<SEC-DOCUMENT>0001554855-25-000381.txt : 20250423
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<ACCEPTANCE-DATETIME>20250422200800
ACCESSION NUMBER:		0001554855-25-000381
CONFORMED SUBMISSION TYPE:	20-F
PUBLIC DOCUMENT COUNT:		192
CONFORMED PERIOD OF REPORT:	20241231
FILED AS OF DATE:		20250423
DATE AS OF CHANGE:		20250422

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ULTRAPAR HOLDINGS INC
		CENTRAL INDEX KEY:			0001094972
		STANDARD INDUSTRIAL CLASSIFICATION:	NATURAL GAS DISTRIBUTION [4924]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		20-F
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14950
		FILM NUMBER:		25858971

	BUSINESS ADDRESS:	
		STREET 1:		AV BRIGADERIO LUIZ ANTONIO 1343
		STREET 2:		9 ANDAR SAO PAULO
		CITY:			SP BRAZIL 01350-900
		STATE:			D5
		ZIP:			00000

	MAIL ADDRESS:	
		STREET 1:		CT CORPORATION SYSTEM
		STREET 2:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
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<p style="margin: 5pt 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">As filed with the Securities and Exchange Commission </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">on April </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">22</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">2025</span></p>
<p style="margin: 5pt 0pt; text-align: center; line-height: 1.2;"><br/></p>
<div style="border-top: #000000 3pt solid; line-height: 3px; border-bottom: #000000 1pt solid; font-size: 3pt; width: 100%; padding: 0in;">&#160;</div>
<p>&#160;</p>
<p style="margin:0pt"><br/></p>
<p style="margin: 0pt; break-after: avoid; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 12pt; font-weight: bold; line-height: inherit;">UNITED STATES </span></p>
<p style="margin: 0pt; break-after: avoid; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 12pt; font-weight: bold; line-height: inherit;">SECURITIES AND EXCHANGE COMMISSION </span></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 12pt; font-weight: bold; line-height: inherit;">WASHINGTON, D.C. 20549</span></p>
<p style="border-bottom: 1pt solid #000000; line-height: 1.2; margin: 0pt 216pt; padding-bottom: 1pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 6pt; line-height: inherit;">&#160;</span></p>
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<p style="margin: 6pt 0pt 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">(Mark one) </span></p>
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<p style="margin: 6pt 0pt 0pt 24.5pt; text-indent: -24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;"><ix:nonNumeric contextRef="D20241231" name="dei:DocumentTransitionReport" id="Tag69" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric></span><span style="font-weight: bold; line-height: inherit;">&#160;&#160;&#160;&#160;</span><span style="font-weight: bold; line-height: inherit;">TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 </span></span></p>
<p style="margin: 6pt 0pt 0pt; break-after: avoid; text-align: center; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">OR </span></p>
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<p style="margin: 0pt; break-after: avoid; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonNumeric contextRef="D20241231" name="dei:EntityIncorporationStateCountryCode" id="Tag56" format="ixt-sec:edgarprovcountryen">The Federative Republic of Brazil</ix:nonNumeric> </span></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">(Jurisdiction of incorporation or organization) </span></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"><ix:nonNumeric contextRef="D20241231" name="dei:EntityAddressAddressLine1" id="Tag55">Brigadeiro Luis Ant&#244;nio Avenue, 1343, 9<sup>th</sup> Floor</ix:nonNumeric></span> </p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"><ix:nonNumeric contextRef="D20241231" name="dei:EntityAddressCityOrTown" id="Tag54">S&#227;o Paulo, </ix:nonNumeric>SP, <ix:nonNumeric contextRef="D20241231" name="dei:EntityAddressCountry" id="Tag53" format="ixt-sec:countrynameen">Brazil</ix:nonNumeric> <ix:nonNumeric contextRef="D20241231" name="dei:EntityAddressPostalZipCode" id="Tag52">01317-910</ix:nonNumeric> </span></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Telephone: 55 11 3177 7014 </span></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">(Address of principal executive offices) </span></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&#160;</span></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"><ix:nonNumeric contextRef="D20241231_BusinessContactMember" name="dei:ContactPersonnelName" id="Tag51">Alexandre Mendes Palhares</ix:nonNumeric></span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">, Chief Financial and Investor Relations Officer</span></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><ix:nonNumeric contextRef="D20241231_BusinessContactMember" name="dei:EntityAddressAddressLine1" id="Tag50"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Brigadeiro Luis Ant&#244;nio Avenue, 1343, 9</span><span style="font-family: 'Times New Roman'; font-size: 4.67pt; font-weight: bold; vertical-align: super; line-height: inherit;">th</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Floor</span></ix:nonNumeric> </p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"><ix:nonNumeric contextRef="D20241231_BusinessContactMember" name="dei:EntityAddressCityOrTown" id="Tag49">S&#227;o Paulo</ix:nonNumeric>, SP, <ix:nonNumeric contextRef="D20241231_BusinessContactMember" name="dei:EntityAddressCountry" id="Tag48" format="ixt-sec:countrynameen">Brazil</ix:nonNumeric> <ix:nonNumeric contextRef="D20241231_BusinessContactMember" name="dei:EntityAddressPostalZipCode" id="Tag47">01317-910</ix:nonNumeric> </span></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Telephone: <ix:nonNumeric contextRef="D20241231_BusinessContactMember" name="dei:CityAreaCode" id="Tag46">55 11</ix:nonNumeric> <ix:nonNumeric contextRef="D20241231_BusinessContactMember" name="dei:LocalPhoneNumber" id="Tag45">3177 7014</ix:nonNumeric> </span></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;</span></p>
<p style="margin: 6pt 0pt 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">(Name, telephone, email and/or facsimile number and address of company contact person)</span></p>
<p style="border-bottom: 1pt solid #000000; line-height: 1.2; margin: 0pt 216pt 0pt; padding-bottom: 1pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 12pt; line-height: inherit;">&#160;</span></p>
<p style="margin: 0pt; break-after: avoid; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Securities registered or to be registered pursuant to Section</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">12(b) of the Act: </span></p>
<p style="margin: 0pt; break-after: avoid; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 12pt; line-height: inherit;">&#160;</span></p>
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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Title of each class</span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Trading symbol</span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Name of each exchange on which registered</span></p> </td> </tr>
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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;</span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;</span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;</span></p> </td> </tr>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 184.3pt; height: 25px;">
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231" name="dei:Security12bTitle" id="Tag44">Common shares</ix:nonNumeric>, with no par value (represented by, and traded only in the form of American Depositary Shares, evidenced by American Depositary Receipts, with each American Depositary Share representing one common share)</span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231" name="dei:TradingSymbol" id="Tag43">UGP</ix:nonNumeric></span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 176pt; height: 25px;">
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231" name="dei:SecurityExchangeName" id="Tag42" format="ixt-sec:exchnameen">New York Stock Exchange</ix:nonNumeric></span></p> </td> </tr> </tbody> </table>
<p style="border-bottom: 1pt solid #000000; line-height: 1.2; margin: 6pt 216pt 0pt; padding-bottom: 1pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 6pt; line-height: inherit;">&#160;</span></p>
<p style="margin: 6pt 0pt 0pt; break-after: avoid; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Securities registered or to be registered pursuant to Section</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">12(g) of the Act: </span></p>
<p style="margin: 5pt 0pt 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">None </span></p>
<p style="margin: 12pt 0pt 0pt; break-after: avoid; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Securities for which there is a reporting obligation pursuant to Section</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">15(d) of the Act: </span></p>
<p style="margin: 5pt 0pt 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">None</span></p>
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<p style="margin: 10pt 0pt; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Indicate the number of outstanding shares </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> each of the issuer&#8217;s classes of capital or common stock as of the close of the period covered by the annual report. </span></p>
<p style="margin: 0pt 0pt 10pt; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The number of outstanding shares of each class as of December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, 2024. </span></p>
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<p style="font-size: 11pt; line-height: 108%; margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 11pt; line-height: inherit;">&#160;</span></p> </th>
<th style="vertical-align: middle; width: 50%; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </th> </tr>
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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Title of class</span></p>
<p style="border-top-color: #000000; border-top-style: solid; border-top-width: 1pt; line-height: 1pt; margin: 0pt; padding-top: 1pt; page-break-after: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;</span></p> </th>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Number</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">of</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">shares</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">outstanding</span></p>
<p style="border-top-color: #000000; border-top-style: solid; border-top-width: 1pt; line-height: 1pt; margin: 0pt; padding-top: 1pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;</span></p> </th> </tr> </thead>
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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Common stock</span></p> </td>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20241231" name="dei:EntityCommonStockSharesOutstanding" unitRef="Shares" id="Tag41" decimals="0" format="ixt:num-dot-decimal">1,082,072,593</ix:nonFraction></span></p> </td> </tr> </tbody> </table>
<p style="margin: 12pt 0pt 0pt; break-after: avoid; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. </span><span style="font-family: 'Segoe UI Symbol'; font-size: 10pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231" name="dei:EntityWellKnownSeasonedIssuer" id="Tag40" format="ixt-sec:yesnoballotbox">&#9746;</ix:nonNumeric></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Yes </span><span style="font-family: 'Segoe UI Symbol'; font-size: 10pt; line-height: inherit;">&#9744;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> No </span></p>
<p style="margin: 12pt 0pt 0pt; break-after: avoid; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">13 or 15(d) of the Securities Exchange Act of 1934. </span><span style="font-family: 'Segoe UI Symbol'; font-size: 10pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231" name="dei:EntityVoluntaryFilers" id="Tag39" format="ixt-sec:yesnoballotbox">&#9744;</ix:nonNumeric></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Yes </span><span style="font-family: 'Segoe UI Symbol'; font-size: 10pt; line-height: inherit;">&#9746;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> No </span></p>
<p style="margin: 12pt 0pt 0pt; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Note - Checking the box above will not relieve any registrant required to file reports pursuant to Section</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections. </span></p>
<p style="margin: 12pt 0pt 0pt; break-after: avoid; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Indicate by check mark whether the registrant (1)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">has filed all reports required to be filed by Section</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">has been subject to such filing requirements for the past 90 days. </span><span style="font-family: 'Segoe UI Symbol'; font-size: 10pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231" name="dei:EntityCurrentReportingStatus" id="Tag38" format="ixt-sec:yesnoballotbox">&#9746;</ix:nonNumeric></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Yes </span><span style="font-family: 'Segoe UI Symbol'; font-size: 10pt; line-height: inherit;">&#9744;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> No </span></p>
<p style="margin: 12pt 0pt 0pt; break-after: avoid; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulations S-T (&#167;232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). </span><span style="font-family: 'Segoe UI Symbol'; font-size: 10pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231" name="dei:EntityInteractiveDataCurrent" id="Tag37" format="ixt-sec:yesnoballotbox">&#9746;</ix:nonNumeric></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Yes </span><span style="font-family: 'Segoe UI Symbol'; font-size: 10pt; line-height: inherit;">&#9744;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> No </span></p>
<p style="margin: 12pt 0pt 0pt; break-after: avoid; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or an emerging growth company. See the definitions of &#8220;large accelerated filer&#8221;, &#8220;accelerated filer,&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Exchange Act. </span></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231" name="dei:EntityFilerCategory" id="Tag36" format="ixt-sec:entityfilercategoryen">Large Accelerated Filer</ix:nonNumeric> </span><span style="font-family: 'Segoe UI Symbol'; font-size: 10pt; line-height: inherit;">&#9746;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Accelerated Filer </span><span style="font-family: 'Segoe UI Symbol'; font-size: 10pt; line-height: inherit;">&#9744;</span> </p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Non-accelerated Filer </span><span style="font-family: 'Segoe UI Symbol'; font-size: 10pt; line-height: inherit;">&#9744;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Emerging growth company </span><span style="font-family: 'Segoe UI Symbol'; font-size: 10pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231" name="dei:EntityEmergingGrowthCompany" id="Tag35" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric></span> </p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p>
<p style="margin: 0pt; break-after: avoid; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards&#8224; provided pursuant to Section</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">13(a) of the Exchange Act. </span><span style="font-family: 'Segoe UI Symbol'; font-size: 10pt; line-height: inherit;">&#9744;</span> </p>
<p style="margin: 0pt; break-after: avoid; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p>
<p style="margin: 0pt; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8224; The term &#8220;new or revised financial accounting standard&#8221; refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5, 2012. </span><br/><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p>
<p style="margin: 0pt; break-after: avoid; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Indicate by check mark whether the registrant has filed a report on and attestation to its management&#8217;s assessment of the effectiveness of its internal control over financial reporting under Section</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. </span><span style="font-family: 'Segoe UI Symbol'; font-size: 10pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231" name="dei:IcfrAuditorAttestationFlag" id="Tag34" format="ixt-sec:boolballotbox">&#9746;</ix:nonNumeric></span> </p>
<p style="margin: 5pt 0pt 0pt; break-after: avoid; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. </span><span style="font-family: 'Segoe UI Symbol'; font-size: 10pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231" name="dei:DocumentFinStmtErrorCorrectionFlag" id="Tag33" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric></span></p>
<p style="margin: 5pt 0pt 0pt; break-after: avoid; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant&#8217;s executive officers during the relevant recovery period pursuant to &#167;240.10D-1(b). </span><span style="font-family: 'Segoe UI Symbol'; font-size: 10pt; line-height: inherit;">&#9744;</span></p>
<p style="margin: 5pt 0pt 0pt; break-after: avoid; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing: </span></p>
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<p style="margin: 0pt 0pt 0pt 12pt; text-indent: -12pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">U.S.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">GAAP </span><span style="font-family: 'Segoe UI Symbol'; font-size: 10pt;">&#9744;</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><ix:nonNumeric contextRef="D20241231" name="dei:DocumentAccountingStandard" id="Tag116">International Financial Reporting Standards</ix:nonNumeric> as issued</span></p>
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">by the International Accounting Standards Board </span><span style="font-family: 'Segoe UI Symbol'; font-size: 10pt;">&#9746;</span></p> </td>
<td style="vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 12pt; text-indent: -12pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Other </span><span style="font-family: 'Segoe UI Symbol'; font-size: 10pt;">&#9744;</span></p> </td> </tr> </tbody> </table>
<p style="margin: 12pt 0pt 0pt; break-after: avoid; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">If &#8220;Other&#8221; has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow: Item</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">17 </span><span style="font-family: 'Segoe UI Symbol'; font-size: 10pt; line-height: inherit;">&#9744;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Item</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">18 </span><span style="font-family: 'Segoe UI Symbol'; font-size: 10pt; line-height: inherit;">&#9744;</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). </span><span style="font-family: 'Segoe UI Symbol'; font-size: 10pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231" name="dei:EntityShellCompany" id="Tag166" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Yes </span><span style="font-family: 'Segoe UI Symbol'; font-size: 10pt; line-height: inherit;">&#9746;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> No </span></p>
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<p>&#160;</p> &#160;<br/><span style="font-family: 'Times New Roman'; font-size: 4pt; line-height: inherit;">&#160;</span>
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<div class="pageBreak" style="page-break-before: always;"><a href="#TOC"></a><br/></div> </div> </div><div id="D85d5e3tl4o402jp9wvn88" style="font-family: 'times new roman', times; font-size: 10pt;">
<p style="margin: 5pt 0pt 0pt; page-break-after: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">TABLE OF CONTENTS</span></p> &#8203;
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<p><span style="font-weight: bold;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#"></a></span></p>
<p style="vertical-align: middle; text-align: center;"><span style="font-weight: bold;"><br/></span></p> </td>
<td style="height: 10px; border-bottom: 1pt solid rgb(0, 0, 0); text-align: right;"><span style="font-weight: bold;"> Page</span> </td> </tr>
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<td id="BM_Bdn1_1632025102142145" style="height: 17px; width: 90%;"><a href="#Bdn1_1632025102142145">PART I </a></td>
<td class="bmpageno" id="BMP_Bdn1_1632025102142145" style="height: 17px; width: 10%; text-align: right;">9</td> </tr>
<tr style="height: 17px;">
<td id="BM_Bdn2_1632025102157666" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#Bdn2_1632025102157666">ITEM 1.	IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS</a></td>
<td class="bmpageno" id="BMP_Bdn2_1632025102157666" style="height: 17px; text-align: right;">9</td> </tr>
<tr style="height: 17px;">
<td id="BM_Bdn3_1632025102213214" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#Bdn3_1632025102213214">ITEM 2.	OFFER STATISTICS AND EXPECTED TIMETABLE</a></td>
<td class="bmpageno" id="BMP_Bdn3_1632025102213214" style="height: 17px; text-align: right;">9</td> </tr>
<tr style="height: 17px;">
<td id="BM_Bdn4_1632025102241401" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#Bdn4_1632025102241401">ITEM 3.	KEY INFORMATION</a></td>
<td class="bmpageno" id="BMP_Bdn4_1632025102241401" style="height: 17px; text-align: right;">9</td> </tr>
<tr style="height: 17px;">
<td id="BM_BS1_183202533255627" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#BS1_183202533255627">ITEM 4.	INFORMATION ON THE COMPANY</a></td>
<td class="bmpageno" id="BMP_BS1_183202533255627" style="height: 17px; text-align: right;">25</td> </tr>
<tr style="height: 17px;">
<td id="BM_Bdn7_1632025102542557" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#Bdn7_1632025102542557">ITEM 4A.	UNRESOLVED STAFF COMMENTS </a></td>
<td class="bmpageno" id="BMP_Bdn7_1632025102542557" style="height: 17px; text-align: right;">76</td> </tr>
<tr style="height: 17px;">
<td id="BM_Bdn8_1632025102553746" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#Bdn8_1632025102553746">ITEM 5.	OPERATING AND FINANCIAL REVIEW AND PROSPECTS</a></td>
<td class="bmpageno" id="BMP_Bdn8_1632025102553746" style="height: 17px; text-align: right;">76</td> </tr>
<tr style="height: 17px;">
<td id="BM_BS3_183202533845769" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#BS3_183202533845769">ITEM 6.	DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES</a></td>
<td class="bmpageno" id="BMP_BS3_183202533845769" style="height: 17px; text-align: right;">90</td> </tr>
<tr style="height: 17px;">
<td id="BM_Bdn24_1632025104441757" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#Bdn24_1632025104441757">ITEM 7.	MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS</a></td>
<td class="bmpageno" id="BMP_Bdn24_1632025104441757" style="height: 17px; text-align: right;">103</td> </tr>
<tr style="height: 17px;">
<td id="BM_BS7_183202543815330" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#BS7_183202543815330">ITEM 8.	FINANCIAL INFORMATION</a></td>
<td class="bmpageno" id="BMP_BS7_183202543815330" style="height: 17px; text-align: right;">105</td> </tr>
<tr style="height: 17px;">
<td id="BM_Bdn26_1632025104523441" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#Bdn26_1632025104523441">ITEM 9. THE OFFER AND LISTING</a></td>
<td class="bmpageno" id="BMP_Bdn26_1632025104523441" style="height: 17px; text-align: right;">110</td> </tr>
<tr style="height: 17px;">
<td id="BM_BS8_183202544154689" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#BS8_183202544154689">ITEM 10. ADDITIONAL INFORMATION</a></td>
<td class="bmpageno" id="BMP_BS8_183202544154689" style="height: 17px; text-align: right;">110</td> </tr>
<tr style="height: 17px;">
<td id="BM_BJKB01_163202503638932" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#BJKB01_163202503638932">ITEM 11.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK</a></td>
<td class="bmpageno" id="BMP_BJKB01_163202503638932" style="height: 17px; text-align: right;">126</td> </tr>
<tr style="height: 17px;">
<td id="BM_BJKB02_16320250375046" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#BJKB02_16320250375046">ITEM 12.	DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES</a></td>
<td class="bmpageno" id="BMP_BJKB02_16320250375046" style="height: 17px; text-align: right;">128</td> </tr>
<tr style="height: 17px;">
<td id="BM_BS0_183202544514623" style="height: 17px; width: 90%;"><a href="#BS0_183202544514623">PART II </a></td>
<td class="bmpageno" id="BMP_BS0_183202544514623" style="height: 17px; width: 10%; text-align: right;">129</td> </tr>
<tr style="height: 17px;">
<td id="BM_BJKB03_163202503822709" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#BJKB03_163202503822709">ITEM 13.	DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES</a></td>
<td class="bmpageno" id="BMP_BJKB03_163202503822709" style="height: 17px; text-align: right;">129</td> </tr>
<tr style="height: 17px;">
<td id="BM_BJKB04_163202503830621" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#BJKB04_163202503830621">ITEM 14.	MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS</a></td>
<td class="bmpageno" id="BMP_BJKB04_163202503830621" style="height: 17px; text-align: right;">129</td> </tr>
<tr style="height: 17px;">
<td id="BM_BJKB05_163202503838726" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#BJKB05_163202503838726">ITEM 15.	CONTROLS AND PROCEDURES</a></td>
<td class="bmpageno" id="BMP_BJKB05_163202503838726" style="height: 17px; text-align: right;">129</td> </tr>
<tr style="height: 17px;">
<td id="BM_BJKB06_16320250391229" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#BJKB06_16320250391229">ITEM&#160;16.&#160;[RESERVED] </a></td>
<td class="bmpageno" id="BMP_BJKB06_16320250391229" style="height: 17px; text-align: right;">131</td> </tr>
<tr style="height: 17px;">
<td id="BM_BJKB07_16320250392213" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#BJKB07_16320250392213">ITEM&#160;16A.&#160;AUDIT COMMITTEE FINANCIAL EXPERT </a></td>
<td class="bmpageno" id="BMP_BJKB07_16320250392213" style="height: 17px; text-align: right;">131</td> </tr>
<tr style="height: 17px;">
<td id="BM_BJKB08_16320250392978" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#BJKB08_16320250392978">ITEM&#160;16B.&#160;CODE OF ETHICS </a></td>
<td class="bmpageno" id="BMP_BJKB08_16320250392978" style="height: 17px; text-align: right;">131</td> </tr>
<tr style="height: 17px;">
<td id="BM_BJKB09_163202503944133" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#BJKB09_163202503944133">ITEM&#160;16C.&#160;PRINCIPAL ACCOUNTANT FEES AND SERVICES </a></td>
<td class="bmpageno" id="BMP_BJKB09_163202503944133" style="height: 17px; text-align: right;">132</td> </tr>
<tr style="height: 17px;">
<td id="BM_BJKB10_163202503957245" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#BJKB10_163202503957245">ITEM&#160;16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES </a></td>
<td class="bmpageno" id="BMP_BJKB10_163202503957245" style="height: 17px; text-align: right;">133</td> </tr>
<tr style="height: 17px;">
<td id="BM_BJKB11_16320250404108" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#BJKB11_16320250404108">ITEM&#160;16E.&#160;PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS </a></td>
<td class="bmpageno" id="BMP_BJKB11_16320250404108" style="height: 17px; text-align: right;">133</td> </tr>
<tr style="height: 17px;">
<td id="BM_BJKB12_163202504019518" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#BJKB12_163202504019518">ITEM&#160;16F. CHANGE IN REGISTRANT&#8217;S CERTIFYING ACCOUNTANT </a></td>
<td class="bmpageno" id="BMP_BJKB12_163202504019518" style="height: 17px; text-align: right;">133</td> </tr>
<tr style="height: 17px;">
<td id="BM_BJKB13_163202504026173" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#BJKB13_163202504026173">ITEM&#160;16G. CORPORATE GOVERNANCE </a></td>
<td class="bmpageno" id="BMP_BJKB13_163202504026173" style="height: 17px; text-align: right;">133</td> </tr>
<tr style="height: 17px;">
<td id="BM_BJKB15_163202504110341" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#BJKB15_163202504110341">ITEM&#160;16H.&#160;MINE&#160;SAFETY DISCLOSURE </a></td>
<td class="bmpageno" id="BMP_BJKB15_163202504110341" style="height: 17px; text-align: right;">136</td> </tr>
<tr style="height: 17px;">
<td id="BM_BJKB16_163202504122286" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#BJKB16_163202504122286">ITEM&#160;16I.&#160;DISCLOSURE REGARDING FOREIGN JURISDICTION THAT PREVENT INSPECTIONS </a></td>
<td class="bmpageno" id="BMP_BJKB16_163202504122286" style="height: 17px; text-align: right;">136</td> </tr>
<tr style="height: 17px;">
<td id="BM_BJKB17_163202504152921" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#BJKB17_163202504152921">ITEM 16J.&#160;INSIDER TRADING POLICIES </a></td>
<td class="bmpageno" id="BMP_BJKB17_163202504152921" style="height: 17px; text-align: right;">137</td> </tr>
<tr style="height: 17px;">
<td id="BM_BJKB18_16320250420682" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#BJKB18_16320250420682">ITEM 16K.&#160;CYBERSECURITY</a></td>
<td class="bmpageno" id="BMP_BJKB18_16320250420682" style="height: 17px; text-align: right;">137</td> </tr>
<tr style="height: 17px;">
<td id="BM_Bdn10_1632025103248613" style="height: 17px;"><a href="#Bdn10_1632025103248613">PART III </a></td>
<td class="bmpageno" id="BMP_Bdn10_1632025103248613" style="height: 17px; text-align: right;">140</td> </tr>
<tr style="height: 17px;">
<td id="BM_Bdn11_1632025103258262" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#Bdn11_1632025103258262">ITEM 17.	FINANCIAL STATEMENTS</a></td>
<td class="bmpageno" id="BMP_Bdn11_1632025103258262" style="height: 17px; text-align: right;">140</td> </tr>
<tr style="height: 17px;">
<td id="BM_Bdn12_163202510338859" style="height: 17px; padding: 0px 0px 0px 25px;"><a href="#Bdn12_163202510338859">ITEM 18.	FINANCIAL STATEMENTS</a></td>
<td class="bmpageno" id="BMP_Bdn12_163202510338859" style="height: 17px; text-align: right;">140</td> </tr>
<tr style="height: 10px;">
<td id="BM_Bdn111_1832025133540842" style="height: 10px; padding: 0px 0px 0px 25px;"><a href="#Bdn111_1832025133540842">ITEM 19.	EXHIBITS</a></td>
<td class="bmpageno" id="BMP_Bdn111_1832025133540842" style="height: 10px; text-align: right;">141</td> </tr>
<tr style="height: 10px;">
<td id="BM_BDNN35_1632025111358605" style="height: 10px; padding: 0px 0px 0px 25px;"><a href="#BDNN35_1632025111358605">FINANCIAL STATEMENTS</a></td>
<td class="bmpageno" id="BMP_BDNN35_1632025111358605" style="height: 10px; text-align: right;">F-1</td> </tr> </tbody> </table>
<p style="margin: 0px; text-indent: 0px;">&#160;</p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>1</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div><div id="D516hz1j0ljkko3iul0p7l" style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px;">
<div>
<p style="margin: 5pt 0pt 0pt; break-after: avoid; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">INTRODUCTION</span></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar is a Brazilian company with 87 years of history, with its origins going back to 1937, when Ernesto Igel founded Ultragaz, a company which pioneered the distribution of LPG as cooking gas. Since then, Ultrapar </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">has </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">become one of the largest business groups in Brazil, with an outstanding position in the energy, mobility and logistics infrastructure segments. </span></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Since 1999, Ultrapar&#8217;s shares have been traded under an ADS Level III program on the New York Stock Exchange &#8211; NYSE, and on the S&#227;o Paulo Stock Exchange &#8211; B3. Since 2011, the Company&#8217;s shares have been listed on B3&#8217;s </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the segment with the highest standards of corporate governance in Brazil.</span></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of December 31, 2024,</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar owned three main </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">segments</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">:</span></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 7.4pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Ipiranga:</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> comprehensive ecosystem of mobility products and services, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">it </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">is one of the largest fuels and lubricants distribution companies and one of</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">most valuable brands </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in the country, with a network of approximately 5,900 service stations, in addition to 1.5 thousand AmPm stores, the largest convenience store franchise in Brazil</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; padding-left: 8.25pt; text-align: justify; text-indent: 0pt; margin: 6pt 0pt 0pt 7.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Ultragaz:</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> pioneer company and</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> is one of the</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> leader</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">s</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> in the distribution of LPG in Brazil, it is a reference in innovation in the sector and has been expanding its offer of energy solutions for its customers. It serves approximately </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">57 </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">thousand business customers and more than 11 million households, through a network that already exceeds 6 thousand resellers, in a safe, efficient, and sustainable way.</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; padding-left: 8.25pt; text-align: justify; text-indent: 0pt; margin: 6pt 0pt 0pt 7.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Ultracargo:</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the leading company in the sector of independent liquid bulk storage terminals in Brazil, it is present in the country&#8217;s inland and main ports</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, handling fuels, biofuels, chemicals, and vegetable oils. It has advanced its growth strategy by expanding into inland areas, connecting Brazil&#8217;s coastline to its interior</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></li> </ul>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Additionally, in 2024, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar Log&#237;stica, a subsidiary of Ultrapar</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> acquired an equity participation in Hidrovias. As of December 31, 2024, the company held a total stake of 41.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">9</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Hidrovias</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> is a</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> leader in waterway cargo transport in Brazil, mainly for </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">transporting </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">grains, minerals, fertilizers, and salt. It has four operations: an integrated logistics system in the Northern Corridor, coastal shipping</span><span style="font-family: 'Times New Roman'; font-size: 6.67pt; vertical-align: super; line-height: inherit;">1</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, river navigation in the Southern Corridor, and port operation in Santos.</span></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt 28.35pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 6pt; vertical-align: super; line-height: inherit;">1</span> <span style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;">The </span><span style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;">sale of the </span><span style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;">cabotage operation</span><span style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;"> was announced to the market </span><span style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;">on</span><span style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;"> February 27, 2025</span><span style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;"> and it is</span><span style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;"> subject to regulatory</span><span style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;"> approvals.</span></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The sales of Oxiteno and Extrafarma</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, our former wholly owned subsidiaries,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> were closed on April 1, 2022 and on August 1, 2022, respectively, and, as a result, these companies are no longer part of Ultrapar&#8217;s business portfolio as of these dates. For more information on our continuing and discontinued operations, please see "Item 4.A. Information on the Company&#8212;History and development of the Company&#8212;A.1. Continuing operations&#8221; and &#8220;&#8212;A.2. Discontinued operations.&#8221;</span></p>
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>2</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: center; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">GLOSSARY AND OTHER CONVENTIONS</span></p>
<p style="margin: 12pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">References in this annual report to &#8220;Ultrapar&#8221;, &#8220;we&#8221;, &#8220;our&#8221;, &#8220;us&#8221; and &#8220;the Company&#8221; are to Ultrapar Participa&#231;&#245;es S.A. and its consolidated subsidiaries (unless the context otherwise requires). In addition, all references in this annual report to:</span></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;2018 Shareholders&#8217; Agreement&#8221; have the meaning given to such term in &#8220;Item</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4.A. Information on the Company&#8212;History and development of the Company&#8212;Corporate events&#8221;;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-indent: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;2020 Shareholders&#8217; Agreement&#8221; have the meaning given </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">to such term </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in &#8220;Item</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4.A. Information on the Company&#8212;History and development of the Company&#8212;Corporate events.&#8221;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> The 2020 Shareholders&#8217; Agreement is incorporated by reference to Exhibit 2.9;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;ABD&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Associa&#231;&#227;o Brasileira de Downstream</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the Brazilian downstream association;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;ABF&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Associa&#231;&#227;o Brasileira de Franchising</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the Brazilian franchising association;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;ABTL&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Associa&#231;&#227;o Brasileira de Terminais de L&#237;quidos</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the Brazilian association of liquid bulk terminal operators; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;ADSs&#8221; are to our American Depositary Shares, each representing one common share; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Ageo&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Ageo Terminais e Armaz&#233;ns Gerais S.A.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;AmPm&#8221; are to Ipiranga&#8217;s convenience stores franchise network that operates under the brand AmPm, managed by AmPm Comest&#237;veis Ltda.; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;ANFAVEA&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Associa&#231;&#227;o Nacional dos Fabricantes de Ve&#237;culos Automotores</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the Brazilian association of vehicle producers; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;ANP&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Ag&#234;ncia Nacional do Petr&#243;leo, G&#225;s Natural e Biocombust&#237;veis</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the Brazilian oil, natural gas and biofuels regulatory agency; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;ANTAQ&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Ag&#234;ncia Nacional de Transportes Aquavi&#225;rios</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the Brazilian waterway transportation agency;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;ANVISA&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Ag&#234;ncia Nacional de Vigil&#226;ncia Sanit&#225;ria</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the Brazilian health surveillance agency </span><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">established by Federal Law No.</span><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">9,782/99 and regulated by Decree No.</span><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,029/99</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Arla 32&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Agente Redutor L&#237;quido Automotivo</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, an automotive liquid reducing agent; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;B3&#8221; are to the B3 S.A.&#8212;Brasil, Bolsa, Balc&#227;o, the S&#227;o Paulo Stock Exchange; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;BP&#8221; are to BP Biofuels Brazil Investments Ltd.;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Braskem&#8221; are to Braskem S.A.; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Brazilian Corporate Law&#8221; are to Law No.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6,404 enacted in December 1976, as amended; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Brazilian GAAP&#8221; are accounting practices adopted in Brazil that comprise the Brazilian Corporate Law and the Pronouncements, Guidelines and Interpretations issued by the Accounting Pronouncements Committee (&#8220;CPC&#8221;) and approved by the Federal Accounting Council (&#8220;CFC&#8221;) and the Brazilian Securities and Exchange Commission (&#8220;CVM&#8221;); </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;CADE&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Conselho Administrativo de Defesa Econ&#244;mica</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the Brazilian antitrust authority; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Cattalini&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Cattalini Terminais Mar&#237;timos S.A.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;CBios&#8221; are to financial </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">assets</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> traded on B3, issued by biofuel producers, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">as a means</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> for fossil fuel distributors to meet </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">RenovaBio&#8217;s</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> decarbonization targets</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;CBL&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Chevron Brasil Ltda.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (currently Ipiranga), a former subsidiary of Chevron that, together with Galena, held Texaco; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Central Bank&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Banco Central do Brasil</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the Brazilian central bank; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Chevron&#8221; are to Chevron Latin America Marketing LLC and Chevron Amazonas LLC; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;CIDE&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Contribui&#231;&#245;es de Interven&#231;&#227;o no Dom&#237;nio Econ&#244;mico</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, a Brazilian tax contribution levied on the import and sale of gasoline, diesel, aviation kerosene, LPG, and others;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;CNPE&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Conselho Nacional de Pol&#237;tica Energ&#233;tica</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, advisory body to the President of Brazil, created by Law No. 9,478/97, intended for the formulation of energy policies and guidelines; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Code&#8221; are to the U.S. Internal Revenue Code of 1986, as amended; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;CODIF&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Sistema de Controle do Diferimento do Imposto nas Opera&#231;&#245;es</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, a system for tax deferral control in operations;</span></li> </ul>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>3</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Commodity Exception&#8221; are to gains derived from &#8220;qualified active sales&#8221; of commodities and &#8220;qualified hedging transactions&#8221; involving commodities, within the meaning of the applicable U.S. Treasury regulations; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;CONAMA&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Conselho Nacional do Meio Ambiente</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the Brazilian council of the environment; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;ConectCar&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">ConectCar Solu&#231;&#245;es de Mobilidade Eletr&#244;nica S.A.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, a joint-venture initially formed by Ipiranga and OTP (Odebrecht Transport S.A.), which started its operations in 2012. In 2016, Redecard S.A. acquired OTP&#8217;s interest in ConectCar. In June 2021, Ultrapar entered into a share purchase agreement for the sale of its equity interest in ConectCar to a subsidiary of Porto Seguro S.A. The transaction was closed in October 2021. As a result, ConectCar is no longer part of Ultrapar&#8217;s business portfolio;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;CONFAZ&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Conselho Nacional de Pol&#237;tica Fazend&#225;ria</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the national council for financial policy;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Conversion&#8221; are to the conversion of all preferred shares issued by the Company into common shares, at a ratio of 1 preferred share for 1</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">common share, as approved at the Extraordinary General Shareholders&#8217; Meeting and the special preferred Shareholders&#8217; Meeting, both held on June</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">28, 2011; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Copagaz&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Copagaz Distribuidora de G&#225;s S.A.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Copersucar&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Copersucar S.A.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Cosan&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Cosan S.A.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;CVM&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Comiss&#227;o de Valores Mobili&#225;rios</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the securities and exchange commission of Brazil; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Deposit Agreement&#8221; are to the Deposit Agreement between Ultrapar Participa&#231;&#245;es S.A. and the Bank of New York Mellon, dated September</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">16, 1999, and all subsequent amendments thereto; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;DI&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Certificados de Dep&#243;sito Interbanc&#225;rio</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the Brazilian money market interest rate; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;DNP&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Distribuidora Nacional de Petr&#243;leo Ltda.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, a company that was acquired by Ipiranga in 2010 and was merged into Ipiranga in 2011; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Extrafarma&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Imifarma Produtos Farmac&#234;uticos e Cosm&#233;ticos S.A.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, a company that used to be a wholly-owned subsidiary of Ipiranga, which is wholly-owned by Ultrapar;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Extrafarma Transaction&#8221; are to the exchange of shares of Extrafarma for Ultrapar&#8217;s shares on January</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, 2014, as described in &#8220;Item</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4.A. Information on the Company&#8212;History and development of the Company&#8212;A.2. Discontinued operations &#8212;Extrafarma;&#8221;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;FGV&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Funda&#231;&#227;o </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Getulio</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"> Vargas</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Fog&#225;s&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Sociedade Fog&#225;s Ltda.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Galena&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Sociedade An&#244;nima de &#211;leo Galena Signal</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, a former subsidiary of Chevron that, together with CBL, held Texaco; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;GHG&#8221; are to greenhouse gas;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;GRI&#8221; are to Global Reporting Initiative;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Hidrovias&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Hidrovias do Brasil S.A, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a logistics company that offers integrated solutions for waterway transportation, terminal operations, cabotage, and integration of transportation services;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">"I-RECs&#8221; are to International Renewable Energy Certificates; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;IBGE&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Instituto Brasileiro de Geografia e Estat&#237;stica</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the Brazilian institute of geography and statistics;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;IBP&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Instituto Brasileiro de Petr&#243;leo e G&#225;s</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the Brazilian institute of oil and gas;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;ICL&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Instituto do Combust&#237;vel Legal</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, a Brazilian organization that seeks to promote discussions with relevant players in the oil and gas industry, including the government, to combat irregular operations and promote fair competition;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;ICMS&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Imposto sobre Circula&#231;&#227;o de Mercadorias e Servi&#231;os</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the tax on the circulation of goods and services;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Iconic&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Iconic Lubrificantes S.A.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,&#160; an association formed by Ipiranga and Chevron, which started its operations in 2017; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;iFood&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">iFood.com Ag&#234;ncia de Restaurantes Online S.A.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">;</span> </li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;IGP-M&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">&#205;ndice Geral de Pre&#231;os &#8211; Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the general index of market prices of Brazilian inflation calculated by FGV; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Imaven&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Imaven Im&#243;veis Ltda.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Indorama&#8221; are to Indorama Ventures PLC;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;INPI&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Instituto Nacional de Propriedade Industrial</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the Brazilian institute of industrial property;</span></li> </ul>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>4</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;IPCA&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">&#205;ndice Nacional de Pre&#231;os ao Consumidor Amplo</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the extended national consumer price index calculated by IBGE; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Ipiranga&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultra Mobilidade S.A., </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">holding</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> company</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> that owns </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Ipiranga</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"> Produtos de Petr&#243;leo S.A.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">our</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> subsidiary that operates in the fuel distribution business and related activities</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, AmPm and Neodiesel Ltda.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Ipiranga Group&#8221; are to RPR, DPPI, CBPI, Ipiranga Qu&#237;mica S.A. (&#8220;IQ&#8221;), Ipiranga Petroqu&#237;mica S.A. (&#8220;IPQ&#8221;), Companhia Petroqu&#237;mica do Sul S.A. (&#8220;Copesul&#8221;) and their respective subsidiaries prior to their sale to Ultrapar, Petrobras and Braskem; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;IRS&#8221; are to U.S. Internal Revenue Service; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;ISE B3&#8221; are to the Corporate Sustainability Index of B3;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Ita&#250;sa&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Ita&#250;sa &#8211; Investimentos Ita&#250; S.A.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;KMV&#8221; are</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">K</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">m de Vantagens</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Ipiranga&#8217;s loyalty program which, combined with a digital payment app, operates under the brand KMV</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (formerly abastece a&#237;)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, managed by Ea&#237; Clube Automobilista S.A</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Liquig&#225;s&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Liquig&#225;s Distribuidora S.A.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;LPG&#8221; are to liquefied petroleum gas;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;LTIF&#8221; are to Lost-time Injury Frequency. The LTIF rate is calculated by (the number of accidents with lost time x 1,000,000/ hours worked);</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;MSCI&#8221; are to MSCI Inc.;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Nacional G&#225;s&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Nacional G&#225;s Butano Distribuidora Ltda.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;NEOg&#225;s&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">NEOg&#225;s do Brasil G&#225;s Natural Comprimido S.A.,</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultragaz&#8217;s subsidiary which operates in the compressed natural gas distribution segment</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> listing segment of B3; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;NYSE&#8221; are to New York Stock Exchange; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">"Odfjell" are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Terminals Granel Qu&#237;mica Ltda.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Opla&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Terminal de </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Combust&#237;veis</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"> Paulinia S.A</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Oxiteno&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Oxiteno S.A. &#8211; Ind&#250;stria e Com&#233;rcio</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, a company that used to be an Ultrapar&#8217;s wholly-owned subsidiary, and its subsidiaries that produce ethylene oxide and its principal derivatives, fatty alcohols and other specialty chemicals;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Pague Menos&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Empreendimentos Pague Menos S.A.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Parth&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Parth do Brasil Participa&#231;&#245;es Ltda.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, an investment company controlled by Mrs.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Daisy Igel&#8217;s family and owner of 8% of Ultrapar&#8217;s total capital stock; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;P&#225;tria&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">P&#225;tria Private Equity VI FIP Multiestrat&#233;gia</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, an investment company and a shareholder of both Ultra S.A. and Ultrapar; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Petrobras&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Petrobras &#8211; Petr&#243;leo Brasileiro S.A.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Petrochemical Business&#8221; are to IQ, IPQ and IPQ&#8217;s stake in Copesul; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;PFIC&#8221; are to Passive Foreign Investment Company; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;PIS and COFINS&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Programa de Integra&#231;&#227;o Social</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (the Integration Program Taxes) and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Contribui&#231;&#227;o para o Financiamento da Securidade Social</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (the Contribution for the Financing of Social Security Taxes), respectively; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;PSE&#8221; are to Process Safety Event. The PSE rate is calculated by (the number of occurrences x 1,000,000/ hours worked);</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Ra&#237;zen&#8221; are to Ra&#237;zen S.A.;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Real</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8221;, &#8220;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Reais</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8221; or &#8220;R$&#8221; are to Brazilian</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"> Reais</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the official currency of Brazil; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Repsol&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Repsol G&#225;s Brasil S.A.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, a company that was acquired by Ultragaz in 2011 and was merged into Ultragaz in 2012; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;RPR&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Refinaria de Petr&#243;leo Riograndense S.A.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (formerly </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Refinaria de Petr&#243;leo Ipiranga S.A.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">), a joint-venture owned by Petrobras, Braskem and Ultrapar; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;SASB&#8221; are to Sustainability Accounting Standards Board;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;SEC&#8221; are to the U.S. Securities and Exchange Commission; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Securities Act&#8221; are to the U.S. Securities Act of 1933, as amended; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">S</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ELIC</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8221; are to the Brazilian base interest rate;</span></li> </ul>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>5</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Shell&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Shell International Petroleum Company Limited, a subsidiary of Royal Dutch Shell;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;SIGA+&#8221; are to Ipiranga&#8217;s management system applied to health, safety, environment, quality and social responsibility;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Sindicom&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Sindicato Nacional das Empresas Distribuidoras de Combust&#237;veis e de Lubrificantes</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the Brazilian association of fuel distributors; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Sindig&#225;s&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Sindicato Nacional das Empresas Distribuidoras de G&#225;s Liquefeito de Petr&#243;leo</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the Brazilian association of LPG distributors;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;SPE&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Sociedade de Prop&#243;sito Espec&#237;fico</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, a special purpose vehicle;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;STF&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Supremo Tribunal Federal</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the Brazilian federal supreme court;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;SUDENE&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Superintend&#234;ncia do Desenvolvimento do Nordeste</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the development agency of the Northeast of Brazil; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Supergasbr&#225;s&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Supergasbr&#225;s Energia Ltda.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;TEAS&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Terminal Exportador de &#193;lcool de Santos Ltda.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, a company acquired by Ultracargo in March 2018; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;TCFD&#8221; are to Task Force on Climate-Related Financial Disclosures;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Temmar&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Terminal Mar&#237;timo do Maranh&#227;o S.A.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, a company acquired by Ultracargo in 2012 and merged into Ultracargo Log&#237;stica in 2013; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Texaco&#8221; are to the Texaco-branded fuel marketing business in Brazil, previously carried-out by CBL and Galena, companies that were acquired by Ipiranga in 2009; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;TJLP&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Taxa de Juros de Longo Prazo</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, Brazilian long-term interest rate;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;TPV&#8221; are to total payment volume, which represents the total amount of transactions carried out through KMV in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Reais</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;TRR&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Transportador Revendedor Retalhista</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, specialized resellers in the fuel distribution; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;U.S. holder&#8221; has the meaning given to such term in &#8220;Item</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">10. Additional information&#8212;E. Taxation&#8212;U.S. federal income tax considerations;&#8221;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Ultra S.A.&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Ultra S.A. Participa&#231;&#245;es</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, a holding company owned by members of the founding family and senior management of Ultrapar. Ultra S.A. is the largest shareholder of Ultrapar, holding 25% of its total capital stock; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Ultracargo&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Ultracargo Log&#237;stica S.A</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"> (</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">formerly named Terminal Qu&#237;mico de Aratu S.A. &#8211; Tequimar) and its subsidiaries</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">that operate in the liquid bulk storage segment;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Ultragaz&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Cia. Ultragaz</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, which operates mainly in the distribution of LPG, but also provides other types of energy, beyond LPG; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Ultragaz Energia&#8221;, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">holding</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> company</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> that owns</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> a</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> paricipation </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Stella GD Intermedia&#231;&#227;o de Gera&#231;&#227;o Distribu&#237;da de Energia Ltda., </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultragaz&#8217;s subsidiary which operates in the energy market, targeting low voltage customers;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Ultrapar International&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Ultrapar International S.A.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Ultrapar Log&#237;stica&#8221;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">formerly named &#8220;Ultracargo Opera&#231;&#245;es Log&#237;sticas e Participa&#231;&#245;es Ltda.&#8221;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> are to Ultrapar Log&#237;stica Ltda., a subsidiary of Ultrapar;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Uni&#227;o Terminais&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Uni&#227;o Terminais e Armaz&#233;ns Gerais Ltda.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, a company that was merged into Ultracargo Log&#237;stica in 2008; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Uni&#227;o Vopak&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Uni&#227;o Vopak Armaz&#233;ns Gerais Ltda.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, a joint-venture in which Ultracargo has a 50% stake; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Unipar&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Uni&#227;o das Ind&#250;strias Petroqu&#237;micas S.A</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;US$&#8221;, &#8220;U.S. dollar&#8221; or &#8220;U.S. dollars&#8221; are to the United States dollar;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Vibra&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Vibra Energia S.A.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Vopak&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Vopak Brasil S.A</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">.;</span> </li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Witzler&#8221; are to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Witzler Participa&#231;&#245;es S.A., </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultragaz&#8217;s subsidiary which operates in the free energy market, targeting high voltage customers</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></li> </ul> </div>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>6</span></span></td> </tr> </tbody> </table>
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<p style="margin: 10pt 0pt 0pt; text-align: center; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">PRESENTATION OF FINANCIAL INFORMATION</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our audited consolidated financial statements included in Item 18 were prepared in accordance with IFRS as issued by </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">IASB, and include our consolidated statement of financial position as of December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2024</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2023</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and the related consolidated statements of income, comprehensive income, changes in equity and cash flows &#8211; indirect method for the years ended December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2024, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2023 and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2022</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, as well as notes thereto (the &#8220;Consolidated Financial Statements&#8221;).</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">There are no standards, amendments and interpretations to IFRS issued by IASB which are effective and could have a material impact in the financial statements for the periods ended on December 31, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2024 and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2023 that have not been adopted by the Company</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The financial information presented in this annual report should be read in conjunction with our Consolidated Financial Statements.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Segment information for our businesses is presented on an unconsolidated basis. See Note</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to our Consolidated Financial Statements for further information on segment information. Consequently, intercompany transactions have not been eliminated in segment information, and such information may differ from consolidated financial information provided elsewhere in this annual report. See &#8220;Item</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">7.B. Major shareholders and related party transactions&#8212;Related party transactions&#8221; for more information on intercompany transactions.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On December 31, 2021, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">our former wholly owned subsidiaries, Oxiteno and Extrafarma, were classified as assets and liabilities held for sale and discontinued operations, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">due to the signing of a share purchase agreement with Indorama in August 2021 and with Pague Menos in May 2021, respectively. The sales of Oxiteno and Extrafarma were closed on April 1, 2022 and on August 1, 2022, respectively, and, as a result, these companies are no longer part of Ultrapar&#8217;s business portfolio as of these dates.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Certain figures included in this annual report have been subject to rounding adjustments. Accordingly, figures shown as totals in certain tables and charts may not be an arithmetic aggregation of the figures that precede them.</span></p> </div>
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<p style="margin: 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Market share and economic information</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">All market share information, unless otherwise specified, related to (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the LPG business was obtained from ANP, (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the fuel distribution business was obtained from IBP and ANP and (iii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the liquid bulk storage industry was obtained from ABTL. Unless otherwise specified, all macroeconomic data are obtained from IBGE, FGV and the Central Bank. Although we do not have any reason to believe any of this information is inaccurate in any material respect, we have not independently verified any such information. </span></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify;"><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Financial information in U.S. Dollars</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Solely for the convenience of the reader, we have translated some amounts included in this annual report from </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Reais</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> into U.S. dollars using the commercial selling rate as reported by the Central Bank on December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2024,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> of R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6.19</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to US$1.00. These translations should not be considered representations that any such amounts have been, could have been or could be converted into U.S. dollars at that or at any other exchange rate. Such translations should not be construed as representations that the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Real</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> amounts represent or have been or could be converted into U.S. dollars as of that or any other date.</span></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Non-GAAP financial measures</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">This annual report presents our Gross and Net Debt, which are non-GAAP financial measures. A non-GAAP financial measure is generally defined as one that purports to measure financial performance but excludes or includes amounts that would not be so adjusted in the most comparable GAAP measure.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We calculate Gross Debt as loans, financing and derivative financial instruments plus debentures. We calculate Net Debt as the sum of Gross Debt </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">plus</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> leases payable </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">minus</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> cash, cash equivalents, financial investments and derivative financial instruments. Our calculations of Gross and Net Debt may differ from the calculations of similarly titled measures used by other companies.</span></p>
<p style="margin: 10pt 0pt; text-indent: 24.5pt; text-align: justify;">Our management believes that disclosure of Gross and Net Debt is useful to potential investors as it helps to give them a clearer understanding of our financial liquidity. However, Gross and Net Debt are not measures under IFRS and should not be considered as a substitute for measures of indebtedness determined in accordance with IFRS. For a reconciliation of Gross and Net Debt to the most directly comparable IFRS measure, see &#8220;Item 4.B. Information on the Company&#8212;Business overview&#8212;Key financial information.&#8221;</p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>7</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: center; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">FORWARD-LOOKING STATEMENTS </span></p>
<p style="margin: 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">This annual report contains forward-looking statements within the meaning of Section</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">27A of the Securities Act subject to risks and uncertainties, including our estimates, plans, forecasts and expectations regarding future events, strategies and projections. We may also make written or oral forward-looking statements in our annual report to shareholders, in our offering circulars and prospectuses, in press releases and other written materials and in oral statements made by our officers, directors or employees. Forward-looking statements speak only as of the date they were made, and we undertake no obligation to update publicly or revise any forward-looking statements after we distribute this annual report because of new information, future events and other factors. Words such as &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;may,&#8221; &#8220;will,&#8221; &#8220;plan,&#8221; &#8220;strategy,&#8221; &#8220;prospect,&#8221; &#8220;foresee,&#8221; &#8220;estimate,&#8221; &#8220;project,&#8221; &#8220;outlook,&#8221; &#8220;anticipate,&#8221; &#8220;can,&#8221; &#8220;intend&#8221; and similar words are intended to identify forward-looking statements. We have made forward-looking statements with respect to, among other things, our: </span></p>
<ul>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Strategy for marketing and operational expansion; </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Capital expenditures forecasts; and </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Development of additional sources of revenue. </span></li> </ul>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The risks and uncertainties described above include, but are not limited to: </span></p>
<ul>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">General business, economic and political conditions, including the price of crude oil and other commodities, refining margins and prevailing foreign exchange rates and the effect of such conditions on the economy of Brazil;</span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The political environment in Brazil;</span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Risks beyond our control, including geopolitical crises, natural disasters, epidemics or pandemics, cyber-attacks, acts of terrorism or other catastrophic events, including the economic, financial and business impacts of such events;</span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Uncertainty regarding the ongoing hostility between Russia and Ukraine, challenges related to the conflict between Israel and Hamas, and the related impact on global macroeconomic conditions as a result of such conflicts;</span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Competition; </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ability to deliver products on a timely basis; </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ability to anticipate trends in the LPG, fuels and logistics sectors, including changes in capacity and industry price movements; </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Changes in official regulations; </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Receipt of official authorizations and licenses; </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Political, economic and social events in Brazil and the other countries in which we have operations; </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Access to sources of financing and our level of indebtedness; </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ability to integrate acquisitions; </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Regulatory issues relating to acquisitions; </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Instability and volatility in the financial markets;</span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Climate changes;</span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Availability of tax benefits; </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Outcome of current or future lawsuits; and </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Other factors contained in this annual report under &#8220;Item</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3.D. Key information&#8212;Risk factors.&#8221; </span></li> </ul>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Statements regarding the declaration or payment of dividends, the implementation of operating and financing strategies, capital expenditure plans, the direction of future operations and the factors or trends affecting the financial condition, liquidity or results of operations are examples of forward-looking statements. Forward-looking statements involve risks and uncertainties and are not a guarantee of future results. Considering the risks and uncertainties described above, the forward-looking events and circumstances discussed in this annual report might not occur and our future results may differ materially from those expressed in or suggested by these forward-looking statements.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br/></span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>8</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div>
<div style="line-height: 1.2; margin: 0pt; text-indent: 0pt;">
<div style="margin: 10pt 0pt 0pt; break-after: avoid; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bdn1_1632025102142145" class="customBookmark"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">PART I </span></a></div>
<p style="margin: 0pt; page-break-after: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p>
<div style="margin: 1pt 0pt 0pt; break-after: avoid; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bdn2_1632025102157666" class="customBookmark"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">ITEM</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">1.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS</span></a></div>
<p style="margin: 10pt 0pt 0pt; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Not applicable. </span></p>
<div style="margin: 10pt 0pt 0pt; break-after: avoid; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bdn3_1632025102213214" class="customBookmark"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">ITEM</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">2.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">OFFER STATISTICS AND EXPECTED TIMETABLE </span></a></div>
<p style="margin: 10pt 0pt; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Not applicable.</span></p>
<div style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bdn4_1632025102241401" class="customBookmark"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">ITEM</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">3.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">KEY INFORMATION </span></a></div>
<ol style="margin: 0pt; padding-left: 0pt; list-style-type: upper-alpha;">
<li style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: 1.2; margin: 10pt 0pt 0pt 12.72pt; padding-left: 10.03pt; page-break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">[Reserved] </span></li> </ol>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">B.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit; margin-left: 15px;">Capitalization and indebtedness</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Not applicable. </span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">C.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit; margin-left: 16px;">Reasons for the offer and use of proceeds </span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Not applicable.</span></p> </div>
<div style="line-height: 1.2;">
<p style="margin: 10pt 0pt 0pt 24.4pt; text-align: justify; text-indent: -24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">D.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit; margin-left: 19px;">Risk factors </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Investing in our shares and ADSs involves a high degree of risk. Potential investors should carefully consider the risks described below and the other information contained in this annual report when evaluating an investment in our shares or ADSs. Our businesses, results of operations, cash flow, liquidity and financial condition could be materially harmed if any of these risks materializes and, as a result, the trading price of the shares or the ADSs could decline and investors could lose a substantial part or even all their investment.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">We have included information in these risk factors concerning Brazil based on information that is publicly available. Other risks that we do not presently know about or deem as immaterial could also cause adverse effects on our businesses, operations, financial condition and results of operations.</span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>9</span></span></td> </tr> </tbody> </table>
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<p style="margin: 10pt 0pt 10pt 24.5pt; break-after: avoid; text-align: justify; text-indent: -24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Summary of risk </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">f</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">actors </span></p>
<p style="margin: 0pt 0pt 6pt 24.5pt; page-break-after: avoid; text-align: justify; text-indent: -24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Risks relating to Ultrapar and its industries</span></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Petrobras is the main supplier of LPG and oil-based fuels in Brazil. Fuel and LPG distributors in Brazil, including Ipiranga and Ultragaz, have formal contracts with Petrobras for the supply of oil-derivatives. Any material delay or interruption in the supply of LPG or oil-based fuels from Petrobras would immediately affect Ultragaz&#8217;s or Ipiranga&#8217;s ability to provide LPG and oil-based fuels to their customers. In addition, Petrobras&#8217; current pricing policy</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">may have an adverse effect in our businesses;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Intense competition is generally inherent to distribution markets, including the LPG and the fuel distribution markets, and may affect our operating margins. LPG and oil-based fuels also compete with alternative sources of energy and are expected to compete with alternative sources of energy that may be developed in the future, which may adversely affect the markets in which we operate;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Anticompetitive practices in the fuel distribution sector may distort market prices; </span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Our businesses would be materially adversely affected if operations at our transportation and distribution facilities experienced significant events outside of our control;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">We may be adversely affected by changes to specific laws and regulations in our operating sectors;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Any change in our senior management and any difficulty in retaining, attracting and replacing qualified personnel could affect our ability to grow and could have an adverse effect on our activities, financial condition and results of operations;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Our level of indebtedness may require us to use a significant portion of our cash flow to service such indebtedness;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Higher LPG, fuels and other raw material costs could increase cost of products sold and decrease gross margin, adversely affecting our total operating result. Our exposure to cost volatility and other events related to these products could have a material adverse effect on our businesses, financial condition, and results of operations;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Our businesses may be materially and adversely affected by the outbreak of communicable diseases, other epidemics or pandemics;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">We are subject to extensive federal and state legislation and regulation by governmental agencies responsible for implementing environmental and health laws and policies in Brazil;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Our businesses, financial condition and results of operations may be materially and adversely affected by a general economic downturn and by instability and volatility in the financial markets, including as a result of the conflict between Ukraine and Russia and the conflict involving Hamas and Israel;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Our insurance coverage may be insufficient to cover losses that we might incur;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">The taxation system in Brazil</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">is undergoing significant changes following the approval of the tax reform, which may result in material changes in taxation of our products and services, potentially affecting our results of operations and financial condition</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">The suspension, cancellation or non-renewal of certain tax benefits may adversely affect our results of operations;</span></li> </ul>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>10</span></span></td> </tr> </tbody> </table>
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<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">No single shareholder or group of shareholders holds more than 50% of our capital stock, which may increase the opportunity for alliances between shareholders and other events that may occur as a result thereof;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">As a result of acquisitions, Ultrapar has assumed and may assume in the future certain liabilities related to the businesses acquired or to be acquired. Additionally, Ultrapar has assumed and may assume certain risks associated with acquisitions and divestments, including regulatory risks;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">The founding family and part of our senior management, through their ownership interest in Ultra S.A. and Parth, own a significant portion of our shares and may influence the management, direction and policies of Ultrapar, including the outcome of any matter submitted to the vote of shareholders;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Our status as a holding company may limit our ability to pay dividends on the shares and consequently, on the ADSs;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Failure to comply with, obtain or renew the licenses and permits required for each of the sectors in which we operate may have a material adverse effect on us; </span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Our governance and compliance processes may fail to prevent regulatory penalties and reputational harm; </span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Information technology failures, including those that affect the privacy and security of personal data, as a result of cyber-attacks or other causes, could adversely affect our businesses and the market price of our shares and ADSs; and</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">The production, storage and transportation (including by navigation activities) of commercial goods, including fuels, LPG, chemicals, corrosives and other liquid or gaseous bulk products are inherently hazardous.</span></li> </ul>
<p style="margin: 10pt 0pt 0pt 24.5pt; break-after: avoid; text-align: justify; text-indent: -24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Risks relating to Brazil</span></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">The Brazilian government has exercised, and continues to exercise, significant influence over the Brazilian economy. Brazilian political and economic conditions, including ongoing political instability and perceptions of these conditions in the international markets, could adversely affect our businesses and the market price of our shares and ADSs</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">; </span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Inflation and certain governmental measures to curb inflation may contribute significantly to economic uncertainty in Brazil and could harm our businesses and the market value of the ADSs and our shares;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Exchange rate instability may adversely affect our financial condition, results of operations and the market price of the ADSs and our shares</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Economic and market conditions in other countries, including in the United States and emerging market countries, may materially and adversely affect the Brazilian economy and, therefore, our financial condition and the market price of the shares and ADSs</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Holders of our ADSs may face difficulties in serving process on or enforcing judgments against us and other relevant persons</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Due to concerns about the risks of climate change, a number of countries, including Brazil, have adopted or are considering adopting regulatory frameworks which could adversely affect our businesses, financial condition and results of operations;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">We may be adversely affected by the imposition and enforcement of more stringent environmental laws and regulations, including as a result of rising climate change concerns, that may result in increased costs of operation and compliance, as well as a decrease in demand for our products</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"> and</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Floods, storms, windstorms, rise in sea levels and other climate change events could bring harm to our facilities, thus affecting our financial position and results of our operations. </span></li> </ul>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>11</span></span></td> </tr> </tbody> </table>
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<p style="margin: 10pt 0pt 0pt 24.5pt; page-break-after: avoid; text-align: justify; text-indent: -24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Risks relating to our common shares and ADSs</span></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Asserting limited voting rights as a holder of ADSs may prove more difficult than for holders of our common shares</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Holders of our shares or ADSs may not receive dividends</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Holders of our shares may be unable to exercise preemptive rights with respect to the shares</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">If shareholders exchange ADSs for shares, they may lose certain foreign currency remittance and Brazilian tax advantages</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Changes in Brazilian tax laws may have an adverse impact on the taxes applicable to a disposition of our ADSs;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Substantial sales of our shares or our ADSs could cause the price of our shares or our ADSs to decrease; and</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 10pt 0pt 10pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">There may be adverse U.S. federal income tax consequences to U.S. holders if we are or become a PFIC under the Code.</span></li> </ul>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Risks relating to Ultrapar and its industries</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Petrobras is the main supplier of LPG and oil-based fuels in Brazil. Fuel and LPG distributors in Brazil, including Ipiranga and Ultragaz, have formal contracts with Petrobras for the supply of oil-derivatives. Any material delay or interruption in the supply of LPG or oil-based fuels from Petrobras would immediately affect Ultragaz&#8217;s or Ipiranga&#8217;s ability to provide LPG and oil-based fuels to their customers. In addition, Petrobras&#8217; current pricing policy may have an adverse effect in our businesses. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Prior to 1995, Petrobras held a constitutional monopoly for producing and importing petroleum products in Brazil. Although this constitutional monopoly was formally terminated pursuant to an amendment to the Brazilian constitution enacted in 1995, Petrobras effectively remains the main provider of LPG and oil-based fuels in Brazil. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2024, 83% of all the LPG purchased by Ultragaz was supplied by Petrobras. With respect to fuel distribution, Petrobras also supplied the majority of Ipiranga and other distributors&#8217; oil-based fuel requirements in 2024, supplying </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">85</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% of all diesel and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">83% </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of all gasoline in the market, according to ANP data. </span></p> </div>
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<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Significant interruptions or delays of LPG and oil-based fuel supply from Petrobras could occur in the future. Any interruption in the supply of LPG or oil-based fuels from Petrobras would immediately affect Ultragaz or Ipiranga&#8217;s respective ability to provide LPG or oil-based fuels to its customers, and material delays in the supply could also impact our operations. </span></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Additionally, Petrobras announced in 2021 that it would cease to guarantee the supply of fuels to the Brazilian market and informed distributors that a portion of their fuel purchase orders would not be fully met. As a result, fuel distribution companies, including Ipiranga, have been required to purchase part of their fuels needs from other local refineries or in the international market. </span></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In May 2023, Petrobras announced a new commercial strategy for setting diesel and gasoline prices, thus replacing its pricing policy in which the import parity prices were the sole reference for selling fuels to distributors in the Brazilian market. The new pricing model not only considers the international market dynamics, but also takes into account national pricing references such as the customer alternative cost and the marginal value for Petrobras. If the prices at which these products are imported or bought from other companies are materially different from those charged by Petrobras, the fuel market supply dynamics could be materially affected, thus, our operating margins, market share, financial condition and results of our operations may be adversely affected. Moreover, if we are not able to obtain an adequate volume of LPG or oil-based fuels at competitive prices or pass on the increase in costs to our customers, our operating margins, market share, financial condition and results of our operations may be adversely affected.</span></p> </div>
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<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Intense competition is generally inherent to distribution markets, including the LPG and the fuel distribution markets, and may affect our operating margins. LPG and oil-based fuels also compete with alternative sources of energy and are expected to compete with alternative sources of energy that may be developed in the future, which may adversely affect the markets in which we operate.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The Brazilian LPG market is very competitive in all segments &#8212; residential, commercial, and industrial. Intense competition in the LPG distribution market could lead to lower sales volumes, lower selling prices and increased marketing expenses, which may have a material adverse effect on our operating margins. See &#8220;Item</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4.B. Information on the Company&#8212;Business overview&#8212;&#8212;Industry and regulatory overview&#8212;A. Distribution of LPG&#8212;Ultragaz&#8212;Competition.&#8221;</span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>12</span></span></td> </tr> </tbody> </table>
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<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">LPG competes with alternative sources of energy, such as natural gas, wood, diesel, fuel oil and electricity. Natural gas is currently the main source of energy that we compete with, mainly for large industrial consumers. Changes in relative prices, investments in the natural gas infrastructure grid or the development of alternative sources of energy in the future may adversely affect the LPG market and consequently our business, financial results, and results of operations. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The Brazilian fuel distribution market is highly competitive as well, in both retail and wholesale segments, with companies with significant resources participating in it. Furthermore, small, local and regional distributors have increased their market share in recent years. Intense competition in the fuel distribution market could lead to lower sales volumes, lower selling prices and increased marketing expenses, which may have a material adverse effect on our operating margins. See &#8220;Item</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4.B. Information on the Company&#8212;Business overview&#8212;Industry and regulatory overview&#8212;C. Fuel distribution&#8212;Ipiranga&#8212;Competition.&#8221;</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Moreover, oil-based fuels face competition from a variety of renewable alternatives, such as biofuels and electric vehicles. The share of renewable energy sources in the global energy matrix is steadily increasing and a growing number of countries, including Brazil, are discussing and adopting public policies to encourage the marketing of these alternative sources of energy. We are unable to foresee the timing and pace or even which renewable sources of energy will be developed or adopted, and may not be able to timely adapt our business model or remain competitive with them, which could impact our financial condition and results of operations.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Anticompetitive practices in the fuel distribution sector may distort market prices. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Anticompetitive practices have been one of the main problems affecting fuel distributors in Brazil, including Ipiranga. Generally, these practices have involved a combination of tax evasion, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">special tax regime</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and fuel adulteration, such as the dilution of gasoline by mixing solvents, adding anhydrous ethanol in an amount greater than that permitted by applicable law, or adding biodiesel in an amount smaller than that required by applicable law.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">There is also a large number of distributors who fail to meet RenovaBio targets and do not purchase </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">mandatory</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">decarbonization </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">credits annually.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Taxes constitute a significant portion of the cost of fuels sold in Brazil. For this reason, tax evasion by some fuel distributors has been prevalent, allowing them to (i) reduce the prices they charge compared to large distributors, such as Ipiranga, or (ii) obtain higher profit margins and/or better financial results. As the final prices for the products sold by distributors, including Ipiranga, are calculated based on, among other factors, the amount of taxes levied on the purchase and sale of these fuels, anticompetitive practices such as tax evasion may reduce Ipiranga&#8217;s sales volume and could have a material adverse effect on our operating margins. Should there be any increase in the taxes levied on fuels, tax evasion may increase, resulting in a greater distortion of the prices of fuels sold and further adversely affecting our results of operations. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Furthermore, the fuel distribution sector has been under scrutiny by Brazilian authorities, including CADE and public prosecutors, as there have been allegations of cartels involving price arrangements and certain other antitrust practices within the sector. The outcome of these ongoing investigations and administrative and judicial proceedings may have an adverse impact on the Company&#8217;s businesses and results. For example, in 2024, Ipiranga obtained an administrative decision, not yet final, dismissing an administrative proceeding initiated by CADE, which is classified by outside legal counsel as having a remote risk of loss.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Additionally, the Company is actively involved in two judicial processes aiming to annul fines imposed by CADE in the administrative sphere.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Our businesses would be materially adversely affected if operations at our transportation and distribution facilities experienced significant events outside of our control.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The distribution of LPG and fuels is subject to inherent risks, including interruptions or disturbances in the distribution system which may be caused by accidents or force majeure events. Our operations are dependent upon the uninterrupted operation of our terminals, storage and distribution facilities and various means of transportation. We are also dependent upon the uninterrupted operation of certain facilities owned or operated by our suppliers. Operations at our facilities and at the facilities owned or operated by our suppliers could be partially or completely shut down, temporarily or permanently, as the result of any number of circumstances that are not within our control, such as: </span></p>
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<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Catastrophic events, including hurricanes and floods;</span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: 1.2;">Social and economic conflicts, terrorist events and wars, such as the ongoing conflict between Russia and Ukraine and the conflict involving Hamas and Israel;</span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Epidemics and pandemics; </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: 1.2;">Environmental matters (including environmental licensing processes or environmental incidents, contamination, and others); </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Labor difficulties (including work stoppages, strikes and other events); and </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Disruptions in our means of transportation, including opposition from social or labor movements (such as strikes) or blockades of key transportation routes or facilities, affecting the supply of our products.</span></li> </ul>
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<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Any significant interruption at these facilities or inability to transport products to or from these facilities or to our customers for any reason could subject us to liability in judicial, administrative, or other proceedings, including for disruptions caused by events outside of our control, which could materially affect our businesses and results. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our businesses are also subject to stoppages and blockades of highways and other public road</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">s</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We also face risks from infrastructure deficits in Brazil, which may increase costs and the likelihood of interruptions in our operations.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">We may be adversely affected by changes to specific laws and regulations in our operating sectors.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We are subject to extensive federal, state and local legislation and regulation by government agencies and sector associations in the industries we operate. Rules related to quality of products, product storage, staff working hours, among others, may become more stringent or be amended overtime, and require new investments or the increase in expenses so our operations are in compliance with the applicable rules. Changes in specific laws and regulations in the sectors we operate may adversely affect the conditions under which we operate in ways that could have a materially negative effect on our businesses and our results. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Any change in our senior management and any difficulty in retaining, attracting and replacing qualified personnel could affect our ability to grow and could have an adverse effect on our activities, financial condition and results of operations.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our success depends, in part, on the efforts and skills of our senior management and key personnel. The loss or failure to retain one or more of our key personnel could adversely affect our businesses. Our success also depends, in part, on our continuous ability to identify, hire, attract, train, develop and retain other highly qualified employees. Competition for these employees can be intense and we may not be able to attract and retain them. If we are unable to attract or retain qualified professionals to manage and expand our operations, we may not be able to conduct our businesses and, as a result, our operating and financial results may be adversely affected. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Our level of indebtedness may require us to use a significant portion of our cash flow to service such indebtedness. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, 2024, our consolidated Gross Debt was R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4,302</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.1</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million and our net cash provided by operating activities totaled R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,735.6</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million. The level and composition of our indebtedness could have significant consequences for us, including requiring a portion of our cash flow from operations to be committed to the payment of principal and interest on our indebtedness, thereby reducing the available cash to finance our working capital and investment in growth opportunities. In addition, any increase in our level of indebtedness or leverage could negatively impact our credit rating, making it more difficult to refinance our indebtedness in the future.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Higher LPG, fuels and other raw material costs could increase cost of products sold and decrease gross margin, adversely affecting our total operating result. Our exposure to cost volatility and other events related to these products could have a material adverse effect on our businesses, financial condition, and results of operations. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">LPG, fuels and the main raw materials used in the distribution of our main products are subject to substantial price fluctuations. Such fluctuations could have a material adverse effect on our businesses, financial condition, and results of operations. The prices of LPG, fuels and other raw materials are influenced by several factors over which we have little or no control, including, but not limited to weather, agricultural production, international and national political and economic conditions, transportation and processing costs, regulations and government policies, and the relationship between world supply and demand. In addition, we may not be able to pass through to our customers, in due course, increases in LPG, fuels and other raw material costs and other operating costs related to the distribution of our products, which could decrease our profit margin and cause a material adverse effect in our activities, financial condition, and operating results.</span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>14</span></span></td> </tr> </tbody> </table>
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<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Our businesses may be materially and adversely affected by the outbreak of communicable diseases, other epidemics or pandemics. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Historically, some regional or global epidemics and outbreaks, such as the one caused by the Zika virus, the one caused by the Ebola virus, the H5N5 virus (popularly known as avian flu), the foot-and-mouth disease, the H1N1 virus (influenza A, popularly known as swine flu), the Middle East Respiratory Syndrome (MERS), the Severe Acute Respiratory Syndrome (SARS) and the coronavirus </span><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(COVID-19) </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">have affected certain sectors of the economy in countries where these diseases have spread. Policies designed to prevent or delay the spread of such communicable diseases, such as the restriction on circulation of people and/or the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">operations of certain sectors of the economy, might negatively affect business and economic sentiment, causing significant volatility in global capital and commodity markets and thus affecting the outlook of the economy of Brazil and other countries, directly impacting our businesses, operations and financial condition. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A global pandemic can also precipitate or exacerbate the other risks described in this annual report, which in turn could further materially and adversely affect our businesses, financial condition, results of operations, cash flows, prospects and the market price of our securities, including in ways not currently known or considered by us to present material risks.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">We are subject to extensive federal and state legislation and regulation by governmental agencies responsible for implementing environmental and health laws and policies in Brazil. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our subsidiaries must obtain permits for its industrial facilities from the appropriate environmental agencies, which may create additional regulations for our operations by prescribing specific environmental standards in their operating licenses. This includes compliance with environmental laws concerning protected areas, licensing, and the interface with indigenous or quilombola territories, which are becoming increasingly stringent and more strictly enforced.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Changes in these laws and regulations, or in their enforcement, may adversely affect the Company by increasing its compliance and operating costs. Furthermore, additional new laws and regulations, as well as more stringent interpretation of existing laws and regulations, may require additional investments for the Company to maintain its operations in compliance with legislation, which could increase costs and adversely affect results. Stricter regulations related to the handling and transport of dangerous products, diesel, oil, and other flammable materials could also result in increased compliance costs.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In addition to regulatory issues, our environmental risks are mainly related to the use of natural </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">resources</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the generation and disposal of waste, the emissions of greenhouse gases and the contamination of soil and water. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Through</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> our participation in</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Hidrovias</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> additional</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> environmental risks include the handling of toxic waste, spills, and discharges from maintenance and service facilities on rivers and from other logistical operations, which could lead to environmental damage and potential financial sanctions, suspension of activities, or criminal liability.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In our operations, water is mainly consumed in emergencies involving fires. Our operations also generate waste, such as contaminated waste, civil construction waste, and others. Finally, soil and water contamination can occur due to leaks from products stored and transported by our businesses.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Through </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">our participation in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Hidrovias, b</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">reaches of environmental laws related to spills and discharges could result in significant costs that are difficult to estimate, along with reputational and image damage. The occurrence of such events could result in fines, loss of operating licenses and reputational harm, consequently affecting our results and financial position. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Our businesses, financial condition and results of operations may be materially and adversely affected by a general economic downturn and by instability and volatility in the financial markets, including as a result of the conflict between Ukraine and Russia and the conflict involving Hamas and Israel.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The turmoil of the global financial markets and the scarcity of credit in the past led to lack of consumer confidence, increased market volatility and widespread reduction of business activity. An economic downturn could materially and adversely affect the liquidity, businesses and/or financial conditions of our customers, which could in turn result in decreased demand for our products, increased delinquencies in our accounts receivable and limited liquidity of our shares and ADSs.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Global markets have recently experienced volatility and disruption following the escalation of geopolitical tensions, the start of a military conflict between Russia and Ukraine and the armed conflict involving Hamas and Israel. Any hostilities, terrorist activities, political instability or violence as a result of these conflicts could lead to market disruptions, sanctions and volatility, which, depending on the scale the conflicts take, could adversely affect our businesses and results of operations.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Moreover, an eventual new global financial crisis could have a negative impact on our cost of borrowing and on our ability to obtain future borrowings. The disruptions in the financial markets could also lead to a reduction in available trade credit, due to counterparties&#8217; liquidity concerns. If we experience a decrease in demand for our products or an increase in delinquencies in our accounts receivable, or if we are unable to obtain borrowings our businesses, financial condition and results of operations could be materially adversely affected.</span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>15</span></span></td> </tr> </tbody> </table>
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<p style="text-align: justify; text-indent: 24.5pt; margin: 10pt 0pt 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Our insurance coverage may be insufficient to cover losses that we might incur.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The specialized distribution and retail, as well as the operations of logistics of oil, LPG and fuels involve substantial risks of property damage and personal injury and may result in material costs and liabilities. Although we maintain insurance policies, the occurrence of losses or other liabilities that are not covered by insurance or that exceed the limits of our insurance coverage could result in significant unexpected additional costs.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In addition, there are certain types of risks </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">related to the business of</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Hidrovias, such as natural disasters, accidents, thefts, or other unforeseen events (e.g., drying of rivers, silting, war, acts of terrorism, and force majeure), that may not be adequately covered by our insurance policies. If such events occur, we may incur significant additional costs to restore or replace affected assets or to address the impacts on our operations. Additionally, if the frequency and severity of accidents, loss or damage to cargo, or indemnities to workers and third parties increase, we may face higher insurance premiums and, in some cases, difficulty in renewing or obtaining the necessary insurance coverage, which could adversely affect our operations.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">The taxation system in Brazil </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">is undergoing </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">significant changes</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> following the approval of the tax reform</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> which may </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">result </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">in</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">material changes in taxation of our products and services</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">, potentially </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">affect</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">ing</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> our results of operations and financial condition.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Taxation in Brazil </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">remains</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">complex, with </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">numerous</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> regulations, exemptions, and amendments, that make it challenging for businesses to navigate and anticipate their tax obligations. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">While the approved</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> tax reform is expected to</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> simplify the</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> system </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> introduce</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> long-term benefits</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> it</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> also presents risks during its phased implementation</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> a</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">nd transition period (</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2026</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> - 2032</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> as the taxpayers</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> are required to be compliant both with the current legislation and taxes are being</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> introduced</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Additionally,</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the reform consolidates and modifies existing federal, state, and municipal tax regimes and structures, it introduces uncertainties that may significantly impact our operations </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and results</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. These uncertainties arise from the need to adapt to a dual VAT system, which includes the</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Federal</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Contribution on Goods and Services (CBS) and the</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> States and Municipali</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ties</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Tax on Goods and Services (IBS), as well as </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">an Excise</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Tax applied to specific products such as fossil fuels</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, or other products that are </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">deemed to harm the environment and the public health</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The reform </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">is expected to affect </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">fuels and LPG. Any increase in tax rates could </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">raise </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the cost of goods sold, thereby reducing profitability if we could not timely pass these adjustments on to consumers. On the other hand, a decrease in tax rates might positively impact margins, but could also lead to intensified competition as other market players might adjust their own pricing strategies. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We also expect significant resources and time would be required to ensure compliance with the new tax regulations, thus increasing compliance costs arising from the need for additional staff training, IT system updates, and engagement with tax advisors. Failure to comply with the revised tax regulations could also result in penalties, fines, or legal actions, further impacting our financial condition.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On top of this tax reform, there is also a new bill of law proposed by the current administration which provides for the taxation of dividends distributed to individuals domiciled in Brazil and remitted to non-residents. The dividends are currently exempt, and the bill proposes an imposition of a withholding tax up to 10% over the gross amount of dividends paid. There is limited visibility on whether the Congress will approve this bill, but if approved it would be applicable as of 2026 and could potentially impact the returns of an investment in a Brazilian entity such as us.&#160;&#160;&#160; </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">The suspension, cancellation or non-renewal of certain tax benefits may adversely affect our results of operations. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of the date of this annual report</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, we are entitled to tax benefits providing for income tax reduction for our activities in the Northeast region of Brazil, subject to certain conditions. Conversely, if the corresponding tax authorities understand that we have not complied with any of the tax benefit requirements or if the current tax programs from which we benefit are modified, suspended, canceled, not renewed or renewed under terms that are substantially less favorable than expected, we may become liable for the payment of related taxes at the full tax rates and our results of operations may be adversely affected. Income tax exemptions amounted to R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">94</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million, R$109.0 </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million and R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">93.4 </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> for the years ended December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, 2024, 2023 and 2022, respectively. See &#8220;Item 4.B. Information on the Company&#8212;Business overview&#8212;Industry and regulatory overview&#8212;A. Distribution of LPG&#8212;Ultragaz&#8212;Income tax exemption status&#8221; and &#8220;Item 4.B. Information on the Company&#8212;Business overview&#8212;Industry and regulatory overview&#8212;B. Storage services for liquid bulk &#8212;Ultracargo&#8212;Income tax exemption status.&#8221;</span><span style="font-family: 'Times New Roman'; font-size: 12pt; text-indent: 24.5pt;">&#160;</span></p> </div>
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<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">No single shareholder or group of shareholders holds more than 50% of our capital stock, which may increase the opportunity for alliances between shareholders and other events that may occur as a result thereof. </span></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In the event a controlling group is formed and decides to exercise its influence over our Company, we may be subject to unexpected changes in our corporate governance and strategies, including the replacement of key executive officers and board members. Any unexpected change in our management team, business policy or strategy, any dispute between our shareholders, or any attempt to acquire control of our Company may have an adverse impact on us.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> The term of office of our current Board of Directors, the members of which were elected at the Annual and Extraordinary General Shareholders&#8217; Meeting held on April</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, 202</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, will expire in the Annual General Shareholders&#8217; Meeting to be held in 202</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">7</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Consequently, a new composition of the Board of Directors might be elected by our shareholders.</span></p>
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<p style="margin: 10pt 0pt 5pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">As a result of acquisitions, Ultrapar has assumed and may assume in the future certain liabilities related to the businesses acquired or to be acquired. Additionally, Ultrapar has assumed and may assume certain risks associated with acquisitions and divestments, including regulatory risks. </span></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar is subject to risks relating to acquisitions and divestments that it enters into from time to time. Such risks include the assumption of liabilities of an acquired business or a refusal by the relevant regulatory bodies, including CADE, to approve a relevant transaction. </span></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar may acquire new businesses in the future and, as a result, it may be subject to additional liabilities, obligations and risks. See &#8220;Item 4.A. Information on the Company&#8212;History and development of the Company&#8221; for more information in connection with these acquisitions. These liabilities may cause Ultrapar to be required to make payments (including indemnifications and payments in respect of future claims in judicial and arbitral proceedings), incur charges or take other actions that may adversely affect our financial position, results of operations and the price of our shares.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For example, the sale of Oxiteno to Indorama was closed on April 1, 2022, and the sale of Extrafarma to Pague Menos was closed on August 1, 2022. Thus, these two companies ceased to be consolidated as subsidiaries of Ultrapar, and we no longer control their management or operations. However, under the applicable sale agreements, we will remain liable for certain previously existing financial obligations, legal liabilities or other known and unknown contingent liabilities or risks associated with Oxiteno and Extrafarma that may, if materialized, adversely affect our businesses, operations and/or results.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Additionally, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">during</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> 2024, Ultrapar Log&#237;stica acquired</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">relevant</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> equity stake in Hidrovias and, as of December 31, 2024, Ultrapar held a total stake of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">41</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">94</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% in Hidrovias. For more information, see &#8220;Item 4.A. Information on the Company&#8212;History and development of the Company&#8212;Recent developments.&#8221;</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our management is unable to predict whether and when any new acquisitions or strategic alliances will occur or the likelihood that any particular transaction will be completed on favorable terms and conditions. Our ability to expand our business through acquisitions or alliances depends on many factors, including its ability to identify acquisition opportunities or access capital markets on acceptable terms. Even if we are able to identify opportunities and obtain the resources necessary to do so, financing these acquisitions could result in an overcommitment on our part. Acquisitions, particularly those involving sizeable enterprises, may bring managerial and operational challenges, including the diversion of management&#8217;s attention from existing operations and difficulties in integrating operations and personnel. Any material failure by us in integrating new businesses or in managing any new alliances may adversely affect our business and financial performance. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">The founding family and part of our senior management, through their ownership interest in Ultra S.A. and Parth, own a significant portion of our shares and may influence the management, direction and policies of Ultrapar, including the outcome of any matter submitted to the vote of shareholders. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Although there is no controlling shareholder of Ultrapar, the founding family and part of our senior management, through their ownership interest in Ultra S.A. and Parth, beneficially own a significative portion of our outstanding common stock. On August 18, 2020, Ultra S.A. and Parth entered into the 2020 Shareholders&#8217; Agreement to include P&#225;tria in its capacity as Ultra S.A.&#8217;s shareholder then holding a 20% stake in Ultra S.A.&#8217;s capital stock. Mr. Marcos Marinho Lutz, Chairman of the Board of Directors of Ultrapar</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> is</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a shareholder of Ultra S.A., holding 2.4% of its capital stock, and also consenting intervening party of the 2020 Shareholders&#8217; Agreement. A total of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">35.6% </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of the Company&#8217;s capital stock is bound by the 2020 Shareholder&#8217;s Agreement as of December 31, 2024. Accordingly, these shareholders, acting together through Ultra S.A. and Parth, may exercise significant influence over all matters requiring shareholder approval, including the election of our directors. See &#8220;Item 4.A. Information on the Company&#8212;History and development of the Company&#8221;, &#8220;Item 7.A. Major shareholders and related party transactions&#8212;Major shareholders&#8212;Shareholders&#8217; Agreements&#8221; and &#8220;Exhibit 2.9&#8212;Shareholders&#8217; Agreement dated August 18, 2020.&#8221; </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Our status as a holding company may limit our ability to pay dividends on the shares and consequently, on the ADSs. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As a holding company, we have no significant operating assets other than the ownership of shares of our subsidiaries. Substantially all of our operating income comes from our subsidiaries, and therefore we depend on the distribution of dividends or interest on shareholders&#8217; equity from our subsidiaries. Consequently, our ability to pay dividends depends solely upon our dividends and other cash flows from our subsidiaries.</span></p>
<p style="text-align: justify; text-indent: 24.5pt; margin: 10pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Failure to comply with, obtain or renew the licenses and permits required for each of the sectors in which we operate may have a material adverse effect on us.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The Company&#8217;s subsidiaries are in a constant process of obtaining or renewing the required permits to operate. Our subsidiaries must obtain and maintain such licenses and permits from different public bodies for the continuity of their activities. If the Company&#8217;s subsidiaries are unable to obtain or renew all licenses and permits necessary to conduct their businesses and operations, the absence of such licenses could materially and adversely affect the Company&#8217;s businesses, financial condition, and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">results of operations.</span></p>
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<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Among the necessary requirements to obtain licenses, there is the mandatory regularization of the areas in which our subsidiaries&#8217; facilities are located. In the event any of our subsidiaries&#8217; facilities were built without the required authorization of the competent local authority, or not in accordance with the respective approvals, we would face adverse consequences and risks which may adversely affect us, including failure or delays to receive any further operating licenses, fines, closures or the need to demolish any construction deemed not properly authorized, this leading to losses in connection with our investments.</span><span style="font-family: 'Times New Roman'; font-size: 12pt; text-indent: 24.5pt;">&#160;</span></p>
<p style="margin: 10pt 0pt 0pt; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; text-indent: 24.4pt;">Our governance and compliance processes may fail to prevent regulatory penalties and </span>reputational<span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; text-indent: 24.4pt;"> harm.</span></p> </div>
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<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our governance and compliance processes, which include reviewing internal controls over financial reporting, may not prevent future violations of applicable legal, anti-corruption, antitrust and conflicts of interest laws and regulations, accounting or governance standards. We may be subject to legal and regulatory violations and to breaches of our Code of Ethics, anti-corruption policies and commercial conduct protocols, and to instances of fraudulent behavior, corrupt, anticompetitive and unethical practices and dishonesty by our employees, contractors or other agents. In the recent past, anticompetitive practices have been one of the main problems affecting fuels and LPG distributors in Brazil, including Ipiranga and Ultragaz. There are allegations of cartels involved in price fixing in the fuel distribution and LPG sectors, and CADE has been targeting players of these sectors in different regions of Brazil. CADE has been actively investigating these sectors and a negative outcome of the ongoing investigations, administrative proceedings and lawsuits could have a material adverse effect on Ipiranga and Ultragaz. Our failure to comply with applicable laws and other standards could subject us to, among others, litigation, investigations, expenses, fines, loss of operating licenses and reputational harm. For more information about ongoing proceedings, see &#8220;Item 8.A. Financial information&#8212;Consolidated statements and other financial information&#8212;Legal proceedings.&#8221;</span><span style="font-family: 'Times New Roman'; font-size: 12pt; text-indent: 24.5pt;">&#160;</span></p> </div>
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<p style="margin: 10pt 0pt; text-align: justify; text-indent: 20.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Information technology failures, including those that affect the privacy and security of personal data, as a result of cyber-attacks or other causes, could adversely affect our businesses and the market price of our shares and ADSs. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 20.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We increasingly rely on information technology systems to process, transmit, and store electronic information. A significant portion of the communication between our personnel, customers, and suppliers depends on information technology. In addition, our billing systems rely heavily on technology infrastructure. As with all large systems, our information systems may be vulnerable to a variety of interruptions, due to events beyond our control including, but not limited to, natural disasters, telecommunications failures, computer viruses, hacker attacks, human errors or other security issues. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 20.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We depend on information technology to enable us to operate efficiently and interface with customers, as well as to maintain in-house management and control. We also collect and store personal information that customers provide to purchase products or services. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 20.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In addition, the concentration of processes in shared services centers means that any technology disruption could impact a large portion of our businesses within the regions we serve. Any transition of processes to, from or within shared services centers, as well as other transformational projects, could lead to disruptions in our businesses. If we do not allocate and effectively manage the resources necessary to build and sustain a proper technology infrastructure, we could be subject to transaction errors, processing inefficiencies, loss of customers, operations disruptions, or the loss of or damage to intellectual property caused by security breaches. As with all information technology systems, our systems could also be breached by outside parties with the purpose of extracting information, corrupting information, or disrupting businesses&#8217; processes. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 20.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Also, the increasing reliance on digital technologies and artificial intelligence (AI) brings significant </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">benefits but also exposes the Company to cyber risks, such as sophisticated attacks on AI systems, data manipulation, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">taking advantages</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> of vulnerabilities, and misuse of AI by malicious agents. Additionally, the rapid evolution of regulations can create</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> compliance challenges, and if failures or breaches occur, our operations may be impacted.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 20.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In Brazil, we are subject to laws and regulations regarding data protection and privacy, including Brazilian Law No. 13,709/18 (Brazilian General Data Protection Law) or LGPD, which came into force on September 18, 2020. Inspired by the General Data Protection Regulation of the European Union, LGPD sets forth a comprehensive set of rules on how companies, organizations and public authorities should collect, use, process and store personal data when carrying out their activities.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 20.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">LGPD sets out a legal framework for the processing of personal data and provides for the rights of data holders, the legal bases applicable to the protection of personal data, the requirements for obtaining consent, the obligations and requirements related to data breaches, requirements for international data transfers, among others. LGPD also created the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Autoridade Nacional de Prote&#231;&#227;o de Dados </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(National Data Protection Authority), or ANPD, responsible for enforcing the law. Most provisions of the LGPD entered into effect on September 18, 2020, while the provisions relating to administrative sanctions came into effect on August 1, 2021. On October 29, 2021, the Regulation on Supervision and Sanctioning Procedures approved by the ANPD was published, which governs, among other things, how the administrative sanctions provided for in the LGPD should be applied.</span></p>
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<p style="margin: 10pt 0pt; text-align: justify; text-indent: 20.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">LGPD requires mandatory breach notification in case of relevant risk or damage to data holders and authorizes regulatory investigations that could lead to fines and other sanctions in case of non-compliance. As of the date of this annual report, we are not aware of any ongoing regulatory investigations affecting us. However, we cannot assure that we will not be subject to any such investigations and any resulting sanctions in the future, should any breaches take place.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 20.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">LGPD, as well as any other changes to existing personal data protection laws, may subject us to, among other measures, additional costs and expenses, which would require costly changes to our businesses practices and security systems, policies, procedures and practices.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 20.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our protections may be compromised as a result of third-party security breaches, burglaries, cyberattack, errors by employees or employees of third-party vendors, contractors, misappropriation of data by employees, vendors or unaffiliated third parties, or other irregularities that may result in persons obtaining unauthorized access to company data or otherwise disrupting our businesses. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 20.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For example, on January 11, 2021, an unauthorized party disrupted access to our IT systems, which caused a temporary interruption to our operations and resulted in the theft of certain proprietary data. On January 14, 2021, we began restoring the systems that were affected by this incident and all critical information systems have been fully operational since February 2021. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">No material impacts were incurred by the Company as a result of this event. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 20.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of the date of this annual report, the Company does not carry insurance against cyber incidents. Therefore, similar interruptions, data breaches or any noncompliance with LGPD could have an adverse effect on our businesses, reputation, results of operations, cash flows or financial condition, or result in proceedings or actions against us, including the imposition of fines.</span></p>
<p style="font-size: 10pt; line-height: 120%; margin: 10pt 0pt; text-align: justify; text-indent: 20.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">The production, storage and transportation </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">(including </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">by </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">navigation activities)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> of commercial goods, including fuels, LPG, chemicals, corrosives and other liquid or gaseous bulk products are inherently hazardous.</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 20.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The operations performed by Ultrapar&#8217;s businesses involve safety and other operational risks, including the handling, production, storage and transportation of highly flammable, explosive and toxic materials. These risks can result in bodily injury or death, damage to or destruction of facilities or equipment, and environmental damage. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 20.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A sufficiently large accident at one of the service stations or storage facilities could force temporary suspension of activities at the site, resulting in significant remediation costs, lost revenues, and contingent liabilities. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 20.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Also, the Company faces challenges related to unsafe working conditions, given the daily need to control powerful energies (kinetic, water, gravity), which pose health and safety hazards to employees during navigation activities.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 20.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Furthermore, Hidrovias is also subject to other conditions beyond its control, such as mechanical and electrical failures, accidents, personal injury, loss or damage to assets and cargo, fires, explosions, and fuel or other substance leaks, cargo theft, business interruption and delivery delays. Should any of these events occur, they may adversely affect the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Hidrovias&#8217;</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">operations and results.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 20.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In addition, insurance coverage may not be available in a timely manner or may be insufficient to cover all losses or any loss at all. Mechanical failures, navigational hazards, accidents, or interruptions caused by environmental factors could also disrupt operations and lead to significant financial consequences. Equipment breakdowns, natural disasters and delays in obtaining imported products or spare parts or equipment could also affect the production process and, consequently, the results of operations and our reputation. </span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Risks relating to Brazil </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 20.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">The Brazilian government has exercised, and continues to exercise, significant influence over the Brazilian economy. Brazilian political and economic conditions, including ongoing political instability and perceptions of these conditions in the international markets, could adversely affect our businesses and the market price of our shares and ADSs</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">. </span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 20.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The Brazilian government frequently intervenes in the Brazilian economy and occasionally makes substantial changes in policy and regulations. The Brazilian government&#8217;s actions to influence the course of Brazil&#8217;s economy, control inflation and to implement other policies and regulations have involved increases in interest rates, changes in tax policies, price and wage controls, currency devaluations, capital controls, fiscal adjustments, and limits on imports and exports, among other measures. Our businesses, financial condition and results of operations may be adversely affected by changes in policy or regulations involving or affecting tariffs, exchange controls and other matters, as well as factors such as:</span></p>
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<ul>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Currency fluctuations; </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Inflation; </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Interest rates; </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Exchange rate policies; </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Liquidity available in the domestic capital, credit and financial markets; </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Oil and gas sector regulations, including price policies; </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The impact of epidemics and pandemics; </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Price instability; </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Social and political instability; </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Energy and water shortages and rationing; </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Liquidity of domestic capital and lending markets; </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Fiscal policy; </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Overturning of final judicial rulings on tax cases; and </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Other political, economic, social, trade and diplomatic developments in or affecting Brazil.</span></li> </ul>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Uncertainty over whether the Brazilian government may implement changes in policy,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> including with respect to the oil and gas industry,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> or regulation affecting these or other factors in the future may contribute to economic uncertainty in Brazil and to heightened volatility in the Brazilian securities markets and securities issued abroad by Brazilian issuers, as well as heightened volatility in the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Real</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. These and other future developments in the Brazilian economy or government policies may adversely affect us and our businesses as well as our results of operations and may adversely affect the trading price of our ADSs and shares. Furthermore, the Brazilian government may enact new regulations that may adversely affect our businesses and us. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Uncertainty regarding whether the Brazilian government will implement policy and regulatory changes may be compounded by political instability. Political crises have affected and continue to affect the confidence of investors and the general public and have historically resulted in economic deceleration and heightened volatility in the securities issued by Brazilian companies. </span><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Additionally, political instability in Brazil has been growing in recent years, which has contributed to a decline in market confidence in the Brazilian economy as well as to a deteriorating political environment. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Furthermore, in recent years some of Brazil&#8217;s leading politicians were targets of inquiries involving corruption, misconduct of public management, as well as the potential misuse of government funds. The potential outcome of these and other inquiries, as well as potential new inquiries involving Brazilian politicians that may arise are uncertain, but they had, and still may have a negative impact on the general perception of the Brazilian economy and consequently </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">have adversely affected and may continue to affect our businesses, financial condition, and results of operations, as well as the market price of our common shares. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultimately, we cannot predict the scope, nature and impact of any policy changes or reforms (or reversals thereof) that the government will implement, which could result in further political and economic instability and negatively impact the regulatory framework in which we operate, which in turn could adversely affect our businesses, financial condition and operating results.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In addition, there is no guarantee that the president will be successful in executing his campaign promises or passing certain reforms fully or at all. Likewise, we cannot predict how the president&#8217;s administration may impact the overall stability, growth prospects and economic and political health of the country. A failure by the Brazilian government to implement reforms may result in diminished confidence in the Brazilian government&#8217;s budgetary condition and fiscal stance, which could result in downgrades of Brazil&#8217;s sovereign foreign credit rating by credit rating agencies and the rise of risk premium, negatively impacting Brazil&#8217;s economy, and leading to further depreciation of the</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Real</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and an increase in inflation and interest rates, adversely affecting our businesses, financial condition and results of operations.</span></p>
<p style="margin: 10pt 0pt; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Inflation and certain governmental measures to curb inflation may contribute significantly to economic uncertainty in Brazil and could harm our businesses and the market value of the ADSs and our shares.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Brazil has experienced significantly high rates of inflation in the past, while the Brazilian economy has been characterized by frequent and occasionally extensive interventions by the Brazilian government. The Brazilian government&#8217;s past measures to control inflation included maintaining a tight monetary policy with high interest rates, wage and price controls, exchange controls, restrictions on imports, and others. High inflation, actions to combat inflation and public speculation about possible future measures has led and may lead to significant negative impacts on the Brazilian economy and heightened volatility in the securities markets. According to the IGP-M, an inflation index, the Brazilian general price inflation rate was 6</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5% in</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2024, -3.2% in 2023 and 5.5% in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2022. According to the IPCA, an inflation index to which the Brazilian government&#8217;s inflation</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">targets are linked, inflation in Brazil was 4</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">8% in 2024, 4.6% in 2023 and 5.8% in 2022. Brazil may experience high levels of inflation in the future.</span></p>
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<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Since our operating expenses are substantially in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Reais</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, any inflationary pressure could materially affect our operating margins. Furthermore, high inflation or higher interest rates could materially affect our cost of debt and our ability to finance our operations, which may adversely affect the results of our operations and net income. </span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In addition, high levels of inflation may also adversely affect the Brazilian economy, which would reduce consumption of goods and, as a result, affect our financial condition, operations and profits. Any deterioration in our financial performance would also likely lead to a decline in the market price of our common shares and ADSs.</span></p>
<p style="margin: 10pt 0pt; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Exchange rate instability may adversely affect our financial condition, results of operations and the market price of the ADSs and our shares.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A significant portion of the products that we distribute, including LPG and fuels, have prices linked to commodity prices denominated in U.S. dollars. Therefore, we are exposed to foreign exchange rate risks that could adversely affect our businesses, financial condition and results of operations, as well as our capacity to service our debt. See &#8220;Item 11. Quantitative and Qualitative Disclosures about Market Risk.&#8221; </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2022 and 2023, the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Real</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> appreciated</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, in each year,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> 7% against the U.S. dollar, while in 2024, the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Real</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> depreciated 27,9%. For more information on currency fluctuations, please see "Item 5.A. Operating and financial review and prospects&#8212;Operating results&#8212;Brazilian economic background.&#8221;</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">There are no guarantees that the exchange rate between the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Real </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and the U.S. dollar will stabilize at current levels, and the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Real </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and the U.S. dollar exchange rate may be adversely impacted by the economic and fiscal scenario. Although we have contracted hedging instruments with respect to part of our existing U.S. dollar debt obligations, in order to reduce our exposure to fluctuations in the U.S. dollar/</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Real</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> exchange rate, we cannot guarantee that such instruments will be adequate to fully protect us against further devaluation of the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Real</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and, as a result, we could experience monetary losses in the future. See &#8220;Item 11. Quantitative and Qualitative Disclosures about Market Risk&#8221; for information about our foreign exchange risk hedging policy.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Depreciations of the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Real</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> relative to the U.S. dollar can create additional inflationary pressures in Brazil that may negatively affect us. Depreciations generally curtail access to foreign financial markets and may prompt government intervention, including recessionary governmental policies. Depreciations also reduce the U.S. dollar value of distributions and dividends on the ADSs and the U.S. dollar equivalent of the market price of our shares and, as a result, the ADSs. On the other hand, appreciation of the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Real</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> against the U.S. dollar may lead to a deterioration of the country&#8217;s current account and the balance of payments, as well as to a dampening of export-driven growth.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Economic and market conditions in other countries, including in the United States and emerging market countries, may materially and adversely affect the Brazilian economy and, therefore, our financial condition and the market price of the shares and ADSs. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The market for securities issued by Brazilian companies is influenced by economic and market conditions in Brazil, and to varying degrees, market conditions in other countries, including the United States, other Latin American and emerging market countries. Although economic conditions are different in each country, the reaction of investors to developments in one country may cause the capital markets in other countries to fluctuate. Developments or conditions in other countries, including the United States and other emerging market countries, have at times significantly affected the availability of credit in the Brazilian economy and resulted in considerable outflows of funds and declines in the amount of foreign currency invested in Brazil, as well as limited access to international capital markets. These uncertainties may materially and adversely affect our ability to borrow funds at an acceptable interest rate or to raise equity capital when and if we should have such a need, and the market value of our securities. In addition, we continue to be exposed to disruptions and volatility in the global financial markets because of their effects on the financial and economic environment, particularly in Brazil, such as a slowdown in the economy, an increase in the unemployment rate, a decrease in the purchasing power of consumers and the lack of credit availability. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Furthermore, the implementation of protectionist policies or reversal of free trade policies in the United States, such as those implemented by the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">United States </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">g</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">overnment </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in February 2025, may have material adverse impacts on the global economy and adversely affect our businesses. Global factors such as higher U.S. interest rates, a stronger U.S. dollar, and tariff threats, combined with concerns over fiscal accounts, have heightened tensions in Brazilian financial markets during 2024, weakening the Brazilian real and driving up local interest rates. In spite of financial volatility, Brazil&#8217;s GDP grew by 3.4% in 2024.</span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>21</span></span></td> </tr> </tbody> </table>
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<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Disruption or volatility in the global financial markets, including as a result of the military conflict </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">between</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Russia and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ukraine, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Middle East</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, following the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">conflict in the Red Sea and resultant escalating tensions in the region involving </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the Gaza Strip</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Iran, Hezbollah in Lebanon and the Houthi in Yemen</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> or any other geopolitical tensions, could further increase negative </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">effects on the financial and economic environment in Brazil, which could have a material adverse effect on our businesses, results of operations and financial condition.</span></p>
<p style="margin: 10pt 0pt 0pt; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; text-indent: 24.4pt;">Holders of our </span><span style="font-style: italic;"><span style="font-weight: bold;">ADSs</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; text-indent: 24.4pt;"> may face difficulties in serving process on or enforcing judgments against us and other relevant persons.</span></p> </div>
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<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We are a company incorporated under the laws of Brazil. All members of our Board of Directors, executive officers and experts named in this annual report are residents of Brazil or have their business address in Brazil. All or a substantial part of the assets pertaining to these individuals and to Ultrapar are located outside the United States. As a result, it is possible that investors may not be able to effect service of process upon these individuals or us in the United States or other jurisdictions outside Brazil or enforce judgments against us or these other persons obtained in the United States or other jurisdictions outside Brazil, including for civil liability based upon United States federal securities laws or otherwise. In addition, because judgments of United States courts for civil liabilities based upon the United States federal securities laws may only be enforced in Brazil if certain conditions are met, holders may face greater difficulties in protecting their interests in the case of actions against us or our Board of Directors or executive officers than would shareholders of a United States corporation. </span></p> </div>
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<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Due to concerns ab</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">out the risks of climate change, a number of countries, including Brazil, have adopted or are considering adopting regulatory frameworks which could adversely affect our businesses, financial condition and results of operations.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">New laws and regulatory frameworks adopted by countries in response to concerns about climate change include the adoption of cap and trading carbon market system, taxes on carbon emissions, increased efficiency standards, bans on vehicles running on oil-based fuels, and incentives or requirements for the use of renewable energy. Such requirements can reduce the demand for hydrocarbon fuels at different rates and levels in each of the regions where our customers are located, as well as lead to a replacement of their demand with lower carbon sources. In addition, many governments are offering tax benefits and providing other subsidies and guidelines to make alternative energy sources more competitive with oil and gas, which may discourage the sale of certain products supplied by the Company&#8217;s subsidiaries. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Governments around the world have been encouraging the development of new technologies and companies have also been promoting research to reduce the cost and increase the scale of production of alternative energy sources, which could reduce demand for the Company&#8217;s products. In addition, current regulations on GHG, or regulations that may eventually be approved, could substantially increase the Company&#8217;s compliance costs.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In Brazil, Law </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">No. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">15</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">042/2024, establishing the Brazilian Emissions Trading System (SBCE), was approved, though it still requires further definitions for its operationalization. None of the facilities of Ultrapar&#8217;s current portfolio exceed the emissions cap of 25,000 tCO</span><span style="font-family: 'Times New Roman'; font-size: 6.67pt; vertical-align: sub; line-height: inherit;">2</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">e/year, as established by the law. As such, there will be no immediate direct impact on the Company. Ultrapar actively monitors this risk, as it could become material in future acquisitions, leading to compliance-related financial impacts. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">We may be adversely affected by the imposition and enforcement of more stringent environmental laws and regulations, including as a result of rising climate change concerns, that may result in increased costs of operation and compliance, as well as a decrease in demand for our products.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In December 2016, the Ministry of Mines and Energy (MME), seeking to fulfill the commitments made at the 2014 United Nations Climate Change Conference (COP 21), launched RenovaBio, a program aimed at reducing carbon emissions and encouraging the production of biofuels in Brazil, such as ethanol, biodiesel, biogas and aviation biofuel. Under this program, biofuel producers and importers duly certified by the ANP issue CBios based on their sales and purchase invoices, while fossil fuel distributors receive annual decarbonization targets based on the proportion of fossil fuels they sell, which can only be met by purchasing CBios. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">CBios are traded freely on B3, and their prices are set by market supply and demand, which can be influenced, among other factors, by unexpected regulatory changes, such as the postponement of the CBios purchase targets announced by the Brazilian government in July 2022. Since CBios prices can be highly volatile and targets increase annually, we cannot predict whether we will be able to successfully pass through our costs with CBios to customers, which could adversely affect our operations, market share, financial condition, and results. The possible unavailability of CBios or our inability to meet these targets may result in administrative penalties and the blocking of operating licenses. In addition, the Brazilian government is reviewing RenovaBio&#8217;s guidelines, and we cannot predict how these possible changes may affect us.</span></p>
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<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2024 the Fuel of the Future Law was enacted</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> in Brazil</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. One provision in the Fuel of the Future Law that could impact Ultragaz is the greenhouse gas (GHG) emissions reduction target for natural gas producers and importers. This requirement could be met through the purchase of biomethane or future Biomethane Guarantee of Origin Certificates (CGOBs), which still await regulation by </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">National Energy Policy Council (CNPE). Companies currently using biomethane to decarbonize their operations may be affected if this renewable gas&#8212;already in limited supply in Brazil&#8212;is reallocated to meet targets imposed on natural gas </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">producers and importers. This shift could drive up biomethane prices in the domestic market. Additionally, there is a risk that CGOB sales could become more commercially attractive than the biomethane itself, ultimately hindering Brazil&#8217;s decarbonization efforts.</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The new legislation also mandates a gradual increase in the required biodiesel and ethanol content in diesel and gasoline, with biodiesel potentially reaching 20% of diesel and ethanol up to 35% of gasoline by 2030. Increasing the biodiesel percentage may require Ipiranga to invest in infrastructure upgrades and maintenance process adaptations</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, which could adversely affect our operations and results.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In addition, if we do not invest in research and development of new, less carbon-intensive solutions and adapt our operating structure to operate with cleaner energy sources, we may incur higher compliance and operating costs, which may have an adverse effect on our competitiveness and revenues.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Furthermore, if we violate environmental laws and regulations, we may face reputational damage with consumers, our business customers, investors, the communities in which we operate and other stakeholders, which could adversely affect our access to capital, revenues, and ability to obtain the necessary licenses to conduct our operations.</span></p>
<p style="font-size: 10pt; line-height: 120%; margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Floo</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">ds, storms, windstorms, rise in sea levels and other climate change events could bring harm to our facilities, thus affecting our financial position and results of our operations. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Floods, storms, windstorms and other climate effects can cause production stoppages, interrupt supply chains, and damage physical structures. The rise in sea levels is also a risk to our operations since our businesses have assets in coastal regions and ports. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Additionally, adverse weather and navigability conditions, such as floods, droughts, natural disasters, waterway accidents, or accidents at the Company&#8217;s terminals - including environmental incidents and collisions - </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">may potentially result in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">damages, penalties, fines, indemnities, or expenses payable to third parties and other claims against the Company</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Furthermore, the Company&#8217;s operations may periodically be affected by crop failures, landslides, or other natural disasters that could impact the operational and/or financial conditions of its clients.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Company</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8217;s</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> recent </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">investee</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Hidrovias</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">operates in river systems in Brazil, Argentina, Paraguay, and Uruguay, as well as on a limited ocean route related to coastal navigation. Any changes that adversely affect the navigability of any of these river systems or the ocean route - such as storms, silting, flooding, or the impact of drought, causing changes in water depth or the width of the navigable channel - may reduce or limit our ability to efficiently transport cargo through these waterways.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> 2024 was challenging for Hidrovias due to adverse weather conditions that disrupted </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">its</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">primary shipping routes. Hidrovias simultaneously faced severe droughts in both the North and South corridors, a rare scenario that led to significant operational restrictions and required adaptations.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Risks relating to our common shares and ADSs </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Asserting limited voting rights as a holder of ADSs may prove more difficult than for holders of our common shares. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Under the Brazilian Corporate Law, only shareholders registered as such in our corporate books may attend shareholders&#8217; meetings. All common shares underlying the ADSs are registered in the name of the depositary bank. A holder of ADSs, accordingly, is not entitled to attend shareholders&#8217; meetings. A holder of ADSs is entitled to instruct the depositary bank as to how to exercise the voting rights of its common shares underlying the ADSs in accordance with procedures provided for in the Deposit Agreement, but a holder of ADSs will not be able to vote directly at a shareholders&#8217; meeting or appoint a proxy to do so. In addition, a holder of ADSs may not have sufficient or reasonable time to provide such voting instructions to the depositary bank in accordance with the mechanisms set forth in the Deposit Agreement and custody agreement, and the depositary bank will not be held liable for failure to deliver any voting instructions to such holders. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Holders of our shares or ADSs may not receive dividends. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Under the Brazilian Corporate Law and our Bylaws, unless otherwise proposed by the Board of Directors and approved by the voting shareholders at our Annual General Shareholders&#8217; Meeting, we must pay our shareholders a mandatory distribution equal to at least 25% of our adjusted net income, after the allocation of 5% of the net income to the legal reserve. However, our net income may be used to increase our capital stock, to set off losses and/or be otherwise retained in accordance with the Brazilian Corporate Law and may not be available for the payment of dividends, including in the form of interest on shareholders&#8217; equity. Therefore, whether investors receive a dividend or not depends on the amount of the mandatory distribution, if any, and whether the Board of Directors and the voting shareholders exercise their discretion to suspend these payments. See &#8220;Item 8.A. Financial information&#8212;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Consolidated statements and other financial information&#8212;Dividends and distribution policy&#8212;Dividend policy&#8221; for a more detailed discussion of mandatory distributions.</span></p>
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<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Holders of our shares may be unable to exercise preemptive rights with respect to the shares. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In the event that we issue new shares pursuant to a capital increase or offer rights to purchase our shares, shareholders would have preemptive rights to subscribe for the newly issued shares or rights, as the case may be, corresponding to their respective interest in our share capital, allowing them to maintain their existing shareholder percentage. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">However, our Bylaws establish that the Board of Directors may exclude preemptive rights to the current shareholders or reduce the time our shareholders have to exercise their rights, in the case of an offering of new shares to be sold on a registered stock exchange or otherwise through a public offering. </span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The holders of our shares or ADSs may be unable to exercise their preemptive rights in relation to the shares represented by the ADSs, unless we file a registration statement for the offering of rights or shares with the SEC pursuant to the United States Securities Act or an exemption from the registration requirements applies. We are not obliged to file registration statements in order to facilitate the exercise of preemptive rights and, therefore, we cannot assure ADS holders that such a registration statement will be filed. As a result, the equity interest of such holders in our Company may be diluted. If the rights or shares, as the case may be, are not registered as required, the depositary will try to sell the preemptive rights held by holder of the ADSs and investors will have the right to the net sale value, if any. However, the preemptive rights will expire without compensation to investors should the depositary not succeed in selling them. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 1pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">If shareholders exchange ADSs for shares, they may lose certain foreign currency remittance and Brazilian tax advantages. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The ADSs benefit from the depositary&#8217;s certificate of foreign capital registration, which permits the depositary to convert dividends and other distributions with respect to the shares into foreign currency and remit the proceeds abroad. In order to surrender ADSs for the purpose of withdrawing the shares represented thereby, investors are required to comply with </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Central</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Bank and CVM Joint</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Resolution </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">No. 13</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, dated as</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> 3, 2024</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(&#8220;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Joint</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Resolution </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">No. 13/2024</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8221;), which requires, among other things, that investors appoint a legal representative in Brazil. If the investors fail to comply with </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Joint</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Resolution</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">No. 13/2024</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, or the legal representative appointed by the investors fails to comply with </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Joint</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Resolution</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">No. 13/2024 </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">or to take action when required to do so, it could affect the investors&#8217; ability to receive dividends or distributions relating to our shares or the return of their capital in a timely manner. Investors that are registered as </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Joint</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Resolution</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">No. 13/2024 </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">investors may buy and sell their shares on the Brazilian stock exchanges without obtaining separate certificates of registration. If investors do not qualify under </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Joint</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Resolution</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">No. 13/2024</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, they will generally be subject to less favorable tax treatment on distributions with respect to the shares. The depositary&#8217;s certificate of registration or any certificate of foreign capital registration obtained by the investor may be affected by future legislative or regulatory changes, and additional Brazilian law restrictions applicable to their investment in the ADSs may be imposed in the future. For a more complete description of Brazilian tax regulations, see &#8220;Item 10.E. Additional information&#8212;Taxation&#8212;Brazilian tax considerations.&#8221; </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Changes in Brazilian tax laws may have an adverse impact on the taxes applicable to a disposition of our ADSs. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">According to Article 26 of Brazilian Law No.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">10,833/03, if a holder not deemed to be domiciled in Brazil for Brazilian tax and regulatory purposes, or a non-Brazilian holder, disposes of assets located in Brazil, the transaction will be subject to taxation in Brazil, even if such disposition occurs outside Brazil or if such disposition is made to another non-Brazilian holder. A disposition of our ADSs involves the disposal of a non-Brazilian asset, which in principle should not be subject to taxation in Brazil. Nevertheless, in the event that the disposal of assets located in Brazil is interpreted to include a disposal of our ADSs, this tax law could result in the imposition of the withholding income tax on a disposal of our ADSs between non-residents of Brazil. See &#8220;Item 10.E. Additional information&#8212;Taxation&#8212;Brazilian tax considerations&#8212;Taxation of gains.&#8221; </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Substantial sales of our shares or our ADSs could cause the price of our shares or our ADSs to decrease.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The shareholders of Ultra S.A. and Parth, which together owned </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">35.6%,</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of our outstanding shares (excluding shared held in treasury) as of April 14, 2025, have the right to exchange their shares of Ultra S.A. and Parth for shares of Ultrapar and freely trade them in the market as more fully described under &#8220;Item 7.A. Major shareholders and related party transactions&#8212;Major shareholders&#8212;Shareholders&#8217; Agreements.&#8221; Other shareholders, who may freely sell their respective shares, hold a substantial portion of our remaining shares. A sale of a significant number of shares could negatively affect the market value of the shares and ADSs. The market price of our shares and the ADSs could drop significantly if the holders of shares or the ADSs sell them or the market perceives that they intend to sell them.</span><span style="font-family: 'Times New Roman'; font-size: 12pt; text-indent: 24.5pt;">&#160;</span></p> </div>
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<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">There may be adverse U.S. federal income tax consequences to U.S. holders if we are or become a PFIC under the Code. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">If we were characterized as a PFIC, in any year during which a U.S. holder holds our shares or ADSs, certain adverse U.S. federal tax income consequences could apply to that person. Based on the manner in which we currently operate our businesses, the projected composition of our income and valuation of our assets, and the current interpretation of the PFIC rules, including the Commodity Exception, we do not believe that we were a PFIC in 2024 and we do not expect to be a PFIC in the foreseeable future. However, because PFIC classification is a factual determination made annually and is subject to change and differing interpretations, there can be no assurance that we will not be considered a PFIC for the current taxable year or any subsequent taxable year. U.S. holders should carefully read &#8220;Item 10.E. Additional information&#8212;Taxation&#8212;U.S. federal income tax considerations&#8221; for a description of the PFIC rules and consult their tax advisors regarding the likelihood and consequences of us being treated as a PFIC for U.S. federal income tax purposes.</span></p>
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<p style="margin: 0px; break-after: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;"><br/></span></span></p>
<div style="margin: 0px; break-after: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BS1_183202533255627" class="customBookmark"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">ITEM</span><span style="font-weight: bold; line-height: inherit;">&#160;</span><span style="font-weight: bold; line-height: inherit;"><span>4</span>.&#160; &#160; &#160; &#160; &#160;INFORMATION ON THE COMPANY </span></span></a></div>
<p style="margin: 10pt 0pt 0pt 24.5pt; break-after: avoid; text-align: justify; text-indent: -24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">A.</span><span style="font-weight: bold; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;</span><span style="font-weight: bold; line-height: inherit;">History and development of the Company </span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">We were incorporated on December</span><span style="line-height: inherit;">&#160;</span><span style="line-height: inherit;"><span>20</span>, <span>1953</span>, with our origins going back to <span>1937</span>, when Ernesto Igel founded Ultragaz and pioneered the use of LPG as cooking gas in Brazil, using bottles acquired from Companhia Zeppelin. The gas stove began to replace the traditional wood stove, which dominated Brazilian kitchens at the time. Since then, Ultrapar has become <span>one</span> of the largest business groups in Brazil</span><span style="line-height: inherit;">, investing </span><span style="line-height: inherit;">in energy, mobility, logistics infrastructure</span><span style="line-height: inherit;">, </span><span style="line-height: inherit;">specialty chemicals</span><span style="line-height: inherit;"> and retail</span><span style="line-height: inherit;">.&#160; </span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">On December 31, 2021, </span><span style="line-height: inherit;">our former wholly owned subsidiaries, Oxiteno</span><span style="line-height: inherit;"> (specialty chemicals)</span><span style="line-height: inherit;"> and Extrafarma</span><span style="line-height: inherit;"> (retail)</span><span style="line-height: inherit;">, were classified as assets and liabilities held for sale and discontinued operations, </span><span style="line-height: inherit;">due to the signing of a share purchase agreement with Indorama in August 2021 and with Pague Menos in May 2021, respectively. The sales of Oxiteno and Extrafarma were closed on April 1, </span><span style="line-height: inherit;"><span>2022</span>,</span><span style="line-height: inherit;"> and on August 1, 2022, respectively and, as a result, these companies are no longer part of Ultrapar&#8217;s business portfolio as of these dates. </span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">As of December 31, 2024, Ultrapar owned <span>three</span> main businesses: Ipiranga, Ultragaz and Ultracargo. </span><span style="line-height: inherit;">In addition, </span><span style="line-height: inherit;">following </span><span style="line-height: inherit;"> a series of transactions, Ultrapar Log&#237;stica, an indirect subsidiary of Ultrapar, acquired an equity participation in Hidrovias and, as of December 31, 2024, Ultrapar held a total stake of </span><span style="line-height: inherit;"><span>41</span></span><span style="line-height: inherit;">.</span><span style="line-height: inherit;"><span>94</span></span><span style="line-height: inherit;">% in Hidrovias.</span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. is a listed corporation incorporated under the laws of Brazil. Our main executive office is located at Brigadeiro Luis Ant&#244;nio Avenue, <span>1343</span>, <span>9</span><span style="font-size: 8pt; line-height: inherit;"><sup>th</sup></span></span><span style="line-height: inherit;">&#160;Floor, <span>01317</span>-<span>910</span>, S&#227;o Paulo, SP, Brazil. Our telephone number is +<span>55</span> (<span>11</span>)</span><span style="line-height: inherit;">&#160;</span><span style="line-height: inherit;"><span>3177</span> <span>7014</span>. Our internet website address is http://ultra.com.br and our investor relations internet website address is http://ri.ultra.com.br. Unless expressly incorporated by reference into this annual report, including the exhibits and schedules filed herewith, the contents of our website are not incorporated by reference into this annual report. Our agent for service of process in the United States is C.T. Corporation System, located at <span>28</span> Liberty Street, New York, NY <span>10005</span>.</span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">In addition, SEC maintains an internet website that contains reports, proxy and information statements, and other information regarding Ultrapar electronically filed within the SEC. The address of the SEC&#8217;s website is </span><span style="color: #0563c1; text-decoration: underline; line-height: inherit;">www.sec.gov</span><span style="line-height: inherit;">. </span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Below we describe our main continuing and discontinued operations. </span><span style="line-height: inherit;">In <span>2022</span>, Ultrapar has ceased to present </span><span style="line-height: inherit;">KMV (forme</span><span style="line-height: inherit;">r</span><span style="line-height: inherit;">ly </span><span style="line-height: inherit;">abastece a&#237;</span><span style="line-height: inherit;">)</span><span style="line-height: inherit;"> as a separate segment, due to the small relevance of this business relative to the overall results of the Company.</span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">A.<span>1</span>.&#160; Continuing operations</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Ipiranga </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">In <span>2007</span>, Ultrapar, Petrobras and Braskem announced their intent to acquire the Ipiranga Group. After the completion of the acquisition of Ipiranga Group, its businesses were divided among Petrobras, Ultrapar and Braskem. Ultrapar retained the fuel and lubricant distribution businesses located in the South and Southeast regions of Brazil; Petrobras received the fuel and lubricant distribution businesses located in the North, Northeast and Midwest regions of Brazil; Petrobras and Braskem received the Petrochemical Business, in the proportion of <span>60</span>% for Braskem and <span>40</span>% for Petrobras and each party retained a <span>one</span>-third stake in RPR. For a more detailed discussion of the acquisition of Ipiranga Group, see our Form F-<span>4</span> filed with SEC on December</span><span style="line-height: inherit;">&#160;</span><span style="line-height: inherit;"><span>17</span>, <span>2007</span>. </span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Following the acquisition, Ultrapar, which was already Brazil&#8217;s largest LPG distributor, became the second largest fuel distributor in the country, with a <span>14</span>% market share in <span>2007</span>, according to ANP. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">In <span>2008</span>, Ipiranga entered into a sale and purchase agreement with Chevron for the acquisition of <span>100</span>% of the shares of CBL and Galena. The combination with Texaco created a nationwide fuel distribution business, strengthening its competitiveness through </span><span style="line-height: inherit;">a larger operational scale. By the end of <span>2012</span>, Ipiranga had converted all the acquired Texaco branded stations into the Ipiranga brand. </span></span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In <span>2010</span>, Ipiranga acquired <span>100</span>% of the shares of DNP. DNP distributed fuels in the states of Amazonas, Rond&#244;nia, Roraima, Acre, Par&#225; and Mato Grosso, with <span>4</span>% market share in <span>2009</span> in the North region of Brazil. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">In <span>2016</span>, Ipiranga entered into an association agreement with Chevron to create a new company in the lubricants business, Iconic, of which Ipiranga and Chevron hold <span>56</span>% and <span>44</span>%, respectively. Operations</span> <span style="line-height: inherit;">started in December 2017.</span></span></p>
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<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In <span>2019</span>, Ipiranga made strategic moves to improve logistics efficiency and service quality through expansion of its own storage capacity by winning (i) the concession of specific areas in Cabedelo (state of Para&#237;ba) and Vit&#243;ria (state of Esp&#237;rito Santo) through the consortiums Nordeste and Navegantes, in which Ipiranga holds <span>1</span>/<span>3</span> of the total participation, together with Vibra and Ra&#237;zen Energia S.A., and (ii) <span>two</span> concessions in the port of Miramar, in Bel&#233;m (state of Par&#225;). </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In <span>2022</span>, Ipiranga developed a turnaround plan focused on certain fundamental pillars of its business, namely (i) pricing intelligence, (ii) logistics and distribution, (iii) supply and trading and (iv) network management and engagement. Since then, the company has made significant advances, especially in the pillars of pricing, trading and network engagement.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In <span>2024</span> it continued to focus on these <span>four</span> essential pillars, especially logistics and distribution, aiming to keep results consistent, with a stronger and healthier network. In addition, Ipiranga announced the investments plan for <span>2025</span>, that includes an important investment in its technology platform for ERP and satellite systems, with productivity and efficiency gains.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Ultragaz </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">When Ultragaz began its operations, it served only the Southeast region of Brazil. </span><span style="line-height: inherit;">As of the date of this annual report</span><span style="line-height: inherit;">, Ultragaz operates nationwide in the distribution of both bottled and bulk LPG, including the most highly populated states in Brazil, such as S&#227;o Paulo, Minas Gerais and Bahia, and may sell bottled LPG through independent dealers. Bulk LPG is served through Ultragaz own infrastructure.</span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In <span>1995</span>, Ultragaz introduced its own bob-tail trucks system to process small bulk distribution to residential, commercial and industrial segments, and started the process of geographical expansion through the construction of new LPG filling and satellite plants.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">In <span>2003</span>, Ultragaz acquired Shell G&#225;s, Royal Dutch Shell plc&#8217;s LPG operations in Brazil. With this acquisition, Ultragaz became </span><span style="line-height: inherit;"><span>one</span> of </span><span style="line-height: inherit;">the Brazilian market </span><span style="line-height: inherit;">leaders</span><span style="line-height: inherit;"> in LPG, with a <span>24</span>% share of the Brazilian market on that date. In <span>2011</span>, Ultragaz acquired Repsol&#8217;s LPG distribution business in Brazil.</span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In the past few years, Ultragaz undertook a comprehensive review of its business strategy, leveraging itself in its innovative roots and using its experience, knowledge and reliability of its processes, products and services to create and offer energy solutions that meet its clients&#8217; needs. This strategy shift was illustrated through the redefinition of Ultragaz&#8217;s business motto, making it broader, more inspirational and suitable to the Company&#8217;s goals. Ultragaz&#8217;s new motto is: &#8220;we use our energy to change people&#8217;s lives.&#8221; </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">On September 12, 2022, Ultragaz signed an agreement for the acquisition of all shares of Stella, a technology platform founded in <span>2019</span> that connects renewable electricity generators and customers through distributed generation, and the transaction closed on October 1, 2022. Ultragaz acquired Stella for a minimum amount of R$<span>63.0</span> million, and an initial payment of R$<span>7.6</span> million.</span><span style="line-height: inherit;"> In <span>2024</span>,</span> <span style="line-height: inherit;">the earnout amount decreased due</span><span style="line-height: inherit;"> to</span> <span style="line-height: inherit;">the update of</span> <span style="line-height: inherit;">assumptions</span><span style="line-height: inherit;">,</span> <span style="line-height: inherit;">settlement</span><span style="line-height: inherit;"> and monetary </span><span style="line-height: inherit;">adjustments</span><span style="line-height: inherit;">.</span> <span style="line-height: inherit;">T</span><span style="line-height: inherit;">he remai</span><span style="line-height: inherit;">ni</span><span style="line-height: inherit;">ng amount of </span><span style="line-height: inherit;">R$</span><span style="line-height: inherit;"><span>42</span></span><span style="line-height: inherit;">.<span>2</span> million</span><span style="line-height: inherit;"> will be settled in <span>2027</span>, subject</span> <span style="line-height: inherit;">mainly to</span><span style="line-height: inherit;"> performance metrics of acquired company</span><span style="line-height: inherit;">. Stella has been part of UVC&#8217;s portfolio (Ultrapar's Corporate Venture Capital fund) since <span>2021</span>. This acquisition marked Ultragaz's entry into the electricity segment, in line with its strategy of expanding the offering of energy solutions to its customers, leveraging on its capillarity, commercial strength, the Ultragaz brand and its extensive base of industrial and residential customers.</span></span></p>
<p style="margin: 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p>
<p style="margin: 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Additionally, on November 21, 2022, Ultragaz signed an agreement for the acquisition of all shares of NEOg&#225;s, a pioneer in the transportation of compressed natural gas in Brazil, operating in several segments including the industrial, vehicular and development of special projects in partnership with natural gas distributors. The transaction was approved by CADE in January 2023 and closed on February 1, 2023. The total value of the company (enterprise value) was R$<span>165.0</span> million, subject to customary working capital and Net Debt adjustments. This acquisition marked Ultragaz's entry into the compressed natural gas distribution segment and, in addition, Ultragaz believes that NEOg&#225;s is an ideal platform to enable biomethane distribution opportunities. This transaction reinforces Ultragaz&#8217;s strategy of expanding its offering of energy solutions to its industrial customers, making use of its capillarity, commercial strength and brand.</span></p>
<p style="margin: 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p>
<p style="margin: 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">On September 1, 2024, Ultragaz acquired a <span>51.7</span>% interest in Witzler Participa&#231;&#245;es S.A. (&#8220;Witzler&#8221;). The acquisition value was R$<span>104</span></span><span style="line-height: inherit;">.</span><span style="line-height: inherit;"><span>5</span></span><span style="line-height: inherit;"> million</span><span style="line-height: inherit;">, of which R$<span>49</span></span><span style="line-height: inherit;">.</span><span style="line-height: inherit;"><span>5</span></span><span style="line-height: inherit;"> million was contributed to the acquired company through a capital increase and R$<span>55</span></span><span style="line-height: inherit;">.</span><span style="line-height: inherit;"><span>0</span></span><span style="line-height: inherit;"> million</span><span style="line-height: inherit;">, was paid considering price adjustments at the closing of the transaction. In addition, there is </span><span style="line-height: inherit;">an additional earn-out in the amount</span><span style="line-height: inherit;"> of R$<span>45</span></span><span style="line-height: inherit;">.</span><span style="line-height: inherit;"><span>4</span></span> <span style="line-height: inherit;">million </span><span style="line-height: inherit;">subject to certain performance conditions to be measured within up to <span>12</span> months</span><span style="line-height: inherit;"> of the closing of the transaction and payable</span><span style="line-height: inherit;"> in <span>2025</span></span><span style="line-height: inherit;">. </span><span style="line-height: inherit;">Witzler, operates in the commercialization of electrical energy in the free market and in the energy management of its customers.</span> <span style="line-height: inherit;">This acquisition is aligned with Ultragaz's strategy of expanding its offering of energy solutions to its customers, leveraging on its capillarity, commercial strength, brand and extensive base of industrial and residential customers, consistent with the disclosure Ultrapar has been providing to its shareholders and to the capital market. </span><span style="line-height: inherit;">Through </span><span style="line-height: inherit;">Witzler, Ultragaz</span> <span style="line-height: inherit;">started to </span><span style="line-height: inherit;">work with high voltage customers, consolidating its position in the electrical energy market.</span></span></p>
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<p style="margin: 10pt 0pt 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Ultracargo </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">In the <span>1960</span></span><span style="line-height: inherit;">&#8217;</span><span style="line-height: inherit;">s, the market demand for high-quality and safe transportation services led to our entrance in the transportation of chemicals, petrochemicals and LPG. In <span>1978</span>, Ultracargo Log&#237;stica (formerly Terminal Qu&#237;mico de Aratu S.A. &#8211; Tequimar) was founded for the purpose of operating terminals. Later, it was acquired by Ultra</span><span style="line-height: inherit;">par Log&#237;stica</span><span style="line-height: inherit;">. </span><span style="line-height: inherit;">As of the date of this annual report</span><span style="line-height: inherit;">,</span><span style="line-height: inherit;"> Ultracargo</span><span style="line-height: inherit;"> Log&#237;stica is a subsidiary of Ultrapar</span><span style="line-height: inherit;">.</span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In <span>2005</span>, Ultracargo started up a new terminal in Santos, in the state of S&#227;o Paulo, its second port terminal. In <span>2008</span>, Ultracargo acquired <span>100</span>% of the shares of Uni&#227;o Terminais held by Unipar, with port terminals in Santos and Rio de Janeiro. The combination of its operations with those of Uni&#227;o Terminais doubled Ultracargo&#8217;s results and made it the largest liquid bulk storage company in Brazil, strengthening its operating scale. With this acquisition, Ultracargo increased its presence in the port of Santos, the largest Brazilian port, and was strategically positioned in the port of Rio de Janeiro, where the company did not previously have operations. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Also in <span>2008</span>, Ultracargo acquired</span> <span style="line-height: inherit;">a <span>50</span>% stake held by Unipar in Uni&#227;o Vopak total capital stock, the owner of a port terminal in Paranagu&#225;, in the state of Paran&#225;, representing <span>28</span> thousand m&#179; of installed capacity. In <span>2022</span>, Ultracargo decided to discontinue its operations in Paranagu&#225; and in <span>2023</span> the demobilization process of the storage capacity at this terminal was completed.</span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In <span>2009</span>, Ultracargo acquired Puma Storage do Brasil Ltda., a storage terminal for liquid bulk located at the port of Suape, in the state of Pernambuco. In <span>2012</span>, Ultracargo acquired Temmar from Temmar Netherlands B.V. and Noble Netherlands B.V., subsidiaries of Noble Group. Temmar owned a terminal in the port of Itaqui, in the state of Maranh&#227;o. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In March 2018, Ultracargo Log&#237;stica acquired all shares of TEAS, owned by Ra&#237;zen Energia S.A. and Ra&#237;zen Araraquara A&#231;&#250;car e &#193;lcool Ltda., whose assets had already been operated by Ultracargo Log&#237;stica in the port of Santos. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In April 2019, Ultracargo won the concession of the area VDC<span>12</span> at the Vila do Conde port, in Barcarena, state of Par&#225;, with a minimum storage capacity of <span>59</span> thousand m&#179;. The area will be operated by Ultracargo for at least <span>25</span> years. In December 2021, Ultracargo started its operations at this new terminal, with a total installed capacity of <span>110</span> thousand m&#179;. The new terminal is in a region that is strategic for Ultracargo since it is the only independent provider of storage services for liquid bulk at this port. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">In April</span><span style="line-height: inherit;">&#160;</span><span style="line-height: inherit;"><span>2021</span>, Ultracargo won the concession of the IQI<span>13</span> area in the Itaqui port, in the state of Maranh&#227;o, for storage and handling of liquid bulk products, especially fuels. The minimum installed capacity will be <span>79</span></span><span style="line-height: inherit;">&#160;</span><span style="line-height: inherit;">thousand m&#179;. The area will be operated by Ultracargo for at least <span>20</span></span><span style="line-height: inherit;">&#160;</span><span style="line-height: inherit;">years, according to the auction notice. Ultracargo expects to start operating in this area by <span>2026</span>. Throughout <span>2021</span>, Ultracargo also completed the phase <span>3</span> expansion at the Itaqui terminal, which increased Ultracargo&#8217;s total installed capacity by <span>46</span> thousand m&#179;, resulting in a total installed capacity of <span>155</span> thousand m&#179; in this terminal.</span></span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">In April 2023, Ultracargo signed an agreement for the acquisition of a <span>50</span>% stake in Opla, held by Copersucar. The value of the transaction was R$<span>237.5</span> million, subject to customary working capital and Net Debt adjustments. The transaction was closed on July 1, 2023, and Ultracargo </span><span style="line-height: inherit;">Log&#237;stica</span><span style="line-height: inherit;"> and BP are now co-controllers of Opla (joint venture), the largest independent terminal of ethanol in Brazil. The total installed capacity of Opla&#8217;s terminal is <span>180</span> thousand m&#179;, and thus Ultracargo&#8217;s total installed capacity was increased by <span>90</span> thousand m&#179;. The acquisition of this stake in Opla marked Ultracargo's entry into the inland liquid bulk storage and logistics segment, integrated with port terminals, in line with its growth plan. Opla is a strategic asset in the ethanol and derivatives distribution chain, with high growth potential and value creation, given the ability of opening the terminal to third parties. Also in the second half of <span>2023</span>, there was an increase of <span>10</span> thousand m&#179; of storage capacity in the Vila do Conde terminal and an acquisition by Ultracargo of a terminal from Ipiranga located in the city of Rondon&#243;polis, in the state of Ma</span><span style="line-height: inherit;">to Grosso</span><span style="line-height: inherit;">, increasing Ultracargo&#8217;s total installed capacity by <span>12</span> thousand m&#179; and representing another inland terminal strategically located to handle ethanol and oil derivatives. This was the first transaction of this kind between Ipiranga and Ultracargo and created value for both companies. For Ultracargo, the highlight lies in expanding operations into the interior of the country, in line with the growth of the biofuels supply, while offering an integrated logistic solution, possibly expanding Ultracargo&#8217;s turnover and customer base. For </span><span style="line-height: inherit;">Ipiranga, the transaction represented significant capital liquidity while maintaining the service level (Ipiranga has remained the main client of the terminal).</span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">In addition to the capacity expansion in the Itaqui port described above, Ultracargo is currently building a greenfield terminal in the city of Palmeirante, which will be the first liquid bulk terminal in the state of Tocantins. The Palmeirante terminal is expected to increase Ultracargo&#8217;s total installed capacity by <span>23</span> thousand m&#179; by the </span><span style="line-height: inherit;">second</span><span style="line-height: inherit;"> quarter of <span>202</span></span><span style="line-height: inherit;"><span>5</span></span><span style="line-height: inherit;"> and supplies fuels for the states of Maranh&#227;o, Tocantins, Par&#225; and Mato Grosso. The Rondon&#243;polis terminal is also currently under expansion, and Ultracargo expects to add </span><span style="line-height: inherit;"><span>22</span></span><span style="line-height: inherit;"> thousand m&#179; of capacity to the terminal by the </span><span style="line-height: inherit;">second</span><span style="line-height: inherit;"> quarter of <span>202</span></span><span style="line-height: inherit;"><span>5</span></span><span style="line-height: inherit;">. Finally, the projects to expand the</span> <span style="line-height: inherit;">Santos terminal by the </span><span style="line-height: inherit;">second quarter </span><span style="line-height: inherit;">of <span>2025</span> and the </span><span style="line-height: inherit;">Suape</span><span style="line-height: inherit;"> terminal by the </span><span style="line-height: inherit;">second quarter</span><span style="line-height: inherit;"> of <span>2026</span> are expected to add <span>34</span> thousand m&#179; and </span><span style="line-height: inherit;"><span>4</span></span><span style="line-height: inherit;"><span>0</span> thousand m&#179; to Ultracargo&#8217;s total installed capacity, respectively.</span></span></p>
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<p style="margin: 10pt 0pt 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">A.<span>2</span>.&#160; Discontinued operations </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As part of the review of our business portfolio aimed at streamlining and expanding our business operations through Ultragaz, Ipiranga and Ultracargo, within the energy, mobility and logistics infrastructure sectors in Brazil, we sold Oxiteno and Extrafarma.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Oxiteno </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">In August 2021, we announced the signing of a share purchase agreement for the sale of all shares of Oxiteno to Indorama and, on April 1, 2022, the transaction was closed.</span><span style="line-height: inherit;">&#160;</span><span style="line-height: inherit;">The initial payment of US$<span>1,150.0</span> million (equivalent to R$<span>5,449.6</span> million), adjusted by the variations in working capital and Net Debt position of Oxiteno of US$<span>176.4</span> million (equivalent to R$<span>834.0</span> million), resulted in the total initial payment of US$<span>1,326.4</span> million (equivalent to R$<span>6,283.6</span> million), which was settled on April 1, 2022. The final payment of US$<span>150.0</span> million (equivalent to R$<span>749.4</span> million</span><span style="color: #231f20; line-height: inherit;">)</span><span style="line-height: inherit;"> was settled on April 1, 2024.</span><span style="line-height: inherit;">&#160;</span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The conversions between U.S. dollars and </span><span style="font-style: italic; line-height: inherit;">Reais</span><span style="line-height: inherit;"> were based on the exchange rate of R$<span>4.74</span> to US$<span>1.00</span> on March 31, 2022 and of R$<span>5.00</span> to US$<span>1.00</span> on March 31, 2024, which were the commercial selling rates for U.S. dollars as of the respective dates, as reported by the Central Bank.</span></span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Prior to its sale to Indorama, described above, Oxiteno was a wholly-owned subsidiary of the Company and had <span>eleven</span> industrial units across Brazil, the United States, Mexico and Uruguay, in addition to research and development centers and commercial offices in the Americas, Europe and Asia.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Extrafarma </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">In May 2021, Ultrapar entered into a share purchase agreement for the sale of all shares of Extrafarma to Pague Menos and, on August 1, 2022, the transaction was closed. The initial price of R$<span>700.0</span> million,</span> <span style="line-height: inherit;">adjusted by the variations in working capital and Net Debt position of Extrafarma of R$<span>37.8</span> million, resulted in the total amount of R$<span>737.8</span> million, which was settled on August 1, 2022. The payment of the last remaining installment of R$<span>182.7</span> million will be adjusted by DI + <span>0.5</span>% p.a. since August 1, 2022, and is due in August 2024 by Pague Menos. </span></span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Prior to its sale to Pague Menos, described above</span><span style="line-height: inherit;">, Extrafarma operated <span>399</span> drugstores in <span>ten</span> states of Brazil and <span>four</span> distribution centers, which were responsible for supplying all stores, located in <span>four</span> different cities: Benevides, in the state of Par&#225;; Aquiraz, in the state of Cear&#225;; Guarulhos, in the state of S&#227;o Paulo and S&#227;o Lu&#237;s, in the state of Maranh&#227;o.</span></span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Corporate events </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">On October</span><span style="line-height: inherit;">&#160;</span><span style="line-height: inherit;"><span>6</span>, <span>1999</span>, we concluded our initial public offering, listing our shares simultaneously on B<span>3</span> and NYSE. In <span>2000</span>, Ultra S.A.&#8217;s shareholders signed an agreement, assuring equal treatment of all shareholders (holders of both common and/or preferred shares) in the event of any change in control &#8211; tag-along rights. The agreement determined that any transfer of control of Ultrapar, either directly or indirectly, would only be executed in conjunction with a public offer by the acquiring entity to purchase the shares of all shareholders in the same proportion and under the same price and payment terms as those offered to the controlling shareholders. </span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">In April 2011, our Board of Directors approved the submission to our shareholders of a proposal to (a)</span><span style="line-height: inherit;">&#160;</span><span style="line-height: inherit;">convert any and all shares of preferred stock issued by the Company into common shares, on a <span>1</span>:<span>1</span> conversion ratio; (b)</span><span style="line-height: inherit;">&#160;</span><span style="line-height: inherit;">amend the Company&#8217;s Bylaws, modifying several of its provisions, aiming to strengthen the Company&#8217;s corporate governance; and (c)</span><span style="line-height: inherit;">&#160;</span><span style="line-height: inherit;">adhere to the </span><span style="font-style: italic; line-height: inherit;">Novo Mercado</span><span style="line-height: inherit;"> listing segment rules. As of the conversion, Ultrapar no longer had a controlling shareholder. Our shareholders approved all the proposals and, in August 2011, Ultrapar&#8217;s shares began trading on the </span><span style="font-style: italic; line-height: inherit;">Novo Mercado</span><span style="line-height: inherit;"> under the ticker symbol UGPA<span>3</span>. </span><span style="line-height: inherit;">Simultaneously, Ultrapar&#8217;s ADSs, formerly represented by preferred shares, began representing Ultrapar&#8217;s common shares and began trading on the NYSE under this new format.</span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">In April 2019, the Company&#8217;s Annual and Extraordinary General Meeting approved a stock split of Ultrapar&#8217;s common shares, whereby <span>one</span> existing share now represents <span>two</span> shares of the same class and type. The stock split did not alter Ultrapar&#8217;s total share capital and was effective as of April</span><span style="line-height: inherit;">&#160;</span><span style="line-height: inherit;"><span>24</span>, <span>2019</span>.</span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">In August 2020, Ultra S.A. and Parth entered into the <span>2020</span> Shareholders&#8217; Agreement to include P&#225;tria, in its capacity as Ultra S.A.&#8217;s shareholder then holding a <span>20</span>% stake in Ultra S.A.&#8217;s capital stock, as consenting intervening party, therefore bound by the provisions of the <span>2020</span> Shareholders&#8217; Agreement. The <span>2020</span> Shareholders&#8217; Agreement replaced the <span>2018</span> Shareholders&#8217; Agreement in its entirety, and the terms and conditions remained substantially the same of the latter.</span><span style="line-height: inherit;"> On September 28, 2021, Ultra S.A. informed the Company that Mr. Marcos Marinho Lutz, our Ch</span><span style="line-height: inherit;">airman of the Board of Directors</span><span style="line-height: inherit;">, became a shareholder of Ultra S.A., holding <span>2.4</span>% of its capital stock, and became a consenting intervening party of the <span>2020</span> Shareholders&#8217; Agreement</span><span style="line-height: inherit;">. For more information about the <span>2020</span> Shareholders&#8217; Agreement, see &#8220;Item <span>7</span>.A. Major shareholders and related party transactions&#8212;Major shareholders&#8212;Shareholders&#8217; Agreements&#8221; and &#8220;Exhibit <span>2.9</span>&#8212;Shareholders&#8217; Agreement dated August 18, 2020.&#8221;</span></span></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">In March 2022, Ultrapar was notified by Ultra S.A. about the acquisition by Fabio Igel and Marcos Lutz of shares issued by IgelPar Participa&#231;&#245;es S.A. (&#8220;IgelPar&#8221;) owned by P&#225;tria. IgelPar is a shareholder of Ultra S.A. holding, as of April 2, 2024, <span>4.3</span>% of its capital stock. After the acquisition, Mr. Igel and Mr. Lutz</span> <span style="line-height: inherit;">hold <span>50.1</span>% and <span>49.9</span>% of IgelPar, respectively. The total number of shares linked to the Ultrapar Shareholders&#8217; Agreement remained unchanged. </span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In May 2023, Ultrapar was notified by Ultra S.A. and Parth that the shareholders bound by the <span>2020</span> Shareholders' Agreement increased their ownership position in the Company. A total of 35.6% of the Company&#8217;s capital stock is bound by the <span>2020</span> Shareholder&#8217;s Agreement as of April 14, 2025.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Company management </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">As part of a planned succession process, consistent with the Company&#8217;s governance, in May 2018, Paulo Guilherme Aguiar Cunha, after more than <span>four</span> decades of contributions, resigned as Chairman of the Board of Directors, and Pedro Wongtschowski, Vice-Chairman of the Board of Directors and Chief Executive Officer of Ultrapar between <span>2007</span> and <span>2012</span>, was elected Chairman. Mr.</span><span style="line-height: inherit;">&#160;</span><span style="line-height: inherit;">Lucio de Castro Andrade Filho, who joined the Company in <span>1977</span> and had been a member of the Board of Directors since <span>1998</span>, was elected for the position of Vice-Chairman of the Board of Directors. </span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other important succession movements took place at the senior management level between <span>2018</span> and <span>2020</span>, with the appointment of Rodrigo de Almeida Pizzinatto, Tabajara Bertelli Costa, Marcelo Pereira Malta de Ara&#250;jo and D&#233;cio de Sampaio Amaral as Chief Executive Officers of Extrafarma, Ultragaz, Ipiranga and Ultracargo, respectively, equally aligned to a planned succession process which blended internal promotions and attraction of external talents. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In September 2020, the Board of Directors elected Rodrigo Pizzinatto, Chief Executive Officer of Extrafarma at that time, as our Chief Financial and Investor Relations Officer, after the resignation of Andr&#233; Pires de Oliveira Dias. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In September 2021, Ultrapar announced the succession plan of the leadership of its Board of Directors, developed under the leadership of the Chairman at that time, Pedro Wongtschowski, whose mandate ended in April 2023. To succeed him at the end of his term of office, the Board of Directors decided upon the preparation of Marcos Marinho Lutz to potentially recommend him for the Chairman position. As part of this process, Marcos Lutz assumed the position of Chief Executive Officer of Ultrapar in January 2022. Additionally, Frederico Pinheiro Fleury Curado, our Chief Executive Officer from <span>2017</span> to <span>2021</span>, was elected to the position of Vice-Chairman of the Board of Directors, succeeding Lucio de Castro Andrade Filho, who retired at the end of <span>2021</span> after <span>45</span> years of dedication to the Company. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Also in September 2021, the Board of Directors approved the election of Leonardo Remi&#227;o Linden as Chief Executive Officer of Ipiranga and the election of Marcelo Pereira Malta de Ara&#250;jo as Chief Corporate Development &amp; Advocacy Officer of Ultrapar. Both changes took place in October 2021.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In April 2022, as a result of the sale of all shares issued by Oxiteno S.A. Ind&#250;stria e Com&#233;rcio to Indorama, Mr. Jo&#227;o Benjamin Parolin submitted a letter of resignation from his position as Executive Officer of Ultrapar. The Board of Directors decided to keep this position vacant. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">In April 2023, as a part of the succession plan of the leadership of the Board of Directors, Pedro Wongtschowski left the Company after <span>45</span> years of dedication and contributions to Ultrapar both in executive roles and on the Board of Directors, of which he was a member since <span>2013</span>. Frederico Curado, who joined Ultrapar in <span>2017</span> as Chief Executive Officer and the Board of Directors </span><span style="line-height: inherit;">in <span>2022</span>, also decided to leave the Company, after having played a relevant role in renewing the Company&#8217;s management team and reviewing its portfolio, among other contributions. </span></span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In addition, at the Annual and Extraordinary General Shareholders&#8217; Meeting held on April 19, 2023, new members of the Board of Directors were elected. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Such new members were reelected by the Annual and Extraordinary General Shareholders&#8217; Meeting held on April 16, 2025, for a new mandate.</span><span style="line-height: inherit;"> Also, Ana Paula Vescovi, who was member of the Board of Directors since <span>2019</span>, was replaced by V&#226;nia Neves. </span></span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">As part of the sucession plan, t</span><span style="line-height: inherit;">he new Board of Directors</span> <span style="line-height: inherit;">elected </span><span style="line-height: inherit;">Marcos Lutz to the position of Chairman of the Board of Directors and </span><span style="line-height: inherit;">Jorge Camargo</span><span style="line-height: inherit;">, an independent member, </span><span style="line-height: inherit;">was elected to the position of Vice-Chairman.</span></span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">At the senior management level, t</span><span style="line-height: inherit;">he Board of Directors also elected Rodrigo de Almeida Pizzinatto as Chief Executive Officer</span><span style="line-height: inherit;"> and Alexandre Mendes Palhares as Chief Investor and Financial Officer</span><span style="line-height: inherit;">. Also, considering the end of their term of office</span><span style="line-height: inherit;"> of the Executive Officers elected in April 2023</span><span style="line-height: inherit;"> and the ne</span><span style="line-height: inherit;">w governance structure of the Company, Bernardo Sacic</span><span style="line-height: inherit;">, Marina </span><span style="line-height: inherit;">Guimar&#227;es Moreira Mascarenhas and Manuella Carvalho Campos de Oliveira were elected as executive officers o</span><span style="line-height: inherit;">f the Company.</span></span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>29</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Recent developments </span></p>
<p style="margin: 10pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; break-after: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">Issuance</span><span style="font-style: italic; font-weight: bold; line-height: inherit;"><span>&#160;</span>of foreign loan</span><span style="font-style: italic; font-weight: bold; line-height: inherit;"><span>&#160;</span>by Ultragaz</span></span></p>
<p style="margin: 10pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: 1.2; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 21.3pt;">On February 14, 2025, Ul<span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; break-after: avoid;">tragaz</span><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; break-after: avoid;">&#160;<span>realized the issuing of foreign loan (without financial
covenants) on the amount of USD 100.0 millions (equivalent to R$ 577.9 million on
transaction moment), with financial charges of SOFR + 0.91% p.a. and maturing
on February 13, 2026. The subsidiary entered into hedging instruments against
foreign exchange and interest rate variations on american dollar, changing
financial charges to 102.90% of DI.</span></span></span></span></p>
<p style="margin: 10pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; break-after: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">Issuing of c</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">onstitutional<span>&#160;</span></span><span style="font-style: italic; font-weight: bold; line-height: inherit;">f</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">und<span>&#160;</span>by<span>&#160;</span>Ultracargo</span></span></p>
<p style="margin: 10pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; break-after: avoid; text-align: justify; text-indent: 21.3pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;">On Februar<span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; break-after: avoid;">y 6, 2025, the subsidiary&#160; <span>Ultracargo Log&#237;stica realized the issuing of Northeast region
constitutional fund (without financial covenants) on the amount of R$ 101.0 million,
with financial charges of IPCA + 2.93% p.a. and maturing on November 15, 2041.
The subsidiary entered into hedging instruments changing financial charges to
69.65% of DI</span></span></span><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; break-after: avoid;">.</span></span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Issuance of shares</span></p>
<p style="margin: 10pt 0pt 10pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">On February 2</span><span style="line-height: inherit;"><span>6</span></span><span style="line-height: inherit;">, <span>202</span></span><span style="line-height: inherit;"><span>5</span></span><span style="line-height: inherit;">, the Company&#8217;s Board of Directors approved the issuance of </span><span style="line-height: inherit;"><span>67,679</span></span><span style="line-height: inherit;"> common shares within its authorized capital provided for in the Company&#8217;s Bylaws, due to the partial exercise of the subscription warrants issued by the Company in connection with the merger of shares of Extrafarma by the Company, approved by our Extraordinary General Shareholders&#8217; Meeting</span> <span style="line-height: inherit;">held on January 31, 2014. As of the date of this annual report, the Company&#8217;s capital stock is comprised of <span>1,115</span>,</span><span style="line-height: inherit;"><span>507,182</span></span><span style="line-height: inherit;"> common shares, all registered and with no par value. This issuance of shares did not generate an increase in share capital value of the Company, since all Extrafarma&#8217;s assets were already recorded in</span> <span style="line-height: inherit;">Ultrapar&#8217;s financial statements.</span></span></p>
<p style="margin: 10pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; break-after: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 10pt 0pt 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; break-after: avoid;"> <b><i><span>Issuance of Debentures by Ultracargo</span></i></b></span> <br/></span></p>
<p style="margin: 10pt 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; ;font-style: normal; ;text-decoration: none; ;font-weight: normal; ;color: black;"><span> <span>On March 31, 2025, the subsidiary Ultracargo issued its 4th
series of debentures (without financial covenants), amounting to R$ 350.0 million,
with financial charges of USD +5.32% per year and maturity on April 2, 2026.
The subsidiary contracted instruments to hedge against U.S. dollar interest
rates and currency fluctuation, converting the financial charges to 101.65% of
the DI rate</span>.</span></span></p>
<p style="margin: 10pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; break-after: avoid; text-align: justify; line-height: 1.2;"><span style="font-style: italic; font-weight: bold; font-family: 'times new roman', times; font-size: 10pt; break-after: avoid; color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;"> <b><i><span>Foreign Loan obtained by Ipiranga</span></i></b> </span></p>
<p style="margin: 10pt 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; text-decoration: none; font-weight: normal; color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; break-after: avoid;"> <span>On April 4, 2025, the subsidiary Ipiranga secured a Foreign
Loan (without financial covenants) amounting to USD 86.9 million (equivalent to R$
500.0 million at the time of the transaction), with financial charges of USD +4.0154%
per year and maturity on April 2, 2026. The subsidiary took measures to hedge
against U.S. dollar interest rates and currency changes, converting the
financial charges to 103.80% of the DI rate. The funds from this operation were
used to prepay the CCB Trade related debt of R$ 500.0 million</span>.</span></p>
<p style="margin: 10pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; break-after: avoid; text-align: justify; line-height: 1.2;"><span style="font-style: italic; font-weight: bold; font-family: 'times new roman', times; font-size: 10pt; break-after: avoid; color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><b><i><span style="margin: 10pt 0pt 0pt; text-indent: 0px; text-align: justify; line-height: 1.2;"><span style="font-style: italic; font-weight: bold; font-family: 'times new roman', times; font-size: 10pt; break-after: avoid; color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;"> <b><i><span>Constitutional Fund Financing by Ultracargo</span></i></b></span> <br/></span></i></b></span></p>
<p style="margin: 10pt 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; text-decoration: none; font-weight: normal; color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; break-after: avoid;"> <span>On April 10, 2025, the subsidiary Ultracargo Log&#237;stica
secured financing from the North Region Constitutional Fund (without financial
covenants), amounting to R$ 106.4 million, with financial charges of IPCA + 3.15% per
year and maturity on February 15, 2037</span>.</span></p>
<p style="margin: 10pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; break-after: avoid; text-align: justify; line-height: 1.2;"><span style="font-style: italic; font-weight: bold; font-family: 'times new roman', times; font-size: 10pt; break-after: avoid; color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;"><b><i><span> <b><i><span>Increase in share capital through statutory reserve</span></i></b> </span></i></b></span></p>
<p style="margin: 10pt 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; text-decoration: none; font-weight: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; break-after: avoid; color: #000000; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;"> <span>On April 16, 2025, was approved on the Ordinary and
Extraordinary General Shareholders&#8217; Meeting (&#8220;OEGM&#8221;) approved by majority
votes, without amendments or exceptions, the increase of Company&#8217;s share
capital on the amount of R$ 1,365.3 million, without the issuance of new shares,
through the incorporation to the share capital of the resources recorded in the
statutory reserve for Investments</span>.</span></p>
<p style="margin: 10pt 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; text-decoration: none; font-weight: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; break-after: avoid; color: #000000;"><br/></span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">B.</span><span style="font-weight: bold; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;</span><span style="font-weight: bold; line-height: inherit;">Business overview </span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Ultrapar is a Brazilian company with its origins in <span>1937</span> when Ernesto Igel founded Ultragaz. Since then, Ultrapar has become <span>one</span> of the largest business groups of Brazil, with an outstanding position in the energy, mobility and logistics infrastructure segments through, Ultragaz, </span><span style="line-height: inherit;">Ipiranga,</span> <span style="line-height: inherit;">Ultracargo and Hidrovias. </span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The following chart simplifies our organizational structure as of the date of this annual report, showing our main businesses. For more detailed information about our current organizational structure, see &#8220;Item <span>4</span>.C. Information on the Company&#8212;Organizational structure.&#8221; </span></span></p> </div>
<div style="line-height: 1.2; margin: 0pt; text-indent: 0pt;">
<p style="margin: 5pt 0pt 0pt; break-after: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;<img src="imgeaddc845df19495c88a6.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"/></span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The sales of Oxiteno and Extrafarma were closed on April 1, 2022 and on August 1, 2022, respectively, and as a result these companies are no longer part of Ultrapar&#8217;s business portfolio as of these dates. For more information on our continuing and discontinued operations, please see &#8220;Item <span>4</span>.A. History and development of the Company &#8212;A.<span>1</span>. Continuing operations&#8221; and &#8220;&#8212;A.<span>2</span>. Discontinued operations.&#8221;</span></p>
<p style="margin: 0px; break-after: avoid; text-align: justify; text-indent: 0px;"><br/></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>30</span></span></td> </tr> </tbody> </table> </div>
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<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Our strengths </span></p>
<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Relevant market positions across our main businesses</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Ipiranga is <span>one</span> of the largest fuel distributors in Brazil with a <span>17</span></span><span style="line-height: inherit;">.</span><span style="line-height: inherit;"><span>3</span>% market share (considering only diesel, gasoline and ethanol) in <span>2024</span>, according to ANP, and a network of <span>5</span></span><span style="line-height: inherit;">.</span><span style="line-height: inherit;"><span>860</span> service stations. Furthermore, it operates in the business-to-business market (B<span>2</span>B), supplying fuel and managing the supply of companies of different segments and sizes. There are more than</span> <span style="line-height: inherit;"><span>6</span></span><span style="line-height: inherit;">.</span><span style="line-height: inherit;"><span>3</span> thousand large consumers who utilize Ipiranga&#8217;s products and services in their industrial, transport, logistics and cargo activities.</span></span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Ultragaz i</span><span style="line-height: inherit;">s <span>one</span> of the</span> <span style="line-height: inherit;">leaders</span><span style="line-height: inherit;"> in LPG distribution in Brazil, <span>one</span> of the largest markets worldwide. According to ANP, Ultragaz&#8217;s total volume of LPG sold in <span>2024</span> was </span><span style="line-height: inherit;"><span>1</span></span><span style="line-height: inherit;">.</span><span style="line-height: inherit;"><span>7</span></span><span style="line-height: inherit;"> million tons, leading to a market share of </span><span style="line-height: inherit;"><span>2</span></span><span style="line-height: inherit;"><span>2</span></span><span style="line-height: inherit;">.</span><span style="line-height: inherit;"><span>9</span></span><span style="line-height: inherit;">%. We believe the strength of its nationally recognized brand, consumer last-mile expertise and the close relationship with its customers enables Ultragaz to identify opportunities to expand its product offering, not only related to LPG, but other energy solutions as well.</span></span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Ultracargo is the largest private company in the liquid bulk storage industry in Brazil, according to ABTL, with <span>eight</span> terminals and a total installed capacity of <span>1,067</span></span><span style="line-height: inherit;">&#160;</span><span style="line-height: inherit;">thousand m&#179; in <span>2024</span>, providing it with strategic positioning in the main logistics hubs in the country.</span></span></p>
<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Capillarity, robust infrastructure and national presence</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As of December 31, 2024, Ipiranga&#8217;s <span>5,860</span> service stations were located in all Brazilian states, with a more prominent market presence in the Southeast and South regions. To supply its service station network, it also operates <span>90</span> storage terminals, with a total installed capacity of <span>1.132</span> thousand m&#179; among primary and secondary bases that are located in strategic positions throughout the country.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Ultragaz has a significant market presence in densely populated areas. Through its capillarity and last-mile expertise, Ultragaz developed an important role in the Brazilian LPG retail system. Ultragaz operates nationwide directly or through resellers with professionals visiting several customers daily. In <span>2024</span>, Ultragaz&#8217;s network served approximately </span><span style="line-height: inherit;"><span>57</span></span><span style="line-height: inherit;"> thousand business customers in the bulk segment and more than </span><span style="line-height: inherit;"><span>11</span></span><span style="line-height: inherit;"> million households in the bottled segment through a network of approximately </span><span style="line-height: inherit;"><span>6</span></span><span style="line-height: inherit;"> thousand independent retailers.</span></span></p>
<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultracargo is the largest independent liquid bulk storage company in Brazil and the only player in the liquid bulk storage sector that is present in most of the major ports in the country.</span></p>
<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Synergistic, robust and resilient business portfolio </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">We concentrate our activities in the</span> <span style="line-height: inherit;">energy, mobility and logistics infrastructure segments, through </span><span style="line-height: inherit;">Ipiranga, </span><span style="line-height: inherit;">Ultragaz, Ultracargo and Hidrovias, which we believe to be irreplicable assets with a consistent track record of operating results, solid operational scale, and structural competitive advantages. Our portfolio is complementary, synergistic, and focused on our core competencies and operational know-how, which we believe leverage the competitive advantages of each of our businesses, allowing for greater efficiency and value generation potential.</span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We believe Ultrapar&#8217;s businesses are simultaneously resilient and leveraged on the economic growth of Brazil. Some of Ultrapar&#8217;s businesses, such as the sale of LPG for residential use and fuels for light vehicles, are relatively resilient, due to their inelastic demand profile and, therefore, are less volatile in economic downturns.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We believe that our portfolio provides us with significant financial strength and flexibility, positioning us to seek further investment opportunities within the energy, mobility and logistics infrastructure sectors, with a growing focus on energy transition through renewable energy sources. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Strong brand recognition and close relationship with resellers</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We believe that our businesses have a high brand recognition associated with quality, safety, and efficiency that we continually strive to deliver. We intend to reinforce this market perception by continuing to supply high-quality products and services and introducing new services and distribution channels.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Our strong relationship with dealers is an essential asset for the Company. We offer distribution exclusivity and </span><span style="line-height: inherit;">differentiate</span><span style="line-height: inherit;"> incentive programs for resellers in Ultragaz and Ipiranga, and invest in training them to maximize efficiency, further strengthen our relationship with them and promote high-quality standards to all of our distribution network.</span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">In addition, network management and engagement have been <span>one</span> of the main fronts on which Ipiranga&#8217;s management has focused its attention in the last years,</span> <span style="line-height: inherit;">and are <span>one</span> of the <span>four</span> pillars of Ipiranga&#8217;s turnaround plan. During <span>2022</span> and <span>2023</span>, Ipiranga conducted a legacy management process of its service stations, with a complete review of the network to optimize operations and to allow Ipiranga to strengthen its relationship with resellers that are considered true business partners, engaging with them in a close and transparent manner.</span></span></p>
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<p style="margin: 10pt 0pt 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Cost-efficient operations</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga also has a significant market presence in Brazil, which allows it to operate its extensive network of primary and secondary storage terminals and its distribution system in a cost-efficient manner. Also, the increased scale of Ipiranga allows improvements in efficiency and competitiveness in the distribution and sales processes, dilution of advertising, marketing and new product development expenses, and gains from economies of scale in administrative functions.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz has a significant market presence in densely populated areas, which allows it to operate its filling plants and distribution system with a high level of capacity utilization and efficiency with depth and capillarity. Additionally, Ultragaz launched in <span>2021</span> the SOU Program (Ultragaz Operation System Program), a strategic initiative focused on cost management that applies the lean methodology to standardize and improve the efficiency and quality of its processes in its bases.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultracargo&#8217;s presence in Brazil&#8217;s main logistic hubs provides it with increased operational flexibility, efficiency, and economies of scale. In addition, Ultracargo developed programs designed to improve its processes, such as Soul and Conecta, aimed at enhancing its productivity and operational efficiency to ensure a more efficient deployment of the company&#8217;s resources. For more information about these initiatives, see &#8220;Item <span>4</span>. Information on the Company&#8212;Industry and regulatory overview&#8212;B. Storage services for liquid bulk &#8212;Ultracargo&#8212; Storage facilities.&#8221;</span></p>
<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Innovation in the LPG sector</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">When Ultragaz was founded in <span>1937</span>, it was due to Mr. Ernesto Igel&#8217;s pioneering idea of using LPG as cooking gas in Brazil, through bottles acquired from Companhia Zeppelin. The gas stove began to replace the traditional wood stove, which dominated Brazilian kitchens at the time. Since then, Ultragaz has been positioning itself as an innovative company in the LPG segment. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For example, in <span>1995</span>, Ultragaz was the first player to introduce LPG small bulk delivery in Brazil, with distribution costs lower than that of the bottled segment. Also, in the past few years, Ultragaz has been creating and offering new solutions to clients in the bottled and bulk segments. For bulk clients, Ultragaz has been developing new energy solutions, allowing them to power their operations with LPG instead of other more carbon-intensive energy sources, reducing their costs through energy savings and reducing their carbon footprint. In this segment, Ultragaz strategy is focused on <span>two</span> areas: (i) the industrial, agribusiness and residential condominium segments and (ii) small and medium-sized businesses. New applications and services for LPG in these segments include the preheating of industrial furnaces, especially in steel, lead, asphalt manufacturing and metallurgical plants; the drying of grains and seeds, with greater operational and economic efficiency; and laundry shops, restaurants, bakeries, and residential condominiums, through agile and convenience services. Ultragaz has also been expanding its digital relationship channels in the bottled segment, to both resellers and final consumers.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Consistent business and differentiated value proposition in the liquid bulk storage services sector</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">In <span>2024</span>, clients with contracts of more than <span>three</span> years accounted for </span><span style="line-height: inherit;"><span>61</span>% </span><span style="line-height: inherit;">of Ultracargo&#8217;s revenues, which evidences a long-term commercial relationship with them and stability for Ultracargo. In addition, the company operates with a diversified portfolio of clients. Ultracargo&#8217;s <span>ten</span> largest clients accounted for <span>62</span>% of its revenues in <span>2024</span>, with its <span>three</span> largest clients (including Ipiranga, a related party), accounting for <span>37</span>%.</span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">All of Ultracargo&#8217;s contracts also contemplate a take-or-pay clause, in which the client is guaranteed to have the contracted storage capacity available, and Ultracargo is guaranteed to be paid for providing such availability, even if it is not fully used or not used at all. This further contributes to revenue stability, despite market volatility. Additionally, before starting to build a new terminal, Ultracargo seeks to enter into offtake agreements and guarantee the handling of products once it starts operating.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Through its multipurpose terminals, strategically located in Brazil, Ultracargo operates a wide range of products, such as fuels, ethanol, chemicals, corrosives and vegetable oils, which allows it to meet the needs of different clients. Besides other skills that enable Ultracargo to efficiently operate multipurpose terminals, the company has </span><span style="line-height: inherit;">important</span><span style="line-height: inherit;"> operational know-how and engineering expertise concerning proper coating and cooling temperatures of its tanks to avoid chemical reactions that could affect the safety of the terminals. This product diversification also contributes to mitigating the effects of volatility in the commercial environment of a single product in the company&#8217;s revenues and positions Ultracargo to benefit more from spot sales. As Ultracargo&#8217;s terminals are able to handle fuels, either fossil fuels or biofuels, we see the company well-positioned for the energy transition.</span></span></p>
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<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Distinguished positioning in the fuel distribution sector </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">We believe that Ipiranga differentiates itself from its competition in the sector by having a more diverse array of products and services, thereby being a more convenient choice for customers. It has the largest franchise brand in the convenience stores segment, through AmPm, and in the lubricants segment, through Jet Oil. In <span>2024</span>, AmPm had a network of </span><span style="line-height: inherit;"><span>1</span></span><span style="line-height: inherit;">,</span><span style="line-height: inherit;"><span>450</span></span><span style="line-height: inherit;"> stores, while Jet Oil had </span><span style="line-height: inherit;"><span>1,120</span></span><span style="line-height: inherit;"> units. Ipiranga also has <span>one</span> of the largest loyalty programs in Brazil, called Km de Vantagens</span><span style="line-height: inherit;">.</span><span style="line-height: inherit;"> Ipiranga also has a <span>56</span>% stake in Iconic, a leader company in the lubricants segment in Brazil.</span></span></p>
<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Strong corporate governance structure and alignment of interests</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We believe we have been among Brazil&#8217;s leaders in the development and adoption of best practices in corporate governance. We use capital markets not only as an investment resource but also as a driver for the development and consolidation of our corporate culture. <span>One</span> of the central pillars of this culture is a shared responsibility concept, based on the alignment of interests.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We have a solid track record of pioneering initiatives in corporate governance. In <span>1999</span>, we were the first company to go public simultaneously on B<span>3</span> and the NYSE under an ADS Level III program. In <span>2000</span>, we became the first company in Brazil to offer all our shareholders tag-along rights at the same price in the case of a change of control. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">In <span>2011</span>, we completed the implementation of a new corporate governance structure, which we believe further aligned our shareholders&#8217; interests by converting all preferred shares into common voting shares. The conversion resulted in all our shares having identical voting rights, which allows our shareholders to participate in the decisions of our shareholders&#8217; meetings without (i)</span><span style="line-height: inherit;">&#160;</span><span style="line-height: inherit;">any limitations on voting rights, (ii)</span><span style="line-height: inherit;">&#160;</span><span style="line-height: inherit;">special treatment to current shareholders or (iii)</span><span style="line-height: inherit;">&#160;</span><span style="line-height: inherit;">mandatory public tender offers at a premium to market prices once a certain beneficial ownership threshold is achieved. In that same year, our shares were listed on the </span><span style="font-style: italic; line-height: inherit;">Novo Mercado</span> <span style="line-height: inherit;">segment of B<span>3</span>, which is the B<span>3</span> segment with the highest standards of corporate governance and transparency. </span><span style="line-height: inherit;">As of the date of this annual report</span><span style="line-height: inherit;">, Ultrapar is a </span><span style="line-height: inherit;">component of some of B<span>3</span> stock indices that extol companies with great corporate governance initiatives, such as the IGCT, IGC-NM, IGCX, ITAG </span><span style="line-height: inherit;">and ISE.</span> </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">To further enhance our corporate governance structure, we have a robust compliance program. <span>One</span> of the pillars of our compliance program is related to its guidelines composed of our Code of Ethics, a document revised in </span><span style="line-height: inherit;">December</span><span style="line-height: inherit;">&#160;<span>202</span>4</span><span style="line-height: inherit;">&#160;that guides the conduct of the Company members and their representatives from the external public, and our Corporate Policies, a set of more prescriptive documents covering procedures and controls to be adopted on topics such as corruption, good competition practices, conflicts of interest, among other issues related to corporate integrity. All these guidelines were approved by the Board of Directors and serve as a basis for training the employees of Ultrapar, in addition to be a reference to enforce the consequences in cases of misconduct. Ultrapar also has a Conduct Committee, a body directly linked to the Board of Directors, which consists of an independent and external president and executives of Ultrapar, including the Risks, Integrity and Audit Director, with the purpose of managing the application of the Code of Ethics, among others. </span></span></p>
<p style="margin: 12pt 0pt 5pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Our robust governance structure also includes the People and Sustainability Committee, which has been in place since <span>2011</span>, the Investments Committee, which has been in place since <span>2019</span>, and the Audit and Risks Committee which, since <span>2019</span>, is a permanent body with independent board members.</span></p>
<p style="margin: 12pt 0pt 5pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In addition, to strengthen the alignment of interests between management and shareholders, members of Ultrapar&#8217;s management receive variable short-term compensation linked to performance based on financial goals defined for each business and for Ultrapar, in addition to individual goals associated with the businesses&#8217; operating and commercial performance, people development, projects execution, among other objectives, always in line with the strategic plan approved by the Board of Directors. Since <span>2022</span>, executives have at least <span>1</span>/<span>3</span> of their individual goals related to the ESG agenda. The long-term compensation plan, through which the Company&#8217;s executives become shareholders of Ultrapar, is mainly based on restricted shares, which are transferred to the executive&#8217;s ownership at the end of the vesting period.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Furthermore, we believe we are led by a strong and experienced management team with a proven track record in the energy, mobility and logistics infrastructure industries. As of the date of this annual report, our Board of Directors consisted of <span>nine</span> members,</span> <span style="line-height: inherit;"><span>seven</span> of whom being independent members. Under the Company&#8217;s Bylaws, our Board of Directors must be composed of <span>5</span> to <span>11</span> members, of which at least <span>one</span>-third (or <span>two</span> members, the highest) must be independent members. In <span>2021</span> and in <span>2023</span>, we were awarded the stamp Women on Board, a recognition of our corporate culture of incentivizing gender equality and the presence of women in our board. </span></span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">On April 19, 2023, the Annual and Extraordinary General Shareholders&#8217; Meeting promoted an important renewal of the Board of Directors combining candidates who were members of the Company's management,</span> <span style="line-height: inherit;">with <span>four</span> new candidates, who brought relevant and complementary experiences to the Board. </span><span style="line-height: inherit;">On April 16</span><span style="line-height: inherit;">,</span><span style="line-height: inherit;"> <span>2025</span>, such members were reelected for another mandate, among other members</span><span style="line-height: inherit;">. </span><span style="line-height: inherit;">As a result</span><span style="line-height: inherit;">, </span><span style="line-height: inherit;">Ana Paula Vescovi, who was member of the Board of Directors since <span>2019</span> was replaced by V&#226;nia Neves</span><span style="line-height: inherit;">.</span> <span style="line-height: inherit;">Furthermore</span><span style="line-height: inherit;">, t</span><span style="line-height: inherit;">he Board of Directors approved an important</span><span style="line-height: inherit;"> renewal </span><span style="line-height: inherit;">at</span> <span style="line-height: inherit;">the senior management level.</span></span></p>
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<p style="margin: 10pt 0pt 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Value creation through a holding structure</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As part of our portfolio, we consider the holding structure as a potential leverage to value creation in our Company. As a holding company with a diversified portfolio, scale, and listing in the domestic and international markets, we are able to access different sources and types of financing more efficiently than each of our businesses individually. The holding structure also allows for tax and capital allocation optimization, scale to administrative functions, attraction and retention of talented professionals, as well as institutional strength.</span></p>
<p style="margin: 12pt 0pt 5pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">In <span>2024</span>, Ultrapar announced a new governance model for its <span>three</span> main businesses</span><span style="line-height: inherit;"> (Ipiranga, Ultragaz and Ultracargo)</span><span style="line-height: inherit;">, with the management </span><span style="line-height: inherit;">of </span><span style="line-height: inherit;">each such business henceforth reporting to its own Board of Directors. This governance model seeks to create greater agility, independence and accountability for each such business of Ultrapar. The holding structure consolidates these businesses and acts as a portfolio manager with a focus on long-term value generation across </span><span style="line-height: inherit;">these</span><span style="line-height: inherit;"> businesses. For more information, see &#8220;Item <span>6</span>.A. Directors, senior management and employees&#8212;Directo</span><span style="line-height: inherit;">r</span><span style="line-height: inherit;">s and senior management.&#8221; </span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Strong operational track record </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Our Company has exhibited a solid operational track record. Since our Initial Public Offer on October 13, 1999, we have never ended a year with net loss, presenting an average compounded annual growth of net income attributable to shareholders of the Company of </span><span style="line-height: inherit;"><span>17</span>% f</span><span style="line-height: inherit;">rom <span>1999</span> to </span><span style="line-height: inherit;"><span>2024</span></span><span style="line-height: inherit;">, despite the overall macroeconomic volatility in Brazil and in the world during this same period.</span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Our strategies</span></p>
<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Build on our strengths</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 8pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>One</span> of our core strategies is to capitalize on our existing strengths, which have been important drivers of the Company&#8217;s growth, especially in recent years. We seek to preserve and further enhance the strengths described in &#8220;Item <span>4</span>.B. Information on the Company&#8212;Business overview&#8212;Our Strengths&#8221; as we look to the future. By leveraging our strategy in our established capabilities and resources, we aim to maintain our current market position and achieve sustainable growth.</span></p>
<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Streamline our business portfolio and further invest in the energy, mobility and logistics infrastructure sectors in Brazil</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 8pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Throughout <span>2021</span>, Ultrapar conducted a portfolio rationalization process, fully divesting from Oxiteno, Extrafarma and its <span>50</span>% stake in ConectCar, and concentrating its operations in the energy, mobility and logistics infrastructure sectors, in which we have robust operational scale, know-how and structural competitive advantages. In addition to allowing our management to focus on our core businesses, the divestments also contributed to reducing Ultrapar&#8217;s financial leverage. The revised business portfolio is mainly concentrated in Brazil, a country with several opportunities in the energy, mobility and logistics infrastructure industries and it is well </span><span style="line-height: inherit;">positioned in the context of energy transition via renewable energy sources. Ultrapar is also well positioned to take advantage of these opportunities, considering the main strengths of its businesses, as described in &#8220;Item <span>4</span>.B. Information on the Company&#8212;Business overview&#8212;Our Strengths.&#8221;</span></span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 8pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We see our holding company&#8217;s role as that of an active, long-term manager of a portfolio composed of selected businesses in which Ultrapar can be the strategic shareholder committed to maximizing value generation.</span></p>
<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Invest in building a succession pipeline for key leadership positions</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">We remain committed to building a pipeline of entrepreneurial leaders at Ultrapar as well as in our businesses. Through a combination of promoting internal talent, internal horizontal transfers and external hires, there has been a relevant renovation in senior management positions, covering all the senior management. From <span>2020</span> to <span>202</span></span><span style="line-height: inherit;"><span>4</span></span><span style="line-height: inherit;">, we renewed <span>89</span>% of our senior executives, which include our statutory executive officers and businesses&#8217; </span><span style="line-height: inherit;">officers</span><span style="line-height: inherit;">, and executive managers who report to our statutory executive officers, with a balanced mix of external hires and internal promotion and transfers. </span> <span style="line-height: inherit;">These movements have been carried out in a gradual, planned, and constructive manner. In the last years, we</span> <span style="line-height: inherit;">have</span><span style="line-height: inherit;"> worked to strengthen our management structure and governance, supporting the growth and longevity of Ultrapar.</span><span style="line-height: inherit;"> As part of our succession plan, </span><span style="line-height: inherit;">a</span><span style="line-height: inherit;">t the senior management level, the Board of Directors elected Rodrigo de Almeida Pizzinatto as Chief Executive Officer and Alexandre Mendes Palhares as Chief Investor and Financial Officer. </span><span style="line-height: inherit;">C</span><span style="line-height: inherit;">onsidering the end of the term of office of the Executive Officers elected in April 2023 and the new governance structure of the Company, Bernardo Sacic, Marina Guimar&#227;es Moreira Mascarenhas and Manuella Carvalho Campos de Oliveira were elected as executive officers of the Company</span><span style="line-height: inherit;">.</span></span></p>
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<p style="margin: 10pt 0pt 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Sustainability as part of the Company&#8217;s long-term strategic plan</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Sustainability is intrinsic to the strategic planning of Ultrapar and its businesses, and aims to mitigate risks, foster opportunities and protect the Company&#8217;s value generation potential in the long term. We first conducted a materiality assessment in <span>2019</span>, and since then, through a process guided by global macrotrends, specific businesses&#8217; characteristics, the stakeholders&#8217; perspectives and industry practices, we identified our strategic priorities in the coming years. The priorities, which cover the <span>three</span> ESG pillars (environmental, social and governance) and are connected to the United Nations (UN) Sustainable Development Goals (SDGs), are Ultrapar&#8217;s <span>seven</span> material topics: (i) health and safety; (ii) governance and integrity; (iii) energy transition; (iv) eco-efficient operations; (v) responsibility for the surrounding communities; (vi) value chain and (vii) inclusive culture and diversity. In <span>2023</span>, the Company made public commitments to its ESG goals for <span>2030</span>, which are aligned with the material topics.</span><span style="line-height: inherit;"> In <span>2024</span>, Ultrapar </span><span style="line-height: inherit;">made significant progress on its </span><span style="line-height: inherit;">sustainability journey</span><span style="line-height: inherit;">, </span><span style="line-height: inherit;">a critical element of our strategic framework and the foundation for updating our <span>2030</span> ESG plan, which is slated for completion in <span>2025</span>.</span></span></p>
<p style="margin: 0pt 0pt 5pt; page-break-after: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Invest in new energy solutions through Ultragaz</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">As part of our strategy to expand the offering of energy solutions through Ultragaz, in September and November 2022, Ultrapar announced the acquisition of all shares of Stella and NEOg&#225;s, respectively, and in June 2024, Ultrapar announced the acquisition of a <span>51.7</span>% stake in Witzler. Stella</span> <span style="line-height: inherit;">is a technology platform that connects renewable electricity generators and low voltage customers through distributed generation. NEOg&#225;s is a pioneer in the transportation of compressed natural gas in Brazil, operating in sectors such as the industrial, vehicular and development of special projects in partnership with natural gas distributors. Witzler </span><span style="line-height: inherit;">commercializes </span><span style="line-height: inherit;">electricity in the free market and </span><span style="line-height: inherit;">provides</span><span style="line-height: inherit;"> energy management </span><span style="line-height: inherit;">for</span><span style="line-height: inherit;"> high voltage customers.</span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Such</span><span style="line-height: inherit;"> acquisitions marked Ultragaz&#8217;s entry into their respective sectors, which is in line with its strategy of expanding the offering of energy solutions to customers, leveraging on its capillarity, commercial strength, the Ultragaz brand and its extensive base of industrial and residential customers. </span></span></p>
<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Expand our bulk storage capacity, including to inland operations, while seeking to maximize assets utilization</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Ultracargo&#8217;s growth is mainly driven by expanding its installed capacity or increasing the utilization rate of its terminals. Over the last few years, Ultracargo has expanded its installed capacity and diversified its geographic position with gains of scale. In addition, Ultracargo began in <span>2023</span> to expand to inland liquid bulk storage and logistics operations, considering the growth of agribusiness and the growing demand for biofuels. The first move of Ultracargo to inland operations was in April 2023, when Ultracargo signed an agreement for the acquisition of a <span>50</span>% stake in Opla, the largest independent terminal of ethanol in Brazil. For more information on recent and future capacity expansions already announced by Ultracargo, also related to inland terminals, see &#8220;Item <span>4</span>. Information on the Company&#8212;Industry and regulatory overview&#8212;B. Storage services for liquid bulk &#8212;Ultracargo&#8212;</span> <span style="line-height: inherit;">Increases in installed capacity.&#8221;</span></span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Ultracargo also seeks to maximize its assets utilization rates through more efficient operations and diversification of transportation modes at each terminal. For example, Ultracargo created <span>two</span> programs, Soul and Conecta, to enhance operational efficiency, improve processes and management, reduce waste and increase safety standards. For more information on Soul and Conecta, see &#8220;Item <span>4</span>. Information on the Company&#8212;Industry and regulatory overview&#8212;B. Storage services for liquid bulk &#8212;Ultracargo&#8212;</span> <span style="line-height: inherit;">Operational efficiency and technology.&#8221; Furthermore, Ultracargo is currently investing in the construction of railway branches at Paul&#237;nia (state of S&#227;o Paulo) to improve the transport of ethanol from the recently acquired Rondon&#243;polis terminal to Opla, to improve liquid bulk flow and increase the potential utilization of the installed capacity in this terminal.</span></span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The logistics corridor connecting S&#227;o Paulo and Mato Grosso (SP-MT) plays a crucial role in ensuring efficient transportation and distribution of ethanol and fuel derivatives between Brazil&#8217;s main production and consumption centers. The Rondon&#243;polis terminal in Mato Grosso serves as a key hub for transporting corn ethanol to Paul&#237;nia (SP), <span>one</span> of the country's main storage and distribution hubs. The railway network plays a strategic role in this flow, ensuring efficiency and cost reduction in ethanol transportation to Greater S&#227;o Paulo and the Port of Santos. Santos is home to Ultracargo's largest storage terminal, strategically positioned to handle the growing demand for fuel imports and ethanol exports. </span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Maranh&#227;o-Tocantins (MA-TO) logistics corridor plays a strategic role in optimizing fuel distribution in a region with a structural production deficit. The Port of Itaqui serves as a key hub, ensuring efficient imports and distribution, while Palmeirante strengthens the corridor as a strategic rail terminal, enhancing connectivity to Maranh&#227;o, Tocantins, and Mato Grosso. With rail transport playing a central role, this corridor improves supply chain efficiency, reduces costs, and supports the region&#8217;s growing energy demand.</span></p>
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<p style="margin: 10pt 0pt 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Focus on safer and more efficient operations in fuel distribution </span></p>
<p style="margin: 10pt 0pt 0pt; text-indent: 24.5pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In <span>2022</span>, Ipiranga developed a turnaround plan focused on certain fundamental pillars of its business, including: (i) pricing intelligence, (ii) logistics and distribution, (iii) supply and trading and (iv) network management and engagement. Since then, the company has made significant advances, especially on the pillars of pricing, trading and network engagement, but we still have room to further unlock value, mainly on the logistics and distribution front.</span></p>
<p style="margin: 10pt 0pt 0pt; text-indent: 24.5pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We see logistics and distribution as a more long-term, structural initiative, focused on optimizing processes and systems, increasing logistics efficiency and achieving better service levels. Ipiranga will seek to continuously invest in its logistic infrastructure in order to create a safer and more efficient operation, reduce the company&#8217;s operating costs and improve its productivity gains.</span></p>
<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Develop the trading operations in fuel distribution</span></p>
<p style="margin: 10pt 0pt 0pt; text-indent: 24.5pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Supply and trading have been <span>one</span> of the main topics on which Ipiranga&#8217;s management has focused its attention, and <span>one</span> of the <span>four</span> pillars of Ipiranga&#8217;s turnaround plan. As Petrobras no longer supplies all the Brazilian market, there has been a necessity of distributors to supply their networks with either other local refineries&#8217; products or imports and, therefore, the supply and trading intelligence has been a major competitive differentiation factor for companies engaged in the Brazilian fuel distribution market, as discussed in &#8220;Item <span>5</span>. Operating and financial review and prospects&#8212;D. Trend information.&#8221;</span></p>
<p style="margin: 10pt 0pt 0pt; text-indent: 24.5pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Since <span>2022</span>, we have seen several benefits of active and strategic trading operations on supply optimization, allowing Ipiranga to access global suppliers and expand its product portfolio. Apart from its supply role, trading is also essential in creating opportunities to benefit from market trends and, to some degree, navigate through market volatility. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We see potential in further developing our trading operations, but we are also looking to do so carefully, as our skills, market intelligence and risk governance evolve. </span></p>
<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Promote and benefit from the formalization of the fuel distribution market</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 8pt; text-align: justify; text-indent: 35.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We plan to continue to collaborate with the competent authorities to promote improvements to legislation and to enhance regulatory enforcements in the fuel distribution sector to create a level playing field in the market, increasing sales volume in the formal market, and improving our gross margin, thus reducing the competitiveness of players which benefited from cost advantages derived from unfair practices.</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 8pt; text-align: justify; text-indent: 35.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For a more in-depth discussion on actions taken by Ipiranga and other market players to curb anticompetitive practices, see &#8220;Item <span>4</span>. Information on the Company&#8212;Industry and regulatory overview&#8212;C. Fuel distribution&#8212;Ipiranga&#8212;Anticompetitive practices.&#8221;</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Strengthen logistics infrastructure capabilities and expand presence in sectors exposed to the Brazilian agribusiness sector, through strategic investment in Hidrovias</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Ultrapar&#8217;s</span><span style="line-height: inherit;"> acquisition of</span><span style="line-height: inherit;"> an</span><span style="line-height: inherit;"> equity participation in Hidrovias align</span><span style="line-height: inherit;">ed</span><span style="line-height: inherit;"> with Ultrapar's strategic focus on logistics infrastructure, further diversifying its portfolio and enhancing its presence in sectors critical to Brazil's economy. It further underscores Ultrapar&#8217;s commitment to leveraging opportunities in logistics to create sustainable value. By investing in Hidrovias, Ultrapar aims to strengthen its operational efficiency, enhance regional connectivity, and capitalize on the growing demand for cost-effective </span><span style="line-height: inherit;">logistics solutions, while prioritizing</span><span style="line-height: inherit;"> the most competitive and </span><span style="line-height: inherit;">environmentally sustainable</span><span style="line-height: inherit;"> mode</span><span style="line-height: inherit;"> of transportation</span><span style="line-height: inherit;">. This strategic alignment positions Ultrapar to increase its logistics capabilities and to contribute to the broader development of critical supply chains. </span></span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In addition to opportunities in the mobility, energy and logistics infrastructure sectors, Ultrapar also seeks to expand its business portfolio in the agribusiness sector, which has been showing relevant growth in the Brazilian economy in recent years. Ultrapar considers Hidrovias, <span>one</span> of the largest providers of integrated logistical services in Latin America, to align well with its expansion goals, presenting a distinctive asset characterized by substantial size and a strong potential for value creation in this sector.</span></p>
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<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Risk management and strategy</span></p>
<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultrapar seeks protection against risks that may adversely impact the objectives and strategies established by its senior management. To ensure that risks are effectively assessed and monitored by the Executive Officers, the Audit and Risks Committee and the Board of Directors, a risk matrix that consolidates all of Ultrapar&#8217;s business risks was developed, encompassing <span>five</span> categories according to which the risks are classified and considering current and relevant topics to Ultrapar and its businesses. The <span>five</span> categories are described below: </span></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Strategic and sustainability risks</span><span style="line-height: inherit;"> are associated with external and internal factors which may impact the competitiveness of the businesses and the Company&#8217;s long-term objectives, such as the influence of politics and the economy, market regulations, technological revolutions, sustainability (social and environmental impacts), and capital allocation decisions, among others;</span></span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Operational risks</span><span style="line-height: inherit;"> are directly linked to the operation of the businesses, related to daily activities and safety, environmental, quality and logistics procedures, as well as the relationship with suppliers and customers;</span></span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Financial and capital market risks</span><span style="line-height: inherit;"> are related to accounting and financial management, level of indebtedness and cash flow, preparation of financial statements and other interactions with the financial and capital markets;</span></span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Integrity risks</span><span style="line-height: inherit;"> are of a behavioral and regulatory nature, which may have negative consequences for Ultrapar&#8217;s business and/or reputation; and</span></span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Cybersecurity risks</span><span style="line-height: inherit;"> are associated with the stability and operational continuity of the Company&#8217;s information technology systems, compliance with governance rules related to security, and processing and storage of personal, financial, operational and strategic data.</span></span></li> </ul>
<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Each topic is evaluated in a standardized way for all businesses, considering the internal and external environments and corporate or business-specific policies, and quantified in terms of impact and vulnerability, thus enabling greater focus of management on the most relevant risks. The resulting matrix, as well as risk analyses and proposed action plans, when necessary, are regularly discussed among the businesses, the Executive Officers, the Audit and Risks Committee and the Board of Directors.</span></p>
<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For information on cybersecurity threats, see &#8220;Item <span>3</span>.D. Key information&#8212;Risk factors&#8212;Information technology failures, including those that affect the privacy and security of personal data, as a result of cyber-attacks or other causes, could adversely affect our businesses and the market price of our shares and ADSs.&#8221;</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt 8pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Governance</span></p>
<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Ultrapar&#8217;s integrated risk management model has defined roles and responsibilities within different levels of its organizational structure, as described below. </span><span style="line-height: inherit;">This overall governance structure applies to all risks monitored by Ultrapar, including those arising from cybersecurity threats. However, each risk theme may rely on additional structures, depending on the specific needs and risks.</span></span></p>
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<p style="margin: 0px; break-after: avoid; text-indent: 0px; text-align: left;"><img src="img1bfd1b573a7c4a6fa78f.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"/></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 21.3pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Board of Directors is responsible for periodically assessing Ultrapar&#8217;s exposure to risks through the risks matrix and evaluating the effectiveness of risks management systems, thus ensuring that Ultrapar&#8217;s Executive Officers and the businesses are able to recognize, assess and control their risks properly.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 21.3pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Audit and Risks Committee is responsible for assessing the effectiveness of risks management and internal controls mechanisms, evaluating Ultrapar&#8217;s risks matrix and submitting it to the Board of Directors&#8217; approval, assisting the Board of Directors in assessing and defining acceptable risk levels and monitoring how risk non-conformities are being handled.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 21.3pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Risks, Integrity and Audit Department is directly linked to the Audit and Risks Committee and is responsible for establishing the methodology for an integrated and comparative view of risks at Ultrapar and coordinating risks presentations and reporting at all organizational levels.</span></p>
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<p style="margin: 10pt 0pt; text-align: justify; text-indent: 21.3pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultrapar&#8217;s Executive Officers are responsible for assessing the effectiveness of the risks management and internal controls mechanisms, proposing improvements to risks management mechanisms and validating the risks matrix before it is submitted to the Audit and Risks Committee.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 21.3pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The businesses&#8217; CEOs are responsible for providing the necessary resources for the execution and maintenance of risks management mechanisms in their respective business. </span><span style="line-height: inherit;">Officers</span><span style="line-height: inherit;"> of each business are responsible for guaranteeing the effective execution of risks mitigation and management mechanisms and controls in their jurisdiction, identifying and assessing business risks, quantifying risks in terms of impact and vulnerability in the business risks matrix and defining and implementing action plans for identified risks.</span></span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 21.3pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Risk </span><span style="line-height: inherit;">owners </span><span style="line-height: inherit;">are responsible for implementing risk mitigation and management mechanisms and controls, identifying business risks scenarios, describing the impact and vulnerability of the business in the identified risks scenarios, suggesting and executing action plans and mitigation controls and monitoring risks scenarios and indicators for their respective business. Each business also has risks and integrity departments of their own, which are responsible for disseminating the concepts of risks management in their business, supporting the Risks, Integrity and Audit Department, the directors and risk theme managers in identifying, quantifying and defining risks mitigation action plans, developing, monitoring and reporting controls related to the mitigation and management of risks in the business and supporting the implementation of risks mitigation action plans in their business.</span></span></p>
<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Environmental, social and governance</span></p>
<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">As Ultrapar believes that sustainability is an essential theme for the continuity of its businesses, it is part of its strategic planning. In this context, Ultrapar defined its <span>seven</span> material topics, which cover the <span>three</span> ESG pillars (environmental, social and governance) and </span><span style="line-height: inherit;">represent relevant topics on which the Company must focus its efforts. In <span>2022</span>, Ultrapar defined ambitions and goals for <span>2030</span> for each material topic and, in <span>2023</span>, disclosed them to the external public. </span></span></p>
<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Ultrapar published a Sustainability Report for the year ended December 31, 2024, which brings together highlights of the year in the areas of finance, operations and ESG. The report was prepared based on the GRI standards, includes the SASB indicators for the Oil and Gas sector (Refining and Marketing),</span> <span style="line-height: inherit;">and presents data on Ultrapar&#8217;s governance, strategy, risk management and climate performance</span><span style="line-height: inherit;"> in line with </span><span style="line-height: inherit;">best disclosure practices.</span></span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Material topics, ambitions and <span>2030</span> goals</span></p>
<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultrapar&#8217;s materiality matrix was created in <span>2019</span>, based on a process divided into <span>three</span> major stages: (i) analysis of studies linked to the sustainability agenda, media publications, comments disclosed by investors, government bodies and national and international entities, applicable legislation and standards, and an assessment of the status of the businesses and their sectors of activity; (ii) consultations with Ultrapar&#8217;s main stakeholders &#8211; the Executive Officers, shareholders and investors, employees, regulatory and supervisory bodies, sectoral entities, civil society organizations and the media; and (iii) validation of the matrix by the Board of Directors. </span></p>
<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We revised our materiality matrix in <span>2021</span> focusing on <span>seven</span> material topics, which we defined through a process guided by global macrotrends, specific business characteristics, stakeholders&#8217; perspectives and industry practices. The defined material topics are also linked to the United Nations (UN) Sustainable Development Goals. For each topic, the ESG <span>2030</span> Plan established an ambition and specific goals to be achieved by <span>2030</span>. The <span>seven</span> material topics of Ultrapar and their respective ambitions and goals for <span>2030</span> are:</span></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt; margin-left: 16px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Health and safety</span><span style="line-height: inherit;">: Ultrapar aims to ensure a strong health and safety culture, with processes and performance indexes at a level of excellence, providing quality of life for employees and safety for the communities surrounding our operations.</span></span></li> </ul>
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<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 30pt; padding-left: 7pt; text-align: justify; text-indent: 0pt; list-style-type: circle;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">Goals for <span>2030</span></span><span style="line-height: inherit;">: (i) reduce the lost-time injury frequency rate by <span>50</span>% (from an LTIF rate of <span>0.96</span> in <span>2020</span> to <span>0.5</span> in <span>2030</span>); (ii) reduce the process accident rate by <span>70</span>% (from a PSE rate of <span>1.55</span> in <span>2020</span> to <span>0.5</span> in <span>2030</span>) and (iii) ensure that employees are supported by healthcare and quality of life programs.</span></span></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 30pt; padding-left: 7pt; text-align: justify; text-indent: 0pt; list-style-type: circle;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">Results in <span>2024</span></span><span style="line-height: inherit;">: in <span>2024</span>, our LTIF rate was <span>0.55</span> (a decrease of <span>30</span>% compared to <span>2023</span> and of <span>43</span>% compared to <span>2020</span>), our PSE rate was <span>1.14</span> (an increase of <span>56</span>% compared to <span>2023</span> and a decrease of <span>26</span>% compared to <span>2020</span>) and we advanced on the definition of healthcare and quality of life programs.</span></span></li> </ul>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt; margin-left: 16px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Governance and integrity</span><span style="line-height: inherit;">: Ultrapar seeks to be a protagonist in governance and integrity, influencing the business environment in relation to the adoption of best practices and ethical conduct.</span></span></li> </ul>
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<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 30pt; padding-left: 7pt; text-align: justify; text-indent: 0pt; list-style-type: circle;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">Goals for <span>2030</span></span><span style="line-height: inherit;">: (i) achieve the highest level of integrity culture, evolving from proactive to a generative level based on the Hearts&amp;Minds culture diagnosis and (ii) ensure best practices in corporate governance, including, but not limited to, alignment of executive compensation, respect for minority shareholders and transparency of information.</span></span></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 30pt; padding-left: 7pt; text-align: justify; text-indent: 0pt; list-style-type: circle;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">Results in <span>2024</span></span><span style="line-height: inherit;">: in <span>2024</span>, we maintained the proactive level of integrity culture, with an A score in the MSCI ESG Rating and reentered the ISE B<span>3</span> portfolio, with a score of <span>86</span> out of <span>100</span> in the Corporate Governance dimension (an increase of <span>3</span> points compared to <span>2023</span>).</span></span></li> </ul>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt; margin-left: 16px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Energy transition</span><span style="line-height: inherit;">: Ultrapar intends to plan and implement strategies aimed at transitioning to a low-carbon economy.</span></span></li> </ul>
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<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 30pt; padding-left: 7pt; text-align: justify; text-indent: 0pt; list-style-type: circle;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">Goal for <span>2030</span></span><span style="line-height: inherit;">: implement measures to reduce and mitigate GHG emissions in operations, ensuring carbon neutrality (scope <span>1</span> and <span>2</span> emissions) from <span>2025</span> onwards.</span></span></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 30pt; padding-left: 7pt; text-align: justify; text-indent: 0pt; list-style-type: circle;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">Results in <span>2024</span></span><span style="line-height: inherit;">: in <span>2024</span>, <span>37</span>% of our scope <span>1</span> emissions were neutralized (an increase of <span>8</span> p.p. compared to <span>2023</span>) and <span>100</span>% of our scope <span>2</span> emissions were neutralized, in line with <span>2022</span>.</span></span></li> </ul>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt; margin-left: 16px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Eco-efficient operations</span><span style="line-height: inherit;">: Ultrapar aims to ensure excellence in the environmental management of operations, ensuring the efficient use of natural resources and optimizing waste management.</span></span></li> </ul>
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<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 30pt; padding-left: 7pt; text-align: justify; text-indent: 0pt; list-style-type: circle;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">Goals for <span>2030</span></span><span style="line-height: inherit;">: (i) maintain <span>100</span>% of electricity consumed from certified renewable sources; (ii) <span>zero</span> spills with a risk of contamination of soil and water and (iii) reduce to <span>zero</span> the volume of hazardous or non-hazardous waste sent to landfills, due to the use of more sustainable solutions (such as composting, recycling and co-processing)</span></span></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 30pt; padding-left: 7pt; text-align: justify; text-indent: 0pt; list-style-type: circle;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">Results in <span>2024</span></span><span style="line-height: inherit;">: in <span>2024</span>, <span>100</span>% of our consumed electricity was from renewable and certified sources, we had <span>zero</span> spills in <span>2023</span>, compared to <span>one</span> in <span>2022</span>, and <span>39</span>% of our waste was sent to landfills, <span>30</span> percentage points lower as compared to </span><span style="line-height: inherit;"><span>2022</span></span><span style="line-height: inherit;">.</span></span></li> </ul>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt; margin-left: 16px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Responsibility for the surrounding communities</span><span style="line-height: inherit;">: Ultrapar seeks to act responsibly regarding the surrounding communities of our operations, generating opportunities for local development.</span></span></li> </ul>
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<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 30pt; padding-left: 7pt; text-align: justify; text-indent: 0pt; list-style-type: circle;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">Goal for <span>2030</span></span><span style="line-height: inherit;">: invest in initiatives and partnerships that promote high-quality education and employment and income generation in the communities surrounding our operations, through the Company&#8217;s own resources, tax incentives and support for emergency actions.</span></span></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 30pt; padding-left: 7pt; text-align: justify; text-indent: 0pt; list-style-type: circle;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">Results in <span>2024</span></span><span style="line-height: inherit;">: in <span>2024</span>, R$ <span>48.3</span> million were invested by Ultrapar in such initiatives and partnerships, with R$ <span>8.2</span> million from own resources.</span></span></li> </ul>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt; margin-left: 16px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Value chain</span><span style="line-height: inherit;">: Ultrapar plans to influence, promote and monitor the adoption of best ESG practices in all its businesses&#8217; value chains.</span></span></li> </ul>
<ul>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 30pt; padding-left: 7pt; text-align: justify; text-indent: 0pt; list-style-type: circle;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">Goals for <span>2030</span></span><span style="line-height: inherit;">: (i) ensure that <span>100</span>% of critical suppliers (those who source essential inputs or services for the Company&#8217;s operations and/or with relevant expenditures) adopt ESG best practices and (ii) ensure that <span>100</span>% of selected resellers, in accordance with the strategic plan of each business (applied only to Ipiranga and Ultragaz), adopt ESG practices or commitments.</span></span></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 30pt; padding-left: 7pt; text-align: justify; text-indent: 0pt; list-style-type: circle;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">Results in <span>2024</span></span><span style="line-height: inherit;">: in <span>2024</span>,</span> <span style="line-height: inherit;"><span>94</span>% of critical suppliers with ESG contractual clauses, <span>100</span>% of resellers have access to ESG related training and have been informed about ESG topics.</span></span></li> </ul>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 9.6pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt; margin-left: 16px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Inclusive culture and diversity</span><span style="line-height: inherit;">: Ultrapar strives to continuously promote an inclusive environment and develop our people, providing conditions for each employee to reach their full potential and contribute to greater perspectives and experiences in the decision-making process.</span></span></li> </ul>
<ul>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 30pt; padding-left: 7pt; text-align: justify; text-indent: 0pt; list-style-type: circle;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">Goals for <span>2030</span></span><span style="line-height: inherit;">: (i) achieve a <span>50</span>% level of gender and ethnic equity in senior management positions (management positions and above) and <span>33</span>% in the Board of Directors and (ii) ensure an inclusive workplace environment that can be measured and recognized in internal organizational climate surveys.</span></span></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 30pt; padding-left: 7pt; text-align: justify; text-indent: 0pt; list-style-type: circle;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">Results in <span>2024</span>: </span><span style="line-height: inherit;">in <span>2024</span>, we achieved a <span>42</span>% level of gender and ethnic equity in senior management and <span>22</span>% in the Board of Directors, both in line with <span>2023</span>. We also achieved an <span>82</span>% satisfaction rating for an inclusive workplace environment, <span>1</span> percentage point below <span>2023</span>.</span></span></li> </ul>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In <span>2024</span>, Ultrapar made significant progress on its sustainability journey, a critical element of our strategic framework and the foundation for updating our <span>2030</span> ESG plan, which is slated for completion in <span>2025</span>.</span></p>
<p style="margin: 6pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Key financial information </span></p>
<p style="margin: 10pt 0pt 0pt 7.1pt; text-align: justify; text-indent: -7.1pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Gross Debt and Net Debt</span></p>
<p style="margin: 8pt 0pt; text-align: justify; text-indent: 21.3pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The information in the table below presents a reconciliation of Gross Debt and Net Debt, a non-GAAP financial measure, to the most directly comparable IFRS financial measure. Our calculation of Gross Debt and Net Debt may differ from the calculation of similarly titled measures used by other companies. Our management believes that the disclosure of Gross Debt and Net Debt is useful to potential investors as it helps to give them a clearer understanding of our financial liquidity. However, Gross Debt and Net Debt are not measures under IFRS and should not be considered as substitutes for measures of indebtedness determined in accordance with IFRS. For more information, see &#8220;Presentation of financial information&#8212;non-GAAP financial measures.&#8221;</span></p>
<p style="margin: 8pt 0pt; text-align: justify; text-indent: 21.3pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below presents a reconciliation from Gross Debt to Net Debt measure to the most directly comparable measure derived from IFRS financial measures:</span></p>
<div id="t_ft_QMX1TOR0O000000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 81px; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
<td colspan="7" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> As of December 31, </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> In millions of <span style="font-style: italic; line-height: inherit;">Reais </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; text-align: center; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> <span>2024</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; text-align: center; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; text-align: center; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; text-align: center; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; text-align: center; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; text-align: center; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; text-align: center; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; text-align: center; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 10px; width: 65%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Loans, financing and derivative financial instruments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>9,568.2</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>6,661.0</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>5,714.5</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 11px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 11px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (+) Debentures </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4,733.9</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>5,107.0</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>6,035.9</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Gross Debt </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>14,302.1</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>11,768.0</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>11,750.4</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (+) Leases payables </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>1,485.2</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>1,523.9</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>1,523.8</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (-) Cash, cash equivalents, financial investments and derivative financial instruments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<span>8,031.7</span> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<span>7,170.6</span> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<span>6,585.0</span> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Net Debt </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>7,755.6</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>6,121.4</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>6,689.2</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> </div> </div>
<div style="line-height: 1.2; margin: 10pt 0pt 0pt; text-indent: 0pt;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; line-height: inherit;">Industry and regulatory overview</span>
<ol style="margin: 0pt; padding-left: 0pt; list-style-type: upper-alpha;">
<li style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: 1.2; margin: 10pt 0pt 0pt 12.72pt; padding-left: 3.28pt; page-break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Distribution of </span><span style="font-weight: bold; line-height: inherit;">LPG</span> </span></li> </ol>
<p style="margin: 8pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">LPG is a fuel derived from the oil or natural gas refinery process or petrochemical industry. It is produced from the separation of lighter fractions of oil when processing raw natural gas and is composed of a mixture of hydrocarbon gases, such as propane and butane. </span><span style="line-height: inherit;">According to ANP, i</span><span style="line-height: inherit;">n <span>2024</span> </span><span style="line-height: inherit;"><span>7</span></span><span style="line-height: inherit;"><span>5</span></span><span style="line-height: inherit;">% of Brazil&#8217;s domestic demand was produced in local refineries and processing units while the remaining </span><span style="line-height: inherit;"><span>2</span></span><span style="line-height: inherit;"><span>5</span></span><span style="line-height: inherit;">% was imported. LPG has the following primary uses in Brazil:</span></span></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 10pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Bottled LPG: used primarily by residential consumers for cooking. According to Sindig&#225;s, LPG reaches over </span><span style="line-height: inherit;"><span>66</span></span> <span style="line-height: inherit;">million households (</span><span style="line-height: inherit;"><span>91</span></span><span style="line-height: inherit;">% of the total households in Brazil) and is present in </span><span style="line-height: inherit;"><span>100</span></span><span style="line-height: inherit;">%</span><span style="line-height: inherit;"> of Brazilian cities; and</span></span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 10pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Bulk LPG: used primarily for cooking and water heating in shopping malls, hotels, residential buildings, restaurants, laundries, hospitals and industries, with several other specific applications to each industrial process, such as grains and seeds drying, cotton processing, temperature control in poultry and pig farming, coffee drying and roasting, application of resins on fruits and seedling and plant greenhouses.</span></li> </ul>
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<p style="margin: 8pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The following chart shows the process of LPG distribution:</span></p>
<p style="margin: 5pt 0pt 0pt; break-after: avoid; text-align: left;"><img src="img9a1bf3c4abf74e7bb213.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"/></p>
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<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Historically, bottled LPG has represented a substantial portion of the LPG distributed in Brazil and is primarily used for cooking. The domestic heating usage of LPG is immaterial in Brazil due to its warm climate, leading to an overall lower consumption of LPG per capita in Brazil compared to other countries where domestic heating is a major element of LPG demand.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The LPG distribution industry consists in:</span></p>
<ul style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; padding-inline-start: 44px;">
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 7pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -32px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">LPG supply and transport from production plants (refineries or processing plants) to filling stations;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 7pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -32px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Filling LPG bottles and bulk delivery trucks at filling stations;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 7pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -32px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Selling LPG to dealers and end users; and</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 7pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -32px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Product quality control and technical assistance to LPG consumers.</span></li> </ul>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">LPG can be delivered to end users either in bottles or in bulk. The bottles are filled in the LPG distributors&#8217; filling stations. Distribution of bottled LPG is conducted via <span>two</span> main channels:</span></p>
<ul style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; padding-inline-start: 44px;">
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 7pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -32px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Home delivery of LPG bottles; and</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 7pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -32px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">The sale of LPG bottles in retail stores and at filling stations.</span></li> </ul>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In both cases, the bottles are either delivered by the LPG distributors themselves or by independent dealers.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Bulk delivery is the main delivery method to large volume consumers, such as residential buildings, hospitals, small-and-medium-sized businesses and industries. In the case of bulk delivery, the LPG is pumped directly into tanker trucks at filling stations, transported </span><span style="line-height: inherit;">to customers and pumped into a bulk storage tank located at the customer&#8217;s premises. The installation of bulk storage tanks is usually carried out by the distributors (such as Ultragaz). </span></span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">The role of the Brazilian government.</span><span style="line-height: inherit;"> The Brazilian government historically regulated </span><span style="line-height: inherit;">the entire chain of the LPG sector in Brazil, such as production, distribution and sale</span><span style="line-height: inherit;">.</span><span style="line-height: inherit;"> The period from <span>1960</span> to <span>1990</span> was characterized by heavy governmental regulation, including price controls, regulation of geographical areas in which each LPG distributor could operate, regulation of services offered by distributors and governmental quotas for the LPG sold by distributors, thus restricting the growth of larger LPG distributors. In the early <span>1990</span>s, a deregulation process took place, easing the requirements for the entry of distributors into the market, reducing administrative burdens and removing regional market restrictions. There are currently no restrictions on foreign ownership of LPG companies in Brazil</span><span style="line-height: inherit;">, provided that </span><span style="line-height: inherit;">such company </span><span style="line-height: inherit;">is incorporated under Brazilian laws</span><span style="line-height: inherit;">. </span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">The role of ANP.</span><span style="line-height: inherit;"> ANP is responsible for the </span><span style="line-height: inherit;">regulation, contracting and inspection of economic activities</span><span style="line-height: inherit;"> and implementation of the government&#8217;s oil, gas and biofuels policies<sup>1</sup></span><span style="line-height: inherit;">. ANP regulates all aspects of the production, distribution and sale of oil and oil products in Brazil, including product quality standards and minimum storage capacities required to be maintained by distributors. </span></span></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">In order to operate in Brazil, an LPG distributor must be </span><span style="line-height: inherit;">authorized by the</span><span style="line-height: inherit;"> ANP and must comply with certain minimum operating requirements, including: </span></span></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 10pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Maintenance of sufficient LPG storage capacity; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 10pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">M</span><span style="line-height: inherit;">inimum share capital and m</span><span style="line-height: inherit;">aintenance of an adequate quantity of LPG bottles; </span></span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 10pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Use of bottles stamped with the distributor&#8217;s own brand name; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 10pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Possession of its own filling plant; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 10pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Appropriate maintenance of LPG filling units; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 10pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Distribution of LPG exclusively in areas where it can provide technical assistance to the consumer either directly or indirectly through an authorized dealer; and </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 10pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Full compliance with </span><span style="font-style: italic; line-height: inherit;">Sistema de Cadastramento Unificado de Fornecedores</span><span style="line-height: inherit;"> &#8211; SICAF (the Unified Suppliers Registration System). </span></span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 10pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Assure an inspection certificate or equivalent document from the fire department and an operating license or other document issued by the municipal government.</span></li> </ul>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">LPG distributors are required to provide ANP monthly reports with their </span><span style="line-height: inherit;">product movements </span><span style="line-height: inherit;">of previous month</span><span style="line-height: inherit;">.</span></span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">LPG distribution to the final consumer may be carried out by</span><span style="line-height: inherit;"> the own distributor or by</span><span style="line-height: inherit;"> independent or exclusive resellers. The construction of LPG filling plants and storage facilities is subject to the prior approval of ANP and may only begin its operations after ANP inspection.</span></span></p>
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<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">The Self-Regulatory Code/ANP Resolutions </span><span style="font-style: italic; font-weight: bold; line-height: inherit;"><span>957</span>/<span>2023</span></span><span style="font-style: italic; font-weight: bold; line-height: inherit;"> and </span><span style="font-style: italic; font-weight: bold; line-height: inherit;"><span>958</span>/<span>2023</span></span><span style="font-style: italic; font-weight: bold; line-height: inherit;">.</span><span style="line-height: inherit;"> In <span>1996</span>, most of the Brazilian LPG distributors, representing more than <span>90</span>% of the market, bottle manufacturers, LPG transportation companies and certain LPG retail stores, under the supervision of the Brazilian government, entered into a statement of intent regarding the establishment of a program for &#8220;requalifying&#8221; LPG bottles (a process under which they undergo safety and quality checks) and other safety procedures, known as &#8220;</span><span style="font-style: italic; line-height: inherit;">C&#243;digo de Autorregulamenta&#231;&#227;o</span><span style="line-height: inherit;">&#8221; (Self-Regulatory Code). See &#8220;&#8212;Ultragaz&#8212;Bottle swapping centers&#8221; and &#8220;&#8212; Ultragaz&#8212;Requalification of bottles.&#8221; Before the Self-Regulatory Code came into effect, certain LPG distributors, not including Ultragaz, would fill bottles stamped with another distributor&#8217;s brand. This practice resulted in a low level of investment in new bottles, giving rise to concerns regarding the safety of older bottles. The Self-Regulatory Code provides, among other things, that: </span></span></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 10pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Each LPG distributor may only fill and sell bottles that are stamped with its own trademark;</span></li> </ul>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 10pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt; margin-top: -5px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Each LPG distributor is responsible for the quality and safety control of its bottles; and</span></li> </ul>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 10pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt; margin-top: -5px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Each LPG distributor must maintain enough bottles to service its sales volume. </span></li> </ul>
<p style="text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">All these characteristics had positive impacts on society and were incorporated by subsequent ANP resolutions, being in force to this day.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">The role of Petrobras.</span><span style="line-height: inherit;"> Petrobras had a legal monopoly in the exploration, production, refining, importing and transporting of crude oil and oil products in Brazil and Brazil&#8217;s continental waters since its establishment in <span>1953</span>. This monopoly was confirmed in Brazil&#8217;s federal constitution enacted in <span>1988</span> and lasted until <span>1997</span> when the monopoly was lifted by the enactment of the &#8220;</span><span style="font-style: italic; line-height: inherit;">Lei do Petr&#243;leo</span><span style="line-height: inherit;">&#8221; (Oil Law). Petrobras was historically the sole supplier of oil and oil-related products in Brazil, including LPG, and despite no longer being a monopoly, it is still responsible for most of the LPG supply in Brazil. </span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">Environmental, health and safety standards.</span><span style="line-height: inherit;"> LPG distributors are regulated by ANP and subject to Brazilian federal state and local laws and regulations relating to the protection of the environment, public health and safety. The CONAMA, the Ministry of Economy, and the Ministry of Infrastructure are the primary regulators of LPG distribution at the federal level.</span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Brazilian regulations require LPG distributors to obtain operating permits from the environmental agencies, from municipal authorities and from the fire department. In order to obtain and maintain the validity of such permits, distributors must prove to regulatory authorities that the operation of facilities are in compliance with regulations and are not prejudicial to the environment and the community. In addition, regulations establish standard procedures for transporting, delivering and storing LPG and for testing and requalification of LPG bottles. Civil, administrative and criminal sanctions, including fines and the revocation of licenses, may apply to violations of regulations. Under applicable law, distributors are strictly and jointly liable for environmental damages.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The LPG industry and market are also subject to occupational health and safety standards, including labor laws, social security laws and consumer protection laws. In addition, the company also has a sustainability policy that describes the best management practices for health, safety and the environment.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Ultragaz</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">As of December 31, 2024, Ultragaz was the leading company in the Brazilian bulk LPG market and the second largest in total volumes, according to ANP. Founded in <span>1937</span>, Ultragaz was the first LPG distributor in Brazil, when wood stoves and, to a lesser extent, alcohol, kerosene and coal stoves were used. For more information about Ultragaz&#8217;s history, see &#8220;</span><span style="line-height: inherit;">Item</span><span style="line-height: inherit;">&#160;</span><span style="line-height: inherit;"><span>4</span>.A. Information on the Company&#8212;History and development of the Company&#8212;A.<span>1</span>. Continuing operations&#8212;Ultragaz.&#8221;</span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz is comprised of Cia Ultragaz, the company that pioneered our LPG operations, and has the following operating subsidiaries:</span></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 10pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Bahiana, which primarily operates in the Northeast region of Brazil.</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 10pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Uting&#225;s, a storage services provider that operates <span>two</span> facilities in S&#227;o Paulo and Paran&#225;. Uting&#225;s was incorporated in <span>1967</span> when Ultragaz and other LPG distributors joined to construct LPG storage facilities based in the states of S&#227;o Paulo and Paran&#225;. Ultragaz currently indirectly owns <span>57</span>% of Uting&#225;s. See &#8220;Item <span>4</span>. Information on the Company&#8212;Industry and regulatory overview&#8212;Storage of LPG.&#8221;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 10pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz Energia, which comprises Stella, a technology platform that connects renewable electricity generators (solar plants) and customers through distributed generation. It is an alternative for low voltage consumers to access lower energy prices. The company was founded in <span>2019</span> and was acquired by Ultragaz in <span>2022</span>. For more information about this acquisition, see &#8220;Item <span>4</span>.A. Information on the Company&#8212;History and development of the Company&#8212;A.<span>1</span> Continuing operations&#8212;Ultragaz.&#8221;</span></li> </ul>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>43</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 10pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">NEOg&#225;s, a pioneer in the transportation of compressed natural gas in Brazil, operates in several segments including the industrial, vehicular and development of special projects in partnership with natural gas distributors. The transaction was approved by CADE in January 2023 and closed on February 1, 2023. This acquisition marked Ultragaz&#8217;s entry into the compressed natural gas distribution segment and, in addition, Ultragaz believes that NEOg&#225;s is an ideal platform for enabling biomethane distribution opportunities.</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 10pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Witzler, which </span><span style="line-height: inherit;">commercializes electricity</span><span style="line-height: inherit;"> in the free market and </span><span style="line-height: inherit;">provides</span><span style="line-height: inherit;"> energy management </span><span style="line-height: inherit;">for high</span><span style="line-height: inherit;"> voltage</span><span style="line-height: inherit;">. The transaction was approved by CADE on July 8, 2024 and closed on September 1, 2024. Through this acquisition</span><span style="line-height: inherit;">,</span><span style="line-height: inherit;"> Ultragaz, which already offers solutions for low voltage customers through Ultragaz Energia (as a result of the acquisition of Stella Energia), will also start working </span><span style="line-height: inherit;">with high voltage customers, consolidating its position in the electrical energy market</span><span style="line-height: inherit;">.</span><span style="line-height: inherit;"> For more information about this acquisition, see &#8220;Item <span>4</span>.A. Information on the Company&#8212;History and development of the Company&#8212;A.<span>1</span> Continuing operations&#8212;Ultragaz.&#8221;</span></span></li> </ul>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">Markets and marketing.</span><span style="line-height: inherit;"> When Ultragaz began its operations, it served only the Southeast region of Brazil. </span><span style="line-height: inherit;">As of the date of this annual report</span><span style="line-height: inherit;">, Ultragaz is present in almost all of Brazil&#8217;s significant population centers. In recent years, Ultragaz strengthened its presence in the North and Northeast regions, where it did not have significant operations, including the building of new bottling and distribution plants in Bel&#233;m (state of Par&#225;) and Fortaleza (state of Cear&#225;). Distribution of bottled LPG includes mainly retail stores, carried out by Ultragaz&#8217;s dealership network, mainly using <span>13</span> kg ANP approved bottles. In the case of Ultragaz, the bottles are painted blue. Ultragaz&#8217;s operating margins for bottled LPG vary from region to region and reflect the distribution channel in the region.</span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The LPG bottled market in Brazil is mature and Ultragaz believes that growth in demand in the long term will be a function of an increasing number of households consuming the product as well as an increasing level of household income.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Distribution of bulk LPG is largely carried out through <span>190</span> kg storage tanks installed on the clients&#8217; premises. Since <span>1995</span>, Ultragaz has been operating small-and-medium-sized bulk delivery facilities with bob-tail trucks, which deliver LPG in bulk mainly to residential buildings, commercial and industrial clients. Ultragaz&#8217;s clients in the commercial sector include shopping malls, hotels, residential buildings, restaurants, laundries, and hospitals. Ultragaz&#8217;s trucks supply clients&#8217; stationary tanks using a system that is quick, safe, and cost effective. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz&#8217;s strategy for the bulk LPG distribution is to continue innovating its products and services for a variety of clients, including large, medium and small businesses and condominiums. Ultragaz has a team to identify the needs of each bulk LPG client and to develop technical solutions for using LPG as an energy source. It permeates the entire value chain of the bulk segment, based on: (i) differentiated value proposition for the client, (ii) standardization of processes, and (iii) rationalization of the installation process.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">In <span>2024</span>, Ultragaz&#8217;s network served approximately </span><span style="line-height: inherit;"><span>57</span></span><span style="line-height: inherit;"> thousand business customers in the bulk segment and more than <span>1</span></span><span style="line-height: inherit;"><span>1</span></span><span style="line-height: inherit;"> million households in the bottled segment through a network of approximately </span><span style="line-height: inherit;"><span>6</span></span><span style="line-height: inherit;"> thousand independent retailers. The table below shows Ultragaz&#8217;s sales volume of LPG to clients of bottled and bulk segments: </span></span></p>
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<p style="break-after: avoid; text-align: center; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Client category</span></p> </th>
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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 10pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"><span>2024</span></span></p> </th>
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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 10pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"><span>2023</span></span></p> </th>
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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 10pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"><span>2022</span></span></p> </th>
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<p style="line-height: 2pt; margin: 0pt; page-break-after: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p> </th>
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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 10pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><span style="line-height: inherit;">&#160;</span><span style="font-weight: bold; line-height: inherit;">(in thousands of tons) </span></span></p> </th>
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<td style="vertical-align: top; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 65%;">
<p style="margin: 0px; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Bottled LPG </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 16px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>1,113</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 16px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>1,122</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 16px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>1,127</span> </span></p> </td>
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<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Bulk LPG </span></p> </td>
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<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>633</span> </span></p> </td>
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<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>616</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>579</span> </span></p> </td>
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<td style="vertical-align: bottom; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> Total tons delivered </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> <span>1,747</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> <span>1,738</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> <span>1,706</span> </span></p> </td>
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<td colspan="2"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span style="font-size: 8pt; line-height: inherit;"><sup>(<span>1</span>)</sup></span>Includes residential deliveries and distribution through retailers&#8217; stores.</span></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Residential delivery has evolved during the last years from primarily door-to-door to a scheduled format, through orders by phone or app.</span></p>
<p style="margin: 12pt 0pt 5pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">LPG distribution is a dynamic retail market where consumers&#8217; habits change constantly, thus creating opportunities for the company. In order to track market developments more closely and differentiate itself from its competitors, Ultragaz has developed and enhanced sales channels and payment methods. In the last decade, the company expanded </span><span style="font-style: italic; line-height: inherit;">Disk G&#225;s</span><span style="line-height: inherit;"> (sale of LPG bottles by telephone) and, more recently, cell phone messages (WhatsApp) and through a smartphone app (Ultragaz app), which reached </span><span style="line-height: inherit;"><span>7</span></span><span style="line-height: inherit;">.</span><span style="line-height: inherit;"><span>5</span></span><span style="line-height: inherit;"> million downloads at the end of <span>2024</span>. Ultragaz entered into sales partnerships with apps and KMV. These initiatives provide customers with greater convenience, add further value, and generate logistic optimization to Ultragaz. The same principles have been extended to the bulk segment, in which Ultragaz is a pioneer and has a leading position. </span></span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz has been developing new technologies for different markets, such as industrial, agribusiness, small and medium businesses, residential buildings, and household customers. For agribusiness, Ultragaz has developed a new system to control the whole seed and grain drying process using Internet of Things (IoT) to optimize LPG consumption. In addition, Ultragaz has also expanded LPG uses portfolio to residential buildings, with a solution for remote gas metering, improving the technology for its customers and increasing the security of the reading process.</span></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">Contracts.</span><span style="line-height: inherit;"> Ultragaz supplies its bulk clients based on contracts with terms ranging typically from <span>two</span> to <span>five</span> years. The contract also requires that any tank supplied by Ultragaz may only be filled up with LPG delivered by the company. By having customers in </span><span style="line-height: inherit;">contract, Ultragaz is able to build a closer relationship and identify opportunities for expanding the consumption of LPG and for energy transition.</span></span></p>
<p style="margin: 10pt 0pt; page-break-after: avoid; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">Payment terms.</span><span style="line-height: inherit;"> Ultragaz&#8217;s sales through its retail stores and through home delivery are made mainly on a cash basis. Ultragaz&#8217;s sales to independent resellers and to industrial and commercial users have payment terms of <span>1</span></span><span style="line-height: inherit;"><span>9</span></span><span style="line-height: inherit;">.</span><span style="line-height: inherit;"><span>9</span></span><span style="line-height: inherit;"> days on average.</span> </span></p>
<p style="margin: 10pt 0pt; page-break-after: avoid; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">Storage of LPG.</span><span style="line-height: inherit;"> On December</span><span style="line-height: inherit;">&#160;</span><span style="line-height: inherit;"><span>31</span>, <span>2024</span>, Ultragaz&#8217;s storage capacity was approximately </span><span style="line-height: inherit;"><span>22.1</span> </span><span style="line-height: inherit;">thousand tons, including our <span>57</span>% stake in Uting&#225;s&#8217; storage capacity. Based on its <span>2024</span> average LPG sales, Ultragaz could store approximately</span> <span style="line-height: inherit;"><span>3</span></span><span style="line-height: inherit;">.</span><span style="line-height: inherit;"><span>8</span></span><span style="line-height: inherit;"> working days of LPG supply. </span></span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Ultragaz stores its LPG, which is delivered by the supplier and bottled predominantly in the liquid state, in large tanks at each of its filling plants located throughout the regions in which it operates. Primary filling plants receive LPG directly from refineries and processing units by pipelines; secondary filling plants are supplied by trucks; and satellite plants primarily hold LPG which is used to fill bob-tail trucks for small bulk distribution to customers that are not located near a primary or a secondary filling plant. See &#8220;Item</span><span style="line-height: inherit;">&#160;</span><span style="line-height: inherit;"><span>4</span>.B. Information on the Company&#8212;Business overview&#8212;Industry and regulatory overview&#8212;A. Distribution of LPG&#8221; and &#8220;Item <span>4</span>.D. Information on the Company&#8212;Property, plant and equipment.&#8221; </span></span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">Process of filling LPG bottles. </span><span style="line-height: inherit;">The entire process of filling LPG bottles occurs within Ultragaz&#8217;s filling bases, which are equipped with infrastructure and technology supporting an automated process that is intended to provide safety of both employees and customers. At Ultragaz bases, bottles from Ultragaz and other distributors arrive and are later exchanged at bottle swapping centers. The first step in the filling process is visual inspection, ensuring that the bottles are in good condition and within the expiration date. Those that do not pass this stage undergo a requalification process. After this, each bottle is weighed to ensure that each <span>one</span> will be filled with the appropriate amount of LPG. Next, the bottles move to the carousel, where almost all the bottle filling is done automatically (with manual fine-tuning). Once the bottle is filled, it undergoes safety checks. The first check ensures that the O&#8217;ring (rubber that prevents gas leakage) is properly sealed, and the second is laser detection to ensure there are no leaks. Additionally, an additive is introduced to give an odor to the otherwise odorless LPG, ensuring easy detection in case of a leak. Finally, the cylinders are washed, dried, and painted before being returned to the customer.</span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Bottled</span> <span style="line-height: inherit;">sales</span><span style="line-height: inherit;"> derives from</span><span style="line-height: inherit;"> several factors, including</span><span style="line-height: inherit;"> the number of bottles bearing Ultragaz&#8217;s brands. As of December</span><span style="line-height: inherit;">&#160;</span><span style="line-height: inherit;"><span>31</span>, <span>2024</span>, there were </span><span style="line-height: inherit;"><span>28</span></span> <span style="line-height: inherit;">million bottles stamped with Ultragaz&#8217;s brands in the market</span><span style="line-height: inherit;">, </span><span style="line-height: inherit;"><span>26</span></span> <span style="line-height: inherit;">million of them <span>13</span> kg bottles.</span></span></p>
<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">Distribution infrastructure. </span><span style="line-height: inherit;">Ultragaz&#8217;s distribution strategy includes having its own infrastructure for bulk LPG, given that proximity to customers is a significant success factor. Ultragaz delivers bottled LPG, using a distribution network, which included </span><span style="line-height: inherit;"><span>6</span></span><span style="line-height: inherit;">.</span><span style="line-height: inherit;"><span>3</span></span> <span style="line-height: inherit;">thousand independent resellers</span><span style="line-height: inherit;">. Ultragaz has also invested in information technology for improving its processes, such as logistics optimization and production efficiency</span><span style="line-height: inherit;"> and </span><span style="line-height: inherit;">owns </span><span style="line-height: inherit;">a fleet of around </span><span style="line-height: inherit;"><span>1</span></span><span style="line-height: inherit;"><span>06</span></span> <span style="line-height: inherit;">vehicles for gas bottles delivery and </span><span style="line-height: inherit;"><span>311</span></span> <span style="line-height: inherit;">vehicles for bulk delivery as of December</span><span style="line-height: inherit;">&#160;</span><span style="line-height: inherit;"><span>31</span>, <span>2024</span>. </span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">On August 16, 2023, CADE approved the consortium agreement between Ultragaz and Supergasbr&#225;s for sharing part of their operations, infrastructure of LPG storage and filling bases. Through this agreement, Ultragaz </span><span style="line-height: inherit;">has </span><span style="line-height: inherit;">expand</span><span style="line-height: inherit;">ed</span><span style="line-height: inherit;"> its presence from <span>19</span> to <span>24</span> existing filling bases. Through this partnership, benefits such as optimizing logistics routes, reducing costs related to operations, filling and storage and greater supply security and service levels for customers and resellers are expected. Neither Ultragaz nor Supergasbr&#225;s anticipate any change to their commercial operations. </span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">On November 29, 2024</span><span style="line-height: inherit;">,</span> <span style="line-height: inherit;">Ultragaz announced</span><span style="line-height: inherit;"> that it submitted for </span><span style="line-height: inherit;">approval CADE </span><span style="line-height: inherit;">a</span><span style="line-height: inherit;"> partnership to be developed between Supergasbr&#225;s Energia Ltda.</span> <span style="line-height: inherit;">a</span><span style="line-height: inherit;">nd Ultragaz</span><span style="line-height: inherit;">, through the establishment of a special purpose entity </span><span style="line-height: inherit;">(&#8220;SPE&#8221;), </span><span style="line-height: inherit;">with an equal stake among </span><span style="line-height: inherit;">such</span> <span style="line-height: inherit;">shareholders, for the construction and operation of a terminal at the Port of Pec&#233;m (state of Cear&#225;) for handling LPG (</span><span style="line-height: inherit;">the </span><span style="line-height: inherit;">&#8220;Project&#8221;). In addition to CADE&#8217;s approval, the transaction is subject to other precedent conditions, common for this type of transaction.</span><span style="line-height: inherit;">&#160;</span><span style="line-height: inherit;">Once approved, a structure with a storage capacity of approximately <span>62</span> thousand tons </span><span style="line-height: inherit;">is expected to</span><span style="line-height: inherit;"> be</span> <span style="line-height: inherit;">built</span><span style="line-height: inherit;">,</span> <span style="line-height: inherit;">which</span><span style="line-height: inherit;"> is expected to be concluded in <span>2028</span>. For this Project, investments of R$ <span>1.2</span> billion are estimated to be divided equally between the parties. The Project </span><span style="line-height: inherit;">intends</span><span style="line-height: inherit;"> to </span><span style="line-height: inherit;">promote</span> <span style="line-height: inherit;">greater security in the supply of LPG to the North and Northeast regions of </span><span style="line-height: inherit;">Brazil</span><span style="line-height: inherit;">, where national production of LPG is historically deficient.</span></span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">Independent resellers.</span><span style="line-height: inherit;"> Ultragaz&#8217;s independent distribution network ranges from large resellers, which carry out extensive home deliveries, to single retail stores, which sell small quantities of LPG bottles. ANP Resolution <span>51</span>/<span>16</span>, as amended, sets that the independent resellers must be registered with ANP and comply with a list of prerequisites, as well as those required by law for the storage of bottles up to <span>90</span> kg. Also, each municipality sets forth its own safety regulations, including a minimum distance from certain locations, such as schools. For the year ended December</span><span style="line-height: inherit;">&#160;</span><span style="line-height: inherit;"><span>31</span>, <span>2024</span>, </span><span style="line-height: inherit;"><span>97</span></span><span style="line-height: inherit;">% of Ultragaz&#8217;s bottled LPG sales were made through resellers. The agreements </span><span style="line-height: inherit;">entered between Ultragaz and independent resellers require the use of Ultragaz brand and the display of Ultragaz logo in the delivery vehicles and on the uniforms worn by the delivery staff. Proprietary rights of the trademark and the logo are retained by Ultragaz and are duly registered with INPI. All contracted resellers are Ultragaz&#8217;s exclusive representatives. Under the terms of the respective contracts, each dealer agrees not to deliver non-Ultragaz LPG bottles.</span></span></p>
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<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz understands that investing in the efficiency of its reseller network is key for staying ahead of competition and at the same time aligned with market demand for LPG. Accordingly, Ultragaz has developed several programs aimed at improving resellers&#8217; management quality and standards.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The main program is the </span><span style="font-style: italic; line-height: inherit;">Lapidar</span><span style="line-height: inherit;"> Challenge (exclusive excellence program for resellers), which seeks to standardize the best management practices of Ultragaz&#8217;s resellers, through the pillars of customer experience, business management, teams and resale structure, with focus on strict compliance with the laws applicable to the sector. Through a continuous evaluation process with annual cycles, resellers are classified into categories, allowing participants to verify their performance against Ultragaz standards of excellence and stimulating constant improvement. In <span>2020</span>, Ultragaz reviewed the entire program to turn it more attractive, contributing to an evolution in its dealer network continuously and bringing excellence in execution and a better customer experience. </span></span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt 8pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">In <span>2020</span>, Ultragaz created a digital relationship channel with its resellers called MAP &#8211; </span><span style="font-style: italic; line-height: inherit;">Meu Aplicativo Parceiro </span><span style="line-height: inherit;">(My Partner App), which currently has </span><span style="line-height: inherit;">more than </span><span style="line-height: inherit;"><span>6</span></span><span style="line-height: inherit;"> thousand connected partners. In this app, resellers have access to resources that improve their work process and to a marketplace platform, namely </span><span style="font-style: italic; line-height: inherit;">Portal Ultragaz</span><span style="line-height: inherit;">, where they can purchase several items. </span></span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt 8pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">In <span>2020</span>, Ultragaz also developed the Amigu app, the company&#8217;s last-mile tool that identifies the closest Ultragaz&#8217;s deliveryman to the customer location. </span><span style="line-height: inherit;">As of the date of this annual report</span><span style="line-height: inherit;">, the app has more than </span><span style="line-height: inherit;"><span>7</span></span> <span style="line-height: inherit;">thousand deliverymen connected in more than </span><span style="line-height: inherit;"><span>1</span></span><span style="line-height: inherit;">.</span><span style="line-height: inherit;"><span>5</span></span> <span style="line-height: inherit;">thousand cities across Brazil.</span></span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt 8pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">Distribution channels to bulk consumers.</span><span style="line-height: inherit;"> Bulk distribution is made directly to customers by delivering LPG to storage tanks located at customers&#8217; facilities. Both large and small bulk distribution are mainly made by bob-tail trucks and, in some cases, third-party tanker trucks. </span></span></p>
<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Ultragaz has improved the digitization of its processes and sales channels by offering an omnichannel solution to customers. This digital service channel offers greater security, transparency, and agility in service. Ultragaz&#8217;s logistics strategy is also focused on the customer journey. The investments in routing systems, demand planning and last-mile solutions are intended to provide high-level delivery and information services to the client, not only improving </span><span style="line-height: inherit;">customer</span><span style="line-height: inherit;"> experience, but also raising Ultragaz&#8217;s operational efficiency.</span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">Bottle swapping centers.</span><span style="line-height: inherit;"> Pursuant to the ANP Resolution <span>49</span>/<span>16</span>, as amended, distributors have established <span>9</span> operating swapping centers to facilitate the return of the bottles to the </span><span style="line-height: inherit;">res</span><span style="line-height: inherit;">pective</span><span style="line-height: inherit;"> distributor. Under the ANP Resolution <span>49</span>/<span>16</span>, as amended, LPG distributors were not permitted to refill third-party bottles, although they </span><span style="line-height: inherit;">must</span><span style="line-height: inherit;"> pick up any empty LPG bottle tendered by customers in exchange for a full LPG bottle, regardless of </span><span style="line-height: inherit;">the brand stamped in</span><span style="line-height: inherit;"> such empty bottle . Accordingly, LPG distributors may deliver third-party bottles to a swapping center where such bottles may be exchanged for bottles placed in circulation by such LPG distributor.</span></span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">Requalification of bottles.</span><span style="line-height: inherit;"> The lifetime of a bottle depends on several factors, the most important being the exposure of the bottle to corrosion from the atmosphere and whether the bottle has been damaged. The ANP Resolution <span>49</span>/<span>16</span>, as amended, provides that all bottles must be requalified after their first <span>15</span> years of use, and every <span>10</span> years thereafter. Each bottle is visually inspected for damage and corrosion to determine if it can be requalified or if it should be scrapped. In the case of bottles which pass the quality and safety checks, several procedures are followed before the bottles are stamped with the year of requalification and the next term in which they are due for requalification. Ultragaz had to requalify </span><span style="line-height: inherit;"><span>4.1</span> </span><span style="line-height: inherit;">million bottles</span><span style="line-height: inherit;">, </span><span style="line-height: inherit;"><span>2.1</span> million bottles and <span>2.4</span> million bottles in <span>2024</span>, <span>2023</span> and <span>2022</span>, respectively. </span></span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">Quality</span><span style="font-weight: bold; line-height: inherit;">.</span><span style="line-height: inherit;"> Ultragaz </span><span style="line-height: inherit;">is</span><span style="line-height: inherit;"> the first Brazilian LPG distributor to receive ISO (International Standards Organization) certification for excellence in quality management system and to receive </span><span style="font-style: italic; line-height: inherit;">Pr&#234;mio Paulista de Qualidade</span><span style="line-height: inherit;"> (the state of S&#227;o Paulo quality award), recognized as the best company in management system.</span></span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In order to keep improving operations, Ultragaz launched in <span>2021</span> the SOU Program (Ultragaz Operation System Program), a strategic initiative focused on cost management that applies a lean methodology to standardize and improve the efficiency and quality of its processes.</span></p>
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<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><br/></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Due to the success and results achieved with the SOU Program in <span>2022</span>, in <span>2023</span> Ultragaz was awarded first place in management category at the prestigious LPG Award. This event recognizes the best initiatives implemented in the LPG industry in Brazil, featuring presentations from national and international debaters.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As the SOU program continues to deliver results, it has been expanded to logistics in <span>2024</span>, optimizing processes, reducing operational inefficiencies and improving OTIF rates.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Moreover, Ultragaz continually invests to improve the painting process at its LPG filling plants &#8211; every bottle is repainted before it is shipped to consumers. Investments in this area have been focused on modernizing the painting systems and equipment to achieve higher performance and lower carbon emissions. In this regard, Ultragaz has been using for several years solvents free of aromatic hydrocarbons and, more recently, experimenting &#8220;Bio-Paint&#8221; made of renewable plant inputs, which, we expect, should considerably reduce volatile organic compounds and CO</span><span style="vertical-align: sub; line-height: inherit;"><span>2</span></span><span style="line-height: inherit;"> emissions into the atmosphere, and therefore be more environmentally friendly.</span> </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">Supply of LPG.</span> <span style="line-height: inherit;">As of the date of this annual report</span><span style="line-height: inherit;">, the main supplier of LPG to Ultragaz is Petrobras. In <span>2019</span>, Petrobras entered into an agreement with CADE aimed at promoting the competition in the gas market in Brazil, including the sale of shareholdings in companies operating thereof as a means of encouraging the entry of new players into the LPG supply network. In <span>2024</span>, </span><span style="line-height: inherit;"><span>17</span>% </span><span style="line-height: inherit;">of Ultragaz&#8217;s overall supply needs were met by private suppliers, other than Petrobras.</span></span></p> </div> </div><div id="Dagf74krv5see0mxa5k19p9" style="font-family: 'times new roman', times; font-size: 10pt;">
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<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Prices of LPG.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> From 2008 to 2016, Petrobras increased LPG refinery prices for commercial and industrial usage only sporadically. Since June 2017, LPG refinery prices generally reflected international pricing levels and exchange rate variations, although there have been periods when oil derivatives prices in Brazil did not immediately reflect international due to Petrobras&#8217;s pricing guidelines, which softened the effects of price volatility in the international market on domestic prices. In November 2019, after a change in its pricing policy, Petrobras ended the price differentiation for bulk and bottled segments, and both were converted into one single price. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2022, the conflict between Russia and Ukraine increased volatility in oil prices, mainly in the first semester, with a direct impact on LPG international prices. As a result, Petrobras announced a new adjustment to the LPG price in March, 2022. In the second semester of 2022, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">international</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> oil prices dropped. As a result, in September, October, November and December of 2022, Petrobras made new adjustments to the LPG prices, reducing the prices in approximately 23%, comparing August 2022 to December 2022. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In May 2023, Petrobras announced that fuel prices (including LPG) would no longer be </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">set</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> at the international parity price, as per the previous pricing policy. The new pricing policy seeks not to immediately pass on high market</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> price</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> volatility to consumers. In addition to the change in pricing policy, the price of LPG was affected by the change in the ICMS taxation rule. As of May 2023, the tax stopped being ad rem to be ad valorem, with a fixed value per state of R$1.2571/kg. The new legislation led to an increase</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> in the</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> price of LPG in most of the states in the country.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Throughout 2024, the price of Mont Belvieu LPG </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">increas</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ed by </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%, while Petrobras&#8217; price had a </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">positive</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> variation of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">9</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">7</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%. The last price adjustment made by Petrobras was in July 2024, a 9.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">9</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% increase, on average, between the Santos and Suape delivery points.</span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><br/></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>47</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The following chart shows the price of LPG (in R$/kg) practiced by Petrobras and the import parity price. </span></p>
<p style="margin: 10pt 0pt; line-height: 1.2; text-align: left;"><img src="img668e2ed3cdda4cd58b55.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"/></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p>
<p style="margin: 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">Sources: Petrobras and ANP</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Competition. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultragaz&#8217;s main competitors are:</span></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 5.53pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Copa Energia: a group created in 2021 that owns the LPG distributors Liquig&#225;s and Copagaz</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 5.53pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Nacional G&#225;s: a Brazilian LPG distributor, which has been present in the market for more than 70 years; and </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 5.53pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Supergasbr&#225;s: a company controlled by SHV Energy (a major multinational LPG distributor), formed by the merger of Minasg&#225;s S.A. and Supergasbr&#225;s S.A.</span></li> </ul>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>48</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The following table sets forth the market share of Ultragaz and its LPG competitors in terms of volume, according to ANP:</span></p>
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<p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;</span></p> </td>
<td colspan="7" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Year</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">ended</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">December</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">31,</span></span></p> </td>
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<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">LPG distributor</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">2024</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; text-align: center; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; text-align: center; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">2023</span></p> </td>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; text-align: center; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">2022</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; text-align: center;"><br/></td> </tr>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 65%;">
<p style="margin: 0px; break-after: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">Copa Energia (Liquig&#225;s + Copagaz)</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">24</span><span style="font-family: 'Times New Roman'; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; line-height: inherit;">3</span><span style="font-family: 'Times New Roman'; line-height: inherit;">%</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">24.1%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">24.5%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">Ultragaz</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">23</span><span style="font-family: 'Times New Roman'; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; line-height: inherit;">0</span><span style="font-family: 'Times New Roman'; line-height: inherit;">%</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">23.4%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">23.1%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">Nacional G&#225;s</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">21</span><span style="font-family: 'Times New Roman'; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; line-height: inherit;">3</span><span style="font-family: 'Times New Roman'; line-height: inherit;">%</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">21.5%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">21.8%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">Supergasbr&#225;s</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">2</span><span style="font-family: 'Times New Roman'; line-height: inherit;">0</span><span style="font-family: 'Times New Roman'; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; line-height: inherit;">6</span><span style="font-family: 'Times New Roman'; line-height: inherit;">%</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">20.6%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">20.8%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">Others</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">10</span><span style="font-family: 'Times New Roman'; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; line-height: inherit;">8</span><span style="font-family: 'Times New Roman'; line-height: inherit;">%</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">10.3%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">9.9%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Total</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">100.0%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">100.0%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">100.0%</span></p> </td>
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<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Since </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">per capita</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> consumption is small, low distribution cost is a critical factor in dictating profitability. Therefore, LPG distributors largely compete based on efficiencies in distribution and delivery as all LPG distributors currently purchase </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">most</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> of their LPG requirements from Petrobras, and as Petrobras&#8217; refinery price charged to the distributors is the same to all LPG distributors. Ultragaz&#8217;s main markets, including the cities of S&#227;o Paulo, Salvador and Recife, are highly populated areas and, therefore, distribution to these markets can be carried out with great economies of scale, resulting in lower distribution costs. Additionally, Ultragaz benefits from low bulk LPG distribution costs. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of December 31, 2024, the LPG distribution industry in Brazil consists of 19 LPG distribution companies or groups of companies and is regulated by the ANP. In August 2019, Copagaz, Ita&#250;sa, Nacional G&#225;s and Fog&#225;s entered into an agreement with Petrobras to acquire Liquig&#225;s, which was approved by CADE in November 2020 and closed in December 2020, marking the exit of Petrobras from the LPG distribution market. The agreement created Copa Energia in 2021, one of the main players in the LPG distribution market. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In addition to competing with other LPG distributors, Ultragaz competes with companies that offer alternative energy sources to LPG, such as natural gas, wood, diesel, fuel oil and electricity. While fuel oil is less expensive, LPG has performance and environmental advantages in most uses. As a result, natural gas is currently the main source of energy Ultragaz competes with. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The natural gas segment has become increasingly more competitive relative to LPG over the last years, especially in the South and Southeast regions of Brazil, as a result of increased investments in the natural gas infrastructure grid in these regions. Going forward, we expect the natural gas market to receive further investments and witness the entry of new players following the agreement between Petrobras and CADE to promote competition in the sector. For example, in July 2022, Petrobras sold its 51% stake in Gaspetro (currently Commit G&#225;s S.A.), a holding company with a stake in piped gas distribution companies located in different states of Brazil, to Compass G&#225;s e Energia S.A., a company controlled by Cosan.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Besides the grid development, current investments in liquified natural gas terminals will increase the supply of natural gas, which will likely facilitate small-scale operations. This type of operation competes against LPG in areas where the natural gas grid/pipes do not reach. The natural gas sector, in general, is a threat for LPG, especially for industries in the bulk segment. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">To mitigate the competitive risk with natural gas, Ultragaz has been focusing its operations more on inland regions, which are far from the natural gas infrastructure grid. Besides, Ultragaz has been seeking to offer LPG to smaller bulk customers, as it tends to be more competitive than natural gas.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2024, the Brazilian LPG market increased by </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> compared to 2023,</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">according to ANP data, as a result of the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">increase of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> in the bulk segment, driven by the country&#8217;s economic growth, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">9</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">incre</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ase </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in the bottled segment, due to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">slightly </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">hi</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">gher</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> market demand.</span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><br/></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>49</span></span></td> </tr> </tbody> </table>
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<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The following graph shows LPG sales volume for the Brazilian market and Ultragaz for the periods indicated. </span></p>
<p style="margin: 12pt 0pt 0pt 56.7pt; break-after: avoid; text-indent: -56.7pt; line-height: 1.2;"><img src="img85429fd0e42049428a67.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"/></p> </div>
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<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Income tax exemption status.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Brazilian legislation provides a 75% income tax reduction for businesses located in the Northeast region of Brazil, which depends on SUDENE&#8217;s formal and previous approval. Ultragaz is entitled to this tax benefit at its filling plants located at Mataripe, Caucaia, Juazeiro, Aracaju and Suape until 2024, 2025, 2026, 2027 and 2027, respectively. The total amount of SUDENE&#8217;s income tax exemption for the Ultragaz segment for the years ended December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, 2024, 2023 and 2022, was R</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">$4</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5.3</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">R$64.7 million and R$56.4</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million, respectively. </span></p>
<p style="margin: 0pt;"><br/></p> </div>
<div style="line-height: 1.2;">
<div style="margin: 0px; padding-left: 0pt; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit; margin-right: 0pt; margin-bottom: 0pt; break-after: avoid; text-align: justify; text-indent: 0pt; margin-left: 0pt !important;"><span style="line-height: inherit;">B. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Storage services for liquid bulk </span></span></div>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Port infrastructure and efficiency are key factors in economic development, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">especially</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> international and regional trade development. There are three types of port management systems: </span></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 5pt 0pt 6pt 6.45pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Landlord ports: under this model, which is the most common one, both the public and private sectors are engaged in the overall management of the port, whereupon terminals are leased to private companies through concession agreements. Companies are granted long-term leases, associated with rights to operate the terminal, in exchange for fixed and/or variable payments. Under the landlord port model, the public port is responsible for maintenance and investments in infrastructure and for acting as a local regulator, whereas the private companies are responsible for maintenance and investments in infrastructure and for providing storage services to users. All of Ultracargo&#8217;s port terminals (Santos, Aratu, Suape, Itaqui, Vila do Conde and Rio de Janeiro) are in ports under the landlord port system; </span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 5pt 0pt 6pt 6.45pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Public service ports: the port authority of public service ports performs the whole range of port-related services and is responsible for maintenance and investments in all infrastructure, which they own. These ports are formed as branches of the government but some services may be outsourced to private companies. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of the date of this annual report</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, there is no public service port in Brazil;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 5pt 0pt 6pt 6.45pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Private service ports: under this model, the ports are privatized ports that are privately owned and managed, but subject to regulatory oversight. Government-owned entities can be relevant shareholders of these ports and therefore influence its management to adopt strategies in line with the public interest. The ports of Itapo&#225; (state of Santa Catarina) and A&#231;u (state of Rio de Janeiro) are private service ports.</span></li> </ul>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>50</span></span></td> </tr> </tbody> </table>
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<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The Brazilian Ministry of Ports and Airports classifies cargo into the following categories, according to the National Port Logistic Plan (</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">N</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">P</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">LP):</span></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 5pt 0pt 6pt 6.45pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Solid bulk: sugar, soybeans, corn, lumber, cereal;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 5pt 0pt 6pt 6.45pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Mineral solid bulk: fertilizers, coal, metals, salt;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 5pt 0pt 6pt 6.45pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Liquid bulk (fuel and chemicals): oil, alcohol, chemicals, fuels;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 5pt 0pt 6pt 6.45pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Liquid bulk (vegetable): vegetable oils, food, juice; and</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 5pt 0pt 6pt 6.45pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Containerized and general cargo: machines, equipment, furniture, food, clothing, vehicles, livestock.</span></li> </ul>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">According to the information presented by ANTAQ, in 2024, solid bulk accounted for </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">60</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% of all cargo handled in Brazilian ports, followed by liquid bulk </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">24</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% and containerized and general cargo </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">17</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Regulation</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Port infrastructure and services in Brazil are regulated by ANTAQ, which was created in 2001 to implement, regulate and enforce guidelines established by the Ministry of Ports and Airports. The agency dedicates efforts to ensure an adequate level of competition and tariffs, and to balance the interests of clients and service providers. </span></p>
<p style="margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Ultracargo </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultracargo is the largest private provider of liquid bulk storage services in Brazil. The company stores and handles liquid bulk, mainly fuels, chemicals, ethanol, corrosives and vegetable oils. Through its multipurpose terminals, Ultracargo operates a wide range of products, which allows it to meet the needs of different clients. In 2024, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">58</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% of Ultracargo&#8217;s net revenues were comprised by handling of gasoline and diesel, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">22</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% of chemicals, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">8</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">alcohol </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">12</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% of other liquid bulk product</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Besides other skills that allow Ultracargo to efficiently operate multipurpose terminals, the company has important operational know-how concerning proper coating and cooling temperatures of its tanks to avoid chemical reactions that could affect the safety of the terminals.</span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>51</span></span></td> </tr> </tbody> </table>
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<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The following chart shows the overall process of loading and unloading of liquid bulks. Apart from offering liquid bulk storage services, Ultracargo also provides services related to ship loading and unloading, operation of pipelines, logistics programming and installation engineering.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: left;"><img src="img74a0c60d011d4ad8b1df.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"/></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>52</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Clients.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Ultracargo operates with a diversified portfolio of clients and long-term contracts. In 2024, Ultracargo&#8217;s ten largest clients accounted for </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">62</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% of its revenues, with its three largest clients (including Ipiranga, a related party), accounting for </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">37</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%. In the same period, clients with contracts in the spot model (term of less than one year) and with terms of one to three years, three to five years and more than five years accounted for </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">9</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">7</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% of its revenues, respectively.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultracargo&#8217;s record results and profitability in recent years are a result of its strategy of expanding capacity and gaining operational efficiency, safety and productivity, as well as opportunities associated with the energy transition. The company seeks alternatives to expand to inland operations, increasing its market relevance in biofuels handling, mainly ethanol, connected to the potential that Brazil has to lead the transition to a low-carbon economy.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Storage facilities</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> As of December 31, 2024, Ultracargo operated </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">8</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> terminals</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">with a total storage capacity of 1,067 thousand m&#179;, providing it with strategic positioning in the main logistics hubs in Brazil. Ultracargo&#8217;s port terminals (with exception of those in Paul&#237;nia and Rondon&#243;polis) are </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">multipurpose and</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> can store multiple types of liquid bulk according to market demand. The following table sets forth the main characteristics of each storage facility operated by Ultracargo: </span></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Facility</span></p> </td>
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<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Installed capacity</span><br/><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">(in</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">thousand m&#179;)</span></span></p> </td>
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<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Land and</span><br/><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"> infrastructure ownership</span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Transportation modals</span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Santos (state of S&#227;o Paulo)</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; width: 14%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">297</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; width: 1%;"><br/></td>
<td style="vertical-align: middle; height: 10px; width: 14%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Private </span><span style="font-family: 'Times New Roman'; font-size: 6.67pt; vertical-align: super; line-height: inherit;">(2)</span></p> </td>
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<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; width: 14%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Maritime + road</span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Aratu (state of Bahia)</span></p> </td>
<td style="padding-left: 7.2pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">218</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Public (leasing)</span></p> </td>
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<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.1;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Maritime + road + rail + pipe</span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Suape (state of Pernambuco)</span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">158</span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Public (leasing)</span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Maritime </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">+ </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">road </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">+ </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">pipe</span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="vertical-align: middle; width: 35.82%; height: 16px; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Itaqui (</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">state of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Maranh&#227;o)</span></span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">155</span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Public (leasing)</span></p> </td>
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<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Maritime </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">+ </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">road </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">+ p</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ipe</span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="vertical-align: middle; width: 35.82%; height: 16px; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Vila do Conde (</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">state of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Par&#225;)</span></span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">120</span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Public (leasing)</span></p> </td>
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<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Maritime </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">+ </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">road</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </td>
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<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: left;"><span style="vertical-align: middle; width: 35.82%; height: 16px; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Paul&#237;nia </span><span style="font-family: 'Times New Roman'; font-size: 6.67pt; vertical-align: super; line-height: inherit;">(1)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (state of S&#227;o Paulo)</span></span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">90</span></p> </td>
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<td style="vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Private</span></p> </td>
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<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Road + </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">pipe</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="vertical-align: middle; width: 35.82%; height: 16px; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Rio de Janeiro (</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">state of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Rio de Janeiro)</span></span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">17</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Public (leasing)</span></p> </td>
<td style="vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Maritime </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">+ </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">road</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </td>
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<td style="vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Rondon&#243;polis (state of Mato Grosso)</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">12</span></p> </td>
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<td style="vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Private</span></p> </td>
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<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Road </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">+ </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">rail</span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit; font-weight: bold;">Total</span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">1,067</span></p> </td>
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<td style="vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p> </td>
<td style="vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px;"><br/></td> </tr> </tbody> </table>
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<td style="width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td>
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<td style="width: 3%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -25px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(1)</span></td>
<td style="height: 16px; width: 97%; vertical-align: top;" colspan="2" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -25px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Opla, a joint-venture with BP. Ultracargo has a 50% stake (total terminal capacity: 180 thousand m&#179;)</span></td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -25px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(2)</span></td>
<td style="height: 10px; vertical-align: top;" colspan="2" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -25px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">The port of Santos operates under a landlord model, but as an exception,&#160;</span>Ultracargo&#8217;s<span style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -25px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;land and infrastructure are private (it does not operate under a concession contract)</span></span></td> </tr> </tbody> </table> </div>
<div style="line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify; text-indent: 24.4pt; line-height: inherit;"><br/></span></div>
<div style="line-height: 1.2; margin: 0pt; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify; text-indent: 24.4pt; line-height: inherit;">In 2023, </span>Ultracargo<span style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify; text-indent: 24.4pt; line-height: inherit;"> began investing in inland terminals, with the goal of expanding its port operations. We expect that these new terminals will play a crucial role as strategic storage centers, increasing the flexibility of port terminals. With this expansion, we intend to offer even broader coverage to our customers, and provide greater operational efficiency.</span>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Additionally, as these terminals will be integrated into the country&#8217;s main railway networks, customers will have access to more agile and reliable logistics for storing and transportation. The recent acquisitions of the Paul&#237;nia and Rondon&#243;polis terminals represent a significant step to improve the connection between the products and services offered by Ultrapar and its subsidiaries and the Brazilian agribusiness sector. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Increases in installed capacity. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2019, Ultracargo&#8217;s operational capacity in Santos increased by 84 thousand m&#179; as a result of the retrofit of 38 thousand m&#179; in July and the repair of 46 thousand m&#179; in September. In October 2019, Ultracargo added 30 thousand m&#179; to Itaqui&#8217;s capacity through the implementation of the first phase, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">out of three phases</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> of its expansion. Also, in 2019, Ultracargo won a bid for a greenfield terminal in Vila do Conde&#8217;s port, located in Barcarena, state of Par&#225;. Vila do Conde is considered a strategic position for Ultracargo, since it allows the company to meet the increasing demand for fuel at the state of Par&#225;. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultracargo incorporated Tequimar Vila do Conde Log&#237;stica Portu&#225;ria S.A. in 2019 in connection with Vila do Conde&#8217;s concession. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">See &#8220;Item 4.A. Information on the Company&#8212;History and development of the Company&#8212;A.1. Continuing operations&#8212; Ultracargo.&#8221; </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2020, <span style="font-size: 10pt; line-height: 107%; font-family: Calibri, sans-serif; color: #000000; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; ;color: black;">Ultracargo&#8217;s operational
capa</span>city in</span> Itaqui increased by 24 thousand m&#179; through the full implementation of the second phase and beginning of the third phase of its expansion.</span></p>
<p style="text-align: justify;;margin:0pt"><br/></p>
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>53</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div> </div>
<div style="line-height: 1.2; margin: 0pt;">
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2021, Ultracargo accomplished several milestones related to its expansion plan, consolidating its position and leadership in the liquid bulk market. In April, the company won the public auction to operate in the IQI13 area at the Itaqui port, in the state of Maranh&#227;o, where the company already operates and is the market leader. The new area will increase Ultracargo&#8217;s total installed capacity by </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> thousand m&#179; and its operations are expected to start up to 2026</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, due to a contractual obligation with </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">port authority</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Throughout 2021, Ultracargo concluded the third phase of its expansion at the Itaqui terminal, which further increased its capacity by 46 thousand m&#179;, resulting in a total installed capacity of 155 thousand m&#179;. At the Vila do Conde terminal, Ultracargo started its operations in December 2021, with a total installed capacity of 1</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0 thousand m&#179;. Ultracargo currently is the only provider of storage services for liquid bulk at this port, which marks an important step in the expansion plan for the North region.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2022, Ultracargo decided to discontinue its operations in Paranagu&#225; and in 2023 the demobilization process of the storage capacity at this terminal was completed.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2023, Ultracargo took several actions to increase its capacity, in different locations. In April, the company signed an agreement for the acquisition of a 50% stake in Opla, held by Copersucar. The transaction was closed on July 1, 2023, and Ultracargo and BP are now co-controllers of Opla, the largest independent terminal of ethanol in Brazil. The total installed capacity of Opla&#8217;s terminal is 180 thousand m&#179;, and thus Ultracargo&#8217;s total installed capacity was increased by 90 thousand m&#179;. The acquisition of this stake in Opla marks Ultracargo&#8217;s entry into the inland liquid bulk storage and logistics segment, integrated with port terminals, in line with its growth plan. Opla is a strategic asset in the ethanol and derivatives distribution chain, with high growth potential and value creation, given the ability of opening the terminal to third parties and relevant productivity gains in using the asset. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Also in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the second half of 2023, there was an increase of 10 thousand m&#179; of storage capacity in the Vila do Conde terminal due to the acquisition by Ultracargo of an asset from Ipiranga and the start of operations in a terminal in the city of Rondon&#243;polis, in the State of Mato Grosso, also acquired by Ultracargo from Ipiranga, representing another inland terminal strategically located to handle ethanol and oil derivatives. The Rondon&#243;polis terminal is currently under expansion, and Ultracargo expects to add </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">22 </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">thousand m&#179; of capacity to the terminal</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, with work expected to begin in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">second quarter of</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> 2025.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In addition to the capacity expansion in the Itaqui port described above, Ultracargo is currently building a greenfield terminal in the city of Palmeirante, which will be the first liquid bulk terminal in the state of Tocantins. The Palmeirante terminal is expected to increase Ultracargo&#8217;s total installed capacity by 23 thousand m&#179; </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> 2025 and supply fuels for the states of Maranh&#227;o, Tocantins, Par&#225; and Mato Grosso</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Finally, the projects to expand the</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Santos terminal by the second quarter of 2025 and the Suape terminal by the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">second quarter</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> of 2026 are expected to add 34 thousand m&#179; and 40 thousand m&#179; to Ultracargo&#8217;s total installed capacity, respectively.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Assets utilization</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> The following table sets forth the m&#179; sold at Ultracargo&#8217;s port terminals in 2024, 2023 and 2022. </span></p>
<table cellspacing="0" cellpadding="0" style="height: 110px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr>
<td style="vertical-align: bottom; width: 63.964%; padding: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: middle; text-align: center; width: 34%; border-bottom-width: 1px; border-bottom-style: solid; padding: 0px; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" colspan="7"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Volume sold (in thousand m&#179;)</span></td>
<td style="vertical-align: middle; text-align: center; width: 0.982801%; padding: 0px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: bottom; height: 10px; width: 63.964%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Facility</span></p> </td>
<td style="vertical-align: bottom; width: 1%; height: 10px; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: middle; height: 10px; text-align: center; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">2024</span></p> </td>
<td style="vertical-align: middle; text-align: center; width: 1%; height: 10px; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: middle; text-align: center; width: 1%; height: 10px; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: middle; height: 10px; text-align: center; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">2023</span></p> </td>
<td style="vertical-align: middle; text-align: center; width: 1%; height: 10px; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: middle; text-align: center; width: 1%; height: 10px; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: middle; height: 10px; text-align: center; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">2022</span></p> </td>
<td style="vertical-align: middle; text-align: center; width: 0.982801%; height: 10px; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 10px; width: 63.964%; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Santos (state of S&#227;o Paulo)</span></p> </td>
<td style="vertical-align: bottom; height: 10px; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="text-align: right; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,822</span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: bottom; height: 10px; width: 10%; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="text-align: right; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4,241</span></p> </td>
<td style="vertical-align: bottom; height: 10px; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: bottom; height: 10px; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: bottom; height: 10px; width: 10%; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="text-align: right; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,729</span></p> </td>
<td style="vertical-align: bottom; height: 10px; width: 0.982801%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: bottom; height: 10px; width: 63.964%; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Itaqui (state of Maranh&#227;o)</span></p> </td>
<td style="vertical-align: bottom; height: 10px; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="text-align: right; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,576</span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: bottom; height: 10px; width: 10%; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="text-align: right; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,732</span></p> </td>
<td style="vertical-align: bottom; height: 10px; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: bottom; height: 10px; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: bottom; height: 10px; width: 10%; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="text-align: right; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,432</span></p> </td>
<td style="vertical-align: bottom; height: 10px; width: 0.982801%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 10px; width: 63.964%; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Aratu (state of Bahia)</span></p> </td>
<td style="vertical-align: bottom; height: 10px; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="text-align: right; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,724</span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: bottom; height: 10px; width: 10%; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="text-align: right; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,848</span></p> </td>
<td style="vertical-align: bottom; height: 10px; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: bottom; height: 10px; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: bottom; height: 10px; width: 10%; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="text-align: right; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,807</span></p> </td>
<td style="vertical-align: bottom; height: 10px; width: 0.982801%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: bottom; height: 10px; width: 63.964%; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Suape (state of Pernambuco)</span></p> </td>
<td style="vertical-align: bottom; height: 10px; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="text-align: right; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,591</span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: bottom; height: 10px; width: 10%; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="text-align: right; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,624</span></p> </td>
<td style="vertical-align: bottom; height: 10px; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: bottom; height: 10px; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: bottom; height: 10px; width: 10%; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="text-align: right; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,528</span></p> </td>
<td style="vertical-align: bottom; height: 10px; width: 0.982801%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 10px; width: 63.964%; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Vila do Conde (state of Par&#225;)</span></p> </td>
<td style="vertical-align: bottom; height: 10px; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="text-align: right; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,310</span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: bottom; height: 10px; width: 10%; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="text-align: right; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,082</span></p> </td>
<td style="vertical-align: bottom; height: 10px; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: bottom; height: 10px; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: bottom; height: 10px; width: 10%; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="text-align: right; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">887</span></p> </td>
<td style="vertical-align: bottom; height: 10px; width: 0.982801%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: bottom; height: 10px; width: 63.964%; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Paul&#237;nia (state of S&#227;o Paulo)</span></p> </td>
<td style="vertical-align: bottom; height: 10px; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="text-align: right; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,435</span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: bottom; height: 10px; width: 10%; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="text-align: right; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">903</span></p> </td>
<td style="vertical-align: bottom; height: 10px; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: bottom; height: 10px; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: bottom; height: 10px; width: 10%; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="text-align: right; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="vertical-align: bottom; height: 10px; width: 0.982801%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 10px; width: 63.964%; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Rio de Janeiro (</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">state of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Rio de Janeiro)</span></p> </td>
<td style="vertical-align: bottom; height: 10px; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="text-align: right; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">200</span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: bottom; height: 10px; width: 10%; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="text-align: right; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">201</span></p> </td>
<td style="vertical-align: bottom; height: 10px; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: bottom; height: 10px; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: bottom; height: 10px; width: 10%; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="text-align: right; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">206</span></p> </td>
<td style="vertical-align: bottom; height: 10px; width: 0.982801%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: bottom; height: 10px; width: 63.964%; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Rondon&#243;polis (state of Mato Grosso)</span></p> </td>
<td style="vertical-align: bottom; height: 10px; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="text-align: right; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">485</span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: bottom; height: 10px; width: 10%; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="text-align: right; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">75</span></p> </td>
<td style="vertical-align: bottom; height: 10px; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: bottom; height: 10px; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: bottom; height: 10px; width: 10%; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="text-align: right; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="vertical-align: bottom; height: 10px; width: 0.982801%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 10px; width: 63.964%; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Total</span></p> </td>
<td style="vertical-align: bottom; height: 10px; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 10%; border-bottom: 2.8pt double #000000; border-top: 1pt solid #000000; margin: 0px; text-indent: 0px;">
<p style="text-align: right; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">17,143</span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: bottom; height: 10px; width: 10%; border-bottom: 2.8pt double #000000; border-top: 1pt solid #000000; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="text-align: right; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">15,707</span></p> </td>
<td style="vertical-align: bottom; height: 10px; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: bottom; height: 10px; width: 1%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td>
<td style="vertical-align: bottom; height: 10px; width: 10%; border-bottom: 2.8pt double #000000; border-top: 1pt solid #000000; padding: 0px; margin: 0px; text-indent: 0px;">
<p style="text-align: right; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">13,589</span></p> </td>
<td style="vertical-align: bottom; height: 10px; width: 0.982801%; padding: 0px; margin: 0px; text-indent: 0px;"><br/> </td> </tr> </tbody> </table>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Operational efficiency and technology.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2020, Ultracargo created two innovative and strategic programs: Conecta, a digital transformation program designed to develop and improve processes across various areas of the company and enhance operational efficiency based on a new software architecture; and Soul, a new operational management model designed to optimize the terminal&#8217;s operations. In 2021, the company concluded the implementation of Conecta at the terminals of Itaqui, Suape, Vila do Conde and at its headquarters, and the implementation in all terminals was concluded in the first semester of 2023. The Soul program already demonstrates notable gains related to continuous improvement in processes and management methods, in addition to reduction in waste, optimization of operational processes, increased productivity and safety standards.</span></p>
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<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>54</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div>
<div style="line-height: 1.2;">
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Competition. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultracargo remains among the leaders in all the ports in which we operate. According to ABTL, Ultracargo&#8217;s market share in product storage in 2024 was </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">100</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% in Rio de Janeiro, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">65</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% in Aratu, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">45</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% in Itaqui, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">21</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% in Suape, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">17</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% in Santos and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">100</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% in Vila do Conde. Ultracargo&#8217;s national geographic presence represents a competitive advantage compared to local operators, allowing it to offer differentiated proposals to customers compared to other players.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultracargo operates in a highly regulated and capital-intensive market. Terminal lease contracts are usually long-term, as well as contracts with clients. Port competitiveness and overall structure are important factors to determine the most efficient route for each product. At the same time, the terminal&#8217;s operational efficiency, quality of service, capacity, and price level are factors to determine which operator will be more competitive within the port.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultracargo&#8217;s main competitors are:</span> </p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 7.48pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Cattalini: is the largest liquid bulk operator in Paranagu&#225; port, with </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">610</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> thousand m</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#179; </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of installed capacity;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 7.48pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ageo: is the largest liquid bulk operator in Santos port, with </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">520</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> thousan</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">d </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">m&#179; of installed capacity;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 7.48pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Odfjell: is one of the world leaders in liquid bulk storage and has 331 thousand m&#179; of installed capacity in Brazil, distributed across the ports of S&#227;o Lu&#237;s, Teresina, Palmas, Lad&#225;rio, Santos, and Rio Grande; and</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 7.48pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Vopak: is one of the world leaders in tank storage and operates terminals in Santos and Aratu</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, with 399 thousand m&#179; of installed capacity</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></li> </ul>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The following table sets forth the market share of private providers of liquid bulk storage in port terminal in terms of volume handled according to ABTL in 2024, 2023 and 2022:</span></p>
<table cellspacing="0" cellpadding="0" style="height: 90px; border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 80%; text-indent: 0px;" width="80%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;</span></p> </td>
<td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Market share &#8211; Volume handled (tons)</span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">2024</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">2023</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">2022</span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 68%;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultracargo</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">22</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">23.8</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">24.7%</span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Cattalini</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">15</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">17.8</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">17.3%</span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ageo</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">11</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">13.0</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">13.0%</span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Odfjell</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">8</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">8.8</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">9.9%</span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Vopak</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">7</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">7.0</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">7.1%</span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">TFB S/A</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5.9</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6.6%</span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Others</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">29</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">23.7</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">21.4%</span></p> </td> </tr> </tbody> </table>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In addition to competing with players operating at the same terminal, in some cases, two or more different terminals may have overlapping areas of influence.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Furthermore, some of our main clients are fuel distributors (such as Ipiranga). These companies also have their own capacity for fuel storage and can expand their logistics infrastructure, reducing the demand for </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultracargo&#8217;s</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> storage services and even offering storage services to other distributors.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Maintenance and quality control</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> We believe that Ultracargo stands out for its engineering and project execution skills, which is fundamental in the capital-intensive logistics infrastructure segment. During the design phase of each terminal, Ultracargo creates a preventive maintenance program, considering a schedule for rotational tank shutdowns to ensure storage supply and meeting all clients&#8217; needs. In addition, Ultracargo has a team of employees dedicated to ensuring appropriate level of quality in its services and compliance with safety standards. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Environmental, health and safety standards. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultracargo is subject to Brazilian federal, state and local laws and regulations relating to environmental protection, safety, and occupational health and safety licensing by the fire department. CONAMA is the main responsible body for ruling and accepting matters with respect to the environment. Environmental state agencies and municipal departments are also responsible for establishing and supervising complementary laws and regulations. Ultracargo must also obtain authorizations and/or licenses from federal, state, and/or municipal environmental agencies and fire departments to implement and operate their facilities. Ultracargo is required to develop and implement programs to control air and water pollution and hazardous waste, emergency plans for its terminals and headquarters. Some of the products stored in Ultracargo&#8217;s terminals such as fuel and some chemicals may be classified as hazardous by The International Maritime Dangerous Goods Code (IMDG), which is also used by ANTAQ. The storage and transport of these products may be subject to specific regulation and authorization by the port authority. Ultracargo is in compliance with international standards such as ISO 9001, ISO 14001 and ISO 4500</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1.</span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><br/></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>55</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Quality</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> In 2002, Santos and Rio de Janeiro&#8217;s terminals obtained an ISO 14001 certification and the OHSAS 18001 certificate in the next year. In 2007, Ultracargo&#8217;s terminal in Aratu obtained an ISO 14001 certification and then, in 2012, obtained the OHSAS 18001 certificate. In 2011, Suape terminal obtained an ISO 14001 certification and the OHSAS 18001 certificate in the next year. In 2015, Itaqui terminal obtained both an ISO 14001 and the OHSAS 18001 certifications. </span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Since then, Ultracargo's terminals have undergone several recertification processes, with the most recent taking place in 2024 for the Aratu, Itaqui, Rio de Janeiro, Santos, Suape, and Matriz terminals. Additionally, the Vila do Conde terminal was certified under ISO 9001, ISO 14001, and ISO 45001 standards in the same year.</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2024, Ultracargo also launched its new Integrated Management System Policy - SOUL, which incorporates a set of best practices focused on safety, environmental protection, and risk mitigation, applicable to all its terminals</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">F</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">ire at storage facilities in Santos. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2015, a fire occurred in six ethanol and gasoline tanks operated by Ultracargo in Santos, which represented 4% of the company&#8217;s overall capacity as of December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, 2014. The Civil and Federal Polices investigated the accident and its impacts and concluded that determining the cause of the accident and identifying any specific actions related to the cause was not possible. Accordingly, there was no criminal charge against either any individual or Ultracargo, by such authorities. Notwithstanding, on February</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">21, 2018, the Federal Criminal Court of Santos accepted a criminal indictment filed by the Federal Public Prosecutor&#8217;s Office against Ultracargo Log&#237;stica (formerly Tequimar), which presented its defense against these charges, after being summoned in June 2018. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2017, Ultracargo obtained the licensing required for the return to operation of 67.5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">thousand m&#179; of the total of 151.5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">thousand m&#179; affected by the fire. The remaining tanks (84</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">thousand m&#179;) resumed operations between July and September 2019. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2019, Ultracargo signed a partial Conduct Adjustment Agreement (&#8220;TAC&#8221;) with the Federal Public Prosecutor&#8217;s Office and the State Public Prosecutor&#8217;s Office in the amount of R$67.5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million for the implementation of actions to offset the impacts caused to the Santos estuary following the fire at the Ultracargo terminal in 2015. Such amount was already paid in full by Ultrapar. Negotiations of indemnification for other alleged environmental damages are still in progress with the Federal Public Prosecutor&#8217;s Office and the State Public Prosecutor&#8217;s Office and, once finalized, Ultracargo may need to make future disbursements that are not currently provisioned, which may adversely affect our results of operations.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In addition, Ultracargo agreed to a deferred prosecution agreement in 2019. Pursuant to the terms of the deferred prosecution agreement, the prosecution by the 5th Federal Criminal Court of Santos was initially suspended until September 2021 and Ultracargo agreed to an additional compensation of R$13.0</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million to a social project in Santos. Considering that Ultracargo complied with the obligations assumed in the TAC, at the end of the suspension period, Ultracargo requested the criminal proceeding to be closed by the court, which was granted on June 23, 2022, with recognition of compliance with the imposed conditions.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Therefore, the measures pursuant to an agreement signed between Ultracargo and the Public Prosecutor&#8217;s Office in relation to certain alleged environmental damages are in process of being implemented. As a result of the evolution of the regulation process with insurers, as of December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, 2016, the company recorded insurance receivables in the amount of R$366.7</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million and indemnities to customers and third parties in the amount of R$99.9</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million in its balance sheet. In the first quarter of 2017, Ultracargo </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">received the full amount from the insurers. On February 4, 2021, the subsidiary paid the remaining balance related to the TAC, without pending and/or additional financial obligation arising from such commitment assumed. Between December 31, 2022, and December 31, 2024, there were no extrajudicial claims. See &#8220;Item 8.A. Financial information&#8212;Consolidated statements and other financial information&#8212;Legal proceedings.&#8221;</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 28.35pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Income tax exemption status. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Brazilian legislation provides a 75% income tax reduction for businesses located in the Northeast region of Brazil, which depends on SUDENE formal and previous approval. Ultracargo&#8217;s terminals at Itaqui, Suape and Aratu are entitled to the tax benefit up to 2025, 2030 and 2032, respectively. The total amount of SUDENE&#8217;s income tax exemption for Ultracargo for the years ended on December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, 2024, 2023 and 2022 was R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">38.7</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">R$44.3 million and R$37.1</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million, respectively. </span></p> </div>
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<p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 12pt; line-height: inherit;">&#160;</span></p>
<div style="margin: 0pt; padding-left: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit; break-after: avoid; text-align: justify; text-indent: 0pt; margin: 18pt 0pt 0pt 0pt !important;"><span style="line-height: inherit;">C. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Fuel distribution</span></span></div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">T</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">he Brazilian fuel market comprises the distribution and marketing of diesel, gasoline (including aviation gasoline), ethanol, fuel oil, kerosene (including aviation kerosene) and natural gas for vehicles (NGV). </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">According to IPB, i</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">n 2024 diesel represented 47% of the volume of fuel distributed in Brazil, followed by gasoline and ethanol, representing 31% and 15%, respectively. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The distribution of fuels (gasoline, ethanol, and diesel) is made mainly through three channels, as follows: </span></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 7.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Service stations, which serve final retail consumers;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 6pt 0pt 0pt 7.6pt; padding-left: 8.4pt; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Large consumers, mainly industries and fleets; and</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 6pt 0pt 0pt 7.6pt; padding-left: 8.4pt; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Retail&#8212;wholesale resellers&#8212;TRR, specialized resellers that distribute diesel to medium and small volume end-users.</span></li> </ul> </div>
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<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The following chart shows the fuel distribution process in Brazil: </span></p>
<p style="margin: 0px; break-after: avoid; line-height: 1.2; text-align: left; text-indent: 0px;"><img src="imge7cb6a7d63df4f9b9c0b.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"/></p>
<p style="margin: 9pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Imported products arrive at the port terminals and are then sent to primary bases via road, railway, river and/or cabotage and to secondary bases via road, railway and/or river. </span></p>
<p style="margin: 9pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Oil-derivative products are transported from refineries and port terminals to storage terminals via pipelines, coastal or river shipment and trucks. Distribution of oil-derivative products is carried out through an extensive network of primary and secondary storage terminals. Primary storage terminals are generally located near refineries and ports and are used either to store products to be sold to customers or to be transported to secondary storage terminals.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Transportation of oil-derivative products between primary and secondary storage terminals is carried out by pipelines, railroads, trucks and coastal or river barges. Purchases from ethanol mills are usually sent via road and rail to primary and secondary </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">bases, and via pipelines only to primary bases. Delivery to service stations, large consumers and TRRs is made exclusively by trucks. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">All gasoline sold in Brazil must contain a certain proportion of anhydrous ethanol, set at 27%, which can vary from 22% to 35%,</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">provided its technical feasibility is confirmed, according to Law No. 9,478/97, as amended by the recent publication of Law 14,993/2024, which deals with the Combust&#237;vel do Futuro (Fuel of the Future). The CNPE establishes the percentage of anhydrous ethanol that must be added to gasoline (currently, at </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">27</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% in regular gasoline and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">25</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% in additive/premium gasoline).</span></p>
<p style="margin: 10pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On September 24, 2014, in accordance with Law No.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">13.033, changes were incorporated into the &#8220;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Programa<span style="line-height: inherit;">&#160;</span>Nacional<span style="line-height: inherit;">&#160;</span>de<span style="line-height: inherit;">&#160;</span>Biodiesel&#8221;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>(the National<span style="line-height: inherit;">&#160;</span>Biodiesel<span style="line-height: inherit;">&#160;</span>Program). Since 2008, a certain amount of<span style="line-height: inherit;">&#160;</span>biodiesel<span style="line-height: inherit;">&#160;</span>has been required to be added to diesel. In addition, some changes were required in the distributors&#8217; facilities, as well as the restructuring of its logistics. The Resolution 8/23 of the CNPE, fixed the mandatory blending rate at 14% from March 2024 to March 2025. According to this Resolution, the mandatory blending rate should increase to 15% in March 2025, reaching 20% in March 2030. In turn, Law 14.993/2024 provided for an annual increase of 1% in the addition of<span style="line-height: inherit;">&#160;</span>biodiesel<span style="line-height: inherit;">&#160;</span>to diesel starting in 2025, reaching 20% in March 2030.</span></p>
<p style="margin: 10pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In this regard, with the approval of bill 528/2020, which led to Law 14,993/2024, the<span style="line-height: inherit;">&#160;</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Combust&#237;vel<span style="line-height: inherit;">&#160;</span>do<span style="line-height: inherit;">&#160;</span>Futuro</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>(Fuel of the Future), aimed to reduce carbon emissions and promote<span style="line-height: inherit;">&#160;</span>biofuels, sets forth critical thresholds impacting the fuel distribution sector in Brazil, including: (i) a target to gradually increase the<span style="line-height: inherit;">&#160;</span>biodiesel<span style="line-height: inherit;">&#160;</span>blend required in diesel by 1% per year, from 1</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% in 202</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4</span><span style="line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">to 20% in 2030, (ii) a mandate of a maximum of 3% blending of HVO (Hydrotreated<span style="line-height: inherit;">&#160;</span>Vegetable Oil, most commonly known as renewable diesel or green diesel) in diesel, and (iii) an expansion of the range of ethanol blend in gasoline that could be required by the competent authority. Furthermore, the new law also proposes regulations for Sustainable Aviation Fuel (SAF), Carbon Capture and Storage (CCS), synthetic fuels (e-fuels),<span style="line-height: inherit;">&#160;</span>biomethane<span style="line-height: inherit;">&#160;</span>and others.</span></p>
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<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Gasoline A&#8221; (as it is known in its unmixed form) and diesel are mixed with anhydrous ethanol and biodiesel, respectively, at the distributors storage terminals which are then sold to service stations, large consumers and TRRs.</span></p>
<p style="background-color: #ffffff; margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Supply. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">According to ANP,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Petrobras is the most relevant domestic supplier of oil derivatives, accounting for </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">85% </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of the Brazilian refining capacity as of December 31, 2024. There are currently </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">18 </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">oil refineries in Brazil, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">10 </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of which are owned by Petrobras. In November 2021, based on the commitment signed by Petrobras with CADE in June 2019, Petrobras closed the sale of the Landulpho Alves Refinery (RLAM), located in Bahia, and in November 2022, Petrobras closed the sale of Isaac Sabb&#225; Refinery (REMAN), located in Manaus. Also, in the second semester of 2023, Petrobras completed the sale of Potigar Clara Camar&#227;o Refinery (RPCC), located in Rio Grande do Norte. </span></p>
<p style="background-color: #ffffff; margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The supply from Petrobras to distributors in general is governed by an annual contract that outlines operational conditions, rights and duties, penalties, among other topics. For the volume supply, a commitment is established for each quarter of the year, with the initial proposal of a minimum volume per product sent by Petrobras based on the volume of each distributor for the last three months. Petrobras ensures the delivery of this volume while distributors (such as Ipiranga) incur a penalty if they consume less than the minimum volume. Distributors must then place monthly orders that comply with the minimum volumes but are able to place additional orders depending on their needs. Petrobras is not required to supply all the volume requested by such distributors and then notifies them in advance of how much will be delivered (which became known as &#8220;quota cuts&#8221;).</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Brazilian refineries are located predominantly in the South, Northeast and Southeast regions of Brazil. Petrobras&#8217;s total refining capacity in December 2024 was approximately 1,7</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million barrels per day. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">According to ANP, t</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">he overall product yield for Brazilian refineries in 2024 was 39% diesel, 24% gasoline, 14% fuel oil, 6% LPG and 17% other products. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Since the end of 2021, Petrobras announced that it would cease to guarantee the supply of fuels to the Brazilian market and informed distributors that a portion of their fuel purchase orders would not be fully met.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As a result, fuel distribution companies, including Ipiranga, were required to purchase part of their fuel needs in the international market and, during some periods, prices of imported fuels might be materially different from those charged by Petrobras. In 2024, 23% and 8% of diesel and gasoline</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> in the Brazilian market</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, respectively, were imported, and the remaining were supplied by local refineries.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The ongoing hostility between Russia and Ukraine led to significant developments in the international trade flow of oil-based fuels. Due to the banning of Russian diesel imports by most of the countries of the European Union and the price cap (maximum price that importers could pay for Russian diesel) imposed by G7 countries, Russia sought new destinations for its exports. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Thus, in 2023, through competitive prices, Russia became the main supplier of diesel to Brazil, surpassing the United States, which had been the largest supplier until then. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2024, the flow of Russian oil derivatives to Brazil and other Latin American countries became increasingly consolidated. Russia remained the primary supplier of diesel to Brazil, while notable volumes of gasoline and naphtha imports also emerged. As the market matured, the range of originators of Russian products in Brazil diversified, paralleling the expansion of Russia's export destinations&#8212;which now include significant volumes to Africa and Asia. Additionally, outages resulting from attacks on the Russian refining park contributed to a reduction in supply during the second half of 2024, leading to smaller price discounts compared to 2023.</span></p>
<p style="margin: 0px; text-indent: 0px; line-height: 1.2;"><img src="img3549742155ac4ec7a869.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"/></p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">Source: Comex Stat.</span></p>
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<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For more information on the risks related to the conflict between Ukraine and Russia, see &#8220;Item 3.D. Key information&#8212;Risk factors&#8212;Our businesses, financial condition and results of operations may be materially and adversely affected by a general economic downturn and by instability and volatility in the financial markets, including as a result of the conflict between Ukraine and Russia and the conflict involving Hamas and Israel</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.&#8221;</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The ethanol fuel market in Brazil consists of corn and sugarcane mills, producing sugar, ethanol, and dried distillers grains (DDG). </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">According to ANP, i</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">n 2024 79.2% of the ethanol produced in Brazil was from sugarcane and 20.8% was from corn. Ethanol production from sugarcane occurs approximately eight months per year and ethanol from corn runs through the whole year. Since sugarcane can either be used to produce ethanol or sugar, from a sugarcane producer&#8217;s perspective, the production ratio between ethanol and sugar is determined based on the prices of ethanol and sugar in the Brazilian and international markets. Although ethanol production is subject to favorable climate conditions, the risk of interruptions in supply is mainly restricted to the end of the harvest. A portion of the production is stored in the distilleries to meet demand during the inter-harvest season. Distilleries produce two types of ethanol: (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">anhydrous ethanol, which must be blended with gasoline &#8220;A&#8221; and (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">hydrated ethanol, which is essentially used for flex fuel vehicles. Unlike oil-derivatives, ethanol is purchased from several producers. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Biodiesel is purchased from several biofuel producers in Brazil, and its main feedstocks are soybean oil and tallow. As of December 31, 2024, there were 58 biodiesel producers, located predominantly in the Center-West and South regions. Brazil&#8217;s biodiesel production in 2024 totaled 9 billion liters.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Demand</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Fuel demand in Brazil is mainly segregated into demand for Otto cycle fuels (which comprises gasoline, ethanol and NGV), intended for light vehicles, and diesel, intended mainly for heavy-duty vehicles. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Historically, a high positive correlation is observed between the behavior of the diesel market and the Brazilian GDP, which has been the primary indicator for consumption projections. Demand may also be influenced by potential increases in the biofuel blend on gasoline and diesel, as well as the long-term impact of other decarbonization initiatives. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The expansion of Otto cycle fuel demand is related to the growth of the light vehicle fleet and, consequently, to the availability of credit and disposable income for the purchase of new vehicles, as well as the country&#8217;s economic activity. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">According to ANFAVEA, approximately </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2.5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million new light vehicles were registered in Brazil in 2024, an increase of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">14</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% compared to 2023, driven by the greater credit granting for vehicle acquisition. Last year, flex-fuel vehicles, whose engines are adapted to run on gasoline, ethanol, or any combination of the two, accounted for </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">79</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% of the country&#8217;s light vehicle registrations, followed by diesel-powered light commercial vehicles (</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">10</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%), electric or hybrid vehicles (</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">7</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%) and gasoline-only passenger cars (</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%).</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">According to ANP data, the fuel distribution market (which comprises gasoline, ethanol, and diesel) grew by 4% in 2024 compared to 2023, with an increase of 6% in gasoline and ethanol, following the increase in the light vehicle fleet, and 3% in diesel, in line with Brazilian GDP growth.</span></p>
<p style="margin: 10pt 0pt 10pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Due to its economic role, the fuel demand presents a relatively low sensitivity to prices. As a reference, in the last five years, the standard deviation of diesel volume was approximately 6% of the average volume in the period, whereas the same calculation for diesel prices indicates a volatility of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">33%</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. As shown in the graphs below, despite the increase in fuel prices in Brazil in recent years, the trend in volumes has also been one of growth.</span></p>
<p style="margin: 0px; text-indent: 0px; line-height: 1.2;"><img src="img8566f3e987b74a389400.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"/><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">Sources: ANP and Bloomberg</span></p>
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<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">The role of the Brazilian government.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> The Brazilian government regulated the pricing of oil and oil-derivative products, ethanol, natural gas and electric energy until 1990. From this time onwards, the Brazilian oil and gas sector has been significantly deregulated. Until the adoption of the Petroleum Law in 1997, the Brazilian government maintained strict control over the prices that could be charged by (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">refineries to distributors, (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">distributors to service stations and other channels and (iii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">service stations to end-users. The Petroleum Law allowed the import of gasoline, ended the policy of price table, established the white flag stations, and released the entry of new distributors and importers. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of the date of this annual report</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, there is no legislation or regulation in force giving the Brazilian government power to set oil-derivative and ethanol fuel prices. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">With the discovery of the pre-salt reservoirs, the Brazilian government adopted a series of measures in the regulatory environment, establishing a new legal framework for the oil industry, which may result in a series of regulations, such as production-sharing and concession contracts, among others. This discovery has been bringing a new scenario for the sector, which may, in turn, attract major investments and improvements in infrastructure with the addition of new refineries, highways, pipelines, platforms, ports and ships, among others.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Taxation. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The taxes applicable to the fuels sold by Ipiranga, which are mainly diesel, gasoline, and hydrated ethanol, are: (i) PIS/COFINS and CIDE, under the responsibility of the federal government, and (ii) ICMS, under the responsibility of the Brazilian states. State taxes were also cut down by Law No. 194/22, which reduced the ICMS tax rate. Moreover, constitutional amendment 123/22 states that biofuel taxes should be lower than fossil fuel taxes, in order to enhance the competitiveness of the former. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In addition, Law No. 192/22 determined that states should standardize ICMS tax rates on diesel and gasoline throughout the country and that the producer or importer should be the sole taxpayer of this tax. After states litigated both Laws No. 192/22 and No. 194/22, it was agreed that the ICMS taxation regime should start on May 1, 2023, for diesel and June 1, 2023, for gasoline.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Thus, a summary of the taxes applied to each of the main fuels sold by Ipiranga is presented below:</span></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Gasoline:</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> taxation of the PIS/COFINS and CIDE taxes applies to the producer or importer in full. For ICMS, a single-phase taxation method is applied, at a fixed and uniform amount nationwide. This single-phase taxation was implemented as of June 1, 2023, due to Supplementary Law No. 192/22. As of the date of this annual report, the tax rate for PIS/COFINS, CIDE and ICMS were R$793/m&#179;, R$100/m&#179; and R$1,372/m&#179;, respectively; </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Diesel:</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> taxation of PIS/COFINS applies to the producer or importer in full (CIDE tax rate is currently zero). For ICMS, a single-phase taxation method is applied, at a fixed and uniform amount nationwide. This single-phase taxation was implemented as of May 1, 2023, due to Supplementary Law No. 192/22. As of the date of this annual report, the tax rate for PIS/COFINS and ICMS were R$352/m&#179; and R$1,064/m&#179;, respectively; and</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Hydrated ethanol:</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> taxation of PIS/COFINS occurs in two stages: a portion is paid by the producer or importer, and another portion is paid by the distributor. For ICMS, the tax substitution method is applied, in which ICMS is paid by the distributor and is generally based on the PMPF (weighted average final price), published biweekly by CONFAZ. As of the date of this annual report, the tax rate for PIS/COFINS and ICMS were R$242/m&#179; and a range between 12% and 22% of the PMPF (each state defines its own tax rate), respectively.</span></li> </ul>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">At the end of 2023, the Tax Reform was approved by the Brazilian Congress and promulgated in the same year. As to consumption taxes, all federal taxes (PIS/COFINS and IPI) will be consolidated into a single tax called CBS (Contribution on Goods and Services), while state and municipal taxes (ICMS and ISS) will be unified to form the IBS (Tax on Goods and Services). It is expected that the new taxes (IBS and CBS) will be concentrated on the refineries, ethanol/biofuel plants and importers. This would </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">be a major improvement, considering that most of the segment tax evasion occurs in the ethanol chain, which is not single-phase charged in the current legislation. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">The role of Petrobras.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Since its establishment in 1953, Petrobras maintained a legal monopoly in the exploration, production, refining, importing and transporting of crude oil and oil products in Brazil and its continental waters. This monopoly was confirmed in</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Brazil&#8217;s federal constitution enacted in 1988. As a result, Petrobras has historically been the sole supplier of oil and oil-derivatives in</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Brazil.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In November 1995, Petrobras&#8217; monopoly was removed from the federal constitution by a constitutional amendment approved by the Brazilian Congress. According to this amendment, other state and private companies are permitted to compete against Petrobras. This amendment was also reflected in Law No.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">9,478/97, which limited Petrobras&#8217; monopoly to a maximum period of three years. Law No.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">9,478/97 prescribed that the termination of Petrobras&#8217; monopoly would be accompanied by the deregulation of oil, gas, and oil-derivative product prices, and created a new regulatory agency, ANP, to oversee all oil-related activities. However, Petrobras is still the largest domestic oil-derivative supplier of oil and oil-related products, including LPG, and oil-derivative fuels in Brazil, even though there are no legal restrictions on the operations of other suppliers or to imports.</span></p>
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<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Prices of fuels.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> In 2022, oil prices showed high volatility, mainly due to uncertainties regarding the supply of derivatives as a result of the conflict between Russia and Ukraine. During this period, Petrobras maintained its price adjustment policy linked to the international diesel and gasoline market and the Brazilian government implemented policies to lower the cost of fuels such as the exemptions of federal taxes and the reduction of state taxes for diesel and gasoline. </span><span style="font-family: 'Times New Roman'; font-size: 12pt; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In May 2023,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Petrobras announced a new commercial strategy for setting diesel and gasoline prices, thus replacing its pricing policy in which the import parity prices were the sole reference. The new pricing model considers the international market dynamics and also national pricing references such as the customer alternative cost and the marginal value for Petrobras.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">T</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">he conflict between Israel and Hamas</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">significantly impacted the fuel prices in 2023. In October 2023, Hamas attacked Israel, with Israel then declaring war on Hamas in the Gaza Strip. The conflict occurs near the Middle East, a region particularly sensitive to the global trade of oil and derivatives, due to the presence of major oil producers, such as Saudi Arabia and Iran, despite not involving them directly. Another development of the conflict was the attacks in the Red Sea by the Houthi group.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Since mid-December 2023, Iran-backed Houthi rebels in Yemen have carried out numerous attacks on vessels in the Red Sea area, traveling through the Suez Canal, one of the major maritime routes in the world, ostensibly in response to the Israel-Hamas war. Afraid of attacks, many shipping companies have suspended transit through the Red Sea, which has affected trading patterns, rates and expenses.</span></p>
<p style="margin: 10pt 0pt 10pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2024, energy </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">p</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">rices continued to be unstable with ongoing geopolitical conflicts, inflation in the main global economies and concerns about the demand for oil and oil products.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Disputes between Ukraine and Russia continued to threaten global supply disruptions. Continuous drone attacks on the Russian refining </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">infrastructure</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> impacted irregular supplies and increased price premiums, especially for diesel. </span></p>
<p style="margin: 10pt 0pt 10pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In the Middle East, developments related to the conflict in Gaza resulted in heightened tensions and intermittent clashes between </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Israel and</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Hamas</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and its neighboring states. Although these hostilities did not materially disrupt the supply of oil and oil products, they contributed to a persistent risk premium in oil pricing throughout most of 2024. Following elevated energy prices in 2022 and 2023, the global economy experienced inflationary pressures that, in turn, subdued demand. Consequently, central banks in major economies were compelled to sustain higher interest rates, thereby further cooling global demand. During 2024, oil market conditions became less constrained, limiting OPEC's capacity to increase production. Moreover, the significant volatility induced by the U.S. elections toward the end of the year affected oil prices. Despite the instability associated with these events, global energy prices continued a downward trend compared to those recorded in 2022 and 2023.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2024, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Petrobras remained </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">largely insulated </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">from international </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">price volatility, maintaining stable domestic pricing throughout the year. The only</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> adjustment </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">occurred in July with an increase</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of R$0.20 </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">for gasoline, while diesel</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> prices </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">remained</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">unchanged</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> during the entire period. The </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">most recent pricing action</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> was </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">implemented </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in December 2023</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> when the company </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">reduced </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">diesel prices by R$0.30 per liter </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in anticipation </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of a</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> forthcoming</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> increase in federal taxes. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The following graphs show the price volatility of fuels acquired by the distributors from Petrobras&#8217; refineries compared to the import parity price of the last three years.</span> </p>
<p style="margin: 0px; line-height: 1.2; text-indent: 0px;"><img src="img3c1c22cd913c4015aa6b.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"/></p>
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<p style="text-align: justify; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">Source: Petrobras, Nymex, Bacen and Argus. Import parity prices are referenced in prices of the port of Paranagu&#225;, from all origins &#8211; except Russia.</span></p>
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<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ethanol prices are freely charged by ethanol producers.</span> </p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">The role of ANP.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> ANP is responsible for the control, supervision and implementation of the Brazilian government&#8217;s policies with respect to activities related to oil, natural gas and biofuels. ANP regulates all aspects of the industry, from the exploration and/or production, transportation to the sale of these products, including product quality standards, to the minimum storage capacities required to be maintained by distributors with respect to oil and oil products in Brazil. The ANP Resolution 950/2023, as amended, establishes that a fuel distributor, in order to operate in Brazil, must obtain an operating authorization and meet certain minimum requirements of operation, including:</span></p>
<p style="margin: 10pt 0pt 0pt 47.5pt; break-after: avoid; text-align: justify; text-indent: -18pt; line-height: 1.2;"><span style="font-family: symbol; font-size: 12pt; line-height: inherit;">&#8226;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit; margin-left: 19px;">Minimum paid-in capital of R$4,500,000.00; and</span></p>
<p style="margin: 6pt 0pt 0pt 47.5pt; break-after: avoid; text-align: justify; text-indent: -18pt; line-height: 1.2;"><span style="font-family: symbol; font-size: 12pt; line-height: inherit;">&#8226;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit; margin-left: 19px;">Proof of financial capacity equivalent to expected volumes to be sold (proof of such capacity may include proof of ownership of assets, insurance, or a bank guarantee).</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; line-height: 1.2; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In addition, f</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">uel distributors are required to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">provide</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ANP monthly reports showing their previous month sales</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and f</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">uel distribution for service stations may only be carried out by a registered distributor. TRRs are allowed to trade only diesel,</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">lubricants, and grease to small-end consumers. The construction of storage facilities and approval for new retail sellers to operate is subject to the prior approval of ANP. Service stations and storage facilities may only begin operations after ANP inspections.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">The roles of ABD, Sindicom, and ICL</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> ABD is the association that represents the interests of major Brazilian players of the downstream oil and gas supply chain in discussions before federal and state governmental bodies and presents its members perspectives on relevant laws, regulations, and bills. The association was formed in 2020 as part of IBP and its primary purpose is to promote uniform standards for industry regulation and to provide a forum in which members can discuss matters affecting the industry and downstream sector. Prior to ABD, Sindicom, founded in 1941, was the main association responsible for representing the interests of fuel and lubricant distributors in Brazil. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Historically, most of its initiatives were concentrated in ABD. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of the date of this annual report</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, Sindicom is focused on pursuing judicial actions related to this sector and addressing irregular market practices. In addition, the I</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">CL</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> is committed to fostering an ethical and equitable environment within the fuel industry by actively combating fraud and promoting healthy competition, ultimately benefiting the consumer.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Environmental, health and safety standards.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Fuel distributors are subject to Brazilian federal, state, and local laws and regulations relating to environmental protection, safety and occupational health and safety licensing by the fire department and transportation. CONAMA is the main responsible body for ruling and accepting matters with respect to the environment. Environmental state agencies and municipal departments are also responsible for establishing and supervising complementary laws and regulations within its areas of operation. Fuels may be transported only under special conditions. In Brazil, transportation of dangerous products is regulated, and the regulations cover all types of transport.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Fuel distributors must obtain authorizations and/or licenses from federal, state and/or municipal environmental agencies and fire departments to implement and operate their facilities. They are required to develop programs to control air and water pollution and hazardous waste. Emergency plans for its plants and headquarters, involving communities, public companies and other private companies must also be implemented. Additionally, fuel distributors must also comply with laws from the Ministry of Economy, which prescribes occupational health and safety standards. To maintain a safe and healthy workplace, companies must carry out comprehensive occupational health and safety programs.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Decarbonization credits</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. The RenovaBio Program was designed to support Brazil&#8217;s COP21 goals and was launched in 2016 by the Ministry of Mines and Energy, instituted as the &#8220;National Biofuels Policy&#8221; through Law 13,576/2017. RenovaBio&#8217;s goal is to reduce carbon emissions and encourage the consumption and production of biofuels in Brazil, contributing to a higher share of renewable fuels in Brazil&#8217;s energy matrix. This program foresees that biofuel producers will generate CBios in an amount related to the volume produced, and distributors receives decarbonization targets according to the volume of oil products sold in the previous year, to their share of CO</span><span style="font-family: 'Times New Roman'; font-size: 6.67pt; vertical-align: sub; line-height: inherit;">2</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> emissions in gasoline and diesel, and then they are required to acquire CBios to achieve those targets. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The CBios acquired are recorded at acquisition cost and are settled in the year to fulfill the individual target set by ANP. In December 2019, the RenovaBio Program was fully implemented. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2022, CBios prices increased and reached more than R$200 per CBio in July 2022, raising concerns from the government about the liquidity of the program. In order to reduce the prices, the government changed the final compliance date related to 2022 fiscal year, from December 2022 to September 2023 and prices reduced in August 2022. Ipiranga&#8217;s target for 2024 was 7,0 million CBios, 18,1% of the total market obligation.</span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>62</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 202</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">an increasing number of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">distributors </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">failed to</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> acquire the requi</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">site</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> decarbonization credits</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, r</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">e</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">sulting</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">43% of </span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">distributors not meeting the annual target. This </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">non-compliance </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">con</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ferred a</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> competitive advantage </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">on </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">defaulters and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">introduced</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> greater legal uncertainty</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> into the market</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Concurrently, discussions regarding enhancements </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">to the RenovaBio Program intensified , with various proposals </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> put forward </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">by </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">industry</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">stakeholders.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">N</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">otably</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Bill 3</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">149/2020</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8212;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">transformed into Law 15.082/2024</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8212;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">proposed the inclusion of independent </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">raw material</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">producers for biofuel production in RenovaBio</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> introduced</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> stricter penalties for </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">entities </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">failing to meet annual CB</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ios</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> targets</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">These penalties include</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> classifying </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">no</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">n</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-compliance</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">as </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">an environmental crime </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">subject to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">fines, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">establishing</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> performance</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">targets for </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">new </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">distributors, revoking </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">operati</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ng</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> authorizations</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> for defaulters </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">exceeding</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> one year</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> of non-</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">compliance</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> prohibiting the sale of fuels to distributors </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">default of CBios or unable to demonstrate a corresponding </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">volume of biodiesel.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 17.85pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Competition.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> The retail market for gasoline, diesel and ethanol in Brazil is highly competitive, with similar products and relatively low margins. Ipiranga&#8217;s main competitors are: </span></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Vibra: a former subsidiary of Petrobras, which has been operating in the Brazilian fuel distribution sector since 1971. Vibra is the Brazilian market leader and operates throughout the entire country. In 2017, Vibra concluded its initial public offering, listing the shares on B3. Since 2021, Petrobras is no longer its shareholder; and</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ra&#237;zen: a joint-venture between Cosan and Shell. Cosan, through its subsidiaries, is the largest producer of sugar and ethanol in Brazil, having entered into the fuel distribution market in 2008, when it acquired Esso&#8217;s fuel distribution business in Brazil. Ra&#237;zen concluded its IPO in August 2021, listing its shares on B3.</span></li> </ul>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In addition, several small local and regional distributors entered into the Brazilian fuel distribution market in the late 1990s, after the market was deregulated, which further increased competition in such market. Moreover, in 2018, some important international players entered the Brazilian fuel distribution market: (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Glencore Oil Participa&#231;&#245;es Ltda., a Swiss company, through the acquisition of 78% of Alesat Combust&#237;veis S.A. (further expanded to 100%); and (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">PetroChina Company Limited, a Chinese company, through the acquisition of 30% of Tt Work Participa&#231;&#245;es S.A. As of the date of this annual report, there were 187 fuel distributors authorized by ANP to operate in Brazil. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The following table sets forth the market share of Ipiranga and its main competitors based on volume of gasoline, ethanol and diesel sold, according to ANP and IBP data: </span></p>
<table cellspacing="0" cellpadding="0" style="height: 70px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%;" width="100%">
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<td style="height: 10px; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-color: #000000 !important;" colspan="5" valign="bottom"><span style="color: #000000; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Year</span><span style="color: #000000; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="color: #000000; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">ended</span><span style="color: #000000; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="color: #000000; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">December</span><span style="color: #000000; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="color: #000000; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">31,</span></td> </tr>
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<p style="margin: 0px; break-after: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Distributor</span><span style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super; line-height: inherit;"> (1)</span></span></p> </td>
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<p style="font-size: 10pt; line-height: 1.2; text-align: center; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">2024</span></p> </td>
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<p style="font-size: 10pt; line-height: 1.2; text-align: center; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">2023</span></p> </td>
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<p style="font-size: 10pt; line-height: 1.2; text-align: center; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">2022</span></p> </td> </tr> </thead>
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<p style="margin: 0px; break-after: avoid; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Vibra</span></p> </td>
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<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">21.7</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span></p> </td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">23.8</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span></p> </td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">25.8%</span></p> </td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; padding: 0px; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ra&#237;zen</span></p> </td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">19.0</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span></p> </td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">20.5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span></p> </td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">21.8%</span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: top; padding: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ipiranga</span></p> </td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">17.3</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span></p> </td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">17.7</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span></p> </td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">18.4%</span></p> </td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; padding: 0px; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Others</span></p> </td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">42.0</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span></p> </td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">38.0</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span></p> </td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">33.9%</span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: bottom; padding: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">
<p style="margin: 0px; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Total</span></p> </td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">100.0</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">%</span></p> </td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">100.0</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">%</span></p> </td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">100.0%</span></p> </td> </tr> </tbody> </table>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td style="width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td>
<td style="width: 90%;"><br/></td> </tr>
<tr>
<td colspan="2"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -25px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(1) Volume sold of gasoline, ethanol and diesel.</span></td> </tr> </tbody> </table> </div>
<div style="margin: 0px; text-indent: 0px; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify; text-indent: 24.4pt; line-height: inherit;"><br/></span></div>
<div style="margin: 0px; text-indent: 0px; line-height: 1.2;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>63</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div>
<div style="margin: 10pt 0pt; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify; text-indent: 24.4pt; line-height: inherit;">The following graphs show sales volumes for the Brazilian market and </span>Ipiranga<span style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify; text-indent: 24.4pt; line-height: inherit;"> for the periods indicated:</span></div>
<div style="margin: 10pt 0pt; line-height: 1.2;">
<p style="margin: 0px; text-indent: 0px; line-height: 1.2; text-align: left;"><img src="imga0efe82ddcfc4cd4af04.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"/><span style="font-family: 'Times New Roman'; font-size: 12pt; line-height: inherit;">&#160;</span></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 27px; border-collapse: collapse;">
<tbody>
<tr style="height: 10px;">
<td style="height: 10px;" colspan="3"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 32.5333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 32.5333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">&#185; Includes only diesel, gasoline and ethanol</span></span><br/></td> </tr>
<tr style="height: 17px;">
<td style="width: 2.3%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td>
<td style="width: 15%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td>
<td style="width: 82.7%; height: 17px;"><br/></td> </tr> </tbody> </table>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">Sources: ANP and IBP for diesel, gasoline and ethanol data. Information provided by ANP and IBP are subject to retroactive adjustments and, therefore, can differ from the information contained herein.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Anticompetitive practices.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> During the 1990s, when the process of deregulation began in the fuel distribution sector in Brazil, a number of parties entered the market with a business model based on cost advantages derived from anticompetitive practices through fuel adulteration and tax evasion, including (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">diluting gasoline by mixing solvents or adding anhydrous ethanol in an amount greater than the permitted by applicable law (anhydrous ethanol has its taxation incorporated into gasoline &#8220;A&#8221; and is historically cheaper than gasoline), (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">non-payment of federal taxes on fuels and on gross revenues, as well as state taxes on consumption (value-added) and (iii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">selling anhydrous ethanol mixed with water as hydrated ethanol</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (iv) </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">noncompliance with the required biodiesel in diesel</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> blend</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><br/> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Such practices have enabled these players, all of them smaller distributors, to increase their market share by charging artificially lower prices also based on artificially lower costs. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Major distributors, including Ipiranga, have taken, individually and collectively, several actions targeted at reducing or eliminating the effects of these anticompetitive and illegal practices. Among the actions taken were: (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">significant interaction with the Brazilian legislative and judiciary, including holding seminars for judges and prosecutors concerning the problems facing the industry and directly participating in tax litigation involving distributors that are not in compliance with their tax payments, (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">participation in legal </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">proceedings regarding</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> a regulatory norm that </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">eliminated brand </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">loyalty to the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">distributor for</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> fuel sold at reseller stations; (iii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">contribution to the development of CODIF, a system that electronically controls the collection of value-added taxes on fuel sales, (iv)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">support in the implementation of electronic invoices at the federal level, concluded in 2008, (v)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">support for ANP regulation which established brand definition and the obligation of disclosing the origin of the fuels in order to inhibit certain distributors from using a fake brand (known as cloned stations); (vi) development of a new</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">biodiesel commercialization</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> model</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8212;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">replac</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ing</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Public Auctions</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8212;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">under</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> ANP Resolution No. 857/2021 and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in accordance with</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> CNPE Resolution No. 14/2020, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">whi</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ch require</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">s</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> that before each civil bimonthly period, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> liquid</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> fuel distri</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">b</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">utors</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> contract</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> a</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> biodiesel </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">volume </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">equal to or greater than 80% of diesel oil B </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">volume commercialized during</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the corresponding period of the previous year</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (adjusted</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> for</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the mandatory blending percentage and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">excluding</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> diesel oil B acquired from other distributors</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">; and (vii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the suggestion of several other measures, supported by ANP, including focusing the collection of PIS and COFINS on distilleries, as well the installation of flow meters, which were included in Law No.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">11,727/08. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Recent changes to legislation, such as the single-phase taxation for ICMS implemented by the</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Supplementary Law No. 192/22, and inspection in the fuel distribution sector have helped to progressively curb unfair competition, creating a more level playing field. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">T</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">his model </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">is set to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">be replicated and expanded to</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> encompass</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the new taxes </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">introduced </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">by the Consumption Tax Reform </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8212;namely, the Goods and Services Tax and the Contribution on Goods and Services&#8212;through Constitutional Amendment</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> No. 132/23 and Complementary Law No. 214/25. As a result of these efforts, the more regulated market has been leading to the weakening of the business model of lower prices based on artificially lower costs and unfair practices and increasing sales volume of the formal market</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Furthermore in</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> 2024 there </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">were notable</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> advancements in the new RenovaBio </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">legislation</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> including</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">reclassification</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">noncompliance </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">as </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">an </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">environmental crime</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">forthcoming implementation</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of single-phase taxation for hydrated ethanol </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">with</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> respect</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">PIS/COFINS</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, effective </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">May, 2025.</span></p>
<p style="margin: 0px; break-after: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><br/></p>
<div>
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<tbody>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>64</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Ipiranga</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ipiranga was established in 1937 and is one of the largest fuel distributors in Brazil, according to ANP, with 17,3% market share in 2024 in terms of diesel, gasoline, and ethanol sales volume. Ipiranga distributes diesel, gasoline, ethanol, NGV, fuel oil, kerosene, arla 32, lubricants, and greases nationwide through its network of 5.860 service stations and 90 storage terminals as of December 31, 2024.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Ipiranga&#8217;s fuel distribution </span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ipiranga operates in the retail segment of the fuel distribution market through a network of service stations operating under the Ipiranga brand throughout Brazil and, to a significantly lesser extent, through spot sales to un-branded (white flag) service stations. Ipiranga also operates in the business-to-business (B2B) segment, with customers such as state and municipal governments, industries, and cargo and passenger transportation fleet owners.</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2024, Ipiranga&#8217;s sales volume increased by 2%. Diesel sales decreased by </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%, while the volume of Otto cycle was </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% higher, with an increase of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">37</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% in ethanol and a decrease of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% in gasoline.</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The table below shows Ipiranga&#8217;s sales of fuels by-products:</span></p>
<table cellspacing="0" cellpadding="0" style="height: 103px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<thead>
<tr style="height: 17px;">
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; text-align: center; height: 17px; border-bottom-color: #000000 !important;" colspan="7"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">The year</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;ended December</span><span style="color: #000000; font-family: 'times new roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">31,</span></span></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 17px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;">
<p style="line-height: 2pt; margin: 0pt; page-break-after: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">2024</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;"><br/> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;"><br/> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">2023</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;"><br/> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;"><br/> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: center;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">2022</span></span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;"><br/> </td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; vertical-align: bottom; height: 16px;">
<p style="line-height: 2pt; margin: 0pt; page-break-after: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: left;"><br/></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;"><br/> </td>
<td style="height: 16px;"><br/></td>
<td style="height: 16px;"><br/></td>
<td style="height: 16px; text-align: center;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(in thousand m&#179;)</span></td>
<td style="height: 16px;"><br/></td>
<td style="height: 16px;"><br/></td>
<td style="height: 16px;"><br/></td>
<td style="height: 16px;"><br/></td> </tr> </thead>
<tbody>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 65%;">
<p style="margin: 0px; break-after: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Diesel</span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">12,023.1</span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">12,093.0</span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">12,214.6</span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; width: 1%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Gasoline</span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">7,376.0</span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">7,820.5</span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">7,645.0</span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ethanol</span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,625.7</span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,651.3</span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,558.9</span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Lubricants</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and greases</span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">297.9</span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">275.2</span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">259,3</span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Others<span style="font-size: 8pt; line-height: inherit;"><sup>(1)</sup></span></span></p> </td>
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<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">247.1</span> </p> </td>
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<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">265.0</span> </p> </td>
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<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">392.0</span> </p> </td>
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<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Total volume sold</span></p> </td>
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<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">23,569.7</span></p> </td>
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<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">23,105.1</span></p> </td>
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<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">23,069.8</span></p> </td>
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<td colspan="2"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -25px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span style="font-size: 8pt; line-height: inherit;"><sup>(1)</sup></span><span style="font-size: 8pt; line-height: inherit;">&#160; &#160; &#160; Includes NGV, fuel oil, kerosene and arla 32.</span></span></td> </tr> </tbody> </table>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Network of service stations</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Three types of arrangements between distributors and service station operators are generally used in the fuels industry: (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the distributor owns the land, equipment and buildings for a service station and leases to an operator, (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a third party owns the land, leases it to a distributor who constructs a service station facility or makes improvements to an existing facility and leases the station to an operator and (iii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the operator or a third party owns the land and constructs a service station facility or makes improvements to an existing facility, which is typically financed by the distributor (the most common practice in Brazil). </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Agreements between distributors and operators of service stations are generally exclusive for a given period. In exchange for being an exclusive reseller, the operator is granted the right to operate under the distributor&#8217;s brand name. The agreement might also include provisions related to the leasing of pumps and tanks, layout standards, training, quality control, technical and financial support, marketing and advertising support and franchises for complementary services, such as convenience stores (AmPm) and lubricant servicing franchises (Jet Oil).</span></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Responsible for 78% of Ipiranga&#8217;s total volume in 2024, the retail segment of the fuel distribution market had, as of December 31, 2024, a network of 5,860 service stations operating under the Ipiranga brand throughout Brazil, of which 641 were located on land owned by or leased to Ipiranga, while 5,219 were located on land owned by third parties. In 2024, 90% of these stations were in urban areas, whereas the remaining were on highways.</span></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Furthermore, network management and engagement have been one of the main fronts on which Ipiranga&#8217;s management has focused its attention and were one of the four pillars of Ipiranga&#8217;s turnaround plan in the last years. During 2022 and 2023, Ipiranga conducted a legacy management process of its service stations, with a complete review of the network to optimize operations and to allow Ipiranga to strengthen its relationship with resellers that are considered true business partners, engaging with them in a close and transparent manner.</span></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2024, Ipiranga strengthened its presence in the fuel distribution market through a strategic partnership with Chevron, one of the global leaders of the fuel distribution market, and brought back the Texaco brand to service stations in Brazil. As part of this initiative, the first Texaco service station was opened in Santa Catarina state </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">on</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> October, 31 and we believe it will help us expand our market share by attracting different kinds of resellers and consumers to our network. This partnership reflects Ipiranga&#8217;s ongoing pursuit of diversification and new solutions for our consumers and dealers.</span></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">B2B (Business to business).</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Ipiranga operates in the B2B segment with more than 6,3 thousand clients, such as state and municipal governments, industries, cargo and passenger transportation fleet owners, TRRs and others. In 2024, Ipiranga&#8217;s ten largest clients in B2B segment accounted for 21% of its revenues in this segment. Distribution to B2B represented 22% of Ipiranga&#8217;s total volume in 2024.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ipiranga has implemented a differentiated strategy in the B2B segment, offering a variety of premium products and technological services to provide better customer experience and to promote customer retention. Ipiranga&#8217;s goal is to continue to develop new products and services to meet the needs of its B2B clients in the various segments in which it operates and become the first choice of corporate consumers. To achieve this, Ipiranga&#8217;s B2B team relies on a group of highly skilled and experienced professionals dedicated to multiple projects designed to provide new solutions to the B2B market.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Contracts. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The relationship between Ipiranga and its clients is generally governed by exclusive supply contracts with terms ranging from one to five years. The types of contracts change according to the distribution channel. For service stations, contracts usually have terms of three to five years. Our commercial strategy includes the concession of bonus agreements, which can be paid upfront (received on the signing of the contract) and/or post-paid (through the achievement of certain targets defined in contract). For the B2B segment, Ipiranga sells fuels under exclusive supply contracts, with terms ranging from one to three years on average, or in the spot market. Ipiranga has been working to increase the percentage of supply of fuels in the B2B segment under exclusive supply contracts by providing additional services and generating value to its clients</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Storage of fuels.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Ipiranga stores its fuels in large tanks at each of its facilities located throughout the regions in which it operates. For more information on how fuels are transported from refineries or port terminals to the storage facilities, see &#8220;Item 4.B. Information on the Company&#8212;Business overview&#8212;Industry and regulatory overview&#8212;C. Fuel distribution.&#8221; In 2024, Ipiranga&#8217;s storage capacity was 1,132 thousand m&#179;, including the guaranteed storage capacity as per storage contracts with other companies, such as Ultracargo. Based on its 2024 average sales, Ipiranga can store approximately 12 days of fuel supply.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2021, we had the start-up of the operations of the SPEs of Cabedelo (state of Para&#237;ba) and Bel&#233;m (state of Par&#225;), in addition to the beginning of the operations of the shared base of Miritituba (state of Par&#225;), which has 21 thousand m&#179; of static capacity and in which Ipiranga, Vibra and Ra&#237;zen hold equal stakes. In the second half of 2021, Ipiranga started the construction of a shared base in Fortaleza (state of Cear&#225;), which started operating in February 2023, and has a total static capacity of 21 thousand m&#179;, with Ipiranga holding 60% of it. In December 2021, Ipiranga also started contracting a static capacity of 25 thousand m&#179; at Ultracargo&#8217;s terminal in Vila do Conde (state of Par&#225;).</span></p>
<p style="font-size: 10pt; line-height: 1.2; text-align: justify; text-indent: 24.5pt; margin: 10pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In September 2023, Ipiranga sold the Rondon&#243;polis base to Ultracargo, located in the state of Mato Grosso, due to synergies with Ultracargo&#8217;s terminal in Paul&#237;nia (state of S&#227;o Paulo). In November 2023, Ipiranga also acquired 33% of an operational shared base in Marab&#225;, located in the state of Par&#225;. Ra&#237;zen and Vibra also hold equal stakes of this base. </span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10t 0pt 10pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2023, Ipiranga won the concession of the area MAC12 at the Macei&#243; port, located in the state of Alagoas. The area will be operated by Ipiranga for at least 25 years. At the end of 2024, the Macei&#243; pool became the Macei&#243; base, now fully owned by Ipiranga. Previously shared with Vibra and Ra&#237;zen, the facility has a storage capacity of 14 thousand m&#179; and strengthens Ipiranga&#8217;s operations in the region.</span></p>
<p style="font-size: 10pt; line-height: 1.2; text-align: justify; text-indent: 24.5pt; margin: 10pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">KMV</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> (formerly abastece a&#237;)</span></p>
<p style="font-size: 10pt; line-height: 1.2; text-align: justify; text-indent: 24.5pt; margin: 0pt 0pt 10pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Km de Vantagens was created in 2009 and pioneered customer loyalty programs within the fuel industry. The program allows customers and resellers to redeem rewards and benefits in several different industries, such as entertainment, tourism, magazines, airline tickets, car rental, among others, and has served as an important platform to strengthening the relationship between Ipiranga and its customers. </span></p>
<p style="font-size: 10pt; line-height: 1.2; text-align: justify; text-indent: 24.4pt; margin: 10pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Ipiranga developed and launched </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">les</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> a&#237; in 2016, a mobile payment service app, that seeks to maximize advantages from the integration of platforms to offer even greater convenience and benefits to customers. Through the abastece a&#237; app, customers could obtain discounts in exchange for Km de Vantagens points. In addition, they could receive rewards of their preference and finalize the fueling process by using a unique Km de Vantagens password in a safe payment method. </span></p>
<p style="font-size: 10pt; line-height: 1.2; text-align: justify; text-indent: 24.4pt; margin: 10pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">AmPm</span></p>
<p style="font-size: 10pt; line-height: 1.2; text-align: justify; text-indent: 24.5pt; margin: 10pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">AmPm is the seventh-largest franchise network in Brazil, according to the ABF 2024 ranking, with 1,450 stores and a 25% penetration in Ipiranga service stations as of December 31, 2024.</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10t 0pt 10pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Since 2013, AmPm Suprimentos has operated its own supply structure, with four distribution centers located in the states of Rio de Janeiro, S&#227;o Paulo, Rio Grande do Sul, and Paran&#225;. This initiative aims to streamline operations, enhance franchisee competitiveness, and ensure higher quality and a wider variety of products, adding value for customers and franchisees.</span></p>
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<p style="margin: 10pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 1.2; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2019,<span style="line-height: inherit;">&#160;</span>AmPm<span style="line-height: inherit;">&#160;</span>was segregated from<span style="line-height: inherit;">&#160;</span>Ipiranga, becoming an independent business unit with the objective of strengthening its network, increasing agility, and boosting profitability. In the same year, company-operated stores were introduced as a laboratory for franchise model development and a benchmark for operational excellence.</span></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 1.2; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2020,<span style="line-height: inherit;">&#160;</span>AmPm<span style="line-height: inherit;">&#160;</span>launched a new store concept, designed to provide a more intuitive shopping experience, integrated with a robust digital portfolio on Brazil&#8217;s major marketplaces and delivery<span style="line-height: inherit;">&#160;</span>apps. By the end of 2024, 632 stores were operating under this new format, including 626 franchises and 6 company-operated units.</span></p>
<p style="font-size: 10pt; line-height: 1.2; text-align: justify; text-indent: 24.5pt; margin: 10pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As part of its strategy to establish itself as a &#8220;house of brands,&#8221; AmPm expanded partnerships with Pizza Hut, Nathan&#8217;s Famous, Oakberry, and Mr. Cheney Cookies, driving greater engagement and profitability for franchisees. In 2024, the company advanced with its joint venture with Krispy Kreme, bringing the leading U.S. donut brand to Brazil. The project plans to launch its first store in 2025, and by the end of the year, the joint venture expects to have multiple store formats operating in S&#227;o Paulo, further solidifying the brand&#8217;s presence in the country.</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10t 0pt 10pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Also in 2024, AmPm initiated a process of transferring company-operated stores to franchisees, aiming to increase operational efficiency and strengthen the network&#8217;s overall quality. By the end of the period, the company operated 14 company-owned stores, including 7 AmPm Office units located in commercial buildings and hospitals.</span></p>
<p style="font-size: 10pt; line-height: 1.2; text-align: justify; text-indent: 24.5pt; margin: 10pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">AmPm&#8217;s revenue structure includes fixed franchise fees and a percentage of store revenues, typically ranging between 4% and 8%, in addition to merchandising revenues from supplier agreements.</span></p>
<p style="font-size: 10pt; line-height: 1.2; text-align: justify; text-indent: 24.5pt; margin: 0pt 0pt 10pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The table below shows the highlights of AmPm stores: </span></p>
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<td style="vertical-align: top; height: 10px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">2024</span></td>
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<td style="padding-left: 7.2pt; vertical-align: top; text-align: center; height: 10px;"><br/></td>
<td style="vertical-align: top; height: 10px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">2022</span></td>
<td style="vertical-align: top; text-align: center; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: top; height: 10px; background-color: #cceeff; width: 65%;">
<p style="margin: 0pt 0pt 0pt 12pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -12pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Number of stores</span></p> </td>
<td style="vertical-align: top; height: 10px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,450</span></p> </td>
<td style="vertical-align: top; background-color: #cceeff; height: 10px; width: 1%;"><br/></td>
<td style="vertical-align: top; background-color: #cceeff; height: 10px; width: 1%;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: top; height: 10px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,540</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: top; background-color: #cceeff; height: 10px; width: 1%;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: top; background-color: #cceeff; height: 10px; width: 1%;"><br/></td>
<td style="vertical-align: top; height: 10px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,598</span></p> </td>
<td style="vertical-align: top; background-color: #cceeff; height: 10px; width: 1%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px;">
<p style="margin: 0pt 0pt 0pt 12pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -12pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Penetration in service stations <span style="font-size: 8pt; line-height: inherit;"><sup>(1)</sup></span></span></p> </td>
<td style="vertical-align: top; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">25%</span></p> </td>
<td style="vertical-align: top; height: 10px;"><br/></td>
<td style="vertical-align: top; height: 10px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: top; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">26%</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: top; height: 10px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: top; height: 10px;"><br/></td>
<td style="vertical-align: top; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">24%</span></p> </td>
<td style="vertical-align: top; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 12pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -12pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Revenues (in millions of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Reais</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">) <span style="font-size: 8pt; line-height: inherit;"><sup>(2)</sup></span></span></p> </td>
<td style="vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,138.7</span></p> </td>
<td style="vertical-align: top; background-color: #cceeff; height: 10px;"><br/></td>
<td style="vertical-align: top; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2,039.5</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: top; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: top; background-color: #cceeff; height: 10px;"><br/></td>
<td style="vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,929.7</span></p> </td>
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<table style="width: 100%; margin-left: 0.1px; height: 45px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr style="height: 15px;">
<td style="width: 10%; height: 15px; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="top"><br/></td>
<td style="width: 90%; height: 15px; vertical-align: top;" valign="top"><br/></td> </tr>
<tr style="height: 15px;">
<td style="height: 15px; vertical-align: top;" colspan="2" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(1)&#160; &#160; &#160; &#160;Calculated based on the number of AmPm&#8217;s stores in relation to the number of Ipiranga&#8217;s gas stations</span></td> </tr>
<tr style="height: 15px;">
<td style="height: 15px; vertical-align: top;" colspan="2" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(2)&#160; &#160; &#160; &#160;Total revenue of&#160;</span>AmPm<span style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;includes sales from company-owned stores and franchises</span></span></td> </tr> </tbody> </table>
<p style="font-size: 10pt; line-height: 1.2; text-align: justify; text-indent: 24.5pt; margin: 10pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The company believes the convenience store sector within service stations has strong growth potential, driven by structural changes in society, such as:</span></p>
<ul style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 7.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Increased female participation in the workforce;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 6pt 0pt 0pt 7.6pt; padding-left: 8.4pt; text-indent: 0pt;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Growth of single-person households and compact apartments;</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 6pt 0pt 0pt 7.6pt; padding-left: 8.4pt; text-indent: 0pt;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Urbanization, leading to higher population density and greater logistical complexity.</span></li> </ul>
<p style="font-size: 10pt; line-height: 1.2; text-align: justify; text-indent: 24.5pt; margin: 10pt 0pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">AmPm remains focused on innovation, expansion, and strengthening its network, solidifying its position as one of Brazil&#8217;s leading convenience store brands.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Jet Oil </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The Jet Oil business unit,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> is</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Ipiranga&#8217;s lubricant-changing and automotive specialized service network. Jet Oil ended 2024 with 1,120 franchises. Jet Oil units offer an oil change service that features technology and safety, unifying quality products and expert services. These attributes translate Jet Oil&#8217;s slogan for consumers: &#8220;The full care that your car deserves.&#8221;</span></p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Iconic</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2016, Ipiranga entered into a joint-venture agreement with Chevron to create Iconic to operate in the lubricant sector, holding a 56% stake, while Chevron owns the remaining 44%. Iconic initiated operations at the end of 2017. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Iconic&#8217;s strategy is to benefit from the expertise of Ipiranga and Chevron</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in the lubricant sector, including through the use of the Ipiranga Lubrificantes and Texaco brands, and the combination of their complementary businesses, resulting in a sales network with high capillarity.</span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><br/></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>67</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Supply. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Iconic is a vertically integrated business. It sources its raw materials (mainly base oils) from local refineries and imports to produce lubricants. Base oils are specialty products produced by refineries and may be segregated in different groups (namely Group I, Group II, Group III, Group IV and Group V) according to saturate level, sulfur level and viscosity index, ranging from simple mineral base oils (Group I) to synthetic and more premium base oils (Group V). Transportation of base oils is made through pipelines connected to the refineries or by vessels and trucks if the product has been imported. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">At the end of 2023, Iconic entered into a contract with Chevron, becoming its official distributor of premium base oils in Brazil. This led Iconic to create Iconic Base Oil, a new business division with a management team segregated from the lubricant business that is exclusively dedicated to the marketing of base oils. Despite continuing to use base oils as the main input for the production of lubricants, Iconic now engages in the distribution of base oils to B2B customers. The supply of group II and group III base oils for distribution purposes will be exclusively provided by Chevron.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">By law, producers and importers of lubricant oil must collect, or ensure the collection, and provide final disposal of used or contaminated lubricant oil. Each player is responsible for its own volume of lubricant oil based on its market share. Iconic outsources this collection to a third-party company, which also re-refines the lubricants and resells them at a competitive price, thus reintroducing the oil to the production chain. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Production and distribution process.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Iconic has two production plants, one base </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">oil complex </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">depot and one distribution center, all located in Brazil. The largest plant is located in Duque de Caxias, in the state of Rio de Janeiro, and is the main center for manufacturing and bottling Iconic lubricants, with a production capacity of approximately 400 million liters per year. The other plant is located in Osasco, in the state of S&#227;o Paulo, and is dedicated to the manufacturing of greases and coolants, with a production capacity of about 37 million liters per year. The base oil depot, which is a large storage and handling terminal for base oils, is strategically located in S&#227;o Crist&#243;v&#227;o, in the state of Rio de Janeiro, and connected to the port of Rio de Janeiro by underground pipelines. Iconic has a total storage capacity of 47 thousand m&#179; spread through these three facilities, where trucks can be loaded anytime to transport products to resellers or B2B customers. </span></p>
<p style="margin: 10pt 0pt 10pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">One of the most significant projects for Iconic since the beginning of its operations in 2017 has been the consolidation of its production units in Rio de Janeiro. Investments over the last six years focused on increasing the production capacity of the Duque de Caxias plant, turning the production unit of S&#227;o Crist&#243;v&#227;o </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">into a complex of base oil depot and enhancing safety conditions for its employees. Among the most important initiatives are new offices and dressing rooms, modernized dining areas, a new bottling line, a new boiler park, a new tank basin, and the acquisition of new plots of land in its vicinity.</span></p>
<p style="margin: 10pt 0pt 10pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In addition to the structural changes in the base oil depot, Iconic has been working with port and local authorities to increase the ship draft in the port of Rio de Janeiro, allowing larger ships to dock. In the past, there were limitations in the port structure that restricted the entry of large vessels, resulting in high logistics costs for imported goods. The project has been concluded by the second half of 2024. Iconic is able to allow larger vessels to carry imported base oils that are not available in the Brazilian market, which improves its competitiveness. In addition, we</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> have</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> renewed the license to operate DOB (a liquid bulk terminal located in the Port of Rio de Janeiro &#8211; which is part of S&#227;o Crist&#243;v&#227;o Complex) for ten years</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, as of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">December 2024</span></p>
<p style="margin: 10pt 0pt 10pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Iconic also launched the new Iconic Technology Center (CTIC) in 2024. The project relocated the current research and development center from S&#227;o Crist&#243;v&#227;o to the Duque de Caxias plant. CTIC is expected to become one of the largest and most important private laboratories in Latin America, reinforcing Iconic&#8217;s position as a leader in the lubricants market with substantial technological knowledge.</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Demand. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Iconic produces approximately a thousand different products, including lubricants, greases, fluids and coolants. The company serves more than 135 thousand customers in Brazil, Argentina, Bolivia, Uruguay and Paraguay through 18 authorized resellers, or directly to large consumers in Brazil. Iconic&#8217;s customers operate in different segments, such as industrial, agricultural, transportation, and equipment manufacturers, among others. In 2024, 42</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% of the sales volume of Iconic came from its reseller network and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">58</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% came from direct sales to B2B customers. According to IBP, in 2024, 2023 and 2022, Iconic sold </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">297.9, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">275.2 and 259.3 thousand m&#179; of lubricants and greases to Brazilian customers, respectively, excluding base oils, fluids, coolants and export.</span> </p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>68</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin:0pt"><br/></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Insurance</span></p>
<p style="margin: 10pt 0pt 10pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We maintain insurance policies covering all the facilities of our wholly owned subsidiaries, which we consider appropriate to cover the risks to which we believe we are exposed, including, but not limited to, loss and damage from fire, lightning, explosion of any nature, windstorm, plane crash and electrical damage. The maximum compensation values based on the maximum possible loss that could result from a specific location as of December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, 2024 are shown below: </span></p>
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<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td>
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">Maximum</span><span style="color: #000000; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="color: #000000; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">compensation</span><span style="color: #000000; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="color: #000000; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">value <span style="font-size: 7pt; line-height: inherit;"><sup><span style="font-family: 'times new roman', times; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><span style="line-height: inherit;"><span style="line-height: inherit;">&#160;</span>(*)</span></b> </span></sup></span></span></td> </tr>
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<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 74%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ipiranga</span></p> </td>
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1%;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 25%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">R$2,073</span></p> </td> </tr>
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<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultracargo</span></p> </td>
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">R$1,320</span></p> </td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="vertical-align: top; height: 15px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultragaz</span></p> </td>
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 15px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">R$512</span></p> </td> </tr> </tbody> </table>
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<tbody>
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<td style="width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td>
<td style="width: 90%;"><br/></td> </tr>
<tr>
<td colspan="2"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24.4667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span style="font-size: 8pt; line-height: inherit;"><sup>(*)</sup></span>In millions. In accordance with our policies terms and conditions.</span></td> </tr> </tbody> </table>
<p style="margin: 10pt 0pt 10pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We maintain general liability insurance that covers all our wholly owned subsidiaries with a maximum coverage of US$250</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million for losses and damage incurred by third parties as a result of any accidents that may occur in connection with our commercial/industrial operations and/or the distribution and sale of our products and services.</span></p>
<p style="margin: 10pt 0pt 10pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We maintain Directors</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&amp; Officers Liability insurance policies to indemnify members of the Board of Directors, Fiscal Council and executives of Ultrapar and its subsidiaries in the total amount of US$80 million, which covers any insured liabilities resulting from any wrongful act, omission or claim against them, except if it is consequence of gross negligence or willful misconduct, in accordance with policies terms and conditions.</span></p>
<p style="margin: 10pt 0pt 10pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In addition, we also take out group life and personal accident, national and international transportation, and other insurance policies.</span></p>
<p style="margin: 9pt 0pt 8pt; text-align: justify; line-height: 1.2; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We believe that our insurance covers, in all material respects, the risks to which we are exposed and is in line with industry standards. However, the occurrence of losses or other liabilities that are not covered by insurance or that exceed the limits of our insurance coverage could result in significant unexpected additional costs</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Industry and overview of our</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">discontinued operations</span></p>
<ol style="margin: 0pt; padding-left: 0pt; list-style-type: upper-alpha;">
<li style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; margin: 12pt 0pt 0pt 14.72pt; padding-left: 3.28pt; page-break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160; &#160;Petrochemicals and chemicals</span></li> </ol>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar used to operate in the petrochemical industry through Oxiteno. On August 16, 2021, Ultrapar entered into a share purchase agreement for the sale of all shares of Oxiteno to Indorama. The sale was closed on April 1, 2022 and, as a result, Oxiteno is no longer part of Ultrapar&#8217;s business portfolio as of this date. For more information, see &#8220;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Item</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4.A. Information on the Company&#8212;History and development of the Company&#8212;A.2. Discontinued operations&#8212;Oxiteno.&#8221;</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The petrochemical industry transforms crude oil or natural gas into widely used consumer and industrial goods. The Brazilian petrochemical industry is generally divided in three sectors, depending on the stage of transformation of the petrochemical raw materials. The companies that operate in these different stages are known as first, second and third-generation companies. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Brazil&#8217;s first-generation companies, which are referred to as &#8220;crackers&#8221;, break down or &#8220;crack&#8221; naphtha (a by-product of the oil refining process), their principal feedstock, into basic petrochemicals, including olefins, primarily ethylene, propylene and butadiene, and aromatics, such as benzene, toluene, and xylenes. Second-generation companies process the basic petrochemicals produced by the crackers to obtain intermediate petrochemicals, such as (i) </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">polyethylene, ethylene oxide, polystyrene and polyvinyl chloride (PVC), each produced from ethylene; (ii) polypropylene, oxo-alcohols and acrylonitrile, each produced from propylene; (iii) caprolactam, produced from benzene; and (iv) purified terephthalic acid (PTA), produced from p-xylene.</span> <span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The intermediate petrochemicals are produced in solid form (as plastic pellets or powders) and in liquid form and are transported through roads, railroads or by ship to third-generation companies, which transform them into final products, including polyester, plastics, elastomers, acrylic fibers, and nylon. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Oxiteno</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of March 31, 2022, Oxiteno was a second-generation company, which processed basic petrochemicals produced by the crackers to obtain intermediate petrochemicals. While operated by Ultrapar, Oxiteno was the only producer of ethylene oxide, ethylene glycols, ethanolamines, glycol ethers and methyl-ethyl-ketone in Brazil, as well as the only producer of fatty alcohol in Latin America and the only ethylene oxide producer in South America. Its products were used in a broad range of industrial sectors, such as cosmetics, detergents, crop solutions, polyester, packaging, coatings, and oil industry. During the year ended December 31, 2021, and the three months period ended March 31, 2022, right before the conclusion of its sale, Oxiteno sold 779 thousand and 177</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">thousand tons of chemical and petrochemical products, respectively.</span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>69</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Products and markets</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> While operated by Ultrapar, Oxiteno&#8217;s products could be divided into two main groups for ease of understanding: (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">commodity chemicals, which are generally higher-volume products, with standard specifications, and (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">specialty chemicals, which tend to be lower-volume products sold based on chemical features and suitability to meet a particular end-use requirement. Oxiteno&#8217;s main commodity chemicals were ethylene oxide and ethylene glycol whereas its main specialty chemicals included a wide variety of products that were used as surfactants, softeners, dispersants, emulsifiers, and hydraulic fluids.</span></p> </div> </div><div id="D2pq9apu873c752quij9s9" style="font-family: 'times new roman', times; font-size: 8pt; margin: 0px; text-indent: 0px;">
<div style="margin: 0px; text-indent: 0px;">
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Specialty chemicals.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> The following table sets forth Oxiteno&#8217;s main specialty chemical products and their main uses and</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">markets while operated by us.</span></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 11pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 11pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td> </tr>
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<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 20%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Major markets &#160; </span></p> </td>
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; width: 2%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td>
<td colspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 38%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Specialty chemicals &#160; </span></p> </td>
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; width: 2%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td>
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 38%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Examples of uses and effects &#160; </span></p> </td> </tr>
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<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 1pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 1pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td colspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 1pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 1pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 1pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 1pt; line-height: inherit;"> &#160; </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Detergents&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td>
<td colspan="2" style="padding: 0px 5px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Alkylbenzene sulfonic acids, alkylsulfates, alkyl ether sulfates, ethoxylated alkylphenols, ethoxylated fatty alcohols, polyethyleneglycols, alkanolamides, betaines, sulphosuccinates, block copolymers EO/PO. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Used in detergents, the specialty chemicals are added mainly to improve cleaning power and foaming and to reduce skin irritability. </span></p> </td> </tr>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 1pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 1pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td colspan="2" style="padding: 0px 5px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 1pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 1pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 1pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 1pt; line-height: inherit;"> &#160; </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Cosmetics&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td>
<td colspan="2" style="padding: 0px 5px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Alkylsulfates, alkyl ether sulfates, betaines, ethoxylated fatty alcohols, polyethyleneglycols, alkanolamides, ethoxylated sorbitan esters, sorbitan fatty&#160;esters. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Used in cosmetics as moisturizers, detergents for foaming and residue removal, and reduction of eye irritation in&#160;shampoos. </span></p> </td> </tr>
<tr style="height: 12px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 1pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 1pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 12px;"><br/></td>
<td colspan="2" style="padding: 0px 5px; vertical-align: top; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 1pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 1pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 12px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 1pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 1pt; line-height: inherit;"> &#160; </span></p> </td> </tr>
<tr style="height: 11px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 11px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Crop&#160;protection&#160;chemicals </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 11px; background-color: #cceeff;"><br/></td>
<td colspan="2" style="padding: 0px 5px; vertical-align: top; height: 11px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Ethoxylated fatty amines, ethoxylated alkylphenols, alkyl ether sulfates, blends, naphthalene sulfonate, ethoxylated vegetable oil, copolymers EO/PO. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 11px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 11px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="text-align: justify;">Used as part of the composition of crop protection chemicals, such as herbicides. Increases their efficiency, by improving soil penetration and adherence of the products to plant surfaces.</p> </td> </tr>
<tr style="height: 12px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 1pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 1pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 12px;"><br/></td>
<td colspan="2" style="padding: 0px 5px; vertical-align: top; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 1pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 1pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 12px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 1pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 1pt; line-height: inherit;"> &#160; </span></p> </td> </tr>
<tr style="height: 11px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 11px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Foods&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 11px; background-color: #cceeff;"><br/></td>
<td colspan="2" style="padding: 0px 5px; vertical-align: top; height: 11px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Sorbitan fatty esters, ethoxylated sorbitan esters, emulsifiers, stabilizers, dispersants. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 11px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 11px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Mainly used as additives for breads and&#160;cakes, improving their texture and consistency, and as an emulsifier responsible for ice cream&#160;creaminess. </span></p> </td> </tr>
<tr style="height: 12px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 1pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 1pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 12px;"><br/></td>
<td colspan="2" style="padding: 0px 5px; vertical-align: top; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 1pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 1pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 12px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 1pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 1pt; line-height: inherit;"> &#160; </span></p> </td> </tr>
<tr style="height: 27px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 27px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Textiles&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 27px; background-color: #cceeff;"><br/></td>
<td colspan="2" style="padding: 0px 5px; vertical-align: top; height: 27px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Ethoxylated alkylphenols, ethoxylated fatty alcohols, ethoxylated vegetable oils, ethoxylated fatty amines, antistatic agents, lubricants, softeners, emulsifiers, antifoamers, mercerizing additives, humectants, low foam&#160;detergents. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 27px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 27px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Used in the processing of textiles, improving spinning and weaving performance. Permits greater evenness in the mixing of fibers, dyeing, bleaching and improving the softness of the final&#160;cloth. </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 1pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 1pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td colspan="2" style="padding: 0px 5px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 1pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 1pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 1pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 1pt; line-height: inherit;"> &#160; </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Hydraulic fluids&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td>
<td colspan="2" style="padding: 0px 5px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Ethylene glycol ethers, ethylene glycols, corrosion inhibitors. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Used directly as hydraulic fluids in vehicles. Brake fluids guarantee brake system performance and safe braking. Cooling liquids help to cool the motor and maintain the correct operating temperature. </span></p> </td> </tr>
<tr style="height: 12px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 1pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 1pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 12px;"><br/></td>
<td colspan="2" style="padding: 0px 5px; vertical-align: top; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 1pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 1pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 12px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 1pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 1pt; line-height: inherit;"> &#160; </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Oil field chemicals&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td>
<td colspan="2" style="padding: 0px 5px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Additives, emulsion breaker, mutual solvent, surfactant, antifouling, glycols, ethanolamines and dispersants. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Chemical inputs applied in all stages of the production of oil and gas, such as drilling, cementing, completion, stimulation, production and refining, each one with specific characteristics. </span></p> </td> </tr>
<tr style="height: 12px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 1pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 1pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 12px;"><br/></td>
<td colspan="2" style="padding: 0px 5px; vertical-align: top; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 1pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 1pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 12px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 1pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 1pt; line-height: inherit;"> &#160; </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Coatings&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td>
<td colspan="2" style="padding: 0px 5px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Acetates, alcohols, glycols ethers, glycols, ketones, alkyl ether sulfates, ethoxylated alkylphenols, ethoxylated fatty alcohols,&#160;block copolymers EO/PO. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Solvents and surfactants are used in the preparation of paints and coatings, adhesives and inks. Solvents serve multiple functions in&#160;solvent borne paints and coatings: solubilization of the resin or polymer forming the continuous coating phase, pigment wetting and viscosity reduction to facilitate the application of the coating. Surfactants are used in emulsion polymerization and also as additive: thickeners, antifoaming agents, additives used to control rheological properties and others. </span></p> </td> </tr> </tbody> </table> </div> <br/>
<div style="line-height: 1.2;">
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>70</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 1pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Commodity products. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The following were Oxiteno&#8217;s main commodity products, and their principal uses and markets:</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Ethylene oxide</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Ethylene oxide is a colorless and highly flammable gas at room temperature and atmospheric pressure. Ethylene oxide is produced in a continuous production process by gaseous phase catalytic partial oxidation of ethylene by oxygen at high temperature and pressure.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Ethylene glycols</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. The main ethylene glycol produced by Oxiteno was mono-ethylene glycol, known as MEG. Oxiteno also produced di- and tri-ethylene glycol. Mono-ethylene glycol is a clear, non-flammable, non-volatile liquid at room temperature and atmospheric pressure. Ethylene glycols are produced in a continuous process from an ethylene oxide solution and principally sold to chemical companies for the manufacture of polyester fibers and polyethylene terephthalate, known as PET, with the remainder sold for use in the production of antifreeze, brake fluids, solvent, and other chemicals.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The Brazilian petrochemicals industry seeks to prioritize demand from the domestic market, where there is greater value added, although sales are also made to the international market. While operated by Ultrapar, Oxiteno sold the larger part of its commodities and specialty chemicals in Brazil, with production capacity exceeding domestic market demand and Oxiteno exporting surplus production to more than <span>50</span> countries in Asia, America, Europe, Africa, and Oceania. Oxiteno maintained its production capacity above local demand for strategic reasons. For the <span>three</span> months period ended March 31, 2022, right before the conclusion of Oxiteno&#8217;s sale and the year ended December 31, 2021, <span>36</span>% and <span>34</span>% of its net revenues from sales and services, respectively, were from sales outside Brazil. For the <span>three</span> months period ended March 31, 2022, and the year ended December 31, 2021, <span>31</span>% and <span>29</span>%, respectively, of Oxiteno&#8217;s sales volume were from sales outside Brazil. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The following table shows Oxiteno&#8217;s sales volume by market group for the period indicated:</span></p>
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<p style="font-size: 8pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">2022<sup>(1)</sup></span></span></p> </th>
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<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; width: 10%; text-align: center; height: 10px;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(in thousand tons)</span></td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Commodity chemicals&#160; &#160; &#160; &#160; &#160;&#160; </span></p> </td>
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<td style="vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Specialty chemicals&#160; &#160; &#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>102.3</span> </span></p> </td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>122.4</span> </span></p> </td>
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<td style="width: 10%;">______________________</td>
<td style="width: 90%;"/> </tr> </tbody> </table> </div>
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<td style="width: 3%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; height: 16px;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">(<span>1</span>)</span><span style="color: #000000; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; line-height: inherit; font-family: 'Times New Roman';">&#160;</span></span></td>
<td style="width: 97%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; height: 16px; border-collapse: collapse;" valign="top"><span style="font-family: 'Times New Roman'; font-size: 8pt; text-align: justify; line-height: inherit;">For the period between January 1, 2022, and March 31, 2022.</span></td> </tr> </tbody> </table> </div>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><span style="font-style: normal; font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&#160; &#160; &#160;&#160;</span></p>
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<th style="padding-left: 7.2pt; height: 10px; background-color: #ffffff; margin-left: 0.1px; vertical-align: bottom;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 8pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"><span>2022</span><sup>(1)</sup></span></p> </th>
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<th style="padding-left: 7.2pt; vertical-align: bottom; height: 17px;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 17px;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(in thousand tons)</span></th>
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<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 88%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Commodity chemicals&#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>0.2</span> </span></p> </td>
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<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Specialty chemicals </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>54.1</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
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<td style="vertical-align: bottom; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total sales volume outside Brazil </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>54.3</span> </span></p> </td>
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<td style="width: 10%;">___________________</td>
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<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 3%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -47px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(<span>1</span>)</span></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 97%; vertical-align: top;" valign="top"><span style="font-family: 'Times New Roman'; font-size: 8pt; text-indent: -47px; line-height: inherit;">For the period between January 1, 2022, and March 31, 2022</span></td> </tr> </tbody> </table> </div> </div>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>71</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">B. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Retail pharmacy</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar used to operate in the retail pharmacy sector through Extrafarma. On May 18, 2021, Ultrapar entered into a share purchase agreement for the sale of all shares of Extrafarma to Pague Menos. The sale was closed on August 1, 2022 and, as a result, Extrafarma is no longer part of Ultrapar&#8217;s business portfolio as of this date. For more information, see &#8220;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Item</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4</span>.A. Information on the Company&#8212;History and development of the Company&#8212;A.<span>2</span>. Discontinued operations&#8212;Extrafarma.&#8221;</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The retail pharmacy business is a highly regulated industry. In Brazil, the regulation of the sector is executed by the federal government, states and municipalities. The federal government enacts laws and regulations of general applicability, which are enforced and complemented by actions of the states and municipalities. At the federal level, the health and pharmaceutical sectors are regulated and supervised by the Ministry of Health, through ANVISA.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The retail pharmacy business in Brazil is responsible for the purchase, distribution, and resale of medicines to end consumers through drugstores. It is also a common practice in this industry to sell beauty and personal care products as well as certain convenience products at drugstores. Its main suppliers are pharmaceutical companies and manufacturers of beauty and personal care products.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The main types of pharmaceutical products sold in Brazil are listed below:</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Branded medicine</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Innovative products, registered at the federal agency responsible for sanitary surveillance and marketed in the country. Their efficacy, safety and quality have been scientifically proven by the federal competent body upon registration.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Generic medicine</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Products that contain the same active ingredient as the reference drug in the country. These products also are administered by the same route, with the same therapeutic indication, and show the same safety as the reference drug in the country.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Similar medicine</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Products that contain the same active ingredient, with the same concentration, pharmaceutical form, method of administration, dosage, and therapeutic instructions, and is equivalent to a medicine registered with the Federal Agency responsible for sanitary surveillance. These products differ only in regard of the characteristics of size and form of the product, period of validity, packaging, labelling, excipients and vehicle.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">OTC medicines</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Over the Counter (&#8220;OTC&#8221;) medicines are products that do not need a prescription to be sold.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Extrafarma</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of July 31, 2022, Extrafarma operated <span>399</span> drugstores in <span>ten</span> states of Brazil (<span>121</span> in Par&#225;, <span>11</span> in Amap&#225;, <span>3</span> in Tocantins, <span>91</span> in Cear&#225;, <span>57</span> in Maranh&#227;o, <span>34</span> in Pernambuco, <span>20</span> in Bahia, <span>16</span> in Rio Grande do Norte, <span>4</span> in Para&#237;ba and <span>42</span> in S&#227;o Paulo). Extrafarma operated <span>four</span> distribution centers which were responsible for supplying all stores, located in <span>four</span> different cities: Benevides, in the state of Par&#225;; Aquiraz, in the state of Cear&#225;; Guarulhos, in the state of S&#227;o Paulo; and S&#227;o Lu&#237;s, in the state of Maranh&#227;o. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of July 31, 2022, Extrafarma operated both in the retail and wholesale of pharmaceutical products. For the <span>seven</span> months period ended July 31, 2022, right before the conclusion of its sale, Extrafarma&#8217;s gross revenues from sales and services reached R$<span>1.3</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">billion, of which retail products represented <span>95</span>% and wholesale products represented <span>5</span>%.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Within the retail business, Extrafarma&#8217;s product mix consisted of all the main types of pharmaceutical products (branded medicine, generic medicine, similar medicine, and OTC), in addition to personal care products and convenience products. For the <span>seven</span> months period ended July 31, 2022, out of Extrafarma&#8217;s revenues in the retail business, branded medicines represented <span>35</span>%, generic/similar medicines represented <span>16</span>%, OTC <span>14</span>%, personal care products represented <span>16</span>% and convenience products represented <span>17</span>%.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On the wholesale side, Extrafarma operated as a distributor of both pharmaceutical and personal care products. It purchased the products from manufacturers and sold them to other drugstore chains and independent retailers, which were serviced through Extrafarma&#8217;s own and leased truck fleet.</span></p>
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<p style="margin: 10pt 0pt 10pt 17.85pt; text-align: justify; text-indent: -17.85pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">C.&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Organizational structure</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The following chart shows our organizational structure for our main subsidiaries as of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>202</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">:</span></p>
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<p style="margin: 10pt 0pt 0pt 18.35pt; text-align: justify; text-indent: -18.35pt;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">Percentages represent approximate ownership of voting share capital and total capital (voting capital/total capital).</span></p>
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<td style="height: 10px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top; width: 4%;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: -24.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">(1)</span></td>
<td style="height: 10px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; text-align: justify; vertical-align: top; width: 96%;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">A company established on February 28, 2023, with the purpose of holding interests in other companies.</span></td> </tr>
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<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">(<span style="line-height: inherit;">2</span>)</span></td>
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; text-align: justify; vertical-align: top;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">On May 21, 2023, the Company, through its subsidiary&#160;</span>Ultrapar<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span>Empreendimentos<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span>Ltda<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">., signed an agreement for the acquisition of a&#160;</span></span><span style="line-height: inherit;">60</span><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">% interest in Serra Diesel&#160;</span>Transportador<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span>Revendedor<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span>Retalhista<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span>Ltda<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">. The closing of the transaction occurred on September 1, 2023.</span></span></td> </tr>
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<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: -24.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">(3)</span></td>
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; text-align: justify; vertical-align: top;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">On April 27, 2023, TEAS was merged with and into&#160;</span>Ultracargo<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span>Log&#237;stica<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">, with the latter as the surviving entity.</span></span></td> </tr>
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<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="font-size: 8pt; line-height: inherit;">(4)</span></td>
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; text-align: justify; vertical-align: top;" valign="top"><span style="font-size: 8pt; line-height: inherit;">On May 24, 2023, the name of the subsidiary Ultracargo Vila do Conde Log&#237;stica Portu&#225;ria S.A, was changed&#160;to&#160;Ultracargo&#160;Solu&#231;&#245;es&#160;Log&#237;sticas&#160;S.A.</span><br/></td> </tr>
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<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: -24.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">(5)</span></td>
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; text-align: justify; vertical-align: top;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">On April 19, 2023, the Company through its subsidiary&#160;</span>Ultracargo<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span>Log&#237;stica<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">, signed an agreement for the acquisition of a&#160;</span></span><span style="line-height: inherit;">50</span><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">% interest in&#160;</span>Opla<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">, held by&#160;</span>Copersucar<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">. The closing of the transaction occurred on July 1, 2023.</span></span></td> </tr>
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<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">(<span style="line-height: inherit;">6</span>)</span></td>
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; text-align: justify; vertical-align: top;" valign="top"><span style="color: #000000; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">Uni&#227;o&#160;Vopak&#160;&#8211; a company jointly owned by&#160;Ultracargo&#160;Log&#237;stica&#160;and&#160;Vopak. In&#160;<span style="line-height: inherit;">2023</span>, the Company suspended its operational activities.</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: -24.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">(7)</span></td>
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; text-align: justify; vertical-align: top;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">On April 13, 2023, the company was acquired by&#160;</span>Ea&#237;<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span>Clube<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span>Automobilista<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;S.A. The acquisition was made at book value. On July 3, 2023, the company became directly controlled by&#160;</span>Abastece<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;A&#237;&#160;</span>Participa&#231;&#245;es<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;S.A.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="font-size: 8pt; line-height: inherit;">(8)</span></td>
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; text-align: justify; vertical-align: top;" valign="top"><span style="color: #000000; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">A company established on June 1, 2023, with the purpose of holding interests in other companies.</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="font-size: 8pt; line-height: inherit;">(9)</span></td>
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; text-align: justify; vertical-align: top;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Iconic &#8211; an association between&#160;</span>Ipiranga<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">, holding 56%, and Chevron, holding 44%.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="font-size: 8pt; line-height: inherit;">(10)</span></td>
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; text-align: justify; vertical-align: top;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Other shareholders of&#160;</span>Nordeste<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span>Log&#237;stica<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;I, II and II are&#160;</span>Ra&#237;zen<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;and&#160;</span>Vibra<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">, and of&#160;</span>Navegantes<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span>Log&#237;stica<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span>Portu&#225;ria<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;are&#160;</span>Ra&#237;zen<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;and&#160;</span>Petrobras<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">, each holding&#160;</span></span><span style="line-height: inherit;">1</span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">/</span><span style="line-height: inherit;">3</span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;of the voting shares.</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="font-size: 8pt; line-height: inherit;">(11)</span></td>
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; text-align: justify; vertical-align: top;" valign="top"><span style="color: #000000; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">Latitude&#160;Log&#237;stica&#160;Portu&#225;ria&#160;&#8211; a company jointly owned by&#160;Ipiranga&#160;and&#160;Petr&#243;leo&#160;Sabb&#225;&#160;S.A.</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(12)</span></td>
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; text-align: justify; vertical-align: top;" valign="top"><span style="font-size: 8pt; line-height: inherit;">Irup&#234;<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span>Biocombust&#237;veis<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;&#8211; a company established on October 2, 2023, engaged in the production, sale, import and export of&#160;</span>biofuels<span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">, fertilizers and other agricultural inputs.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(13)</span></td>
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; text-align: justify; vertical-align: top;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">On April 28, 2023,&#160;</span>Imaven<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;was partially spun off, and the spin-off assets were merged into the equity of the subsidiary&#160;</span>Ipiranga<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">. On May 1,&#160;</span>Imaven<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;became directly controlled by&#160;</span>Ultrapar<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(14)</span></td>
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; text-align: justify; vertical-align: top;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Other shareholders of RPR are&#160;</span>Petrobras<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;and&#160;</span>Braskem<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">, each holding 1/3 of the voting shares.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(15)</span></td>
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; text-align: justify; vertical-align: top;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Non-controlling interests in&#160;</span>Uting&#225;s<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;are mainly held by&#160;</span>Copagaz<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;and&#160;</span>Supergasbr&#225;s<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;(31% and 8% of total capital, respectively).</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(16)</span></td>
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Companies with suspended operational activities.</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(17)</span></td>
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; text-align: justify; vertical-align: top;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">On November 21, 2022, the Company through its subsidiary&#160;</span>Ultragaz<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">, signed an agreement for the acquisition of all shares of&#160;</span>NEOg&#225;s<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">. The closing of the acquisition occurred on February 1, 2023.</span></span></td> </tr>
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<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(18)</span></td>
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; text-align: justify; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Companies established on June 6, 2023, with the purpose of renting and leasing real estate, equipment and machinery for the operation by third parties of distributed electricity generation projects.</span></td> </tr>
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<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(19)&#160;</span></td>
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; text-align: justify; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Company established on May 16, 2024 with the purpose of holding interests in other companies.</span></td> </tr>
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<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(21)</span></td>
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; text-align: justify; vertical-align: top;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Company (&#8220;</span>Krispy<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span>Kreme<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#8221;) established on March 8, 2024, engaged in the wholesale and retail trade, manufacture, storage, export and import of natural and industrialized food products.</span></span></td> </tr>
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<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(22)</span></td>
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; text-align: justify; vertical-align: top;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Companies established as&#160;</span>Ipiranga&#8217;s<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;subsidiaries in foreign countries (</span>Ipiranga<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;Trading North America LLC. established on February 28, 2024,&#160;</span>Ipiranga<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;Trading Europe S.A. established on January 12, 2024), engaged in the commercial representation, trade, export and import of fuels.</span></span></td> </tr>
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<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(23)&#160;</span></td>
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">On January 2, 2024, direct subsidiary&#160;</span>Ea&#237;<span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span>Clube<span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span>Automobilista<span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;S.A. started to be controlled by&#160;</span>Ipiranga<span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">.</span></span></td> </tr>
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<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(24)</span></td>
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; text-align: justify; vertical-align: top;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">On August 1, 2024, the merger of the company into&#160;</span>Companhia<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span>Ultragaz<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;S.A. was approved, which became direct subsidiary of&#160;</span>Ultrapar</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(25)</span></td>
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; text-align: justify; vertical-align: top;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">On September 1, 2024, the Company, through its subsidiary&#160;</span>Companhia<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span>Ultragaz<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;S.A., acquired a 52% interest in&#160;</span>Witz<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span>Participa&#231;&#245;es<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;S.A</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(26)</span></td>
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; text-align: justify; vertical-align: top;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">On February 19, 2024, the name of subsidiary&#160;</span>Ultracargo<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span>Opera&#231;&#245;es<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span>Log&#237;sticas<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;e&#160;</span>Participa&#231;&#245;es<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span>Ltda<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">. was changed to&#160;</span>Ultrapar<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span>Log&#237;stica<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span>Ltda</span></td> </tr>
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<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(27)</span></td>
<td style="height: 16px; padding: 2px 0px 1px; margin: 0px; text-indent: 0px; text-align: justify; vertical-align: top;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">On December 10, 2024, the Company transferred its total shares to UVC&#160;</span>Investimentos<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span>Ltda</span></td> </tr> </tbody> </table>
<p style="margin: 0px; text-align: justify; text-indent: 0px;">&#160;</p>
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<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">January, 202</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>5</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the following transactions occurred: i) our subsidiary </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">AmPm</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> became directly controlled by Ultrapar Mobilidade and ii) our subsidiary </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Millenium</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> S.A. became directly controlled by </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">AmPm; and iii) Ul</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">tracargo</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Log&#237;stica became directly controlled by Ultrapar Participa&#231;&#245;es S.A.</span> </p>
<p style="margin: 10pt 0pt; text-indent: 21.3pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For more information on our main subsidiaries, see &#8220;Item <span>4</span>.A. Information on the Company.&#8221;</span></p>
<p style="margin: 10pt 0pt; text-indent: 21.3pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For more information about our organizational structure, including companies&#8217; names, country of incorporation or formation, or ownership interests held, see Note </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to our Consolidated Financial Statements for the year ended December 31, 2024.<br/></span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">D.&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Property, plant and equipment</span></p>
<p style="margin: 10pt 0pt 10pt 17.85pt; text-align: justify; text-indent: -17.85pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Ipiranga </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of December 31, 2024, Ipiranga distributed fuels through <span>90</span> storages terminals, which are strategically located to provide fast and efficient delivery of its products. There are <span>two</span> types of storage terminals: primary, which are usually located near the coast and large cities and are supplied by refineries through pipelines; and secondary storage terminals, mainly located inland and supplied by primary storage terminals through railways or road transportation at locations not serviced by railway systems. Large customers and TRRs are also serviced by primary storage terminals. As of December 31, 2024, Ipiranga had <span>48</span> primary storage terminals and <span>42</span> secondary storage terminals. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Distributors may own their storage terminals, lease space in third parties&#8217; storage terminals or participate in pools via jointly operated terminals that serve <span>two</span> or more distributors. As of December 31, 2024, the total capacity of Ipiranga&#8217;s storage terminals was</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>1,132</span> thousand m&#179;, out of each </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>26</span></span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% were owned, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>46</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% were related to third-party agreements and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>28</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% were related to jointly operated terminals.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Beyond the risks discussed in &#8220;Item <span>3</span>.D. Key information&#8212;Risk factors&#8221;, there were no specific environmental issues that could affect Ipiranga&#8217;s utilization of these facilities. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For a discussion of our investments plan for Ipiranga for <span>2025</span>, see &#8220;Item <span>5</span>. Operating and financial review and prospects&#8212;B. Liquidity and capital resources&#8212; Capital expenditures and other investments.&#8221;</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Ultragaz </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultragaz&#8217;s LPG distribution network includes <span>46</span></span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">storage plants, including <span>2</span> storage plants indirectly held through its stake in Uting&#225;s, <span>19</span></span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of which are also filling plants</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> LPG is carried to the filling plants either via gas pipelines from Petrobras&#8217; facilities or by tanker trucks. When LPG transportation is made via gas pipelines, the bases are known as primary and when transportation is made via tanker trucks, the bases are known as secondary. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultragaz also operates storage bases for LPG, known as satellite bases, for supplying its bulk trucks. These storage facilities are strategically located to keep supplies close to Ultragaz&#8217;s customer base, thus reducing transportation costs. As of December 31, 2024, Ultragaz had <span>10</span> primary plants, <span>9</span> secondary plants and <span>25</span></span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">satellite bases located in all the regions of Brazil. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">LPG is stored in the filling plants in large LPG storage tanks with a median of <span>60</span> tons per tank. In the case of LPG to be delivered in bulk, LPG is pumped directly from the storage tanks into the bulk tankers. In the case of LPG to be delivered in bottles, LPG is pumped from storage tanks into several filling heads, which fill the LPG bottles.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On August 16, 2023, CADE approved the consortium agreement between Ultragaz and Supergasbr&#225;s for sharing part of their operations, infrastructure of LPG storage and filling bases. Through this agreement, Ultragaz has expanded its presence from <span>19</span> to <span>24</span> existing filling bases. Through this partnership, benefits such as optimizing logistics routes, reducing costs related to operations, filling and storage and greater supply security and service levels for customers and resellers are expected. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of December 31, 2024, Ultragaz had a total storage capacity of <span>22</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.<span>1</span> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">thousand tons, including the storage capacity indirectly held through its stake in Uting&#225;s. In addition, Ultragaz maintains its headquarters in the city of S&#227;o Paulo and regional offices in the areas in which it operates. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Beyond the risks discussed in &#8220;Item <span>3</span>.D. Key information&#8212;Risk factors&#8221;, there were no specific environmental issues that could affect Ultragaz&#8217;s utilization of these facilities. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For a discussion of our investments plan for Ultragaz for <span>2025</span>, see &#8220;Item <span>5</span>. Operating and financial review and prospects&#8212;B. Liquidity and capital resources&#8212;</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Capital expenditures and other investments.&#8221;</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Ultracargo</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Most of Ultracargo&#8217;s property, plant and equipment are represented by its storage facilities. For more information on Ultracargo&#8217;s storage facilities, see &#8220;Item <span>4</span>.B. Information on the company &#8212;Business overview &#8212; Storage services for liquid bulk.&#8221; Beyond the risks discussed in &#8220;Item <span>3</span>.D. Key information&#8212;Risk factors&#8221;, there were no specific environmental issues that could affect Ultracargo&#8217;s utilization of these facilities. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For a discussion of our investments plan for Ultracargo for <span>2025</span>, see &#8220;Item <span>5</span>. Operating and financial review and prospects&#8212;B. Liquidity and capital resources&#8212;</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Capital expenditures and other investments.&#8221;</span></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div>
<div style="line-height: 1.2;">
<div style="margin: 10pt 0pt 0pt 55.1pt; break-after: avoid; text-indent: -55.1pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bdn7_1632025102542557" class="customBookmark"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">ITEM</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"><span>4</span>A.&#160; &#160; &#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">UNRESOLV</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">ED STAFF COMMENTS </span></a></div>
<p style="margin: 10pt 0pt; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">None.</span><span style="font-family: 'Times New Roman'; font-size: 11pt; line-height: inherit;">&#160;</span></p> </div>
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<div style="margin: 10pt 0pt 0pt 55.1pt; break-after: avoid; text-align: justify; text-indent: -55.1pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bdn8_1632025102553746" class="customBookmark"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">ITEM</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"><span>5</span>.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160; &#160; &#160; &#160; &#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">OPERATING AND FINANCIAL REVIEW AND PROSPECTS </span></a></div>
<p style="margin: 10pt 0pt 0pt 24.5pt; break-after: avoid; text-align: justify; text-indent: -24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">A.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Operating results </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">You should read this discussion together with our Consolidated Financial Statements, including the notes thereto and other financial information included elsewhere in this annual report. This annual report contains forward-looking statements that involve risks and uncertainties. Our actual results may differ materially from those discussed in the forward-looking statements as a result of various factors including, without limitation, those set forth in &#8220;Cautionary Statement Regarding Forward-Looking Information&#8221; and the matters set forth in this annual report generally.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In <span>2021</span> and <span>2022</span>, Ultrapar conducted a portfolio rationalization process and, as a result, it entered into share purchase agreements for the sale of Extrafarma, ConectCar and Oxiteno. The sale of Ipiranga&#8217;s interest in ConectCar was closed in October 2021.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> On December 31, 2021,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Oxiteno and Extrafarma were classified as assets and liabilities held for sale and discontinued operations, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">due to signing of a share purchase agreement with Indorama in August 2021 and with Pague Menos in May 2021, respectively. The sales of Oxiteno and Extrafarma were closed on April 1, 2022 and on August 1, 2022, respectively, and as a result these companies are no longer part of Ultrapar&#8217;s business portfolio as of these dates.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> In <span>2022</span>, Ultrapar ceased to present KMV</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (formerly abastece a&#237;)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> as a separate segment, due to the small relevance of this business relative to the overall results of the Company.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Additionally, in <span>2024</span>, in a series of transactions, Ultrapar Log&#237;stica, a</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">subsidiary of Ultrapar, acquired an equity stake in Hidrovias and, as of December 31, 2024. Ultrapar held a total stake of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>41</span>.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>9</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% in Hidrovias. Ultrapar plans to be a strategic and long-term reference shareholder of Hidrovias, supporting its growth, governance and management model. If our expectations regarding Hidrovias do not materialize, future results may be affected.</span></p> </div>
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<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Brazilian economic background </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Since our continuing operating businesses are in Brazil, our results and financial position depend largely on Brazil&#8217;s economic and social conditions, including, but not limited to, GDP, growth rates, credit availability and disposable incomes, the domestic rate of inflation and exchange rate fluctuations.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In <span>2024</span>, Brazil's economy </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">demonstrated</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> resilience and</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> achieved</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> GDP growth, primarily driven by </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">robust </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">domestic consumption and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">strong </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">labor market, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">marked by near-historical low</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">unemployment rate</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">s</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">However, the sharp</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> depreciation of the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Real against the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">U.S. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">dollar</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, in conjunction with elevated consumer spending, heightened</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> concerns regarding </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">domestic </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">inflation</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Consequently</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the Central Bank </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">raised</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the SELIC rate to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>1</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.<span>25</span>% per </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">annum</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Additionally, ongo</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">i</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ng</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> domestic fiscal challenges </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">continue</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to contribute to market</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> instability and investor</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> apprehension</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In addition, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">we cannot predict the scope, nature and impact of any policy changes or reforms (or reversals thereof) that the president&#8217;s administration will implement, which could result in further political and economic instability and negatively impact the regulatory framework in which we operate, which, in turn, could adversely affect our businesses, financial condition and operating results. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For more information, see</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Item <span>3</span>.D. Key information&#8212;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Risk factors</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8212;The Brazilian government has exercised, and continues to exercise, significant influence over the Brazilian economy. Brazilian political and economic conditions, including ongoing political instability and perceptions of these conditions in the international markets, could adversely affect our businesses and the market price of our shares and ADSs.&#8221;</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">GDP.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In <span>2022</span>, Brazilian GDP grew <span>2.9</span>%, </span><span style="color: #231f20; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">mainly</span> <span style="color: #231f20; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">driven by </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the reopening of the economy after the restrictions imposed by the COVID-<span>19</span> pandemic in <span>2021</span>, added</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">to the stimulus packages, the evolution of public accounts and the financial support policies for the population. In <span>2023</span>, GDP also grew <span>2.9</span>%, despite the challenging global scenario. The record trade balance, combined with the reduction in unemployment and the fall in the basic interest rate and inflation within the limits of the target defined by the National Monetary Council, contributed to the improvement of the economy&#8217;s performance and the appreciation of Real. GDP </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">increased by </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in <span>2024</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, which was primarily driven by solid domestic consumption and robust labor market conditions</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Inflation and currency fluctuations.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Our cash operating activities are substantially in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Reais</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and tend to increase with inflation. However, some of our costs of sales and services sold are linked to the U.S. dollar and are not substantially affected by the Brazilian inflation rate. In addition, some of our </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Real</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-denominated debt is indexed to the rate of inflation. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In <span>2022</span>, the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Real</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> appreciated <span>6.5</span>% against the U.S. dollar, mainly due to the reopening of the economy after the restrictions imposed by the COVID-<span>19</span> pandemic in <span>2021</span>, added to the stimulus packages, the evolution of public accounts and the financial support policies for the population. In <span>2023</span>, the Real appreciated <span>7.2</span>% against the U.S. dollar, mainly due to the record trade balance in the period. In <span>2024</span>, the Real depreciated by approximately </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>27,9</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% against the U.S. dollar, due to a combination of global economic uncertainties, higher interest rates in the U.S. and domestic fiscal challenges.</span></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The official interest rate in Brazil, or SELIC, as of December 31, 2023, was <span>11.75</span>% per year, as set forth by the Monetary Policy Committee (</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Comit&#234; de Pol&#237;tica Monet&#225;ria do Banco Central do Brasil</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">). The SELIC </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">rate decreased to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>10.50</span>% in July 2024, and was later raised by the Monetary Policy Committee to <span>10.75</span>% </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">September 2024, followed by an</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">other</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> increase to <span>11.25</span>% </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">November 2024, and further to <span>12.25</span>% </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">December, 2024.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> In March 2025, the Monetary Policy Committee further raised the SELIC rate to <span>14.25</span>%.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The main foreign exchange risk we face arises from certain U.S. dollar denominated costs and expenses. Although a part of our debt is U.S. dollar-denominated, it is predominantly hedged against currency devaluation using various derivative instruments or matching assets in the same currency. Additionally, a significant part of our raw materials is also denominated or indexed to the U.S. dollar. Hence, we are exposed to foreign exchange rate risks which could negatively impact our businesses, financial situation and operating results as well as our capacity to service our debt.</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The table below shows the inflation rate for the periods indicated, as well as the devaluation (or appreciation) of the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Real</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> against the U.S. dollar.</span></p>
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<th style="height: 10px; width: 65.5713%; background-color: #ffffff; margin-left: 0.1px;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; width: 0.970874%; background-color: #ffffff; margin-left: 0.1px;"><br/></th>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #ffffff; margin: 0px; text-align: center; text-indent: 0px; width: 32%; padding-right: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" colspan="7"><span style="color: #000000; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">Year</span><span style="color: #000000; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="color: #000000; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">ended</span><span style="color: #000000; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="color: #000000; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">December</span><span style="color: #000000; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="color: #000000; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;"><span>31</span>,</span></td>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; width: 0.970874%; background-color: #ffffff; margin: 0px; text-indent: 0px;"><br/></th> </tr>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Index</span></p> </td>
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<p style="font-size: 8pt; line-height: 1.2; break-after: avoid; break-inside: avoid; text-align: center; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"><span>2024</span></span></p> </td>
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<p style="font-size: 8pt; line-height: 1.2; break-after: avoid; break-inside: avoid; text-align: center; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"><span>2023</span></span></p> </td>
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<td style="padding-left: 0px; vertical-align: bottom; height: 10px; width: 10%; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 8pt; line-height: 1.2; break-after: avoid; break-inside: avoid; text-align: center; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"><span>2022</span></span></p> </td>
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<td style="vertical-align: top; height: 15px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 65.5713%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> IGP-M</span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; width: 0.970874%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 15px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>6.5</span>% </span></p> </td>
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<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; width: 0.5%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 15px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (<span>3.2</span>% </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.5%; background-color: #cceeff; height: 15px;"><span style="font-size: 10pt;">)</span></td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; width: 0.5%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 15px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: right; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>5.5</span>% </span></p> </td>
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<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 65.5713%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> IPCA</span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; width: 0.970874%;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>4.8</span>% </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.5%; height: 10px;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; width: 0.5%;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>4.6</span>% </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.5%; height: 10px;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; width: 0.5%;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: right; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>5.8</span>% </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: right; height: 10px; width: 0.970874%;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="vertical-align: top; height: 15px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 65.5713%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Devaluation (appreciation) of the Real against the U.S. dollar</span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; width: 0.970874%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 15px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>27.9</span>% </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.5%; background-color: #cceeff; height: 15px;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; width: 0.5%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 15px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (<span>7.2</span>% </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.5%; background-color: #cceeff; height: 15px;"><span style="font-size: 10pt;">)</span></td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; width: 0.5%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 15px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: right; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (<span>6.5</span>% </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; width: 0.970874%; text-align: left; background-color: #cceeff;"><span style="font-size: 10pt;">)</span></td> </tr> </tbody> </table> </div> </div>
<div style="line-height: 1.2;">
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We manage foreign exchange risk associated with the scheduled payments under the terms of our U.S. dollar indebtedness by investing in U.S. dollar-denominated securities and foreign currency/interest swap contracts, under which we pay variable interest in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Reais</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> based on the DI and receive fixed interest in U.S. currency. See &#8220;Item</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>11</span>. Quantitative and Qualitative Disclosures About Market Risk&#8221; for information about our foreign exchange risk hedging policy and Note</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>26</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to our Consolidated Financial Statements.</span> </p> </div>
<div style="line-height: 1.2;">
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">IFRS standards and criteria adopted in preparing the financial information</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The consolidated financial information presented below was prepared based on the consolidated statements of income and cash flows &#8211; indirect method for the years ended December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>31</span>, <span>2024</span>, <span>2023</span> and <span>2022</span> that derived from our Consolidated Financial Statements included in this annual report and prepared in accordance with IFRS as issued by IASB. Financial information relating to Ultragaz, Ultracargo and Ipiranga is presented on an unconsolidated basis and does not reflect elimination of intercompany transactions.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Hidrovias results are recorded based on equity method, according to IAS <span>28</span>, and with a delay of <span>2</span> months.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Accordingly, the sum of individual financial information of Ultrapar&#8217;s subsidiaries may not correspond to the consolidated financial information of Ultrapar. See &#8220;Presentation of financial information.&#8221;</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On December 31, 2021, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">our former wholly owned subsidiaries, Oxiteno and Extrafarma, were classified as assets and liabilities held for sale and discontinued operations, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">due to signing of a share purchase agreement with Indorama in August 2021 and with Pague Menos in May 2021, respectively. The sales of Oxiteno and Extrafarma were closed on April 1, 2022 and on August 1, 2022, respectively, and as a result these companies are no longer part of Ultrapar&#8217;s business portfolio as of these dates.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> In <span>2022</span>, Ultrapar has ceased to present KMV</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (formerly abastece a&#237;) </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">as a separate segment, due to the small relevance of this business relative to the overall results of the Company.</span></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>77</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div>
<div style="line-height: 1.2;">
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Results of operations</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Year ended December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><span>31</span>, <span>2024</span> compared to the year ended December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><span>31</span>, <span>2023</span>. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The following table shows a summary of our results of operations for the years ended December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>31</span>, <span>2024</span> and <span>2023</span>:</span></p>
<div id="t_ft_DDPMF1ARO000000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 242px;" width="100%">
<thead>
<tr style="height: 10px;">
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; padding-top: 1pt; break-after: avoid; break-inside: avoid; text-align: justify; border-top-width: 1px; border-top-color: #000000 !important;"><span style="font-family: 'Times New Roman'; font-size: 4pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">(R$ million)</span></p> </th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Year ended </span><br/><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">December</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"><span>31</span>,</span><br/><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"><span>202</span></span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"><span>4</span></span></p> </th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">%</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">of</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">net revenues</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">from sales and services</span></p> </th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Year ended </span><br/><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">December</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"><span>31</span>,</span><br/><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"><span>2023</span></span></p> </th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">%</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">of</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">net revenues</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">from sales and services</span></p> </th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Percent</span><br/><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">change</span><br/><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"><span>2024</span>&#8212;<span>2023</span></span></p> </th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;"><br/></th> </tr> </thead>
<tbody>
<tr style="height: 15px; background-color: #cceeff;">
<td style="vertical-align: top; height: 15px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 41%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Net revenues from sales and services </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>133,498.9</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>100</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>126,048.7</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>100</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 15px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 15px; background-color: #cceeff; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>6</span>% </span></p> </td>
<td style="height: 15px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="vertical-align: top; height: 15px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Costs of products and services sold </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (<span>123,811.9</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> -<span>93</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (<span>116,730.5</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>93</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 15px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>6</span>% </span></p> </td>
<td style="height: 15px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 15px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Gross profit </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160; <span>9,687.0</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>7</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>9,318.2</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>7</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>4</span>% </span></p> </td>
<td style="height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Sales, general and administrative expenses <span style="font-size: 8pt; line-height: inherit;"><sup>(1)</sup></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160;&#160; (<span>4,371.6</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> -<span>3</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (<span>4,271.4</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>3</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>2</span>% </span></p> </td>
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Other operating income (expenses), net <span style="font-size: 8pt;"><sup>(2)</sup></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160; (<span>414.1</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>0</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (<span>602.9</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>0</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> -<span>31</span>% </span></p> </td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="vertical-align: top; height: 15px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Results from disposal of property, plant and equipment and intangible assets </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>171.8</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>0</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>121.9</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>0</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 15px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>41</span>% </span></p> </td>
<td style="height: 15px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 20px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 20px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Operating income before share of profit (loss) of subsidiaries, joint ventures and associates, financial result and income and social contribution taxes </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160; <span>5,073.1</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>4</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>4,565.9</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>4</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>11</span>% </span></p> </td>
<td style="height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="vertical-align: top; height: 15px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Share of profit (loss) of subsidiaries, joint ventures and associates </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160; (<span>127.2</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>0</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>11.9</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>0</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> -<span>1,169</span>% </span></p> </td>
<td style="height: 15px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="vertical-align: top; height: 15px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Amortization of fair value adjustments on associates acquisition </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (<span>2.5</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>0</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>0</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>0</span>% </span></p> </td>
<td style="height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="vertical-align: top; height: 15px; padding: 0px 0px 0px 15px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Total share of profit (loss) of subsidiaries, joint ventures and associates </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (<span>129.7</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>0</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>11.9</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>0</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> -<span>1,189</span> </span></p> </td>
<td style="height: 15px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Financial result, net <span style="font-size: 8pt;"><sup>(3)</sup></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160;&#160;&#160;&#160; (<span>931.9</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> -<span>1</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (<span>999.1</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>1</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> -<span>7</span>% </span></p> </td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Income before income and social contribution taxes </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160; <span>4,011.5</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>3</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>3,578.7</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>3</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>12</span>% </span></p> </td>
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Income and social contribution taxes<span style="font-size: 8pt;"><sup>(4)</sup></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160; (<span>1,485.6</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> -<span>1</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (<span>1,060.9</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>1</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>40</span>% </span></p> </td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="vertical-align: bottom; height: 15px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Net income for the year </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160;&#160;&#160;&#160; <span>2,525.9</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2,517.8</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>0</span>% </span></p> </td>
<td style="height: 15px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="vertical-align: top; height: 15px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Income attributable to: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 7.2pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 7.2pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 7.2pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="vertical-align: top; height: 15px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Shareholders of Ultrapar </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160;&#160;&#160;&#160; <span>2,362.7</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>2</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>2,439.8</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>2</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> -<span>3</span>% </span></p> </td>
<td style="height: 15px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 12px; background-color: #cceeff;">
<td style="vertical-align: top; height: 12px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Non-controlling interests in subsidiaries </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160; <span>163.2</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>0</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>78.0</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>0</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 12px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 12px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>109</span>% </span></p> </td>
<td style="height: 12px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<table style="height: 60px; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse;">
<tbody>
<tr>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; width: 75px; text-align: center;"><br/></td>
<td style="vertical-align: bottom;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: top; width: 75px; text-align: center;" valign="top"><span style="font-size: 8pt;"><span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(</span><span style="line-height: inherit;"><span>1</span><span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">)</span></span></span></td>
<td style="height: 15px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'Times New Roman'; font-size: 8pt; text-align: justify; text-indent: -24px; line-height: inherit;">Consider both selling, marketing, general and administrative expenses</span></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: top; text-align: center;" valign="top"><span style="font-size: 8pt;"><span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(</span><span style="line-height: inherit;"><span>2</span><span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">)</span></span></span></td>
<td style="height: 15px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'Times New Roman'; font-size: 8pt; text-align: justify; text-indent: -24px; line-height: inherit;">Considers both other operating income and other operating expenses</span></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: top; text-align: center;" valign="top"><span style="font-size: 8pt;"><span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(</span><span style="line-height: inherit;"><span>3</span><span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">)</span></span></span></td>
<td style="height: 15px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'Times New Roman'; font-size: 8pt; text-align: justify; text-indent: -24px; line-height: inherit;">Considers both finance income and finance expenses</span></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: top; text-align: center;" valign="top"><span style="font-size: 8pt;"><span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(</span><span style="line-height: inherit;"><span>4</span><span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">)</span></span></span></td>
<td style="height: 15px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'Times New Roman'; font-size: 8pt; text-align: justify; text-indent: -24px; line-height: inherit;">Consider both current and deferred income and social contribution taxes</span></td> </tr> </tbody> </table>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>78</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Net revenues from sales and services</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&#8217;s net revenues from sales and services was R</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>133</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,<span>498.9</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2024</span>, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">n</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">increase</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>6</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> compared to R$<span>126,048.7</span> million in <span>2023</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, reflecting mainly the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">higher </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">revenues of Ipiranga and Ultragaz. In <span>2024</span>, more than <span>90</span>% of our consolidated net revenues from sales and services was generated by Ipiranga and Ultragaz. Therefore, the main components of these revenues come from diesel, gasoline, ethanol and LPG sales. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The following table shows the change in net revenues from sales and services for each of our segments:</span></p>
<div id="t_ft_RYT8CGPO6O00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 75px; width: 100%; text-indent: 0px;" width="100%">
<thead>
<tr style="height: 10px; background-color: #cceeff;">
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #ffffff; margin-left: 0.1px;"> </th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span>2024</span></span></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #ffffff; margin-left: 0.1px;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #ffffff; margin-left: 0.1px;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span>2023</span></span></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #ffffff; margin-left: 0.1px;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #ffffff; margin-left: 0.1px;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #ffffff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">Percent</span><span style="color: #000000; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="color: #000000; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">change</span><br/><span style="color: #000000; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;"><span>2024</span>&#8212;<span>2023</span></span></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #ffffff; margin-left: 0.1px;"><br/></th> </tr>
<tr style="height: 10px;">
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;</span></p> </th>
<th colspan="7" style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">(R$ million)</span></p> </th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;"><br/></th> </tr> </thead>
<tbody>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: top; height: 10px; background-color: #cceeff; width: 65%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ipiranga <span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">(<span>1</span>)</span><span style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;"> (<span>3</span>)</span>&#160;</span></span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>121,336.2</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>114,551.8</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>6</span>% </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultragaz <span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>11,288.4</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>10,670.8</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>6</span>% </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: top; height: 10px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultracargo </span><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>1,075.6</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>1,015.6</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>6</span>% </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Others <span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">(<span>2</span>)</span><span style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;"> (<span>3</span>)</span></span></span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (<span>201.3</span> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; text-align: left;">)</td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (<span>189,5</span> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>6</span>% </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="vertical-align: top; height: 15px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Net revenues from sales and services&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 15px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>133,498.9</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 15px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 15px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 15px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>126,048.7</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 15px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 15px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 15px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>6</span>% </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 15px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> <sup><sup></sup></sup></div>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td style="width: 75px; text-align: center; vertical-align: top;" colspan="2" valign="top"><span style="font-size: 8pt; line-height: inherit;"><sup style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span style="font-family: 'Times New Roman'; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">1</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">)</span></span></sup></span><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: justify; vertical-align: top;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">Financial information relating to&#160;</span>Ultragaz<span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">,&#160;</span>Ultracargo<span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">&#160;and&#160;</span>Ipiranga<span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">&#160;is presented on an unconsolidated basis and does not reflect elimination of intercompany transactions which is included in &#8220;Others&#8221;. Accordingly, the sum of individual financial information of&#160;</span>Ultrapar&#8217;s<span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">&#160;subsidiaries may not correspond to the consolidated financial information of&#160;</span>Ultrapar<span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">. See &#8220;Presentation of financial information.&#8221;</span></span></td> </tr>
<tr>
<td colspan="2" style="text-align: center; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">2</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">)</span></span><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; text-align: justify; text-indent: -24px; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&#160;</span><span style="text-align: justify; text-indent: -24px; font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">Includes&#160;Ultrapar&#8217;s&#160;holding structure, eliminations of intercompany transactions and other subsidiaries (see &#8220;Item&#160;<span>4</span>.C. Information on the&#160;Company&#8212;Organizational&#160;structure.&#8221;)</span></td> </tr>
<tr>
<td colspan="2" style="text-align: center; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(3)</span><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="text-align: justify; text-indent: -24px; font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">A s</span><span style="text-align: justify; text-indent: -24px; font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">et forth</span><span style="text-align: justify; text-indent: -24px; font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;note&#160;<span>24</span>&#160;</span><span style="text-align: justify; text-indent: -24px; font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">to</span><span style="text-align: justify; text-indent: -24px; line-height: inherit;">&#160;</span><span style="text-align: justify; text-indent: -24px; font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">our financial statement</span><span style="text-align: justify; text-indent: -24px; font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">s</span><span style="text-align: justify; text-indent: -24px; font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">, the&#160;<span>2023</span>&#160;figures were restated to reflect the new organizational structure of KMV (formerly&#160;abastece&#160;a&#237;) between&#160;Ipiranga&#160;and others.</span></td> </tr> </tbody> </table>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ipiranga&#8217;s net revenues from sales and services was R</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>121</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,<span>336.2</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2024</span>, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">n</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">increase</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>6</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> compared to R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>114</span>,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>551</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>8</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2023</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, due to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">pass-through of fuel cost increases and higher sales volumes</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ipiranga&#8217;s sales volume totaled </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>570</span></span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">thousand m&#179; in <span>2024</span>, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">an increase of <span>2</span>%</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> when compared to <span>2023</span>, with a </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>5</span>% growth in the <span>Otto</span> cycle due to increased use of ethanol at the expense of gasoline in the product mix and a <span>1</span>% decline in diesel, mainly in spot markets.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultragaz&#8217;s net revenues from sales and services was R</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>11,288.4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2024</span>, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">n</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">increase</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>6</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> compared to R</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>10,670.8</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2023</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, reflecting </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the pass-through of LPG cost increases and increased sales volumes</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. The volume sold by Ultragaz totaled <span>1,7</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>47</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> thousand tons in <span>2024</span>, a</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">slight</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> increase of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>1</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% compared to <span>2023</span>, as a result of a </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>3</span>% growth of sales in the bulk segment, offset by a decrease of <span>1</span>% in the bottled segment.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultracargo&#8217;s net revenues from sales and services was R</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>1,075.6</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2024</span>, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">an increase</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>6</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> compared to R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>1,015.6</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2023</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, as a result of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> higher m&#179;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> sold</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>17,143</span></span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">thousand m&#179; in <span>2024</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> vs <span>15,707</span> thousand m</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#179; in <span>2023</span>)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, despite lower spot sales.</span> </p>
<p style="font-size: 10pt; line-height: 106%; margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Costs of products and services </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">sold</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&#8217;s costs of p</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">roducts sold and services provided was R</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>123</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,<span>811.9</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in <span>2024</span>, a</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">n</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">increase</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>6</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% compared to R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>116,730.5</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in <span>2023</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, due to the cost </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">increase </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">at Ipiranga and Ultragaz.</span></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>79</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The following table shows the change in costs of products sold and services provided for each of our segments:</span></p>
<div id="t_ft_4SW1MH2UKG00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 90px; text-indent: 0px;" width="100%">
<thead>
<tr style="background-color: #cceeff; height: 10px;">
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #ffffff;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span style="line-height: inherit;">2024</span></span></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 10px; text-align: center;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 10px; text-align: center;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span style="line-height: inherit;">2023</span></span></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 10px; text-align: center;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 10px; text-align: center;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #ffffff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">Percent</span><span style="color: #000000; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="color: #000000; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">change</span><br/><span style="color: #000000; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;"><span style="line-height: inherit;">2024</span>&#8212;<span style="line-height: inherit;">2023</span></span></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 10px;"><br/></th> </tr>
<tr style="height: 15px;">
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;</span></p> </th>
<th colspan="7" style="padding-left: 7.2pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">(R$ million)</span></p> </th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 15px;"><br/></th> </tr> </thead>
<tbody>
<tr style="background-color: #cceeff; height: 10px;">
<td style="width: 65%; background-color: #cceeff; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ipiranga </span><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">(<span>1</span>)</span><span style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;"> (<span>3</span>)</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>114,730.5</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>108,074.3</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>6</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultragaz </span><span style="font-size: 8pt; line-height: inherit;"><sup><span style="font-family: 'Times New Roman'; line-height: inherit;">(<span>1</span>)</span></sup></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>8,895.2</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>8,485.2</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>5</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="background-color: #cceeff; height: 10px;">
<td style="background-color: #cceeff; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultracargo </span><span style="font-size: 8pt; line-height: inherit;"><sup><span style="font-family: 'Times New Roman'; line-height: inherit;">(<span>1</span>)</span></sup></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>386.6</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>355.8</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>9</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 20px;">
<td style="height: 20px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Others </span><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">(<span>2</span>)</span><span style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;"> (<span>3</span>)</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (<span>200.4</span> </span></p> </td>
<td style="padding: 0px 0px 0.5px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (<span>184.8</span> </span></p> </td>
<td style="padding: 0px 0px 0.5px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>8</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="background-color: #cceeff; height: 15px;">
<td style="background-color: #cceeff; height: 15px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Costs of products and services sold&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>123,811.9</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>116,730.5</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>6</span>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> <sup><sup></sup></sup></div>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; margin-top: 6pt;">
<tbody>
<tr>
<td style="width: 5%; text-align: center; vertical-align: top;" colspan="2" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(</span><span style="font-size: 8pt; line-height: inherit;"><span>1</span><span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">)</span></span><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 95%; vertical-align: top; text-align: justify;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">Financial information relating to&#160;</span>Ultragaz<span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">,&#160;</span>Ultracargo<span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">&#160;and&#160;</span>Ipiranga<span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">&#160;is presented on an unconsolidated basis and does not reflect elimination of intercompany transactions which is included in &#8220;Others&#8221;. Accordingly, the sum of individual financial information of&#160;</span>Ultrapar&#8217;s<span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">&#160;subsidiaries may not correspond to the consolidated financial information of&#160;</span>Ultrapar<span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">. See &#8220;Presentation of financial information.&#8221;</span></span></td> </tr>
<tr>
<td colspan="2" style="text-align: center; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(</span><span style="font-size: 8pt; line-height: inherit;"><span>2</span><span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">)</span></span><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: justify;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">Includes&#160;</span>Ultrapar&#8217;s<span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">&#160;holding structure, eliminations of intercompany transactions and other subsidiaries (see &#8220;Item&#160;</span><span>4</span><span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">.C. Information on the&#160;</span>Company&#8212;Organizational<span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">&#160;structure.&#8221;)</span></span></td> </tr>
<tr>
<td colspan="2" style="text-align: center; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(</span><span style="font-size: 8pt; line-height: inherit;"><span>3</span><span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">)</span></span><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Balances prior to 2024 restated between the&#160;</span>Ipiranga<span style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;segments and other companies, reflecting the new organizational structure of KMV (formerly&#160;</span>abastece<span style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;a&#237;).</span></span></td> </tr> </tbody> </table>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ipiranga&#8217;s costs of products sold and services provided was R</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>1</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>14</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>730</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>5</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2024</span>, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">n</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">crease</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>6</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> compared to R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>10</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>8</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>074.3</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2023</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, due to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">highe</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">r </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">fuel costs</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and higher</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> sales volume</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, which were</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">partially offset by recognition of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">hig</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">her PIS and COFINS credits related to the Supplementary Law No. <span>192</span>/<span>22</span> in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2024</span> (</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>985</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>0</span> million in <span>2024</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>563.0</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in <span>2023</span>).</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultragaz&#8217;s costs of products sold was R</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>8,895.2</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2024</span>, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">n</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">crease</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>5</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> compared to R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>8,485.2</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2023</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">mainly </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">due to higher </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">sales volume</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">freight increase</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">higher</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">perso</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">nnel expenses, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">partially offset by the recognition of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">PIS and COFINS credits related to the Supplementary</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Law No. <span>192</span>/<span>22</span> (</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>86.0</span> million in <span>2024</span>)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and the effect of mark-to-market of energy futures contracts</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (R$<span>64.3</span> million in <span>2024</span>)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultracargo&#8217;s costs of services provided was R</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>386.6</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2024</span>, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">an increase</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>9</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> compared to R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>355.8</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2023</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, due to higher </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">m&#179; sold (+<span>9</span>% vs <span>2023</span>) and increased depreciation expenses, aligned with the capacity expansion (+<span>6</span>% vs <span>2023</span>).</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Gross profit.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> For the reasons described above, Ultrapar&#8217;s gross profit was R</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>9</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,<span>687.0</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in <span>2024</span>, an increase of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% compared to R$<span>9,318.2</span> million in <span>2023</span>.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Ipiranga&#8217;s gross profit was R</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>6,605</span>.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>7</span></span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2024</span>, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">an increase</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> compared to R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>6,4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>77</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>5</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2023</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Ultragaz&#8217;s gross profit was R</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2,393.2</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2024</span>, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">an increase</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>9</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> compared to R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2,185.6</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2023</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Ultracargo&#8217;s gross profit was R</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>6</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>8</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>8.0</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2024</span>, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">an increase</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of <span>2</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> compared to R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>659.8</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2023</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Sales, general and administrative expenses</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&#8217;s sales, general and administrative (&#8220;SG&amp;A&#8221;) expenses were R</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4,371.6</span></span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2024</span>, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">an increase</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> compared to R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4,271.4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2023</span>, due to the inflationary impact in <span>202</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">personnel costs</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>80</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The following table shows the changes in SG&amp;A expenses for each of our segments:</span></p>
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<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #ffffff;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span style="line-height: inherit;">2024</span></span></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #ffffff; margin-left: 0.1px;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #ffffff; margin-left: 0.1px;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span style="line-height: inherit;">2023</span></span></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #ffffff; margin-left: 0.1px;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #ffffff; margin-left: 0.1px;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #ffffff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">Percent</span><span style="color: #000000; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="color: #000000; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">change</span><br/><span style="color: #000000; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;"><span style="line-height: inherit;">2024</span>&#8212;<span style="line-height: inherit;">2023</span></span></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; margin: 0px 0px 0px 0.1px; text-indent: 0px; height: 10px; background-color: #ffffff;"><br/></th> </tr>
<tr style="height: 15px;">
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;</span></p> </th>
<th colspan="7" style="padding-left: 7.2pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">(R$ million)</span></p> </th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 15px;"><br/></th> </tr> </thead>
<tbody>
<tr style="height: 17px; background-color: #cceeff;">
<td style="vertical-align: top; height: 17px; width: 65%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ipiranga </span><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">(<span>1</span>)</span><span style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;"> (<span>3</span>)</span></span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>3,019.2</span> </span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; width: 1%; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; width: 1%; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>2,933.3</span> </span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; width: 1%; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; width: 1%; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>3</span>% </span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; width: 1%; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultragaz </span><span style="line-height: inherit; font-size: 8pt;"><span style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>950.7</span> </span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>924.7</span> </span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>3</span>% </span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultracargo </span><span style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit; font-size: 8pt;">(<span>1</span>)</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>187.4</span> </span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>178.7</span> </span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>5</span>% </span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Others </span><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">(<span>2</span>)</span><span style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;"> (<span>3</span>)</span></span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>214.3</span> </span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 17px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 17px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>234,7</span> </span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> -<span>9</span>% </span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 17px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> SG&amp;A&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>4,371.6</span> </span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>4,271.4</span> </span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2</span>% </span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> </div>
<table style="width: 100%; margin-left: 0.1px; height: 46px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr style="height: 16px;">
<td style="height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 5%; text-align: center; vertical-align: top;" colspan="2" valign="top"><span style="font-family: 'Times New Roman'; font-size: 8pt; text-indent: -24px; line-height: inherit;">(</span><span style="font-size: 8pt; line-height: inherit;"><span>1</span><span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">)</span></span><br/></td>
<td style="height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 95%; vertical-align: top; text-align: justify;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">Financial information relating to&#160;</span>Ultragaz<span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">,&#160;</span>Ultracargo<span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">&#160;and&#160;</span>Ipiranga<span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">&#160;is presented on an unconsolidated basis and does not reflect elimination of intercompany transactions which is included in &#8220;Others&#8221;. Accordingly, the sum of individual financial information of&#160;</span>Ultrapar&#8217;s<span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">&#160;subsidiaries may not correspond to the consolidated financial information of&#160;</span>Ultrapar<span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">. See &#8220;Presentation of financial information.&#8221;</span></span></td> </tr>
<tr style="height: 15px;">
<td style="height: 15px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center; vertical-align: top;" colspan="2" valign="top"><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-size: 8pt; text-indent: -24px; float: none; display: inline !important; line-height: inherit;">(</span><span style="color: #000000; font-family: 'times new roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 8pt; line-height: inherit;"><span style="line-height: inherit;">2</span><span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">)</span></span></td>
<td style="height: 15px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: justify;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">Includes&#160;</span>Ultrapar&#8217;s<span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">&#160;holding structure, eliminations of intercompany transactions and other subsidiaries (see &#8220;Item&#160;</span><span>4</span><span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">.C. Information on the&#160;</span>Company&#8212;Organizational<span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">&#160;structure.&#8221;)</span></span></td> </tr>
<tr style="height: 15px;">
<td style="height: 15px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center; vertical-align: top;" colspan="2" valign="top"><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-size: 8pt; text-indent: -24px; float: none; display: inline !important; line-height: inherit;">(</span><span style="color: #000000; font-family: 'times new roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 8pt; line-height: inherit;"><span style="line-height: inherit;">3</span><span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">)</span></span></td>
<td style="height: 15px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: justify;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="text-indent: -24px; font-family: 'Times New Roman'; line-height: inherit;">Balances prior to&#160;<span>2024</span>&#160;restated between the&#160;Ipiranga&#160;segments and other companies, reflecting the new organizational structure of KMV (formerly&#160;abastece&#160;a&#237;).</span></span></td> </tr> </tbody> </table>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ipiranga&#8217;s SG&amp;A expenses were R</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>019</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2024</span>, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">an increase</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> compared to R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2</span>,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>933</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2023</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, resulting from higher personnel expenses (collective bargaining agreement), </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">technology</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> service</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> contracts, and <span>one</span>-off expenses related to office relocations in Rio de Janeiro </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> S&#227;o Paulo, partially </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">offset</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> by lower</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">contingency </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">expenses and</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> legacy network</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> clea</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">n</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">up expe</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">nses </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">completed in <span>2023</span>. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultragaz&#8217;s SG&amp;A expenses were R</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>950.7</span></span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2024</span>, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">an increase</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> compared to R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>924.7</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2023</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">due to higher personnel expenses </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(mainly due to an increase in headcount as a result of acquisitions completed in <span>2022</span> and <span>2023</span>, in addition to collective bargaining agreement and variable compensation, in line with the progression of results), freight and higher sales commissions. </span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultracargo&#8217;s SG&amp;A expenses were R</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>187.4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2024</span>, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">an increase</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>5</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> compared to R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>178.7</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2023</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, resulting from higher personnel </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">expenses (mainly variable compensation and collective bargaining agreement) and advisory fees for expansion.</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Other operating income (expenses), net.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Other operating income (expenses), net was R</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>414.1</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million expense in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2024</span>, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">n improvement </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of expenses</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>188</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>8</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> compared to a R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>602.9</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million expense in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2023</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">due to lower expenses with decarbonization credits at Ipiranga </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">an improvement of expenses of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>145</span> million </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">compared to</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>2023</span>)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and a decrease of R$<span>54</span> million </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">due to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">assumptions update</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in the earnout payable </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">related</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">to</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Stella</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> acquisition</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">R</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">esults from</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> disposal of property, plant and equipment and intangible assets</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&#8217;s income from disposal of assets was R</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>171.8</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2024</span>, a</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">n</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">crease </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>9</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>9</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> compared to R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>121.9</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2023</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, mainly </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">due to increased sales of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">real state assets</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and other assets by Ipiranga. </span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Operating income before share of profit (loss) of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">subsidiaries, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">joint</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">ventures and associates</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">, financial result and income and social contribution taxes</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">O</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">perating income before financial result and share of profit (loss) of joint-ventures and associates was</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> a</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">n</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">expense of</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> R</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>127.2</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2024</span>,</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">mainly due to the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">equivalent to Ultrapar&#8217;s share in the</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> negative</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> results of Hidrovias</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>9</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4.8</span> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million in <span>202</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, mainly</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> due to</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the negative impact of the dr</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">y period</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> on operations and higher financial expenses</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>81</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ipiranga&#8217;s </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">o</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">perating income before share of profit (loss) of subsidiaries, joint ventures and associates, financial result and income and social contribution taxes</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">was R$<span>3</span>,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>24</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>1</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>5</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in <span>202</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, an increase of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>6</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% compared to R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,<span>0</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>57</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>5</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in <span>202</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, mainly due to higher gross profit</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and lower other operating </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">expenses</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, partially offset by higher expenses</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultragaz&#8217;s </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">operating </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">income before share of profit (loss) of subsidiaries, joint ventures and associates, financial result and income and social contribution taxes </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">was R$<span>1</span>,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>529.2</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in <span>202</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, an increase of</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>18</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% compared to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">R$<span>1,294.2</span> million in <span>2023</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, mainly due to higher gross profit</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and other operating income</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, partially offset by higher expense</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">s</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Ultracargo&#8217;s </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">operating income before share of profit (loss) of subsidiaries, joint ventures and associates, financial result and income and social contribution taxes</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> was R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>515</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in <span>202</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, an increase of <span>7</span>% compared to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">R$<span>483.5</span> million in <span>2023</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, due to higher gross profit</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and other opera</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ting income</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, partially offset by higher expenses</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Financial result, net</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar recognized a net financial expense of R</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>931.9</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2024</span>, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">compared to a net financial expense of R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>999.1</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2023</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, mainly reflecting </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the positive effect of lower net debt costs and the effect of the reduction of subscription </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">warrants </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">costs, partially offset by the mark-to-market of derivatives.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Income and social contribution taxes.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&#8217;s income and social contribution taxes were R</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>1,485.6</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2024</span>, an increase </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>40</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> compared to R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>1,060.9</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2023</span>, mainly due to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the reversal of R$<span>124</span> million in deferred income tax related to KMV and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">higher operating income.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> The effective income and social contribution tax rate was </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>37</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% in <span>2024</span>, an increase of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>7</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> percentage points when compared to the <span>29.6</span>% tax rate in <span>2023</span>, due to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the reversal in deferred income tax related to KMV</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Net income for the year.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As a result of the foregoing, Ultrapar&#8217;s net income was R</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2,525.9</span></span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2024</span>, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">stable when compared </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">to R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2,517.8</span> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2023</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Year ended December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><span>31</span>, <span>2023</span>, compared to the year ended December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><span>31</span>, <span>2022</span>. </span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For a discussion of our results of operations for the year ended December 31, 2023 compared to the year ended December 31, 2022, see &#8220;Item <span>5</span>. Operating and financial review and prospects&#8212;A. Operating results&#8212;Results of operations&#8212;Year ended December 31, 2023 compared to year ended December 31, 2022&#8221; of our Form 20-F for the year ended December 31, 2023, filed with the SEC on April 23, 2024.</span><span style="font-family: 'Times New Roman'; font-size: 12pt; line-height: inherit;">&#160;</span></p> </div>
<div style="line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;">
<p style="margin: 10pt 0pt 10pt 24.5pt; break-after: avoid; text-align: justify; text-indent: -24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">B.&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Liquidity and capital resources </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Sources and uses of funds</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our main sources of liquidity derive from (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">cash, cash equivalents and financial investments, (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">cash generated from operations and (iii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">financings. In addition to these sources of liquidity, Ultrapar received payments connected to the sales of Oxiteno and Extrafarma. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The residual payment of US$<span>150.0</span> million in connection with the sale of Oxiteno was paid in a single installment on April 1, 2024, without embedded interest. No exchange hedge was contracted to protect against the U.S. dollar fluctuation for this installment. The residual payment of R$<span>182.7</span> million in connection with the sale of Extrafarma was paid on August 1, 2024, adjusted by DI + <span>0.5</span>% p.a. since August 1, 2022. </span></p>
<p style="margin: 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our material cash requirements have included the following:</span></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 48.45pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Working capital;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 48.45pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Capital expenditures;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 48.45pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Amortization of debts; and</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 48.45pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Payment of dividends.</span></li> </ul>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>82</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Discussion of contractual obligations</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The table below presents a summary of financial liabilities and leases payable as of December 31, 2024 by the Company and its subsidiaries, listed by maturity. The amounts disclosed in this table are the contractual undiscounted cash flows, and, therefore, these amounts may be different from the amounts disclosed in the statement of financial position.</span></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"> R$ million </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Less than <span>1</span> year </span></p> </td>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Between <span>1</span> and <span>3</span> years </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Between <span>3</span> and <span>5</span> years </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"> More than <span>5</span> years </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Loans, including future contractual interest </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>16,309.2</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; text-align: center; height: 10px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4,087.8</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; width: 1%; text-align: right;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>6,071.3</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; width: 1%; text-align: right;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4,646.2</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 10px; text-align: right;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;<span>1,503.9</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; text-align: center; background-color: #cceeff; width: 1%; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Derivative financial instruments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(<span>536.2</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px; text-align: left;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>392.4</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px; text-align: right;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>933.9</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px; text-align: right;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(<span>1,082.7</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px; text-align: left;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(<span>779.8</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px; text-align: left;">)</td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Trade payables </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>3,518.4</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; text-align: center; height: 15px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>3,518.4</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; text-align: right;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; text-align: right;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; text-align: right;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; text-align: center; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Trade payables &#8211; reverse factoring </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>1,014.5</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; text-align: center; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>1,014.5</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px; text-align: right;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px; text-align: right;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px; text-align: right;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; text-align: center; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Leases payable </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2,117.8</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; text-align: center; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>355.3</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; text-align: right;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>523.9</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; text-align: right;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>346.6</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; text-align: right;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>892.0</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; text-align: center; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Financial liabilities of customers </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>200.4</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; text-align: center; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>30.3</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; text-align: right;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>170.2</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; text-align: right;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; text-align: right;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; text-align: center; height: 10px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Contingent consideration </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>42.2</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; text-align: center; height: 15px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; text-align: right;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px; background-color: #cceeff; text-align: right;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>42.2</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; text-align: right;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; text-align: center; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Other payables </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>177.9</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; text-align: center; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>159.9</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; text-align: right;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>18.0</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; text-align: right;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; text-align: right;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; text-align: right;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; text-align: center; height: 10px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar has resources to</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> meet its short-term and long-term cash requirements through a combination of cash, cash equivalents and financial investments (R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>8</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>031</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>7</span></span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">as of December 31, 202</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We believe that our sources of liquidity are sufficient to meet our short-term and long-term cash requirements going forward. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Cash flows </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Net cash provided by (consumed by) operating, investing and financing activities</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Net cash provided by operating activities was R$<span>3</span>,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>735</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>6</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in <span>2024</span>, R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>114.2</span> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">lower</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> than that of <span>2023</span>, due to the higher investment in working capital</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, due to lower imported product mix</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">longer</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> payments term)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In <span>2024</span>, net cash consumed by investing activities was R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>6</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>387</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>9</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million, a</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">n</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">crease of R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>5</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>366</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million compared to <span>2023</span>, mainly due to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">an</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> increase of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4,276.0</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in financial investments</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">specially </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">securities </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and fund</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">s</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> in</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> local and foreign currency)</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">an</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> increase of R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>1,461.4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> in the purchase of investments</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and other assets</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, mainly d</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">u</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">e to the</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> investment in Hidrovias </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in the amount of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>1.8</span> billion</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In <span>2024</span>, net cash consumed by financing activities was R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>1</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>234</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>1</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million, R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>1</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,<span>2</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>60</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.<span>3</span> million lower than that of <span>2023</span>, mainly due to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">higher proceeds </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and lower</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> repayment </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">from loans</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, partially offset by </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">higher dividends paid </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the start of the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Company&#8217;s share buyback program.</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 24.45pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For a discussion of our cash flows for the year ended December 31, 2023, compared to the year ended December 31, 2022, see &#8220;Item <span>5</span>. Operating and financial review and prospects&#8212;B. Liquidity and capital resources&#8212;Cash flows&#8221; of our Form 20-F for the year ended December 31, 2023, filed with the SEC on April 23, 2024.</span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>83</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Cash and cash equivalents</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Accordingly, cash and cash equivalents totaled R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2,071.6</span></span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million and R$<span>5,925.7</span> million as of December 31, 2024 and <span>2023</span>, respectively.</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of December 31, 2024, we had R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>624</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.<span>6</span> million in</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">cash, cash equivalents, financial investments and derivative financial instruments in current assets (short-term) whereas our consolidated debt due from January</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>1</span> to December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>31</span>, <span>2025</span>, totaled R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>087</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>8</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million, including estimated interest payments on loans.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries use exchange rate hedging instruments (especially between the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Real </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and the U.S. dollar) available in the financial market to protect its assets, liabilities, receipts and disbursements in foreign currency and net investments in foreign operations. Hedging instruments are used to reduce the effects of variations in exchange rates on the Company&#8217;s income and cash flows in</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"> Reais</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> within the exposure limits under its Financial Risks Management Policy. Such foreign exchange hedging instruments have amounts, periods, and rates substantially equivalent to those of assets, liabilities, receipts, and disbursements in foreign currencies to which they are related. For additional information regarding our funding and treasury policies, see &#8220;Item <span>11</span>. Quantitative and Qualitative Disclosures About Market Risk.&#8221;</span></p> </div>
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<p style="margin: 10pt 0pt 0pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Consolidated debt </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our consolidated short and long-term debt was as follows:</span></p>
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<th style="padding-left: 7.2pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 43.9803%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">Consolidated debt (in millions of<span>&#160;</span></span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-size: 8pt; font-style: italic; line-height: inherit;">Reais</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">)</span></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; width: 6.96151%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Currency</span></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; width: 0.982801%;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; width: 11.9574%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">Interest</span><span style="color: #000000; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="color: #000000; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">rate</span><span style="color: #000000; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">(<span>1</span>)</span></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; width: 0.982801%;"><br/></th>
<th style="vertical-align: bottom; width: 11.9574%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">Weighted average</span><br/><span style="color: #000000; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">hedging instrument</span></th>
<th style="vertical-align: top; width: 0.982801%;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; width: 9.99181%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" colspan="3"><span style="color: #000000; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">Principal amount of outstanding</span><span style="color: #000000; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="color: #000000; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">and</span><br/><span style="color: #000000; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">accrued interest through</span><br/><span style="color: #000000; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">December</span><span style="color: #000000; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="color: #000000; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;"><span>31</span>,</span></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; width: 0.982801%;"><br/></th> </tr>
<tr style="height: 10px;">
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 43.9803%;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; width: 6.96151%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;</span></p> </th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; width: 0.982801%;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; width: 11.9574%;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; width: 0.982801%;"><br/></th>
<th style="vertical-align: top; height: 10px; width: 11.9574%;"><br/></th>
<th style="vertical-align: top; height: 10px; width: 0.982801%;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; width: 9.99181%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 8pt; line-height: 1.2; break-after: avoid; break-inside: avoid; text-align: center; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"><span>2024</span></span></p> </th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; width: 0.982801%;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; width: 9.99181%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 8pt; line-height: 1.2; break-after: avoid; break-inside: avoid; text-align: center; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"><span>2023</span></span><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;</span></p> </th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; width: 0.982801%;"><br/></th> </tr> </thead>
<tbody>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 43.9803%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Foreign currency &#8211; denominated loans: </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 6.96151%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: center; width: 11.9574%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9574%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td>
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>6,681.7</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>5,278.8</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 43.9803%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Notes in the foreign market</span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 6.96151%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> US$ </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center; width: 11.9574%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>5.3</span>% </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 11.9574%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>139</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>0</span>% </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> DI</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; vertical-align: super; line-height: inherit;">(<span>3</span>)</span></p> </td>
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>4,711.0</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>3,694.3</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 43.9803%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Foreign loan&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 6.96151%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> JPY$ </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: center; width: 11.9574%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>1.3</span>% </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9574%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>109.4</span>% of DI </span></p> </td>
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>501.5</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>439.9</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 43.9803%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Foreign loan&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 6.96151%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> EU$ </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center; width: 11.9574%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>4.4</span>% </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 11.9574%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>109.2</span>% of DI </span></p> </td>
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>778.1</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>126.2</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 43.9803%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Foreign loan&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 6.96151%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> US$ </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: center; width: 11.9574%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>4.6</span>% </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9574%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>105.9</span>% of DI </span></p> </td>
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>691.0</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>1,018.4</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 43.9803%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Reais &#8211; denominated loans: </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 6.96151%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center; width: 11.9574%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 11.9574%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>7,178.9</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>5,862.5</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 43.9803%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Debentures &#8211; CRA (inflation linked) </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 6.96151%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> R$ </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: center; width: 11.9574%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> IPCA&#160;+ <span>5.3</span>% </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9574%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>103.1</span>% of DI </span></p> </td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>2,456.1</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>3,434.3</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 43.9803%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Bank Credit Bills&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 6.96151%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> R$ </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center; width: 11.9574%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>107.0</span>% of DI </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 11.9574%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>1,464.6</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>552.4</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 43.9803%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Debentures &#8211; Ultragaz &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 6.96151%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> R$ </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: center; width: 11.9574%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> DI + <span>0.7</span>% </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9574%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>731.7</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 43.9803%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Debentures &#8211; Ultracargo (inflation linked with swap)</span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 6.96151%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> R$ </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center; width: 11.9574%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> IPCA + <span>4.1</span>% </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 11.9574%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>111.4</span>% of DI </span></p> </td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>534.7</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>556.7</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 43.9803%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: left;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Debentures &#8211; CRA (fixed rate)</span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 6.96151%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> R$ </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: center; width: 11.9574%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>11.2</span>% </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9574%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>104,3</span>% of DI </span></p> </td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>477.8</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>539.9</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 43.9803%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Agribusiness Credit Rights Certificate (DI+)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 6.96151%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> R$ </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center; width: 11.9574%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> DI + <span>0.9</span>% </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 11.9574%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>534.4</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 43.9803%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Debentures &#8211; CRA (DI+) </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 6.96151%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> R$ </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: center; width: 11.9574%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> DI + <span>0.7</span>% </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9574%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>491.0</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>488.3</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 43.9803%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Agribusiness Credit Rights Certificate (DI%)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 6.96151%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> R$ </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center; width: 11.9574%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>108.7</span>% of DI </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 11.9574%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>293.4</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>201.8</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 43.9803%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Constitutional Fund&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 6.96151%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> R$ </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: center; width: 11.9574%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> IPCA + <span>2.9</span>% </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9574%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>69.5</span>% of DI </span></p> </td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>114.5</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 43.9803%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Debentures &#8211; Ultracargo (inflation liked without swap)</span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 6.96151%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> R$ </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center; width: 11.9574%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> IPCA + <span>6.3</span>% </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 11.9574%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>80.0</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 43.9803%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> FINEP&#160;</span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 6.96151%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> R$ </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: center; width: 11.9574%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">TJLP</span><span style="font-family: 'Times New Roman'; font-size: 8pt; vertical-align: super; line-height: inherit;"> (<span>2</span>)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">+<span>1.0</span>%</span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9574%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>0.7</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>1.3</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 43.9803%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Debentures &#8211; Ultracargo (fixed rate) &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 6.96151%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> R$ </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center; width: 11.9574%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>6.5</span>% </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 11.9574%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>99.9</span> of DI </span></p> </td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>87.8</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 43.9803%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total loans&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 6.96151%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: center; width: 11.9574%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9574%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td>
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.99181%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>13,860.5</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.99181%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>11,141.3</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 43.9803%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Unrealized losses on swaps transactions&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 6.96151%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center; width: 11.9574%;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 11.9574%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td>
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>441.6</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 9.99181%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>626.7</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 43.9803%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 6.96151%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: bottom; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: center; width: 11.9574%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9574%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td>
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.99181%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>14,302.1</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.99181%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>11,768.0</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%;"><br/></td> </tr> </tbody> </table> </div>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td style="width: 10%;">___________________</td>
<td style="width: 90%;"/> </tr> </tbody> </table>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 30px;">
<tbody>
<tr style="height: 10px;">
<td style="height: 10px; width: 5.1318%; text-align: center; vertical-align: top;" colspan="2" valign="top"><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-size: 8pt; text-indent: -24px; line-height: inherit;">(</span><span style="color: #000000; font-family: 'times new roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 8pt; line-height: inherit;"><span style="line-height: inherit;">1</span><span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">)</span></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; width: 95%; vertical-align: top;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="text-indent: -24.6px; font-family: 'Times New Roman'; line-height: inherit;">Interest rate as of December</span><span style="text-indent: -24.6px; font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="text-indent: -24.6px; font-family: 'Times New Roman'; line-height: inherit;"><span>31</span>,&#160;<span>2024</span>.</span></span></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; text-align: center; width: 5.1318%; vertical-align: top;" colspan="2" valign="top"><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-size: 8pt; text-indent: -24px; float: none; display: inline !important; line-height: inherit;">(</span><span style="color: #000000; font-family: 'times new roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 8pt; line-height: inherit;"><span style="cursor: default; line-height: inherit;">2</span><span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">)</span></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: top; width: 95%; text-align: justify;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="text-indent: -24.6px; font-family: 'Times New Roman'; line-height: inherit;">TJLP = set by the National Monetary Council, TJLP is the basic financing cost of FINEP for agreements entered into before&#160;<span>2020</span>. On December</span><span style="text-indent: -24.6px; font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="text-indent: -24.6px; font-family: 'Times New Roman'; line-height: inherit;"><span>31</span>,&#160;<span>2024</span>, TJLP was fixed at&#160;</span><span style="text-indent: -24.6px; font-family: 'Times New Roman'; line-height: inherit;"><span>7.43</span></span><span style="text-indent: -24.6px; font-family: 'Times New Roman'; line-height: inherit;">% p.a.</span></span></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; text-align: center; width: 5.1318%; vertical-align: top;" colspan="2" valign="top"><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-size: 8pt; text-indent: -24px; float: none; display: inline !important; line-height: inherit;">(</span><span style="color: #000000; font-family: 'times new roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 8pt; line-height: inherit;"><span style="cursor: default; line-height: inherit;">3</span><span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">)</span></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: top; width: 95%; text-align: justify;" valign="top"><span style="font-family: 'Times New Roman'; font-size: 8pt; text-indent: -24.6px; line-height: inherit;">Considers a protection instrument for the principal of&#160;</span><span style="font-size: 8pt; line-height: inherit;"><span>52.5</span><span style="font-family: 'Times New Roman'; font-size: 10.6667px; text-indent: -24.6px; line-height: inherit;">% of the DI and for interest DI minus&#160;</span><span>1.4</span><span style="font-family: 'Times New Roman'; font-size: 10.6667px; text-indent: -24.6px; line-height: inherit;">% for a notional amount of US$</span><span>300</span><span style="font-family: 'Times New Roman'; font-size: 10.6667px; text-indent: -24.6px; line-height: inherit;">&#160;million. Does not include the positive result of the natural hedge strategy through financial investments in US$.</span></span></td> </tr> </tbody> </table>
<div style="line-height: 1.2;">
<p style="margin:0pt"><br/></p>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>84</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For more information on the composition of debt, changes and maturity of our consolidated debt, see Note </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>15</span>.a</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to our Consolidated Financial Statements. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The transaction costs associated with our fundraising are included as part of our financial liabilities. See Note </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>15</span>.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to our Consolidated Financial Statements for more information. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar contracted hedging instruments against foreign currency exchange and interest rate variations for a portion of its indebtedness. See &#8220;Item <span>11</span>. Quantitative and Qualitative Disclosures about Market Risk&#8221; and Note </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>5</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to our Consolidated Financial Statements for more information. </span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Guarantees</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of December 31, 2024, Ultrapar had R$<span>114.5</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> in financing that had real collaterals. In addition, there were R$<span>13</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.<span>6</span> million</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (R$<span>1</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>1.0</span> million</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> as of December 31, 2023) in financing that did not have real collaterals, but had guarantees or promissory notes.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> For more information about our guarantees, see Note </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>15</span>.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">b</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to our Consolidated Financial Statements.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Relevant operations contracted in the period</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">information</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> on relevant debt operations contracted in the period, see Note </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>15</span>.c</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to our Consolidated Financial Statements.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Lease Payable</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of December 31, 2024, Ultrapar had R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>1,4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>85.2</span> billion </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of leases payable</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. For more information about our </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">leases payable</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, see Note </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>1</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.b</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to our Consolidated Financial Statements.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Capital expenditures and other investments</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The following table shows our capital expenditures and other investments, for the years ended December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>31</span>, <span>2024</span>, <span>2023</span> and <span>2022</span>: </span></p>
<div id="t_ft_VIBLUUGMO000000000000000000000b">
<table cellspacing="0" cellpadding="0" style="height: 230px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; float: left; text-indent: 0px;" width="100%">
<thead>
<tr style="height: 16px;">
<th style="padding-left: 7.2pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 16px;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" colspan="7"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">Year</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">ended</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">December</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;"><span>31</span>,</span></th>
<th style="padding-left: 7.2pt; vertical-align: middle; height: 16px;"><br/></th> </tr>
<tr style="height: 10px;">
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #ffffff; margin-left: 0.1px;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span style="line-height: inherit;">2024</span></span></th>
<th style="padding-left: 7.2pt; vertical-align: middle; height: 10px;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: middle; height: 10px;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span style="line-height: inherit;">2023</span></span></th>
<th style="padding-left: 7.2pt; vertical-align: middle; height: 10px;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: middle; height: 10px;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span style="line-height: inherit;">2022</span></span></th>
<th style="padding-left: 7.2pt; vertical-align: middle; height: 10px;"><br/></th> </tr>
<tr style="height: 15px;">
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 15px;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: middle; height: 15px;" colspan="7"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">(in millions of<span style="line-height: inherit;">&#160;</span></span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-size: 8pt; font-style: italic; line-height: inherit;">Reais</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">)</span></th>
<th style="padding-left: 7.2pt; vertical-align: middle; height: 15px;"><br/></th> </tr> </thead>
<tbody>
<tr style="height: 13px; background-color: #cceeff;">
<td style="height: 13px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 65%; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Acquisition of property, plant and equipment&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>1,540.3</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>1,012.6</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>929.2</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 13px;">
<td style="height: 13px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Acquisition of intangible assets&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>246.8</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>274.7</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>277.6</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (+) Payments of contractual assets with customers &#8211; exclusively rights&#160;</span></p> </td>
<td style="padding-left: 0px; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>429.8</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>597.8</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>710.9</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (+) Vendor<span style="font-size: 8pt; line-height: inherit;"><sup>1</sup></span></span></p> </td>
<td style="padding-left: 0px; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>151.3</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>170.2</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 13px; background-color: #cceeff;">
<td style="height: 13px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (+) Direct costs of right-of-use assets&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>48.4</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 13px;">
<td style="height: 13px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (+) Capital increase in associates and joint ventures&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>28.0</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 13px; background-color: #cceeff;">
<td style="height: 13px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (+) Initial direct costs of right of use assets&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>63.8</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>16.7</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>12.1</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 13px;">
<td style="height: 13px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (+/&#8722;) Drawdowns of financing to clients, net of receipts&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>110.2</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (<span>36.1</span> </span></p> </td>
<td style="padding: 0px 0px 1.5px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (<span>22.3</span> </span></p> </td>
<td style="padding: 0px 0px 1.5px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 13px; background-color: #cceeff;">
<td style="height: 13px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (&#8722;) Proceeds from disposal of property, plant, and equipment and intangibles&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (<span>318.0</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (<span>193.6</span> </span></p> </td>
<td style="padding: 0px 0px 1.5px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 13px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (<span>228.8</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 13px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 13px;">
<td style="height: 13px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (+) Others&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (<span>11.5</span> </span></p> </td>
<td style="padding: 0px 0px 0.5px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>106.8</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 13px; background-color: #cceeff;">
<td style="height: 13px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total capital expenditures and other investments&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2,212.8</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>1,949.2</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>1,755.4</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 13px;">
<td style="height: 13px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Ipiranga&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>1,000.7</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>1,143.0</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>1,129.9</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 13px; background-color: #cceeff;">
<td style="height: 13px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Ultragaz&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>437.2</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>411.7</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>354.5</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 13px;">
<td style="height: 13px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Ultracargo&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>677.3</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>331.8</span> </span></p> </td>
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<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>229.5</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
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<td style="height: 13px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Others&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>97.7</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>62.7</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: 10pt; margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>41.4</span> </span></p> </td>
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<td style="width: 10%;">___________________</td>
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<p style="line-height: 1.2; margin: 0pt 0pt 0pt 43pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: -19pt;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">1&#160; &#160; &#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">It considers only vendor operations used to finance prepaid bonuses. Until <span>2022</span>, it was added to the line item &#8220;Payments of contractual assets with customers &#8211; exclusively rights</span><span style="font-family: 'Times New Roman'; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#8221;</span></span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>85</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="line-height: 1.2; margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In <span>2024</span>, Ultrapar&#8217;s capital expenditures and other investments, net of divestments and receipts, totaled R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> billion, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>1</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> increase when</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> compared to <span>2023</span>, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">due to higher investments in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultragaz and Ultracargo.</span></p>
<ul>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ipiranga invested R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>1</span>,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>000</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>7</span></span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2024</span>, directed to the expansion</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">maintenance of</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Ipiranga&#8217;s service stations and franchises </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">network</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">logistics infrastructure.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Out of the total investments, R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>25</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>8.7</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million refers to additions to fixed and intangible assets and R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>63</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>1.7</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million to contractual assets with customers (exclusive rights)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and R$<span>110</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.<span>2</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million to installments from</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> financing granted to customers and rentals advance payments, net of receipts.</span> </li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultragaz invested R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>37</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in <span>2024</span>, directed mainly towards </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">equipment installed </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> new customers in the bulk segment</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, acquisition</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">s</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and replacement of bottles, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">expansion into new energies, and maintenance of existing operations</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultracargo invested R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>677</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2024</span>, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">allocated mainly to the</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> construction and expansion projects at the Palmeirante, Opla, Itaqui, Santos, and Rondon&#243;polis terminals, as well as concession payments for Vila do Conde and Itaqui, in addition to investments to enhance efficiency, maintenance, and operational safety at the terminals.</span></li> </ul>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&#8217;s investment plan for </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2025</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> totals R$<span>2</span>.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>5</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> billion (net of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">divestments</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> includes</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> fi</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">nancing to clients, net of receipts</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">). The approved limit for investments in expansion is </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>14</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% higher than in <span>2024</span> and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">prioritizes</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> investment for the <span>three</span> main businesses.</span></p>
<ul>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ipiranga is planning to invest R$<span>1</span>,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>66</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>5</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million, of which R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>688</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>5</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">are expected to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">be invested in the expansion of its operations and R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>67</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>7</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>5</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in maintenance and other investments in upkeep. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Investments in expansion of Ipiranga</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">are expected to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">be </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">mainly directed </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">on the branding of service stations, the expansion of the logistics infrastructure, and the TRR</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">s</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultragaz is planning to invest R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>480</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>5</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million, R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>267</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>1</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million of which </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">are expected to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">be invested in the expansion of its operations and R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>213</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in maintenance and other investments in upkeep. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">on capturing new customers in the bulk segment, expanding new energies and infrastructure. </span></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultracargo is planning to invest R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>672</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>6</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million, of which R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>556</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>8</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">are expected to</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> be invested in the expansion of its operations and R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>115</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.<span>8</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million in maintenance and other investments in upkeep. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">on concluding the increase in installed capacity at Santos (SP), Palmeirante (TO), and Rondon&#243;polis (MT), the Opla railway branch, and the ongoing expansion in Itaqui (MA). Additionally, the plan considers the start of expansion in Suape (PE), with <span>40,000</span> m<span>3</span> increase in installed capacity, expected to be completed in <span>2026</span>. </span></li> </ul>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt 10pt 17.85pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The portion</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> focused </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">on</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> m</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">aintenance</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> for the <span>three</span> main</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> businesses</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> will be </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">directed</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to the sustaining of the business, and include investments in assets&#8217; maintenance, safety, revitalization of services station, and acquisition of bottles. Additionally, Ipiranga will invest in its technology platform for ERP and satellite systems, with productivity and efficiency gains.</span></p> </div>
<div style="line-height: 1.2;">
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">C. Research and development, trademarks and patents </span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Research and development</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our main research and development activities for the last <span>three</span> years are concentrated in the following actions: </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In <span>2022</span>, Ipiranga restructured its research and development department with the goal of building a portfolio of high-quality products and solutions that are valued and recognized by the market, aligned with Ipiranga&#8217;s differentiation strategy.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In the first semester of <span>2023</span>, the Research and Development (R&amp;D) department successfully concluded the development project of the Ipimax product line. This initiative targeted to improve the performance and quality of Ipiranga&#8217;s fuel products. To achieve these goals, Ipiranga conducted rigorous tests in both laboratory settings and real-world conditions, with the collaboration of strategic partners, all conceived by its R&amp;D team. These efforts resulted in the creation of products that are gaining recognition in the market, consequently enriching the portfolio with a variety of fuels. In the second semester of <span>2023</span>, Ipiranga expanded its innovative initiatives to the B<span>2</span>B business segment by introducing the Ipimax Diesel R<span>5</span>, a product containing <span>5</span>% green diesel.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In <span>2024</span>, just a year after the launch of the Ipimax product line, Ipiranga reaffirmed its position in the market. Supported by our extensive gas station network, this milestone highlighted the strength of our differentiation strategy and reinforced our commitment to delivering high-quality products that enhance performance and efficiency for our customers.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Iconic launched the new Iconic Technology Center (CTIC) at its Duque de Caxias plant, a milestone that consolidates its leadership in innovation and development. The center integrates product and packaging quality control, technical services, advanced customer analyses, and research and development in a single environment.</span></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultragaz carried out a wide range of research and development activities, mainly related to new applications and services for LPG, internet of things and artificial intelligence applied to LPG metering</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultragaz has also expanded LPG uses portfolio to agribusiness, with a solution to increase the efficiency in grain and seed drying.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In January 2024, Ultragaz, in partnership with Refinaria Riograndense, began distributing bioLPG to its customers, a renewable liquefied gas produced from soybean oil. This initiative reinforces the company's commitment to sustainability by offering an alternative with a lower environmental impact compared to traditional LPG.</span></p>
<p style="margin: 10pt 0pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Trademarks and patents </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ipiranga and its subsidiaries own registrations for the trademarks used in its distribution business, such as Ipiranga, AmPm, Jet Oil, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">KMV, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Clube</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> VIP Ipiranga, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Clube do Milh&#227;o</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Ipiranga, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Posto </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>24</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"> horas</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, Atlantic, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Gasolina Original</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Ipiranga, AmPm </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Esta&#231;&#227;o</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, among several others. The <span>10</span>-year period of validity of the registrations for these trademarks will expire between <span>202</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>5</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and <span>203</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>5</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Other subsidiaries also own registrations and applications for its main trademarks, such as (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultragaz, Ultragaz Ultrasystem and Brasilg&#225;s trademarks for the activities of Ultragaz, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultracargo and Ultradata for the activities of Ultracargo. The <span>10</span>-year period of validity of the registrations for these trademarks will expire between <span>202</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>5</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and <span>203</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>5</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span></p> </div>
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<p style="margin: 10pt 0pt 10pt 24.5pt; break-after: avoid; text-align: justify; text-indent: -24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">D. Trend information</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 28.35pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We believe that the following significant market trends are the most important trends affecting our results of operations, and we believe this will continue to have a material impact on our results of operations in the future.</span></p>
<p style="margin: 10pt 0pt 10pt 24.5pt; break-after: avoid; text-align: justify; text-indent: -24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">LPG business </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">LPG bulk sales are correlated to economic growth. Thus, an acceleration or deceleration in Brazilian GDP growth can affect our sales volume, since the segment represented <span>3</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>6</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% of the volume sold by Ultragaz in <span>202</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Bottled LPG is an essential good for Brazilian population and, therefore, it has a relatively low correlation with economic performance.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Any sharp fluctuation in LPG prices charged to LPG distributors can have an impact on Ultragaz&#8217;s results if it is unable to maintain its operational margins or sales volume. For more information on LPG prices see &#8220;Item <span>4</span>.B. Information on the Company&#8212;Business Overview&#8212;Industry and regulatory overview&#8212;A. Distribution of LPG&#8212;Ultragaz&#8212;Prices of LPG.&#8221;</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Liquid bulk storage business </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The liquid bulk storage business is significantly influenced by market dynamics that affect supply and demand of the products which are being stored and/or handled, in addition to</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the increasing demand for efficient and cost-effective logistics solutions. </span></p>
<p style="margin: 12pt 0pt 5pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">According to ABTL, i</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">n <span>2024</span>, the liquid bulk storage sector in independent terminals showed a growth of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% compared to the previous year, mainly driven by fuel handling, which grew by </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>6</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%. Fuels accounted for </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>61</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% of the sector&#8217;s movement.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A key factor that influences the liquid bulk storage business in the case of fuels is the disparity between domestic and international prices. When there is a favorable arbitrage window, players may prefer to import a larger portion of their volume instead of seeking domestic suppliers, which may lead to a need for third-party storage solutions should their in-house capacity be insufficient.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">According to ANP,</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">s</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">everal factors contributed to the year&#8217;s result:</span></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 8.4pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Consumption of diesel and gasoline in Brazil </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">drop</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> by </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>1</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%;</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 8.4pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A lower participation of Petrobras in imports (</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>23</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% in <span>202</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> vs. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>31</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% in <span>202</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">); and</span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt 8.4pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The development of new supply sources of imported derivatives.</span></li> </ul>
<p style="margin: 12pt 0pt 5pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The biofuel market in Brazil also stood out:</span></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 8.4pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ethanol consumption in Brazil grew </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>17</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% and exports </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">decreased </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>24</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% in <span>202</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">; and</span></li>
<li style="font-family: Symbol; font-size: 11pt; line-height: 1.2; margin: -1pt 0pt 0pt 8.86pt; padding-left: 7.79pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A growth of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>22</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% in biodiesel consumption.</span></li> </ul>
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<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Fuel distribution business </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Due to its essential nature for Brazilian society and economy, the demand for fuels presents a relatively low sensitivity to prices. Therefore, the supply dynamics have been the primary determinant of the competitive environment, price conditions, and consequently, the operational margin of the segment in the short term.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Since the end of <span>2021</span>, Petrobras announced that it would cease to guarantee the supply of fuels to the Brazilian market. As a result, fuel distribution companies were required to purchase part of their fuel needs in the international market. Given that the production of oil-derivatives by local refineries is not very volatile, the main supply lever in the sector in the short term has been the import of fuels, primarily diesel. The main indicator guiding the level of diesel imports is the prices set by Petrobras. When Petrobras prices are higher than the import parity price, the level of imports tends to rise, and vice versa.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In <span>2023</span>, due to the sanctions imposed by the European Union and G<span>7</span> countries on Russia, and its search for alternative destinations to channel its production of oil-derivatives, Russia began offering them at competitive prices, becoming the main supplier of diesel to Brazil, surpassing the United States. In <span>2024</span>, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> flow of Russian oil derivatives to Brazil and other Latin American countries</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> became increasingly consolidated</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Russia remained the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">primary </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">supplier of diesel to Brazil </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">while notable volumes</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of gasoline and naphtha imports also emerged</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the market </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">mature</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">s</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> range of</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> originators of Russian products in Brazil </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">diversified, paralleling the expansion of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Russia's export destinations </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">which</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> now include</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> significant volumes to Africa and Asia. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Add</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">itionally</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> outages </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">resulting from </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">attacks on the Russian refining park contributed to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a reduction in</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> supply </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">during</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> second half of <span>2024</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">leading to smaller</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">price discounts </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">compare</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">d</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2023</span>.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For an in-depth discussion on the supply and demand dynamics for the fuel distribution segment, see &#8220;Item <span>4</span>.B. Information on the Company&#8212;Business overview&#8212;Fuel distribution.&#8221;</span></p> </div>
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<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">E. Critical accounting estimates</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The preparation of the Company&#8217;s consolidated financial statements requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, revenues, and expenses at the end of the reporting period. Actual results may differ from these estimates. Therefore, the Company and its subsidiaries&#8217; management use the best information available at the date of the preparation of financial statements, as well as the experience of past and current events, also considering assumptions regarding future events. The estimates and underlying assumptions are reviewed on an ongoing basis and changes are recognized in the period in which the estimates are revised and in any future periods affected. Our financial statements are presented in IFRS as issued by the IASB. For summary information, see Note <span>2</span> to our consolidated financial statements.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The following accounting estimates were applied by management in <span>2024</span> and were considered critical:</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Impairment of assets</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries review the existence of indications of impairment of assets on a quarterly basis. For intangible assets with an indefinite useful life the review is done annually or more frequently when there is an indication that such assets might be impaired. If there is an indication of impairment, the Company and its subsidiaries estimate the recoverable amount of the asset. Assets that cannot be evaluated individually are grouped in the smallest group of assets that generate cash inflow from continuous use and that are largely independent of cash flows of other assets (cash generating units &#8220;CGU&#8221;). The identified CGUs for the evaluation of impairment are similar to reported segments in financial statements. The recoverable amount of assets or CGUs corresponds to the greater of their fair value net of applicable direct selling expenses and their value in use.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The fair value less costs to sell is determined by the price that would be received to sell an asset in an orderly transaction between market participants at the measurement date, net of costs of removing the asset, and direct incremental costs to bring an asset into condition for its sale, legal costs, and taxes.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">To assess the value in use, the projections of future cash flows, trends, and outlooks, as well as the effects of obsolescence, demand, competition, and other economic factors were considered. Such cash flows are discounted to their present values using the discount rate before tax that reflects market conditions for the period of impairment testing and the specific risks of the asset or CGU being evaluated. In cases where the expected discounted future cash flows are less than their carrying amount, an impairment loss is recognized for the amount by which the carrying amount exceeds the fair value of these assets in profit or loss. In case goodwill has been allocated to a CGU, the recognized losses are first allocated to reduce the corresponding goodwill. If the goodwill is not enough to absorb such losses, the surplus is allocated to the assets on a pro-rata basis. An impairment of goodwill cannot be<span style="line-height: inherit;">&#160;</span>reversed. For other assets, impairment losses are reversed only to the extent that the asset's carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if the impairment had not been recognized.</span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>88</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For more details about the judgments, uncertainties related to the assumptions and estimates, and the management analysis of impacts on the financial statements, see Notes <span>2</span>.c.<span>2</span>, <span>2</span>.d and <span>14</span>.a to our Consolidated Financial Statements.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Recognition of tax credits</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The accounting policy applied by the Company considers relevant estimates and judgments for the tax credits recognition and for estimating its recovery. The tax credits are recorded only when management has elements that guarantee (i) that the credit is a legal right; (ii) the amount could be estimated with sufficient reliability to enable it to be compensated or refunded; and (iii) the amounts are recoverable through either offsetting with other tax credits or a tax refund. In cases where the recovery of the asset is not probable, or the amount cannot be reliably measured, the amounts are not recognized, neither is a provision recorded.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For more details about the judgments, uncertainties related to the assumptions and estimates, and the management analysis of impacts on the financial statements, see Notes <span>2</span>.c.<span>2</span> and <span>7</span>.a to our Consolidated Financial Statements.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Provisions for tax, civil, and labor risks</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A provision for tax, civil and labor risks is recognized when there is a present obligation as a result of a past event, it is probable that a disbursement will be required to settle the obligation, and the amount can be reliably estimated, based on the opinion of management and internal and external legal advisors, and the amounts are recognized based on estimates of the outcomes of the legal proceedings. The provision is recorded as an expense for the year. The update of this obligation is made according to the development of the legal proceeding or financial charges incurred and may be reversed if the loss estimate is no longer considered probable due to changes in circumstances, or when the obligation is settled. Contingent assets are disclosed when the associated economic benefits are probable and are only recognized in the financial statements in the period in which their realization is considered certain and their amount can be reliably measured.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For more details about the judgments, uncertainties related to the assumptions and estimates, and the management analyzes of impacts on the financial statements, see Notes <span>2</span>.c.<span>2</span> and <span>18</span> to our Consolidated Financial Statements.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Realization of deferred tax assets</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In order to evaluate the realization of deferred tax assets, we consider the taxable income projections from the business plans of each segment of the Company, which indicate trends and perspectives, demand effects, competition and other economic factors, and represent the management&#8217;s best estimate about the economic conditions which existed during the period of realization that the deferred tax asset was taken into account. The main key assumptions used to calculate the realization of deferred tax assets are: growth in GDP, exchange rate, basic interest rate (SELIC) and DI, inflation rate, commodity price index, among others.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For more details about the judgments, uncertainties related to the assumptions and estimates, and the management analyzes of impacts on the financial statements, see Notes <span>2</span>.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">c</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.<span>2</span> and <span>9</span> to our Consolidated Financial Statements.</span></p>
<p style="margin: 10pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0pt; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; break-after: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Business combinations and acquisition of interest in joint-ventures and associates</span></p>
<p style="margin: 10pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; break-after: avoid; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A business combination is accounted for applying the acquisition method. The cost of the acquisition is measured based on the consideration transferred and to be transferred, measured at fair value at the acquisition date. In a business combination, the assets acquired, and liabilities assumed are measured in order to classify and allocate them according to the contractual terms, economic circumstances and relevant conditions at the acquisition date. The non-controlling interest in the acquired company is measured based on its interest in net assets identified in the acquired company. Goodwill is measured as the excess of the consideration transferred and to be transferred over the fair value of net assets acquired (identifiable assets and liabilities assumed, net). After the initial recognition, goodwill is measured at cost less than any accumulated impairment losses. For impairment testing purposes, goodwill is allocated to the respective Company&#8217;s operating segments. When the cost of the acquisition is lower than the<span style="line-height: inherit;">&#160;</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">fair value of net assets acquired, a gain is recognized directly in the statement of income. Costs related to the acquisitions are recorded in the statement of income when incurred.</span></p>
<p style="margin: 10pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; break-after: avoid; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For more information about our critical accounting estimates, see Note<span style="line-height: inherit;">&#160;</span><span>2</span>.c.<span>2</span><span style="line-height: inherit;">&#160;</span>and<span style="line-height: inherit;">&#160;</span><span>2</span><span>7</span><span style="line-height: inherit;">&#160;</span>to our Consolidated Financial Statements.&#160;</span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>89</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> <a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" class="customBookmark"></a></div>
<div style="margin: 10pt 0pt 0pt; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BS3_183202533845769" class="customBookmark"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">ITEM&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"><span>6</span>.&#160; &#160; &#160; &#160; &#160;&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES</span></a></div>
<p style="margin: 10pt 0pt 10pt 24.5pt; break-after: avoid; text-align: justify; text-indent: -24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">A.&#160; &#160; &#160; </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Directors and senior management </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The following table lists the members of our Board of Directors and senior management as of the date of this annual report:</span><span style="font-family: 'Times New Roman'; font-size: 12pt; line-height: inherit;">&#160;</span></p>
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<p style="font-size: 8pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Name</span> </p> </th>
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<p style="font-size: 8pt; line-height: 1.2; margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Position</span> </p> </th>
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<p style="font-size: 11pt; line-height: 1; margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Years</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">with</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">the</span> <br/> <span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Company</span> </p> </th>
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<p style="font-size: 8pt; line-height: 1.2; margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Age</span> </p> </th> </tr> </thead>
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<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Board of Directors </span></p> </td>
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<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
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<td style="padding-left: 0px; height: 14px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%;" valign="bottom">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td> </tr>
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<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Marcos Marinho Lutz </span><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">(<span style="border-left: none; border-right: none; line-height: inherit;">1</span>)</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Chairman </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>14</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>55</span> </span></p> </td> </tr>
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<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Jorge Marques de Toledo Camargo </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Vice-Chairman </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>10</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>70</span> </span></p> </td> </tr>
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<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Fabio Venturelli </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Director </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>2</span> </span></p> </td>
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<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>59</span> </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Fl&#225;via Buarque de Almeida </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Director </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>6</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>57</span> </span></p> </td> </tr>
<tr style="height: 12px;">
<td style="vertical-align: top; height: 12px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Francisco de S&#225; Neto </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 12px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 12px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Director </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 12px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 12px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>2</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 12px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 12px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>59</span> </span></p> </td> </tr>
<tr style="height: 21px; background-color: #cceeff;">
<td style="vertical-align: top; height: 21px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Jos&#233; Mauricio Pereira Coelho </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 21px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 21px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Director </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 21px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 21px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>10</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 21px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 21px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>58</span> </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Marcelo Faria de Lima&#160;&#160;&#160;&#160;&#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Director </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>2</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>63</span> </span></p> </td> </tr>
<tr style="height: 13px; background-color: #cceeff;">
<td style="vertical-align: top; height: 13px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Peter Paul Loren&#231;o Estermann </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Director </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>2</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 13px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>67</span> </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">V&#226;nia Maria Lima Neves </span><span style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit; font-size: 8pt;">(<span style="border-left: none; border-right: none; line-height: inherit;">2</span>)</span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Director </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>0</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>59</span> </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Executive Officers </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Rodrigo de Almeida Pizzinatto </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Chief Executive Officer </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>25</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>48</span> </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Alexandre Mendes Palhares </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Chief Financial and Investor Officer </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>0</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>39</span> </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Bernardo Sacic </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Officer </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>0</span> </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 10px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>51</span> </span></p> </td> </tr>
<tr style="height: 21px; background-color: #cceeff;">
<td style="vertical-align: top; height: 21px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Manuella Carvalho Campos de Oliveira </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 21px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 21px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Officer </span></p> </td>
<td style="padding-left: 0px; vertical-align: top; height: 21px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; vertical-align: top; height: 21px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>1</span> </span></p> </td>
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<td style="width: 10%; height: 15px;">___________________</td>
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<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 5%; text-align: center; vertical-align: top; height: 27px;" valign="top"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">(</span><span style="color: #000000; font-family: 'times new roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;"><span style="cursor: default; line-height: inherit;">1</span><span style="font-family: 'Times New Roman'; text-indent: -24px; line-height: inherit;">)</span></span></span></td>
<td style="padding: 1px 0px 0px; margin: 0px; text-indent: 0px; width: 95%; vertical-align: top; text-align: justify; height: 27px;" valign="top"><span style="font-size: 8pt; text-indent: -25px; font-family: 'Times New Roman'; line-height: inherit;">Mr. Lutz was</span><span style="font-size: 8pt; text-indent: -25px; font-family: 'Times New Roman'; line-height: inherit;">&#160;elected as Chairman of the Board of Directors of the Company by the Board of Directors at the meeting held on April&#160;</span><span style="font-size: 8pt; text-indent: -25px; font-family: 'Times New Roman'; line-height: inherit;">16,&#160;</span><span style="font-size: 8pt; text-indent: -25px; font-family: 'Times New Roman'; line-height: inherit;"><span>2025</span>. Previously, he</span><span style="font-size: 8pt; text-indent: -25px; font-family: 'Times New Roman'; line-height: inherit;">&#160;was re-elected as Chief Executive Officer of Ultrapar and was elected as the Vice-Chairman of the Board of Directors of the Company at the&#160;</span><span style="font-size: 8pt; text-indent: -25px; font-family: 'Times New Roman'; line-height: inherit;">Board of Directors&#8217; meeting held&#160;</span><span style="font-size: 8pt; text-indent: -25px; font-family: 'Times New Roman'; line-height: inherit;">in April 2023. Mr. Lutz was</span><span style="font-size: 8pt; text-indent: -25px; font-family: 'Times New Roman'; line-height: inherit;">&#160;also</span><span style="font-size: 8pt; text-indent: -25px; font-family: 'Times New Roman'; line-height: inherit;">&#160;a member of the Board of Directors until December 2021 and took office as Chief Executive Office in January 2022</span><span style="font-size: 8pt; text-indent: -25px; font-family: 'Times New Roman'; line-height: inherit;">&#160;and&#160;</span><span style="font-size: 8pt; text-indent: -25px; font-family: 'Times New Roman'; line-height: inherit;">served as Ultracargo&#8217;s Officer from&#160;<span>2001</span>&#160;to&#160;<span>2003</span>&#160;and held different positions at Ultracargo from&#160;<span>1994</span>&#160;to&#160;<span>1999</span>.</span></td> </tr>
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<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; text-align: center; vertical-align: top; height: 10px;" valign="top"><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-size: 8pt; text-indent: -24px; float: none; display: inline !important; line-height: inherit;">(</span><span style="color: #000000; font-family: 'times new roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 8pt; line-height: inherit;"><span style="cursor: default; line-height: inherit;">2</span><span style="color: #000000; font-family: 'Times New Roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">)</span></span></td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top; height: 10px;" valign="top"><span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-variant-emoji: normal; text-align: justify; text-indent: -25px; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&#160;</span><span style="font-size: 8pt; text-align: justify; text-indent: -25px; font-family: 'Times New Roman'; line-height: inherit;">Member of the Board of Directors elected for their first term at the Annual and Extraordinary General Shareholders&#8217; Meeting held on April&#160;</span><span style="font-size: 8pt; text-align: justify; text-indent: -25px; font-family: 'Times New Roman'; line-height: inherit;">16,&#160;</span><span style="font-size: 8pt; text-align: justify; text-indent: -25px; font-family: 'Times New Roman'; line-height: inherit;"><span>202</span></span><span style="font-size: 8pt; text-align: justify; text-indent: -25px; font-family: 'Times New Roman'; line-height: inherit;"><span>5</span></span><span style="font-size: 8pt; text-align: justify; text-indent: -25px; font-family: 'Times New Roman'; line-height: inherit;">.</span></td> </tr> </tbody> </table>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In <span>2024</span>, Ultrapar announced a new governance model for its <span>three</span> main businesses</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (Ipiranga, Ultragaz and Ultracargo)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">with the management </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">each such business henceforth reporting to its own Board of Directors. The holding structure consolidates the businesses and acts as a portfolio manager with a focus on long-term value generation across these businesses. As a result of such new governance model, the structure of Ultrapar&#8217;s senior management changed. Previously, Ultrapar&#8217;s executive officers comprised, among others, (i) the CEO and CFO of Ultrapar, and in addition (ii) the CEOs of each of Ultrapar&#8217;s main businesses (Ipiranga, Ultragaz and Ultracargo). Following the implementation of the new governance model, Ultrapar&#8217;s senior management is now comprised only of its CEO, CFO and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">officers without </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">specific </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">designation</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, with the executive officers of Ipiranga, Ultragaz and Ultracargo operating directly and only at the level of such businesses.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> December 2024, Ultrapar </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">initiated</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the transition process for </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">its </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Chief Executive Officer </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">position</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. The Board of Directors </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">announced</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> that Marcos Marinho Lutz </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">was</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">appointed </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">by management</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">join</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the slate </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and the position of Chairman of the Board of Directors</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, to which he was </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">elect</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ed</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> at the Company&#8217;s Annual General Meeting on April </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">16, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2025</span> and to&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">subsequently transition to</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Executive Chairman. Mr. Lutz also serves as Chairman </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of the Board of Directors of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&#8217;s </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">key </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">businesses</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">including </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ipiranga, Ultragaz, Ultracargo, and Hidrovias</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Following the</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> transition process, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">as of April </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">16, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2025</span>, the</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Board </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">elected</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Rodrigo de Almeida Pizzinatto</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">as</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Chief Executive Officer and</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Alexandre Pa</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">lhares as </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Chief Financial and Investor Relations</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Summarized below is information regarding the business experience, areas of experience and principal outside business interest of the current members of our Board of Directors and our senior management.</span></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div>
<div style="line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&#160;&#160;</span></div>
<div style="line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Board of Directors</span>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Marcos Marinho Lutz</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Mr. Lutz joined Ultrapar in April 2021 as a member of the Board of Directors and, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">from</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> January 2022</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to April 2025</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, held the position of Chief Executive Officer of Ultrapar. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">From</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> April 2023</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to April 2025</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, Mr. Lutz </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">was </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the Vice-Chairman of Ultrapar&#8217;s Board of Directors and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">has been </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a member of the People and Sustainability Committee</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> since <span>2023</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">April 2025, Mr. Lutz is the Chairman of the</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Board of Directors of the Company.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">He also holds a position as Director of Ultra S.A. since <span>2021</span></span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and as the Chairman of the Board of Directors of Hidrovias do Brasil S.A. since June 2024</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and of Ipiranga, Ultragaz and Ultracargo since January 2025</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Mr. Lutz has been a member of the Board of Directors of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Itau Unibanco S.A. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">since <span>202</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>5</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and of Corteva Agriscience since <span>2019</span>. He also served as a member of the Board of Directors of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Votorantim S.A. from <span>2020</span> to <span>2025</span>, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Rumo Log&#237;stica S.A. from <span>2008</span> to <span>2020</span>, and as the Chairman in <span>2020</span>. Mr. Lutz was a member of the Board of Directors of Comg&#225;s S.A. from <span>2018</span> to <span>2020</span>, of Ra&#237;zen from <span>2013</span> to <span>2020</span>, of Moove S.A. from <span>2008</span> to <span>2020</span> and of Monsanto S.A. from <span>2014</span> to <span>2018</span>. Mr. Lutz was Chairman of the Infrastructure Council of FIESP (</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Federa&#231;&#227;o das Ind&#250;strias do Estado de S&#227;o Paulo</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">) from <span>2015</span> to <span>2021</span> and Chief Executive Officer of Cosan from <span>2009</span> to <span>2020</span>. He graduated as a naval engineer from the University of S&#227;o Paulo and holds an MBA in marketing, operations and logistics from the Kellogg School of Management.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Jorge Marques de Toledo Camargo</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Mr. Camargo joined Ultrapar in April 2015 as a member of the Board of Directors</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, serving</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> as Vice-Chairman since </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">April </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2025, and served as a Chairman fro</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">m</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;<span>202</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>3</span> to <span>2025</span>.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">He</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> has been a member </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of the Audit and Risks Committee from <span>2021</span> to <span>2023</span>, and since April&#160;<span>2025</span>, and a member of the Investments Committee from <span>2019</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to <span>2025</span> (serving as its coordinator from <span>2023</span> to <span>2025</span>).</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Mr Camargo also</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> has been member of the Board of Directors of Ultracargo since January 2025. Mr. Camargo has been member of the Board of Directors and coordinator of the People, Sustainability and Governance Committee at Vast Infraestrutura S.A. since <span>2020</span>. He has also been member of the Board of Directors, Strategy Committee and coordinator of the People, Integrity and Sustainability Committee of Prumo Log&#237;stica S.A. since <span>2014</span> and was also a member of the Board of Trustees of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Centro Brasileiro de Rela&#231;&#245;es Internacionais </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(CEBRI) until <span>2023</span>. Mr. Camargo served as President of IBP from <span>2015</span> to <span>2018</span> and was a member of its Board of Directors from <span>2010</span> to <span>2023</span>. He was also a senior advisor at McKinsey &amp; Comp., Inc. from <span>2012</span> to <span>2019</span>. Mr. Camargo was a member of the Board of Directors of Odebrecht from <span>2018</span> to <span>2019</span>, and a member of Nexans&#8217; Strategic Advisory Board from <span>2014</span> to <span>2018</span>. In addition, Mr. Camargo worked for Equinor as Senior Vice-President from <span>2003</span> to <span>2004</span> and was the President of Equinor Brasil from <span>2005</span> to <span>2009</span>. He worked for Petrobras for <span>26</span> years, including as an Executive Officer responsible for the international area. He graduated in geology from the University of Brasilia and obtained a master&#8217;s degree in geophysics from the University of Texas.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit; font-weight: bold;">Fabio Venturelli. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Mr. Venturelli joined Ultrapar in April 2023 as a member of the Board of Directors and the Investments Committee. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Since</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> January 2025, Mr. Venturelli acts as member of the Board of Director </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of Ultracargo.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of the date of this annual report,</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Mr. Venturelli serves as Chief Executive Officer at S&#227;o Martinho S.A., S&#227;o Martinho Terras Imobili&#225;rias S.A.,</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Bioenerg&#233;tica S&#227;o Martinho S.A., S&#227;o Martinho Inova S.A., Bioenerg&#233;tica Santa Cruz S.A., S&#227;o Martinho Log&#237;stica e Participa&#231;&#245;es S.A., S&#227;o Martinho Terras Agr&#237;colas S.A., Bioenerg&#233;tica Boa Vista S.A., Bioenerg&#233;tica S&#227;o Martinho S.A., and Biometano Santa Cruz Ltda. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Mr. Venturelli has also been a member of the Board of Directors of CTC Centro de Tecnologia Canavieira S.A. since <span>201</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>5</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, a member of the Related Party Committee </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">since <span>2021</span> </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and the Coordinator of the IPO Committee since <span>2023</span>. He served as a member of the Board of Directors at Braskem from <span>2018</span> to <span>2020</span>. Mr. Venturelli graduated in production engineering from the University of S&#227;o Paulo and has executive education from the Insead of Fontainebleau at France.</span></p>
<p style="margin: 5pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Fl&#225;via Buarque de Almeida</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Ms. Buarque de Almeida joined Ultrapar in April 2019 as a member of the Board of Directors and was a member of the Investments Committee until <span>2023</span>. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of the date of this annual report</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, she serves as the coordinator of Ultrapar&#8217;s People and Sustainability Committee and is a member of its Conduct Committee</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and as a member of the Board of Director of Ipiranga since January 2025</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. She has been a partner, member of the Board of Directors and Chief Executive Officer at Pen&#237;nsula Capital S.A. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">from </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2015</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> until <span>2025</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Ms. Buarque de Almeida has been member of the Board of Directors of O<span>3</span> Gest&#227;o de Recursos Ltda </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">from</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> <span>2021</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> until <span>2024</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. She has also been a member of the Board of Directors of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Groupe Carrefour since <span>2017</span> and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Atacad&#227;o S.A. since <span>20</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>22</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Ms. Buarque de Almeida was a member of the Board of Directors of BRF S.A. from <span>2017</span> to <span>2022</span> and served as Officer at GAEC Educa&#231;&#227;o S.A. from <span>2014</span> to <span>2018</span>. She graduated in business administration from the FGV and holds an MBA from the Harvard Business School, in addition to extension courses from the Kellogg Graduate School of Management (Northwestern University), Insead and Harvard.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Francisco de S&#225; Neto. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Mr. Neto joined Ultrapar in April 2023 as a member of the Board of Directors and the People and Sustainability Committee. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of the date of this annual report</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, he is also a member of the Board of Directors </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of Ultragaz since January 2025, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">at Votorantim Cimentos S.A. and has been a partner at E<span>2</span>F Participa&#231;&#245;es S.A. since <span>2018</span>. He graduated in civil engineering from the Federal University of Bahia and obtained a master&#8217;s degree in finance and organizational behavior from the University of California of Berkeley.</span></p>
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<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Jos&#233; Mauricio Pereira Coelho. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Mr. Coelho joined Ultrapar in April 2015 as a member of the Board of Directors and, since <span>2019</span>, he has been a member of the Audit and Risks Committee, where he has served as coordinator since <span>2023</span>. Currently, he is also a member of the Risks and Compliance Committee of Banco Santander. He was the Chairman of the Board of Directors of Vale </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">S.A, a position he held from <span>2019</span> to <span>2021</span>, Chief Executive Officer of Previ (</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Caixa de Previd&#234;ncia dos Funcion&#225;rios do Banco do Brasil</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">) from <span>2018</span> to <span>2021</span> and Chairman of the Deliberative Council of ABRAPP (</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Associa&#231;&#227;o Brasileira das Entidades Fechadas de Previd&#234;ncia Complementar</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">) from <span>2018</span> to <span>2021</span>. He was also a member of the Board of Directors from <span>2015</span> to <span>2018</span> and Chief Executive Officer from <span>2017</span> to <span>2018</span> of BB Seguridade Participa&#231;&#245;es. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Mr. Coelho served as a member of the Board of Directors of Instituto Brasileiro de Resseguros from <span>2017</span> to <span>2019</span>, Confedera&#231;&#227;o Nacional das Empresas de Seguros Gerais, Mapfre BB SH<span>2</span> Participa&#231;&#245;es S.A., BB Mapfre SH<span>1</span> Participa&#231;&#245;es S.A. and Brasilprev Seguros e Previd&#234;ncia S.A. from <span>2017</span> to <span>2018</span>. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">He obtained a degree in accounting from the Unigranrio University in Rio de Janeiro and an MBA in finance and capital markets, with specialization in corporate governance from the FGV in Rio de Janeiro.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Marcelo Faria de Lima.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Mr. Lima joined Ultrapar in April 2023 as a member of the Board of Directors and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">is the coordinator of the Investments Committee since </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">April </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2025. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">He was a member of the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Audit and Risks Committee</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> from <span>2023</span> to <span>2025</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">From January 2025, he is also member of the Board of Director of Ultragaz.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> He has also served as the Chairman of the Board of Directors of Kilmasan Klima Sanayl ve Ticaret AS since <span>2009</span>, of Metalfrio Solutions S.A. since <span>2004</span> and of Veste S.A. Estilo since <span>2008</span>. He received a degree in economics from the Pontifical Catholic University of Rio de Janeiro.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Peter Paul Loren&#231;o Estermann. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Mr. Estermann joined Ultrapar in April 2023 as a member of the Board of Directors and the Investments Committee. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Since</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> January 2025, he is also </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a member</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> of the Board of Directors of Ipiranga. From <span>2021</span> to <span>2024</span>, he was</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> a partner and Chief of Portfolio Management at P&#225;tria Investimentos. Mr. Estermann was Chief Executive Officer of Grupo P&#227;o de A&#231;&#250;car from <span>2018</span> to <span>2020</span> and of Via Varejo S.A. from <span>2015</span> to <span>2018</span>. Mr. Estermann graduated in agronomy engineering from the Federal University of Lavras and has a post-graduate degree from the Harvard Business School.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">V&#226;nia Maria Lima Neves.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Ms. Neves joined Ultrapar Participa&#231;&#245;es as </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">m</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ember </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of the Board of Directors </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">April 2025</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, also serving as a member of the Audit and Risks Committee</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Ms. Neves </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">has been an independent member</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> of the Board of Directors of Grupo Carrefour Brasil since <span>2022</span>, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">member of the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Board of Director</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">s</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> of Instituto Pacto Contra a Fome since <span>2023</span> and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">member of the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Board Advisory of Rede Mulheres Empreendedoras (RME) &amp; Instituto Rede Mulheres Empreendedoras (IRME), Brazil since <span>2022</span>. Ms. Neves served as Chief Technology Officer, from <span>2021</span> to <span>2023</span>, and Global Business Solutions Director, from <span>2023</span> to <span>2025</span>, at Vale. Also, Ms. Neves served as Brazil Applications Manager, LATAM Back-Office Applications Manager, IT Director, Brazil &amp; Southern Cone, IT Director, Brazil, Pharma &amp; Consumer, Innovation Program Lead, Brazil, CIO/IT Director, Brazil and CIO/IT Director Cluster BRA, MEX &amp; ARG at Glaxosmithkline (GSK), from <span>2015</span> to <span>2020</span>. V&#226;nia Neves graduated in Mathematics from Universidade Federal Fluminense, has post-graduation in System Analysis from PUC Rio and Telecom Management from FGV Rio and Master of Business Administration from PUC Rio. Also, Ms. Neves has certification in - International Program Management - NASA KS</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Center,FL, Executive Program, Singularity University, CA, US, Silicon Valley Executive Mission Startse, CA, US, Preparation for boards of directors - Conselheira<span>101</span> /<span>2021</span> IBGC, Cybersecurity for Managers Playbook &#8211; MIT, Diversity in Board Program PDeC/IBGC and &#8211; Doing Business in changing China Cheung Kong Graduate School of Business</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(CKGBS), Pequim &amp; Shangai.&#160;</span></p>
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<p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Executive Officers </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Rodrigo de Almeida Pizzinatto. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Mr. Pizzinatto joined Ultrapar in <span>1999</span> as an intern and, since then, he has worked in different areas of the Company, including treasury, M&amp;A, corporate planning, and investor relations. From <span>2012</span> to <span>2014</span>, Mr. Pizzinatto was Ultrapar&#8217;s officer of M&amp;A, Corporate Planning, and Investor Relations. From <span>2014</span> to <span>2018</span>, Mr. Pizzinatto served as Extrafarma&#8217;s officer, responsible for different areas during his tenure, such as expansion, marketing, commercial and logistics. In June 2018, he was named Chief Executive Officer of Extrafarma, leading a strategic revision and turnaround plan for the company. In October 2020, he was nominated Ultrapar&#8217;s Chief Financial and Investor Relations Officer, which is his current position. Since June 2024, he is the Vice-Chairman of the Board of Directors of Hidrovias do Brasil S.A. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and, since January 2025, he is the Vice-Chairman of the Board of Directors of Ipiranga, Ultracargo and Ultragaz. Since April 2025, M</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">r</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Piz</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">z</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">inatto</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> is the Chief Executive Officer of Ultrapar.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Mr. Pizzinatto </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">graduated</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> in business administration from FGV and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">holds</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">an MBA </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">degree</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">from the Stanford Graduate School of Business.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Alexandre Mendes Palhares</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Mr. Palhares joined Ultrapar in May 2024 as the Financial Planning and Investor Relations Director. Since April 2025, he has been the Chief Financial and Investor Officer of Ultrapar. From <span>2020</span> to <span>2024</span>, Mr. Palhares served as the Chief Financial and Investor Relations Officer of Eurofarma and from <span>2019</span> to <span>2020</span>, of Delta Energia. From <span>2005</span> to <span>2010</span>, Mr. Palhares worked at Embraer and between <span>2010</span> and <span>2019</span> at Cosan Group, where he held several positions, including Chief Financial Officer at Moove in <span>2016</span> and Financial Director at Rumo Log&#237;stica from <span>2017</span> to <span>2019</span>. Mr. Palhares graduated in business administration and international trade from the University of Taubat&#233;,and holds MBA in finance at the University of Taubat&#233; and an MBA in business, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">innovation</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and project management at FIA (Funda&#231;&#227;o Instituto de Administra&#231;&#227;o) with an internation </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">extension</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> at University of Laverne focusing on finance.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Bernardo Sacic</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Mr. Sacic joined Ultrapar in November 2024 as the M&amp;A and New Businesses </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">officer and, as of April 2025, he is Executive Officer of the Company</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">From <span>2015</span> to <span>2024</span> Mr. Sacic</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">served as M&amp;A and New Businesses Director of AES Brasil</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. From</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2011</span> to <span>2015</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Mr. Sacic worked at Andrade Gutierrez S.A and Enel </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Brasil</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> as a manager focused on developing new businesses and projects. He graduated as an electrical engineer from the Technological Education Federal Center Celso Suckow da Fonseca </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">completed </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">an executive education</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> program</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> from the Institute of Postgraduate Studies and Research in Administration at the Federal University of Rio de Janeiro.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Manuella Carvalho Campos de Oliveira</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ms. Oliveira joined Ultrapar in <span>2023</span> as the human resources officer and, as of April 2025, she is Executive Officer of the Company. From <span>2017</span> to <span>2023</span>, Ms. Oliveira served as the head of people and culture at Omega Energia and, from <span>2007</span> to <span>2016</span>, as the head of project finance of PDG Incorporadora e Construtora. She graduated in economics from Ibmec and completed executive education programs in several fields from different institutions, such as business and financial management, private equity and venture capital, valuation and HR, from FGV, Insper, NYU Stern School of Business and Dom Cabral Foundation, respectively.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Marina Guimar&#227;es Moreira Mascarenhas</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Ms. Mascarenhas joined Ultrapar in <span>2023</span> as the General Counsel and is also a member of the Conduct Committee. As of April 2025, she is also Executive Officer of the Company. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of the date of this annual report</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> she was </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a member of the Board of Directors of Hidrovias do Brasil S.A and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">member of Ultra Institute. From <span>2011</span> to <span>20</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>3</span>, Ms. Mascarenhas worked at BRMalls, serving as General Counsel from <span>2018</span> to <span>2023</span> and its Data Protection Officer from <span>2020</span> to <span>2023</span>. She graduated in law from the Pontificial Catholic University of Rio de Janeiro, holds a master degree in corporate law and capital markets from Ibmec and completed an executive education program in privacy and data protection at Insper</span></p> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div><div id="Drw77i3pgfucvdz9z17niaq" style="font-family: 'times new roman', times; font-size: 8pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">B.&#160; &#160; &#160; </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Compensation</span>
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<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The objectives of our executive compensation policy and practices are (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">to align executives&#8217; and shareholders&#8217; interests, based on the principle of sharing risks and rewards and a long-term view of value creation, (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">to align individual objectives with the long-term strategy and sustainability of the Company, (iii) to foster autonomy with accountability, recognizing distinguished performance and reinforcing meritocracy, and (iv) to be competitive with the relevant market, enabling the Company to attract and retain the best professionals to lead the Company. Following these principles, we adopt a competitive compensation plan that includes the use of financial, operational and value creation metrics to determine variable compensation targets, market-based benefits, and a long-term equity incentive plan.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In accordance with Circular Letter from CVM/SEP/Annual/</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2025</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, from 2020 onwards we ceased to report social security contributions paid by the employer as information on management compensation.</span></p>
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<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">2024</span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Board of Directors</span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Executive</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span></span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Officers</span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Fiscal Council</span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Total</span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">(in</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">thousands</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">of</span><span style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold; line-height: inherit;">Reais</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">, except</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">for</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">the</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">number</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">of</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">members)</span></span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold; line-height: inherit;">&#160;</span></p> </td> </tr>
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<p style="margin: 0pt; text-align: justify;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Number of members </span><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super; line-height: inherit;">(1)</span></span></span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">9.</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">00</span></span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">5.</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">0</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">0</span></span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">6.00</span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">20.</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">0</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">0</span></span></p> </td>
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<p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </td> </tr>
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<p style="margin: 0pt; text-align: justify;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Number of paid members </span><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super; line-height: inherit;">(1)</span></span></span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">8.</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">00</span></span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">5.</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">0</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">0</span></span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">3.00</span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">16.</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">0</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">0</span></span></p> </td>
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<p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </td> </tr>
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<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Annual fixed compensation </span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">6</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">384</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">0</span></span></p> </td>
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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">16</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">276</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">5</span></span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">868</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">9</span></span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">23,</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">529,4</span></span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Salary </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4.464,0</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">12</span><span style="font-family: 'Times New Roman'; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; line-height: inherit;">395</span><span style="font-family: 'Times New Roman'; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; line-height: inherit;">3</span></span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">8</span><span style="font-family: 'Times New Roman'; line-height: inherit;">6</span><span style="font-family: 'Times New Roman'; line-height: inherit;">8.</span><span style="font-family: 'Times New Roman'; line-height: inherit;">9</span></span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">1</span><span style="font-family: 'Times New Roman'; line-height: inherit;">7</span><span style="font-family: 'Times New Roman'; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; line-height: inherit;">728</span><span style="font-family: 'Times New Roman'; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; line-height: inherit;">3</span></span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </td> </tr>
<tr style="height: 12px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Participation in committees</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">1,</span><span style="font-family: 'Times New Roman'; line-height: inherit;">9</span><span style="font-family: 'Times New Roman'; line-height: inherit;">2</span><span style="font-family: 'Times New Roman'; line-height: inherit;">0</span><span style="font-family: 'Times New Roman'; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; line-height: inherit;">0</span></span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">1,92</span><span style="font-family: 'Times New Roman'; line-height: inherit;">0</span><span style="font-family: 'Times New Roman'; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; line-height: inherit;">0</span></span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Direct and indirect benefits </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">2</span><span style="font-family: 'Times New Roman'; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; line-height: inherit;">737.3</span></span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">2</span><span style="font-family: 'Times New Roman'; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; line-height: inherit;">737</span><span style="font-family: 'Times New Roman'; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; line-height: inherit;">3</span></span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Variable compensation </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">16</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">148</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">5</span></span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">16</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">148</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">5</span></span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Short-term variable compensation </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">16</span><span style="font-family: 'Times New Roman'; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; line-height: inherit;">148</span><span style="font-family: 'Times New Roman'; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; line-height: inherit;">5</span></span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">16</span><span style="font-family: 'Times New Roman'; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; line-height: inherit;">148</span><span style="font-family: 'Times New Roman'; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; line-height: inherit;">5</span></span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Long-term variable compensation </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Post-employment benefit </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">1,</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">416</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">5</span></span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">1,</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">416</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">5</span></span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Benefits upon termination of employment </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Stock-based compensation </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">3</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">113</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">2</span></span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">4</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">4,</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">540</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">6</span></span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">-</span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">47</span><span style="font-family: 'Times New Roman'; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; line-height: inherit;">653</span><span style="font-family: 'Times New Roman'; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; line-height: inherit;">8</span></span></p> </td>
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<p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </td> </tr>
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<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Total compensation</span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">9,497.2</span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">78.382.3</span></p> </td>
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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">8</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">68</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">9</span></span></p> </td>
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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">88</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">748</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">5</span></span></p> </td>
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<p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </td> </tr> </tbody> </table>
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<td style="width: 85%;"> </td> </tr> </tbody> </table>
<p style="margin: 5pt 0pt 0pt 25.5pt; text-align: justify; text-indent: -18pt;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">(1)</span><span style="font-style: normal; font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit; font-family: 'Times New Roman';">&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-family: 'Times New Roman'; line-height: inherit;">Average number of members in the period. </span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Board members who are also Executive Officers are compensated only for their Executive Officer positions.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">All effective members of the Fiscal Council are compensated, unlike their alternates, who are not paid any compensation as they do not perform any activity for the Company in such positions.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The table below shows the highest and average individual compensation recognized in our financial statements for our Directors and Executive Officers in 2024:</span></p>
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<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Body</span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Number</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">of paid members </span><span style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super; line-height: inherit;">(1)</span></span></p> </td>
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<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Highest individual compensation</span></p> </td>
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<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Average individual compensation</span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p> </td>
<td colspan="6" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">(in thousands of</span><span style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold; line-height: inherit;"> Reai</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">s, except for the number of members)</span></span></p> </td> </tr>
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<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Board of Directors </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">8.</span><span style="font-family: 'Times New Roman'; line-height: inherit;">00</span></span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">2,</span><span style="font-family: 'Times New Roman'; line-height: inherit;">444</span><span style="font-family: 'Times New Roman'; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; line-height: inherit;">3</span></span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">1,1</span><span style="font-family: 'Times New Roman'; line-height: inherit;">87</span><span style="font-family: 'Times New Roman'; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; line-height: inherit;">1</span></span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;">&#160;</span></p> </td> </tr>
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<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Executive Officers </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 19px;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">5.</span><span style="font-family: 'Times New Roman'; line-height: inherit;">0</span><span style="font-family: 'Times New Roman'; line-height: inherit;">0</span></span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 19px;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 19px;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">36</span><span style="font-family: 'Times New Roman'; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; line-height: inherit;">583</span><span style="font-family: 'Times New Roman'; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; line-height: inherit;">7</span></span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 19px;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 19px;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">15</span><span style="font-family: 'Times New Roman'; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; line-height: inherit;">676</span><span style="font-family: 'Times New Roman'; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; line-height: inherit;">4</span></span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;">&#160;</span></p> </td> </tr> </tbody> </table>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 11.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(1) Average number of members in the period.</span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;">&#160;</p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>94</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The main components of our management compensation plan are: </span></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 9.17pt; text-align: justify; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Fixed compensation</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (salary and direct and indirect benefits): a monthly amount paid to compensate for the responsibility and complexity inherent in each position and the individual contribution and experience of the professional, while attempting to maintain levels compatible with those of peer companies. The Chairman and Vice-Chairman of the Board of Directors should earn higher amounts than the other members due to the higher responsibility inherent to the positions. The Executive Officers&#8217; fixed compensation also includes social security contributions, vacation bonus, 13th month salary, healthcare, life insurance and medical checkup, among others. The purpose of the direct and indirect benefits is to follow market practices.</span></li> </ul>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 9.17pt; text-align: justify; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Fees for participation in statutory committees</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">: an additional monthly amount equivalent to 1/3 of Board members&#8217; monthly fees, consisting of the fixed fees (in cash and in shares). Board members acting as committee coordinators shall earn a monthly amount equivalent to 50% of a Board member&#8217;s fixed fees. If a member of the Board of Directors is appointed to more than one committee, the monthly compensation amount shall be limited to 50% of a Board member&#8217;s fixed fees, regardless of the position held in the committee. The Chairman of the Board of Directors is not entitled to additional compensation for participation in committees. Fees for participation in statutory committees will not be reflected in the calculation of the number of shares to be granted at the beginning of the term.</span></li> </ul>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 9.17pt; text-align: justify; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Short-term variable compensation</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">: an annual amount paid to align the interests of the executives with those of the Company. This amount is linked to the Company&#8217;s financial and non-financial goals and the achievement of annual individual goals. All targets related to the Company and each member of the Executive Board are established in accordance with the strategic planning. Since 2022, at least 1/3 of the individual goals for executive officers has been related to the ESG agenda specifically designed for each member. Members of the Board of Directors and the Fiscal Council are not eligible for variable compensation.</span></li> </ul>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 9.17pt; text-align: justify; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Long-term incentive plan</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">: Ultrapar has adopted a share-based incentive plan to strengthen the alignment between the long-term interests of executives and shareholders, to retain executives and to make a relevant portion of their compensation dependent on the creation of value to shareholders. Under the terms of the share plan in force since 2023, which are similar to those of the previous plan approved in 2017, there are three different programs: (i) one exclusively linked to the executives&#8217; tenure with the Company, (ii) one comprising two equal parts, one for retention, linked to the executives&#8217; tenure with the Company, and the other linked to the achievement of financial targets previously set by the Board of Directors, (iii) one exclusively for the members of the Board of Directors, comprising a portion of their fixed remuneration, granted in a single tranche at the beginning of the term of office, with a vesting period of two years from the date of the beginning of the term of office and an additional blocking period of two years after the transfer of the shares. Since 2020, the grants have been based on the economic value-added (EVA&#174;), in accordance with the Company&#8217;s Strategic Plan, and since 2022, the long-term incentive agreements have included the malus clause, which provides for the retention of unvested shares upon verification of fraud or material errors in the financial statements that have unlawfully benefited the executive. For the 2024 cycle, the long-term incentive will consider both the tenure and the performance of the companies in accordance with the rules set out in the programs. In addition, the company approved the adoption of Stock Ownership Guidelines (SOG), that requires executives to retain a portion of their compensation in shares while performing their roles in the company, thus demonstrating the commitment of senior executives to the long-term success of the organization and alignment with shareholders&#8217; interests.</span></li> </ul>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Since</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> 2023, any remuneration linked to financial metrics, whether short-term or performance shares granted, will be covered by the Corporate Clawback Policy, which stipulates that executives reimburse the company for amounts unduly </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">paid</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> balance sheet restatements show a difference between the gross amounts calculated and those actually paid by the company. Further details can be found in the Corporate Clawback Policy published as Exhibit 99.1 in our Form 20-F for the year ended December 31, 2023, filed with the SEC on April 23, 2024.</span></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 9.17pt; text-align: justify; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Post-employment benefits</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">: in February 2001, the Company&#8217;s Board of Directors approved the adoption of a defined contribution pension plan to be sponsored by the Company and its subsidiaries. Participating employees have been contributing to this plan, managed by Ultraprev (Complementary Pension Association), since August 2001. Each participating employee chooses his/her basic contribution to the plan, up to a limit of 11% of employee&#8217;s reference salary, according to the rules of the plan. Each sponsoring company provides a matching contribution in an amount equivalent to each basic contribution.</span></li> </ul>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In addition, the Company shall bear the respective social security contributions, where applicable, to members of the Board of Directors and the Fiscal Council.</span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><br/></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>95</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Share-based incentive plans</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Since 2003, Ultrapar had adopted a share-based incentive plan pursuant to which certain executives had the voting and economic rights of shares held in treasury for a period of five to seven years from the initial grant of the rights. Following this period, Ultrapar transferred full ownership to those executives subject to uninterrupted employment of the participant during the period. The fair value of the awards is determined on the grant date, based on the market value of the shares on the B3 and the amounts are amortized between five to seven years from the grant date. The number of shares and the executives eligible to this plan were determined by the Board of Directors, and the latest grants under its terms were made in 2016, with vesting periods ending in March 2023. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A new plan was approved in 2017, which established the terms and general conditions for granting common shares issued by the Company held as treasury shares, which may or may not involve the granting usufruct over any portion thereof for subsequent transfer of ownership for periods determined in each program to officers or employees of the Company or its subsidiaries. As a result, common shares representing up to 1% of the Company&#8217;s share capital may be delivered to the participants, which corresponded, at the date of approval of this plan, to 11,128,102 common shares. This limit was modified to reflect the split of shares approved at the Annual and Extraordinary General Shareholders&#8217; Meeting held on April</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">10, 2019.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2023, a new share-based incentive plan was approved once more, establishing the terms and general conditions for granting common shares issued by the Company held as treasury shares, which may or may not involve granting of usufruct over any portion thereof for subsequent transfer of ownership to the Board of Directors, officers or employees of the Company or its subsidiaries. The total number of shares to be delivered to the participants shall be subject to the availability of such shares held in treasury and shall be limited to 5% of the capital stock on the date of the plan&#8217;s approval on April 19, 2023, which corresponds to 55,760,215 shares. Annually, up to 1% of the Company&#8217;s capital stock may be granted. Also, for the members of the Board of Directors, 40% of the fixed compensation of each member for the whole term of office is going to be granted in restricted stock, at the beginning of each term, with vesting at the end of the term of office and lockup period of two years after the transfer of the ownership of the shares.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, 2024, the amount granted to the Company&#8217;s executives, including tax charges, totaled R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">623</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million. In 2024, an amortization in the amount of R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">112.2</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million was recognized as a general and administrative expense.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The chart below sets forth a historical summary of the vested and unvested shares granted to the members of our Board of Directors, Executive Officers, and members of our Fiscal Council as of December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, 2024:</span></p>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">December 31, 2024</span></p> </td> </tr>
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<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Body</span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Shares granted</span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Transferred shares</span></p> </td> </tr>
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<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Board of Directors </span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0</span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0</span></p> </td> </tr>
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<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Executive Officers </span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,355,356</span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">273.060</span></p> </td> </tr>
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<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Fiscal Council</span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">NA</span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">NA</span></p> </td> </tr> </tbody> </table>
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p>
<p style="margin: 0pt; text-indent: 0pt;"><span style="text-align: justify; text-indent: -24.5pt; font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">C.</span><span style="text-align: justify; text-indent: -24.5pt; font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160; &#160;&#160;</span><span style="text-align: justify; text-indent: -24.5pt; font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Board practices</span></p> </div>
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<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The management is composed of the Board of Directors and the Executive Officers. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, 202</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, our Board of Directors consisted of nine members, eight of whom being non-executive members and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">seven</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> independent members. One of the non-independent Board members is Mr. Marcos Lutz, a shareholder of Ultra S.A., who </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">act</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ed</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> as Chief Executive Officer and Vice-Chairman of the Company. The other non-independent Board member, Mr. Peter Paul Loren&#231;o Estermann, is indirectly related to Ultra S.A.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> As of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the date of this annual report</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, all of the members of our Board of Directors are non-executive member</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">s</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our Bylaws require at least 1/3 or two, whichever is higher, of the members of our Board of Directors to be independent directors, which exceeds the 20% required by the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> listing rules. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In addition, our Bylaws sets forth that the election of the members of the Board of Directors must be made through the nomination of a slate of candidates, unless cumulative voting is requested, and may be reelected. Only the following slates of candidates will be eligible: (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">those nominated by the Board of Directors; or (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">those nominated by any shareholder or group of shareholders. The nomination of each member of the proposed slate of the management considers the evaluation of the current Board and its committees, that is carried out at least once per term with the support of a specialized consultancy, assessing the Board&#8217;s composition, operation and effectiveness, as well as the qualification and dedication of each member. See &#8220;Exhibit 1.1&#8212;Bylaws of Ultrapar, dated as of April</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">16, 2025.&#8221;</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">When electing members to the Board of Directors, shareholders will be entitled to request, as required by law and our Bylaws, the adoption of a cumulative voting process, provided that they do so within, at least, forty-eight hours in advance of the General Shareholders&#8217; Meeting. The minimum percentage of capital necessary for requesting the cumulative voting process is 5% of the shares. In the event the election has been conducted by cumulative voting, the removal of any member of the Board of Directors by the shareholders&#8217; meeting shall entail the removal of the other members, giving rise to a new election. See &#8220;Exhibit 1.1&#8212;Bylaws of Ultrapar, dated as of April</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">16, 2025.&#8221;</span></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div>
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<div style="margin: 0pt; text-indent: 24.5pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our Board of Directors must meet every three months and extraordinarily whenever called by its Chairman or by any two directors. Each meeting of the Board of Directors requires the majority of the members to be present, including the Chairman or the Vice-Chairman, before the meeting may commence. The vote of the majority of the members present is required for the approval of a resolution by the Board of Directors. In case of a tie, the Chairman, or the Vice-Chairman in the Chairman&#8217;s absence, will provide the casting vote. In case of urgency, the Chairman of our Board of Directors (or a third party that he/she may appoint) may call a special meeting of the Board of Directors with a shorter notice period than the usual provided, however, that two-thirds of Board members are present in order to commence such special meeting. Our Bylaws establish that a Board member who may have a direct or indirect conflict of interest with the company's interests cannot access information, participate in resolutions and discussions, vote, or intervene in such matters. During 2024, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">eleven</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Board meetings were held, with an average of 98% of meeting attendance.</span>
<p style="margin: 10pt 0pt; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Among other responsibilities, the Board of Directors is responsible for (i) setting general guidelines, (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">electing and removing executive officers, supervising their management and fixing their compensation, (iii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">deliberating on the issuance of new shares, within the limits of our authorized capital, (iv)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">authorizing the distributions of dividends and interest on shareholders&#8217; equity, (v)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">approving certain transactions (such as indebtedness to third parties, investment or investment project; direct or indirect acquisition or disposal of an equity interest</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, acquisition or disposal of assets to third parties, granting of guarantees to third parties</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">) with value exceeding 5% of our shareholders&#8217; equity, (vi) submit for the approval for our shareholders</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">our dissolution or merger and (vii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">select and dismiss the independent auditors. Pursuant to the Brazilian Corporate Law, the Board of Directors must be elected by the shareholders at the General Shareholders&#8217; Meeting. The Chairman and Vice-Chairman shall be elected by the Board.</span> </p>
<p style="margin: 0px; break-after: avoid; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Executive Officers </span></p>
<p style="margin: 10pt 0pt 0pt; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of the date of this annual report, we </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">had </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">five</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Executive Officers, including our Chief Executive Officer.</span></p>
<p style="margin: 10pt 0pt 0pt; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Executive Officers are elected for a two-year term and can be reelected. For the dates on which our executive officers began holding their respective position, see &#8220;Item 6.A. Directors, senior management and employees&#8212;Directors and senior management.&#8221;</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Fiscal Council</span></p>
<p style="margin: 10pt 0pt 0pt; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: 1.2; margin: 10pt 0pt 0pt; text-indent: 24.4pt;">Under the Brazilian Corporate Law, the Fiscal Council is a separate corporate body independent of the management and the independent auditors and it may operate on a permanent or non-permanent basis. According to the Brazilian Corporate Law, a Fiscal Council acting on a non-permanent basis is required to be formed when requested by 10% of voting shareholders in an Annual General Shareholders&#8217; Meeting. However, pursuant to CVM Resolution 70/22, in the case of Ultrapar, holders of 2% of the voting capital are entitled to request the installation of the Fiscal C<span style="font-family: 'Times New Roman'; font-size: 10pt;">ouncil. <span>The members of the Fiscal Council elected by our
shareholders shall hold office only until the next Annual General Shareholders&#8217;
Meeting, at which shareholders will resolve on the installation of the Fiscal
Council and elect its members for the ensuing term</span>. The</span> Fiscal Council must meet at least four times per year. Sinc<span style="font-family: 'Times New Roman'; font-size: 10pt;">e its establishment, in July 2005, our Fiscal Council has been meeting on a regular basis, and in 2024, it held </span></span><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span>7</span> <span>meetings.&#160; <span>At the Annual and Extraordinary General Shareholders&#8217;
Meeting held on April 16, 2025, the Fiscal Council was not installed. </span> </span></span></p>
<p style="margin: 10pt 0pt 0pt; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Under the Brazilian Corporate Law, individuals who are members of our Board of Directors or our Executive Board or are employees or spouses or relatives of any member of our management are not eligible to serve on the Fiscal Council. To be eligible to serve on our Fiscal Council, a person must be a resident of Brazil and either hold a university degree or have been a Company officer or Fiscal Council member of another Brazilian company for at least three years prior to the election to our Fiscal</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Council. Our Fiscal Council, when installed, shall have the duties and obligations provided by the Brazilian Corporate Law, which includes, among others, the examination of the statements of financial position and other financial statements periodically prepared by the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Company, at least every three months, and the examination of the accounts and financial statements for the fiscal year and issue an opinion on them. See &#8220;Exhibit 1.1&#8212;Bylaws of Ultrapar, dated as of April</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">16, 2025.&#8221;</span></p> </div>
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<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As set forth in our Bylaws, the Fiscal Council operates on a non-permanent basis and, when installed by the General Shareholders&#8217; Meeting, is composed of three effective members and an equal number of alternate members. As of December 31, 2024, our Fiscal Council was composed of Mr.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Flavio Cesar Maia Luz, Mr.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#201;lcio Arsenio Mattioli and Mr.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Marcelo Gon&#231;alves Farinha as effective members. These members were elected for a term valid from April 2024 through April 2025</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, with a monthly compensation in the amount of R$21.6 thousand for each effective (non-alternate) member of the Fiscal Council, except for the Chairman of the Fiscal Council, whose compensation was set at R$30.0 thousand per month</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">December 31, 2024, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the composition of our Fiscal Council considering both effective and alternate members </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">was</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> as follows:</span></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">First</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">year</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">of&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">appointment</span></span></p> </th> </tr> </thead>
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<td style="vertical-align: top; height: 16px; width: 84%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Flavio Cesar Maia Luz</span></p> </td>
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<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; width: 15%; text-align: center; background-color: #cceeff;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2021</span></p> </td> </tr>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">M&#225;rcio Augustus Ribeiro (alternate)</span></p> </td>
<td style="vertical-align: top;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; text-align: center;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2007</span></p> </td> </tr>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#201;lcio Arsenio Mattioli</span></p> </td>
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<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; text-align: center; background-color: #cceeff;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2023</span></p> </td> </tr>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Pedro Ozires Predeus (alternate)</span></p> </td>
<td style="vertical-align: top;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; text-align: center;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2005</span></p> </td> </tr>
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<td style="vertical-align: top; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Marcelo Gon&#231;alves Farinha</span></p> </td>
<td style="vertical-align: top; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; text-align: center; background-color: #cceeff;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2023</span></p> </td> </tr>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Luiz Claudio Moraes (alternate)</span></p> </td>
<td style="vertical-align: middle;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; text-align: center;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2024</span></p> </td> </tr> </tbody> </table>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">At the Annual and Extraordinary General Shareholders&#8217; Meeting held on April 16, 2025, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the Fiscal Council was not installed.</span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>97</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt 0pt; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; text-align: justify; text-indent: 0pt; line-height: inherit;">Committees of the Board of Directors</span></p> </div>
<div>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Audit and Risks Committee</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our Bylaws, as approved at the Annual and Extraordinary General Shareholders&#8217; Meeting held on April 1</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, 202</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, establish the Audit and Risks Committee as an ancillary body of the Board of Directors. Pursuant to SEC and NYSE requirements, the Audit and Risks Committee shall be comprised of at least three members, all of them members of the Board of Directors and all of them being independent. As required by the applicable regulations of the CVM, at least one member shall have recognized experience in corporate accounting matters. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of the date of this annual report, the Audit and Risks Committee appointed Mr. Jos&#233; Mauricio Pereira Coelho to act as financial expert as that term is defined by the SEC in its final rules implementing Section 407 of the Sarbanes-Oxley Act of 2002. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A single member of the Audit and Risks Committee may </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">concentrate on</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the foregoing requirements. All members shall be elected by the Board of Directors for a term of office of two years, and the term shall coincide with the term of office of the Directors. The member of the Audit and Risks Committee who ceases to hold said position may only rejoin the committee after at least three years have elapsed since the end of the term of office.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The Audit and Risks Committee shall (a)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">recommend to the Board of Directors the retention and dismissal of independent audit services, as well as propose to the Board of Directors the nomination of the independent auditor and their replacement; (b)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">review the management report and the financial statements of the Company and of its controlled companies, and provide the recommendations it deems necessary to the Board of Directors; (c)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">review the quarterly financial information, interim statements, and financial statements prepared by the Company; (d)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">monitor the activities of the Company&#8217;s internal audit and internal controls departments, including follow-up and assessment of the effectiveness and sufficiency of the internal control structure and of the internal and independent audit processes of the Company and of its controlled companies, including in relation to the provisions set forth in the Sarbanes-Oxley Act, submitting the recommendations it deems necessary for the improvement of policies, practices and procedures; (e)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">evaluate and monitor the Company&#8217;s risk exposure per the Corporate Risk Management Policy, as well as provide its opinion on any review of the contents thereof, in addition to advising the Board of Directors in connection with the setting of acceptable risk levels; (f)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">review, monitor and recommend to management any corrections or improvements to be made to the Company&#8217;s corporate policies, including the Conflict of Interest and Related Party Transactions Corporate Policy; (g) establish procedures for the acceptance and handling of information submitted by any party relating to alleged noncompliance with applicable legal and regulatory requirements applicable to the Company, in addition to internal regulations, policies and codes, including procedures for confidential or anonymous submission, safeguarding information secrecy; (h)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">interact with the other Company&#8217;s governing bodies in connection with the receipt and review of information on noncompliance with legal and regulatory requirements applicable to the Company, as well as with internal regulations, policies and codes; and (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">provide its opinion on the matters submitted to it by the Board of Directors, as well as on those matters it determines to be relevant. See &#8220;Exhibit 1.1&#8212;Bylaws of Ultrapar, dated as of April</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, 202</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.&#8221;</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of the date of this annual report, the composition of the Audit and Risks Committee is as follows:</span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br/></span></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">First</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">year</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">of&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">appointment</span></span></p> </th> </tr> </thead>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Jos&#233; Mauricio Pereira Coelho (coordinator and financial expert)</span></p> </td>
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<td style="padding-left: 7.2pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2019</span></p> </td> </tr>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Jorge Marques de Toledo Ca</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">margo</span></p> </td>
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<td style="padding-left: 7.2pt; vertical-align: top;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2023</span></p> </td> </tr>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">V&#226;nia Maria Lima Neves</span></p> </td>
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<td style="padding-left: 7.2pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">202</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5</span></p> </td> </tr> </tbody> </table>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Although our Bylaws only require a majority of independent directors, the totality of our Audit and Risks Committee members meet the applicable independent membership requirements of the SEC and the NYSE. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For information regarding the business experience, areas of experience and principal outside business interests of the current members of our Audit and Risks Committee, see &#8220;Item 6.A. Directors, senior management and employees&#8212;Directors and senior management&#8212;Board of Directors.&#8221;</span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>98</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br/></span></p>
<p style="margin: 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">People and Sustainability Committee </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our Bylaws establish the People and Sustainability Committee as an ancillary body of the Board of Directors. The People and Sustainability Committee shall comprise mostly directors, with at least two independent directors, and its duties shall be as follows: (a)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">propose to the Board of Directors the compensation to be paid to the directors and executive officers and senior employees of the Company and its controlled companies, to the members of the committees and of other governing bodies assisting the Board of Directors, pursuant to the proposal received from the Chief Executive Officer, and periodically revise the parameters and guidelines and, as a result, the compensation policy and other benefits of the Company; (b)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">propose to the Board of Directors, pursuant to the proposal received from the Chief Executive Officer, the overall compensation of the directors and executive officers of the Company, which shall be submitted to the shareholders&#8217; meeting, and propose the individual compensation of the Executive Officers; (c)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ensure that the Company prepares itself adequately for the succession of its directors, executive officers and other key employees, particularly the Chief Executive Officer and the statutory executive officers; (d)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">carry out diligence and supervise the steps taken to ensure that the Company adopts a model of competence and leadership, attraction, retention and motivation in line with its strategic plans; and e) carry out diligence and supervise the steps and goals proposed by management related to the sustainability of operations and the development of its material themes, as well as monitoring their compliance. See &#8220;Exhibit 1.1&#8212;Bylaws of Ultrapar, dated as of April</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">202</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.&#8221; </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The People and Sustainability Committee was installed by the Board of Directors at the meeting held on November</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">9, 2011. As of the date of this annual report, the composition of the People and Sustainability Committee is as follows:</span></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">First</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">year</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">of&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">appointment</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span></span></p> </th> </tr> </thead>
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<td style="vertical-align: top; width: 84%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Fl&#225;via Buarque de Almeida</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (coor</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">dinator)</span></p> </td>
<td style="vertical-align: top; width: 1%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; width: 15%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2023</span></p> </td> </tr>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Francisco de S&#225; Neto</span></p> </td>
<td style="vertical-align: top;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: top;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2023</span></p> </td> </tr>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Marcos Marinho Lutz</span></p> </td>
<td style="vertical-align: top; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2023</span></p> </td> </tr> </tbody> </table>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Investments Committee </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our Bylaws establish the Investments Committee as an ancillary body of the Board of Directors. The Investments Committee shall be responsible for the following duties: (a)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">evaluate and recommend the Company&#8217;s relevant investments, acquisitions or divestments as provided in the policies adopted by the Company; and (b) to monitor the capital allocation strategy and the portfolio management of the Company as defined by the Board of Directors, including mergers and acquisitions. See &#8220;Exhibit 1.1&#8212;Bylaws of Ultrapar, dated as of April</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, 202</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.&#8221;</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of the date of this annual report, the composition of the Investments Committee is as follows:</span></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Name</span></p> </th>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">First</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">year</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">of&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">appointment</span></span></p> </th> </tr> </thead>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Marcelo Faria de Lima</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (coordinator)</span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2025</span></p> </td> </tr>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Fabio Venturelli</span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2023</span></p> </td> </tr>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Peter Paul Loren&#231;o Estermann</span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2023</span></p> </td> </tr> </tbody> </table>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>99</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Corporate governance </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We are incorporated under the laws of Brazil, and we are subject to Brazilian laws related to corporate governance. Under the Brazilian Corporate Law, there are no legal requirements with respect to corporate governance regarding (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">meetings of non-management directors, (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the mandatory establishment and composition of certain board committees or (iii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the adoption and disclosure of corporate governance guidelines or codes of business conduct and ethics. As a non-U.S. issuer, we are exempt from adopting certain NYSE corporate governance requirements. However, we aim to ensure that best practices, recommendations, and standards of corporate governance are employed in our functioning and operations. As of December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, 2024, we had adopted certain corporate governance practices, such as the requirement that at least 1/3 of the members of the Board of Directors be independent, the implementation and permanent revision of a code of ethics for Ultra S.A., Parth, senior officers and all employees, and the implementation of the Investments, People and Sustainability, and Audit and Risks Committees. It is worth noting that currently the Board of Directors is composed of 78% of independent members. According to our Bylaws, the Fiscal Council acts on a non-permanent basis and should be installed when requested by our shareholders as set forth in the Brazilian Corporate Law. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2000, B3 introduced three special listing segments, known as Levels 1 and 2 of Differentiated Corporate Governance Practices and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, which seek to foster a secondary market for securities issued by Brazilian companies with securities listed on B3, by requiring such companies to follow good practices of corporate governance. The listing segments were designed for the trading of shares issued by companies voluntarily abiding by corporate governance practices and disclosure requirements in addition to those already imposed by the Brazilian Corporate Law. These rules generally increase shareholders&#8217; rights and enhance the disclosure of information provided to shareholders. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2005, we entered into an agreement with B3 and have complied with the requirements to become a Level</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1 Company, which is the entrance level of the Differentiated Corporate Governance Practices of B3. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2011, the Extraordinary General Shareholders&#8217; Meeting and the Special Preferred Shareholders&#8217; Meeting approved the conversion of each preferred share into one common voting share and the migration of Ultrapar to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> segment (the highest level of governance of B3). </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2017, new Listing Rules for the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> were approved by the CVM and became effective as of January</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2, 2018. Some of the modifications of the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Listing Rules include the following requirements: (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">set up an Audit Committee (statutory or non-statutory); (ii) structure and disclose a process of assessment of the Board of Directors, its committees and the Executive Officers; (iii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">establish and disclose a Code of Conduct, as well as a Compensation Policy, a Nomination Policy for the Board of Directors, its Committees and Executive Officer, a Risk Management Policy, a Related Party Transaction Policy and a Securities Trading Policy, all of them with minimum requirements. For more information on B3&#8217;s Novo Mercado segment, see &#8220;Exhibit 2.3&#8212;Rules of the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.&#8221;</span></p>
<p style="margin: 5pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In addition, we have provisions that exceed such requirements. For example, according to the rules of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the minimum percentage of independent members of the Board of Directors is set at 20%, while a minimum of 1/3 is required in our Bylaws. Our Bylaws also establish a mandatory tender offer for 100% of the Company&#8217;s shareholders in the event a shareholder, or a group of shareholders acting in concert, acquire or become holder of 20% of the Company&#8217;s shares, excluding treasury shares. Our Bylaws do not establish any limitation on voting rights, special treatment to current shareholders, public tender offers for a price above that of the acquisition price of shares or any other poison pill provisions, thus assuring the effectiveness of a majority shareholders&#8217; approval on all matters to be deliberated. See &#8220;Exhibit</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1.1&#8212;Bylaws of Ultrapar, dated as of April</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, 202</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.&#8221;</span></p>
<p style="margin: 10pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0pt; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; break-after: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Termination agreements</span></p>
<p style="margin: 10pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Not applicable.</span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>100</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;&#160;</span></p>
<p style="margin: 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="text-indent: -24.5pt; font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">D.&#160; &#160; </span><span style="text-indent: -24.5pt; font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Employees</span></p> </div>
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<p style="margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, 2024, we had 9,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">558</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> employees. The following table sets forth our number of employees per line of business at the dates indicated:</span></p>
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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;">&#160;</span></p> </td>
<td colspan="5" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit; font-weight: bold;">Number of employees</span><sup><span style="font-weight: bold; line-height: inherit;"> <span style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">(1)</span></span></sup></span></p> </td> </tr>
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<p style="font-size: 9pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold; line-height: inherit;">&#160;</span></p> </td>
<td colspan="5" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">As of December</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">31,</span></span></p> </td> </tr>
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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;">&#160;</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">2024</span></p> </td>
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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">2023</span><span style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super; line-height: inherit;">(2)</span></span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">2022</span><span style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super; line-height: inherit;">(2)</span></span></p> </td> </tr>
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<td style="padding: 0px 3.5px; height: 10px; width: 68%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">Ipiranga</span></span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center; text-indent: 11pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4,512</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; width: 1%; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center; text-indent: 11pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5,058</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; width: 1%; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center; text-indent: 11pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">4,6</span><span style="font-family: 'Times New Roman'; line-height: inherit;">19</span></span></p> </td> </tr>
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<p style="font-size: 9pt; line-height: 108%; margin: 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">Ultragaz</span></span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center; text-indent: 11pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,711</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center; text-indent: 11pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">3,</span><span style="font-family: 'Times New Roman'; line-height: inherit;">556</span></span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center; text-indent: 11pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,505</span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 3.5px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">Ultracargo</span></span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center; text-indent: 11pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">843</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center; text-indent: 11pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">856</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center; text-indent: 11pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">830</span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px 3.5px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">Ultrapar (Holding)</span></span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center; text-indent: 11pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">149</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center; text-indent: 11pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">175</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center; text-indent: 11pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">176</span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 3.5px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">Others</span></span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center; text-indent: 11pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">343</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center; text-indent: 11pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">364</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center; text-indent: 11pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">472</span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px 3.5px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Ultrapar</span></span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center; text-indent: 11pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">9,558</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center; text-indent: 11pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">10,009</span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center; text-indent: 11pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">9,602</span></p> </td> </tr> </tbody> </table>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;"><br/></span></span></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse;">
<tbody>
<tr>
<td style="vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 8.88889px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(1)</span></td>
<td style="vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Excluding interns, apprentices, on leave and retirees.</span></td> </tr>
<tr>
<td style="width: 3%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 8.88889px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -14.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(2)</span></td>
<td style="width: 97%; vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -14.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">2023</span><span style="color: #000000; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -14.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>and 2022</span><span style="color: #000000; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -14.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>headcount revised to reflect new criteria (includes only active employees and employees on leave for up to 12 months). Additionally, the number of<span style="line-height: inherit;">&#160;</span>Ipiranga<span style="line-height: inherit;">&#160;</span>was adjusted, incorporating<span style="line-height: inherit;">&#160;</span>Millenium, Serra Diesel, and KMV (formerly<span style="line-height: inherit;">&#160;</span>abastece<span style="line-height: inherit;">&#160;</span>a&#237;) consolidated in<span style="line-height: inherit;">&#160;</span>Ultrapar<span style="line-height: inherit;">&#160;</span>Mobilidade.</span></td> </tr> </tbody> </table> </div>
<div>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&#8217;s employees are covered by collective agreements with the labor unions that represent different industry sectors. Ultragaz&#8217;s and Ipiranga&#8217;s employees are covered mainly by the ore and oil products commerce labor union; Ultracargo&#8217;s employees are covered mainly by the general goods handling and general administrative assistants labor union; and the Holding&#8217;s and the SSC&#8217;s employees are covered in the trade union of autonomous commerce agents and advisory, expertise, information and research, and accounting services companies. These are the labor unions that cover most of the employees in their respective businesses, but there are other labor unions which cover our employees to a lesser degree, for example, those that represent the port and railway transportation sectors. All agreements, signed between the companies and labor unions of each sector, addresses social, financial, labor union and labor relations issues. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </div>
<div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2001, our Board of Directors approved the adoption of a defined contribution pension plan to be sponsored by Ultrapar and each of its subsidiaries. Participating employees have been contributing to this plan, managed by Ultraprev (Complementary Pension Association), since 2001. Under the terms of the plan, every year each participating employee chooses his/her basic contribution to the plan. Each sponsoring company provides a matching contribution in an amount equivalent to each basic contribution, up to a limit of 11% of the employee&#8217;s base salary, according to the rules of the plan. As participating employees retire, they may choose to receive either (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a monthly sum ranging between 0.3% and 1.0% of their respective contribution (including accumulated funds) in Ultraprev or (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a fixed monthly amount which will exhaust their respective contribution (including accumulated funds) over a period of 5 to 35 years. The sponsoring company does not guarantee the amounts, or the duration of the benefits received by each employee that retires. The total number of participating employees as of December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, 2024 was 3,801 and 297 retired participants (4,053 active participants and 298 retired participants as of December 31, 2023). In addition, Ultraprev has 21 former employees or beneficiaries receiving benefits according to the rules of the previous plan whose reserves are fully constituted.</span></p>
<p style="margin: 0px; text-indent: 0px;"><span style="text-align: justify; text-indent: -24.4pt; font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;"><br/></span></p>
<p style="margin: 0pt; text-indent: 0pt;"><span style="text-align: justify; text-indent: -24.4pt; font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">E.&#160; &#160;&#160;</span><span style="text-align: justify; text-indent: -24.4pt; font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Share ownership</span></p> </div>
<div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In accordance with our Bylaws, our common shares are our sole class of capital stock authorized and outstanding. They entitle their holders to voting rights on any matter. See &#8220;Item</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6.C. Directors, senior management and employees&#8212;Board practices&#8212;Corporate governance.&#8221; </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On April</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">10, 2019, the Annual and Extraordinary General Shareholders&#8217; Meeting approved a stock split of the shares issued by Ultrapar, so that each share was replaced by two shares of the same class and type, and Ultrapar&#8217;s capital stock became composed of 1,112,810,192 common shares. The stock split did not involve any change in the capital stock, therefore there was no alteration in the financial amount and shareholder participation in the Company&#8217;s capital stock. The share split was implemented on April</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">24, 2019, which was also the date that the corresponding stock split of our American Depositary Shares was implemented.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Since February 2020, the Company&#8217;s Board of Directors confirmed the issuance of 2,594,076 common shares, within the authorized capital limit provided by the Article 6 of our Bylaws, due to the partial exercise of the rights conferred by the subscription warrants issued by the Company as a result of the merger of all Extrafarma shares into the Company as approved by the Extraordinary General Shareholders&#8217; Meeting held on January 31, 2014. For more information about these subscription warrants, see </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Note </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">19 to our Consolidated Financial Statements. As of the date of this annual report, our subscribed and paid-in capital stock consisted of 1,115,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">507</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">182</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> common shares, all of which have equal voting and equity rights.</span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><br/></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>101</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The table below sets forth the number of our common shares beneficially owned, as of</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the date of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">this annual report</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, by each of our current directors and executive officers including through their participation in Ultra S.A.:</span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br/></span></p>
<table cellspacing="0" cellpadding="0" style="height: 258px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<thead>
<tr style="height: 11px;">
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 11px; width: 78.9388%;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: middle; height: 11px; width: 9.95918%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" colspan="3">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Total</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span></span></p> </th> </tr>
<tr style="height: 10px;">
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; width: 78.9388%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;</span></p> </th>
<th style="padding-left: 7.2pt; vertical-align: middle; height: 10px; width: 9.95918%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Common</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">shares</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span></span></p> </th>
<th style="padding-left: 7.2pt; vertical-align: middle; height: 10px; width: 0.979592%;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: middle; height: 10px; width: 9.95918%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">%</span></p> </th> </tr> </thead>
<tbody>
<tr style="height: 16px; background-color: #cceeff;">
<td style="vertical-align: top; height: 16px; width: 78.9388%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Board of Directors</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px; width: 9.95918%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 16px; width: 0.979592%; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px; width: 9.95918%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </td> </tr>
<tr style="height: 18px;">
<td style="vertical-align: top; height: 18px; width: 78.9388%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Marcos Marinho Lutz </span><span style="font-family: 'Times New Roman'; font-size: 6.67pt; vertical-align: super; line-height: inherit;">(1)(2)</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 18px; width: 9.95918%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">21,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">430,962</span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 18px; width: 0.979592%; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 18px; width: 9.95918%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2%</span></p> </td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="vertical-align: top; height: 17px; width: 78.9388%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Jorge Marques de Toledo Camargo</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 17px; width: 9.95918%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">100,428</span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 17px; width: 0.979592%; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 17px; width: 9.95918%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0%</span></p> </td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; width: 78.9388%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Fabio Venturelli</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160; </span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; width: 9.95918%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">30,128</span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; width: 0.979592%; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; width: 9.95918%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0%</span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="vertical-align: top; height: 16px; width: 78.9388%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Fl&#225;via Buarque de Almeida</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px; width: 9.95918%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;">38,928</p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 16px; width: 0.979592%; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px; width: 9.95918%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0%</span></p> </td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; width: 78.9388%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Francisco de S&#225; Neto</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160; </span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; width: 9.95918%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">46,696</span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; width: 0.979592%; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; width: 9.95918%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0%</span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="vertical-align: top; height: 16px; width: 78.9388%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Jos&#233; Mauricio Pereira Coelho</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px; width: 9.95918%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">30,128</span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 16px; width: 0.979592%; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px; width: 9.95918%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0%</span></p> </td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; width: 78.9388%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Marcelo Faria de Lima</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160; </span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; width: 9.95918%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">30,128</span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; width: 0.979592%; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; width: 9.95918%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0%</span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: top; height: 10px; width: 78.9388%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Peter Paul Loren&#231;o Estermann</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160; </span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; width: 9.95918%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">30,128</span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; width: 0.979592%; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; width: 9.95918%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0%</span></p> </td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; width: 78.9388%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">V&#226;nia Maria Lima Neves </span><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">(3)</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160; </span></span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; width: 9.95918%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; width: 0.979592%; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; width: 9.95918%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0%</span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: top; height: 10px; width: 78.9388%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Executive Officers</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; width: 9.95918%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><br/></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; width: 0.979592%; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; width: 9.95918%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><br/></p> </td> </tr>
<tr style="height: 18px;">
<td style="vertical-align: top; height: 18px; width: 78.9388%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Rodrigo</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> de </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Almeida Pizzinatto&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit; font-size: 10.6667px;">&#160;</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 18px; width: 9.95918%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">709,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">981</span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 18px; width: 0.979592%; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 18px; width: 9.95918%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0%</span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: top; height: 10px; width: 78.9388%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Alexandre Mendes Palhares</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; width: 9.95918%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">133,436</span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; width: 0.979592%; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: top; height: 10px; width: 9.95918%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0%</span></p> </td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; width: 78.9388%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Bernardo Sacic</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160; </span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; width: 9.95918%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">32,287</span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; width: 0.979592%; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: top; height: 10px; width: 9.95918%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0%</span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="vertical-align: top; height: 16px; width: 78.9388%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Manuella Carvalho Campos de Oliveira</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px; width: 9.95918%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">40,296</span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 16px; width: 0.979592%; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: top; height: 16px; width: 9.95918%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0%</span></p> </td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; width: 78.9388%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Marina Guimar&#227;es Moreira Mascarenhas</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; width: 9.95918%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">201,521</span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; width: 0.979592%; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: top; height: 10px; width: 9.95918%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0%</span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; width: 78.9388%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="background-color: #ffff00; font-family: 'Times New Roman'; font-size: 1pt; line-height: inherit;">&#160;</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; width: 9.95918%; background-color: #cceeff;">
<p style="border-top-width: 1pt; margin: 0pt; padding-top: 1pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 1pt; line-height: inherit;">&#160;</span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; width: 0.979592%; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; width: 9.95918%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 1pt; line-height: inherit;">&#160;</span></p> </td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: bottom; height: 10px; width: 78.9388%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Board of Directors and Executive Officers</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; width: 9.95918%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span><b>23,855,047</b></span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; width: 0.979592%; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; width: 9.95918%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">2%</span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 10px; width: 78.9388%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Total</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160; </span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; width: 9.95918%; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">1,115,507,182</span></p> </td>
<td style="padding-left: 0px; vertical-align: middle; height: 10px; width: 0.979592%; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 10px; width: 9.95918%; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">100%</span></p> </td> </tr> </tbody> </table>
<table style="font-size: 10pt; width: 100%; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; height: 52px;">
<tbody>
<tr style="height: 16px;">
<td style="height: 16px; width: 5%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td>
<td style="height: 16px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td>
<td style="height: 16px; width: 85%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; text-align: center;" valign="top"><span style="font-family: 'Times New Roman'; font-size: 8pt; text-indent: -24.4667px; float: none; line-height: inherit; display: inline !important;">(1)</span></td>
<td colspan="2" style="height: 10px;">
<p style="margin: 0pt; font-family: 'times new roman', times; text-align: justify; text-indent: 0pt;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">Individual who beneficially own shares through his participation in the holding company Ultra S.A. See &#8220;Item 7.A. Major shareholders and related party&#160;transactions&#8212;Major&#160;shareholders.&#8221; Also, includes the ownership of 49.9% of&#160;IgelPar. See &#8220;Item</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">4.A. Information on the&#160;Company&#8212;History&#160;and development of the&#160;Company&#8212;Corporate&#160;events.&#8221;</span></span></p> </td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; text-align: center;" valign="top"><span style="text-indent: -24.4667px; font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">(2)</span></td>
<td colspan="2" style="height: 10px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; text-align: justify; text-indent: -24.4667px; float: none; display: inline !important; line-height: inherit;">Executives who were granted shares through the Deferred Stock Plan.</span></td> </tr>
<tr style="height: 16px;">
<td style="vertical-align: top; height: 16px; text-align: center;" valign="top"><span style="font-family: 'Times New Roman'; font-size: 8pt; text-indent: -24.4667px; float: none; line-height: inherit; display: inline !important;">(3)</span></td>
<td colspan="2" style="height: 16px;"><span style="font-size: 8pt; line-height: inherit;"><span style="text-align: justify; text-indent: -24.4667px; font-family: 'Times New Roman'; line-height: inherit;">Member of the Board of Directors elected for their first term at the Annual and Extraordinary General Shareholders&#8217; Meeting held on April&#160;</span><span style="text-align: justify; text-indent: -24.4667px; font-family: 'Times New Roman'; line-height: inherit;">16,&#160;</span><span style="text-align: justify; text-indent: -24.4667px; font-family: 'Times New Roman'; line-height: inherit;">202</span><span style="text-align: justify; text-indent: -24.4667px; font-family: 'Times New Roman'; line-height: inherit;">5</span><span style="text-align: justify; text-indent: -24.4667px; font-family: 'Times New Roman'; line-height: inherit;">.</span></span></td> </tr> </tbody> </table>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Since 2003, Ultrapar has adopted stock-based compensation plans to certain executives. For more information about these plans, see &#8220;Item 6.B. Directors, senior management and employees &#8212; Compensation&#8221; and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Note 8.c to our Consolidated Financial Statements</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></p>
<p style="margin: 6pt 0pt 0pt 24.5pt; page-break-after: avoid; text-align: justify; text-indent: -24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">F.&#160; &#160; &#160; &#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Disclosure of a registrant&#8217;s action to recover erroneously awarded compensation</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Not applicable.</span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><br/></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>102</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt 0pt; text-indent: 0pt;"><span style="text-align: justify; text-indent: 0pt; font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">ITEM&#160;</span><span style="text-align: justify; text-indent: 0pt; font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">7.&#160;</span><span style="text-align: justify; text-indent: 0pt; font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit; margin-left: 23px;"><a style="text-decoration-line: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bdn24_1632025104441757" class="customBookmark">MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS</a></span></p> </div>
<div style="margin: 0pt; text-indent: 0pt;">
<p style="margin: 10pt 0pt 10pt 24.5pt; break-after: avoid; text-align: justify; text-indent: -24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">A.&#160; &#160;&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Major shareholders </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The table below shows the capital stock of Ultrapar as of April 14,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;2025:</span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br/></span></p>
<table cellspacing="0" cellpadding="0" style="height: 136px; border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">
<thead>
<tr style="height: 10px;">
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </th>
<th colspan="3" style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Total</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span></span></p> </th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;"><br/></th> </tr>
<tr style="height: 10px;">
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><br/></p> </th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Common</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">shares</span></span></p> </th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">%</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span></span></p> </th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;"><br/></th> </tr> </thead>
<tbody>
<tr style="height: 16px; background-color: #cceeff;">
<td style="vertical-align: top; height: 16px; background-color: #cceeff; width: 78%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Shareholders</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><br/></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 16px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><br/></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="vertical-align: top; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultra S.A.</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">279,593,690</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">25%</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="vertical-align: top; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Parth</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">85,667,912</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; background-color: #cceeff; height: 16px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">8%</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; background-color: #cceeff; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="vertical-align: top; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Canada Pension Plan Investment Board.</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">56,341,152</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5%</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="vertical-align: top; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">BlackRock, Inc.</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">55,813,586</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; background-color: #cceeff; height: 16px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5%</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; background-color: #cceeff; height: 16px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Shares held in treasury</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; text-align: right;">43,241,410</td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="vertical-align: top; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Others</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">594,849,432</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; background-color: #cceeff; height: 16px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">53</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; background-color: #cceeff; height: 16px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Total</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">1,115,507,182</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">100%</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;"><br/></td> </tr> </tbody> </table>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On November 22, 2021, Ultrapar was notified by Canada Pension Plan Investment Board that it reached an aggregate ownership position of 5.03% of common shares issued by Ultrapar as of November 17, 2021, amounting to 56,084,095 shares. Canada Pension Plan Investment Board also informed that between the achievement of the relevant negotiation and the announcement date, it acquired another 257,057 shares, totaling 56,341,152 shares.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On May 4, 2023, Ultra S.A. and Parth informed the Company that the shareholders bound by the 2020 Shareholders&#8217; Agreement increased their ownership position in the Company. A total of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">35.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> of the Company&#8217;s capital stock is bound by the 2020 Shareholder&#8217;s Agreement as of April 14,&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2025.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On February 9, 2024, Ultrapar was notified by the shareholders Squadra Investimentos &#8211; Gest&#227;o de Recursos Ltda. and Squadra Investments &#8211; Gest&#227;o de Recursos Ltda. that they reached an aggregate ownership position of 5.18% of common shares issued by Ultrapar as of February 8, 2024, being (i) 47,746,539 common shares and (ii) 10,003,000 common shares referenced in derivative instruments with physical settlement. At the time, Squadra also held a short economic exposure through derivative instruments with physical settlement referenced to 7,123,000 common shares. Of the total reported above, 7,330,305 common shares have been temporarily transferred to third parties under security lending.</span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br/></span></p>
<div>
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<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>103</span></span></td> </tr> </tbody> </table> </div>
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<div>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt 0pt; text-indent: 0pt;"><span style="font-style: italic;"><span style="font-weight: bold;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">Ownership and capital structure of Ultra S.A. and<span style="line-height: inherit;">&#160;</span></span>Parth</span></span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of April 14,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;2025, Ultra S.A. and Parth owned approximately 25% and 8%, respectively, of Ultrapar&#8217;s shares. As of April 14,&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2025, the capital stock of Ultra S.A. and Parth were beneficially owned as follows:</span></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; height: 200px; width: 100%;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding: 0px; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Ultra S.A.</span></td>
<td style="padding: 0px; vertical-align: bottom;"><br/></td>
<td colspan="3" style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Total</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span></span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; width: 77%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; width: 1%;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Shares </span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; width: 1%;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">%</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span></span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; width: 1%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Shareholders</span></p> </td>
<td style="vertical-align: top; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="vertical-align: top; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">P&#225;tria</span></p> </td>
<td style="vertical-align: top;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">19,013,229</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">20%</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="vertical-align: top; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Fabio Igel </span><span style="font-family: 'Times New Roman'; font-size: 6.67pt; vertical-align: super; line-height: inherit;">(1)</span></p> </td>
<td style="vertical-align: top; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">17,701,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">836</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; background-color: #cceeff; height: 16px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">9</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; background-color: #cceeff; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="vertical-align: top; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ana Maria Levy Villela Igel</span></p> </td>
<td style="vertical-align: top;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">11,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">820,856</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">12%</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="vertical-align: top; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Christy Participa&#231;&#245;es Ltda</span></p> </td>
<td style="vertical-align: top; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">9,039,643</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; background-color: #cceeff; height: 16px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">10%</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; background-color: #cceeff; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="vertical-align: top; height: 16px;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: left;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Joyce Igel de Castro Andrade</span></p> </td>
<td style="vertical-align: top;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5,798,377</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6%</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="vertical-align: top; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Marcia Igel Joppert</span></p> </td>
<td style="vertical-align: top; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,720,252</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; background-color: #cceeff; height: 16px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6%</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; background-color: #cceeff; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="vertical-align: top; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Others</span></p> </td>
<td style="vertical-align: top;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">695</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">632</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">7</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Subtotal</span></p> </td>
<td style="vertical-align: bottom; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">90,402,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">439</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">9</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">%</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td> </tr> </tbody> </table>
<p style="margin: 0pt; page-break-after: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;&#160;</span></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 64px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="vertical-align: top; width: 78%; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Directors and officers</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; width: 10%; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; width: 1%; height: 16px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; width: 10%; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; width: 1%; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="vertical-align: top; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Marcos Marinho Lutz </span><span style="font-family: 'Times New Roman'; font-size: 6.67pt; vertical-align: super; line-height: inherit;">(1)</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">387,386</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5%</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Total directors and officers</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4,387,386</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">%</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Total</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">94,789,825</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">100%</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;"><br/></span></span></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td style="vertical-align: top; text-align: center; width: 5%;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(1)</span></td>
<td style="width: 95%;"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">Includes the ownership of 50.1%</span><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">and</span><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">49.9%</span><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">of</span><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">IgelPar&#160;held by Mr</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">.&#160;</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">Igel</span><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">and</span><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160;</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">Mr</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">.&#160;</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">Lutz</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">, respectively.&#160;</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">See &#8220;Item</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">4.A. Information on the&#160;Company&#8212;History&#160;and development of the&#160;Company&#8212;Corporate&#160;events.&#8221;</span></span></td> </tr> </tbody> </table>
<p style="margin: 0px; text-align: justify; text-indent: 0px;">&#160;</p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 99.8354%; height: 116px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Parth</span></td>
<td style="padding: 0px; vertical-align: bottom;"><br/></td>
<td colspan="3" style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Total</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span></span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Shares</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">%</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span></span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="vertical-align: top; height: 16px; background-color: #cceeff; width: 77%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Shareholders</span></p> </td>
<td style="vertical-align: top; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 1%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="vertical-align: top; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Jennings Luis Igel Hoffenberg</span></p> </td>
<td style="vertical-align: top;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">61,788,141</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; text-align: right;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">36%</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="vertical-align: top; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Pedro Igel de Barros Salles</span></p> </td>
<td style="vertical-align: top; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">59,144,754</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff; text-align: right;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">34%</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="vertical-align: top; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Bettina Igel Hoffenberg</span></p> </td>
<td style="vertical-align: top;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">42,267,183</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; text-align: right;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">24%</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="vertical-align: top; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Venus Quartz LLC</span></p> </td>
<td style="vertical-align: top; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">9,595,506</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff; text-align: right;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6%</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Total shareholders</span></p> </td>
<td style="vertical-align: bottom;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">172,795,584</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; text-align: right; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">100%</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px;"><br/></td> </tr> </tbody> </table> </div>
<div>
<p style="margin: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Shareholders&#8217; Agreements </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On May</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2, 2018, Ultra S.A. and Parth executed a Shareholders&#8217; Agreement to set forth a set of rules to govern the relationship between these two shareholders. This 2018 Shareholders&#8217; Agreement replaced the Ultra S.A. Shareholders&#8217; Agreement executed in 2014 and should be in force for a period of five years, automatically renewable for a further period of five years, except if a termination notice is sent by one party to the other up to six</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">months before the end of its term. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The 2018 Shareholders Agreement&#8217;s main terms were substantially related to (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">how Ultra S.A., Parth and its shareholders should vote at Ultrapar&#8217;s Shareholders&#8217; Meetings; (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">procedures to exchange any party&#8217;s shares in Ultra S.A. or in Parth for shares of Ultrapar; and (iii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">procedures applicable to the exercise of right of first refusal, preemptive rights and tag-along rights. Additionally, any </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">third party</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> purchasing Ultra S.A.&#8217;s shares bound by the Shareholders&#8217; Agreement must agree to be bound by the Shareholders&#8217; Agreement. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In July 2019, Ultra S.A. informed the Company that its shareholders approved the disposal of all shares issued by Ultra S.A. held by Mr.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Paulo Guilherme Aguiar Cunha and his family, which was concluded through certain transactions carried out in November 2019. As a result, Mr.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Paulo Guilherme Aguiar Cunha and his family no longer hold any shares issued by Ultra S.A. and, therefore, are no longer parties to the Ultrapar&#8217;s 2018 Shareholders&#8217; Agreement.</span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><br/></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>104</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On August 18, 2020, Ultra S.A. and Parth entered into the 2020 Shareholders&#8217; Agreement to include P&#225;tria in its capacity as Ultra S.A.&#8217;s shareholder then holding a 20% stake in Ultra S.A.'s capital stock, as consenting intervening party, therefore bound by the provisions of the 2020 Shareholders&#8217; Agreement. The 2020 Shareholders&#8217; Agreement replaced the 2018 Shareholders&#8217; Agreement in its entirety, and the terms and conditions remain substantially the same </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the latter. See &#8220;Exhibit 2.9 - Shareholders&#8217; Agreement dated August 18, 2020.&#8221; </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On September 28, 2021, Ultra S.A. informed the Company that Mr. Marcos Marinho Lutz, our Chief Executive Officer, became a shareholder of Ultra S.A., holding 2.4% of its capital stock, and became a consenting intervening party of the 2020 Shareholders&#8217; Agreement. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On May 29, 2023, Ultra S.A. informed the company that its shareholders approved the amendment of the 2020 Shareholders&#8217; Agreement to include previsions related to the exercise of preemptive rights related to the right of usufruct and trust and the adhesion of Mrs. Maria Tereza Igel to the 2020 Shareholders&#8217; Agreement.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A total of 35.6%</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;of the Company&#8217;s capital stock is bound by the 2020 Shareholder&#8217;s Agreement as of April 14,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;2025. See &#8220;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Exhibit 2.11</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8212;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Shareholders&#8217; Agreement dated August 18, 2020.&#8221;</span></p>
<p style="margin: 0px; break-after: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br/></span></p> </div>
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<p style="margin: 0pt 0pt 0pt 24.5pt; break-after: avoid; text-align: justify; text-indent: -24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">B.<span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160; &#160; &#160;</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Related party transactions </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, 2024, Ultrapar is responsible for guarantees and securities provided to subsidiaries in the amount of R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">13.586.9 </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million. This disclosure of related party transactions is provided for </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">purposes</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> of the rules governing Annual Reports on Form 20-F and is not meant to suggest that these matters </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">would</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> be considered related party transactions under IFRS.</span></p>
<p style="margin: 10pt 0pt; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The related parties&#8217; transactions for financial statements purposes are transactions between the subsidiaries of the Ultrapar with joint-ventures and associates companies that are not eliminated in the consolidation of financial statements. The main related parties&#8217; transactions are related to RPR</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Chevron&#8217;s companies</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and Hidrovias</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. See Note 8.a</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">to our Consolidated Financial Statements for a detailed breakdown of related party transactions as of December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, 2024. </span></p> </div>
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<p style="margin: 6pt 0pt 0pt 24.5pt; page-break-after: avoid; text-align: justify; text-indent: -24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">C.<span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160; &#160;&#160;</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Interests of expert and counsel</span></p>
<p style="margin: 10pt 0pt 0pt; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Not applicable.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </div>
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<div style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BS7_183202543815330" class="customBookmark"><span style="font-weight: bold; line-height: inherit;"><span style="font-size: 10pt;">ITEM</span>&#160;<span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">8.&#160;&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit; margin-left: 23px;">FINANCIAL I</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">NFORMATION </span></span></a></div>
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<li style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: 108%; margin: 10pt 0pt 0pt 14.72pt; padding-left: 9.13pt; page-break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Consolidated statements and other financial information </span></li> </ol>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For our consolidated financial statements and notes thereto see &#8220;Item 18. Financial Statements.&#8221;</span></p> </div>
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<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Dividends and distribution policy </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Dividend policy </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The bylaws of a Brazilian company may establish a minimum percentage of the net income that must be paid to shareholders as mandatory dividends. The amounts due as dividends may be paid as interest </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">on</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> net equity. As of December 31, 2024, our Bylaws provided for a mandatory dividend of at least 25% of the Company&#8217;s adjusted net income, after the allocation of 5% of the net income to the legal reserve.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The Brazilian Corporate Law defines the &#8220;net income&#8221; as the results of the relevant fiscal year, reduced by accumulated losses of prior fiscal years, provisions for income tax and social contribution on the net income for such fiscal year, and amounts allocated to employees&#8217; and management&#8217;s participation on the results in such fiscal year.</span></p>
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<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Under the Brazilian Corporate Law, the net income may be reduced or increased by the following: </span></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 9.17pt; text-align: justify; text-indent: 0px; margin-bottom: -6px; margin-left: 9px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Amounts allocated to the legal </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">reserve;</span> </li> </ul>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 9.17pt; text-align: justify; text-indent: 0px; margin-bottom: -6px; margin-left: 9px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit; margin-bottom: -6px;">Amounts allocated to the statutory reserve, if </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">any;</span> </li> </ul>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 9.17pt; text-align: justify; text-indent: 0px; margin-bottom: -6px; margin-left: 9px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Amounts allocated to the contingency reserve, if </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">required;</span> </li> </ul>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 9.17pt; text-align: justify; text-indent: 0px; margin-bottom: -6px; margin-left: 9px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Amounts allocated to the unrealized profit </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">reserve;</span> </li> </ul>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 9.17pt; text-align: justify; text-indent: 0px; margin-bottom: -6px; margin-left: 9px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Amounts allocated to the income tax exemption </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">reserve;</span> </li> </ul>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 9.17pt; text-align: justify; text-indent: 0px; margin-bottom: -6px; margin-left: 9px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Amounts allocated to the retained profit </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">reserve;</span> </li> </ul>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 9.17pt; text-align: justify; text-indent: 0px; margin-bottom: -6px; margin-left: 9px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Reversions of reserves registered in prior years, in accordance with Brazilian GAAP; and</span></li> </ul>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 9.17pt; text-align: justify; text-indent: 0px; margin-left: 9px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Reversions of the amounts allocated to the unrealized profit reserve, when realized and not absorbed by losses. </span></li> </ul>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Legal reserves.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> We are required to maintain a legal reserve to which we must allocate 5% of our net income until the amount of our legal reserve equals 20% of paid-in capital. We are not required to make any allocations to the legal reserve for any fiscal year in which such reserve, when added to our capital reserves, exceeds 30% of our capital stock. Accumulated losses, if any, may be charged against the legal reserve. Other than that, the legal </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">reserve</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> can only be used to increase our capital. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Statutory reserves.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Under the Brazilian Corporate Law, any corporation may create statutory reserves, in which case it shall be provided in its respective bylaws. In this case, the bylaws must also indicate the reserve purpose, allocation criteria and maximum amount of reserve. As provided in our Bylaws, we may allocate up to 75% of our adjusted net income to an investment reserve, up to the limit of 100% of our capital stock. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Contingency reserves.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Under the Brazilian Corporate Law, our shareholders may decide, upon a proposal of our Board of Directors, to allocate a discretionary amount of our net income to a contingency reserve for estimated future losses, which are deemed probable. The distributable amount may be further increased by the reversal of such reserve in the fiscal year when the reasons that justified the creation of such reserve cease to exist or in which the anticipated loss occurs. Accordingly, there is no specific percentage of net income allocable to this type of reserve. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Unrealized profits reserves.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Under the Brazilian Corporate Law, when the mandatory dividend amount exceeds the realized net income in a given fiscal year, our shareholders may elect, upon a proposal of our Board of Directors, to allocate some or </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">all of</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the excess dividend amount to any unrealized profits reserve. The Brazilian Corporate Law defines &#8220;realized&#8221; net income as the amount by which the company&#8217;s net income exceed the sum of (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">its net positive results, if any, from the equity method of accounting for earnings and losses of the company&#8217;s subsidiaries and certain of its affiliates and (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the profits, gains or returns that </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">will be received by the company after the end of the next fiscal year. The distributable amount is increased by the profits that were allocated to such </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">reserve</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> when they are realized. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Income tax exemption reserve.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Under the Brazilian Corporate Law, the portion of the net income derived from donations or governmental incentives directed to investments, can be excluded of the distributable amount. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Retained profits reserve.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Under the Brazilian Corporate Law, our shareholders may decide to retain a discretionary amount of our net income that is provided for in a budget approved in the Annual General Shareholders&#8217; Meeting, upon the proposal of its Board of Directors, for the expansion of our installations and other investment projects. After the conclusion of the relevant investments, we may retain the reserve until the shareholders approve the transfer of the reserve, in full or in part, to its capital or to the accumulated profits reserve. In accordance with the Brazilian Corporate Law, if a project to which part of the reserve has been allocated has a term exceeding one year, the budget for such project must be approved by the General Shareholders&#8217; Meeting each fiscal year through the conclusion of the project. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The Brazilian Corporate Law provides that all statutory allocations of net income, including the unrealized profits reserve and the reserve for investment projects, are subject to approval by the shareholders voting at a general shareholders&#8217; meeting and may be used for capital increases or for the payment of dividends in subsequent years. The legal reserve is also subject to approval by the general shareholders&#8217; meeting and may be transferred to capital or used to absorb losses but is not available for the payment of dividends in subsequent years.</span></p>
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<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The balance for the profit reserve accounts, except for the contingency reserve and unrealized profits reserve, may not exceed the share capital. If this happens, our shareholders must determine whether the excess will be applied to pay in the subscribed and unpaid capital, to increase and pay in the subscribed stock capital or to distribute dividends. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The profits unallocated to the accounts mentioned above must be distributed as dividends. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A company is permitted to allocate to the unrealized profits reserves all income from equity gains in subsidiaries that are not distributed to the company in the form of cash dividends. When such gains are distributed to the company in the form of cash dividends, the company is required to reverse the reserve. See &#8220;Item 3.D. Key information&#8212;Risk factors&#8212;Risks relating to the shares and the american depositary shares.&#8221; In addition to the mandatory distribution, the Board of Directors may recommend to the shareholders the payment of interim distributions from other funds that are legally available for such purposes. Any payment of an interim dividend may be set off against the amount of the mandatory dividend distribution for that fiscal year. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As an alternative form of payment of dividends, Brazilian companies may distribute interest on capital, which payments may be treated by a company as a deductible expense for income and social contribution taxes purposes. Payments of interest on capital may be made at the discretion of our Board of Directors, subject to the approval of the holders of our common shares. Payments of interest attributed to shareholders&#8217; equity, net of withholding tax, may be distributed as part of the minimum mandatory dividends, to the extent that </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">it does</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> not exceed the limits described below. This interest is calculated in accordance with the daily pro rata variation of the Brazilian government&#8217;s TJLP, as determined by the Central Bank from time to time, and cannot exceed the greater of: </span></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt; margin-bottom: -6px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">50% of net income (after the deduction of the social contribution on profits and before the provision for corporate income tax and the amounts attributable to shareholders as net interest on equity) related to the period in respect of which the payment is made; or </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">50% of the sum of retained profits and profit reserves </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the beginning of the period with respect to which the payment is made.</span></li> </ul>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Under the Brazilian Corporate Law, a company may suspend the mandatory distribution, either in the form of dividends or payments of interest on capital, if the shareholders at the General Shareholders&#8217; Meeting determine, based on the Board of Directors&#8217; proposal, which is reviewed by the Fiscal Council when installed. The payment of the mandatory distribution for the preceding fiscal year would be inadvisable </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in light of</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the company&#8217;s financial condition. The management of the Company must report to the CVM such suspension within five days of the relevant General Shareholders&#8217; Meeting. Under the Brazilian Corporate Law, mandatory distributions that are suspended and not offset against losses in future years must be paid as soon as the financial condition of the company permits.</span></p> </div>
<div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We declare and pay dividends and/or interest on capital, pursuant to the Brazilian Corporate Law and our Bylaws. Our Board of Directors may approve the distribution of dividends and/or interest on capital, calculated based on our annual or semiannual financial statements or on financial statements relating to shorter periods. The amount of any distributions will depend on a series of factors, such as our financial condition, prospects, macroeconomic conditions, tariff adjustments, regulatory changes, growth strategies and other issues our Board of Directors and our shareholders may consider relevant. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The amount of retention of profits and investments </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">reserve</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> are free of distribution restrictions and totaled R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> 7,7 </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">billion as of December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, 2024.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We usually pay dividends or interest on equity twice a year &#8211; interim dividends or interest on equity are paid after the reporting of the second quarter financial statements and the remaining is paid after the reporting of the annual financial statements. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We declared dividends to our shareholders of R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">769</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.3</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million for 2024. On August 7, 2024, the Company distributed the amount of R$276.0 million for the interim dividends&#8217; payment (equivalent to R$0.25 per common share)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On March 14, 2025, the Company distributed the amount of R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">493</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.3</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million (equivalent to R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0.45</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> per common share). </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The following table sets forth the dividends per share distributed by Ultrapar in the last three years.</span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><br/></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>107</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Dividend history</span></p>
<p style="margin: 0px; break-after: avoid; text-align: justify; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"><br/></span></p>
<table cellspacing="0" cellpadding="0" style="height: 84px; border-collapse: collapse; margin-top: 0px; margin-bottom: 0px; font-family: 'times new roman'; font-size: 10pt; width: 99.8981%; margin-left: 0.1px;" width="100%">
<thead>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; width: 77%; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">Year ended December</span><span style="color: #000000; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="color: #000000; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">31,</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; width: 1%; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; text-align: center; width: 9.99181%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" colspan="3" valign="bottom"><span style="color: #000000; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">Common shares<span>&#160;</span></span><sup><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">(1)</span></sup><span style="color: #000000; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; text-align: center; width: 0.982801%; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 77%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; width: 1%; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 9.99181%; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">(</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">in</span><span style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold; line-height: inherit;">Reais</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">per</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">share)</span></span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; width: 0.982801%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 9.99181%; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">(in</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">US$</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">per</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">share) </span><span style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super; line-height: inherit;">(2)</span></span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; width: 0.982801%; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </thead>
<tbody>
<tr style="height: 16px; background-color: #cceeff;">
<td style="vertical-align: top; height: 16px; background-color: #cceeff; width: 77%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2024</span></p> </td>
<td style="vertical-align: top; background-color: #cceeff; height: 16px; width: 1%;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 9.99181%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0.70</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 0.982801%;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 9.99181%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0.11</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="vertical-align: top; height: 16px; width: 77%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2023</span></p> </td>
<td style="vertical-align: top; height: 16px; width: 1%;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; width: 9.99181%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0.65</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; width: 0.982801%;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; width: 9.99181%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0.13</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="vertical-align: top; height: 16px; background-color: #cceeff; width: 77%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2022 (dividends)</span></p> </td>
<td style="vertical-align: top; background-color: #cceeff; height: 16px; width: 1%;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 9.99181%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0.10</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 0.982801%;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 9.99181%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0.02</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="vertical-align: top; height: 16px; width: 77%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2022 (interest on equity) </span><span style="font-family: 'Times New Roman'; font-size: 8pt; vertical-align: super; line-height: inherit;">(3)</span></p> </td>
<td style="vertical-align: top; height: 16px; width: 1%;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; width: 9.99181%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0.41</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; width: 0.982801%;"><br/></td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; width: 9.99181%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0.08</span></p> </td>
<td style="padding-left: 7.2pt; vertical-align: bottom; height: 16px; width: 0.982801%;"><br/></td> </tr> </tbody> </table>
<table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td style="width: 5%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td>
<td style="width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td>
<td style="width: 85%;"><br/></td> </tr>
<tr>
<td valign="top" style="vertical-align: top; text-align: center;"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">(1</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">)</span></span></td>
<td colspan="2"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">The</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">&#160;number of shares used in the dividends per share calculation has not been retrospectively adjusted to reflect the&#160;</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">issuance</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">&#160;common shares that occurred&#160;</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">as a result of</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">&#160;the partial exercise of the subscription warrants issued to the former Extrafarma shareholders.</span></span></td> </tr>
<tr>
<td valign="top" style="vertical-align: top; text-align: center;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(2)</span></td>
<td colspan="2"><span style="font-size: 8pt; line-height: inherit;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">The amounts in&#160;</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-style: italic; line-height: inherit;">Reais</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">&#160;have been converted into U.S. dollars using the exchange rates at each respective payment date.</span></span></td> </tr>
<tr>
<td valign="top" style="vertical-align: top; text-align: center;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(3)</span></td>
<td colspan="2"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24.6px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">With income tax withholding at a rate of 15%, net interest would be R$0.35060 per share, except for corporate shareholders that are proven to be immune or exempt</span></td> </tr> </tbody> </table> </div>
<div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Payment of dividends</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Within the four months following the end of each fiscal year, our shareholders are required to hold an Annual General Shareholders&#8217; Meeting to decide, among other things, on the allocation of our net income with respect to the fiscal year </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ended</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> immediately prior to the shareholders&#8217; meeting and the payment of an annual dividend. Additionally, interim dividends may be declared by our Board of Directors. Under the Brazilian Corporate Law, dividends are generally required to be paid within 60</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">days following the date the dividend was declared, unless a resolution sets forth another date of payment, which, in either case, must occur prior to the end of the fiscal year in which such dividend was declared. Pursuant to the Brazilian Corporate Law, dividends revert to us three years after the date when we begin to pay such declared dividends. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Shareholders who are not residents of Brazil must register with the Central Bank to have dividends, sales proceeds or other amounts with respect to their shares eligible to be remitted in foreign currency outside of Brazil. The shares underlying the ADSs will be held in Brazil by </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Ita&#250; Corretora de Valores </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">S.A.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">custody), as agent for the Depositary. For purposes of the registration requirement, the Depositary is deemed to be the stockholder of the shares underlying the ADSs. The Depositary will register such common shares with the Central Bank. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Payments of cash dividends and distributions, if any, will be made in Brazilian currency to the Custodian on behalf of the Depositary. The Custodian will then convert such proceeds into U.S. dollars and will cause such U.S. dollars to be delivered to the Depositary for the distribution to holders of ADSs. See &#8220;Description of american depositary receipts&#8221; in our Registration Statement filed on Form F-1, declared effective on April</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">12, 2005. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In the event that</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the Custodian is unable to convert immediately the Brazilian currency received as dividends into U.S. dollars, the amount of U.S. dollars payable to holders of ADSs may be adversely affected by devaluations of the Brazilian currency that may occur before such dividends are converted and remitted. See &#8220;Item</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3.D. Key information&#8212;Risk factors&#8212;Risks relating to Brazil.&#8221; </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Dividends paid by a Brazilian Corporation, in cash or in kind, in respect of the shares paid to shareholders who are not Brazilian residents, including holders of ADSs, are not subject to withholding income tax in Brazil to the extent that such amounts are related to profits generated after January 1, 1996. Dividends paid from profits generated before January 1, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1996</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> may be subject to Brazilian withholding income tax at varying rates, according to the tax legislation applicable to each corresponding year. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Distributions of interest attributable to shareholders&#8217; equity are currently subject to withholding tax at a rate of 15%, or 25% in the case of a shareholder domiciled in a &#8220;tax haven.&#8221; See &#8220;Item 10.E. Additional information&#8212;Taxation&#8212;Brazilian tax considerations.&#8221;</span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><br/></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>108</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt 0pt; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; text-indent: 0pt; line-height: inherit;">Legal proceedings</span></p> </div>
<div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Provisions for tax, civil and labor risks.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> The Company and its subsidiaries are parties to tax, civil, environmental, regulatory, and labor disputes at the administrative and judiciary levels. As of December 31, 2024, the amount of these provisions for tax, civil and labor risks was R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">658.3</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million (R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">47.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">8</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million for current provisions and R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">610.5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million for non-current provisions). For more information about provisions for tax, civil and labor risks, see Note 18.a to our Consolidated Financial Statements.</span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br/></span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Contingent liabilities.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> The Company and its subsidiaries are party to tax, civil, environmental, regulatory and labor claims whose likelihood of loss is assessed by the legal department of the Company and its subsidiaries as possible. Based on the opinion of its external legal advisors and based on these assessments, no provisions were made for these claims in the financial statements. As of December 31, 2024, the total amount involved in proceedings for which the risk of loss was classified as possible was R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5,285.1</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million, of which R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4,176</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.0</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million, R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">815.2</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million and R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">293.9</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million were respectively related to contingent liabilities from (i) tax matters and social security matters; (ii) civil, environmental and regulatory claims; and (iii) labor matters</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. For more information about provisions </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">for contingent liabilities, see Note 18.b to our Consolidated Financial Statements.</span></p> </div>
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<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Antitrust matters</span></p>
<p style="margin: 5pt 0pt; text-align: justify; text-indent: 28.35pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Acquisition of NEOg&#225;s.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The acquisition of 100% of NEOg&#225;s by Ultragaz was duly submitted to CADE on December 6, 2022. On December 23, 2022, the General Superintendence of CADE issued a decision approving the transaction without restrictions. On January 11, 2023, CADE issued a certificate (&#8220;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">certid&#227;o de tr&#226;nsito em julgado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8221;) formalizing the definitive approval of such decision. On February </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, 2023, the transaction was closed.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 28.35pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Consortium agreement with Supergasbr&#225;s for sharing plants</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A consortium agreement between Ultragaz and Supergasbr&#225;s was duly submitted to CADE on July 12, 2022. The agreement covers the sharing of LPG </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">storages</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and filling plants on a country-wide level. On March 28, 2023, the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">General Superintendence of CADE issued a decision for the approval of the transaction without restrictions. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On April 12, 2023, the General Superintendence of CADE&#8217;s decision was challenged. On August 16, 2023, CADE approved the agreement through the execution of a Merger Control Agreement </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(&#8220;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Acordo de Controle de Concentra&#231;&#245;es</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8221;)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, which preserves the rationale of the consortium. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 28.35pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Divestment of Oxiteno.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The sale of 100% of Ultrapar&#8217;s interest in Oxiteno, amounting to 100% of Oxiteno&#8217;s share capital, to Indorama was duly submitted to CADE on November 11, 2021. On March 4, 2022, the General Superintendence of CADE issued a decision approving the transaction without restrictions.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> On March 24, 2022, CADE issued a certificate (&#8220;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">certid&#227;o de tr&#226;nsito em julgado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8221;) formalizing the definitive approval of such decision. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On April </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, 2022, the transaction was closed.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 28.35pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Divestment of Extrafarma</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The sale of 100% of Ipiranga&#8217;s interest in Extrafarma, amounting to 100% of Extrafarma&#8217;s share capital, to Pague Menos was duly submitted to CADE on September 16, 2021. On June 22, 2022, the General Superintendence of CADE issued a decision approving the transaction without restrictions. On July 7, 2022, CADE issued a certificate (&#8220;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">certid&#227;o de tr&#226;nsito em julgado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8221;) formalizing the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">approval of the transaction subject to the execution of a Merger Control Agreement (&#8220;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Acordo de Controle de Concentra&#231;&#245;es</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8221;). </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The closing of the transaction occurred on August 1, 2022.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 28.35pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Acquisition of Opla. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On April 19, 2023, Ultracargo signed an agreement for the acquisition of a 50% stake in Opla, held by Copersucar. On May 29, 2023, the General Superintendence of CADE issued a decision approving the transaction without restrictions. On June 14, 2023, C</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ADE issued a certificate (&#8220;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">certid&#227;o de tr&#226;nsito em julgado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8221;) formalizing the definitive approval of such decision</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The transaction was closed on July 1, 2023</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 28.35pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Acquisition of Serra Diesel Transportador Revendedor Retalhista Ltda</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On May 21, 2023, Ultrapar, through its subsidiary Ultra Mobilidade Ltda., signed an agreement for the acquisition of 60% of the shares of Serra Diesel Transportador Revendedor Retalhista Ltda. The acquisition complements Ultrapar&#8217;s activities in the distribution of liquid fuels. The transaction was closed on September 1, 2023. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 28.35pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Acquisition of a stake in Witzler Participa&#231;&#245;es S.A</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On June 10, 2024, Ultrapar, through its subsidiary Companhia Ultragaz S.A., signed an agreement for the acquisition of a 51.7% stake in Witzler Participa&#231;&#245;es S.A. The transaction was approved by CADE on July 8, 2024, and closed on September 1, 2023.</span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>109</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div>
<div>
<p style="margin: 10pt 0pt 0pt; text-indent: 24.5pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-style: italic; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Acquisition of service stations from Grupo P&#227;o de A&#231;&#250;car</span></span>. On June 26, 2024, Ultrapar, through its subsidiary Conveni&#234;ncias Millennium Ltda., signed an agreement for the acquisition of 49 service stations from Grupo P&#227;o de A&#231;&#250;car. This acquisition aims to maintain these stations in the network of around 6 thousand Ipiranga service stations distributed throughout Brazil. The transaction was approved by CADE on July 22, 2024. The closing of the transaction is subject to other conditions precedent.</span></p>
<p style="margin: 10pt 0pt 0pt; text-indent: 24.5pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-weight: bold; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">Partnership with</span> Supergasbr&#225;s for the construction of a LPG port terminal.</span> A partnership agreement between Ultragaz and Supergasbr&#225;s was duly submitted for approval by CADE on December 2024, for the construction and operation of a terminal at the Port of Pec&#233;m (state of Cear&#225;) for handling LPG. In addition to CADE&#8217;s approval, the transaction is subject to other customary conditions precedent.</span></p>
<p style="margin: 10pt 0pt 0pt; text-indent: 24.5pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-weight: bold; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">Acquisition of relevant ownership position in</span> Hidrovias.</span> On March 24, 2024, the Company executed, through Ultrapar Log&#237;stica, an indirect subsidiary of Ultrapar, a share purchase and sale instrument for the acquisition of 128,369,488 shares of Hidrovias, which represented 16.88% of its capital stock at the time. For more information, see &#8220;Item 4.A. Information on the Company&#8212;History and development of the Company&#8212;Recent developments.&#8221; The transaction was closed on May 7, 2024, increasing the Company&#8217;s stake in Hidrovias from 19.09% to 35.97%. The Company also requested CADE&#8217;s approval to increase its stake in Hidrovias in September 2024. As of December 31, 2024, Ultrapar held a total stake of 41.94% in Hidrovias. On February 28, 2025, Hidrovias announced a capital increase, and Ultrapar publicly stated its intention to exercise its preemptive rights in the subscription of shares to be issued.</span></p>
<div style="page: WordSection1;">
<p style="text-align: justify; text-indent: 24.5pt; margin: 10pt 0pt 0pt; line-height: 107%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="line-height: inherit;"><b><i><span style="font-size: 10pt; line-height: inherit; font-family: 'Times New Roman', serif;">Investment in MI TRR Transportadora
Retalhista E Revendedora De Combust&#237;veis S.A (&#8220;MI TRR&#8221;).</span></i></b> </span><span style="font-size: 10pt; line-height: inherit; font-family: 'Times New Roman', serif; margin: 10pt 0pt 0pt; text-indent: 24.5pt; text-align: justify;"><span style="line-height: inherit;">On October 21, 2024, Ultra
Mobilidade Ltda., though its subsidiary Neodiesel Ltda., executed an Investment
Agreement with MI TRR regulating the subscription of shares representing 51% of
MI TRR's total and voting capital stock. Such transaction was approved by CADE
on December 16, 2024, and the closing of the transaction is subject to other
conditions precedent.</span></span></p> </div>
<p style="margin: 10pt 0pt 0pt; text-indent: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; text-indent: 0pt; line-height: inherit;">B.&#160;&#160;&#160;&#160;&#160; Significant changes</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Except as disclosed elsewhere in this annual report, we have not experienced any significant changes since the date of our audited Consolidated Financial Statements included in this annual report</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></p> </div>
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<p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p>
<div style="margin: 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bdn26_1632025104523441" class="customBookmark"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">ITEM</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">9.&#160;&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit; margin-left: 23px;">THE OFFER AND LISTI</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">NG</span></a></div>
<p style="margin: 10pt 0pt 0pt; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">A.&#160; &#160; &#160; Offer and listing details </span></p>
<p style="margin: 8pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Not applicable. The listing details regarding the company&#8217;s stock as required by Item 9.A.4 is set forth below in &#8220;&#8212;C. Markets.&#8221;</span></p>
<p style="margin: 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit; break-after: avoid; text-align: justify; text-indent: 0pt; margin: 6pt 0pt 6pt 0pt !important;"><span style="line-height: inherit;">B.&#160;<span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160; &#160; &#160;</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Plan of distribution </span></span></p>
<p style="margin: 8pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Not applicable. </span></p>
<div style="margin: 0pt; padding-left: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit; break-after: avoid; text-align: justify; text-indent: 0pt; margin: 6pt 0pt 6pt 0pt !important;"><span style="line-height: inherit;">C. <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160; &#160; &#160;</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Markets </span></span></div>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our shares are listed on the S&#227;o Paulo Stock Exchange under the ticker symbol &#8220;UGPA3&#8221; and the ADSs are listed on NYSE under the symbol &#8220;UGP.&#8221;</span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="line-height: inherit;">D. <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160; &#160; </span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Selling shareholders</span></span></p>
<p style="margin: 8pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Not applicable. </span></p>
<div style="margin: 0pt; padding-left: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit; break-after: avoid; text-align: justify; text-indent: 0pt; margin: 6pt 0pt 6pt 0pt !important;"><span style="line-height: inherit;">E. <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#160; &#160; &#160;</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Dilution</span></span></div>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Not applicable. </span></p>
<div style="margin: 0pt; padding-left: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit; break-after: avoid; text-align: justify; text-indent: 0pt; margin: 6pt 0pt 6pt 0pt !important;"><span style="line-height: inherit;">F.<span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span style="line-height: inherit;">&#160;</span></span><span style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; text-align: start; float: none; display: inline !important; line-height: inherit;">&#160; &#160; &#160;</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Expenses of the issue</span></span></div>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Not applicable.</span></p>
<div style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BS8_183202544154689" class="customBookmark"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">ITEM</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">10.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit; margin-left: 23px;">ADDITIONAL INFORMA</span><span style="text-indent: 0pt; font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">TION</span></a></div> </div>
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<p><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">A.&#160; &#160; &#160; Share capital </span></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Not applicable.</span></p>
<p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p> </div>
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<p style="margin: 0px; break-after: avoid; text-align: justify; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">B.&#160; &#160; &#160; </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Memorandum and articles of association</span></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We are registered with the commercial registry of the state of S&#227;o Paulo under the registration number 35,300,109,724. Pursuant to chapter I, article</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3 of our Bylaws, our main corporate purpose is the investment of our capital in commerce, industry, agriculture, and service provision, through the subscription or acquisition of shares or </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">quotas</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> of other companies.</span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>110</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 0px; break-after: avoid; text-align: justify; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br/></span></p>
<p style="margin: 0px; break-after: avoid; text-align: justify; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">General </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Set forth below is a summary of selected significant provisions of our Bylaws and the Brazilian Corporate Law, the rules and regulations of the CVM and the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> listing segment of B3 regarding certain corporate matters applicable to us. This description does not purport to be complete and is qualified by reference to our Bylaws, the Brazilian Corporate Law, the rules and regulations of the CVM and the rules of the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In connection with the Conversion, at the Extraordinary General Shareholders&#8217; Meeting and the Special Preferred Shareholders&#8217; meeting, both held on June</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">28, 2011, our shareholders approved (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the conversion of all preferred shares into common shares at a ratio of one preferred share for one common share; (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">changes to and consolidation of our Bylaws; (iii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the Company&#8217;s adherence to the rules of the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of the B3; and (iv)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the confirmation that the new provisions related to the rights of all Company&#8217;s shareholders in the event of a sale of control of the Company, pursuant to the new Bylaws and the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> regulations, are equivalent to the provisions of the Ultra S.A. shareholders&#8217; agreement dated as of March</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">22, 2000. Such decisions became effective on the date the shares issued by the Company were admitted to trade at the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> of the B3. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As a result of the Conversion, due to the new capital structure, other shareholders&#8217; rights are currently not applicable, for instance, the right to separate elections for the Board of Directors and Fiscal Council. On the other hand, common shareholders are entitled to voting rights in any matter. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Since our shares are listed on the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, we are required to comply with heightened requirements for corporate governance. In addition, we are not permitted to issue preferred shares or any shares with restricted voting rights while listed </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">on</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> this segment</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">pursuant to its rules. As of January</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2, 2018, the new rules for </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> came into effect. Our Bylaws were amended on April</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">10, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2019</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to reflect these rules.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Description of capital stock </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On April</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">10, 2019, the Annual and Extraordinary General Shareholders&#8217; Meeting approved a stock split of the shares issued by Ultrapar, so that each share would be represented by two shares of the same class and type. The stock split did not involve any change in the capital stock, therefore being no alteration in the financial amount and shareholder participation in the Company&#8217;s capital stock. The share split was implemented on April</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">24, 2019, which was also the date that the corresponding stock split of our American Depositary Shares was implemented. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, 2023, our subscribed and paid-in capital stock consisted of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,115,212,490</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> common shares, all of which have equal voting and equity rights, with no par value, of which </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">25,710,823</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> common shares were held in treasury. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On February</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">28</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> 2024, our Board of Directors confirmed the issuance of 191,778 common shares within the limits of the authorized capital stock pursuant to Article 6 of the Company&#8217;s Bylaws, due to the partial exercise of the subscription warrants issued by the Company as of the approval of the Extrafarma transaction. These common shares have the same rights assigned to the other shares previously issued by the Company</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of the date of this annual report, the Company&#8217;s capital stock is represented by </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,115</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,507</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">182</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> common shares, all of them nominative and with no par value</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span> </p>
<p style="margin: 10pt 0pt 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Subscription warrants </span></p>
<p style="margin: 10pt 0pt 0pt; page-break-after: avoid; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As a result of the Extrafarma transaction, the Company issued subscription warrants to the former Extrafarma shareholders which could potentially lead to the issuance of up to 6,411,244 shares, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">taking into account</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the stock split approved in April 2019 (3,205,622 shares prior to the April 2019 stock split). Since 2020, the subscription warrants have been partially exercised, with an issuance of 2,594,076 common shares, to former Extrafarma shareholders. As of the date of this annual report, the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">exercise</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> of the remaining subscription warrants by the former Extrafarma shareholders could potentially lead to the issuance of up to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3,006,641</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">additional shares of Ultrapar. For more information about these subscription warrants, see Note 19 to our Consolidated Financial Statements.</span></p>
<p style="margin: 0px; break-after: avoid; text-align: justify; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br/></span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>111</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Voting rights </span></p>
<p style="margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Each common share entitles its holder to one vote at the matters of the Shareholders&#8217; Meetings, in accordance with the Brazilian Corporate Law, our Bylaws and the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> regulations. For more detailed information with respect to the voting </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">rights of our common shares see our Form 8-A filed with the SEC on August</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">15, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2011</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> in the section &#8220;Description of Capital Stock&#8212;Shareholders&#8217; Meetings&#8221; and &#8220;Exhibit 2.8 - Description of Securities Registered under Section 12 of the Exchange Act.&#8221;</span></p>
<p style="margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Also, under the Brazilian Corporate Law, only shareholders registered as such in our corporate books may attend Shareholders&#8217; Meetings. All common shares underlying the ADSs are registered in the name of the depositary bank. A holder of ADSs, accordingly, is not entitled to attend Shareholders&#8217; Meetings. A holder of ADSs is entitled to instruct the depositary bank as to how to exercise the voting rights of its common shares underlying the ADSs in accordance with procedures provided for in the Deposit Agreement, but a holder of ADSs will not be able to vote directly at a Shareholders&#8217; Meeting or appoint a proxy to do so. For more information, see &#8220;Item 3.D. Key information&#8212;Risk factors&#8212; Risks relating to our common shares and ADSs.&#8221;</span></p>
<p style="margin: 0px; break-after: avoid; text-align: justify; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br/></span></p>
<p style="margin: 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Deregistration as </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">publicly-held</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> company </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We may only deregister as a publicly-held company if such deregistration is approved by a majority of the shareholders present at a Shareholders&#8217; Meeting, which shall be conditioned to: (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the launching of a public tender offer for the acquisition of all of our outstanding shares in accordance with the provisions of the Brazilian Corporate Law, the CVM rules and regulations, the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> regulation and our Bylaws by us, our controlling shareholders or a group of controlling shareholders and (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the acceptance of at least two thirds of the shareholders representing the free float that show up at the tender offer auction (whether by selling their shares or expressly agreeing with the deregistration), in which case we would become a privately-held company. The price offered for such outstanding shares must at least correspond to the fair value of such shares as set forth in the respective appraisal report issued by a specialized institution with proven experience hired by the offeror for the purposes of the tender offer. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Shareholders holding at least 10% of the free </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">float</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> of our shares may require our management to call a special Shareholders&#8217; Meeting to determine whether to perform another valuation using the same or a different valuation method. This request must be made within 15 days following the disclosure of the price to be paid for the shares in the public tender offer. If the new valuation price is equal to or lower than the original valuation price, the shareholders making such </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">requests</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> as well as those who vote in its favor must reimburse the Company for any costs incurred in preparing the new appraisal report. If the new valuation price is higher than the original valuation price, the offeror shall then decide whether to proceed with the public tender </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">offer</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> observing the new price or withdraw the tender offer, in which case the Company will continue to be registered as a publicly held company. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Withdrawal from the Novo Mercado </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">According to the new </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Listing Rules &#8211; applicable as of January</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2, 2018 &#8211; and to our Bylaws, the withdrawal from the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> may be: (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">voluntary; or (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">mandatory, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">as a result of</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the violation of any of the rules of the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> or the deregistration as publicly-held company. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The withdrawal, however, shall only occur after the launching of a public tender offer for the Company&#8217;s outstanding shares, which shall (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">follow, as applicable, the CVM regulation that rules that the mandatory tender offer for the deregistration as publicly held company (including the abovementioned possibility to request a second valuation report); (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">be launched at a fair price, as appointed in the appraisal report issued by a specialized institution with proven experience for the purposes of the tender offer; and (iii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">be approved by at least 1/3 of the shareholders representing the free float that participate in the tender offer auction (whether by selling their shares or expressly agreeing with the withdrawal from the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">). </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The obligation to launch such public tender offer, however, may be waived by </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the majority of</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the shareholders representing the Company&#8217;s free float present at the Shareholders&#8217; Meeting convened to resolve on that matter. Such Shareholders&#8217; Meeting may be held on first call with the attendance of shareholders representing two thirds of the free float or, on second call, with the attendance of any number of shareholders representing the free float. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The withdrawal from the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">does not necessarily result in our deregistration as a publicly held company on the B3.</span></p>
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<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">If the Company participates in a corporate reorganization involving the transfer of its shareholders&#8217; base to a company that is not listed in the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, such resulting company or companies must apply for listing on </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> within one hundred and twenty days from the date of the General Shareholders&#8217; Meeting that approved the reorganization, unless the majority of the shareholders representing the Company&#8217;s free float present at such Shareholders&#8217; Meeting agrees with the non-listing of the resulting company. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Pursuant to the new rules of the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and to our Bylaws, the voluntary withdrawal shall be preceded by a public tender offer at fair market value. For the withdrawal to move forward, shareholders representing more than 1/3 of the outstanding shares must accept the tender offer or expressly agree to delist without selling the shares. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">According to the rules of the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, in the event of a transfer of our shareholding control within 12</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">months following our delisting from the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the selling controlling shareholder(s) and the acquirer must offer to acquire the remaining </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">shares for the same price and terms offered to the selling controlling shareholders, duly updated, or pay the difference, if any, between the tender offer price accepted by the former shareholders, duly updated, and the price obtained by the controlling shareholder in selling its shares. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Sale</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> of control </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In the event of a direct or indirect sale of the Company&#8217;s shareholding control, through a single or series of transactions, the acquirer must conduct a public tender offer for all shares held by the remaining shareholders to ensure equal treatment of all shareholders (tag-along right). Such right has been provided to Ultrapar&#8217;s shareholders since March</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">22, 2000, in accordance with the terms of the Ultra S.A. shareholders&#8217; agreement signed on the same date, which has since then been rescinded and replaced by our Bylaws. The tender offer is subject to applicable laws and regulations, our Bylaws and the rules of the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A public tender offer is also required when there is an assignment for consideration of share subscription rights or rights of other securities convertible into our shares, which results in the transfer of control of the Company. In such case, the acquiring shareholder must (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">complete a public tender offer for our remaining shares on the same terms and conditions offered to the selling shareholder and (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">according to our Bylaws, reimburse the counterparties from whom it has acquired our shares on the stock exchange in the six-month period preceding the transaction which resulted in a change in control. The reimbursement amount corresponds to the positive difference between the price paid to the selling shareholder in the transaction that resulted in a change of control and the adjusted price paid in the transactions carried out on the B3 during this six-month period, as adjusted by the Selic rate up until the payment date. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The buyer of a controlling interest shall, after the financial settlement of the foregoing tender offer, take </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the appropriate</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> actions to, over the course of the subsequent 18</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">months, restore the minimum percentage of outstanding shares as per the rules of the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Acquisition of a relevant interest </span></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Any person, regardless of whether he/she is a shareholder, which, on his/her own account or acting jointly with another person, acquires our shares, through a single transaction or a series of successive transactions, representing 20% or more of our capital stock, is required to make a tender offer for the acquisition of the shares held by the remaining shareholders at a price equal to the highest value per share paid by him/her in the preceding six months, adjusted pursuant to the Selic rate. Such </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">persons</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> will not be required to carry out a public tender offer in the event they </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">timely</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and cumulatively </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">sell</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> on a stock exchange the number of our shares that exceeds such thresholds, within 30</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">days from the date they provide notice to the Company </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> their intent to make such sales. In addition, the requirement to carry out a public tender offer will not apply in the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">event</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> any shareholder or group of shareholders hold more than 50% of our capital stock at the time of acquisition of the relevant interest. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Public tender offers </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A single public tender offer may be launched for more than one of the purposes provided for in our Bylaws, the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Listing rules, the Brazilian Corporate Law or in the regulations issued by the CVM, provided that the procedures used when conducting the unified public tender offer are compatible with all requirements of each individual public tender offer, the public tender offers do not suffer any damages and the authorization of the CVM is obtained, when required by the applicable law.</span></p>
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<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Shareholders&#8217; Meeting </span></p>
<p style="margin: 5pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A General Shareholders&#8217; Meeting must be convened and held in accordance with the requirements of the Brazilian Corporate Law. Shareholders&#8217; meetings are called by the publication of a notice on at least three occasions in a widely circulating newspaper of the state of S&#227;o Paulo, our principal place of business, and the newspaper&#8217;s website. As determined by the Brazilian Corporate Law, the first notice of a Shareholders&#8217; Meeting shall be given at least 21 days prior to holding the meeting. However, the CVM rules require that companies whose shares are also represented by ADSs must convene a Shareholders&#8217; Meeting no later than 30 days in advance. In addition to such newspaper publication, the CVM requires that all documents related to the agenda to be deliberated </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">upon on</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the meeting are filed with the CVM and on the CVM website (www.cvm.gov.br), as well as being made available at the Company&#8217;s headquarters and on its website, and on the B3&#8217;s website. </span></p>
<p style="margin: 5pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Holders of shares voting at a General Shareholders&#8217; Meeting have the exclusive power to: (i) amend our Bylaws; (ii) elect or dismiss members of the Board of Directors, at any time; (iii) install our Fiscal Council and elect its members; (iv) receive the yearly accounts by management and to accept or reject management&#8217;s financial statements, including the allocation of net income and the distributable amount for payment of the mandatory distribution and allocation to the various reserve accounts; (v) authorize the issuance of debentures considering the terms of our Bylaws; (vi) suspend the rights of a shareholder in the event that such shareholder does not comply with obligations imposed by law or our Bylaws; (vii) accept or reject in-kind contributions offered by a shareholder in consideration for issuance of capital stock; (viii) pass resolutions to reorganize the legal form of merge, consolidate or split the company, to dissolve and liquidate the company, to elect and dismiss our liquidators and to examine their accounts; and (ix) </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">authorize management to declare us insolvent and to file for judicial reorganization (a procedure involving protection from creditors available under the Brazilian Corporate Law). </span></p>
<p style="margin: 5pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Except as otherwise provided by the Brazilian Corporate Law, a General Shareholders&#8217; Meeting may be held if shareholders representing at least one-quarter of the voting capital are present. If no such quorum is present, a second notice must again be given eight days in advance, and a meeting may then be convened without any specific quorum requirement, subject to the minimum quorum and voting requirements for certain matters, as described below. A shareholder whose voting rights have been suspended for any reason may still attend the General Shareholders&#8217; Meeting and take part in the discussion of matters submitted for consideration. </span></p>
<p style="margin: 5pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Except as otherwise provided by law, resolutions in a General Shareholders&#8217; Meeting are passed by a simple majority vote, with abstentions not being </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">taken into account</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. In general, each share has the right to one vote. Under the Brazilian Corporate Law and in accordance with our Bylaws, the approval of shareholders representing at least one-half of the issued and outstanding shares is required for the following types of action: (i) creating a new class of shares that has a priority, preference, right, condition or redemption or amortization superior to an existing class of shares, such as preferred shares (in which case we would be required to delist from the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">segment in accordance with its rules); (ii) changing the mandatory distribution; (iii) changing the corporate purpose; (iv) entering into any merger, consolidation or reorganization of the Company; (v) dissolving or liquidating the Company, and (vi) participating in a group of companies defined under the Brazilian Corporate Law. In the case of (i), the vote of the holders of a majority of issued and outstanding shares of the affected class </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">is</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> also required. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">General Shareholders&#8217; Meetings are called and convened by the chairman of our Board of Directors and are presided over by the chairman of our Board of Directors, or a person designated by him. The chairman of the meeting shall select a secretary from among the meeting&#8217;s attendees. Shareholders&#8217; Meetings also may be called by (i) any shareholder, if our Board of Directors fails to call a Shareholders&#8217; Meeting within 60 days after the date on which it is so required; (ii) shareholders holding at least 5% of our shares if our Board of Directors fails to call a meeting within eight days after receipt of a justified request to call the meeting and by those shareholders indicating the proposed agenda; (iii) shareholders holding at least 5% of our shares if our Board of Directors fails to call a meeting within eight days after receipt of a request to call the meeting to form a Fiscal Council; and (iv) our Fiscal Council, if one exists, in the event that the Board of Directors fails to call an Annual General Shareholders&#8217; Meeting within a month of the required date. The Fiscal Council, when installed, may also call an Extraordinary General Shareholders&#8217; Meeting in the specific context set forth in the Brazilian Corporate Law.</span></p>
<p style="margin: 10pt 0pt 0pt; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Location of our Shareholders&#8217; Meeting </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our Shareholders&#8217; Meetings usually take place at our headquarters in the city of S&#227;o Paulo, located in the state of S&#227;o Paulo. The Brazilian Corporate Law permits us to hold Shareholders&#8217; Meetings elsewhere in the event of force majeure, provided that the meetings are held in the city of S&#227;o Paulo and a notice of the meeting clearly indicates where the meeting is to occur. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Also, pursuant to the terms of the CVM Resolution 81/22, as amended, the Shareholders&#8217; Meeting may occur through a digital platform and shareholder meetings held exclusively in a digital manner are considered to have taken place at the company's headquarters,</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">unless otherwise indicated. Accordingly, the shareholders shall attend the meeting through remote voting form and through digital platform, in person or by a duly appointed attorney-in-fact.</span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br/></span></p>
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<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Notice of a Shareholders&#8217; Meeting</span></p>
<p style="margin: 5pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">According to the Brazilian Corporation Law, all call notices of General Meetings must be published at least three times in a newspaper widely circulated, which, in Ultrapar&#8217;s case, is the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Valor Econ&#244;mico</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and in the newspaper&#8217;s website. The call notice must include, in addition to the place, date and time, the agenda of the meeting and, in the case of a proposed amendment to the Ultrapar Bylaws, a description of the subject matter of the proposed amendment.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Conditions of admission to our Shareholders&#8217; Meeting</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our Bylaws provide that, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in order to</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> attend a Shareholders&#8217; Meeting, each shareholder must furnish a share statement issued by the bookkeeping or custodian institution that indicates the number of shares of record held. The Company shall determine the deadline for the shareholders to furnish the share statement on the notice of the Shareholders&#8217; Meeting. Shareholders represented by proxy must send to the Company the respective power of attorney also prior to the meeting. The attorney-in-fact must have been appointed less than a year prior to the meeting, and the power of attorney must be granted to a shareholder, corporate officer, lawyer, or financial institution. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The shareholders which are investment funds must send the Company, within the same period mentioned in the paragraph above: (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">evidence of the capacity of fund manager conferred upon the individual or legal entity representing the shareholder at the Shareholders&#8217; Meeting, or the proxy granting such powers; (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the corporate action of the manager, in case it is a legal entity, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">granting powers to the representative attending the Shareholders&#8217; Meeting or to whom the power of attorney has been granted; and (iii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in the event the representative or attorney-in-fact is a legal entity, the same documents referred to in (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">above, as related thereto. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We will verify in good faith the validity of the documents showing the capacity of a shareholder&#8217;s representative and will presume the truthfulness of the credible statements made by such </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">representative</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. However, shareholders will be prohibited from participating in any meeting if such shareholders or their representatives </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">fails</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to present the respective power of attorney or the custodian&#8217;s statement (if shares are held through a custodian institution). </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In the event a shareholder participates in a meeting without proper representation as mentioned in the paragraph above, or in case such shareholder does not own the number of shares claimed to be owned by it, we will notify such </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">shareholder</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> about the issue and will disregard the votes cast by such </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">shareholder</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> at the meeting. In addition, regardless of whether we hold another Shareholders&#8217; Meeting to vote on the same matters, such shareholders will be liable for any losses and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">damages</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> arising from their acts. </span></p>
<p style="margin: 10pt 0pt 0pt; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Should a dispute arise with respect to the exclusion from a meeting under such </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">circumstance</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the dispute will be submitted to arbitration as provided for in the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> regulations and pursuant to our Bylaws.</span></p> </div>
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<div style="line-height: 1.2;">
<p style="margin: 0pt 0pt 10pt 24.5pt; break-after: avoid; text-align: justify; text-indent: -24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">C.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Material contracts </span><b><i></i></b></p>
<p style="text-align: justify; margin: 0pt 0pt 10pt; font-size: 10pt; font-family: 'Times New Roman', serif; text-indent: 0pt;"><b><i><span style="font-size: 10.0pt;">2020
Shareholders&#8217; Agreement</span></i></b><b><i></i></b></p>
<p style="text-align: justify; text-indent: 24.4pt; margin-right: 0cm; margin-left: 0cm; font-size: 10pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><span style="font-size: 10pt; line-height: inherit;">On
August 18, 2020, Ultra S.A. and Parth entered into the 2020 Shareholders&#8217;
Agreement to include P&#225;tria, in its capacity as Ultra S.A.&#8217;s shareholder then
holding a 20% stake in Ultra S.A.&#8217;s capital stock, as consenting intervening
party, therefore bound by the provisions of the 2020 Shareholders&#8217; Agreement.
The 2020 Shareholders&#8217; Agreement replaced the 2018 Shareholders&#8217; Agreement in
its entirety, and the terms and conditions remained substantially the same of
the latter. On September 28, 2021, Ultra S.A. informed the Company that Mr.
Marcos Marinho Lutz became a shareholder of Ultra S.A., holding 2.4% of its
capital stock, and became a signatory of the 2020 Shareholders&#8217; Agreement. On
May 29, 2023, Ultra S.A. and Parth amended the 2020 Shareholders&#8217; Agreement
in respect of the preemptive right related to usufruct and trust, as well as to include
Mrs. Maria Teresa Igel as&#160;usufructuary. A total of 35.6% of the Company&#8217;s
capital stock is bound by the 2020 Shareholder&#8217;s Agreement as of April 2, 2024.
See &#8220;</span><span style="font-size: 10pt; line-height: inherit;">Exhibit
2.11</span><span style="font-size: 10pt; line-height: inherit;">&#8212;</span><span style="font-size: 10pt; line-height: inherit;">Shareholders&#8217; Agreement dated August 18, 2020.&#8221;</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Extrafarma&#8217;s sale agreement</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In May 2021, Ultrapar entered into a share purchase agreement for the sale of all shares of Extrafarma to Pague Menos and, in August 2022, the transaction was closed. The total sale price of R$700.0 million was adjusted by the variations in working capital and the Net Debt position of Extrafarma of R$37.7 million resulting in the total amount of R$737.7 million, which was settled on August 1, 2022. The payment of a remaining installment of R$182.7 million will be adjusted by DI + 0.5% p.a., calculated </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">since</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">August 1, 2022, and is due in August 2024 by Pague Menos. The Company held a 100% stake in Extrafarma, through its subsidiary Ipiranga. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Oxiteno&#8217;s sale agreement</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In August 2021, we announced the signing of a share purchase agreement for the sale of all shares of Oxiteno to Indorama and, on April 1, 2022, the transaction was closed.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The initial payment of US$1,150.0 million (equivalent to R$5,449.6 million), adjusted by the variations in working capital and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">N</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">et </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">D</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ebt position of Oxiteno of US$176.4 million (equivalent to R$834,0 million), resulted in the total initial payment of US$1,326.4 million (equivalent to R$6,283.6 million), which was settled on April 1, 2022. The final payment of US$150.0 million (equivalent to R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">749.4</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million</span><span style="color: #231f20; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">) </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">was settled on April 1, 2024. Oxiteno was a </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">wholly-owned</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> subsidiary of the Company. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The conversions between U.S. dollars and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Reais</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> were based on the exchange rate of R$4.74 to US$1.00 on </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">March 3</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2022</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and of R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5.00</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to US$1.00 </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">o</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">n </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">March 31, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2024, which were the commercial selling rate for U.S. dollars as of the respective dates, as reported by the Central Bank.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Acquisition of relevant ownership position in Hidrovias</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On March 24, 2024, the Company signed, through a subsidiary, a share purchase and sale instrument for the acquisition of 128,369,488 shares of Hidrovias, which represent</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ed</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> 16.88% of Hidrovias&#8217;s total share capital (&#8220;Transaction Shares&#8221;)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> at the time</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, for a price of R$3.98/share. Prior to such transaction, Ultrapar already held 4.99% of Hidrovias&#8217; share capital, which, together with the Transaction Shares, amount</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ed</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to an ownership position of 21.87% of Hidrovias&#8217; share capital</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> at the time</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. As of March 24, 2024, the Company was also party to a financial settlement derivatives transaction referenced in shares of Hidrovias equivalent to 4.99% of its share capital (such position, the &#8220;Derivatives Position&#8221;). The transaction was concluded on May 7, 2024</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On March 25 and 26, 2024, Ultrapar disposed of its Derivatives Position and then acquired shares of Hidrovias representing approximately 5.03% of its share capital through a stock exchange transaction. Therefore, on March 26, 2024, Ultrapar became the holder of</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> additional</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> shares of Hidrovias representing approximately 10.02% of its share capital. As a result, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">with the closing of the</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> acquisition of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the Transaction</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Shares, Ultrapar bec</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">me the holder of 204,560,288 shares of Hidrovias, representing approximately 26.90% of its share capital.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of the date of this annual report</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar currently holds a stake equivalent to 4</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">9</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% of Hidrovias' share capital.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The acquisition of this stake in Hidrovias is aligned with Ultrapar's strategy to expand its presence in sectors exposed to the Brazilian agribusiness sector, mainly in the Midwest and Northern regions of Brazil, investing in companies in which Ultrapar can contribute based on its strategic, operational, administrative and financial knowledge.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar plans to be a strategic and long-term reference shareholder of Hidrovias, supporting its growth, governance and management model. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The objective of such acquisitions of shares of Hidrovias is to enable Ultrapar to exercise certain shareholder rights in Hidrovias resulting from the ownership of such shares. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Hidrovias is a Brazilian provider of integrated inland waterway transportation and related logistics services, focused on efficient and cost-effective transportation of bulk commodities cargoes. It operates in Brazil, Paraguay and Uruguay across two of the largest navigable river systems in the region: the Trombetas-Tapaj&#243;s-Amazonas and the Paraguay-Paran&#225; corridors.</span></p>
<p style="margin: 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br/></span></p>
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<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Hidrovias currently has 4 main business units:</span></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 6pt 0pt 0pt 8.68pt; padding-left: 8.4pt; text-align: justify; text-indent: 0px; margin-bottom: 6px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">North Corridor: providing navigation services on the Trombetas-Tapaj&#243;s-Amazon River system in an integrated logistic service connecting the privately-owned solid bulk cargo transshipment station in Miritituba, referred to as the "Miritituba Cargo Transshipment Station", located in the city of Itaituba, in the district of Miritituba (Par&#225;), and the privately-owned port terminal of Vila do Conde, also owned by the Company and referred to as &#8220;Vila do Conde Private Use Terminal&#8221;, situated in the city of Barcarena (Par&#225;), as well as receiving cargo directly in Barcarena. The primary cargoes currently transported through this corridor are soy, corn, and fertilizers in long term take-or-pay contracts.</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 6pt 0pt 0pt 8.68pt; padding-left: 8.4pt; text-align: justify; text-indent: 0px; margin-bottom: 6px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">South Corridor: providing inland navigation services on the Paraguay-Parana system through various routes, covering different loading and unloading terminals, in long-term take-or-pay contracts. The primary cargo transported includes iron ore, soybeans, corn, fertilizers, and pulp. In the corridor, the Company also has a minor participation in 3 </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">joint-ventures</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 6pt 0pt 0pt 8.68pt; padding-left: 8.4pt; text-align: justify; text-indent: 0px; margin-bottom: 6px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Coastal Navigation (cabotage): transporting bauxite from the Port of Trombetas (Par&#225;) to the public port in Barcarena, in a dedicated long term take-or-pay contract with one of the largest alumina refineries in the world. As of February 27, 2025, Hidrovias has signed a contract for the sale of its coastal navigation to Companhia de Navega&#231;&#227;o Norsul. As of the date of this annual report, the completion of this transaction was still subject to usual regulatory approvals and to the compliance of precedents conditions usual in this type of transaction.</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 6pt 0pt 0pt 8.68pt; padding-left: 8.4pt; text-align: justify; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Santos Terminal: comprises the 25-year lease of the port area designated as STS20, intended for the handling and storage of solid mineral bulk, particularly fertilizers and salt, within the organized Port of Santos.</span></li> </ul> </div>
<div style="line-height: 1.2;">
<div style="page: WordSection1;">
<p style="text-align: justify; break-after: avoid; margin: 10pt 0pt 0pt; font-size: 10pt; font-family: 'Times New Roman', serif; line-height: 1.2; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 10pt; line-height: inherit;">D.<span style="line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;</span></span></b><span style="line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 10pt; line-height: inherit;">Exchange controls </span></b></span></span></p>
<p style="text-align: justify; text-indent: 24.5pt; margin: 10pt 0pt 0pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">There are no restrictions on
ownership of our common shares or ADS by individual or legal entities domiciled
outside Brazil. However, the right to convert dividend payments, interest on
shareholders&#8217; equity payments, and proceeds from the sale of our shares into
foreign currency and to remit such amounts abroad is subject to restrictions
under foreign investment legislation, which may require, among other things,
that the relevant investment and the foreign investor be registered with the
Central Bank and/or the CVM, as applicable. </span></span></p>
<p style="text-align: justify; text-indent: 24.5pt; margin: 10pt 0pt 0pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Foreign investors may invest in our
shares in accordance with the mechanisms provided in Resolution 278 of the
Central Bank, dated as of December 31, 2022, as amended, or Joint Resolution No.
13/2024. Investment in accordance with Joint Resolution No. 13/2024 affords
favorable tax treatment to foreign investors who are not residents in a
favorable jurisdiction, as defined by the Brazilian tax laws. </span></span></p>
<p style="text-align: justify; text-indent: 24.5pt; break-after: avoid; margin: 10pt 0pt 0pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Portfolio
foreign investments are regulated by the Joint Resolution No. 13/2024 and the
CVM Resolution 13/20, as amended. The Joint Resolution No. 13/2024 provides
that foreign investors may invest in financial and capital markets in Brazil,
including by means of the issuance of depositary receipts in foreign markets in
respect of shares of Brazilian issuers, provided that certain requirements are
fulfilled. </span></span></p>
<p style="text-align: justify; text-indent: 24.5pt; margin: 10pt 0pt 0pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Under the Joint Resolution No.
13/2024, foreign investors may invest in the same instruments and operational
modalities available to the investors residing or domiciled in Brazil. The
definition of foreign investor includes individuals, legal entities, funds, and
other collective investment entities, residing, domiciled, or headquartered
abroad. </span></span></p>
<p style="text-align: justify; text-indent: 24.5pt; break-after: avoid; margin: 10pt 0pt 0pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Pursuant to the
Joint Resolution No. 13/2024 and the CVM Resolution 13/20, as amended, among
the requirements applicable, in order to invest in Brazil under the mentioned
resolution, a foreign investor must, as general rule:</span></span></p>
<p style="text-align: justify; text-indent: 0px; break-after: avoid; margin: 0px; font-family: 'Times New Roman', serif; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;"><br/></span></span></p>
<table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td style="width: 25px; padding: 1px 1px 12px; vertical-align: top;" valign="top">&#8226;</td>
<td style="padding: 1px 1px 12px 3px; text-align: justify; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Appoint at least one representative and a custodian for its investment in Brazil, which must be financial institutions or other institutions authorized to operate by the Central Bank or CVM, as applicable. The local representative appointed by the foreign investor shall be responsible for the registration of foreign investor with the CVM; and</span></td> </tr>
<tr>
<td style="vertical-align: top;" valign="top">&#8226;</td>
<td style="text-align: justify; padding: 0px 0px 0px 3px; vertical-align: top;" valign="top"><span style="font-size: 10pt; line-height: inherit;">Through its representative in Brazil, register itself as a foreign investor with the CVM<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">;</span></span></td> </tr> </tbody> </table>
<p style="margin: 10pt 0pt 0pt; text-align: justify; line-height: 1.2; font-family: 'Times New Roman', serif; text-indent: 24.5pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Pursuant to the Joint Resolution No.
13.2024, individuals investing in our shares are not subject to these
requirements.</span></span></p>
<p style="text-align: justify; text-indent: 24.5pt; margin: 10pt 0pt 0pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Securities and other financial
assets held by non-Brazilian investors pursuant to the Joint Resolution No.
13/2024 must be registered or maintained in deposit accounts or under the
custody of an entity duly authorized by the Central Bank or the CVM, as
applicable, or be registered with clearing houses and other entities that
provide services of registration, clearing and settlement duly licensed by the
Brazilian Central Bank or the CVM, as applicable. In the case of Depositary
Receipts (DRs), the record must be made by the Brazilian custodian entity on
behalf of the foreign depositary institution.</span></span></p>
<p style="text-align: justify; text-indent: 24.5pt; margin: 10pt 0pt 0pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Joint Resolution&#160;No. 13/2024 also provides for the issuance of depositary receipts in foreign markets in respect of shares of Brazilian issuers.</span></span></span></p>
<p style="text-align: justify; text-indent: 0px; margin: 0px; font-family: 'Times New Roman', serif; line-height: 1.2;"><br/></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>117</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="text-align: justify; text-indent: 24.5pt; margin: 10pt 0pt 0pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In addition, the Joint Resolution No.
13/2024 does not allow foreign investors to perform investments or sell the
invested assets outside of organized markets, except as expressly authorized by
the CVM through specific regulation or according to the exceptions provided in
the CVM Resolution 13/20, as amended. Pursuant to the CVM Resolution 13/20, as
amended, the exceptions for investments outside of organized markets include
subscription, stock bonus, initial public offers and the exercise of put
options for shareholders that remain following a tender offer, among others. </span></span></p>
<p style="text-align: justify; text-indent: 24.5pt; margin: 10pt 0pt 0pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Foreign investors must be
registered with the Brazilian Internal Revenue Service (&#8220;<i style="mso-bidi-font-style: normal;">Receita Federal</i>&#8221;) pursuant to the Nominative Instruction 2,119,
dated as of December&#160;6, 2022, as amended, and the Nominative Instruction
2,172, dated as of January 9, 2024, as amended. This registration process is
undertaken by the investor&#8217;s legal representative in Brazil. </span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">We have obtained a certificate of registration in the
name of The Bank of New York Mellon, the depositary, with respect to our ADS
program. Pursuant to this certificate, the custodian and the depositary are
able to convert dividends and other distributions with respect to the shares
represented by ADSs into foreign currency and to remit the proceeds outside
Brazil. In order for a holder of our ADSs to surrender its ADSs for the purpose
of withdrawing the shares represented thereby, the investor is required to
register as a Joint Resolution&#160;No. 13/2024 investor and meet the
requirements mentioned above. If the investor&#8217;s representatives fail to comply
with the requirements mentioned above, the investor may incur additional
expenses or be subject to operational delays which could affect its ability to
receive dividends or distributions relating to the shares or the return of its
capital in a timely manner. An investor who surrenders its ADSs and withdraws
the shares thereunder may be subject to less favorable Brazilian tax treatment
on the gains from the disposition of the investment than a holder of ADSs.</span></span></p> </div>
<p style="margin: 10pt 0pt 0pt 24.5pt; break-after: avoid; text-align: justify; text-indent: -24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">E.</span><span style="font-family: 'Times New Roman'; font-size: 12pt; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Taxation </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.45pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">This description does not purport to be a comprehensive description of all the tax considerations that may be relevant to any </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">particular investor</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, including tax considerations that shall arise from rules of general application to all taxpayers or to certain classes of investors or that are generally assumed to be known by investors. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.45pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">This summary is based upon tax laws of Brazil and the United States as of the date of this annual report, which are subject to change, possibly with retroactive effect, and to differing interpretations. Investors who hold our shares and ADSs should consult their own tax advisors as to the Brazilian, U.S. or other tax considerations relating to the ownership and disposition of shares or ADSs, including</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, in particular, the</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> effect of any non-U.S., state or local tax laws. </span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The tax considerations described below do not consider the effects of a possible future income tax treaty between Brazil and the United States. We cannot assure you as to whether or when an income tax treaty will enter into force or how it will affect U.S. holders of our shares or ADSs. </span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">This summary does not address any tax issues that affect solely the Company, such as the deductibility of expenses</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Brazilian tax considerations</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">General.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> The following discussion summarizes the main Brazilian tax considerations relating to the ownership and disposal of our shares or ADSs, as the case may be, by a holder that is not domiciled in Brazil for purposes of Brazilian taxation and, in the case of shares, has registered its investment in such securities with the Central Bank as a direct investment (in each case, a &#8220;non-Brazilian holder&#8221;). The following discussion does not address all the Brazilian tax considerations applicable to any </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">particular non-</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Brazilian holder. Therefore, each non-Brazilian holder should consult his or her own tax advisors concerning the Brazilian tax considerations relating to an investment in our shares or ADSs. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The Law</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> No.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">12,973/14 established new rules regarding the withholding tax exemption available on the payment of dividends and interest on capital. The legislation had no material impact, as foreseen by the tax consultants in the 20-F form in the previous year</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Taxation of dividends.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Dividends paid by us, including stock dividends and other dividends paid in property, to the depositary in respect of the shares, or to a non-Brazilian holder in respect of shares, are currently exempted from withholding tax in Brazil to the extent that the dividends are paid out of profits as of January</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1, 1996. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Dividends relating to profits generated prior to January</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1996</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> may be subject to Brazilian withholding income tax at varying rates, depending on the year the profits were generated</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></p>
<p style="margin: 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><br/></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>118</span></span></td> </tr> </tbody> </table>
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<p style="margin:0pt"><br/></p>
<p style="margin: 0pt; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 32.5333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-style: italic; font-weight: bold; line-height: inherit;">Interpretation of the discussion on the definition of &#8220;favorable tax jurisdiction.&#8221;<span>&#160;</span></span>On June&#160;4, 2010, Brazilian tax authorities enacted the Normative Instruction&#160;1,037 listing (i)&#160;the countries and jurisdictions considered as favorable tax jurisdiction or where local legislation does not allow access to information related to the shareholding composition of legal entities,<span>&#160;</span>to their ownership,<span>&#160;</span>or to the identity of the effective beneficiary of the income attributed to non-residents, or &#8220;tax haven&#8221; jurisdictions, and (ii)&#160;the<span>&#160;</span>privileged tax regimes, whose definition is provided by the Law No.&#160;11,727/08. Although we believe that the best interpretation of the current tax legislation could lead to the conclusion that the above mentioned &#8220;privileged tax regime&#8221; concept should apply solely for purposes of Brazilian transfer pricing, thin capitalization and controlled foreign company rules, we cannot assure you whether subsequent legislation or interpretations by the Brazilian tax authorities regarding the definition of a &#8220;privileged tax regime&#8221; provided by the Law No.&#160;11,727/08 will also apply to a non-Brazilian holder on payments potentially made by a Brazilian source.</span></p>
<p style="margin: 0pt; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br/></span></p>
<p style="margin: 0pt; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Moreover, on November</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">28, 2014, due to the enactment of Ordinance No.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">488, the definition of a favorable tax jurisdiction, for the purposes described above, was changed from jurisdictions where there is no income tax, or the income tax applicable rate</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">is inferior to 20%, to jurisdictions where there is no income tax, or the income tax applicable rate is inferior to 17% (if the country is aligned with the international standards of fiscal transparency defined by Brazilian legislation). </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We recommend prospective investors consult their own tax advisors from time to time to verify any possible tax consequences arising from the Normative Ruling No.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,037/10 and Law No.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">11,727/08. If the Brazilian tax authorities determine that the concept of &#8220;privileged tax regime&#8221; provided by the Law No.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">11,727/08 will also apply to a non-Resident Holder on payments potentially made by a Brazilian source, the withholding income tax applicable to such payments could be assessed at a rate up to 25%</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></p>
<p style="margin: 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br/></span></p>
<p style="margin: 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Payments of interest on capital.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> The </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Law No.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">9,249/95 permits Brazilian corporations to make distributions to shareholders of interest on capital, or interest attributed to shareholders&#8217; equity. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">These distributions may be paid in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">cash</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and such payments represent a deductible expense from the payer&#8217;s corporate income tax and social contribution on </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">net</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> income tax basis. The deduction of such interest is limited to the daily pro rata variation of the Federal Government&#8217;s TJLP, as determined by the Central Bank from time to time, and cannot exceed the greater of:</span></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0px; margin-bottom: 6px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>50</span>% of net income (determined after the social contribution on net </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">income</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and before the provision for corporate income tax, and the amounts attributable to shareholders as interest on net equity) related to the period in which the payment is made; or </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>50</span>% of the sum of accrued profits and profits reserves. </span></li> </ul>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As a general rule</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, any payment of interest on capital to shareholders (including holders of ADSs in respect of shares) is subject to a withholding income tax at a rate of 15%, or 25% if the non-Brazilian holder is domiciled in a &#8220;tax haven&#8221; jurisdiction (&#8220;tax haven holder&#8221;). These payments may be included, net of withholding income taxes, as part of any mandatory dividend. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">To the extent that payments of interest on capital are included as part of a mandatory dividend, we are required to distribute an additional amount to ensure that the net amount received by shareholders, after the payment of the applicable withholding income tax, is at least equal to the mandatory dividend. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Distributions of interest on net equity to foreign holders may be converted into U.S. dollars and remitted outside Brazil, subject to applicable exchange controls, to the extent that the investment is registered with the Central Bank. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We cannot assure you if our Board of Directors will determine that future distributions should be made by means of dividends or interest </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">on</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> capital. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Taxation of gains.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> According to the Law No.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">10,833/03, the gains recognized on a disposal of assets located in Brazil, such as our shares, by a non-Brazilian holder, are subject to withholding income tax in Brazil. This rule is applicable regardless of whether the disposal is conducted in Brazil or abroad and/or if the disposal is made to an individual or entity resident or domiciled in Brazil, or not. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As a general rule</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, capital gains realized </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">as a result of</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> a disposal transaction are the positive difference between the amount realized on the disposal of the shares and the respective acquisition cost. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Under the Brazilian law, however, income tax rules on such gains may vary depending on the domicile of the non-Brazilian holder, the type of registration of the investment by the non-Brazilian holder with the Brazilian Central Bank and how the disposition is carried out, as described below.</span></p>
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<p style="margin: 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Capital gains realized by non-Brazilian holders on the disposal of shares sold on the Brazilian stock exchange (which includes the transactions carried out on the organized over-the-counter market):</span></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Are subject to the withholding income tax at a <span>0</span>% rate when realized by a non-Brazilian holder that (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">has registered its investment in Brazil before the Central Bank under the rules of the Resolution <span>4,373</span> issued by the Brazilian Monetary Counsel (&#8220;registered holder&#8221;) and (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">is not resident or located in a country or location which is defined as a &#8220;favorable tax jurisdiction&#8221;, as described above; and </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Are subject to income tax at a rate of <span>15</span>% with respect to gains realized by (i) a non-Brazilian holder that is not a registered holder (including a non-Brazilian holder who qualifies under the Law No.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span>4,131</span>/<span>62</span>) and is not resident or domiciled in a &#8220;favorable tax jurisdiction&#8221; and (ii) gains earned by tax haven holders that are registered holders. In this case, a withholding income tax of <span>0.005</span>% shall be applicable and withheld by the intermediary institution (</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">i.e.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, a broker), and can be later offset against any income tax due on the capital gain. </span></li> </ul>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Any other gains realized on the disposal of shares that are sold on the Brazilian stock exchange or on the organized over-the-counter market: </span></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Are subject to income tax at a rate of <span>15</span>%</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> when realized by any non-Brazilian holder that is not a tax haven holder, no matter if </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">they are </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a registered holder or not; and </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Are subject to income tax at a rate of <span>25</span>% when realized by a tax haven holder, no matter if </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">they are </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a registered holder or not. </span></li> </ul>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In the cases above, if the gains are related to transactions conducted on the Brazilian non-organized over-the-counter market with intermediation, the withholding income tax of 0.005% shall also be applicable on the gross proceeds and can be offset against any income tax due on the capital gain. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Any exercise of preemptive rights relating to shares will not be subject to Brazilian income tax. Gains realized by a non-Brazilian holder on the disposal of preemptive rights will be subject to Brazilian income tax according to the same rules applicable to disposal of shares. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">There can be no assurance that the current favorable tax treatment of registered holders will continue in the future. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Furthermore, according to the general rules set forth in the Law No.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">13,259/16, any other gains on the disposal of shares (out of the Brazilian stock exchange and qualified under the Law No.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4,131/62) are subject to income tax at a progressive rate from 15% to 22.5%, or 25%, if the resident is in a &#8220;favorable tax jurisdiction&#8221; or tax haven. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Sale of ADS and shares by non-Brazilian holders to other non-residents in Brazil </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Pursuant to Section</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">26 of the Law No.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">10,833/03, the sale of property located in Brazil involving non-resident investors is subject to Brazilian income tax as of February</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1, 2004. Our understanding is that ADSs do not qualify as property located in Brazil and, thus, should not be subject to the Brazilian withholding tax. We cannot assure you, however, that the Brazilian tax authorities or the Brazilian courts will agree with this interpretation. As a result, gains on a disposition of ADSs by a non-Brazilian holder to a non-resident, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in the event that</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> courts determine that ADSs would constitute assets located in Brazil, may be subject to income tax in Brazil, according to the rules applicable to our common shares, as described above.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Insofar as the regulatory norm referred to in Section</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">26 is generic and since, at the present time, no definitive jurisprudence provided by the Brazilian Superior Courts has been established with respect to this matter, we are unable to assure the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">final outcome</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> of such discussion.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Gains on the exchange of ADS for shares </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Although there is no clear regulatory guidance, the exchange of ADSs for shares should not be subject to Brazilian income tax. Non-Brazilian holders may exchange their ADSs for the underlying shares, sell the shares on a Brazilian stock exchange and remit abroad the proceeds of the sale within five business days from the date of exchange (in reliance on the depositary&#8217;s electronic registration). For further information, see &#8220;&#8212;Taxation of bonds and securities transactions (IOF/bonds).&#8221; Our understanding is that the exchange of ADSs for the underlying shares and sale of shares within the period mentioned above by a non-Brazilian holder that (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">is a registered holder and (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">is not a tax haven holder, should not be subject to the withholding income tax.</span></p>
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<p style="margin: 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Upon receipt of the underlying shares in exchange for ADSs, non-Brazilian holders may also elect to register with the Central Bank the U.S. dollar value of such shares as a foreign portfolio investment under the rules of the Brazilian Monetary Counsel, which will entitle them to the tax treatment referred above in connection with registered holders. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Alternatively, the non-Brazilian holder is also entitled to register with the Central Bank the U.S. dollar value of such shares as a foreign direct investment under the Law No.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4,131/62, in which case the respective sale would be subject to the tax treatment of non-Brazilian holders that are not registered holders. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Gains on the exchange of shares for ADS </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The deposit of shares in exchange for the ADSs may be subject to Brazilian income tax on capital gains if the amount previously registered with the Central Bank as a foreign investment in shares (direct investment registered under Law No.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4,131/62) or, in the case of registered holders, the acquisition cost of the shares</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, as the case may be, is</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> lower than: </span></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The average price per share on the Brazilian stock exchange on which the greatest number of such shares were sold on the day of the deposit; or </span></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 6pt 0pt 0pt 8.68pt; padding-left: 9.17pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">If no shares were sold on that day, the average price on the Brazilian stock exchange on which the greatest number of shares were sold during the <span>15</span> preceding trading sessions. </span></li> </ul>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The difference between the amount previously registered, or the acquisition cost</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, as the case may be, and</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the average price of the shares, calculated as set forth above, is considered </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a capital</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> gain subject to income tax at a rate of 15%, or 25% for tax haven holders. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Taxation of foreign exchange transactions (IOF/exchange). </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">IOF/exchange is imposed on the conversion of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Reais </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">into foreign currency and on the conversion of foreign currency into </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Reais</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of the date of this annual report</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the applicable rate for most foreign currency exchange transactions is 0.38%, however, in the case of the settlement of foreign exchange transactions for the flow of capital into the country, made by foreign investors, for transactions in the financial and capital markets, the applicable rate is 0%. On March 15, 2022, the Brazilian Government issued the Decree 10,997/22, which establishes that IOF rate should be reduced to zero by 2029. The Brazilian Federal Government is permitted to increase the rate at any time, up to 25%. However, any increase in rates only applies to future transactions. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Taxation of bonds and securities transactions (IOF/bonds). </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Law No.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">8,894/94 created the IOF/bonds, which may be imposed on any transaction involving bonds and securities, even if the transaction includes Brazilian stock, futures, or commodities exchange. The STF decided that the transfer of shares shall be taxed by IOF/bonds. The current rate of IOF/bonds with respect to transactions of shares is 0%. Regarding the ADSs, under the Decree No.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">8,165/13 which amended the Decree No.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6,306/07, the IOF/bonds rate applicable to the transfer of shares listed on the Brazilian stock exchange, with the specific purpose of guaranteeing the issuance of depositary receipts in the foreign market, is currently 0%. The Brazilian government may increase the rate up to 1.5%</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">per day during the terms of the securities, but only with respect to future transactions relating to shares or ADSs. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Other Brazilian taxes.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Some Brazilian states impose gift and inheritance tax on gifts or bequests made by individuals or entities not domiciled or residing in Brazil to individuals or entities domiciled or residing within such states. There are no Brazilian stamp, issue, registration, or similar taxes or duties payable by holders of shares or ADSs. </span></p> </div>
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<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">U.S. federal income tax consideration</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">s</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The following is a discussion of U.S. federal income tax considerations relating to the ownership and disposition of our shares or ADSs, but it does not purport to be a comprehensive description of all the tax considerations that may be relevant to U.S. holders of our shares or ADSs. The discussion applies only to a U.S. holder that holds our shares or ADSs as capital assets (generally, for investment purposes) for U.S. federal income tax purposes and does not address all the U.S. federal income tax considerations that may be relevant to a holder in light of its particular circumstances or to holders subject to special rules, such as dealers and traders in securities or currencies, financial institutions, insurance companies, tax-exempt entities, real estate investment trusts, regulated investment companies, persons that own, or have owned directly, indirectly or constructively, 10% or more of our shares (by vote or value) for U.S. federal income tax purposes, persons holding our shares or ADSs as part of a hedging transaction, wash sale, straddle, conversion transaction or other integrated transaction for U.S. federal income tax purposes, persons entering into a &#8220;constructive sale&#8221; with respect to our shares or ADSs for U.S. federal income tax purposes, persons that have a functional currency for U.S. federal income tax purposes other than the U.S. dollar, certain former citizens or long-term residents of the United States, and persons who acquired our shares or ADSs pursuant to the exercise of any employee stock option or otherwise as compensation.</span></p>
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<p style="margin: 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Moreover, this discussion does not address the U.S. federal estate and gift tax, Medicare contribution or alternative minimum tax considerations relating to the ownership or disposition of our shares or ADSs. U.S. holders should consult their tax advisors with respect to the U.S. federal, state, local and non-U.S. tax considerations relating to the ownership and disposition of our shares or ADSs. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">This discussion is based on the Code, administrative pronouncements, judicial decisions, and final, temporary and proposed U.S. Treasury regulations, in each case as in effect and available on the date hereof. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">All of</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the foregoing is subject to change (possibly on a retroactive basis), or differing interpretations, which could affect the U.S. federal income tax considerations described herein. There can be no assurance that the IRS or a court will not take a contrary position with respect to any U.S. federal income tax considerations described below. In addition, this discussion assumes that each obligation provided for in or otherwise contemplated by the Deposit Agreement and any other related document will be performed in accordance with its terms. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For purposes of this discussion, a &#8220;U.S. holder&#8221; is a beneficial owner of our shares or ADSs that is for U.S. federal income tax purposes (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a citizen or individual resident of the United States, (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a corporation, or other entity taxable as a corporation, created or organized under the laws of the United States or any political subdivision thereof, (iii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">an estate the income of which is subject to U.S. federal income taxation regardless of its source, or (iv)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a trust, (1)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">if such trust has validly elected to be treated as a U.S. person for U.S. federal income tax purposes, or (2)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">if</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a court within the United States is able to exercise primary supervision over its administration and</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">one or more U.S. persons have the authority to control all of the substantial decisions of such trust. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">If a partnership, or any other entity or arrangement treated as a partnership for U.S. federal tax income tax purposes, holds shares or ADSs, the U.S. federal income tax treatment of a partner in such partnership will generally depend on the status of the partner and on the activities of the partnership. Partnerships holding our shares or ADSs and partners in such partnerships should consult their tax advisors as to the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">particular U.S.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> federal income tax considerations of owning and disposing of our shares or ADSs. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Ownership of ADSs in general </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In general, U.S. holders of ADSs will be treated for U.S. federal income tax purposes as owners of the shares underlying the ADSs. Accordingly, no gain or loss will be recognized if a U.S. holder exchanges ADSs for the underlying shares represented by those ADSs or exchanges the underlying shares represented by those ADSs for ADSs. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Taxation of distributions </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Subject to the discussion below under &#8220;&#8212;Passive foreign investment company&#8221;, the gross amount of any distributions made to a U.S. holder on our shares or ADSs, before reduction for any Brazilian taxes, including withholding taxes attributable to interest on equity, will be includable as ordinary dividend income on the day on which the dividends are actually or constructively received by a U.S. holder to the extent paid out of our current or accumulated earnings and profits, as determined for U.S. federal income tax purposes. A distribution </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in excess of</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> our current or accumulated earnings and profits will be treated as a non-taxable return of capital to the extent of the U.S. holder&#8217;s adjusted basis in our shares or ADSs and as a capital gain to the extent it exceeds the U.S. holder&#8217;s basis. We do not maintain calculations of our earnings and profits under U.S. federal income tax principles. Therefore, U.S. holders should expect that distributions by us will generally be treated as dividends to U.S. holders for U.S. federal income tax purposes. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A non-corporate U.S. holder will be subject to tax at the lower capital gain tax rate applicable to &#8220;qualified dividend income&#8221;, provided that certain conditions are satisfied, including that (1)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">our shares or ADSs, as applicable, are readily tradable on an established securities market in the United States, (2)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">we are neither a PFIC nor treated as such with respect to a U.S. holder (as discussed below) for the taxable year in which the dividend was paid and the preceding taxable year, and (3)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">certain holding period requirements are met. Although no assurance may be given, we believe that our ADSs are readily tradable on the NYSE, which is an established securities market in the United States. There can be no assurance, however, that our ADSs will be considered readily tradable on an established securities market in the United States in later years.</span></p>
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<p style="margin: 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Dividends paid to U.S. holders in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Reais</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> will be includable in income in a U.S. dollar amount based on the exchange rate in effect on the date of actual or constructive receipt </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">whether or not</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> converted into U.S. dollars at that time. If dividends received in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Reais</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> are converted into U.S. dollars on the day they are actually or constructively received, the U.S. holder will generally not be required to recognize foreign currency gain or loss in respect of the dividend income. Assuming the payment is not converted at that time, the U.S. holder will have a tax basis in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Reais</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> equal to that U.S. dollar amount, which will be used to measure gain or loss from subsequent changes in exchange rates. Any gain or loss that a U.S. holder recognizes on a subsequent conversion of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Reais</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> into U.S. dollars (or other disposition) will generally be U.S. source ordinary income or loss for U.S. foreign tax credit purposes. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Dividends on our shares or ADSs received by a U.S. holder will generally be treated as foreign source income and will generally constitute passive category income for U.S. foreign tax credit purposes. Subject to certain conditions and limitations under U.S. federal income tax law concerning credits or deductions for non-U.S. taxes and certain exceptions for short-term and hedged positions, a Brazilian withholding tax imposed on dividends would be treated as a foreign income tax eligible for credit against a U.S. holder&#8217;s U.S. federal income tax liability (or at a U.S. holder&#8217;s election may be deducted in computing taxable income if the U.S. holder has elected to deduct all foreign income taxes for the taxable year). The rules with respect to foreign tax credits are complex and U.S. holders should consult their tax advisors regarding the availability of the foreign tax credit under their circumstances. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Taxation of sale, exchange or other disposition of shares or ADSs </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Subject to the discussion below under &#8220;&#8212;Passive foreign investment company&#8221;, a U.S. holder will generally recognize gain or loss on the sale, exchange or other disposition of a share or ADS in an amount equal to the difference between the amount realized (including the gross amount of the proceeds before the reduction of any Brazilian tax) on such sale, exchange or other disposition and the U.S. holder&#8217;s adjusted tax basis in such share or ADS. Subject to the discussion below under &#8220;&#8212;Passive foreign investment company&#8221;, gain or loss on the sale, exchange or other disposition of a share or ADS will be capital gain or loss and will be long-term capital gain or loss if the U.S. holder held such share or ADS for more than one year. Gain or loss recognized by a U.S. holder </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">will generally be treated as U.S. source gain or loss for U.S. foreign tax credit </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">purposes, as the case may be</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. An individual U.S. holder may be entitled to preferential rates of taxation for net long-term capital gains. The deductibility of capital losses is subject to limitations under the Code. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A U.S. holder&#8217;s initial tax basis of our shares or ADSs will be the U.S. dollar value of the purchase price determined on the date of the purchase. If our shares or ADSs are treated as traded on an &#8220;established securities market,&#8221; a cash basis U.S. holder (or, if it elects, an accrual basis U.S. holder) will determine the U.S. dollar value of the cost of such shares or ADSs by translating the amount paid at the spot rate of exchange on the settlement date of the purchase. The conversion of U.S. dollars to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Reais</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and the immediate use of that currency to purchase shares or ADSs will generally not result in taxable gain or loss for a U.S. holder. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A U.S. holder that receives </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Reais</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> upon a sale, exchange or other disposition of our shares or ADSs will realize an amount equal to the U.S. dollar value of the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Reais</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> on the date of sale, exchange, or other disposition. If our shares or ADSs are treated as traded on an &#8220;established securities market,&#8221; a cash basis U.S. holder (or, if it elects, an accrual basis U.S. holder) will determine the U.S. dollar value of the amount realized by translating the amount received at the spot rate of exchange on the settlement date of the sale, exchange or other disposition. A U.S. holder will have a tax basis in </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Reais</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> received equal to that U.S. dollar amount. Any gain or loss realized by a U.S. holder on a subsequent conversion of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Reais</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> into U.S. dollars (or other disposition) will generally be U.S. source ordinary income or loss for U.S. foreign tax credit purposes. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">If any gain from the sale, exchange or other disposition of our shares or ADSs is subject to Brazilian tax, U.S. holders may not be able to credit such taxes against their U.S. federal income tax liability under the U.S. foreign tax credit limitations of the Code since such gain will generally be U.S. source income, unless such tax can be credited (subject to applicable limitations) against tax due on other income treated as derived from foreign sources. Alternatively, the U.S. holder may take a deduction for the Brazilian income tax if such holder so elects and does not take a credit for any foreign income tax during the taxable year. The rules with respect to foreign tax credits are complex and U.S. holders should consult their tax advisors regarding the availability of the foreign tax credit under their </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">particular circumstances</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Passive foreign investment company </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In general, certain adverse consequences could apply to a U.S. holder if we are treated as a PFIC for any taxable year during which the U.S. holder holds our shares or ADSs. A non-U.S. corporation will be classified as a PFIC for U.S. federal income tax purposes in any taxable year in which, after applying certain look-through rules, either (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">at least 75% of its gross income consists of &#8220;passive income&#8221;, such as dividends, interest, rents, royalties and certain gains, including certain gains from commodities transactions, other than those that meet the Commodity Exception, or (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">at least 50% of the average quarterly value of its gross assets is attributable to assets that produce or are held for the production of passive income.</span></p>
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<p style="margin: 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We must make </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a separate</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> determination each year as to whether we are a PFIC. Based on a review of our gross income and assets, the way we currently operate our businesses, the current market price of our shares, and the current interpretation of the PFIC rules, including the Commodity Exception, we believe that we were not a PFIC for U.S. federal income tax purposes for the 2023 taxable year. However, the determination as to whether we are a PFIC for any taxable year is based on the application of complex U.S. federal income tax rules, which are subject to differing interpretations, depends upon the composition of a company&#8217;s income and assets and the market value of its assets from time to time, and is not made until after the end of a taxable year. Consequently, there can be no assurance that we will not be considered a PFIC for the current taxable year or any subsequent taxable year. </span></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">If we are a PFIC for any taxable year during which a U.S. holder holds our shares or ADSs, a U.S. holder of our shares or ADSs may be subject to imputed interest charges and other generally adverse tax consequences with respect to any gain from the sale, exchange or other taxable disposition of, and certain &#8220;excess distributions&#8221; with respect to, our shares or ADSs. Distributions received in a taxable year that are greater than 125% of the average annual distributions received during the shorter of (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the three preceding taxable years or (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a U.S. holder&#8217;s holding period for the shares or ADSs will be treated as &#8220;excess distributions.&#8221; Under these special tax rules: (A)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">any excess distributions or gain will be allocated ratably to each day in the U.S. holder&#8217;s holding period for the shares or ADSs, (B)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the amount allocated to the taxable year of disposition, and any taxable year prior to the first taxable year in which we are a PFIC, will be treated as ordinary income, and (C)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the amount allocated to each other taxable years that we were a PFIC will be subject to tax at the highest tax rate applicable to ordinary income in effect for such taxpayer for each such earlier taxable year and the interest charge generally applicable to underpayments of tax will be imposed on the resulting tax attributable to each such year. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">If we are a PFIC for any taxable year during which a U.S. holder holds our shares or ADSs and any of our non-U.S. subsidiaries is also a PFIC, such U.S. holder would be treated as owning a proportionate amount (by value) of the shares of the lower-tier PFIC and would be subject to the rules described above on certain distributions by such lower-tier PFIC and a disposition of shares of such lower-tier PFIC even though such U.S. holder would generally not receive the proceeds of those distributions or dispositions. U.S. holders should consult their tax advisors regarding the application of the PFIC rules to any of our subsidiaries. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">If a company that is a PFIC provides certain information to U.S. holders, a U.S. holder can then avoid certain adverse tax consequences described above by making a &#8220;qualified electing fund&#8221; election to be taxed currently on its proportionate share of the PFIC&#8217;s ordinary income and net capital gains. However, a qualified electing fund election will not be available to U.S. holders because we do not intend to provide the necessary information to allow U.S. holders to make such an election for any tax year in which we are a PFIC. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Alternatively, a U.S. holder of &#8220;marketable stock&#8221; in a PFIC may make a mark-to-market election with respect to such stock. Marketable stock is stock that is traded in other than de minimis quantities on at least 15 days during each calendar quarter (&#8220;regularly traded&#8221;) on a qualified exchange (such as the NYSE) or other market as defined in applicable U.S. Treasury regulations. We believe that our shares and ADSs qualify as being regularly traded on a qualified exchange, but no assurances can be given in this regard. If a U.S. holder makes this election, such holder will generally (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">include as ordinary income for each taxable year the excess, if any, of the fair market value of our shares or ADSs held at the end of the taxable year over the adjusted tax basis of such shares or ADSs and (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">deduct as an ordinary loss the excess, if any, of the adjusted tax basis of our shares or ADSs over the fair market value of such shares or ADSs held at the end of the taxable year, but only to the extent of the amount previously included in income as a result of the mark-to-market election. The U.S. holder&#8217;s adjusted tax basis in our shares or ADSs would be adjusted to reflect any income or loss resulting from the mark-to-market election. If a U.S. holder makes a mark-to-market election in respect of a corporation classified as a PFIC and such corporation ceases to be classified as a PFIC, such holder will not be required to </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">take into account</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the gain or loss described above during any period that such corporation is not classified as a PFIC. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Because a mark-to-market election cannot be made for any lower-tier PFICs that we may own, a U.S. holder may continue to be subject to the PFIC rules with respect to such holder&#8217;s indirect interest in any investments held by us that are treated as an equity interest in a PFIC for U.S. federal income tax purposes. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">U.S. holders should consult their tax advisors regarding the tax consequences that would arise if we were treated as a PFIC for U.S. federal income tax purposes, including the possibility of making a mark-to-market election.</span></p>
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<p style="margin: 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Foreign tax credit for Brazilian taxes </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Any Brazilian IOF/exchange tax imposed on a purchase of our shares or ADSs or IOF/bonds tax imposed on a transaction (as discussed above under &#8220;Brazilian tax considerations&#8221;) will not be treated as a creditable foreign tax for U.S. federal income tax purposes. U.S. holders should consult their tax advisors regarding the tax consequences of these Brazilian taxes. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Certain reporting requirements </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Certain U.S. holders are required to report to the IRS information relating to an interest in our shares or ADSs, subject to exceptions (including an exception for shares or ADSs held in accounts maintained by certain financial institutions), by attaching a complete IRS Form</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">8938, Statement of Specified Foreign Financial Assets, with their tax return for each year in which they held an interest in our shares or ADSs. If a U.S. holder holds our shares or ADSs in any year in which we are treated as a PFIC with respect to such U.S. holder, the U.S. holder will be required to file IRS Form</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">8621. U.S. holders should consult their tax advisors regarding the application of the U.S. information reporting rules to their </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">particular circumstances</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">THE PRECEDING DISCUSSION OF U.S. FEDERAL INCOME TAX CONSIDERATIONS IS INTENDED FOR GENERAL INFORMATION ONLY AND DOES NOT CONSTITUTE TAX ADVICE. U.S. HOLDERS SHOULD CONSULT THEIR TAX ADVISORS AS TO THE U.S. FEDERAL, STATE, LOCAL AND NON-U.S. TAX CONSEQUENCES TO THEM OF AN INVESTMENT IN OUR SHARES OR ADSs.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; text-indent: 0pt; line-height: inherit;">F.&#160;&#160;&#160;&#160;&#160;&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; text-indent: 0pt; line-height: inherit;">Dividends and paying agents</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.45pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Not applicable.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; text-indent: 0pt; line-height: inherit;">G.&#160;&#160;&#160;&#160;&#160;&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; text-indent: 0pt; line-height: inherit;">Statement by experts</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 24.45pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Not applicable.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; text-indent: 0pt; line-height: inherit;">H.&#160;&#160;&#160;&#160;&#160;&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; text-indent: 0pt; line-height: inherit;">Documents on display</span></p> </div>
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<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Statements contained in this annual report as to the contents of any contract or other document referred to are not necessarily complete, and each of these statements is qualified in all respects by reference to the full text of such </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">contract</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> or other document filed as an exhibit hereto. A copy of the complete annual report including the exhibits and schedules filed herewith is available on </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the website maintained by the SEC that contains information filed electronically with the SEC, which can be accessed over the internet at http://www.sec.gov. You may also inspect and copy reports and other information that we file with or </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">furnish</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to the SEC at the SEC&#8217;s Public Reference Room located at 100 F Street, N.E., Washington D.C. 20549. Copies of these materials may be obtained by mail from the SEC&#8217;s Public Reference Room at prescribed rates. The public may obtain information on the operation of the SEC&#8217;s Public Reference Room by calling the SEC in the United States at 1-800-SEC-0330.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We are subject to the information and periodic reporting requirements of the Securities Exchange Act of 1934 as amended, and, in accordance therewith, file periodic reports and other information with the SEC. However, as a foreign private issuer, we are exempt from the rules under the Exchange Act relating to the furnishing and content of proxy statements and relating to short-swing profits reporting and liability. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We also file financial statements and other periodic reports with the CVM located at Sete de Setembro Street, 111, Rio de Janeiro, Brazil, 20050-901. In addition, the CVM maintains a website that contains information filed electronically with them, which can be accessed over the internet at https://www.gov.br/cvm/en?set_language=en. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">You may obtain additional information about us on our website at https://ri.ultra.com.br/en. The information contained therein is not necessarily part of this annual report.</span></p>
<p style="margin: 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br/></span></p>
<p style="margin: 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; text-indent: 0pt; line-height: inherit;">I.&#160;&#160;&#160;&#160;&#160;&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Subsidiary information </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Not applicable. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; text-indent: 0pt; line-height: inherit;">J.&#160;&#160;&#160;&#160;&#160;&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Annual report </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">to</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"> security holders </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Not applicable.</span> </p> </div>
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<p style="margin: 0pt; break-after: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"><br/></span></p>
<div style="margin: 0pt; break-after: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB01_163202503638932" class="customBookmark"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">ITEM</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">11.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit; margin-left: 23px;">QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK </span></a></div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">You should read this discussion along with Note 2</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to our Consolidated Financial Statements. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries are exposed to strategic/operational risks and economic/financial risks. Operational/strategic risks (including demand behavior, competition, technological innovation, and material changes in the industry) are addressed by the Company&#8217;s management model. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Economic/financial risks primarily reflect default of customers, behavior of macroeconomic variables, such as commodities prices, exchange and interest rates, as well as the characteristics of the financial instruments used and their counterparties. These risks are managed through specific strategies and control policies. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> The Company has a financial risk policy approved by its Board of Directors (&#8220;Policy&#8221;). In accordance with the Policy, the main objectives of financial management are to preserve the value and liquidity of financial assets and ensure financial resources for the development of the business, including expansions. The main financial risks considered in the Policy are market risks (currencies, interest rates and commodities), liquidity and credit.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The Financial Risk Committee (&#8220;Committee&#8221;) is responsible for monitoring the compliance with the Policy and deciding on any cases of non-compliance. The Audit and Risk Committee (&#8220;CAR&#8221;) advises the Board of Directors in the efficiency of controls and in the review of the Risk Management Policy. The Risk, Integrity and Audit Director monitors the compliance with the Policy and reports to CAR and the Board of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Directors</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the exposure to the risks and any cases of non-compliance with the Policy. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries are exposed to the following risks, which are mitigated and managed using specific financial instruments:</span></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Risks</span></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Exposure origin</span></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Management</span></td> </tr>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 30%; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">E</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">xchange rate</span>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 35%; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Possibility of losses resulting from exposures to exchange rates other than </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the functional presentation currency, which may be of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">financial</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> or operational origin.</span>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 35%; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Seek exchange rate neutrality, using hedging instruments if applicable.</span>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">I</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">nterest rate</span>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Possibility of losses resulting from the contracting of fixed-rate financial assets or liabilities.</span>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Maintain most of the net financial exposure indexed to floating rates, linked to the basic interest rate.</span>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">C</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ommodity prices</span>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Possibility of losses resulting from changes in the prices of the main raw materials or products sold by the Company and their effects on profit or loss, balance sheet and cash flow.</span>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Hedging instruments, if applicable.</span>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span>
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</td> </tr>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Credit risk</span>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Possibility of losses associated with the counterparty's failure to comply with financial obligations due to insolvency issues or deterioration in risk classification.</span>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Diversification and monitoring of counterparty&#8217;s solvency and liquidity indicators.</span>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 33px; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Liquidity risk</span>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 33px; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Possibility of inability to honor obligations, including guarantees, and incurring losses.</span>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 33px; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For cash management: financial investments liquidity. For debt management: seek the combination of better terms and costs, by monitoring the ratio of average debt term to financial leverage.</span>
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<p style="margin:0pt"><br/></p>
<p style="margin: 0pt; break-after: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Exchange rate</span></p>
<p style="margin: 12pt 0pt 5pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of December 31, 2024, the Company had a net liability position in foreign currency of R$617.5 million (US$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">99.7</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million) comprised of liabilities in foreign currency that totaled R$7,659.1 million (US$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,236.9</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million), including mainly financing in foreign currency, gross of transaction costs and discount, and payables arising from imports, net of advances to foreign suppliers, partially compensated by assets in foreign currency that totaled R$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">7,041.6 </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">million (US$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,137.2</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million), including mainly investments indexed to U.S. dollars and hedging instruments used to manage fluctuations of exchange rates and foreign currency receivables exposures. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For more information about our exchange rate risk, see Note 2</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.a to our Consolidated Financial Statements.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Interest rate</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of December 31, 2024, the Company had a net liability position exposed to floating interest rates of R$6,337.7 million (US$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,023.5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> million), including mainly financing linked to DI that totaled R$3,515.0 million (US$567.6 million), hedging instruments swapping fixed rates, inflation linked rates or fixed rates in foreign currency to floating interest rates that totaled R$6,380.1 million (US$1,030.3 million), partially compensated by cash, cash equivalents or financial investments in Brazilian Reais linked to floating rates that totaled R$3,558.1 million (US$574.6 million).&#160; For more information about our interest rate risk, see Note 2</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.a to our Consolidated Financial Statements. </span></p>
<p style="margin: 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&#160;</span></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Exchange rate
</span></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Interest rate
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-image: initial; width: 15%; background-color: #cceeff; border-width: 1px; border-color: #000000 !important; border-style: solid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(28</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.6)</span>
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<p style="margin: 12pt 0pt 5pt; text-indent: 24.4pt; line-height: 1.2; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For the exchange rate sensitivity analysis, the Company used the average U.S. dollar rate of R$6.4226, based on future market curves as of December 31, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2024,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> on the net position of the Company exposed to the currency risk, simulating the effects of devaluation of the Real on profit or loss. The closing rate considered was R$6.1923. The table above shows the effects of the exchange rate changes on the net liability position of R$617.5 million (or US$99.7 million) in foreign currency as of December 31, 2024.</span></p>
<p style="margin: 12pt 0pt 5pt; text-indent: 24.4pt; line-height: 1.2; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the interest rate sensitivity analysis</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the Company used as a base scenario the market curves affected by the Interbank Deposit (DI) rate. The sensitivity analysis shows the incremental expenses and income that would be recognized in financial </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">result</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, if the market curves of floating interest at the base date were applied to the average balances of the current year. The annual base rate used was 10.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">88</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% and the sensitivity rate was 1</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4.77</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% according to reference rates made available by B3.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">C</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">ommodity prices</span></p>
<p style="margin: 12pt 0pt 5pt; text-indent: 24.4pt; line-height: 1.2; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">To mitigate this risk, the Company continuously monitors the market and uses hedge operations with derivative contracts, traded on the stock exchange and the over-the-counter market.</span></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2024
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&#160;
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 52%; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Commodity forward</span>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1%; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; text-align: right; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(7.7</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1%; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; text-align: right; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; text-align: right; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">20.7</span>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; text-align: right; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; text-align: right; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; text-align: right; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(12.4</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1%; margin: 0px; text-indent: 0px; text-align: left; background-color: #cceeff;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; text-align: right; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; text-align: right; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2.7</span>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; text-align: right; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table>
<p style="margin: 10pt 0pt 0pt; text-indent: 24.4pt; line-height: 1.2; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The table above shows the positions of derivative financial instruments to hedge commodity price risk as of December 31, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2024,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and December 31, 2023, in addition to a sensitivity analysis considering a valuation of 10% of the closing price for each year.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> For more information about our commodity prices risk, see Note 2</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.b to our Consolidated Financial Statements.</span></p>
<p style="margin: 0pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br/></span></p>
<p style="margin: 0pt; break-after: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Credit risk</span></p>
<p style="margin: 10pt 0pt 0pt; text-indent: 24.4pt; line-height: 1.2; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of December 31, 2024, the Company had 94% of its cash, cash equivalents, financial investments and derivative financial instruments within counterparties with AAA credit rating. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For more information about our credit risk, see Note 2</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.c.1 to our Consolidated Financial Statements. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Liquidity risk</span></p>
<p style="margin: 10pt 0pt 0pt; text-indent: 24.4pt; line-height: 1.2; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries have sufficient working capital and sources of financing to meet their current needs. As of December 31, 2024, the Company and its subsidiaries had R$4,624.6 (US$746,8 million) in cash, cash equivalents, and short-term financial investments. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For more information about our liquidity risk, see Notes 4 and 2</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.d to our Consolidated Financial Statements</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For information regarding capital management, selection and use of derivative financial instruments, hedge accounting and energy trading futures contracts, see Notes 2</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.e, 2</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.f, 2</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.g and 2</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.h </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">to our Consolidated Financial Statements.</span></p>
<p style="margin: 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br/></span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>127</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div>
<div>
<p style="margin: 0pt; break-after: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"><br/></span></p>
<div style="margin: 0pt; break-after: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB02_16320250375046" class="customBookmark"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">ITEM</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">12.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">DESCRIPTION OF SECURITIES OTHER </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">THAN EQUITY SECURITIES</span></a></div>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; text-indent: 0pt;">A.&#160; &#160; &#160; Debt securities</span></p>
<p style="margin: 10pt 0pt 0pt 55.1pt; break-after: avoid; text-align: justify; text-indent: -55.1pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Not applicable.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; text-indent: 0pt; line-height: inherit;">B. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; text-indent: 0pt; line-height: inherit;">&#160; &#160; &#160;Warrants and rights</span></p>
<p style="margin: 10pt 0pt 0pt 55.1pt; break-after: avoid; text-align: justify; text-indent: -55.1pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Not applicable.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; text-indent: 0pt; line-height: inherit;">C. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; text-indent: 0pt; line-height: inherit;">&#160; &#160; &#160;Other securities</span></p>
<p style="margin: 10pt 0pt 0pt 55.1pt; break-after: avoid; text-align: justify; text-indent: -55.1pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Not applicable.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; text-indent: 0pt; line-height: inherit;">D. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; text-indent: 0pt; line-height: inherit;">&#160; &#160; &#160;American depositary shares</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In the United States, our common shares are traded in the form of ADSs. Each of our ADSs represents one common share of Ultrapar, issued by The Bank of New York Mellon, as depositary, pursuant to a deposit agreement, dated September</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">16, 1999, as amended and restated on August</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">23, 2005, on August</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">22, 2011, and on March</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2, 2018. The depositary&#8217;s principal executive office is located at 240 Greenwich Street, New York, New York 10286. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Fees and expenses</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The following table summarizes the fees and expenses payable by holders of ADSs: </span></p>
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<th style="vertical-align: bottom; height: 17px; text-align: left; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Persons</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;"> depositing or withdrawing shares must pay:</span><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;</span>
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<th style="padding-left: 7.2pt; vertical-align: bottom; height: 17px; text-align: left; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">For</span><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;</span>
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<td style="vertical-align: top; height: 20px; width: 49.5%; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">$5.00 (or less) per 100 ADSs (or portion of 100 ADSs)</span>
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<td style="vertical-align: top; width: 1%; background-color: #cceeff;"><br/></td>
<td style="vertical-align: top; height: 20px; width: 49.5%; padding: 0px 0px 8px; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(i) Issuance of ADSs, including issuances resulting from a distribution of shares or rights or other property<br/></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(ii) Cancellation of ADSs for the purpose of withdrawal, including if the Deposit Agreement terminates</span>
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<td style="vertical-align: top; height: 17px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">$0.05 (or less) per ADSs (or portion thereof)</span>
</td>
<td style="vertical-align: top;"><br/></td>
<td style="vertical-align: top; height: 17px; padding: 0px 0px 8px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Any cash distribution</span>
</td> </tr>
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<td style="vertical-align: top; height: 34px; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A fee equivalent to the fee that would be payable if securities distributed to investors had been </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">shares</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and the shares had been deposited for issuance of ADSs</span>
</td>
<td style="vertical-align: top; background-color: #cceeff;"><br/></td>
<td style="vertical-align: top; height: 34px; padding: 0px 0px 8px; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Distribution of securities to holders of deposited securities which are distributed by the depositary to ADS holders</span>
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<tr style="height: 17px;">
<td style="vertical-align: top; height: 17px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">$0.05 (or less) per ADS (or portion thereof) per annum</span>
</td>
<td style="vertical-align: top;"><br/></td>
<td style="vertical-align: top; height: 17px; padding: 0px 0px 8px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Depositary services </span>
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<td style="vertical-align: top; height: 34px; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Registration or transfer fees</span>
</td>
<td style="vertical-align: top; background-color: #cceeff;"><br/></td>
<td style="vertical-align: top; height: 34px; padding: 0px 0px 8px; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Transfer and registration of shares on our share register to or from the name of the depositary or its agent when investors deposit or withdraw shares</span>
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<td style="vertical-align: top; height: 34px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Expenses of the depositary</span>
</td>
<td style="vertical-align: top;"><br/></td>
<td style="vertical-align: top; height: 34px; padding: 0px 0px 8px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(i) Cable (including SWIFT) and facsimile transmissions (when expressly provided in the deposit agreement)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(ii) Converting foreign currency to U.S. dollars</span>
</td> </tr>
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<td style="vertical-align: top; height: 34px; padding: 0px 0px 8px; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Taxes and other governmental charges the depositary&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">or the custodian </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">have to</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> pay on any ADS or share </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">underlying </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">an ADS</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, for example, stock transfer taxes, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">stamp duty or withholding taxes</span>
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<td style="vertical-align: top; background-color: #cceeff;"><br/></td>
<td style="vertical-align: top; height: 34px; background-color: #cceeff;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As necessary</span>
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<td style="vertical-align: top; height: 17px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Any charges incurred by the depositary or its agents for </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">servicing the deposited securities</span>
</td>
<td style="vertical-align: top;"><br/></td>
<td style="vertical-align: top; height: 17px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As necessary</span>
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<p style="margin: 0pt; break-after: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br/></span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>128</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 0pt; break-after: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br/></span></p>
<p style="margin: 0pt; break-after: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Payment of taxes </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The depositary may deduct the amount of any taxes owed from any payments to investors who hold ADSs. It may also sell deposited securities, by public or private sale, to pay any taxes owed. Investors who hold ADSs will remain liable if the proceeds of the sale are not sufficient to pay the taxes. If the depositary sells deposited securities, it will, if appropriate, reduce the number of ADSs to reflect the sale and pay to investors who hold ADSs any proceeds, or send to investors who hold ADSs any property, remaining after it has paid the taxes. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Reimbursement of fees </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The Bank of New York Mellon, as depositary, has agreed to reimburse us for expenses we incur that are related to the establishment and maintenance of the ADS facility including, but not limited to, investor relations expenses. The depositary has also agreed to pay its standard out-of-pocket maintenance expenses for providing services to registered DR holders, which consist of the expenses of postage and envelopes for mailing annual and interim financial reports, printing and distributing dividend checks, U.S. IRS tax reporting, mailing required tax forms, stationery, postage, facsimile, and telephone. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Reimbursement of </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">fees incurred</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> in 2024</span></p>
<p style="margin: 10pt 0pt 0pt; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">From January</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2024</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2024</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, Ultrapar received from the depositary US$</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1.1 million</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> related to continuing maintenance expenses of the ADS facility, including but not limited to, investor relations expenses.</span> </p> </div>
<div style="line-height: 1.2;">
<div style="line-height: 11pt; margin: 10pt 0pt 0pt; break-after: avoid; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BS0_183202544514623" class="customBookmark"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">PAR</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">T II </span></a></div>
<div style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB03_163202503822709" class="customBookmark"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">ITEM</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">13.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">DEFAULTS, DIVIDEND ARR</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">EARAGES AND DELINQUENCIES </span></a></div>
<p style="margin: 0pt; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br/></span></p>
<p style="margin: 0pt; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">None.</span></p> </div>
<div style="line-height: 1.2;">
<div style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB04_163202503830621" class="customBookmark"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">ITEM</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">14.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS </span></a></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt 0pt; text-indent: 24.4pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As approved by the Annual and Extraordinary General Shareholders&#8217; Meeting held on April 13, 2022, the mandatory dividend to be paid to the shareholders was reduced to 25% of the adjusted net income. This reduction adjusted our Bylaws to article 202, paragraph 2, of the Brazilian Corporate Law, allowing a better cash allocation. The Company may, at its own discretion, pay more dividends to its shareholders. </span></p> </div>
<div style="line-height: 1.2;">
<div style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB05_163202503838726" class="customBookmark"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">ITEM</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">15.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">CONTROLS AND PROCEDURES</span></a></div>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">(a)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit; margin-left: 17px;">Disclosure C</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">ontrols and P</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">rocedures </span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Under our management&#8217;s supervision and with their participation, including our Chief Executive Officer and Chief Financial and Investor Relations Officer, we performed an evaluation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act, as of December 31, 2024. The Company&#8217;s disclosure controls and procedures are designed to provide reasonable assurance that information required to be disclosed in the reports that the Company files or submits under the Exchange Act is (a) recorded, processed, summarized and reported within the time periods specified in the SEC&#8217;s rules and forms and (b) accumulated and communicated to our management, including the Chief Executive Officer and the Chief Financial and Investor Relations Officer, to allow timely decisions regarding required </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">disclosure. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Based on this evaluation, our Chief Executive Officer and Chief Financial and Investor Relations Officer concluded that our disclosure controls and procedures were</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">effective</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">as of December 31, 2024</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br/></span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>129</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 0pt; break-after: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"><br/></span></p>
<p style="margin: 0pt; break-after: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">(b)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit; margin-left: 18px;">Management&#8217;s annual report on internal control over financial reporting </span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act. The Company&#8217;s internal control over financial reporting is a process designed by, or under the supervision of, our Chief Executive Officer and Chief Financial and Investor Relations Officer, and effected by our Board of Directors, management, and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. The Company&#8217;s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">IFRS a</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">s issued by the IASB</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the Company&#8217;s assets that could have a material effect on the financial statements.</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Because of inherent limitations of internal controls over financial reporting, including the possibility of improper management override of controls, material misstatements due to error or fraud may not be prevented or detected on a timely basis. Therefore, even those systems of internal control over financial reporting determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation.</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In this context, our management, under oversight of our Board of Directors, has assessed the effectiveness of the Company&#8217;s internal control over financial reporting as of December 31, 2024, based on the criteria established in the Internal Control &#8211; Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (&#8220;COSO&#8221;).</span></p>
<p style="font-size: 10pt; line-height: 108%; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Based on such </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">assessment</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and criteria, our management concluded that our internal controls over financial reporting were effective as of December 31, 2024.</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In accordance with guidance issued by the SEC, in certain situations, companies are permitted to exclude acquisitions from their first assessment of internal control over financial reporting for the first fiscal year in which the acquisition occurred. Our evaluation of the effectiveness of our internal control over financial reporting as of December 31, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2024</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> did not include the internal controls over financial reporting of Witzler Participa&#231;&#245;es S.A., as the Company completed the acquisitions of 51,7% of the outstanding share capital on September 10, 2024. The combined net assets, total assets, net revenue from sales and services and net income of Witzler, as reflected in their combined financial statements as of and for the year ended December 31, 2024, represented approximately </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">%, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% and </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% of our net assets, total assets, net revenue from sales and services and net income reflected in our consolidated financial statements as of and for the same period.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">(c)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit; margin-left: 16px;">Report of the independent registered public accounting firm on internal control over financial reporting </span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The Company&#8217;s independent registered public accounting firm, Deloitte Touche Tohmatsu Auditores Independentes Ltda., audited the consolidated financial statements included in this Annual Report on Form</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">20-F and</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">issued an audit report expressing its opinion on the effectiveness of the Company&#8217;s internal controls over financial reporting as of December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, 2024. The report of the independent registered public accounting firm appears on page F-5 of this annual report on Form 20-F.</span></p>
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<p style="margin: 0pt; break-after: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"><br/></span></p>
<p style="margin: 0pt 0pt 10pt; break-after: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">(d)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit; margin-left: 16px;">Changes in internal control over financial reporting</span></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Remediation of the material weaknesses identified as of December 31, 2023</span></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Described below are the changes in internal controls over financial reporting that were carried out during 2024 to remediate the previously reported material weakness.</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In response to the material weakness related to the reported deficiency in the process of monitoring activities carried out by Company personnel with restrictive access to and authority over our IT systems management and controls operations that we identified as of December 31, 2023 and disclosed in our annual report on Form 20-F for that year, our management implemented a remediation plan in 2024, under which: (i) controls were improved considering the implementation of a new monitoring strategy for such privileged access and timely response to the results of such review and assessment; (ii) new controls were implemented to ensure the completeness of privileged accesses identification; (iii) formalization and dissemination within the Company of an internal procedure that establishes the definition of privileged access over our IT systems based on the company&#180;s risk review</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of December 31, 2024, management completed the implementation of these remediation activities, and the changes implemented in our internal controls were tested by our management as part of the assessment of our internal control over financial reporting. Accordingly, management has assessed that the implementation of these activities has remediated the material weakness identified in respect of the year ended December 31, 2023.</span></p> </div>
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<div style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB06_16320250391229" class="customBookmark"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">ITEM</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">16.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">[RESERVED] </span></a></div>
<div style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB07_16320250392213" class="customBookmark"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">ITEM</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">16A.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">AUDIT COMMITTEE FINANCIAL EXPERT </span></a></div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On April 19, 2023, the Audit and Risks Committee </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">appointed </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Mr. Jos&#233; Mauricio Pereira Coelho</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to act</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> as financial expert </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">as that term defined by the SEC in its final rules implementing Section 407 of the Sarbanes-Oxley Act of 2002.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> For a discussion of the role of our statutory Audit and Risks Committee, see &#8220;Item 6.C. Directors, senior management and employees&#8212;Board practices&#8212;Committees of the Board of Directors&#8212;Audit and Risks Committee.&#8221;</span></p> </div>
<div style="line-height: 1.2;">
<div style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB08_16320250392978" class="customBookmark"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">ITEM</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">16B.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">CODE OF ETHICS </span></a></div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In 2004, we established a Code of Ethics which covered (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the Board of Directors; (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">all Executive Officers (including the Chief Executive Officer and the Chief Financial and Investor Relations Officer); (iii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the Fiscal Council of Ultrapar; (iv)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the Board of Directors and Executive Officers of its subsidiaries; and (v)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">remaining bodies with technical or advisory functions that are directly subordinated to the Board of Directors, the Executive Officers or the Fiscal Council of Ultrapar. Our Code of Ethics was amended on June</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">17, 2009, to (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">improve certain existing items of the code by including examples of acceptable or unacceptable behavior and clarifying the language to avoid misunderstanding of such items and (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">improve access to the channel for reporting non-compliance with the code. On July</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, 2013, we amended our Code of Ethics </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in order to</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> increase the number of permanent members of the Conduct Committee from three to four members. On September</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">17, 2014, the Code of Ethics was fully revised. On December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">13, 2017, our Board of Directors approved a new Code of Ethics, which came into effect on March</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1, 2018. The Code of Ethics was fully revised on December 8, 2021, and came into effect on March 17, 2022. On March 29, 2023, the Code of Ethics was revised to include the principles and values of the Company with immediate effects. On December 11, 2024, the Code of Ethics was revised to simplify its structure and include updated guidelines, such as controls and procedures to support our financial reports and the use of artificial intelligence. The </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">revised version</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">came</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> into effect in March 2025. For the</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;amended Code of Ethics please see our 6-K filed with the SEC on March 29, 2023. The objective of this code is (i)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">to reduce the subjectivity of personal interpretations of ethical principles; (ii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">to be a formal and institutional benchmark for the professional conduct of the employees, including the ethical handling of actual or apparent conflicts of interests, becoming a standard for the internal and external relationship of Ultrapar with its stakeholders, namely: shareholders, clients, employees, partners, suppliers, service providers, labor unions, competitors, society, government and the communities in which it operates; and (iii)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">to ensure that the daily concerns with efficiency, competitiveness and profitability do not override ethical behavior. </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Also, in 2014, we approved the Corporate Policy on Anti-Corruption and the Relationship with the Public and Private Sector, applicable to shareholders, employees of the Company, third parties and business partners when representing or acting on behalf of the Company. On December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">13, 2017, our Board of Directors approved a new Corporate Policy on Anti-Corruption and the Relationship with the Public and Private Sector, which came into effect on March</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1, 2018. On December 8, 2021, our Board of Directors approved a fully revised Corporate Policy on Anti-Corruption and the Relationship with the Public and Private Sector, which came into effect on March 17, 2022. A revised Corporate Policy was approved by the Board of Directors on December 11, 2024, which </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">has</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> come</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> into effect in March 2025. This policy consolidates the guidelines for corruption prevention to be adopted in the relationship with public officers to protect the integrity and transparency of our businesses. For our complete revised Corporate Policy on Anti-Corruption and the Relationship with the Public and Private Sector, please see our 6-K filed with the SEC on March 21, 2022.</span></p>
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<p style="margin: 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br/></span></p>
<p style="margin: 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On September</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">21, 2016, our Board of Directors approved the Corporate Competition Policy applicable to employees of the Company, third parties and business partners. This policy establishes guidelines for preventing and combating violations of competition law and ensuring compliance with all competition laws, to be adopted by Ultrapar and its subsidiaries, as well as in corporate transactions in which they are involved. In October 2018, our Board of Directors approved an updated version of the Corporate Competition Policy. On March 27, 2024, our Board of Directors approved a revised Corporate Competition Policy, which came into effect in May 2024.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Also in 2016, the Company approved the Conflict of Interests Policy, applicable to employees of the Company, third parties and business partners when representing or acting on behalf of the Company. This policy provides for standard behaviors and professional conduct of the employees, including the ethical handling of actual or apparent conflicts of interests. The Policy was revised in 2021, now called the Conflict of Interest and Related Party Transactions Corporate Policy. On </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">February 26</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2025</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, our Board of Directors approved a revised Conflict of Interest and Related Party Transactions Corporate Policy.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">You can obtain a copy of our Code of Ethics and of all mentioned policies above, free of charge, at our Investor Relations website (ri.ultra.com.br), on &#8220;Governance&#8221; section, subsection &#8220;Bylaws, Codes and Policies</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8221;</span></p> </div>
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<div style="margin: 10pt 0pt 0pt 55pt; break-after: avoid; text-align: justify; text-indent: -55pt; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB09_163202503944133" class="customBookmark"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">ITEM</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">16C.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">PRINCIPAL ACCOUNTANT FEES AND SERVICES </span></a></div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The relationship with our independent registered public accounting firm in respect to the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">contracting of</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> services unrelated to the external audit is based on principles that preserve the independence of the independent registered public accounting firm. Our Board of Directors approves our Consolidated Financial Statements, the performance by our independent registered public accounting firm of audit and permissible non-audit services, and associated fees, supported by our Audit and Risks Committee. See &#8220;Item</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6. Directors, senior management and employees&#8212;Board practices</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8212;Committees of the Board of Directors</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8212;Audit and Risks Committee&#8221; for more information about the responsibilities of the Audit and Risks Committee. </span></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our Consolidated Financial Statements for the years ended December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, 2024, December</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2023</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and December 31, 2022, were audited by the independent registered public accounting firm Deloitte Touche Tohmatsu Auditores Independentes Ltda.</span></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The following table describes the total amount billed to us by Deloitte Touche Tohmatsu Auditores Independentes Ltda. for the services performed in 2024, 2023 and 2022, respectively:</span></p>
<p style="margin: 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br/></span></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; height: 70px; width: 100%;" width="100%">
<thead>
<tr style="height: 10px; background-color: #cceeff;">
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #ffffff; margin-left: 0.1px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;</span>
</th>
<th style="vertical-align: top; height: 10px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">2024</span>
</th>
<th style="vertical-align: top; background-color: #ffffff; margin-left: 0.1px;"><br/></th>
<th style="vertical-align: top; background-color: #ffffff; margin-left: 0.1px;"><br/></th>
<th style="vertical-align: top; height: 10px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">2023</span>
</th>
<th style="vertical-align: top; background-color: #ffffff; margin-left: 0.1px;"><br/></th>
<th style="vertical-align: top; background-color: #ffffff; margin-left: 0.1px;"><br/></th>
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">2022</span><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;</span>
</th>
<th style="padding-left: 7.2pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px;"><br/></th> </tr>
<tr style="height: 10px;">
<th style="padding-left: 7.2pt; vertical-align: bottom; height: 10px; background-color: #ffffff; margin-left: 0.1px;"><span style="font-family: 'Times New Roman'; font-size: 8pt; line-height: inherit;">&#160;</span>
</th>
<th style="vertical-align: top; height: 10px; background-color: #ffffff; margin-left: 0.1px;" colspan="7"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">(in</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">thousands</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">of</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;">Reais</span><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">)</span>
<br/></th>
<th style="vertical-align: top; background-color: #ffffff; margin-left: 0.1px;"><br/></th> </tr> </thead>
<tbody>
<tr style="height: 10px; background-color: #cceeff;">
<td style="height: 10px; vertical-align: bottom; width: 65%; background-color: #cceeff;" valign="bottom"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Audit fees</span></td>
<td style="height: 10px; vertical-align: bottom; text-align: right; width: 10%; background-color: #cceeff;" valign="bottom"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">8,078.4</span>
</td>
<td style="vertical-align: bottom; width: 1%; background-color: #cceeff;"><br/></td>
<td style="vertical-align: bottom; width: 1%; background-color: #cceeff;"><br/></td>
<td style="height: 10px; vertical-align: bottom; text-align: right; width: 10%; background-color: #cceeff;" valign="bottom"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">7,604.7</span>
</td>
<td style="vertical-align: bottom; width: 1%; background-color: #cceeff;"><br/></td>
<td style="vertical-align: bottom; width: 1%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; height: 10px; vertical-align: bottom; text-align: right; width: 10%; background-color: #cceeff;" valign="bottom"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6,031.5</span>
</td>
<td style="padding-left: 7.2pt; vertical-align: bottom; width: 1%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Audit related fees</span></td>
<td style="height: 10px; vertical-align: bottom; text-align: right;" valign="bottom"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">150</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">0</span>
</td>
<td style="vertical-align: bottom;"><br/></td>
<td style="vertical-align: bottom;"><br/></td>
<td style="height: 10px; vertical-align: bottom; text-align: right;" valign="bottom"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,702.6</span>
</td>
<td style="vertical-align: bottom;"><br/></td>
<td style="vertical-align: bottom;"><br/></td>
<td style="padding-left: 7.2pt; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">348.1</span>
</td>
<td style="padding-left: 7.2pt; vertical-align: bottom;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Tax fees</span></td>
<td style="height: 10px; vertical-align: bottom; text-align: right; background-color: #cceeff;" valign="bottom"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</span>
</td>
<td style="vertical-align: bottom; background-color: #cceeff;"><br/></td>
<td style="vertical-align: bottom; background-color: #cceeff;"><br/></td>
<td style="height: 10px; vertical-align: bottom; text-align: right; background-color: #cceeff;" valign="bottom"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">125.6</span>
</td>
<td style="vertical-align: bottom; background-color: #cceeff;"><br/></td>
<td style="vertical-align: bottom; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; height: 10px; vertical-align: bottom; text-align: right; background-color: #cceeff;" valign="bottom"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">119.2</span>
</td>
<td style="padding-left: 7.2pt; vertical-align: bottom; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">All other fees</span></td>
<td style="height: 10px; vertical-align: bottom; text-align: right;" valign="bottom"><span>-</span></td>
<td style="vertical-align: bottom;"><br/></td>
<td style="vertical-align: bottom;"><br/></td>
<td style="height: 10px; vertical-align: bottom; text-align: right;" valign="bottom"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">146.9</span>
</td>
<td style="vertical-align: bottom;"><br/></td>
<td style="vertical-align: bottom;"><br/></td>
<td style="padding-left: 7.2pt; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</span>
</td>
<td style="padding-left: 7.2pt; vertical-align: bottom;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Total consolidated fees</span></td>
<td style="height: 10px; vertical-align: bottom; text-align: right; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">8,228.4</span></td>
<td style="vertical-align: bottom; background-color: #cceeff;"><br/></td>
<td style="vertical-align: bottom; background-color: #cceeff;"><br/></td>
<td style="height: 10px; vertical-align: bottom; text-align: right; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">9,579.8</span>
</td>
<td style="vertical-align: bottom; background-color: #cceeff;"><br/></td>
<td style="vertical-align: bottom; background-color: #cceeff;"><br/></td>
<td style="padding-left: 7.2pt; height: 10px; vertical-align: bottom; text-align: right; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">6,498.7</span>
</td>
<td style="padding-left: 7.2pt; vertical-align: bottom; background-color: #cceeff;"><br/></td> </tr> </tbody> </table>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Audit fees&#8221; are the aggregate fees billed by our independent registered public accounting firm for the audit of our Consolidated Financial Statements, reviews of interim financial information and attestation services that are provided in connection with statutory and regulatory filings or engagements.</span></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Audit related fees&#8221; are fees</span><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> related to procedures in connection with the offering process of securities and assurance services related to the Integrated Report.</span></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Tax fees&#8221; are fees related to tax compliance services over ECF (&#8220;</span><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Escritura&#231;&#227;o Cont&#225;bil Fiscal</span><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8221; &#8211; Tax Accounting Escrituration for companies in Brazil). </span></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;All other fees&#8221; are fees related to courses taught by Deloitte to Ultrapar, mainly related to the Sarbanes-Oxley Act.</span></p>
<p style="margin: 12pt 0pt 0pt; break-after: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Pre-approval policies and procedures </span></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In order to</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> adapt to the new rules for the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> segment, the Annual and Extraordinary General Shareholders&#8217; Meeting held on April</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">10, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2019</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> decided that our Audit and Risks Committee must function on a permanent basis to advise the Board of Directors. This committee is responsible for recommending to the Board of Directors the retention and dismissal of independent audit services, as well as proposing to the Board of Directors the nomination of the independent auditor and their replacement and to define the pre-approval policy for hiring services that may be provided by the independent auditor.</span></p>
<p style="margin: 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br/></span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>132</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"><br/></span></p>
<div style="margin: 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB10_163202503957245" class="customBookmark"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">ITEM</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES </span></a></div>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">None.</span></p> </div>
<div style="line-height: 1.1;">
<div style="margin: 10pt 0pt 0pt 55pt; break-after: avoid; text-align: justify; text-indent: -55pt; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB11_16320250404108" class="customBookmark"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">ITEM</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">16E.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS </span></a></div>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On November 28, 2024, a buyback program of Ultrapar&#8217;s common shares was approved by our Board of Directors. The program is limited to a maximum of 25,000,000 common shares and will last for 12 months, starting from December 2, 2024. The shares bought back may be used in the Company&#8217;s stock-based incentive plan, held in treasury, and/or subsequently canceled or sold.</span></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The following table reflects purchases of our equity securities made by the Company in 2024 until March 2025.</span></p>
<p style="margin: 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br/></span></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">
<tbody>
<tr>
<td style="vertical-align: middle; border-image: initial; text-align: center; border-width: 1px; border-color: #000000 !important; border-style: solid;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Period
</span></td>
<td style="vertical-align: middle; border-image: initial; text-align: center; border-width: 1px; border-color: #000000 !important; border-style: solid;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Total number of shares purchased
</span></td>
<td style="vertical-align: middle; border-image: initial; text-align: center; border-width: 1px; border-color: #000000 !important; border-style: solid;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Average price paid per share (in R$)
</span></td>
<td style="vertical-align: middle; border-image: initial; text-align: center; border-width: 1px; border-color: #000000 !important; border-style: solid;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Total number of shares purchased as part of publicly announced plans or programs
</span></td>
<td style="vertical-align: middle; border-image: initial; text-align: center; border-width: 1px; border-color: #000000 !important; border-style: solid;"><span style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; line-height: inherit;">Maximum number of shares that may yet be purchased under the plans or programs
</span></td> </tr>
<tr style="background-color: #cceeff;">
<td style="vertical-align: middle; border-image: initial; width: 44%; background-color: #cceeff; border-width: 1px; border-color: #000000 !important; border-style: solid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">December 1, 2024 &#8211; December 31, 2024
</span></td>
<td style="vertical-align: middle; border-image: initial; width: 10%; text-align: center; background-color: #cceeff; border-width: 1px; border-color: #000000 !important; border-style: solid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">8,900,000
</span></td>
<td style="vertical-align: middle; border-image: initial; width: 10%; text-align: center; background-color: #cceeff; border-width: 1px; border-color: #000000 !important; border-style: solid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">16.74</span></td>
<td style="vertical-align: middle; border-image: initial; width: 18%; text-align: center; background-color: #cceeff; border-width: 1px; border-color: #000000 !important; border-style: solid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">8,900,000
</span></td>
<td style="vertical-align: middle; border-image: initial; width: 18%; text-align: center; background-color: #cceeff; border-width: 1px; border-color: #000000 !important; border-style: solid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">16,100,000
</span></td> </tr>
<tr>
<td style="vertical-align: middle; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">January 1, 2025 &#8211; January 31, 2025
</span></td>
<td style="vertical-align: middle; border-image: initial; text-align: center; border-width: 1px; border-color: #000000 !important; border-style: solid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-
</span></td>
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<td style="vertical-align: middle; border-image: initial; text-align: center; border-width: 1px; border-color: #000000 !important; border-style: solid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-
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<td style="vertical-align: middle; border-image: initial; background-color: #cceeff; border-width: 1px; border-color: #000000 !important; border-style: solid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">February 1, 2025 &#8211; February 28, 2025
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<td style="vertical-align: middle; border-image: initial; text-align: center; background-color: #cceeff; border-width: 1px; border-color: #000000 !important; border-style: solid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-
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<td style="vertical-align: middle; border-image: initial; text-align: center; background-color: #cceeff; border-width: 1px; border-color: #000000 !important; border-style: solid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-
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<td style="vertical-align: middle; border-image: initial; text-align: center; background-color: #cceeff; border-width: 1px; border-color: #000000 !important; border-style: solid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-
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<td style="vertical-align: middle; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">March 1, 2025 &#8211; March 30, 2025
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<td style="vertical-align: middle; border-image: initial; text-align: center; border-width: 1px; border-color: #000000 !important; border-style: solid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">6,874,500
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<td style="vertical-align: middle; border-image: initial; text-align: center; border-width: 1px; border-color: #000000 !important; border-style: solid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">16.64</span></td>
<td style="vertical-align: middle; border-image: initial; text-align: center; border-width: 1px; border-color: #000000 !important; border-style: solid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">15,774,500
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<td style="vertical-align: middle; border-image: initial; text-align: center; border-width: 1px; border-color: #000000 !important; border-style: solid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">9,225,500
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<div style="margin: 18pt 0pt 0pt; break-after: avoid; text-align: justify; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB12_163202504019518" class="customBookmark"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">ITEM</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">16F. CHANGE IN REGISTRANT&#8217;S CERTIFYING ACCOUNTANT </span></span></a></div>
<p style="margin: 10pt 0pt 0pt; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Not applicable. </span></p> </div>
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<div style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB13_163202504026173" class="customBookmark"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">ITEM</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">16G. CORPORATE GOVERNANCE </span></span></a></div>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">Under the rules of the NYSE, foreign private issuers are subject to a more limited set of corporate governance requirements than are U.S. domestic issuers. As a foreign private issuer, we must comply with four principal NYSE corporate governance rules: (i)</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">we must satisfy the requirements of Exchange Act Rule</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">10A&#8211;3 relating to audit committees; (ii)</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">our Chief Executive Officer must promptly notify the NYSE after any executive officer becomes aware of any material non-compliance with the applicable NYSE rules; (iii)</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">we must provide the NYSE with annual and interim written affirmations; and (iv)</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">we must provide a brief description of any significant differences between our corporate governance practices and those followed by U.S. companies under NYSE listing</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">standards. </span></span></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The significant differences between our corporate governance practices and the NYSE corporate governance standards are as follows: </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Independence of Directors </span></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">NYSE rules require that </span><span style="font-family: 'Times New Roman'; line-height: inherit;">a majority of</span><span style="font-family: 'Times New Roman'; line-height: inherit;"> the Board of Directors must consist of independent directors as defined under NYSE rules. Under the Brazilian Corporate Law, we are not required to have </span><span style="font-family: 'Times New Roman'; line-height: inherit;">a majority of</span><span style="font-family: 'Times New Roman'; line-height: inherit;"> independent directors. </span></span></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">The Brazilian Corporate Law requires that our directors be elected by our shareholders at a General Shareholders&#8217; Meeting. According to the rules of </span><span style="font-family: 'Times New Roman'; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; line-height: inherit;">, 20% or at least two of the members of our Board of Directors, whichever is greater, must be independent. As of the date of this annual report, our Board of Directors had 7 members that meet the independence requirements pursuant to the rules of </span><span style="font-family: 'Times New Roman'; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; line-height: inherit;">. Furthermore, according to our Bylaws, at least 1/3 or two, whichever is higher, members of our Board of Directors must be independent.</span></span></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">The rules for the </span><span style="font-family: 'Times New Roman'; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; line-height: inherit;"> segment, in force as of January</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">2, 2018, require the companies to assure the independence of the members of the Board of Directors, based on their relationship with the Company, its direct or indirect controlling shareholder (if applicable), its directors and its executive officers, and subsidiaries, affiliates and </span><span style="font-family: 'Times New Roman'; line-height: inherit;">joint-ventures</span><span style="font-family: 'Times New Roman'; line-height: inherit;">. According to these requirements a Board member will not be considered independent if he/she (i)</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">is the direct or indirect controlling shareholder of the Company; (ii)</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">has his/her voting rights at the Board meetings bound to a shareholders&#8217; agreement regarding matters related to the Company; (iii)</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">is a spouse, partner or direct or collateral first/second-degree relative of the controlling shareholder or of any executive officer of the Company or the controlling shareholder; (iv)</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">was an employee or executive officer of the Company or its controlling shareholder in the past three years.</span></span></p>
<p style="margin: 0pt; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;"><br/></span></span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>133</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="margin: 0pt; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;"><br/></span></span></p>
<p style="margin: 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">Furthermore, the rules of the </span><span style="font-family: 'Times New Roman'; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; line-height: inherit;"> establish that when deciding whether Board members are independent, some situations must be analyzed in order to verify whether they entail loss of independence due to the characteristics, magnitude and extent of the relationship, as follows: (i) &#8220;are they a first/second-degree relative of the controlling shareholder or of any executive officer of the company or the controlling shareholder?&#8221;; (ii) &#8220;have they been an employee or executive officer the company&#8217;s subsidiaries, affiliates or joint-ventures in the past three years?&#8221;; (iii) &#8220;do they have a business relationship with the company, its controlling shareholder, or a subsidiary, affiliate or joint-venture?&#8221;; (iv) &#8220;do they hold a position in a firm or entity that has a business relationship with the company or with its controlling shareholder, whereby they have decision-making power regarding the activities of the firm or entity?&#8221;; (v) &#8220;do they receive any compensation from the company, its controlling shareholder, or a subsidiary, affiliate or joint-venture other than the compensation relating to their position as a member of the Board of Directors or committees of the company, its controlling shareholder, or its subsidiaries, affiliates and joint-ventures, excluding income from shares in the company and benefits from supplementary pension plans?&#8221; </span></span></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">Once such requirements are met, the General Shareholders&#8217; Meeting shall then be entitled to decide whether a person nominated as member of the Board of Directors is independent and may base its decision (i)</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">on a declaration submitted to the Board of Directors in which the nominee attests and justify his/her compliance with the independence requirements or (ii)</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">on the opinion of the Board of Directors expressed in the management&#8217;s proposal to the General Shareholders&#8217; Meeting that elects directors and officers regarding the candidate&#8217;s compliance or non-compliance with the independence criteria. </span></span></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">At the Annual and Extraordinary General Shareholders&#8217; Meeting held on April 14, 2021, our Bylaws were amended to reflect the new independence requirements, and the election of the Board of Directors deliberated upon such General Shareholders&#8217; Meeting contemplated said requirements and procedures.</span></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">As of the date of this annual report, our Board of Directors consists of nine members, </span><span style="font-family: 'Times New Roman'; line-height: inherit;">all </span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160; being non-executive members and seven being independent members, according to the Brazilian </span><span style="font-family: 'Times New Roman'; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; line-height: inherit;"> Listing Rules.&#160; The non-independent Board member </span><span style="font-family: 'Times New Roman'; line-height: inherit;">are</span><span style="font-family: 'Times New Roman'; line-height: inherit;"> related, directly or indirectly, to Ultra S.A. See &#8220;Item 6.C. Directors, senior management and employees&#8212;Board practices&#8221; and &#8220;Exhibit 1.1&#8212;Bylaws of Ultrapar, dated as </span><span style="font-family: 'Times New Roman'; line-height: inherit;">of </span><span style="font-family: 'Times New Roman'; line-height: inherit;">April</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">1</span><span style="font-family: 'Times New Roman'; line-height: inherit;">6</span><span style="font-family: 'Times New Roman'; line-height: inherit;">, 202</span><span style="font-family: 'Times New Roman'; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#8221; </span></span></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">As of December 31, 2024, no member of the Board had any material relationship with the Company, either directly or as a partner or officer of an organization that has relationship with Ultrapar, except for their interest as shareholders of Ultrapar or Ultra S.A., when applicable, as mentioned above. The Brazilian Corporate Law, the </span><span style="font-family: 'Times New Roman'; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; line-height: inherit;"> Listing rules and the CVM establish rules relating to the qualification of the members of our Board of Directors and our Executive Officers, including their compensation, duties, and responsibilities. We believe these rules provide adequate assurances that our directors are independent, according to the independence tests established by the NYSE. </span></span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Executive sessions </span></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">NYSE rules require that the non-management directors must meet at regularly scheduled executive sessions without management present. As of December 31, 202</span><span style="font-family: 'Times New Roman'; line-height: inherit;">4</span><span style="font-family: 'Times New Roman'; line-height: inherit;">, Marcos Marinho Lutz</span><span style="font-family: 'Times New Roman'; line-height: inherit;"> was</span><span style="font-family: 'Times New Roman'; line-height: inherit;"> Ultrapar&#8217;s Chief Executive Officer</span><span style="font-family: 'Times New Roman'; line-height: inherit;"> and</span><span style="font-family: 'Times New Roman'; line-height: inherit;"> Vice-Chairman of the Board of Directors</span><span style="font-family: 'Times New Roman'; line-height: inherit;">.</span><span style="font-family: 'Times New Roman'; line-height: inherit;"> Thus, the Company </span><span style="font-family: 'Times New Roman'; line-height: inherit;">held </span><span style="font-family: 'Times New Roman'; line-height: inherit;">executive sessions without management present</span><span style="font-family: 'Times New Roman'; line-height: inherit;"> until the end of its mandate as Chief Executive Officer. </span><span style="font-family: 'Times New Roman'; line-height: inherit;">Since</span> <span style="font-family: 'Times New Roman'; line-height: inherit;">April</span><span style="font-family: 'Times New Roman'; line-height: inherit;"> 16,</span> <span style="font-family: 'Times New Roman'; line-height: inherit;">2025</span><span style="font-family: 'Times New Roman'; line-height: inherit;"> onwards, none of our directors </span><span style="font-family: 'Times New Roman'; line-height: inherit;">is an executive officer of the Company</span><span style="font-family: 'Times New Roman'; line-height: inherit;">. </span></span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Committees </span></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">NYSE rules require that U.S. domestic listed companies have a nominating/corporate governance </span><span style="font-family: 'Times New Roman'; line-height: inherit;">committee,</span><span style="font-family: 'Times New Roman'; line-height: inherit;"> and a compensation committee composed entirely of independent directors and governed by a written charter addressing the committee&#8217;s purpose and responsibilities. Under the Brazilian Corporate Law, we are not required to have a nominating committee, a corporate governance committee or a compensation committee. Notwithstanding, our Bylaws provides for a People and Sustainability Committee, an Investments Committee, and an Audit and Risks Committee as ancillary bodies of the Board of Directors. See &#8220;Item</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">6.C. Directors, senior management and employees&#8212;Board practices&#8221; and &#8220;Exhibit</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">1.1&#8212;Bylaws of Ultrapar, dated as of </span><span style="font-family: 'Times New Roman'; line-height: inherit;">April</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">1</span><span style="font-family: 'Times New Roman'; line-height: inherit;">6</span><span style="font-family: 'Times New Roman'; line-height: inherit;">, 202</span><span style="font-family: 'Times New Roman'; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; line-height: inherit;">.&#8221;</span> </span></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">The members of our committees shall be elected by the Board of Directors for a term of office of two years, coincident with the term of office of the directors. They may be reappointed for successive terms, except for the members of the Audit and Risks Committee, who will exercise their positions for a maximum of 10 years.</span> <span style="font-family: 'Times New Roman'; line-height: inherit;">For more information, see </span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#8220;Item 6.C. Directors, senior management and employees&#8212;Board practices&#8212;Committees of the Board of Directors&#8212;People and Sustainability Committee&#8221; and &#8220;&#8212;Investments Committee.&#8221;</span></span></p>
<p style="margin: 0pt; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;"><br/></span></span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>134</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p style="background-color: #ffffff; margin: 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"><br/></span></p>
<p style="background-color: #ffffff; margin: 0pt; text-align: justify; text-indent: 18pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Audit and Risks Committee</span></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">U.S. domestic listed companies must have an audit committee with all independent directors who are financially literate and who satisfy the independence requirements of Rule 10A&#8211;3 of the Securities Exchange Act of 1934 (the &#8220;Exchange Act&#8221;), with a written charter addressing the committee&#8217;s purpose and responsibilities. </span></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">Our Bylaws establish our Audit and Risks Committee as an ancillary body of the Board of Directors, which shall be composed of at least three members, all of them members of the Board of Directors and at least one member with recognized experience in corporate accounting matters, as provided in the applicable regulations of the CVM. Although our Bylaws only require </span><span style="font-family: 'Times New Roman'; line-height: inherit;">a majority of</span><span style="font-family: 'Times New Roman'; line-height: inherit;"> independent directors, all members of our Audit and Risks Committee meet the applicable independent membership requirements of the SEC and the NYSE. All members shall be elected by the Board of Directors for a term of office of two years, and the term shall coincide with the term of office of the Directors, with </span><span style="font-family: 'Times New Roman'; line-height: inherit;">reelection</span><span style="font-family: 'Times New Roman'; line-height: inherit;"> being permitted for 5 terms. A single member of the Audit and Risks Committee may </span><span style="font-family: 'Times New Roman'; line-height: inherit;">concentrate</span><span style="font-family: 'Times New Roman'; line-height: inherit;"> the two </span><span style="font-family: 'Times New Roman'; line-height: inherit;">above mentioned</span><span style="font-family: 'Times New Roman'; line-height: inherit;"> requirements. </span></span></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">The Audit and Risks Committee shall (a)</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">recommend to the Board of Directors the retention and dismissal of independent audit services, as well as propose to the Board of Directors the nomination of the independent auditor and their replacement; (b)</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">review the management report and the financial statements of the Company and of its controlled companies, and provide the recommendations it deems necessary to the Board of Directors; (c)</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">review the quarterly financial information and the periodic financial statements prepared by the Company; (d)</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">monitor the activities of the Company&#8217;s internal audit and internal controls departments, including follow-up and assessment of the effectiveness and sufficiency of the internal control structure and of the internal and independent audit processes of the Company and of its controlled companies, including in relation to the provisions set forth in the Sarbanes-Oxley Act, submitting the recommendations it deems necessary for the improvement of policies, practices and procedures; (e)</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">evaluate and monitor the Company&#8217;s risk exposure per the Corporate Risk Management Policy, as well as provide its opinion on any review of the contents thereof, in addition to advising the Board of Directors in connection with the setting of acceptable risk levels; (f)</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">review, monitor and recommend to management any corrections or improvements to be made to the Company&#8217;s corporate policies, including the Corporate Policy on Conflict of Interest and Related Party Transactions; (g)</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">establish procedures for the acceptance and handling of information submitted by any party relating to alleged noncompliance with applicable legal and regulatory requirements applicable to the Company, in addition to internal regulations, policies and codes, including procedures for confidential or anonymous submission, safeguarding information secrecy; (h) interact with the other Company&#8217;s </span><span style="font-family: 'Times New Roman'; line-height: inherit;">governing bodies in connection with the receipt and review of information on noncompliance with legal and regulatory requirements applicable to the Company, as well as with internal regulations; and (i)</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">provide its opinion on the matters submitted to it by the Board of Directors, as well as on those matters it determines to be relevant. For more information, see </span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#8220;Item</span> <span style="font-family: 'Times New Roman'; line-height: inherit;">6.C. Directors, senior management and employees&#8212;Board practices&#8212;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">Committees of the Board of Directors&#8212;Audit and Risks Committee.&#8221;</span></span></p>
<p style="background-color: #ffffff; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 18pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Fiscal Council</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">Under the Brazilian Corporate Law, the Fiscal Council is a separate corporate body independent of management and independent </span><span style="font-family: 'Times New Roman'; line-height: inherit;">auditors</span><span style="font-family: 'Times New Roman'; line-height: inherit; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"> and it may operate on a permanent or non-permanent basis. According to the Brazilian Corporate Law, a Fiscal Council acting on a non-permanent basis is required to be formed when requested by 10% of voting shareholders in an Annual General Shareholders&#8217; Meeting. However, pursuant to the CVM Resolution 70/22, in the case of Ultrapar, holders of 2% of the voting capital are entitled to request the installation of the Fiscal C<span style="font-family: 'Times New Roman'; font-size: 10pt;">ouncil. <span>The members of the Fiscal Council elected by our
shareholders shall hold office only until the next Annual General Shareholders&#8217;
Meeting, at which shareholders will resolve on the installation of the Fiscal
Council and elect its members for the ensuing term</span>. The Fisca</span>l Council must meet at least four times per year. Since its establishment, in July 2005, our Fiscal Council has been meeting on a regular basis, and in 2024, they held </span><span style="font-family: 'Times New Roman'; line-height: inherit;">7</span> <span style="font-family: 'Times New Roman'; line-height: inherit; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;">meetin<span style="font-family: 'Times New Roman'; font-size: 10pt;">gs.&#160;<span>At the Annual and Extraordinary General
Shareholders&#8217; Meeting held on April 16, 2025, the Fiscal Council was not
installed.</span> </span></span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">Additionally, individuals who are members of our Board of Directors or are Executive Officers, employees or spouses or relatives of any member of our management are not eligible to serve on the Fiscal Council. To be eligible to serve on our Fiscal Council, a person must be a resident of Brazil and either hold a university degree or have been a Company officer or Fiscal Council member of another Brazilian company for at least three years prior to the election to our Fiscal</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">Council. A Fiscal Council, when installed, shall have the duties and obligations provided by the Brazilian Corporate Law, which includes, among others, the examination of the statements of financial position of the Company and other financial statements prepared by a company, at least every three months, and the examination of the company&#8217;s accounts and financial statements for the fiscal year and give an opinion on them.</span></span></p>
<p style="background-color: #ffffff; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 18pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">When installed, </span><span style="font-family: 'Times New Roman'; line-height: inherit;">the</span><span style="font-family: 'Times New Roman'; line-height: inherit;"> Fiscal Council </span><span style="font-family: 'Times New Roman'; line-height: inherit;">of Ultrapar </span><span style="font-family: 'Times New Roman'; line-height: inherit;">is composed of three effective members and an equal number of alternate members and operates on a non-permanent basis when installed by the General Shareholders&#8217; Meeting. As of </span><span style="font-family: 'Times New Roman'; line-height: inherit;">December 31, 2024,</span><span style="font-family: 'Times New Roman'; line-height: inherit;"> we ha</span><span style="font-family: 'Times New Roman'; line-height: inherit;">d</span><span style="font-family: 'Times New Roman'; line-height: inherit;"> a Fiscal Council installed, which </span><span style="font-family: 'Times New Roman'; line-height: inherit;">wa</span><span style="font-family: 'Times New Roman'; line-height: inherit;">s composed of the following members: Flavio Cesar Maia Luz, &#201;lcio Arsenio Mattioli and Marcelo Gon&#231;alves Farinha. </span><span style="font-family: 'Times New Roman'; line-height: inherit;">At&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">the </span><span style="font-family: 'Times New Roman'; line-height: inherit;">Annual and Extraordinary General Shareholders&#8217; Meeting held on </span><span style="font-family: 'Times New Roman'; line-height: inherit;">April 1</span><span style="font-family: 'Times New Roman'; line-height: inherit;">6</span><span style="font-family: 'Times New Roman'; line-height: inherit;">, 202</span><span style="font-family: 'Times New Roman'; line-height: inherit;">5, the Fiscal Council was not installed</span><span style="font-family: 'Times New Roman'; line-height: inherit;">. For more information, see </span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#8220;Item 6. Directors, senior management and employees&#8212;Board practices</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#8212;Fiscal Council&#8221; and &#8220;Exhibit 1.1&#8212;Bylaws of Ultrapar, dated </span><span style="font-family: 'Times New Roman'; line-height: inherit;">as of </span><span style="font-family: 'Times New Roman'; line-height: inherit;">April</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">1</span><span style="font-family: 'Times New Roman'; line-height: inherit;">6</span><span style="font-family: 'Times New Roman'; line-height: inherit;">, 202</span><span style="font-family: 'Times New Roman'; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; line-height: inherit;">.&#8221;</span></span></p>
<p style="background-color: #ffffff; margin: 0pt; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;"><br/></span></span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>135</span></span></td> </tr> </tbody> </table>
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<p style="margin: 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"><br/></span></p>
<p style="margin: 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Shareholder approval of equity compensation plans </span></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">NYSE rules require that equity compensation plans for U.S. domestic listed companies be subject to shareholder approval, with limited exceptions. In November 2003, our shareholders approved the Deferred Stock Plan. In accordance with the Deferred Stock Plan, the Board of Directors determines the eligible participants and the number of shares to which each participant shall have rights. See &#8220;Item</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">6.B. Directors, senior management and employees&#8212;Compensation.&#8221; At the Annual and Extraordinary General Shareholders&#8217; Meeting held on April</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">19, 2017, our shareholders approved a stock-based incentive plan for our employees and executives. At the Annual and Extraordinary General Shareholders&#8217; Meeting held on April</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">19, 2023, our shareholders approved a new stock-based incentive plan for our employees, </span><span style="font-family: 'Times New Roman'; line-height: inherit;">executives and directors</span><span style="font-family: 'Times New Roman'; line-height: inherit;"> and amended the prior stock-based incentive plan. </span></span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Corporate governance guidelines </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">NYSE rules require that U.S. domestic listed companies adopt and disclose corporate governance guidelines. We have adopted corporate governance guidelines set out by our Board of Directors or required by the Brazilian Corporate Law, the CVM and B3 and which we believe are consistent with best practices, such as the 100% tag-along rights to all shareholders, the establishment and disclosure of the Code of Ethics, and the adoption of the Material Notice Disclosure Policy and Securities Trading Policy, which deals with the public disclosure of all relevant information and the trading of shares issued by Ultrapar as per the CVM Resolution 44/21, as amended, and the adoption of Corporate Policy on Anti-Corruption and the Relationship with the Public and Private Sector. </span></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">Since June</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">28, 2011, we have been listed on the </span><span style="font-family: 'Times New Roman'; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; line-height: inherit;"> segment of B3, the highest governance level. According to the rules of </span><span style="font-family: 'Times New Roman'; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; line-height: inherit;">, 20% or at least two members of our Board of Directors, whichever is greater, must be independent while a minimum of 1/3 or two is required in our Bylaws.</span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">Our Bylaws also (i)</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">establish a mandatory tender offer for 100% of the Company&#8217;s shareholders in the event a shareholder, or a group of shareholders acting in concert, acquire or become holder of 20% of the Company&#8217;s shares, excluding treasury shares, and (ii)</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">determines that we adopt an Investments, an Audit and Risks and a People and Sustainability Committee, as ancillary bodies of the Board of Directors. Our Bylaws do not establish any limitation on voting rights, special treatment to current shareholders, public tender offers for a price above that of the acquisition price of shares or any other poison pill provisions, thus assuring the effectiveness of a majority shareholders&#8217; approval on all matters to be deliberated. See &#8220;Exhibit</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">1.1&#8212;Bylaws of Ultrapar, dated as of April</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">1</span><span style="font-family: 'Times New Roman'; line-height: inherit;">6</span><span style="font-family: 'Times New Roman'; line-height: inherit;">, 202</span><span style="font-family: 'Times New Roman'; line-height: inherit;">5</span><span style="font-family: 'Times New Roman'; line-height: inherit;">.&#8221; </span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; line-height: inherit;">In addition, as mentioned above, in September 2017, new rules for </span><span style="font-family: 'Times New Roman'; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; line-height: inherit;"> were approved by the CVM. Some of the modifications of the </span><span style="font-family: 'Times New Roman'; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; line-height: inherit;"> Rules include the following requirements: (i)</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">set up an audit committee (statutory or non-statutory); (ii) structure and disclose a process of assessment of the Board of Directors, its committees and executive officers; (iii)</span><span style="font-family: 'Times New Roman'; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; line-height: inherit;">establish and disclose a Code of Conduct (or Code of Ethics), as well as a Compensation Policy, a Nomination Policy for the Board of Directors, its Committees and Executive Officers, a Risk Management Policy, a Related Party Transaction Policy and Securities Trading Policy, all of them with minimum requirements. Our Bylaws were amended to reflect, among others, such requirements and we are in full compliance with such rules.</span></span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Code of business conduct and ethics </span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="font-size: 10pt; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><span style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;">NY<span style="font-size: 10pt;">SE rules require that U.S. domestic listed companies adopt and disclose a code of business conduct and ethics for directors, officers, and employees. </span></span><span style="font-size: 10pt;">Despite the fact that the adoption and disclosure of a formal code is not required under the Brazilian Corporate Law, in 2004, we established our Code of Ethics, which was amended on September&#160;17, 2014, on December&#160;17, 2017, on December 8, 2021, on March 29, 2023 and on December 11, 2024. For the complete amended Code of Ethics, please see our Form&#160;6-K filed with the SEC on March 29, 2023. The main objectives of this Code are (i)&#160;to reduce the subjectivity of personal interpretations of ethical principles; and&#160;(ii) to be a formal and institutional benchmark for the professional conduct of our employees, including the ethical handling of actual or apparent conflicts of interests, becoming a standard for the internal and external relationship of the Company with its stakeholders. See &#8220;Item&#160;16.B. &#8212; Code of&#160;Ethics.&#8221;</span></span></p> </div> <br/>
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<div style="margin: 0pt 0pt 0pt 55pt; break-after: avoid; text-align: justify; text-indent: -55pt; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB15_163202504110341" class="customBookmark"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">ITEM</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">16H.</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">MINE</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">SAFETY DISCLOSURE </span></span></a></div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Not applicable.</span></p>
<div style="margin: 10pt 0pt 0pt 55pt; break-after: avoid; text-align: justify; text-indent: -55pt; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB16_163202504122286" class="customBookmark"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">ITEM</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">16I.</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">DISCLOSURE REGARDING FOREIGN JURISDICTION THAT PREVENT INSPECTIONS </span></span></a></div>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Not applicable.</span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>136</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div> </div><div id="D779o4bazpo6vd2vl998qg" style="font-family: 'times new roman', times; font-size: 10pt;">
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<div style="margin: 0pt; break-after: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB17_163202504152921" class="customBookmark"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">ITEM 16J.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">INSIDER TRADING POLICIES </span></a></div>
<p style="margin: 10pt 0pt 0pt; text-indent: 24.4pt; line-height: 1.2; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Company </span><span style="-sec-ix-hidden:Tag5913"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">adopt</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ed</span></span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Material Notice Disclosure </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and Securities Trading Corporate Policies</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, prepared in accordance with the </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> regulations, CVM Resolution No. 44/21, and best market practices</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">reasonably designed to promote compliance with applicable insider trading laws, rules and regulations, and any listing</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">standards applicable to us</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">It</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">establishes</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> rules and guidelines regarding the disclosure of information to the market, as well as the trading of securities, and it applies to the board of directors, fiscal council, executive officers, employees</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> of the Company</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, and the Company itself. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A copy of our policy is attached as</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8220;Exhibit </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">11.2 </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8212; Material Notice Disclosure and Securities Trading Corporate Policies, dated as of August</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">7</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, 2024.&#8221;</span></p>
<div style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB18_16320250420682" class="customBookmark"><span style="text-indent: -55pt; font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">ITEM 16K.</span><span style="text-indent: -55pt; font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">&#160;</span><span style="text-indent: -55pt; font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; line-height: inherit;">CYBERSECURITY</span></a></div> </div>
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<p style="margin: 10pt 0pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Risk management and strategy</span></p>
<p style="margin: 10pt 0pt 0pt; line-height: 1.2; text-indent: 24.4pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231" name="cyd:CybersecurityRiskManagementProcessesIntegratedTextBlock" id="Tag210" escape="true"><span style="-sec-ix-hidden:Tag5927">Ultrapar has an Information Security Policy, which consolidates the guidelines adopted by the Company and its subsidiaries, its employees and third parties (including suppliers of products and/or services)</span> to ensure information systems security, by defining roles and responsibilities within the governance structure adopted by Ultrapar.</ix:nonNumeric> <span style="-sec-ix-hidden:Tag5923">All employees and third-party service providers that have physical or digital access to business data and technology environments of Ultrapar, must (i) observe the provisions of the Information Security Policy and other information security management policies, rules and standards; (ii) classify the confidentiality level of any document produced or information shared in line with internal data classification standard criteria; (iii) submit expedient reports on information security incidents through its manager, IT service center or directly to the information security team; and (iv) participate in all information security training and awareness activities developed by the Company.</span> </span></p>
<p style="margin: 10pt 0pt 0pt; line-height: 1.2; text-indent: 24.4pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&#8217;s processes for assessing, identifying, and managing material risks from cybersecurity threats are the responsibility of our information security department, comprised of IT specialists who proactively search for vulnerabilities in our systems and monitor and act on threats and breaches identified. </span></p>
<p style="margin: 10pt 0pt 0pt; line-height: 1.2; text-indent: 24.4pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We have implemented security measures to protect our databases and prevent cyberattacks, thereby reducing risks of exposure to data breaches and IT security incidents, and we have adopted various actions aiming to minimize potential technology disruptions, such as tools, controls and procedures in the management and monitoring of internal and perimeter security, periodic analysis of vulnerabilities, an information security and cybersecurity awareness program, contingency plans for critical processes, a secondary environment for physical disaster recovery and respective periodic tests, tools for continuous monitoring and correlation of events, a dedicated team responsible for maintaining and continuously improving the information security management system, incident response plans and other best practices and tools.</span></p>
<p style="margin: 10pt 0pt 0pt; line-height: 1.2; text-indent: 24.4pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span style="-sec-ix-hidden:Tag5926">In recent years, we have been engaging with external advisors and consultants</span> to conduct cybersecurity </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">trainings</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, phishing and penetration tests, and evaluations on our information security systems, among other services related to our cybersecurity risk assessment programs. We also hired third-party SOC (Security Operations Center) and SIEM (Security Information and Event Management) tools to constantly monitor our systems, tracking incidents and potential vulnerabilities. Ultrapar is also ISO 27001 certified since 2022. </span></p>
<p style="margin: 10pt 0pt 0pt; line-height: 1.2; text-indent: 24.4pt; text-align: justify;"><ix:nonNumeric contextRef="D20241231" name="cyd:CybersecurityRiskProcessForInformingManagementOrCommitteesResponsibleTextBlock" id="Tag187" escape="true"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Furthermore, with the assistance of third-party specialized companies, Ultrapar has developed and employs several tools to support management in the event of any cybersecurity incident. These tools assist the Company in identifying its critical processes, systems and resources, whose correction should be prioritized in case of unavailability or failure, and in devising a formalized and </span><span style="-sec-ix-hidden:Tag5925"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">organized incident</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> response process, guiding all organizational levels to respond in a fast and reliable manner, should the Company experience any information security incident.</span></span></ix:nonNumeric></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </ix:exclude>
<p style="margin: 0pt; line-height: 1.2; text-indent: 24.4pt;"><br/></p>
<p style="margin: 0pt; line-height: 1.2; text-indent: 24.4pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Previous cybersecurity incidents. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On January 11, 2021, an unauthorized party disrupted access to our IT systems, which caused a temporary interruption to our operations and resulted in the theft of certain proprietary data. On January 14, 2021, we began restoring the systems that were affected by this incident and all critical information systems have been fully operational since February 2021. The event did not have any material and lasting impacts on the Company. </span></p>
<p style="margin: 10pt 0pt 0pt; line-height: 1.2; text-indent: 24.4pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The Company </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">had,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> at the time, a cyber insurance policy in place, which was triggered by the event. <ix:nonNumeric contextRef="D20241231" name="cyd:CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantTextBlock" id="Tag209" escape="true"><span style="-sec-ix-hidden:Tag5928">As of the date of this annual report, the Company does not carry insurance against cyber incidents. Therefore, similar cybersecurity incidents could have an adverse effect on our businesses, reputation, results of operations, cash flows or financial condition, or result in proceedings or actions against us, including the imposition of fines.</span></ix:nonNumeric> For information on risks from cybersecurity threats, see &#8220;Item 3.D. Key information&#8212;Risk factors&#8212;Information technology failures, including those that affect the privacy and security of personal data, as a result of cyber-attacks or other causes, could adversely affect our businesses and the market price of our shares and ADSs.&#8221;</span></p> </ix:nonNumeric>
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<p style="margin: 10pt 0pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Governance</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 24.4pt; text-align: justify;"><ix:nonNumeric contextRef="D20241231" name="cyd:CybersecurityRiskManagementPositionsOrCommitteesResponsibleTextBlock" id="Tag184" escape="true"><ix:nonNumeric contextRef="D20241231" name="cyd:CybersecurityRiskProcessForInformingBoardCommitteeOrSubcommitteeResponsibleForOversightTextBlock" id="Tag179" escape="true"><span style="-sec-ix-hidden:Tag5924"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231" name="cyd:CybersecurityRiskBoardCommitteeOrSubcommitteeResponsibleForOversightTextBlock" id="Tag208" escape="true">In addition to the overall governance structure applicable to all risks monitored by Ultrapar, there are two support committees focused on matters related to information systems security: the Information Security Steering Committee and the Information Security Management Committee.</ix:nonNumeric> These committees hold regular meetings (quarterly in the case of the Steering Committee and every two months in the case of the Management Committee) </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and also</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> meet up regularly with the Risks, Integrity and Audit </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Department to discuss if </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the risk</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> exposure is adequate.</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> The Information Security Management Committee reports to the Information Security Steering Committee.</span></ix:nonNumeric></ix:nonNumeric></p>
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<p style="margin: 0pt; break-after: avoid; line-height: 1.2; text-indent: 24.4pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The main roles and their respective responsibilities in maintaining and continuously improving security in the information technology systems of Ultrapar are described below:</span></p>
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<td style="text-align: left; height: 16px; width: 1.96744%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: Symbol; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -18.9333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#183;</span><br/></td>
<td style="height: 16px; width: 98%; vertical-align: top;" colspan="2" valign="top"><span style="font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="font-weight: bold;">IT Heads</span> (of&#160;</span>Ultrapar<span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;and its subsidiaries):</span></span><br/></td> </tr>
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<td style="height: 10px; width: 2%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span><br/></td>
<td style="height: 10px; width: 96%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Allocate IT-related investments;</span></td> </tr>
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<td style="height: 16px; width: 2%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span><br/></td>
<td style="height: 16px; width: 96%; vertical-align: top;" valign="top"><span style="font-size: 10pt;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">Implement information security awareness and training programs;</span></span></td> </tr>
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<td style="height: 10px; width: 1.96744%; vertical-align: top;" valign="top"><br/></td>
<td style="height: 10px; width: 2%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span><br/></td>
<td style="height: 10px; width: 96%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Execute plans and investments to mitigate information security risks;</span></td> </tr>
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<td style="height: 16px; width: 1.96744%; vertical-align: top;" valign="top"><br/></td>
<td style="height: 16px; width: 2%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span><br/></td>
<td style="height: 16px; width: 96%; vertical-align: top;" valign="top"><span style="font-size: 10pt;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">Supervise the implementation of action plans and&#160;mitigat</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">e</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">&#160;controls related to information security risks; and</span></span></td> </tr>
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<td style="height: 10px; width: 2%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td>
<td style="height: 10px; width: 96%; vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ensure the effectiveness of the Information Security Policy by suggesting revisions and updates to the Information Security Steering Committee.</span></td> </tr> </tbody> </table>
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<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: Symbol; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: -18.9333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#183;</span></td>
<td style="height: 16px; vertical-align: top;" colspan="2" valign="top">
<p style="text-align: justify;"><span style="font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="font-weight: bold;">Information Security Management Committee&#160;</span>(composed of&#160;</span>Ultrapar&#8217;s<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;IT Officer; Information Security Manager; and information security and information technology specialists at&#160;</span>Ultrapar<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;and its subsidiaries):</span></span><br/></p> </td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; width: 2%; vertical-align: top;" valign="top"><br/></td>
<td style="height: 16px; width: 2%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td>
<td style="height: 16px; width: 96%; vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Share knowledge, initiatives and plans relative to best practices, processes, technologies and solutions for assessing, identifying, and managing material risks from information security threats;</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><br/></td>
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span><br/></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Discuss, assess, verify and suggest information security management rules and standards, as applicable, and minimum information security registers and requirements in technology environments;</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><br/></td>
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td>
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">Monitor the prevention, detection, mitigation, and remediation of information security incidents;</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><br/></td>
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td>
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Supervise and validate action plans and controls related to information security risks; and</span></td> </tr>
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<td style="height: 10px; vertical-align: top;" valign="top"><br/></td>
<td style="height: 10px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td>
<td style="height: 10px; vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Update the Information Security Steering Committee on activities and recommendations discussed within the Information Security Management Committee.</span></td> </tr> </tbody> </table>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>138</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
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<td style="height: 10px; vertical-align: top; padding: 0px;" valign="top"><span style="color: #000000; font-family: Symbol; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: -18.9333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#183;</span></td>
<td style="height: 10px; text-align: justify; vertical-align: top; padding: 0px;" colspan="2" valign="top"><span style="font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="font-weight: bold;">Information Security Steering Committee</span> (composed of&#160;</span>Ultrapar&#8217;s<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;Administrative and Controlling Officer; Risks, Integrity and Audit Officer; Legal Officer; and Information Security Manager):</span></span></td> </tr>
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<td style="height: 10px; width: 2%; vertical-align: top;" valign="top"><br/></td>
<td style="height: 10px; width: 2%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td>
<td style="height: 10px; text-align: justify; width: 96%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Review, approve and monitor applicable rules and standards for information security management, as well as information security training plans;</span></td> </tr>
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<td style="height: 16px; vertical-align: top;" valign="top"><br/></td>
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span><br/></td>
<td style="height: 16px; text-align: justify; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Monitor and supervise implementation of the action plans and prevention, mitigation and other controls related to information security risks;</span></td> </tr>
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<td style="height: 16px; vertical-align: top;" valign="top"><br/></td>
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td>
<td style="height: 16px; vertical-align: top;" valign="top"><span style="font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Report to&#160;</span>Ultrapar&#8217;s<span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;Board of Directors all events infringing the Information Security Policy; and</span></span></td> </tr>
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<td style="height: 10px; vertical-align: top;" valign="top"><br/></td>
<td style="height: 10px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td>
<td style="height: 10px; text-align: justify; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ensure the effectiveness of the Information Security Policy by suggesting revisions and updates to Ultrapar&#8217;s Executive Officers.</span></td> </tr> </tbody> </table>
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<p style="margin: 10pt 0pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of December 31, 2024, Ultrapar&#8217;s Information Security Steering Committee was composed of four members, whose relevant expertise for assessing and managing risks relating to cybersecurity are described below: </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Ultrapar&#8217;s Management and Control Officer</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Our Management and Control Officer </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">joined Ultrapar in May 2024 as the Financial Planning and Investor Relations Director.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">He has served as the Chief Financial and Investor Relations Officer of Eurofarma from 2020 to 2024 and of Delta Energia from 2019 to 2020</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">He holds a bachelor&#8217;s degree in business administration and international trade from the University of Taubat&#233;, and MBAs from the University of Laverne, Administration Institute Foundation and University of Taubat&#233;, focusing on finance, business, innovation and project management.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Ultrapar&#8217;s Risks, Integrity and Audit Officer</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Our Risks, Integrity and Audit Officer joined Ultrapar in 2017 as the Compliance Manager and has been the Director of Risks, Integrity and Audit since 2021. She has served as Vale&#8217;s Compliance, Forensic and Audit Manager from 2015 to 2017 and Votorantim Cimentos&#8217;s Global Compliance Manager from 2014 to 2015. She graduated in law from the Pontifical Catholic University of S&#227;o Paulo and has executive education in corporate governance and compliance from Insper. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Ultrapar&#8217;s Legal Officer</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Our Legal Officer joined Ultrapar in 2023. She </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">has served</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the legal department of BRMalls from 2011 to 2023, being its Legal Director from 2018 to 2023 and its Data Protection Officer from 2020 to 2023. She graduated in law from the Pontificial Catholic University of Rio de Janeiro, holds a </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">master</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> degree in corporate law and capital markets from Ibmec and has executive education on privacy and data protection from Insper.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Ultrapar&#8217;s Information Security Manager. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our Information Security Manager</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">joined Ultrapar in 2009 as an IT analyst and has been the Information Security Manager since 2022, being responsible for the assessment, mitigation and correction of information security risks at the Company. He also has experience in IT Governance, Identity and Access Management (IAM), data protection </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">management with respect to cybersecurity incidents, as well as extensive knowledge in network infrastructure, servers, user authentication, virtualization and storage. He graduated in information technology from </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the Paulista</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> University and holds an MBA in cybersecurity forensics, ethical hacking and DevSecOps from the Paulista College of Informatics and Administration.</span></p> </ix:nonNumeric> </div> </ix:nonNumeric>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For more information about our overall risk management processes, strategy and governance, see &#8220;Item 4.B. Information on the Company&#8212;Business overview.&#8221;</span></p> </ix:nonNumeric>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>139</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div> </div><div style="font-family: 'times new roman', times; font-size: 10pt; margin: 10pt 0pt 0pt; text-indent: 0pt;"><a href="#TOC" id="Bdn10_1632025103248613" class="customBookmark" style="text-indent: 0pt; font-size: 10pt; text-decoration-line: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">PART III</span></a></div>
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<div style="margin: 10pt 0pt 0pt 55.1pt; break-after: avoid; text-indent: -55.1pt; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bdn11_1632025103258262" class="customBookmark"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">ITEM</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">17.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">FINANCIAL</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">STATEMENTS </span></a></div>
<p style="margin: 10pt 0pt 0pt; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We have responded to Item</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">18 in lieu of responding to this Item. </span></p>
<div style="margin: 10pt 0pt 0pt 55.1pt; break-after: avoid; text-indent: -55.1pt; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bdn12_163202510338859" class="customBookmark"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">ITEM</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">18.</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">FINANCIAL</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">STATEMENTS </span></a></div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt; line-height: inherit;">We file the following Consolidated <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Financial</span> Statements together with the reports of independent registered public accountants&#8217; firms, as part of this annual report: </span></p> &#8203;
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<tbody>
<tr style="height: 17px; background-color: #cceeff;">
<td style="height: 17px; width: 95%;"><a href="#BAR1_223202512441720">Report of <ix:nonNumeric contextRef="D20241231" name="dei:AuditorName" id="Tag5829">Deloitte Touche Tohmatsu Auditores Independentes Ltda.</ix:nonNumeric> (PCAOB ID n. <ix:nonNumeric contextRef="D20241231" name="dei:AuditorFirmId" id="Tag220">1045</ix:nonNumeric>)</a></td>
<td class="bmpageno" id="BMP_BAR1_223202512441720" style="height: 17px; text-align: center; width: 5%;">F-3</td> </tr>
<tr style="height: 17px;">
<td style="height: 17px; width: 95%;"><a href="#BFi_2132025212131891">Consolidated statements of financial position as of December 31, 2024 and 2023</a></td>
<td class="bmpageno" id="BMP_BFi_2132025212131891" style="height: 17px; text-align: center; width: 5%;">F-8</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td id="BM_BIn_213202521234441" style="height: 17px; background-color: #cceeff;"><a href="#BIn_213202521234441">Consolidated statements of income the years ended December 31, 2024, 2023 and 2022</a></td>
<td class="bmpageno" id="BMP_BIn_213202521234441" style="height: 17px; text-align: center; background-color: #cceeff;">F-9</td> </tr>
<tr style="height: 17px;">
<td id="BM_BCoi_213202521256769" style="height: 17px;"><a href="#BCoi_213202521256769">Consolidated statements of comprehensive income for the years ended December 31, 2024, 2023 and 2022</a></td>
<td class="bmpageno" id="BMP_BCoi_213202521256769" style="height: 17px; text-align: center;">F-10</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td id="BM_BShe_2132025212714930" style="height: 17px; background-color: #cceeff;"><a href="#BShe_2132025212714930">Consolidated statements of changes in equity for the years ended December 31, 2024, 2023 and 2022</a></td>
<td class="bmpageno" id="BMP_BShe_2132025212714930" style="height: 17px; text-align: center; background-color: #cceeff;">F-11</td> </tr>
<tr style="height: 17px;">
<td id="BM_BCf_2132025212840640" style="height: 17px;"><a href="#BCf_2132025212840640">Consolidated statements of cash flows&#8212;Indirect method for the years ended December 31, 2024, 2023 and 2022</a></td>
<td class="bmpageno" id="BMP_BCf_2132025212840640" style="height: 17px; text-align: center;">F-14</td> </tr>
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<td id="BM_Bnote_2132025213221648" style="height: 10px; background-color: #cceeff;"><a href="#Bnote_2132025213221648">Notes to the Consolidated Financial Statements</a></td>
<td class="bmpageno" id="BMP_Bnote_2132025213221648" style="height: 10px; text-align: center; background-color: #cceeff;">F-15</td> </tr> </tbody> </table>
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<div>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>140</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div>
<div style="margin: 0px; break-after: avoid; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><br/></span></div>
<div style="margin: 0px; break-after: avoid; text-indent: 0px;"><span style="font-weight: bold;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bdn111_1832025133539599" class="customBookmark"></a><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bdn111_1832025133540842" class="customBookmark">ITEM 19.&#160; &#160; &#160; &#160; &#160; &#160; &#160;EXHIBITS</a></span></div>
<p style="margin: 10pt 0pt; break-after: avoid; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">We are filing the following documents as part of this Annual Report Form 20-F:</span></p>
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<tbody>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; width: 10%; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-indent: 0px; font-family: 'Times New Roman'; text-align: center; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">1.1</span></p> </td>
<td style="height: 10px; padding: 0px 0px 5px; width: 90%; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><a href="http://www.sec.gov/Archives/edgar/data/1094972/000155485525000363/MainDocument.htm"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span>Bylaws of Ultrapar, dated as of April 16, 2025 (incorporated by reference to Form 6-K furnished by Ultrapar Participa&#231;&#245;es S.A. filed on April 16, 2025).</span></span></span></a></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; vertical-align: top; width: 10%; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">2.1</span></p> </td>
<td style="height: 10px; width: 90%; vertical-align: top; padding: 0px 0px 5px; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 11pt; line-height: 108%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><a href="http://www.sec.gov/Archives/edgar/data/1094972/000119312507131726/dex27.htm"><span style="font-size: 10pt;">Ipiranga Group Shareholders&#8217; Agreement entered into by and among Ultrapar, Petrobras and Braskem, dated April 18, 2007 &#8212; English Translation (incorporated by reference to Exhibit 2.7 to Form 20-F of Ultrapar Participa&#231;&#245;es S.A. filed on June 7, 2007).</span></a></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; vertical-align: top; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">2.2</span></p> </td>
<td style="height: 10px; vertical-align: top; background-color: #cceeff; width: 90%; padding: 0px 0px 5px; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 11pt; line-height: 108%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt;"><a href="http://www.sec.gov/Archives/edgar/data/1094972/000119312507131726/dex28.htm">RPR Shareholders Agreement entered into by and among Ultrapar, Petrobras and Braskem, dated April 18, 2007 &#8212; English Translation (incorporated by reference to Exhibit 2.8 to Form 20-F of Ultrapar Participa&#231;&#245;es S.A. filed on June 7, 2007).</a></span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; vertical-align: top; width: 10%; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">2.3</span></p> </td>
<td style="height: 10px; vertical-align: top; width: 90%; padding: 0px 0px 5px; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 11pt; line-height: 108%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><a href="http://www.sec.gov/Archives/edgar/data/1094972/000119312518110362/d548191dex29.htm"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Rules of the Novo Mercado&#8212;English translation (incorporated by reference to Exhibit 2.9 to Form 20-F of Ultrapar Participa&#231;&#245;es S.A. filed on April</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">6, 2018). </span></a></p> </td> </tr>
<tr style="height: 11px; background-color: #cceeff;">
<td style="padding: 0px; height: 11px; vertical-align: top; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">2.4</span></p> </td>
<td style="height: 11px; vertical-align: top; background-color: #cceeff; width: 90%; padding: 0px 0px 5px; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 11pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><a href="http://www.sec.gov/Archives/edgar/data/1094972/000129281418000458/ugp20180219_6k.htm"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. 6</span><span style="font-family: 'Times New Roman'; font-size: 6.67pt; vertical-align: super;">th</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Public Offering Indenture of Simple, Non-Convertible into Shares, Single-Series, Unsecured Debentures, for Public Distribution with Restricted Placement Efforts between Ultrapar Participa&#231;&#245;es S.A. and Pent&#225;gono S.A. DTVM, dated February 22, 2018 (incorporated by reference to Form 6-K of Ultrapar Participa&#231;&#245;es S.A. filed on February</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">22, 2018).</span></a></p> </td> </tr>
<tr style="height: 18px;">
<td style="padding: 0px; height: 18px; vertical-align: top; width: 10%; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">2.5</span></p> </td>
<td style="height: 18px; vertical-align: top; width: 90%; padding: 0px 0px 5px; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 11pt; line-height: 108%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><a href="http://www.sec.gov/Archives/edgar/data/1094972/000119312519113656/d661418dex29.htm"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Indenture, dated as of October 6, 2016 among Ultrapar International S.A., as Issuer, Ultrapar Participa&#231;&#245;es S.A. and Ipiranga Produtos de Petr&#243;leo, as guarantors, The Bank of New York Mellon, as Trustee, Transfer Agent and Registrar, The Bank of New York Mellon, as Principal Paying Agent and The Bank of New York Mellon (Luxembourg) S.A., as Luxembourg Paying Agent and Luxembourg Transfer Agent (incorporated by reference to Exhibit 2.9 to Form 20-F of Ultrapar Participa&#231;&#245;es S.A. filed on April 23, 2019). </span></a></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; height: 16px; vertical-align: top; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">2.6</span></p> </td>
<td style="height: 16px; vertical-align: top; background-color: #cceeff; width: 90%; padding: 0px 0px 5px; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><a href="http://www.sec.gov/Archives/edgar/data/1094972/000119312520132504/d877759dex210.htm"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Indenture, dated as of June 6, 2019 among Ultrapar International S.A., as Issuer, Ultrapar Participa&#231;&#245;es S.A. and Ipiranga Produtos de Petr&#243;leo, as guarantors, The Bank of New York Mellon, as Trustee, Transfer Agent and Registrar, The Bank of New York Mellon, as Principal Paying Agent and The Bank of New York Mellon (Luxembourg) S.A., as Luxembourg Paying Agent and Luxembourg Transfer Agent (incorporated by reference to Exhibit 2.10 to Form 20-F of Ultrapar Participa&#231;&#245;es S.A. filed on May 4, 2020).</span></a></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; vertical-align: top; width: 10%; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">2.7</span></p> </td>
<td style="height: 10px; vertical-align: top; width: 90%; padding: 0px 0px 5px; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><a href="http://www.sec.gov/Archives/edgar/data/1094972/000101915518000043/ultrapardepnrec.htm"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Amended and Restated Deposit Agreement dated as of March 2, 2018, among Ultrapar Participa&#231;&#245;es S.A., the Bank of New York Mellon as Depositary, and all Owners and Beneficial Owners from time to time of American Depositary Shares issued thereunder (incorporated by reference to Exhibit 1 to Form F-6/A of Ultrapar Participa&#231;&#245;es S.A. filed on February 23, 2018).</span></a></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; vertical-align: top; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">2.8</span></p> </td>
<td style="height: 10px; vertical-align: top; background-color: #cceeff; width: 90%; padding: 0px 0px 5px; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><a href="ex28_1.htm" class="LinkedExhibit" style="-sec-extract:exhibit"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Description of Securities Registered under Section 12 of the Exchange Act.</span></a></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; vertical-align: top; width: 10%; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">2.9</span></p> </td>
<td style="height: 10px; vertical-align: top; width: 90%; padding: 0px 0px 5px; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><a href="http://www.sec.gov/Archives/edgar/data/1094972/000155485520000041/MainDocument.htm#BSA_XQYO68ABQ800000000000000000000"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Shareholders&#8217; Agreement dated August 18, 2020 (incorporated by reference to the report on Form 6-K/A furnished by Ultrapar Participa&#231;&#245;es S.A. filed on August 24, 2020).</span></a></p> </td> </tr>
<tr style="height: 12px; background-color: #cceeff;">
<td style="padding: 0px; height: 12px; vertical-align: top; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">2.10</span></p> </td>
<td style="height: 12px; vertical-align: top; background-color: #cceeff; width: 90%; padding: 0px 0px 5px; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><a href="http://www.sec.gov/Archives/edgar/data/1094972/000155485521000163/ex214_2.htm"><span style="font-family: 'Times New Roman'; font-size: 10pt;">First Supplemental Indenture, dated as of July 20, 2020, among Ultrapar International S.A., as Issuer, Ultrapar&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">Participa&#231;&#245;es S.A. and Ipiranga Produtos de Petr&#243;leo, as guarantors, The Bank of New York Mellon, as Trustee, Transfer Agent and Registrar, The Bank of New York Mellon, as Principal Paying Agent and The Bank of New York Mellon (Luxembourg) S.A., as Luxembourg Paying Agent and Luxembourg Transfer Agent.</span></a></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; vertical-align: top; width: 10%; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">4.1</span></p> </td>
<td style="height: 10px; vertical-align: top; width: 90%; padding: 0px 0px 5px; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><a href="http://www.sec.gov/Archives/edgar/data/1094972/000155485522000306/ex48_2.htm"><span style="font-family: 'Times New Roman'; font-size: 10pt;">English language summary of the Share Purchase Agreement entered into by and between Ipiranga Produtos de Petr&#243;leo S.A. and Empreendimento Pague Menos S.A., and, as consenting intervening parties, Imifarma Produtos Farmac&#234;uticos e Cosm&#233;ticos S.A. and Ultrapar Participa&#231;&#245;es S.A., dated May 18, 2021.</span></a></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; vertical-align: top; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">4.2</span></p> </td>
<td style="height: 10px; vertical-align: top; background-color: #cceeff; width: 90%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><a href="http://www.sec.gov/Archives/edgar/data/1094972/000155485522000306/ex49_3.htm"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Share Purchase Agreement entered into by and between Ultrapar Participa&#231;&#245;es S.A., Tereft&#225;licos Ind&#250;stria e Participa&#231;&#245;es Ltda. and Indorama Ventures Spain Sociedad Limitada, and, as consenting interveners, Oxiteno S.A. &#8211; Ind&#250;stria e Com&#233;rcio, Oxiteno USA, LLC, Oxiteno Mexico S.A., de C.V. and Oxtiteno Uruguay S.A., and, as consenting interveners and guarantors, Indorama Ventures Public Company Limited and Indorama Ventures Pol&#237;meros S.A., dated August 15, 2021.</span></span></a></p> </td> </tr> </tbody> </table> &#160;</div>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>141</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div>
<div style="font-family: 'times new roman', times; font-size: 10pt;">&#160;<br/>
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<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">8.1</span></p> </td>
<td style="height: 10px; vertical-align: top; width: 90%; padding: 0px 0px 5px; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 11pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><a href="#BSD_5_142202518149316"><span style="font-family: 'Times New Roman'; font-size: 10pt;">List of subsidiaries of Ultrapar (incorporated by reference to Note 1 to our Consolidated Financial Statements included in this annual report).</span></a></p> </td> </tr>
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<td style="padding: 0px; height: 11px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">11.1</span></p> </td>
<td style="height: 11px; vertical-align: top; background-color: #cceeff; padding: 0px 0px 5px; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 11pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><a href="http://www.sec.gov/Archives/edgar/data/1094972/000155485525000195/MainDocument.htm"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Code of Ethics, amended on </span><span style="font-family: 'Times New Roman'; font-size: 11pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">D</span><span style="font-family: &quot;Times New Roman&quot;; font-size: 10pt;">ecember</span></span> <span style="font-family: 'Times New Roman'; font-size: 10pt;">12</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">, </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">202</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">4</span> <span style="font-family: 'Times New Roman'; font-size: 10pt;">(incorporated by reference to the report on Form 6-K furnished by Ultrapar Participa&#231;&#245;es S.A. filed on March</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">2</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">1</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">, </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">202</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">5</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">). </span></a></p> </td> </tr>
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<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">11.2</span></p> </td>
<td style="height: 14px; vertical-align: top; padding: 0px 0px 5px; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><a href="http://www.sec.gov/Archives/edgar/data/1094972/000155485524000627/MainDocument.htm"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Material Notice Disclosure and Securities Trading Corporate Policies, incorporated by reference to the report on Form 6-K furnished by Ultrapar Participa&#231;&#245;es S.A. filed on August 8, 2024</span></a></p> </td> </tr>
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<td style="padding: 0px; height: 10px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">12.1</span></p> </td>
<td style="height: 10px; vertical-align: top; background-color: #cceeff; padding: 0px 0px 5px; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 11pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><a href="ex121_2.htm" class="LinkedExhibit" style="-sec-extract:exhibit"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Certification of Chief Executive Officer pursuant to Section</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">302 of the Sarbanes-Oxley Act of 2002. </span></a></p> </td> </tr>
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<td style="padding: 0px; height: 10px; vertical-align: top; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">12.2</span></p> </td>
<td style="height: 10px; vertical-align: top; padding: 0px 0px 5px; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 11pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><a href="ex122_3.htm" class="LinkedExhibit" style="-sec-extract:exhibit"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Certification of Chief Financial Officer pursuant to Section</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">302 of the Sarbanes-Oxley Act of 2002.</span></a></p> </td> </tr>
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<td style="padding: 0px; height: 10px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">13</span></p> </td>
<td style="height: 10px; vertical-align: top; background-color: #cceeff; padding: 0px 0px 5px; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 11pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><a href="ex13_4.htm" class="LinkedExhibit" style="-sec-extract:exhibit"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">1350, as adopted pursuant to Section</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">906 of the Sarbanes-Oxley Act of 2002. </span></a></p> </td> </tr>
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<td style="padding: 0px; height: 10px; vertical-align: top; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">99.1</span></p> </td>
<td style="height: 10px; vertical-align: top; padding: 0px 0px 5px; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><a href="http://www.sec.gov/Archives/edgar/data/1094972/000155485524000295/ex991_5.htm">Corporate Clawback Policy (incorporated by reference to Exhibit 99.1 to Form 20-F of Ultrapar Participa&#231;&#245;es S.A. filed on April 23, 2024)</a></p> </td> </tr>
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<td style="padding: 0px; height: 10px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">101.INS</span></p> </td>
<td style="height: 10px; vertical-align: top; background-color: #cceeff; padding: 0px 0px 5px; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: 108%; margin: 2pt 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Inline XBRL Instance Document</span></span></p> </td> </tr>
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<td style="padding: 0px; height: 10px; vertical-align: top; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">101.SCH</span></p> </td>
<td style="height: 10px; vertical-align: top; padding: 0px 0px 5px; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Inline XBRL Taxonomy Extension Schema</span></p> </td> </tr>
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<td style="padding: 0px; height: 12px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">101.CAL</span></p> </td>
<td style="height: 12px; vertical-align: top; background-color: #cceeff; padding: 0px 0px 5px; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Inline XBRL Taxonomy Extension Schema Calculation Linkbase</span></p> </td> </tr>
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<td style="padding: 0px; height: 10px; vertical-align: top; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">101.DEF</span></p> </td>
<td style="height: 10px; vertical-align: top; padding: 0px 0px 5px; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Inline XBRL Taxonomy Extension Schema Definition Linkbase</span></p> </td> </tr>
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<td style="padding: 0px; height: 10px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">101.LAB</span></p> </td>
<td style="height: 10px; vertical-align: top; background-color: #cceeff; padding: 0px 0px 5px; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Inline XBRL Taxonomy Extension Label Linkbase Document</span></p> </td> </tr>
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<td style="padding: 0px; height: 10px; vertical-align: top; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">101.PRE</span></p> </td>
<td style="height: 10px; vertical-align: top; padding: 0px 0px 5px; margin: 0px; text-indent: 0px;" valign="top">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Inline XBRL Taxonomy Extension Presentation Linkbase Document</span></p> </td> </tr> </tbody> </table>
<p style="margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: justify; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">There are certain promissory notes and other instruments and agreements with respect to long-term debt of our Company omitted from the exhibits filed with or incorporated by reference into this annual report, none of which authorizes securities in a total amount that exceeds 10% of the total assets of our Company. See &#8220;Item</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">5.B. Operating and Financial Review and Prospect&#8212;Liquidity and Capital Resources&#8212;Consolidated Debt.&#8221; We hereby agree to furnish </span><span style="font-family: 'Times New Roman'; font-size: 10pt;">to</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> the SEC copies of any such omitted promissory notes or other instruments or agreements as the Commission requests.&#160;</span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>142</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div><div id="Dnrmcksoio04cr9c4981om" style="font-family: 'times new roman', times; font-size: 10pt;">
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<p style="margin: 5pt 0pt 0pt; page-break-after: avoid; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">SIGNATURES </span></p>
<p style="margin: 6pt 0pt 0pt; text-indent: 24.5pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Pursuant to the requirements of Section</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">12 of the Securities Exchange Act of 1934, the registrant certifies that it meets all requirements for filing on Form 20-F and has duly caused this annual report to be signed on its behalf by the undersigned, thereunto duly authorized. </span></p>
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<p style="line-height: 2pt; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p> </td>
<td colspan="2" style="height: 10px; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 10pt; line-height: 108%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</span></p> </td> </tr>
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<p style="break-after: avoid; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">By:</span></p> </td>
<td style="border-bottom: 0.75pt solid #000000; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 10pt; line-height: 108%; text-align: center; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';">/S/ </span><span style="font-family: 'Times New Roman';">R</span><span style="font-family: 'Times New Roman';">ODRIGO DE</span><span style="font-family: 'Times New Roman';"> A</span><span style="font-family: 'Times New Roman';">LMEIDA</span><span style="font-family: 'Times New Roman';"> P</span><span style="font-family: 'Times New Roman';">IZZINATTO</span></span></p> </td> </tr>
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<p style="line-height: 2pt; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt;">&#160;</span></p> </td>
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<p style="break-after: avoid; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Name:</span></p> </td>
<td style="height: 10px; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 108%; text-align: center; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Rodrigo de Almeida Pizzinatto</span></p> </td> </tr>
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<p style="break-after: avoid; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Title:</span></p> </td>
<td style="height: 10px; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 10pt; line-height: 108%; text-align: center; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Chief Executive Officer</span></p> </td> </tr> </tbody> </table>
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<p style="font-size: 10pt; line-height: 1.2; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td>
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<td style="height: 10px; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 18px;">
<td style="height: 18px; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 18px; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p> </td>
<td style="height: 18px; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p> </td>
<td style="height: 18px; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p> </td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; width: 41%; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Date: </span><span style="font-family: 'Times New Roman';font-size: 10pt;">April</span><span style="font-family: 'Times New Roman';font-size: 10pt;">&#160;</span><span style="font-family: 'Times New Roman';font-size: 10pt;">2</span><span style="font-family: 'Times New Roman';font-size: 10pt;">2</span><span style="font-family: 'Times New Roman';font-size: 10pt;">, 2025</span></p> </td>
<td style="padding: 0px; height: 10px; width: 12%; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 2pt; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p> </td>
<td style="height: 10px; width: 6%; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="break-after: avoid; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">By:</span></p> </td>
<td style="border-bottom: 0.75pt solid #000000; height: 10px; width: 41%; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 10pt; line-height: 108%; text-align: center; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';">/</span><span style="font-family: 'Times New Roman';">S</span><span style="font-family: 'Times New Roman';">/ </span><span style="font-family: 'Times New Roman';">ALEXANDRE MENDES PALHARES</span></span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 2pt; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt;">&#160;</span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 2pt; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 8pt;">&#160;</span></p> </td>
<td style="height: 10px; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="break-after: avoid; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Name:</span></p> </td>
<td style="height: 10px; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 108%; text-align: center; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Alexandre Mendes Palhares</span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 2pt; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="line-height: 2pt; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p> </td>
<td style="height: 10px; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="break-after: avoid; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Title:</span></p> </td>
<td style="height: 10px; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 10pt; line-height: 108%; text-align: center; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Chief Financial and Investor Relations Officer</span></p> </td> </tr> </tbody> </table> </div>
<p style="margin: 0pt;"><br/></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>143</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Content</a></div> </div> </div>
<p style="margin: 0pt;"><br/></p><div id="Dfp6m4syir5d577il981h7g" style="font-family: 'times new roman', times; font-size: 10pt;">
<div><img src="img270e6ab3afe44a1d8f92.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"/><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none;" href="#TOC" id="BDNN35_1632025111358605" class="customBookmark">&#160; &#160;&#160;</a></div>
<div style="margin: 0px; text-indent: 0px;">
<div>
<table style="width: 100%;">
<tbody>
<tr>
<td class="pgno" style=" padding: 0px; text-align: center;"><span style=" font-size: 10pt;" class="pageno"><span>F-1</span></span></td>
</tr>
</tbody>
</table>
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<div class="pageBreak" style=" page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div> </div><div id="Du78afg8rd9hgjoppp8gu" style="font-family: 'times new roman', times; font-size: 10pt;">
<table style="height: 37px; width: 100%; font-size: 10pt; margin: 0px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman'; margin-left: 0.1px;">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px; width: 80%; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><b style="color: #000000; font-family: 'times new roman', times; font-size: 14.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span style="font-size: 16pt; color: #000000;">Ultrapar<span>&#160;</span>Participa&#231;&#245;es<span>&#160;</span>S.A. and Subsidiaries</span></b><br/></td>
<td style="text-align: right; padding: 0px 30px 5px 0px; margin: 0px; height: 17px; width: 20%; border-bottom: 2px solid #000080;"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr> </tbody> </table>
<p style="margin: 0pt 0pt 0pt; text-align: justify;"><br/></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 12pt;">Table of Contents</span></p> &#8203;&#8203;&#8203;
<table id="TOC2" cellpadding="0" cellspacing="0" border="0" style="width: 100%; margin-left: 0.1px; height: 595px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr style="height: 17px;">
<td id="BM_BSD_11_14220251885260" style="height: 17px; width: 90%;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BSD_11_14220251885260">Consolidated statements of financial position</a></span></td>
<td class="bmpageno" id="BMP_BSD_11_14220251885260" style="height: 17px; width: 10%; text-align: center;">F-8</td> </tr>
<tr style="height: 17px;">
<td id="BM_BCI3_142202521344911" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BCI3_142202521344911">Consolidated statements of income</a></span></td>
<td class="bmpageno" id="BMP_BCI3_142202521344911" style="height: 17px; text-align: center;">F-9</td> </tr>
<tr style="height: 17px;">
<td id="BM_BSD_12_142202518943154" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BSD_12_142202518943154"> Consolidated
statements of comprehensive income </a></span></td>
<td class="bmpageno" id="BMP_BSD_12_142202518943154" style="height: 17px; text-align: center;">F-10</td> </tr>
<tr style="height: 17px;">
<td id="BM_BCHS1_142202521021665" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BCHS1_142202521021665">Consolidated statements of changes in equity</a></span></td>
<td class="bmpageno" id="BMP_BCHS1_142202521021665" style="height: 17px; text-align: center;">F-11</td> </tr>
<tr style="height: 17px;">
<td id="BM_BCF2_142202521224941" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BCF2_142202521224941">Consolidated statements of cash flows - indirect method</a></span></td>
<td class="bmpageno" id="BMP_BCF2_142202521224941" style="height: 17px; text-align: center;">F-14</td> </tr>
<tr style="height: 17px;">
<td id="BM_Bdn122_1832025143859330" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bdn122_1832025143859330">1. Operations</a></span></td>
<td class="bmpageno" id="BMP_Bdn122_1832025143859330" style="height: 17px; text-align: center;">F-15</td> </tr>
<tr style="height: 17px;">
<td id="BM_BSD_5_142202518149316" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BSD_5_142202518149316">a. Principles of consolidation and interest in subsidiaries </a></span></td>
<td class="bmpageno" id="BMP_BSD_5_142202518149316" style="height: 17px; text-align: center;">F-15</td> </tr>
<tr style="height: 17px;">
<td id="BM_BN2_1632025175741899" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BN2_1632025175741899">2. Basis of preparation and presentation of consolidated financial statements </a></span></td>
<td class="bmpageno" id="BMP_BN2_1632025175741899" style="height: 17px; text-align: center;">F-19</td> </tr>
<tr style="height: 17px;">
<td id="BM_BSD_6_142202518213792" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BSD_6_142202518213792">3. New accounting policies and changes in accounting policies </a></span></td>
<td class="bmpageno" id="BMP_BSD_6_142202518213792" style="height: 17px; text-align: center;">F-22</td> </tr>
<tr style="height: 17px;">
<td id="BM_BJKB4_142202521132552" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BJKB4_142202521132552">4. Cash and cash equivalents, financial investments, derivative financial instruments and other financial assets</a></span></td>
<td class="bmpageno" id="BMP_BJKB4_142202521132552" style="height: 17px; text-align: center;">F-23</td> </tr>
<tr style="height: 17px;">
<td id="BM_BN5_213202523499353" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BN5_213202523499353">5. Trade receivables, reseller financing and other receivables</a></span></td>
<td class="bmpageno" id="BMP_BN5_213202523499353" style="height: 17px; text-align: center;">F-24</td> </tr>
<tr style="height: 17px;">
<td id="BM_BSD_6_142202518612458" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BSD_6_142202518612458">6. Inventories</a></span></td>
<td class="bmpageno" id="BMP_BSD_6_142202518612458" style="height: 17px; text-align: center;">F-26</td> </tr>
<tr style="height: 17px;">
<td id="BM_BJKB7_1422025194410964" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BJKB7_1422025194410964">7. Recoverable taxes</a></span></td>
<td class="bmpageno" id="BMP_BJKB7_1422025194410964" style="height: 17px; text-align: center;">F-27</td> </tr>
<tr style="height: 17px;">
<td id="BM_BSD_8_142202518637405" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BSD_8_142202518637405">8. Related parties</a></span></td>
<td class="bmpageno" id="BMP_BSD_8_142202518637405" style="height: 17px; text-align: center;">F-29</td> </tr>
<tr style="height: 17px;">
<td id="BM_BJKB9_142202521613441" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BJKB9_142202521613441">9. Income and social contribution taxes</a></span></td>
<td class="bmpageno" id="BMP_BJKB9_142202521613441" style="height: 17px; text-align: center;">F-31</td> </tr>
<tr style="height: 17px;">
<td id="BM_BJKB10_142202519467100" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BJKB10_142202519467100">10. Contractual assets with customers - exclusivity rights</a></span></td>
<td class="bmpageno" id="BMP_BJKB10_142202519467100" style="height: 17px; text-align: center;">F-35</td> </tr>
<tr style="height: 17px;">
<td id="BM_Bnd563_1832025144919385" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bnd563_1832025144919385">11. Investments in subsidiaries, joint ventures and associates</a></span></td>
<td class="bmpageno" id="BMP_Bnd563_1832025144919385" style="height: 17px; text-align: center;">F-35</td> </tr>
<tr style="height: 17px;">
<td id="BM_BJKB12_1422025194646817" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BJKB12_1422025194646817">12. Right-of-use assets and leases payable</a></span></td>
<td class="bmpageno" id="BMP_BJKB12_1422025194646817" style="height: 17px; text-align: center;">F-40</td> </tr>
<tr style="height: 17px;">
<td id="BM_BJKB13_1422025194822359" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BJKB13_1422025194822359">13. Property, plant, and equipment</a></span></td>
<td class="bmpageno" id="BMP_BJKB13_1422025194822359" style="height: 17px; text-align: center;">F-44</td> </tr>
<tr style="height: 17px;">
<td id="BM_BSD_1_142202517832299" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BSD_1_142202517832299">14. Intangible assets</a></span></td>
<td class="bmpageno" id="BMP_BSD_1_142202517832299" style="height: 17px; text-align: center;">F-47</td> </tr>
<tr style="height: 17px;">
<td id="BM_BJKB15_1422025194854531" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BJKB15_1422025194854531">15. Loans, financing, debentures and derivative financial instruments</a></span></td>
<td class="bmpageno" id="BMP_BJKB15_1422025194854531" style="height: 17px; text-align: center;">F-50</td> </tr>
<tr style="height: 17px;">
<td id="BM_BJKB16_1422025194916755" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BJKB16_1422025194916755">16. Trade payables</a></span></td>
<td class="bmpageno" id="BMP_BJKB16_1422025194916755" style="height: 17px; text-align: center;">F-54</td> </tr>
<tr style="height: 17px;">
<td id="BM_Bnd321_1832025145338921" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bnd321_1832025145338921">17. Employee benefits and private pension plan </a></span></td>
<td class="bmpageno" id="BMP_Bnd321_1832025145338921" style="height: 17px; text-align: center;">F-55</td> </tr>
<tr style="height: 17px;">
<td id="BM_Bnd2122_1832025145936628" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bnd2122_1832025145936628">18. Provisions and contingent liabilities</a></span></td>
<td class="bmpageno" id="BMP_Bnd2122_1832025145936628" style="height: 17px; text-align: center;">F-57</td> </tr>
<tr style="height: 17px;">
<td id="BM_Bnd432_183202515057384" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bnd432_183202515057384">19. Subscription warrants &#8211; indemnification</a></span></td>
<td class="bmpageno" id="BMP_Bnd432_183202515057384" style="height: 17px; text-align: center;">F-60</td> </tr>
<tr style="height: 17px;">
<td id="BM_Bnd221_183202515324773" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bnd221_183202515324773">20. Equity</a></span></td>
<td class="bmpageno" id="BMP_Bnd221_183202515324773" style="height: 17px; text-align: center;">F-61</td> </tr>
<tr style="height: 17px;">
<td id="BM_BJKB21_1422025195012277" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BJKB21_1422025195012277">21. Costs,expenses and other operating results by nature</a></span></td>
<td class="bmpageno" id="BMP_BJKB21_1422025195012277" style="height: 17px; text-align: center;">F-66</td> </tr>
<tr style="height: 17px;">
<td id="BM_Bnd421_183202515555113" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bnd421_183202515555113">22. Financial result</a></span></td>
<td class="bmpageno" id="BMP_Bnd421_183202515555113" style="height: 17px; text-align: center;">F-67</td> </tr>
<tr style="height: 17px;">
<td id="BM_Bndd22_18320251565872" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bndd22_18320251565872">23. Earnings per share</a></span></td>
<td class="bmpageno" id="BMP_Bndd22_18320251565872" style="height: 17px; text-align: center;">F-68</td> </tr>
<tr style="height: 17px;">
<td id="BM_Bdnd12_18320251585246" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bdnd12_18320251585246">24. Segment information</a></span></td>
<td class="bmpageno" id="BMP_Bdnd12_18320251585246" style="height: 17px; text-align: center;">F-69</td> </tr>
<tr style="height: 17px;">
<td id="BM_Bndd321_1832025151118380" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bndd321_1832025151118380">25. Financial instruments</a></span></td>
<td class="bmpageno" id="BMP_Bndd321_1832025151118380" style="height: 17px; text-align: center;">F-74</td> </tr>
<tr style="height: 17px;">
<td id="BM_Bnd98_1832025151237999" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bnd98_1832025151237999"> 26. Commitments</a></span></td>
<td class="bmpageno" id="BMP_Bnd98_1832025151237999" style="height: 17px; text-align: center;">F-87</td> </tr>
<tr style="height: 17px;">
<td id="BM_Bnd898_1832025151540400" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bnd898_1832025151540400">27. Acquisition of Interest and Control</a></span></td>
<td class="bmpageno" id="BMP_Bnd898_1832025151540400" style="height: 17px; text-align: center;">F-87</td> </tr>
<tr style="height: 17px;">
<td id="BM_Bnd998_18320251520521" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bnd998_18320251520521">28. Discontinued operations</a></span></td>
<td class="bmpageno" id="BMP_Bnd998_18320251520521" style="height: 17px; text-align: center;">F-92</td> </tr>
<tr style="height: 17px;">
<td id="BM_BJKB29_142202519525883" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BJKB29_142202519525883">29. Events after the reporting period</a></span></td>
<td class="bmpageno" id="BMP_BJKB29_142202519525883" style="height: 17px; text-align: center;">F-93</td> </tr> </tbody> </table> </div>
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<p>&#160;</p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-2</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div><div style="font-family: 'times new roman', times; font-size: 10pt;">
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<p style="border: 0px; box-sizing: border-box; margin: 0pt; line-height: 1.2;"><span style="font-size: 7pt; font-family: 'times new roman', times; color: #000000;">Deloitte Touche Tohmatsu<br/></span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt; line-height: 1.2;"><span style="font-size: 7pt; font-family: 'times new roman', times; color: #000000;">Av. Dr. Chucri Zaidan, 1.240 -</span><br/></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt; line-height: 1.2;"><span style="font-size: 7pt; font-family: 'times new roman', times; color: #000000;">4&#186; ao 12&#186; pisos - Golden Tower</span><br/></p>
<p style="margin: 0in; color: #333333; font-size: 10.5pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 8.5pt; font-family: 'Times New Roman', serif;"><span style="font-size: 7pt; font-family: 'times new roman', times; color: #000000;">04711-130 -<span>&#160;</span>S&#227;o<span>&#160;</span>Paulo - SP</span><br/></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt; line-height: 1.2;"><span style="font-size: 7pt; font-family: 'times new roman', times; color: #000000;">Brasil<br/></span></p>
<p style="margin: 0in; color: #333333; font-size: 10.5pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 8.5pt; font-family: 'Times New Roman', serif;"><span style="font-size: 7pt; font-family: 'times new roman', times; color: #000000;">&#160;</span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt; line-height: 1.2;"><span style="font-size: 7pt; font-family: 'times new roman', times; color: #000000;">Tel.: + 55 (11) 5186-1000</span><br/></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt; line-height: 1.2;"><span style="font-size: 7pt; font-family: 'times new roman', times; color: #000000;">Fax: + 55 (11) 5181-2911</span><br/></p> <span style="font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 7pt; font-family: 'times new roman', times; color: #000000;">www.deloitte.com.br</span></td> </tr> </tbody> </table>
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<div style="border: 0px; box-sizing: border-box; line-height: 1.2;"><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none;" href="#TOC" id="BAR1_223202512441720" class="customBookmark"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; text-decoration: underline; line-height: inherit;">REPORT OF INDEPENDENT REGISTERED PUBLIC&#160;</span><span style="border: 0px; box-sizing: border-box; text-decoration: underline; line-height: inherit;">ACCOUNTING FIRM</span></span></a></div>
<p style="border: 0px; box-sizing: border-box; margin: 0pt; line-height: 1.2;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">To the Shareholders and the Board of Directors of</span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt; line-height: 1.2;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A.</span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt; line-height: 1.2;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Opinion on the Financial Statements</span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt; line-height: 1.2;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; line-height: inherit;">We have audited the accompanying consolidated statement</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">s</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;of financial position of Ultrapar&#160;</span></span><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; line-height: inherit;">Participa&#231;&#245;es S.A. and subsidiaries (the "Company") as of December 31,&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">202</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">4</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">and&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">202</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">3</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">, the related consolidated statements of income, comprehensive income, changes in equity and cash flows for&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">each of&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">the&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">three&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">years&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">in the period ended December 31, 2024</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31,&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">202</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">4</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">and&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">202</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">3</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">, and the results of its operations and its cash flows for&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">each of&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">the&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">three&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">years&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">in the period&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">ended December 31, 202</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">4</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">, in conformity with IFRS</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;Accounting Standards</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;as issued by the International Accounting Standards Board&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">(</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">IASB</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">)</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">.</span></span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt; line-height: 1.2;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; line-height: inherit;">We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States)&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">(</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">PCAOB</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">)</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">, the Company's internal control over financial reporting as of December 31,&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">202</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">4</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">dated April&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">22</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">,&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">2025</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">, expressed</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;an&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">unqualified opinion</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;on the Company's internal control over financial reporting.</span></span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt; line-height: 1.2;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Basis for Opinion</span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt; line-height: 1.2;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; line-height: inherit;">These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audit</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">s</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.</span></span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt; line-height: 1.2;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; line-height: inherit;">We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">m</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">anagement</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.</span></span></p>
<p style="margin: 0in; color: #333333; font-size: 10.5pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 6.5pt; font-family: 'Times New Roman', serif;"><span style="font-size: 7pt; font-family: 'times new roman', times;">Deloitte&#160;refers to one or more of&#160;Deloitte&#160;Touche&#160;Tohmatsu&#160;Limited (&#8220;DTTL&#8221;), its global network of member firms, and their related entities (collectively, the &#8220;Deloitte&#160;organization&#8221;). DTTL (also referred to as &#8220;Deloitte&#160;Global&#8221;) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more.</span></p>
<p style="margin: 0in; color: #333333; font-size: 10.5pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 6.5pt; font-family: 'Times New Roman', serif;"><span style="font-size: 7pt; font-family: 'times new roman', times;">&#160;</span></p>
<p style="margin: 0in; color: #333333; font-size: 10.5pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 6.5pt; font-family: 'Times New Roman', serif;"><span style="font-size: 7pt;"><span style="font-family: 'times new roman', times;"><span>Deloitte&#160;provides industry-leading audit and assurance, tax and legal, consulting, financial advisory, and risk advisory services to nearly 90% of the Fortune Global 500&#174; and thousands of private companies. Our people deliver measurable and lasting results that help reinforce public trust in capital markets, enable clients to transform and thrive, and lead the way toward a stronger economy, a more equitable society, and a sustainable world. Building on its 175-plus year history,&#160;Deloitte&#160;spans more than 150 countries and territories. Learn how&#160;Deloitte&#8217;s&#160;approximately 457,000 people worldwide make an impact that matters at&#160;</span><span><span>www.deloitte.com</span></span></span><span style="font-family: Calibri, sans-serif;"><span style="font-family: 'times new roman', times;">.</span></span></span></p>
<p style="margin: 0in; color: #333333; font-size: 10.5pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 6.5pt; font-family: 'Times New Roman', serif;"><span style="font-size: 7pt; font-family: Calibri, sans-serif;">&#160;</span></p>
<p style="margin: 0in; color: #333333; font-size: 10.5pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 6.5pt; font-family: 'Times New Roman', serif;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>&#169; 2025.&#160;</span><span>For information, contact&#160;Deloitte&#160;Global.</span></span></p>
<p style="margin: 0in; color: #333333; font-size: 10.5pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 6.5pt; font-family: 'Times New Roman', serif;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span><br/></span></span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-3</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC"><span style="font-family: 'times new roman', times;">Table of Contents</span></a></div> </div> </div>
<div style="border: 0px; box-sizing: border-box; color: #333333; font-family: Roboto, sans-serif; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">
<p style="border: 0px; box-sizing: border-box; margin: 10pt 0pt 10pt;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Critical Audit Matter</span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The critical audit matter communicated below is a matter arising from the current-period audit of the financial statements that was communicated or required to be communicated to the audit committee and that (1) relates to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matters does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit matters below, providing separate opinions on the critical audit matter or on the accounts or disclosures to which it relates.</span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; font-style: italic; font-weight: bold; line-height: inherit;">Recoverable Taxes -&#160;</span><span style="border: 0px; box-sizing: border-box; font-style: italic; font-weight: bold; line-height: inherit;">Recoverability of&#160;</span><span style="border: 0px; box-sizing: border-box; font-style: italic; font-weight: bold; line-height: inherit;">PIS and COFINS&#160;</span><span style="border: 0px; box-sizing: border-box; font-style: italic; font-weight: bold; line-height: inherit;">tax credits</span><span style="border: 0px; box-sizing: border-box; font-style: italic; font-weight: bold; line-height: inherit;">&#160;- Ipiranga</span><span style="border: 0px; box-sizing: border-box; font-style: italic; font-weight: bold; line-height: inherit;">&#160;- Refer to Note 7</span><span style="border: 0px; box-sizing: border-box; font-style: italic; font-weight: bold; line-height: inherit;">.</span><span style="border: 0px; box-sizing: border-box; font-style: italic; font-weight: bold; line-height: inherit;">a.2&#160;</span></span><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; font-style: italic; font-weight: bold; line-height: inherit;">to the consolidated financial statement</span><span style="border: 0px; box-sizing: border-box; font-style: italic; font-weight: bold; line-height: inherit;">s</span><span style="border: 0px; box-sizing: border-box; font-style: italic; font-weight: bold; line-height: inherit;">.</span></span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Critical Audit Matter Description</span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; line-height: inherit;">The Company</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#180;s subsidiary Ipiranga Produtos de Petr&#243;leo S.A. (&#8220;Ipiranga&#8221;)</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">recorded recoverable&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">tax credits&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">related to PIS and COFINS (Federal Value Added Taxes)&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">of&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">R$2,970,314&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">as of December 31,&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">2024</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">, whose realization depends on the generation by Ipiranga of sufficient amounts of qualifying federal tax liabilities in the future</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">.</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">These tax credits may be utilized&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">to offset&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">future PIS and COFINS tax liabilities</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;or&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">other&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">future qualifying&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">federal tax</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;liabilities of Ipiranga,&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">or may be refunded by the Federal Revenue Service through requests if they are filed within the applicable regulatory period.</span></span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; line-height: inherit;">The&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">evaluation of the recoverability&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">of&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">the&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">PIS and COFINS credits&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">of</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">Ipiranga require</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">s</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;a high degree of judgment by&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">the Company&#180;s m</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">anagement, given the complexity underlying the interpretations of the applicable tax laws, as well as the uncertaint</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">ies</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">related to&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">the expected&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">timing and&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">amounts&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">to be realized,&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">which are based on estimates and assumptions of future business performance and market conditions</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">,</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">and&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">involve&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">considerable effort</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">on the part of</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">m</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">anagement in preparing the calculations used to&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">support the realization of</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;those tax credits.</span></span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; line-height: inherit;">This&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">matter was considered a critical audit matter due to the significance of the amounts involved, the complexity and high degree of judgment involved in assessing and challenging&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">m</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">anagement&#8217;s assumptions and judgments regarding the recoverability of tax credits.</span></span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">How the Critical Audit Matter Was Addressed in the Audit</span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; line-height: inherit;">Our audit procedures related to the recoverability of</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;the Ipiranga PIS and COFINS</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;tax credits included the&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">following, among others:</span></span></p>
<ul>
<li style="border: 0px; box-sizing: border-box; font-family: Symbol; font-size: 11pt; font-weight: normal; margin: 0pt 0pt 10pt 10.06pt; padding-left: 7.94pt; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; line-height: inherit;">We tested the design, implementation and operating effectiveness of internal controls over&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">management&#8217;s assessment of the recoverability of the PIS and COFINS credits, including relevant internal controls over the&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">projections&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">prepared by management and&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">used&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">to support the realization of the tax credits</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">.</span></span></li>
<li style="border: 0px; box-sizing: border-box; font-family: Symbol; font-size: 11pt; font-weight: normal; margin: 0pt 0pt 10pt 10.06pt; padding-left: 7.94pt; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; line-height: inherit;">We i</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">nspect</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">ed</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">the&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">approvals of the strategic plan and&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">applicable&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">underlying&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">projections by the Board of Directors.</span></span></li>
<li style="border: 0px; box-sizing: border-box; font-family: Symbol; font-size: 11pt; font-weight: normal; margin: 0pt 0pt 10pt 10.06pt; padding-left: 7.94pt; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; line-height: inherit;">We evaluated the significant assumptions used by&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">m</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">anagement in its recoverability assessment</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">, including the timing and character of future qualifying federal tax liabilities,</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;and tested the completeness and accuracy of the data supporting the significant assumptions</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;underlying management&#180;s projections.</span></span></li> </ul>
<p style="margin: 0in; color: #333333; font-size: 10.5pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 6.5pt; font-family: 'Times New Roman', serif;"><span style="font-size: 7pt; font-family: 'times new roman', times;">Deloitte&#160;refers to one or more of&#160;Deloitte&#160;Touche&#160;Tohmatsu&#160;Limited, a UK private company limited by guarantee (&#8220;DTTL&#8221;), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as &#8220;Deloitte&#160;Global&#8221;) does not provide services to clients. Please see www.deloitte.com/about for a more detailed description of DTTL and its member firms.</span></p>
<p style="margin: 0in; color: #333333; font-size: 10.5pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman', serif; line-height: 1.2;"><span style="font-size: 7pt; font-family: 'times new roman', times; line-height: inherit;">&#160;</span></p>
<p style="margin: 0in; color: #333333; font-size: 10.5pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 6.5pt; font-family: 'Times New Roman', serif;"><span style="font-size: 7pt; font-family: 'times new roman', times;">Deloitte&#160;provides audit, consulting, financial advisory, risk management, tax and related services to public and private clients spanning multiple industries.&#160;Deloitte&#160;serves four out of five Fortune Global 500&#174; companies through a globally connected network of member firms in more than 150 countries bringing world-class capabilities, insights, and high-quality service to address clients&#8217; most complex business challenges. To learn more about how&#160;Deloitte&#8217;s&#160;approximately 286,200 professionals make an impact that matters, please connect with us on&#160;Facebook,&#160;LinkedIn&#160;or Twitter.</span></p>
<p style="margin: 0in -2.85pt 0in 0in; color: #333333; font-size: 10.5pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 1.2; font-family: 'Times New Roman', serif;"><span style="font-size: 7pt; font-family: 'times new roman', times; line-height: inherit;">&#160;</span></p>
<p style="margin: 0in; color: #333333; font-size: 10.5pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 6.5pt; font-family: 'Times New Roman', serif;"><span style="font-size: 7pt; font-family: 'times new roman', times;">&#169; 2025. For information, contact&#160;Deloitte&#160;Global.</span></p>
<p style="margin: 0in; color: #333333; font-size: 10.5pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 6.5pt; font-family: 'Times New Roman', serif;"><span style="font-size: 7pt; font-family: 'times new roman', times;"><br/></span></p>
<p style="margin: 0in; color: #333333; font-size: 10.5pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 6.5pt; font-family: 'Times New Roman', serif;"><span style="font-size: 7pt; font-family: 'times new roman', times;"><br/></span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><span>F-4</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><span style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></span></div> </div> <br/>
<ul>
<li style="border: 0px; box-sizing: border-box; font-family: Symbol; font-size: 11pt; font-weight: normal; margin: 0pt 0pt 10pt 10.06pt; padding-left: 7.94pt; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; line-height: inherit;">With the assistance of our tax specialists, we evaluated the application of tax laws&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">and procedures&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">used in the recoverability assessment.</span></span></li>
<li style="border: 0px; box-sizing: border-box; font-family: Symbol; font-size: 11pt; font-weight: normal; margin: 0pt 0pt 10pt 10.06pt; padding-left: 7.94pt; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; line-height: inherit;">We inquired of executives from the businesses, treasury and controllership areas&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">and challenged&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">the significant assumptions underlying management&#180;s projections in light of historical performance.</span></span></li>
<li style="border: 0px; box-sizing: border-box; font-family: Symbol; font-size: 11pt; font-weight: normal; margin: 0pt 0pt 10pt 10.06pt; padding-left: 7.94pt; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; line-height: inherit;">We performed&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">a retrospective analysis, including the evaluation of the history of tax&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">credit&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">offsets and refunds,&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">including</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">assessing any contradictory evidence.</span></span></li>
<li style="border: 0px; box-sizing: border-box; font-family: Symbol; font-size: 11pt; font-weight: normal; margin: 0pt 0pt 10pt 10.06pt; padding-left: 7.94pt; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; line-height: inherit;">We evaluated the related disclosures in the financial statements</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">.</span></span></li>
<li style="border: 0px; box-sizing: border-box; font-family: Symbol; font-size: 11pt; font-weight: normal; margin: 0pt 0pt 10pt 10.06pt; padding-left: 7.94pt; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; line-height: inherit;">We assessed the accuracy and completeness of disclosures related to PIS and COFINS tax credits</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">.</span></span></li> </ul>
<p style="border: 0px; box-sizing: border-box; margin: 0pt;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">DELOITTE TOUCHE TOHMATSU</span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Auditores Independentes Ltda.</span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231" name="dei:AuditorLocation" id="Tag24">S&#227;o Paulo, Brazil</ix:nonNumeric></span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; line-height: inherit;">April&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">22</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">,&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">2025</span></span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We have served as the Company's auditor since 2022.</span></p> </div>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>F-5</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div>
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<p style="border: 0px; box-sizing: border-box;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; text-decoration: underline; line-height: inherit;"><br/></span></p>
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<p style="margin: 0in; color: #333333; font-size: 10.5pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 8.5pt; font-family: 'Times New Roman', serif;"><span style="font-size: 7pt; font-family: 'times new roman', times; color: #000000;">Deloitte Touche Tohmatsu<br/></span></p>
<p style="margin: 0in; color: #333333; font-size: 10.5pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 8.5pt; font-family: 'Times New Roman', serif;"><span style="font-size: 7pt; font-family: 'times new roman', times; color: #000000;">Av. Dr. Chucri Zaidan, 1.240 -</span><br/></p>
<p style="margin: 0in; color: #333333; font-size: 10.5pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 8.5pt; font-family: 'Times New Roman', serif;"><span style="font-size: 7pt; font-family: 'times new roman', times; color: #000000;">4&#186; ao 12&#186; pisos - Golden Tower</span><br/></p>
<p style="margin: 0in; color: #333333; font-size: 10.5pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 8.5pt; font-family: 'Times New Roman', serif;"><span style="font-size: 7pt; font-family: 'times new roman', times; color: #000000;">04711-130 -<span>&#160;</span>S&#227;o<span>&#160;</span>Paulo - SP</span><br/></p>
<p style="margin: 0in; color: #333333; font-size: 10.5pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 8.5pt; font-family: 'Times New Roman', serif;"><span style="font-size: 7pt; font-family: 'times new roman', times; color: #000000;">Brasil<br/></span></p>
<p style="margin: 0in; color: #333333; font-size: 10.5pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 8.5pt; font-family: 'Times New Roman', serif;"><span style="font-size: 7pt; font-family: 'times new roman', times; color: #000000;">&#160;</span></p>
<p style="margin: 0in; color: #333333; font-size: 10.5pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 8.5pt; font-family: 'Times New Roman', serif;"><span style="font-size: 7pt; font-family: 'times new roman', times; color: #000000;">Tel.: + 55 (11) 5186-1000</span><br/></p>
<p style="margin: 0in; color: #333333; font-size: 10.5pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 8.5pt; font-family: 'Times New Roman', serif;"><span style="font-size: 7pt; font-family: 'times new roman', times; color: #000000;">Fax: + 55 (11) 5181-2911</span><br/></p> <span style="font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 7pt; font-family: 'times new roman', times; color: #000000;">www.deloitte.com.br</span></td> </tr> </tbody> </table>
<p style="border: 0px; box-sizing: border-box;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; text-decoration: underline; line-height: inherit;"><br/></span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; text-decoration: underline; line-height: inherit;">REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">To the Shareholders and the Board of Directors of</span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A.</span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Opinion on Internal Control over Financial Reporting</span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; line-height: inherit;">We have audited the internal control over financial reporting of Ultrapar Participa&#231;&#245;es S.A. and subsidiaries (the &#8220;Company&#8221;) as of December 31,&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">202</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">4</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway&#160;</span></span><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; line-height: inherit;">Commission (COSO). In our opinion,&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">the Company maintained, in all material respects,&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">effective internal control over financial reporting as of December 31,&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">202</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">4</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">, based on criteria established in Internal&#160;</span></span><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Control - Integrated Framework (2013) issued by COSO.</span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; line-height: inherit;">We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States)&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">(</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">PCAOB</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">)</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">, the consolidated&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">financial statements as of and for the year ended&#160;</span></span><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; line-height: inherit;">December 31,&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">2024</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">, of the Company and our report dated April&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">22</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">,&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">2025</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">, expressed an unqualified</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;opinion on those financial statements.</span></span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; line-height: inherit;">As described in Management&#8217;s Annual Report on Internal Control Over Financial Reporting, the Company&#8217;s&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">m</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">anagement&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">excluded from its assessment the internal control over financial reporting at&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">Witzler Participa&#231;&#245;es S.A. (&#8220;Witzler&#8221;)</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">, as the Company completed the acquisition of&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">51,7</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">% of the outstanding share capital of&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">Witzler</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;on September&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">10</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">,&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">202</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">4</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">. The financial statements of&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">Witzler</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;constitute approximately&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">1.5</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">%,&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">1.3</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">%,&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">0.1</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">% and&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">2.1</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">% of consolidated net assets, total assets, net revenue from sales and services and net income, respectively,&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">of</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;the&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">Company</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#180;s</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">consolidated financial statement</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;amounts</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">&#160;as of and for the year ended December 31,&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">202</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">4</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">. Accordingly, our audit did not include internal control over financial reporting at&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">Witzler</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">.</span></span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Basis for Opinion</span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; line-height: inherit;">The Company&#8217;s&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">m</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">anagement is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting, included in the accompanying Management&#8217;s annual report on internal control over financial reporting</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">, appearing in Item 15(b)</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">.&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">Our responsibility is to express an opinion on the Company&#8217;s internal control over financial reporting based on our audit. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.</span></span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects. Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion.</span></p>
<div style="mso-element: frame; mso-element-frame-hspace: 9.05pt; mso-element-wrap: around; mso-element-anchor-vertical: page; mso-element-anchor-horizontal: column; mso-element-top: 749.9pt; mso-height-rule: exactly;">
<p style="margin: 0in; color: #333333; font-size: 10.5pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman', serif; line-height: 1.2;"><span style="font-size: 7pt; font-family: 'times new roman', times; color: #000000; line-height: inherit;">Deloitte&#160;refers to one or more of&#160;Deloitte&#160;Touche&#160;Tohmatsu&#160;Limited (&#8220;DTTL&#8221;), its global network of member firms, and their related entities (collectively, the &#8220;Deloitte&#160;organization&#8221;). DTTL (also referred to as &#8220;Deloitte&#160;Global&#8221;) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more.</span></p>
<p style="margin: 0in; color: #333333; font-size: 10.5pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman', serif; line-height: 1.2;"><span style="font-size: 7pt; font-family: 'times new roman', times; color: #000000; line-height: inherit;">&#160;</span></p>
<p style="margin: 0in; color: #333333; font-size: 10.5pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman', serif; line-height: 1.2;"><span style="font-size: 7pt; font-family: 'times new roman', times; line-height: inherit;"><span style="color: #000000; line-height: inherit;">Deloitte&#160;provides industry-leading audit and assurance, tax and legal, consulting, financial advisory, and risk advisory services to nearly 90% of the Fortune Global 500&#174; and thousands of private companies. Our people deliver measurable and lasting results that help reinforce public trust in capital markets, enable clients to transform and thrive, and lead the way toward a stronger economy, a more equitable society, and a sustainable world. Building on its 175-plus year history,&#160;Deloitte&#160;spans more than 150 countries and territories. Learn how&#160;Deloitte&#8217;s&#160;approximately 457,000 people worldwide make an impact that matters at&#160;</span><span style="line-height: inherit;"><span style="line-height: inherit;">www.deloitte.com</span></span><span style="color: black; line-height: inherit;">.</span></span></p> </div>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt; line-height: 1.2;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;"> <span style="color: #000000; line-height: inherit;">&#169; 2025. </span><span style="color: #000000; line-height: inherit;">For information, contact Deloitte Global.</span> </span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>F-6</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div> </div>
<div style="border: 0px; box-sizing: border-box; color: #333333; font-family: Roboto, sans-serif; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">
<p style="border: 0px; box-sizing: border-box; margin: 10pt 0pt 10pt;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Definition and Limitations of Internal Control over Financial Reporting</span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">A company&#8217;s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company&#8217;s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company&#8217;s assets that could have a material effect on the financial statements.</span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.</span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">DELOITTE TOUCHE TOHMATSU</span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Auditores Independentes Ltda.</span><br/><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; line-height: inherit;">S&#227;o Paulo</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">, Brazil</span></span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt;"><span style="border: 0px; box-sizing: border-box; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0pt 10pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border: 0px; box-sizing: border-box; line-height: inherit;">April&#160;</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">22</span><span style="border: 0px; box-sizing: border-box; line-height: inherit;">, 2025</span></span></p> </div> </div>
<div style="font-family: 'times new roman', times; font-size: 10pt;">
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>F-7</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div>
<div style="font-family: 'times new roman', times; font-size: 10pt;"><br/></div>
<div style="font-family: 'times new roman', times; font-size: 10pt;"> <br/></div><div id="Dmgpb66albufjapueo9fbg" style="font-family: 'times new roman', times; font-size: 10pt;">
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<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BSD_11_14220251885260" class="customBookmark"><b style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff;">Consolidated statements of financial position</b></a></td>
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<td style="padding: 0px; margin: 0px;"><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BFi_2132025212131891" class="customBookmark"><b style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; background-color: #ffffff;"></b></a><b style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; background-color: #ffffff;"><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BFi_213202521213398" class="customBookmark">As of December 31, 2024 and 2023</a></b></td>
<td style="padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><i style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">In thousands of Brazilian<span>&#160;</span>Reais)</i></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><br/></td> </tr> </tbody> </table>
<p style="margin: 0pt; line-height: 1.2;"><br/></p>
<div style="border-left: none; border-right: none;">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 799px; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 23.9837%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 6.02981%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Note </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7.99458%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.01626%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.01626%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7.99458%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.01626%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.01626%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 25%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 6.02981%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Note </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7.99458%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.01626%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.01626%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7.99458%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.44092%;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 23.9837%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 6.02981%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.99458%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.01626%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.01626%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.99458%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.01626%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.01626%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 25%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Liabilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 6.02981%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.99458%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.01626%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.01626%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.99458%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.44092%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Current assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="height: 17px; width: 7.99458%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 17px; width: 7.99458%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Current liabilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 7.99458%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 7.99458%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash and cash equivalents </span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>4</span>.a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:CashAndCashEquivalents" unitRef="BRL" id="Tag5323" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,071,593</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:CashAndCashEquivalents" unitRef="BRL" id="Tag5353" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,925,688</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade payables </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>16</span>.a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers" unitRef="BRL" id="Tag5250" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,518,385</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers" unitRef="BRL" id="Tag5284" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,682,671</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 11px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 11px; width: 23.9837%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financial investments, derivative financial instruments and other financial assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 11px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>4</span>.b </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 11px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:CurrentInvestments" unitRef="BRL" id="Tag5283" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,553,011</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 11px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 11px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 11px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:CurrentInvestments" unitRef="BRL" id="Tag5312" decimals="-3" scale="3" format="ixt:num-dot-decimal">292,934</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 11px; width: 1.01626%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 11px; width: 1.01626%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 11px; width: 25%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade payables - reverse factoring </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 11px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>16</span>.b </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 11px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:TradeCurrentPayablesReverseFactoring" unitRef="BRL" id="Tag1159" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,014,504</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 11px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 11px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 11px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:TradeCurrentPayablesReverseFactoring" unitRef="BRL" id="Tag5326" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,039,366</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 11px; width: 1.44092%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade receivables </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>5</span>.a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:CurrentTradeReceivables" unitRef="BRL" id="Tag5303" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,540,266</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:CurrentTradeReceivables" unitRef="BRL" id="Tag5311" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,921,790</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Loans, financing and derivative financial instruments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>15</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:LoansFinancingAndHedgingInstrumentsCurrent" unitRef="BRL" id="Tag5247" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,175,017</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:LoansFinancingAndHedgingInstrumentsCurrent" unitRef="BRL" id="Tag5341" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,075,672</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Reseller financing </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>5</span>.a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:CurrentResellerFinancing" unitRef="BRL" id="Tag5359" decimals="-3" scale="3" format="ixt:num-dot-decimal">511,979</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:CurrentResellerFinancing" unitRef="BRL" id="Tag5320" decimals="-3" scale="3" format="ixt:num-dot-decimal">504,862</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>15</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued" unitRef="BRL" id="Tag5252" decimals="-3" scale="3" format="ixt:num-dot-decimal">377,743</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued" unitRef="BRL" id="Tag5279" decimals="-3" scale="3" format="ixt:num-dot-decimal">917,582</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade receivables - sale of subsidiaries </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>5</span>.c </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:CurrentReceivablesFromSaleOfInvestments" unitRef="BRL" id="Tag5366" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:CurrentReceivablesFromSaleOfInvestments" unitRef="BRL" id="Tag5266" decimals="-3" scale="3" format="ixt:num-dot-decimal">924,364</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Salaries and related charges </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:ShorttermEmployeeBenefitsAccruals" unitRef="BRL" id="Tag5299" decimals="-3" scale="3" format="ixt:num-dot-decimal">480,285</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:ShorttermEmployeeBenefitsAccruals" unitRef="BRL" id="Tag1158" decimals="-3" scale="3" format="ixt:num-dot-decimal">494,771</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Inventories </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>6</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:Inventories" unitRef="BRL" id="Tag5340" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,917,076</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:Inventories" unitRef="BRL" id="Tag5319" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,291,431</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Taxes payable </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag5256" decimals="-3" scale="3" format="ixt:num-dot-decimal">151,230</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag5308" decimals="-3" scale="3" format="ixt:num-dot-decimal">168,730</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Recoverable taxes </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>7</span>.a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:CurrentReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag5360" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,040,008</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:CurrentReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag5349" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,462,269</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Energy trading futures contracts </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times;font-size: 10pt;font-weight: bold;"> <span>25</span>.h </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:CurrentEnergyTradingFuturesContractsLiabilities" unitRef="BRL" id="Tag5274" decimals="-3" scale="3" format="ixt:num-dot-decimal">66,729</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20231231" name="ugp:CurrentEnergyTradingFuturesContractsLiabilities" unitRef="BRL" id="Tag5302" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Recoverable income and social contribution taxes </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>7</span>.b </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:CurrentTaxAssetsCurrent" unitRef="BRL" id="Tag5263" decimals="-3" scale="3" format="ixt:num-dot-decimal">151,930</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:CurrentTaxAssetsCurrent" unitRef="BRL" id="Tag5365" decimals="-3" scale="3" format="ixt:num-dot-decimal">171,051</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Dividends payable </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:CurrentDividendPayables" unitRef="BRL" id="Tag5264" decimals="-3" scale="3" format="ixt:num-dot-decimal">327,471</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:CurrentDividendPayables" unitRef="BRL" id="Tag5288" decimals="-3" scale="3" format="ixt:num-dot-decimal">334,641</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Energy trading futures contracts </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times;font-size: 10pt;font-weight: bold;"> <span>25</span>.h </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:CurrentEnergyTradingFuturesContractsAssets" unitRef="BRL" id="Tag5356" decimals="-3" scale="3" format="ixt:num-dot-decimal">141,257</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:CurrentEnergyTradingFuturesContractsAssets" unitRef="BRL" id="Tag5337" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Income and social contribution taxes payable </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:CurrentTaxLiabilitiesCurrent" unitRef="BRL" id="Tag1157" decimals="-3" scale="3" format="ixt:num-dot-decimal">322,074</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:CurrentTaxLiabilitiesCurrent" unitRef="BRL" id="Tag5287" decimals="-3" scale="3" format="ixt:num-dot-decimal">551,792</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Dividends receivable </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:DividendsReceivableCurrent" unitRef="BRL" id="Tag5346" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,415</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:DividendsReceivableCurrent" unitRef="BRL" id="Tag5255" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,572</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Post-employment benefits </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>17</span>.b </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:CurrentProvisionsForEmployeeBenefits" unitRef="BRL" id="Tag5237" decimals="-3" scale="3" format="ixt:num-dot-decimal">24,098</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:CurrentProvisionsForEmployeeBenefits" unitRef="BRL" id="Tag5336" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,612</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other receivables and other assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:TradeAndOtherCurrentReceivables" unitRef="BRL" id="Tag5330" decimals="-3" scale="3" format="ixt:num-dot-decimal">294,769</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:TradeAndOtherCurrentReceivables" unitRef="BRL" id="Tag5314" decimals="-3" scale="3" format="ixt:num-dot-decimal">263,806</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for decarbonization credit </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:ProvisionForDecarbonizationCredit" unitRef="BRL" id="Tag5285" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:ProvisionForDecarbonizationCredit" unitRef="BRL" id="Tag5364" decimals="-3" scale="3" format="ixt:num-dot-decimal">741,982</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Prepaid expenses </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:CurrentPrepaidExpenses" unitRef="BRL" id="Tag5281" decimals="-3" scale="3" format="ixt:num-dot-decimal">163,846</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:CurrentPrepaidExpenses" unitRef="BRL" id="Tag5318" decimals="-3" scale="3" format="ixt:num-dot-decimal">99,922</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provisions for tax, civil and labor risks </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>18</span>.a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:ShorttermLegalProceedingsProvision" unitRef="BRL" id="Tag5275" decimals="-3" scale="3" format="ixt:num-dot-decimal">47,788</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:ShorttermLegalProceedingsProvision" unitRef="BRL" id="Tag768" decimals="-3" scale="3" format="ixt:num-dot-decimal">45,828</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Contractual assets with customers - exclusivity rights </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>10</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:CurrentContractAssets" unitRef="BRL" id="Tag5327" decimals="-3" scale="3" format="ixt:num-dot-decimal">658,571</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:CurrentContractAssets" unitRef="BRL" id="Tag5310" decimals="-3" scale="3" format="ixt:num-dot-decimal">787,206</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leases payable </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>12</span>.b </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:CurrentLeaseLiabilities" unitRef="BRL" id="Tag5363" decimals="-3" scale="3" format="ixt:num-dot-decimal">316,460</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:CurrentLeaseLiabilities" unitRef="BRL" id="Tag5443" decimals="-3" scale="3" format="ixt:num-dot-decimal">311,426</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total current assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:CurrentAssets" unitRef="BRL" id="Tag5333" decimals="-3" scale="3" format="ixt:num-dot-decimal">16,047,721</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:CurrentAssets" unitRef="BRL" id="Tag5245" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,648,895</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financial liabilities of customers </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:CurrentFinancialLiabilitiesOfCustomers" unitRef="BRL" id="Tag5254" decimals="-3" scale="3" format="ixt:num-dot-decimal">117,090</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:CurrentFinancialLiabilitiesOfCustomers" unitRef="BRL" id="Tag5278" decimals="-3" scale="3" format="ixt:num-dot-decimal">157,615</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other payables </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:OtherCurrentPayables" unitRef="BRL" id="Tag5348" decimals="-3" scale="3" format="ixt:num-dot-decimal">554,327</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:OtherCurrentPayables" unitRef="BRL" id="Tag5261" decimals="-3" scale="3" format="ixt:num-dot-decimal">683,970</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total current liabilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:CurrentLiabilities" unitRef="BRL" id="Tag5369" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,493,201</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:CurrentLiabilities" unitRef="BRL" id="Tag5277" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,229,658</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Non-current assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; width: 23.9837%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financial investments, derivative financial instruments and other financial assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>4</span>.b </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:OtherNoncurrentFinancialAssets" unitRef="BRL" id="Tag5325" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,407,080</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:OtherNoncurrentFinancialAssets" unitRef="BRL" id="Tag5305" decimals="-3" scale="3" format="ixt:num-dot-decimal">951,941</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; width: 1.01626%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; width: 1.01626%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; width: 25%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Non-current liabilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; width: 1.44092%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade receivables </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>5</span>.a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:NoncurrentTradeReceivables" unitRef="BRL" id="Tag5238" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,003</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:NoncurrentTradeReceivables" unitRef="BRL" id="Tag5293" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,216</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Loans, financing and derivative financial instruments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>15</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:LoansFinancingAndHedgingInstrumentsNonCurrent" unitRef="BRL" id="Tag5343" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,393,232</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:LoansFinancingAndHedgingInstrumentsNonCurrent" unitRef="BRL" id="Tag5239" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,585,372</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Reseller financing </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>5</span>.a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:NonCurrentResellerFinancing" unitRef="BRL" id="Tag5262" decimals="-3" scale="3" format="ixt:num-dot-decimal">766,045</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:NonCurrentResellerFinancing" unitRef="BRL" id="Tag5344" decimals="-3" scale="3" format="ixt:num-dot-decimal">550,641</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>15</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued" unitRef="BRL" id="Tag5271" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,356,118</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued" unitRef="BRL" id="Tag5276" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,189,391</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Related parties </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>8</span>.a; <span>8</span>.b </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:TradeAndOtherReceivablesDueFromRelatedParties" unitRef="BRL" id="Tag5338" decimals="-3" scale="3" format="ixt:num-dot-decimal">48,309</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:TradeAndOtherReceivablesDueFromRelatedParties" unitRef="BRL" id="Tag5372" decimals="-3" scale="3" format="ixt:num-dot-decimal">31,892</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Energy trading futures contracts </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times;font-size: 10pt;font-weight: bold;"> <span>25</span>.h </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:NoncurrentEnergyTradingFuturesContractsLiabilities" unitRef="BRL" id="Tag5347" decimals="-3" scale="3" format="ixt:num-dot-decimal">48,047</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:NoncurrentEnergyTradingFuturesContractsLiabilities" unitRef="BRL" id="Tag5248" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Deferred income and social contribution taxes </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>9</span>.a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:DeferredTaxAssets" unitRef="BRL" id="Tag5334" decimals="-3" scale="3" format="ixt:num-dot-decimal">936,941</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:DeferredTaxAssets" unitRef="BRL" id="Tag5291" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,255,134</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Related parties </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>8</span>.a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:NoncurrentPayablesToRelatedParties" unitRef="BRL" id="Tag5332" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,516</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:NoncurrentPayablesToRelatedParties" unitRef="BRL" id="Tag5306" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,118</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Recoverable taxes </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>7</span>.a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:NoncurrentReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag5269" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,650,269</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:NoncurrentReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag5301" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,741,370</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Deferred income and social contribution taxes </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>9</span>.a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:DeferredTaxLiabilities" unitRef="BRL" id="Tag5371" decimals="-3" scale="3" format="ixt:num-dot-decimal">132,825</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:DeferredTaxLiabilities" unitRef="BRL" id="Tag769" decimals="-3" scale="3" format="ixt:num-dot-decimal">206</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Recoverable income and social contribution taxes </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>7</span>.b </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:CurrentTaxAssetsNoncurrent" unitRef="BRL" id="Tag5376" decimals="-3" scale="3" format="ixt:num-dot-decimal">346,137</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:CurrentTaxAssetsNoncurrent" unitRef="BRL" id="Tag5289" decimals="-3" scale="3" format="ixt:num-dot-decimal">225,354</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Post-employment benefits </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>17</span>.b </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:NoncurrentProvisionsForEmployeeBenefits" unitRef="BRL" id="Tag5362" decimals="-3" scale="3" format="ixt:num-dot-decimal">198,778</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:NoncurrentProvisionsForEmployeeBenefits" unitRef="BRL" id="Tag5258" decimals="-3" scale="3" format="ixt:num-dot-decimal">241,211</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Energy trading futures contracts </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times;font-size: 10pt;font-weight: bold;"> <span>25</span>.h </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:NoncurrentEnergyTradingFuturesContractsAssets" unitRef="BRL" id="Tag5352" decimals="-3" scale="3" format="ixt:num-dot-decimal">263,438</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:NoncurrentEnergyTradingFuturesContractsAssets" unitRef="BRL" id="Tag5345" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provisions for tax, civil and labor risks </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>18</span>.a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:LongtermLegalProceedingsProvision" unitRef="BRL" id="Tag5243" decimals="-3" scale="3" format="ixt:num-dot-decimal">610,572</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:LongtermLegalProceedingsProvision" unitRef="BRL" id="Tag5272" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,258,302</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Escrow deposits </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>18</span>.a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:LongtermDeposits" unitRef="BRL" id="Tag5309" decimals="-3" scale="3" format="ixt:num-dot-decimal">446,076</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:LongtermDeposits" unitRef="BRL" id="Tag5304" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,032,717</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leases payable </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>12</span>.b </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:NoncurrentLeaseLiabilities" unitRef="BRL" id="Tag5313" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,168,692</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:NoncurrentLeaseLiabilities" unitRef="BRL" id="Tag5268" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,212,508</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Indemnification asset - business combination </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>18</span>.c </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:IndemnificationAssetBusinessCombination" unitRef="BRL" id="Tag5329" decimals="-3" scale="3" format="ixt:num-dot-decimal">126,098</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:IndemnificationAssetBusinessCombination" unitRef="BRL" id="Tag5317" decimals="-3" scale="3" format="ixt:num-dot-decimal">124,927</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financial liabilities of customers </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:NonCurrentFinancialLiabilitiesOfCustomers" unitRef="BRL" id="Tag5242" decimals="-3" scale="3" format="ixt:num-dot-decimal">63,135</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:NonCurrentFinancialLiabilitiesOfCustomers" unitRef="BRL" id="Tag5270" decimals="-3" scale="3" format="ixt:num-dot-decimal">151,319</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other receivables and other assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:OtherNoncurrentReceivablesAndAssets" unitRef="BRL" id="Tag5351" decimals="-3" scale="3" format="ixt:num-dot-decimal">114,469</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:OtherNoncurrentReceivablesAndAssets" unitRef="BRL" id="Tag5367" decimals="-3" scale="3" format="ixt:num-dot-decimal">155,818</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Subscription warrants - indemnification </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>19</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:NonCurrentIndemnificationForSubscriptionWarrants" unitRef="BRL" id="Tag5350" decimals="-3" scale="3" format="ixt:num-dot-decimal">47,745</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:NonCurrentIndemnificationForSubscriptionWarrants" unitRef="BRL" id="Tag5240" decimals="-3" scale="3" format="ixt:num-dot-decimal">87,299</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; width: 23.9837%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Prepaid expenses </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:NoncurrentPrepayments" unitRef="BRL" id="Tag5442" decimals="-3" scale="3" format="ixt:num-dot-decimal">40,904</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:NoncurrentPrepayments" unitRef="BRL" id="Tag5297" decimals="-3" scale="3" format="ixt:num-dot-decimal">73,387</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; width: 25%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for unsecured liabilities of subsidiaries, joint ventures and associates </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>11</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:NonCurrentProvisionForUnsecuredLiabilitiesOfSubsidiariesJointVenturesAndAssociates" unitRef="BRL" id="Tag5374" decimals="-3" scale="3" format="ixt:num-dot-decimal">349</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:NonCurrentProvisionForUnsecuredLiabilitiesOfSubsidiariesJointVenturesAndAssociates" unitRef="BRL" id="Tag5267" decimals="-3" scale="3" format="ixt:num-dot-decimal">256</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; width: 1.44092%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Contractual assets with customers - exclusivity rights </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>10</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:NoncurrentContractAssets" unitRef="BRL" id="Tag5328" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,473,331</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:NoncurrentContractAssets" unitRef="BRL" id="Tag5286" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,475,302</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px 4px; height: 17px; width: 25%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other payables </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:OtherNoncurrentPayables" unitRef="BRL" id="Tag5339" decimals="-3" scale="3" format="ixt:num-dot-decimal">218,420</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:OtherNoncurrentPayables" unitRef="BRL" id="Tag5298" decimals="-3" scale="3" format="ixt:num-dot-decimal">263,508</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 13pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total non-current liabilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:NoncurrentLiabilities" unitRef="BRL" id="Tag5368" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,241,429</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:NoncurrentLiabilities" unitRef="BRL" id="Tag5315" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,992,490</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Equity </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 23.9837%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Investments in subsidiaries, joint ventures and associates </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>11</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag5324" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,148,633</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag5375" decimals="-3" scale="3" format="ixt:num-dot-decimal">318,356</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 25%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Share capital </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>20</span>.a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:IssuedCapital" unitRef="BRL" id="Tag5292" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,621,752</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:IssuedCapital" unitRef="BRL" id="Tag5244" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,621,752</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 1.44092%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Right-of-use assets, net </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>12</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag5251" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,671,324</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag5331" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,711,526</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Equity instrument granted </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>20</span>.b </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:EquityInstrumentsGranted" unitRef="BRL" id="Tag5265" decimals="-3" scale="3" format="ixt:num-dot-decimal">108,253</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:EquityInstrumentsGranted" unitRef="BRL" id="Tag5257" decimals="-3" scale="3" format="ixt:num-dot-decimal">75,925</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Property, plant and equipment, net </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>13</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5316" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,135,966</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5296" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,387,581</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Capital reserve </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>20</span>.d </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:CapitalReserve" unitRef="BRL" id="Tag5358" decimals="-3" scale="3" format="ixt:num-dot-decimal">612,048</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:CapitalReserve" unitRef="BRL" id="Tag5249" decimals="-3" scale="3" format="ixt:num-dot-decimal">597,828</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Intangible assets, net </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>14</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag5282" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,908,330</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag5295" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,553,917</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Treasury shares </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>20</span>.c </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231" name="ifrs-full:TreasuryShares" unitRef="BRL" id="Tag770" decimals="-3" scale="3" format="ixt:num-dot-decimal">596,400</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231" name="ifrs-full:TreasuryShares" unitRef="BRL" id="Tag5260" decimals="-3" scale="3" format="ixt:num-dot-decimal">470,510</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; width: 1.44092%; vertical-align: bottom; text-align: left;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Revaluation reserve of subsidiaries </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>20</span>.e </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:OtherReserves" unitRef="BRL" id="Tag5355" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,632</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:OtherReserves" unitRef="BRL" id="Tag5253" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,802</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total non-current assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:NoncurrentAssets" unitRef="BRL" id="Tag5321" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,510,353</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:NoncurrentAssets" unitRef="BRL" id="Tag5280" decimals="-3" scale="3" format="ixt:num-dot-decimal">19,603,079</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Profit reserves </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>20</span>.f </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231" name="ugp:ProfitReserves" unitRef="BRL" id="Tag5307" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,987,100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:ProfitReserves" unitRef="BRL" id="Tag5246" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,389,559</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated other comprehensive income </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>20</span>.g </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:AccumulatedOtherComprehensiveIncome" unitRef="BRL" id="Tag5354" decimals="-3" scale="3" format="ixt:num-dot-decimal">214,212</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:AccumulatedOtherComprehensiveIncome" unitRef="BRL" id="Tag5322" decimals="-3" scale="3" format="ixt:num-dot-decimal">154,108</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additional dividends to the minimum mandatory dividends </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>20</span>.h </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:AdditionalDividendsMinimumMandatoryDividends" unitRef="BRL" id="Tag5370" decimals="-3" scale="3" format="ixt:num-dot-decimal">208,121</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:AdditionalDividendsMinimumMandatoryDividends" unitRef="BRL" id="Tag5373" decimals="-3" scale="3" format="ixt:num-dot-decimal">134,031</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Equity attributable to: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Shareholders of Ultrapar </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:EquityAttributableToOwnersOfParent" unitRef="BRL" id="Tag5342" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,158,718</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:EquityAttributableToOwnersOfParent" unitRef="BRL" id="Tag5294" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,506,495</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-controlling interests in subsidiaries </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>11</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:NoncontrollingInterests" unitRef="BRL" id="Tag5300" decimals="-3" scale="3" format="ixt:num-dot-decimal">664,726</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:NoncontrollingInterests" unitRef="BRL" id="Tag5357" decimals="-3" scale="3" format="ixt:num-dot-decimal">523,331</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total equity </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:Equity" unitRef="BRL" id="Tag5361" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,823,444</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:Equity" unitRef="BRL" id="Tag5290" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,029,826</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 23.9837%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:Assets" unitRef="BRL" id="Tag5259" decimals="-3" scale="3" format="ixt:num-dot-decimal">39,558,074</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:Assets" unitRef="BRL" id="Tag5273" decimals="-3" scale="3" format="ixt:num-dot-decimal">38,251,974</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 25%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total liabilities and equity </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 6.02981%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:EquityAndLiabilities" unitRef="BRL" id="Tag5335" decimals="-3" scale="3" format="ixt:num-dot-decimal">39,558,074</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1.01626%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 7.99458%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:EquityAndLiabilities" unitRef="BRL" id="Tag5241" decimals="-3" scale="3" format="ixt:num-dot-decimal">38,251,974</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.44092%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><span style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&#160;</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The accompanying notes are an integral part of the financial statements.</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><br/></p>
<div>
<div id="t_ft_3F8IUIKKWW00000000000000000000b">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-8</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div><div id="D57eiu0cgugh1jtzzjltvvj" style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 74px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BCI3_142202521344911" class="customBookmark"><b style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff;">Consolidated statements of income</b></a></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; height: 17px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BIn_213202521234441" class="customBookmark"><b style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; background-color: #ffffff;">For the years ended December 31, 2024, 2023 and 2022</b></a></td>
<td style="padding: 0px; margin: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><i style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">(In thousands of Brazilian Reais, except earnings per thousand shares)</i></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><br/></td> </tr> </tbody> </table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><br/></p>
<div id="t_ft_ZZY3X2EPAO00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 632px; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Note </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> <span>2024</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> <span>2023</span> </span></p> </td>
<td style="padding: 0px; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: top; height: 17px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> <span>2022</span> </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 56%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Net revenue from sales and services </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 10%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:Revenue" unitRef="BRL" id="Tag5209" decimals="-3" scale="3" format="ixt:num-dot-decimal">133,498,913</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 10%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:Revenue" unitRef="BRL" id="Tag5182" decimals="-3" scale="3" format="ixt:num-dot-decimal">126,048,701</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 10%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:Revenue" unitRef="BRL" id="Tag5225" decimals="-3" scale="3" format="ixt:num-dot-decimal">143,634,708</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Cost of products and services sold </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>21</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag5908" decimals="-3" scale="3" format="ixt:num-dot-decimal">123,811,893</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag5168" decimals="-3" scale="3" format="ixt:num-dot-decimal">116,730,469</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag5436" decimals="-3" scale="3" format="ixt:num-dot-decimal">136,276,257</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Gross profit </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag5180" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,687,020</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag5214" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,318,232</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag5435" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,358,451</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Operating income (expenses) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Selling and marketing </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>21</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:SalesAndMarketingExpense" unitRef="BRL" id="Tag5196" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,499,547</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:SalesAndMarketingExpense" unitRef="BRL" id="Tag5235" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,253,226</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:SalesAndMarketingExpense" unitRef="BRL" id="Tag5197" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,141,985</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> General and administrative </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>21</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag5206" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,872,092</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag5234" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,018,159</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag5198" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,534,481</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Results from disposal of property, plant and equipment and intangible assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:GainsLossesOnDisposalsOfNoncurrentAssets" unitRef="BRL" id="Tag5164" decimals="-3" scale="3" format="ixt:num-dot-decimal">171,837</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:GainsLossesOnDisposalsOfNoncurrentAssets" unitRef="BRL" id="Tag5192" decimals="-3" scale="3" format="ixt:num-dot-decimal">121,935</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:GainsLossesOnDisposalsOfNoncurrentAssets" unitRef="BRL" id="Tag5230" decimals="-3" scale="3" format="ixt:num-dot-decimal">169,289</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other operating income (expenses), net </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>21</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag5208" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">414,092</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag5212" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">602,865</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag5199" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">514,522</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Operating income before share of profit (loss) of subsidiaries, joint ventures and associates, financial result and income and social contribution taxes </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag5224" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,073,126</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag5157" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,565,917</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag5195" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,336,752</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Share of profit (loss) of subsidiaries, joint ventures and associates </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>11</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeAdjustments" unitRef="BRL" id="Tag5163" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">127,182</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeAdjustments" unitRef="BRL" id="Tag5162" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,908</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeAdjustments" unitRef="BRL" id="Tag587" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,181</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Amortization of fair value adjustments on associates acquisition </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>11</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag5431" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,493</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag5183" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231" name="ugp:AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag5165" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total share of profit (loss) of subsidiaries, joint ventures and associates </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag5159" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">129,675</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag5231" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,908</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag5160" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,181</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Income before financial result and income and social contribution taxes </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag548" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,943,451</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag5166" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,577,825</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag5432" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,348,933</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Financial income </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>22</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:FinanceIncome" unitRef="BRL" id="Tag5211" decimals="-3" scale="3" format="ixt:num-dot-decimal">881,074</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:FinanceIncome" unitRef="BRL" id="Tag5205" decimals="-3" scale="3" format="ixt:num-dot-decimal">880,884</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:FinanceIncome" unitRef="BRL" id="Tag3052" decimals="-3" scale="3" format="ixt:num-dot-decimal">706,689</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Financial expenses </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>22</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:FinanceCosts" unitRef="BRL" id="Tag5220" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,813,008</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:FinanceCosts" unitRef="BRL" id="Tag5219" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,880,014</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:FinanceCosts" unitRef="BRL" id="Tag5218" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,175,897</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 4px 0px 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-indent: 0.4pt; font-family: 'times new roman', times;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt 0pt 0pt 13pt; text-indent: 0.4pt;"> Financial result, net </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>22</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:FinanceIncomeCost" unitRef="BRL" id="Tag5907" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">931,934</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:FinanceIncomeCost" unitRef="BRL" id="Tag5184" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">999,130</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:FinanceIncomeCost" unitRef="BRL" id="Tag5186" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,469,208</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Income before income and social contribution taxes </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:ProfitLossBeforeTax" unitRef="BRL" id="Tag3041" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,011,517</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ProfitLossBeforeTax" unitRef="BRL" id="Tag5216" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,578,695</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ProfitLossBeforeTax" unitRef="BRL" id="Tag5909" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,879,725</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Income and social contribution taxes </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Current </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>9</span>.b; <span>9</span>.c </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:CurrentTaxExpenseIncome" unitRef="BRL" id="Tag3162" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,124,664</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:CurrentTaxExpenseIncome" unitRef="BRL" id="Tag5213" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,396,317</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:CurrentTaxExpenseIncome" unitRef="BRL" id="Tag3217" decimals="-3" scale="3" format="ixt:num-dot-decimal">637,973</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Deferred </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>9</span>.b </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:DeferredTaxExpenseIncome" unitRef="BRL" id="Tag5228" decimals="-3" scale="3" format="ixt:num-dot-decimal">360,953</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:DeferredTaxExpenseIncome" unitRef="BRL" id="Tag5233" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">335,375</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:DeferredTaxExpenseIncome" unitRef="BRL" id="Tag5229" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">296,459</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:IncomeTaxExpenseContinuingOperations" unitRef="BRL" id="Tag3864" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,485,617</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:IncomeTaxExpenseContinuingOperations" unitRef="BRL" id="Tag5169" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,060,942</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:IncomeTaxExpenseContinuingOperations" unitRef="BRL" id="Tag5174" decimals="-3" scale="3" format="ixt:num-dot-decimal">341,514</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Net income from continuing operations </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:ProfitLossFromContinuingOperations" unitRef="BRL" id="Tag5223" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,525,900</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ProfitLossFromContinuingOperations" unitRef="BRL" id="Tag5193" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,517,753</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ProfitLossFromContinuingOperations" unitRef="BRL" id="Tag5190" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,538,211</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Discontinued operations </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20241231" name="ifrs-full:ProfitLossFromDiscontinuedOperations" unitRef="BRL" id="Tag5232" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ProfitLossFromDiscontinuedOperations" unitRef="BRL" id="Tag5236" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ProfitLossFromDiscontinuedOperations" unitRef="BRL" id="Tag5161" decimals="-3" scale="3" format="ixt:num-dot-decimal">301,858</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Net income for the year </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag5222" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,525,900</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag5194" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,517,753</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag5204" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,840,069</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Income attributable to: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Shareholders of Ultrapar </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" unitRef="BRL" id="Tag5203" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,362,740</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" unitRef="BRL" id="Tag5167" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,439,795</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" unitRef="BRL" id="Tag5181" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,800,839</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Non-controlling interests in subsidiaries </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>11</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" unitRef="BRL" id="Tag5202" decimals="-3" scale="3" format="ixt:num-dot-decimal">163,160</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" unitRef="BRL" id="Tag5207" decimals="-3" scale="3" format="ixt:num-dot-decimal">77,958</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" unitRef="BRL" id="Tag5200" decimals="-3" scale="3" format="ixt:num-dot-decimal">39,230</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Earnings per share from continuing operations (based on the weighted average number of shares outstanding) &#8211; R$ </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0.4pt; font-family: 'times new roman', times;"><span style="font-family: 'times new roman', times; font-size: 10pt; page-break-after: avoid; page-break-inside: avoid;"> Basic </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:BasicEarningsLossPerShareFromContinuingOperations" unitRef="BRLPerShare" id="Tag5221" decimals="4" format="ixt:num-dot-decimal">2.1438</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:BasicEarningsLossPerShareFromContinuingOperations" unitRef="BRLPerShare" id="Tag5217" decimals="4" format="ixt:num-dot-decimal">2.2272</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:BasicEarningsLossPerShareFromContinuingOperations" unitRef="BRLPerShare" id="Tag547" decimals="4" format="ixt:num-dot-decimal">1.3727</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0.4pt; font-family: 'times new roman', times;"><span style="font-family: 'times new roman', times; font-size: 10pt; page-break-after: avoid; page-break-inside: avoid;"> Diluted </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:DilutedEarningsLossPerShareFromContinuingOperations" unitRef="BRLPerShare" id="Tag5171" decimals="4" format="ixt:num-dot-decimal">2.1141</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:DilutedEarningsLossPerShareFromContinuingOperations" unitRef="BRLPerShare" id="Tag5176" decimals="4" format="ixt:num-dot-decimal">2.2081</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:DilutedEarningsLossPerShareFromContinuingOperations" unitRef="BRLPerShare" id="Tag5185" decimals="4" format="ixt:num-dot-decimal">1.3643</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Earnings per share from discontinued operations (based on the weighted average number of shares outstanding) &#8211; R$ </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0.4pt; font-family: 'times new roman', times;"><span style="font-family: 'times new roman', times; font-size: 10pt; page-break-after: avoid; page-break-inside: avoid;"> Basic </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20241231" name="ifrs-full:BasicEarningsLossPerShareFromDiscontinuedOperations" unitRef="BRLPerShare" id="Tag5210" decimals="0" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20231231_35" name="ifrs-full:BasicEarningsLossPerShareFromDiscontinuedOperations" unitRef="BRLPerShare" id="Tag5434" decimals="0" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:BasicEarningsLossPerShareFromDiscontinuedOperations" unitRef="BRLPerShare" id="Tag5433" decimals="4" format="ixt:num-dot-decimal">0.2764</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0.4pt; font-family: 'times new roman', times;"><span style="font-family: 'times new roman', times; font-size: 10pt; page-break-after: avoid; page-break-inside: avoid;"> Diluted </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20241231" name="ifrs-full:DilutedEarningsLossPerShareFromDiscontinuedOperations" unitRef="BRLPerShare" id="Tag5227" decimals="0" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20231231_35" name="ifrs-full:DilutedEarningsLossPerShareFromDiscontinuedOperations" unitRef="BRLPerShare" id="Tag5191" decimals="0" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:DilutedEarningsLossPerShareFromDiscontinuedOperations" unitRef="BRLPerShare" id="Tag5172" decimals="4" format="ixt:num-dot-decimal">0.2747</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total earnings per share (based on the weighted average number of shares outstanding) &#8211; R$ </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Basic </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>23</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:BasicEarningsLossPerShare" unitRef="BRLPerShare" id="Tag5226" decimals="4" format="ixt:num-dot-decimal">2.1438</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:BasicEarningsLossPerShare" unitRef="BRLPerShare" id="Tag5215" decimals="4" format="ixt:num-dot-decimal">2.2272</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:BasicEarningsLossPerShare" unitRef="BRLPerShare" id="Tag5187" decimals="4" format="ixt:num-dot-decimal">1.6491</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Diluted </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>23</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:DilutedEarningsLossPerShare" unitRef="BRLPerShare" id="Tag3028" decimals="4" format="ixt:num-dot-decimal">2.1141</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:DilutedEarningsLossPerShare" unitRef="BRLPerShare" id="Tag5158" decimals="4" format="ixt:num-dot-decimal">2.2081</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:DilutedEarningsLossPerShare" unitRef="BRLPerShare" id="Tag5170" decimals="4" format="ixt:num-dot-decimal">1.6391</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: Aptos; font-size: 9pt;">&#160;</span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The accompanying notes are an integral part of the financial statements.</span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><br/></span></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-9</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div> </div><div id="Dw37018esnkm00siugwycd" style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BSD_12_142202518943154" class="customBookmark"><span style="font-family: 'times new roman', times;"> <b style="mso-bidi-font-weight: normal;"><span style="font-size: 10pt;"><span style="mso-bookmark: _Toc121495791;">Consolidated
statements of comprehensive income</span></span></b> </span></a></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr>
<td style="padding: 0px; margin: 0px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" id="BCoi_213202521256769" class="customBookmark"><b style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; background-color: #ffffff;">As of December 31, 2024 and 2023</b></a></td>
<td style="padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><i style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">In thousands of Brazilian<span>&#160;</span>Reais)</i></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><br/></td> </tr> </tbody> </table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><br/></p>
<div id="t_ft_KQA6MJ0HKW00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="height: 197px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt;"> &#160; </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Note </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> <span>2024</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> <span>2023</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> <span>2022</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 57%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Net income for the year, attributable to shareholders of Ultrapar </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" unitRef="BRL" id="Tag5154" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,362,740</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; width: 1%; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" unitRef="BRL" id="Tag5145" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,439,795</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; width: 1%; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 17px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" unitRef="BRL" id="Tag5129" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,800,839</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; width: 1%; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Net income for the year, attributable to non-controlling interests in subsidiaries </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" unitRef="BRL" id="Tag5153" decimals="-3" scale="3" format="ixt:num-dot-decimal">163,160</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" unitRef="BRL" id="Tag5144" decimals="-3" scale="3" format="ixt:num-dot-decimal">77,958</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" unitRef="BRL" id="Tag5128" decimals="-3" scale="3" format="ixt:num-dot-decimal">39,230</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Net income for the year </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag5152" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,525,900</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag5143" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,517,753</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag5141" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,840,069</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Items that will be subsequently reclassified to profit or loss: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Fair value adjustments of financial instruments of subsidiaries, joint ventures and associates, net of income and social contribution taxes </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <span>20</span>.g </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag5151" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,495</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag5142" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7,399</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag5140" decimals="-3" scale="3" format="ixt:num-dot-decimal">602,480</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation adjustments of associates, net of income and social contribution taxes </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <span>20</span>.g </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations" unitRef="BRL" id="Tag5150" decimals="-3" scale="3" format="ixt:num-dot-decimal">36,134</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20231231_35" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations" unitRef="BRL" id="Tag5134" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations" unitRef="BRL" id="Tag5139" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">304,645</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Items that will not be subsequently reclassified to profit or loss: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Actuarial gains (losses) of post-employment benefits, net of income and social contribution taxes </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <span>20</span>.g </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="BRL" id="Tag5149" decimals="-3" scale="3" format="ixt:num-dot-decimal">25,218</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="BRL" id="Tag5133" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">32,971</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="BRL" id="Tag5138" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">165</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total comprehensive income for the year </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:ComprehensiveIncome" unitRef="BRL" id="Tag5148" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,595,747</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ComprehensiveIncome" unitRef="BRL" id="Tag5132" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,477,383</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ComprehensiveIncome" unitRef="BRL" id="Tag5137" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,137,739</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total comprehensive income for the year attributable to shareholders of Ultrapar </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent" unitRef="BRL" id="Tag5147" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,422,844</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent" unitRef="BRL" id="Tag5131" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,413,929</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent" unitRef="BRL" id="Tag5136" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,098,306</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total comprehensive income for the year attributable to non-controlling interests in subsidiaries </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests" unitRef="BRL" id="Tag5146" decimals="-3" scale="3" format="ixt:num-dot-decimal">172,903</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests" unitRef="BRL" id="Tag5130" decimals="-3" scale="3" format="ixt:num-dot-decimal">63,454</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests" unitRef="BRL" id="Tag5135" decimals="-3" scale="3" format="ixt:num-dot-decimal">39,433</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt 0pt 0pt 14.2pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><br/></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The accompanying notes are an integral part of the financial statements.</span></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><br/></span></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-10</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div> </div><div id="D05tulo5emey6nnde8twtg3" style="font-family: 'times new roman', times; font-size: 10pt;">
<div id="t_ft_GM6M6LOEY800000000000000000000b">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 74px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" class="customBookmark"><b style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff;"></b></a><b style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BCHS1_142202521021665" class="customBookmark">Consolidated statements of changes in equity</a></b></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; height: 17px;"><b style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; background-color: #ffffff;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BShe_2132025212714930" class="customBookmark">For the years ended December 31, 2024, <span>2023</span></a> and <span>2022</span></b></td>
<td style="padding: 0px; margin: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><i style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">(In thousands of Brazilian Reais, except dividends per share)</i></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><br/></p>
<div id="t_ft_9I65FGRPV400000000000000000000b">
<table cellspacing="0" cellpadding="0" style="height: 210px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td colspan="4" style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> Profit reserves </span></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td colspan="4" style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> Equity attributable to: </span></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> Note </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> Share capital </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> Equity instrument granted </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> Capital reserve </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> Treasury shares </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> Revaluation reserve of subsidiaries </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> Legal reserve </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; font-size: 7pt; vertical-align: bottom; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; font-size: 7pt; vertical-align: bottom; border-top-color: #000000 !important;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> Investments statutory reserve </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit; font-weight: bold;"> Accumulated other comprehensive income (ii) </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> Retained earnings </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> Additional dividends to the minimum mandatory dividends </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> Shareholders of the Company </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; font-size: 7pt; vertical-align: bottom; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; font-size: 7pt; vertical-align: bottom; border-top-color: #000000 !important;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> Non-controlling interests (i) </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit; font-weight: bold;">Total equity </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 31.5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> Balance as of December 31, 2021 </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20211231_IssuedCapitalMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4345" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,171,752</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20211231_EquityInstrumentGrantedMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4354" decimals="-3" scale="3" format="ixt:num-dot-decimal">34,043</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20211231_CapitalReserveMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4946" decimals="-3" scale="3" format="ixt:num-dot-decimal">596,481</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20211231_TreasurySharesMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4921" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">488,425</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20211231_RevaluationSurplusMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4929" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,154</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20211231_StatutoryReserveMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4925" decimals="-3" scale="3" format="ixt:num-dot-decimal">792,533</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20211231_InvestmentsStatutoryReserveMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4770" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,073,876</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20211231_AccumulatedOtherComprehensiveIncomeMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4742" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">117,493</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20211231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4819" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,066,921</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20211231_NoncontrollingInterestsMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4805" decimals="-3" scale="3" format="ixt:num-dot-decimal">402,319</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20211231" name="ifrs-full:Equity" unitRef="BRL" id="Tag4773" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,469,240</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Net income for the year </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231_RetainedEarningsMember" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag4761" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,800,839</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag1135" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,800,839</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231_NoncontrollingInterestsMember" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag4905" decimals="-3" scale="3" format="ixt:num-dot-decimal">39,230</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag4813" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,840,069</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Other comprehensive income </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231_AccumulatedOtherComprehensiveIncomeMember" name="ifrs-full:OtherComprehensiveIncome" unitRef="BRL" id="Tag4895" decimals="-3" scale="3" format="ixt:num-dot-decimal">297,467</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:OtherComprehensiveIncome" unitRef="BRL" id="Tag4882" decimals="-3" scale="3" format="ixt:num-dot-decimal">297,467</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231_NoncontrollingInterestsMember" name="ifrs-full:OtherComprehensiveIncome" unitRef="BRL" id="Tag4751" decimals="-3" scale="3" format="ixt:num-dot-decimal">203</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:OtherComprehensiveIncome" unitRef="BRL" id="Tag4870" decimals="-3" scale="3" format="ixt:num-dot-decimal">297,670</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Total comprehensive income for the year </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231_AccumulatedOtherComprehensiveIncomeMember" name="ifrs-full:ComprehensiveIncome" unitRef="BRL" id="Tag4916" decimals="-3" scale="3" format="ixt:num-dot-decimal">297,467</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231_RetainedEarningsMember" name="ifrs-full:ComprehensiveIncome" unitRef="BRL" id="Tag4948" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,800,839</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:ComprehensiveIncome" unitRef="BRL" id="Tag4947" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,098,306</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231_NoncontrollingInterestsMember" name="ifrs-full:ComprehensiveIncome" unitRef="BRL" id="Tag2354" decimals="-3" scale="3" format="ixt:num-dot-decimal">39,433</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ComprehensiveIncome" unitRef="BRL" id="Tag1141" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,137,739</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;"> Issuance of shares related to the subscription warrants indemnification </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231_CapitalReserveMember" name="ugp:IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity" unitRef="BRL" id="Tag4889" decimals="-3" scale="3" format="ixt:num-dot-decimal">941</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231_EquityAttributableToOwnersOfParentMember" name="ugp:IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity" unitRef="BRL" id="Tag4913" decimals="-3" scale="3" format="ixt:num-dot-decimal">941</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity" unitRef="BRL" id="Tag4917" decimals="-3" scale="3" format="ixt:num-dot-decimal">941</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Equity instrument granted </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> <span>8</span>.c; <span>20</span>.b </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231_EquityInstrumentGrantedMember" name="ugp:IncreaseDecreaseThroughEquityInstrumentGranted" unitRef="BRL" id="Tag4950" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,944</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231_CapitalReserveMember" name="ugp:IncreaseDecreaseThroughEquityInstrumentGranted" unitRef="BRL" id="Tag4763" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,039</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231_TreasurySharesMember" name="ugp:IncreaseDecreaseThroughEquityInstrumentGranted" unitRef="BRL" id="Tag4883" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,751</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231_EquityAttributableToOwnersOfParentMember" name="ugp:IncreaseDecreaseThroughEquityInstrumentGranted" unitRef="BRL" id="Tag4876" decimals="-3" scale="3" format="ixt:num-dot-decimal">20,734</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:IncreaseDecreaseThroughEquityInstrumentGranted" unitRef="BRL" id="Tag4867" decimals="-3" scale="3" format="ixt:num-dot-decimal">20,734</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Realization of revaluation reserve of subsidiaries </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20221231_RevaluationSurplusMember" name="ugp:IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity" unitRef="BRL" id="Tag4877" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">179</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231_RetainedEarningsMember" name="ugp:IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity" unitRef="BRL" id="Tag4848" decimals="-3" scale="3" format="ixt:num-dot-decimal">179</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Dividends prescribed </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231_RetainedEarningsMember" name="ugp:UnclaimedDividendsForfeited" unitRef="BRL" id="Tag4954" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,948</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231_EquityAttributableToOwnersOfParentMember" name="ugp:UnclaimedDividendsForfeited" unitRef="BRL" id="Tag2524" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,948</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:UnclaimedDividendsForfeited" unitRef="BRL" id="Tag4822" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,948</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Shareholder transaction - changes of ownership interest </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20221231_InvestmentsStatutoryReserveMember" name="ugp:IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments" unitRef="BRL" id="Tag2291" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 8pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231_RetainedEarningsMember" name="ugp:IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments" unitRef="BRL" id="Tag4927" decimals="-3" scale="3" format="ixt:num-dot-decimal">286</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231_EquityAttributableToOwnersOfParentMember" name="ugp:IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments" unitRef="BRL" id="Tag4936" decimals="-3" scale="3" format="ixt:num-dot-decimal">280</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20221231_NoncontrollingInterestsMember" name="ugp:IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments" unitRef="BRL" id="Tag4940" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,847</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20221231" name="ugp:IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments" unitRef="BRL" id="Tag4892" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,567</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Gain due to change in ownership interest </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20221231_NoncontrollingInterestsMember" name="ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" unitRef="BRL" id="Tag4935" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,423</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" unitRef="BRL" id="Tag4893" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,423</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Capital increase attributable to non-controlling interests </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231_NoncontrollingInterestsMember" name="ugp:IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests" unitRef="BRL" id="Tag4750" decimals="-3" scale="3" format="ixt:num-dot-decimal">35,182</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests" unitRef="BRL" id="Tag4775" decimals="-3" scale="3" format="ixt:num-dot-decimal">35,182</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Allocation of net income: </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Legal reserve </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231_StatutoryReserveMember" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity" unitRef="BRL" id="Tag4814" decimals="-3" scale="3" format="ixt:num-dot-decimal">90,042</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20221231_RetainedEarningsMember" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity" unitRef="BRL" id="Tag4902" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">90,042</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Investments statutory reserve </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231_InvestmentsStatutoryReserveMember" name="ugp:IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve" unitRef="BRL" id="Tag4871" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,154,691</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20221231_RetainedEarningsMember" name="ugp:IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve" unitRef="BRL" id="Tag4348" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,154,691</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Additional minimum mandatory dividend (R$ <ix:nonFraction contextRef="D20221231" name="ugp:AdditionalMinimumMandatoryDividendsRecognisedPerShare" unitRef="BRLPerShare" id="Tag4860" decimals="2" format="ixt:num-dot-decimal">0.03</ix:nonFraction> per share) </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20221231_RetainedEarningsMember" name="ugp:AdditionalMinimumMandatoryDividendsRecognised" unitRef="BRL" id="Tag4795" decimals="-3" scale="3" format="ixt:num-dot-decimal">31,385</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20221231_EquityAttributableToOwnersOfParentMember" name="ugp:AdditionalMinimumMandatoryDividendsRecognised" unitRef="BRL" id="Tag4815" decimals="-3" scale="3" format="ixt:num-dot-decimal">31,385</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20221231" name="ugp:AdditionalMinimumMandatoryDividendsRecognised" unitRef="BRL" id="Tag4800" decimals="-3" scale="3" format="ixt:num-dot-decimal">31,385</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Additional dividends (R$ <ix:nonFraction contextRef="D20221231" name="ugp:AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare" unitRef="BRLPerShare" id="Tag4747" decimals="2" format="ixt:num-dot-decimal">0.07</ix:nonFraction> per share) </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20221231_RetainedEarningsMember" name="ugp:AdditionalDividendsToMinimumMandatoryDividendsRecognised" unitRef="BRL" id="Tag4765" decimals="-3" scale="3" format="ixt:num-dot-decimal">78,130</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20221231_AdditionalDividendsMember" name="ugp:AdditionalDividendsToMinimumMandatoryDividendsRecognised" unitRef="BRL" id="Tag19" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">78,130</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Interest on capital (R$ <ix:nonFraction contextRef="D20221231" name="ugp:InterestOnCapitalPaidPerShare" unitRef="BRLPerShare" id="Tag4352" decimals="2" format="ixt:num-dot-decimal">0.41</ix:nonFraction> per share) </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20221231_RetainedEarningsMember" name="ugp:InterestOnCapitalPaid" unitRef="BRL" id="Tag4824" decimals="-3" scale="3" format="ixt:num-dot-decimal">450,004</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20221231_EquityAttributableToOwnersOfParentMember" name="ugp:InterestOnCapitalPaid" unitRef="BRL" id="Tag4937" decimals="-3" scale="3" format="ixt:num-dot-decimal">450,004</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20221231" name="ugp:InterestOnCapitalPaid" unitRef="BRL" id="Tag4798" decimals="-3" scale="3" format="ixt:num-dot-decimal">450,004</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Dividends attributable to non-controlling interests </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20221231_NoncontrollingInterestsMember" name="ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests" unitRef="BRL" id="Tag4924" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,437</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests" unitRef="BRL" id="Tag4920" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,437</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> Balance as of December 31, 2022 </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20221231_IssuedCapitalMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4788" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,171,752</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20221231_EquityInstrumentGrantedMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4885" decimals="-3" scale="3" format="ixt:num-dot-decimal">43,987</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20221231_CapitalReserveMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4821" decimals="-3" scale="3" format="ixt:num-dot-decimal">599,461</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20221231_TreasurySharesMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4832" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">479,674</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20221231_RevaluationSurplusMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4346" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,975</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20221231_StatutoryReserveMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4968" decimals="-3" scale="3" format="ixt:num-dot-decimal">882,575</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20221231_InvestmentsStatutoryReserveMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4919" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,228,561</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20221231_AccumulatedOtherComprehensiveIncomeMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4818" decimals="-3" scale="3" format="ixt:num-dot-decimal">179,974</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20221231_AdditionalDividendsMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag21" decimals="-3" scale="3" format="ixt:num-dot-decimal">78,130</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20221231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4944" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,708,741</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20221231_NoncontrollingInterestsMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4833" decimals="-3" scale="3" format="ixt:num-dot-decimal">466,227</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20221231" name="ifrs-full:Equity" unitRef="BRL" id="Tag4757" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,174,968</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><br/></p>
<div>
<div id="t_ft_6KMRCFTEPS00000000000000000000b">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-11</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<div id="t_ft_HZWB2SC9PC00000000000000000000b">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 74px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" class="customBookmark"><b style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff;"></b></a><b style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff;">Consolidated statements of changes in equity</b></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; height: 17px;"><b style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'times new roman', times; font-size: 13.3333px; background-color: #ffffff;">For the years ended December 31, 2024, <span>2023</span> and <span>2022</span></b></td>
<td style="padding: 0px; margin: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><i style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">(In thousands of Brazilian Reais, except dividends per share)</i></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin:0pt"><br/></p>
<div style="border-left: none; border-right: none;">
<div id="t_ft_N9HYBTOJF400000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 269px; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td colspan="4" style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> Profit reserves </span></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td colspan="4" style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> Equity attributable to: </span></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr>
<tr style="height: 39px;">
<td style="padding: 0px; height: 39px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> Note </span></p> </td>
<td style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> Share capital </span></p> </td>
<td style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> Equity instrument granted </span></p> </td>
<td style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> Capital reserve </span></p> </td>
<td style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> Treasury shares </span></p> </td>
<td style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> Revaluation reserve of subsidiaries </span></p> </td>
<td style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> Legal reserve </span></p> </td>
<td style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> Investments statutory reserve </span></p> </td>
<td style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> Accumulated other comprehensive income </span></p> </td>
<td style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> Retained earnings </span></p> </td>
<td style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> Additional dividends to the minimum mandatory dividends </span></p> </td>
<td style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> Shareholders of Ultrapar </span></p> </td>
<td style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> Non-controlling interests (i) </span></p> </td>
<td style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 39px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> Total equity </span></p> </td>
<td style="padding: 0px; height: 39px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 31.5%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> Balance as of December 31, 2022 </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20221231_IssuedCapitalMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4850" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,171,752</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20221231_EquityInstrumentGrantedMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4840" decimals="-3" scale="3" format="ixt:num-dot-decimal">43,987</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20221231_CapitalReserveMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4809" decimals="-3" scale="3" format="ixt:num-dot-decimal">599,461</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20221231_TreasurySharesMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4837" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">479,674</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20221231_RevaluationSurplusMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag2316" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,975</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20221231_StatutoryReserveMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4756" decimals="-3" scale="3" format="ixt:num-dot-decimal">882,575</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20221231_InvestmentsStatutoryReserveMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4753" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,228,561</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20221231_AccumulatedOtherComprehensiveIncomeMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4783" decimals="-3" scale="3" format="ixt:num-dot-decimal">179,974</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20221231_AdditionalDividendsMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4353" decimals="-3" scale="3" format="ixt:num-dot-decimal">78,130</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20221231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4816" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,708,741</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20221231_NoncontrollingInterestsMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4802" decimals="-3" scale="3" format="ixt:num-dot-decimal">466,227</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 4%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20221231" name="ifrs-full:Equity" unitRef="BRL" id="Tag4787" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,174,968</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; width: 0.5%;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Net income for the year </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_RetainedEarningsMember" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag4908" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,439,795</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag4965" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,439,795</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_NoncontrollingInterestsMember" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag4907" decimals="-3" scale="3" format="ixt:num-dot-decimal">77,958</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag4939" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,517,753</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Other comprehensive income </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_AccumulatedOtherComprehensiveIncomeMember" name="ifrs-full:OtherComprehensiveIncome" unitRef="BRL" id="Tag4904" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">25,866</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:OtherComprehensiveIncome" unitRef="BRL" id="Tag4928" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">25,866</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_NoncontrollingInterestsMember" name="ifrs-full:OtherComprehensiveIncome" unitRef="BRL" id="Tag4906" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">14,504</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:OtherComprehensiveIncome" unitRef="BRL" id="Tag2357" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">40,370</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Total comprehensive income for the year </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_AccumulatedOtherComprehensiveIncomeMember" name="ifrs-full:ComprehensiveIncome" unitRef="BRL" id="Tag4350" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">25,866</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_RetainedEarningsMember" name="ifrs-full:ComprehensiveIncome" unitRef="BRL" id="Tag4797" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,439,795</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:ComprehensiveIncome" unitRef="BRL" id="Tag4873" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,413,929</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_NoncontrollingInterestsMember" name="ifrs-full:ComprehensiveIncome" unitRef="BRL" id="Tag4784" decimals="-3" scale="3" format="ixt:num-dot-decimal">63,454</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ComprehensiveIncome" unitRef="BRL" id="Tag4831" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,477,383</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Issuance of shares related to the subscription warrants - indemnification </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_CapitalReserveMember" name="ugp:IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity" unitRef="BRL" id="Tag4808" decimals="-3" scale="3" format="ixt:num-dot-decimal">560</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_EquityAttributableToOwnersOfParentMember" name="ugp:IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity" unitRef="BRL" id="Tag4966" decimals="-3" scale="3" format="ixt:num-dot-decimal">560</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity" unitRef="BRL" id="Tag4911" decimals="-3" scale="3" format="ixt:num-dot-decimal">560</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Equity instrument granted </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <span>8</span>.c; <span>20</span>.b </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_EquityInstrumentGrantedMember" name="ugp:IncreaseDecreaseThroughEquityInstrumentGranted" unitRef="BRL" id="Tag2564" decimals="-3" scale="3" format="ixt:num-dot-decimal">31,938</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_CapitalReserveMember" name="ugp:IncreaseDecreaseThroughEquityInstrumentGranted" unitRef="BRL" id="Tag4910" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,193</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_TreasurySharesMember" name="ugp:IncreaseDecreaseThroughEquityInstrumentGranted" unitRef="BRL" id="Tag4799" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,164</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_EquityAttributableToOwnersOfParentMember" name="ugp:IncreaseDecreaseThroughEquityInstrumentGranted" unitRef="BRL" id="Tag4823" decimals="-3" scale="3" format="ixt:num-dot-decimal">38,909</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:IncreaseDecreaseThroughEquityInstrumentGranted" unitRef="BRL" id="Tag4949" decimals="-3" scale="3" format="ixt:num-dot-decimal">38,909</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Realization of revaluation reserve of subsidiaries </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_RevaluationSurplusMember" name="ugp:IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity" unitRef="BRL" id="Tag4347" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">173</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_RetainedEarningsMember" name="ugp:IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity" unitRef="BRL" id="Tag4767" decimals="-3" scale="3" format="ixt:num-dot-decimal">60</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_EquityAttributableToOwnersOfParentMember" name="ugp:IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity" unitRef="BRL" id="Tag4344" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">113</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity" unitRef="BRL" id="Tag4875" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">113</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Capital increase with reserves </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <span>20</span>.a </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_IssuedCapitalMember" name="ugp:IncreaseDecreaseThroughCapitalIncreaseWithReserves" unitRef="BRL" id="Tag1003" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,450,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_StatutoryReserveMember" name="ugp:IncreaseDecreaseThroughCapitalIncreaseWithReserves" unitRef="BRL" id="Tag2216" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">882,575</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_InvestmentsStatutoryReserveMember" name="ugp:IncreaseDecreaseThroughCapitalIncreaseWithReserves" unitRef="BRL" id="Tag4932" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">567,425</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Shareholder transaction - changes of ownership interest </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_InvestmentsStatutoryReserveMember" name="ugp:IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments" unitRef="BRL" id="Tag4959" decimals="-3" scale="3" format="ixt:num-dot-decimal">2</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_EquityAttributableToOwnersOfParentMember" name="ugp:IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments" unitRef="BRL" id="Tag1138" decimals="-3" scale="3" format="ixt:num-dot-decimal">2</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments" unitRef="BRL" id="Tag4880" decimals="-3" scale="3" format="ixt:num-dot-decimal">2</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Loss due to change in ownership interest </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_NoncontrollingInterestsMember" name="ifrs-full:GainsLossesRecognisedWhenControlInSubsidiaryIsLost" unitRef="BRL" id="Tag4349" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">45</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:GainsLossesRecognisedWhenControlInSubsidiaryIsLost" unitRef="BRL" id="Tag4804" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">45</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Dividends prescribed </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_RetainedEarningsMember" name="ugp:UnclaimedDividendsForfeited" unitRef="BRL" id="Tag4891" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,048</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_EquityAttributableToOwnersOfParentMember" name="ugp:UnclaimedDividendsForfeited" unitRef="BRL" id="Tag2292" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,048</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:UnclaimedDividendsForfeited" unitRef="BRL" id="Tag4754" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,048</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Special reserve for mandatory dividend not distributed to non-controlling shareholders </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_NoncontrollingInterestsMember" name="ugp:SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders" unitRef="BRL" id="Tag4957" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">11,145</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders" unitRef="BRL" id="Tag4841" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">11,145</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Non-controlling interest in acquired subsidiary </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_NoncontrollingInterestsMember" name="ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary" unitRef="BRL" id="Tag2568" decimals="-3" scale="3" format="ixt:num-dot-decimal">24,303</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary" unitRef="BRL" id="Tag22" decimals="-3" scale="3" format="ixt:num-dot-decimal">24,303</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Allocation of net income: </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Legal reserve </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_StatutoryReserveMember" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity" unitRef="BRL" id="Tag4843" decimals="-3" scale="3" format="ixt:num-dot-decimal">121,990</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_RetainedEarningsMember" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity" unitRef="BRL" id="Tag4886" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">121,990</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Investments statutory reserve </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_InvestmentsStatutoryReserveMember" name="ugp:IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve" unitRef="BRL" id="Tag4938" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,606,431</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_RetainedEarningsMember" name="ugp:IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve" unitRef="BRL" id="Tag4951" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,606,431</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Additional minimum mandatory dividend (R$ <ix:nonFraction contextRef="D20231231_35" name="ugp:AdditionalMinimumMandatoryDividendsRecognisedPerShare" unitRef="BRLPerShare" id="Tag1061" decimals="2" format="ixt:num-dot-decimal">0.28</ix:nonFraction> per share) </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_RetainedEarningsMember" name="ugp:AdditionalMinimumMandatoryDividendsRecognised" unitRef="BRL" id="Tag4835" decimals="-3" scale="3" format="ixt:num-dot-decimal">305,653</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_EquityAttributableToOwnersOfParentMember" name="ugp:AdditionalMinimumMandatoryDividendsRecognised" unitRef="BRL" id="Tag4943" decimals="-3" scale="3" format="ixt:num-dot-decimal">305,653</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:AdditionalMinimumMandatoryDividendsRecognised" unitRef="BRL" id="Tag4941" decimals="-3" scale="3" format="ixt:num-dot-decimal">305,653</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Additional dividends (R$ <ix:nonFraction contextRef="D20231231_35" name="ugp:AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare" unitRef="BRLPerShare" id="Tag4930" decimals="2" format="ixt:num-dot-decimal">0.12</ix:nonFraction> per share) </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_RetainedEarningsMember" name="ugp:AdditionalDividendsToMinimumMandatoryDividendsRecognised" unitRef="BRL" id="Tag4856" decimals="-3" scale="3" format="ixt:num-dot-decimal">134,031</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20231231_AdditionalDividendsMember" name="ugp:AdditionalDividendsToMinimumMandatoryDividendsRecognised" unitRef="BRL" id="Tag4807" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">134,031</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Dividends attributable to non-controlling interests </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_NoncontrollingInterestsMember" name="ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests" unitRef="BRL" id="Tag4890" decimals="-3" scale="3" format="ixt:num-dot-decimal">19,463</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests" unitRef="BRL" id="Tag23" decimals="-3" scale="3" format="ixt:num-dot-decimal">19,463</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Approval of additional dividends by the Ordinary General Shareholders&#8217; Meeting </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_AdditionalDividendsMember" name="ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParent" unitRef="BRL" id="Tag4923" decimals="-3" scale="3" format="ixt:num-dot-decimal">78,130</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParent" unitRef="BRL" id="Tag4922" decimals="-3" scale="3" format="ixt:num-dot-decimal">78,130</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParent" unitRef="BRL" id="Tag2562" decimals="-3" scale="3" format="ixt:num-dot-decimal">78,130</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Interim dividends (R$ <ix:nonFraction contextRef="D20231231_35" name="ugp:InterestOnCapitalPaidPerShare" unitRef="BRLPerShare" id="Tag4810" decimals="2" format="ixt:num-dot-decimal">0.25</ix:nonFraction> per share) </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_RetainedEarningsMember" name="ugp:InterimDividends" unitRef="BRL" id="Tag4351" decimals="-3" scale="3" format="ixt:num-dot-decimal">273,798</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_EquityAttributableToOwnersOfParentMember" name="ugp:InterimDividends" unitRef="BRL" id="Tag4825" decimals="-3" scale="3" format="ixt:num-dot-decimal">273,798</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:InterimDividends" unitRef="BRL" id="Tag1136" decimals="-3" scale="3" format="ixt:num-dot-decimal">273,798</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> Balance as of December 31, 2023 </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20231231_IssuedCapitalMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4956" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,621,752</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20231231_EquityInstrumentGrantedMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4945" decimals="-3" scale="3" format="ixt:num-dot-decimal">75,925</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20231231_CapitalReserveMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4827" decimals="-3" scale="3" format="ixt:num-dot-decimal">597,828</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20231231_TreasurySharesMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4772" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">470,510</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt; font-weight: bold;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20231231_RevaluationSurplusMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4811" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,802</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20231231_StatutoryReserveMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4960" decimals="-3" scale="3" format="ixt:num-dot-decimal">121,990</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20231231_InvestmentsStatutoryReserveMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4839" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,267,569</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20231231_AccumulatedOtherComprehensiveIncomeMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4820" decimals="-3" scale="3" format="ixt:num-dot-decimal">154,108</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20231231_AdditionalDividendsMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4955" decimals="-3" scale="3" format="ixt:num-dot-decimal">134,031</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20231231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag2565" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,506,495</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20231231_NoncontrollingInterestsMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4744" decimals="-3" scale="3" format="ixt:num-dot-decimal">523,331</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:Equity" unitRef="BRL" id="Tag4915" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,029,826</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;"><span style="font-family: 'times new roman'; font-size: 10pt;">&#160;</span></p>
<div>
<div id="t_ft_TP8FGTSBVK00000000000000000000b">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-12</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<div id="t_ft_YDLJ93J7Z400000000000000000000b">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 74px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" class="customBookmark"><b style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff;"></b></a><b style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff;">Consolidated statements of changes in equity</b></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; height: 17px;"><b style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'times new roman', times; font-size: 13.3333px; background-color: #ffffff;">For the years ended December 31, 2024, <span>2023</span> and <span>2022</span></b></td>
<td style="padding: 0px; margin: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><i style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">(In thousands of Brazilian Reais, except dividends per share)</i></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;"><span style="font-family: 'times new roman'; font-size: 10pt;">&#160;</span></p>
<div id="t_ft_RNWTOUTEI800000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 240px; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td colspan="4" style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> Profit reserves </span></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td colspan="4" style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> Equity attributable to: </span></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> Note </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> Share capital </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> Equity instrument granted </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> Capital reserve </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> Treasury shares </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> Revaluation reserve of subsidiaries </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> Legal reserve </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> Investments statutory reserve </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> Accumulated other comprehensive income </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> Retained earnings </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> Additional dividends to the minimum mandatory dividends </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> Shareholders of Ultrapar </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> Non-controlling interests (i) </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;"> Total equity </span></p> </td>
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr>
<tr style="background-color: #cceeff; height: 10px;">
<td style="padding: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: left; margin: 0px; text-indent: 0px; width: 32%;" valign="bottom"><span style="color: #000000; font-family: 'times new roman', times; font-size: 7pt; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; font-weight: bold;">Balance as of December 31, 2023</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 4%;" valign="bottom"/>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 4%;" valign="bottom"><span style="font-size: 7pt; font-family: 'times new roman', times; font-weight: bold;"><ix:nonFraction contextRef="I20231231_IssuedCapitalMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4879" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,621,752</ix:nonFraction></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 0.5%;" valign="bottom"/>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 0.5%;" valign="bottom"/>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 4%;" valign="bottom"><span style="font-size: 7pt; font-family: 'times new roman', times; font-weight: bold;"><ix:nonFraction contextRef="I20231231_EquityInstrumentGrantedMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4942" decimals="-3" scale="3" format="ixt:num-dot-decimal">75,925</ix:nonFraction></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 0.5%;" valign="bottom"/>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 0.5%;" valign="bottom"/>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 4%;" valign="bottom"><span style="font-size: 7pt; font-family: 'times new roman', times; font-weight: bold;"><ix:nonFraction contextRef="I20231231_CapitalReserveMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4918" decimals="-3" scale="3" format="ixt:num-dot-decimal">597,828</ix:nonFraction></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 0.5%;" valign="bottom"/>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 0.5%;" valign="bottom"/>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 4%;" valign="bottom"><span style="font-size: 7pt; font-family: 'times new roman', times; font-weight: bold;">(<ix:nonFraction contextRef="I20231231_TreasurySharesMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag2573" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">470,510</ix:nonFraction>)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 0.5%;" valign="bottom"/>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 0.5%;" valign="bottom"/>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 4%;" valign="bottom"><span style="font-size: 7pt; font-family: 'times new roman', times; font-weight: bold;"><ix:nonFraction contextRef="I20231231_RevaluationSurplusMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4828" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,802</ix:nonFraction></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 0.5%;" valign="bottom"/>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 0.5%;" valign="bottom"/>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 4%;" valign="bottom"><span style="font-size: 7pt; font-family: 'times new roman', times; font-weight: bold;"><ix:nonFraction contextRef="I20231231_StatutoryReserveMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4826" decimals="-3" scale="3" format="ixt:num-dot-decimal">121,990</ix:nonFraction></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 0.5%;" valign="bottom"/>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 0.5%;" valign="bottom"/>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 4%;" valign="bottom"><span style="font-size: 7pt; font-family: 'times new roman', times; font-weight: bold;"><ix:nonFraction contextRef="I20231231_InvestmentsStatutoryReserveMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4952" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,267,569</ix:nonFraction></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 0.5%;" valign="bottom"/>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 0.5%;" valign="bottom"/>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 4%;" valign="bottom"><span style="font-size: 7pt; font-family: 'times new roman', times; font-weight: bold;"><ix:nonFraction contextRef="I20231231_AccumulatedOtherComprehensiveIncomeMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4796" decimals="-3" scale="3" format="ixt:num-dot-decimal">154,108</ix:nonFraction></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 0.5%;" valign="bottom"/>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 0.5%;" valign="bottom"/>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 4%;" valign="bottom"><span style="font-size: 7pt; font-family: 'times new roman', times; font-weight: bold;"><ix:nonFraction contextRef="I20231231_RetainedEarningsMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag2569" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 0.5%;" valign="bottom"/>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 0.5%;" valign="bottom"/>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 4%;" valign="bottom"><span style="font-size: 7pt; font-family: 'times new roman', times; font-weight: bold;"><ix:nonFraction contextRef="I20231231_AdditionalDividendsMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4743" decimals="-3" scale="3" format="ixt:num-dot-decimal">134,031</ix:nonFraction></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 0.5%;" valign="bottom"/>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 0.5%;" valign="bottom"/>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 4%;" valign="bottom"><span style="font-size: 7pt; font-family: 'times new roman', times; font-weight: bold;"><ix:nonFraction contextRef="I20231231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4789" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,506,495</ix:nonFraction></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 0.5%;" valign="bottom"/>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 0%;" valign="bottom"/>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 4%;" valign="bottom"><span style="font-size: 7pt; font-family: 'times new roman', times; font-weight: bold;"><ix:nonFraction contextRef="I20231231_NoncontrollingInterestsMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4845" decimals="-3" scale="3" format="ixt:num-dot-decimal">523,331</ix:nonFraction></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 0.5%;" valign="bottom"/>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 0.5%;" valign="bottom"/>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 4%;" valign="bottom"><span style="font-size: 7pt; font-family: 'times new roman', times; font-weight: bold;"><ix:nonFraction contextRef="I20231231" name="ifrs-full:Equity" unitRef="BRL" id="Tag4746" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,029,826</ix:nonFraction></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; font-size: 7pt; vertical-align: bottom; text-align: right; width: 0.5%;" valign="bottom"/> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Net income for the year </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_RetainedEarningsMember" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag4865" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,362,740</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag4842" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,362,740</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_NoncontrollingInterestsMember" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag4849" decimals="-3" scale="3" format="ixt:num-dot-decimal">163,160</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag4846" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,525,900</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Other comprehensive income </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_AccumulatedOtherComprehensiveIncomeMember" name="ifrs-full:OtherComprehensiveIncome" unitRef="BRL" id="Tag4992" decimals="-3" scale="3" format="ixt:num-dot-decimal">60,104</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:OtherComprehensiveIncome" unitRef="BRL" id="Tag4872" decimals="-3" scale="3" format="ixt:num-dot-decimal">60,104</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_NoncontrollingInterestsMember" name="ifrs-full:OtherComprehensiveIncome" unitRef="BRL" id="Tag1059" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,743</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:OtherComprehensiveIncome" unitRef="BRL" id="Tag4899" decimals="-3" scale="3" format="ixt:num-dot-decimal">69,847</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Total comprehensive income for the year </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_AccumulatedOtherComprehensiveIncomeMember" name="ifrs-full:ComprehensiveIncome" unitRef="BRL" id="Tag4958" decimals="-3" scale="3" format="ixt:num-dot-decimal">60,104</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_RetainedEarningsMember" name="ifrs-full:ComprehensiveIncome" unitRef="BRL" id="Tag4857" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,362,740</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:ComprehensiveIncome" unitRef="BRL" id="Tag2614" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,422,844</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_NoncontrollingInterestsMember" name="ifrs-full:ComprehensiveIncome" unitRef="BRL" id="Tag4855" decimals="-3" scale="3" format="ixt:num-dot-decimal">172,903</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:ComprehensiveIncome" unitRef="BRL" id="Tag4852" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,595,747</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Issuance of shares related to the subscription warrants - indemnification </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_CapitalReserveMember" name="ugp:IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity" unitRef="BRL" id="Tag4817" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,452</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_EquityAttributableToOwnersOfParentMember" name="ugp:IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity" unitRef="BRL" id="Tag2363" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,452</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity" unitRef="BRL" id="Tag4748" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,452</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Equity instrument granted </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <span>8</span>.c; <span>20</span>.b </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_EquityInstrumentGrantedMember" name="ugp:IncreaseDecreaseThroughEquityInstrumentGranted" unitRef="BRL" id="Tag4900" decimals="-3" scale="3" format="ixt:num-dot-decimal">32,328</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_CapitalReserveMember" name="ugp:IncreaseDecreaseThroughEquityInstrumentGranted" unitRef="BRL" id="Tag4749" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,069</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_TreasurySharesMember" name="ugp:IncreaseDecreaseThroughEquityInstrumentGranted" unitRef="BRL" id="Tag4812" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,055</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_EquityAttributableToOwnersOfParentMember" name="ugp:IncreaseDecreaseThroughEquityInstrumentGranted" unitRef="BRL" id="Tag2381" decimals="-3" scale="3" format="ixt:num-dot-decimal">57,452</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_NoncontrollingInterestsMember" name="ugp:IncreaseDecreaseThroughEquityInstrumentGranted" unitRef="BRL" id="Tag1060" decimals="-3" scale="3" format="ixt:num-dot-decimal">6</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:IncreaseDecreaseThroughEquityInstrumentGranted" unitRef="BRL" id="Tag4976" decimals="-3" scale="3" format="ixt:num-dot-decimal">57,458</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Purchase of treasury shares </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <span>20</span>.c </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20241231_TreasurySharesMember" name="ifrs-full:PurchaseOfTreasuryShares" unitRef="BRL" id="Tag4801" decimals="-3" scale="3" format="ixt:num-dot-decimal">148,945</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20241231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:PurchaseOfTreasuryShares" unitRef="BRL" id="Tag4760" decimals="-3" scale="3" format="ixt:num-dot-decimal">148,945</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:PurchaseOfTreasuryShares" unitRef="BRL" id="Tag2225" decimals="-3" scale="3" format="ixt:num-dot-decimal">148,945</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Realization of revaluation reserve of subsidiaries </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20241231_RevaluationSurplusMember" name="ugp:IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity" unitRef="BRL" id="Tag4953" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">170</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_RetainedEarningsMember" name="ugp:IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity" unitRef="BRL" id="Tag4858" decimals="-3" scale="3" format="ixt:num-dot-decimal">170</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Reserve constitution </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_CapitalReserveMember" name="ugp:IncreaseDecreaseThroughReserveConstitution" unitRef="BRL" id="Tag4878" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,699</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_EquityAttributableToOwnersOfParentMember" name="ugp:IncreaseDecreaseThroughReserveConstitution" unitRef="BRL" id="Tag4881" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,699</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20241231_NoncontrollingInterestsMember" name="ugp:IncreaseDecreaseThroughReserveConstitution" unitRef="BRL" id="Tag4967" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">36</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:IncreaseDecreaseThroughReserveConstitution" unitRef="BRL" id="Tag4898" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,663</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Shareholder transaction - changes of ownership interest </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_RetainedEarningsMember" name="ugp:IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments" unitRef="BRL" id="Tag1139" decimals="-3" scale="3" format="ixt:num-dot-decimal">534</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_EquityAttributableToOwnersOfParentMember" name="ugp:IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments" unitRef="BRL" id="Tag4745" decimals="-3" scale="3" format="ixt:num-dot-decimal">534</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_NoncontrollingInterestsMember" name="ugp:IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments" unitRef="BRL" id="Tag4869" decimals="-3" scale="3" format="ixt:num-dot-decimal">309</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments" unitRef="BRL" id="Tag4912" decimals="-3" scale="3" format="ixt:num-dot-decimal">843</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Dividends prescribed </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_RetainedEarningsMember" name="ugp:UnclaimedDividendsForfeited" unitRef="BRL" id="Tag4771" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,369</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_EquityAttributableToOwnersOfParentMember" name="ugp:UnclaimedDividendsForfeited" unitRef="BRL" id="Tag4355" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,369</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:UnclaimedDividendsForfeited" unitRef="BRL" id="Tag4769" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,369</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Non-controlling interest in acquired subsidiary </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_NoncontrollingInterestsMember" name="ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary" unitRef="BRL" id="Tag4834" decimals="-3" scale="3" format="ixt:num-dot-decimal">112,160</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary" unitRef="BRL" id="Tag4874" decimals="-3" scale="3" format="ixt:num-dot-decimal">112,160</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Allocation of net income: </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Legal reserve </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <span>20</span>.f </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_StatutoryReserveMember" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity" unitRef="BRL" id="Tag4964" decimals="-3" scale="3" format="ixt:num-dot-decimal">118,137</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20241231_RetainedEarningsMember" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity" unitRef="BRL" id="Tag4903" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">118,137</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Investments statutory reserve </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <span>20</span>.f </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_InvestmentsStatutoryReserveMember" name="ugp:IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve" unitRef="BRL" id="Tag4764" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,479,404</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20241231_RetainedEarningsMember" name="ugp:IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve" unitRef="BRL" id="Tag4868" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,479,404</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Additional minimum mandatory dividend for the year (R$ <ix:nonFraction contextRef="D20241231" name="ugp:AdditionalMinimumMandatoryDividendsRecognisedPerShare" unitRef="BRLPerShare" id="Tag4963" decimals="2" format="ixt:num-dot-decimal">0.26</ix:nonFraction> per share) </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <span>20</span>.i </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20241231_RetainedEarningsMember" name="ugp:AdditionalMinimumMandatoryDividendsRecognised" unitRef="BRL" id="Tag4861" decimals="-3" scale="3" format="ixt:num-dot-decimal">285,180</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20241231_EquityAttributableToOwnersOfParentMember" name="ugp:AdditionalMinimumMandatoryDividendsRecognised" unitRef="BRL" id="Tag4740" decimals="-3" scale="3" format="ixt:num-dot-decimal">285,180</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:AdditionalMinimumMandatoryDividendsRecognised" unitRef="BRL" id="Tag4766" decimals="-3" scale="3" format="ixt:num-dot-decimal">285,180</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Additional dividends (R$ <ix:nonFraction contextRef="D20241231" name="ugp:AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare" unitRef="BRLPerShare" id="Tag4887" decimals="2" format="ixt:num-dot-decimal">0.19</ix:nonFraction> per share) </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <span>20</span>.i </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20241231_RetainedEarningsMember" name="ugp:AdditionalDividendsToMinimumMandatoryDividendsRecognised" unitRef="BRL" id="Tag4752" decimals="-3" scale="3" format="ixt:num-dot-decimal">208,121</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <ix:nonFraction contextRef="D20241231_AdditionalDividendsMember" name="ugp:AdditionalDividendsToMinimumMandatoryDividendsRecognised" unitRef="BRL" id="Tag4851" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">208,121</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Interest on capital attributable to non-controlling interests </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20241231_NoncontrollingInterestsMember" name="ugp:InterestOnCapitalPaid" unitRef="BRL" id="Tag1137" decimals="-3" scale="3" format="ixt:num-dot-decimal">105,590</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:InterestOnCapitalPaid" unitRef="BRL" id="Tag4830" decimals="-3" scale="3" format="ixt:num-dot-decimal">105,590</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Dividends attributable to non-controlling interests </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20241231_NoncontrollingInterestsMember" name="ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests" unitRef="BRL" id="Tag4847" decimals="-3" scale="3" format="ixt:num-dot-decimal">38,357</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests" unitRef="BRL" id="Tag1140" decimals="-3" scale="3" format="ixt:num-dot-decimal">38,357</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Approval of additional dividends by the Ordinary General Shareholders&#8217; Meeting </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <span>20</span>.h </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20241231_AdditionalDividendsMember" name="ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParent" unitRef="BRL" id="Tag4853" decimals="-3" scale="3" format="ixt:num-dot-decimal">134,031</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20241231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParent" unitRef="BRL" id="Tag4790" decimals="-3" scale="3" format="ixt:num-dot-decimal">134,031</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParent" unitRef="BRL" id="Tag4888" decimals="-3" scale="3" format="ixt:num-dot-decimal">134,031</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> Interim dividends (R$ <ix:nonFraction contextRef="D20241231" name="ugp:InterestOnCapitalPaidPerShare" unitRef="BRLPerShare" id="Tag4862" decimals="2" format="ixt:num-dot-decimal">0.25</ix:nonFraction> per share) </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> <span>20</span>.h </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20241231_RetainedEarningsMember" name="ugp:InterimDividends" unitRef="BRL" id="Tag20" decimals="-3" scale="3" format="ixt:num-dot-decimal">275,971</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20241231_EquityAttributableToOwnersOfParentMember" name="ugp:InterimDividends" unitRef="BRL" id="Tag4768" decimals="-3" scale="3" format="ixt:num-dot-decimal">275,971</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:InterimDividends" unitRef="BRL" id="Tag4914" decimals="-3" scale="3" format="ixt:num-dot-decimal">275,971</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt;">)</span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; font-size: 7pt; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> Balance as of December 31, 2024 </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20241231_IssuedCapitalMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4741" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,621,752</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20241231_EquityInstrumentGrantedMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4774" decimals="-3" scale="3" format="ixt:num-dot-decimal">108,253</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20241231_CapitalReserveMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4897" decimals="-3" scale="3" format="ixt:num-dot-decimal">612,048</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20241231_TreasurySharesMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4838" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">596,400</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 7pt; font-weight: bold;">)</span></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20241231_RevaluationSurplusMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4884" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,632</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20241231_StatutoryReserveMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4866" decimals="-3" scale="3" format="ixt:num-dot-decimal">240,127</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20241231_InvestmentsStatutoryReserveMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4844" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,746,973</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20241231_AccumulatedOtherComprehensiveIncomeMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4782" decimals="-3" scale="3" format="ixt:num-dot-decimal">214,212</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"><ix:nonFraction contextRef="I20241231_RetainedEarningsMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4762" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20241231_AdditionalDividendsMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4803" decimals="-3" scale="3" format="ixt:num-dot-decimal">208,121</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20241231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4909" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,158,718</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20241231_NoncontrollingInterestsMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag4836" decimals="-3" scale="3" format="ixt:num-dot-decimal">664,726</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; font-size: 7pt; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:Equity" unitRef="BRL" id="Tag4901" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,823,444</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 7pt; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div> </div>
<p style="margin: 0pt 0pt 0pt 14.2pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><br/></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(i) <span><ix:footnote xml:lang="en-US" id="footnote82" footnoteRole="http://www.xbrl.org/2003/role/footnote">Are substantially represented by non-controlling shareholders of Iconic.</ix:footnote></span></span></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(ii) <span><ix:footnote continuedAt="cdf8b0075-3b0c-4e6d-a32d-c268cfcc0a87" xml:lang="en-US" id="footnote83" footnoteRole="http://www.xbrl.org/2003/role/footnote">Considers cumulative translation adjustment from discontinued operations. The accumulated effects were reclassified to income as a result of the sale of Oxiteno.</ix:footnote></span></span></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span><br/></span></span></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><ix:continuation id="cdf8b0075-3b0c-4e6d-a32d-c268cfcc0a87"><span style="font-family: 'times new roman', times; font-size: 10pt;">The accompanying notes are an integral part of the financial statements.</span></ix:continuation><br/></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><br/></p> </div>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px;">
<div>
<div id="t_ft_JCT1QU8USG00000000000000000000b">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-13</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div><div id="Dvtm9qsho7xm2ttz7ddu0f" style="font-family: 'times new roman', times; font-size: 10pt;">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 74px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BCF2_142202521224941" class="customBookmark"><b style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff;">Consolidated statements of cash flows - indirect method</b></a></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; height: 17px;"><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BCf_2132025212840640" class="customBookmark"><b style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; background-color: #ffffff;">For the years ended December 31, 2024, 2023 and 2022</b></a></td>
<td style="padding: 0px; margin: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><i style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">(In thousands of Brazilian Reais)</i></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><br/></td> </tr> </tbody> </table>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><br/></p>
<div id="t_ft_ZZKJL4LTZ400000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 1381px; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Note </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> <span>2024</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> <span>2023</span> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> <span>2022</span> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 57%; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Cash flows from operating activities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 8%; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="height: 17px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 10%; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="height: 17px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="height: 17px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="height: 17px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 10%; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; width: 1%; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; width: 1%; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; width: 1%; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 11px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 11px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Net income from continuing operations </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 11px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:ProfitLossFromContinuingOperations" unitRef="BRL" id="Tag5017" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,525,900</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ProfitLossFromContinuingOperations" unitRef="BRL" id="Tag4719" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,517,753</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ProfitLossFromContinuingOperations" unitRef="BRL" id="Tag4673" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,538,211</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Adjustments to reconcile net income to cash provided (consumed) by operating activities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Share of profit (loss) of subsidiaries, joint ventures and associates and amortization of fair value adjustments on associates acquisition </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>11</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:AdjustmentsForUndistributedProfitsAndAmortizationOfFairValueAdjustmentsOfInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1115" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">129,675</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:AdjustmentsForUndistributedProfitsAndAmortizationOfFairValueAdjustmentsOfInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag4989" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,908</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ugp:AdjustmentsForUndistributedProfitsAndAmortizationOfFairValueAdjustmentsOfInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag4693" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,181</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Amortization of contractual assets with customers - exclusivity rights </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>10</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" unitRef="BRL" id="Tag5077" decimals="-3" scale="3" format="ixt:num-dot-decimal">555,083</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" unitRef="BRL" id="Tag5050" decimals="-3" scale="3" format="ixt:num-dot-decimal">607,446</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" unitRef="BRL" id="Tag4698" decimals="-3" scale="3" format="ixt:num-dot-decimal">504,907</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Amortization of right-of-use assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>12</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:AdjustmentsForAmortizationOfRightOfUseAssets" unitRef="BRL" id="Tag4714" decimals="-3" scale="3" format="ixt:num-dot-decimal">312,060</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:AdjustmentsForAmortizationOfRightOfUseAssets" unitRef="BRL" id="Tag3398" decimals="-3" scale="3" format="ixt:num-dot-decimal">305,900</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:AdjustmentsForAmortizationOfRightOfUseAssets" unitRef="BRL" id="Tag5004" decimals="-3" scale="3" format="ixt:num-dot-decimal">288,419</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Depreciation and amortization </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>13</span>; <span>14</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:AdjustmentsForDepreciationAndAmortisationExpense" unitRef="BRL" id="Tag1114" decimals="-3" scale="3" format="ixt:num-dot-decimal">900,673</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:AdjustmentsForDepreciationAndAmortisationExpense" unitRef="BRL" id="Tag5062" decimals="-3" scale="3" format="ixt:num-dot-decimal">848,894</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:AdjustmentsForDepreciationAndAmortisationExpense" unitRef="BRL" id="Tag4974" decimals="-3" scale="3" format="ixt:num-dot-decimal">738,904</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest, derivatives, monetary variations and foreign exchange variations </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:AdjustmentsForInterestAndForeignExchangeRateVariations" unitRef="BRL" id="Tag1156" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,557,814</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:AdjustmentsForInterestAndForeignExchangeRateVariations" unitRef="BRL" id="Tag4712" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,349,953</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:AdjustmentsForInterestAndForeignExchangeRateVariations" unitRef="BRL" id="Tag1123" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,625,987</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Current and deferred income and social contribution taxes </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>9</span>.b </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:AdjustmentsForCurrentTaxExpenseAndDeferredTaxExpense" unitRef="BRL" id="Tag5047" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,485,617</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:AdjustmentsForCurrentTaxExpenseAndDeferredTaxExpense" unitRef="BRL" id="Tag5015" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,060,942</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:AdjustmentsForCurrentTaxExpenseAndDeferredTaxExpense" unitRef="BRL" id="Tag4707" decimals="-3" scale="3" format="ixt:num-dot-decimal">341,514</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Gain (loss) on disposal or write-off of property, plant and equipment, intangible assets and other assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" unitRef="BRL" id="Tag5057" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">207,076</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" unitRef="BRL" id="Tag5053" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">192,744</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" unitRef="BRL" id="Tag5058" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">322,190</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Equity instrument granted </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:AdjustmentsForSharebasedPayments" unitRef="BRL" id="Tag5126" decimals="-3" scale="3" format="ixt:num-dot-decimal">57,458</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:AdjustmentsForSharebasedPayments" unitRef="BRL" id="Tag4722" decimals="-3" scale="3" format="ixt:num-dot-decimal">38,909</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:AdjustmentsForSharebasedPayments" unitRef="BRL" id="Tag4708" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,944</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Gain (loss) on the fair value of energy contracts </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:AdjustmentsForGainLossOnFairValueOfEnergyContracts" unitRef="BRL" id="Tag5070" decimals="-3" scale="3" format="ixt:num-dot-decimal">64,287</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:AdjustmentsForGainLossOnFairValueOfEnergyContracts" unitRef="BRL" id="Tag1122" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231" name="ugp:AdjustmentsForGainLossOnFairValueOfEnergyContracts" unitRef="BRL" id="Tag5438" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Provision for decarbonization - CBIO and carbon credits </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:AdjustmentsForProvisionOfDecarbonization" unitRef="BRL" id="Tag1154" decimals="-3" scale="3" format="ixt:num-dot-decimal">584,371</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:AdjustmentsForProvisionOfDecarbonization" unitRef="BRL" id="Tag5092" decimals="-3" scale="3" format="ixt:num-dot-decimal">740,298</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:AdjustmentsForProvisionOfDecarbonization" unitRef="BRL" id="Tag3389" decimals="-3" scale="3" format="ixt:num-dot-decimal">638,542</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other provisions and adjustments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:AdjustmentsForOtherProvisionsAndAdjustments" unitRef="BRL" id="Tag5042" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">16,069</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:AdjustmentsForOtherProvisionsAndAdjustments" unitRef="BRL" id="Tag1126" decimals="-3" scale="3" format="ixt:num-dot-decimal">147,800</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:AdjustmentsForOtherProvisionsAndAdjustments" unitRef="BRL" id="Tag4674" decimals="-3" scale="3" format="ixt:num-dot-decimal">44,793</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); border-top-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" unitRef="BRL" id="Tag4678" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,821,219</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); border-top-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" unitRef="BRL" id="Tag5049" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,413,243</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); border-top-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" unitRef="BRL" id="Tag1143" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,396,850</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (Increase) decrease in assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Trade receivables and reseller financing </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>5</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAccountReceivable" unitRef="BRL" id="Tag5101" decimals="-3" scale="3" format="ixt:num-dot-decimal">180,339</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAccountReceivable" unitRef="BRL" id="Tag5095" decimals="-3" scale="3" format="ixt:num-dot-decimal">259,878</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAccountReceivable" unitRef="BRL" id="Tag5069" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">779,239</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Inventories </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>6</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:AdjustmentsForDecreaseIncreaseInInventories" unitRef="BRL" id="Tag5020" decimals="-3" scale="3" format="ixt:num-dot-decimal">371,244</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:AdjustmentsForDecreaseIncreaseInInventories" unitRef="BRL" id="Tag4973" decimals="-3" scale="3" format="ixt:num-dot-decimal">645,301</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:AdjustmentsForDecreaseIncreaseInInventories" unitRef="BRL" id="Tag4996" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,004,819</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Recoverable taxes </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:AdjustmentsForDecreaseIncreaseInRecoverableTaxes" unitRef="BRL" id="Tag5127" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,642,714</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:AdjustmentsForDecreaseIncreaseInRecoverableTaxes" unitRef="BRL" id="Tag4994" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,201,440</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ugp:AdjustmentsForDecreaseIncreaseInRecoverableTaxes" unitRef="BRL" id="Tag4979" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,056,104</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Dividends received from subsidiaries, associates and joint ventures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:DividendsReceivedClassifiedAsOperatingActivities" unitRef="BRL" id="Tag5098" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,028</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:DividendsReceivedClassifiedAsOperatingActivities" unitRef="BRL" id="Tag5091" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,041</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:DividendsReceivedClassifiedAsOperatingActivities" unitRef="BRL" id="Tag4983" decimals="-3" scale="3" format="ixt:num-dot-decimal">146</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:AdjustmentsForDecreaseIncreaseInOtherAssets" unitRef="BRL" id="Tag5032" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">114,528</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:AdjustmentsForDecreaseIncreaseInOtherAssets" unitRef="BRL" id="Tag1144" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">87,797</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:AdjustmentsForDecreaseIncreaseInOtherAssets" unitRef="BRL" id="Tag5103" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">224,379</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Increase (decrease) in liabilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Trade payables and trade payables - reverse factoring </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>16</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAccountPayable" unitRef="BRL" id="Tag4691" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,209,636</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAccountPayable" unitRef="BRL" id="Tag5096" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,700,496</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAccountPayable" unitRef="BRL" id="Tag4993" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,557,837</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Salaries and related charges </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges" unitRef="BRL" id="Tag4998" decimals="-3" scale="3" format="ixt:num-dot-decimal">17,019</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges" unitRef="BRL" id="Tag5100" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">30,965</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges" unitRef="BRL" id="Tag4711" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">130,586</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Taxes payable </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:AdjustmentsForIncreaseDecreaseInTaxesPayable" unitRef="BRL" id="Tag5029" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">23,512</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:AdjustmentsForIncreaseDecreaseInTaxesPayable" unitRef="BRL" id="Tag5009" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">25,027</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ugp:AdjustmentsForIncreaseDecreaseInTaxesPayable" unitRef="BRL" id="Tag4990" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">9,442</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other liabilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:AdjustmentsForIncreaseDecreaseInOtherLiabilities" unitRef="BRL" id="Tag5094" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">160,331</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:AdjustmentsForIncreaseDecreaseInOtherLiabilities" unitRef="BRL" id="Tag4697" decimals="-3" scale="3" format="ixt:num-dot-decimal">218,523</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:AdjustmentsForIncreaseDecreaseInOtherLiabilities" unitRef="BRL" id="Tag4681" decimals="-3" scale="3" format="ixt:num-dot-decimal">677,016</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Acquisition of CBIO and carbon credits </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>14</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:AdjustmentsForIncreaseDecreaseInAcquisitionOfDecarbonizationCredits" unitRef="BRL" id="Tag5086" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">713,453</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:AdjustmentsForIncreaseDecreaseInAcquisitionOfDecarbonizationCredits" unitRef="BRL" id="Tag5044" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">778,885</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ugp:AdjustmentsForIncreaseDecreaseInAcquisitionOfDecarbonizationCredits" unitRef="BRL" id="Tag4988" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">635,130</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Payments of contractual assets with customers - exclusivity rights </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>10</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:AdjustmentsForIncreaseDecreaseInNonCurrentPaymentsOfContractualAssetsWithCustomersExclusiveRights" unitRef="BRL" id="Tag5437" decimals="-3" scale="3" format="ixt:num-dot-decimal">418,250</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:AdjustmentsForIncreaseDecreaseInNonCurrentPaymentsOfContractualAssetsWithCustomersExclusiveRights" unitRef="BRL" id="Tag5052" decimals="-3" scale="3" format="ixt:num-dot-decimal">597,798</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ugp:AdjustmentsForIncreaseDecreaseInNonCurrentPaymentsOfContractualAssetsWithCustomersExclusiveRights" unitRef="BRL" id="Tag5125" decimals="-3" scale="3" format="ixt:num-dot-decimal">710,908</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Payment of contingencies </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:AdjustmentsForIncreaseDecreaseInPaymentsOfContingencies" unitRef="BRL" id="Tag5008" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">30,896</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:AdjustmentsForIncreaseDecreaseInPaymentsOfContingencies" unitRef="BRL" id="Tag4977" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">70,128</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ugp:AdjustmentsForIncreaseDecreaseInPaymentsOfContingencies" unitRef="BRL" id="Tag5039" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">84,939</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income and social contribution taxes paid </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:AdjustmentsForIncreaseDecreaseInLiabilitiesFromIncomeAndSocialContributionTaxesPaid" unitRef="BRL" id="Tag5080" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">308,915</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:AdjustmentsForIncreaseDecreaseInLiabilitiesFromIncomeAndSocialContributionTaxesPaid" unitRef="BRL" id="Tag5046" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">268,558</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ugp:AdjustmentsForIncreaseDecreaseInLiabilitiesFromIncomeAndSocialContributionTaxesPaid" unitRef="BRL" id="Tag5038" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">283,331</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Net cash provided by operating activities from continuing operations </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:CashFlowsFromUsedInOperatingActivitiesContinuingOperations" unitRef="BRL" id="Tag4991" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,735,576</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:CashFlowsFromUsedInOperatingActivitiesContinuingOperations" unitRef="BRL" id="Tag5068" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,849,822</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:CashFlowsFromUsedInOperatingActivitiesContinuingOperations" unitRef="BRL" id="Tag4978" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,974,144</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Net cash provided by operating activities from discontinued operations </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20241231" name="ifrs-full:CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" unitRef="BRL" id="Tag4721" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20231231_35" name="ifrs-full:CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" unitRef="BRL" id="Tag5036" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" unitRef="BRL" id="Tag4695" decimals="-3" scale="3" format="ixt:num-dot-decimal">30,550</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Net cash provided by operating activities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); border-top-color: rgb(0, 0, 0) !important; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:CashFlowsFromUsedInOperatingActivities" unitRef="BRL" id="Tag5073" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,735,576</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); border-top-color: rgb(0, 0, 0) !important; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:CashFlowsFromUsedInOperatingActivities" unitRef="BRL" id="Tag5075" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,849,822</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); border-top-color: rgb(0, 0, 0) !important; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:CashFlowsFromUsedInOperatingActivities" unitRef="BRL" id="Tag1125" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,004,694</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Cash flows from investing activities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Financial investments, net of redemptions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>4</span>.b </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:FinancialInvestmentsNetOfRedemptions" unitRef="BRL" id="Tag5102" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,202,032</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:FinancialInvestmentsNetOfRedemptions" unitRef="BRL" id="Tag5059" decimals="-3" scale="3" format="ixt:num-dot-decimal">73,973</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:FinancialInvestmentsNetOfRedemptions" unitRef="BRL" id="Tag4982" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,567,962</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Acquisition of property, plant and equipment and intangible assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>13</span>; <span>14</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities" unitRef="BRL" id="Tag4730" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,787,175</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities" unitRef="BRL" id="Tag4997" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,287,330</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ugp:PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities" unitRef="BRL" id="Tag4676" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,206,836</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Receipt of intercompany loan owed by Oxiteno S.A. to Ultrapar International </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20241231" name="ugp:CashReceiptsFromRepaymentOfLoansMadeToRelatedParties" unitRef="BRL" id="Tag5065" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20231231_35" name="ugp:CashReceiptsFromRepaymentOfLoansMadeToRelatedParties" unitRef="BRL" id="Tag5033" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:CashReceiptsFromRepaymentOfLoansMadeToRelatedParties" unitRef="BRL" id="Tag5439" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,980,699</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Cash provided by disposal of investments and property, plant and equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities" unitRef="BRL" id="Tag5022" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,386,252</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities" unitRef="BRL" id="Tag5084" decimals="-3" scale="3" format="ixt:num-dot-decimal">512,827</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities" unitRef="BRL" id="Tag4995" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,839,676</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Capital increase in joint ventures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" unitRef="BRL" id="Tag4710" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" unitRef="BRL" id="Tag4713" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" unitRef="BRL" id="Tag1151" decimals="-3" scale="3" format="ixt:num-dot-decimal">28,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Capital decrease in joint ventures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>11</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:OtherCashReceiptsFromSalesOfInterestsInJointVenturesClassifiedAsInvestingActivities" unitRef="BRL" id="Tag5093" decimals="-3" scale="3" format="ixt:num-dot-decimal">522</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:OtherCashReceiptsFromSalesOfInterestsInJointVenturesClassifiedAsInvestingActivities" unitRef="BRL" id="Tag4729" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231" name="ifrs-full:OtherCashReceiptsFromSalesOfInterestsInJointVenturesClassifiedAsInvestingActivities" unitRef="BRL" id="Tag5099" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Net cash consumed in the purchase of investments and other assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:NetCashConsumedInPurchaseOfinvestmentsSaleTransactionAndOtherAssets" unitRef="BRL" id="Tag5023" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,785,517</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:NetCashConsumedInPurchaseOfinvestmentsSaleTransactionAndOtherAssets" unitRef="BRL" id="Tag4728" decimals="-3" scale="3" format="ixt:num-dot-decimal">324,125</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:NetCashConsumedInPurchaseOfinvestmentsSaleTransactionAndOtherAssets" unitRef="BRL" id="Tag5064" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">969,790</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Net cash provided (consumed) by investing activities from continuing operations </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:CashFlowsFromUsedInInvestingActivitiesContinuingOperations" unitRef="BRL" id="Tag5083" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,387,950</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="height: 10px; vertical-align: bottom; font-weight: bold;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:CashFlowsFromUsedInInvestingActivitiesContinuingOperations" unitRef="BRL" id="Tag4981" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,021,555</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><span style="height: 10px; font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:CashFlowsFromUsedInInvestingActivitiesContinuingOperations" unitRef="BRL" id="Tag5056" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,123,291</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Net cash consumed by investing activities from discontinued operations </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20241231" name="ifrs-full:CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" unitRef="BRL" id="Tag4987" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20231231_35" name="ifrs-full:CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" unitRef="BRL" id="Tag4970" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" unitRef="BRL" id="Tag1150" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">220,190</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Net cash provided (consumed) by investing activities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:CashFlowsFromUsedInInvestingActivities" unitRef="BRL" id="Tag1124" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,387,950</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:CashFlowsFromUsedInInvestingActivities" unitRef="BRL" id="Tag5027" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,021,555</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:CashFlowsFromUsedInInvestingActivities" unitRef="BRL" id="Tag763" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,903,101</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Cash flows from financing activities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Loans, financing and debentures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Proceeds </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>15</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities" unitRef="BRL" id="Tag1153" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,179,974</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities" unitRef="BRL" id="Tag5440" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,903,031</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities" unitRef="BRL" id="Tag5060" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,519,580</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Repayments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>15</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities" unitRef="BRL" id="Tag1146" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,718,953</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities" unitRef="BRL" id="Tag5028" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,149,525</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities" unitRef="BRL" id="Tag1119" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,848,611</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest and derivatives (paid) or received </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>15</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:InterestPaidForBorrowingsClassifiedAsFinancingActivities" unitRef="BRL" id="Tag5016" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,117,562</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:InterestPaidForBorrowingsClassifiedAsFinancingActivities" unitRef="BRL" id="Tag5010" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,267,447</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ugp:InterestPaidForBorrowingsClassifiedAsFinancingActivities" unitRef="BRL" id="Tag5000" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,398,229</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Payments of lease </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Principal </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>12</span>.b </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" unitRef="BRL" id="Tag5087" decimals="-3" scale="3" format="ixt:num-dot-decimal">285,404</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" unitRef="BRL" id="Tag5025" decimals="-3" scale="3" format="ixt:num-dot-decimal">213,527</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" unitRef="BRL" id="Tag4687" decimals="-3" scale="3" format="ixt:num-dot-decimal">351,011</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest paid </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>12</span>.b </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities" unitRef="BRL" id="Tag5045" decimals="-3" scale="3" format="ixt:num-dot-decimal">148,084</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities" unitRef="BRL" id="Tag5082" decimals="-3" scale="3" format="ixt:num-dot-decimal">145,586</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ugp:InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities" unitRef="BRL" id="Tag4971" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,868</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Dividends paid </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:DividendsPaidClassifiedAsFinancingActivities" unitRef="BRL" id="Tag4685" decimals="-3" scale="3" format="ixt:num-dot-decimal">833,658</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:DividendsPaidClassifiedAsFinancingActivities" unitRef="BRL" id="Tag4725" decimals="-3" scale="3" format="ixt:num-dot-decimal">400,025</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:DividendsPaidClassifiedAsFinancingActivities" unitRef="BRL" id="Tag4672" decimals="-3" scale="3" format="ixt:num-dot-decimal">638,280</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Proceeds from financial liabilities of customers </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" unitRef="BRL" id="Tag5031" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" unitRef="BRL" id="Tag4972" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,812</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" unitRef="BRL" id="Tag4717" decimals="-3" scale="3" format="ixt:num-dot-decimal">162,895</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Payments of financial liabilities of customers </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" unitRef="BRL" id="Tag4720" decimals="-3" scale="3" format="ixt:num-dot-decimal">159,897</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" unitRef="BRL" id="Tag3393" decimals="-3" scale="3" format="ixt:num-dot-decimal">197,891</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ugp:PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" unitRef="BRL" id="Tag4702" decimals="-3" scale="3" format="ixt:num-dot-decimal">173,948</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Capital increase made by non-controlling shareholders and redemption of shares </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:ProceedsFromContributionsOfNoncontrollingInterests" unitRef="BRL" id="Tag4715" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,500</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ProceedsFromContributionsOfNoncontrollingInterests" unitRef="BRL" id="Tag5051" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ProceedsFromContributionsOfNoncontrollingInterests" unitRef="BRL" id="Tag4716" decimals="-3" scale="3" format="ixt:num-dot-decimal">21,682</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Repurchase of treasury shares </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:RepurchaseOfTreasuryShares" unitRef="BRL" id="Tag4694" decimals="-3" scale="3" format="ixt:num-dot-decimal">148,945</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20231231_35" name="ugp:RepurchaseOfTreasuryShares" unitRef="BRL" id="Tag5024" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231" name="ugp:RepurchaseOfTreasuryShares" unitRef="BRL" id="Tag4704" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Related parties </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:CashRepaymentsOfAdvancesAndLoansFromRelatedParties" unitRef="BRL" id="Tag4679" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,073</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:CashRepaymentsOfAdvancesAndLoansFromRelatedParties" unitRef="BRL" id="Tag4969" decimals="-3" scale="3" format="ixt:num-dot-decimal">31,238</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:CashRepaymentsOfAdvancesAndLoansFromRelatedParties" unitRef="BRL" id="Tag1127" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,926</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Net cash consumed by financing activities from continuing operations </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:CashFlowsFromUsedInFinancingActivitiesContinuingOperations" unitRef="BRL" id="Tag4724" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,234,102</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:CashFlowsFromUsedInFinancingActivitiesContinuingOperations" unitRef="BRL" id="Tag5081" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,494,396</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:CashFlowsFromUsedInFinancingActivitiesContinuingOperations" unitRef="BRL" id="Tag4985" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,731,716</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Net cash consumed by financing activities from discontinued operations </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20241231" name="ifrs-full:CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations" unitRef="BRL" id="Tag4709" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20231231_35" name="ifrs-full:CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations" unitRef="BRL" id="Tag1113" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations" unitRef="BRL" id="Tag4727" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">179,025</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Net cash consumed by financing activities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:CashFlowsFromUsedInFinancingActivities" unitRef="BRL" id="Tag5074" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,234,102</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:CashFlowsFromUsedInFinancingActivities" unitRef="BRL" id="Tag4683" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,494,396</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:CashFlowsFromUsedInFinancingActivities" unitRef="BRL" id="Tag4726" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,910,741</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Effect of exchange rate changes on cash and cash equivalents in foreign currency - continuing operations </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:EffectOfExchangeRateChangesOnCashAndCashEquivalentsContinuingOperations" unitRef="BRL" id="Tag5002" decimals="-3" scale="3" format="ixt:num-dot-decimal">32,381</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:EffectOfExchangeRateChangesOnCashAndCashEquivalentsContinuingOperations" unitRef="BRL" id="Tag4980" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">29,952</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ugp:EffectOfExchangeRateChangesOnCashAndCashEquivalentsContinuingOperations" unitRef="BRL" id="Tag5067" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">24,024</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Effect of exchange rate changes on cash and cash equivalents in foreign currency - discontinued operations </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20241231" name="ugp:EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations" unitRef="BRL" id="Tag5055" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20231231_35" name="ugp:EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations" unitRef="BRL" id="Tag1149" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ugp:EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations" unitRef="BRL" id="Tag1118" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">19,316</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Increase (decrease) in cash and cash equivalents &#8211; continuing operations </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations" unitRef="BRL" id="Tag5072" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,854,095</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations" unitRef="BRL" id="Tag5030" decimals="-3" scale="3" format="ixt:num-dot-decimal">303,919</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations" unitRef="BRL" id="Tag4723" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,341,695</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Decrease in cash and cash equivalents - discontinued operations </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20241231" name="ugp:IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations" unitRef="BRL" id="Tag1116" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20231231_35" name="ugp:IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations" unitRef="BRL" id="Tag5054" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ugp:IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations" unitRef="BRL" id="Tag4682" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">387,981</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Cash and cash equivalents at the beginning of the year &#8211; continuing operations </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>4</span>.a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:CashAndCashEquivalents" unitRef="BRL" id="Tag5063" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,925,688</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20221231" name="ifrs-full:CashAndCashEquivalents" unitRef="BRL" id="Tag5043" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,621,769</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20211231" name="ifrs-full:CashAndCashEquivalents" unitRef="BRL" id="Tag5041" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,280,074</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Cash and cash equivalents at the beginning of the year &#8211; discontinuied operations </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20241231" name="ifrs-full:CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale" unitRef="BRL" id="Tag4999" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20231231" name="ifrs-full:CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale" unitRef="BRL" id="Tag5007" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20211231" name="ifrs-full:CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale" unitRef="BRL" id="Tag4703" decimals="-3" scale="3" format="ixt:num-dot-decimal">387,981</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Cash and cash equivalents at the end of the year &#8211; continuing operations </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>4</span>.a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:CashAndCashEquivalents" unitRef="BRL" id="Tag5040" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,071,593</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:CashAndCashEquivalents" unitRef="BRL" id="Tag1121" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,925,688</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20221231" name="ifrs-full:CashAndCashEquivalents" unitRef="BRL" id="Tag5003" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,621,769</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Cash and cash equivalents at the end of the year &#8211; discontinued operations </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20241231" name="ifrs-full:CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale" unitRef="BRL" id="Tag5090" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20231231" name="ifrs-full:CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale" unitRef="BRL" id="Tag4699" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale" unitRef="BRL" id="Tag1117" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Non-cash transactions: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Addition on right-of-use assets and leases payable </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>12</span>.a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:AdditionOnRightToUseAssetsAndLeasesPayable" unitRef="BRL" id="Tag5066" decimals="-3" scale="3" format="ixt:num-dot-decimal">342,332</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:AdditionOnRightToUseAssetsAndLeasesPayable" unitRef="BRL" id="Tag4718" decimals="-3" scale="3" format="ixt:num-dot-decimal">257,201</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:AdditionOnRightToUseAssetsAndLeasesPayable" unitRef="BRL" id="Tag5011" decimals="-3" scale="3" format="ixt:num-dot-decimal">482,439</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Addition on contractual assets with customers - exclusivity rights </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights" unitRef="BRL" id="Tag5089" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,627</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights" unitRef="BRL" id="Tag5035" decimals="-3" scale="3" format="ixt:num-dot-decimal">66,565</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights" unitRef="BRL" id="Tag5048" decimals="-3" scale="3" format="ixt:num-dot-decimal">63,061</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Reclassification between financial assets and investment in associates </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>11</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:AdjustmentsForNonCashReclassificationBetweenFinancialAssetsAndInvestmentInAssociates" unitRef="BRL" id="Tag5097" decimals="-3" scale="3" format="ixt:num-dot-decimal">645,333</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:AdjustmentsForNonCashReclassificationBetweenFinancialAssetsAndInvestmentInAssociates" unitRef="BRL" id="Tag5013" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231" name="ugp:AdjustmentsForNonCashReclassificationBetweenFinancialAssetsAndInvestmentInAssociates" unitRef="BRL" id="Tag4686" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Transfer between trade receivables and other assets accounts </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:NonCashTransferBetweenTradeReceivablesAndPropertyPlantAndEquipment" unitRef="BRL" id="Tag5001" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:NonCashTransferBetweenTradeReceivablesAndPropertyPlantAndEquipment" unitRef="BRL" id="Tag5079" decimals="-3" scale="3" format="ixt:num-dot-decimal">25,646</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231" name="ugp:NonCashTransferBetweenTradeReceivablesAndPropertyPlantAndEquipment" unitRef="BRL" id="Tag5061" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Issuance of shares related to the subscription warrants - indemnification - Extrafarma acquisition </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination" unitRef="BRL" id="Tag4984" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,452</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination" unitRef="BRL" id="Tag5012" decimals="-3" scale="3" format="ixt:num-dot-decimal">411</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination" unitRef="BRL" id="Tag5018" decimals="-3" scale="3" format="ixt:num-dot-decimal">942</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Acquisition of property, plant and equipment and intangible assets without cash effect </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect" unitRef="BRL" id="Tag5005" decimals="-3" scale="3" format="ixt:num-dot-decimal">42,180</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect" unitRef="BRL" id="Tag5026" decimals="-3" scale="3" format="ixt:num-dot-decimal">104,177</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231" name="ugp:AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect" unitRef="BRL" id="Tag4675" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Withdrawal of escrow deposits with tax contingencies </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:AdjustmentsForNonCashWithdrawalOfEscrowDepositsWithTaxContingencies" unitRef="BRL" id="Tag4692" decimals="-3" scale="3" format="ixt:num-dot-decimal">610,168</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20231231_35" name="ugp:AdjustmentsForNonCashWithdrawalOfEscrowDepositsWithTaxContingencies" unitRef="BRL" id="Tag5021" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231" name="ugp:AdjustmentsForNonCashWithdrawalOfEscrowDepositsWithTaxContingencies" unitRef="BRL" id="Tag5037" decimals="-3" scale="3" format="ixt:num-dot-decimal">41,888</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Contingent consideration &#8211; acquisition of subsidiaries </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20241231" name="ugp:AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries" unitRef="BRL" id="Tag5034" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20231231_35" name="ugp:AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries" unitRef="BRL" id="Tag5078" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries" unitRef="BRL" id="Tag5076" decimals="-3" scale="3" format="ixt:num-dot-decimal">89,640</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Capital increase performed by non-controlling interests </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20241231" name="ugp:NonCashContributionsOfNonControllingInterests" unitRef="BRL" id="Tag5088" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20231231_35" name="ugp:NonCashContributionsOfNonControllingInterests" unitRef="BRL" id="Tag4680" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:NonCashContributionsOfNonControllingInterests" unitRef="BRL" id="Tag5019" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,519</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Reversal fund - private pension </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20241231" name="ugp:AdjustmentsForNonCashReversionFundPrivatePension" unitRef="BRL" id="Tag5006" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20231231_35" name="ugp:AdjustmentsForNonCashReversionFundPrivatePension" unitRef="BRL" id="Tag1120" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ugp:AdjustmentsForNonCashReversionFundPrivatePension" unitRef="BRL" id="Tag4986" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,107</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><br/></span></p>
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The accompanying notes are an integral part of the financial statements.</span></p>
<p style="margin: 0pt;"><br/></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
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<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-14</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div><div id="Dqov6et37n5gte2f27rl5p" style="font-family: 'times new roman', times; font-size: 8pt;">
<div style="line-height: 1.1;">
<div style="border-right: none; border-left: none; line-height: 1.2;">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
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<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bs1a_163202522526207" class="customBookmark"></a><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bnote_2132025213221648" class="customBookmark"><span style="font-weight: bold;">Notes to the financial statements</span></a></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div>
<div style="background-color: #002060; margin: 12pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BSD_2_1422025175936302" class="customBookmark"></a></div>
<ix:nonNumeric contextRef="D20241231" name="ugp:DisclosureOfOperationsExplanatory" id="Tag5389" escape="true">
<div style="font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0pt; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1. Operations</span><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bdn122_1832025143859330" class="customBookmark">&#160;</a></div>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. (&#8220;Ultrapar&#8221; or &#8220;Company&#8221;) is a publicly-traded company headquartered at the Brigadeiro Lu&#237;s Ant&#244;nio Avenue, <span>1343</span> in the city of S&#227;o Paulo &#8211; SP, Brazil, listed on B<span>3</span> S.A. &#8211; Brasil, Bolsa, Balc&#227;o (&#8220;B<span>3</span>&#8221;), in the Novo Mercado listing segment under the ticker &#8220;UGPA<span>3</span>&#8221; and on the New York Stock Exchange (&#8220;NYSE&#8221;) in the form of level III American Depositary Receipts (&#8220;ADRs&#8221;) under the ticker &#8220;UGP&#8221;.</span></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company engages in the investment of its own capital in services, commercial and industrial activities, through the subscription or acquisition of shares of other companies. Through its subsidiaries, it operates on liquefied petroleum gas &#8211; LPG distribution (&#8220;Ultragaz&#8221;), fuel distribution and related businesses (&#8220;Ipiranga&#8221; or &#8220;IPP&#8221;) and storage services for liquid bulk (&#8220;Ultracargo&#8221;). The information on segments is disclosed in Note <span style="border-left: none; border-right: none; line-height: inherit;">24</span>. </span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">These financial statements were authorized for issuance by the </span><span style="font-size: 10pt; line-height: inherit;">Management</span><span style="font-size: 10pt; line-height: inherit;"> on </span><span style="font-size: 10pt; line-height: inherit;">April</span><span style="font-size: 10pt; line-height: inherit;"> 22</span><span style="font-size: 10pt; line-height: inherit;">, <span>2025</span>.</span></span></p>
<div style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BSD_5_142202518149316" class="customBookmark"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">a. Principles of consolidation and interest in subsidiaries </span></a></div>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a.<span>1</span> Principles of consolidation</span></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In the preparation of the consolidated financial statements the investments of <span>one</span> company in another, balances of asset and liability accounts, revenue transactions, costs and expenses were eliminated, as well as the effects of transactions conducted between the companies. Non-controlling interests in subsidiaries are presented within consolidated equity and net income.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Consolidation of a subsidiary begins when the Company obtains direct or indirect control over an entity and ceases when the company loses control. Income and expenses of a subsidiary acquired are included in the consolidated statements of income and of comprehensive income from the date the Company gains control. Income and expenses of a subsidiary, in which the Company loses control, are included in the consolidated statements of income and of comprehensive income until the date the Company loses control.</span></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with the Company&#8217;s accounting policies.</span></span><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;"><br/></span></span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>F-15</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
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<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important; line-height: inherit;">Notes to the financial statements</span></td>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div> </ix:exclude> </div>
<div><span style="text-indent: 0pt; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&#160;</span></div>
<div style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="text-indent: 0pt; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;">a.<span>2</span> Interest in subsidiaries </span></div>
<p style="margin: 0pt 0pt 8pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The consolidated financial statements include the following direct and indirect subsidiaries:</span></p>
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<table cellspacing="0" cellpadding="0" style="height: 433px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="10" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 41.7417%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Interest % rounded </span></p> </td>
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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 13.4259%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 13.4259%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 11.9574%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> 12/31/2022 </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; border-bottom-color: #000000 !important; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Location </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; border-bottom-color: #000000 !important; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Segment </span></p> </td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 5.97871%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Direct </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 5.97871%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Indirect </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 5.97871%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Direct </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 5.97871%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Indirect </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 5.97871%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Direct </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 5.97871%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> Indirect </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 41.0319%; font-size: 9pt;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;"><ix:nonNumeric contextRef="D20241231_UltraparMobilidadeLtdaMember" name="ifrs-full:NameOfSubsidiary" id="Tag1433" escape="false">Ultrapar Mobilidade Ltda.</ix:nonNumeric><span style="font-size: 7pt;"><sup>(15)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 8.02621%; font-size: 9pt;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_UltraparMobilidadeLtdaMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1717" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 8.02621%; font-size: 9pt;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_UltraparMobilidadeLtdaMember" name="ugp:BusinessSegment" id="Tag362" escape="false">Ipiranga</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; width: 5.97871%; margin: 0px; text-indent: 0px; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_UltraparMobilidadeLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1611" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.46843%; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; width: 5.97871%; margin: 0px; text-indent: 0px; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_UltraparMobilidadeLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag344" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.46843%; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; width: 5.97871%; margin: 0px; text-indent: 0px; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_UltraparMobilidadeLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1546" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.46843%; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; width: 5.97871%; margin: 0px; text-indent: 0px; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_UltraparMobilidadeLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag248" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; width: 1.46413%; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; width: 5.97871%; margin: 0px; text-indent: 0px; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_UltraparMobilidadeLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1498" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; width: 5.97871%; margin: 0px; text-indent: 0px; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_UltraparMobilidadeLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1473" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; width: 1.47493%; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.45pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_CentrodeConvenienciasMillenniumLtdaAndSubsidiariesMember" name="ifrs-full:NameOfSubsidiary" id="Tag1644" escape="false">Centro de Conveni&#234;ncias Millennium Ltda. and subsidiaries</ix:nonNumeric><span style="font-size: 7pt; line-height: inherit;"><sup>(17)</sup></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_CentrodeConvenienciasMillenniumLtdaAndSubsidiariesMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag243" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_CentrodeConvenienciasMillenniumLtdaAndSubsidiariesMember" name="ugp:BusinessSegment" id="Tag1905" escape="false">Ipiranga</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_CentrodeConvenienciasMillenniumLtdaAndSubsidiariesMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1514" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_CentrodeConvenienciasMillenniumLtdaAndSubsidiariesMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1445" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_CentrodeConvenienciasMillenniumLtdaAndSubsidiariesMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag375" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_CentrodeConvenienciasMillenniumLtdaAndSubsidiariesMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1672" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_CentrodeConvenienciasMillenniumLtdaAndSubsidiariesMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1580" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_CentrodeConvenienciasMillenniumLtdaAndSubsidiariesMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1552" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.45pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;"><ix:nonNumeric contextRef="D20241231_NeodieselLtdaMember" name="ifrs-full:NameOfSubsidiary" id="Tag1411" escape="false">Neodiesel Ltda.</ix:nonNumeric><span style="font-size: 7pt;"><sup>(<span>1</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_NeodieselLtdaMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1636" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_NeodieselLtdaMember" name="ugp:BusinessSegment" id="Tag1646" escape="false">Ipiranga</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_NeodieselLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag378" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_NeodieselLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag346" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_NeodieselLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1652" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_NeodieselLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1399" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_NeodieselLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1573" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_NeodieselLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1459" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 17.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_SerraDieselMember" name="ifrs-full:NameOfSubsidiary" id="Tag1735" escape="false">Serra Diesel Transportador Revendedor Retalhista Ltda.</ix:nonNumeric></span><span style="font-size: 7pt; line-height: inherit;"> <sup>(18)</sup></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_SerraDieselMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1424" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_SerraDieselMember" name="ugp:BusinessSegment" id="Tag250" escape="false">Ipiranga</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_SerraDieselMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1730" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_SerraDieselMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1630" decimals="2" scale="-2" format="ixt:num-dot-decimal">60</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_SerraDieselMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1475" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_SerraDieselMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1654" decimals="2" scale="-2" format="ixt:num-dot-decimal">60</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_SerraDieselMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1638" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_SerraDieselMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1631" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.45pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;"><ix:nonNumeric contextRef="D20241231_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:NameOfSubsidiary" id="Tag1914" escape="false">Ipiranga Produtos de Petr&#243;leo S.A.</ix:nonNumeric><span style="font-size: 7pt;"><sup>(<span>2</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1547" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IpirangaProdutosdePetroleoSAMember" name="ugp:BusinessSegment" id="Tag1525" escape="false">Ipiranga</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_IpirangaProdutosdePetroleoSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1517" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_IpirangaProdutosdePetroleoSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1574" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_IpirangaProdutosdePetroleoSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1508" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_IpirangaProdutosdePetroleoSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1413" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_IpirangaProdutosdePetroleoSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag825" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_IpirangaProdutosdePetroleoSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1513" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_AmPmComestveisLtdaMember" name="ifrs-full:NameOfSubsidiary" id="Tag370" escape="false">am/pm Comest&#237;veis Ltda.</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_AmPmComestveisLtdaMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1671" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_AmPmComestveisLtdaMember" name="ugp:BusinessSegment" id="Tag1736" escape="false">Ipiranga</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_AmPmComestveisLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1523" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_AmPmComestveisLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1634" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_AmPmComestveisLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1474" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AmPmComestveisLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag376" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AmPmComestveisLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1732" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_AmPmComestveisLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1439" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 20.8pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;"><ix:nonNumeric contextRef="D20241231_GlazedBrasilSAMember" name="ifrs-full:NameOfSubsidiary" id="Tag333" escape="false">Glazed Brasil S.A.</ix:nonNumeric><span style="font-size: 7pt;"><sup>(<span>3</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <span style="border-right: none; border-left: none; line-height: inherit;"><ix:nonNumeric contextRef="D20241231_GlazedBrasilSAMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1490" escape="false">Brazil</ix:nonNumeric></span> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_GlazedBrasilSAMember" name="ugp:BusinessSegment" id="Tag1470" escape="false">Ipiranga</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_GlazedBrasilSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag327" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GlazedBrasilSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag372" decimals="2" scale="-2" format="ixt:num-dot-decimal">55</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_GlazedBrasilSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1426" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_GlazedBrasilSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag832" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_GlazedBrasilSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag328" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_GlazedBrasilSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1449" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;"><ix:nonNumeric contextRef="D20241231_IcorbanCorrespondenteBancarioLtdaMember" name="ifrs-full:NameOfSubsidiary" id="Tag363" escape="false">Icorban - Correspondente Banc&#225;rio Ltda.</ix:nonNumeric> <span style="font-size: 7pt;"><sup>(<span>4</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IcorbanCorrespondenteBancarioLtdaMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1579" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IcorbanCorrespondenteBancarioLtdaMember" name="ugp:BusinessSegment" id="Tag1596" escape="false">Ipiranga</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_IcorbanCorrespondenteBancarioLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1917" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_IcorbanCorrespondenteBancarioLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1509" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_IcorbanCorrespondenteBancarioLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1549" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_IcorbanCorrespondenteBancarioLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1422" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_IcorbanCorrespondenteBancarioLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1626" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_IcorbanCorrespondenteBancarioLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1625" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 41.0319%;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IpirangaTradingLimitedMember" name="ifrs-full:NameOfSubsidiary" id="Tag1522" escape="false">Ipiranga Trading Limited</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 8.02621%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IpirangaTradingLimitedMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1615" escape="false">British Virgin Islands</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 8.02621%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IpirangaTradingLimitedMember" name="ugp:BusinessSegment" id="Tag821" escape="false">Ipiranga</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_IpirangaTradingLimitedMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1496" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_IpirangaTradingLimitedMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag244" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_IpirangaTradingLimitedMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1637" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_IpirangaTradingLimitedMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1639" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_IpirangaTradingLimitedMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1651" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_IpirangaTradingLimitedMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1659" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;"><ix:nonNumeric contextRef="D20241231_TropicalTransportesIpirangaLtdaMember" name="ifrs-full:NameOfSubsidiary" id="Tag1739" escape="false">Tropical Transportes Ipiranga Ltda.</ix:nonNumeric> <span style="font-size: 7pt;"><sup>(<span>5</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_TropicalTransportesIpirangaLtdaMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1584" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_TropicalTransportesIpirangaLtdaMember" name="ugp:BusinessSegment" id="Tag1729" escape="false">Ipiranga</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_TropicalTransportesIpirangaLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1727" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_TropicalTransportesIpirangaLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag377" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_TropicalTransportesIpirangaLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag361" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_TropicalTransportesIpirangaLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1648" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_TropicalTransportesIpirangaLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1527" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_TropicalTransportesIpirangaLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1530" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IpirangaImobiliriaLtdaMember" name="ifrs-full:NameOfSubsidiary" id="Tag1423" escape="false">Ipiranga Imobili&#225;ria Ltda.</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IpirangaImobiliriaLtdaMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag323" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IpirangaImobiliriaLtdaMember" name="ugp:BusinessSegment" id="Tag1437" escape="false">Ipiranga</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_IpirangaImobiliriaLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1612" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_IpirangaImobiliriaLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag340" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_IpirangaImobiliriaLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1621" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_IpirangaImobiliriaLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag356" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_IpirangaImobiliriaLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1455" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_IpirangaImobiliriaLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1587" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IpirangaLogsticaLtdaMember" name="ifrs-full:NameOfSubsidiary" id="Tag1737" escape="false">Ipiranga Log&#237;stica Ltda.</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IpirangaLogsticaLtdaMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1559" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IpirangaLogsticaLtdaMember" name="ugp:BusinessSegment" id="Tag1477" escape="false">Ipiranga</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_IpirangaLogsticaLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag234" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_IpirangaLogsticaLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag369" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_IpirangaLogsticaLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1435" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_IpirangaLogsticaLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1397" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_IpirangaLogsticaLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag341" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_IpirangaLogsticaLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1471" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 9.35pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OilTradingImportadoraExportadoraLtdaMember" name="ifrs-full:NameOfSubsidiary" id="Tag1418" escape="false">Oil Trading Importadora e Exportadora Ltda.</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OilTradingImportadoraExportadoraLtdaMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1568" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OilTradingImportadoraExportadoraLtdaMember" name="ugp:BusinessSegment" id="Tag1599" escape="false">Ipiranga</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_OilTradingImportadoraExportadoraLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1436" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_OilTradingImportadoraExportadoraLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1647" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_OilTradingImportadoraExportadoraLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1590" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_OilTradingImportadoraExportadoraLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1635" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_OilTradingImportadoraExportadoraLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1419" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_OilTradingImportadoraExportadoraLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1643" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IconicLubrificantesSAMember" name="ifrs-full:NameOfSubsidiary" id="Tag1515" escape="false">Iconic Lubrificantes S.A.</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IconicLubrificantesSAMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1414" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IconicLubrificantesSAMember" name="ugp:BusinessSegment" id="Tag337" escape="false">Ipiranga</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_IconicLubrificantesSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1564" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_IconicLubrificantesSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1581" decimals="2" scale="-2" format="ixt:num-dot-decimal">56</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_IconicLubrificantesSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1571" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_IconicLubrificantesSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1577" decimals="2" scale="-2" format="ixt:num-dot-decimal">56</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_IconicLubrificantesSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1467" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_IconicLubrificantesSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1469" decimals="2" scale="-2" format="ixt:num-dot-decimal">56</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 12px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IntegraFrotasLtdaMember" name="ifrs-full:NameOfSubsidiary" id="Tag351" escape="false">Integra Frotas Ltda.</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IntegraFrotasLtdaMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag338" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IntegraFrotasLtdaMember" name="ugp:BusinessSegment" id="Tag1556" escape="false">Ipiranga</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_IntegraFrotasLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag329" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_IntegraFrotasLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1520" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_IntegraFrotasLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1402" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_IntegraFrotasLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag330" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_IntegraFrotasLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag343" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_IntegraFrotasLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag325" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;"><ix:nonNumeric contextRef="D20241231_IrupeBiocombustiveisLtdaMember" name="ifrs-full:NameOfSubsidiary" id="Tag1560" escape="false">Irup&#233; Biocombust&#237;veis Ltda</ix:nonNumeric></span><span style="font-size: 7pt;"><sup><span style="line-height: inherit;">.(19)</span></sup></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IrupeBiocombustiveisLtdaMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1649" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IrupeBiocombustiveisLtdaMember" name="ugp:BusinessSegment" id="Tag1534" escape="false">Ipiranga</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_IrupeBiocombustiveisLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1670" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_IrupeBiocombustiveisLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1438" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_IrupeBiocombustiveisLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1665" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_IrupeBiocombustiveisLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1519" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_IrupeBiocombustiveisLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1655" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_IrupeBiocombustiveisLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag336" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 41.0319%;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;"><ix:nonNumeric contextRef="D20241231_IpirangaTradingNorthAmericaLlcMember" name="ifrs-full:NameOfSubsidiary" id="Tag1505" escape="false">Ipiranga Trading North America LLC.</ix:nonNumeric> <span style="font-size: 7pt;"><sup>(<span>6</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 8.02621%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IpirangaTradingNorthAmericaLlcMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1504" escape="false">United States</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 8.02621%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IpirangaTradingNorthAmericaLlcMember" name="ugp:BusinessSegment" id="Tag249" escape="false">Ipiranga</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_IpirangaTradingNorthAmericaLlcMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1493" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_IpirangaTradingNorthAmericaLlcMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1404" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_IpirangaTradingNorthAmericaLlcMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1482" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_IpirangaTradingNorthAmericaLlcMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1460" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_IpirangaTradingNorthAmericaLlcMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1591" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_IpirangaTradingNorthAmericaLlcMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag247" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IpirangaTradingMiddleEastDmccMember" name="ifrs-full:NameOfSubsidiary" id="Tag1476" escape="false">Ipiranga Trading Middle East DMCC</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IpirangaTradingMiddleEastDmccMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1452" escape="false">Dubai</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IpirangaTradingMiddleEastDmccMember" name="ugp:BusinessSegment" id="Tag1542" escape="false">Ipiranga</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_IpirangaTradingMiddleEastDmccMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag339" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_IpirangaTradingMiddleEastDmccMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1640" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_IpirangaTradingMiddleEastDmccMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1725" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_IpirangaTradingMiddleEastDmccMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1491" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_IpirangaTradingMiddleEastDmccMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag357" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_IpirangaTradingMiddleEastDmccMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1448" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;"><ix:nonNumeric contextRef="D20241231_IpirangaTradingEuropeSAMember" name="ifrs-full:NameOfSubsidiary" id="Tag1576" escape="false">Ipiranga Trading Europe S.A.</ix:nonNumeric> <span style="font-size: 7pt;"><sup>(<span>6</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IpirangaTradingEuropeSAMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1416" escape="false">Switzerland</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IpirangaTradingEuropeSAMember" name="ugp:BusinessSegment" id="Tag245" escape="false">Ipiranga</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_IpirangaTradingEuropeSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1734" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_IpirangaTradingEuropeSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1738" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_IpirangaTradingEuropeSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1518" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_IpirangaTradingEuropeSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1412" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_IpirangaTradingEuropeSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1405" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_IpirangaTradingEuropeSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1507" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;"><ix:nonNumeric contextRef="D20241231_EaiClubeAutomobilistaSAMember" name="ifrs-full:NameOfSubsidiary" id="Tag1555" escape="false">Ea&#237; Clube Automobilista S.A.</ix:nonNumeric><span style="font-size: 7pt;"><sup>(<span>7</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_EaiClubeAutomobilistaSAMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1400" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_EaiClubeAutomobilistaSAMember" name="ugp:BusinessSegment" id="Tag1593" escape="false">Ipiranga</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_EaiClubeAutomobilistaSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1918" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_EaiClubeAutomobilistaSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1407" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_EaiClubeAutomobilistaSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1427" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_EaiClubeAutomobilistaSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag382" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_EaiClubeAutomobilistaSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1740" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_EaiClubeAutomobilistaSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1623" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 20.8pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_AbasteceAiParticipacoesSAMember" name="ifrs-full:NameOfSubsidiary" id="Tag1551" escape="false">Abastece A&#237; Participa&#231;&#245;es S.A.</ix:nonNumeric> </span><span style="font-size: 7pt; line-height: inherit;"><sup>(20)</sup></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_AbasteceAiParticipacoesSAMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1586" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_AbasteceAiParticipacoesSAMember" name="ugp:BusinessSegment" id="Tag381" escape="false">Ipiranga</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_AbasteceAiParticipacoesSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1486" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_AbasteceAiParticipacoesSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1617" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_AbasteceAiParticipacoesSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1487" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AbasteceAiParticipacoesSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag366" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AbasteceAiParticipacoesSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1415" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AbasteceAiParticipacoesSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1544" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 39.2pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_AbasteceAiClubeAutomobilistaInstituicaoDePagamentoLtdaMember" name="ifrs-full:NameOfSubsidiary" id="Tag1417" escape="false">Abastece A&#237; Clube Automobilista Institui&#231;&#227;o de Pagamento Ltda.</ix:nonNumeric> </span><span style="font-size: 7pt; line-height: inherit;"><sup>(21)</sup></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_AbasteceAiClubeAutomobilistaInstituicaoDePagamentoLtdaMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1674" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_AbasteceAiClubeAutomobilistaInstituicaoDePagamentoLtdaMember" name="ugp:BusinessSegment" id="Tag1598" escape="false">Ipiranga</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_AbasteceAiClubeAutomobilistaInstituicaoDePagamentoLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1545" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_AbasteceAiClubeAutomobilistaInstituicaoDePagamentoLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1430" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_AbasteceAiClubeAutomobilistaInstituicaoDePagamentoLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1483" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AbasteceAiClubeAutomobilistaInstituicaoDePagamentoLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1613" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AbasteceAiClubeAutomobilistaInstituicaoDePagamentoLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1733" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AbasteceAiClubeAutomobilistaInstituicaoDePagamentoLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1650" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;"><ix:nonNumeric contextRef="D20241231_CompanhiaUltragazMember" name="ifrs-full:NameOfSubsidiary" id="Tag1668" escape="false">Companhia Ultragaz S.A.</ix:nonNumeric> <span style="font-size: 7pt;"><sup>(<span>8</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_CompanhiaUltragazMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1714" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_CompanhiaUltragazMember" name="ugp:BusinessSegment" id="Tag368" escape="false">Ultragaz</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_CompanhiaUltragazMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1713" decimals="2" scale="-2" format="ixt:num-dot-decimal">99</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_CompanhiaUltragazMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1583" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_CompanhiaUltragazMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1658" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_CompanhiaUltragazMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag349" decimals="2" scale="-2" format="ixt:num-dot-decimal">99</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_CompanhiaUltragazMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1582" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_CompanhiaUltragazMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1667" decimals="2" scale="-2" format="ixt:num-dot-decimal">99</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 7.35pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;"><ix:nonNumeric contextRef="D20241231_UltragazParticipacoesLtdaMember" name="ifrs-full:NameOfSubsidiary" id="Tag1506" escape="false">Ultragaz Participa&#231;&#245;es Ltda.</ix:nonNumeric> <span style="font-size: 7pt;"><sup>(<span>8</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_UltragazParticipacoesLtdaMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1443" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_UltragazParticipacoesLtdaMember" name="ugp:BusinessSegment" id="Tag1528" escape="false">Ultragaz</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_UltragazParticipacoesLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1431" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_UltragazParticipacoesLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag380" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_UltragazParticipacoesLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1540" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_UltragazParticipacoesLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1425" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltragazParticipacoesLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1456" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_UltragazParticipacoesLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1429" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_UltragazEnergiaLtdaMember" name="ifrs-full:NameOfSubsidiary" id="Tag1543" escape="false">Ultragaz Energia Ltda. and subsidiaries</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_UltragazEnergiaLtdaMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1532" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_UltragazEnergiaLtdaMember" name="ugp:BusinessSegment" id="Tag1539" escape="false">Ultragaz</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_UltragazEnergiaLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag326" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_UltragazEnergiaLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1592" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_UltragazEnergiaLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1533" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_UltragazEnergiaLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1458" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_UltragazEnergiaLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag331" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltragazEnergiaLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag371" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_NovaParanaDistribuidoraDeGasLtdaMember" name="ifrs-full:NameOfSubsidiary" id="Tag1594" escape="false">Nova Paran&#225; Distribuidora de G&#225;s Ltda.</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_NovaParanaDistribuidoraDeGasLtdaMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1454" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_NovaParanaDistribuidoraDeGasLtdaMember" name="ugp:BusinessSegment" id="Tag1510" escape="false">Ultragaz</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_NovaParanaDistribuidoraDeGasLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1575" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_NovaParanaDistribuidoraDeGasLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1453" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_NovaParanaDistribuidoraDeGasLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag355" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_NovaParanaDistribuidoraDeGasLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1408" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_NovaParanaDistribuidoraDeGasLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1409" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_NovaParanaDistribuidoraDeGasLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1663" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_UtingasArmazenadoraMember" name="ifrs-full:NameOfSubsidiary" id="Tag1578" escape="false">Uting&#225;s Armazenadora S.A.</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_UtingasArmazenadoraMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1537" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_UtingasArmazenadoraMember" name="ugp:BusinessSegment" id="Tag1462" escape="false">Ultragaz</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_UtingasArmazenadoraMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag367" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_UtingasArmazenadoraMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1451" decimals="2" scale="-2" format="ixt:num-dot-decimal">57</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_UtingasArmazenadoraMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1495" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_UtingasArmazenadoraMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1661" decimals="2" scale="-2" format="ixt:num-dot-decimal">57</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_UtingasArmazenadoraMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1622" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UtingasArmazenadoraMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1421" decimals="2" scale="-2" format="ixt:num-dot-decimal">57</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_BahianaDistribuidoraDeGasLtdaMember" name="ifrs-full:NameOfSubsidiary" id="Tag1724" escape="false">Bahiana Distribuidora de G&#225;s Ltda.</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_BahianaDistribuidoraDeGasLtdaMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag360" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_BahianaDistribuidoraDeGasLtdaMember" name="ugp:BusinessSegment" id="Tag1718" escape="false">Ultragaz</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_BahianaDistribuidoraDeGasLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1502" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_BahianaDistribuidoraDeGasLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1489" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_BahianaDistribuidoraDeGasLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1675" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_BahianaDistribuidoraDeGasLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1521" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_BahianaDistribuidoraDeGasLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1481" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_BahianaDistribuidoraDeGasLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1441" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 41.0319%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;"><ix:nonNumeric contextRef="D20241231_LPGInternationalIncMember" name="ifrs-full:NameOfSubsidiary" id="Tag1723" escape="false">LPG International Inc.</ix:nonNumeric><span style="font-size: 7pt;"><sup>(<span>12</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 8.02621%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_LPGInternationalIncMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag241" escape="false">Cayman Islands</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 8.02621%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_LPGInternationalIncMember" name="ugp:BusinessSegment" id="Tag1468" escape="false">Ultragaz</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_LPGInternationalIncMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag359" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_LPGInternationalIncMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1420" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_LPGInternationalIncMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1618" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_LPGInternationalIncMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag324" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LPGInternationalIncMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1715" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_LPGInternationalIncMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1719" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; font-size: 9pt; width: 41.0319%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_NeogasGroupMember" name="ifrs-full:NameOfSubsidiary" id="Tag1722" escape="false">NEOg&#225;s do Brasil G&#225;s Natural Comprimido S.A.</ix:nonNumeric> </span><span style="font-size: 7pt; line-height: inherit;"><sup>(22)</sup></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; font-size: 9pt; width: 8.02621%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_NeogasGroupMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1406" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; font-size: 9pt; width: 8.02621%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_NeogasGroupMember" name="ugp:BusinessSegment" id="Tag1562" escape="false">Ultragaz</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_NeogasGroupMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1563" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_NeogasGroupMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1526" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_NeogasGroupMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1662" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_NeogasGroupMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1434" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 1.46413%;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_NeogasGroupMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1548" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_NeogasGroupMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1558" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 1.47493%;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;"><ix:nonNumeric contextRef="D20241231_WtzParticipacoesSAMember" name="ifrs-full:NameOfSubsidiary" id="Tag1457" escape="false">Wtz Participa&#231;&#245;es S.A.</ix:nonNumeric><span style="font-size: 7pt;"><sup>(<span>9</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_WtzParticipacoesSAMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1557" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_WtzParticipacoesSAMember" name="ugp:BusinessSegment" id="Tag1588" escape="false">Ultragaz</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_WtzParticipacoesSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1472" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_WtzParticipacoesSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1614" decimals="2" scale="-2" format="ixt:num-dot-decimal">52</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_WtzParticipacoesSAMember_1" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1653" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_WtzParticipacoesSAMember_1" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1480" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_WtzParticipacoesSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1774" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_WtzParticipacoesSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1410" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_UVCInvestimentosLtdaMember" name="ifrs-full:NameOfSubsidiary" id="Tag1721" escape="false">UVC Investimentos Ltda.</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_UVCInvestimentosLtdaMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag365" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_UVCInvestimentosLtdaMember" name="ugp:BusinessSegment" id="Tag1597" escape="false">Others</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_UVCInvestimentosLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1620" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_UVCInvestimentosLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1561" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_UVCInvestimentosLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1398" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_UVCInvestimentosLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1645" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UVCInvestimentosLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1664" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_UVCInvestimentosLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1516" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonNumeric contextRef="D20241231_UltracargoOperacoesLogisticasParticipacoesLtdaMember" name="ifrs-full:NameOfSubsidiary" id="Tag1632" escape="false">Ultrapar Log&#237;stica Ltda.</ix:nonNumeric></span><span style="line-height: inherit;"><span style="font-size: 7pt;"><sup>(<span>10</span>)</sup></span></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_UltracargoOperacoesLogisticasParticipacoesLtdaMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1628" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_UltracargoOperacoesLogisticasParticipacoesLtdaMember" name="ugp:BusinessSegment" id="Tag1619" escape="false">Ultracargo</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_UltracargoOperacoesLogisticasParticipacoesLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1633" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_UltracargoOperacoesLogisticasParticipacoesLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag379" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_UltracargoOperacoesLogisticasParticipacoesLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1624" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_UltracargoOperacoesLogisticasParticipacoesLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag332" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltracargoOperacoesLogisticasParticipacoesLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1629" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_UltracargoOperacoesLogisticasParticipacoesLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1461" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_UltracargoLogisticaSAMember" name="ifrs-full:NameOfSubsidiary" id="Tag1627" escape="false">Ultracargo Log&#237;stica S.A.</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_UltracargoLogisticaSAMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag345" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_UltracargoLogisticaSAMember" name="ugp:BusinessSegment" id="Tag1488" escape="false">Ultracargo</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_UltracargoLogisticaSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1401" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_UltracargoLogisticaSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1589" decimals="2" scale="-2" format="ixt:num-dot-decimal">99</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_UltracargoLogisticaSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1642" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_UltracargoLogisticaSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1915" decimals="2" scale="-2" format="ixt:num-dot-decimal">99</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_UltracargoLogisticaSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1731" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltracargoLogisticaSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1479" decimals="2" scale="-2" format="ixt:num-dot-decimal">99</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 20.8pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_UltracargoSolucoesLogisticasSAMember" name="ifrs-full:NameOfSubsidiary" id="Tag1444" escape="false">Ultracargo Solu&#231;&#245;es Log&#237;sticas S.A.</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_UltracargoSolucoesLogisticasSAMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1524" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%; text-align: center;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_UltracargoSolucoesLogisticasSAMember" name="ugp:BusinessSegment" id="Tag348" escape="false">Ultracargo</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_UltracargoSolucoesLogisticasSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1657" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_UltracargoSolucoesLogisticasSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag335" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_UltracargoSolucoesLogisticasSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1553" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_UltracargoSolucoesLogisticasSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1550" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_UltracargoSolucoesLogisticasSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1466" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltracargoSolucoesLogisticasSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1512" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 11px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;"><ix:nonNumeric contextRef="D20241231_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember_1" name="ifrs-full:NameOfSubsidiary" id="Tag1660" escape="false">TEAS &#8211; Terminal Exportador de &#193;lcool de Santos Ltda.</ix:nonNumeric></span> <span style="font-size: 7pt;"><sup>(<span>13</span>)</sup></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember_1" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1403" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px; font-size: 9pt; width: 8.02621%; text-align: center;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember_1" name="ugp:BusinessSegment" id="Tag342" escape="false">Ultracargo</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember_1" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1450" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember_1" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1569" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember_1" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1716" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember_1" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1499" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1728" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1440" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_UltraparInternationalSAMember" name="ifrs-full:NameOfSubsidiary" id="Tag358" escape="false">Ultrapar International S.A.</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_UltraparInternationalSAMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1501" escape="false">Luxembourg</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_UltraparInternationalSAMember" name="ugp:BusinessSegment" id="Tag1497" escape="false">Others</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_UltraparInternationalSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1554" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_UltraparInternationalSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag246" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_UltraparInternationalSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1595" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_UltraparInternationalSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1656" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltraparInternationalSAMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1484" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_UltraparInternationalSAMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1511" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-right: none; border-left: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-right: none; border-left: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonNumeric contextRef="D20241231_ImavenImoveisLtdaMember" name="ifrs-full:NameOfSubsidiary" id="Tag1673" escape="false">Imaven Im&#243;veis Ltda.</ix:nonNumeric></span></span></span></span></span><span style="line-height: inherit;"><span style="font-size: 7pt;"><sup>(<span>14</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_ImavenImoveisLtdaMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag352" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_ImavenImoveisLtdaMember" name="ugp:BusinessSegment" id="Tag364" escape="false">Others</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_ImavenImoveisLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1669" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_ImavenImoveisLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag347" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_ImavenImoveisLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1538" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_ImavenImoveisLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1535" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_ImavenImoveisLtdaMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1485" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ImavenImoveisLtdaMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1585" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;"><ix:nonNumeric contextRef="D20241231_UVCFundoDeInvestimentoEmParticipacoesMultiestrategiaInvestimenToNoExteriorMember" name="ifrs-full:NameOfSubsidiary" id="Tag1442" escape="false">UVC - Fundo de investimento em participa&#231;&#245;es multiestrat&#233;gia investimento no exterior</ix:nonNumeric> <span style="font-size: 7pt;"><sup>(<span>11</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_UVCFundoDeInvestimentoEmParticipacoesMultiestrategiaInvestimenToNoExteriorMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1500" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_UVCFundoDeInvestimentoEmParticipacoesMultiestrategiaInvestimenToNoExteriorMember" name="ugp:BusinessSegment" id="Tag1720" escape="false">Others</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_UVCFundoDeInvestimentoEmParticipacoesMultiestrategiaInvestimenToNoExteriorMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1541" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_UVCFundoDeInvestimentoEmParticipacoesMultiestrategiaInvestimenToNoExteriorMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1529" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_UVCFundoDeInvestimentoEmParticipacoesMultiestrategiaInvestimenToNoExteriorMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1428" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_UVCFundoDeInvestimentoEmParticipacoesMultiestrategiaInvestimenToNoExteriorMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag383" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UVCFundoDeInvestimentoEmParticipacoesMultiestrategiaInvestimenToNoExteriorMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1492" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_UVCFundoDeInvestimentoEmParticipacoesMultiestrategiaInvestimenToNoExteriorMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1503" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_SermaAssDosUsuariosEquipProcDeDadosMember" name="ifrs-full:NameOfSubsidiary" id="Tag334" escape="false">SERMA - Ass. dos usu&#225;rios equip. proc. de dados</ix:nonNumeric> </span><span style="font-size: 7pt; line-height: inherit;"><sup>(16)</sup></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_SermaAssDosUsuariosEquipProcDeDadosMember" name="ifrs-full:PrincipalPlaceOfBusinessOfSubsidiary" id="Tag1432" escape="false">Brazil</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_SermaAssDosUsuariosEquipProcDeDadosMember" name="ugp:BusinessSegment" id="Tag242" escape="false">Others</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_SermaAssDosUsuariosEquipProcDeDadosMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1536" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_SermaAssDosUsuariosEquipProcDeDadosMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag1641" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_SermaAssDosUsuariosEquipProcDeDadosMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1447" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_SermaAssDosUsuariosEquipProcDeDadosMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag350" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_SermaAssDosUsuariosEquipProcDeDadosMember" name="ugp:DirectControlInterestPercentage" unitRef="Pure" id="Tag1616" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_SermaAssDosUsuariosEquipProcDeDadosMember" name="ugp:IndirectControlInterestPercentage" unitRef="Pure" id="Tag373" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr> </tbody> </table> </div>
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<ix:exclude>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>F-16</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
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<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important; line-height: inherit;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div>
<p xmlns="http://www.w3.org/1999/xhtml" style="margin:0pt"><br/></p> </ix:exclude> </div>
<div style="border-right: none; border-left: none;">
<table style="width: 100%; margin-left: 0.1px; height: 369px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
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<td style="width: 3%; height: 10px; vertical-align: top;" valign="top"><span style="font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; vertical-align: super; line-height: inherit;">(<span>1</span>)</span><sup><sup> </sup></sup></span></td>
<td style="width: 97%; height: 10px; text-align: justify; vertical-align: top;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote18" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">Company established on May 16, 2024 with the purpose of holding interests in other companies.</span></ix:footnote></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<span>2</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote19" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">On January 2, 2024, direct subsidiary </span>Ipiranga Produtos<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> de </span>Petr&#243;leo<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> S.A. (&#8220;</span>Ipiranga<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">&#8221;) became controlled by </span>Ultrapar Mobilidade Ltda<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">.</span></ix:footnote></span></td> </tr>
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<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<span>3</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote20" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">Company </span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">(&#8220;Krispy Kreme&#8221;) </span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">established on March 8, 2024, engaged in the wholesale and retail trade, manufacture, storage, export and import of natural and industrialized food products.</span></ix:footnote></span></td> </tr>
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<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">(<span>4</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote21" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">On August 1, 2024, the merger of the company into </span>Ipiranga<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> was approved.</span></ix:footnote></span></td> </tr>
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<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<span>5</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote6" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">On November 1, 2024, the merger of the company into </span>Ipiranga<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> was approved.</span></ix:footnote></span></td> </tr>
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<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<span>6</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote5" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">Companies established as Ipiranga&#8217;s subsidiaries in foreign countries</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;"> (Ipiranga Trading North America LLC. established on February 28, 2024, Ipiranga Trading Europe S.A. established on January 12, 2024)</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">, engaged in the commercial representation, trade, export and import of fuels.</span></ix:footnote></span></td> </tr>
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<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<span>7</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote22" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">On January 2, 2024, direct subsidiary </span>Ea&#237; Clube Automobilista<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> S.A. started to be controlled by </span>Ipiranga<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">.</span></ix:footnote></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<span>8</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote4" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">On August 1, 2024, the merger of the company into Companhia Ultragaz S.A. was approved</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">, which became direct </span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">subsidiary</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;"> of Ultrapar</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">.</span></ix:footnote></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<span>9</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote23" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">On September 1, 2024, the Company, through its subsidiary </span>Companhia Ultragaz<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> S.A., acquired a <ix:nonFraction contextRef="I20240901_CompanhiaUltragazMember_WtzParticipacoesSAMember" name="ifrs-full:PercentageOfVotingEquityInterestsAcquired" unitRef="Pure" id="Tag354" decimals="2" scale="-2" format="ixt:num-dot-decimal">52</ix:nonFraction>% interest in </span>Wtz Participa&#231;&#245;es<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> S.A.</span></ix:footnote></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">(<span>10</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote24" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">On February 19, 2024, the name of subsidiary </span>Ultracargo Opera&#231;&#245;es Log&#237;sticas<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> e </span>Participa&#231;&#245;es Ltda<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">. was changed to </span>Ultrapar Log&#237;stica Ltda<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">.</span></ix:footnote></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">(<span>1</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;"><span>1</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote25" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">On Dece</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">mber <span>10</span>, <span>2024</span>, the Company transferred your total shares to UVC Investimentos Ltda.</span></ix:footnote></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">(<span>1</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;"><span>2</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote3" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">On June 30, 2023, the Company was dissolved.</span></ix:footnote></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">(<span>1</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;"><span>3</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote2" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">On April 27, 2023, the Company was merged into </span>Ultracargo Log&#237;stica<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> S.A.</span></ix:footnote></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">(<span>1</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;"><span>4</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote87" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">On April 28, 2023, </span>Imaven Im&#243;veis Ltda<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">. (&#8220;</span>Imaven<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">&#8221;), performed a partial spin-off of its assets, and the spin-off part was merged into the equity of the subsidiary </span>Ipiranga Produtos<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> de </span>Petr&#243;leo<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> S.A. On May 1, </span>Imaven<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> became directly controlled by </span>Ultrapar<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">. The entire transaction was carried out under common control.</span></ix:footnote></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<span>15</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote26" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">Company established on February 28, 2023, with the purpose of holding interests in other companies. On October 2, 2023, the name of subsidiary </span>Ultrapar Empreendimentos Ltda<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">. was changed to </span>Ultrapar Mobilidade Ltda<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">.</span></ix:footnote></span></td> </tr>
<tr style="height: 14px;">
<td style="vertical-align: top; height: 14px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(16</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">)</span></td>
<td style="text-align: justify; vertical-align: top; height: 14px;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote27" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; line-height: inherit;"> On December 28, 2023, the
Company was dissolved. </span></ix:footnote></span></td> </tr>
<tr style="height: 14px;">
<td style="vertical-align: top; height: 14px;" valign="top"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">(17</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">)</span></td>
<td style="text-align: justify; vertical-align: top; height: 14px;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote28" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; line-height: inherit;"> On October 2, 2023, Centro de
Conveni&#234;ncias Millennium Ltda. and subsidiaries became directly controlled by Ultrapar
Mobilidade Ltda. </span></ix:footnote></span></td> </tr>
<tr style="height: 29px;">
<td style="vertical-align: top; height: 29px;" valign="top"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">(18</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">)</span></td>
<td style="text-align: justify; vertical-align: top; height: 29px;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote29" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; line-height: inherit;"> On May 21, 2023, the Company,
through its subsidiary Ultrapar Empreendimentos Ltda., signed an agreement for
the acquisition of a <ix:nonFraction contextRef="I20230521_UltraparEmpreendimentosLtdaMember_SerraDieselGroupMember" name="ifrs-full:PercentageOfVotingEquityInterestsAcquired" unitRef="Pure" id="Tag70" decimals="2" scale="-2" format="ixt:num-dot-decimal">60</ix:nonFraction>% interest in Serra Diesel Transportador Revendedor
Retalhista Ltda. The closing of the transaction occurred on September 1, 2023. </span></ix:footnote></span></td> </tr>
<tr style="height: 16px;">
<td style="vertical-align: top; height: 16px;" valign="top"><span style="font-weight: bold; line-height: inherit;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">(19)</span></span><br/></td>
<td style="text-align: justify; vertical-align: top; height: 16px;" valign="top">
<p style="margin: 0in; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: black; line-height: inherit;"><span><ix:footnote xml:lang="en-US" id="footnote30" footnoteRole="http://www.xbrl.org/2003/role/footnote">Company established on October 2, 2023, engaged in the production,
sale, import and export of biofuels, fertilizers and other agricultural inputs.</ix:footnote></span></span></p> </td> </tr>
<tr style="height: 16px;">
<td style="vertical-align: top; height: 16px;" valign="top"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">(20</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">)</span></td>
<td style="text-align: justify; vertical-align: top; height: 16px;" valign="top">
<p style="margin: 0in; text-align: left; font-size: 11pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: black; line-height: inherit;"><span><ix:footnote xml:lang="en-US" id="footnote31" footnoteRole="http://www.xbrl.org/2003/role/footnote">Company established on June 1, 2023 with the purpose of holding
interests in other companies.</ix:footnote></span></span></p> </td> </tr>
<tr style="height: 14px;">
<td style="vertical-align: top; height: 14px;" valign="top"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">(21</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">)</span></td>
<td style="text-align: justify; vertical-align: top; height: 14px;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote38" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; line-height: inherit;"> On April 13, 2023, the company
was acquired by Ea&#237; Clube Automobilista S.A. The acquisition was made at book
value. </span></ix:footnote></span></td> </tr>
<tr style="height: 32px;">
<td style="vertical-align: top; height: 32px;" valign="top"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">(22</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">)</span></td>
<td style="text-align: justify; vertical-align: top; height: 32px;" valign="top">
<p style="margin: 0in; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: black; line-height: inherit;"><span><ix:footnote xml:lang="en-US" id="footnote1" footnoteRole="http://www.xbrl.org/2003/role/footnote">On November 21, 2022, Ultrapar through its subsidiary Companhia
Ultragaz S.A., signed an agreement for the acquisition of all shares of NEOg&#225;s
do Brasil G&#225;s Natural Comprimido S.A. The closing of the acquisition occurred
on February 1, 2023.</ix:footnote></span></span></p> </td> </tr> </tbody> </table> </div> </ix:nonNumeric> </div>
<div>
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml">
<p style="margin:0pt"><br/></p>
<table style="width: 100%; height: 14px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr style="height: 14px;">
<td class="pgno" style="padding: 0px; text-align: center; height: 14px;"><span style="font-size: 10pt;" class="pageno"><span>F-17</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<table xmlns="http://www.w3.org/1999/xhtml" style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important; line-height: inherit;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span style="line-height: inherit;">2023</span> and <span style="line-height: inherit;">2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table>
<p xmlns="http://www.w3.org/1999/xhtml" style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><br/></p> </ix:exclude>
<p><span style="font-size: 10pt; font-style: italic; font-weight: bold; font-family: 'times new roman', times;">b. Main events that occurred in the year</span></p> </div>
<p style="margin: 0pt;"> <br/></p>
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt;">b</span>.<span>1</span> </span><span style="font-style: italic; font-weight: bold; line-height: inherit;">Acquisition of significant stake in Hidrovias</span></span><br/> </p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">In the year ended December 31, 2024, the Company, through its subsidiary Ultrapar Log&#237;stica, acquired a significant stake in Hidrovias do Brasil S.A. (&#8220;Hidrovias&#8221;), in line with Ultrapar's strategy of expanding its presence in sectors exposed to Brazilian agribusiness, mainly in the Midwest and North regions, investing in companies in which it can contribute strategic, operational, administrative</span><span style="line-height: inherit;">,</span><span style="line-height: inherit;"> and financial knowledge, being a strategic and long-term reference shareholder. For further information, see Note <span>2</span></span><span style="line-height: inherit;"><span>7</span></span><span style="line-height: inherit;">.a.</span></span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">b.<span>2</span> </span><span style="font-style: italic; font-weight: bold; line-height: inherit;">Acquisition of interest in Witzler by Ultragaz</span></span></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">On September 1, 2024, through its subsidiary Ultragaz, the Company acquired a <ix:nonFraction contextRef="I20240901_CompanhiaUltragazMember_WtzParticipacoesSAMember" name="ifrs-full:PercentageOfVotingEquityInterestsAcquired" unitRef="Pure" id="Tag1570" decimals="3" scale="-2" format="ixt:num-dot-decimal">51.7</ix:nonFraction>% interest in Witzler Participa&#231;&#245;es S.A. (&#8220;Witzler&#8221;). The acquisition value was R$ <span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonFraction contextRef="D20240901_CompanhiaUltragazMember_WtzParticipacoesSAMember" name="ugp:BusinessCombinationPriceOfAcquisitionExpectedUponPurchaseAndSaleAgreement" unitRef="BRL" id="Tag1726" decimals="-3" scale="3" format="ixt:num-dot-decimal">104,490</ix:nonFraction></span></span><span style="line-height: inherit;">, of which R$ <span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonFraction contextRef="D20240901_CompanhiaUltragazMember_WtzParticipacoesSAMember" name="ugp:PrimaryContributionPaid" unitRef="BRL" id="Tag1572" decimals="-6" scale="6" format="ixt:num-dot-decimal">49,490</ix:nonFraction></span></span><span style="line-height: inherit;"> million was contributed to the acquired company through a capital increase and R$ <span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonFraction contextRef="D20240901_CompanhiaUltragazMember_WtzParticipacoesSAMember" name="ugp:BusinessCombinationPaymentsForPurchasePriceAdjustments" unitRef="BRL" id="Tag1446" decimals="-3" scale="3" format="ixt:num-dot-decimal">55,000</ix:nonFraction></span></span><span style="line-height: inherit;">,</span><span style="line-height: inherit;"> was paid considering price adjustments at the closing of the transaction. In addition, there is a portion of R$ <span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonFraction contextRef="I20240901_CompanhiaUltragazMember_WtzParticipacoesSAMember" name="ifrs-full:ContingentConsiderationRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag353" decimals="-3" scale="3" format="ixt:num-dot-decimal">45,384</ix:nonFraction></span></span><span style="line-height: inherit;"> subject to certain performance conditions to be measured within up to <span>12</span> months. For further information, see Note <span>2</span></span><span style="line-height: inherit;"><span>7</span></span><span style="line-height: inherit;">.b</span></span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">b.<span>3</span> Acquisition </span><span style="font-style: italic; font-weight: bold; line-height: inherit;">of service stations from P&#227;o de A&#231;&#250;car Group by subsidiary Millennium</span></span></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">On June 10, 2024, through its subsidiary Centro de Conveni&#234;ncias Millenium Ltda., the Company signed a contract for the acquisition of <ix:nonFraction contextRef="D20240610_CentroDeConveninciasMillenniumLtdaMember_PaoDeAcucarGroupStationsMember" name="ugp:NumberOfServiceStations" unitRef="Item" id="Tag1666" decimals="0" format="ixt:num-dot-decimal">49</ix:nonFraction> service stations from P&#227;o de A&#231;&#250;car Group, located in the state of S&#227;o Paulo, for R$ <span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonFraction contextRef="D20240610_CentroDeConveninciasMillenniumLtdaMember_PaoDeAcucarGroupStationsMember" name="ugp:BusinessCombinationPriceOfAcquisitionExpectedUponPurchaseAndSaleAgreement" unitRef="BRL" id="Tag1494" decimals="-3" scale="3" format="ixt:num-dot-decimal">130,000</ix:nonFraction></span></span><span style="line-height: inherit;">. CADE approved the transaction on July 22, 2024. On August 13, 2024, R$ <ix:nonFraction contextRef="D20240813_CentroDeConveninciasMillenniumLtdaMember_PaoDeAcucarGroupStationsMember" name="ugp:PrimaryContributionPaid" unitRef="BRL" id="Tag374" decimals="-3" scale="3" format="ixt:num-dot-decimal">90,000</ix:nonFraction> was paid as an advance</span> <span style="line-height: inherit;">and no other changes occurred up to December 31, 2024</span><span style="line-height: inherit;">. The closing of the transaction is subject to other precedent conditions.</span></span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b.<span>4</span> Share buyback program</span></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On November 28, 2024, the Board of Directors approved the Buyback Program of Shares issued by Ultrapar (&#8220;Program&#8221;).</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The Program is limited to the maximum acquisition of <ix:nonFraction contextRef="I20241128" name="srt:StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased" unitRef="Shares" id="Tag1478" decimals="0" format="ixt:num-dot-decimal">25,000,000</ix:nonFraction> common shares and will be effective for up to <span>12</span> months starting on December 2, 2024. For further information, see Note <span>20</span>.c</span><span style="line-height: inherit;">.</span></span></p> </ix:nonNumeric>
<div style="line-height: 1.2;"><br/></div>
<div style="line-height: 1.2;">
<div id="t_ft_LBNWL1QGBK00000000000000000000b">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>F-18</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div> </div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="line-height: 1.2;">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important; line-height: inherit;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><span style="font-size: 10pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, 2023 and 2022</span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><br/></td> </tr> </tbody> </table>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p>
<ix:nonNumeric contextRef="D20241231" name="ugp:DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesTextBlock" id="Tag5386" escape="true">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #002060; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BN2_1632025175739429" class="customBookmark"></a><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BN2_1632025175741899" class="customBookmark"><span style="font-size: 10pt; line-height: inherit;"><span style="color: #ffffff; font-weight: bold; line-height: inherit;">2. Basis of preparation and presentation of consolidated financial statements</span> </span></a></div>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The consolidated financial statements (&#8220;financial statements&#8221;) have been prepared in accordance with the International Financial Reporting Standards (&#8220;IFRS</span><span style="line-height: inherit;"> Accounting Standards</span><span style="line-height: inherit;">&#8221;) issued by the International Accounting Standards Board (&#8220;IASB&#8221;).</span></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The financial statements were prepared and are presented:</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p>
<table style="height: 63px; width: 100%; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin-left: 0.1px;">
<tbody>
<tr style="height: 23px;">
<td style="height: 23px; width: 2%;"><br/></td>
<td style="vertical-align: top; height: 23px; width: 3%;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">a.</span></td>
<td style="padding: 1px 1px 10px; height: 23px; width: 95%; text-align: justify;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">using consistent accounting policies and practices for<span style="line-height: inherit;">&#160;</span></span>Ultrapar<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;"><span style="line-height: inherit;">&#160;</span>and its subsidiaries in all the years presented in these financial statements.</span></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px;"><br/></td>
<td style="vertical-align: top; height: 10px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">b.</span></td>
<td style="padding: 1px 1px 10px; height: 10px; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="color: #000000; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">in thousands of Brazilian </span>Reais<span style="color: #000000; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;"> (&#8220;R$&#8221;), which is the Company&#8217;s functional currency, unless otherwise stated.</span></span></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px;"><br/></td>
<td style="vertical-align: top; height: 10px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">c.</span></td>
<td style="padding: 1px 1px 10px; height: 10px; text-align: justify;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">considering all relevant information of the financial statements, and only this information, which was disclosed and corresponds to that used by the Company&#8217;s and its subsidiaries&#8217; Management.</span></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px;"><br/></td>
<td style="vertical-align: top; height: 10px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">d.</span></td>
<td style="padding: 1px 1px 10px; text-align: justify; height: 10px;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="color: #000000; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">according to Management&#8217;s judgments, estimates</span><span style="color: #000000; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">,</span><span style="color: #000000; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;"> and assumptions in the application of accounting policies that affect the reported amounts of income, expenses, assets</span><span style="color: #000000; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">,</span><span style="color: #000000; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;"> and liabilities, including contingent liabilities. The uncertainty related to these judgments, assumptions and estimates could lead to results that require a significant adjustment to the carrying amount of certain assets and liabilities in future years.</span></span></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px;"><br/></td>
<td style="vertical-align: top; height: 10px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">e.</span></td>
<td style="height: 10px; text-align: justify;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">based the historical cost, except for the following material items recognized in the statements of financial position:</span></td> </tr> </tbody> </table>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; height: 48px;">
<tbody>
<tr style="height: 16px;">
<td style="text-align: center; vertical-align: top; height: 16px; width: 5%;"><br/></td>
<td style="vertical-align: top; height: 16px; text-align: left; width: 4%;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(i)</span></td>
<td style="vertical-align: top; height: 16px; padding: 1px 1px 1px 8px; width: 91%;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">derivative and non-derivative financial instruments measured at fair value;</span></td> </tr>
<tr style="height: 16px;">
<td style="text-align: center; vertical-align: top; height: 16px;"><br/></td>
<td style="vertical-align: top; height: 16px; text-align: left;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(ii)</span></td>
<td valign="top" style="vertical-align: top; height: 16px; padding: 1px 1px 1px 8px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">share-based payments and employee benefits measured at fair value;</span></td> </tr>
<tr style="height: 16px;">
<td style="text-align: center; vertical-align: top; height: 16px;"><br/></td>
<td style="vertical-align: top; height: 16px; text-align: left;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">(iii)</span></td>
<td valign="top" style="vertical-align: top; height: 16px; padding: 1px 1px 1px 8px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">deemed cost of property, plant and equipment.</span></td> </tr> </tbody> </table>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Material accounting policies</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Accounting policies are presented in their respective notes, except for those described below:</span></p>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" id="Tag1875" escape="true">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Foreign currency transactions</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Foreign currency transactions carried out by the Company and its subsidiaries are remeasured into their functional currency at the exchange rate prevailing </span><span style="line-height: inherit;">on</span><span style="line-height: inherit;"> the date of each transaction. Outstanding monetary assets and liabilities of the Company and its subsidiaries are translated using the exchange rate </span><span style="line-height: inherit;">on</span><span style="line-height: inherit;"> the date of the financial statements. The effect of the difference between those exchange rates is recognized in financial results until the conclusion of each transaction.</span></span></p> </ix:nonNumeric>
<ix:nonNumeric contextRef="D20241231" name="ugp:DescriptionOfAccountingPolicyForBasisForTranslationOfFinancialStatementsExplanatory" id="Tag1874" escape="true">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Basis for translation of financial statements of foreign subsidiaries</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; z-index: 40; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">b.1 </span><span style="font-style: italic; font-weight: bold; line-height: inherit;">Foreign s</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">ubsidiaries without administrative authority<br/></span></span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; z-index: 40; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company has foreign subsidiaries without administrative authority. Assets and liabilities of the other foreign subsidiaries, which do not have administrative authority, are considered an extension of the activities of their parent company and are translated using the exchange rate at the date of the financial statements. Gains and losses resulting from changes in these foreign investments are directly recognized as financial result.</span> </p> </ix:nonNumeric>
<ix:nonNumeric contextRef="D20241231" name="ugp:DescriptionOfAccountingPolicyForUseOfEstimatesAssumptionsAndJudgmentsExplanatory" id="Tag228" escape="true">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; z-index: 40; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Use of estimates, assumptions and judgments</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The preparation of the financial statements requires the use of estimates, assumptions, and judgments for the accounting and disclosure of certain assets, liabilities, and profit or loss. Therefore, the Company and its subsidiaries&#8217; management use the best information available at the date of preparation of the financial statements, as well as the experience of past and current events, also considering assumptions regarding future events. The estimates and assumptions are reviewed periodically.</span></p>
<ix:exclude>
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>F-19</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<table xmlns="http://www.w3.org/1999/xhtml" style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
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<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important; line-height: inherit;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><span style="font-size: 10pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, 2023 and 2022</span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><br/></td> </tr> </tbody> </table> </ix:exclude>
<p style="margin: 0pt; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br/>c.1 Judgments</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; z-index: 40; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Information on the judgments is included in: the determination of control in subsidiaries, the determination of joint control in joint ventures, and the determination of significant influence in associates (Note 11).</span></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2; z-index: 40;"> <br/></p>
<p style="margin: 2pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c.2 Uncertainties related to the assumptions and estimates</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The information regarding uncertainties related to the assumptions and estimates are included in: determining the fair value of financial instruments including derivatives (Notes 4, 15 and 2</span><span style="line-height: inherit;">5</span><span style="line-height: inherit;">), the determination of the loss allowance for expected credit losses (Note 5), the determination of provisions for losses of inventories (Note 6), the estimates of realization of deferred IRPJ and CSLL amounts (Note 9), realization amount of tax recoverable (Note 7), the useful lives and discount rate of right-of-use assets (Note 12), the useful lives of property, plant and equipment (Note 13), the useful lives of intangible assets and recoverable value of assets, including goodwill (Note 14), provisions for tax, civil, and labor risks (Note 18), estimates for the preparation of actuarial reports (Note 17), determination of fair value of subscription warrants &#8211; indemnification (Notes 19 and 2</span><span style="line-height: inherit;">5</span><span style="line-height: inherit;">), and definition of fair value of the contingent consideration set for the business combination (Note 2</span><span style="line-height: inherit;">7</span><span style="line-height: inherit;">). The actual result of the transactions and information may differ from their estimates.</span></span> </p> </ix:nonNumeric>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory" id="Tag987" escape="true">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">d. Impairment of </span><span style="font-style: italic; font-weight: bold; line-height: inherit;">property, plant and equipment and intangible assets, including goodwill</span></span></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The Company and its subsidiaries review the existence of indications of impairment of </span><span style="line-height: inherit;">property, plant</span><span style="line-height: inherit;"> and equipment</span><span style="line-height: inherit;"> and </span><span style="line-height: inherit;">intangible</span><span style="line-height: inherit;"> assets</span> <span style="line-height: inherit;">on a quarterly basis. </span><span style="line-height: inherit;">For</span><span style="line-height: inherit;"> intangible assets with </span><span style="line-height: inherit;">an </span><span style="line-height: inherit;">indefinite useful life the review is done annually or more frequently when there is</span><span style="line-height: inherit;"> an</span><span style="line-height: inherit;"> indication that such assets might be impaired. If there is an indication of impairment, the Company and its subsidiaries estimate the recoverable amount of the asset. Assets that cannot be evaluated individually are grouped in the smallest group of assets that generate cash inflow from continuous use and that are largely independent of cash flows of other assets (cash generating units &#8220;CGU&#8221;). The identified CGUs for the evaluation of impairment are similar to reported segments </span><span style="line-height: inherit;">in</span><span style="line-height: inherit;"> financial statements. The recoverable amount of assets or CGUs corresponds to the greater of their fair value net of applicable direct selling expenses and their value in use. </span></span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The fair value less costs to sell is determined by the price that would be received to sell an asset in an orderly transaction between market participants at the measurement date, net of costs of removing the asset, and direct incremental costs to bring an asset into condition for its sale, legal costs, and taxes.</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8195;</span></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">To assess the value in use, the projections of future cash flows, trends, and outlooks, as well as the effects of obsolescence, demand, competition, and other economic factors were considered. Such cash flows are discounted to their present values using the discount rate before tax that reflects market conditions for the period of impairment testing and the specific risks of the asset or CGU being evaluated. In cases where the expected discounted future cash flows are less than their carrying amount, an impairment loss is recognized for the amount by which the carrying amount exceeds the fair value of these assets in profit or loss. In case goodwill has been allocated to a CGU, the recognized losses are first allocated to reduce the corresponding goodwill. If the goodwill is not enough to absorb such losses, the surplus is allocated to the assets on a pro-rata basis. An impairment of goodwill cannot be reversed. For other assets, impairment losses are reversed only to the extent that the asset's carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if the impairment had not been recognized. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As of December 31, 2024, and 2023, the Company
and its subsidiaries did not record any losses with impairment of assets. In
2022 the Company, through its subsidiary Ipiranga, sold its subsidiary Imifarma
Produtos Farmac&#234;uticos e Cosm&#233;ticos S.A. (&#8220;Extrafarma&#8221;) <span style="line-height: inherit;">and wrote off the provision for impairment of assets
allocated to subsidiary Extrafarma</span>. See Note 28.</span><span style="font-size: 10pt; font-family: Aptos, sans-serif; line-height: inherit;"></span></p> </ix:nonNumeric>
<ix:nonNumeric contextRef="D20241231" name="ugp:DescriptionOfAccountingPolicyForOtherAssetsExplanatory" id="Tag1873" escape="true">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; z-index: 40; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">e. Other assets</span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Other assets are stated at the lower of cost and realizable value, including, if applicable, interest earned, monetary variations</span><span style="line-height: inherit;">,</span><span style="line-height: inherit;"> and foreign exchange variations incurred, less the provisions for losses and, if applicable, adjusted to present value.</span></span></p> </ix:nonNumeric>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><br/></p>
<div>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>F-20</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
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<tbody>
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<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important; line-height: inherit;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><span style="font-size: 10pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, 2023 and 2022</span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><br/></td> </tr> </tbody> </table>
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<div style="border-right: none; border-left: none;">
<p style="margin: 0pt; text-align: justify; line-height: 1.2; z-index: 40;"><br/></p> </div> </div> </div> </ix:exclude> </div>
<div style="border-right: none; border-left: none;">
<div style="border-right: none; border-left: none;">
<div style="border-right: none; border-left: none;">
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><span style="line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">f. Other liabilities</span></span></span></span></span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231" name="ugp:DescriptionOfAccountingPolicyForOtherLiabilitiesExplanatory" id="Tag205" escape="true"><span style="line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other liabilities are stated at known or measurable amounts, including monetary variations</span></span><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">,</span><span style="line-height: inherit;"> and foreign exchange variations incurred. When applicable, other liabilities are recognized at present value, based on interest rates that reflect the term, currency, and risk of each transaction.</span></span></ix:nonNumeric></span></p> </div> </div> </div>
<div style="border-left: none; border-right: none;">
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory" id="Tag1872" escape="true">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">g</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">. Statements of cash flows</span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The Company and its subsidiaries present the interest paid on loans, financing, debentures, and leases payable in financing activities the financial investments, net of redemptions</span><span style="line-height: inherit;">, are presented</span><span style="line-height: inherit;"> in investing activities; and&#160;</span><span style="line-height: inherit;">dividends </span><span style="line-height: inherit;">received </span><span style="line-height: inherit;"> are presented </span><span style="line-height: inherit;">in operating activities.</span></span></p> </ix:nonNumeric>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><br/></span></span></p>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue" id="Tag162" escape="true">
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-style: italic; font-weight: bold; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">h. Revenue recognition</span></span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-style: italic; font-weight: bold; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><br/></span></span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Revenues from sales and services rendered under contracts with customers are recognized on the accrual basis when, or as, performance obligations are satisfied by transferring the control of a promised good or service to a customer in such a way that the customer obtains substantially all rewards generated, according to the obligations of each transaction, and when it is highly probable that the Company and its subsidiaries will receive the consideration in exchange for the transferred goods or services.</span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><br/></span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The Company and its subsidiaries recognize revenue under the 5-step model, in accordance with IFRS 15: (1) identification of contracts with customers; (2) identification of the performance obligations; (3) determination of the transaction price; (4) allocation of the transaction price to performance obligations under the contracts, and (5) revenue recognition when (or as) the performance obligation is satisfied and the control of the goods and services is transferred to the customer.</span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><br/></span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Revenue is measured and stated at the fair value of the consideration to which the Company and its subsidiaries expect to be entitled to, less returns, discounts, rebates, sales taxes, amortization of assets from contracts with customers, and other deductions, if applicable. The Company&#8217;s subsidiaries do not have obligations for return or refund in their contracts with customers and do not have significant financing component that directly impacts the determination of the expected consideration.</span></span></p> </ix:nonNumeric>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><br/></span></span></p>
<ix:nonNumeric contextRef="D20241231" name="ugp:DescriptionOfAccountingPolicyForRecognitionOfTaxCreditsPolicyTextBlock" id="Tag180" escape="true">
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-style: italic; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><span style="line-height: inherit;">i. Recognition of tax credits</span></span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-style: italic; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><span style="line-height: inherit;"><br/></span></span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The accounting policy applied by the Company considers relevant estimates and judgments for the tax credits recognition and for estimating its recovery. The tax credits are recorded only when management has elements that guarantee (i) that the credit is a legal right; (ii) the amount could be estimated with sufficient reliability to enable it to be compensated or refunded; and (iii) the amounts are recoverable through either offsetting with other tax credits or a tax refund. In cases where the recovery of the asset is not probable, or the amount cannot be reliably measured, the amounts are not recognized, neither is a provision recorded.&#160;</span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><br/></span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">For more details about the judgments, uncertainties related to the assumptions and estimates, and the management analysis of impacts on the financial statements, see Notes 2.c.2 and 7.a.</span></span></p> </ix:nonNumeric>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><br/></span></span></p>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DescriptionOfAccountingPolicyForDiscontinuedOperationsExplanatory" id="Tag222" escape="true">
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-style: italic; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><span style="line-height: inherit;">j. Discontinued operations</span></span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-style: italic; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><span style="line-height: inherit;"><br/></span></span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The transactions of Oxiteno and Extrafarma sale was concluded on April 1, 2022 and August 1, 2022, respectively. The Company accounted for the disposal of Investments in accordance with international standard IFRS 5 &#8208; Non-current Assets Held for Sale and Discontinued Operations, which require recognizing any assets and liabilities as &#8220;Held&#8208;for&#8208;sale assets&#8221; and &#8220;Liabilities related to held&#8208;for&#8208;sale assets&#8221; in the balance sheet and reporting the income (loss) of the companies sold up to the sale date, as well as the gain (loss) from the sale of the investments, as &#8220;Discontinued operations&#8221; in the statement of income.</span></span></p>
<ix:exclude>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>F-21</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
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<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important; line-height: inherit;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><span style="font-size: 10pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, 2023 and 2022</span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><br/></td> </tr> </tbody> </table>
<div xmlns="http://www.w3.org/1999/xhtml" style="border-right: none; border-left: none;"><br/></div> </ix:exclude> </ix:nonNumeric> </div> </ix:nonNumeric> </div> </div><div id="D9ag0cjb448bnva605eejx" style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<ix:nonNumeric contextRef="D20241231" name="ugp:DisclosureOfNewAccountingPoliciesChangesInAccountingPoliciesExplanatory" id="Tag212" escape="true">
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BSD_6_142202518213792" class="customBookmark"><span style="color: #ffffff; font-family: Aptos; font-size: 12pt; font-weight: bold;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3. New accounting policies and changes in accounting policies</span></span> </a></div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The Company evaluated and, when necessary, applied for the first time the new standards and interpretations issued by the IASB and, on the date the financial statements were authorized for issue, did not identify any significant impacts thereof on the disclosure or reported amounts.</span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">These financial statements were prepared using information from Ultrapar and its subsidiaries on the same base date, as well as consistent accounting policies and practices.</span></p>
<p style="margin: 10pt 0pt 0pt 18.2pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: -18.2pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-style: italic; font-weight: bold;">a.</span><span style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: normal;">&#160;&#160;&#160;&#160;&#160; </span><span style="font-style: italic; font-weight: bold;">New accounting policies and changes in accounting policies</span></span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">a.1 Accounting policies adopted</span><br/></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The following new standards, amendments to standards and interpretations of IFRS Accounting Standards issued by the IASB and effective on/after January 1, 2024 had no significant impact on the financial statements for the year ended December 31, 2024:</span></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">IAS 1 &#8211; Non-current Liabilities with Covenants and Classification of Liabilities as Current or Non-current</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">IFRS 16 (R2) &#8211; Lease Liability in a Sale and Leaseback</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; orphans: 0; padding-left: 8.4pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">IFRS 7 and IAS 7 &#8211; Supplier Finance Arrangements</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; break-after: avoid; break-inside: avoid; text-indent: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">IFRS&#160;10 and IAS 28 &#8211; Sale or Contribution of Assets between an Investor and its Associate or Joint Venture</span></li> </ul>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">a.2 Accounting policies not adopted</span><br/></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The following new standards, amendments to standards and interpretations of IFRS Accounting Standards issued by the IASB were not adopted since they are not effective in the year ended December 31, 2024. The Company and its subsidiaries plan to adopt these new standards, amendments and interpretations, if applicable, when they become effective, and they do not expect a material impact from their adoption on their future consolidated financial statements.</span></p>
<ul style="margin-bottom: 0px;">
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; orphans: 0; padding-left: 8.4pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">IFRS 18 &#8211; Presentation and Disclosure in Financial Statements</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; orphans: 0; padding-left: 8.4pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">IAS 21 &#8211; The Effects of Changes in Foreign Exchange Rates</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; orphans: 0; padding-left: 8.4pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">IFRS 19 &#8211; Subsidiaries without Public Accountability</span></li> </ul> </ix:nonNumeric> <br/>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-22</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div> </div><div id="Ddadlaw07r04emj9mswhbuj" style="font-family: 'times new roman', times; font-size: 10pt;">
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<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><br/></td> </tr> </tbody> </table> <br/> </div>
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<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB4_142202521132552" class="customBookmark"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">4</span>. Cash and cash equivalents, financial investments, derivative financial instruments and other financial assets</span></a></div>
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<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Accounting policy</span></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Cash and cash equivalents comprise bank balances and short-term financial investments with maturities of up to <span style="border-left: none; border-right: none;">90</span> days, readily convertible into known amounts of cash and subject to an insignificant risk of change in value. Cash equivalents are held for the purpose of meeting short-term cash commitments.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Investments that do not fall under the classification of cash and cash equivalents are presented as financial investments in a separate line item in the statements of financial position.</span></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The financial assets were classified based on the business model of the Company and its subsidiaries and are disclosed in Note <span style="border-left: none; border-right: none;">25</span>.</span></p> </ix:nonNumeric>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">a. Cash and cash equivalents</span></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 77%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Cash and banks </span></p> </td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="vertical-align: bottom; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> In local currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231" name="ugp:CashAndBankDepositsInLocalCurrency" unitRef="BRL" id="Tag4381" decimals="-3" scale="3" format="ixt:num-dot-decimal">211,047</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20231231" name="ugp:CashAndBankDepositsInLocalCurrency" unitRef="BRL" id="Tag4379" decimals="-3" scale="3" format="ixt:num-dot-decimal">77,488</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> In foreign currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231" name="ugp:CashAndBankDepositsInForeignCurrency" unitRef="BRL" id="Tag4386" decimals="-3" scale="3" format="ixt:num-dot-decimal">194,793</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20231231" name="ugp:CashAndBankDepositsInForeignCurrency" unitRef="BRL" id="Tag4384" decimals="-3" scale="3" format="ixt:num-dot-decimal">47,664</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Financial investments considered cash equivalents </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> In local currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Securities and funds in local currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231" name="ugp:FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency" unitRef="BRL" id="Tag4382" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,286,152</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20231231" name="ugp:FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency" unitRef="BRL" id="Tag4380" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,476,726</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> In foreign currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Securities and funds in foreign currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231" name="ugp:FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency" unitRef="BRL" id="Tag4387" decimals="-3" scale="3" format="ixt:num-dot-decimal">379,601</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20231231" name="ugp:FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency" unitRef="BRL" id="Tag4385" decimals="-3" scale="3" format="ixt:num-dot-decimal">323,810</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total cash and cash equivalents </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:CashAndCashEquivalents" unitRef="BRL" id="Tag4383" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,071,593</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:CashAndCashEquivalents" unitRef="BRL" id="Tag4378" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,925,688</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> </tbody> </table> </ix:nonNumeric>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">b. Financial investments, derivative financial instruments and other financial assets</span></p>
<ix:nonNumeric contextRef="D20241231" name="ugp:ScheduleOfFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsTableTextBlock" id="Tag1" escape="true">
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> 12/31/2024 </span></p> </td>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> 12/31/2023 </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Financial investments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> In local currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Securities and funds in local currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231" name="ugp:FinancialInvestmentsInLocalCurrency" unitRef="BRL" id="Tag4371" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,271,979</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20231231" name="ugp:FinancialInvestmentsInLocalCurrency" unitRef="BRL" id="Tag4377" decimals="-3" scale="3" format="ixt:num-dot-decimal">82,592</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> In foreign currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Securities and funds in foreign currency (a) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231" name="ugp:FinancialInvestmentsInForeignCurrency" unitRef="BRL" id="Tag4370" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,854,126</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20231231" name="ugp:FinancialInvestmentsInForeignCurrency" unitRef="BRL" id="Tag723" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Derivative financial instruments and other financial assets at fair value (b) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231" name="ugp:CurencyAndInterestRateHedgingInstruments" unitRef="BRL" id="Tag4369" decimals="-3" scale="3" format="ixt:num-dot-decimal">833,986</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20231231" name="ugp:CurencyAndInterestRateHedgingInstruments" unitRef="BRL" id="Tag4376" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,162,283</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total financial investments and derivative financial instruments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231" name="ugp:FinancialInvestments" unitRef="BRL" id="Tag4368" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,960,091</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20231231" name="ugp:FinancialInvestments" unitRef="BRL" id="Tag4374" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,244,875</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231" name="ugp:FinancialInvestmentsCurrent" unitRef="BRL" id="Tag4367" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,553,011</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20231231" name="ugp:FinancialInvestmentsCurrent" unitRef="BRL" id="Tag4373" decimals="-3" scale="3" format="ixt:num-dot-decimal">292,934</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231" name="ugp:FinancialInvestmentsNoncurrent" unitRef="BRL" id="Tag4366" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,407,080</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20231231" name="ugp:FinancialInvestmentsNoncurrent" unitRef="BRL" id="Tag4372" decimals="-3" scale="3" format="ixt:num-dot-decimal">951,941</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt 0pt 14.2pt; break-after: avoid; break-inside: avoid; text-indent: -14.2pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(a)<span style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: normal;"> </span><span><ix:footnote xml:lang="en-US" id="footnote77" footnoteRole="http://www.xbrl.org/2003/role/footnote">Refers substantially to financial investments made by subsidiary Ultrapar International in Time Deposits.</ix:footnote></span></span></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: -14.2pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(b)<span style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: normal;"> </span><span><ix:footnote xml:lang="en-US" id="footnote78" footnoteRole="http://www.xbrl.org/2003/role/footnote">Accumulated gains, net of withholding income tax (see Note <span style="border-left: none; border-right: none;">25</span>.f).</ix:footnote></span></span></p> </ix:nonNumeric> </div> </ix:nonNumeric> </div>
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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><br/></p>
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-23</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div> </div><div id="Dzvj32jo9bry29ovpr7yhb" style="font-family: 'times new roman', times; font-size: 10pt;">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
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<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, 2023 and 2022</span></span></td>
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<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><span style="color: #ffffff;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span>5</span></span></span><span style="font-weight: bold; font-size: 10pt; color: #ffffff;">. <a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BN5_213202523499353" class="customBookmark"><span style="color: #ffffff;">Trade receivables, reseller financing and other receivables</span></a></span><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><a style="text-decoration: none; cursor: default; outline: none; color: #000000; pointer-events: none;" href="#TOC" id="Bnd1123_1832025144331820" class="customBookmark"></a></span></div>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory" id="Tag230" escape="true">
<p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade receivables represent amounts receivable for the sale of products and services provided by the Company's subsidiaries and are recorded at the nominal value invoiced on the date of sale.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Reseller financing is provided to promote the renovation and upgrading of service stations, purchase of products, and development of the automotive fuels and lubricants distribution market. The amounts are financed with an average payment term of <ix:nonNumeric contextRef="D20241231_BottomOfRangeMember" name="ugp:ResellerFinancingAveragePaymentTerm" id="Tag694" format="ixt-sec:durmonth">12</ix:nonNumeric> to <ix:nonNumeric contextRef="D20241231_TopOfRangeMember" name="ugp:ResellerFinancingAveragePaymentTerm" id="Tag4227" format="ixt-sec:durmonth">60</ix:nonNumeric> months, subject to interest and monetary variation. Remeasurement is carried out at a market rate for working capital loans and is recognized in the financial result.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Expected credit losses are measured in accordance with the IFRS <span>9</span> simplified approach, using a provision matrix based on expected losses for the full balance of trade receivables. The loss allowance for expected credit losses considers the expected losses for the next <span>12</span> months, which includes the deterioration or improvement of the customers&#8217; credit quality, considering the customers&#8217; characteristics in each business segment. The expected credit losses are calculated by the expected loss approach, considering the probability of default. Loss rates are determined by the average of advances of receivables through stages of default until full write-off. This calculation includes the credit risk score for each exposure, based on predictive data and credit assessment experience.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The amount of the expected credit losses is deemed by Management to be sufficient to cover any loss on realization of trade receivables.</span></p> </ix:nonNumeric>
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Trade receivables and reseller financing</span></p>
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<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> Trade receivables of customers </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
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<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Domestic customers </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TradeReceivablesMember_DomesticCustomersMember" name="ugp:TradeReceivablesGross" unitRef="BRL" id="Tag689" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,885,310</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TradeReceivablesMember_DomesticCustomersMember" name="ugp:TradeReceivablesGross" unitRef="BRL" id="Tag5770" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,183,696</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Domestic customers - related parties (see Note <span>8</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TradeReceivablesMember_DomesticCustomersMember" name="ugp:TradeReceivablesDueFromRelatedPartiesGross" unitRef="BRL" id="Tag697" decimals="-3" scale="3" format="ixt:num-dot-decimal">301</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TradeReceivablesMember_DomesticCustomersMember" name="ugp:TradeReceivablesDueFromRelatedPartiesGross" unitRef="BRL" id="Tag4272" decimals="-3" scale="3" format="ixt:num-dot-decimal">78</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign customers </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TradeReceivablesMember_ForeignCustomersMember" name="ugp:TradeReceivablesGross" unitRef="BRL" id="Tag717" decimals="-3" scale="3" format="ixt:num-dot-decimal">19,032</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TradeReceivablesMember_ForeignCustomersMember" name="ugp:TradeReceivablesGross" unitRef="BRL" id="Tag4229" decimals="-3" scale="3" format="ixt:num-dot-decimal">82,634</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign customers - related parties (see Note <span>8</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TradeReceivablesMember_ForeignCustomersMember" name="ugp:TradeReceivablesDueFromRelatedPartiesGross" unitRef="BRL" id="Tag4207" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,361</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TradeReceivablesMember_ForeignCustomersMember" name="ugp:TradeReceivablesDueFromRelatedPartiesGross" unitRef="BRL" id="Tag4266" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,065</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:TradeReceivablesGross" unitRef="BRL" id="Tag4259" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,913,004</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:TradeReceivablesGross" unitRef="BRL" id="Tag4228" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,269,473</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (-) Allowance for expected credit losses </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_TradeReceivablesMember_13" name="ugp:TradeReceivablesAndResellerFinancingAllowanceForCreditLoss" unitRef="BRL" id="Tag4265" decimals="-3" scale="3" format="ixt:num-dot-decimal">345,735</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_TradeReceivablesMember_13" name="ugp:TradeReceivablesAndResellerFinancingAllowanceForCreditLoss" unitRef="BRL" id="Tag4226" decimals="-3" scale="3" format="ixt:num-dot-decimal">334,467</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total - trade receivables of customers </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TradeReceivablesMember_13" name="ifrs-full:TradeReceivables" unitRef="BRL" id="Tag163" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,567,269</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 18px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TradeReceivablesMember_13" name="ifrs-full:TradeReceivables" unitRef="BRL" id="Tag710" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,935,006</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 18px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TradeReceivablesMember_13" name="ifrs-full:CurrentTradeReceivables" unitRef="BRL" id="Tag711" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,540,266</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TradeReceivablesMember_13" name="ifrs-full:CurrentTradeReceivables" unitRef="BRL" id="Tag5769" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,921,790</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TradeReceivablesMember_13" name="ifrs-full:NoncurrentTradeReceivables" unitRef="BRL" id="Tag714" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,003</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TradeReceivablesMember_13" name="ifrs-full:NoncurrentTradeReceivables" unitRef="BRL" id="Tag692" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,216</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr> </tbody> </table> </ix:nonNumeric> <br/>
<ix:nonNumeric contextRef="D20241231_ResellerFinancingIpirangaMember" name="ugp:DisclosureOfResellerFinancingCompositionExplanatory" id="Tag225" escape="true">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 96px; width: 100%;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Reseller financing </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 77%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Reseller financing &#8211; Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_ResellerFinancingIpirangaMember_8" name="ugp:ResellerFinancingGross" unitRef="BRL" id="Tag4237" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,404,883</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_ResellerFinancingIpirangaMember_8" name="ugp:ResellerFinancingGross" unitRef="BRL" id="Tag4241" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,189,886</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; width: 1%;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (-) Allowance for expected credit losses </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_ResellerFinancingIpirangaMember_8" name="ugp:TradeReceivablesAndResellerFinancingAllowanceForCreditLoss" unitRef="BRL" id="Tag5741" decimals="-3" scale="3" format="ixt:num-dot-decimal">126,859</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_ResellerFinancingIpirangaMember_8" name="ugp:TradeReceivablesAndResellerFinancingAllowanceForCreditLoss" unitRef="BRL" id="Tag5738" decimals="-3" scale="3" format="ixt:num-dot-decimal">134,383</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total &#8211; reseller financing </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:ResellerFinancing" unitRef="BRL" id="Tag1053" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,278,024</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:ResellerFinancing" unitRef="BRL" id="Tag4278" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,055,503</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:CurrentResellerFinancing" unitRef="BRL" id="Tag4240" decimals="-3" scale="3" format="ixt:num-dot-decimal">511,979</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:CurrentResellerFinancing" unitRef="BRL" id="Tag862" decimals="-3" scale="3" format="ixt:num-dot-decimal">504,862</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:NonCurrentResellerFinancing" unitRef="BRL" id="Tag716" decimals="-3" scale="3" format="ixt:num-dot-decimal">766,045</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:NonCurrentResellerFinancing" unitRef="BRL" id="Tag861" decimals="-3" scale="3" format="ixt:num-dot-decimal">550,641</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> </ix:nonNumeric>
<div>
<div>
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml">
<p style="margin:0pt"><br/></p>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>F-24</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<table xmlns="http://www.w3.org/1999/xhtml" style="font-size: 10pt; width: 100%; margin: 0px; height: 58px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
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<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 11px;">
<td style="padding: 0px; margin: 0px; height: 11px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 11px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, 2023 and 2022</span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </ix:exclude> </div>
<div style="margin: 10pt 0pt; text-indent: 0pt;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; text-indent: 0pt; font-family: 'times new roman', times;">b. Allowance for expected credit losses &#8211; trade receivables and reseller financing</span></div> </div>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory" id="Tag5383" escape="true">
<p style="margin: 0pt 0pt 10pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Movements in the allowance for expected credit losses of trade receivables and reseller financing are as follows:</span></p>
<div id="t_ft_FG9RZRFAS000000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 232px; width: 99.835%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Trade receivables </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Reseller financing </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 65%;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">Balance as of December 31, 2021</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"><ix:nonFraction contextRef="I20211231_TradeReceivablesMember" name="ugp:TradeReceivablesAndResellerFinancingAllowanceForCreditLoss" unitRef="BRL" id="Tag4276" decimals="-3" scale="3" format="ixt:num-dot-decimal">374,355</ix:nonFraction></span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"><ix:nonFraction contextRef="I20211231_ResellerFinancingIpirangaMember" name="ugp:TradeReceivablesAndResellerFinancingAllowanceForCreditLoss" unitRef="BRL" id="Tag4202" decimals="-3" scale="3" format="ixt:num-dot-decimal">185,278</ix:nonFraction></span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"><ix:nonFraction contextRef="I20211231" name="ugp:TradeReceivablesAndResellerFinancingAllowanceForCreditLoss" unitRef="BRL" id="Tag4200" decimals="-3" scale="3" format="ixt:num-dot-decimal">559,633</ix:nonFraction></span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">Additions</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"><ix:nonFraction contextRef="D20221231_TradeReceivablesMember" name="ugp:IncreaseThroughProvisionOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" unitRef="BRL" id="Tag4277" decimals="-3" scale="3" format="ixt:num-dot-decimal">143,828</ix:nonFraction></span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: right; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"><ix:nonFraction contextRef="D20221231_ResellerFinancingIpirangaMember" name="ugp:IncreaseThroughProvisionOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" unitRef="BRL" id="Tag4220" decimals="-3" scale="3" format="ixt:num-dot-decimal">45,987</ix:nonFraction></span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: right; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"><ix:nonFraction contextRef="D20221231" name="ugp:IncreaseThroughProvisionOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" unitRef="BRL" id="Tag4238" decimals="-3" scale="3" format="ixt:num-dot-decimal">189,815</ix:nonFraction></span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: right; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">Reversals</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<ix:nonFraction contextRef="D20221231_TradeReceivablesMember" name="ugp:DecreaseThroughReversalOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" unitRef="BRL" id="Tag4283" decimals="-3" scale="3" format="ixt:num-dot-decimal">130,385</ix:nonFraction></span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: left; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<ix:nonFraction contextRef="D20221231_ResellerFinancingIpirangaMember" name="ugp:DecreaseThroughReversalOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" unitRef="BRL" id="Tag4287" decimals="-3" scale="3" format="ixt:num-dot-decimal">52,695</ix:nonFraction></span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: left; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<ix:nonFraction contextRef="D20221231" name="ugp:DecreaseThroughReversalOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" unitRef="BRL" id="Tag683" decimals="-3" scale="3" format="ixt:num-dot-decimal">183,080</ix:nonFraction></span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; text-align: left;">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">Write-offs</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<ix:nonFraction contextRef="D20221231_TradeReceivablesMember" name="ugp:DecreaseThroughWriteOffsOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" unitRef="BRL" id="Tag4233" decimals="-3" scale="3" format="ixt:num-dot-decimal">65,045</ix:nonFraction></span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; text-align: left; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<ix:nonFraction contextRef="D20221231_ResellerFinancingIpirangaMember" name="ugp:DecreaseThroughWriteOffsOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" unitRef="BRL" id="Tag698" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,283</ix:nonFraction></span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; text-align: left; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<ix:nonFraction contextRef="D20221231" name="ugp:DecreaseThroughWriteOffsOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" unitRef="BRL" id="Tag704" decimals="-3" scale="3" format="ixt:num-dot-decimal">70,328</ix:nonFraction></span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; text-align: left;">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_TradeReceivablesMember" name="ugp:TradeReceivablesAndResellerFinancingAllowanceForCreditLoss" unitRef="BRL" id="Tag4217" decimals="-3" scale="3" format="ixt:num-dot-decimal">322,753</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_ResellerFinancingIpirangaMember" name="ugp:TradeReceivablesAndResellerFinancingAllowanceForCreditLoss" unitRef="BRL" id="Tag715" decimals="-3" scale="3" format="ixt:num-dot-decimal">173,287</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20221231" name="ugp:TradeReceivablesAndResellerFinancingAllowanceForCreditLoss" unitRef="BRL" id="Tag4289" decimals="-3" scale="3" format="ixt:num-dot-decimal">496,040</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_TradeReceivablesMember" name="ugp:IncreaseThroughProvisionOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" unitRef="BRL" id="Tag4224" decimals="-3" scale="3" format="ixt:num-dot-decimal">115,090</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_ResellerFinancingIpirangaMember" name="ugp:IncreaseThroughProvisionOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" unitRef="BRL" id="Tag686" decimals="-3" scale="3" format="ixt:num-dot-decimal">28,472</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:IncreaseThroughProvisionOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" unitRef="BRL" id="Tag713" decimals="-3" scale="3" format="ixt:num-dot-decimal">143,562</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Reversals </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_TradeReceivablesMember" name="ugp:DecreaseThroughReversalOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" unitRef="BRL" id="Tag766" decimals="-3" scale="3" format="ixt:num-dot-decimal">76,762</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_ResellerFinancingIpirangaMember" name="ugp:DecreaseThroughReversalOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" unitRef="BRL" id="Tag4270" decimals="-3" scale="3" format="ixt:num-dot-decimal">59,436</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:DecreaseThroughReversalOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" unitRef="BRL" id="Tag701" decimals="-3" scale="3" format="ixt:num-dot-decimal">136,198</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_TradeReceivablesMember" name="ugp:DecreaseThroughWriteOffsOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" unitRef="BRL" id="Tag4264" decimals="-3" scale="3" format="ixt:num-dot-decimal">26,614</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_ResellerFinancingIpirangaMember" name="ugp:DecreaseThroughWriteOffsOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" unitRef="BRL" id="Tag4199" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,940</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:DecreaseThroughWriteOffsOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" unitRef="BRL" id="Tag693" decimals="-3" scale="3" format="ixt:num-dot-decimal">34,554</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TradeReceivablesMember_12" name="ugp:TradeReceivablesAndResellerFinancingAllowanceForCreditLoss" unitRef="BRL" id="Tag706" decimals="-3" scale="3" format="ixt:num-dot-decimal">334,467</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_ResellerFinancingIpirangaMember" name="ugp:TradeReceivablesAndResellerFinancingAllowanceForCreditLoss" unitRef="BRL" id="Tag691" decimals="-3" scale="3" format="ixt:num-dot-decimal">134,383</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:TradeReceivablesAndResellerFinancingAllowanceForCreditLoss" unitRef="BRL" id="Tag4284" decimals="-3" scale="3" format="ixt:num-dot-decimal">468,850</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_TradeReceivablesMember" name="ugp:IncreaseThroughProvisionOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" unitRef="BRL" id="Tag4232" decimals="-3" scale="3" format="ixt:num-dot-decimal">114,691</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_ResellerFinancingIpirangaMember" name="ugp:IncreaseThroughProvisionOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" unitRef="BRL" id="Tag4218" decimals="-3" scale="3" format="ixt:num-dot-decimal">31,931</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ugp:IncreaseThroughProvisionOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" unitRef="BRL" id="Tag4230" decimals="-3" scale="3" format="ixt:num-dot-decimal">146,622</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Reversals </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_TradeReceivablesMember" name="ugp:DecreaseThroughReversalOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" unitRef="BRL" id="Tag4204" decimals="-3" scale="3" format="ixt:num-dot-decimal">85,549</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_ResellerFinancingIpirangaMember" name="ugp:DecreaseThroughReversalOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" unitRef="BRL" id="Tag4223" decimals="-3" scale="3" format="ixt:num-dot-decimal">37,126</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ugp:DecreaseThroughReversalOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" unitRef="BRL" id="Tag5735" decimals="-3" scale="3" format="ixt:num-dot-decimal">122,675</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td> </tr>
<tr style="height: 18px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 18px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 18px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_TradeReceivablesMember" name="ugp:DecreaseThroughWriteOffsOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" unitRef="BRL" id="Tag4221" decimals="-3" scale="3" format="ixt:num-dot-decimal">17,874</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 18px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 18px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 18px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_ResellerFinancingIpirangaMember" name="ugp:DecreaseThroughWriteOffsOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" unitRef="BRL" id="Tag682" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,329</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 18px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 18px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 18px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ugp:DecreaseThroughWriteOffsOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" unitRef="BRL" id="Tag4211" decimals="-3" scale="3" format="ixt:num-dot-decimal">20,203</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 18px;">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TradeReceivablesMember_12" name="ugp:TradeReceivablesAndResellerFinancingAllowanceForCreditLoss" unitRef="BRL" id="Tag4260" decimals="-3" scale="3" format="ixt:num-dot-decimal">345,735</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_ResellerFinancingIpirangaMember" name="ugp:TradeReceivablesAndResellerFinancingAllowanceForCreditLoss" unitRef="BRL" id="Tag4290" decimals="-3" scale="3" format="ixt:num-dot-decimal">126,859</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:TradeReceivablesAndResellerFinancingAllowanceForCreditLoss" unitRef="BRL" id="Tag687" decimals="-3" scale="3" format="ixt:num-dot-decimal">472,594</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr> </tbody> </table> </div> </ix:nonNumeric>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfCreditRiskExposureExplanatory" id="Tag775" escape="true">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below presents information on credit risk exposure, resulting from balances of trade receivables and reseller financing.</span></p>
<div id="t_ft_GE50CZY0W000000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 150px;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="7" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="7" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr>
<tr style="height: 21px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 21px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average rate of expected losses </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Gross accounting balance </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Allowance for expected credit losses </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average rate of expected losses </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Gross accounting balance </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Allowance for expected credit losses </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 29%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_WeightedAverageMember_CurrentMember" name="ifrs-full:ExpectedCreditLossRate" unitRef="Pure" id="Tag4280" decimals="4" scale="-2" format="ixt:num-dot-decimal">0.55</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_CurrentMember" name="ugp:TradeAndOtherReceivablesGross" unitRef="BRL" id="Tag4205" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,289,620</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_CurrentMember" name="ugp:AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables" unitRef="BRL" id="Tag767" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,517</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_CurrentMember_WeightedAverageMember" name="ifrs-full:ExpectedCreditLossRate" unitRef="Pure" id="Tag4208" decimals="4" scale="-2" format="ixt:num-dot-decimal">0.55</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_CurrentMember" name="ugp:TradeAndOtherReceivablesGross" unitRef="BRL" id="Tag4282" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,412,278</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_CurrentMember" name="ugp:AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables" unitRef="BRL" id="Tag4234" decimals="-3" scale="3" format="ixt:num-dot-decimal">24,131</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Less than <span>30</span> days </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_NotLaterThanOneMonthMember_WeightedAverageMember" name="ifrs-full:ExpectedCreditLossRate" unitRef="Pure" id="Tag4286" decimals="4" scale="-2" format="ixt:num-dot-decimal">3.14</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_NotLaterThanOneMonthMember" name="ugp:TradeAndOtherReceivablesGross" unitRef="BRL" id="Tag4239" decimals="-3" scale="3" format="ixt:num-dot-decimal">141,756</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_NotLaterThanOneMonthMember" name="ugp:AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables" unitRef="BRL" id="Tag4225" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,452</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_NotLaterThanOneMonthMember_WeightedAverageMember" name="ifrs-full:ExpectedCreditLossRate" unitRef="Pure" id="Tag5768" decimals="4" scale="-2" format="ixt:num-dot-decimal">7.62</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_NotLaterThanOneMonthMember" name="ugp:TradeAndOtherReceivablesGross" unitRef="BRL" id="Tag4267" decimals="-3" scale="3" format="ixt:num-dot-decimal">61,451</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_NotLaterThanOneMonthMember" name="ugp:AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables" unitRef="BRL" id="Tag708" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,683</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>31</span>-<span>60</span> days </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanOneMonthAndNotLaterThanTwoMonthsMember_WeightedAverageMember" name="ifrs-full:ExpectedCreditLossRate" unitRef="Pure" id="Tag5736" decimals="4" scale="-2" format="ixt:num-dot-decimal">20.26</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanOneMonthAndNotLaterThanTwoMonthsMember" name="ugp:TradeAndOtherReceivablesGross" unitRef="BRL" id="Tag703" decimals="-3" scale="3" format="ixt:num-dot-decimal">40,402</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanOneMonthAndNotLaterThanTwoMonthsMember" name="ugp:AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables" unitRef="BRL" id="Tag696" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,186</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LaterThanOneMonthAndNotLaterThanTwoMonthsMember_WeightedAverageMember" name="ifrs-full:ExpectedCreditLossRate" unitRef="Pure" id="Tag4285" decimals="4" scale="-2" format="ixt:num-dot-decimal">4.92</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LaterThanOneMonthAndNotLaterThanTwoMonthsMember" name="ugp:TradeAndOtherReceivablesGross" unitRef="BRL" id="Tag4195" decimals="-3" scale="3" format="ixt:num-dot-decimal">57,753</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LaterThanOneMonthAndNotLaterThanTwoMonthsMember" name="ugp:AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables" unitRef="BRL" id="Tag4236" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,841</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>61</span>-<span>90</span> days </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember_WeightedAverageMember" name="ifrs-full:ExpectedCreditLossRate" unitRef="Pure" id="Tag5771" decimals="4" scale="-2" format="ixt:num-dot-decimal">14.96</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember" name="ugp:TradeAndOtherReceivablesGross" unitRef="BRL" id="Tag684" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,360</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember" name="ugp:AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables" unitRef="BRL" id="Tag4279" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,093</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember_WeightedAverageMember" name="ifrs-full:ExpectedCreditLossRate" unitRef="Pure" id="Tag700" decimals="4" scale="-2" format="ixt:num-dot-decimal">15.29</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember" name="ugp:TradeAndOtherReceivablesGross" unitRef="BRL" id="Tag4206" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,845</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember" name="ugp:AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables" unitRef="BRL" id="Tag702" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,646</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>91</span>-<span>180</span> days </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember_WeightedAverageMember" name="ifrs-full:ExpectedCreditLossRate" unitRef="Pure" id="Tag4219" decimals="4" scale="-2" format="ixt:num-dot-decimal">30.37</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" name="ugp:TradeAndOtherReceivablesGross" unitRef="BRL" id="Tag718" decimals="-3" scale="3" format="ixt:num-dot-decimal">57,289</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" name="ugp:AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables" unitRef="BRL" id="Tag4231" decimals="-3" scale="3" format="ixt:num-dot-decimal">17,396</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember_WeightedAverageMember" name="ifrs-full:ExpectedCreditLossRate" unitRef="Pure" id="Tag4209" decimals="4" scale="-2" format="ixt:num-dot-decimal">32.91</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" name="ugp:TradeAndOtherReceivablesGross" unitRef="BRL" id="Tag685" decimals="-3" scale="3" format="ixt:num-dot-decimal">47,430</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" name="ugp:AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables" unitRef="BRL" id="Tag688" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,609</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> More than <span>180</span> days </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanSixMonthsMember_WeightedAverageMember" name="ifrs-full:ExpectedCreditLossRate" unitRef="Pure" id="Tag4288" decimals="4" scale="-2" format="ixt:num-dot-decimal">54.49</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanSixMonthsMember" name="ugp:TradeAndOtherReceivablesGross" unitRef="BRL" id="Tag707" decimals="-3" scale="3" format="ixt:num-dot-decimal">761,460</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanSixMonthsMember" name="ugp:AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables" unitRef="BRL" id="Tag690" decimals="-3" scale="3" format="ixt:num-dot-decimal">414,950</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LaterThanSixMonthsMember_WeightedAverageMember" name="ifrs-full:ExpectedCreditLossRate" unitRef="Pure" id="Tag4269" decimals="4" scale="-2" format="ixt:num-dot-decimal">48.79</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LaterThanSixMonthsMember" name="ugp:TradeAndOtherReceivablesGross" unitRef="BRL" id="Tag4222" decimals="-3" scale="3" format="ixt:num-dot-decimal">856,602</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LaterThanSixMonthsMember" name="ugp:AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables" unitRef="BRL" id="Tag699" decimals="-3" scale="3" format="ixt:num-dot-decimal">417,940</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:TradeAndOtherReceivablesGross" unitRef="BRL" id="Tag695" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,317,887</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables" unitRef="BRL" id="Tag4275" decimals="-3" scale="3" format="ixt:num-dot-decimal">472,594</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:TradeAndOtherReceivablesGross" unitRef="BRL" id="Tag1160" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,459,359</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables" unitRef="BRL" id="Tag4210" decimals="-3" scale="3" format="ixt:num-dot-decimal">468,850</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> </tbody> </table> </div> </ix:nonNumeric>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"> <br/></p>
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Trade receivables - sale of subsidiaries</span></p>
<div style="border-left: none; border-right: none;">
<ix:nonNumeric contextRef="D20241231" name="ugp:DisclosureOfOtherReceivablesExplanatory" id="Tag270" escape="true">
<div style="border-left: none; border-right: none;">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 100px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 77%; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Sale of subsidiary Oxiteno: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Receivables from sale of investments (i) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OxitenoIndustriaComercioMember" name="ugp:ReceivablesFromSaleOfInvestments" unitRef="BRL" id="Tag4215" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_OxitenoIndustriaComercioMember" name="ugp:ReceivablesFromSaleOfInvestments" unitRef="BRL" id="Tag705" decimals="-3" scale="3" format="ixt:num-dot-decimal">726,195</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (-) Adjustment to present value - sale of investments (ii) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OxitenoIndustriaComercioMember" name="ugp:AdjustmentToPresentValueOfReceivablesFromSaleOfInvestments" unitRef="BRL" id="Tag4258" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_OxitenoIndustriaComercioMember" name="ugp:AdjustmentToPresentValueOfReceivablesFromSaleOfInvestments" unitRef="BRL" id="Tag4268" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">10,318</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Sale of subsidiary Extrafarma: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Receivables from sale of investments (iii) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_ExtrafarmaMember" name="ugp:ReceivablesFromSaleOfInvestments" unitRef="BRL" id="Tag709" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_ExtrafarmaMember" name="ugp:ReceivablesFromSaleOfInvestments" unitRef="BRL" id="Tag712" decimals="-3" scale="3" format="ixt:num-dot-decimal">208,487</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total - current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; height: 10px; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:CurrentReceivablesFromSaleOfInvestments" unitRef="BRL" id="Tag4281" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; height: 10px; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:CurrentReceivablesFromSaleOfInvestments" unitRef="BRL" id="Tag4235" decimals="-3" scale="3" format="ixt:num-dot-decimal">924,364</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"> <br/></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(i)&#160; &#160;<span><ix:footnote xml:lang="en-US" id="footnote72" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none;">The balance related to the final installment of the sale of Oxiteno was received in April 2024.</span></ix:footnote></span></span></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(ii)&#160;&#160;<span><ix:footnote xml:lang="en-US" id="footnote71" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none;">The consideration for the sale of Oxiteno was recognized at present value using a discount rate of <ix:nonFraction contextRef="D20241231_OxitenoIndustriaComercioMember" name="ugp:DiscountRate" unitRef="Pure" id="Tag5742" decimals="4" scale="-2" format="ixt:num-dot-decimal">6.17</ix:nonFraction>%, and fully paid up in April 2024.</span></ix:footnote></span></span></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(iii) <span><ix:footnote xml:lang="en-US" id="footnote70" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none;">Balance related to the second installment of the Extrafarma sale transaction, received in August 2024, monetarily adjusted by the <ix:nonNumeric contextRef="D20241231" name="ifrs-full:BorrowingsInterestRateBasis" id="Tag4274" escape="false">CDI rate + 0.5% p.a.</ix:nonNumeric></span></ix:footnote></span></span></p> </ix:nonNumeric> </div> </div> </ix:nonNumeric>
<div style="border-left: none; border-right: none;">
<div style="border-left: none; border-right: none;"> <br/></div> </div> </div> </div>
<p style="margin: 0pt; line-height: 1.2;"><br/></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>F-25</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div><div id="Doavbmssu9bq3gk48547dpm" style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="line-height: 1.2; margin: 0px; text-indent: 0px;">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, 2023 and 2022</span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><br/></p>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfInventoriesExplanatory" id="Tag541" escape="true">
<div style="background-color: #002060; margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BSD_6_142202518612458" class="customBookmark"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;">6</span>. Inventories</span></a></div>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories" id="Tag1205" escape="true">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></p>
<div style="border-left: none; border-right: none;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Inventories are stated at the lower of cost and net realizable value, and estimates of net realizable value are based on the average selling prices at the end of the reporting period, net of applicable direct selling expenses. The costs are measured using the weighted average cost and include the costs of acquisition and processing directly and indirectly related to the units produced based on the normal capacity of production. </span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">At the reporting date, the net realizable value of inventories is assessed and subsequent events related to price and cost fluctuations are considered, if relevant, and a provision for losses on obsolete or slow-moving inventories may be recognized. Write-offs and reversals are recognized as "Cost of goods sold and services rendered". This classification is made by </span><span style="line-height: inherit;">M</span><span style="line-height: inherit;">anagement with the support of the industrial and operations teams.</span></span></p> </div> </ix:nonNumeric>
<ix:nonNumeric contextRef="D20241231" name="ugp:DisclosureOfInventoriesCompositionExplanatory" id="Tag275" escape="true">
<div style="border-left: none; border-right: none;">
<table cellspacing="0" cellpadding="0" style="height: 116px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 77%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Fuels, lubricants and greases </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FuelsLubricantsAndGreasesMember" name="ifrs-full:Inventories" unitRef="BRL" id="Tag5113" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,009,100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FuelsLubricantsAndGreasesMember" name="ifrs-full:Inventories" unitRef="BRL" id="Tag5111" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,367,094</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Raw materials </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_RawMaterialsMember" name="ifrs-full:Inventories" unitRef="BRL" id="Tag5112" decimals="-3" scale="3" format="ixt:num-dot-decimal">373,544</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_RawMaterialsMember" name="ifrs-full:Inventories" unitRef="BRL" id="Tag5107" decimals="-3" scale="3" format="ixt:num-dot-decimal">282,197</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">Purchase for future delivery <span style="font-size: 8pt;"><sup>(1)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_PurchaseForFutureDeliveryMember" name="ifrs-full:Inventories" unitRef="BRL" id="Tag5104" decimals="-3" scale="3" format="ixt:num-dot-decimal">255,001</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_PurchaseForFutureDeliveryMember" name="ifrs-full:Inventories" unitRef="BRL" id="Tag5108" decimals="-3" scale="3" format="ixt:num-dot-decimal">386,281</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Consumable materials and other items for resale </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_ConsumableMaterialsAndOtherItemsForResaleMember" name="ifrs-full:Inventories" unitRef="BRL" id="Tag5109" decimals="-3" scale="3" format="ixt:num-dot-decimal">129,539</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_ConsumableMaterialsAndOtherItemsForResaleMember" name="ifrs-full:Inventories" unitRef="BRL" id="Tag5124" decimals="-3" scale="3" format="ixt:num-dot-decimal">121,537</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Liquefied petroleum gas &#8211; LPG </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LiquifiedPetroleumGasMember" name="ifrs-full:Inventories" unitRef="BRL" id="Tag5085" decimals="-3" scale="3" format="ixt:num-dot-decimal">128,098</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LiquifiedPetroleumGasMember" name="ifrs-full:Inventories" unitRef="BRL" id="Tag5123" decimals="-3" scale="3" format="ixt:num-dot-decimal">112,100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Properties for resale </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_PropertiesForResaleMember" name="ifrs-full:Inventories" unitRef="BRL" id="Tag5106" decimals="-3" scale="3" format="ixt:num-dot-decimal">21,794</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_PropertiesForResaleMember" name="ifrs-full:Inventories" unitRef="BRL" id="Tag5122" decimals="-3" scale="3" format="ixt:num-dot-decimal">22,222</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:Inventories" unitRef="BRL" id="Tag5110" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,917,076</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:Inventories" unitRef="BRL" id="Tag5116" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,291,431</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> </div> <span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">(<span>1</span>) </span><span><ix:footnote xml:lang="en-US" id="footnote84" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="line-height: inherit;">Refers substantially to ethanol, biodiesel and advances for fuel acquisition.</span></ix:footnote></span></span></ix:nonNumeric>
<ix:nonNumeric contextRef="D20241231" name="ugp:DisclosureOfProvisionForLossesExplanatory" id="Tag269" escape="true">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Movements in the provision for inventory losses are as follows:</span></p>
<div style="border-left: none; border-right: none;">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 152px;" width="100%">
<tbody>
<tr style="background-color: #cceeff; height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 89%; background-color: #cceeff; height: 15px; vertical-align: bottom;" valign="bottom"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Balance as of December 31, 2021</span></td>
<td style="padding-left: 0px; padding-right: 0px; text-align: right; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><ix:nonFraction contextRef="I20211231" name="ugp:ProvisionForLossesInventories" unitRef="BRL" id="Tag5114" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,078</ix:nonFraction></span><br/></td>
<td style="padding-left: 0px; padding-right: 0px; text-align: right; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Addition to provision for adjustment to realizable value</span></td>
<td style="padding-left: 0px; padding-right: 0px; text-align: right; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><ix:nonFraction contextRef="D20221231" name="ugp:AdditionsToNetRealizableValueAdjustment" unitRef="BRL" id="Tag5115" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,028</ix:nonFraction></span></td>
<td style="padding-left: 0px; padding-right: 0px; text-align: right; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="background-color: #cceeff; height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 15px; vertical-align: bottom;" valign="bottom"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Reversal of provision for obsolescence and other losses</span></td>
<td style="padding-left: 0px; padding-right: 0px; text-align: right; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(<ix:nonFraction contextRef="D20221231" name="ugp:ReversalsOfObsolescenceAndOtherLosses" unitRef="BRL" id="Tag5118" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,180</ix:nonFraction></span></td>
<td style="padding: 0px 0px 0.5px; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; height: 15px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Balance as of December 31, 2022</span></td>
<td style="padding-left: 0px; padding-right: 0px; text-align: right; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><ix:nonFraction contextRef="I20221231" name="ugp:ProvisionForLossesInventories" unitRef="BRL" id="Tag5105" decimals="-3" scale="3" format="ixt:num-dot-decimal">21,926</ix:nonFraction></span></td>
<td style="padding-left: 0px; padding-right: 0px; text-align: right; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Reversal of provision for obsolescence and other losses </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:ReversalsOfObsolescenceAndOtherLosses" unitRef="BRL" id="Tag5121" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,301</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Reversal of provision for adjustment to realizable value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:DecreaseThroughReversalsToNetRealizableValueAdjustmentProvisionsForLossesInventories" unitRef="BRL" id="Tag5119" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,594</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Balance as of December 31, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:ProvisionForLossesInventories" unitRef="BRL" id="Tag1155" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,031</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Addition to provision for obsolescence and other losses </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ugp:AdditionsToObsolescenceAndOtherLosses" unitRef="BRL" id="Tag1152" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,680</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Reversal of provision for adjustment to realizable value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ugp:DecreaseThroughReversalsToNetRealizableValueAdjustmentProvisionsForLossesInventories" unitRef="BRL" id="Tag5120" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,791</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Balance as of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:ProvisionForLossesInventories" unitRef="BRL" id="Tag5117" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,920</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div> </ix:nonNumeric> </ix:nonNumeric>
<p style="margin: 0pt; line-height: 1.2;"><br/></p> </div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-26</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, 2023 and 2022</span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><br/></td> </tr> </tbody> </table>
<p style="text-align: justify; line-height: 1.2;;margin:0pt"><br/></p> </div>
<div style="line-height: 1.2;">
<ix:nonNumeric contextRef="D20241231" name="ugp:DisclosureOfTaxesToRecoverExplanatory" id="Tag1055" escape="true">
<div style="line-height: 1.2;">
<div style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0; background-color: #002060;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB7_1422025194410964" class="customBookmark"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; background-color: #002060; line-height: inherit;"><span style="border-left: none; border-right: none;">7</span>. Recoverable taxes</span></a></div> </div>
<div style="line-height: 1.2;">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; font-family: 'times new roman', times; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Recoverable taxes</span></p>
<ix:nonNumeric contextRef="D20241231" name="ugp:SummaryOfRecoverableTaxesTableTextBlock" id="Tag224" escape="true">
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">Recoverable taxes are substantially represented by credits of Tax on Goods and Services (&#8220;ICMS&#8221;, the Brazilian VAT), Contribution for Social Security Financing (&#8220;COFINS&#8221;)</span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">,</span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> and Social Integration Program (&#8220;PIS&#8221;).</span></p>
<div id="t_ft_IE9T6FENXS00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"><br/></td> </tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 77%;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> ICMS - State VAT (a<span>.1</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20241231_ICMSStatevatMember_6" name="ifrs-full:ReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag4794" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,416,708</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20231231_ICMSStatevatMember_1" name="ifrs-full:ReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag4777" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,365,128</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> PIS and COFINS - Federal VAT (a<span>.2</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20241231_PisAndCofinsStateVATMember" name="ifrs-full:ReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag4778" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,172,417</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20231231_PisAndCofinsStateVATMember" name="ifrs-full:ReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag4779" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,761,262</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OtherTaxesReceivableMember" name="ifrs-full:ReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag4780" decimals="-3" scale="3" format="ixt:num-dot-decimal">101,152</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20231231_OtherTaxesReceivableMember" name="ifrs-full:ReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag4781" decimals="-3" scale="3" format="ixt:num-dot-decimal">77,249</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:ReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag4785" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,690,277</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:ReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag4786" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,203,639</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:CurrentReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag4791" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,040,008</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:CurrentReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag4792" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,462,269</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:NoncurrentReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag4793" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,650,269</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:NoncurrentReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag4776" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,741,370</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> </div> </ix:nonNumeric>
<p style="margin: 10pt 0pt 10pt 17pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: -17pt;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;">a.<span>1</span></span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> The recoverable ICMS net of provision for losses is substantially related to the following operations: </span></p>
<p style="margin: 0pt 0pt 12pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">Credits</span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> are</span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> recognized mainly of the following nature: a) transactions of inputs and outputs of products subject to taxation of the own ICMS; b) interstate outflows of oil-related products, whose ICMS was prepaid by the supplier (Petr&#243;leo Brasileiro S.A. (&#8220;Petrobras&#8221;)); c) refunds of the ICMS-ST (tax substitution) overpaid when the estimated calculation basis used is higher than that of the operation effectively performed. </span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">In the second quarter of <span>2023</span>, with the enactment of Supplementary Law <span>192</span>/<span>22</span></span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> (&#8220;LC</span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <span>192</span>/<span>22</span>&#8221;)</span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">, the single-phase ICMS levy on LPG, diesel, biodiesel, gasoline</span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">,</span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> and anhydrous ethanol became effective. Due to the advent of this new calculation modality, the subsidiaries have stopped generating credits related to the refunds of ICMS-ST (tax substitution regime).</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">The amounts of recoverable ICMS are realized through the Company&#8217;s own operations subject to taxes, being a revolving credit, which means that the credits are monthly offset against the tax payable on sales and new credits are generated by the acquisition of inputs, as well as by the State's refund on tax substitution operations. Management estimates the realization of the credits classified in non-current assets within a term of up to <ix:nonNumeric contextRef="D20241231_TopOfRangeMember_ICMSStatevatMember" name="ugp:RealizationOfTaxCreditPeriod" id="Tag4758" format="ixt-sec:duryear">5</ix:nonNumeric> years.</span></p>
<ix:nonNumeric contextRef="D20241231" name="ugp:ScheduleOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTableTextBlock" id="Tag223" escape="true">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 88px; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 89%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Up to <span>1</span> year </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_ICMSStatevatMember_NotLaterThanOneYearMember" name="ifrs-full:ReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag4739" decimals="-3" scale="3" format="ixt:num-dot-decimal">513,494</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> From <span>1</span> to <span>2</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_ICMSStatevatMember_LaterThanOneYearAndNotLaterThanTwoYearsMember" name="ifrs-full:ReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag4736" decimals="-3" scale="3" format="ixt:num-dot-decimal">472,413</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> From <span>2</span> to <span>3</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_ICMSStatevatMember_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" name="ifrs-full:ReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag4737" decimals="-3" scale="3" format="ixt:num-dot-decimal">246,132</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> From <span>3</span> to <span>5</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_ICMSStatevatMember_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" name="ifrs-full:ReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag4738" decimals="-3" scale="3" format="ixt:num-dot-decimal">184,669</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total recoverable ICMS, net of provision </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_ICMSStatevatMember_6" name="ifrs-full:ReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag4735" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,416,708</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr> </tbody> </table> </ix:nonNumeric>
<p style="text-align: justify; line-height: 1.2;;margin:0pt"><br/></p>
<div>
<div style="border-right: none; border-left: none;">
<div style="border-right: none; border-left: none; text-align: justify;">
<ix:exclude>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-27</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="break-before: page; font-size: 10pt; page-break-before: always;"><a href="#TOC">Table of Contents</a></div> </div> </div>
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<td style="padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="font-weight: bold; line-height: inherit;">and</span> <span style="font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; float: none; display: inline !important;">Notes to the financial statements</span></td>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><span style="font-size: 10pt;"><span style="font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, 2023 and 2022</span></span></td>
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<p xmlns="http://www.w3.org/1999/xhtml" style="margin: 0pt; break-after: avoid; break-inside: avoid;"><br/></p> </ix:exclude> <span style="font-size: 10pt; font-family: 'times new roman', times;">The provision for ICMS losses, in the amount of R$ </span><ix:nonFraction contextRef="I20241231_SubsidiariesMember_ICMSStatevatMember" name="ugp:ReceivablesFromTaxesOtherThanIncomeTaxReclassifiedToAssetsHeldForSaleNetOfProvisionForImpairmentLosses" unitRef="BRL" id="Tag4734" decimals="-3" scale="3" format="ixt:num-dot-decimal">17,116</ix:nonFraction><span style="font-size: 10pt; font-family: 'times new roman', times;"> (R$ </span><ix:nonFraction contextRef="I20231231_SubsidiariesMember_ICMSStatevatMember" name="ugp:ReceivablesFromTaxesOtherThanIncomeTaxReclassifiedToAssetsHeldForSaleNetOfProvisionForImpairmentLosses" unitRef="BRL" id="Tag4733" decimals="-3" scale="3" format="ixt:num-dot-decimal">49,732</ix:nonFraction><span style="font-size: 10pt; font-family: 'times new roman', times;"> as of December 31, 2023), relates to tax credit of the subsidiaries whose amounts are not included within the term determined by its internal policies of provisioning.</span></div> </div> </div>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;">a.<span>2</span></span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> The recoverable PIS and COFINS are substantially related to:</span></p>
<p style="margin: 0pt 0pt 12pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;">ICMS in the PIS and COFINS calculation basis - </span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">The balance of PIS and COFINS includes credits recorded under Laws <span>10,637</span>/<span>02</span> and <span>10,833</span>/<span>03</span>, as well as amounts arising from a STF&#8217;s favorable decision regarding the exclusion of ICMS from the PIS and COFINS calculation basis.</span></p>
<p style="margin: 0pt; text-align: justify; font-family: 'times new roman', times;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;">Supplementary Law <span>192</span> -</span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> On March 11, 2022 Supplementary Law <span>192</span>/<span>22</span> was published to reduce the tax burden of the fuel supply chain. Art. <span>9</span> of said law established the reduction of the PIS and COFINS tax rates levied on diesel, biodiesel and LPG to <span>zero</span> through December 31, 2022, ensuring at the same time the maintenance of credits taken across the whole supply chain.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; font-family: 'times new roman', times; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">On May 18, 2022, Provisional Act <span>1,118</span>/<span>22</span> amended Supplementary Law <span>192</span>/<span>22</span> to eliminate the right to take PIS and Cofins credits on purchases of diesel, LPG and biodiesel by end consumers. With the enactment of said Provisional Act, on June 2, 2022, Direct Unconstitutionality Action <span>7,181</span> was filed to challenge the provision in MP <span>1,118</span>/<span>22</span>. On June 21, 2022, the Federal Supreme Court unanimously ratified the decision that considered MP <span>1,118</span>/<span>22</span> unconstitutional due to violation of the <span>90</span>-day principle. Due to such court injunction and the non-conversion of Provisional Act</span> <span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><span>1,118</span>/<span>22</span> into law, the provisions in LC <span>192</span>/<span>22</span>, which assured to all legal entities that are part of the fuel supply chain, including the Company&#8217;s subsidiaries, the maintenance of PIS and COFINS credits in connection with those transactions in the period from March 11, 2022 (LC <span>192</span>/<span>22</span> publication date) to September 21, 2022 (<span>90</span> days after the publication of LC <span>194</span>/<span>22</span> that restricted the right to take credits on taxpayers), when it became effective. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; font-family: 'times new roman', times; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">The Company, through its subsidiaries, has credits in the amount of R$ <ix:nonFraction contextRef="I20241231_SubsidiariesGroupFiveMember_PisAndCofinsStateVATMember" name="ifrs-full:ReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag4696" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,686,836</ix:nonFraction> (R$ <ix:nonFraction contextRef="I20231231_SubsidiariesGroupFiveMember_PisAndCofinsStateVATMember" name="ifrs-full:ReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag4731" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,088,303</ix:nonFraction> as of December 31, 2023) from the LC <span>192</span>/<span>22</span>. These credits were recorded considering the expectation of realization by the Company within a <span>5</span>-year period from the date of generation, period in which the Company has the ability to use these credits. The estimated realization is updated annually considering the Company's estimated future results. </span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">Due to this realization, i</span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">n the current year, the Company recognized </span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">in the line item of cost of products and services sold, </span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">additional credits of R$</span> <span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><ix:nonFraction contextRef="D20241231_SubsidiariesGroupFiveMember" name="ugp:TaxCreditsReceivedForReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag4701" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,071,269</ix:nonFraction></span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> (R$ <ix:nonFraction contextRef="D20231231_SubsidiariesGroupFiveMember" name="ugp:TaxCreditsReceivedForReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag1147" decimals="-3" scale="3" format="ixt:num-dot-decimal">563,000</ix:nonFraction> as of December 31, 2023 and <span style="font-size: 10pt; font-family: 'times new roman', times;">R$ <ix:nonFraction contextRef="D20221231_SubsidiariesGroupFiveMember" name="ugp:TaxCreditsReceivedForReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag159" decimals="-3" scale="3" format="ixt:num-dot-decimal">971,373</ix:nonFraction> as of December 31, 2022</span>)</span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">.</span></p>
<ix:nonNumeric contextRef="D20241231" name="ugp:DisclosureOfEstimatedRecoveryOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityTableTextBlock" id="Tag167" escape="true">
<p style="margin: 0pt; text-align: justify;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">The Management estimates the realization of these credits within up to <ix:nonNumeric contextRef="D20241231_PisAndCofinsStateVATMember_TopOfRangeMember_SubsidiariesGroupThreeMember" name="ugp:RealizationOfTaxCreditPeriod" id="Tag1148" format="ixt-sec:duryear">5</ix:nonNumeric> years from the constitution date, as follows:</span></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"><br/></span></p>
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<p style="margin: 0pt;"><br/></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
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<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Up to <span>1</span> year </span></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20241231_NotLaterThanOneYearMember_PisAndCofinsStateVATMember" name="ifrs-full:ReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag4668" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,434,055</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 16px;"><br/></td> </tr>
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<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> From <span>1</span> to <span>2</span> years </span></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20241231_LaterThanOneYearAndNotLaterThanTwoYearsMember_PisAndCofinsStateVATMember" name="ifrs-full:ReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag4705" decimals="-3" scale="3" format="ixt:num-dot-decimal">746,577</ix:nonFraction> </span></p> </td>
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<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> From <span>2</span> to <span>3</span> years </span></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20241231_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_PisAndCofinsStateVATMember" name="ifrs-full:ReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag4665" decimals="-3" scale="3" format="ixt:num-dot-decimal">421,674</ix:nonFraction> </span></p> </td>
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<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> From <span>3</span> to <span>5</span> years </span></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20241231_PisAndCofinsStateVATMember_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" name="ifrs-full:ReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag4700" decimals="-3" scale="3" format="ixt:num-dot-decimal">570,111</ix:nonFraction> </span></p> </td>
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<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Total recoverable PIS and COFINS </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_PisAndCofinsStateVATMember" name="ifrs-full:ReceivablesFromTaxesOtherThanIncomeTax" unitRef="BRL" id="Tag4689" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,172,417</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr> </tbody> </table> </ix:nonNumeric>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Recoverable income and social contribution taxes</span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">Comprise IRPJ and CSLL to be recovered by the Company and its subsidiaries, arising from the tax advances of previous years, as well as referring to lawsuits on the non-levy of IRPJ and CSLL on the monetary variation (SELIC) in the repetition of undue payments. The Company, through its subsidiaries, has a recoverable IRPJ and CSLL balance of R$ <ix:nonFraction contextRef="I20241231_IrpjandcsllMember" name="ifrs-full:CurrentTaxAssets" unitRef="BRL" id="Tag4669" decimals="-3" scale="3" format="ixt:num-dot-decimal">498,067</ix:nonFraction>, of which R$ <ix:nonFraction contextRef="I20241231_IrpjandcsllMember" name="ifrs-full:CurrentTaxAssetsCurrent" unitRef="BRL" id="Tag4667" decimals="-3" scale="3" format="ixt:num-dot-decimal">151,930</ix:nonFraction> recorded as current and R$ <ix:nonFraction contextRef="I20241231_IrpjandcsllMember" name="ifrs-full:CurrentTaxAssetsNoncurrent" unitRef="BRL" id="Tag4732" decimals="-3" scale="3" format="ixt:num-dot-decimal">346,137</ix:nonFraction> recorded as non-current (R$ <ix:nonFraction contextRef="I20231231_IrpjandcsllMember" name="ifrs-full:CurrentTaxAssets" unitRef="BRL" id="Tag4666" decimals="-3" scale="3" format="ixt:num-dot-decimal">396,405</ix:nonFraction>, of which R$ <ix:nonFraction contextRef="I20231231_IrpjandcsllMember" name="ifrs-full:CurrentTaxAssetsCurrent" unitRef="BRL" id="Tag4664" decimals="-3" scale="3" format="ixt:num-dot-decimal">171,051</ix:nonFraction> recorded as current and R$ <ix:nonFraction contextRef="I20231231_IrpjandcsllMember" name="ifrs-full:CurrentTaxAssetsNoncurrent" unitRef="BRL" id="Tag4706" decimals="-3" scale="3" format="ixt:num-dot-decimal">225,354</ix:nonFraction> recorded as non-current as of December 31, 2023). The Management estimates the realization of these credits within up to <ix:nonNumeric contextRef="D20241231_IrpjAndCsll1Member_TopOfRangeMember" name="ugp:RealizationOfTaxCreditPeriod" id="Tag4648" format="ixt-sec:duryear">5</ix:nonNumeric> years.</span></p> </div> </ix:nonNumeric> </div>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-28</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div> </div><div id="Do6hyjuot51dwl5jud1rz9l" style="font-family: 'times new roman', times; font-size: 10pt;">
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<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> <br/> </div>
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<div style="line-height: 1.2;">
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BSD_8_142202518637405" class="customBookmark"><span style="color: #ffffff; font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman';">8. Related parties</span></a></div>
<p style="margin: 6pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">a</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">. </span><span style="font-style: italic; font-weight: bold; line-height: inherit;">Related parties</span></span></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Balances and transactions between the Company and its subsidiaries have been eliminated in consolidation and are not disclosed in this Note. The balances and transactions between the Company and its subsidiaries with other related parties are highlighted below:</span></p>
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<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Liabilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="7" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 8pt; font-family: 'times new roman', times; font-weight: bold;"> Operating result - Sales/(Purchases) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 8pt; font-family: 'times new roman', times; font-weight: bold;"> 12/31/2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 31%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Transactions with subsidiaries and joint ventures </span></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Transactions with joint ventures </span></p> </td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Refinaria de Petr&#243;leo Riograndense S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_RefinariaDePetroleoRigrandenseSAMember_TransactionsWithJointVenturesMember" name="ugp:TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" unitRef="BRL" id="Tag752" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_RefinariaDePetroleoRigrandenseSAMember_TransactionsWithJointVenturesMember" name="ugp:TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" unitRef="BRL" id="Tag4422" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_RefinariaDePetroleoRigrandenseSAMember_TransactionsWithJointVenturesMember" name="ugp:TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" unitRef="BRL" id="Tag1079" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,846</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_RefinariaDePetroleoRigrandenseSAMember_TransactionsWithJointVenturesMember" name="ugp:TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" unitRef="BRL" id="Tag1088" decimals="-3" scale="3" format="ixt:num-dot-decimal">29,278</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_RefinariaDePetroleoRigrandenseSAMember_TransactionsWithJointVenturesMember" name="ugp:SalesPurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag1062" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">457,885</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_RefinariaDePetroleoRigrandenseSAMember_TransactionsWithJointVenturesMember" name="ugp:SalesPurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag729" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">510,510</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_TransactionsWithJointVenturesMember_RefinariaDePetroleoRigrandenseSAMember" name="ugp:SalesPurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag750" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">336,781</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Latitude Log&#237;stica Portu&#225;ria S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LatitudeLogsticaMember_TransactionsWithJointVenturesMember" name="ugp:TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" unitRef="BRL" id="Tag4473" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,862</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LatitudeLogsticaMember_TransactionsWithJointVenturesMember" name="ugp:TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" unitRef="BRL" id="Tag1142" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,393</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LatitudeLogsticaMember_TransactionsWithJointVenturesMember" name="ugp:TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" unitRef="BRL" id="Tag1066" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LatitudeLogsticaMember_TransactionsWithJointVenturesMember" name="ugp:TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" unitRef="BRL" id="Tag1111" decimals="-3" scale="3" format="ixt:num-dot-decimal">20</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LatitudeLogsticaMember_TransactionsWithJointVenturesMember" name="ugp:SalesPurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag4472" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LatitudeLogsticaMember_TransactionsWithJointVenturesMember" name="ugp:SalesPurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag4438" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><ix:nonFraction contextRef="I20221231_TransactionsWithJointVenturesMember_LatitudeLogsticaMember" name="ugp:SalesPurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag157" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Navegantes Log&#237;stica Portu&#225;ria S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_NavegantesLogisticaPortuariaSAMember_TransactionsWithJointVenturesMember" name="ugp:TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" unitRef="BRL" id="Tag4392" decimals="-3" scale="3" format="ixt:num-dot-decimal">29,406</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_NavegantesLogisticaPortuariaSAMember_TransactionsWithJointVenturesMember" name="ugp:TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" unitRef="BRL" id="Tag1065" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,703</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_NavegantesLogisticaPortuariaSAMember_TransactionsWithJointVenturesMember" name="ugp:TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" unitRef="BRL" id="Tag757" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_NavegantesLogisticaPortuariaSAMember_TransactionsWithJointVenturesMember" name="ugp:TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" unitRef="BRL" id="Tag4454" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_NavegantesLogisticaPortuariaSAMember_TransactionsWithJointVenturesMember" name="ugp:SalesPurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag4398" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_NavegantesLogisticaPortuariaSAMember_TransactionsWithJointVenturesMember" name="ugp:SalesPurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag1086" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><ix:nonFraction contextRef="I20221231_TransactionsWithJointVenturesMember_NavegantesLogisticaPortuariaSAMember" name="ugp:SalesPurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag158" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OthersJointVenturesMember_TransactionsWithJointVenturesMember" name="ugp:TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" unitRef="BRL" id="Tag758" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,943</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_OthersJointVenturesMember_TransactionsWithJointVenturesMember" name="ugp:TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" unitRef="BRL" id="Tag4475" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,874</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OthersJointVenturesMember_TransactionsWithJointVenturesMember" name="ugp:TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" unitRef="BRL" id="Tag4488" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,875</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_OthersJointVenturesMember_TransactionsWithJointVenturesMember" name="ugp:TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" unitRef="BRL" id="Tag4420" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,917</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OthersJointVenturesMember_TransactionsWithJointVenturesMember" name="ugp:SalesPurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag1089" decimals="-3" scale="3" format="ixt:num-dot-decimal">851</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_OthersJointVenturesMember_TransactionsWithJointVenturesMember" name="ugp:SalesPurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag4463" decimals="-3" scale="3" format="ixt:num-dot-decimal">571</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><ix:nonFraction contextRef="I20221231_TransactionsWithJointVenturesMember_OthersJointVenturesMember" name="ugp:SalesPurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag156" decimals="-3" scale="3" format="ixt:num-dot-decimal">784</ix:nonFraction></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Transactions with associates </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Hidrovias do Brasil S.A. </span></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TransactionsWithAssociatesMember_HidroviasDoBrasilMember" name="ugp:TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" unitRef="BRL" id="Tag1072" decimals="-3" scale="3" format="ixt:num-dot-decimal">416</ix:nonFraction> </span></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TransactionsWithAssociatesMember_HidroviasDoBrasilMember" name="ugp:TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" unitRef="BRL" id="Tag4470" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TransactionsWithAssociatesMember_HidroviasDoBrasilMember" name="ugp:TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" unitRef="BRL" id="Tag4490" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TransactionsWithAssociatesMember_HidroviasDoBrasilMember" name="ugp:TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" unitRef="BRL" id="Tag1090" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TransactionsWithAssociatesMember_HidroviasDoBrasilMember" name="ugp:SalesPurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag4428" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; text-align: right; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TransactionsWithAssociatesMember_HidroviasDoBrasilMember" name="ugp:SalesPurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag1067" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: right; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: right; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><ix:nonFraction contextRef="I20221231_TransactionsWithAssociatesMember_HidroviasDoBrasilMember" name="ugp:SalesPurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag96" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: right; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Transactions with other related parties </span></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt; line-height: 1.1;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Chevron </span><span style="line-height: inherit;">Oronite</span> <span style="line-height: inherit;">Brasil</span><span style="line-height: inherit;"> Ltda.</span><span style="line-height: inherit;"> <span style="font-size: 8pt;"><sup>(<span>1</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TransactionsWithOtherRelatedPartiesMember_ChevronOroniteBrasilLtdaMember" name="ugp:TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" unitRef="BRL" id="Tag728" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TransactionsWithOtherRelatedPartiesMember_ChevronOroniteBrasilLtdaMember" name="ugp:TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" unitRef="BRL" id="Tag4439" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TransactionsWithOtherRelatedPartiesMember_ChevronOroniteBrasilLtdaMember" name="ugp:TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" unitRef="BRL" id="Tag4407" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,434</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TransactionsWithOtherRelatedPartiesMember_ChevronOroniteBrasilLtdaMember" name="ugp:TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" unitRef="BRL" id="Tag4413" decimals="-3" scale="3" format="ixt:num-dot-decimal">53,466</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_TransactionsWithOtherRelatedPartiesMember_ChevronOroniteBrasilLtdaMember" name="ugp:SalesPurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag1094" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">195,925</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_TransactionsWithOtherRelatedPartiesMember_ChevronOroniteBrasilLtdaMember" name="ugp:SalesPurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag761" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">175,053</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_TransactionsWithOtherRelatedPartiesMember_ChevronOroniteBrasilLtdaMember" name="ugp:SalesPurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag4500" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">162,006</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="line-height: inherit;">Chevron Products Company <span style="font-size: 8pt;"><sup>(<span>1</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TransactionsWithOtherRelatedPartiesMember_ChevronProductsCompanyMember" name="ugp:TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" unitRef="BRL" id="Tag732" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TransactionsWithOtherRelatedPartiesMember_ChevronProductsCompanyMember" name="ugp:TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" unitRef="BRL" id="Tag4457" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TransactionsWithOtherRelatedPartiesMember_ChevronProductsCompanyMember" name="ugp:TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" unitRef="BRL" id="Tag4429" decimals="-3" scale="3" format="ixt:num-dot-decimal">159,432</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TransactionsWithOtherRelatedPartiesMember_ChevronProductsCompanyMember" name="ugp:TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" unitRef="BRL" id="Tag4418" decimals="-3" scale="3" format="ixt:num-dot-decimal">63,263</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_TransactionsWithOtherRelatedPartiesMember_ChevronProductsCompanyMember" name="ugp:SalesPurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag724" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">745,812</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_TransactionsWithOtherRelatedPartiesMember_ChevronProductsCompanyMember" name="ugp:SalesPurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag1068" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">370,137</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_TransactionsWithOtherRelatedPartiesMember_ChevronProductsCompanyMember" name="ugp:SalesPurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag1064" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">699,154</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TransactionsWithOtherRelatedPartiesMember_OtherRelatedPartiesMember" name="ugp:TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" unitRef="BRL" id="Tag4456" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,760</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TransactionsWithOtherRelatedPartiesMember_OtherRelatedPartiesMember" name="ugp:TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" unitRef="BRL" id="Tag1101" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,065</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TransactionsWithOtherRelatedPartiesMember_OtherRelatedPartiesMember" name="ugp:TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" unitRef="BRL" id="Tag4481" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,449</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TransactionsWithOtherRelatedPartiesMember_OtherRelatedPartiesMember" name="ugp:TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" unitRef="BRL" id="Tag4417" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,626</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_TransactionsWithOtherRelatedPartiesMember_OtherRelatedPartiesMember" name="ugp:SalesPurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag4468" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,718</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_TransactionsWithOtherRelatedPartiesMember_OtherRelatedPartiesMember" name="ugp:SalesPurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag4492" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">13,157</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_TransactionsWithOtherRelatedPartiesMember_OtherRelatedPartiesMember" name="ugp:SalesPurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag4450" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,421</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" unitRef="BRL" id="Tag4485" decimals="-3" scale="3" format="ixt:num-dot-decimal">57,387</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" unitRef="BRL" id="Tag760" decimals="-3" scale="3" format="ixt:num-dot-decimal">35,035</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" unitRef="BRL" id="Tag4388" decimals="-3" scale="3" format="ixt:num-dot-decimal">187,036</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" unitRef="BRL" id="Tag4444" decimals="-3" scale="3" format="ixt:num-dot-decimal">150,570</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231" name="ugp:SalesPurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag748" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,402,489</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231" name="ugp:SalesPurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag746" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,068,286</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20221231" name="ugp:SalesPurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag749" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,195,736</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade receivables (Note <span>5</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:AmountsReceivableRelatedPartyTransactions" unitRef="BRL" id="Tag4440" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,662</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:AmountsReceivableRelatedPartyTransactions" unitRef="BRL" id="Tag1107" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,143</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:AmountsReceivableRelatedPartyTransactions" unitRef="BRL" id="Tag153" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other receivables </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:AmountsOtherReceivablesRelatedPartyTransactions" unitRef="BRL" id="Tag1131" decimals="-3" scale="3" format="ixt:num-dot-decimal">416</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:AmountsOtherReceivablesRelatedPartyTransactions" unitRef="BRL" id="Tag4465" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><ix:nonFraction contextRef="I20221231" name="ugp:AmountsOtherReceivablesRelatedPartyTransactions" unitRef="BRL" id="Tag154" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade payables (Note <span>16</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:AmountsPayableRelatedPartyTransactions" unitRef="BRL" id="Tag4459" decimals="-3" scale="3" format="ixt:num-dot-decimal">183,520</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:AmountsPayableRelatedPartyTransactions" unitRef="BRL" id="Tag4508" decimals="-3" scale="3" format="ixt:num-dot-decimal">147,452</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:AmountsPayableRelatedPartyTransactions" unitRef="BRL" id="Tag155" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Related parties </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:RelatedPartiesAssetsRelatedPartyTransactions" unitRef="BRL" id="Tag737" decimals="-3" scale="3" format="ixt:num-dot-decimal">48,309</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:RelatedPartiesAssetsRelatedPartyTransactions" unitRef="BRL" id="Tag4471" decimals="-3" scale="3" format="ixt:num-dot-decimal">31,892</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:RelatedPartiesLiabilitiesRelatedPartyTransactions" unitRef="BRL" id="Tag1077" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,516</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:RelatedPartiesLiabilitiesRelatedPartyTransactions" unitRef="BRL" id="Tag4434" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,118</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span>-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Sales and services provided </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ugp:RevenueFromSaleOfGoodsAndRenderingOfServicesRelatedPartyTransactions" unitRef="BRL" id="Tag4501" decimals="-3" scale="3" format="ixt:num-dot-decimal">21,125</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:RevenueFromSaleOfGoodsAndRenderingOfServicesRelatedPartyTransactions" unitRef="BRL" id="Tag4601" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,779</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ugp:RevenueFromSaleOfGoodsAndRenderingOfServicesRelatedPartyTransactions" unitRef="BRL" id="Tag4402" decimals="-3" scale="3" format="ixt:num-dot-decimal">16,090</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Purchases </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:PurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag4447" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,423,614</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:PurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag730" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,083,065</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:PurchasesOfGoodsRelatedPartyTransactions" unitRef="BRL" id="Tag4464" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,211,826</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr> </tbody> </table> </div>
<div><br/></div>
<div><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="line-height: inherit;"><span style="font-size: 8pt;"><sup>(<span>1</span>)</sup></span><span><ix:footnote xml:lang="en-US" id="footnote93" footnoteRole="http://www.xbrl.org/2003/role/footnote">Non-controlling shareholders and other related parties of Iconic.</ix:footnote></span></span></span></div> </ix:nonNumeric> </div>
<div style="line-height: 1.2;">
<p style="margin: 6pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Purchase and sale transactions relate substantially to the purchase of raw materials, feedstock, transportation, and storage services based on prices and terms negotiated between the parties, with customers and suppliers with comparable operational performance.</span><a href="#TOC"></a></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">b</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">. Key executives </span></span></p>
<p style="margin: 6pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Ultrapar&#8217;s compensation policy and practices are designed to align short and long-term interests with shareholders and the Company&#8217;s sustainability. The short and long-term variable compensation is linked to growth goals in results and generated economic value, aligned with shareholders&#8217; interests. Variable compensation also directs the professionals&#8217; focus to the strategic plan approved by the Board of Directors, and is linked to annual growth targets in financial results and priority matters for the Company. For details about post-employment benefits see Note <span>17</span>.b.</span></p>
<ix:nonNumeric contextRef="D20241231" name="ugp:SummaryOfCompensationForKeyExecutivesTableTextBlock" id="Tag4" escape="true">
<div style="line-height: 1.2;">
<p style="margin: 0pt 0pt 6pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The expenses for compensation of its key executives (Company&#8217;s directors and executive officers) are shown below: </span> </p>
<div id="t_ft_YUMS4XOXR400000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 66px; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 65%; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Short-term compensation </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:KeyManagementPersonnelCompensationShorttermEmployeeBenefits" unitRef="BRL" id="Tag738" decimals="-3" scale="3" format="ixt:num-dot-decimal">51,814</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:KeyManagementPersonnelCompensationShorttermEmployeeBenefits" unitRef="BRL" id="Tag736" decimals="-3" scale="3" format="ixt:num-dot-decimal">54,396</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:KeyManagementPersonnelCompensationShorttermEmployeeBenefits" unitRef="BRL" id="Tag4474" decimals="-3" scale="3" format="ixt:num-dot-decimal">62,285</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Stock compensation </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:KeyManagementPersonnelCompensationSharebasedPayment" unitRef="BRL" id="Tag4416" decimals="-3" scale="3" format="ixt:num-dot-decimal">62,952</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:KeyManagementPersonnelCompensationSharebasedPayment" unitRef="BRL" id="Tag4487" decimals="-3" scale="3" format="ixt:num-dot-decimal">35,165</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:KeyManagementPersonnelCompensationSharebasedPayment" unitRef="BRL" id="Tag1093" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,424</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Post-employment benefits </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:KeyManagementPersonnelCompensationPostemploymentBenefits" unitRef="BRL" id="Tag1103" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,767</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:KeyManagementPersonnelCompensationPostemploymentBenefits" unitRef="BRL" id="Tag4505" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,206</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:KeyManagementPersonnelCompensationPostemploymentBenefits" unitRef="BRL" id="Tag4510" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,035</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Termination benefits </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:KeyManagementPersonnelCompensationTerminationBenefits" unitRef="BRL" id="Tag4482" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:KeyManagementPersonnelCompensationTerminationBenefits" unitRef="BRL" id="Tag4453" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,007</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="D20221231" name="ifrs-full:KeyManagementPersonnelCompensationTerminationBenefits" unitRef="BRL" id="Tag1074" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:KeyManagementPersonnelCompensation" unitRef="BRL" id="Tag4399" decimals="-3" scale="3" format="ixt:num-dot-decimal">119,533</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:KeyManagementPersonnelCompensation" unitRef="BRL" id="Tag4506" decimals="-3" scale="3" format="ixt:num-dot-decimal">94,774</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:KeyManagementPersonnelCompensation" unitRef="BRL" id="Tag1069" decimals="-3" scale="3" format="ixt:num-dot-decimal">84,744</ix:nonFraction> </span></p> </td>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-29</span></span></td> </tr> </tbody> </table> </div> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
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<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div> </ix:exclude>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">c</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">. Stock plan </span></span></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; orphans: 0; padding-left: 4.6pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span>2017</span> Plan</span></li> </ul>
<p style="margin: 0pt 0pt 12pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On April 19, 2017, the Ordinary and Extraordinary General Shareholders&#8217; Meeting (&#8220;OEGM&#8221;) approved a share-based incentive plan (&#8220;<span>2017</span> Plan&#8221;), which establishes the general terms and conditions for granting common shares issued by the Company and held in treasury, that may or may not involve the granting of usufruct of part of these shares for later transfer of the ownership of the shares, with vesting periods determined in each Program, to directors or employees of the Company or its subsidiaries. </span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As a result of the Plan approved in <span>2017</span>, common shares representing at most <ix:nonFraction contextRef="D20170419_DeferredStockUnitPlanMember_KeyManagementPersonnelOfEntityOrParentMember" name="ugp:ParticipationPercentageOfShareCapital" unitRef="Pure" id="Tag4425" decimals="2" scale="-2" format="ixt:num-dot-decimal">1</ix:nonFraction>% of the Company's share capital could be delivered to the participants, which corresponded, at the date of approval of this Plan, to <ix:nonFraction contextRef="I20170419" name="ifrs-full:SharesReservedForIssueUnderOptionsAndContractsForSaleOfShares" unitRef="Shares" id="Tag1104" decimals="0" format="ixt:num-dot-decimal">11,128,102</ix:nonFraction> common shares.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">At the OEGM held on April 19, 2023, the <span>2017</span> Plan was amended, permitting that, if the participant becomes a member of the Company's Board of Directors, thus ceasing to hold any other executive position, the right to receive ownership of the shares will be preserved, maintaining the conditions and other requirements established in the applicable programs and in each agreement. </span></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; orphans: 0; padding-left: 4.6pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span>2023</span> Plan</span></li> </ul>
<p style="margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="line-height: inherit;">The share-based incentive plan ("<span>2023</span> Plan") establishes the general terms and conditions for the Company or its subsidiaries to grant common shares issued by them </span><span style="line-height: inherit;">and </span><span style="line-height: inherit;">held in treasury, to the Management, including the members of Ultrapar's Board of Directors, or employees of the Company or of companies under its direct or indirect control, that may involve the granting of usufruct for later transfer of the ownership of the shares, subject to the terms and conditions set forth in the <span>2023</span> Plan. In the case of members of the Board of Directors, the grants will be mandatorily linked to the remuneration approved by the shareholders at the Ordinary General Shareholders&#8217; Meeting.</span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As a result of the <span>2023</span> Plan, common shares representing at most <ix:nonFraction contextRef="D20231231_DeferredStockUnitPlanMember_KeyManagementPersonnelOfEntityOrParentMember" name="ugp:ParticipationPercentageOfShareCapital" unitRef="Pure" id="Tag4396" decimals="2" scale="-2" format="ixt:num-dot-decimal">5</ix:nonFraction>% of the Company's share capital may be delivered to the participants, which corresponded, at the date of approval of said Plan, to <ix:nonFraction contextRef="I20231231" name="ifrs-full:SharesReservedForIssueUnderOptionsAndContractsForSaleOfShares" unitRef="Shares" id="Tag4497" decimals="0" format="ixt:num-dot-decimal">55,760,215</ix:nonFraction> common shares. Annually, a maximum of <ix:nonFraction contextRef="D20231231_TopOfRangeMember" name="ugp:ParticipationPercentageOfShareCapital" unitRef="Pure" id="Tag4467" decimals="2" scale="-2" format="ixt:num-dot-decimal">1</ix:nonFraction>% of this limit may be used.</span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"> <br/></p> </div>
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<ix:nonNumeric contextRef="D20241231" name="ugp:ScheduleOfRestrictedAndPerformanceStockProgramsTableTextBlock" id="Tag773" escape="true">
<p style="margin: 0pt 0pt 12pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below summarizes the restricted and performance stock programs under the <span>2017</span> Plan and the <span>2023</span> Plan:</span></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Program </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Grant date </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Number of shares granted (Quantity) </span></p> </td>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Vesting period </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 8pt; font-family: 'times new roman', times; font-weight: bold;"> Fair value of shares on the grant date (in R$) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total exercisable grant costs, including taxes (in R$ thousands) </span></p> </td>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Accumulated recognized exercisable grant costs (in R$ thousands) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Unrecognized exercisable grant costs (in R$ thousands) </span></p> </td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 17%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_GrantDateSeptember22019Member_RestrictedStockAwardMember" name="ifrs-full:DateOfGrantOfSharebasedPaymentArrangement" id="Tag735" escape="false">September 2, 2019</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateSeptember22019Member_RestrictedStockAwardMember" name="ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted" unitRef="Shares" id="Tag4443" decimals="0" format="ixt:num-dot-decimal">240,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_GrantDateSeptember22019Member_RestrictedStockAwardMember" name="ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" id="Tag4445" escape="false">2025</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateSeptember22019Member_RestrictedStockAwardMember" name="ifrs-full:WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019" unitRef="BRLPerShare" id="Tag1100" decimals="2" format="ixt:num-dot-decimal">16.42</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateSeptember22019Member_RestrictedStockAwardMember" name="ifrs-full:ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" unitRef="BRL" id="Tag4460" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,774</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_GrantDateSeptember22019Member_RestrictedStockAwardMember" name="ugp:AccumulatedRecognizedExercisableGrantCosts" unitRef="BRL" id="Tag1106" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,024</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateSeptember22019Member_RestrictedStockAwardMember" name="ugp:AccumulatedUnrecognizedExercisableGrantCosts" unitRef="BRL" id="Tag819" decimals="-3" scale="3" format="ixt:num-dot-decimal">750</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_GrantDateApril12020Member_RestrictedStockAwardMember" name="ifrs-full:DateOfGrantOfSharebasedPaymentArrangement" id="Tag4397" escape="false">April 1, 2020</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateApril12020Member_RestrictedStockAwardMember" name="ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted" unitRef="Shares" id="Tag4423" decimals="0" format="ixt:num-dot-decimal">39,084</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_GrantDateApril12020Member_RestrictedStockAwardMember" name="ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" id="Tag4449" escape="false">2025</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateApril12020Member_RestrictedStockAwardMember" name="ifrs-full:WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019" unitRef="BRLPerShare" id="Tag4421" decimals="2" format="ixt:num-dot-decimal">12.53</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateApril12020Member_RestrictedStockAwardMember" name="ifrs-full:ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" unitRef="BRL" id="Tag731" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,124</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_GrantDateApril12020Member_RestrictedStockAwardMember" name="ugp:AccumulatedRecognizedExercisableGrantCosts" unitRef="BRL" id="Tag734" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,074</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateApril12020Member_RestrictedStockAwardMember" name="ugp:AccumulatedUnrecognizedExercisableGrantCosts" unitRef="BRL" id="Tag1084" decimals="-3" scale="3" format="ixt:num-dot-decimal">50</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Performance </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_PerformanceStockAwardMember_GrantDateApril12020Member" name="ifrs-full:DateOfGrantOfSharebasedPaymentArrangement" id="Tag4403" escape="false">April 1, 2020</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_PerformanceStockAwardMember_GrantDateApril12020Member" name="ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted" unitRef="Shares" id="Tag4405" decimals="0" format="ixt:num-dot-decimal">55,074</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_PerformanceStockAwardMember_GrantDateApril12020Member" name="ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" id="Tag1092" escape="false">2025</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_PerformanceStockAwardMember_GrantDateApril12020Member" name="ifrs-full:WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019" unitRef="BRLPerShare" id="Tag4432" decimals="2" format="ixt:num-dot-decimal">12.53</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_PerformanceStockAwardMember_GrantDateApril12020Member" name="ifrs-full:ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" unitRef="BRL" id="Tag4462" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,324</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_PerformanceStockAwardMember_GrantDateApril12020Member" name="ugp:AccumulatedRecognizedExercisableGrantCosts" unitRef="BRL" id="Tag4400" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,268</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_PerformanceStockAwardMember_GrantDateApril12020Member" name="ugp:AccumulatedUnrecognizedExercisableGrantCosts" unitRef="BRL" id="Tag1078" decimals="-3" scale="3" format="ixt:num-dot-decimal">56</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_GrantDateSeptember162020Member_RestrictedStockAwardMember" name="ifrs-full:DateOfGrantOfSharebasedPaymentArrangement" id="Tag1129" escape="false">September 16, 2020</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateSeptember162020Member_RestrictedStockAwardMember" name="ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted" unitRef="Shares" id="Tag4455" decimals="0" format="ixt:num-dot-decimal">140,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_GrantDateSeptember162020Member_RestrictedStockAwardMember" name="ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" id="Tag4424" escape="false">2026</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateSeptember162020Member_RestrictedStockAwardMember" name="ifrs-full:WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019" unitRef="BRLPerShare" id="Tag4406" decimals="2" format="ixt:num-dot-decimal">23.03</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateSeptember162020Member_RestrictedStockAwardMember" name="ifrs-full:ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" unitRef="BRL" id="Tag4408" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,464</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_GrantDateSeptember162020Member_RestrictedStockAwardMember" name="ugp:AccumulatedRecognizedExercisableGrantCosts" unitRef="BRL" id="Tag4391" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,946</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateSeptember162020Member_RestrictedStockAwardMember" name="ugp:AccumulatedUnrecognizedExercisableGrantCosts" unitRef="BRL" id="Tag4436" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,518</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_GrantDateSeptember222021Member_RestrictedStockAwardMember" name="ifrs-full:DateOfGrantOfSharebasedPaymentArrangement" id="Tag4499" escape="false">September 22, 2021</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateSeptember222021Member_RestrictedStockAwardMember" name="ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted" unitRef="Shares" id="Tag4483" decimals="0" format="ixt:num-dot-decimal">1,000,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_GrantDateSeptember222021Member_RestrictedStockAwardMember" name="ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" id="Tag754" escape="false">2027</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateSeptember222021Member_RestrictedStockAwardMember" name="ifrs-full:WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019" unitRef="BRLPerShare" id="Tag4411" decimals="2" format="ixt:num-dot-decimal">14.17</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateSeptember222021Member_RestrictedStockAwardMember" name="ifrs-full:ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" unitRef="BRL" id="Tag1112" decimals="-3" scale="3" format="ixt:num-dot-decimal">24,093</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_GrantDateSeptember222021Member_RestrictedStockAwardMember" name="ugp:AccumulatedRecognizedExercisableGrantCosts" unitRef="BRL" id="Tag4401" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,339</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateSeptember222021Member_RestrictedStockAwardMember" name="ugp:AccumulatedUnrecognizedExercisableGrantCosts" unitRef="BRL" id="Tag4390" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,754</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_GrantDateApril62022Member_RestrictedStockAwardMember" name="ifrs-full:DateOfGrantOfSharebasedPaymentArrangement" id="Tag4498" escape="false">April 6, 2022</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateApril62022Member_RestrictedStockAwardMember" name="ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted" unitRef="Shares" id="Tag4448" decimals="0" format="ixt:num-dot-decimal">634,165</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_GrantDateApril62022Member_RestrictedStockAwardMember" name="ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" id="Tag1063" escape="false">2025</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateApril62022Member_RestrictedStockAwardMember" name="ifrs-full:WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019" unitRef="BRLPerShare" id="Tag4504" decimals="2" format="ixt:num-dot-decimal">14.16</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateApril62022Member_RestrictedStockAwardMember" name="ifrs-full:ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" unitRef="BRL" id="Tag1110" decimals="-3" scale="3" format="ixt:num-dot-decimal">16,906</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_GrantDateApril62022Member_RestrictedStockAwardMember" name="ugp:AccumulatedRecognizedExercisableGrantCosts" unitRef="BRL" id="Tag1083" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,508</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateApril62022Member_RestrictedStockAwardMember" name="ugp:AccumulatedUnrecognizedExercisableGrantCosts" unitRef="BRL" id="Tag4507" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,398</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Performance </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_PerformanceStockAwardMember_GrantDateApril62022Member" name="ifrs-full:DateOfGrantOfSharebasedPaymentArrangement" id="Tag4437" escape="false">April 6, 2022</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_PerformanceStockAwardMember_GrantDateApril62022Member" name="ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted" unitRef="Shares" id="Tag1097" decimals="0" format="ixt:num-dot-decimal">1,007,324</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_PerformanceStockAwardMember_GrantDateApril62022Member" name="ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" id="Tag4494" escape="false">2025</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_PerformanceStockAwardMember_GrantDateApril62022Member" name="ifrs-full:WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019" unitRef="BRLPerShare" id="Tag4410" decimals="2" format="ixt:num-dot-decimal">14.16</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_PerformanceStockAwardMember_GrantDateApril62022Member" name="ifrs-full:ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" unitRef="BRL" id="Tag4394" decimals="-3" scale="3" format="ixt:num-dot-decimal">26,829</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_PerformanceStockAwardMember_GrantDateApril62022Member" name="ugp:AccumulatedRecognizedExercisableGrantCosts" unitRef="BRL" id="Tag1091" decimals="-3" scale="3" format="ixt:num-dot-decimal">24,802</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_PerformanceStockAwardMember_GrantDateApril62022Member" name="ugp:AccumulatedUnrecognizedExercisableGrantCosts" unitRef="BRL" id="Tag4515" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,027</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_GrantDateSeptember212022Member_RestrictedStockAwardMember" name="ifrs-full:DateOfGrantOfSharebasedPaymentArrangement" id="Tag4484" escape="false">September 21, 2022</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateSeptember212022Member_RestrictedStockAwardMember" name="ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted" unitRef="Shares" id="Tag726" decimals="0" format="ixt:num-dot-decimal">2,640,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_GrantDateSeptember212022Member_RestrictedStockAwardMember" name="ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" id="Tag1070" escape="false">2032</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateSeptember212022Member_RestrictedStockAwardMember" name="ifrs-full:WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019" unitRef="BRLPerShare" id="Tag727" decimals="2" format="ixt:num-dot-decimal">12.98</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateSeptember212022Member_RestrictedStockAwardMember" name="ifrs-full:ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" unitRef="BRL" id="Tag4502" decimals="-3" scale="3" format="ixt:num-dot-decimal">64,048</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_GrantDateSeptember212022Member_RestrictedStockAwardMember" name="ugp:AccumulatedRecognizedExercisableGrantCosts" unitRef="BRL" id="Tag5441" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,945</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateSeptember212022Member_RestrictedStockAwardMember" name="ugp:AccumulatedUnrecognizedExercisableGrantCosts" unitRef="BRL" id="Tag725" decimals="-3" scale="3" format="ixt:num-dot-decimal">49,103</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_GrantDateDecember72022Member_RestrictedStockAwardMember" name="ifrs-full:DateOfGrantOfSharebasedPaymentArrangement" id="Tag1085" escape="false">December 7, 2022</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateDecember72022Member_RestrictedStockAwardMember" name="ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted" unitRef="Shares" id="Tag4469" decimals="0" format="ixt:num-dot-decimal">1,500,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_GrantDateDecember72022Member_RestrictedStockAwardMember" name="ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" id="Tag4513" escape="false">2032</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateDecember72022Member_RestrictedStockAwardMember" name="ifrs-full:WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019" unitRef="BRLPerShare" id="Tag1105" decimals="2" format="ixt:num-dot-decimal">13.47</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateDecember72022Member_RestrictedStockAwardMember" name="ifrs-full:ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" unitRef="BRL" id="Tag4495" decimals="-3" scale="3" format="ixt:num-dot-decimal">37,711</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_GrantDateDecember72022Member_RestrictedStockAwardMember" name="ugp:AccumulatedRecognizedExercisableGrantCosts" unitRef="BRL" id="Tag745" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,860</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateDecember72022Member_RestrictedStockAwardMember" name="ugp:AccumulatedUnrecognizedExercisableGrantCosts" unitRef="BRL" id="Tag747" decimals="-3" scale="3" format="ixt:num-dot-decimal">29,851</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_GrantDateApril202023OneMember_RestrictedStockAwardMember" name="ifrs-full:DateOfGrantOfSharebasedPaymentArrangement" id="Tag4442" escape="false">April 20, 2023</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateApril202023OneMember_RestrictedStockAwardMember" name="ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted" unitRef="Shares" id="Tag4466" decimals="0" format="ixt:num-dot-decimal">311,324</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_GrantDateApril202023OneMember_RestrictedStockAwardMember" name="ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" id="Tag755" escape="false">2025</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateApril202023OneMember_RestrictedStockAwardMember" name="ifrs-full:WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019" unitRef="BRLPerShare" id="Tag4493" decimals="2" format="ixt:num-dot-decimal">14.50</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateApril202023OneMember_RestrictedStockAwardMember" name="ifrs-full:ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" unitRef="BRL" id="Tag1071" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,472</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_GrantDateApril202023OneMember_RestrictedStockAwardMember" name="ugp:AccumulatedRecognizedExercisableGrantCosts" unitRef="BRL" id="Tag4389" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,538</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateApril202023OneMember_RestrictedStockAwardMember" name="ugp:AccumulatedUnrecognizedExercisableGrantCosts" unitRef="BRL" id="Tag4426" decimals="-3" scale="3" format="ixt:num-dot-decimal">934</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_GrantDateApril202023TwoMember_RestrictedStockAwardMember" name="ifrs-full:DateOfGrantOfSharebasedPaymentArrangement" id="Tag4433" escape="false">April 20, 2023</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateApril202023TwoMember_RestrictedStockAwardMember" name="ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted" unitRef="Shares" id="Tag759" decimals="0" format="ixt:num-dot-decimal">1,146,194</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_GrantDateApril202023TwoMember_RestrictedStockAwardMember" name="ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" id="Tag762" escape="false">2026</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateApril202023TwoMember_RestrictedStockAwardMember" name="ifrs-full:WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019" unitRef="BRLPerShare" id="Tag1087" decimals="2" format="ixt:num-dot-decimal">14.50</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateApril202023TwoMember_RestrictedStockAwardMember" name="ifrs-full:ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" unitRef="BRL" id="Tag741" decimals="-3" scale="3" format="ixt:num-dot-decimal">31,039</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_GrantDateApril202023TwoMember_RestrictedStockAwardMember" name="ugp:AccumulatedRecognizedExercisableGrantCosts" unitRef="BRL" id="Tag4489" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,129</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrantDateApril202023TwoMember_RestrictedStockAwardMember" name="ugp:AccumulatedUnrecognizedExercisableGrantCosts" unitRef="BRL" id="Tag753" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,910</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Performance </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_PerformanceStockAwardMember_GrantDateApril202023OneMember" name="ifrs-full:DateOfGrantOfSharebasedPaymentArrangement" id="Tag4478" escape="false">April 20, 2023</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_PerformanceStockAwardMember_GrantDateApril202023OneMember" name="ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted" unitRef="Shares" id="Tag4412" decimals="0" format="ixt:num-dot-decimal">1,156,903</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_PerformanceStockAwardMember_GrantDateApril202023OneMember" name="ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" id="Tag1099" escape="false">2026</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_PerformanceStockAwardMember_GrantDateApril202023OneMember" name="ifrs-full:WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019" unitRef="BRLPerShare" id="Tag739" decimals="2" format="ixt:num-dot-decimal">14.50</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_PerformanceStockAwardMember_GrantDateApril202023OneMember" name="ifrs-full:ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" unitRef="BRL" id="Tag4491" decimals="-3" scale="3" format="ixt:num-dot-decimal">31,320</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_PerformanceStockAwardMember_GrantDateApril202023OneMember" name="ugp:AccumulatedRecognizedExercisableGrantCosts" unitRef="BRL" id="Tag4441" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,410</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_PerformanceStockAwardMember_GrantDateApril202023OneMember" name="ugp:AccumulatedUnrecognizedExercisableGrantCosts" unitRef="BRL" id="Tag4393" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,910</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_RestrictedStockAwardMember_GrantDateSeptember202023Member" name="ifrs-full:DateOfGrantOfSharebasedPaymentArrangement" id="Tag4509" escape="false">September 20, 2023</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RestrictedStockAwardMember_GrantDateSeptember202023Member" name="ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted" unitRef="Shares" id="Tag4461" decimals="0" format="ixt:num-dot-decimal">3,800,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_RestrictedStockAwardMember_GrantDateSeptember202023Member" name="ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" id="Tag1134" escape="false">2033</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RestrictedStockAwardMember_GrantDateSeptember202023Member" name="ifrs-full:WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019" unitRef="BRLPerShare" id="Tag806" decimals="2" format="ixt:num-dot-decimal">18.75</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RestrictedStockAwardMember_GrantDateSeptember202023Member" name="ifrs-full:ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" unitRef="BRL" id="Tag4435" decimals="-3" scale="3" format="ixt:num-dot-decimal">132,784</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_RestrictedStockAwardMember_GrantDateSeptember202023Member" name="ugp:AccumulatedRecognizedExercisableGrantCosts" unitRef="BRL" id="Tag818" decimals="-3" scale="3" format="ixt:num-dot-decimal">17,712</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RestrictedStockAwardMember_GrantDateSeptember202023Member" name="ugp:AccumulatedUnrecognizedExercisableGrantCosts" unitRef="BRL" id="Tag4404" decimals="-3" scale="3" format="ixt:num-dot-decimal">115,072</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_RestrictedStockAwardMember_GrantDateApril172024Member" name="ifrs-full:DateOfGrantOfSharebasedPaymentArrangement" id="Tag1108" escape="false">April 17, 2024</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RestrictedStockAwardMember_GrantDateApril172024Member" name="ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted" unitRef="Shares" id="Tag1073" decimals="0" format="ixt:num-dot-decimal">3,495,953</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_RestrictedStockAwardMember_GrantDateApril172024Member" name="ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" id="Tag4395" escape="false">2027 to 2029</ix:nonNumeric></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RestrictedStockAwardMember_GrantDateApril172024Member" name="ifrs-full:WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019" unitRef="BRLPerShare" id="Tag4496" decimals="2" format="ixt:num-dot-decimal">26.94</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RestrictedStockAwardMember_GrantDateApril172024Member" name="ifrs-full:ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" unitRef="BRL" id="Tag740" decimals="-3" scale="3" format="ixt:num-dot-decimal">177,651</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_RestrictedStockAwardMember_GrantDateApril172024Member" name="ugp:AccumulatedRecognizedExercisableGrantCosts" unitRef="BRL" id="Tag4427" decimals="-3" scale="3" format="ixt:num-dot-decimal">31,656</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RestrictedStockAwardMember_GrantDateApril172024Member" name="ugp:AccumulatedUnrecognizedExercisableGrantCosts" unitRef="BRL" id="Tag744" decimals="-3" scale="3" format="ixt:num-dot-decimal">145,995</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_RestrictedStockAwardMember_GrantDateJune192024Member" name="ifrs-full:DateOfGrantOfSharebasedPaymentArrangement" id="Tag4430" escape="false">June 19, 2024</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RestrictedStockAwardMember_GrantDateJune192024Member" name="ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted" unitRef="Shares" id="Tag1095" decimals="0" format="ixt:num-dot-decimal">60,683</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_RestrictedStockAwardMember_GrantDateJune192024Member" name="ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" id="Tag4514" escape="false">2027</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RestrictedStockAwardMember_GrantDateJune192024Member" name="ifrs-full:WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019" unitRef="BRLPerShare" id="Tag1075" decimals="2" format="ixt:num-dot-decimal">21.47</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RestrictedStockAwardMember_GrantDateJune192024Member" name="ifrs-full:ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" unitRef="BRL" id="Tag1098" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,468</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_RestrictedStockAwardMember_GrantDateJune192024Member" name="ugp:AccumulatedRecognizedExercisableGrantCosts" unitRef="BRL" id="Tag1081" decimals="-3" scale="3" format="ixt:num-dot-decimal">411</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RestrictedStockAwardMember_GrantDateJune192024Member" name="ugp:AccumulatedUnrecognizedExercisableGrantCosts" unitRef="BRL" id="Tag4419" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,057</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_RestrictedStockAwardMember_GrantDateOctober12024Member" name="ifrs-full:DateOfGrantOfSharebasedPaymentArrangement" id="Tag4414" escape="false">October 1, 2024</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RestrictedStockAwardMember_GrantDateOctober12024Member" name="ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted" unitRef="Shares" id="Tag4480" decimals="0" format="ixt:num-dot-decimal">1,295,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_RestrictedStockAwardMember_GrantDateOctober12024Member" name="ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" id="Tag1109" escape="false">2034</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RestrictedStockAwardMember_GrantDateOctober12024Member" name="ifrs-full:WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019" unitRef="BRLPerShare" id="Tag4431" decimals="2" format="ixt:num-dot-decimal">23.10</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RestrictedStockAwardMember_GrantDateOctober12024Member" name="ifrs-full:ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" unitRef="BRL" id="Tag4512" decimals="-3" scale="3" format="ixt:num-dot-decimal">55,785</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_RestrictedStockAwardMember_GrantDateOctober12024Member" name="ugp:AccumulatedRecognizedExercisableGrantCosts" unitRef="BRL" id="Tag4409" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,395</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RestrictedStockAwardMember_GrantDateOctober12024Member" name="ugp:AccumulatedUnrecognizedExercisableGrantCosts" unitRef="BRL" id="Tag4451" decimals="-3" scale="3" format="ixt:num-dot-decimal">54,390</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 12px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 12px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted" unitRef="Shares" id="Tag4476" decimals="0" format="ixt:num-dot-decimal">18,521,704</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" unitRef="BRL" id="Tag764" decimals="-3" scale="3" format="ixt:num-dot-decimal">622,792</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ugp:AccumulatedRecognizedExercisableGrantCosts" unitRef="BRL" id="Tag4415" decimals="-3" scale="3" format="ixt:num-dot-decimal">183,017</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ugp:AccumulatedUnrecognizedExercisableGrantCosts" unitRef="BRL" id="Tag733" decimals="-3" scale="3" format="ixt:num-dot-decimal">439,775</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> </div> </ix:nonNumeric>
<div style="border-left: none; border-right: none;">
<ix:exclude>
<p xmlns="http://www.w3.org/1999/xhtml" style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><br/></p>
<div xmlns="http://www.w3.org/1999/xhtml">
<div id="t_ft_3OUWS7620G00000000000000000000b">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-30</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<div xmlns="http://www.w3.org/1999/xhtml">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div> </ix:exclude>
<ix:nonNumeric contextRef="D20241231" name="ugp:DisclosureOfSummarizedChangesOfNumberOfRestrictedAndPerformanceSharesGrantedExplanatory" id="Tag3" escape="true">
<div><br/>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 206px;" width="100%">
<tbody>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 89%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; font-weight: bold;"> Number of shares as of December 31, 2021 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_RestrictedAndPerformanceStockMember" name="ifrs-full:NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" unitRef="Shares" id="Tag1096" decimals="0" format="ixt:num-dot-decimal">4,415,294</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Shares granted during the year </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_RestrictedAndPerformanceStockMember" name="ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted" unitRef="Shares" id="Tag743" decimals="0" format="ixt:num-dot-decimal">5,702,027</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cancellation of granted shares due to termination of executive employment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_RestrictedAndPerformanceStockMember" name="ifrs-full:NumberOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement" unitRef="Shares" id="Tag4452" decimals="0" format="ixt:num-dot-decimal">934,310</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Shares transferred (vesting) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_RestrictedAndPerformanceStockMember" name="ifrs-full:NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement" unitRef="Shares" id="Tag756" decimals="0" format="ixt:num-dot-decimal">484,651</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Reclassification from assets held for sale </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_RestrictedAndPerformanceStockMember" name="ugp:NumberOfOtherEquityInstrumentsReclassifiedFromHeldForSaleInShareBasedPaymentArrangement" unitRef="Shares" id="Tag4477" decimals="0" format="ixt:num-dot-decimal">236,344</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Number of shares as of December 31, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_RestrictedAndPerformanceStockMember" name="ifrs-full:NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" unitRef="Shares" id="Tag4446" decimals="0" format="ixt:num-dot-decimal">8,934,704</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Shares granted during the year </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_RestrictedAndPerformanceStockMember" name="ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted" unitRef="Shares" id="Tag4479" decimals="0" format="ixt:num-dot-decimal">6,930,871</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cancellation of granted shares due to termination of executive employment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_RestrictedAndPerformanceStockMember" name="ifrs-full:NumberOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement" unitRef="Shares" id="Tag4458" decimals="0" format="ixt:num-dot-decimal">583,180</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Shares transferred (vesting) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_RestrictedAndPerformanceStockMember" name="ifrs-full:NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement" unitRef="Shares" id="Tag4486" decimals="0" format="ixt:num-dot-decimal">447,800</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Number of shares as of December 31, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_RestrictedAndPerformanceStockMember" name="ifrs-full:NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" unitRef="Shares" id="Tag4503" decimals="0" format="ixt:num-dot-decimal">14,834,595</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Shares granted during the year </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RestrictedAndPerformanceStockMember" name="ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted" unitRef="Shares" id="Tag1080" decimals="0" format="ixt:num-dot-decimal">5,061,396</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cancellation of granted shares due to termination of executive employment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_RestrictedAndPerformanceStockMember" name="ifrs-full:NumberOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement" unitRef="Shares" id="Tag4511" decimals="0" format="ixt:num-dot-decimal">139,105</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Shares transferred (vesting) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_RestrictedAndPerformanceStockMember" name="ifrs-full:NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement" unitRef="Shares" id="Tag1082" decimals="0" format="ixt:num-dot-decimal">1,235,182</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Number of shares as of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_RestrictedAndPerformanceStockMember" name="ifrs-full:NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" unitRef="Shares" id="Tag742" decimals="0" format="ixt:num-dot-decimal">18,521,704</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td> </tr> </tbody> </table> </div> </ix:nonNumeric> </div>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: justify; text-indent: 0pt;"> <br/></p> </div>
<div style="line-height: 1.2;">
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">The Company does not have shares that were not transferred after the period for transfer of the ownership of the shares. For the year ended December 31, 2024, an expense in the amount of R$ <ix:nonFraction contextRef="D20241231_RestrictedAndPerformanceStockMember" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag1076" decimals="-3" scale="3" format="ixt:num-dot-decimal">112,277</ix:nonFraction> was recognized in relation to the Plan (R$ <ix:nonFraction contextRef="D20231231_RestrictedAndPerformanceStockMember" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag1102" decimals="-3" scale="3" format="ixt:num-dot-decimal">70,770</ix:nonFraction> for the year ended December 31, 2023</span><span style="line-height: inherit;"> and</span><span style="line-height: inherit;"> R$ </span><span style="line-height: inherit;"><ix:nonFraction contextRef="D20221231_RestrictedAndPerformanceStockMember" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag751" decimals="-3" scale="3" format="ixt:num-dot-decimal">38,204</ix:nonFraction> for the year ended December</span><span style="line-height: inherit;"> 31,2022</span><span style="line-height: inherit;">).</span></span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For all plans, settlements are made only with the delivery of treasury shares. The values of the grants were determined on the granting date based on the market value of these shares on B<span>3</span> (the Brazilian Stock Exchange).</span></p> </div> </ix:nonNumeric> </div> </div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div style="line-height: 1.2;">
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfIncomeTaxExplanatory" id="Tag807" escape="true">
<div style="line-height: 1.2;">
<div style="background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB9_142202521613441" class="customBookmark"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span>9</span>. Income and social contribution taxes</span></a></div>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory" id="Tag231" escape="true">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Current and deferred income tax (&#8220;IRPJ&#8221;) and social contribution on net income tax (&#8220;CSLL&#8221;) are calculated based on their current rates. For the calculation of current IRPJ, the value of tax incentives is also considered. At the end of the fiscal year the portion of the profit corresponding to these investment grants is allocated to the constitution of a tax incentive reserve in subsidiaries&#8217; equity and is excluded from the dividend calculation basis and subsequently capitalized. Taxes are recognized based on the rates of IRPJ and CSLL provided for by the laws enacted on the last day of the financial statements. The current rates in Brazil are <ix:nonFraction contextRef="D20241231_IRPJMember" name="ifrs-full:ApplicableTaxRate" unitRef="Pure" id="Tag4566" decimals="2" scale="-2" format="ixt:num-dot-decimal">25</ix:nonFraction>% for IRPJ and <ix:nonFraction contextRef="D20241231_CSLLMember" name="ifrs-full:ApplicableTaxRate" unitRef="Pure" id="Tag4645" decimals="2" scale="-2" format="ixt:num-dot-decimal">9</ix:nonFraction>% for CSLL.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Deferred IRPJ and CSLL are recognized when a temporary difference between the tax and accounting balances exists, given that tax credits and debits are not subject to the statute of limitations, and mainly result from provisions for differences between cash and accrual basis, tax loss carryforwards, leasing operations, negative bases and provisions for tax, civil, and labor risks. Deferred tax assets are sustained by the continued profitability of their operations.</span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For purposes of disclosure, deferred tax assets were offset against deferred tax liabilities, in the same taxable entity.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">On December 27, 2024, Law <span>15,079</span> was published, which introduce the Additional of CSLL to adapt Brazilian legislation to the GloBE Rules, aligning the country to Pillar <span>2</span> of the BEPS of OECD. This guideline establishes a minimum global tax rate of <span>15</span>% for multinationals with annual revenues exceeding &#8364; <span>750</span> million.</span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Management assessed and concluded that no relevant effects on the Company's financial statements are expected.</span></p> </ix:nonNumeric>
<ix:exclude>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-31</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
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<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"/> </tr> </tbody> </table> </ix:exclude>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-style: italic; font-weight: bold;">a. Deferred income (IRPJ) and social contribution taxes (CSLL)</span></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><br/></p>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfDeferredTaxesExplanatory" id="Tag774" escape="true">
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
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<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Assets - deferred income and social contribution taxes on: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for losses with assets </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:DeferredIncomeAndSocialContributionTaxesProvisionForImpairmentOfAssets" unitRef="BRL" id="Tag4662" decimals="-3" scale="3" format="ixt:num-dot-decimal">41,467</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:DeferredIncomeAndSocialContributionTaxesProvisionForImpairmentOfAssets" unitRef="BRL" id="Tag4640" decimals="-3" scale="3" format="ixt:num-dot-decimal">46,863</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provisions for tax, civil and labor risks </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:DeferredIncomeAndSocialContributionTaxesProvisionsFortaxCivilAndLaborRisks" unitRef="BRL" id="Tag4597" decimals="-3" scale="3" format="ixt:num-dot-decimal">188,495</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:DeferredIncomeAndSocialContributionTaxesProvisionsFortaxCivilAndLaborRisks" unitRef="BRL" id="Tag4646" decimals="-3" scale="3" format="ixt:num-dot-decimal">326,662</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for post-employment benefits </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:DeferredIncomeAndSocialContributionTaxesProvisionForPostEmploymentBenefits" unitRef="BRL" id="Tag4661" decimals="-3" scale="3" format="ixt:num-dot-decimal">76,166</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:DeferredIncomeAndSocialContributionTaxesProvisionForPostEmploymentBenefits" unitRef="BRL" id="Tag4670" decimals="-3" scale="3" format="ixt:num-dot-decimal">90,451</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Provision for differences between cash and accrual basis <span style="font-size: 8pt;"><sup>(i)</sup></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisAssets" unitRef="BRL" id="Tag4537" decimals="-3" scale="3" format="ixt:num-dot-decimal">19,483</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisAssets" unitRef="BRL" id="Tag4530" decimals="-3" scale="3" format="ixt:num-dot-decimal">35,989</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:DeferredincomeAndSocialContributionTaxesGoodwill" unitRef="BRL" id="Tag4637" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,317</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:DeferredincomeAndSocialContributionTaxesGoodwill" unitRef="BRL" id="Tag4592" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,976</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for asset retirement obligation </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:DeferredIncomeAndSocialContributionTaxesProvisionForAssetRetirementObligation" unitRef="BRL" id="Tag4575" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,472</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:DeferredIncomeAndSocialContributionTaxesProvisionForAssetRetirementObligation" unitRef="BRL" id="Tag4520" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,759</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Operating provisions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:DeferredIncomeAndSocialContributionTaxesProvisionForSuppliers" unitRef="BRL" id="Tag4563" decimals="-3" scale="3" format="ixt:num-dot-decimal">60,120</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:DeferredIncomeAndSocialContributionTaxesProvisionForSuppliers" unitRef="BRL" id="Tag4607" decimals="-3" scale="3" format="ixt:num-dot-decimal">299,609</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for profit sharing and bonus </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:DeferredIncomeAndSocialContributionTaxesProvisionForProfitSharingAndBonus" unitRef="BRL" id="Tag4623" decimals="-3" scale="3" format="ixt:num-dot-decimal">76,880</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:DeferredIncomeAndSocialContributionTaxesProvisionForProfitSharingAndBonus" unitRef="BRL" id="Tag4582" decimals="-3" scale="3" format="ixt:num-dot-decimal">91,883</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leases payable </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:DeferredIncomeAndSocialContributionTaxesLeasesPayable" unitRef="BRL" id="Tag4599" decimals="-3" scale="3" format="ixt:num-dot-decimal">499,988</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:DeferredIncomeAndSocialContributionTaxesLeasesPayable" unitRef="BRL" id="Tag4522" decimals="-3" scale="3" format="ixt:num-dot-decimal">518,138</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Change in fair value of subscription warrants </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:DeferredIncomeAndSocialContributionTaxesChangeInFairValueOfSubscriptionWarrants" unitRef="BRL" id="Tag4557" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:DeferredIncomeAndSocialContributionTaxesChangeInFairValueOfSubscriptionWarrants" unitRef="BRL" id="Tag4535" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,566</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for deferred revenue </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:DeferredIncomeAndSocialContributionTaxesProvisionForDeferredRevenue" unitRef="BRL" id="Tag4549" decimals="-3" scale="3" format="ixt:num-dot-decimal">450</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:DeferredIncomeAndSocialContributionTaxesProvisionForDeferredRevenue" unitRef="BRL" id="Tag4617" decimals="-3" scale="3" format="ixt:num-dot-decimal">932</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other temporary differences </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:DeferredIncomeAndSocialContributionTaxesOtherProvisions" unitRef="BRL" id="Tag4608" decimals="-3" scale="3" format="ixt:num-dot-decimal">115,753</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:DeferredIncomeAndSocialContributionTaxesOtherProvisions" unitRef="BRL" id="Tag4655" decimals="-3" scale="3" format="ixt:num-dot-decimal">104,319</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Tax losses and negative basis for social contribution carryforwards </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards" unitRef="BRL" id="Tag4644" decimals="-3" scale="3" format="ixt:num-dot-decimal">510,780</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards" unitRef="BRL" id="Tag4516" decimals="-3" scale="3" format="ixt:num-dot-decimal">396,601</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:DeferredIncomeAndSocialContributionTaxAssets" unitRef="BRL" id="Tag1145" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,613,371</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:DeferredIncomeAndSocialContributionTaxAssets" unitRef="BRL" id="Tag4564" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,937,748</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Offsetting liability balance </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231" name="ugp:DeferredIncomeAndSocialContributioTaxesOffsetLiabilitiesBalance" unitRef="BRL" id="Tag4548" decimals="-3" scale="3" format="ixt:num-dot-decimal">676,430</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231" name="ugp:DeferredIncomeAndSocialContributioTaxesOffsetLiabilitiesBalance" unitRef="BRL" id="Tag4600" decimals="-3" scale="3" format="ixt:num-dot-decimal">682,614</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net balances presented in assets </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:DeferredTaxAssets" unitRef="BRL" id="Tag4525" decimals="-3" scale="3" format="ixt:num-dot-decimal">936,941</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:DeferredTaxAssets" unitRef="BRL" id="Tag4636" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,255,134</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Liabilities - Deferred income and social contribution taxes on: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leases payable </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:DeferredIncomeAndSocialContributionTaxesLease" unitRef="BRL" id="Tag4625" decimals="-3" scale="3" format="ixt:num-dot-decimal">406,173</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:DeferredIncomeAndSocialContributionTaxesLease" unitRef="BRL" id="Tag4684" decimals="-3" scale="3" format="ixt:num-dot-decimal">432,908</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for differences between cash and accrual basis (i) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisLiabilities" unitRef="BRL" id="Tag4518" decimals="-3" scale="3" format="ixt:num-dot-decimal">194,846</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisLiabilities" unitRef="BRL" id="Tag4650" decimals="-3" scale="3" format="ixt:num-dot-decimal">81,293</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Change in fair value of subscription warrants </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:DeferredIncomeAndSocialContributionTaxesProvisionForChangeInFairValueOfSubscriptionWarrants" unitRef="BRL" id="Tag4604" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,611</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:DeferredIncomeAndSocialContributionTaxesProvisionForChangeInFairValueOfSubscriptionWarrants" unitRef="BRL" id="Tag4534" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill/negative goodwill on investments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsProvisionForGoodwillAndNegativeGoodwill" unitRef="BRL" id="Tag4583" decimals="-3" scale="3" format="ixt:num-dot-decimal">28,771</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsProvisionForGoodwillAndNegativeGoodwill" unitRef="BRL" id="Tag4690" decimals="-3" scale="3" format="ixt:num-dot-decimal">28,717</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Business combination - fair value of assets </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsBusinessCombinationFairValueOfAssets" unitRef="BRL" id="Tag4531" decimals="-3" scale="3" format="ixt:num-dot-decimal">52,781</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsBusinessCombinationFairValueOfAssets" unitRef="BRL" id="Tag4619" decimals="-3" scale="3" format="ixt:num-dot-decimal">54,921</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other temporary differences </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:DeferredIncomeAndSocialContributionTaxesOtherProvisionsLiabilities" unitRef="BRL" id="Tag4643" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">119,073</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:DeferredIncomeAndSocialContributionTaxesOtherProvisionsLiabilities" unitRef="BRL" id="Tag4609" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">84,981</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:DeferredIncomeAndSocialContributionTaxLiabilities" unitRef="BRL" id="Tag4605" decimals="-3" scale="3" format="ixt:num-dot-decimal">809,255</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:DeferredIncomeAndSocialContributionTaxLiabilities" unitRef="BRL" id="Tag4615" decimals="-3" scale="3" format="ixt:num-dot-decimal">682,820</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Offsetting asset balance </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231" name="ugp:DeferredIncomeAndSocialContributionTaxesOffsetAssetsBalance" unitRef="BRL" id="Tag4533" decimals="-3" scale="3" format="ixt:num-dot-decimal">676,430</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231" name="ugp:DeferredIncomeAndSocialContributionTaxesOffsetAssetsBalance" unitRef="BRL" id="Tag4528" decimals="-3" scale="3" format="ixt:num-dot-decimal">682,614</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net balances presented in liabilities </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:DeferredTaxLiabilities" unitRef="BRL" id="Tag4642" decimals="-3" scale="3" format="ixt:num-dot-decimal">132,825</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:DeferredTaxLiabilities" unitRef="BRL" id="Tag4638" decimals="-3" scale="3" format="ixt:num-dot-decimal">206</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">(i)</span> <span><ix:footnote xml:lang="en-US" id="footnote79" footnoteRole="http://www.xbrl.org/2003/role/footnote">Refers mainly to the income and social contribution taxes on foreign exchange variation of the derivative instruments.</ix:footnote></span></span></p> </ix:nonNumeric>
<ix:nonNumeric contextRef="D20241231" name="ugp:SummaryOfChangesInBalanceOfDeferredTaxesTableTextBlock" id="Tag5377" escape="true">
<ix:exclude>
<p xmlns="http://www.w3.org/1999/xhtml" style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><br/></p>
<div xmlns="http://www.w3.org/1999/xhtml">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-32</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<table xmlns="http://www.w3.org/1999/xhtml" style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span style="display: inline;">2023</span> and <span style="display: inline;">2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table>
<div xmlns="http://www.w3.org/1999/xhtml">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><br/></p> </div> </ix:exclude>
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Changes in the net balance of deferred IRPJ and CSLL are as follows:</span></p>
<div id="t_ft_ARIUJ9FEAO00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 205px;" width="100%">
<tbody>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 89%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> Balance as of December 31, 2021 (net) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20211231" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="BRL" id="Tag4622" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">571,473</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Deferred IRPJ and CSLL recognized in profit (loss) for the year </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" unitRef="BRL" id="Tag4517" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">296,459</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Deferred IRPJ and CSLL recognized in income for the year from discontinued operation </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ugp:DeferredTaxExpenseIncomeRecognisedInProfitOrLossFromDiscontinuedOperations" unitRef="BRL" id="Tag4653" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">31,138</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Deferred IRPJ and CSLL recognized in other comprehensive income </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" unitRef="BRL" id="Tag4554" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,134</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2022 (net) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20221231" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="BRL" id="Tag4639" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">897,936</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Deferred IRPJ and CSLL recognized in profit (loss) for the year </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" unitRef="BRL" id="Tag4584" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">335,375</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Deferred IRPJ and CSLL recognized in other comprehensive income </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" unitRef="BRL" id="Tag4621" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">21,474</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:IncreaseDecreaseThroughOtherAdjustmentsDeferredTaxLiabilityAsset" unitRef="BRL" id="Tag4590" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">143</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2023 (net) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="BRL" id="Tag4595" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,254,928</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Deferred IRPJ and CSLL recognized in profit (loss) for the year </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" unitRef="BRL" id="Tag4652" decimals="-3" scale="3" format="ixt:num-dot-decimal">360,953</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Deferred IRPJ and CSLL recognized on company acquisition </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" unitRef="BRL" id="Tag4559" decimals="-3" scale="3" format="ixt:num-dot-decimal">71,815</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">)</td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Deferred IRPJ and CSLL recognized in other comprehensive income </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" unitRef="BRL" id="Tag4547" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,178</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ugp:IncreaseDecreaseThroughOtherAdjustmentsDeferredTaxLiabilityAsset" unitRef="BRL" id="Tag4574" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">134</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2024 (net) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="BRL" id="Tag4536" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">804,116</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"/> </tr> </tbody> </table> </div> </ix:nonNumeric>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The balance of R$ <ix:nonFraction contextRef="I20241231" name="ugp:DeferredIncomeAndSocialContributionTaxAssets" unitRef="BRL" id="Tag4632" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,613,371</ix:nonFraction> was supported by the technical study on taxable profit projections for the realization of deferred tax assets. The taxable profit projections from business plans of each segment of the Company which indicates trends and perspectives, demand effects, competition and other economic factors, and that represent management&#8217;s best estimate about the economic conditions existing during the period of realization of the deferred tax asset, were taken into account.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The main key assumptions used to calculate the realization of deferred tax assets are: growth in Gross Domestic Product (&#8220;GDP&#8221;), exchange rate, basic interest rate (SELIC) and DI, inflation rate and commodity price index.</span></p> </div>
<div style="line-height: 1.2;">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Reconciliation of income and social contribution taxes in the statement of income</span></p>
<ix:nonNumeric contextRef="D20241231" name="ugp:SummaryOfTaxReconciliationTableTextBlock" id="Tag5416" escape="true">
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">IRPJ and CSLL are reconciled to the statutory tax rates as follows:</span></p>
<div id="t_ft_5MC41O90CG00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="height: 180px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 65%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Income before taxes </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:ProfitLossBeforeTax" unitRef="BRL" id="Tag4591" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,011,517</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ProfitLossBeforeTax" unitRef="BRL" id="Tag4588" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,578,695</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ProfitLossBeforeTax" unitRef="BRL" id="Tag4579" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,879,725</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Statutory tax rates - % </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:ApplicableTaxRate" unitRef="Pure" id="Tag4613" decimals="2" scale="-2" format="ixt:num-dot-decimal">34</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ApplicableTaxRate" unitRef="Pure" id="Tag4602" decimals="2" scale="-2" format="ixt:num-dot-decimal">34</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ApplicableTaxRate" unitRef="Pure" id="Tag4578" decimals="2" scale="-2" format="ixt:num-dot-decimal">34</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Income and social contribution taxes at the statutory tax rates </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:TaxExpenseIncomeAtApplicableTaxRate" unitRef="BRL" id="Tag4649" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,363,916</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:TaxExpenseIncomeAtApplicableTaxRate" unitRef="BRL" id="Tag4603" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,216,756</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:TaxExpenseIncomeAtApplicableTaxRate" unitRef="BRL" id="Tag4630" decimals="-3" scale="3" format="ixt:num-dot-decimal">639,107</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Adjustment to the statutory income and social contribution taxes: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Nondeductible expenses </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" unitRef="BRL" id="Tag4618" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,729</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" unitRef="BRL" id="Tag4628" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,535</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" unitRef="BRL" id="Tag4565" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,006</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Nontaxable revenues <span style="font-size: 8pt;"><sup>(i)</sup></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:TaxEffectOfRevenuesExemptFromTaxation2011" unitRef="BRL" id="Tag4539" decimals="-3" scale="3" format="ixt:num-dot-decimal">26,755</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:TaxEffectOfRevenuesExemptFromTaxation2011" unitRef="BRL" id="Tag4624" decimals="-3" scale="3" format="ixt:num-dot-decimal">114,981</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:TaxEffectOfRevenuesExemptFromTaxation2011" unitRef="BRL" id="Tag4573" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,149</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Adjustment to estimated income </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ugp:TaxEffectOfAdjustmentToEstimatedIncome" unitRef="BRL" id="Tag4654" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,807</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:TaxEffectOfAdjustmentToEstimatedIncome" unitRef="BRL" id="Tag4635" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,173</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ugp:TaxEffectOfAdjustmentToEstimatedIncome" unitRef="BRL" id="Tag4614" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,136</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Unrecorded deferred income and social contribution tax carryforwards </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ugp:TaxEffectOfUnrecordedDeferredIncomeAndSocialContributionTaxesCarryforwardsDeferred" unitRef="BRL" id="Tag4577" decimals="-3" scale="3" format="ixt:num-dot-decimal">205,794</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:TaxEffectOfUnrecordedDeferredIncomeAndSocialContributionTaxesCarryforwardsDeferred" unitRef="BRL" id="Tag1056" decimals="-3" scale="3" format="ixt:num-dot-decimal">36,227</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ugp:TaxEffectOfUnrecordedDeferredIncomeAndSocialContributionTaxesCarryforwardsDeferred" unitRef="BRL" id="Tag4558" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,602</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Share of profit (loss) of subsidiaries, joint ventures and associates </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ugp:TaxEffectOfShareOfProfitLossOfSubsidiariesJointVenturesAndAssociates" unitRef="BRL" id="Tag4656" decimals="-3" scale="3" format="ixt:num-dot-decimal">44,090</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:TaxEffectOfShareOfProfitLossOfSubsidiariesJointVenturesAndAssociates" unitRef="BRL" id="Tag4651" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,049</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ugp:TaxEffectOfShareOfProfitLossOfSubsidiariesJointVenturesAndAssociates" unitRef="BRL" id="Tag4570" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,141</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest on capital between subsidiaries </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ugp:TaxEffectFromInterestOnCapital" unitRef="BRL" id="Tag4526" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">35,901</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:TaxEffectFromInterestOnCapital" unitRef="BRL" id="Tag4585" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ugp:TaxEffectFromInterestOnCapital" unitRef="BRL" id="Tag4641" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">153,004</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other adjustments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" unitRef="BRL" id="Tag4596" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,861</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" unitRef="BRL" id="Tag4657" decimals="-3" scale="3" format="ixt:num-dot-decimal">26,666</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" unitRef="BRL" id="Tag4571" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">29,327</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Income and social contribution taxes before tax incentives </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ugp:IncomeAndSocialContributionTaxesBeforeTaxIncentives" unitRef="BRL" id="Tag1057" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,579,927</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:IncomeAndSocialContributionTaxesBeforeTaxIncentives" unitRef="BRL" id="Tag4626" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,169,981</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ugp:IncomeAndSocialContributionTaxesBeforeTaxIncentives" unitRef="BRL" id="Tag4658" decimals="-3" scale="3" format="ixt:num-dot-decimal">434,958</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Tax incentives &#8211; SUDENE <span style="font-size: 8pt;"><sup>(ii)</sup></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ugp:TaxEffectOfTaxIncentives" unitRef="BRL" id="Tag4569" decimals="-3" scale="3" format="ixt:num-dot-decimal">94,310</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:TaxEffectOfTaxIncentives" unitRef="BRL" id="Tag4663" decimals="-3" scale="3" format="ixt:num-dot-decimal">109,039</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ugp:TaxEffectOfTaxIncentives" unitRef="BRL" id="Tag4568" decimals="-3" scale="3" format="ixt:num-dot-decimal">93,444</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Income and social contribution taxes in the statement of income </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:IncomeTaxExpenseContinuingOperations" unitRef="BRL" id="Tag4527" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,485,617</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:IncomeTaxExpenseContinuingOperations" unitRef="BRL" id="Tag4671" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,060,942</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:IncomeTaxExpenseContinuingOperations" unitRef="BRL" id="Tag4524" decimals="-3" scale="3" format="ixt:num-dot-decimal">341,514</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:CurrentTaxExpenseIncome" unitRef="BRL" id="Tag4594" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,124,664</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:CurrentTaxExpenseIncome" unitRef="BRL" id="Tag4612" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,396,317</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:CurrentTaxExpenseIncome" unitRef="BRL" id="Tag1058" decimals="-3" scale="3" format="ixt:num-dot-decimal">637,973</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Deferred </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:DeferredTaxExpenseIncome" unitRef="BRL" id="Tag4611" decimals="-3" scale="3" format="ixt:num-dot-decimal">360,953</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:DeferredTaxExpenseIncome" unitRef="BRL" id="Tag4593" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">335,375</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:DeferredTaxExpenseIncome" unitRef="BRL" id="Tag4610" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">296,459</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Effective IRPJ and CSLL rates - % </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:AverageEffectiveTaxRate" unitRef="Pure" id="Tag4586" decimals="3" scale="-2" format="ixt:num-dot-decimal">37.0</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:AverageEffectiveTaxRate" unitRef="Pure" id="Tag4521" decimals="3" scale="-2" format="ixt:num-dot-decimal">29.6</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:AverageEffectiveTaxRate" unitRef="Pure" id="Tag4562" decimals="3" scale="-2" format="ixt:num-dot-decimal" sign="-">18.2</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">(i) </span><span><ix:footnote xml:lang="en-US" id="footnote92" footnoteRole="http://www.xbrl.org/2003/role/footnote">Consist of gains and income not taxable &#8203;under applicable tax legislation, such as reimbursement of taxes, tax incentives, installments and reversal of certain provisions, as well as recovery of tax credits and amounts related to non-taxation of the income and social contribution taxes on the monetary variation (SELIC) in the repetition of undue tax lawsuits.</ix:footnote></span></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">(ii) </span><span><ix:footnote xml:lang="en-US" id="footnote80" footnoteRole="http://www.xbrl.org/2003/role/footnote">Certain subsidiaries have the benefit of income tax reduction for belonging to the sectors of the economy considered priority for the subsidized areas, with a <ix:nonFraction contextRef="D20241231" name="ugp:IncomeTaxReductionPercentage" unitRef="Pure" id="Tag4634" decimals="2" scale="-2" format="ixt:num-dot-decimal">75</ix:nonFraction>% decrease in the income tax basis.</ix:footnote></span></span></p> </ix:nonNumeric>
<ix:exclude>
<p xmlns="http://www.w3.org/1999/xhtml" style="margin: 0pt 0pt 2pt; orphans: 0; widows: 0;"><br/></p>
<div xmlns="http://www.w3.org/1999/xhtml">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-33</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div>
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<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span style="display: inline;">2023</span> and <span style="display: inline;">2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table>
<div xmlns="http://www.w3.org/1999/xhtml"><br/></div> </ix:exclude>
<div><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="text-align: justify; font-style: italic; font-weight: bold; line-height: inherit;">c.</span><span style="text-align: justify; font-style: italic; font-weight: bold; line-height: inherit;"> Tax losses and negative basis for social contribution carryforwards</span></span></div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">As of December 31, 2024, the Company and certain subsidiaries had tax loss carryforwards related to income tax (IRPJ) and social contribution (CSLL), whose annual offsets are limited to <ix:nonFraction contextRef="D20241231" name="ugp:ThresholdPercentageOfTaxableIncomeForIndefiniteExpirationOfTaxLossCarryforwards" unitRef="Pure" id="Tag4688" decimals="2" scale="-2" format="ixt:num-dot-decimal">30</ix:nonFraction>% of taxable income in a given tax year, and do not expire.</span></p>
<p style="margin: 0pt; text-align: justify;"><br/></p>
<ix:nonNumeric contextRef="D20241231" name="ugp:DisclosureOfDeferredIncomeAndSocialContributionTaxAssetsExplanatoryTextBlock" id="Tag6" escape="true">
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The balances comprising deferred taxes related to income tax loss carryforwards and negative basis of social contribution are as follows:</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_RYO4J6BSK000000000000000000000b">
<table cellspacing="0" cellpadding="0" style="height: 116px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 76.8546%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 76.8546%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Oil Trading </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 9.94065%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OnshoreMember_OilTradingImportadoraExportadoraLtdaMember" name="ugp:DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards" unitRef="BRL" id="Tag1161" decimals="-3" scale="3" format="ixt:num-dot-decimal">77,155</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1.48368%; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1.03858%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 9.94065%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_OnshoreMember_OilTradingImportadoraExportadoraLtdaMember" name="ugp:DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards" unitRef="BRL" id="Tag4523" decimals="-3" scale="3" format="ixt:num-dot-decimal">84,372</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1.03858%; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 76.8546%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultrapar </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OnshoreMember_UltraparMember" name="ugp:DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards" unitRef="BRL" id="Tag4538" decimals="-3" scale="3" format="ixt:num-dot-decimal">51,339</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_OnshoreMember_UltraparMember" name="ugp:DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards" unitRef="BRL" id="Tag4532" decimals="-3" scale="3" format="ixt:num-dot-decimal">77,453</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 76.8546%;">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Abastece a&#237; Clube </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OnshoreMember_AbasteceAiClubeMember" name="ugp:DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards" unitRef="BRL" id="Tag4627" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1.03858%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_OnshoreMember_AbasteceAiClubeMember" name="ugp:DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards" unitRef="BRL" id="Tag4598" decimals="-3" scale="3" format="ixt:num-dot-decimal">91,861</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1.03858%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 76.8546%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OnshoreMember_IpirangaMember" name="ugp:DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards" unitRef="BRL" id="Tag4553" decimals="-3" scale="3" format="ixt:num-dot-decimal">300,409</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_OnshoreMember_IpirangaMember" name="ugp:DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards" unitRef="BRL" id="Tag4620" decimals="-3" scale="3" format="ixt:num-dot-decimal">97,071</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 76.8546%;">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Ultracargo Solu&#231;&#245;es Log&#237;stica </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OnshoreMember_UltracargoMember" name="ugp:DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards" unitRef="BRL" id="Tag1128" decimals="-3" scale="3" format="ixt:num-dot-decimal">33,553</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_OnshoreMember_UltracargoMember" name="ugp:DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards" unitRef="BRL" id="Tag4567" decimals="-3" scale="3" format="ixt:num-dot-decimal">30,652</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 76.8546%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OnshoreMember_OtherSubsidiariesMember" name="ugp:DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards" unitRef="BRL" id="Tag4581" decimals="-3" scale="3" format="ixt:num-dot-decimal">48,324</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_OnshoreMember_OtherSubsidiariesMember" name="ugp:DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards" unitRef="BRL" id="Tag4633" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,192</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 76.8546%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 9.94065%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OnshoreMember" name="ugp:DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards" unitRef="BRL" id="Tag4519" decimals="-3" scale="3" format="ixt:num-dot-decimal">510,780</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1.03858%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 9.94065%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_OnshoreMember" name="ugp:DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards" unitRef="BRL" id="Tag1132" decimals="-3" scale="3" format="ixt:num-dot-decimal">396,601</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1.03858%;"/> </tr> </tbody> </table> </div> </ix:nonNumeric>
<p style="margin: 0pt; text-align: justify;"><br/></p>
<div style="border-left: none; border-right: none;">
<ix:nonNumeric contextRef="D20241231" name="ugp:DisclosureOfForeignSubsidiariesHaveTaxLossCarryforwardsTableTextBlock" id="Tag5" escape="true">
<div style="border-left: none; border-right: none;">
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The balances which are not constituted of deferred taxes related to income tax loss carryforwards and negative basis of social contribution are as follows:</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_VMEL24IG4G00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 128px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 76.9345%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 9.97024%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 9.97024%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.4881%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 76.9345%; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Neog&#225;s </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 9.97024%; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_NeogasGroupMember_OnshoreMember" name="ugp:NonConstitutedDeferredTaxesRelatedToIncomeTaxLossCarryforwardsAndNegativeBasisOfSocialContributionBase" unitRef="BRL" id="Tag4589" decimals="-3" scale="3" format="ixt:num-dot-decimal">45,286</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1.04167%; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1.04167%; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 9.97024%; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_NeogasGroupMember_OnshoreMember" name="ugp:NonConstitutedDeferredTaxesRelatedToIncomeTaxLossCarryforwardsAndNegativeBasisOfSocialContributionBase" unitRef="BRL" id="Tag4647" decimals="-3" scale="3" format="ixt:num-dot-decimal">45,333</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1.4881%; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 76.9345%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Integra Frotas </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_IntegraFrotasMember_OnshoreMember" name="ugp:NonConstitutedDeferredTaxesRelatedToIncomeTaxLossCarryforwardsAndNegativeBasisOfSocialContributionBase" unitRef="BRL" id="Tag4631" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,927</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_IntegraFrotasMember_OnshoreMember" name="ugp:NonConstitutedDeferredTaxesRelatedToIncomeTaxLossCarryforwardsAndNegativeBasisOfSocialContributionBase" unitRef="BRL" id="Tag4580" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,335</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.4881%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 76.9345%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Stella </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_StellaMember_OnshoreMember" name="ugp:NonConstitutedDeferredTaxesRelatedToIncomeTaxLossCarryforwardsAndNegativeBasisOfSocialContributionBase" unitRef="BRL" id="Tag4540" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,686</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_StellaMember_OnshoreMember" name="ugp:NonConstitutedDeferredTaxesRelatedToIncomeTaxLossCarryforwardsAndNegativeBasisOfSocialContributionBase" unitRef="BRL" id="Tag4629" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,634</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.4881%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 76.9345%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Millennium </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_MillenniumMember_OnshoreMember" name="ugp:NonConstitutedDeferredTaxesRelatedToIncomeTaxLossCarryforwardsAndNegativeBasisOfSocialContributionBase" unitRef="BRL" id="Tag4587" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,650</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_MillenniumMember_OnshoreMember" name="ugp:NonConstitutedDeferredTaxesRelatedToIncomeTaxLossCarryforwardsAndNegativeBasisOfSocialContributionBase" unitRef="BRL" id="Tag4529" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,539</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.4881%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 76.9345%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Abastece a&#237; <span style="font-size: 8pt;"><sup>1</sup></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OnshoreMember_AbasteceAiClubeMember" name="ugp:NonConstitutedDeferredTaxesRelatedToIncomeTaxLossCarryforwardsAndNegativeBasisOfSocialContributionBase" unitRef="BRL" id="Tag4660" decimals="-3" scale="3" format="ixt:num-dot-decimal">126,900</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_OnshoreMember_AbasteceAiClubeMember" name="ugp:NonConstitutedDeferredTaxesRelatedToIncomeTaxLossCarryforwardsAndNegativeBasisOfSocialContributionBase" unitRef="BRL" id="Tag1130" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.4881%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 76.9345%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OnshoreMember_OtherSubsidiariesMember" name="ugp:NonConstitutedDeferredTaxesRelatedToIncomeTaxLossCarryforwardsAndNegativeBasisOfSocialContributionBase" unitRef="BRL" id="Tag4572" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,374</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_OnshoreMember_OtherSubsidiariesMember" name="ugp:NonConstitutedDeferredTaxesRelatedToIncomeTaxLossCarryforwardsAndNegativeBasisOfSocialContributionBase" unitRef="BRL" id="Tag1133" decimals="-3" scale="3" format="ixt:num-dot-decimal">461</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.4881%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 76.9345%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 9.97024%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OnshoreMember" name="ugp:NonConstitutedDeferredTaxesRelatedToIncomeTaxLossCarryforwardsAndNegativeBasisOfSocialContributionBase" unitRef="BRL" id="Tag4576" decimals="-3" scale="3" format="ixt:num-dot-decimal">224,823</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 9.97024%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_OnshoreMember" name="ugp:NonConstitutedDeferredTaxesRelatedToIncomeTaxLossCarryforwardsAndNegativeBasisOfSocialContributionBase" unitRef="BRL" id="Tag4659" decimals="-3" scale="3" format="ixt:num-dot-decimal">76,302</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.4881%;"/> </tr> </tbody> </table> </div> </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-size: 8pt;"><sup>1</sup></span> <span><ix:footnote xml:lang="en-US" id="footnote81" footnoteRole="http://www.xbrl.org/2003/role/footnote">As of December 31, 2024, the Company reversed the deferred taxes recorded on tax loss carryforwards related to income tax (IRPJ) and social contribution (CSLL) of the subsidiary, based on projections of future realization.</ix:footnote></span></span></p> </ix:nonNumeric> </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">d. Non-levy of IRPJ/CSLL on the update by Selic of tax undue payments received from the Federal Government </span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries have lawsuits claiming the non-levy of IRPJ and CSLL on monetary variation (SELIC) on tax credits. On September 27, 2021, the Federal Supreme Court judged that the levy of IRPJ and CSLL on amounts related to monetary variation received by taxpayers in the repetition of undue tax payments is unconstitutional. The Company and its subsidiaries have registered credits of this nature in the amount of R$ <ix:nonFraction contextRef="D20241231" name="ugp:IncomeAndSocialContributionTaxBenefitRelatedToMonetaryVariationSelicOnRepetitionOfTaxUnduePayments" unitRef="BRL" id="Tag4606" decimals="-3" scale="3" format="ixt:num-dot-decimal">141,147</ix:nonFraction> as of December 31, 2024 (R$ <ix:nonFraction contextRef="D20231231_35" name="ugp:IncomeAndSocialContributionTaxBenefitRelatedToMonetaryVariationSelicOnRepetitionOfTaxUnduePayments" unitRef="BRL" id="Tag4616" decimals="-3" scale="3" format="ixt:num-dot-decimal">143,147</ix:nonFraction> as of December 31, 2023).</span></p> </div> </ix:nonNumeric> </div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><br/></p>
<div>
<div id="t_ft_5BFBZTOON400000000000000000000b">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-34</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div> </div><div id="Djycn6tdcj1fnghkwqjmar" style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, 2023 and 2022</span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><br/></td> </tr> </tbody> </table> </div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory" id="Tag2000" escape="true">
<div style="line-height: 1.2;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB10_142202519467100" class="customBookmark"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;">10</span>. Contractual assets with customers - exclusivity rights</span></a></div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;">&#160;&#160;</p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">Refers to exclusivity rights reimbursements of Ipiranga&#8217;s agreements with reseller service stations that are recognized at the time of their occurrence and amortized according to the conditions established in the agreement. Amortizations are recognized in profit or loss as reductions of sales revenue.</span></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p> </div>
<div style="line-height: 1.2;">
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:ExplanationOfSignificantChangesInContractAssetsAndContractLiabilitiesExplanatory" id="Tag765" escape="true">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Changes are shown below:</span></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#160;</span></p>
<div style="border-left: none; border-right: none;">
<table cellspacing="0" cellpadding="0" style="height: 219px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%">
<tbody>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 89%; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> Balance as of December 31, 2021 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 10%; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20211231" name="ifrs-full:ContractAssets" unitRef="BRL" id="Tag4544" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,079,226</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:IncreaseDecreaseThroughCumulativeCatchupAdjustmentsToRevenueContractAssets" unitRef="BRL" id="Tag4551" decimals="-3" scale="3" format="ixt:num-dot-decimal">637,502</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Amortization </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:DecreaseThroughImpairmentContractAssets" unitRef="BRL" id="Tag4556" decimals="-3" scale="3" format="ixt:num-dot-decimal">504,907</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Transfers </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; height: 16px; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ugp:DecreaseThroughTransferOfContractAssets" unitRef="BRL" id="Tag4545" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,230</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20221231" name="ifrs-full:ContractAssets" unitRef="BRL" id="Tag4550" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,205,591</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:IncreaseDecreaseThroughCumulativeCatchupAdjustmentsToRevenueContractAssets" unitRef="BRL" id="Tag4552" decimals="-3" scale="3" format="ixt:num-dot-decimal">664,363</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Amortization </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: rgb(204, 238, 255); height: 16px; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:DecreaseThroughImpairmentContractAssets" unitRef="BRL" id="Tag4546" decimals="-3" scale="3" format="ixt:num-dot-decimal">607,446</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:ContractAssets" unitRef="BRL" id="Tag4560" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,262,508</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:IncreaseDecreaseThroughCumulativeCatchupAdjustmentsToRevenueContractAssets" unitRef="BRL" id="Tag4543" decimals="-3" scale="3" format="ixt:num-dot-decimal">424,477</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Amortization </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:DecreaseThroughImpairmentContractAssets" unitRef="BRL" id="Tag4555" decimals="-3" scale="3" format="ixt:num-dot-decimal">555,083</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: rgb(204, 238, 255); height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: rgb(204, 238, 255); height: 17px; border-top-color: rgb(0, 0, 0) !important; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:ContractAssets" unitRef="BRL" id="Tag4541" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,131,902</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:CurrentContractAssets" unitRef="BRL" id="Tag4561" decimals="-3" scale="3" format="ixt:num-dot-decimal">658,571</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:NoncurrentContractAssets" unitRef="BRL" id="Tag4542" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,473,331</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div> </ix:nonNumeric> </div> </ix:nonNumeric> </div> </div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><br/></p>
<div>
<div style="margin: 0pt; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB11_1422025171826272" class="customBookmark"> </a></div>
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<div>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #002060; margin: 0pt; line-height: 1.2;"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span>11</span>. Investments in subsidiaries, joint ventures and associates</span></div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><br/></p>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" id="Tag165" escape="true">
<div style="margin: 0pt; text-align: justify; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bnd563_1832025144919385" class="customBookmark"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></a></div>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Investments in subsidiaries are accounted for under the equity method of accounting in the parent&#8217;s individual financial statements. A subsidiary is an investee in which the investor is entitled to variable returns on investment and has the ability to interfere in its financial and operational activities.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Investments in associates and joint ventures are accounted for under the equity method of accounting in the financial statements. An associate is an investment in which an investor has significant influence, that is, has the power to participate in the financial and operating decisions of the investee but does not exercise control. A joint venture is an investment in which the shareholders have the right to net assets on behalf of a joint control. Joint control is the agreement which establishes that decisions about the relevant activities of the investee require the consent from the parties that share control.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other investments are stated at acquisition cost less provision for losses, unless the loss is considered temporary.</span></p>
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<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-35</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
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<p style="margin: 10pt 0pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-size: 10pt; text-indent: 0pt;">The table below presents the positions of equity and income (loss) for the year by company:</span></p> </ix:nonNumeric>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Equity </span></p> </td>
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<p style="margin: 0pt; text-align: center; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Income (loss) for the year </span></p> </td>
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<p style="margin: 0pt; text-align: center; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Interest in share capital - % (*) </span></p> </td>
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<p style="margin: 0pt;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Investments/ Provision for equity deficiency </span></p> </td>
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<p style="margin: 0pt; text-align: center;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Share of profit (loss) of subsidiaries, joint ventures and associates </span></p> </td>
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<p style="margin: 0pt;"> <br/></p> </td>
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<p style="margin: 0pt;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
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<p style="margin: 0pt; text-align: center;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> 12/31/2022 </span></p> </td>
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<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 29%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Joint ventures </span></p> </td>
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<p style="margin: 0pt; text-align: center;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: center;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: center;"> <br/></p> </td>
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<p style="margin: 0pt;"> <br/></p> </td>
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<p style="margin: 0pt;"> <br/></p> </td>
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<p style="margin: 0pt;"> <br/></p> </td>
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<p style="margin: 0pt;"> <br/></p> </td>
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<p style="margin: 0pt;"> <br/></p> </td>
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<p style="margin: 0pt;"> <br/></p> </td>
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<p style="margin: 0pt;"> <br/></p> </td>
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<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Uni&#227;o Vopak &#8211; Armaz&#233;ns Gerais Ltda. </span></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_UniaoVopakMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag3313" decimals="-3" scale="3" format="ixt:num-dot-decimal">540</ix:nonFraction> </span></p> </td>
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<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_UniaoVopakMember" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag1857" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,460</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_UniaoVopakMember" name="ifrs-full:ProportionOfOwnershipInterestInJointVenture" unitRef="Pure" id="Tag1797" decimals="4" scale="-2" format="ixt:num-dot-decimal">50.00</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_UniaoVopakMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1225" decimals="-3" scale="3" format="ixt:num-dot-decimal">270</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_UniaoVopakMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1323" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,550</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_UniaoVopakMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag395" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">730</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_UniaoVopakMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1350" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,694</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_UniaoVopakMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1261" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,880</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td> </tr>
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<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Refinaria de Petr&#243;leo Riograndense S.A. </span></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_RPRMember_InvestmentsWithPositiveEquityMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag1380" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,081</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_RPRMember_InvestmentsWithPositiveEquityMember" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag1343" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">83,097</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RPRMember_InvestmentsWithPositiveEquityMember" name="ifrs-full:ProportionOfOwnershipInterestInJointVenture" unitRef="Pure" id="Tag218" decimals="4" scale="-2" format="ixt:num-dot-decimal">33.14</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_RPRMember_InvestmentsWithPositiveEquityMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1313" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,015</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_RPRMember_InvestmentsWithPositiveEquityMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1829" decimals="-3" scale="3" format="ixt:num-dot-decimal">31,553</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_RPRMember_InvestmentsWithPositiveEquityMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1858" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">27,537</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_RPRMember_InvestmentsWithPositiveEquityMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag4303" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,668</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_RPRMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag262" decimals="-3" scale="3" format="ixt:num-dot-decimal">26,110</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Latitude Log&#237;stica Portu&#225;ria S.A. </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LatitudeLogsticaMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag1211" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,449</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_LatitudeLogsticaMember" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag603" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7,555</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_LatitudeLogsticaMember" name="ifrs-full:ProportionOfOwnershipInterestInJointVenture" unitRef="Pure" id="Tag1383" decimals="4" scale="-2" format="ixt:num-dot-decimal">50.00</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LatitudeLogsticaMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1249" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,225</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LatitudeLogsticaMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag4317" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,002</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_LatitudeLogsticaMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1870" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,777</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_LatitudeLogsticaMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1566" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,636</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_LatitudeLogsticaMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1193" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,339</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Navegantes Log&#237;stica Portu&#225;ria S.A. </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_NavegantesLogsticaMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag1804" decimals="-3" scale="3" format="ixt:num-dot-decimal">22,093</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_NavegantesLogsticaMember" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag1788" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">25,417</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_NavegantesLogsticaMember" name="ifrs-full:ProportionOfOwnershipInterestInJointVenture" unitRef="Pure" id="Tag1218" decimals="4" scale="-2" format="ixt:num-dot-decimal">33.33</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_NavegantesLogsticaMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1277" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,364</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_NavegantesLogsticaMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1901" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,836</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_NavegantesLogsticaMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1867" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">8,472</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_NavegantesLogsticaMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1234" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7,413</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_NavegantesLogsticaMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag5396" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">11,040</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Nordeste Log&#237;stica I S.A. </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_NordesteLogsticaIMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag1880" decimals="-3" scale="3" format="ixt:num-dot-decimal">17,878</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_NordesteLogsticaIMember" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag1910" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">513</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_NordesteLogsticaIMember" name="ifrs-full:ProportionOfOwnershipInterestInJointVenture" unitRef="Pure" id="Tag1248" decimals="4" scale="-2" format="ixt:num-dot-decimal">33.33</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_NordesteLogsticaIMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag4309" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,959</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_NordesteLogsticaIMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1224" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,071</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_NordesteLogsticaIMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1909" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">171</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_NordesteLogsticaIMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1311" decimals="-3" scale="3" format="ixt:num-dot-decimal">730</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_NordesteLogsticaIMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1292" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,591</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Nordeste Log&#237;stica II S.A. </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_NordesteLogsticaIIMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag1689" decimals="-3" scale="3" format="ixt:num-dot-decimal">56,347</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_NordesteLogsticaIIMember" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag1362" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,698</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_NordesteLogsticaIIMember" name="ifrs-full:ProportionOfOwnershipInterestInJointVenture" unitRef="Pure" id="Tag1335" decimals="4" scale="-2" format="ixt:num-dot-decimal">33.33</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_NordesteLogsticaIIMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1856" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,782</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_NordesteLogsticaIIMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1776" decimals="-3" scale="3" format="ixt:num-dot-decimal">17,216</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_NordesteLogsticaIIMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag414" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,566</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_NordesteLogsticaIIMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3867" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,199</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_NordesteLogsticaIIMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag317" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,007</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Nordeste Log&#237;stica III S.A. </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_NordesteLogsticaIIIMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag1868" decimals="-3" scale="3" format="ixt:num-dot-decimal">54,991</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_NordesteLogsticaIIIMember" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag418" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,478</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_NordesteLogsticaIIIMember" name="ifrs-full:ProportionOfOwnershipInterestInJointVenture" unitRef="Pure" id="Tag670" decimals="4" scale="-2" format="ixt:num-dot-decimal">33.33</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_NordesteLogsticaIIIMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag65" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,330</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_NordesteLogsticaIIIMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1298" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,004</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_NordesteLogsticaIIIMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1388" decimals="-3" scale="3" format="ixt:num-dot-decimal">493</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_NordesteLogsticaIIIMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1032" decimals="-3" scale="3" format="ixt:num-dot-decimal">967</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_NordesteLogsticaIIIMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag434" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">30</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.A. </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_QuimicaDaBahiaIndustriaEcomercioMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag650" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,637</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_QuimicaDaBahiaIndustriaEcomercioMember" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag1969" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">319</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_QuimicaDaBahiaIndustriaEcomercioMember" name="ifrs-full:ProportionOfOwnershipInterestInJointVenture" unitRef="Pure" id="Tag663" decimals="4" scale="-2" format="ixt:num-dot-decimal">50.00</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_QuimicaDaBahiaIndustriaEcomercioMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1375" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,319</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_QuimicaDaBahiaIndustriaEcomercioMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1192" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,478</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_QuimicaDaBahiaIndustriaEcomercioMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag238" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">159</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_QuimicaDaBahiaIndustriaEcomercioMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1775" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">42</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_QuimicaDaBahiaIndustriaEcomercioMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1759" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">8</ix:nonFraction>) </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Terminal de Combust&#237;veis Paul&#237;nia S.A. ("Opla") (i) </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TerminalDeCombustiveisPauliniaSAOplaMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag1826" decimals="-3" scale="3" format="ixt:num-dot-decimal">119,388</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_TerminalDeCombustiveisPauliniaSAOplaMember_6" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag1271" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,324</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_TerminalDeCombustiveisPauliniaSAOplaMember_6" name="ifrs-full:ProportionOfOwnershipInterestInJointVenture" unitRef="Pure" id="Tag1324" decimals="4" scale="-2" format="ixt:num-dot-decimal">50.00</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TerminalDeCombustiveisPauliniaSAOplaMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag266" decimals="-3" scale="3" format="ixt:num-dot-decimal">59,694</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TerminalDeCombustiveisPauliniaSAOplaMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1790" decimals="-3" scale="3" format="ixt:num-dot-decimal">54,155</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_TerminalDeCombustiveisPauliniaSAOplaMember_6" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1843" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,162</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_TerminalDeCombustiveisPauliniaSAOplaMember_4" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag840" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,071</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_TerminalDeCombustiveisPauliniaSAOplaMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag409" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other investments </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OtherInvestmentMember_4" name="ifrs-full:Equity" unitRef="BRL" id="Tag460" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_OtherInvestmentMember_3" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag641" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_OtherInvestmentMember_3" name="ifrs-full:ProportionOfOwnershipInterestInAssociate" unitRef="Pure" id="Tag1885" decimals="2" scale="-2" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OtherInvestmentMember_4" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag5820" decimals="-3" scale="3" format="ixt:num-dot-decimal">281</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_OtherInvestmentMember_3" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1761" decimals="-3" scale="3" format="ixt:num-dot-decimal">349</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_OtherInvestmentMember_3" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag419" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_OtherInvestmentMember_3" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1326" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_OtherInvestmentMember_1" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1318" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Associates </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Hidrovias do Brasil S.A. (ii) </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_HidroviasDoBrasilMember_1" name="ifrs-full:Equity" unitRef="BRL" id="Tag435" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,203,135</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_HidroviasDoBrasilMember_5" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag841" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">229,904</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_HidroviasDoBrasilMember_5" name="ifrs-full:ProportionOfOwnershipInterestInAssociate" unitRef="Pure" id="Tag1686" decimals="4" scale="-2" format="ixt:num-dot-decimal">41.94</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_HidroviasDoBrasilMember_1" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag502" decimals="-3" scale="3" format="ixt:num-dot-decimal">504,629</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_HidroviasDoBrasilMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1389" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_HidroviasDoBrasilMember_5" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1239" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">94,842</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_HidroviasDoBrasilMember_1" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1361" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_HidroviasDoBrasilMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1252" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Metal&#250;rgica Plus S.A. </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_MetalurgicaPlusMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag1372" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,045</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_MetalurgicaPlusMember" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag152" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">276</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_MetalurgicaPlusMember" name="ifrs-full:ProportionOfOwnershipInterestInAssociate" unitRef="Pure" id="Tag1798" decimals="4" scale="-2" format="ixt:num-dot-decimal">33.33</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_MetalurgicaPlusMember" name="ugp:InvestmentsWithEquityDeficitAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1772" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">349</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_MetalurgicaPlusMember" name="ugp:InvestmentsWithEquityDeficitAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1678" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">256</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_MetalurgicaPlusMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1766" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">91</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_MetalurgicaPlusMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1368" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">99</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_MetalurgicaPlusMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1281" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">105</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Plenog&#225;s Distribuidora de G&#225;s S.A. </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_PlenogasDistribuidoraDeGasMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag5822" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,124</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_PlenogasDistribuidoraDeGasMember" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag1365" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,010</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_PlenogasDistribuidoraDeGasMember" name="ifrs-full:ProportionOfOwnershipInterestInAssociate" unitRef="Pure" id="Tag64" decimals="4" scale="-2" format="ixt:num-dot-decimal">33.33</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_PlenogasDistribuidoraDeGasMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1287" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,041</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_PlenogasDistribuidoraDeGasMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1299" decimals="-3" scale="3" format="ixt:num-dot-decimal">497</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_PlenogasDistribuidoraDeGasMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1280" decimals="-3" scale="3" format="ixt:num-dot-decimal">672</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_PlenogasDistribuidoraDeGasMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag479" decimals="-3" scale="3" format="ixt:num-dot-decimal">124</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_PlenogasDistribuidoraDeGasMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1708" decimals="-3" scale="3" format="ixt:num-dot-decimal">118</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other investments </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OtherInvestmentMember_3" name="ifrs-full:Equity" unitRef="BRL" id="Tag1746" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_OtherInvestmentMember_1" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag1883" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_OtherInvestmentMember_1" name="ifrs-full:ProportionOfOwnershipInterestInAssociate" unitRef="Pure" id="Tag1895" decimals="2" scale="-2" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OtherInvestmentMember_3" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1305" decimals="-3" scale="3" format="ixt:num-dot-decimal">41</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_OtherInvestmentMember_1" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag490" decimals="-3" scale="3" format="ixt:num-dot-decimal">33</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_OtherInvestmentMember_1" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1758" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_OtherInvestmentMember_1" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag5411" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_OtherInvestmentMember_3" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1916" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Transportadora Sulbrasileira de G&#225;s S.A. </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TransportadoraSulbrasileiraDeGasMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag1200" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,994</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_TransportadoraSulbrasileiraDeGasMember" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag1818" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,812</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_TransportadoraSulbrasileiraDeGasMember" name="ifrs-full:ProportionOfOwnershipInterestInAssociate" unitRef="Pure" id="Tag440" decimals="4" scale="-2" format="ixt:num-dot-decimal">25.00</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TransportadoraSulbrasileiraDeGasMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1778" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,498</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TransportadoraSulbrasileiraDeGasMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1276" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,978</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_TransportadoraSulbrasileiraDeGasMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag454" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,704</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_TransportadoraSulbrasileiraDeGasMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag5825" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,043</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_TransportadoraSulbrasileiraDeGasMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag149" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,771</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Goodwill on investments (*) </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 10px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Terminal de Combust&#237;veis Paul&#237;nia S.A. ("Opla") </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TerminalDeCombustiveisPauliniaSAOplaMember" name="ifrs-full:GoodwillRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag499" decimals="-3" scale="3" format="ixt:num-dot-decimal">117,306</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TerminalDeCombustiveisPauliniaSAOplaMember" name="ifrs-full:GoodwillRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag5747" decimals="-3" scale="3" format="ixt:num-dot-decimal">158,634</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 10px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Hidrovias do Brasil S.A. </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_HidroviasDoBrasilMember_1" name="ifrs-full:GoodwillRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1384" decimals="-3" scale="3" format="ixt:num-dot-decimal">775,044</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
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<p style="margin: 0pt; text-indent: 0pt;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Fair value adjustment on investments </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 10px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Terminal de Combust&#237;veis Paul&#237;nia S.A. ("Opla") </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_TerminalDeCombustiveisPauliniaSAOplaMember_OplaGroupMember" name="ugp:FairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag5806" decimals="-3" scale="3" format="ixt:num-dot-decimal">38,835</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_TerminalDeCombustiveisPauliniaSAOplaMember_OplaGroupMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag484" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,493</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
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<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
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<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> Advances for acquisition </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
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<td style="padding: 0px 0px 0px 10px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Advances - P&#227;o de A&#231;&#250;car Group stations (iii) </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_PaoDeAcucarGroupStationsMember" name="ugp:AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1260" decimals="-3" scale="3" format="ixt:num-dot-decimal">90,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td valign="bottom" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" colspan="2">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td valign="bottom" style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" colspan="2">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Advance for future capital increase </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right; background-color: #cceeff;" valign="bottom" colspan="2"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 10px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Hidrovias do Brasil S.A. (v) </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_HidroviasDoBrasilMember_5" name="ugp:AdvancesForFutureCapitalIncreaseInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag844" decimals="-3" scale="3" format="ixt:num-dot-decimal">500,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom" colspan="2">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right; background-color: #cceeff;" valign="bottom" colspan="2"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 10px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total (A) </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit" unitRef="BRL" id="Tag462" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,148,284</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit" unitRef="BRL" id="Tag1840" decimals="-3" scale="3" format="ixt:num-dot-decimal">318,100</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1807" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">129,675</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1220" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,908</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom" colspan="2">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1310" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,181</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 10px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total provision for equity deficit (B) </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231" name="ugp:InvestmentsAccountedForUsingEquityMethodProvisionForEquityDeficit" unitRef="BRL" id="Tag1782" decimals="-3" scale="3" format="ixt:num-dot-decimal">349</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231" name="ugp:InvestmentsAccountedForUsingEquityMethodProvisionForEquityDeficit" unitRef="BRL" id="Tag139" decimals="-3" scale="3" format="ixt:num-dot-decimal">256</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right; background-color: #cceeff;" valign="bottom" colspan="2"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px 0px 0px 10px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total investments (A-B) </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1679" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,148,633</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1906" decimals="-3" scale="3" format="ixt:num-dot-decimal">318,356</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom" colspan="2"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; line-height: 1.1;"><br/></p>
<div>
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml">
<div id="t_ft_M9RMMERNB400000000000000000000b">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-36</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<div xmlns="http://www.w3.org/1999/xhtml" id="t_ft_H48WFPP3TC00000000000000000000b">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span style="display: inline;">2023</span> and <span style="display: inline;">2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div>
<div xmlns="http://www.w3.org/1999/xhtml" style="border-left: none; border-right: none;">
<p style="margin:0pt"><br/></p> </div> </ix:exclude> </div>
<div style="border-left: none; border-right: none;">
<div id="t_ft_UN8U4FCPM800000000000000000000b">
<table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td style="width: 3%; vertical-align: top; text-align: center;" valign="top"><span style="color: #000000;font-size: 10pt;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;float: none;display: inline !important;font-family: 'times new roman', times;">(*)</span></td>
<td style="width: 97%; vertical-align: top;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote76" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000;font-size: 10pt;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;float: none;display: inline !important;font-family: 'times new roman', times;">For more information on the accounting policy, see Note <span>14</span>.a.</span></ix:footnote></span></td> </tr> </tbody> </table> </div> </div>
<div id="t_ft_HN2TNZ9QVK00000000000000000000b">
<table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td style="width: 3%; text-align: center; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(i)</span></td>
<td style="width: 97%; vertical-align: top; text-align: justify;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote75" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Subsidiary Ultracargo Log&#237;stica S.A. acquired a <ix:nonFraction contextRef="I20230701_TerminalDeCombustiveisPauliniaSAOplaMember_UltracargoLogisticaSAMember" name="ifrs-full:PercentageOfVotingEquityInterestsAcquired" unitRef="Pure" id="Tag1274" decimals="2" scale="-2" format="ixt:num-dot-decimal">50</ix:nonFraction>% interest in Opla on July 1, 2023. The purchase price allocation (PPA) was completed in June 2024. For further information, see Note <span>27</span>.</span></ix:footnote></span></td> </tr>
<tr>
<td style="text-align: center; vertical-align: top; width: 3%;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(ii)</span></td>
<td style="vertical-align: top; width: 97%; text-align: justify;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote91" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Hidrovias is engaged in logistics and waterway, highway and multimodal infrastructure activities in Brazil and abroad. As of May 2024, date on which the Company began to hold significant influence in Hidrovias, the share of profit (loss) of the associate is recorded with a <span>2</span>-month lag, as it was not feasible to consolidate the figures at the time of acquisition and since then the Company has maintained consistency in its disclosures. For further information, see Note <span>27</span>.a.</span></ix:footnote></span></td> </tr>
<tr>
<td style="text-align: center; vertical-align: top; width: 3%;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(iii)</span></td>
<td style="vertical-align: top; width: 97%; text-align: justify;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote74" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The amount refers to the advance for the acquisition of <span style="border-right: none; border-left: none;">P&#227;o</span> de A&#231;&#250;car Group service stations by subsidiary Centro de Conveni&#234;ncias Millenium Ltda. For further information, see Note <span>1</span>.b<span>.3</span></span></ix:footnote></span></td> </tr>
<tr>
<td style="text-align: center; vertical-align: top; width: 3%;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(iv)</span></td>
<td style="vertical-align: top; width: 97%;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote73" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The amount refers to the advance for future capital increase of Hidrovias, made by subsidiary Ultrapar Log&#237;stica Ltda. For further information, see Note <span>27</span>.a</span></ix:footnote></span></td> </tr> </tbody> </table> </div> </div> </div> </div> </div>
<div>
<p style="margin: 0pt; text-indent: 0pt;"><br/></p> </div>
<div>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfInterestsInSubsidiariesExplanatory" id="Tag5830" escape="true">
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The financial position and income of subsidiaries which have relevant non-controlling interests is shown below:</span></p>
<div id="t_ft_WGLO5Q9NPS00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="height: 87px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">
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<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td colspan="13" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; font-family: 'times new roman', times;"> Consolidated </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> Proportion of interest in share capital and voting rights held by non-controlling interests </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> Equity attributable to non-controlling interests </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td colspan="7" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> Income allocated to non-controlling interests for the year</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; font-family: 'times new roman', times;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; font-family: 'times new roman', times;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; font-family: 'times new roman', times;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; font-family: 'times new roman', times;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; font-family: 'times new roman', times;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; font-family: 'times new roman', times;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center; height: 10px;"><span style="color: #000000; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; font-family: 'times new roman', times;">12/31/2022</span></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 27%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Subsidiaries </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 9%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> % </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 9%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> % </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 9%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 9%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 9%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 9%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 9%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Iconic Lubrificantes S.A. </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_SubsidiariesGroupTwoMember" name="ifrs-full:ProportionOfOwnershipInterestInJointVenture" unitRef="Pure" id="Tag1854" decimals="2" scale="-2" format="ixt:num-dot-decimal">44</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_SubsidiariesGroupTwoMember" name="ifrs-full:ProportionOfOwnershipInterestInJointVenture" unitRef="Pure" id="Tag1321" decimals="2" scale="-2" format="ixt:num-dot-decimal">44</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231_SubsidiariesGroupTwoMember" name="ifrs-full:NoncontrollingInterests" unitRef="BRL" id="Tag453" decimals="-3" scale="3" format="ixt:num-dot-decimal">484,986</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20231231_SubsidiariesGroupTwoMember" name="ifrs-full:NoncontrollingInterests" unitRef="BRL" id="Tag1381" decimals="-3" scale="3" format="ixt:num-dot-decimal">477,710</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_SubsidiariesGroupTwoMember" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" unitRef="BRL" id="Tag1696" decimals="-3" scale="3" format="ixt:num-dot-decimal">135,428</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_SubsidiariesGroupTwoMember" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" unitRef="BRL" id="Tag5189" decimals="-3" scale="3" format="ixt:num-dot-decimal">72,505</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; text-align: right; height: 10px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><ix:nonFraction contextRef="D20221231_SubsidiariesGroupTwoMember" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" unitRef="BRL" id="Tag1565" decimals="-3" scale="3" format="ixt:num-dot-decimal">34,955</ix:nonFraction></span></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> WTZ Participa&#231;&#245;es S.A. </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_WtzParticipacoesSAMember" name="ifrs-full:ProportionOfOwnershipInterestInJointVenture" unitRef="Pure" id="Tag651" decimals="2" scale="-2" format="ixt:num-dot-decimal">48</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20231231_WtzParticipacoesSAMember_1" name="ifrs-full:ProportionOfOwnershipInterestInJointVenture" unitRef="Pure" id="Tag1711" decimals="2" scale="-2" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231_WtzParticipacoesSAMember" name="ifrs-full:NoncontrollingInterests" unitRef="BRL" id="Tag1702" decimals="-3" scale="3" format="ixt:num-dot-decimal">116,249</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20231231_WtzParticipacoesSAMember" name="ifrs-full:NoncontrollingInterests" unitRef="BRL" id="Tag1356" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_WtzParticipacoesSAMember" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" unitRef="BRL" id="Tag1780" decimals="-3" scale="3" format="ixt:num-dot-decimal">25,082</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_WtzParticipacoesSAMember_1" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" unitRef="BRL" id="Tag1784" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; text-align: right; height: 17px;"><span style="font-size: 9pt; font-family: arial, helvetica, sans-serif;"><ix:nonFraction contextRef="D20221231_WtzParticipacoesSAMember" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" unitRef="BRL" id="Tag412" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other investments </span></p> </td>
<td style="height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20241231_OtherInvestmentMember" name="ifrs-full:ProportionOfOwnershipInterestInJointVenture" unitRef="Pure" id="Tag1346" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20231231_OtherInvestmentMember" name="ifrs-full:ProportionOfOwnershipInterestInJointVenture" unitRef="Pure" id="Tag5821" decimals="2" scale="-2" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231_OtherInvestmentMember" name="ifrs-full:NoncontrollingInterests" unitRef="BRL" id="Tag5756" decimals="-3" scale="3" format="ixt:num-dot-decimal">63,491</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20231231_OtherInvestmentMember" name="ifrs-full:NoncontrollingInterests" unitRef="BRL" id="Tag144" decimals="-3" scale="3" format="ixt:num-dot-decimal">45,621</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_OtherInvestmentMember" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" unitRef="BRL" id="Tag1806" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,650</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_OtherInvestmentMember" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" unitRef="BRL" id="Tag3861" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,453</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; text-align: right; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><ix:nonFraction contextRef="D20221231_OtherInvestmentMember" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" unitRef="BRL" id="Tag95" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,275</ix:nonFraction></span></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 30pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 1.15pt;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:NoncontrollingInterests" unitRef="BRL" id="Tag413" decimals="-3" scale="3" format="ixt:num-dot-decimal">664,726</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:NoncontrollingInterests" unitRef="BRL" id="Tag1821" decimals="-3" scale="3" format="ixt:num-dot-decimal">523,331</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" unitRef="BRL" id="Tag1288" decimals="-3" scale="3" format="ixt:num-dot-decimal">163,160</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" unitRef="BRL" id="Tag647" decimals="-3" scale="3" format="ixt:num-dot-decimal">77,958</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; text-align: right; height: 10px; border-bottom-color: #000000 !important;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><ix:nonFraction contextRef="D20221231" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" unitRef="BRL" id="Tag1357" decimals="-3" scale="3" format="ixt:num-dot-decimal">39,230</ix:nonFraction></span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td> </tr> </tbody> </table> </div> </ix:nonNumeric>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><br/></p>
<ix:nonNumeric contextRef="D20241231" name="ugp:SummaryOfFinancialInformationOfJointVenturesAndAssociatesTableTextBlock" id="Tag776" escape="true">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times;">The summarized financial information of the associates and joint ventures relevant for the Company is presented below. The individual financial statements of these entities may differ from the financial information presented here, which is prepared considering Ultrapar's accounting policies and using the most recent financial information available.</span> </p>
<div id="t_ft_ZIOHV69MCW00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="height: 166px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"> <br/></p> </td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" colspan="4"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">12/31/2023</span></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> 10/31/2022 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"> <br/></p> </td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Joint ventures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" colspan="4"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Joint ventures</span></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> Joint ventures </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> RPR </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Opla </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; text-align: center;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">RPR</span></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; text-align: center;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; text-align: center;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; text-align: center;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Opla</span></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> RPR </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 41%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total assets </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 10%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231_RPRMember" name="ifrs-full:Assets" unitRef="BRL" id="Tag147" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,069,063</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 10%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231_TerminalDeCombustiveisPauliniaSAOplaMember" name="ifrs-full:Assets" unitRef="BRL" id="Tag1813" decimals="-3" scale="3" format="ixt:num-dot-decimal">182,810</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><br/></p> </td>
<td style="padding: 0px; background-color: #cceeff; width: 10%; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom"><ix:nonFraction contextRef="I20231231_RPRMember" name="ifrs-full:Assets" unitRef="BRL" id="Tag1197" decimals="-3" scale="3" format="ixt:num-dot-decimal">844,959</ix:nonFraction></td>
<td style="padding: 0px; background-color: #cceeff; width: 1%; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; width: 1%; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; width: 10%; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom"><ix:nonFraction contextRef="I20231231_TerminalDeCombustiveisPauliniaSAOplaMember" name="ifrs-full:Assets" unitRef="BRL" id="Tag1786" decimals="-3" scale="3" format="ixt:num-dot-decimal">190,626</ix:nonFraction></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 10px;"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 10%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20221031_HidroviasDoBrasilMember_RPRMember" name="ifrs-full:Assets" unitRef="BRL" id="Tag449" decimals="-3" scale="3" format="ixt:num-dot-decimal">772,351</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total liabilities </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231_RPRMember" name="ifrs-full:Liabilities" unitRef="BRL" id="Tag1207" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,062,982</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231_TerminalDeCombustiveisPauliniaSAOplaMember" name="ifrs-full:Liabilities" unitRef="BRL" id="Tag68" decimals="-3" scale="3" format="ixt:num-dot-decimal">63,422</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><ix:nonFraction contextRef="I20231231_RPRMember" name="ifrs-full:Liabilities" unitRef="BRL" id="Tag1290" decimals="-3" scale="3" format="ixt:num-dot-decimal">717,926</ix:nonFraction></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><ix:nonFraction contextRef="I20231231_TerminalDeCombustiveisPauliniaSAOplaMember" name="ifrs-full:Liabilities" unitRef="BRL" id="Tag646" decimals="-3" scale="3" format="ixt:num-dot-decimal">82,315</ix:nonFraction></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20221031_HidroviasDoBrasilMember_RPRMember" name="ifrs-full:Liabilities" unitRef="BRL" id="Tag1195" decimals="-3" scale="3" format="ixt:num-dot-decimal">696,501</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Equity </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231_RPRMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag322" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,081</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231_TerminalDeCombustiveisPauliniaSAOplaMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag1263" decimals="-3" scale="3" format="ixt:num-dot-decimal">119,388</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><br/></p> </td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><ix:nonFraction contextRef="I20231231_RPRMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag5777" decimals="-3" scale="3" format="ixt:num-dot-decimal">127,033</ix:nonFraction></td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><ix:nonFraction contextRef="I20231231_TerminalDeCombustiveisPauliniaSAOplaMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag5405" decimals="-3" scale="3" format="ixt:num-dot-decimal">108,311</ix:nonFraction></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20221031_HidroviasDoBrasilMember_RPRMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag258" decimals="-3" scale="3" format="ixt:num-dot-decimal">75,850</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Net revenue </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_RPRMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag1254" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,177,747</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_TerminalDeCombustiveisPauliniaSAOplaMember_6" name="ifrs-full:Revenue" unitRef="BRL" id="Tag468" decimals="-3" scale="3" format="ixt:num-dot-decimal">60,281</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><ix:nonFraction contextRef="D20231231_RPRMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag1264" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,954,931</ix:nonFraction></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><ix:nonFraction contextRef="D20231231_TerminalDeCombustiveisPauliniaSAOplaMember_4" name="ifrs-full:Revenue" unitRef="BRL" id="Tag260" decimals="-3" scale="3" format="ixt:num-dot-decimal">35,117</ix:nonFraction></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20221031_HidroviasDoBrasilMember_RPRMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3320" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,215,987</ix:nonFraction></span></span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Net income (loss) for the year </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_RPRMember" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag430" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">83,097</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_TerminalDeCombustiveisPauliniaSAOplaMember_6" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag1767" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,324</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><br/></p> </td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><ix:nonFraction contextRef="D20231231_RPRMember" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag4245" decimals="-3" scale="3" format="ixt:num-dot-decimal">20,899</ix:nonFraction></td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><ix:nonFraction contextRef="D20231231_TerminalDeCombustiveisPauliniaSAOplaMember_4" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag1604" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,141</ix:nonFraction></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221031_HidroviasDoBrasilMember_RPRMember" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag3371" decimals="-3" scale="3" format="ixt:num-dot-decimal">78,599</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Number of shares or units held </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_RPRMember" name="ugp:NumberOfSharesOrUnitsHeld" unitRef="Shares" id="Tag1602" decimals="0" format="ixt:num-dot-decimal">1,719,491</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_TerminalDeCombustiveisPauliniaSAOplaMember_6" name="ugp:NumberOfSharesOrUnitsHeld" unitRef="Shares" id="Tag1823" decimals="0" format="ixt:num-dot-decimal">16,957,908</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><br/></p> </td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><span style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom;"><ix:nonFraction contextRef="D20231231_RPRMember" name="ugp:NumberOfSharesOrUnitsHeld" unitRef="Shares" id="Tag1834" decimals="0" format="ixt:num-dot-decimal">5,078,888</ix:nonFraction></span></td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><ix:nonFraction contextRef="D20231231_TerminalDeCombustiveisPauliniaSAOplaMember_4" name="ugp:NumberOfSharesOrUnitsHeld" unitRef="Shares" id="Tag1695" decimals="0" format="ixt:num-dot-decimal">33,915,815</ix:nonFraction></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221031_HidroviasDoBrasilMember_RPRMember" name="ugp:NumberOfSharesOrUnitsHeld" unitRef="Shares" id="Tag1242" decimals="0" format="ixt:num-dot-decimal">5,078,888</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest in share capital - % </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-size: 10pt; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="D20241231_RPRMember" name="ifrs-full:ProportionOfOwnershipInterestInJointVenture" unitRef="Pure" id="Tag1258" decimals="4" scale="-2" format="ixt:num-dot-decimal">33.14</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-size: 10pt; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="D20241231_TerminalDeCombustiveisPauliniaSAOplaMember_6" name="ifrs-full:ProportionOfOwnershipInterestInJointVenture" unitRef="Pure" id="Tag455" decimals="4" scale="-2" format="ixt:num-dot-decimal">50.00</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><ix:nonFraction contextRef="D20231231_RPRMember" name="ifrs-full:ProportionOfOwnershipInterestInJointVenture" unitRef="Pure" id="Tag422" decimals="4" scale="-2" format="ixt:num-dot-decimal">33.14</ix:nonFraction></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><ix:nonFraction contextRef="D20231231_TerminalDeCombustiveisPauliniaSAOplaMember_4" name="ifrs-full:ProportionOfOwnershipInterestInJointVenture" unitRef="Pure" id="Tag1809" decimals="4" scale="-2" format="ixt:num-dot-decimal">50.00</ix:nonFraction></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221031_HidroviasDoBrasilMember_RPRMember" name="ifrs-full:ProportionOfOwnershipInterestInJointVenture" unitRef="Pure" id="Tag1304" decimals="4" scale="-2" format="ixt:num-dot-decimal">33.14</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt;"><br/></p>
<div>
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml">
<div id="t_ft_J7CXB8SHS000000000000000000000b">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-37</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<div xmlns="http://www.w3.org/1999/xhtml" id="t_ft_H79X4VWJTC00000000000000000000b">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div>
<p xmlns="http://www.w3.org/1999/xhtml" style="margin: 0pt;"><br/></p> </ix:exclude> </div>
<div id="t_ft_1LW214RFB400000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 223px;" width="100%">
<tbody>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> 10/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt;"> <b><span style="color: #000000;">Associate</span></b> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"><b><span style="font-size: 8pt; color: #000000;">Hidrovias (Consolidated)</span></b> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; width: 88%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Current assets </span></p> </td>
<td style="padding: 0px; vertical-align: top; height: 15px; background-color: #cceeff; width: 11%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241031_HidroviasDoBrasilMember" name="ifrs-full:CurrentAssets" unitRef="BRL" id="Tag1364" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,234,849</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 15px; background-color: #cceeff; width: 1%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Noncurrent assets </span></p> </td>
<td style="padding: 0px; vertical-align: top; height: 10px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241031_HidroviasDoBrasilMember" name="ifrs-full:NoncurrentAssets" unitRef="BRL" id="Tag1208" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,338,418</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 10px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt;">Current liabilities</p> </td>
<td style="padding: 0px; vertical-align: top; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241031_HidroviasDoBrasilMember" name="ifrs-full:CurrentLiabilities" unitRef="BRL" id="Tag1888" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,705,175</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 15px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> Noncurrent liabilities </span></p> </td>
<td style="padding: 0px; vertical-align: top; height: 15px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241031_HidroviasDoBrasilMember" name="ifrs-full:NoncurrentLiabilities" unitRef="BRL" id="Tag3793" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,664,958</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Equity </span></p> </td>
<td style="padding: 0px; vertical-align: top; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241031_HidroviasDoBrasilMember" name="ifrs-full:Equity" unitRef="BRL" id="Tag1816" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,203,134</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 15px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: top; height: 15px;">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 15px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">Net revenue</td>
<td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; text-align: right;"><ix:nonFraction contextRef="D20241031_HidroviasDoBrasilMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag619" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,260,687</ix:nonFraction></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">Gross profit</td>
<td style="padding: 0px; vertical-align: top; height: 17px; text-align: right;"><ix:nonFraction contextRef="D20241031_HidroviasDoBrasilMember" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag115" decimals="-3" scale="3" format="ixt:num-dot-decimal">137,235</ix:nonFraction></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">Net loss for the period</td>
<td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; text-align: right;">(<ix:nonFraction contextRef="D20241031_HidroviasDoBrasilMember" name="ifrs-full:ProfitLoss" unitRef="BRL" id="Tag76" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">324,791</ix:nonFraction></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: top; margin: 0px; text-indent: 0px;" valign="top">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: top; height: 17px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Number of shares or units held </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241031_HidroviasDoBrasilMember" name="ugp:NumberOfSharesOrUnitsHeld" unitRef="Shares" id="Tag3105" decimals="0" format="ixt:num-dot-decimal">318,925,700</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest in share capital - % </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241031_HidroviasDoBrasilMember" name="ifrs-full:ProportionOfOwnershipInterestInAssociate" unitRef="Pure" id="Tag1850" decimals="4" scale="-2" format="ixt:num-dot-decimal">41.94</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;"><br/></td> </tr> </tbody> </table> </div> </ix:nonNumeric> </div>
<div>
<p style="margin: 0pt;"><br/></p>
<div>
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml">
<div id="t_ft_NJBKZ7L8M800000000000000000000b">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-38</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
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<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div>
<p xmlns="http://www.w3.org/1999/xhtml" style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0; font-family: 'times new roman', times;"><br/></p> </ix:exclude> </div>
<ix:nonNumeric contextRef="D20241231" name="ugp:ScheduleOfBalancesAndChangesInInvestmentsAccountedForUsingEquityMethodTableTextBlock" id="Tag781" escape="true">
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; font-family: 'times new roman', times; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times;">Balances and changes in investments in subsidiaries, joint ventures and associates are as follows: </span></p>
<div id="t_ft_K5CF4KZWO000000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin: 0px; height: 467px;" width="100%">
<tbody>
<tr style="height: 29px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Joint ventures </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Associates </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Advances </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Advances for future capital increase </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Total </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 41%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Balance as of December 31, 2021 (i) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20211231_JointVenturesMember" name="ugp:InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit" unitRef="BRL" id="Tag5403" decimals="-3" scale="3" format="ixt:num-dot-decimal">71,389</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20211231_AssociatesMember" name="ugp:InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit" unitRef="BRL" id="Tag1241" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,204</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20211231" name="ugp:InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit" unitRef="BRL" id="Tag495" decimals="-3" scale="3" format="ixt:num-dot-decimal">78,593</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Share of profit (loss) of subsidiaries, joint ventures and associates (*) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231_JointVenturesMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag1345" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,397</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231_AssociatesMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag1828" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,784</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"><ix:nonFraction contextRef="D20221231_AdvancesMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag5793" decimals="-3" scale="3" format="ixt:fixed-zero"> -</ix:nonFraction></span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"><ix:nonFraction contextRef="D20221231_AdvancesForFutureCapitalIncreaseMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag5395" decimals="-3" scale="3" format="ixt:fixed-zero"> -</ix:nonFraction></span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag1199" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,181</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Dividends </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_JointVenturesMember" name="ifrs-full:DividendsReceived" unitRef="BRL" id="Tag1745" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,298</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_AssociatesMember" name="ifrs-full:DividendsReceived" unitRef="BRL" id="Tag1259" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,076</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"><ix:nonFraction contextRef="D20221231_AdvancesMember" name="ifrs-full:DividendsReceived" unitRef="BRL" id="Tag1811" decimals="-3" scale="3" format="ixt:fixed-zero"> -</ix:nonFraction></span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"><ix:nonFraction contextRef="D20221231_AdvancesForFutureCapitalIncreaseMember" name="ifrs-full:DividendsReceived" unitRef="BRL" id="Tag3778" decimals="-3" scale="3" format="ixt:fixed-zero"> -</ix:nonFraction></span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:DividendsReceived" unitRef="BRL" id="Tag668" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,374</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Equity instrument granted (ii) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231_JointVenturesMember" name="ugp:IncreaseDecreaseThroughEquityIntrumentGrantedToSubsidiariesJointVenturesAndAssociates" unitRef="BRL" id="Tag503" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231_AssociatesMember" name="ugp:IncreaseDecreaseThroughEquityIntrumentGrantedToSubsidiariesJointVenturesAndAssociates" unitRef="BRL" id="Tag1676" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"><ix:nonFraction contextRef="D20221231_AdvancesMember" name="ugp:IncreaseDecreaseThroughEquityIntrumentGrantedToSubsidiariesJointVenturesAndAssociates" unitRef="BRL" id="Tag1787" decimals="-3" scale="3" format="ixt:fixed-zero"> -</ix:nonFraction></span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"><ix:nonFraction contextRef="D20221231_AdvancesForFutureCapitalIncreaseMember" name="ugp:IncreaseDecreaseThroughEquityIntrumentGrantedToSubsidiariesJointVenturesAndAssociates" unitRef="BRL" id="Tag1338" decimals="-3" scale="3" format="ixt:fixed-zero"> -</ix:nonFraction></span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:IncreaseDecreaseThroughEquityIntrumentGrantedToSubsidiariesJointVenturesAndAssociates" unitRef="BRL" id="Tag1756" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Accumulated other comprehensive income </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231_JointVenturesMember" name="ugp:IncreaseDecreaseThroughAccumulatedOtherComprehensiveIncome" unitRef="BRL" id="Tag1235" decimals="-3" scale="3" format="ixt:num-dot-decimal">267</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231_AssociatesMember" name="ugp:IncreaseDecreaseThroughAccumulatedOtherComprehensiveIncome" unitRef="BRL" id="Tag3787" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"><ix:nonFraction contextRef="D20221231_AdvancesMember" name="ugp:IncreaseDecreaseThroughAccumulatedOtherComprehensiveIncome" unitRef="BRL" id="Tag1783" decimals="-3" scale="3" format="ixt:fixed-zero"> -</ix:nonFraction></span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"><ix:nonFraction contextRef="D20221231_AdvancesForFutureCapitalIncreaseMember" name="ugp:IncreaseDecreaseThroughAccumulatedOtherComprehensiveIncome" unitRef="BRL" id="Tag496" decimals="-3" scale="3" format="ixt:fixed-zero"> -</ix:nonFraction></span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:IncreaseDecreaseThroughAccumulatedOtherComprehensiveIncome" unitRef="BRL" id="Tag1269" decimals="-3" scale="3" format="ixt:num-dot-decimal">267</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Actuarial gain of post-employment benefits of subsidiaries, net of income and social contribution taxes </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_JointVenturesMember" name="ugp:IncreaseDecreaseThroughActuarialGainLossOfPostEmploymentBenefitsOfSubsidiariesNetOfIncomeAndSocialContributionTaxesInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1802" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,440</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231_AssociatesMember" name="ugp:IncreaseDecreaseThroughActuarialGainLossOfPostEmploymentBenefitsOfSubsidiariesNetOfIncomeAndSocialContributionTaxesInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag464" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"><ix:nonFraction contextRef="D20221231_AdvancesMember" name="ugp:IncreaseDecreaseThroughActuarialGainLossOfPostEmploymentBenefitsOfSubsidiariesNetOfIncomeAndSocialContributionTaxesInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1743" decimals="-3" scale="3" format="ixt:fixed-zero"> -</ix:nonFraction></span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"><ix:nonFraction contextRef="D20221231_AdvancesForFutureCapitalIncreaseMember" name="ugp:IncreaseDecreaseThroughActuarialGainLossOfPostEmploymentBenefitsOfSubsidiariesNetOfIncomeAndSocialContributionTaxesInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1370" decimals="-3" scale="3" format="ixt:fixed-zero"> -</ix:nonFraction></span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ugp:IncreaseDecreaseThroughActuarialGainLossOfPostEmploymentBenefitsOfSubsidiariesNetOfIncomeAndSocialContributionTaxesInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1238" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,440</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Capital increase in cash </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231_JointVenturesMember" name="ugp:IncreaseThroughCapitalContributionInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag5420" decimals="-3" scale="3" format="ixt:num-dot-decimal">28,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231_AssociatesMember" name="ugp:IncreaseThroughCapitalContributionInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1394" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"><ix:nonFraction contextRef="D20221231_AdvancesMember" name="ugp:IncreaseThroughCapitalContributionInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1751" decimals="-3" scale="3" format="ixt:fixed-zero"> -</ix:nonFraction></span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"><ix:nonFraction contextRef="D20221231_AdvancesForFutureCapitalIncreaseMember" name="ugp:IncreaseThroughCapitalContributionInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag481" decimals="-3" scale="3" format="ixt:fixed-zero"> -</ix:nonFraction></span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:IncreaseThroughCapitalContributionInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1890" decimals="-3" scale="3" format="ixt:num-dot-decimal">28,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Shareholder transactions - changes of interest </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231_JointVenturesMember" name="ugp:IncreaseDecreaseThroughChangesOfInvestmentsInterestFromShareholderTransactionInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1887" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,528</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_AssociatesMember" name="ugp:IncreaseDecreaseThroughChangesOfInvestmentsInterestFromShareholderTransactionInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1265" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,528</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"><ix:nonFraction contextRef="D20221231_AdvancesMember" name="ugp:IncreaseDecreaseThroughChangesOfInvestmentsInterestFromShareholderTransactionInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag448" decimals="-3" scale="3" format="ixt:fixed-zero"> -</ix:nonFraction></span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"><ix:nonFraction contextRef="D20221231_AdvancesForFutureCapitalIncreaseMember" name="ugp:IncreaseDecreaseThroughChangesOfInvestmentsInterestFromShareholderTransactionInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1707" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:IncreaseDecreaseThroughChangesOfInvestmentsInterestFromShareholderTransactionInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1253" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Balance as of December 31, 2022 (i) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20221231_JointVenturesMember" name="ugp:InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit" unitRef="BRL" id="Tag1764" decimals="-3" scale="3" format="ixt:num-dot-decimal">106,843</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20221231_AssociatesMember" name="ugp:InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit" unitRef="BRL" id="Tag1209" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,384</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20221231_AdvancesMember" name="ugp:InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit" unitRef="BRL" id="Tag1301" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20221231_AdvancesForFutureCapitalIncreaseMember" name="ugp:InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit" unitRef="BRL" id="Tag1353" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20221231" name="ugp:InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit" unitRef="BRL" id="Tag491" decimals="-3" scale="3" format="ixt:num-dot-decimal">111,227</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Share of profit (loss) of subsidiaries, joint ventures and associates (*) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_JointVenturesMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag1801" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,840</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_AssociatesMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag1819" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,068</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_AdvancesMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag1217" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_AdvancesForFutureCapitalIncreaseMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag433" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag268" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,908</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Dividends </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_JointVenturesMember" name="ifrs-full:DividendsReceived" unitRef="BRL" id="Tag1709" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,072</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_AssociatesMember" name="ifrs-full:DividendsReceived" unitRef="BRL" id="Tag507" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,200</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_AdvancesMember" name="ifrs-full:DividendsReceived" unitRef="BRL" id="Tag1911" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_AdvancesForFutureCapitalIncreaseMember" name="ifrs-full:DividendsReceived" unitRef="BRL" id="Tag1463" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:DividendsReceived" unitRef="BRL" id="Tag1302" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,272</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Equity instrument granted (ii) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_JointVenturesMember" name="ugp:IncreaseDecreaseThroughEquityIntrumentGrantedToSubsidiariesJointVenturesAndAssociates" unitRef="BRL" id="Tag1753" decimals="-3" scale="3" format="ixt:num-dot-decimal">899</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_AssociatesMember" name="ugp:IncreaseDecreaseThroughEquityIntrumentGrantedToSubsidiariesJointVenturesAndAssociates" unitRef="BRL" id="Tag1262" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_AdvancesMember" name="ugp:IncreaseDecreaseThroughEquityIntrumentGrantedToSubsidiariesJointVenturesAndAssociates" unitRef="BRL" id="Tag5414" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_AdvancesForFutureCapitalIncreaseMember" name="ugp:IncreaseDecreaseThroughEquityIntrumentGrantedToSubsidiariesJointVenturesAndAssociates" unitRef="BRL" id="Tag1685" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:IncreaseDecreaseThroughEquityIntrumentGrantedToSubsidiariesJointVenturesAndAssociates" unitRef="BRL" id="Tag393" decimals="-3" scale="3" format="ixt:num-dot-decimal">899</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Acquisition of Terminal de Combust&#237;veis Paul&#237;nia S.A. ("Opla") </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_TerminalDeCombustiveisPauliniaSAOplaMember_JointVenturesMember" name="ugp:IncreaseDecreaseThroughAcquisition" unitRef="BRL" id="Tag4305" decimals="-3" scale="3" format="ixt:num-dot-decimal">210,096</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_TerminalDeCombustiveisPauliniaSAOplaMember_AssociatesMember" name="ugp:IncreaseDecreaseThroughAcquisition" unitRef="BRL" id="Tag441" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_TerminalDeCombustiveisPauliniaSAOplaMember_AdvancesMember" name="ugp:IncreaseDecreaseThroughAcquisition" unitRef="BRL" id="Tag678" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_TerminalDeCombustiveisPauliniaSAOplaMember_AdvancesForFutureCapitalIncreaseMember" name="ugp:IncreaseDecreaseThroughAcquisition" unitRef="BRL" id="Tag311" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_TerminalDeCombustiveisPauliniaSAOplaMember" name="ugp:IncreaseDecreaseThroughAcquisition" unitRef="BRL" id="Tag1886" decimals="-3" scale="3" format="ixt:num-dot-decimal">210,096</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Capital decrease </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20231231_JointVenturesMember" name="ugp:DecreaseThroughCapitalDistributionInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1701" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,100</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20231231_AssociatesMember" name="ugp:DecreaseThroughCapitalDistributionInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1340" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20231231_AdvancesMember" name="ugp:DecreaseThroughCapitalDistributionInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1869" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20231231_AdvancesForFutureCapitalIncreaseMember" name="ugp:DecreaseThroughCapitalDistributionInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1371" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20231231" name="ugp:DecreaseThroughCapitalDistributionInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1741" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,100</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other movements </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_JointVenturesMember" name="ugp:IncreaseDecreaseThroughMovements" unitRef="BRL" id="Tag1841" decimals="-3" scale="3" format="ixt:num-dot-decimal">342</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_AssociatesMember" name="ugp:IncreaseDecreaseThroughMovements" unitRef="BRL" id="Tag609" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_AdvancesMember" name="ugp:IncreaseDecreaseThroughMovements" unitRef="BRL" id="Tag664" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_AdvancesForFutureCapitalIncreaseMember" name="ugp:IncreaseDecreaseThroughMovements" unitRef="BRL" id="Tag1812" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:IncreaseDecreaseThroughMovements" unitRef="BRL" id="Tag1896" decimals="-3" scale="3" format="ixt:num-dot-decimal">342</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Balance as of December 31, 2023 (i) </span></p> </td>
<td style="padding: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20231231_JointVenturesMember" name="ugp:InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit" unitRef="BRL" id="Tag411" decimals="-3" scale="3" format="ixt:num-dot-decimal">313,848</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20231231_AssociatesMember" name="ugp:InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit" unitRef="BRL" id="Tag257" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,252</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20231231_AdvancesMember" name="ugp:InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit" unitRef="BRL" id="Tag1866" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20231231_AdvancesForFutureCapitalIncreaseMember" name="ugp:InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit" unitRef="BRL" id="Tag1349" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20231231" name="ugp:InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit" unitRef="BRL" id="Tag399" decimals="-3" scale="3" format="ixt:num-dot-decimal">318,100</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Share of profit (loss) of subsidiaries, joint ventures and associates (*) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_JointVenturesMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag838" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">34,625</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_AssociatesMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag219" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">92,557</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AdvancesMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag1300" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AdvancesForFutureCapitalIncreaseMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag1373" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag1215" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">127,182</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Amortization of fair value adjustments </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_JointVenturesMember" name="ugp:AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag487" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,493</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AssociatesMember" name="ugp:AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag405" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AdvancesMember" name="ugp:AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1789" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AdvancesForFutureCapitalIncreaseMember" name="ugp:AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1831" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1295" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,493</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Dividends </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_JointVenturesMember" name="ifrs-full:DividendsReceived" unitRef="BRL" id="Tag1531" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_AssociatesMember" name="ifrs-full:DividendsReceived" unitRef="BRL" id="Tag1319" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,196</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AdvancesMember" name="ifrs-full:DividendsReceived" unitRef="BRL" id="Tag120" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AdvancesForFutureCapitalIncreaseMember" name="ifrs-full:DividendsReceived" unitRef="BRL" id="Tag5401" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:DividendsReceived" unitRef="BRL" id="Tag1386" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,196</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Equity instrument granted (ii) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_JointVenturesMember" name="ugp:IncreaseDecreaseThroughEquityIntrumentGrantedToSubsidiariesJointVenturesAndAssociates" unitRef="BRL" id="Tag1748" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AssociatesMember" name="ugp:IncreaseDecreaseThroughEquityIntrumentGrantedToSubsidiariesJointVenturesAndAssociates" unitRef="BRL" id="Tag626" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,540</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AdvancesMember" name="ugp:IncreaseDecreaseThroughEquityIntrumentGrantedToSubsidiariesJointVenturesAndAssociates" unitRef="BRL" id="Tag1683" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AdvancesForFutureCapitalIncreaseMember" name="ugp:IncreaseDecreaseThroughEquityIntrumentGrantedToSubsidiariesJointVenturesAndAssociates" unitRef="BRL" id="Tag109" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:IncreaseDecreaseThroughEquityIntrumentGrantedToSubsidiariesJointVenturesAndAssociates" unitRef="BRL" id="Tag5740" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,540</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Accumulated other comprehensive income </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_JointVenturesMember" name="ugp:IncreaseDecreaseThroughAccumulatedOtherComprehensiveIncome" unitRef="BRL" id="Tag442" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,427</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AssociatesMember" name="ugp:IncreaseDecreaseThroughAccumulatedOtherComprehensiveIncome" unitRef="BRL" id="Tag1747" decimals="-3" scale="3" format="ixt:num-dot-decimal">37,458</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AdvancesMember" name="ugp:IncreaseDecreaseThroughAccumulatedOtherComprehensiveIncome" unitRef="BRL" id="Tag1601" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AdvancesForFutureCapitalIncreaseMember" name="ugp:IncreaseDecreaseThroughAccumulatedOtherComprehensiveIncome" unitRef="BRL" id="Tag1849" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:IncreaseDecreaseThroughAccumulatedOtherComprehensiveIncome" unitRef="BRL" id="Tag130" decimals="-3" scale="3" format="ixt:num-dot-decimal">35,031</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Capital increase in cash </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_JointVenturesMember" name="ugp:IncreaseThroughCapitalContributionInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1773" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AssociatesMember" name="ugp:IncreaseThroughCapitalContributionInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag850" decimals="-3" scale="3" format="ixt:num-dot-decimal">42,985</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AdvancesMember" name="ugp:IncreaseThroughCapitalContributionInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1904" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AdvancesForFutureCapitalIncreaseMember" name="ugp:IncreaseThroughCapitalContributionInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag459" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:IncreaseThroughCapitalContributionInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1332" decimals="-3" scale="3" format="ixt:num-dot-decimal">42,985</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Capital decrease in shares </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20241231_JointVenturesMember" name="ugp:DecreaseThroughCapitalDistributionInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1893" decimals="-3" scale="3" format="ixt:num-dot-decimal">522</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231_AssociatesMember" name="ugp:DecreaseThroughCapitalDistributionInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1327" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231_AdvancesMember" name="ugp:DecreaseThroughCapitalDistributionInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1250" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231_AdvancesForFutureCapitalIncreaseMember" name="ugp:DecreaseThroughCapitalDistributionInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1204" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20241231" name="ugp:DecreaseThroughCapitalDistributionInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag488" decimals="-3" scale="3" format="ixt:num-dot-decimal">522</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Advances for investments - GPA stations </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_JointVenturesMember" name="ugp:AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1836" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AssociatesMember" name="ugp:AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1762" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AdvancesMember" name="ugp:AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag5783" decimals="-3" scale="3" format="ixt:num-dot-decimal">90,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20241231_AdvancesForFutureCapitalIncreaseMember" name="ugp:AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1387" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1846" decimals="-3" scale="3" format="ixt:num-dot-decimal">90,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Acquisition of shares of Hidrovias do Brasil S.A. </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_JointVenturesMember_HidroviasDoBrasilMember" name="ugp:IncreaseDecreaseThroughAcquisition" unitRef="BRL" id="Tag475" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AssociatesMember_HidroviasDoBrasilMember" name="ugp:IncreaseDecreaseThroughAcquisition" unitRef="BRL" id="Tag477" decimals="-3" scale="3" format="ixt:num-dot-decimal">647,201</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_HidroviasDoBrasilMember_AdvancesMember" name="ugp:IncreaseDecreaseThroughAcquisition" unitRef="BRL" id="Tag1765" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_HidroviasDoBrasilMember_AdvancesForFutureCapitalIncreaseMember" name="ugp:IncreaseDecreaseThroughAcquisition" unitRef="BRL" id="Tag5826" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_HidroviasDoBrasilMember_4" name="ugp:IncreaseDecreaseThroughAcquisition" unitRef="BRL" id="Tag1334" decimals="-3" scale="3" format="ixt:num-dot-decimal">647,201</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Transfers of financial assets to investments (iii) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_JointVenturesMember" name="ugp:IncreaseDecreaseThroughTransfersOfFinancialAssetsToInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag674" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AssociatesMember" name="ugp:IncreaseDecreaseThroughTransfersOfFinancialAssetsToInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1352" decimals="-3" scale="3" format="ixt:num-dot-decimal">645,333</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AdvancesMember" name="ugp:IncreaseDecreaseThroughTransfersOfFinancialAssetsToInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1903" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AdvancesForFutureCapitalIncreaseMember" name="ugp:IncreaseDecreaseThroughTransfersOfFinancialAssetsToInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1377" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:IncreaseDecreaseThroughTransfersOfFinancialAssetsToInvestmentsAccountedForUsingEquityMethod" unitRef="BRL" id="Tag822" decimals="-3" scale="3" format="ixt:num-dot-decimal">645,333</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Advance for future capital increase (iv) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_JointVenturesMember" name="ugp:AdvancesForFutureCapitalIncreaseInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1677" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20241231_AssociatesMember" name="ugp:AdvancesForFutureCapitalIncreaseInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1824" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20241231_AdvancesMember" name="ugp:AdvancesForFutureCapitalIncreaseInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1307" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AdvancesForFutureCapitalIncreaseMember" name="ugp:AdvancesForFutureCapitalIncreaseInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1770" decimals="-3" scale="3" format="ixt:num-dot-decimal">500,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:AdvancesForFutureCapitalIncreaseInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag467" decimals="-3" scale="3" format="ixt:num-dot-decimal">500,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other movements </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_JointVenturesMember" name="ugp:IncreaseDecreaseThroughMovements" unitRef="BRL" id="Tag612" decimals="-3" scale="3" format="ixt:num-dot-decimal">599</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_AssociatesMember" name="ugp:IncreaseDecreaseThroughMovements" unitRef="BRL" id="Tag1838" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,112</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AdvancesMember" name="ugp:IncreaseDecreaseThroughMovements" unitRef="BRL" id="Tag1297" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AdvancesForFutureCapitalIncreaseMember" name="ugp:IncreaseDecreaseThroughMovements" unitRef="BRL" id="Tag1606" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:IncreaseDecreaseThroughMovements" unitRef="BRL" id="Tag1359" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">513</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Balance as of December 31, 2024 (i) </span></p> </td>
<td style="padding: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231_JointVenturesMember" name="ugp:InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit" unitRef="BRL" id="Tag1191" decimals="-3" scale="3" format="ixt:num-dot-decimal">274,380</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231_AssociatesMember" name="ugp:InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit" unitRef="BRL" id="Tag677" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,283,904</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231_AdvancesMember" name="ugp:InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit" unitRef="BRL" id="Tag1847" decimals="-3" scale="3" format="ixt:num-dot-decimal">90,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231_AdvancesForFutureCapitalIncreaseMember" name="ugp:InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit" unitRef="BRL" id="Tag5410" decimals="-3" scale="3" format="ixt:num-dot-decimal">500,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20241231" name="ugp:InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit" unitRef="BRL" id="Tag1791" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,148,284</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt;"><br/></p>
<div id="t_ft_8DSP3K9L8000000000000000000000b">
<table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; height: 85px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr style="height: 17px;">
<td style="width: 3%; height: 17px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(*)</span></td>
<td style="width: 97%; height: 17px;"><span><ix:footnote xml:lang="en-US" id="footnote85" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Adjusted for unrealized profits between subsidiaries.</span></ix:footnote></span></td> </tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(i)</span></td>
<td style="height: 17px;"><span><ix:footnote xml:lang="en-US" id="footnote86" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Investments in subsidiaries, joint ventures and associates net of provision for equity deficit.</span></ix:footnote></span></td> </tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(ii)</span></td>
<td style="height: 17px; text-align: justify;"><span><ix:footnote xml:lang="en-US" id="footnote15" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amounts refer to grants of long-term incentives in subsidiaries Ultrapar Mobilidade, Ultragaz Participa&#231;&#245;es and Ultrapar Log&#237;stica.</span></ix:footnote></span></td> </tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(iii)</span></td>
<td style="height: 17px;"><span><ix:footnote xml:lang="en-US" id="footnote14" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amounts refer to the acquisition of stake in Hidrovias do Brasil S.A. For further details, see Note <span style="border-left: none; border-right: none;"><span>27</span></span>.a.</span></ix:footnote></span></td> </tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(iv)</span></td>
<td style="height: 17px; text-align: justify;"><span><ix:footnote xml:lang="en-US" id="footnote13" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amounts refer to the advance for future capital increase made in December 2024 by subsidiary Ultrapar Log&#237;stica Ltda. in Hidrovias do Brasil S.A.</span></ix:footnote></span></td> </tr> </tbody> </table> </div> </ix:nonNumeric> </div> </ix:nonNumeric> </div>
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<p style="margin: 0pt; text-indent: 0pt; font-family: 'times new roman', times;"><br/></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-39</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div> </div><div style="font-family: 'times new roman', times; font-size: 10pt;">
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<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, 2023 and 2022</span></span></td>
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<div><br/></div>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfLeasesExplanatory" id="Tag5780" escape="true">
<div style="line-height: 1.2;">
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB12_1422025194646817" class="customBookmark"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">12. Right-of-use assets and leases payable</span></a></div>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory" id="Tag229" escape="true">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries recognized in the statement of financial position right-of-use assets and the respective lease liabilities initially measured at the present value of future lease payments, discounted by the incremental loan rate of the Company, considering the related contract costs. Right-of-use assets include amounts related to port area lease grants.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The remeasurement of assets and liabilities based on the contractual index is recognized in the statement of financial position, not having an effect on the result. In case of cancellation of the contract, the assets and respective liabilities are written off to the result, considering, if it is the case, any penalties provided in contractual clauses. The Company and its subsidiaries have no intention of purchasing the underlying asset.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The amortization expenses of right-of-use assets are recognized in the statement of income over the lease contract term. When the right-of-use asset is used in the construction of the property, plant, and equipment (&#8220;PP&amp;E&#8221;), its amortization is capitalized until the asset under construction is completed. The liability is increased for interest and decreased by lease payments made. The interest is recognized in the statement of income using the effective interest rate method.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For short-term leases of <span>12</span> months or less and lease contracts of low-value assets, which do not have a purchase option at the end of the contract the Company and its subsidiaries recognize the lease expense in the statement of income as incurred over the lease term.</span></p> </ix:nonNumeric>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory" id="Tag771" escape="true">
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<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-style: italic;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;">a. Right-of-use assets</span></span><span style="font-size: 10pt; font-style: italic; font-weight: bold;"><br/></span></p> </div>
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<div id="t_ft_45I1W2BQQO00000000000000000000b">
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average useful life (years) </span></p> </td>
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<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2023 </span></p> </td>
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<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions and remeasurement (i) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Transfers (ii) </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Amortization </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2024 </span></p> </td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 20%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Real estate </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_RightofuseAssetsMember_RealEstatePropertyMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag3157" format="ixt-sec:duryear">9</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_RightofuseAssetsMember_RealEstatePropertyMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4144" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,998,866</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_RealEstatePropertyMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag3904" decimals="-3" scale="3" format="ixt:num-dot-decimal">196,194</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_RealEstatePropertyMember_GrossCarryingAmountMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag3978" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">207,945</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_RealEstatePropertyMember_GrossCarryingAmountMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag3899" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_RealEstatePropertyMember_GrossCarryingAmountMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3986" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_RightofuseAssetsMember_GrossCarryingAmountMember_RealEstatePropertyMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4162" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,987,115</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Port areas </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_RightofuseAssetsMember_PortAreasMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag4104" format="ixt-sec:duryear">32</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_RightofuseAssetsMember_PortAreasMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3185" decimals="-3" scale="3" format="ixt:num-dot-decimal">314,964</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_PortAreasMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag3918" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,025</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_PortAreasMember_GrossCarryingAmountMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag3945" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_PortAreasMember_GrossCarryingAmountMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag4160" decimals="-3" scale="3" format="ixt:num-dot-decimal">26,750</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_PortAreasMember_GrossCarryingAmountMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3996" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_RightofuseAssetsMember_GrossCarryingAmountMember_PortAreasMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3948" decimals="-3" scale="3" format="ixt:num-dot-decimal">343,739</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_RightofuseAssetsMember_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag3970" format="ixt-sec:duryear">3</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_RightofuseAssetsMember_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3876" decimals="-3" scale="3" format="ixt:num-dot-decimal">270,388</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag3984" decimals="-3" scale="3" format="ixt:num-dot-decimal">143,043</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_VehiclesMember_GrossCarryingAmountMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag4020" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">56,337</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_VehiclesMember_GrossCarryingAmountMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag3954" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_VehiclesMember_GrossCarryingAmountMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3989" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_RightofuseAssetsMember_GrossCarryingAmountMember_VehiclesMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3980" decimals="-3" scale="3" format="ixt:num-dot-decimal">357,094</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_RightofuseAssetsMember_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag4183" format="ixt-sec:duryear">3</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_RightofuseAssetsMember_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3886" decimals="-3" scale="3" format="ixt:num-dot-decimal">38,278</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag3889" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,958</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_MachineryMember_GrossCarryingAmountMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag4101" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">10,591</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_MachineryMember_GrossCarryingAmountMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag3956" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_MachineryMember_GrossCarryingAmountMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag4001" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_RightofuseAssetsMember_GrossCarryingAmountMember_MachineryMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3982" decimals="-3" scale="3" format="ixt:num-dot-decimal">33,645</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_RightofuseAssetsMember_OtherAssetsMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag4158" format="ixt-sec:duryear">20</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_RightofuseAssetsMember_OtherAssetsMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4102" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,846</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_OtherAssetsMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag4212" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_OtherAssetsMember_GrossCarryingAmountMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag3820" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_OtherAssetsMember_GrossCarryingAmountMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag4163" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_OtherAssetsMember_GrossCarryingAmountMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag4053" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_RightofuseAssetsMember_GrossCarryingAmountMember_OtherAssetsMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3952" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,846</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_RightofuseAssetsMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3937" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,650,342</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag4084" decimals="-3" scale="3" format="ixt:num-dot-decimal">347,220</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_GrossCarryingAmountMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag4216" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">274,873</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_GrossCarryingAmountMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag4214" decimals="-3" scale="3" format="ixt:num-dot-decimal">26,750</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_GrossCarryingAmountMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag4213" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_RightofuseAssetsMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3039" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,749,439</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated amortization: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Real estate </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_RightofuseAssetsMember_RealEstatePropertyMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3887" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">753,198</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_RealEstatePropertyMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag3951" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_RealEstatePropertyMember_AccumulatedDepreciationAndAmortisationMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag4071" decimals="-3" scale="3" format="ixt:num-dot-decimal">131,716</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_RealEstatePropertyMember_AccumulatedDepreciationAndAmortisationMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag4135" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,402</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_RealEstatePropertyMember_AccumulatedDepreciationAndAmortisationMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3345" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">197,849</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_RealEstatePropertyMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4186" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">823,733</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Port areas </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_RightofuseAssetsMember_PortAreasMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3964" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">44,620</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_PortAreasMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag3981" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_PortAreasMember_AccumulatedDepreciationAndAmortisationMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag3967" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_PortAreasMember_AccumulatedDepreciationAndAmortisationMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag4055" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_PortAreasMember_AccumulatedDepreciationAndAmortisationMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag4033" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">8,072</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_PortAreasMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4022" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">52,692</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_RightofuseAssetsMember_VehiclesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4039" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">109,967</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_VehiclesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag3942" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_VehiclesMember_AccumulatedDepreciationAndAmortisationMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag4041" decimals="-3" scale="3" format="ixt:num-dot-decimal">35,669</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_VehiclesMember_AccumulatedDepreciationAndAmortisationMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag4083" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_VehiclesMember_AccumulatedDepreciationAndAmortisationMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag4139" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">95,538</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_VehiclesMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4132" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">169,836</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_RightofuseAssetsMember_MachineryMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3950" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,184</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_MachineryMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag4062" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_MachineryMember_AccumulatedDepreciationAndAmortisationMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag4103" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,778</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_MachineryMember_AccumulatedDepreciationAndAmortisationMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag4070" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_MachineryMember_AccumulatedDepreciationAndAmortisationMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag4124" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">10,601</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> (<ix:nonFraction contextRef="I20241231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_MachineryMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3903" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,007</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_RightofuseAssetsMember_OtherAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3907" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">25,847</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_OtherAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag3960" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_OtherAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag3946" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_OtherAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag3181" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_OtherAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag4193" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> (<ix:nonFraction contextRef="I20241231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_OtherAssetsMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4014" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">25,847</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4169" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">938,816</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag4136" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag3925" decimals="-3" scale="3" format="ixt:num-dot-decimal">177,163</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag4000" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,402</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag4030" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">312,060</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4054" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,078,115</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net amount </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_RightofuseAssetsMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3227" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,711,526</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag4150" decimals="-3" scale="3" format="ixt:num-dot-decimal">347,220</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_RightofuseAssetsMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag4149" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">97,710</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag4058" decimals="-3" scale="3" format="ixt:num-dot-decimal">22,348</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_RightofuseAssetsMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3974" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">312,060</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_RightofuseAssetsMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4081" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,671,324</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"> <br/></p>
<table style="width: 100%; margin: 0px; height: 32px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">
<tbody>
<tr style="height: 16px;">
<td style="height: 16px; width: 3%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">(i)</span> </td>
<td style="height: 16px; width: 97%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote11" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">Considers R$ <ix:nonFraction contextRef="D20241231" name="ugp:AdditionOnRightToUseAssetsAndLeasesPayable" unitRef="BRL" id="Tag4097" decimals="-3" scale="3" format="ixt:num-dot-decimal">342,332</ix:nonFraction> r</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">eferring to additions and remeasurements between right-of-use assets and leases payable.</span></span></ix:footnote></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; width: 3%;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(ii)</span></td>
<td style="height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: justify; width: 97%;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote10" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Refers to the amortization of the right of use, which is being capitalized as Construction in progress until the beginning of its operation. Additionally, the cost includes the advance balance of the grant of </span>Macei&#243;<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> carried out in Ipiranga.</span></ix:footnote></span></td> </tr> </tbody> </table>
<p style="margin: 0pt; line-height: 1.2;"><br/></p>
<div>
<ix:exclude>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-40</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
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<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, 2023 and 2022</span></span></td>
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<table cellspacing="0" cellpadding="0" style="height: 250px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 99.9997%; text-indent: 0px;" width="100%">
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<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average useful life (years) </span></p> </td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions and remeasurement (i)</span></p> </td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Write-offs </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Transfers (ii)</span></p> </td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Amortization </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Acquisition of subsidiary (iii)</span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2023 </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: middle; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: middle; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td> </tr>
<tr style="height: 16px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Real estate </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_RealEstatePropertyMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag4037" format="ixt-sec:duryear">10</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_RightofuseAssetsMember_GrossCarryingAmountMember_RealEstatePropertyMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3894" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,019,898</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_RealEstatePropertyMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag4170" decimals="-3" scale="3" format="ixt:num-dot-decimal">140,245</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_RealEstatePropertyMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag3871" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">165,551</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_RealEstatePropertyMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag4156" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_RealEstatePropertyMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag4075" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_RealEstatePropertyMember" name="ugp:IncreaseDecreaseInRightOfUseAssetThroughAcquisitionOfSubsidiaries" unitRef="BRL" id="Tag4048" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,274</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_RightofuseAssetsMember_RealEstatePropertyMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3992" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,998,866</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Port areas </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_PortAreasMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag4095" format="ixt-sec:duryear">29</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_RightofuseAssetsMember_GrossCarryingAmountMember_PortAreasMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4137" decimals="-3" scale="3" format="ixt:num-dot-decimal">311,174</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_PortAreasMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag3940" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,790</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_PortAreasMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag3959" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_PortAreasMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag3325" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_PortAreasMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag534" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_PortAreasMember" name="ugp:IncreaseDecreaseInRightOfUseAssetThroughAcquisitionOfSubsidiaries" unitRef="BRL" id="Tag4067" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_RightofuseAssetsMember_PortAreasMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4153" decimals="-3" scale="3" format="ixt:num-dot-decimal">314,964</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_VehiclesMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag4064" format="ixt-sec:duryear">4</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_RightofuseAssetsMember_GrossCarryingAmountMember_VehiclesMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3971" decimals="-3" scale="3" format="ixt:num-dot-decimal">186,455</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_VehiclesMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag4175" decimals="-3" scale="3" format="ixt:num-dot-decimal">120,705</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_VehiclesMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag3933" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">71,781</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_VehiclesMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag3885" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_VehiclesMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3879" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_VehiclesMember" name="ugp:IncreaseDecreaseInRightOfUseAssetThroughAcquisitionOfSubsidiaries" unitRef="BRL" id="Tag4138" decimals="-3" scale="3" format="ixt:num-dot-decimal">35,009</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_RightofuseAssetsMember_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4123" decimals="-3" scale="3" format="ixt:num-dot-decimal">270,388</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Equipment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_MachineryMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag4069" format="ixt-sec:duryear">5</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_RightofuseAssetsMember_GrossCarryingAmountMember_MachineryMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4184" decimals="-3" scale="3" format="ixt:num-dot-decimal">26,345</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_MachineryMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag3916" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,910</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_MachineryMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag4006" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,973</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_MachineryMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag4142" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_MachineryMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag4029" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_MachineryMember" name="ugp:IncreaseDecreaseInRightOfUseAssetThroughAcquisitionOfSubsidiaries" unitRef="BRL" id="Tag3929" decimals="-3" scale="3" format="ixt:num-dot-decimal">996</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_RightofuseAssetsMember_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3286" decimals="-3" scale="3" format="ixt:num-dot-decimal">38,278</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_OtherAssetsMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag4018" format="ixt-sec:duryear">20</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_RightofuseAssetsMember_GrossCarryingAmountMember_OtherAssetsMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3990" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,846</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_OtherAssetsMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag3890" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_OtherAssetsMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag4045" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_OtherAssetsMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag3988" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_OtherAssetsMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag4131" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember_OtherAssetsMember" name="ugp:IncreaseDecreaseInRightOfUseAssetThroughAcquisitionOfSubsidiaries" unitRef="BRL" id="Tag4120" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_RightofuseAssetsMember_OtherAssetsMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4060" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,846</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_RightofuseAssetsMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4151" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,571,718</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag4166" decimals="-3" scale="3" format="ixt:num-dot-decimal">277,650</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag4099" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">239,305</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag3900" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag4004" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_GrossCarryingAmountMember" name="ugp:IncreaseDecreaseInRightOfUseAssetThroughAcquisitionOfSubsidiaries" unitRef="BRL" id="Tag4002" decimals="-3" scale="3" format="ixt:num-dot-decimal">40,279</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_RightofuseAssetsMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4059" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,650,342</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated amortization: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Real estate </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_RealEstatePropertyMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3977" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">634,688</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_RealEstatePropertyMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag4044" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_RealEstatePropertyMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag3144" decimals="-3" scale="3" format="ixt:num-dot-decimal">95,896</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_RealEstatePropertyMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag3924" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,491</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_RealEstatePropertyMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag4003" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">209,522</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_RealEstatePropertyMember" name="ugp:IncreaseDecreaseInRightOfUseAssetThroughAcquisitionOfSubsidiaries" unitRef="BRL" id="Tag4046" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">393</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_RightofuseAssetsMember_RealEstatePropertyMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4007" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">753,198</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Port areas </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_PortAreasMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3909" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">36,773</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_PortAreasMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag4146" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_PortAreasMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag3100" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_PortAreasMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag3957" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_PortAreasMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag4098" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7,847</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_PortAreasMember" name="ugp:IncreaseDecreaseInRightOfUseAssetThroughAcquisitionOfSubsidiaries" unitRef="BRL" id="Tag4110" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_RightofuseAssetsMember_PortAreasMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3917" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">44,620</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_VehiclesMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4057" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">83,902</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_VehiclesMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag4122" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_VehiclesMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag3953" decimals="-3" scale="3" format="ixt:num-dot-decimal">63,708</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_VehiclesMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag4127" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_VehiclesMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3934" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">80,661</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_VehiclesMember" name="ugp:IncreaseDecreaseInRightOfUseAssetThroughAcquisitionOfSubsidiaries" unitRef="BRL" id="Tag4148" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">9,112</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_RightofuseAssetsMember_VehiclesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3025" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">109,967</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Equipment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_MachineryMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3872" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,850</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_MachineryMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag3873" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_MachineryMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag4034" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,974</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_MachineryMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag3243" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_MachineryMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag4021" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,151</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_MachineryMember" name="ugp:IncreaseDecreaseInRightOfUseAssetThroughAcquisitionOfSubsidiaries" unitRef="BRL" id="Tag4143" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">157</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_RightofuseAssetsMember_MachineryMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4126" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,184</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_OtherAssetsMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3973" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">22,128</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_OtherAssetsMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag4173" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_OtherAssetsMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag4027" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_OtherAssetsMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag3896" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_OtherAssetsMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag4009" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,719</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_OtherAssetsMember" name="ugp:IncreaseDecreaseInRightOfUseAssetThroughAcquisitionOfSubsidiaries" unitRef="BRL" id="Tag4015" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_RightofuseAssetsMember_OtherAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3906" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">25,847</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3931" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">780,341</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag3930" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag4125" decimals="-3" scale="3" format="ixt:num-dot-decimal">161,578</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag3914" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,491</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3976" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">305,900</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ugp:IncreaseDecreaseInRightOfUseAssetThroughAcquisitionOfSubsidiaries" unitRef="BRL" id="Tag4025" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">9,662</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3882" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">938,816</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net amount </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_RightofuseAssetsMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3902" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,791,377</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_RightofuseAssetsMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag4155" decimals="-3" scale="3" format="ixt:num-dot-decimal">277,650</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_RightofuseAssetsMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag3895" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">77,727</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_RightofuseAssetsMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag4147" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,491</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_RightofuseAssetsMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag4093" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">305,900</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_RightofuseAssetsMember" name="ugp:IncreaseDecreaseInRightOfUseAssetThroughAcquisitionOfSubsidiaries" unitRef="BRL" id="Tag4187" decimals="-3" scale="3" format="ixt:num-dot-decimal">30,617</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_RightofuseAssetsMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3901" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,711,526</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> </div>
<div><br/></div>
<div>
<table style="width: 100%; margin-left: 0.1px; height: 48px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr style="height: 16px;">
<td style="width: 3%; height: 16px; vertical-align: top;" valign="top">(i)</td>
<td style="width: 97%; height: 16px; text-align: justify;"><span><ix:footnote xml:lang="en-US" id="footnote12" footnoteRole="http://www.xbrl.org/2003/role/footnote">Considers R$ <ix:nonFraction contextRef="D20231231_35" name="ugp:AdditionOnRightToUseAssetsAndLeasesPayable" unitRef="BRL" id="Tag3246" decimals="-3" scale="3" format="ixt:num-dot-decimal">257,201</ix:nonFraction> referring to additions and remeasurements between right-of-use assets and leases payable.</ix:footnote></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top">(ii)</td>
<td style="height: 16px; text-align: justify;"><span><ix:footnote xml:lang="en-US" id="footnote68" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: &quot;times new roman&quot;, times; font-size: 13.3333px; text-indent: -24px; float: none; display: inline !important;">Refers to the amortization of the right of use, which is being capitalized as Construction in progress until the beginning of its operation.</span></ix:footnote></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px;">(iii)</td>
<td style="height: 16px;"><span><ix:footnote xml:lang="en-US" id="footnote69" footnoteRole="http://www.xbrl.org/2003/role/footnote">For further information, see Note 27.</ix:footnote></span></td> </tr> </tbody> </table> </div>
<div style="line-height: 1;"><br/>
<table cellspacing="0" cellpadding="0" style="height: 266px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 32px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 32px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; text-align: center;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Weighted average useful life (years)</span></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2021 </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions and remeasurement </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;"><br/></td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;"><br/></td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Transfers (i)</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;"><br/></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Amortization </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;"><br/></td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 20%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Real estate </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember_RealEstatePropertyMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag4190" format="ixt-sec:duryear">10</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_RightofuseAssetsMember_GrossCarryingAmountMember_RealEstatePropertyMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4032" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,793,473</ix:nonFraction> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember_RealEstatePropertyMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag4036" decimals="-3" scale="3" format="ixt:num-dot-decimal">366,805</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember_RealEstatePropertyMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag4042" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">140,380</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember_RealEstatePropertyMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag4145" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember_RealEstatePropertyMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag4171" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_RightofuseAssetsMember_GrossCarryingAmountMember_RealEstatePropertyMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4074" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,019,898</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Port areas </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember_PortAreasMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag4191" format="ixt-sec:duryear">29</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_RightofuseAssetsMember_GrossCarryingAmountMember_PortAreasMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag1378" decimals="-3" scale="3" format="ixt:num-dot-decimal">299,630</ix:nonFraction> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember_PortAreasMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag4026" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,868</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember_PortAreasMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag3991" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">324</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember_PortAreasMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag4040" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember_PortAreasMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3081" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_RightofuseAssetsMember_GrossCarryingAmountMember_PortAreasMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3972" decimals="-3" scale="3" format="ixt:num-dot-decimal">311,174</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember_VehiclesMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag4105" format="ixt-sec:duryear">4</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_RightofuseAssetsMember_GrossCarryingAmountMember_VehiclesMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4107" decimals="-3" scale="3" format="ixt:num-dot-decimal">146,173</ix:nonFraction> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember_VehiclesMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag3936" decimals="-3" scale="3" format="ixt:num-dot-decimal">115,666</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember_VehiclesMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag3018" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">75,384</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember_VehiclesMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag4080" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember_VehiclesMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag4141" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_RightofuseAssetsMember_GrossCarryingAmountMember_VehiclesMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4154" decimals="-3" scale="3" format="ixt:num-dot-decimal">186,455</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Equipment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember_MachineryMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag3928" format="ixt-sec:duryear">5</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_RightofuseAssetsMember_GrossCarryingAmountMember_MachineryMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3875" decimals="-3" scale="3" format="ixt:num-dot-decimal">16,740</ix:nonFraction> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember_MachineryMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag3363" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,958</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember_MachineryMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag3962" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">353</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember_MachineryMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag3884" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember_MachineryMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3949" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_RightofuseAssetsMember_GrossCarryingAmountMember_MachineryMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3995" decimals="-3" scale="3" format="ixt:num-dot-decimal">26,345</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember_OtherAssetsMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag3985" format="ixt-sec:duryear">20</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_RightofuseAssetsMember_GrossCarryingAmountMember_OtherAssetsMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4164" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,846</ix:nonFraction> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember_OtherAssetsMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag4121" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember_OtherAssetsMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag4174" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember_OtherAssetsMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag3944" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember_OtherAssetsMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag4005" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_RightofuseAssetsMember_GrossCarryingAmountMember_OtherAssetsMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3938" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,846</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_RightofuseAssetsMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4052" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,283,862</ix:nonFraction> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag4168" decimals="-3" scale="3" format="ixt:num-dot-decimal">504,297</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag3997" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">216,441</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag4043" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_GrossCarryingAmountMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3064" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_RightofuseAssetsMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3932" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,571,718</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated amortization: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Real estate </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20211231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_RealEstatePropertyMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3935" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">489,470</ix:nonFraction> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_RealEstatePropertyMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag3927" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_RealEstatePropertyMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag4078" decimals="-3" scale="3" format="ixt:num-dot-decimal">79,003</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_RealEstatePropertyMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag4079" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,311</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_RealEstatePropertyMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3961" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">218,910</ix:nonFraction> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_RealEstatePropertyMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4072" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">634,688</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Port areas </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20211231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_PortAreasMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4176" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">23,526</ix:nonFraction> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_PortAreasMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag3888" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_PortAreasMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag4130" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_PortAreasMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag3893" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_PortAreasMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3891" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">13,247</ix:nonFraction> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_PortAreasMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4013" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">36,773</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20211231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_VehiclesMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4134" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">98,867</ix:nonFraction> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_VehiclesMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag3881" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_VehiclesMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag3819" decimals="-3" scale="3" format="ixt:num-dot-decimal">66,554</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_VehiclesMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag4177" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_VehiclesMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3939" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">51,589</ix:nonFraction> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_VehiclesMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4152" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">83,902</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Equipment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20211231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_MachineryMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3983" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,834</ix:nonFraction> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_MachineryMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag4140" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_MachineryMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag4188" decimals="-3" scale="3" format="ixt:num-dot-decimal">399</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_MachineryMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag4085" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_MachineryMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3880" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,415</ix:nonFraction> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_MachineryMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4028" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,850</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20211231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_OtherAssetsMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3926" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">18,870</ix:nonFraction> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_OtherAssetsMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag3994" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_OtherAssetsMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag4096" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_OtherAssetsMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag3024" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_OtherAssetsMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag4050" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,258</ix:nonFraction> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember_OtherAssetsMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3968" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">22,128</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20211231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3870" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">632,567</ix:nonFraction> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag596" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag3979" decimals="-3" scale="3" format="ixt:num-dot-decimal">145,956</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag4051" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,311</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag4038" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">288,419</ix:nonFraction> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_RightofuseAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3883" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">780,341</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net amount </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_RightofuseAssetsMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3965" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,651,295</ix:nonFraction> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_RightofuseAssetsMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="BRL" id="Tag4157" decimals="-3" scale="3" format="ixt:num-dot-decimal">504,297</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_RightofuseAssetsMember" name="ugp:WriteOffsOfRightOfUseAssets" unitRef="BRL" id="Tag3908" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">70,485</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_RightofuseAssetsMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag3905" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,311</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_RightofuseAssetsMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3993" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">288,419</ix:nonFraction> </span></p> </td>
<td colspan="2" style="padding: 0px 0px 1.5px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_RightofuseAssetsMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag4056" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,791,377</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; line-height: 1.2;"><br/></p> </div>
<div style="line-height: 1.2; margin: 0pt 0pt 0pt; text-indent: 0pt;">
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td style="width: 3%;">(i)</td>
<td style="width: 97%;"><span><ix:footnote xml:lang="en-US" id="footnote9" footnoteRole="http://www.xbrl.org/2003/role/footnote">Refers to R$ <ix:nonFraction contextRef="D20221231_RightofuseAssetsMember" name="ugp:IncreaseDecreaseThroughTransferOfRightOfUseAsset" unitRef="BRL" id="Tag3958" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,311</ix:nonFraction> transferred to property, plant and equipment.</ix:footnote></span></td> </tr> </tbody> </table> </div> </ix:nonNumeric> </div>
<div style="line-height: 1.2;">
<div>
<p style="margin:0pt"><br/></p>
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-41</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<table xmlns="http://www.w3.org/1999/xhtml" style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, 2023 and 2022</span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table>
<p xmlns="http://www.w3.org/1999/xhtml" style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><br/></p> </ix:exclude> </div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-style: italic;"><span style="font-weight: bold;">b. <span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Leases payable</span></span></span></p> </div>
<div style="line-height: 1.2;">
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfAdditionalInformationAboutLeasingActivitiesForLesseeExplanatory" id="Tag5906" escape="true">
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The changes in leases payable are shown below:</span></p>
<div style="border-left: none; border-right: none;">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 354px;" width="100%">
<tbody>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 89%; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt; font-weight: bold;"> Balance as of December 31, 2021 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 10%; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20211231" name="ifrs-full:LeaseLiabilities" unitRef="BRL" id="Tag3892" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,348,311</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1%; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest accrued </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:InterestExpenseOnLeaseLiabilities" unitRef="BRL" id="Tag3987" decimals="-3" scale="3" format="ixt:num-dot-decimal">128,069</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Payments of leases </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" unitRef="BRL" id="Tag3963" decimals="-3" scale="3" format="ixt:num-dot-decimal">351,011</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Interest payment</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; text-align: right; height: 16px;">(<ix:nonFraction contextRef="D20221231" name="ugp:InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities" unitRef="BRL" id="Tag4011" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,868</ix:nonFraction></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions and remeasurement </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ugp:AdditionsAndRemeasurementOfLeaseLiability" unitRef="BRL" id="Tag3910" decimals="-3" scale="3" format="ixt:num-dot-decimal">482,439</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ugp:WriteOffsOfLeaseLiabilities" unitRef="BRL" id="Tag3898" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">77,171</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20221231" name="ifrs-full:LeaseLiabilities" unitRef="BRL" id="Tag3915" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,523,769</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest accrued </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:InterestExpenseOnLeaseLiabilities" unitRef="BRL" id="Tag3941" decimals="-3" scale="3" format="ixt:num-dot-decimal">143,005</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Payments of leases </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" unitRef="BRL" id="Tag4065" decimals="-3" scale="3" format="ixt:num-dot-decimal">213,527</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities" unitRef="BRL" id="Tag4068" decimals="-3" scale="3" format="ixt:num-dot-decimal">145,586</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions and remeasurement </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:AdditionsAndRemeasurementOfLeaseLiability" unitRef="BRL" id="Tag4178" decimals="-3" scale="3" format="ixt:num-dot-decimal">257,201</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:WriteOffsOfLeaseLiabilities" unitRef="BRL" id="Tag3947" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">71,569</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Acquisition of subsidiary </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:IncreaseDecreaseInBorrowingsThroughAcquisitionOfSubsidiary" unitRef="BRL" id="Tag3913" decimals="-3" scale="3" format="ixt:num-dot-decimal">30,641</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:LeaseLiabilities" unitRef="BRL" id="Tag4024" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,523,934</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest accrued </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:InterestExpenseOnLeaseLiabilities" unitRef="BRL" id="Tag3360" decimals="-3" scale="3" format="ixt:num-dot-decimal">133,767</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Payments of leases </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" unitRef="BRL" id="Tag4192" decimals="-3" scale="3" format="ixt:num-dot-decimal">285,404</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ugp:InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities" unitRef="BRL" id="Tag4115" decimals="-3" scale="3" format="ixt:num-dot-decimal">148,084</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions and remeasurement </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:AdditionsAndRemeasurementOfLeaseLiability" unitRef="BRL" id="Tag4159" decimals="-3" scale="3" format="ixt:num-dot-decimal">342,332</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:WriteOffsOfLeaseLiabilities" unitRef="BRL" id="Tag3912" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">81,393</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:LeaseLiabilities" unitRef="BRL" id="Tag4185" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,485,152</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:CurrentLeaseLiabilities" unitRef="BRL" id="Tag4049" decimals="-3" scale="3" format="ixt:num-dot-decimal">316,460</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:NoncurrentLeaseLiabilities" unitRef="BRL" id="Tag3216" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,168,692</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr> </tbody> </table> </div> </ix:nonNumeric>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory" id="Tag5905" escape="true">
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The undiscounted future cash outflows are presented below:</span></p>
<div id="t_ft_LNGJWMEYGW00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="height: 129px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 77%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Up to <span style="border-left: none; border-right: none;">1</span> year </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_NotLaterThanOneYearMember_3" name="ugp:UndiscountedOperatingLeasePaymentsToBePaid" unitRef="BRL" id="Tag3966" decimals="-3" scale="3" format="ixt:num-dot-decimal">355,336</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_NotLaterThanOneYearMember" name="ugp:UndiscountedOperatingLeasePaymentsToBePaid" unitRef="BRL" id="Tag4073" decimals="-3" scale="3" format="ixt:num-dot-decimal">418,450</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span style="border-left: none; border-right: none;">1</span> to <span style="border-left: none; border-right: none;">2</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanOneYearAndNotLaterThanTwoYearsMember_3" name="ugp:UndiscountedOperatingLeasePaymentsToBePaid" unitRef="BRL" id="Tag4109" decimals="-3" scale="3" format="ixt:num-dot-decimal">282,945</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LaterThanOneYearAndNotLaterThanTwoYearsMember_1" name="ugp:UndiscountedOperatingLeasePaymentsToBePaid" unitRef="BRL" id="Tag3911" decimals="-3" scale="3" format="ixt:num-dot-decimal">322,165</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span style="border-left: none; border-right: none;">2</span> to <span style="border-left: none; border-right: none;">3</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_3" name="ugp:UndiscountedOperatingLeasePaymentsToBePaid" unitRef="BRL" id="Tag4031" decimals="-3" scale="3" format="ixt:num-dot-decimal">240,984</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_1" name="ugp:UndiscountedOperatingLeasePaymentsToBePaid" unitRef="BRL" id="Tag3969" decimals="-3" scale="3" format="ixt:num-dot-decimal">227,785</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span style="border-left: none; border-right: none;">3</span> to <span style="border-left: none; border-right: none;">4</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanThreeYearsAndNotLaterThanFourYearsMember_3" name="ugp:UndiscountedOperatingLeasePaymentsToBePaid" unitRef="BRL" id="Tag4118" decimals="-3" scale="3" format="ixt:num-dot-decimal">188,002</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LaterThanThreeYearsAndNotLaterThanFourYearsMember_1" name="ugp:UndiscountedOperatingLeasePaymentsToBePaid" unitRef="BRL" id="Tag4203" decimals="-3" scale="3" format="ixt:num-dot-decimal">189,744</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span style="border-left: none; border-right: none;">4</span> to <span style="border-left: none; border-right: none;">5</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanFourYearsAndNotLaterThanFiveYearsMember_3" name="ugp:UndiscountedOperatingLeasePaymentsToBePaid" unitRef="BRL" id="Tag4119" decimals="-3" scale="3" format="ixt:num-dot-decimal">158,559</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LaterThanFourYearsAndNotLaterThanFiveYearsMember_1" name="ugp:UndiscountedOperatingLeasePaymentsToBePaid" unitRef="BRL" id="Tag4116" decimals="-3" scale="3" format="ixt:num-dot-decimal">147,977</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> More than <span style="border-left: none; border-right: none;">5</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanFiveYearsMember_1" name="ugp:UndiscountedOperatingLeasePaymentsToBePaid" unitRef="BRL" id="Tag3975" decimals="-3" scale="3" format="ixt:num-dot-decimal">891,997</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LaterThanFiveYearsMember_1" name="ugp:UndiscountedOperatingLeasePaymentsToBePaid" unitRef="BRL" id="Tag4167" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,003,655</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:UndiscountedOperatingLeasePaymentsToBePaid" unitRef="BRL" id="Tag4010" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,117,823</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:UndiscountedOperatingLeasePaymentsToBePaid" unitRef="BRL" id="Tag4128" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,309,776</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"/> </tr> </tbody> </table> </div> </ix:nonNumeric>
<p style="margin: 10pt 0pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><span style="line-height: inherit;">The contracts </span><span style="line-height: inherit;">of </span><span style="line-height: inherit;">leases payable are substantially indexed by the IGP-M. </span></span></p>
<p style="margin: 0pt; line-height: 1.2;"><br/></p>
<div>
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-42</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<table xmlns="http://www.w3.org/1999/xhtml" style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
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<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, 2023 and 2022</span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table>
<p xmlns="http://www.w3.org/1999/xhtml" style="margin: 0pt; line-height: 1.2;"><br/></p> </ix:exclude> </div>
<p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b.<span>1</span>. Discount rates</span></p>
<ix:nonNumeric contextRef="D20241231" name="ugp:DisclosureOfMaturityAnalysisOfWeightedAverageDiscountRatesForLeasePayableTableTextBlock" id="Tag5391" escape="true">
<p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The weighted nominal average discount rates for the lease contracts of the Company are:</span></p>
<div id="t_ft_1MNM9DDXS000000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 90px; width: 100.045%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Contracts by maturity date and discount rate </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Maturity dates of the contracts </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Rate (% p.a.) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 89%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> From <span style="border-left: none; border-right: none;">1</span> to <span style="border-left: none; border-right: none;">5</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_NotLaterThanFiveYearsMember" name="ifrs-full:WeightedAverageLesseesIncrementalBorrowingRateAppliedToLeaseLiabilitiesRecognisedAtDateOfInitialApplicationOfIFRS16" unitRef="Pure" id="Tag3943" decimals="4" scale="-2" format="ixt:num-dot-decimal">10.56</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> From <span style="border-left: none; border-right: none;">6</span> to <span style="border-left: none; border-right: none;">10</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanFiveYearsAndNotLaterThanTenYearsMember" name="ifrs-full:WeightedAverageLesseesIncrementalBorrowingRateAppliedToLeaseLiabilitiesRecognisedAtDateOfInitialApplicationOfIFRS16" unitRef="Pure" id="Tag4094" decimals="4" scale="-2" format="ixt:num-dot-decimal">10.16</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> From <span style="border-left: none; border-right: none;">11</span> to <span style="border-left: none; border-right: none;">15</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanTenYearsAndNotLaterThanFifteenYearsMember" name="ifrs-full:WeightedAverageLesseesIncrementalBorrowingRateAppliedToLeaseLiabilitiesRecognisedAtDateOfInitialApplicationOfIFRS16" unitRef="Pure" id="Tag4172" decimals="4" scale="-2" format="ixt:num-dot-decimal">9.81</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> More than <span style="border-left: none; border-right: none;">15</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanFifteenYearsMember" name="ifrs-full:WeightedAverageLesseesIncrementalBorrowingRateAppliedToLeaseLiabilitiesRecognisedAtDateOfInitialApplicationOfIFRS16" unitRef="Pure" id="Tag3874" decimals="4" scale="-2" format="ixt:num-dot-decimal">9.68</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"/> </tr> </tbody> </table> </div> </ix:nonNumeric>
<p style="margin: 10pt 0pt; text-align: left; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="text-align: justify; font-style: italic; font-weight: bold; line-height: inherit;">c</span><span style="text-align: justify; font-style: italic; font-weight: bold; line-height: inherit;">. Lease contracts of leases of low-value assets and short-term leases</span></span></p> </div>
<div style="line-height: 1.2;">
<ix:nonNumeric contextRef="D20241231" name="ugp:DisclosureOfLeasesContractOfLowAssetValueExplanatoryTableTextBlock" id="Tag5381" escape="true">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 48px; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: left; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Up to <span>1</span> year </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Between <span>1</span> and <span>5</span> years </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: left; background-color: #cceeff; height: 16px; width: 65%;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_NotLaterThanOneYearMember_3" name="ugp:UndiscountedOperatingLeasePaymentsToBePaidForContractsOfLowAmountAssets" unitRef="BRL" id="Tag3878" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,022</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanOneYearAndNotLaterThanFiveYearsMember" name="ugp:UndiscountedOperatingLeasePaymentsToBePaidForContractsOfLowAmountAssets" unitRef="BRL" id="Tag3221" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,637</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:UndiscountedOperatingLeasePaymentsToBePaidForContractsOfLowAmountAssets" unitRef="BRL" id="Tag3853" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,659</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: left; height: 16px;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_NotLaterThanOneYearMember" name="ugp:UndiscountedOperatingLeasePaymentsToBePaidForContractsOfLowAmountAssets" unitRef="BRL" id="Tag4291" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,693</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LaterThanOneYearAndNotLaterThanFiveYearsMember" name="ugp:UndiscountedOperatingLeasePaymentsToBePaidForContractsOfLowAmountAssets" unitRef="BRL" id="Tag4106" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,872</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:UndiscountedOperatingLeasePaymentsToBePaidForContractsOfLowAmountAssets" unitRef="BRL" id="Tag3955" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,565</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> </ix:nonNumeric>
<p style="margin: 2pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p>
<p style="margin: 2pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The amount of leases considered as of low value, short term and variable payments, recognized as an expense for the year ended December 31, 2024 was R$ <ix:nonFraction contextRef="D20241231" name="ifrs-full:ExpenseRelatingToLeasesOfLowvalueAssetsForWhichRecognitionExemptionHasBeenUsed" unitRef="BRL" id="Tag3877" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,850</ix:nonFraction> (R$ <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ExpenseRelatingToLeasesOfLowvalueAssetsForWhichRecognitionExemptionHasBeenUsed" unitRef="BRL" id="Tag4076" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,794</ix:nonFraction> for the year ended December 31, 2023</span><span style="line-height: inherit;"> and R$ </span><span style="line-height: inherit;"><ix:nonFraction contextRef="D20221231" name="ifrs-full:ExpenseRelatingToLeasesOfLowvalueAssetsForWhichRecognitionExemptionHasBeenUsed" unitRef="BRL" id="Tag4017" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,466</ix:nonFraction> for the year ended December 31,2022</span></span><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'times new roman', times; line-height: inherit;">).</span></span></span></p> </div> </ix:nonNumeric>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><br/></p> </div>
<div style="line-height: 1.2;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-43</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div> </div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div id="t_ft_8S88GE6AGG00000000000000000000b">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><br/></p>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory" id="Tag811" escape="true">
<div style="line-height: 1.2;">
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB13_1422025194822359" class="customBookmark"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">13. Property, plant, and equipment</span></a></div>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" id="Tag1186" escape="true">
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Property, plant and equipment items are measured at acquisition or construction cost, which also includes costs directly attributable to bringing the asset to operating conditions, including borrowing costs on qualifying assets and non-recoverable taxes, as well as, when applicable, the estimated costs of dismantling and removing property, plant and equipment and restoring the site where the asset is located, less accumulated depreciation and impairment losses. The borrowing costs related to funds raised for construction in progress shall be capitalized until the completion of these projects.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Depreciation is calculated using the straight-line method, taking into consideration the estimated useful lives of the assets, which are reviewed annually. Leasehold improvements are depreciated over the shorter of the contract term and the useful life of the asset.</span></p> </ix:nonNumeric>
<p style="margin: 0pt;"><br/></p>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" id="Tag812" escape="true">
<div style="line-height: 1.2;">
<div id="t_ft_8L510IVIHC00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 99.8645%; text-indent: 0px; height: 440px;" width="100%">
<tbody>
<tr style="height: 32px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 29.0295%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 32px; width: 7.97227%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average useful life (years) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 7.97227%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 1.03986%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 7.97227%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 1.03986%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 7.97227%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Depreciation </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 1.03986%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 7.97227%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Transfers (i) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 1.03986%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 7.97227%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 1.03986%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 7.97227%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Acquisition of subsidiaries (ii) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 1.03986%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 7.97227%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 1.03986%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 29.0295%; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.97227%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 7.97227%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1.03986%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 7.97227%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1.03986%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 7.97227%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1.03986%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 7.97227%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1.03986%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 7.97227%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1.03986%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 7.97227%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1.03986%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 7.97227%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1.03986%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Land </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LandMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3631" decimals="-3" scale="3" format="ixt:num-dot-decimal">607,152</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_LandMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3728" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,968</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_LandMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5647" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_LandMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5695" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,073</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_LandMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5831" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,569</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_LandMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3664" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LandMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3764" decimals="-3" scale="3" format="ixt:num-dot-decimal">609,624</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Buildings </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_BuildingsMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag5556" format="ixt-sec:duryear">31</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_BuildingsMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5590" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,646,996</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_BuildingsMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5576" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,904</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_BuildingsMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5520" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_BuildingsMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5893" decimals="-3" scale="3" format="ixt:num-dot-decimal">149,065</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_BuildingsMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5902" decimals="-3" scale="3" format="ixt:num-dot-decimal">61,770</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_BuildingsMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5649" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,902</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_BuildingsMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5495" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,745,097</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leasehold improvements </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_LeaseholdImprovementsMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag5657" format="ixt-sec:duryear">15</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LeaseholdImprovementsMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5685" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,292,998</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_LeaseholdImprovementsMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5643" decimals="-3" scale="3" format="ixt:num-dot-decimal">37,867</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_LeaseholdImprovementsMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5475" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_LeaseholdImprovementsMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5715" decimals="-3" scale="3" format="ixt:num-dot-decimal">99,777</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_LeaseholdImprovementsMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3724" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,300</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_LeaseholdImprovementsMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3706" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LeaseholdImprovementsMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag796" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,415,342</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Machinery and equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag5570" format="ixt-sec:duryear">11</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5635" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,530,184</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3574" decimals="-3" scale="3" format="ixt:num-dot-decimal">143,782</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5645" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5621" decimals="-3" scale="3" format="ixt:num-dot-decimal">99,603</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5518" decimals="-3" scale="3" format="ixt:num-dot-decimal">16,382</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5701" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,183</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5550" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,758,370</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Automotive fuel/lubricant distribution equipment and facilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag5892" format="ixt-sec:duryear">14</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5445" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,361,637</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3711" decimals="-3" scale="3" format="ixt:num-dot-decimal">80,317</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5480" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208; </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag3666" decimals="-3" scale="3" format="ixt:num-dot-decimal">70,966</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3702" decimals="-3" scale="3" format="ixt:num-dot-decimal">327,319</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5731" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,825</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5535" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,199,426</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> LPG tanks and bottles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_LPGTanksAndBottlesMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag3595" format="ixt-sec:duryear">8</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LPGTanksAndBottlesMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5481" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,006,398</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_LPGTanksAndBottlesMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3693" decimals="-3" scale="3" format="ixt:num-dot-decimal">116,503</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_LPGTanksAndBottlesMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3621" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_LPGTanksAndBottlesMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5459" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_LPGTanksAndBottlesMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5469" decimals="-3" scale="3" format="ixt:num-dot-decimal">37,114</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_LPGTanksAndBottlesMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5670" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LPGTanksAndBottlesMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5803" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,085,787</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag3653" format="ixt-sec:duryear">8</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5564" decimals="-3" scale="3" format="ixt:num-dot-decimal">371,434</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5640" decimals="-3" scale="3" format="ixt:num-dot-decimal">111,735</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3731" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5729" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">29,884</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3713" decimals="-3" scale="3" format="ixt:num-dot-decimal">62,657</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag783" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,257</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5461" decimals="-3" scale="3" format="ixt:num-dot-decimal">395,885</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Furniture and fixtures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_FixturesAndFittingsMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag5449" format="ixt-sec:duryear">8</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FixturesAndFittingsMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3589" decimals="-3" scale="3" format="ixt:num-dot-decimal">212,640</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_FixturesAndFittingsMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag4339" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,649</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_FixturesAndFittingsMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3634" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_FixturesAndFittingsMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag804" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">154</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_FixturesAndFittingsMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5804" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,965</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_FixturesAndFittingsMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5684" decimals="-3" scale="3" format="ixt:num-dot-decimal">402</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FixturesAndFittingsMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5593" decimals="-3" scale="3" format="ixt:num-dot-decimal">221,572</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IT equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_ITEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag3712" format="ixt-sec:duryear">5</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_ITEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5677" decimals="-3" scale="3" format="ixt:num-dot-decimal">318,721</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_ITEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5702" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,259</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_ITEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5694" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_ITEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag3622" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,950</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_ITEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag4338" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,780</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_ITEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5500" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_ITEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3617" decimals="-3" scale="3" format="ixt:num-dot-decimal">321,250</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Construction in progress </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_ConstructionInProgressMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3758" decimals="-3" scale="3" format="ixt:num-dot-decimal">783,496</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_ConstructionInProgressMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5596" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,022,967</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_ConstructionInProgressMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3700" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_ConstructionInProgressMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5494" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">455,740</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_ConstructionInProgressMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5575" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,831</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_ConstructionInProgressMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3727" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_ConstructionInProgressMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3717" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,347,892</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Advances to suppliers </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_AdvancesToSuppliersMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5553" decimals="-3" scale="3" format="ixt:num-dot-decimal">32,557</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_AdvancesToSuppliersMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5732" decimals="-3" scale="3" format="ixt:num-dot-decimal">19,834</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_AdvancesToSuppliersMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3583" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_AdvancesToSuppliersMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag3576" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,558</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_AdvancesToSuppliersMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5617" decimals="-3" scale="3" format="ixt:num-dot-decimal">867</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_AdvancesToSuppliersMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5586" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_AdvancesToSuppliersMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3629" decimals="-3" scale="3" format="ixt:num-dot-decimal">44,966</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Imports in progress </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_ImportsInProgressMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5672" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,107</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_ImportsInProgressMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5507" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,127</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_ImportsInProgressMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag797" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_ImportsInProgressMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5644" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,106</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_ImportsInProgressMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5541" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_ImportsInProgressMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5634" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_ImportsInProgressMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5692" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,128</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 29.0295%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3610" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,167,320</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5606" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,582,912</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3647" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208; </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5581" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">76,908</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag1051" decimals="-3" scale="3" format="ixt:num-dot-decimal">547,554</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3607" decimals="-3" scale="3" format="ixt:num-dot-decimal">22,569</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5679" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,148,339</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 29.0295%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated depreciation: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Buildings </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_BuildingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3689" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">536,518</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_BuildingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3648" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_BuildingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5568" decimals="-3" scale="3" format="ixt:num-dot-decimal">54,110</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_BuildingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5529" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,126</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_BuildingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5549" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">28,014</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_BuildingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5705" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">134</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_BuildingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3591" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">558,622</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leasehold improvements </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_LeaseholdImprovementsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3740" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">683,187</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_LeaseholdImprovementsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag798" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_LeaseholdImprovementsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5499" decimals="-3" scale="3" format="ixt:num-dot-decimal">75,957</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_LeaseholdImprovementsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag4335" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,798</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_LeaseholdImprovementsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3762" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">8,430</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_LeaseholdImprovementsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5516" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_LeaseholdImprovementsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5896" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">748,916</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Machinery and equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_MachineryMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5727" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,147,842</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_MachineryMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3637" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_MachineryMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3600" decimals="-3" scale="3" format="ixt:num-dot-decimal">208,103</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_MachineryMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5601" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,776</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_MachineryMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5483" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,612</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_MachineryMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3665" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">405</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_MachineryMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5666" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,347,962</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Automotive fuel/lubricant distribution equipment and facilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5623" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,238,843</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5610" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5879" decimals="-3" scale="3" format="ixt:num-dot-decimal">164,248</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag3692" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7,870</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5707" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">289,359</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5894" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,082</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5654" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,122,684</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> LPG tanks and bottles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_LPGTanksAndBottlesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5651" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">605,298</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_LPGTanksAndBottlesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5534" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_LPGTanksAndBottlesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5882" decimals="-3" scale="3" format="ixt:num-dot-decimal">92,219</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_LPGTanksAndBottlesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag3603" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_LPGTanksAndBottlesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3587" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">27,449</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_LPGTanksAndBottlesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5467" decimals="-3" scale="3" format="ixt:fixed-zero">- </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_LPGTanksAndBottlesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3659" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">670,068</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_VehiclesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3722" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">181,511</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_VehiclesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3633" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_VehiclesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3738" decimals="-3" scale="3" format="ixt:num-dot-decimal">35,066</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_VehiclesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag795" decimals="-3" scale="3" format="ixt:num-dot-decimal">35,776</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_VehiclesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5380" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">26,792</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_VehiclesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3596" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">613</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_VehiclesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5660" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">154,622</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Furniture and fixtures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_FixturesAndFittingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3710" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">130,117</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_FixturesAndFittingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3579" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_FixturesAndFittingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5509" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,718</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_FixturesAndFittingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5447" decimals="-3" scale="3" format="ixt:num-dot-decimal">642</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_FixturesAndFittingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3611" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,784</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_FixturesAndFittingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5577" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">84</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_FixturesAndFittingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5889" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">142,493</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IT equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_ITEquipmentMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5813" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">254,952</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_ITEquipmentMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3766" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_ITEquipmentMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5533" decimals="-3" scale="3" format="ixt:num-dot-decimal">22,246</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_ITEquipmentMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag3721" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,136</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_ITEquipmentMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3708" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,387</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_ITEquipmentMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3675" decimals="-3" scale="3" format="ixt:fixed-zero">- </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_ITEquipmentMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag786" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">265,675</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 29.0295%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5612" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,778,268</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3715" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3584" decimals="-3" scale="3" format="ixt:num-dot-decimal">667,667</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5720" decimals="-3" scale="3" format="ixt:num-dot-decimal">44,384</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3749" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">392,827</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5566" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,318</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5659" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7,011,042</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for impairment losses </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_AccumulatedImpairmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag802" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,471</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_AccumulatedImpairmentMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag4334" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">21</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_AccumulatedImpairmentMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3714" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_AccumulatedImpairmentMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5513" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_AccumulatedImpairmentMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5632" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">161</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_AccumulatedImpairmentMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5833" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208; </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_AccumulatedImpairmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3718" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,331</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net amount </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3628" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,387,581</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5683" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,582,891</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag790" decimals="-3" scale="3" format="ixt:num-dot-decimal">667,667</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag3733" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">32,524</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag789" decimals="-3" scale="3" format="ixt:num-dot-decimal">154,566</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5476" decimals="-3" scale="3" format="ixt:num-dot-decimal">20,251</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3761" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,135,966</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(i) <span><ix:footnote xml:lang="en-US" id="footnote65" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none;">The remaining balance refers to R$ <ix:nonFraction contextRef="D20241231_RightofuseAssetsMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5479" decimals="-3" scale="3" format="ixt:num-dot-decimal">22,348</ix:nonFraction> transferred to right-of-use assets and R$ <ix:nonFraction contextRef="D20241231_IntangibleAssetsOtherThanGoodwillMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag3704" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,176</ix:nonFraction> transferred to intangible assets.</span></ix:footnote></span></span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">(ii) <span><ix:footnote xml:lang="en-US" id="footnote64" footnoteRole="http://www.xbrl.org/2003/role/footnote">For further information, see Note 27.</ix:footnote></span></span></span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><br/></p>
<div>
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml">
<div id="t_ft_ZXDEE5OEM800000000000000000000b">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-44</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p xmlns="http://www.w3.org/1999/xhtml" style="margin:0pt"><br/></p>
<div xmlns="http://www.w3.org/1999/xhtml" id="t_ft_6FM9KDM5TS00000000000000000000b">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div>
<p xmlns="http://www.w3.org/1999/xhtml" style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><br/></p> </ix:exclude> </div>
<div id="t_ft_NPNUUNKATC00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 99.8645%; text-indent: 0px; height: 439px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 28.9565%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average useful life (years) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.956522%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.956522%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Depreciation </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.956522%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Transfers (i)</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.956522%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.956522%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Acquisition of subsidiaries </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.956522%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Balance as </span><br/><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">of </span><br/><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 28.9565%; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8%; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 8%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 0.956522%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 8%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 0.956522%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 8%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 0.956522%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 8%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 0.956522%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 8%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 0.956522%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 8%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 0.956522%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 8%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1.04348%; background-color: #cceeff; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Land </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">- </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_LandMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3627" decimals="-3" scale="3" format="ixt:num-dot-decimal">619,116</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_LandMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5470" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,053</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_LandMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5881" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_LandMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag3626" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,316</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_LandMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5663" decimals="-3" scale="3" format="ixt:num-dot-decimal">16,369</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_LandMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag800" decimals="-3" scale="3" format="ixt:num-dot-decimal">36</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LandMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3677" decimals="-3" scale="3" format="ixt:num-dot-decimal">607,152</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Buildings </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_BuildingsMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag5463" format="ixt-sec:duryear">31</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_BuildingsMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5604" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,532,506</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_BuildingsMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5891" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,100</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_BuildingsMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag813" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_BuildingsMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5680" decimals="-3" scale="3" format="ixt:num-dot-decimal">198,398</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_BuildingsMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5628" decimals="-3" scale="3" format="ixt:num-dot-decimal">111,899</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_BuildingsMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3663" decimals="-3" scale="3" format="ixt:num-dot-decimal">891</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_BuildingsMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5526" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,646,996</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leasehold improvements </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_LeaseholdImprovementsMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag3609" format="ixt-sec:duryear">11</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_LeaseholdImprovementsMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5506" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,169,326</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_LeaseholdImprovementsMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5712" decimals="-3" scale="3" format="ixt:num-dot-decimal">30,348</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_LeaseholdImprovementsMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3695" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_LeaseholdImprovementsMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5724" decimals="-3" scale="3" format="ixt:num-dot-decimal">90,557</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_LeaseholdImprovementsMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5673" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,458</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_LeaseholdImprovementsMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3707" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,225</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LeaseholdImprovementsMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3605" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,292,998</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Machinery and equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag3597" format="ixt-sec:duryear">11</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3742" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,186,759</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3661" decimals="-3" scale="3" format="ixt:num-dot-decimal">111,726</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3768" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5472" decimals="-3" scale="3" format="ixt:num-dot-decimal">133,554</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3635" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,634</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5689" decimals="-3" scale="3" format="ixt:num-dot-decimal">112,779</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3649" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,530,184</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 28.9565%;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Automotive fuel/lubricant distribution equipment and facilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag3744" format="ixt-sec:duryear">13</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag793" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,213,123</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 0.956522%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag791" decimals="-3" scale="3" format="ixt:num-dot-decimal">86,714</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 0.956522%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5462" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 0.956522%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag3575" decimals="-3" scale="3" format="ixt:num-dot-decimal">143,010</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 0.956522%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3588" decimals="-3" scale="3" format="ixt:num-dot-decimal">92,744</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 0.956522%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5782" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,534</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 0.956522%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3604" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,361,637</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1.04348%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> LPG tanks and bottles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_LPGTanksAndBottlesMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag787" format="ixt-sec:duryear">8</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_LPGTanksAndBottlesMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3582" decimals="-3" scale="3" format="ixt:num-dot-decimal">920,287</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_LPGTanksAndBottlesMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5886" decimals="-3" scale="3" format="ixt:num-dot-decimal">129,567</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_LPGTanksAndBottlesMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5493" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_LPGTanksAndBottlesMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5661" decimals="-3" scale="3" format="ixt:num-dot-decimal">431</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_LPGTanksAndBottlesMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5717" decimals="-3" scale="3" format="ixt:num-dot-decimal">43,887</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_LPGTanksAndBottlesMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5642" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LPGTanksAndBottlesMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5569" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,006,398</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag5686" format="ixt-sec:duryear">8</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5676" decimals="-3" scale="3" format="ixt:num-dot-decimal">325,094</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5619" decimals="-3" scale="3" format="ixt:num-dot-decimal">24,661</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3743" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5478" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,351</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag792" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,473</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3827" decimals="-3" scale="3" format="ixt:num-dot-decimal">29,801</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5710" decimals="-3" scale="3" format="ixt:num-dot-decimal">371,434</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Furniture and fixtures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_FixturesAndFittingsMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag5572" format="ixt-sec:duryear">9</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_FixturesAndFittingsMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5559" decimals="-3" scale="3" format="ixt:num-dot-decimal">201,708</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_FixturesAndFittingsMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3636" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,326</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_FixturesAndFittingsMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3632" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_FixturesAndFittingsMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5573" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,649</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_FixturesAndFittingsMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag803" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,547</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_FixturesAndFittingsMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3593" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,504</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FixturesAndFittingsMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3701" decimals="-3" scale="3" format="ixt:num-dot-decimal">212,640</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IT equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_ITEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag5582" format="ixt-sec:duryear">5</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_ITEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5836" decimals="-3" scale="3" format="ixt:num-dot-decimal">303,023</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_ITEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5614" decimals="-3" scale="3" format="ixt:num-dot-decimal">19,787</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_ITEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag782" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_ITEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5498" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,516</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_ITEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5543" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,750</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_ITEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3674" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,145</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_ITEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5716" decimals="-3" scale="3" format="ixt:num-dot-decimal">318,721</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Construction in progress </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_ConstructionInProgressMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5674" decimals="-3" scale="3" format="ixt:num-dot-decimal">694,726</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_ConstructionInProgressMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag4336" decimals="-3" scale="3" format="ixt:num-dot-decimal">650,828</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_ConstructionInProgressMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5708" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_ConstructionInProgressMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5422" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">567,114</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_ConstructionInProgressMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5641" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_ConstructionInProgressMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5555" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,056</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_ConstructionInProgressMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5723" decimals="-3" scale="3" format="ixt:num-dot-decimal">783,496</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Advances to suppliers </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_AdvancesToSuppliersMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5633" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,139</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AdvancesToSuppliersMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3753" decimals="-3" scale="3" format="ixt:num-dot-decimal">20,501</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_AdvancesToSuppliersMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5706" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_AdvancesToSuppliersMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5571" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,263</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AdvancesToSuppliersMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5722" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AdvancesToSuppliersMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag785" decimals="-3" scale="3" format="ixt:num-dot-decimal">180</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_AdvancesToSuppliersMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5588" decimals="-3" scale="3" format="ixt:num-dot-decimal">32,557</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Imports in progress </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_ImportsInProgressMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3726" decimals="-3" scale="3" format="ixt:num-dot-decimal">902</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_ImportsInProgressMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5155" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,205</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_ImportsInProgressMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3614" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_ImportsInProgressMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5890" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_ImportsInProgressMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3669" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_ImportsInProgressMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag814" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,107</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 28.9565%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag856" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,184,709</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3683" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,116,816</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5682" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag3602" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,405</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5631" decimals="-3" scale="3" format="ixt:num-dot-decimal">316,761</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5508" decimals="-3" scale="3" format="ixt:num-dot-decimal">179,151</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5703" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,167,320</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 28.9565%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated depreciation: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Buildings </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_BuildingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3650" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">591,812</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_BuildingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3732" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_BuildingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5453" decimals="-3" scale="3" format="ixt:num-dot-decimal">46,187</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_BuildingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag4357" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_BuildingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5471" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">101,919</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_BuildingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3684" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">438</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_BuildingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5603" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">536,518</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leasehold improvements </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_LeaseholdImprovementsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5714" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">618,256</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_LeaseholdImprovementsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3624" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_LeaseholdImprovementsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5554" decimals="-3" scale="3" format="ixt:num-dot-decimal">71,139</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_LeaseholdImprovementsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag4340" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_LeaseholdImprovementsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5457" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">8,858</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_LeaseholdImprovementsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5823" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,650</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_LeaseholdImprovementsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5482" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">683,187</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Machinery and equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_MachineryMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5704" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,926,954</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_MachineryMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3639" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_MachineryMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5656" decimals="-3" scale="3" format="ixt:num-dot-decimal">194,666</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_MachineryMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag3734" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_MachineryMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3630" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">13,499</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_MachineryMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5458" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">39,721</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_MachineryMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5531" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,147,842</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;">)</td> </tr>
<tr style="height: 32px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 28.9565%;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Automotive fuel/lubricant distribution equipment and facilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag4343" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,113,657</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 0.956522%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5492" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 0.956522%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3580" decimals="-3" scale="3" format="ixt:num-dot-decimal">181,233</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 0.956522%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5718" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 0.956522%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3802" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">60,982</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 0.956522%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5616" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,935</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 0.956522%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5667" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,238,843</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 1.04348%;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> LPG tanks and bottles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_LPGTanksAndBottlesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5687" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">557,260</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_LPGTanksAndBottlesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5587" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;  </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_LPGTanksAndBottlesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3592" decimals="-3" scale="3" format="ixt:num-dot-decimal">83,777</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_LPGTanksAndBottlesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5521" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_LPGTanksAndBottlesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5884" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">35,739</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_LPGTanksAndBottlesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3606" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_LPGTanksAndBottlesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5538" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">605,298</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_VehiclesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3699" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">154,177</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_VehiclesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3577" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_VehiclesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5505" decimals="-3" scale="3" format="ixt:num-dot-decimal">29,483</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_VehiclesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag3586" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_VehiclesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5563" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,608</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_VehiclesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3735" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,459</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_VehiclesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5709" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">181,511</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Furniture and fixtures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_FixturesAndFittingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5565" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">118,438</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_FixturesAndFittingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3751" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;  </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_FixturesAndFittingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5452" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,032</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_FixturesAndFittingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5446" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,052</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_FixturesAndFittingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5583" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">699</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_FixturesAndFittingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5460" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">130,117</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IT equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_ITEquipmentMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3730" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">239,978</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_ITEquipmentMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5528" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;  </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_ITEquipmentMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5671" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,721</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_ITEquipmentMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5466" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">10,058</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_ITEquipmentMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5899" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,311</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_ITEquipmentMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3687" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">254,952</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 28.9565%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3657" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,320,532</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5609" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208; </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5490" decimals="-3" scale="3" format="ixt:num-dot-decimal">644,238</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5655" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5668" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">239,715</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5652" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">53,213</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5898" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,778,268</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.04348%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for impairment losses </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_AccumulatedImpairmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag4337" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,764</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_AccumulatedImpairmentMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3679" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">89</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_AccumulatedImpairmentMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3747" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_AccumulatedImpairmentMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag3716" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AccumulatedImpairmentMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5578" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">382</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AccumulatedImpairmentMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5599" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_AccumulatedImpairmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3594" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,471</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net amount </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3752" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,862,413</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3599" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,116,727</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5728" decimals="-3" scale="3" format="ixt:num-dot-decimal">644,238</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;"><span style="font-size: 10pt;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag3619" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,405</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3660" decimals="-3" scale="3" format="ixt:num-dot-decimal">76,664</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;"><span style="font-size: 10pt;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5897" decimals="-3" scale="3" format="ixt:num-dot-decimal">125,938</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3697" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,387,581</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><br/></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(i) <span><ix:footnote xml:lang="en-US" id="footnote8" footnoteRole="http://www.xbrl.org/2003/role/footnote">Refers to R$ <ix:nonFraction contextRef="D20231231_IntangibleAssetsOtherThanGoodwillMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5536" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,086</ix:nonFraction> transferred to intangible assets and R$ <ix:nonFraction contextRef="D20231231_RightofuseAssetsMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5688" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,491</ix:nonFraction> transferred from right-of-use assets.</ix:footnote></span></span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Construction in progress relates substantially to expansions, renovations, constructions and upgrade of the terminals&#8217; assets, service stations and distribution bases.</span></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Advances to suppliers are basically related to manufacturing of assets for expansion of terminals, distribution bases and acquisition of real estate.</span></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><br/></p>
<div>
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml">
<div id="t_ft_HCX4ADLNQO00000000000000000000b">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-45</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<p xmlns="http://www.w3.org/1999/xhtml" style="margin:0pt"><br/></p>
<div xmlns="http://www.w3.org/1999/xhtml" id="t_ft_9PQ1KMJ72O00000000000000000000b">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
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<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
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<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div>
<p xmlns="http://www.w3.org/1999/xhtml" style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><br/></p> </ix:exclude> </div>
<div id="t_ft_PA8ZA7ZW8000000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 99.8645%; height: 252px;" width="100%">
<tbody>
<tr style="height: 47px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average useful life (years) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2021 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Depreciation </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Transfers (i) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Acquisition of subsidiaries (see Note <span>27</span>) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 28%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 1%;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Land </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_LandMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3641" decimals="-3" scale="3" format="ixt:num-dot-decimal">610,294</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_LandMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3645" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LandMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5733" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_LandMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag3678" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,539</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_LandMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3705" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,717</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LandMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5454" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_LandMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3676" decimals="-3" scale="3" format="ixt:num-dot-decimal">619,116</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Buildings </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_BuildingsMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag5700" format="ixt-sec:duryear">32</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_BuildingsMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag4333" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,486,721</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_BuildingsMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5474" decimals="-3" scale="3" format="ixt:num-dot-decimal">20,020</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_BuildingsMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3723" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_BuildingsMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag3754" decimals="-3" scale="3" format="ixt:num-dot-decimal">73,744</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_BuildingsMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5611" decimals="-3" scale="3" format="ixt:num-dot-decimal">47,979</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_BuildingsMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5669" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_BuildingsMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5876" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,532,506</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leasehold improvements </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_LeaseholdImprovementsMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag3769" format="ixt-sec:duryear">13</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_LeaseholdImprovementsMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5624" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,056,179</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_LeaseholdImprovementsMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5515" decimals="-3" scale="3" format="ixt:num-dot-decimal">40,685</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LeaseholdImprovementsMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5646" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_LeaseholdImprovementsMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5834" decimals="-3" scale="3" format="ixt:num-dot-decimal">82,317</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_LeaseholdImprovementsMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5530" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,855</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LeaseholdImprovementsMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3755" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_LeaseholdImprovementsMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5608" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,169,326</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Machinery and equipment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag5487" format="ixt-sec:duryear">12</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3673" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,024,577</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5675" decimals="-3" scale="3" format="ixt:num-dot-decimal">99,477</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5888" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5664" decimals="-3" scale="3" format="ixt:num-dot-decimal">70,150</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5650" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,518</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5681" decimals="-3" scale="3" format="ixt:num-dot-decimal">73</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_MachineryMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5488" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,186,759</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Automotive fuel/lubricant distribution equipment and facilities </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag3763" format="ixt-sec:duryear">13</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5629" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,245,586</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3601" decimals="-3" scale="3" format="ixt:num-dot-decimal">96,208</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3703" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5424" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,680</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5605" decimals="-3" scale="3" format="ixt:num-dot-decimal">141,351</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3720" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5613" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,213,123</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> LPG tanks and bottles </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_LPGTanksAndBottlesMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag5591" format="ixt-sec:duryear">9</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_LPGTanksAndBottlesMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5653" decimals="-3" scale="3" format="ixt:num-dot-decimal">840,931</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_LPGTanksAndBottlesMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5511" decimals="-3" scale="3" format="ixt:num-dot-decimal">94,356</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LPGTanksAndBottlesMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5698" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LPGTanksAndBottlesMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag3608" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_LPGTanksAndBottlesMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3696" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LPGTanksAndBottlesMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3682" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_LPGTanksAndBottlesMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5713" decimals="-3" scale="3" format="ixt:num-dot-decimal">920,287</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag5551" format="ixt-sec:duryear">9</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag221" decimals="-3" scale="3" format="ixt:num-dot-decimal">288,239</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3767" decimals="-3" scale="3" format="ixt:num-dot-decimal">33,452</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5637" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5585" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,050</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5558" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,647</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5552" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_VehiclesMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5501" decimals="-3" scale="3" format="ixt:num-dot-decimal">325,094</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Furniture and fixtures </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_FixturesAndFittingsMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag3620" format="ixt-sec:duryear">9</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_FixturesAndFittingsMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3581" decimals="-3" scale="3" format="ixt:num-dot-decimal">168,092</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_FixturesAndFittingsMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5464" decimals="-3" scale="3" format="ixt:num-dot-decimal">34,905</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_FixturesAndFittingsMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5837" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_FixturesAndFittingsMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5512" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,140</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_FixturesAndFittingsMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3750" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,531</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_FixturesAndFittingsMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3686" decimals="-3" scale="3" format="ixt:num-dot-decimal">102</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_FixturesAndFittingsMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3625" decimals="-3" scale="3" format="ixt:num-dot-decimal">201,708</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IT equipment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_ITEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" id="Tag3685" format="ixt-sec:duryear">5</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_ITEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3719" decimals="-3" scale="3" format="ixt:num-dot-decimal">330,375</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ITEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag784" decimals="-3" scale="3" format="ixt:num-dot-decimal">24,069</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_ITEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3598" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ITEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag3765" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,053</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_ITEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5580" decimals="-3" scale="3" format="ixt:num-dot-decimal">53,863</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ITEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5537" decimals="-3" scale="3" format="ixt:num-dot-decimal">389</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_ITEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5595" decimals="-3" scale="3" format="ixt:num-dot-decimal">303,023</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Construction in progress </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_ConstructionInProgressMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5620" decimals="-3" scale="3" format="ixt:num-dot-decimal">452,248</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ConstructionInProgressMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3655" decimals="-3" scale="3" format="ixt:num-dot-decimal">482,043</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_ConstructionInProgressMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5832" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_ConstructionInProgressMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag3616" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">239,082</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_ConstructionInProgressMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3662" decimals="-3" scale="3" format="ixt:num-dot-decimal">483</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_ConstructionInProgressMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5491" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_ConstructionInProgressMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5895" decimals="-3" scale="3" format="ixt:num-dot-decimal">694,726</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Advances to suppliers </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_AdvancesToSuppliersMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3618" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,281</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_AdvancesToSuppliersMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5486" decimals="-3" scale="3" format="ixt:num-dot-decimal">35,887</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AdvancesToSuppliersMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5618" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_AdvancesToSuppliersMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5451" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">32,029</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AdvancesToSuppliersMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3672" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AdvancesToSuppliersMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5719" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_AdvancesToSuppliersMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3638" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,139</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Imports in progress </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_ImportsInProgressMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3613" decimals="-3" scale="3" format="ixt:num-dot-decimal">181</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ImportsInProgressMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5525" decimals="-3" scale="3" format="ixt:num-dot-decimal">902</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_ImportsInProgressMember_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5615" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_ImportsInProgressMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5485" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">181</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_ImportsInProgressMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3760" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_ImportsInProgressMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3709" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_ImportsInProgressMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3590" decimals="-3" scale="3" format="ixt:num-dot-decimal">902</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5489" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,517,704</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3642" decimals="-3" scale="3" format="ixt:num-dot-decimal">962,004</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3615" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5542" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,381</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5468" decimals="-3" scale="3" format="ixt:num-dot-decimal">301,944</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom"><span style="font-size: 10pt;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5662" decimals="-3" scale="3" format="ixt:num-dot-decimal">564</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5696" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,184,709</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><br/></p>
<div id="t_ft_G3B07BE3EO00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="height: 266px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 28%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated depreciation: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 9%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Buildings </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20211231_BuildingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5883" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">585,846</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_BuildingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5517" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_BuildingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3698" decimals="-3" scale="3" format="ixt:num-dot-decimal">42,195</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_BuildingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag3739" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_BuildingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag4342" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">36,229</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_BuildingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3680" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_BuildingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5648" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">591,812</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leasehold improvements </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20211231_LeaseholdImprovementsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5693" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">573,553</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LeaseholdImprovementsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5726" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_LeaseholdImprovementsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3741" decimals="-3" scale="3" format="ixt:num-dot-decimal">58,172</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_LeaseholdImprovementsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5730" decimals="-3" scale="3" format="ixt:num-dot-decimal">606</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_LeaseholdImprovementsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5544" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">12,863</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LeaseholdImprovementsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3644" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_LeaseholdImprovementsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5523" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">618,256</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Machinery and equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20211231_MachineryMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5545" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,758,401</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_MachineryMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5589" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_MachineryMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3691" decimals="-3" scale="3" format="ixt:num-dot-decimal">175,567</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_MachineryMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5560" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_MachineryMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5691" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7,024</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_MachineryMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3643" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">10</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_MachineryMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5658" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,926,954</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Automotive fuel/lubricant distribution equipment and facilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20211231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3756" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,050,533</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5699" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag799" decimals="-3" scale="3" format="ixt:num-dot-decimal">175,899</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag3757" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5522" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">112,778</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3736" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5546" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,113,657</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> LPG tanks and bottles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20211231_LPGTanksAndBottlesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5547" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">498,310</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LPGTanksAndBottlesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3667" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_LPGTanksAndBottlesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5540" decimals="-3" scale="3" format="ixt:num-dot-decimal">69,860</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LPGTanksAndBottlesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5630" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_LPGTanksAndBottlesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3656" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">10,910</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LPGTanksAndBottlesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5562" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_LPGTanksAndBottlesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3729" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">557,260</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20211231_VehiclesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5527" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">133,149</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_VehiclesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3737" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_VehiclesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5887" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,713</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_VehiclesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5532" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_VehiclesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5592" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,685</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_VehiclesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5567" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_VehiclesMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5584" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">154,177</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Furniture and fixtures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20211231_FixturesAndFittingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5473" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">112,288</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_FixturesAndFittingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5598" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_FixturesAndFittingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3654" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,496</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_FixturesAndFittingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag3688" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">603</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_FixturesAndFittingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5574" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,953</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_FixturesAndFittingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3681" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_FixturesAndFittingsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag788" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">118,438</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IT equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20211231_ITEquipmentMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag858" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">269,534</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_ITEquipmentMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5444" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_ITEquipmentMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3585" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,933</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ITEquipmentMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5539" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ITEquipmentMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3690" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">53,526</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_ITEquipmentMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5721" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">37</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_ITEquipmentMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3671" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">239,978</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20211231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3745" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,981,614</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5477" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction></span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3578" decimals="-3" scale="3" format="ixt:num-dot-decimal">580,835</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5678" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3668" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">241,968</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5503" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">51</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5504" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,320,532</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for impairment losses: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Land </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20211231_LandMember_AccumulatedImpairmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5880" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">146</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LandMember_AccumulatedImpairmentMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5455" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LandMember_AccumulatedImpairmentMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3725" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LandMember_AccumulatedImpairmentMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5711" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LandMember_AccumulatedImpairmentMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5697" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LandMember_AccumulatedImpairmentMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5594" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_LandMember_AccumulatedImpairmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3746" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">146</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leasehold improvements </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20211231_LeaseholdImprovementsMember_AccumulatedImpairmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5548" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">18</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_LeaseholdImprovementsMember_AccumulatedImpairmentMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5725" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">12</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LeaseholdImprovementsMember_AccumulatedImpairmentMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5900" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LeaseholdImprovementsMember_AccumulatedImpairmentMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag794" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LeaseholdImprovementsMember_AccumulatedImpairmentMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5514" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LeaseholdImprovementsMember_AccumulatedImpairmentMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5465" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_LeaseholdImprovementsMember_AccumulatedImpairmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5885" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">30</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Machinery and equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20211231_MachineryMember_AccumulatedImpairmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3623" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,289</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_MachineryMember_AccumulatedImpairmentMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5502" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">27</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_MachineryMember_AccumulatedImpairmentMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5597" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_MachineryMember_AccumulatedImpairmentMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5600" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_MachineryMember_AccumulatedImpairmentMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5665" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">250</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_MachineryMember_AccumulatedImpairmentMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5497" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_MachineryMember_AccumulatedImpairmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5456" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,566</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Automotive fuel/lubricant distribution equipment and facilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20211231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedImpairmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5496" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">46</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedImpairmentMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3748" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedImpairmentMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5484" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedImpairmentMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5602" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedImpairmentMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3670" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">24</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedImpairmentMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3658" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_AccumulatedImpairmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5607" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">22</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20211231_AccumulatedImpairmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5877" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,499</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_AccumulatedImpairmentMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5519" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">39</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedImpairmentMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag3694" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_AccumulatedImpairmentMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5901" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_AccumulatedImpairmentMember" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag5835" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">226</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedImpairmentMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3652" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_AccumulatedImpairmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3612" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,764</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag5448" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,534,591</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3651" decimals="-3" scale="3" format="ixt:num-dot-decimal">961,965</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="BRL" id="Tag5622" decimals="-3" scale="3" format="ixt:num-dot-decimal">580,835</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5510" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,381</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:DisposalsPropertyPlantAndEquipment" unitRef="BRL" id="Tag3759" decimals="-3" scale="3" format="ixt:num-dot-decimal">60,202</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="BRL" id="Tag801" decimals="-3" scale="3" format="ixt:num-dot-decimal">513</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3640" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,862,413</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">(i) <span><ix:footnote xml:lang="en-US" id="footnote63" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none;">Refers to R$ <ix:nonFraction contextRef="D20221231_IntangibleAssetsOtherThanGoodwillMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5561" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,070</ix:nonFraction> transferred from intangible assets and R$ <ix:nonFraction contextRef="D20221231_RightofuseAssetsMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag5557" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,311</ix:nonFraction> transferred from right-of-use assets.</span></ix:footnote></span></span></span></p> </div> </ix:nonNumeric> </div> </ix:nonNumeric>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-46</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div> </div><div id="Dkvme0nj66pjlu0wyz6ipoe" style="font-family: 'times new roman', times; font-size: 10pt;">
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<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><br/></td> </tr> </tbody> </table> </div>
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<div style="background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BSD_1_142202517832299" class="customBookmark"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">14. Intangible assets</span></a></div>
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<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Intangible assets include assets acquired by the Company and its subsidiaries from third parties, and are recognized according to the criteria below:</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><span style="line-height: inherit;">&#8226;</span><span style="line-height: inherit;"> </span><span style="line-height: inherit;">Goodwill is shown as intangible assets corresponding to the positive difference between the amount paid or payable to the seller and the fair value of the identifiable assets and liabilities assumed of the acquired entity. Goodwill is tested for impairment annually or more frequently when there is indication that the goodwill might be impaired. Goodwill is allocated to the</span><span style="line-height: inherit;"> cash generating units</span><span style="line-height: inherit;">, which represent the lowest level </span><span style="line-height: inherit;">at which</span><span style="line-height: inherit;"> goodwill is monitored for impairment testing purposes.</span></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><span style="line-height: inherit;">&#8226;</span><span style="line-height: inherit;"> </span><span style="line-height: inherit;">Other intangible assets acquired from third parties, such as software, technology, and commercial property rights, are measured at the amount paid on acquisition and amortizedusing the straight-line method, according to their useful lives, and are reviewed annually.</span></span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><span style="line-height: inherit;">&#8226;</span><span style="line-height: inherit;"> </span><span style="line-height: inherit;">The decarbonization credits (&#8220;CBIOS&#8221;) acquired are recorded at historical cost in intangible assets, being prescribed according to decree in the year to fulfill the individual target set by the National Agency of Petroleum, Natural Gas and Biofuels (&#8220;ANP&#8221;) and are not amortized. These assets are used to settle the annual decarbonization obligation adopted by Brazilian National Biofuels Policy (&#8220;RenovaBio&#8221;), implemented by Law No. <span>13,576</span>/<span>2017</span>, with additional regulations established by Decree No. <span>9,888</span>/<span>2019</span> and Ordinance No. <span>419</span> of November 20, 2019 issued by the Brazilian Ministry of Mines and Energy. The obligation is recorded under a specific line item of the statement of financial position and is measured according to the target established by the ANP, through the average acquisition cost of credits acquired or the fair value of credits traded on B<span>3</span> on the closing date for the credits to be acquired.</span></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries have goodwill and brands acquired in business combinations, which are evaluated as intangible assets with indefinite useful life.</span></p> </ix:nonNumeric> </div>
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<tr style="height: 48px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average useful life (years) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Amortization </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Transfers (i) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Foreign exchange variations </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Acquisition of subsidiaries (ii) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 3px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 23%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill (a) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_GrossCarryingAmountMember_GoodwillMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2667" decimals="-3" scale="3" format="ixt:num-dot-decimal">943,125</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_GoodwillMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2686" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_GoodwillMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag3247" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_GoodwillMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2583" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">115</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_GoodwillMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2936" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_GoodwillMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3225" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_GoodwillMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag4341" decimals="-3" scale="3" format="ixt:num-dot-decimal">39,349</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_GrossCarryingAmountMember_GoodwillMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2882" decimals="-3" scale="3" format="ixt:num-dot-decimal">982,359</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Software (b) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_GrossCarryingAmountMember_ComputerSoftwareMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" id="Tag2641" format="ixt-sec:duryear">5</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_GrossCarryingAmountMember_ComputerSoftwareMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag5910" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,503,601</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_ComputerSoftwareMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2919" decimals="-3" scale="3" format="ixt:num-dot-decimal">226,098</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_ComputerSoftwareMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2760" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_ComputerSoftwareMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3126" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">18,475</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_ComputerSoftwareMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2928" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,969</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_ComputerSoftwareMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2697" decimals="-3" scale="3" format="ixt:num-dot-decimal">108</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_ComputerSoftwareMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2750" decimals="-3" scale="3" format="ixt:num-dot-decimal">282</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_GrossCarryingAmountMember_ComputerSoftwareMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2878" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,707,645</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Distribution rights </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_GrossCarryingAmountMember_DistributionRightsAssetMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" id="Tag2895" format="ixt-sec:duryear">14</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_GrossCarryingAmountMember_DistributionRightsAssetMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2974" decimals="-3" scale="3" format="ixt:num-dot-decimal">155,174</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_DistributionRightsAssetMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2891" decimals="-3" scale="3" format="ixt:num-dot-decimal">20,101</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_DistributionRightsAssetMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2975" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_DistributionRightsAssetMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2922" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,412</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_DistributionRightsAssetMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2688" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_DistributionRightsAssetMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3349" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_DistributionRightsAssetMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2698" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_GrossCarryingAmountMember_DistributionRightsAssetMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2557" decimals="-3" scale="3" format="ixt:num-dot-decimal">176,687</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Brands (c) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_GrossCarryingAmountMember_BrandNamesMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2615" decimals="-3" scale="3" format="ixt:num-dot-decimal">62,303</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_BrandNamesMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag3378" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_BrandNamesMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2786" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_BrandNamesMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2829" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">948</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_BrandNamesMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2827" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_BrandNamesMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2823" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_BrandNamesMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2624" decimals="-3" scale="3" format="ixt:num-dot-decimal">11</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_GrossCarryingAmountMember_BrandNamesMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2927" decimals="-3" scale="3" format="ixt:num-dot-decimal">61,366</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trademark rights (c) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_GrossCarryingAmountMember_TrademarkRightsMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" id="Tag2663" format="ixt-sec:duryear">30</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_GrossCarryingAmountMember_TrademarkRightsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3299" decimals="-3" scale="3" format="ixt:num-dot-decimal">120,960</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_TrademarkRightsMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2950" decimals="-3" scale="3" format="ixt:num-dot-decimal">41</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_TrademarkRightsMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag3128" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_TrademarkRightsMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2821" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_TrademarkRightsMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2898" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_TrademarkRightsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag5638" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_TrademarkRightsMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2872" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_GrossCarryingAmountMember_TrademarkRightsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3321" decimals="-3" scale="3" format="ixt:num-dot-decimal">121,001</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_GrossCarryingAmountMember_OtherIntangibleAssetsMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" id="Tag2947" format="ixt-sec:duryear">3</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_GrossCarryingAmountMember_OtherIntangibleAssetsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2973" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,127</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_OtherIntangibleAssetsMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag15" decimals="-3" scale="3" format="ixt:num-dot-decimal">224</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_OtherIntangibleAssetsMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2621" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_OtherIntangibleAssetsMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2763" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,211</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_OtherIntangibleAssetsMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag16" decimals="-3" scale="3" format="ixt:num-dot-decimal">529</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_OtherIntangibleAssetsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3127" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_OtherIntangibleAssetsMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2969" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_GrossCarryingAmountMember_OtherIntangibleAssetsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2831" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,611</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px 0px 0px 15px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Decarbonization credits (CBIO) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_GrossCarryingAmountMember_DecarbonizationCreditsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2695" decimals="-3" scale="3" format="ixt:num-dot-decimal">710,710</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_DecarbonizationCreditsMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2914" decimals="-3" scale="3" format="ixt:num-dot-decimal">713,453</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_DecarbonizationCreditsMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2960" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_DecarbonizationCreditsMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3124" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">389</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_DecarbonizationCreditsMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2825" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,423,452</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_DecarbonizationCreditsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag967" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember_DecarbonizationCreditsMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3121" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_GrossCarryingAmountMember_DecarbonizationCreditsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2802" decimals="-3" scale="3" format="ixt:num-dot-decimal">322</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_GrossCarryingAmountMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag5627" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,511,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2818" decimals="-3" scale="3" format="ixt:num-dot-decimal">959,917</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2933" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2693" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">22,726</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2980" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,427,950</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2640" decimals="-3" scale="3" format="ixt:num-dot-decimal">108</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2623" decimals="-3" scale="3" format="ixt:num-dot-decimal">39,642</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_GrossCarryingAmountMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2892" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,059,991</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 3px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated amortization: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Software </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_AccumulatedDepreciationAndAmortisationMember_ComputerSoftwareMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2889" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">826,773</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_ComputerSoftwareMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag4332" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_ComputerSoftwareMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2594" decimals="-3" scale="3" format="ixt:num-dot-decimal">222,487</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_ComputerSoftwareMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2766" decimals="-3" scale="3" format="ixt:num-dot-decimal">32,886</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_ComputerSoftwareMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2681" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,756</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_ComputerSoftwareMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3377" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_ComputerSoftwareMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2924" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_AccumulatedDepreciationAndAmortisationMember_ComputerSoftwareMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2787" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,013,618</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Distribution rights </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_AccumulatedDepreciationAndAmortisationMember_DistributionRightsAssetMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2588" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">106,145</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DistributionRightsAssetMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2616" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_DistributionRightsAssetMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2785" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,860</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DistributionRightsAssetMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2847" decimals="-3" scale="3" format="ixt:num-dot-decimal">16</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DistributionRightsAssetMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2881" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">170</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DistributionRightsAssetMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2907" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DistributionRightsAssetMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3350" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_AccumulatedDepreciationAndAmortisationMember_DistributionRightsAssetMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2929" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">110,819</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trademark rights </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_AccumulatedDepreciationAndAmortisationMember_TrademarkRightsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2703" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">18,931</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_TrademarkRightsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2643" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_TrademarkRightsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag3134" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,389</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_TrademarkRightsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2956" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_TrademarkRightsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2957" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">323</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_TrademarkRightsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2773" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_TrademarkRightsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2684" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_AccumulatedDepreciationAndAmortisationMember_TrademarkRightsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2700" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">22,997</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_AccumulatedDepreciationAndAmortisationMember_OtherIntangibleAssetsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2792" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,234</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_OtherIntangibleAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag3374" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_OtherIntangibleAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2844" decimals="-3" scale="3" format="ixt:num-dot-decimal">301</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_OtherIntangibleAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2631" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_OtherIntangibleAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2690" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,308</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_OtherIntangibleAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2820" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_OtherIntangibleAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2886" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_AccumulatedDepreciationAndAmortisationMember_OtherIntangibleAssetsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2833" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,227</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3770" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">957,083</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2930" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2779" decimals="-3" scale="3" format="ixt:num-dot-decimal">232,037</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2552" decimals="-3" scale="3" format="ixt:num-dot-decimal">32,902</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2916" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,557</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2971" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2620" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3130" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,151,661</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 3px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net amount </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2869" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,553,917</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag17" decimals="-3" scale="3" format="ixt:num-dot-decimal">959,917</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2769" decimals="-3" scale="3" format="ixt:num-dot-decimal">232,037</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2626" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,176</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2622" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,423,393</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2803" decimals="-3" scale="3" format="ixt:num-dot-decimal">108</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2945" decimals="-3" scale="3" format="ixt:num-dot-decimal">39,642</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2931" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,908,330</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt;"><br/></p>
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(i) <span><ix:footnote xml:lang="en-US" id="footnote49" footnoteRole="http://www.xbrl.org/2003/role/footnote">Refers to R$ <ix:nonFraction contextRef="D20241231" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2875" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,176</ix:nonFraction> transferred from property, plant and equipment.</ix:footnote></span></span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><span style="line-height: inherit;">(ii) <span><ix:footnote xml:lang="en-US" id="footnote47" footnoteRole="http://www.xbrl.org/2003/role/footnote">For further information, see Note 27.</ix:footnote></span></span></span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><br/></p>
<div>
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml">
<div id="t_ft_ND8MDR360W00000000000000000000b">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-47</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<div xmlns="http://www.w3.org/1999/xhtml" id="t_ft_INI5KJYUUO00000000000000000000b">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><br/></td> </tr> </tbody> </table> </div>
<p xmlns="http://www.w3.org/1999/xhtml" style="margin: 0pt;"><br/></p> </ix:exclude> </div>
<div id="t_ft_KQWXCNLT2O00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="height: 282px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average useful life (years) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Amortization </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Transfers (i)</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Foreign exchange variations </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Acquisition of subsidiaries </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.520446%; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.520446%; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.520446%; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.520446%; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.520446%; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.743494%; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.520446%; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.520446%; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill (a) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_GrossCarryingAmountMember_GoodwillMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2877" decimals="-3" scale="3" format="ixt:num-dot-decimal">917,775</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_GoodwillMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2691" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_GoodwillMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2604" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_GoodwillMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2912" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_GoodwillMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2849" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_GoodwillMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2864" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_GoodwillMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2810" decimals="-3" scale="3" format="ixt:num-dot-decimal">25,350</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_GrossCarryingAmountMember_GoodwillMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2943" decimals="-3" scale="3" format="ixt:num-dot-decimal">943,125</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Software (b) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_GrossCarryingAmountMember_ComputerSoftwareMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" id="Tag2593" format="ixt-sec:duryear">5</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_GrossCarryingAmountMember_ComputerSoftwareMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2852" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,299,088</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_ComputerSoftwareMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag3333" decimals="-3" scale="3" format="ixt:num-dot-decimal">273,310</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_ComputerSoftwareMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2625" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_ComputerSoftwareMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3351" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,086</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_ComputerSoftwareMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2592" decimals="-3" scale="3" format="ixt:num-dot-decimal">79,909</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_ComputerSoftwareMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3354" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_ComputerSoftwareMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2814" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,026</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_GrossCarryingAmountMember_ComputerSoftwareMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2909" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,503,601</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Distribution rights </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_GrossCarryingAmountMember_DistributionRightsAssetMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" id="Tag2699" format="ixt-sec:duryear">15</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_GrossCarryingAmountMember_DistributionRightsAssetMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3298" decimals="-3" scale="3" format="ixt:num-dot-decimal">114,593</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_DistributionRightsAssetMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2903" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,357</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_DistributionRightsAssetMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2761" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_DistributionRightsAssetMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2887" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_DistributionRightsAssetMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2781" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_DistributionRightsAssetMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2838" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_DistributionRightsAssetMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2679" decimals="-3" scale="3" format="ixt:num-dot-decimal">39,224</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_GrossCarryingAmountMember_DistributionRightsAssetMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2961" decimals="-3" scale="3" format="ixt:num-dot-decimal">155,174</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Brands (c) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_GrossCarryingAmountMember_BrandNamesMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2911" decimals="-3" scale="3" format="ixt:num-dot-decimal">65,647</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_BrandNamesMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2842" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_BrandNamesMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag3381" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_BrandNamesMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2858" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_BrandNamesMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2979" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_BrandNamesMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2666" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,344</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_BrandNamesMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2678" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_GrossCarryingAmountMember_BrandNamesMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2879" decimals="-3" scale="3" format="ixt:num-dot-decimal">62,303</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trademark rights (c) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_GrossCarryingAmountMember_TrademarkRightsMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" id="Tag3348" format="ixt-sec:duryear">30</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_GrossCarryingAmountMember_TrademarkRightsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3353" decimals="-3" scale="3" format="ixt:num-dot-decimal">114,792</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_TrademarkRightsMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2816" decimals="-3" scale="3" format="ixt:num-dot-decimal">25</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_TrademarkRightsMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2777" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_TrademarkRightsMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2964" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_TrademarkRightsMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2888" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_TrademarkRightsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3288" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_TrademarkRightsMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2589" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,143</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_GrossCarryingAmountMember_TrademarkRightsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2804" decimals="-3" scale="3" format="ixt:num-dot-decimal">120,960</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_GrossCarryingAmountMember_OtherIntangibleAssetsMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" id="Tag2959" format="ixt-sec:duryear">3</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_GrossCarryingAmountMember_OtherIntangibleAssetsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2958" decimals="-3" scale="3" format="ixt:num-dot-decimal">177</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_OtherIntangibleAssetsMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2670" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_OtherIntangibleAssetsMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2799" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_OtherIntangibleAssetsMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2867" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_OtherIntangibleAssetsMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag968" decimals="-3" scale="3" format="ixt:num-dot-decimal">3</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_OtherIntangibleAssetsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2689" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_OtherIntangibleAssetsMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2758" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,953</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_GrossCarryingAmountMember_OtherIntangibleAssetsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2884" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,127</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Decarbonization credits (CBIO) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_GrossCarryingAmountMember_DecarbonizationCreditsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2851" decimals="-3" scale="3" format="ixt:num-dot-decimal">232,305</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_DecarbonizationCreditsMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2863" decimals="-3" scale="3" format="ixt:num-dot-decimal">778,885</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_DecarbonizationCreditsMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2635" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_DecarbonizationCreditsMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag5625" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_DecarbonizationCreditsMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2951" decimals="-3" scale="3" format="ixt:num-dot-decimal">300,480</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_DecarbonizationCreditsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2638" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember_DecarbonizationCreditsMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2837" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_GrossCarryingAmountMember_DecarbonizationCreditsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2778" decimals="-3" scale="3" format="ixt:num-dot-decimal">710,710</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_GrossCarryingAmountMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2976" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,744,377</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2768" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,053,577</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2926" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2811" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,086</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2586" decimals="-3" scale="3" format="ixt:num-dot-decimal">380,392</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2756" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,344</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2952" decimals="-3" scale="3" format="ixt:num-dot-decimal">95,696</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_GrossCarryingAmountMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag5639" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,511,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated amortization: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Software </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_AccumulatedDepreciationAndAmortisationMember_ComputerSoftwareMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2702" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">708,659</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember_ComputerSoftwareMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2776" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember_ComputerSoftwareMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2793" decimals="-3" scale="3" format="ixt:num-dot-decimal">192,976</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember_ComputerSoftwareMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2915" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember_ComputerSoftwareMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2859" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">79,720</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember_ComputerSoftwareMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2866" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember_ComputerSoftwareMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3794" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,858</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_AccumulatedDepreciationAndAmortisationMember_ComputerSoftwareMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3117" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">826,773</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Distribution rights </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_AccumulatedDepreciationAndAmortisationMember_DistributionRightsAssetMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2861" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">102,037</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember_DistributionRightsAssetMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2801" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember_DistributionRightsAssetMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2953" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,956</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember_DistributionRightsAssetMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3118" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember_DistributionRightsAssetMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2828" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember_DistributionRightsAssetMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2902" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember_DistributionRightsAssetMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2896" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,152</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_AccumulatedDepreciationAndAmortisationMember_DistributionRightsAssetMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2554" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">106,145</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trademark rights </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_AccumulatedDepreciationAndAmortisationMember_TrademarkRightsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2587" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">14,930</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember_TrademarkRightsMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2550" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember_TrademarkRightsMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2754" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,889</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember_TrademarkRightsMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag966" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember_TrademarkRightsMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2941" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember_TrademarkRightsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2853" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember_TrademarkRightsMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2812" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">112</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_AccumulatedDepreciationAndAmortisationMember_TrademarkRightsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2753" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">18,931</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_AccumulatedDepreciationAndAmortisationMember_OtherIntangibleAssetsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2944" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">402</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember_OtherIntangibleAssetsMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2850" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember_OtherIntangibleAssetsMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2771" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,835</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember_OtherIntangibleAssetsMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3208" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember_OtherIntangibleAssetsMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2819" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember_OtherIntangibleAssetsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2669" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember_OtherIntangibleAssetsMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2940" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_AccumulatedDepreciationAndAmortisationMember_OtherIntangibleAssetsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag11" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,234</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2904" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">826,028</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2764" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2970" decimals="-3" scale="3" format="ixt:num-dot-decimal">204,656</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3290" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2673" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">79,723</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2934" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2601" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,122</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2846" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">957,083</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net amount </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3008" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,918,349</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2759" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,053,577</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2661" decimals="-3" scale="3" format="ixt:num-dot-decimal">204,656</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2682" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,086</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2860" decimals="-3" scale="3" format="ixt:num-dot-decimal">300,669</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2636" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,344</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2765" decimals="-3" scale="3" format="ixt:num-dot-decimal">89,574</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2659" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,553,917</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(i) <span><ix:footnote xml:lang="en-US" id="footnote7" footnoteRole="http://www.xbrl.org/2003/role/footnote">Refers to R$ <ix:nonFraction contextRef="D20231231_IntangibleAssetsOtherThanGoodwillMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag3352" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,086</ix:nonFraction> transferred to intangible assets and R$ <ix:nonFraction contextRef="D20231231_RightofuseAssetsMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="BRL" id="Tag2789" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,491</ix:nonFraction> transferred from right-of-use assets.</ix:footnote></span></span></p>
<p style="margin: 0pt;"><br/></p>
<div style="border-left: none; border-right: none;">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 302px;" width="100%">
<tbody>
<tr style="height: 29px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 29px; width: 22.0103%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; border-bottom: 1px solid #000000; width: 7.99707%;">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average useful life (years) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 29px; width: 1.02715%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.99707%;">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2021 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; border-bottom: 1px solid #000000; width: 7.99707%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.99707%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Amortizations </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.99707%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Transfers (i) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.99707%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.99707%;">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Exchange rate variation </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.99707%;">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 22.0103%; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.99707%; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.99707%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.99707%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.99707%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.99707%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.99707%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.99707%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.99707%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill (a) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_GoodwillMember_GrossCarryingAmountMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2556" decimals="-3" scale="3" format="ixt:num-dot-decimal">818,096</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_GoodwillMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2585" decimals="-3" scale="3" format="ixt:num-dot-decimal">99,679</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_GoodwillMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2606" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_GoodwillMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2619" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_GoodwillMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2937" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_GoodwillMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2794" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_GrossCarryingAmountMember_GoodwillMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag5626" decimals="-3" scale="3" format="ixt:num-dot-decimal">917,775</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Software (c) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_ComputerSoftwareMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" id="Tag2591" format="ixt-sec:duryear">5</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_ComputerSoftwareMember_GrossCarryingAmountMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2685" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,146,980</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ComputerSoftwareMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2696" decimals="-3" scale="3" format="ixt:num-dot-decimal">277,600</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ComputerSoftwareMember_GrossCarryingAmountMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2751" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ComputerSoftwareMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2857" decimals="-3" scale="3" format="ixt:num-dot-decimal">173</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_ComputerSoftwareMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag12" decimals="-3" scale="3" format="ixt:num-dot-decimal">125,665</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ComputerSoftwareMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3129" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_GrossCarryingAmountMember_ComputerSoftwareMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2949" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,299,088</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Distribution rights </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DistributionRightsAssetMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" id="Tag3376" format="ixt-sec:duryear">12</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_DistributionRightsAssetMember_GrossCarryingAmountMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2946" decimals="-3" scale="3" format="ixt:num-dot-decimal">114,593</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DistributionRightsAssetMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag3382" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DistributionRightsAssetMember_GrossCarryingAmountMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2790" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DistributionRightsAssetMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2664" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DistributionRightsAssetMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2955" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DistributionRightsAssetMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2774" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_GrossCarryingAmountMember_DistributionRightsAssetMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2954" decimals="-3" scale="3" format="ixt:num-dot-decimal">114,593</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Brands (d) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_BrandNamesMember_GrossCarryingAmountMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2784" decimals="-3" scale="3" format="ixt:num-dot-decimal">69,198</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_BrandNamesMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2637" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_BrandNamesMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2783" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_BrandNamesMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2551" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_BrandNamesMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2862" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_BrandNamesMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2767" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,551</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_GrossCarryingAmountMember_BrandNamesMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2845" decimals="-3" scale="3" format="ixt:num-dot-decimal">65,647</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trademark rights (d) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_TrademarkRightsMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" id="Tag2836" format="ixt-sec:duryear">39</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_TrademarkRightsMember_GrossCarryingAmountMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2662" decimals="-3" scale="3" format="ixt:num-dot-decimal">114,792</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_TrademarkRightsMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2876" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_TrademarkRightsMember_GrossCarryingAmountMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2918" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_TrademarkRightsMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2935" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_TrademarkRightsMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3123" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_TrademarkRightsMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2772" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_GrossCarryingAmountMember_TrademarkRightsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2677" decimals="-3" scale="3" format="ixt:num-dot-decimal">114,792</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_OtherIntangibleAssetsMember_GrossCarryingAmountMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" id="Tag2813" format="ixt-sec:duryear">10</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_OtherIntangibleAssetsMember_GrossCarryingAmountMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2770" decimals="-3" scale="3" format="ixt:num-dot-decimal">421</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_OtherIntangibleAssetsMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag3120" decimals="-3" scale="3" format="ixt:num-dot-decimal">999</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_OtherIntangibleAssetsMember_GrossCarryingAmountMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2757" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_OtherIntangibleAssetsMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2660" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,243</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_OtherIntangibleAssetsMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2805" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_OtherIntangibleAssetsMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2797" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_GrossCarryingAmountMember_OtherIntangibleAssetsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2671" decimals="-3" scale="3" format="ixt:num-dot-decimal">177</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Decarbonization credits (CBIO) (b) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 7.99707%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_GrossCarryingAmountMember_DecarbonizationCreditsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2578" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_DecarbonizationCreditsMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2752" decimals="-3" scale="3" format="ixt:num-dot-decimal">635,130</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_DecarbonizationCreditsMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2575" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_DecarbonizationCreditsMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag13" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_DecarbonizationCreditsMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2834" decimals="-3" scale="3" format="ixt:num-dot-decimal">402,825</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_DecarbonizationCreditsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2843" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_GrossCarryingAmountMember_DecarbonizationCreditsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2808" decimals="-3" scale="3" format="ixt:num-dot-decimal">232,305</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_GrossCarryingAmountMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2795" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,264,080</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag3287" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,013,408</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2899" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag8" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,070</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2639" decimals="-3" scale="3" format="ixt:num-dot-decimal">528,490</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2963" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,551</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_GrossCarryingAmountMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2923" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,744,377</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated amortization: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Software </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20211231_ComputerSoftwareMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2870" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">679,402</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember_ComputerSoftwareMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2925" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember_ComputerSoftwareMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2901" decimals="-3" scale="3" format="ixt:num-dot-decimal">154,122</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember_ComputerSoftwareMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2628" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember_ComputerSoftwareMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2910" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">124,865</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember_ComputerSoftwareMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2839" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_AccumulatedDepreciationAndAmortisationMember_ComputerSoftwareMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2605" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">708,659</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Distribution rights </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20211231_DistributionRightsAssetMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2826" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">101,027</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember_DistributionRightsAssetMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2800" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember_DistributionRightsAssetMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag14" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,010</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember_DistributionRightsAssetMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2630" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember_DistributionRightsAssetMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2965" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember_DistributionRightsAssetMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2832" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_AccumulatedDepreciationAndAmortisationMember_DistributionRightsAssetMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2897" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">102,037</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trademark rights </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20211231_TrademarkRightsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2865" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">11,993</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember_TrademarkRightsMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2913" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember_TrademarkRightsMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2782" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,937</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember_TrademarkRightsMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2932" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember_TrademarkRightsMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2704" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember_TrademarkRightsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2848" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_AccumulatedDepreciationAndAmortisationMember_TrademarkRightsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2873" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">14,930</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20211231_OtherIntangibleAssetsMember_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2894" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">402</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember_OtherIntangibleAssetsMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2687" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember_OtherIntangibleAssetsMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2791" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember_OtherIntangibleAssetsMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2962" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember_OtherIntangibleAssetsMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3125" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember_OtherIntangibleAssetsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2608" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_AccumulatedDepreciationAndAmortisationMember_OtherIntangibleAssetsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2672" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">402</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20211231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2854" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">792,824</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2755" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2890" decimals="-3" scale="3" format="ixt:num-dot-decimal">158,069</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2868" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2905" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">124,865</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2822" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_AccumulatedDepreciationAndAmortisationMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2633" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">826,028</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 22.0103%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net amount </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 7.99707%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; width: 7.99707%; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3289" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,471,256</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; width: 7.99707%; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2676" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,013,408</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; width: 7.99707%; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag2824" decimals="-3" scale="3" format="ixt:num-dot-decimal">158,069</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; width: 7.99707%; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2607" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,070</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; width: 7.99707%; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2917" decimals="-3" scale="3" format="ixt:num-dot-decimal">403,625</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; width: 7.99707%; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2908" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,551</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; width: 7.99707%; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2938" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,918,349</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(i) <span><ix:footnote xml:lang="en-US" id="footnote48" footnoteRole="http://www.xbrl.org/2003/role/footnote">Refers to R$ <ix:nonFraction contextRef="D20221231" name="ifrs-full:IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag2632" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,070</ix:nonFraction> transferred to property, plant and equipment</ix:footnote></span></span></p> </ix:nonNumeric>
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml" style="line-height: 1.2;">
<p style="margin: 0pt;"><br/></p>
<div>
<div id="t_ft_CFJBD27FPS00000000000000000000b">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-48</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div>
<div xmlns="http://www.w3.org/1999/xhtml">
<p style="margin: 0pt; line-height: 1.2;"><br/></p>
<div id="t_ft_ZVQ5AGIEDS00000000000000000000b">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><br/></td> </tr> </tbody> </table> </div> </div> </ix:exclude> </div>
<div>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br/></span></p>
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Goodwill</span></p>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfGoodwillExplanatory" id="Tag5387" escape="true">
<div id="t_ft_V32NZPRQQO00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 99.6726%; text-indent: 0px; height: 229px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Segment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill on the acquisition of: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 20%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 10px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 19px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga <sup>(i) </sup></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 19px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IpirangaMember_4" name="ugp:GoodwillAcquisitionSegment" id="Tag2780" escape="false">Ipiranga</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 19px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 19px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_IpirangaMember_4" name="ifrs-full:AdditionalRecognitionGoodwill" unitRef="BRL" id="Tag2806" decimals="-3" scale="3" format="ixt:num-dot-decimal">276,724</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 19px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 19px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 19px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_IpirangaMember_3" name="ifrs-full:AdditionalRecognitionGoodwill" unitRef="BRL" id="Tag2807" decimals="-3" scale="3" format="ixt:num-dot-decimal">276,724</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 19px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Uni&#227;o Terminais </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_UniaoTerminaisMember" name="ugp:GoodwillAcquisitionSegment" id="Tag2775" escape="false">Ultracargo</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_UniaoTerminaisMember" name="ifrs-full:AdditionalRecognitionGoodwill" unitRef="BRL" id="Tag2694" decimals="-3" scale="3" format="ixt:num-dot-decimal">211,089</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_UniaoTerminaisMember" name="ifrs-full:AdditionalRecognitionGoodwill" unitRef="BRL" id="Tag2817" decimals="-3" scale="3" format="ixt:num-dot-decimal">211,089</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Texaco </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_TexacoMember" name="ugp:GoodwillAcquisitionSegment" id="Tag2788" escape="false">Ipiranga</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_TexacoMember" name="ifrs-full:AdditionalRecognitionGoodwill" unitRef="BRL" id="Tag965" decimals="-3" scale="3" format="ixt:num-dot-decimal">177,759</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_TexacoMember" name="ifrs-full:AdditionalRecognitionGoodwill" unitRef="BRL" id="Tag2880" decimals="-3" scale="3" format="ixt:num-dot-decimal">177,759</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Stella </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_StellaMember" name="ugp:GoodwillAcquisitionSegment" id="Tag2874" escape="false">Ultragaz</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_StellaMember" name="ifrs-full:AdditionalRecognitionGoodwill" unitRef="BRL" id="Tag2609" decimals="-3" scale="3" format="ixt:num-dot-decimal">103,051</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_StellaMember" name="ifrs-full:AdditionalRecognitionGoodwill" unitRef="BRL" id="Tag2555" decimals="-3" scale="3" format="ixt:num-dot-decimal">103,051</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Iconic (CBLSA) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_IconicCblsamemberMember" name="ugp:GoodwillAcquisitionSegment" id="Tag2642" escape="false">Ipiranga</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_IconicCblsamemberMember" name="ifrs-full:AdditionalRecognitionGoodwill" unitRef="BRL" id="Tag2885" decimals="-3" scale="3" format="ixt:num-dot-decimal">69,807</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_IconicCblsamemberMember" name="ifrs-full:AdditionalRecognitionGoodwill" unitRef="BRL" id="Tag2883" decimals="-3" scale="3" format="ixt:num-dot-decimal">69,807</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> WTZ (<span>27</span>.b) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_WtzParticipacoesSAMember_1" name="ugp:GoodwillAcquisitionSegment" id="Tag2939" escape="false">Ultragaz</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_WtzParticipacoesSAMember_1" name="ifrs-full:AdditionalRecognitionGoodwill" unitRef="BRL" id="Tag2692" decimals="-3" scale="3" format="ixt:num-dot-decimal">52,038</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_WtzParticipacoesSAMember" name="ifrs-full:AdditionalRecognitionGoodwill" unitRef="BRL" id="Tag2942" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Temmar </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_TemmarMember" name="ugp:GoodwillAcquisitionSegment" id="Tag2948" escape="false">Ultracargo</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_TemmarMember" name="ifrs-full:AdditionalRecognitionGoodwill" unitRef="BRL" id="Tag2668" decimals="-3" scale="3" format="ixt:num-dot-decimal">43,781</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_TemmarMember" name="ifrs-full:AdditionalRecognitionGoodwill" unitRef="BRL" id="Tag2590" decimals="-3" scale="3" format="ixt:num-dot-decimal">43,781</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> DNP </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DNPMember" name="ugp:GoodwillAcquisitionSegment" id="Tag3375" escape="false">Ipiranga</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DNPMember" name="ifrs-full:AdditionalRecognitionGoodwill" unitRef="BRL" id="Tag2627" decimals="-3" scale="3" format="ixt:num-dot-decimal">24,736</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_DNPMember" name="ifrs-full:AdditionalRecognitionGoodwill" unitRef="BRL" id="Tag2809" decimals="-3" scale="3" format="ixt:num-dot-decimal">24,736</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Repsol </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_RepsolMember" name="ugp:GoodwillAcquisitionSegment" id="Tag2584" escape="false">Ultragaz</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_RepsolMember" name="ifrs-full:AdditionalRecognitionGoodwill" unitRef="BRL" id="Tag2762" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,403</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_RepsolMember" name="ifrs-full:AdditionalRecognitionGoodwill" unitRef="BRL" id="Tag2830" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,403</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Neog&#225;s </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_NeogasGroupMember_1" name="ugp:GoodwillAcquisitionSegment" id="Tag3380" escape="false">Ultragaz</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_NeogasGroupMember_1" name="ifrs-full:AdditionalRecognitionGoodwill" unitRef="BRL" id="Tag2921" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,761</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_NeogasGroupMember_1" name="ifrs-full:AdditionalRecognitionGoodwill" unitRef="BRL" id="Tag3379" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,761</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Serra Diesel </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_SerraDieselMember_1" name="ugp:GoodwillAcquisitionSegment" id="Tag2920" escape="false">Ultrapar</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_SerraDieselMember_1" name="ifrs-full:AdditionalRecognitionGoodwill" unitRef="BRL" id="Tag2972" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,413</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_SerraDieselMember_1" name="ifrs-full:AdditionalRecognitionGoodwill" unitRef="BRL" id="Tag2683" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,217</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> TEAS </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember" name="ugp:GoodwillAcquisitionSegment" id="Tag2798" escape="false">Ultracargo</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember" name="ifrs-full:AdditionalRecognitionGoodwill" unitRef="BRL" id="Tag2835" decimals="-3" scale="3" format="ixt:num-dot-decimal">797</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember" name="ifrs-full:AdditionalRecognitionGoodwill" unitRef="BRL" id="Tag2680" decimals="-3" scale="3" format="ixt:num-dot-decimal">797</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 10px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:AdditionalRecognitionGoodwill" unitRef="BRL" id="Tag10" decimals="-3" scale="3" format="ixt:num-dot-decimal">982,359</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:AdditionalRecognitionGoodwill" unitRef="BRL" id="Tag2900" decimals="-3" scale="3" format="ixt:num-dot-decimal">943,125</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr> </tbody> </table> </div> </ix:nonNumeric>
<p style="margin: 10pt 0pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><span style="line-height: inherit;">As of December 31, 2024, the Company assessed the balances of goodwill shown in the table above for impairment. The determination of value in use involves assumptions, judgments, and estimates of cash flows, such as growth rates of revenues, costs and expenses, estimates of investments and working capital, and discount rates. The assumptions about growth projections of future cash flows are based on the Company&#8217;s business plan of its operating segments, as well as comparable market data, and represent management&#8217;s best estimate of the </span><span style="line-height: inherit;">future </span><span style="line-height: inherit;">economic conditions. The main key assumptions used by the Company to calculate the value in use are described below. </span></span></p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Period of evaluation: period of <ix:nonNumeric contextRef="D20241231" name="ugp:PeriodOfEvaluation" id="Tag3408" format="ixt-sec:durwordsen">five years</ix:nonNumeric>, after which the Company calculates the perpetuity, considering the possibility of carrying the business on indefinitely. </span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><span style="line-height: inherit;">Discount rate and </span><span style="line-height: inherit;">real</span> <span style="line-height: inherit;">growth rate: the </span><span style="line-height: inherit;">nominal </span><span style="line-height: inherit;">discount and real growth rates used to extrapolate the projections at December 31, 2024 ranged from <ix:nonFraction contextRef="D20241231_BottomOfRangeMember" name="ugp:DiscountRate" unitRef="Pure" id="Tag2893" decimals="3" scale="-2" format="ixt:num-dot-decimal">10.3</ix:nonFraction>% to <ix:nonFraction contextRef="D20241231_TopOfRangeMember" name="ugp:DiscountRate" unitRef="Pure" id="Tag2665" decimals="3" scale="-2" format="ixt:num-dot-decimal">11.7</ix:nonFraction>% and -<ix:nonFraction contextRef="D20241231_BottomOfRangeMember" name="ugp:RealGrowthRate" unitRef="Pure" id="Tag3355" decimals="3" scale="-2" format="ixt:num-dot-decimal" sign="-">0.5</ix:nonFraction>% to <ix:nonFraction contextRef="D20241231_TopOfRangeMember" name="ugp:RealGrowthRate" unitRef="Pure" id="Tag2906" decimals="3" scale="-2" format="ixt:num-dot-decimal">0.5</ix:nonFraction>% p.a., respectively, depending on the </span><span style="line-height: inherit;">acquisition </span><span style="line-height: inherit;">analyzed. </span></span></p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><span style="line-height: inherit;">Revenue from sales and services, costs and expenses, and gross margin: considers the budget prepared for <span>2025</span> and the long-term strategic plan prepared by </span><span style="line-height: inherit;">M</span><span style="line-height: inherit;">anagement and presented to the Board of Directors.</span></span></p>
<p style="margin: 0pt; line-height: 1.2;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><span style="line-height: inherit;">Goodwill from investments in joint ventures and associates </span><span style="line-height: inherit;">is</span><span style="line-height: inherit;"> presented under investments, for further information see Note <span>11</span>.</span></span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Software</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-size: 10pt; line-height: 1.2; font-family: 'times new roman', times;"><span style="line-height: inherit;">Includes user licenses and costs for the implementation of the various systems used by the Company and its subsidiaries: integrated management and control, financial management, foreign trade, industrial automation, operational and storage management, accounting information, and other systems. Also include</span><span style="line-height: inherit;">s</span><span style="line-height: inherit;"> expenses related to software in progress in the amount of R$ <ix:nonFraction contextRef="I20241231_ComputerSoftwareMember" name="ifrs-full:IntangibleAssetsUnderDevelopment" unitRef="BRL" id="Tag2634" decimals="-3" scale="3" format="ixt:num-dot-decimal">84,421</ix:nonFraction> </span><span style="line-height: inherit;">in</span><span style="line-height: inherit;"> <span style="border-left: none; border-right: none;">2024</span> (R$ <ix:nonFraction contextRef="I20231231_ComputerSoftwareMember" name="ifrs-full:IntangibleAssetsUnderDevelopment" unitRef="BRL" id="Tag5636" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,200</ix:nonFraction> </span><span style="line-height: inherit;">in</span><span style="line-height: inherit;"> <span style="border-left: none; border-right: none;">2023</span></span><span style="line-height: inherit;"> and R$ </span><span style="line-height: inherit;">R$ <ix:nonFraction contextRef="I20221231_ComputerSoftwareMember" name="ifrs-full:IntangibleAssetsUnderDevelopment" unitRef="BRL" id="Tag2796" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,673</ix:nonFraction></span> <span style="line-height: inherit;">in <span style="border-left: none; border-right: none;">2022</span></span><span style="line-height: inherit;">).</span></span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Brands and trademarks rights</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><span style="font-family: 'times new roman', times;">Brands are represented by the a</span>cquisition cost of the &#8216;am/pm&#8217; brand in Brazil and the NEOg&#225;s brand, acquired in the business combination, and Chevron and Texaco trademarks rights.</span></p> </div> </ix:nonNumeric> </div>
<p style="margin: 0pt;"><br/></p> </div>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-49</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div><div style="font-family: 'times new roman', times; font-size: 10pt;">
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<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span style="border-left: none; border-right: none;">2023</span> and <span style="border-left: none; border-right: none;">2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt;"><br/></p>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfBorrowingsExplanatory" id="Tag809" escape="true">
<div style="line-height: 1.2;">
<div style="background-color: #002060; margin: 0pt; break-after: avoid; break-before: page; break-inside: avoid; text-align: justify; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB15_1422025194854531" class="customBookmark"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">15. Loans, financing, debentures and derivative financial instruments</span></a></div>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory" id="Tag175" escape="true">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Financial liabilities are initially recognized at fair value, net of transaction costs incurred, and are subsequently measured at amortized cost or at fair value through profit or loss and updated using the effective interest rate and including charges. The financial liabilities at fair value through profit or loss refer to derivative financial instruments and financial liabilities designated as hedged items in a fair value hedge relationship upon initial recognition (see Note <span>2</span></span><span style="line-height: inherit;"><span>5</span></span><span style="line-height: inherit;">.g.<span>1</span>). Any difference between the proceeds (net of transaction costs) and the total amount payable is recognized in the statement of income over the period of the borrowings using the effective interest rate method. Fees paid on the contracting of loans are recognized as transaction costs and amortized taking into account the term of the loan, using the effective interest rate method.</span></span></p> </ix:nonNumeric>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Breakdown</span></p>
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<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9534%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9534%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9534%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9534%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1.47493%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 21.8659%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Consolidated </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 27.8426%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Description </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 11.9534%;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Index/Currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 11.9534%;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average financial charges <span>2024</span> (p.a.) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 11.9534%;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average hedging instruments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 11.9534%;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Maturity </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1.47493%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.91254%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1.02041%;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1.02041%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.91254%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign currency: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 11.9534%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 11.9534%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 11.9534%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 11.9534%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 1.47493%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 9.91254%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 1.02041%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 1.02041%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 9.91254%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1.45773%; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan1Member" name="ugp:LoanDescription" id="Tag5852" escape="false">Notes in the foreign market</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan1Member" name="ugp:LoanIndexCurrency" id="Tag2222" escape="false">USD</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan1Member" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag985" decimals="4" scale="-2" format="ixt:num-dot-decimal">5.25</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan1Member" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag2022" decimals="3" scale="-2" format="ixt:num-dot-decimal">139.0</ix:nonFraction>% of DI** </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan1Member" name="ifrs-full:BorrowingsMaturity" id="Tag5873" escape="false">2026 to 2029</ix:nonNumeric></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan1Member" name="ugp:ForeignCurrencyDenominatedLoans" unitRef="BRL" id="Tag2171" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,710,980</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Loan1Member" name="ugp:ForeignCurrencyDenominatedLoans" unitRef="BRL" id="Tag920" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,694,339</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan2Member" name="ugp:LoanDescription" id="Tag2031" escape="false">Foreign loan</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan2Member" name="ugp:LoanIndexCurrency" id="Tag2066" escape="false">JPY</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan2Member" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag2090" decimals="4" scale="-2" format="ixt:num-dot-decimal">1.31</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan2Member" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag2261" decimals="3" scale="-2" format="ixt:num-dot-decimal">109.4</ix:nonFraction>% of DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan2Member" name="ifrs-full:BorrowingsMaturity" id="Tag4263" escape="false">2025</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan2Member" name="ugp:ForeignCurrencyDenominatedLoans" unitRef="BRL" id="Tag5842" decimals="-3" scale="3" format="ixt:num-dot-decimal">501,524</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Loan2Member" name="ugp:ForeignCurrencyDenominatedLoans" unitRef="BRL" id="Tag971" decimals="-3" scale="3" format="ixt:num-dot-decimal">439,852</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan3Member" name="ugp:LoanDescription" id="Tag874" escape="false">Foreign loan</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan3Member" name="ugp:LoanIndexCurrency" id="Tag2014" escape="false">EUR</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan3Member" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag2177" decimals="4" scale="-2" format="ixt:num-dot-decimal">4.39</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan3Member" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag2029" decimals="3" scale="-2" format="ixt:num-dot-decimal">109.2</ix:nonFraction>% of DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan3Member" name="ifrs-full:BorrowingsMaturity" id="Tag936" escape="false">2025</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan3Member" name="ugp:ForeignCurrencyDenominatedLoans" unitRef="BRL" id="Tag5423" decimals="-3" scale="3" format="ixt:num-dot-decimal">778,147</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Loan3Member" name="ugp:ForeignCurrencyDenominatedLoans" unitRef="BRL" id="Tag2078" decimals="-3" scale="3" format="ixt:num-dot-decimal">126,171</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan4Member" name="ugp:LoanDescription" id="Tag2283" escape="false">Foreign loan</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan4Member" name="ugp:LoanIndexCurrency" id="Tag912" escape="false">USD</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan4Member" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag2001" decimals="4" scale="-2" format="ixt:num-dot-decimal">4.57</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan4Member" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag2034" decimals="3" scale="-2" format="ixt:num-dot-decimal">105.9</ix:nonFraction>% of DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan4Member" name="ifrs-full:BorrowingsMaturity" id="Tag2230" escape="false">2025</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan4Member" name="ugp:ForeignCurrencyDenominatedLoans" unitRef="BRL" id="Tag2189" decimals="-3" scale="3" format="ixt:num-dot-decimal">691,006</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Loan4Member" name="ugp:ForeignCurrencyDenominatedLoans" unitRef="BRL" id="Tag2057" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,018,429</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total in foreign currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:ForeignCurrencyDenominatedLoans" unitRef="BRL" id="Tag5904" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,681,657</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:ForeignCurrencyDenominatedLoans" unitRef="BRL" id="Tag880" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,278,791</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Brazilian Reais: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan5Member" name="ugp:LoanDescription" id="Tag982" escape="false">Debentures &#8211; CRA</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan5Member" name="ugp:LoanIndexCurrency" id="Tag5840" escape="false">IPCA</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan5Member" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag2241" decimals="4" scale="-2" format="ixt:num-dot-decimal">5.30</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan5Member" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag2309" decimals="3" scale="-2" format="ixt:num-dot-decimal">103.1</ix:nonFraction>% of DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><ix:nonNumeric contextRef="D20241231_Loan5Member" name="ifrs-full:BorrowingsMaturity" id="Tag2005" escape="false">2025 to 2032</ix:nonNumeric></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan5Member" name="ugp:BrazilianRealDenominatedLoans" unitRef="BRL" id="Tag2020" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,456,111</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Loan5Member" name="ugp:BrazilianRealDenominatedLoans" unitRef="BRL" id="Tag5874" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,434,287</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan6Member" name="ugp:LoanDescription" id="Tag941" escape="false">CCB</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan6Member" name="ugp:LoanIndexCurrency" id="Tag897" escape="false">CDI</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan6Member" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag2091" decimals="3" scale="-2" format="ixt:num-dot-decimal">107.0</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan6Member" name="ifrs-full:BorrowingsMaturity" id="Tag2249" escape="false">2025 to 2026</ix:nonNumeric></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan6Member" name="ugp:BrazilianRealDenominatedLoans" unitRef="BRL" id="Tag909" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,464,624</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Loan6Member" name="ugp:BrazilianRealDenominatedLoans" unitRef="BRL" id="Tag4271" decimals="-3" scale="3" format="ixt:num-dot-decimal">552,407</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan7Member" name="ugp:LoanDescription" id="Tag2871" escape="false">Debentures - Ultragaz</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan7Member" name="ugp:LoanIndexCurrency" id="Tag947" escape="false">CDI +</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan7Member" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag2227" decimals="4" scale="-2" format="ixt:num-dot-decimal">0.74</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231_Loan7Member" name="ifrs-full:BorrowingsMaturity" id="Tag4273" escape="false">2027 to 2029</ix:nonNumeric></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan7Member" name="ugp:BrazilianRealDenominatedLoans" unitRef="BRL" id="Tag2061" decimals="-3" scale="3" format="ixt:num-dot-decimal">731,667</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20231231_Loan7Member" name="ugp:BrazilianRealDenominatedLoans" unitRef="BRL" id="Tag2027" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan8Member" name="ugp:LoanDescription" id="Tag2043" escape="false">Debentures &#8211; Ultracargo</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan8Member" name="ugp:LoanIndexCurrency" id="Tag890" escape="false">IPCA</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan8Member" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag889" decimals="4" scale="-2" format="ixt:num-dot-decimal">4.11</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan8Member" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag2123" decimals="3" scale="-2" format="ixt:num-dot-decimal">111.4</ix:nonFraction>% of DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan8Member" name="ifrs-full:BorrowingsMaturity" id="Tag2012" escape="false">2028</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan8Member" name="ugp:BrazilianRealDenominatedLoans" unitRef="BRL" id="Tag2075" decimals="-3" scale="3" format="ixt:num-dot-decimal">534,706</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Loan8Member" name="ugp:BrazilianRealDenominatedLoans" unitRef="BRL" id="Tag2278" decimals="-3" scale="3" format="ixt:num-dot-decimal">556,677</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan9Member" name="ugp:LoanDescription" id="Tag2069" escape="false">Debentures &#8211; CRA</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan9Member" name="ugp:LoanIndexCurrency" id="Tag529" escape="false">Fixed rate</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan9Member" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag2074" decimals="4" scale="-2" format="ixt:num-dot-decimal">11.17</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan9Member" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag2207" decimals="3" scale="-2" format="ixt:num-dot-decimal">104.3</ix:nonFraction>% of DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan9Member" name="ifrs-full:BorrowingsMaturity" id="Tag893" escape="false">2027</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan9Member" name="ugp:BrazilianRealDenominatedLoans" unitRef="BRL" id="Tag2214" decimals="-3" scale="3" format="ixt:num-dot-decimal">477,827</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Loan9Member" name="ugp:BrazilianRealDenominatedLoans" unitRef="BRL" id="Tag5871" decimals="-3" scale="3" format="ixt:num-dot-decimal">539,914</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan10Member" name="ugp:LoanDescription" id="Tag2118" escape="false">CDCA</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan10Member" name="ugp:LoanIndexCurrency" id="Tag2749" escape="false">CDI</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan10Member" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag2282" decimals="4" scale="-2" format="ixt:num-dot-decimal">0.92</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan10Member" name="ifrs-full:BorrowingsMaturity" id="Tag4261" escape="false">2027</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan10Member" name="ugp:BrazilianRealDenominatedLoans" unitRef="BRL" id="Tag2041" decimals="-3" scale="3" format="ixt:num-dot-decimal">534,374</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20231231_Loan10Member" name="ugp:BrazilianRealDenominatedLoans" unitRef="BRL" id="Tag2070" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan11Member" name="ugp:LoanDescription" id="Tag949" escape="false">Debentures &#8211; CRA</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan11Member" name="ugp:LoanIndexCurrency" id="Tag881" escape="false">CDI</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan11Member" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag2269" decimals="4" scale="-2" format="ixt:num-dot-decimal">0.70</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan11Member" name="ifrs-full:BorrowingsMaturity" id="Tag526" escape="false">2027</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan11Member" name="ugp:BrazilianRealDenominatedLoans" unitRef="BRL" id="Tag2187" decimals="-3" scale="3" format="ixt:num-dot-decimal">490,971</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Loan11Member" name="ugp:BrazilianRealDenominatedLoans" unitRef="BRL" id="Tag297" decimals="-3" scale="3" format="ixt:num-dot-decimal">488,269</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan12Member" name="ugp:LoanDescription" id="Tag2077" escape="false">CDCA</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan12Member" name="ugp:LoanIndexCurrency" id="Tag2004" escape="false">CDI</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan12Member" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag2060" decimals="3" scale="-2" format="ixt:num-dot-decimal">108.7</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><ix:nonNumeric contextRef="D20241231_Loan12Member" name="ifrs-full:BorrowingsMaturity" id="Tag2277" escape="false">2025 to 2027</ix:nonNumeric></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan12Member" name="ugp:BrazilianRealDenominatedLoans" unitRef="BRL" id="Tag2016" decimals="-3" scale="3" format="ixt:num-dot-decimal">293,374</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Loan12Member" name="ugp:BrazilianRealDenominatedLoans" unitRef="BRL" id="Tag2311" decimals="-3" scale="3" format="ixt:num-dot-decimal">201,848</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan13Member" name="ugp:LoanDescription" id="Tag908" escape="false">Constitutional Fund</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan13Member" name="ugp:LoanIndexCurrency" id="Tag778" escape="false">IPCA</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan13Member" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag883" decimals="4" scale="-2" format="ixt:num-dot-decimal">2.93</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan13Member" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag2122" decimals="3" scale="-2" format="ixt:num-dot-decimal">69.5</ix:nonFraction>% of DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><ix:nonNumeric contextRef="D20241231_Loan13Member" name="ifrs-full:BorrowingsMaturity" id="Tag2113" escape="false">2028 to 2041</ix:nonNumeric></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan13Member" name="ugp:BrazilianRealDenominatedLoans" unitRef="BRL" id="Tag2209" decimals="-3" scale="3" format="ixt:num-dot-decimal">114,472</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20231231_Loan13Member" name="ugp:BrazilianRealDenominatedLoans" unitRef="BRL" id="Tag2021" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan14Member" name="ugp:LoanDescription" id="Tag2285" escape="false">Debentures &#8211; Ultracargo</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan14Member" name="ugp:LoanIndexCurrency" id="Tag2263" escape="false">IPCA</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan14Member" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag2193" decimals="4" scale="-2" format="ixt:num-dot-decimal">6.28</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan14Member" name="ifrs-full:BorrowingsMaturity" id="Tag866" escape="false">2032 to 2034</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan14Member" name="ugp:BrazilianRealDenominatedLoans" unitRef="BRL" id="Tag2032" decimals="-3" scale="3" format="ixt:num-dot-decimal">80,048</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20231231_Loan14Member" name="ugp:BrazilianRealDenominatedLoans" unitRef="BRL" id="Tag879" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan15Member" name="ugp:LoanDescription" id="Tag2056" escape="false">FINEP</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan15Member" name="ugp:LoanIndexCurrency" id="Tag528" escape="false">TJLP</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan15Member" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag2270" decimals="4" scale="-2" format="ixt:num-dot-decimal">1.00</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><ix:nonNumeric contextRef="D20241231_Loan15Member" name="ifrs-full:BorrowingsMaturity" id="Tag925" escape="false">2025 to 2026</ix:nonNumeric></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan15Member" name="ugp:BrazilianRealDenominatedLoans" unitRef="BRL" id="Tag2088" decimals="-3" scale="3" format="ixt:num-dot-decimal">679</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Loan15Member" name="ugp:BrazilianRealDenominatedLoans" unitRef="BRL" id="Tag885" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,264</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan16Member" name="ugp:LoanDescription" id="Tag2084" escape="false">Debentures &#8211; Ultracargo</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan16Member" name="ugp:LoanIndexCurrency" id="Tag868" escape="false">R$</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan16Member" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag2280" decimals="4" scale="-2" format="ixt:num-dot-decimal">6.47</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan16Member" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag2184" decimals="3" scale="-2" format="ixt:num-dot-decimal">99.9</ix:nonFraction>% of DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_Loan16Member" name="ifrs-full:BorrowingsMaturity" id="Tag865" escape="false">2024</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Loan16Member" name="ugp:BrazilianRealDenominatedLoans" unitRef="BRL" id="Tag305" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Loan16Member" name="ugp:BrazilianRealDenominatedLoans" unitRef="BRL" id="Tag903" decimals="-3" scale="3" format="ixt:num-dot-decimal">87,826</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total in Brazilian Reais </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:BrazilianRealDenominatedLoans" unitRef="BRL" id="Tag2297" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,178,853</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:BrazilianRealDenominatedLoans" unitRef="BRL" id="Tag2302" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,862,492</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 27.8426%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total in foreign currency and Brazilian Reais </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 11.9534%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 11.9534%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 11.9534%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 11.9534%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1.47493%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; width: 9.91254%; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:LoansReceived" unitRef="BRL" id="Tag2046" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,860,510</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1.02041%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1.02041%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; width: 9.91254%; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:LoansReceived" unitRef="BRL" id="Tag2083" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,141,283</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; width: 1.45773%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Derivative financial instruments (*) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForHedging" unitRef="BRL" id="Tag2081" decimals="-3" scale="3" format="ixt:num-dot-decimal">441,600</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:DerivativeFinancialLiabilitiesHeldForHedging" unitRef="BRL" id="Tag2229" decimals="-3" scale="3" format="ixt:num-dot-decimal">626,734</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:Borrowings" unitRef="BRL" id="Tag959" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,302,110</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:Borrowings" unitRef="BRL" id="Tag869" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,768,017</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="BRL" id="Tag5860" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,552,760</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="BRL" id="Tag2296" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,993,254</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>1</span> to <span>2</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanOneYearAndNotLaterThanTwoYearsMember" name="ifrs-full:LongtermBorrowings" unitRef="BRL" id="Tag2231" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,261,425</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LaterThanOneYearAndNotLaterThanTwoYearsMember" name="ifrs-full:LongtermBorrowings" unitRef="BRL" id="Tag937" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,879,412</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>2</span> to <span>3</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" name="ifrs-full:LongtermBorrowings" unitRef="BRL" id="Tag2259" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,611,526</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" name="ifrs-full:LongtermBorrowings" unitRef="BRL" id="Tag2054" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,243,967</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>3</span> to <span>4</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanThreeYearsAndNotLaterThanFourYearsMember" name="ifrs-full:LongtermBorrowings" unitRef="BRL" id="Tag2273" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,062,967</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LaterThanThreeYearsAndNotLaterThanFourYearsMember" name="ifrs-full:LongtermBorrowings" unitRef="BRL" id="Tag2072" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,023,820</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4</span> to <span>5</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanFourYearsAndNotLaterThanFiveYearsMember" name="ifrs-full:LongtermBorrowings" unitRef="BRL" id="Tag978" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,437,398</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LaterThanFourYearsAndNotLaterThanFiveYearsMember" name="ifrs-full:LongtermBorrowings" unitRef="BRL" id="Tag2048" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,691,595</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> More than <span>5</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanFiveYearsMember" name="ifrs-full:LongtermBorrowings" unitRef="BRL" id="Tag2186" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,376,034</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LaterThanFiveYearsMember" name="ifrs-full:LongtermBorrowings" unitRef="BRL" id="Tag5853" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,935,969</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:LongtermBorrowings" unitRef="BRL" id="Tag898" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,749,350</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:LongtermBorrowings" unitRef="BRL" id="Tag929" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,774,763</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr> </tbody> </table> </ix:nonNumeric>
<p style="margin: 0pt; line-height: 1.2;"><br/></p>
<div>
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml">
<div id="t_ft_G713Q87K0000000000000000000000b">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-50</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<div xmlns="http://www.w3.org/1999/xhtml" id="t_ft_2Q2P1SM7DS00000000000000000000b">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div>
<p xmlns="http://www.w3.org/1999/xhtml" style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><br/></p> </ix:exclude> </div>
<div id="t_ft_K0PWRK984W00000000000000000000b">
<table style="width: 100%; margin: 0px; height: 32px; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr style="height: 16px;">
<td style="width: 3%; height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(*) </span></td>
<td style="width: 97%; height: 16px; vertical-align: top;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote40" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">Accumulated losses (see Note <span style="border-left: none; border-right: none;"><span>2</span></span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;"><span style="border-left: none; border-right: none;"><span>5</span></span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">.f).</span></ix:footnote></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(**) </span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote39" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">Considers a protection instrument for a notional amount of US$ <ix:nonFraction contextRef="I20241231_Loan1Member" name="ifrs-full:NotionalAmount" unitRef="USD" id="Tag2262" decimals="-6" scale="6" format="ixt:num-dot-decimal">300</ix:nonFraction> million. Does not include the result of financial investments in</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;"> dollars used as a natural hedge to the amount without protection instrument</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">.</span></ix:footnote></span></td> </tr> </tbody> </table> </div>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p>
<ix:nonNumeric contextRef="D20241231" name="ugp:SummaryOfChangesInLoansDebenturesAndDerivativesTableTextBlock" id="Tag5390" escape="true">
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The changes in loans, financing, debentures and derivative financial instruments are shown below:</span> <br/></p>
<div id="t_ft_KALH0GPBWW00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 415px; width: 100.001%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 89%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2021 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20211231" name="ifrs-full:Borrowings" unitRef="BRL" id="Tag306" decimals="-3" scale="3" format="ixt:num-dot-decimal">16,377,643</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> New loans </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ugp:AdditionsLoansAndDebenturesWithCashEffect" unitRef="BRL" id="Tag2274" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,519,580</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest accrued </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ugp:LoandsAndDebenturesInterestAccrued" unitRef="BRL" id="Tag2065" decimals="-3" scale="3" format="ixt:num-dot-decimal">945,023</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Principal payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ugp:PrincipalPaymentAndFinancialLeases" unitRef="BRL" id="Tag2238" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,848,611</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ugp:LoansAndDebenturesInterestPayment" unitRef="BRL" id="Tag2182" decimals="-3" scale="3" format="ixt:num-dot-decimal">914,979</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Monetary variantions and foreign variations </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ugp:LoansAndDebenturesMonetaryAndExchangeRateVariation" unitRef="BRL" id="Tag961" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">587,064</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Change in fair value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ugp:LoansAndDeBenturesChangeInFairValue" unitRef="BRL" id="Tag2093" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">68,366</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Hedge result </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ugp:IncreaseDecreaseThroughNetHedgeDifferencesLoansAndBorrowings" unitRef="BRL" id="Tag938" decimals="-3" scale="3" format="ixt:num-dot-decimal">327,135</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20221231" name="ifrs-full:Borrowings" unitRef="BRL" id="Tag523" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,750,361</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> New loans </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:AdditionsLoansAndDebenturesWithCashEffect" unitRef="BRL" id="Tag955" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,903,031</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest accrued </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:LoandsAndDebenturesInterestAccrued" unitRef="BRL" id="Tag5856" decimals="-3" scale="3" format="ixt:num-dot-decimal">761,052</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Principal payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:PrincipalPaymentAndFinancialLeases" unitRef="BRL" id="Tag973" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,149,525</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:LoansAndDebenturesInterestPayment" unitRef="BRL" id="Tag2258" decimals="-3" scale="3" format="ixt:num-dot-decimal">742,724</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Monetary variations and foreign exchange variations </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:LoansAndDebenturesMonetaryAndExchangeRateVariation" unitRef="BRL" id="Tag2223" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">319,488</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Change in fair value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:LoansAndDeBenturesChangeInFairValue" unitRef="BRL" id="Tag873" decimals="-3" scale="3" format="ixt:num-dot-decimal">351,560</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Hedge result </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:IncreaseDecreaseThroughNetHedgeDifferencesLoansAndBorrowings" unitRef="BRL" id="Tag2011" decimals="-3" scale="3" format="ixt:num-dot-decimal">102,422</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Balance of acquired company (see Note <span>27</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:IncreaseDecreaseThroughBalanceOfAcquiredCompany" unitRef="BRL" id="Tag2204" decimals="-3" scale="3" format="ixt:num-dot-decimal">111,328</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:Borrowings" unitRef="BRL" id="Tag980" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,768,017</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> New loans </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ugp:AdditionsLoansAndDebenturesWithCashEffect" unitRef="BRL" id="Tag2166" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,179,974</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest accrued </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ugp:LoandsAndDebenturesInterestAccrued" unitRef="BRL" id="Tag2055" decimals="-3" scale="3" format="ixt:num-dot-decimal">846,329</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Principal payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ugp:PrincipalPaymentAndFinancialLeases" unitRef="BRL" id="Tag2052" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,718,953</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ugp:LoansAndDebenturesInterestPayment" unitRef="BRL" id="Tag983" decimals="-3" scale="3" format="ixt:num-dot-decimal">798,653</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Monetary variations and foreign exchange variations </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ugp:LoansAndDebenturesMonetaryAndExchangeRateVariation" unitRef="BRL" id="Tag976" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,675,583</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Change in fair value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ugp:LoansAndDeBenturesChangeInFairValue" unitRef="BRL" id="Tag2246" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">465,053</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Hedge result </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ugp:IncreaseDecreaseThroughNetHedgeDifferencesLoansAndBorrowings" unitRef="BRL" id="Tag934" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">185,134</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:Borrowings" unitRef="BRL" id="Tag2267" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,302,110</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr> </tbody> </table> </div> </ix:nonNumeric>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The transaction costs associated with debt issuance were deducted from the balance of the related liability and recognized in profit or loss according to the effective interest rate method. As of December 31, 2024, the amount recognized in profit or loss was R$ <ix:nonFraction contextRef="I20241231" name="ugp:TransactionCostsFinancialInstruments" unitRef="BRL" id="Tag870" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,928</ix:nonFraction> (R$ <ix:nonFraction contextRef="I20231231" name="ugp:TransactionCostsFinancialInstruments" unitRef="BRL" id="Tag954" decimals="-3" scale="3" format="ixt:num-dot-decimal">19,626</ix:nonFraction> as of December 31, 2023 and R$ <ix:nonFraction contextRef="I20221231" name="ugp:TransactionCostsFinancialInstruments" unitRef="BRL" id="Tag2025" decimals="-3" scale="3" format="ixt:num-dot-decimal">30,420</ix:nonFraction> as of December 31,2022). The balance to be recognized in the next years is R$ <ix:nonFraction contextRef="I20241231" name="ugp:AmountAppropriatedToProfitOrLossInFuture" unitRef="BRL" id="Tag5859" decimals="-3" scale="3" format="ixt:num-dot-decimal">69,914</ix:nonFraction> (R$ <ix:nonFraction contextRef="I20231231" name="ugp:AmountAppropriatedToProfitOrLossInFuture" unitRef="BRL" id="Tag5867" decimals="-3" scale="3" format="ixt:num-dot-decimal">84,516</ix:nonFraction> as of December 31, 2023).</span></span></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 1.2;">
<p style="margin: 9pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; text-indent: 0pt;">b. Guarantees</span></p> </div>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 1.2; margin: 0pt 0pt;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0pt; text-align: justify;">As of December 31, 2024, there was R$ <ix:nonFraction contextRef="I20241231" name="ugp:CollateralFinancingRealGuarantees" unitRef="BRL" id="Tag2185" decimals="-3" scale="3" format="ixt:num-dot-decimal">114,472</ix:nonFraction> in financing that had real guarantees. There was also R$ <ix:nonFraction contextRef="I20241231" name="ugp:GuaranteesDebtors" unitRef="BRL" id="Tag917" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,586,936</ix:nonFraction> (R$ <ix:nonFraction contextRef="I20231231" name="ugp:GuaranteesDebtors" unitRef="BRL" id="Tag5875" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,966,890</ix:nonFraction> as of December 31, 2023) in financing without real guarantees with sureties or promissory notes.</p> </div>
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<p style="margin:0pt"><br/></p>
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<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-51</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
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<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
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<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div> </ix:exclude> </div> </div>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; font-family: 'times new roman', times;"><span style="text-indent: 0pt; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries offer collateral in the form of letters of guarantee for commercial and legal proceedings in the amount of R$ <ix:nonFraction contextRef="I20241231" name="ugp:CollateralAssetsLettersOfCreditOrGuarantees" unitRef="BRL" id="Tag2194" decimals="-3" scale="3" format="ixt:num-dot-decimal">97,947</ix:nonFraction> as of December 31, 2024 (R$ <ix:nonFraction contextRef="I20231231" name="ugp:CollateralAssetsLettersOfCreditOrGuarantees" unitRef="BRL" id="Tag2221" decimals="-3" scale="3" format="ixt:num-dot-decimal">103,600</ix:nonFraction> as of December 31, 2023).</span> </p> </div>
<div style="line-height: 1.2; margin: 9pt 0pt; text-indent: 0pt;">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Subsidiary Ipiranga issues collateral to financial institutions in connection with the amounts payable by some of its customers to such institutions, with maximum future settlements related to these guarantees </span><span style="line-height: inherit;">in</span><span style="line-height: inherit;"> the amount of R$ <ix:nonFraction contextRef="I20241231_IpirangaProdutosdePetroleoSAMember" name="ugp:MaximumPotentialAmountOfFuturePaymentsOnGuarantees" unitRef="BRL" id="Tag886" decimals="-3" scale="3" format="ixt:num-dot-decimal">219,700</ix:nonFraction> (R$ <ix:nonFraction contextRef="I20231231_IpirangaProdutosdePetroleoSAMember" name="ugp:MaximumPotentialAmountOfFuturePaymentsOnGuarantees" unitRef="BRL" id="Tag905" decimals="-3" scale="3" format="ixt:num-dot-decimal">397,152</ix:nonFraction> as of December 31, 2023). If subsidiary Ipiranga is required to make any payment under these collateral arrangements, this subsidiary may recover the amount paid directly from its customers through commercial collection. Until December 31, 2024, subsidiary Ipiranga did not have losses in connection with these collateral arrangements.</span></span></p> </div>
<div style="line-height: 1.2;">
<p style="margin: 9pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Relevant operations contracted in the year</span> </p>
<ix:nonNumeric contextRef="D20241231" name="ugp:SummaryOfOperationsContractedLoansTableTextBlock" id="Tag805" escape="true">
<p style="margin: 0pt 0pt 9pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The main operations contracted in the year are shown below:</span> </p>
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<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Description </span></p> </td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Index/ Currency </span></p> </td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Financial charges </span></p> </td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Hedging instruments </span></p> </td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Issuance date </span></p> </td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Maturity </span></p> </td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Principal </span></p> </td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Principal in R$ </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Remuneration payment </span></p> </td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Nominal amount payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Company </span></p> </td> </tr>
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<td style="padding: 0px 4px; height: 16px; width: 6.96151%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedOneMember_IpirangaProdutosdePetroleoSAMember" name="ugp:LoanDescription" id="Tag2033" escape="false">CDCA</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 6.96151%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedOneMember_IpirangaProdutosdePetroleoSAMember" name="ugp:LoanIndexCurrency" id="Tag5848" escape="false">%DI</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 0.982801%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 6.96151%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OperationsContractedOneMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag2094" decimals="4" scale="-2" format="ixt:num-dot-decimal">108.00</ix:nonFraction>% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 0.982801%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 6.96151%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> N/A </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 0.982801%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 8.02621%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span style="border-right: none; border-left: none;">Jan/24</span> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 0.982801%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 8.02621%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedOneMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsMaturity" id="Tag892" escape="false">Jan/25</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 0.982801%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 8.02621%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ <ix:nonFraction contextRef="I20241231_OperationsContractedOneMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag2257" decimals="-3" scale="3" format="ixt:num-dot-decimal">80,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 0.982801%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 8.02621%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ <ix:nonFraction contextRef="I20241231_OperationsContractedOneMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag2042" decimals="-3" scale="3" format="ixt:num-dot-decimal">80,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 11.9574%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedOneMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag2116" escape="false">Quarterly</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 11.9574%; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedOneMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag945" escape="false">At final maturity</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 9.99181%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedTwoMember_IconicCblsamemberMember" name="ugp:LoanDescription" id="Tag935" escape="false">4131</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedTwoMember_IconicCblsamemberMember" name="ugp:LoanIndexCurrency" id="Tag933" escape="false">EUR</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OperationsContractedTwoMember_IconicCblsamemberMember" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag2304" decimals="4" scale="-2" format="ixt:num-dot-decimal">4.33</ix:nonFraction>% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OperationsContractedTwoMember_IconicCblsamemberMember" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag1054" decimals="3" scale="-2" format="ixt:num-dot-decimal">111.9</ix:nonFraction>% of DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jan/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedTwoMember_IconicCblsamemberMember" name="ifrs-full:BorrowingsMaturity" id="Tag876" escape="false">Jan/25</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> EUR <ix:nonFraction contextRef="I20241231_OperationsContractedTwoMember_IconicCblsamemberMember" name="ifrs-full:NotionalAmount" unitRef="EUR" id="Tag521" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,500</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ <ix:nonFraction contextRef="I20241231_OperationsContractedTwoMember_IconicCblsamemberMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag530" decimals="-3" scale="3" format="ixt:num-dot-decimal">126,195</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedTwoMember_IconicCblsamemberMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag514" escape="false">Semiannually</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedTwoMember_IconicCblsamemberMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag2013" escape="false">At final maturity</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Iconic </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedThreeMember_IpirangaProdutosdePetroleoSAMember" name="ugp:LoanDescription" id="Tag2239" escape="false">CCB</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedThreeMember_IpirangaProdutosdePetroleoSAMember" name="ugp:LoanIndexCurrency" id="Tag2121" escape="false">%DI</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OperationsContractedThreeMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag2266" decimals="4" scale="-2" format="ixt:num-dot-decimal">108.37</ix:nonFraction>% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> N/A </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mar/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedThreeMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsMaturity" id="Tag902" escape="false">Mar/25</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ <ix:nonFraction contextRef="I20241231_OperationsContractedThreeMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag931" decimals="-3" scale="3" format="ixt:num-dot-decimal">500,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ <ix:nonFraction contextRef="I20241231_OperationsContractedThreeMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag928" decimals="-3" scale="3" format="ixt:num-dot-decimal">500,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedThreeMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag2206" escape="false">Annually</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedThreeMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag864" escape="false">At final maturity</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedFourMember_IpirangaProdutosdePetroleoSAMember" name="ugp:LoanDescription" id="Tag871" escape="false">4131</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedFourMember_IpirangaProdutosdePetroleoSAMember" name="ugp:LoanIndexCurrency" id="Tag2301" escape="false">EUR</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OperationsContractedFourMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag863" decimals="4" scale="-2" format="ixt:num-dot-decimal">4.43</ix:nonFraction>% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OperationsContractedFourMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag2310" decimals="3" scale="-2" format="ixt:num-dot-decimal">108.5</ix:nonFraction>% of DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mar/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedFourMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsMaturity" id="Tag2002" escape="false">Mar/25</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> EUR <ix:nonFraction contextRef="I20241231_OperationsContractedFourMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:NotionalAmount" unitRef="EUR" id="Tag2073" decimals="-3" scale="3" format="ixt:num-dot-decimal">46,040</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ <ix:nonFraction contextRef="I20241231_OperationsContractedFourMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag5863" decimals="-3" scale="3" format="ixt:num-dot-decimal">247,099</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedFourMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag924" escape="false">At final maturity</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedFourMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag2059" escape="false">At final maturity</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedFiveMember_UltracargoLogisticaSAMember" name="ugp:LoanDescription" id="Tag2210" escape="false">4131</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedFiveMember_UltracargoLogisticaSAMember" name="ugp:LoanIndexCurrency" id="Tag970" escape="false">JPY</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OperationsContractedFiveMember_UltracargoLogisticaSAMember" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag5865" decimals="4" scale="-2" format="ixt:num-dot-decimal">1.32</ix:nonFraction>% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OperationsContractedFiveMember_UltracargoLogisticaSAMember" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag2242" decimals="3" scale="-2" format="ixt:num-dot-decimal">108.9</ix:nonFraction>% of DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mar/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedFiveMember_UltracargoLogisticaSAMember" name="ifrs-full:BorrowingsMaturity" id="Tag2248" escape="false">Aug/24</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> JPY <ix:nonFraction contextRef="I20241231_OperationsContractedFiveMember_UltracargoLogisticaSAMember" name="ifrs-full:NotionalAmount" unitRef="JPY" id="Tag531" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,760,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ <ix:nonFraction contextRef="I20241231_OperationsContractedFiveMember_UltracargoLogisticaSAMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag2063" decimals="-3" scale="3" format="ixt:num-dot-decimal">123,742</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedFiveMember_UltracargoLogisticaSAMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag927" escape="false">At final maturity</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedFiveMember_UltracargoLogisticaSAMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag522" escape="false">At final maturity</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultracargo Log&#237;stica </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedSixMember_UltracargoLogisticaSAMember" name="ugp:LoanDescription" id="Tag5847" escape="false">4131</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedSixMember_UltracargoLogisticaSAMember" name="ugp:LoanIndexCurrency" id="Tag2115" escape="false">EUR</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OperationsContractedSixMember_UltracargoLogisticaSAMember" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag2228" decimals="4" scale="-2" format="ixt:num-dot-decimal">4.38</ix:nonFraction>% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OperationsContractedSixMember_UltracargoLogisticaSAMember" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag5854" decimals="3" scale="-2" format="ixt:num-dot-decimal">108.5</ix:nonFraction>% of DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mar/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedSixMember_UltracargoLogisticaSAMember" name="ifrs-full:BorrowingsMaturity" id="Tag520" escape="false">Mar/25</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> EUR <ix:nonFraction contextRef="I20241231_OperationsContractedSixMember_UltracargoLogisticaSAMember" name="ifrs-full:NotionalAmount" unitRef="EUR" id="Tag2050" decimals="-3" scale="3" format="ixt:num-dot-decimal">45,977</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ <ix:nonFraction contextRef="I20241231_OperationsContractedSixMember_UltracargoLogisticaSAMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag2037" decimals="-3" scale="3" format="ixt:num-dot-decimal">246,897</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedSixMember_UltracargoLogisticaSAMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag884" escape="false">At final maturity</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedSixMember_UltracargoLogisticaSAMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag2112" escape="false">At final maturity</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultracargo Log&#237;stica </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedSevenMember_IpirangaProdutosdePetroleoSAMember" name="ugp:LoanDescription" id="Tag2308" escape="false">CCB</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedSevenMember_IpirangaProdutosdePetroleoSAMember" name="ugp:LoanIndexCurrency" id="Tag513" escape="false">%DI</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OperationsContractedSevenMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag957" decimals="4" scale="-2" format="ixt:num-dot-decimal">108.37</ix:nonFraction>% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> N/A </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Apr/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedSevenMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsMaturity" id="Tag2015" escape="false">Apr/26</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ <ix:nonFraction contextRef="I20241231_OperationsContractedSevenMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag2284" decimals="-3" scale="3" format="ixt:num-dot-decimal">500,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ <ix:nonFraction contextRef="I20241231_OperationsContractedSevenMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag944" decimals="-3" scale="3" format="ixt:num-dot-decimal">500,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedSevenMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag2190" escape="false">Annually</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedSevenMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag950" escape="false">At final maturity</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedEightMember_IconicCblsamemberMember" name="ugp:LoanDescription" id="Tag2250" escape="false">4131</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedEightMember_IconicCblsamemberMember" name="ugp:LoanIndexCurrency" id="Tag2251" escape="false">USD</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OperationsContractedEightMember_IconicCblsamemberMember" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag952" decimals="4" scale="-2" format="ixt:num-dot-decimal">6.11</ix:nonFraction>% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OperationsContractedEightMember_IconicCblsamemberMember" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag942" decimals="3" scale="-2" format="ixt:num-dot-decimal">112.4</ix:nonFraction>% of DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Apr/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedEightMember_IconicCblsamemberMember" name="ifrs-full:BorrowingsMaturity" id="Tag2165" escape="false">Apr/25</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD <ix:nonFraction contextRef="I20241231_OperationsContractedEightMember_IconicCblsamemberMember" name="ifrs-full:NotionalAmount" unitRef="USD" id="Tag2203" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,728</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ <ix:nonFraction contextRef="I20241231_OperationsContractedEightMember_IconicCblsamemberMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag2030" decimals="-3" scale="3" format="ixt:num-dot-decimal">48,601</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedEightMember_IconicCblsamemberMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag5850" escape="false">Semiannually</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedEightMember_IconicCblsamemberMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag964" escape="false">At final maturity</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Iconic </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedNineMember_IpirangaProdutosdePetroleoSAMember" name="ugp:LoanDescription" id="Tag2082" escape="false">CDCA</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedNineMember_IpirangaProdutosdePetroleoSAMember" name="ugp:LoanIndexCurrency" id="Tag2303" escape="false">DI +</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OperationsContractedNineMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag5845" decimals="4" scale="-2" format="ixt:num-dot-decimal">0.92</ix:nonFraction>% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> N/A </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> May/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedNineMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsMaturity" id="Tag5868" escape="false">Apr/27</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ <ix:nonFraction contextRef="I20241231_OperationsContractedNineMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag894" decimals="-3" scale="3" format="ixt:num-dot-decimal">500,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ <ix:nonFraction contextRef="I20241231_OperationsContractedNineMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag2300" decimals="-3" scale="3" format="ixt:num-dot-decimal">500,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedNineMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag5844" escape="false">Annually</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedNineMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag900" escape="false">At final maturity</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedTenMember_UltracargoLogisticaSAMember" name="ugp:LoanDescription" id="Tag2212" escape="false">4131</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedTenMember_UltracargoLogisticaSAMember" name="ugp:LoanIndexCurrency" id="Tag2245" escape="false">JPY</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OperationsContractedTenMember_UltracargoLogisticaSAMember" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag2286" decimals="4" scale="-2" format="ixt:num-dot-decimal">1.44</ix:nonFraction>% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OperationsContractedTenMember_UltracargoLogisticaSAMember" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag2265" decimals="3" scale="-2" format="ixt:num-dot-decimal">108.1</ix:nonFraction>% of DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> May/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedTenMember_UltracargoLogisticaSAMember" name="ifrs-full:BorrowingsMaturity" id="Tag963" escape="false">Oct/24</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> JPY <ix:nonFraction contextRef="I20241231_OperationsContractedTenMember_UltracargoLogisticaSAMember" name="ifrs-full:NotionalAmount" unitRef="JPY" id="Tag2213" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,530,077</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ <ix:nonFraction contextRef="I20241231_OperationsContractedTenMember_UltracargoLogisticaSAMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag940" decimals="-3" scale="3" format="ixt:num-dot-decimal">258,500</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedTenMember_UltracargoLogisticaSAMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag2114" escape="false">At final maturity</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedTenMember_UltracargoLogisticaSAMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag2191" escape="false">At final maturity</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultracargo Log&#237;stica </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedElevenMember_IpirangaProdutosdePetroleoSAMember" name="ugp:LoanDescription" id="Tag2058" escape="false">CDCA</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedElevenMember_IpirangaProdutosdePetroleoSAMember" name="ugp:LoanIndexCurrency" id="Tag948" escape="false">%DI</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OperationsContractedElevenMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag5841" decimals="4" scale="-2" format="ixt:num-dot-decimal">109.00</ix:nonFraction>% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> N/A </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jun/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedElevenMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsMaturity" id="Tag910" escape="false">Apr/27</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ <ix:nonFraction contextRef="I20241231_OperationsContractedElevenMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag2243" decimals="-3" scale="3" format="ixt:num-dot-decimal">200,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ <ix:nonFraction contextRef="I20241231_OperationsContractedElevenMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag974" decimals="-3" scale="3" format="ixt:num-dot-decimal">200,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedElevenMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag5858" escape="false">Quarterly</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><ix:nonNumeric contextRef="D20241231_OperationsContractedElevenMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag5864" escape="false">2026 and 2027</ix:nonNumeric></span></span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedTwelveMember_CiaUltragazMember" name="ugp:LoanDescription" id="Tag882" escape="false">Debentures</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedTwelveMember_CiaUltragazMember" name="ugp:LoanIndexCurrency" id="Tag2255" escape="false">CDI</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OperationsContractedTwelveMember_CiaUltragazMember" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag960" decimals="4" scale="-2" format="ixt:num-dot-decimal">0.65</ix:nonFraction>% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> N/A </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jul/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedTwelveMember_CiaUltragazMember" name="ifrs-full:BorrowingsMaturity" id="Tag2224" escape="false">Jul/27</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ <ix:nonFraction contextRef="I20241231_OperationsContractedTwelveMember_CiaUltragazMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag5869" decimals="-3" scale="3" format="ixt:num-dot-decimal">455,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ <ix:nonFraction contextRef="I20241231_OperationsContractedTwelveMember_CiaUltragazMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag907" decimals="-3" scale="3" format="ixt:num-dot-decimal">455,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedTwelveMember_CiaUltragazMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag2053" escape="false">Semiannually</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedTwelveMember_CiaUltragazMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag2305" escape="false">At final maturity</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cia Ultragaz </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedThirteenMember_CiaUltragazMember" name="ugp:LoanDescription" id="Tag2064" escape="false">Debentures</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedThirteenMember_CiaUltragazMember" name="ugp:LoanIndexCurrency" id="Tag5849" escape="false">CDI</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OperationsContractedThirteenMember_CiaUltragazMember" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag2247" decimals="4" scale="-2" format="ixt:num-dot-decimal">0.90</ix:nonFraction>% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> N/A </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jul/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedThirteenMember_CiaUltragazMember" name="ifrs-full:BorrowingsMaturity" id="Tag4262" escape="false">Jul/29</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ <ix:nonFraction contextRef="I20241231_OperationsContractedThirteenMember_CiaUltragazMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag984" decimals="-3" scale="3" format="ixt:num-dot-decimal">245,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ <ix:nonFraction contextRef="I20241231_OperationsContractedThirteenMember_CiaUltragazMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag5851" decimals="-3" scale="3" format="ixt:num-dot-decimal">245,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedThirteenMember_CiaUltragazMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag2049" escape="false">Semiannually</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedThirteenMember_CiaUltragazMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag877" escape="false">At final maturity</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cia Ultragaz </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedFourteenMember_UltracargoLogisticaSAMember" name="ugp:LoanDescription" id="Tag2298" escape="false">Debentures</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedFourteenMember_UltracargoLogisticaSAMember" name="ugp:LoanIndexCurrency" id="Tag899" escape="false">IPCA</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OperationsContractedFourteenMember_UltracargoLogisticaSAMember" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag896" decimals="4" scale="-2" format="ixt:num-dot-decimal">6.28</ix:nonFraction>% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> N/A </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Aug/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedFourteenMember_UltracargoLogisticaSAMember" name="ifrs-full:BorrowingsMaturity" id="Tag2076" escape="false">Jun/34</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ <ix:nonFraction contextRef="I20241231_OperationsContractedFourteenMember_UltracargoLogisticaSAMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag2307" decimals="-3" scale="3" format="ixt:num-dot-decimal">80,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ <ix:nonFraction contextRef="I20241231_OperationsContractedFourteenMember_UltracargoLogisticaSAMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag2275" decimals="-3" scale="3" format="ixt:num-dot-decimal">80,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedFourteenMember_UltracargoLogisticaSAMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag2256" escape="false">Semiannually</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedFourteenMember_UltracargoLogisticaSAMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag943" escape="false">At final maturity</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultracargo Log&#237;stica </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedFifteenMember_SerraDieselMember" name="ugp:LoanDescription" id="Tag2220" escape="false">4131</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedFifteenMember_SerraDieselMember" name="ugp:LoanIndexCurrency" id="Tag2279" escape="false">SOFR</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OperationsContractedFifteenMember_SerraDieselMember" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag977" decimals="4" scale="-2" format="ixt:num-dot-decimal">1.29</ix:nonFraction>% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OperationsContractedFifteenMember_SerraDieselMember" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag5839" decimals="3" scale="-2" format="ixt:num-dot-decimal">112.5</ix:nonFraction>% of DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Sept/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedFifteenMember_SerraDieselMember" name="ifrs-full:BorrowingsMaturity" id="Tag911" escape="false">Sept/25</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD <ix:nonFraction contextRef="I20241231_OperationsContractedFifteenMember_SerraDieselMember" name="ifrs-full:NotionalAmount" unitRef="USD" id="Tag2009" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,535</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ <ix:nonFraction contextRef="I20241231_OperationsContractedFifteenMember_SerraDieselMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag515" decimals="-3" scale="3" format="ixt:num-dot-decimal">25,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedFifteenMember_SerraDieselMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag525" escape="false">Quarterly</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedFifteenMember_SerraDieselMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag518" escape="false">At final maturity</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Serra Diesel </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedSixteenMember_IconicCblsamemberMember" name="ugp:LoanDescription" id="Tag533" escape="false">CCB</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedSixteenMember_IconicCblsamemberMember" name="ugp:LoanIndexCurrency" id="Tag532" escape="false">%DI</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OperationsContractedSixteenMember_IconicCblsamemberMember" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag2071" decimals="4" scale="-2" format="ixt:num-dot-decimal">103.00</ix:nonFraction>% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> N/A </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Nov/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedSixteenMember_IconicCblsamemberMember" name="ifrs-full:BorrowingsMaturity" id="Tag875" escape="false">Nov/25</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ <ix:nonFraction contextRef="I20241231_OperationsContractedSixteenMember_IconicCblsamemberMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag2287" decimals="-3" scale="3" format="ixt:num-dot-decimal">370,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ <ix:nonFraction contextRef="I20241231_OperationsContractedSixteenMember_IconicCblsamemberMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag915" decimals="-3" scale="3" format="ixt:num-dot-decimal">370,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedSixteenMember_IconicCblsamemberMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag913" escape="false">At final maturity</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedSixteenMember_IconicCblsamemberMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag2240" escape="false">At final maturity</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Iconic </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedSeventeenMember_UltracargoLogisticaSAMember" name="ugp:LoanDescription" id="Tag2087" escape="false">FNE</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedSeventeenMember_UltracargoLogisticaSAMember" name="ugp:LoanIndexCurrency" id="Tag2264" escape="false">IPCA</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OperationsContractedSeventeenMember_UltracargoLogisticaSAMember" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag2237" decimals="4" scale="-2" format="ixt:num-dot-decimal">2.93</ix:nonFraction>% </span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OperationsContractedSeventeenMember_UltracargoLogisticaSAMember" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag2047" decimals="3" scale="-2" format="ixt:num-dot-decimal">69.5</ix:nonFraction>% of DI </span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Dec/24 </span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedSeventeenMember_UltracargoLogisticaSAMember" name="ifrs-full:BorrowingsMaturity" id="Tag2040" escape="false">Nov/41</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ <ix:nonFraction contextRef="I20241231_OperationsContractedSeventeenMember_UltracargoLogisticaSAMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag2299" decimals="-3" scale="3" format="ixt:num-dot-decimal">151,464</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ <ix:nonFraction contextRef="I20241231_OperationsContractedSeventeenMember_UltracargoLogisticaSAMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag2306" decimals="-3" scale="3" format="ixt:num-dot-decimal">151,464</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_OperationsContractedSeventeenMember_UltracargoLogisticaSAMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag5843" escape="false">Monthly with grace period</ix:nonNumeric> </span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><ix:nonNumeric contextRef="D20241231_OperationsContractedSeventeenMember_UltracargoLogisticaSAMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag2018" escape="false">2028 to 2041</ix:nonNumeric></span></span></span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultracargo Log&#237;stica </span></p> </td> </tr> </tbody> </table> </div> </ix:nonNumeric>
<div>
<div id="t_ft_JXD350933400000000000000000000b">
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml">
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<p style="margin:0pt"><br/></p>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
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<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-52</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
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<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
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<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div> </ix:exclude> </div> </div> </div>
<div style="line-height: 1.2;">
<p style="margin: 9pt 0pt; line-height: 1.2; text-indent: 0pt; font-family: 'times new roman', times;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; line-height: inherit;">d. Debentures</span> </p>
<p style="margin: 9pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Refers to funds raised by Company and its subsidiaries used, substantially, on the ordinary course of its business.</span> </p>
<ix:nonNumeric contextRef="D20241231" name="ugp:SummaryOfDebenturesTableTextBlock" id="Tag5579" escape="true">
<table cellspacing="0" cellpadding="0" style="height: 160px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.88235%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Issuance date </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 8.5%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Nature </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Company </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 11.0294%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Issuing company </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.88235%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Issuance </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Series </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 6%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Maturity </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.20588%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Principal </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.41176%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Original remuneration </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 11.4706%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Hedge instrument/swap </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.85294%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Remuneration payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 6.76471%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Nominal amount payment </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Apr/17 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ipiranga Prod. De Petr&#243;leo S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Eco Consult - Consultoria de Oper. Financ. Agropecu&#225;rias Ltda. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>5</span><span style="font-size: 8pt;"><sup>th</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>2</span><span style="font-size: 8pt;"><sup>nd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureOneMember_DebenturesFifthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsMaturity" id="Tag919" escape="false">Apr/24 </ix:nonNumeric></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DebentureOneMember_IpirangaProdutosdePetroleoSAMember_DebenturesFifthIssueMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag5855" decimals="-3" scale="3" format="ixt:num-dot-decimal">352,361</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231_DebentureOneMember_DebenturesFifthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsInterestRateBasis" id="Tag2079" escape="false">IPCA + 4.68%</ix:nonNumeric></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;"><ix:nonFraction contextRef="I20241231_DebentureOneMember_IpirangaProdutosdePetroleoSAMember_DebenturesFifthIssueMember" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag2003" decimals="3" scale="-2" format="ixt:num-dot-decimal">93.9</ix:nonFraction>% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureOneMember_DebenturesFifthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag5846" escape="false">Annually</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureOneMember_DebenturesFifthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag2260" escape="false">At maturity</ix:nonNumeric> </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Oct/17 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ipiranga Prod. De Petr&#243;leo S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Vert Companhia Securitizadora </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>7</span><span style="font-size: 8pt;"><sup>th</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>2</span><span style="font-size: 8pt;"><sup>nd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureTwoMember_DebenturesSeventhIssueMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsMaturity" id="Tag2080" escape="false">Oct/24</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DebentureTwoMember_IpirangaProdutosdePetroleoSAMember_DebenturesSeventhIssueMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag946" decimals="-3" scale="3" format="ixt:num-dot-decimal">213,693</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231_DebentureTwoMember_DebenturesSeventhIssueMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsInterestRateBasis" id="Tag2051" escape="false">IPCA + 4.34%</ix:nonNumeric></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;"><ix:nonFraction contextRef="I20241231_DebentureTwoMember_IpirangaProdutosdePetroleoSAMember_DebenturesSeventhIssueMember" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag527" decimals="3" scale="-2" format="ixt:num-dot-decimal">97.3</ix:nonFraction>% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureTwoMember_DebenturesSeventhIssueMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag926" escape="false">Annually</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureTwoMember_DebenturesSeventhIssueMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag2028" escape="false">At final maturity</ix:nonNumeric> </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Dec/18 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ipiranga Prod. De Petr&#243;leo S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Vert Companhia Securitizadora </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>8</span><span style="font-size: 8pt;"><sup>th</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>2</span><span style="font-size: 8pt;"><sup>nd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureThreeMember_DebenturesEighthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsMaturity" id="Tag2086" escape="false">Dec/25</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DebentureThreeMember_IpirangaProdutosdePetroleoSAMember_DebenturesEighthIssueMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag972" decimals="-3" scale="3" format="ixt:num-dot-decimal">240,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231_DebentureThreeMember_DebenturesEighthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsInterestRateBasis" id="Tag2038" escape="false">IPCA + 4.61%</ix:nonNumeric></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;"><ix:nonFraction contextRef="I20241231_DebentureThreeMember_IpirangaProdutosdePetroleoSAMember_DebenturesEighthIssueMember" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag2044" decimals="3" scale="-2" format="ixt:num-dot-decimal">97.1</ix:nonFraction>% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureThreeMember_DebenturesEighthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag986" escape="false">Annually</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureThreeMember_DebenturesEighthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag2023" escape="false">At final maturity</ix:nonNumeric> </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Nov/19 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ultracargo Logistica S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>1</span><span style="font-size: 8pt;"><sup>st</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Single </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureFourMember_DebenturesFirstIssueMember_UltracargoLogisticaSAMember" name="ifrs-full:BorrowingsMaturity" id="Tag5418" escape="false">Nov/24</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DebentureFourMember_UltracargoLogisticaSAMember_DebenturesFirstIssueMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag2205" decimals="-3" scale="3" format="ixt:num-dot-decimal">90,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureFourMember_DebenturesFirstIssueMember_UltracargoLogisticaSAMember" name="ifrs-full:BorrowingsInterestRateBasis" id="Tag524" escape="false">6.47%</ix:nonNumeric></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;"><ix:nonFraction contextRef="I20241231_DebentureFourMember_UltracargoLogisticaSAMember_DebenturesFirstIssueMember" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag2211" decimals="4" scale="-2" format="ixt:num-dot-decimal">99.94</ix:nonFraction>% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureFourMember_DebenturesFirstIssueMember_UltracargoLogisticaSAMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag981" escape="false">Semiannually</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureFourMember_DebenturesFirstIssueMember_UltracargoLogisticaSAMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag2120" escape="false">At final maturity</ix:nonNumeric> </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Mar/21 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ultracargo Solu&#231;&#245;es Log&#237;sticas S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>1</span><span style="font-size: 8pt;"><sup>st</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Single </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureFiveMember_DebenturesFirstIssueMember_UltracargoSolucoesLogisticaSAMember" name="ifrs-full:BorrowingsMaturity" id="Tag2281" escape="false">Mar/28</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DebentureFiveMember_DebenturesFirstIssueMember_UltracargoSolucoesLogisticaSAMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag2089" decimals="-3" scale="3" format="ixt:num-dot-decimal">360,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231_DebentureFiveMember_DebenturesFirstIssueMember_UltracargoSolucoesLogisticaSAMember" name="ifrs-full:BorrowingsInterestRateBasis" id="Tag906" escape="false">IPCA + 4.04%</ix:nonNumeric></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;"><ix:nonFraction contextRef="I20241231_DebentureFiveMember_DebenturesFirstIssueMember_UltracargoSolucoesLogisticaSAMember" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag2085" decimals="3" scale="-2" format="ixt:num-dot-decimal">111.4</ix:nonFraction>% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureFiveMember_DebenturesFirstIssueMember_UltracargoSolucoesLogisticaSAMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag5838" escape="false">Semiannually</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureFiveMember_DebenturesFirstIssueMember_UltracargoSolucoesLogisticaSAMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag2045" escape="false">At final maturity</ix:nonNumeric> </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Mar/21 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ultracargo Logistica S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>2</span><span style="font-size: 8pt;"><sup>nd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Single </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureSixMember_DebenturesSecondIssueMember_UltracargoLogisticaSAMember" name="ifrs-full:BorrowingsMaturity" id="Tag2244" escape="false">Mar/28</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DebentureSixMember_UltracargoLogisticaSAMember_DebenturesSecondIssueMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag2067" decimals="-3" scale="3" format="ixt:num-dot-decimal">100,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231_DebentureSixMember_DebenturesSecondIssueMember_UltracargoLogisticaSAMember" name="ifrs-full:BorrowingsInterestRateBasis" id="Tag923" escape="false">IPCA + 4.37%</ix:nonNumeric></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;"><ix:nonFraction contextRef="I20241231_DebentureSixMember_UltracargoLogisticaSAMember_DebenturesSecondIssueMember" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag5872" decimals="3" scale="-2" format="ixt:num-dot-decimal">111.4</ix:nonFraction>% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureSixMember_DebenturesSecondIssueMember_UltracargoLogisticaSAMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag2276" escape="false">Semiannually</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureSixMember_DebenturesSecondIssueMember_UltracargoLogisticaSAMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag2092" escape="false">At final maturity</ix:nonNumeric> </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Sept/21 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ipiranga Prod. De Petr&#243;leo S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Vert Companhia Securitizadora </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>10</span><span style="font-size: 8pt;"><sup>th</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Single </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureSevenMember_DebenturesTenthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsMaturity" id="Tag888" escape="false">Sept/28</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DebentureSevenMember_IpirangaProdutosdePetroleoSAMember_DebenturesTenthIssueMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag519" decimals="-3" scale="3" format="ixt:num-dot-decimal">960,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231_DebentureSevenMember_DebenturesTenthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsInterestRateBasis" id="Tag5866" escape="false">IPCA&#160; + 4.8287%</ix:nonNumeric></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;"><ix:nonFraction contextRef="I20241231_DebentureSevenMember_IpirangaProdutosdePetroleoSAMember_DebenturesTenthIssueMember" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag951" decimals="4" scale="-2" format="ixt:num-dot-decimal">102.75</ix:nonFraction>% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureSevenMember_DebenturesTenthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag2192" escape="false">Semiannually</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureSevenMember_DebenturesTenthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag956" escape="false">At final maturity</ix:nonNumeric> </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jun/22 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ipiranga Prod. De Petr&#243;leo S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Vert Companhia Securitizadora </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>11</span><span style="font-size: 8pt;"><sup>th</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Single </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureEightMember_DebenturesEleventhIssueMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsMaturity" id="Tag930" escape="false">Jun/32</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DebentureEightMember_IpirangaProdutosdePetroleoSAMember_DebenturesEleventhIssueMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag5417" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,000,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231_DebentureEightMember_DebenturesEleventhIssueMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsInterestRateBasis" id="Tag5870" escape="false">IPCA + 6.0053%</ix:nonNumeric></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;"><ix:nonFraction contextRef="I20241231_DebentureEightMember_IpirangaProdutosdePetroleoSAMember_DebenturesEleventhIssueMember" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag922" decimals="3" scale="-2" format="ixt:num-dot-decimal">104.8</ix:nonFraction>% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureEightMember_DebenturesEleventhIssueMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag962" escape="false">Semiannually</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231_DebentureEightMember_DebenturesEleventhIssueMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag2024" escape="false">Annual from the 8<sup>th</sup> year</ix:nonNumeric></span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jun/23 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ipiranga Prod. De Petr&#243;leo S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Vert Companhia Securitizadora </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>12</span><span style="font-size: 8pt;"><sup>th</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>1</span><span style="font-size: 8pt;"><sup>st</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureNineMember_DebenturesTwelthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsMaturity" id="Tag2026" escape="false">Jun/27</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DebentureNineMember_IpirangaProdutosdePetroleoSAMember_DebenturesTwelthIssueMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag2062" decimals="-3" scale="3" format="ixt:num-dot-decimal">325,791</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><ix:nonNumeric contextRef="D20241231_DebentureNineMember_DebenturesTwelthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsInterestRateBasis" id="Tag2188" escape="false">11.17% p.a.</ix:nonNumeric></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;"><ix:nonFraction contextRef="I20241231_DebentureNineMember_IpirangaProdutosdePetroleoSAMember_DebenturesTwelthIssueMember" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag5862" decimals="3" scale="-2" format="ixt:num-dot-decimal">105.1</ix:nonFraction>% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureNineMember_DebenturesTwelthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag891" escape="false">Quarterly</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureNineMember_DebenturesTwelthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag2183" escape="false">At final maturity</ix:nonNumeric> </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jun/23 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ipiranga Prod. De Petr&#243;leo S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Vert Companhia Securitizadora </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>12</span><span style="font-size: 8pt;"><sup>th</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>2</span><span style="font-size: 8pt;"><sup>nd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureTenMember_DebenturesTwelthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsMaturity" id="Tag867" escape="false">Jun/27</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DebentureTenMember_IpirangaProdutosdePetroleoSAMember_DebenturesTwelthIssueMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag914" decimals="-3" scale="3" format="ixt:num-dot-decimal">292,209</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231_DebentureTenMember_DebenturesTwelthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsInterestRateBasis" id="Tag878" escape="false">DI + 0.70% p.a.</ix:nonNumeric></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><ix:nonFraction contextRef="I20241231_DebentureTenMember_IpirangaProdutosdePetroleoSAMember_DebenturesTwelthIssueMember" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag296" decimals="2" scale="-2" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureTenMember_DebenturesTwelthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag939" escape="false">Quarterly</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureTenMember_DebenturesTwelthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag2008" escape="false">At final maturity</ix:nonNumeric> </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jul/23 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ipiranga Prod. De Petr&#243;leo S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Vert Companhia Securitizadora </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>13</span><span style="font-size: 8pt;"><sup>th</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>1</span><span style="font-size: 8pt;"><sup>st</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureElevenMember_DebenturesThirteenthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsMaturity" id="Tag2215" escape="false">Jul/27</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DebentureElevenMember_IpirangaProdutosdePetroleoSAMember_DebenturesThirteenthIssueMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag918" decimals="-3" scale="3" format="ixt:num-dot-decimal">200,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureElevenMember_DebenturesThirteenthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsInterestRateBasis" id="Tag916" escape="false">11.17% p.a.</ix:nonNumeric></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;"><ix:nonFraction contextRef="I20241231_DebentureElevenMember_IpirangaProdutosdePetroleoSAMember_DebenturesThirteenthIssueMember" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag872" decimals="3" scale="-2" format="ixt:num-dot-decimal">102.9</ix:nonFraction>% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureElevenMember_DebenturesThirteenthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag2019" escape="false">Quarterly</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureElevenMember_DebenturesThirteenthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag5857" escape="false">At final maturity</ix:nonNumeric> </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jul/23 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ipiranga Prod. De Petr&#243;leo S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Vert Companhia Securitizadora </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>13</span><span style="font-size: 8pt;"><sup>th</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>2</span><span style="font-size: 8pt;"><sup>nd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureTwelveMember_DebenturesThirteenthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsMaturity" id="Tag921" escape="false">Jul/27</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DebentureTwelveMember_IpirangaProdutosdePetroleoSAMember_DebenturesThirteenthIssueMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag2117" decimals="-3" scale="3" format="ixt:num-dot-decimal">200,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231_DebentureTwelveMember_DebenturesThirteenthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ifrs-full:BorrowingsInterestRateBasis" id="Tag517" escape="false">DI + 0.70% p.a.</ix:nonNumeric></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><ix:nonFraction contextRef="I20241231_DebentureTwelveMember_IpirangaProdutosdePetroleoSAMember_DebenturesThirteenthIssueMember" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag2006" decimals="2" scale="-2" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureTwelveMember_DebenturesThirteenthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag2036" escape="false">Quarterly</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureTwelveMember_DebenturesThirteenthIssueMember_IpirangaProdutosdePetroleoSAMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag979" escape="false">At final maturity</ix:nonNumeric> </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jul/24 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Companhia Ultragaz S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>2</span><span style="font-size: 8pt;"><sup>nd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>1</span><span style="font-size: 8pt;"><sup>st</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureThirteenMember_DebenturesSecondIssueMember_CompanhiaUltragazMember" name="ifrs-full:BorrowingsMaturity" id="Tag2208" escape="false">Jul/27</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DebentureThirteenMember_DebenturesSecondIssueMember_CompanhiaUltragazMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag5861" decimals="-3" scale="3" format="ixt:num-dot-decimal">455,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231_DebentureThirteenMember_DebenturesSecondIssueMember_CompanhiaUltragazMember" name="ifrs-full:BorrowingsInterestRateBasis" id="Tag2268" escape="false">DI + 0.65% p.a.</ix:nonNumeric></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><ix:nonFraction contextRef="I20241231_DebentureThirteenMember_DebenturesSecondIssueMember_CompanhiaUltragazMember" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag2170" decimals="2" scale="-2" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureThirteenMember_DebenturesSecondIssueMember_CompanhiaUltragazMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag953" escape="false">Semiannually</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureThirteenMember_DebenturesSecondIssueMember_CompanhiaUltragazMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag895" escape="false">At final maturity</ix:nonNumeric> </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jul/24 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Companhia Ultragaz S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>2</span><span style="font-size: 8pt;"><sup>nd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>2</span><span style="font-size: 8pt;"><sup>nd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureFourteenMember_DebenturesSecondIssueMember_CompanhiaUltragazMember" name="ifrs-full:BorrowingsMaturity" id="Tag2017" escape="false">Jul/29</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DebentureFourteenMember_DebenturesSecondIssueMember_CompanhiaUltragazMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag2039" decimals="-3" scale="3" format="ixt:num-dot-decimal">245,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231_DebentureFourteenMember_DebenturesSecondIssueMember_CompanhiaUltragazMember" name="ifrs-full:BorrowingsInterestRateBasis" id="Tag516" escape="false">DI + 0.90% p.a.</ix:nonNumeric></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><ix:nonFraction contextRef="I20241231_DebentureFourteenMember_DebenturesSecondIssueMember_CompanhiaUltragazMember" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag2035" decimals="2" scale="-2" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureFourteenMember_DebenturesSecondIssueMember_CompanhiaUltragazMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag2007" escape="false">Semiannually</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureFourteenMember_DebenturesSecondIssueMember_CompanhiaUltragazMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag958" escape="false">At final maturity</ix:nonNumeric> </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Aug/24 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ultracargo Logistica S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>3</span><span style="font-size: 8pt;"><sup>rd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Single </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureFifteenMember_UltracargoLogisticaSAMember_DebenturesThirdIssueMember" name="ifrs-full:BorrowingsMaturity" id="Tag904" escape="false">Jul/34</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DebentureFifteenMember_UltracargoLogisticaSAMember_DebenturesThirdIssueMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag975" decimals="-3" scale="3" format="ixt:num-dot-decimal">80,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231_DebentureFifteenMember_UltracargoLogisticaSAMember_DebenturesThirdIssueMember" name="ifrs-full:BorrowingsInterestRateBasis" id="Tag2010" escape="false">IPCA + 6.28%</ix:nonNumeric></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><ix:nonFraction contextRef="I20241231_DebentureFifteenMember_UltracargoLogisticaSAMember_DebenturesThirdIssueMember" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag932" decimals="2" scale="-2" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureFifteenMember_UltracargoLogisticaSAMember_DebenturesThirdIssueMember" name="ugp:DebenturePaymentOfInterestDescription" id="Tag2119" escape="false">Semiannually</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DebentureFifteenMember_UltracargoLogisticaSAMember_DebenturesThirdIssueMember" name="ugp:DebenturePaymentOfFaceValueDescription" id="Tag887" escape="false">At final maturity</ix:nonNumeric> </span></p> </td> </tr> </tbody> </table> </ix:nonNumeric>
<p style="margin: 8pt 0pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries contracted hedging instruments for variations of the respective indexes. The hedging instruments were designated as fair value hedges, therefore, debentures and hedging instruments are both presented at fair value from inception, with changes in fair value recognized in profit or loss. The debentures, loans and financing do not have financial covenants.</span></p> </div> </ix:nonNumeric> </div>
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<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-53</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div> </div><div style="font-family: 'times new roman', times; font-size: 10pt;">
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<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px;padding: 0px;margin: 0px;border-bottom-width: 2px;border-bottom-style: solid;border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px;padding: 0px;margin: 0px;border-bottom-width: 2px;border-bottom-style: solid;border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; line-height: 1.2;"><br/></p>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory" id="Tag5911" escape="true">
<div style="background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB16_1422025194916755" class="customBookmark"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">16. Trade payables</span></a></div>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 12pt; font-style: italic; font-weight: bold; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">a.</span> <span style="font-size: 10pt; line-height: inherit;">Trade payables</span></span></p>
<ix:nonNumeric contextRef="D20241231" name="ugp:SummaryOfTradePayablesTableTextBlock" id="Tag1999" escape="true">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; height: 81px; width: 100%;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 79%; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Domestic suppliers </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DomesticSuppliersMember" name="ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers" unitRef="BRL" id="Tag4364" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,558,813</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_DomesticSuppliersMember" name="ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers" unitRef="BRL" id="Tag4363" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,907,042</ix:nonFraction> </span></p> </td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade payables - domestic related parties (see Note <span>8</span>.b) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DomesticSuppliersMember" name="ifrs-full:TradeAndOtherCurrentPayablesToRelatedParties" unitRef="BRL" id="Tag4360" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,432</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_DomesticSuppliersMember" name="ifrs-full:TradeAndOtherCurrentPayablesToRelatedParties" unitRef="BRL" id="Tag720" decimals="-3" scale="3" format="ixt:num-dot-decimal">82,843</ix:nonFraction> </span></p> </td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign suppliers </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_ForeignSuppliersMember" name="ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers" unitRef="BRL" id="Tag4359" decimals="-3" scale="3" format="ixt:num-dot-decimal">776,052</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_ForeignSuppliersMember" name="ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers" unitRef="BRL" id="Tag722" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,628,177</ix:nonFraction> </span></p> </td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"> Trade payables - foreign related parties (see Note <span>8</span>.b) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_ForeignSuppliersMember" name="ifrs-full:TradeAndOtherCurrentPayablesToRelatedParties" unitRef="BRL" id="Tag4365" decimals="-3" scale="3" format="ixt:num-dot-decimal">160,088</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_ForeignSuppliersMember" name="ifrs-full:TradeAndOtherCurrentPayablesToRelatedParties" unitRef="BRL" id="Tag721" decimals="-3" scale="3" format="ixt:num-dot-decimal">64,609</ix:nonFraction> </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> <span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="I20241231" name="ifrs-full:TradeAndOtherCurrentPayables" unitRef="BRL" id="Tag719" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,518,385</ix:nonFraction></span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:TradeAndOtherCurrentPayables" unitRef="BRL" id="Tag4361" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,682,671</ix:nonFraction> </span></p> </td> </tr> </tbody> </table> </ix:nonNumeric>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Trade payables - reverse factoring</span></p>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory" id="Tag1187" escape="true">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Trade payables - reverse factoring:</span><span style="font-size: 10pt; line-height: inherit;"> These operations consist </span><span style="font-size: 10pt; line-height: inherit;">of</span><span style="font-size: 10pt; line-height: inherit;"> the advance receipt of amounts by the supplier from financial institutions before their due date in order to provide to suppliers the opportunity to manage their receivables more effectively.</span></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The assignment of receivables does not result in any costs or fees with the financial institutions for the Company's subsidiaries, nor in the granting of guarantees of any type to these financial institutions. The decision to join this type of transaction is solely and exclusively of the supplier.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The agreement does not substantially change the main characteristics of the commercial conditions previously established between the subsidiaries of the Company and the suppliers. Therefore, the amounts payable to financial institutions for these transactions </span><span style="font-size: 10pt; line-height: inherit;">are </span><span style="font-size: 10pt; line-height: inherit;">presented in the line item of suppliers.</span></span></p> </ix:nonNumeric>
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As of December 31, 2024, to accurately reflect the essence of commercial transactions, the balance reverse factoring transactions for which suppliers have already received payments was R$ <ix:nonFraction contextRef="I20241231" name="ugp:TradeCurrentPayablesReverseFactoring" unitRef="BRL" id="Tag597" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,014,504</ix:nonFraction> (R$ <ix:nonFraction contextRef="I20231231" name="ugp:TradeCurrentPayablesReverseFactoring" unitRef="BRL" id="Tag4362" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,039,366</ix:nonFraction> as of December 31, 2023). The average payment term, in days, of suppliers that have joined the reverse factoring transactions and comparable suppliers is presented below:</span></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Consolidated </span></p> </td> </tr>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Reverse factoring </span></p> </td>
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<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Comparable suppliers<sup><span>1</span></sup></span></span></p> </td> </tr>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Average payment term </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_TradePayablesRreverseFactoringMember" name="ugp:TradePayablesAveragePaymentTerm" id="Tag4358" format="ixt-sec:durday">12</ix:nonNumeric> </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_TradePayablesComparableSuppliersMember" name="ugp:TradePayablesAveragePaymentTerm" id="Tag857" format="ixt-sec:durday">8</ix:nonNumeric> </span></p> </td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><br/></span></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><span style="font-size: 8pt;"><sup>1</sup></span><span><ix:footnote xml:lang="en-US" id="footnote89" footnoteRole="http://www.xbrl.org/2003/role/footnote">Comparable suppliers are those that have not adhered to reverse financing agreements, considering specific characteristics of payment conditions.</ix:footnote></span></span></span></p> </ix:nonNumeric> </div> </ix:nonNumeric>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-54</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div> </div><div style="font-family: 'times new roman', times; font-size: 10pt;">
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<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, 2023 and 2022</span></span></td>
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<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bnd321_1832025145338921" class="customBookmark"><span style="color: #ffffff; font-weight: bold; line-height: inherit;"><span>17</span>. Employee benefits and private pension plan</span> </a></div>
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<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" id="Tag178" escape="true">
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt; line-height: inherit;">The Company and its subsidiaries offer their employees a private pension plan of the defined contribution type and other benefits related to seniority bonus, payment of Government Severance Indemnity Fund for Employees (&#8220;FGTS&#8221;), health and dental care, and life insurance plan</span><span style="font-size: 10pt; line-height: inherit;">s</span><span style="font-size: 10pt; line-height: inherit;"> for eligible retirees</span><span style="font-size: 10pt; line-height: inherit;">. </span><span style="font-size: 10pt; line-height: inherit;">Annual actuarial studies, with the exception of the private pension plan, are prepared by an independent professional and reviewed by Management</span><span style="font-size: 10pt; line-height: inherit;">. The respective impacts are recognized in accordance with the projected unit credit method. The actuarial gains and losses are recognized in equity under &#8220;Accumulated other comprehensive income&#8221;.</span></span></p> </ix:nonNumeric>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. ULTRAPREV - Associa&#231;&#227;o de Previd&#234;ncia Complementar</span></p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"><span style="font-family: 'times new roman', times;">In February 2001, the Company&#8217;s Board of Directors approved the adoption of a defined contribution pension plan to be sponsored by the Company and its subsidiaries. Participating employees have been contributing to this plan, managed by Ultraprev - Associa&#231;&#227;o de Previd&#234;ncia Complementar (&#8220;Ultraprev&#8221;), since August 2001. The Company and its subsidiaries do not take responsibility for guaranteeing amounts or the duration of the benefits received by the retired employee.</span> </span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt; line-height: inherit;">In <span style="border-left: none; border-right: none;">2024</span>, the Company</span><span style="font-size: 10pt; line-height: inherit;">&#8217;s</span><span style="font-size: 10pt; line-height: inherit;"> subsidiaries contributed R$ <ix:nonFraction contextRef="D20241231" name="ifrs-full:ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset" unitRef="BRL" id="Tag3356" decimals="-3" scale="3" format="ixt:num-dot-decimal">22,482</ix:nonFraction> to Ultraprev (R$ <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset" unitRef="BRL" id="Tag2653" decimals="-3" scale="3" format="ixt:num-dot-decimal">22,482</ix:nonFraction> in <span style="border-left: none; border-right: none;">2023</span></span><span style="font-size: 10pt; line-height: inherit;"> and R$ </span><span style="font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231" name="ifrs-full:ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset" unitRef="BRL" id="Tag2709" decimals="-3" scale="3" format="ixt:num-dot-decimal">16,368</ix:nonFraction> in <span style="border-left: none; border-right: none;">2022</span></span></span><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"><span style="font-family: 'times new roman', times;">).</span> </span></p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The balance of R$ <ix:nonFraction contextRef="I20241231" name="ugp:DefinedContributionPensionPlanReversionFund" unitRef="BRL" id="Tag1021" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,454</ix:nonFraction> as of December 31, 2024 (R$ <ix:nonFraction contextRef="I20231231" name="ugp:DefinedContributionPensionPlanReversionFund" unitRef="BRL" id="Tag2726" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,271</ix:nonFraction> as of December 31, 2023) regarding the reversal fund will be used to deduct normal sponsor contributions in a period of up to <ix:nonNumeric contextRef="D20241231_TopOfRangeMember" name="ifrs-full:WeightedAverageDurationOfDefinedBenefitObligation2019" id="Tag2719" format="ixt-sec:durmonth">18</ix:nonNumeric> months depending on the sponsor. The number of months is estimated according to the current amount being deducted from contributions of each sponsor.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The total number of participating employees as of December 31, 2024 is <ix:nonFraction contextRef="D20241231" name="ugp:NumberOfActiveParticipatingEmployees" unitRef="Employees" id="Tag1015" decimals="0" format="ixt:num-dot-decimal">3,801</ix:nonFraction> active participants and <ix:nonFraction contextRef="D20241231" name="ugp:NumberOfRetiredParticipatingEmployees" unitRef="Employees" id="Tag2706" decimals="0" format="ixt:num-dot-decimal">297</ix:nonFraction> retired participants (<ix:nonFraction contextRef="D20231231_35" name="ugp:NumberOfActiveParticipatingEmployees" unitRef="Employees" id="Tag2748" decimals="0" format="ixt:num-dot-decimal">4,053</ix:nonFraction> active participants and <ix:nonFraction contextRef="D20231231_35" name="ugp:NumberOfRetiredParticipatingEmployees" unitRef="Employees" id="Tag2674" decimals="0" format="ixt:num-dot-decimal">298</ix:nonFraction> retired participants as of December 31, 2023). In addition, Ultraprev had <ix:nonFraction contextRef="D20241231" name="ugp:NumberOfFormerEmployeesReceivingBenefits" unitRef="Employees" id="Tag2734" decimals="0" format="ixt:num-dot-decimal">21</ix:nonFraction> former employees or beneficiaries receiving benefits under the rules of a previous plan whose reserves are fully constituted.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Post-employment benefits</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt; line-height: inherit;">Some subsidiaries recognized a provision for post-employment benefits mainly related to seniority bonus, payment of FGTS, and health, dental care, and life insurance plan</span><span style="font-size: 10pt; line-height: inherit;">s</span><span style="font-size: 10pt; line-height: inherit;"> for eligible retirees.</span></span></p> </div>
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<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">The amounts related to such benefits are based on a valuation conducted by an independent actuary and reviewed by Management as of December 31, 2024.</span></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt; line-height: inherit;">Health and dental care plan <span style="font-size: 8pt;"><sup>(1)</sup></span></span></span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_HealthAndDentalCareMember" name="ifrs-full:ProvisionsForEmployeeBenefits" unitRef="BRL" id="Tag2718" decimals="-3" scale="3" format="ixt:num-dot-decimal">177,958</ix:nonFraction> </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_HealthAndDentalCareMember" name="ifrs-full:ProvisionsForEmployeeBenefits" unitRef="BRL" id="Tag2649" decimals="-3" scale="3" format="ixt:num-dot-decimal">211,279</ix:nonFraction> </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Indemnification of FGTS </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_IndemnificationOfFGTSMember" name="ifrs-full:ProvisionsForEmployeeBenefits" unitRef="BRL" id="Tag3230" decimals="-3" scale="3" format="ixt:num-dot-decimal">32,420</ix:nonFraction> </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_IndemnificationOfFGTSMember" name="ifrs-full:ProvisionsForEmployeeBenefits" unitRef="BRL" id="Tag2966" decimals="-3" scale="3" format="ixt:num-dot-decimal">38,456</ix:nonFraction> </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Seniority bonus </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_SeniorityBonusMember" name="ifrs-full:ProvisionsForEmployeeBenefits" unitRef="BRL" id="Tag2724" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,795</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_SeniorityBonusMember" name="ifrs-full:ProvisionsForEmployeeBenefits" unitRef="BRL" id="Tag2742" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,026</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt; line-height: inherit;">Life insurance <span style="font-size: 8pt;"><sup>(2)</sup></span></span></span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LifeInsuranceMember" name="ifrs-full:ProvisionsForEmployeeBenefits" unitRef="BRL" id="Tag2732" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,703</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LifeInsuranceMember" name="ifrs-full:ProvisionsForEmployeeBenefits" unitRef="BRL" id="Tag1014" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,062</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:ProvisionsForEmployeeBenefits" unitRef="BRL" id="Tag1016" decimals="-3" scale="3" format="ixt:num-dot-decimal">222,876</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:ProvisionsForEmployeeBenefits" unitRef="BRL" id="Tag2658" decimals="-3" scale="3" format="ixt:num-dot-decimal">264,823</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:CurrentProvisionsForEmployeeBenefits" unitRef="BRL" id="Tag1018" decimals="-3" scale="3" format="ixt:num-dot-decimal">24,098</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding: 0px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:CurrentProvisionsForEmployeeBenefits" unitRef="BRL" id="Tag2737" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,612</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current </span></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:NoncurrentProvisionsForEmployeeBenefits" unitRef="BRL" id="Tag2739" decimals="-3" scale="3" format="ixt:num-dot-decimal">198,778</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 15px;"><br/></td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:NoncurrentProvisionsForEmployeeBenefits" unitRef="BRL" id="Tag2967" decimals="-3" scale="3" format="ixt:num-dot-decimal">241,211</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 15px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">(<span>1</span>) </span></span><span><ix:footnote xml:lang="en-US" id="footnote43" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">Applicable to Ipiranga, Tropical </span><span style="line-height: inherit;">(merged by Ipiranga) </span><span style="line-height: inherit;">and Iconic.</span></span></ix:footnote></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">(<span>2</span>) </span></span><span><ix:footnote xml:lang="en-US" id="footnote42" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">Applicable to Ipiranga, Tropical</span><span style="line-height: inherit;"> (merged by Ip</span><span style="line-height: inherit;">iranga)</span><span style="line-height: inherit;">, Ultragaz and Ultrapar.</span></span></ix:footnote></span></p> </ix:nonNumeric>
<div>
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml">
<p style="margin:0pt"><br/></p>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-55</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<table xmlns="http://www.w3.org/1999/xhtml" style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, 2023 and 2022</span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </ix:exclude> </div>
<div style="border-left: none; border-right: none;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"> &#160;&#160;</p>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory" id="Tag273" escape="true">
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Changes in the present value of the post-employment benefit obligation occurred as follows:</span></p>
<div id="t_ft_U13OT723ZK00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 112px;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2022 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 65%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Opening balance </span></p> </td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:ProvisionsForEmployeeBenefits" unitRef="BRL" id="Tag2725" decimals="-3" scale="3" format="ixt:num-dot-decimal">264,823</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20221231" name="ifrs-full:ProvisionsForEmployeeBenefits" unitRef="BRL" id="Tag2728" decimals="-3" scale="3" format="ixt:num-dot-decimal">215,556</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20211231" name="ifrs-full:ProvisionsForEmployeeBenefits" unitRef="BRL" id="Tag3646" decimals="-3" scale="3" format="ixt:num-dot-decimal">215,719</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Expense for the year </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" unitRef="BRL" id="Tag2740" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,077</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" unitRef="BRL" id="Tag2646" decimals="-3" scale="3" format="ixt:num-dot-decimal">17,521</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" unitRef="BRL" id="Tag2745" decimals="-3" scale="3" format="ixt:num-dot-decimal">20,944</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Update/change of benefit </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> (<ix:nonFraction contextRef="I20241231" name="ifrs-full:SurplusDeficitInPlan" unitRef="BRL" id="Tag2657" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,094</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><ix:nonFraction contextRef="I20231231" name="ifrs-full:SurplusDeficitInPlan" unitRef="BRL" id="Tag2733" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20221231" name="ifrs-full:SurplusDeficitInPlan" unitRef="BRL" id="Tag2707" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">494</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Actuarial (gains) losses from changes in actuarial assumptions </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetOfTaxDefinedBenefitPlans" unitRef="BRL" id="Tag2746" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">41,727</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetOfTaxDefinedBenefitPlans" unitRef="BRL" id="Tag1020" decimals="-3" scale="3" format="ixt:num-dot-decimal">52,099</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetOfTaxDefinedBenefitPlans" unitRef="BRL" id="Tag2720" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,589</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Benefits paid directly by the Company and its subsidiaries </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:BenefitsPaidOrPayable" unitRef="BRL" id="Tag211" decimals="-3" scale="3" format="ixt:num-dot-decimal">17,203</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:BenefitsPaidOrPayable" unitRef="BRL" id="Tag2736" decimals="-3" scale="3" format="ixt:num-dot-decimal">20,353</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:BenefitsPaidOrPayable" unitRef="BRL" id="Tag2647" decimals="-3" scale="3" format="ixt:num-dot-decimal">19,012</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Closing balance </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:ProvisionsForEmployeeBenefits" unitRef="BRL" id="Tag3131" decimals="-3" scale="3" format="ixt:num-dot-decimal">222,876</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:ProvisionsForEmployeeBenefits" unitRef="BRL" id="Tag2712" decimals="-3" scale="3" format="ixt:num-dot-decimal">264,823</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20221231" name="ifrs-full:ProvisionsForEmployeeBenefits" unitRef="BRL" id="Tag3231" decimals="-3" scale="3" format="ixt:num-dot-decimal">215,556</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr> </tbody> </table> </div> </ix:nonNumeric> </div>
<ix:nonNumeric contextRef="D20241231" name="ugp:SummaryOfEmploymentBenefitExpenseTableTextBlock" id="Tag272" escape="true">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The total expense for each year is presented below:</span></p>
<div id="t_ft_BW2EU51M9S00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 103px;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2024 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2023 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Arial; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2022 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 65%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Health and dental care plan </span></p> </td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="D20241231_HealthAndDentalCareMember" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" unitRef="BRL" id="Tag2729" decimals="-3" scale="3" format="ixt:num-dot-decimal">20,420</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="D20231231_HealthAndDentalCareMember" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" unitRef="BRL" id="Tag2652" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,182</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Arial; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="D20221231_HealthAndDentalCareMember" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" unitRef="BRL" id="Tag2655" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,660</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Indemnification of FGTS </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="D20241231_IndemnificationOfFGTSMember" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" unitRef="BRL" id="Tag3384" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,290</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="D20231231_IndemnificationOfFGTSMember" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" unitRef="BRL" id="Tag2717" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,909</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Arial; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="D20221231_IndemnificationOfFGTSMember" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" unitRef="BRL" id="Tag2645" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,766</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Seniority bonus </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="D20241231_SeniorityBonusMember" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" unitRef="BRL" id="Tag3009" decimals="-3" scale="3" format="ixt:num-dot-decimal">254</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="D20231231_SeniorityBonusMember" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" unitRef="BRL" id="Tag1017" decimals="-3" scale="3" format="ixt:num-dot-decimal">286</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Arial; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="D20221231_SeniorityBonusMember" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" unitRef="BRL" id="Tag1012" decimals="-3" scale="3" format="ixt:num-dot-decimal">563</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Life insurance </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="D20241231_LifeInsuranceMember" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" unitRef="BRL" id="Tag2731" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,113</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="D20231231_LifeInsuranceMember" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" unitRef="BRL" id="Tag2747" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,144</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Arial; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="D20221231_LifeInsuranceMember" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" unitRef="BRL" id="Tag1024" decimals="-3" scale="3" format="ixt:num-dot-decimal">955</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Total </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" unitRef="BRL" id="Tag2744" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,077</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" unitRef="BRL" id="Tag2721" decimals="-3" scale="3" format="ixt:num-dot-decimal">17,521</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Arial; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" unitRef="BRL" id="Tag2714" decimals="-3" scale="3" format="ixt:num-dot-decimal">20,944</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px;" valign="bottom"><br/></td> </tr> </tbody> </table> </div> </ix:nonNumeric>
<ix:nonNumeric contextRef="D20241231" name="ugp:SummaryOfSignificantActuarialAssumptionsAdoptedTableTextBlock" id="Tag271" escape="true">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The main actuarial assumptions used are:</span></p>
<div id="t_ft_CGONGK3M4000000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 163px; width: 100%;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Economic factors </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> % p.a. </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> % p.a. </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 77%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Discount rate for the actuarial obligation at present value &#8211; Indemnification of FGTS </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20241231" name="ugp:ActuarialAssumptionOfDiscountRatesForIndemnificationOfSeverance" unitRef="Pure" id="Tag542" decimals="4" scale="-2" format="ixt:num-dot-decimal">11.97</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; width: 1%; background-color: #cceeff;"><br/></td>
<td style="padding: 0px; vertical-align: middle; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20231231" name="ugp:ActuarialAssumptionOfDiscountRatesForIndemnificationOfSeverance" unitRef="Pure" id="Tag2711" decimals="4" scale="-2" format="ixt:num-dot-decimal">9.41</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; width: 1%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Discount rate for the actuarial obligation at present value &#8211; Bonus </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20241231" name="ugp:ActuarialAssumptionOfDiscountRatesForBonus" unitRef="Pure" id="Tag3133" decimals="4" scale="-2" format="ixt:num-dot-decimal">11.82</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20231231" name="ugp:ActuarialAssumptionOfDiscountRatesForBonus" unitRef="Pure" id="Tag2656" decimals="4" scale="-2" format="ixt:num-dot-decimal">9.41</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Average discount rate for the actuarial obligation at present value &#8211; Medical services </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20241231" name="ugp:ActuarialAssumptionOfAverageDiscountRateOfMedicalServices" unitRef="Pure" id="Tag2815" decimals="4" scale="-2" format="ixt:num-dot-decimal">11.07</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20231231" name="ugp:ActuarialAssumptionOfAverageDiscountRateOfMedicalServices" unitRef="Pure" id="Tag1013" decimals="4" scale="-2" format="ixt:num-dot-decimal">9.53</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Discount rate for the actuarial obligation at present value &#8211; Life insurance </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20241231" name="ugp:ActuarialAssumptionOfDiscountRatesForLifeInsurance" unitRef="Pure" id="Tag5524" decimals="4" scale="-2" format="ixt:num-dot-decimal">11.82</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20231231" name="ugp:ActuarialAssumptionOfDiscountRatesForLifeInsurance" unitRef="Pure" id="Tag2713" decimals="4" scale="-2" format="ixt:num-dot-decimal">9.41</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Average projected salary growth rate &#8211; FGTS indemnity </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" unitRef="Pure" id="Tag2722" decimals="4" scale="-2" format="ixt:num-dot-decimal">6.80</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" unitRef="Pure" id="Tag2715" decimals="4" scale="-2" format="ixt:num-dot-decimal">6.83</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Average projected bonus growth rate </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20241231" name="ugp:ActuarialAssumptionOfExpectedRatesOfBonusIncreases" unitRef="Pure" id="Tag1022" decimals="4" scale="-2" format="ixt:num-dot-decimal">7.33</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20231231" name="ugp:ActuarialAssumptionOfExpectedRatesOfBonusIncreases" unitRef="Pure" id="Tag3119" decimals="4" scale="-2" format="ixt:num-dot-decimal">7.33</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Inflation rate (long term) </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfInflation" unitRef="Pure" id="Tag2705" decimals="3" scale="-2" format="ixt:num-dot-decimal">3.5</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfInflation" unitRef="Pure" id="Tag2654" decimals="3" scale="-2" format="ixt:num-dot-decimal">3.5</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Medical services growth rate </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:ActuarialAssumptionOfMedicalCostTrendRates" unitRef="Pure" id="Tag2738" decimals="4" scale="-2" format="ixt:num-dot-decimal">7.64</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:ActuarialAssumptionOfMedicalCostTrendRates" unitRef="Pure" id="Tag2716" decimals="4" scale="-2" format="ixt:num-dot-decimal">7.64</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td> </tr> </tbody> </table> </div> </ix:nonNumeric>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Demographic factors</span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mortality Table for the life insurance benefit - CSO-<span>80</span></span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mortality Table for other benefits &#8211; AT <span>2000</span> Basic decreased by <ix:nonFraction contextRef="D20241231" name="ugp:DemographicAssumptionPercentageOfReasonablyPossibleDecreaseInMortalityTableForOtherBenefits" unitRef="Pure" id="Tag3473" decimals="2" scale="-2" format="ixt:num-dot-decimal">10</ix:nonFraction>% </span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Disability Mortality Table - RRB <span>1983</span> and RRB-<span>1944</span></span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Disability Table &#8211; Weak light</span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-56</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
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<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, 2023 and 2022</span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </ix:exclude> </div>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"> <span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Sensitivity analysis</span></p>
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The significant actuarial assumptions to determine the provision for post-employment benefits are: discount rate, salary growth and medical costs increases. The sensitivity analyses as of December 31, 2024, as shown below, were determined based on possible changes of assumptions occurring at the reporting date of the financial statements, keeping all other assumptions constant.</span></p>
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<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> Assumption </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> Change in assumptions </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> Decrease in liability </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> Change in assumptions </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> Increase in liability </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Discount rate </span></p> </td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; background-color: #cceeff; width: 18%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> increase by <ix:nonFraction contextRef="I20241231_ActuarialAssumptionOfDiscountRatesMember" name="ifrs-full:PercentageOfReasonablyPossibleDecreaseInActuarialAssumption" unitRef="Pure" id="Tag1023" decimals="3" scale="-2" format="ixt:num-dot-decimal">1.0</ix:nonFraction> p.p. </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 15%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_ActuarialAssumptionOfDiscountRatesMember" name="ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption" unitRef="BRL" id="Tag2741" decimals="-3" scale="3" format="ixt:num-dot-decimal">19,736</ix:nonFraction> </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; background-color: #cceeff; width: 15%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> decrease by <ix:nonFraction contextRef="I20241231_ActuarialAssumptionOfDiscountRatesMember" name="ifrs-full:PercentageOfReasonablyPossibleIncreaseInActuarialAssumption" unitRef="Pure" id="Tag2644" decimals="3" scale="-2" format="ixt:num-dot-decimal">1.0</ix:nonFraction> p.p. </span></p> </td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 15%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_ActuarialAssumptionOfDiscountRatesMember" name="ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" unitRef="BRL" id="Tag2708" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,953</ix:nonFraction> </span></p> </td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 12px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Salary growth rate </span></p> </td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 12px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> decrease by <ix:nonFraction contextRef="I20241231_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember" name="ifrs-full:PercentageOfReasonablyPossibleDecreaseInActuarialAssumption" unitRef="Pure" id="Tag3229" decimals="3" scale="-2" format="ixt:num-dot-decimal">1.0</ix:nonFraction> p.p. </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 12px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember" name="ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption" unitRef="BRL" id="Tag2730" decimals="-3" scale="3" format="ixt:num-dot-decimal">284</ix:nonFraction> </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 12px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> increase by <ix:nonFraction contextRef="I20241231_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember" name="ifrs-full:PercentageOfReasonablyPossibleIncreaseInActuarialAssumption" unitRef="Pure" id="Tag2727" decimals="3" scale="-2" format="ixt:num-dot-decimal">1.0</ix:nonFraction> p.p. </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 12px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 12px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember" name="ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" unitRef="BRL" id="Tag2710" decimals="-3" scale="3" format="ixt:num-dot-decimal">304</ix:nonFraction> </span></p> </td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Medical services growth rate </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> decrease by <ix:nonFraction contextRef="I20241231_ActuarialAssumptionOfMedicalCostTrendRatesMember" name="ifrs-full:PercentageOfReasonablyPossibleDecreaseInActuarialAssumption" unitRef="Pure" id="Tag2648" decimals="3" scale="-2" format="ixt:num-dot-decimal">1.0</ix:nonFraction> p.p. </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_ActuarialAssumptionOfMedicalCostTrendRatesMember" name="ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption" unitRef="BRL" id="Tag1019" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,385</ix:nonFraction> </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> increase by <ix:nonFraction contextRef="I20241231_ActuarialAssumptionOfMedicalCostTrendRatesMember" name="ifrs-full:PercentageOfReasonablyPossibleIncreaseInActuarialAssumption" unitRef="Pure" id="Tag2723" decimals="3" scale="-2" format="ixt:num-dot-decimal">1.0</ix:nonFraction> p.p. </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_ActuarialAssumptionOfMedicalCostTrendRatesMember" name="ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" unitRef="BRL" id="Tag2743" decimals="-3" scale="3" format="ixt:num-dot-decimal">22,185</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;"><br/></td> </tr> </tbody> </table> </ix:nonNumeric>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The sensitivity analyses presented may not represent the real change in the post-employment benefit obligation, since it is unlikely that changes occur in just <span>one</span> assumption alone, considering that some of these assumptions may be correlated.</span></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Inherent risks related to post-employment benefits</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Interest rate risk: a long-term interest rate is used to calculate the present value of post-employment liabilities. A reduction in this interest rate will increase the corresponding liability.</span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Wage growth risk: the present value of the liability is calculated using as reference the wages of the plan participants, projected with the average nominal wage growth rate. An increase in the real wages of plan participants will increase the corresponding liability.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Medical costs growth risk: the present value of the liability is calculated using as a reference the medical cost by age based on actual healthcare costs, projected based on the growth rate of medical services costs. An increase in the real medical costs will increase the corresponding liability.</span></p> </div> </ix:nonNumeric> </div> </div><div style="font-family: 'times new roman', times; font-size: 10pt;">
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<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span>18</span>. Provisions and contingent liabilities</span><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bnd2122_1832025145936628" class="customBookmark">&#160;</a><br/></div>
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<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">A provision for tax, civil and labor risks is recognized when there is a present obligation as a result of a past event, it is probable that a disbursement will be required to settle the obligation, and the amount can be reliably estimated, based on the opinion of Management and internal and external legal advisors, and the amounts are recognized based on estimates of the outcomes of the legal proceedings. The provision is recorded as an expense for the year. The update of this obligation is made according to the development of the legal proceeding or financial charges incurred and may be reversed if the loss estimate is no longer considered probable due to changes in circumstances, or when the obligation is settled. Contingent assets are disclosed when the associated economic benefits are probable and are only recognized in the financial statements in the period in which their realization is considered certain and their amount can be reliably measured.</span></p> </ix:nonNumeric>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>F-57</span></span></td> </tr> </tbody> </table>
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<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important; line-height: inherit;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, 2023 and 2022</span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"/> </tr> </tbody> </table> </ix:exclude> </div>
<p style="font-family: 'times new roman', times; margin: 10pt 0pt 0pt; text-indent: 0pt;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; text-indent: 0pt; font-family: 'times new roman', times;">a. Provisions for tax, civil and labor risks</span></p> </div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries are parties to tax, civil and labor disputes at the administrative and judicial levels.</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfProvisionsExplanatory" id="Tag5384" escape="true">
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below presents the breakdown of provisions by nature and their changes:</span></p>
<div id="t_ft_O03OTR5EFK00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 100px; width: 100%;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Provisions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Balance as </span><br/><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">of 12/31/2023</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Reversals</span> <span style="font-weight: bold; vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Payments/ write-offs </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Interest </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Balance as </span><br/><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">of 12/31/2024</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 34%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IRPJ and CSLL (a<span>.1</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_IrpjAndCsllMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2406" decimals="-3" scale="3" format="ixt:num-dot-decimal">636,167</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_IrpjAndCsllMember" name="ifrs-full:AdditionalProvisionsOtherProvisions" unitRef="BRL" id="Tag2407" decimals="-3" scale="3" format="ixt:num-dot-decimal">949</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_IrpjAndCsllMember" name="ifrs-full:UnusedProvisionReversedOtherProvisions" unitRef="BRL" id="Tag2522" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,124</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_IrpjAndCsllMember" name="ifrs-full:ProvisionUsedOtherProvisions" unitRef="BRL" id="Tag4330" decimals="-3" scale="3" format="ixt:num-dot-decimal">610,534</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_IrpjAndCsllMember" name="ifrs-full:IncreaseDecreaseThroughTimeValueOfMoneyAdjustmentOtherProvisions" unitRef="BRL" id="Tag2341" decimals="-3" scale="3" format="ixt:num-dot-decimal">21,488</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_IrpjAndCsllMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2427" decimals="-3" scale="3" format="ixt:num-dot-decimal">32,946</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Tax </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_ICMSStatevatMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2435" decimals="-3" scale="3" format="ixt:num-dot-decimal">107,172</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_ICMSStatevatMember" name="ifrs-full:AdditionalProvisionsOtherProvisions" unitRef="BRL" id="Tag2457" decimals="-3" scale="3" format="ixt:num-dot-decimal">41,474</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_ICMSStatevatMember" name="ifrs-full:UnusedProvisionReversedOtherProvisions" unitRef="BRL" id="Tag2387" decimals="-3" scale="3" format="ixt:num-dot-decimal">72,427</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_ICMSStatevatMember" name="ifrs-full:ProvisionUsedOtherProvisions" unitRef="BRL" id="Tag2459" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,002</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_ICMSStatevatMember" name="ifrs-full:IncreaseDecreaseThroughTimeValueOfMoneyAdjustmentOtherProvisions" unitRef="BRL" id="Tag2487" decimals="-3" scale="3" format="ixt:num-dot-decimal">867</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_ICMSStatevatMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2252" decimals="-3" scale="3" format="ixt:num-dot-decimal">67,082</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Civil, environmental and regulatory claims </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_CivilEnvironmentalAndRegulatoryClaimsMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2491" decimals="-3" scale="3" format="ixt:num-dot-decimal">150,258</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_CivilEnvironmentalAndRegulatoryClaimsMember" name="ifrs-full:AdditionalProvisionsOtherProvisions" unitRef="BRL" id="Tag2530" decimals="-3" scale="3" format="ixt:num-dot-decimal">66,215</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_CivilEnvironmentalAndRegulatoryClaimsMember" name="ifrs-full:UnusedProvisionReversedOtherProvisions" unitRef="BRL" id="Tag2340" decimals="-3" scale="3" format="ixt:num-dot-decimal">19,002</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_CivilEnvironmentalAndRegulatoryClaimsMember" name="ifrs-full:ProvisionUsedOtherProvisions" unitRef="BRL" id="Tag2511" decimals="-3" scale="3" format="ixt:num-dot-decimal">35,519</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_CivilEnvironmentalAndRegulatoryClaimsMember" name="ifrs-full:IncreaseDecreaseThroughTimeValueOfMoneyAdjustmentOtherProvisions" unitRef="BRL" id="Tag2452" decimals="-3" scale="3" format="ixt:num-dot-decimal">20</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_CivilEnvironmentalAndRegulatoryClaimsMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2499" decimals="-3" scale="3" format="ixt:num-dot-decimal">161,972</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for indemnities (a<span>.2</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_ProvisionForIndemnitiesMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2428" decimals="-3" scale="3" format="ixt:num-dot-decimal">203,780</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_ProvisionForIndemnitiesMember" name="ifrs-full:AdditionalProvisionsOtherProvisions" unitRef="BRL" id="Tag2390" decimals="-3" scale="3" format="ixt:num-dot-decimal">19,519</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_ProvisionForIndemnitiesMember" name="ifrs-full:UnusedProvisionReversedOtherProvisions" unitRef="BRL" id="Tag2497" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,081</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_ProvisionForIndemnitiesMember" name="ifrs-full:ProvisionUsedOtherProvisions" unitRef="BRL" id="Tag2520" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,959</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_ProvisionForIndemnitiesMember" name="ifrs-full:IncreaseDecreaseThroughTimeValueOfMoneyAdjustmentOtherProvisions" unitRef="BRL" id="Tag2486" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,549</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_ProvisionForIndemnitiesMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag3132" decimals="-3" scale="3" format="ixt:num-dot-decimal">206,808</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Labor </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LaborLitigationMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2492" decimals="-3" scale="3" format="ixt:num-dot-decimal">59,144</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_LaborLitigationMember" name="ifrs-full:AdditionalProvisionsOtherProvisions" unitRef="BRL" id="Tag2409" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,468</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_LaborLitigationMember" name="ifrs-full:UnusedProvisionReversedOtherProvisions" unitRef="BRL" id="Tag2514" decimals="-3" scale="3" format="ixt:num-dot-decimal">16,447</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_LaborLitigationMember" name="ifrs-full:ProvisionUsedOtherProvisions" unitRef="BRL" id="Tag2450" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,764</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_LaborLitigationMember" name="ifrs-full:IncreaseDecreaseThroughTimeValueOfMoneyAdjustmentOtherProvisions" unitRef="BRL" id="Tag5734" decimals="-3" scale="3" format="ixt:num-dot-decimal">768</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaborLitigationMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2288" decimals="-3" scale="3" format="ixt:num-dot-decimal">54,169</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_MiscellaneousOtherProvisionsMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2500" decimals="-3" scale="3" format="ixt:num-dot-decimal">147,609</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_MiscellaneousOtherProvisionsMember" name="ifrs-full:AdditionalProvisionsOtherProvisions" unitRef="BRL" id="Tag2169" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,564</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_MiscellaneousOtherProvisionsMember" name="ifrs-full:UnusedProvisionReversedOtherProvisions" unitRef="BRL" id="Tag2532" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,148</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_MiscellaneousOtherProvisionsMember" name="ifrs-full:ProvisionUsedOtherProvisions" unitRef="BRL" id="Tag2068" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,684</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_MiscellaneousOtherProvisionsMember" name="ifrs-full:IncreaseDecreaseThroughTimeValueOfMoneyAdjustmentOtherProvisions" unitRef="BRL" id="Tag4327" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,040</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_MiscellaneousOtherProvisionsMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2126" decimals="-3" scale="3" format="ixt:num-dot-decimal">135,383</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2477" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,304,130</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:AdditionalProvisionsOtherProvisions" unitRef="BRL" id="Tag2501" decimals="-3" scale="3" format="ixt:num-dot-decimal">154,189</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:UnusedProvisionReversedOtherProvisions" unitRef="BRL" id="Tag2365" decimals="-3" scale="3" format="ixt:num-dot-decimal">144,229</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:ProvisionUsedOtherProvisions" unitRef="BRL" id="Tag2521" decimals="-3" scale="3" format="ixt:num-dot-decimal">683,462</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:IncreaseDecreaseThroughTimeValueOfMoneyAdjustmentOtherProvisions" unitRef="BRL" id="Tag281" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,732</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2394" decimals="-3" scale="3" format="ixt:num-dot-decimal">658,360</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:ShorttermLegalProceedingsProvision" unitRef="BRL" id="Tag2445" decimals="-3" scale="3" format="ixt:num-dot-decimal">45,828</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:ShorttermLegalProceedingsProvision" unitRef="BRL" id="Tag2480" decimals="-3" scale="3" format="ixt:num-dot-decimal">47,788</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:LongtermLegalProceedingsProvision" unitRef="BRL" id="Tag2379" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,258,302</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:LongtermLegalProceedingsProvision" unitRef="BRL" id="Tag2533" decimals="-3" scale="3" format="ixt:num-dot-decimal">610,572</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><br/></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-size: 8pt; line-height: inherit;"><span style="line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">(<span>1</span>) </span> </span></span><span><ix:footnote xml:lang="en-US" id="footnote41" footnoteRole="http://www.xbrl.org/2003/role/footnote">Of this amount, MR$ <ix:nonFraction contextRef="D20241231" name="ugp:UnusedProvisionReversalsOfUpdatesOtherProvisions" unitRef="BRL" id="Tag2433" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">28,612</ix:nonFraction> corresponds to the reversals of updates.</ix:footnote></span></span></p>
<p style="margin:0pt"><br/></p>
<div id="t_ft_MQCB3BRFKG00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 137px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Provisions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Reversals </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Payments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Interest </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Acquisition of subsidiary </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 23%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IRPJ and CSLL (a<span>.1</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_IrpjAndCsllMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2467" decimals="-3" scale="3" format="ixt:num-dot-decimal">559,217</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_IrpjAndCsllMember" name="ifrs-full:AdditionalProvisionsOtherProvisions" unitRef="BRL" id="Tag2138" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,597</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_IrpjAndCsllMember" name="ifrs-full:UnusedProvisionReversedOtherProvisions" unitRef="BRL" id="Tag2414" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,717</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_IrpjAndCsllMember" name="ifrs-full:ProvisionUsedOtherProvisions" unitRef="BRL" id="Tag2429" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_IrpjAndCsllMember" name="ifrs-full:IncreaseDecreaseThroughTimeValueOfMoneyAdjustmentOtherProvisions" unitRef="BRL" id="Tag2430" decimals="-3" scale="3" format="ixt:num-dot-decimal">69,070</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_IrpjAndCsllMember" name="ugp:IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions" unitRef="BRL" id="Tag2403" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_IrpjAndCsllMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2512" decimals="-3" scale="3" format="ixt:num-dot-decimal">636,167</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Tax </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_ICMSStatevatMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2516" decimals="-3" scale="3" format="ixt:num-dot-decimal">68,434</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_ICMSStatevatMember" name="ifrs-full:AdditionalProvisionsOtherProvisions" unitRef="BRL" id="Tag276" decimals="-3" scale="3" format="ixt:num-dot-decimal">46,743</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_ICMSStatevatMember" name="ifrs-full:UnusedProvisionReversedOtherProvisions" unitRef="BRL" id="Tag2437" decimals="-3" scale="3" format="ixt:num-dot-decimal">21,148</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_ICMSStatevatMember" name="ifrs-full:ProvisionUsedOtherProvisions" unitRef="BRL" id="Tag2448" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,747</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_ICMSStatevatMember" name="ifrs-full:IncreaseDecreaseThroughTimeValueOfMoneyAdjustmentOtherProvisions" unitRef="BRL" id="Tag1170" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,101</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_ICMSStatevatMember" name="ugp:IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions" unitRef="BRL" id="Tag2396" decimals="-3" scale="3" format="ixt:num-dot-decimal">789</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_ICMSStatevatMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2481" decimals="-3" scale="3" format="ixt:num-dot-decimal">107,172</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Civil, environmental and regulatory claims </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_CivilEnvironmentalAndRegulatoryClaimsMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2458" decimals="-3" scale="3" format="ixt:num-dot-decimal">93,416</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_CivilEnvironmentalAndRegulatoryClaimsMember" name="ifrs-full:AdditionalProvisionsOtherProvisions" unitRef="BRL" id="Tag2456" decimals="-3" scale="3" format="ixt:num-dot-decimal">124,857</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_CivilEnvironmentalAndRegulatoryClaimsMember" name="ifrs-full:UnusedProvisionReversedOtherProvisions" unitRef="BRL" id="Tag2398" decimals="-3" scale="3" format="ixt:num-dot-decimal">29,402</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_CivilEnvironmentalAndRegulatoryClaimsMember" name="ifrs-full:ProvisionUsedOtherProvisions" unitRef="BRL" id="Tag2489" decimals="-3" scale="3" format="ixt:num-dot-decimal">39,071</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_CivilEnvironmentalAndRegulatoryClaimsMember" name="ifrs-full:IncreaseDecreaseThroughTimeValueOfMoneyAdjustmentOtherProvisions" unitRef="BRL" id="Tag2442" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_CivilEnvironmentalAndRegulatoryClaimsMember" name="ugp:IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions" unitRef="BRL" id="Tag9" decimals="-3" scale="3" format="ixt:num-dot-decimal">458</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_CivilEnvironmentalAndRegulatoryClaimsMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag287" decimals="-3" scale="3" format="ixt:num-dot-decimal">150,258</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Labor litigation </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_LaborLitigationMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag1167" decimals="-3" scale="3" format="ixt:num-dot-decimal">73,172</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_LaborLitigationMember" name="ifrs-full:AdditionalProvisionsOtherProvisions" unitRef="BRL" id="Tag2455" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,333</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_LaborLitigationMember" name="ifrs-full:UnusedProvisionReversedOtherProvisions" unitRef="BRL" id="Tag2463" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,308</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_LaborLitigationMember" name="ifrs-full:ProvisionUsedOtherProvisions" unitRef="BRL" id="Tag2272" decimals="-3" scale="3" format="ixt:num-dot-decimal">16,310</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_LaborLitigationMember" name="ifrs-full:IncreaseDecreaseThroughTimeValueOfMoneyAdjustmentOtherProvisions" unitRef="BRL" id="Tag2490" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,257</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_LaborLitigationMember" name="ugp:IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions" unitRef="BRL" id="Tag2446" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LaborLitigationMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2451" decimals="-3" scale="3" format="ixt:num-dot-decimal">59,144</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for indemnities (a<span>.2</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_ProvisionForIndemnitiesMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2392" decimals="-3" scale="3" format="ixt:num-dot-decimal">150,820</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_ProvisionForIndemnitiesMember" name="ifrs-full:AdditionalProvisionsOtherProvisions" unitRef="BRL" id="Tag2440" decimals="-3" scale="3" format="ixt:num-dot-decimal">32,691</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_ProvisionForIndemnitiesMember" name="ifrs-full:UnusedProvisionReversedOtherProvisions" unitRef="BRL" id="Tag2515" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,969</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_ProvisionForIndemnitiesMember" name="ifrs-full:ProvisionUsedOtherProvisions" unitRef="BRL" id="Tag2432" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_ProvisionForIndemnitiesMember" name="ifrs-full:IncreaseDecreaseThroughTimeValueOfMoneyAdjustmentOtherProvisions" unitRef="BRL" id="Tag2535" decimals="-3" scale="3" format="ixt:num-dot-decimal">28,238</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_ProvisionForIndemnitiesMember" name="ugp:IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions" unitRef="BRL" id="Tag2536" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_ProvisionForIndemnitiesMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2509" decimals="-3" scale="3" format="ixt:num-dot-decimal">203,780</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_MiscellaneousOtherProvisionsMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2531" decimals="-3" scale="3" format="ixt:num-dot-decimal">95,113</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_MiscellaneousOtherProvisionsMember" name="ifrs-full:AdditionalProvisionsOtherProvisions" unitRef="BRL" id="Tag2404" decimals="-3" scale="3" format="ixt:num-dot-decimal">47,329</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_MiscellaneousOtherProvisionsMember" name="ifrs-full:UnusedProvisionReversedOtherProvisions" unitRef="BRL" id="Tag2416" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,031</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_MiscellaneousOtherProvisionsMember" name="ifrs-full:ProvisionUsedOtherProvisions" unitRef="BRL" id="Tag2423" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_MiscellaneousOtherProvisionsMember" name="ifrs-full:IncreaseDecreaseThroughTimeValueOfMoneyAdjustmentOtherProvisions" unitRef="BRL" id="Tag2462" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,198</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_MiscellaneousOtherProvisionsMember" name="ugp:IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions" unitRef="BRL" id="Tag2395" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_MiscellaneousOtherProvisionsMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag5903" decimals="-3" scale="3" format="ixt:num-dot-decimal">147,609</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2529" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,040,172</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:AdditionalProvisionsOtherProvisions" unitRef="BRL" id="Tag2413" decimals="-3" scale="3" format="ixt:num-dot-decimal">293,550</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:UnusedProvisionReversedOtherProvisions" unitRef="BRL" id="Tag2471" decimals="-3" scale="3" format="ixt:num-dot-decimal">100,575</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ProvisionUsedOtherProvisions" unitRef="BRL" id="Tag2485" decimals="-3" scale="3" format="ixt:num-dot-decimal">70,128</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:IncreaseDecreaseThroughTimeValueOfMoneyAdjustmentOtherProvisions" unitRef="BRL" id="Tag2233" decimals="-3" scale="3" format="ixt:num-dot-decimal">139,864</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions" unitRef="BRL" id="Tag2484" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,247</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag3122" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,304,130</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231" name="ifrs-full:ShorttermLegalProceedingsProvision" unitRef="BRL" id="Tag1172" decimals="-3" scale="3" format="ixt:num-dot-decimal">22,837</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:ShorttermLegalProceedingsProvision" unitRef="BRL" id="Tag2425" decimals="-3" scale="3" format="ixt:num-dot-decimal">45,828</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231" name="ifrs-full:LongtermLegalProceedingsProvision" unitRef="BRL" id="Tag2449" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,017,335</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:LongtermLegalProceedingsProvision" unitRef="BRL" id="Tag2372" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,258,302</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"> <br/></p>
<div style="border-left: none; border-right: none;">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 152px;" width="100%">
<tbody>
<tr style="height: 31px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Provisions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> Balance as of 12/31/2021 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Reversals </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Payments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Interest </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Acquisition of subsidiary </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> Balance as of 12/31/2022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 23%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IRPJ and CSLL (a<span>.1</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_IrpjAndCsllMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2410" decimals="-3" scale="3" format="ixt:num-dot-decimal">552,172</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_IrpjAndCsllMember" name="ifrs-full:AdditionalProvisionsOtherProvisions" unitRef="BRL" id="Tag2517" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,154</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_IrpjAndCsllMember" name="ifrs-full:UnusedProvisionReversedOtherProvisions" unitRef="BRL" id="Tag2537" decimals="-3" scale="3" format="ixt:num-dot-decimal">36,683</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 1%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_IrpjAndCsllMember" name="ifrs-full:ProvisionUsedOtherProvisions" unitRef="BRL" id="Tag2496" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_IrpjAndCsllMember" name="ifrs-full:IncreaseDecreaseThroughTimeValueOfMoneyAdjustmentOtherProvisions" unitRef="BRL" id="Tag2417" decimals="-3" scale="3" format="ixt:num-dot-decimal">36,574</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_IrpjAndCsllMember" name="ugp:IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions" unitRef="BRL" id="Tag2469" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_IrpjAndCsllMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2468" decimals="-3" scale="3" format="ixt:num-dot-decimal">559,217</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 1%;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Tax </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_ICMSStatevatMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2399" decimals="-3" scale="3" format="ixt:num-dot-decimal">84,155</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ICMSStatevatMember" name="ifrs-full:AdditionalProvisionsOtherProvisions" unitRef="BRL" id="Tag2393" decimals="-3" scale="3" format="ixt:num-dot-decimal">35,238</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_ICMSStatevatMember" name="ifrs-full:UnusedProvisionReversedOtherProvisions" unitRef="BRL" id="Tag2349" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,907</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_ICMSStatevatMember" name="ifrs-full:ProvisionUsedOtherProvisions" unitRef="BRL" id="Tag278" decimals="-3" scale="3" format="ixt:num-dot-decimal">38,097</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ICMSStatevatMember" name="ifrs-full:IncreaseDecreaseThroughTimeValueOfMoneyAdjustmentOtherProvisions" unitRef="BRL" id="Tag2110" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,045</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ICMSStatevatMember" name="ugp:IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions" unitRef="BRL" id="Tag2441" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_ICMSStatevatMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2167" decimals="-3" scale="3" format="ixt:num-dot-decimal">68,434</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Civil, environmental and regulatory claims </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_CivilEnvironmentalAndRegulatoryClaimsMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2434" decimals="-3" scale="3" format="ixt:num-dot-decimal">108,761</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_CivilEnvironmentalAndRegulatoryClaimsMember" name="ifrs-full:AdditionalProvisionsOtherProvisions" unitRef="BRL" id="Tag2475" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,326</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_CivilEnvironmentalAndRegulatoryClaimsMember" name="ifrs-full:UnusedProvisionReversedOtherProvisions" unitRef="BRL" id="Tag280" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,980</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_CivilEnvironmentalAndRegulatoryClaimsMember" name="ifrs-full:ProvisionUsedOtherProvisions" unitRef="BRL" id="Tag279" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,700</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_CivilEnvironmentalAndRegulatoryClaimsMember" name="ifrs-full:IncreaseDecreaseThroughTimeValueOfMoneyAdjustmentOtherProvisions" unitRef="BRL" id="Tag2405" decimals="-3" scale="3" format="ixt:num-dot-decimal">9</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_CivilEnvironmentalAndRegulatoryClaimsMember" name="ugp:IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions" unitRef="BRL" id="Tag1166" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_CivilEnvironmentalAndRegulatoryClaimsMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2418" decimals="-3" scale="3" format="ixt:num-dot-decimal">93,416</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Labor litigation </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_LaborLitigationMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2453" decimals="-3" scale="3" format="ixt:num-dot-decimal">95,460</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_LaborLitigationMember" name="ifrs-full:AdditionalProvisionsOtherProvisions" unitRef="BRL" id="Tag2482" decimals="-3" scale="3" format="ixt:num-dot-decimal">22,663</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_LaborLitigationMember" name="ifrs-full:UnusedProvisionReversedOtherProvisions" unitRef="BRL" id="Tag4066" decimals="-3" scale="3" format="ixt:num-dot-decimal">22,387</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_LaborLitigationMember" name="ifrs-full:ProvisionUsedOtherProvisions" unitRef="BRL" id="Tag2473" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,142</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_LaborLitigationMember" name="ifrs-full:IncreaseDecreaseThroughTimeValueOfMoneyAdjustmentOtherProvisions" unitRef="BRL" id="Tag2493" decimals="-3" scale="3" format="ixt:num-dot-decimal">578</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LaborLitigationMember" name="ugp:IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions" unitRef="BRL" id="Tag2389" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_LaborLitigationMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2494" decimals="-3" scale="3" format="ixt:num-dot-decimal">73,172</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for indemnities (a<span>.2</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_ProvisionForIndemnitiesMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2294" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ProvisionForIndemnitiesMember" name="ifrs-full:AdditionalProvisionsOtherProvisions" unitRef="BRL" id="Tag1164" decimals="-3" scale="3" format="ixt:num-dot-decimal">150,820</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ProvisionForIndemnitiesMember" name="ifrs-full:UnusedProvisionReversedOtherProvisions" unitRef="BRL" id="Tag2523" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ProvisionForIndemnitiesMember" name="ifrs-full:ProvisionUsedOtherProvisions" unitRef="BRL" id="Tag2412" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ProvisionForIndemnitiesMember" name="ifrs-full:IncreaseDecreaseThroughTimeValueOfMoneyAdjustmentOtherProvisions" unitRef="BRL" id="Tag3775" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_ProvisionForIndemnitiesMember" name="ugp:IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions" unitRef="BRL" id="Tag284" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_ProvisionForIndemnitiesMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2411" decimals="-3" scale="3" format="ixt:num-dot-decimal">150,820</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231_MiscellaneousOtherProvisionsMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag1174" decimals="-3" scale="3" format="ixt:num-dot-decimal">91,637</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_MiscellaneousOtherProvisionsMember" name="ifrs-full:AdditionalProvisionsOtherProvisions" unitRef="BRL" id="Tag2400" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,812</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_MiscellaneousOtherProvisionsMember" name="ifrs-full:UnusedProvisionReversedOtherProvisions" unitRef="BRL" id="Tag277" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,850</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_MiscellaneousOtherProvisionsMember" name="ifrs-full:ProvisionUsedOtherProvisions" unitRef="BRL" id="Tag2402" decimals="-3" scale="3" format="ixt:fixed-zero">- </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_MiscellaneousOtherProvisionsMember" name="ifrs-full:IncreaseDecreaseThroughTimeValueOfMoneyAdjustmentOtherProvisions" unitRef="BRL" id="Tag3232" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,514</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_MiscellaneousOtherProvisionsMember" name="ugp:IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions" unitRef="BRL" id="Tag2271" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_MiscellaneousOtherProvisionsMember" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2472" decimals="-3" scale="3" format="ixt:num-dot-decimal">95,113</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2397" decimals="-3" scale="3" format="ixt:num-dot-decimal">932,185</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:AdditionalProvisionsOtherProvisions" unitRef="BRL" id="Tag1169" decimals="-3" scale="3" format="ixt:num-dot-decimal">239,013</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:UnusedProvisionReversedOtherProvisions" unitRef="BRL" id="Tag1173" decimals="-3" scale="3" format="ixt:num-dot-decimal">87,807</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:ProvisionUsedOtherProvisions" unitRef="BRL" id="Tag2466" decimals="-3" scale="3" format="ixt:num-dot-decimal">84,939</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:IncreaseDecreaseThroughTimeValueOfMoneyAdjustmentOtherProvisions" unitRef="BRL" id="Tag2476" decimals="-3" scale="3" format="ixt:num-dot-decimal">41,720</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231" name="ifrs-full:OtherProvisions" unitRef="BRL" id="Tag2534" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,040,172</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231" name="ifrs-full:ShorttermLegalProceedingsProvision" unitRef="BRL" id="Tag2289" decimals="-3" scale="3" format="ixt:num-dot-decimal">119,942</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231" name="ifrs-full:ShorttermLegalProceedingsProvision" unitRef="BRL" id="Tag2479" decimals="-3" scale="3" format="ixt:num-dot-decimal">22,837</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20211231" name="ifrs-full:LongtermLegalProceedingsProvision" unitRef="BRL" id="Tag2478" decimals="-3" scale="3" format="ixt:num-dot-decimal">812,243</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20221231" name="ifrs-full:LongtermLegalProceedingsProvision" unitRef="BRL" id="Tag2253" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,017,335</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td> </tr> </tbody> </table> </div> </ix:nonNumeric>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p>
<div>
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>F-58</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<table xmlns="http://www.w3.org/1999/xhtml" style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
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<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important; line-height: inherit;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, 2023 and 2022</span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table>
<p xmlns="http://www.w3.org/1999/xhtml" style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p> </ix:exclude> </div>
<ix:nonNumeric contextRef="D20241231" name="ugp:SummaryOfBalancesOfEscrowDepositsTableTextBlock" id="Tag1206" escape="true">
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Balances of escrow deposits by nature are as follows:</span></p>
<div id="t_ft_O27FZOFXQO00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 57px; width: 100%;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 78%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Tax (a<span>.1</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TaxMattersMember" name="ifrs-full:LongtermDeposits" unitRef="BRL" id="Tag2454" decimals="-3" scale="3" format="ixt:num-dot-decimal">306,593</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TaxMattersMember" name="ifrs-full:LongtermDeposits" unitRef="BRL" id="Tag1168" decimals="-3" scale="3" format="ixt:num-dot-decimal">856,830</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Labor </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaborLitigationMember" name="ifrs-full:LongtermDeposits" unitRef="BRL" id="Tag2415" decimals="-3" scale="3" format="ixt:num-dot-decimal">24,070</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LaborLitigationMember" name="ifrs-full:LongtermDeposits" unitRef="BRL" id="Tag2350" decimals="-3" scale="3" format="ixt:num-dot-decimal">37,715</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Civil and others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_CivilEnvironmentalAndRegulatoryClaimsMember" name="ifrs-full:LongtermDeposits" unitRef="BRL" id="Tag2236" decimals="-3" scale="3" format="ixt:num-dot-decimal">115,413</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_CivilEnvironmentalAndRegulatoryClaimsMember" name="ifrs-full:LongtermDeposits" unitRef="BRL" id="Tag2426" decimals="-3" scale="3" format="ixt:num-dot-decimal">138,172</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:LongtermDeposits" unitRef="BRL" id="Tag2504" decimals="-3" scale="3" format="ixt:num-dot-decimal">446,076</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:LongtermDeposits" unitRef="BRL" id="Tag2507" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,032,717</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> </tbody> </table> </div> </ix:nonNumeric>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In the year ended December 31, 2024, the monetary variation on escrow deposits amounted to R$ <ix:nonFraction contextRef="D20241231" name="ugp:AdjustmentOnEscrowDeposits" unitRef="BRL" id="Tag2495" decimals="-3" scale="3" format="ixt:num-dot-decimal">45,336</ix:nonFraction> (R$ <ix:nonFraction contextRef="D20231231_35" name="ugp:AdjustmentOnEscrowDeposits" unitRef="BRL" id="Tag2503" decimals="-3" scale="3" format="ixt:num-dot-decimal">62,217</ix:nonFraction> as of December 31, 2023 and R$ <ix:nonFraction contextRef="D20221231" name="ugp:AdjustmentOnEscrowDeposits" unitRef="BRL" id="Tag2488" decimals="-3" scale="3" format="ixt:num-dot-decimal">26,969</ix:nonFraction> as of December 31, 2022), recorded with a corresponding entry to financial income in profit or loss.</span></p>
<p style="margin: 2pt 0pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a.<span>1</span> Provision for tax matters</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On October 7, 2005, subsidiaries Ultragaz and Bahiana filed a writ of mandamus, in which a preliminary injunction was granted, later confirmed in a favorable lower court ruling on May 16, 2008. The decision authorized the offsetting of PIS and COFINS credits on the acquisition of LPG against debts from other federal taxes, and required them to make escrow deposits until the outcome of the litigation. On July 18, 2014, after an appellate court unfavorable decision, aligned with the STJ case law (Case <span>1.093</span>), the subsidiaries suspended the escrow deposits and resumed the payment of the taxes. On October 21, 2024, with the withdrawal of the proceeding and a final and unappealable decision, the provision relating to this thesis was reverted and the escrow deposits, in the amount of R$ <ix:nonFraction contextRef="D20241021" name="ugp:DecreaseThroughProvisionForTaxMattersReversedEscrowDeposits" unitRef="BRL" id="Tag2461" decimals="-3" scale="3" format="ixt:num-dot-decimal">621,009</ix:nonFraction>, were fully drawn down by the Federal Government, with no impact on profit or loss.</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a.<span>2</span> Provision for indemnities</span></p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On April 1, 2022, Ultrapar concluded the sale of Oxiteno, assuming the responsibility for losses resulting from acts that occurred prior to the closing of the transaction, pursuant to the purchase and sale agreement. The total provision recorded for the reimbursement to Indorama, in the event the losses materialize, is R$ <ix:nonFraction contextRef="I20241231_DiscontinuedOperationsMember_OxitenoIndustriaComercioMember" name="ugp:ProvisionForIndemnities" unitRef="BRL" id="Tag2519" decimals="-3" scale="3" format="ixt:num-dot-decimal">174,408</ix:nonFraction> (R$ <ix:nonFraction contextRef="I20231231_DiscontinuedOperationsMember_OxitenoIndustriaComercioMember" name="ugp:ProvisionForIndemnities" unitRef="BRL" id="Tag2513" decimals="-3" scale="3" format="ixt:num-dot-decimal">168,567</ix:nonFraction> as of December 31, 2023), of which R$ <ix:nonFraction contextRef="I20241231_DiscontinuedOperationsMember_OxitenoIndustriaComercioMember" name="ugp:ProvisionForIndemnitiesRelatedToLaborClaims" unitRef="BRL" id="Tag1165" decimals="-3" scale="3" format="ixt:num-dot-decimal">95,274</ix:nonFraction> (R$ <ix:nonFraction contextRef="I20231231_DiscontinuedOperationsMember_OxitenoIndustriaComercioMember" name="ugp:ProvisionForIndemnitiesRelatedToLaborClaims" unitRef="BRL" id="Tag2313" decimals="-3" scale="3" format="ixt:num-dot-decimal">92,823</ix:nonFraction> as of December 31, 2023) for labor claims, R$ <ix:nonFraction contextRef="I20241231_DiscontinuedOperationsMember_OxitenoIndustriaComercioMember" name="ugp:ProvisionForIndemnitiesRelatedToCivilClaims" unitRef="BRL" id="Tag2424" decimals="-3" scale="3" format="ixt:num-dot-decimal">26,074</ix:nonFraction> (R$ <ix:nonFraction contextRef="I20231231_DiscontinuedOperationsMember_OxitenoIndustriaComercioMember" name="ugp:ProvisionForIndemnitiesRelatedToCivilClaims" unitRef="BRL" id="Tag2443" decimals="-3" scale="3" format="ixt:num-dot-decimal">17,584</ix:nonFraction> as of December 31, 2023) for civil claims and R$ <ix:nonFraction contextRef="I20241231_DiscontinuedOperationsMember_OxitenoIndustriaComercioMember" name="ugp:ProvisionForIndemnitiesRelatedToTaxClaims" unitRef="BRL" id="Tag2421" decimals="-3" scale="3" format="ixt:num-dot-decimal">53,060</ix:nonFraction> (R$ <ix:nonFraction contextRef="I20231231_DiscontinuedOperationsMember_OxitenoIndustriaComercioMember" name="ugp:ProvisionForIndemnitiesRelatedToTaxClaims" unitRef="BRL" id="Tag2436" decimals="-3" scale="3" format="ixt:num-dot-decimal">58,160</ix:nonFraction> as of December 31, 2023) for tax claims.</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On August 1, 2022, Ultrapar also concluded the sale of Extrafarma with subsidiary Ipiranga assuming the responsibility for losses prior to the closing of the transaction. Thus, a provision for the reimbursement to Pague Menos was recorded, in the event the losses materialize, totaling R$ <ix:nonFraction contextRef="I20241231_DiscontinuedOperationsMember_ExtrafarmaMember" name="ugp:ProvisionForIndemnities" unitRef="BRL" id="Tag2226" decimals="-3" scale="3" format="ixt:num-dot-decimal">32,400</ix:nonFraction> as of December 31, 2024 (R$ <ix:nonFraction contextRef="I20231231_DiscontinuedOperationsMember_ExtrafarmaMember" name="ugp:ProvisionForIndemnities" unitRef="BRL" id="Tag2315" decimals="-3" scale="3" format="ixt:num-dot-decimal">35,074</ix:nonFraction> as of December 31, 2023) referring to the provision for indemnity, of which R$ <ix:nonFraction contextRef="I20241231_DiscontinuedOperationsMember_ExtrafarmaMember" name="ugp:ProvisionForIndemnitiesRelatedToLaborClaims" unitRef="BRL" id="Tag2474" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,074</ix:nonFraction> (R$ <ix:nonFraction contextRef="I20231231_DiscontinuedOperationsMember_ExtrafarmaMember" name="ugp:ProvisionForIndemnitiesRelatedToLaborClaims" unitRef="BRL" id="Tag2148" decimals="-3" scale="3" format="ixt:num-dot-decimal">16,259</ix:nonFraction> as of December 31, 2023) for labor claims, R$ <ix:nonFraction contextRef="I20241231_DiscontinuedOperationsMember_ExtrafarmaMember" name="ugp:ProvisionForIndemnitiesRelatedToCivilClaims" unitRef="BRL" id="Tag2178" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,007</ix:nonFraction> (R$ <ix:nonFraction contextRef="I20231231_DiscontinuedOperationsMember_ExtrafarmaMember" name="ugp:ProvisionForIndemnitiesRelatedToCivilClaims" unitRef="BRL" id="Tag2391" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,420</ix:nonFraction> as of December 31, 2023) for civil claims and R$ <ix:nonFraction contextRef="I20241231_DiscontinuedOperationsMember_ExtrafarmaMember" name="ugp:ProvisionForIndemnitiesRelatedToTaxClaims" unitRef="BRL" id="Tag2431" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,319</ix:nonFraction> (R$ <ix:nonFraction contextRef="I20231231_DiscontinuedOperationsMember_ExtrafarmaMember" name="ugp:ProvisionForIndemnitiesRelatedToTaxClaims" unitRef="BRL" id="Tag2380" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,395</ix:nonFraction> as of December 31, 2023) for tax claims.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Contingent liabilities (possible)</span></p>
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries are parties to tax, civil, environmental, regulatory, and labor claims whose likelihood of loss is assessed by the legal departments of the Company and its subsidiaries as possible, based on the analysis and opinion of their external legal advisors. Based on these assessments, no provision for these contingencies was recorded in the financial statements.</span></p>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfContingentLiabilitiesExplanatory" id="Tag168" escape="true">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 71px; width: 99.8642%;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Contingent liabilities (possible) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 78%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Tax (b<span>.1</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TaxContingentLiabilityMember" name="ugp:PossibleContingency" unitRef="BRL" id="Tag2508" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,176,046</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TaxContingentLiabilityMember" name="ugp:PossibleContingency" unitRef="BRL" id="Tag2460" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,148,224</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Civil (b<span>.2</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_CivilContingentLiabilityMember" name="ugp:PossibleContingency" unitRef="BRL" id="Tag2518" decimals="-3" scale="3" format="ixt:num-dot-decimal">815,203</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_CivilContingentLiabilityMember" name="ugp:PossibleContingency" unitRef="BRL" id="Tag283" decimals="-3" scale="3" format="ixt:num-dot-decimal">624,653</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Labor </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaborContingentLiabilityMember" name="ugp:PossibleContingency" unitRef="BRL" id="Tag2447" decimals="-3" scale="3" format="ixt:num-dot-decimal">293,938</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_LaborContingentLiabilityMember" name="ugp:PossibleContingency" unitRef="BRL" id="Tag2161" decimals="-3" scale="3" format="ixt:num-dot-decimal">240,515</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:PossibleContingency" unitRef="BRL" id="Tag4197" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,285,187</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:PossibleContingency" unitRef="BRL" id="Tag285" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,013,392</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> </tbody> </table> </ix:nonNumeric>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p>
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<ix:exclude>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>F-59</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<table xmlns="http://www.w3.org/1999/xhtml" style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
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<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important; line-height: inherit;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, 2023 and 2022</span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table>
<p xmlns="http://www.w3.org/1999/xhtml" style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p> </ix:exclude> </div>
<p style="margin: 2pt 0pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b.<span>1</span> Contingent tax liabilities</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries are also parties to administrative and judicial proceedings involving IRPJ, CSLL, PIS and COFINS, substantially involving denials of offset claims and credit disallowance which total R$ <ix:nonFraction contextRef="I20241231" name="ugp:OffsetClaimsAndCreditDisallowances" unitRef="BRL" id="Tag2219" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,049,421</ix:nonFraction> in December 31, 2024 (R$ <ix:nonFraction contextRef="I20231231" name="ugp:OffsetClaimsAndCreditDisallowances" unitRef="BRL" id="Tag2254" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,394,010</ix:nonFraction> as of December 31, 2023), mainly represented by a tax assessment related to the IRPJ and CSLL resulting from the alleged undue amortization of the goodwill paid on the acquisition of investments, in the amount of R$ <ix:nonFraction contextRef="I20241231" name="ugp:AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary" unitRef="BRL" id="Tag2439" decimals="-3" scale="3" format="ixt:num-dot-decimal">266,619</ix:nonFraction> as of December 31, 2024 (R$ <ix:nonFraction contextRef="I20231231" name="ugp:AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary" unitRef="BRL" id="Tag2401" decimals="-3" scale="3" format="ixt:num-dot-decimal">251,789</ix:nonFraction> as of December 31, 2023).</span></p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Additionally, subsidiary Ipiranga and its subsidiaries have legal proceedings related to ICMS totaling R$ <ix:nonFraction contextRef="I20241231" name="ugp:LegalProceedingsRelatedToIcms" unitRef="BRL" id="Tag2314" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,357,445</ix:nonFraction> as of December 31, 2024 (R$ <ix:nonFraction contextRef="I20231231" name="ugp:LegalProceedingsRelatedToIcms" unitRef="BRL" id="Tag2408" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,380,424</ix:nonFraction> as of December 31, 2023). The main proceedings include: i) credits considered undue in the amount of R$ <ix:nonFraction contextRef="I20241231" name="ugp:IcmsCredits" unitRef="BRL" id="Tag2505" decimals="-3" scale="3" format="ixt:num-dot-decimal">94,640</ix:nonFraction> as of December 31, 2024 (R$ <ix:nonFraction contextRef="I20231231" name="ugp:IcmsCredits" unitRef="BRL" id="Tag5429" decimals="-3" scale="3" format="ixt:num-dot-decimal">149,061</ix:nonFraction> as of December 31, 2023), ii) alleged non-payment in the amount of R$ <ix:nonFraction contextRef="D20241231" name="ugp:ReversalOfAllegedNonpayment" unitRef="BRL" id="Tag2420" decimals="-3" scale="3" format="ixt:num-dot-decimal">154,914</ix:nonFraction> as of December 31, 2024 (R$ <ix:nonFraction contextRef="D20231231_35" name="ugp:ReversalOfAllegedNonpayment" unitRef="BRL" id="Tag2438" decimals="-3" scale="3" format="ixt:num-dot-decimal">196,693</ix:nonFraction> as of December 31, 2023); iii) conditioned fruition of tax incentive in the amount of R$ <ix:nonFraction contextRef="D20241231" name="ugp:ReversalOfConditionedFruitionOfFiscalIncentive" unitRef="BRL" id="Tag2465" decimals="-3" scale="3" format="ixt:num-dot-decimal">191,549</ix:nonFraction> as of December 31, 2024 (R$ <ix:nonFraction contextRef="D20231231_35" name="ugp:ReversalOfConditionedFruitionOfFiscalIncentive" unitRef="BRL" id="Tag1171" decimals="-3" scale="3" format="ixt:num-dot-decimal">193,912</ix:nonFraction> as of December 31, 2023); iv) inventory differences in the amount of R$ <ix:nonFraction contextRef="D20241231" name="ugp:ReversalOfInventoryDifferences" unitRef="BRL" id="Tag2444" decimals="-3" scale="3" format="ixt:num-dot-decimal">279,448</ix:nonFraction> as of December 31, 2024 (R$ <ix:nonFraction contextRef="D20231231_35" name="ugp:ReversalOfInventoryDifferences" unitRef="BRL" id="Tag286" decimals="-3" scale="3" format="ixt:num-dot-decimal">282,254</ix:nonFraction> as of December 31, 2023); v) <ix:nonFraction contextRef="D20241231_SubsidiaryIPPMember" name="ugp:SurchargeRateOnNonEssentialProducts" unitRef="Pure" id="Tag2196" decimals="2" scale="-2" format="ixt:num-dot-decimal">2</ix:nonFraction>% surcharge on products considered non-essential (hydrated ethanol) in the amount of R$ <ix:nonFraction contextRef="D20241231" name="ugp:SurchargeOnNonEssentialProducts" unitRef="BRL" id="Tag288" decimals="-3" scale="3" format="ixt:num-dot-decimal">223,691</ix:nonFraction> as of December 31, 2024 (R$ <ix:nonFraction contextRef="D20231231_35" name="ugp:SurchargeOnNonEssentialProducts" unitRef="BRL" id="Tag2358" decimals="-3" scale="3" format="ixt:num-dot-decimal">271,518</ix:nonFraction> as of December 31, 2023).</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In addition, subsidiary Ipiranga and its subsidiaries are discussing the offset of excise tax (&#8220;IPI&#8221;) credits related to raw materials used in the manufacturing of products subject to taxation, which were subsequently sold and were not subject to IPI under the tax immunity. The amount of this contingency is R$ <ix:nonFraction contextRef="I20241231" name="ugp:IpiContingency" unitRef="BRL" id="Tag2498" decimals="-3" scale="3" format="ixt:num-dot-decimal">194,508</ix:nonFraction> as of December 31, 2024 (R$ <ix:nonFraction contextRef="I20231231" name="ugp:IpiContingency" unitRef="BRL" id="Tag2470" decimals="-3" scale="3" format="ixt:num-dot-decimal">185,388</ix:nonFraction> as of December 31, 2023). </span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b.<span>2</span> Contingent civil liabilities</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The main contingent civil liabilities refers to&#160;Ultragaz totaling R$ <ix:nonFraction contextRef="I20241231_CiaUltragazMember" name="ugp:ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims" unitRef="BRL" id="Tag2172" decimals="-3" scale="3" format="ixt:num-dot-decimal">187,460</ix:nonFraction> as of December 31, 2024 (R$ <ix:nonFraction contextRef="I20231231_CiaUltragazMember" name="ugp:ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims" unitRef="BRL" id="Tag2506" decimals="-3" scale="3" format="ixt:num-dot-decimal">113,756</ix:nonFraction> as of December 31, 2023) were filed by resellers seeking indemnity, nullity and termination of distribution agreements.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Lubricants operation between Ipiranga and Chevron</span></p>
<p style="margin: 5pt 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The provisions of shareholder Chevron&#8217;s liability amount to R$ <ix:nonFraction contextRef="I20241231_ChevronAndSubsidiaryIPPMember" name="ifrs-full:LegalProceedingsProvision" unitRef="BRL" id="Tag2422" decimals="-3" scale="3" format="ixt:num-dot-decimal">36,146</ix:nonFraction> (R$ <ix:nonFraction contextRef="I20231231_ChevronAndSubsidiaryIPPMember" name="ifrs-full:LegalProceedingsProvision" unitRef="BRL" id="Tag2502" decimals="-3" scale="3" format="ixt:num-dot-decimal">29,022</ix:nonFraction> as of December 31, 2023), for which an indemnity asset was recorded, referring mainly to: i) R$ <ix:nonFraction contextRef="I20241231_ChevronAndSubsidiaryIPPMember" name="ugp:ContingentLiabilitiesForTaxAssessmentsOnSales" unitRef="BRL" id="Tag2510" decimals="-3" scale="3" format="ixt:num-dot-decimal">32,380</ix:nonFraction> (R$ <ix:nonFraction contextRef="I20231231_ChevronAndSubsidiaryIPPMember" name="ugp:ContingentLiabilitiesForTaxAssessmentsOnSales" unitRef="BRL" id="Tag4329" decimals="-3" scale="3" format="ixt:num-dot-decimal">25,777</ix:nonFraction> as of December 31, 2023) in ICMS assessments on sales for industrial purposes, in which the STF closed the judgment of the thesis unfavorably to taxpayers; ii) R$ <ix:nonFraction contextRef="I20241231_ChevronAndSubsidiaryIPPMember" name="ugp:ContingentLiabilitiesForLaborMatters" unitRef="BRL" id="Tag2483" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,545</ix:nonFraction> (R$ <ix:nonFraction contextRef="I20231231_ChevronAndSubsidiaryIPPMember" name="ugp:ContingentLiabilitiesForLaborMatters" unitRef="BRL" id="Tag2342" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,020</ix:nonFraction> as of December 31, 2023) in labor claims. </span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Additionally, due to a business combination, on December 1, 2017, a provision of R$ <ix:nonFraction contextRef="I20171201_ChevronAndSubsidiaryIPPMember_SubsidiaryIPPMember" name="ifrs-full:LegalProceedingsProvision" unitRef="BRL" id="Tag2464" decimals="-3" scale="3" format="ixt:num-dot-decimal">198,900</ix:nonFraction> was recorded relating to contingent liabilities and an indemnification asset in the same amount was recognized, with a current balance of R$ <ix:nonFraction contextRef="I20241231_ChevronAndSubsidiaryIPPMember_SubsidiaryIPPMember" name="ifrs-full:LegalProceedingsProvision" unitRef="BRL" id="Tag2351" decimals="-3" scale="3" format="ixt:num-dot-decimal">89,952</ix:nonFraction> as of December 31, 2024 (R$ <ix:nonFraction contextRef="I20231231_ChevronAndSubsidiaryIPPMember_SubsidiaryIPPMember" name="ifrs-full:LegalProceedingsProvision" unitRef="BRL" id="Tag2419" decimals="-3" scale="3" format="ixt:num-dot-decimal">95,905</ix:nonFraction> as of December 31, 2023). The amounts of provisions and contingent liabilities related to the business combination and the liability of the shareholder Chevron will be reimbursed to subsidiary Iconic in the event of losses without the need to recognize an allowance for expected credit losses.</span></p> </div> </ix:nonNumeric> </div> </div><div style="font-family: 'times new roman', times; font-size: 10pt;">
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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><br/></p>
<ix:nonNumeric contextRef="D20241231" name="ugp:DisclosureOfSubscriptionWarrantsExplanatory" id="Tag213" escape="true">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;">19</span>. Subscription warrants &#8211; indemnification</span><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bnd432_183202515057384" class="customBookmark">&#160;</a></div>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Because of the association between the Company and Extrafarma on January 31, 2014, <ix:nonFraction contextRef="D20240131_ExtrafarmaMember" name="ugp:SubscriptionWarrantsSharesIssued" unitRef="Shares" id="Tag4194" decimals="0" format="ixt:num-dot-decimal">7</ix:nonFraction> subscription warrants &#8211; indemnification were issued, corresponding to up to <ix:nonFraction contextRef="D20240131_ExtrafarmaMember" name="ugp:MaximumNumberOfSharesToBeIssuedSubscriptionWarrants" unitRef="Shares" id="Tag4113" decimals="0" format="ixt:num-dot-decimal">6,411,244</ix:nonFraction> shares of the Company. </span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On February 23, 2022, August 3, 2022, February 15, 2023, August 9, 2023, February 28, 2024 and August 7, 2024, the Board of Directors confirmed the issuance of <ix:nonFraction contextRef="I20220223_ExtrafarmaMember" name="ugp:ExerciseOfWarrantsRightsOutstanding" unitRef="Shares" id="Tag4112" decimals="0" format="ixt:num-dot-decimal">43,925</ix:nonFraction>, <ix:nonFraction contextRef="I20220803_ExtrafarmaMember" name="ugp:ExerciseOfWarrantsRightsOutstanding" unitRef="Shares" id="Tag4111" decimals="0" format="ixt:num-dot-decimal">21,472</ix:nonFraction>, <ix:nonFraction contextRef="I20230215_ExtrafarmaMember" name="ugp:ExerciseOfWarrantsRightsOutstanding" unitRef="Shares" id="Tag4092" decimals="0" format="ixt:num-dot-decimal">31,211</ix:nonFraction>, <ix:nonFraction contextRef="I20230809_ExtrafarmaMember" name="ugp:ExerciseOfWarrantsRightsOutstanding" unitRef="Shares" id="Tag4091" decimals="0" format="ixt:num-dot-decimal">8,199</ix:nonFraction>, <ix:nonFraction contextRef="I20240228_ExtrafarmaMember" name="ugp:ExerciseOfWarrantsRightsOutstanding" unitRef="Shares" id="Tag4090" decimals="0" format="ixt:num-dot-decimal">191,778</ix:nonFraction> and <ix:nonFraction contextRef="I20240807_ExtrafarmaMember" name="ugp:ExerciseOfWarrantsRightsOutstanding" unitRef="Shares" id="Tag4089" decimals="0" format="ixt:num-dot-decimal">35,235</ix:nonFraction>, respectively, common shares within the authorized capital limit provided by article <span>6</span> of the Company&#8217;s Bylaws, due to the partial exercise of the rights conferred by the subscription warrants.</span></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As set out in the association agreement between the Company and Extrafarma of January 31, 2014 and due to the unfavorable decisions on some lawsuits with triggering events prior to January 31, 2014, <ix:nonFraction contextRef="D20240131_ExtrafarmaMember" name="ugp:NumberOfSharesCanceledAndNotIssuedWhichLinkedToSubscriptionWarrantsIndemnification" unitRef="Shares" id="Tag4088" decimals="0" format="ixt:num-dot-decimal">775,291</ix:nonFraction> shares linked to the subscription warrants &#8211; indemnification were canceled and not issued. As of December 31, 2024, R$ <ix:nonFraction contextRef="D20241231_ExtrafarmaMember" name="ifrs-full:FinanceIncome" unitRef="BRL" id="Tag4087" decimals="-3" scale="3" format="ixt:num-dot-decimal">31,657</ix:nonFraction> was recorded as financial income (financial expenses of R$ <ix:nonFraction contextRef="D20231231_ExtrafarmaMember" name="ifrs-full:FinanceCosts" unitRef="BRL" id="Tag5878" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">45,084</ix:nonFraction> as of December 31, 2023 and financial income of R$ <ix:nonFraction contextRef="D20221231_ExtrafarmaMember" name="ifrs-full:FinanceIncome" unitRef="BRL" id="Tag665" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,099</ix:nonFraction> as of December 31, 2022) due to the update of subscription warrants, and <ix:nonFraction contextRef="I20241231_ExtrafarmaMember" name="ugp:SubscriptionWarrantsShares" unitRef="Shares" id="Tag4323" decimals="0" format="ixt:num-dot-decimal">3,006,641</ix:nonFraction> shares linked to subscription warrants &#8211; indemnification remain retained which may be issued or canceled depending on whether the final decisions on the lawsuits will be favorable or unfavorable, being the maximum number of shares that can be issued in the future, totaling R$ <ix:nonFraction contextRef="I20241231_ExtrafarmaMember" name="ugp:SubscriptionWarrants" unitRef="BRL" id="Tag5792" decimals="-3" scale="3" format="ixt:num-dot-decimal">47,745</ix:nonFraction> (R$ <ix:nonFraction contextRef="I20231231_ExtrafarmaMember" name="ugp:SubscriptionWarrants" unitRef="BRL" id="Tag4114" decimals="-3" scale="3" format="ixt:num-dot-decimal">87,299</ix:nonFraction> as of December 31, 2023).</span></p> </ix:nonNumeric>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-60</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div> </div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="line-height: 1.2;">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
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<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, 2023 and 2022</span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> <br/>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" id="Tag846" escape="true">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><span style="color: #ffffff; font-size: 10pt; font-weight: bold; line-height: inherit;"><span>20</span></span><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bnd221_183202515324773" class="customBookmark"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #ffffff;">. <span style="color: #ffffff; font-weight: bold;">Equity</span></span></a></div>
<p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Share capital</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As of December 31, 2024, the subscribed and paid-up capital consists of <ix:nonFraction contextRef="I20241231_OrdinarySharesMember" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" unitRef="Shares" id="Tag2155" decimals="0" format="ixt:num-dot-decimal">1,115,439,503</ix:nonFraction> common shares with <ix:nonFraction contextRef="I20241231_OrdinarySharesMember" name="ifrs-full:ParValuePerShare" unitRef="BRLPerShare" id="Tag1000" decimals="0" format="ixt-sec:numwordsen">no</ix:nonFraction> par value (<ix:nonFraction contextRef="I20231231_OrdinarySharesMember" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" unitRef="Shares" id="Tag4962" decimals="0" format="ixt:num-dot-decimal">1,115,212,490</ix:nonFraction> as of December 31, 2023), and the issuance of preferred shares and participation certificates is prohibited. <ix:nonNumeric contextRef="D20241231" name="ifrs-full:RightsPreferencesAndRestrictionsAttachingToClassOfShareCapital" id="Tag2124" escape="false">Each common share entitles its holder to one vote at Shareholders&#8217; Meetings.</ix:nonNumeric></span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On April 19, 2023 the Ordinary General Shareholders&#8217; Meeting approved the increase in the Company's capital in the total amount of R$ <ix:nonFraction contextRef="D20230419" name="ifrs-full:IncreaseDecreaseThroughTransferToStatutoryReserve" unitRef="BRL" id="Tag2334" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,450,000</ix:nonFraction>, without the issuance of shares, through the incorporation into the share capital of part of the amounts recorded in the statutory reserve for investments, of R$ <ix:nonFraction contextRef="D20230419_InvestmentsStatutoryReserveMember" name="ifrs-full:IncreaseDecreaseThroughTransferToStatutoryReserve" unitRef="BRL" id="Tag292" decimals="-3" scale="3" format="ixt:num-dot-decimal">567,425</ix:nonFraction>, and amounts recorded in the legal reserve, of R$ <ix:nonFraction contextRef="D20230419_StatutoryReserveMember" name="ifrs-full:IncreaseDecreaseThroughTransferToStatutoryReserve" unitRef="BRL" id="Tag4933" decimals="-3" scale="3" format="ixt:num-dot-decimal">882,575</ix:nonFraction>.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The price of the outstanding shares on B<span>3</span> as of December 31, 2024 was R$ <ix:nonFraction contextRef="I20241231" name="ugp:OutstandingSharesPricePerShare" unitRef="BRLPerShare" id="Tag2339" decimals="2" format="ixt:num-dot-decimal">15.88</ix:nonFraction> (R$ <ix:nonFraction contextRef="I20231231" name="ugp:OutstandingSharesPricePerShare" unitRef="BRLPerShare" id="Tag2136" decimals="2" format="ixt:num-dot-decimal">26.51</ix:nonFraction> as of December 31, 2023 and R$ <ix:nonFraction contextRef="I20221231" name="ugp:OutstandingSharesPricePerShare" unitRef="BRLPerShare" id="Tag2600" decimals="2" format="ixt:num-dot-decimal">12.61</ix:nonFraction> as of December 31, 2022).</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">As of December 31, 2024, there were <ix:nonFraction contextRef="I20241231_OrdinarySharesMember" name="ugp:NumberOfSharesOutstandingAbroadInFormOfAmericanDepositaryReceipts" unitRef="Shares" id="Tag2611" decimals="0" format="ixt:num-dot-decimal">65,757,889</ix:nonFraction> common shares outstanding abroad in the form of ADRs (<ix:nonFraction contextRef="I20231231_OrdinarySharesMember" name="ugp:NumberOfSharesOutstandingAbroadInFormOfAmericanDepositaryReceipts" unitRef="Shares" id="Tag2332" decimals="0" format="ixt:num-dot-decimal">52,197,033</ix:nonFraction> shares as of December 31, 2023</span><span style="line-height: inherit;"> and <ix:nonFraction contextRef="I20221231_OrdinarySharesMember" name="ugp:NumberOfSharesOutstandingAbroadInFormOfAmericanDepositaryReceipts" unitRef="Shares" id="Tag1010" decimals="0" format="ixt:num-dot-decimal">58,895,761</ix:nonFraction></span><span style="line-height: inherit;"> shares as of December 31,2022</span><span style="line-height: inherit;">).</span></span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Equity instrument granted</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">The Company has a share-based incentive plan, which establishes the general terms and conditions for the concession of common shares issued by the Company </span><span style="line-height: inherit;">and </span><span style="line-height: inherit;">held in treasury (see Note <span>8</span>.d). As of December 31, 2024, the balance of treasury shares granted with right of use was <ix:nonFraction contextRef="I20241231_OrdinarySharesMember_TreasurySharesMember" name="ugp:NumberOfTreasurySharesGrantedWithRightOfUse" unitRef="Shares" id="Tag4894" decimals="0" format="ixt:num-dot-decimal">14,083,439</ix:nonFraction> common shares (<ix:nonFraction contextRef="I20231231_OrdinarySharesMember_TreasurySharesMember" name="ugp:NumberOfTreasurySharesGrantedWithRightOfUse" unitRef="Shares" id="Tag2335" decimals="0" format="ixt:num-dot-decimal">9,515,384</ix:nonFraction> as of December 31, 2023).</span></span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Treasury shares</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company acquired its own shares at market prices, without capital reduction, to be held in treasury and to be subsequently disposed of or cancelled.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;"><ix:nonNumeric contextRef="D20241231_TreasurySharesMember" name="ugp:DescriptionSharesBuybackProgram" id="Tag2095" escape="false">On November 28, 2024, the Company's Board of Directors approved a buyback program of shares issued by the Company, effective for twelve months starting on December 2, 2024 and limited to a maximum of <ix:nonFraction contextRef="I20241231_TreasurySharesMember" name="ifrs-full:NumberOfSharesAuthorised" unitRef="Shares" id="Tag2324" decimals="0" format="ixt:num-dot-decimal">25,000,000</ix:nonFraction> common shares.</ix:nonNumeric> In <span style="border-left: none; border-right: none;">2024</span>, <ix:nonFraction contextRef="D20241231_TreasurySharesMember" name="ugp:NumberOfSharesRepurchased" unitRef="Shares" id="Tag658" decimals="0" format="ixt:num-dot-decimal">8,900,000</ix:nonFraction> shares were acquired at an average cost of </span><span style="line-height: inherit;">R$ <ix:nonFraction contextRef="D20241231_TreasurySharesMember" name="ugp:SharesRepurchasedAveragePricePerShare" unitRef="BRLPerShare" id="Tag2540" decimals="2" format="ixt:num-dot-decimal">16.74</ix:nonFraction> </span><span style="line-height: inherit;">per share.</span></span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">As of December 31, 2024, the balance was R$ <ix:nonFraction contextRef="I20241231_TreasurySharesMember" name="ifrs-full:TreasuryShares" unitRef="BRL" id="Tag2131" decimals="-3" scale="3" format="ixt:num-dot-decimal">596,400</ix:nonFraction> (R$ <ix:nonFraction contextRef="I20231231_TreasurySharesMember" name="ifrs-full:TreasuryShares" unitRef="BRL" id="Tag621" decimals="-3" scale="3" format="ixt:num-dot-decimal">470,510</ix:nonFraction> as of December 31, 2023) and <ix:nonFraction contextRef="I20241231_TreasurySharesMember" name="ifrs-full:SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates" unitRef="Shares" id="Tag2144" decimals="0" format="ixt:num-dot-decimal">19,283,471</ix:nonFraction> common shares (<ix:nonFraction contextRef="I20231231_TreasurySharesMember" name="ifrs-full:SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates" unitRef="Shares" id="Tag2317" decimals="0" format="ixt:num-dot-decimal">16,195,439</ix:nonFraction> as of December 31, 2023</span><span style="line-height: inherit;"> and </span><span style="line-height: inherit;"><ix:nonFraction contextRef="I20221231_TreasurySharesMember" name="ifrs-full:SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates" unitRef="Shares" id="Tag2567" decimals="0" format="ixt:num-dot-decimal">19,974,556</ix:nonFraction> as of December 31,2022</span><span style="line-height: inherit;">) were held unrestricted in the Company's treasury, acquired at an average cost of R$ <ix:nonFraction contextRef="D20241231_TreasurySharesMember" name="ugp:TreasurySharesAveragePrice" unitRef="BRLPerShare" id="Tag2134" decimals="2" format="ixt:num-dot-decimal">17.87</ix:nonFraction></span><span style="line-height: inherit;"> per share</span><span style="line-height: inherit;">.</span></span> </p>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfTreasurySharesExplanatory" id="Tag4324" escape="true">
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Balance of unrestricted shares held in treasury </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OrdinarySharesMember_TreasurySharesMember" name="ifrs-full:SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates" unitRef="Shares" id="Tag1011" decimals="0" format="ixt:num-dot-decimal">19,283,471</ix:nonFraction> </span></p> </td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_OrdinarySharesMember_TreasurySharesMember" name="ifrs-full:SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates" unitRef="Shares" id="Tag2602" decimals="0" format="ixt:num-dot-decimal">16,195,439</ix:nonFraction> </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Balance of treasury shares granted with right of use (see Note <span>20</span>.b) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OrdinarySharesMember_TreasurySharesMember" name="ugp:NumberOfTreasurySharesGrantedWithRightOfUse" unitRef="Shares" id="Tag2137" decimals="0" format="ixt:num-dot-decimal">14,083,439</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_OrdinarySharesMember_TreasurySharesMember" name="ugp:NumberOfTreasurySharesGrantedWithRightOfUse" unitRef="Shares" id="Tag2321" decimals="0" format="ixt:num-dot-decimal">9,515,384</ix:nonFraction> </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total balance of treasury shares as of December 31, 2024 </span></p> </td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OrdinarySharesMember_TreasurySharesMember" name="ugp:NumberOfTreasurySharesOutstanding" unitRef="Shares" id="Tag4806" decimals="0" format="ixt:num-dot-decimal">33,366,910</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_OrdinarySharesMember_TreasurySharesMember" name="ugp:NumberOfTreasurySharesOutstanding" unitRef="Shares" id="Tag4755" decimals="0" format="ixt:num-dot-decimal">25,710,823</ix:nonFraction> </span></p> </td>
<td style="vertical-align: middle; background-color: #cceeff; height: 17px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> </ix:nonNumeric>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">d. Capital reserve</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The capital reserve reflects the gain or loss on the disposal of shares for concession of usufruct to executives of the Company's subsidiaries, when the plan is finalized, as mentioned in Note <span>8</span>.d. Because of the association with Extrafarma in <span>2014</span>, the Company recognized an increase in the capital reserve in the amount of R$ <ix:nonFraction contextRef="D20241231_CapitalReserveMember_ExtrafarmaMember" name="ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary" unitRef="BRL" id="Tag2574" decimals="-3" scale="3" format="ixt:num-dot-decimal">498,812</ix:nonFraction>, due to the difference between the value attributed to share capital and the market value of the Ultrapar shares on the date of issuance, less R$ <ix:nonFraction contextRef="D20241231_ExtrafarmaMember_1" name="ifrs-full:ShareIssueRelatedCost" unitRef="BRL" id="Tag2153" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,260</ix:nonFraction> related to the costs for the issuance of these shares. Additionally, on February 15, 2023, August 9, 2023, February 28, 2024 and August 7, 2024, there was an increase in the reserve in the amounts of R$ <ix:nonFraction contextRef="D20230215_ExtrafarmaMember" name="ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary" unitRef="BRL" id="Tag2544" decimals="-3" scale="3" format="ixt:num-dot-decimal">411</ix:nonFraction>, R$ <ix:nonFraction contextRef="D20230809_ExtrafarmaMember" name="ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary" unitRef="BRL" id="Tag2150" decimals="-3" scale="3" format="ixt:num-dot-decimal">149</ix:nonFraction>, R$ <ix:nonFraction contextRef="D20240228_ExtrafarmaMember" name="ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary" unitRef="BRL" id="Tag2142" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,631</ix:nonFraction> and R$ <ix:nonFraction contextRef="D20240807_ExtrafarmaMember" name="ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary" unitRef="BRL" id="Tag2347" decimals="-3" scale="3" format="ixt:num-dot-decimal">821</ix:nonFraction>, respectively, due to the partial exercise of the subscription warrants &#8211; indemnification (see Note <span>19</span>).</span> </p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-61</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
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<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, 2023 and 2022</span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </ix:exclude> </div>
<div><span style="text-align: justify; text-indent: 0pt; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br/></span></div>
<p style="margin: 0pt; text-indent: 0pt; font-family: 'times new roman', times;"><span style="text-align: justify; text-indent: 0pt; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">e. Revaluation reserve</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">The revaluation reserve, recognized prior to the adoption of the international accounting standards (IFRS</span><span style="line-height: inherit;"> Accounting Standards</span><span style="line-height: inherit;">), reflects the revaluation of assets of subsidiaries and is based on depreciation, write-off, or disposal of the revalued assets of the subsidiaries, as well as the tax effects recognized by these subsidiaries.</span></span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">f. Profit reserves</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">f.<span>1</span> </span><span style="font-style: italic; font-weight: bold; line-height: inherit;">Legal reserve</span></span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Under Brazilian Corporate Law the Company is required to allocate <ix:nonFraction contextRef="D20241231" name="ugp:LegalReserveAsPercentageOfNetIncome" unitRef="Pure" id="Tag2356" decimals="2" scale="-2" format="ixt:num-dot-decimal">5</ix:nonFraction>% of net annual earnings to a legal reserve, until the balance reaches <ix:nonFraction contextRef="D20241231" name="ugp:ThresholdPercentageOfShareCapitalForLegalReserveAllocation" unitRef="Pure" id="Tag2234" decimals="2" scale="-2" format="ixt:num-dot-decimal">20</ix:nonFraction>% of share capital. As of December 31, 2024, the legal reserve totaled R$ <ix:nonFraction contextRef="D20241231" name="ugp:LegalReserves" unitRef="BRL" id="Tag2100" decimals="-3" scale="3" format="ixt:num-dot-decimal">240,127</ix:nonFraction> (R$ <ix:nonFraction contextRef="D20231231_35" name="ugp:LegalReserves" unitRef="BRL" id="Tag2383" decimals="-3" scale="3" format="ixt:num-dot-decimal">121,990</ix:nonFraction> as of December 31, 2023). This reserve may be used to increase capital or to absorb losses but may not be distributed as dividends.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">f.<span>2</span> Investments statutory reserve</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In compliance with Article <span>194</span> of the Brazilian Corporate Law and Article <span>54</span> of the Bylaws, this reserve is aimed to protect the integrity of the Company&#8217;s assets and to supplement its share capital, in order to allow new investments to be made. As provided for in its bylaws, the Company may allocate up to <ix:nonFraction contextRef="I20241231" name="ugp:InvestmentStatutoryReserveAsMaximumPercentageOfNetIncome" unitRef="Pure" id="Tag2841" decimals="2" scale="-2" format="ixt:num-dot-decimal">75</ix:nonFraction>% of the annual net income, after deducting the legal reserve, to the investments reserve, up to the limit of <ix:nonFraction contextRef="D20241231" name="ugp:ThresholdPercentageOfShareCapitalForInvestmentsReserveAllocation" unitRef="Pure" id="Tag2840" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% of the share capital.</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The investments reserve is free of distribution restrictions and totaled R$ <ix:nonFraction contextRef="D20241231_InvestmentsStatutoryReserveMember" name="ugp:RetentionOfProfitsAndInvestmentsReserve" unitRef="BRL" id="Tag2128" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,746,973 </ix:nonFraction></span><span style="line-height: inherit;"> as of December 31, 2024 (R$ <ix:nonFraction contextRef="D20231231_InvestmentsStatutoryReserveMember" name="ugp:RetentionOfProfitsAndInvestmentsReserve" unitRef="BRL" id="Tag4854" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,267,569</ix:nonFraction> as of December 31, 2023).</span></span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">g. Accumulated other comprehensive income</span></p>
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<td style="width: 4%; height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.3333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(i)</span></td>
<td style="width: 96%; height: 16px; vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -28.3333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Gains and losses on the hedging instruments of exchange rate related to firm commitment and highly probable transactions designated as cash flows hedges are recognized in equity as &#8220;Accumulated other comprehensive income&#8221;. Gains and losses are reclassified to initial cost of non-financial assets recognized in the statement of income at the moment of paid-off of the hedge instrument.</span></td> </tr>
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<td style="height: 16px; vertical-align: top;" valign="top"><span style="font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.3333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">(ii)</span> </span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -28.3333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The variation in exchange rates on assets, liabilities and profit or loss of foreign associates with a functional currency different from the functional currency of the Company and its own management is recognized directly in equity. This cumulative effect is reflected in profit or loss as a gain or loss only in case of disposal or write-off of the investment.</span></td> </tr>
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<td style="height: 16px; vertical-align: top;" valign="top"><span style="font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.3333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">(iii)</span> </span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -28.3333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Actuarial gains and losses relating to post-employment benefits, calculated based on a valuation conducted by an independent actuary, are recognized in equity under the heading &#8220;Accumulated other comprehensive income&#8221;. Gains and losses recorded in equity are not reclassified to profit or loss in subsequent periods.</span></td> </tr>
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<td style="height: 16px; vertical-align: top;" valign="top"><span style="font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.3333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">(iv)</span> </span><br/></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -28.3333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">The Company also recognizes in this line item the effect of changes in the non-controlling interest in subsidiaries that do not result in loss of control. This amount corresponds to the difference between the amount by which the non-controlling interest was adjusted and the fair value of the consideration received or paid and represents a transaction with shareholders.</span></td> </tr> </tbody> </table>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-62</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
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<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, 2023 and 2022</span></span></td>
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<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory" id="Tag779" escape="true">
<div><span style="text-align: justify; text-indent: 0pt; font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">Balance and changes in Accumulated other comprehensive income of the Company are as follows: </span></div>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;"> Fair value of cash flow hedging instruments (i)</span> </span></p> </td>
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<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Cumulative translation adjustments (ii) </span></p> </td>
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<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Fair value of financial investments </span></p> </td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-size: 8pt; font-family: 'times new roman', times; font-weight: bold; line-height: inherit;"> Actuarial gain/(loss) of post-employment benefits (iii) </span></p> </td>
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<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Non-controlling shareholders interest change (iv) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 38%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> As of December 31, 2021 </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 7%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (<ix:nonFraction contextRef="I20211231_ReserveOfCashFlowHedgesMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag2651" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">601,301</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 7%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> <ix:nonFraction contextRef="I20211231_ReserveOfExchangeDifferencesOnTranslationMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag4859" decimals="-3" scale="3" format="ixt:fixed-zero">- </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 7%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (<ix:nonFraction contextRef="I20211231_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag2102" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">403</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 7%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (<ix:nonFraction contextRef="I20211231_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag2130" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">17,803</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 7%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> <ix:nonFraction contextRef="I20211231_NoncontrollingShareholdersInterestChangeMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag2629" decimals="-3" scale="3" format="ixt:num-dot-decimal">197,369</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 7%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><span style="border-left: none; border-right: none;"> <ix:nonFraction contextRef="I20211231_OtherValuationAdjustmentsMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag2548" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction> </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 7%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (<ix:nonFraction contextRef="I20211231_ValuationAdjustmentsMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag2163" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">422,138</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><span style="font-weight: bold;">)</span></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Changes in fair value of financial instruments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ReserveOfCashFlowHedgesMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2104" decimals="-3" scale="3" format="ixt:num-dot-decimal">910,804</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag1004" decimals="-3" scale="3" format="ixt:fixed-zero">- </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2337" decimals="-3" scale="3" format="ixt:num-dot-decimal">403</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"> <ix:nonFraction contextRef="D20221231_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2105" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction> </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"> <ix:nonFraction contextRef="D20221231_NoncontrollingShareholdersInterestChangeMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2218" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction> </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_OtherValuationAdjustmentsMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2378" decimals="-3" scale="3" format="ixt:num-dot-decimal">747</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ValuationAdjustmentsMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2539" decimals="-3" scale="3" format="ixt:num-dot-decimal">911,954</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IRPJ and CSLL on fair value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_ReserveOfCashFlowHedgesMember" name="ifrs-full:IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag4863" decimals="-3" scale="3" format="ixt:num-dot-decimal">309,503</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2597" decimals="-3" scale="3" format="ixt:fixed-zero">- </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20221231_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" name="ifrs-full:IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag537" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction> </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"> <ix:nonFraction contextRef="D20221231_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" name="ifrs-full:IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag1001" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction> </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"> <ix:nonFraction contextRef="D20221231_NoncontrollingShareholdersInterestChangeMember" name="ifrs-full:IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2099" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction> </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"> <ix:nonFraction contextRef="D20221231_OtherValuationAdjustmentsMember" name="ifrs-full:IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag1008" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction> </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_ValuationAdjustmentsMember" name="ifrs-full:IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag538" decimals="-3" scale="3" format="ixt:num-dot-decimal">309,503</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Actuarial gains of post-employment benefits of subsidiaries </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20221231_ReserveOfCashFlowHedgesMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="BRL" id="Tag2650" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction> </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="BRL" id="Tag2355" decimals="-3" scale="3" format="ixt:fixed-zero">- </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20221231_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="BRL" id="Tag2528" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction> </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="BRL" id="Tag2101" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">610</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"> <ix:nonFraction contextRef="D20221231_NoncontrollingShareholdersInterestChangeMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="BRL" id="Tag2160" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction> </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20221231_OtherValuationAdjustmentsMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="BRL" id="Tag2098" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction> </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_ValuationAdjustmentsMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="BRL" id="Tag2202" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">610</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IRPJ and CSLL on actuarial gains </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20221231_ReserveOfCashFlowHedgesMember" name="ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" unitRef="BRL" id="Tag2525" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction> </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" unitRef="BRL" id="Tag2145" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20221231_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" name="ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" unitRef="BRL" id="Tag2353" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction> </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" name="ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" unitRef="BRL" id="Tag2201" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">271</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20221231_NoncontrollingShareholdersInterestChangeMember" name="ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" unitRef="BRL" id="Tag2323" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction> </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20221231_OtherValuationAdjustmentsMember" name="ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" unitRef="BRL" id="Tag2174" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction> </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ValuationAdjustmentsMember" name="ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" unitRef="BRL" id="Tag988" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">271</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> As of December 31, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="I20221231_ReserveOfCashFlowHedgesMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag2547" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction></span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_ReserveOfExchangeDifferencesOnTranslationMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag2164" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="I20221231_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag2327" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction></span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (<ix:nonFraction contextRef="I20221231_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag1006" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">18,142</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_NoncontrollingShareholdersInterestChangeMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag2613" decimals="-3" scale="3" format="ixt:num-dot-decimal">197,369</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_OtherValuationAdjustmentsMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag2561" decimals="-3" scale="3" format="ixt:num-dot-decimal">747</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20221231_ValuationAdjustmentsMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag2538" decimals="-3" scale="3" format="ixt:num-dot-decimal">179,974</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Changes in fair value of financial instruments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_ReserveOfCashFlowHedgesMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2338" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">11,375</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2345" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2541" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag5426" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_NoncontrollingShareholdersInterestChangeMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2181" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_OtherValuationAdjustmentsMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2570" decimals="-3" scale="3" format="ixt:num-dot-decimal">284</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_ValuationAdjustmentsMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag993" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">11,091</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IRPJ and CSLL on fair value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_ReserveOfCashFlowHedgesMember" name="ifrs-full:IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2377" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,691</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2293" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" name="ifrs-full:IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2735" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" name="ifrs-full:IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2382" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_NoncontrollingShareholdersInterestChangeMember" name="ifrs-full:IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2348" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_OtherValuationAdjustmentsMember" name="ifrs-full:IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2545" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_ValuationAdjustmentsMember" name="ifrs-full:IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2856" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,691</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Actuarial gains of own and subsidiaries&#8217; post-employment benefits </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_ReserveOfCashFlowHedgesMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="BRL" id="Tag2103" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="BRL" id="Tag2106" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="BRL" id="Tag2139" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="BRL" id="Tag995" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">28,710</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_NoncontrollingShareholdersInterestChangeMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="BRL" id="Tag2360" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_OtherValuationAdjustmentsMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="BRL" id="Tag2617" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_ValuationAdjustmentsMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="BRL" id="Tag989" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">28,710</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IRPJ and CSLL on actuarial gains </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_ReserveOfCashFlowHedgesMember" name="ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" unitRef="BRL" id="Tag2235" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" unitRef="BRL" id="Tag2855" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" name="ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" unitRef="BRL" id="Tag2154" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" name="ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" unitRef="BRL" id="Tag2596" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">10,244</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_NoncontrollingShareholdersInterestChangeMember" name="ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" unitRef="BRL" id="Tag2526" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_OtherValuationAdjustmentsMember" name="ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" unitRef="BRL" id="Tag2386" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_ValuationAdjustmentsMember" name="ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" unitRef="BRL" id="Tag2595" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">10,244</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> As of December 31, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (<ix:nonFraction contextRef="I20231231_ReserveOfCashFlowHedgesMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag990" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7,684</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> <ix:nonFraction contextRef="I20231231_ReserveOfExchangeDifferencesOnTranslationMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag2232" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> <ix:nonFraction contextRef="I20231231_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag2385" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (<ix:nonFraction contextRef="I20231231_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag2375" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">36,608</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> <ix:nonFraction contextRef="I20231231_NoncontrollingShareholdersInterestChangeMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag2580" decimals="-3" scale="3" format="ixt:num-dot-decimal">197,369</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> <ix:nonFraction contextRef="I20231231_OtherValuationAdjustmentsMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag2579" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,031</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> <ix:nonFraction contextRef="I20231231_ValuationAdjustmentsMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag2149" decimals="-3" scale="3" format="ixt:num-dot-decimal">154,108</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Changes in fair value of financial instruments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_ReserveOfCashFlowHedgesMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2598" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,186</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag539" decimals="-3" scale="3" format="ixt:fixed-zero">- </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2384" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2198" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_NoncontrollingShareholdersInterestChangeMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag1002" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_OtherValuationAdjustmentsMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag4896" decimals="-3" scale="3" format="ixt:num-dot-decimal">52</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_ValuationAdjustmentsMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2559" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,238</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IRPJ and CSLL on fair value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_ReserveOfCashFlowHedgesMember" name="ifrs-full:IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2359" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,691</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag994" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" name="ifrs-full:IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2566" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" name="ifrs-full:IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2376" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_NoncontrollingShareholdersInterestChangeMember" name="ifrs-full:IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2368" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_OtherValuationAdjustmentsMember" name="ifrs-full:IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2549" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_ValuationAdjustmentsMember" name="ifrs-full:IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="BRL" id="Tag2159" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,691</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Actuarial gains of own and subsidiaries&#8217; post-employment benefits </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_ReserveOfCashFlowHedgesMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="BRL" id="Tag2352" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="BRL" id="Tag2331" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="BRL" id="Tag2370" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="BRL" id="Tag2572" decimals="-3" scale="3" format="ixt:num-dot-decimal">24,587</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_NoncontrollingShareholdersInterestChangeMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="BRL" id="Tag2096" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_OtherValuationAdjustmentsMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="BRL" id="Tag2325" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_ValuationAdjustmentsMember" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="BRL" id="Tag997" decimals="-3" scale="3" format="ixt:num-dot-decimal">24,587</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IRPJ and CSLL on actuarial gains </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_ReserveOfCashFlowHedgesMember" name="ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" unitRef="BRL" id="Tag2373" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" unitRef="BRL" id="Tag623" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" name="ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" unitRef="BRL" id="Tag992" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" name="ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" unitRef="BRL" id="Tag2162" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,164</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_NoncontrollingShareholdersInterestChangeMember" name="ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" unitRef="BRL" id="Tag2107" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_OtherValuationAdjustmentsMember" name="ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" unitRef="BRL" id="Tag2367" decimals="-3" scale="3" format="ixt:fixed-zero"> &#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_ValuationAdjustmentsMember" name="ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" unitRef="BRL" id="Tag2158" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,164</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Currency translation adjustment of foreign associates </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_ReserveOfCashFlowHedgesMember" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" unitRef="BRL" id="Tag2143" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" unitRef="BRL" id="Tag4759" decimals="-3" scale="3" format="ixt:num-dot-decimal">36,134</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" unitRef="BRL" id="Tag2369" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" unitRef="BRL" id="Tag2290" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_NoncontrollingShareholdersInterestChangeMember" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" unitRef="BRL" id="Tag535" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_OtherValuationAdjustmentsMember" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" unitRef="BRL" id="Tag293" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_ValuationAdjustmentsMember" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" unitRef="BRL" id="Tag2125" decimals="-3" scale="3" format="ixt:num-dot-decimal">36,134</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> As of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> <ix:nonFraction contextRef="I20241231_ReserveOfCashFlowHedgesMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag2542" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">811</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> <ix:nonFraction contextRef="I20241231_ReserveOfExchangeDifferencesOnTranslationMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag2217" decimals="-3" scale="3" format="ixt:num-dot-decimal">36,134</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20241231_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag2108" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (<ix:nonFraction contextRef="I20241231_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag2582" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">21,185</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 10px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> <ix:nonFraction contextRef="I20241231_NoncontrollingShareholdersInterestChangeMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag2558" decimals="-3" scale="3" format="ixt:num-dot-decimal">197,369</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> <ix:nonFraction contextRef="I20241231_OtherValuationAdjustmentsMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag2133" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,083</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20241231_ValuationAdjustmentsMember" name="ugp:ReserveOfValuationAdjustments" unitRef="BRL" id="Tag998" decimals="-3" scale="3" format="ixt:num-dot-decimal">214,212</ix:nonFraction></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td> </tr> </tbody> </table> </div> </ix:nonNumeric> </div>
<div>
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml">
<p style="margin:0pt"><br/></p>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-63</span></span></td> </tr> </tbody> </table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
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<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, 2023 and 2022</span></span></td>
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<p style="font-family: 'times new roman', times;"><span style="text-align: justify; text-indent: 0pt; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">h. Approval of additional dividends to the minimum mandatory dividends</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On February 28, 2024, the Board of Directors approved and on April 17, 2024 the Ordinary General Shareholders&#8217; Meeting ratified the payment of the Company&#8217;s additional dividends to the Company's minimum mandatory dividends related to <span>2023</span> in the amount of R$ <ix:nonFraction contextRef="D20240417_OrdinarySharesMember" name="ifrs-full:DividendsPaidClassifiedAsOperatingActivities" unitRef="BRL" id="Tag4934" decimals="-3" scale="3" format="ixt:num-dot-decimal">134,031</ix:nonFraction>.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On August 7, 2024, the Board of Directors approved the advance payment of the <span>2024</span> dividends in the amount of R$ <ix:nonFraction contextRef="D20240807_OrdinarySharesMember" name="ifrs-full:DividendsPaidClassifiedAsOperatingActivities" unitRef="BRL" id="Tag2361" decimals="-3" scale="3" format="ixt:num-dot-decimal">275,971</ix:nonFraction>, corresponding to R$ <ix:nonFraction contextRef="D20240807" name="ifrs-full:DividendsPaidOrdinarySharesPerShare" unitRef="BRLPerShare" id="Tag2312" decimals="2" format="ixt:num-dot-decimal">0.25</ix:nonFraction> per common share, payable as of <ix:nonNumeric contextRef="D20240807_OrdinarySharesMember" name="ugp:DividendPayableDate" id="Tag2179" format="ixt:date-monthname-day-year-en">August 23, 2024</ix:nonNumeric>, without remuneration or monetary variation.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">i. Allocation of income for the year</span> </p>
<p style="margin: 0pt 0pt 10pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">The shareholders of the Company are entitled under the Bylaws to a minimum annual dividend of <ix:nonFraction contextRef="I20241231" name="ugp:MinimumMandatoryDividendsAsPercentageOfNetIncome" unitRef="Pure" id="Tag2156" decimals="2" scale="-2" format="ixt:num-dot-decimal">25</ix:nonFraction>% of adjusted net income, after allocation of <ix:nonFraction contextRef="D20241231" name="ugp:LegalReserveAsPercentageOfNetIncome" unitRef="Pure" id="Tag2603" decimals="2" scale="-2" format="ixt:num-dot-decimal">5</ix:nonFraction>% to the legal reserve, calculated in accordance with Brazilian Corporate Law. Dividends and interest on capital proposed above the statutory obligation are recognized in equity until approved at the shareholders&#8217; meeting. The proposed dividends payable for the year <span style="border-left: none; border-right: none;">2022</span>, the amount of which as of December 31, 2022 totaled R$ <ix:nonFraction contextRef="I20221231" name="ifrs-full:DividendsPayable" unitRef="BRL" id="Tag2197" decimals="-3" scale="3" format="ixt:num-dot-decimal">109,515</ix:nonFraction> (R$ <ix:nonFraction contextRef="D20221231" name="ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare" unitRef="BRLPerShare" id="Tag2175" decimals="2" format="ixt:num-dot-decimal">0.10</ix:nonFraction> - <span>ten</span> cents of Brazilian Real per share), were approved by the Board of Directors on February 15, 2023 and were paid from March 3, 2023 onwards. The proposed dividends payable for the year 2023, the amount of which as of December 31, 2023 totaled R$ <ix:nonFraction contextRef="I20231231" name="ifrs-full:DividendsPayable" unitRef="BRL" id="Tag2577" decimals="-3" scale="3" format="ixt:num-dot-decimal">439,684</ix:nonFraction> (R$ <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare" unitRef="BRLPerShare" id="Tag4829" decimals="2" format="ixt:num-dot-decimal">0.40</ix:nonFraction> - forty cents of Brazilian Real per share), were approved by the Board of Directors on February 28, 2024 and were paid from March15, 2024 onwards. The proposed dividends payable for the year <span>2024</span>, the amount of which as of December 31, 2024 totaled R$ <ix:nonFraction contextRef="D20241231" name="ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners" unitRef="BRL" id="Tag2200" decimals="-3" scale="3" format="ixt:num-dot-decimal">493,301</ix:nonFraction> (R$ <ix:nonFraction contextRef="D20241231" name="ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" unitRef="BRLPerShare" id="Tag4931" decimals="2" format="ixt:num-dot-decimal">0.45</ix:nonFraction> </span><span style="line-height: inherit;">&#8211;</span><span style="line-height: inherit;"> <span>forty</span></span><span style="line-height: inherit;">-<span>five</span></span><span style="line-height: inherit;"> cents of Brazilian Real per share) were approved by the Board of Directors on February 26, 2025 and were paid from March 14, 2025 onwards.</span></span> </p>
<ix:nonNumeric contextRef="D20241231" name="ugp:SummaryOfDividendsAndAllocationOfNetIncomeTableTextBlock" id="Tag1876" escape="true">
<p style="margin: 0pt 0pt 10pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The management's proposal for the allocation of net income for <span>2024</span> and for distribution of dividends is as follows:</span> </p>
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<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; text-decoration: underline; line-height: inherit;"> Allocation of net income </span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2022 </span></p> </td>
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<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net income for the year attributable to shareholders of Ultrapar </span></p> </td>
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<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" unitRef="BRL" id="Tag2612" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,362,740</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" unitRef="BRL" id="Tag4975" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,439,795</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" unitRef="BRL" id="Tag1009" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,800,839</ix:nonFraction> </span></p> </td>
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<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Legal reserve (<ix:nonFraction contextRef="D20221231" name="ugp:LegalReserveAsPercentageOfNetIncome" unitRef="Pure" id="Tag5932" decimals="2" scale="-2" format="ixt:num-dot-decimal"><ix:nonFraction contextRef="D20231231_35" name="ugp:LegalReserveAsPercentageOfNetIncome" unitRef="Pure" id="Tag5934" decimals="2" scale="-2" format="ixt:num-dot-decimal"><ix:nonFraction contextRef="D20241231" name="ugp:LegalReserveAsPercentageOfNetIncome" unitRef="Pure" id="Tag2344" decimals="2" scale="-2" format="ixt:num-dot-decimal">5</ix:nonFraction></ix:nonFraction></ix:nonFraction>% of the profit) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ugp:AllocationToLegalReserves" unitRef="BRL" id="Tag991" decimals="-3" scale="3" format="ixt:num-dot-decimal">118,137</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:AllocationToLegalReserves" unitRef="BRL" id="Tag2543" decimals="-3" scale="3" format="ixt:num-dot-decimal">121,990</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ugp:AllocationToLegalReserves" unitRef="BRL" id="Tag1007" decimals="-3" scale="3" format="ixt:num-dot-decimal">90,042</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
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<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Adjusted net income (basis for dividends) </span></p> </td>
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<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ugp:AdjustedNetIncomeBasisForDividends" unitRef="BRL" id="Tag2343" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,244,603</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:AdjustedNetIncomeBasisForDividends" unitRef="BRL" id="Tag536" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,317,805</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ugp:AdjustedNetIncomeBasisForDividends" unitRef="BRL" id="Tag2346" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,710,797</ix:nonFraction> </span></p> </td>
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<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Minimum mandatory dividends for the year (<ix:nonFraction contextRef="I20221231" name="ugp:MinimumMandatoryDividendsAsPercentageOfNetIncome" unitRef="Pure" id="Tag5921" decimals="2" scale="-2" format="ixt:num-dot-decimal"><ix:nonFraction contextRef="I20231231" name="ugp:MinimumMandatoryDividendsAsPercentageOfNetIncome" unitRef="Pure" id="Tag5933" decimals="2" scale="-2" format="ixt:num-dot-decimal"><ix:nonFraction contextRef="I20241231" name="ugp:MinimumMandatoryDividendsAsPercentageOfNetIncome" unitRef="Pure" id="Tag4356" decimals="2" scale="-2" format="ixt:num-dot-decimal">25</ix:nonFraction></ix:nonFraction></ix:nonFraction>% of the adjusted net income) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ugp:MinimumMandatoryDividends" unitRef="BRL" id="Tag540" decimals="-3" scale="3" format="ixt:num-dot-decimal">561,151</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:MinimumMandatoryDividends" unitRef="BRL" id="Tag2157" decimals="-3" scale="3" format="ixt:num-dot-decimal">579,451</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ugp:MinimumMandatoryDividends" unitRef="BRL" id="Tag2146" decimals="-3" scale="3" format="ixt:num-dot-decimal">427,699</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interim dividends already distributed (R$ <ix:nonFraction contextRef="D20231231_35" name="ugp:InterimDividendsPerShare" unitRef="BRLPerShare" id="Tag5930" decimals="2" format="ixt:num-dot-decimal"><ix:nonFraction contextRef="D20241231" name="ugp:InterimDividendsPerShare" unitRef="BRLPerShare" id="Tag2141" decimals="2" format="ixt:num-dot-decimal">0.25</ix:nonFraction></ix:nonFraction> per share in <span>2024</span> and <span>2023</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ugp:InterimDividendsPaid" unitRef="BRL" id="Tag4328" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">275,971</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:InterimDividendsPaid" unitRef="BRL" id="Tag2374" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">273,798</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><span style="font-family: 'times new roman', times; font-size: 10pt;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231" name="ugp:InterimDividendsPaid" unitRef="BRL" id="Tag2553" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest in capital, net of income tax, already paid (R$ <ix:nonFraction contextRef="D20221231" name="ugp:InterestOnCapitalPaidNetOfIncomeTaxPerShare" unitRef="BRLPerShare" id="Tag5425" decimals="2" format="ixt:num-dot-decimal">0.35</ix:nonFraction> per share in <span>2022</span>) (*) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231" name="ugp:InterestOnCapitalPaidNetOfIncomeTax" unitRef="BRL" id="Tag2151" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_35" name="ugp:InterestOnCapitalPaidNetOfIncomeTax" unitRef="BRL" id="Tag2127" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ugp:InterestOnCapitalPaidNetOfIncomeTax" unitRef="BRL" id="Tag2675" decimals="-3" scale="3" format="ixt:num-dot-decimal">396,314</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additional dividends to the minimum mandatory dividends </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ugp:AdditionalDividendsToMinimumMandatoryDividendsRecognised" unitRef="BRL" id="Tag2336" decimals="-3" scale="3" format="ixt:num-dot-decimal">208,121</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:AdditionalDividendsToMinimumMandatoryDividendsRecognised" unitRef="BRL" id="Tag2322" decimals="-3" scale="3" format="ixt:num-dot-decimal">134,031</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ugp:AdditionalDividendsToMinimumMandatoryDividendsRecognised" unitRef="BRL" id="Tag2097" decimals="-3" scale="3" format="ixt:num-dot-decimal">78,130</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Balance of proposed dividends payable (R$ <ix:nonFraction contextRef="D20241231" name="ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" unitRef="BRLPerShare" id="Tag999" decimals="2" format="ixt:num-dot-decimal">0.45</ix:nonFraction> per share in <span>2024</span>, R$ <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" unitRef="BRLPerShare" id="Tag2195" decimals="2" format="ixt:num-dot-decimal">0.40</ix:nonFraction> per share in <span>2023</span>, and R$ <ix:nonFraction contextRef="D20221231" name="ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" unitRef="BRLPerShare" id="Tag2371" decimals="2" format="ixt:num-dot-decimal">0.10</ix:nonFraction> per share in <span>2022</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners" unitRef="BRL" id="Tag2362" decimals="-3" scale="3" format="ixt:num-dot-decimal">493,301</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners" unitRef="BRL" id="Tag2618" decimals="-3" scale="3" format="ixt:num-dot-decimal">439,684</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners" unitRef="BRL" id="Tag2576" decimals="-3" scale="3" format="ixt:num-dot-decimal">109,515</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; text-decoration: underline; line-height: inherit;"> Allocation of net income </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Legal reserve (<ix:nonFraction contextRef="D20221231" name="ugp:LegalReserveAsPercentageOfNetIncome" unitRef="Pure" id="Tag5919" decimals="2" scale="-2" format="ixt:num-dot-decimal"><ix:nonFraction contextRef="D20231231_35" name="ugp:LegalReserveAsPercentageOfNetIncome" unitRef="Pure" id="Tag5920" decimals="2" scale="-2" format="ixt:num-dot-decimal"><ix:nonFraction contextRef="D20241231" name="ugp:LegalReserveAsPercentageOfNetIncome" unitRef="Pure" id="Tag2333" decimals="2" scale="-2" format="ixt:num-dot-decimal">5</ix:nonFraction></ix:nonFraction></ix:nonFraction>% of the profit) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ugp:AllocationToLegalReserves" unitRef="BRL" id="Tag2111" decimals="-3" scale="3" format="ixt:num-dot-decimal">118,137</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:AllocationToLegalReserves" unitRef="BRL" id="Tag2320" decimals="-3" scale="3" format="ixt:num-dot-decimal">121,990</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ugp:AllocationToLegalReserves" unitRef="BRL" id="Tag4961" decimals="-3" scale="3" format="ixt:num-dot-decimal">90,042</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Statutory reserve </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ugp:AllocationOfNetIncomeToInvestmentsStatutoryReserve" unitRef="BRL" id="Tag2173" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,475,331</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:AllocationOfNetIncomeToInvestmentsStatutoryReserve" unitRef="BRL" id="Tag2176" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,604,323</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ugp:AllocationOfNetIncomeToInvestmentsStatutoryReserve" unitRef="BRL" id="Tag1005" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,204,968</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interim dividends </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ugp:InterimDividends" unitRef="BRL" id="Tag2330" decimals="-3" scale="3" format="ixt:num-dot-decimal">275,971</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:InterimDividends" unitRef="BRL" id="Tag2318" decimals="-3" scale="3" format="ixt:num-dot-decimal">273,798</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231" name="ugp:InterimDividends" unitRef="BRL" id="Tag2599" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest on capital, net of income tax, already paid (R$ <ix:nonFraction contextRef="D20221231" name="ugp:InterestOnCapitalPaidNetOfIncomeTaxPerShare" unitRef="BRLPerShare" id="Tag2152" decimals="2" format="ixt:num-dot-decimal">0.35</ix:nonFraction> per share) (*) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231" name="ugp:InterestOnCapitalPaidNetOfIncomeTax" unitRef="BRL" id="Tag2135" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_35" name="ugp:InterestOnCapitalPaidNetOfIncomeTax" unitRef="BRL" id="Tag2563" decimals="-3" scale="3" format="ixt:fixed-zero"> - </ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ugp:InterestOnCapitalPaidNetOfIncomeTax" unitRef="BRL" id="Tag4864" decimals="-3" scale="3" format="ixt:num-dot-decimal">396,314</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Complementary minimum mandatory dividends for the year (<ix:nonFraction contextRef="I20221231" name="ugp:MinimumMandatoryDividendsAsPercentageOfNetIncome" unitRef="Pure" id="Tag5931" decimals="2" scale="-2" format="ixt:num-dot-decimal"><ix:nonFraction contextRef="I20231231" name="ugp:MinimumMandatoryDividendsAsPercentageOfNetIncome" unitRef="Pure" id="Tag5922" decimals="2" scale="-2" format="ixt:num-dot-decimal"><ix:nonFraction contextRef="I20241231" name="ugp:MinimumMandatoryDividendsAsPercentageOfNetIncome" unitRef="Pure" id="Tag2329" decimals="2" scale="-2" format="ixt:num-dot-decimal">25</ix:nonFraction></ix:nonFraction></ix:nonFraction>% of the adjusted net income (-) interim dividends) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ugp:AdditionalMinimumMandatoryDividendsRecognised" unitRef="BRL" id="Tag2328" decimals="-3" scale="3" format="ixt:num-dot-decimal">285,180</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:AdditionalMinimumMandatoryDividendsRecognised" unitRef="BRL" id="Tag2527" decimals="-3" scale="3" format="ixt:num-dot-decimal">305,653</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ugp:AdditionalMinimumMandatoryDividendsRecognised" unitRef="BRL" id="Tag2180" decimals="-3" scale="3" format="ixt:num-dot-decimal">31,385</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additional dividends to the minimum mandatory dividends </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ugp:AdditionalDividendsToMinimumMandatoryDividendsRecognised" unitRef="BRL" id="Tag2364" decimals="-3" scale="3" format="ixt:num-dot-decimal">208,121</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:AdditionalDividendsToMinimumMandatoryDividendsRecognised" unitRef="BRL" id="Tag4926" decimals="-3" scale="3" format="ixt:num-dot-decimal">134,031</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ugp:AdditionalDividendsToMinimumMandatoryDividendsRecognised" unitRef="BRL" id="Tag2109" decimals="-3" scale="3" format="ixt:num-dot-decimal">78,130</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total distribution of net income for the year attributable to shareholders of Ultrapar </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ugp:AllocationOfNetIncome" unitRef="BRL" id="Tag2326" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,362,740</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:AllocationOfNetIncome" unitRef="BRL" id="Tag2295" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,439,795</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ugp:AllocationOfNetIncome" unitRef="BRL" id="Tag2140" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,800,839</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="line-height: inherit;">(*) <span><ix:footnote xml:lang="en-US" id="footnote45" footnoteRole="http://www.xbrl.org/2003/role/footnote">The gross amount of interest on capital was R$ <ix:nonFraction contextRef="D20221231" name="ugp:InterestOnCapitalPaidBeforeIncomeTax" unitRef="BRL" id="Tag2388" decimals="-3" scale="3" format="ixt:num-dot-decimal">450,004</ix:nonFraction></ix:footnote></span></span></span></p> </ix:nonNumeric>
<div>
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml">
<p style="margin: 0pt; line-height: 1.2;"><br/></p>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-64</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<table xmlns="http://www.w3.org/1999/xhtml" style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, 2023 and 2022</span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </ix:exclude>
<div><span style="font-size: 10pt; text-align: justify; text-indent: 0pt;"><br/></span></div>
<ix:nonNumeric contextRef="D20241231" name="ugp:DisclosureOfBalancesAndChangesInConsolidatedDividendsPayableExplanatory" id="Tag5427" escape="true">
<div style="margin: 0pt; text-indent: 0pt;"><span style="font-size: 10pt; text-align: justify; text-indent: 0pt; font-family: 'times new roman', times;">Changes in dividends payable are as follows:</span></div>
<div><span style="font-size: 10pt; text-align: justify; text-indent: 0pt;"><br/></span></div>
<div id="t_ft_FWF0VBBNCW00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 191px; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 11px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: middle; height: 11px; width: 88%; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2021 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 11px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 11px; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentDividendPayables" unitRef="BRL" id="Tag2199" decimals="-3" scale="3" format="ixt:num-dot-decimal">202,860</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 11px; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provisions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:DividendsPaid" unitRef="BRL" id="Tag2610" decimals="-3" scale="3" format="ixt:num-dot-decimal">429,964</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Prescribed dividends </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ugp:UnclaimedDividendsForfeited" unitRef="BRL" id="Tag2319" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,948</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Payments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ugp:DividendsPaidToEquityHolders" unitRef="BRL" id="Tag2571" decimals="-3" scale="3" format="ixt:num-dot-decimal">581,351</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentDividendPayables" unitRef="BRL" id="Tag2129" decimals="-3" scale="3" format="ixt:num-dot-decimal">48,525</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provisions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:DividendsPaid" unitRef="BRL" id="Tag2581" decimals="-3" scale="3" format="ixt:num-dot-decimal">688,189</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Prescribed dividends </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:UnclaimedDividendsForfeited" unitRef="BRL" id="Tag2560" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,048</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Payments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:DividendsPaidToEquityHolders" unitRef="BRL" id="Tag2546" decimals="-3" scale="3" format="ixt:num-dot-decimal">400,025</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:CurrentDividendPayables" unitRef="BRL" id="Tag2147" decimals="-3" scale="3" format="ixt:num-dot-decimal">334,641</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Dividends payable </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:DividendsPaid" unitRef="BRL" id="Tag2366" decimals="-3" scale="3" format="ixt:num-dot-decimal">829,857</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Dividends prescribed </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ugp:UnclaimedDividendsForfeited" unitRef="BRL" id="Tag2168" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,369</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Payments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231" name="ugp:DividendsPaidToEquityHolders" unitRef="BRL" id="Tag996" decimals="-3" scale="3" format="ixt:num-dot-decimal">833,658</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:CurrentDividendPayables" unitRef="BRL" id="Tag2132" decimals="-3" scale="3" format="ixt:num-dot-decimal">327,471</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> </tr> </tbody> </table> </div> </ix:nonNumeric> </div> </ix:nonNumeric>
<div><br/></div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-65</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div> </div>
<p style="margin:0pt"><br/></p><div style="font-family: 'times new roman', times;">
<div style="font-size: 10pt;">
<div id="t_ft_BW84GA89KG00000000000000000000b">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div> </div>
<div style="line-height: 1.2;">
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfExpensesByNatureExplanatory" id="Tag849" escape="true">
<div style="line-height: 1.2;">
<div style="font-size: 10pt; background-color: #002060; margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB21_1422025195012277" class="customBookmark"><span style="font-size: 10pt;"><span style="color: #ffffff; font-weight: bold; font-family: 'times new roman', times;">21. Costs, expenses and other operating results by nature</span></span></a></div>
<p style="font-size: 10pt; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: Aptos; font-size: 10pt;"><br/></span></p>
<ix:nonNumeric contextRef="D20241231" name="ugp:SummaryOfExpensesByNatureTableTextBlock" id="Tag848" escape="true">
<p style="font-size: 10pt; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-size: 10pt; font-family: 'times new roman', times;">The Company presents its results by nature in the consolidated statement of income and details below its costs, expenses and other operating results by nature:</span></p>
<p style="font-size: 10pt; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: Aptos; font-size: 10pt;"><br/></span></p>
<div style="border-left: none; border-right: none;">
<div style="border-left: none; border-right: none;">
<div id="t_ft_X27D9MXQ5S00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 236px; width: 99.9595%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Times new roman; font-size: 8pt; font-weight: bold;"> <span>2024</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Times new roman; font-size: 8pt; font-weight: bold;"> <span>2023</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Times new roman; font-size: 8pt; font-weight: bold;"> <span>2022</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 64%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt;font-family: 'times new roman', times;"> Raw materials and materials for use and consumption </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:RawMaterialsAndConsumablesUsed" unitRef="BRL" id="Tag3837" decimals="-3" scale="3" format="ixt:num-dot-decimal">121,796,193</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:RawMaterialsAndConsumablesUsed" unitRef="BRL" id="Tag3851" decimals="-3" scale="3" format="ixt:num-dot-decimal">114,657,376</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:RawMaterialsAndConsumablesUsed" unitRef="BRL" id="Tag3843" decimals="-3" scale="3" format="ixt:num-dot-decimal">135,651,809</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt;font-family: 'times new roman', times;"> Personnel expenses </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:EmployeeBenefitsExpense" unitRef="BRL" id="Tag3836" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,591,309</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:EmployeeBenefitsExpense" unitRef="BRL" id="Tag3842" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,335,738</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:EmployeeBenefitsExpense" unitRef="BRL" id="Tag3844" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,657,783</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt;font-family: 'times new roman', times;"> Freight and storage </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:FreightAndStorageExpense" unitRef="BRL" id="Tag3852" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,276,230</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:FreightAndStorageExpense" unitRef="BRL" id="Tag3838" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,378,054</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ugp:FreightAndStorageExpense" unitRef="BRL" id="Tag3835" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,033,718</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt;"><span style=" font-family: 'times new roman', times; ">Decarbonization obligation <span style="font-size: 8pt;"><sup><span style="font-family: 'times new roman', times;">(a)</span></sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:ExpensesFromDecarbonizationObligation" unitRef="BRL" id="Tag3855" decimals="-3" scale="3" format="ixt:num-dot-decimal">584,371</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:ExpensesFromDecarbonizationObligation" unitRef="BRL" id="Tag3822" decimals="-3" scale="3" format="ixt:num-dot-decimal">740,298</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ugp:ExpensesFromDecarbonizationObligation" unitRef="BRL" id="Tag3825" decimals="-3" scale="3" format="ixt:num-dot-decimal">638,542</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> Services provided by third parties </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:ServicesExpense" unitRef="BRL" id="Tag3854" decimals="-3" scale="3" format="ixt:num-dot-decimal">759,638</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ServicesExpense" unitRef="BRL" id="Tag3848" decimals="-3" scale="3" format="ixt:num-dot-decimal">662,542</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:ServicesExpense" unitRef="BRL" id="Tag3831" decimals="-3" scale="3" format="ixt:num-dot-decimal">442,379</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt;font-family: 'times new roman', times;"> Depreciation and amortization </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:DepreciationAndAmortizationIncludingPisAndCofinsTaxes" unitRef="BRL" id="Tag3833" decimals="-3" scale="3" format="ixt:num-dot-decimal">900,673</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:DepreciationAndAmortizationIncludingPisAndCofinsTaxes" unitRef="BRL" id="Tag680" decimals="-3" scale="3" format="ixt:num-dot-decimal">840,377</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ugp:DepreciationAndAmortizationIncludingPisAndCofinsTaxes" unitRef="BRL" id="Tag3815" decimals="-3" scale="3" format="ixt:num-dot-decimal">732,241</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt;font-family: 'times new roman', times;"> Amortization of right-of-use assets </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3823" decimals="-3" scale="3" format="ixt:num-dot-decimal">312,060</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3858" decimals="-3" scale="3" format="ixt:num-dot-decimal">305,900</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3841" decimals="-3" scale="3" format="ixt:num-dot-decimal">288,419</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> Advertising and marketing </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:AdvertisingAndMarketingExpense" unitRef="BRL" id="Tag3817" decimals="-3" scale="3" format="ixt:num-dot-decimal">221,344</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:AdvertisingAndMarketingExpense" unitRef="BRL" id="Tag3839" decimals="-3" scale="3" format="ixt:num-dot-decimal">235,167</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ugp:AdvertisingAndMarketingExpense" unitRef="BRL" id="Tag3810" decimals="-3" scale="3" format="ixt:num-dot-decimal">102,205</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt;"><span style="font-family: Times new roman;">Extemporaneous tax credits <span style="font-size: 8pt;"><sup><span style="font-family: 'times new roman', times;">(b)</span></sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:ExtemporaneousTaxCredits" unitRef="BRL" id="Tag855" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:ExtemporaneousTaxCredits" unitRef="BRL" id="Tag3834" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">19,527</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:ExtemporaneousTaxCredits" unitRef="BRL" id="Tag3857" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">34,247</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> Other expenses and income, net </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:OtherOperatingIncomeExpenseByFunction" unitRef="BRL" id="Tag3850" decimals="-3" scale="3" format="ixt:num-dot-decimal">155,806</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:OtherOperatingIncomeExpenseByFunction" unitRef="BRL" id="Tag3830" decimals="-3" scale="3" format="ixt:num-dot-decimal">468,794</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:OtherOperatingIncomeExpenseByFunction" unitRef="BRL" id="Tag679" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">45,604</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:ExpenseByNature" unitRef="BRL" id="Tag3849" decimals="-3" scale="3" format="ixt:num-dot-decimal">128,597,624</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ExpenseByNature" unitRef="BRL" id="Tag3811" decimals="-3" scale="3" format="ixt:num-dot-decimal">121,604,719</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:ExpenseByNature" unitRef="BRL" id="Tag3856" decimals="-3" scale="3" format="ixt:num-dot-decimal">140,467,245</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> Classified as: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> Cost of products and services sold </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag3816" decimals="-3" scale="3" format="ixt:num-dot-decimal">123,811,893</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag3832" decimals="-3" scale="3" format="ixt:num-dot-decimal">116,730,469</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag3859" decimals="-3" scale="3" format="ixt:num-dot-decimal">136,276,257</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> Selling and marketing </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:SalesAndMarketingExpense" unitRef="BRL" id="Tag3812" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,499,547</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:SalesAndMarketingExpense" unitRef="BRL" id="Tag3824" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,253,226</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:SalesAndMarketingExpense" unitRef="BRL" id="Tag3813" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,141,985</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> General and administrative </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag3814" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,872,092</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag681" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,018,159</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag3818" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,534,481</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> Other operating income (expenses), net </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag3840" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">414,092</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag4008" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">602,865</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag3829" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">514,522</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:ExpenseByNature" unitRef="BRL" id="Tag3999" decimals="-3" scale="3" format="ixt:num-dot-decimal">128,597,624</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ExpenseByNature" unitRef="BRL" id="Tag3821" decimals="-3" scale="3" format="ixt:num-dot-decimal">121,604,719</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:ExpenseByNature" unitRef="BRL" id="Tag3998" decimals="-3" scale="3" format="ixt:num-dot-decimal">140,467,245</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td> </tr> </tbody> </table> </div> </div>
<div style="font-size: 10pt; line-height: 1.2;"><br/></div>
<div id="t_ft_5D3AV6CD9C00000000000000000000b">
<table style="width: 100%; margin: 0px; height: 20px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">
<tbody>
<tr style="height: 10px;">
<td style="width: 3.1355%; height: 10px; vertical-align: top;" valign="top"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">(a)</span></span></td>
<td style="width: 96.8645%; height: 10px; vertical-align: top; text-align: justify;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote67" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Refers to the obligation established by the RenovaBio program to meet decarbonization targets for the gas and oil sector. The amounts are presented in Other operating income (expenses), net. For further information, see Note <span style="border-left: none; border-right: none;">14</span>.</span></ix:footnote></span></td> </tr>
<tr style="height: 10px;">
<td style="width: 3.1355%; height: 10px; vertical-align: top; padding: 0px; margin: 0px; text-indent: 0px;" valign="top"><span style="font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> (b)</span></span></td>
<td style="width: 96.8645%; height: 10px; vertical-align: top; padding: 0px; margin: 0px; text-indent: 0px;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote66" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Refers substantially to the exclusion of ICMS from the PIS and COFINS calculation basis.</span></ix:footnote></span></td> </tr> </tbody> </table> </div> </div> </ix:nonNumeric> </div> </ix:nonNumeric>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
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<div id="t_ft_2HJIV97IG000000000000000000000b">
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<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-66</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div> </div><div id="D32uvr66b9e6x6mj0dyz5bn" style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
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<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><br/></td> </tr> </tbody> </table> </div> <span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></div>
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<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory" id="Tag7" escape="true">
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<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" id="Bnd421_183202515555113" class="customBookmark"><span style="color: #ffffff; font-weight: bold;"><span style="cursor: default;"><span>2</span></span></span><span style="color: #ffffff; font-weight: bold;"><span style="cursor: default;"><span>2</span></span></span><span style="color: #ffffff; font-weight: bold;">. Financial result</span></a></div>
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<ix:nonNumeric contextRef="D20241231" name="ugp:SummaryOfFinancialIncomeExpenseTableTextBlock" id="Tag5378" escape="true">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 240px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> <span>2024</span> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> <span>2023</span> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> <span>2022</span> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Finance income: </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 14px; width: 64%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest on financial investments </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:FinancialInvestmentsInterest" unitRef="BRL" id="Tag3572" decimals="-3" scale="3" format="ixt:num-dot-decimal">514,460</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:FinancialInvestmentsInterest" unitRef="BRL" id="Tag3550" decimals="-3" scale="3" format="ixt:num-dot-decimal">518,607</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:FinancialInvestmentsInterest" unitRef="BRL" id="Tag3540" decimals="-3" scale="3" format="ixt:num-dot-decimal">388,675</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 14px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest from customers </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:InterestIncomeOnLoansAndAdvancesToCustomers" unitRef="BRL" id="Tag3548" decimals="-3" scale="3" format="ixt:num-dot-decimal">173,184</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:InterestIncomeOnLoansAndAdvancesToCustomers" unitRef="BRL" id="Tag3571" decimals="-3" scale="3" format="ixt:num-dot-decimal">127,562</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:InterestIncomeOnLoansAndAdvancesToCustomers" unitRef="BRL" id="Tag3541" decimals="-3" scale="3" format="ixt:num-dot-decimal">128,052</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 14px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Update of subscription warrants (see Note <span>19</span>) </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:ChangesInSubscriptionWarrantsIncome" unitRef="BRL" id="Tag3562" decimals="-3" scale="3" format="ixt:num-dot-decimal">31,657</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:ChangesInSubscriptionWarrantsIncome" unitRef="BRL" id="Tag3553" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:ChangesInSubscriptionWarrantsIncome" unitRef="BRL" id="Tag3564" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,099</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 14px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Selic interest on PIS/COFINS credits </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:SelicInterestOnPISAndCOFINSCredits" unitRef="BRL" id="Tag3535" decimals="-3" scale="3" format="ixt:num-dot-decimal">57,839</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:SelicInterestOnPISAndCOFINSCredits" unitRef="BRL" id="Tag3570" decimals="-3" scale="3" format="ixt:num-dot-decimal">132,257</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:SelicInterestOnPISAndCOFINSCredits" unitRef="BRL" id="Tag3566" decimals="-3" scale="3" format="ixt:num-dot-decimal">35,268</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 14px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Update of provisions and other income </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:UpdateOfProvisionsAndOtherIncome" unitRef="BRL" id="Tag3555" decimals="-3" scale="3" format="ixt:num-dot-decimal">103,934</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:UpdateOfProvisionsAndOtherIncome" unitRef="BRL" id="Tag3547" decimals="-3" scale="3" format="ixt:num-dot-decimal">102,458</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:UpdateOfProvisionsAndOtherIncome" unitRef="BRL" id="Tag3549" decimals="-3" scale="3" format="ixt:num-dot-decimal">149,595</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:FinanceIncome" unitRef="BRL" id="Tag3539" decimals="-3" scale="3" format="ixt:num-dot-decimal">881,074</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:FinanceIncome" unitRef="BRL" id="Tag3567" decimals="-3" scale="3" format="ixt:num-dot-decimal">880,884</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:FinanceIncome" unitRef="BRL" id="Tag3559" decimals="-3" scale="3" format="ixt:num-dot-decimal">706,689</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Financial expenses: </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 14px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest on loans </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:InterestExpenseOnBorrowings" unitRef="BRL" id="Tag3545" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,235,748</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:InterestExpenseOnBorrowings" unitRef="BRL" id="Tag3557" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,482,183</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:InterestExpenseOnBorrowings" unitRef="BRL" id="Tag3561" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,465,259</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 14px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest on leases payable </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:FinanceLeasesInterest" unitRef="BRL" id="Tag3558" decimals="-3" scale="3" format="ixt:num-dot-decimal">133,767</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:FinanceLeasesInterest" unitRef="BRL" id="Tag3563" decimals="-3" scale="3" format="ixt:num-dot-decimal">143,005</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ugp:FinanceLeasesInterest" unitRef="BRL" id="Tag3546" decimals="-3" scale="3" format="ixt:num-dot-decimal">128,069</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 14px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Update of subscription warrants (see Note <span>19</span>) </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:ChangesInSubscriptionWarrants" unitRef="BRL" id="Tag3569" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:ChangesInSubscriptionWarrants" unitRef="BRL" id="Tag3551" decimals="-3" scale="3" format="ixt:num-dot-decimal">45,084</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:ChangesInSubscriptionWarrants" unitRef="BRL" id="Tag291" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 14px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Bank charges, financial transactions tax, and other taxes </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:InterestExpenseOnOtherFinancialLiabilities" unitRef="BRL" id="Tag3543" decimals="-3" scale="3" format="ixt:num-dot-decimal">151,518</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:InterestExpenseOnOtherFinancialLiabilities" unitRef="BRL" id="Tag3556" decimals="-3" scale="3" format="ixt:num-dot-decimal">156,481</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:InterestExpenseOnOtherFinancialLiabilities" unitRef="BRL" id="Tag3536" decimals="-3" scale="3" format="ixt:num-dot-decimal">119,828</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 14px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Foreign exchange variations, net of gain (loss) on derivative financial instruments </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:ExchangeVariationNetOfGainsAndLossesHedgingInstruments" unitRef="BRL" id="Tag3565" decimals="-3" scale="3" format="ixt:num-dot-decimal">280,861</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:ExchangeVariationNetOfGainsAndLossesHedgingInstruments" unitRef="BRL" id="Tag3544" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">38,161</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ugp:ExchangeVariationNetOfGainsAndLossesHedgingInstruments" unitRef="BRL" id="Tag3552" decimals="-3" scale="3" format="ixt:num-dot-decimal">458,032</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 14px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Update of provisions, net, and other expenses </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:UpdateOfProvisionsNetAndOtherExpenses" unitRef="BRL" id="Tag3538" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,114</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:UpdateOfProvisionsNetAndOtherExpenses" unitRef="BRL" id="Tag289" decimals="-3" scale="3" format="ixt:num-dot-decimal">91,422</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ugp:UpdateOfProvisionsNetAndOtherExpenses" unitRef="BRL" id="Tag290" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,709</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 14px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:FinanceCosts" unitRef="BRL" id="Tag3568" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,813,008</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:FinanceCosts" unitRef="BRL" id="Tag3542" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,880,014</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:FinanceCosts" unitRef="BRL" id="Tag3537" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,175,897</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px 14px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: left;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:FinanceIncomeCost" unitRef="BRL" id="Tag3554" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">931,934</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:FinanceIncomeCost" unitRef="BRL" id="Tag3560" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">999,130</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:FinanceIncomeCost" unitRef="BRL" id="Tag3534" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,469,208</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td> </tr> </tbody> </table> </ix:nonNumeric> </div> </ix:nonNumeric> <br/></div>
<div>
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-67</span></span></td> </tr> </tbody> </table> </div> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div> </div><div style="font-family: 'times new roman', times; font-size: 10pt;">
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<div id="t_ft_KMWDK6BR7400000000000000000000b">
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<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p> </div>
<div>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfEarningsPerShareExplanatory" id="Tag32" escape="true">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bndd22_18320251565872" class="customBookmark"><span style="color: #ffffff; font-weight: bold;"><span>2</span></span><span style="color: #ffffff; font-weight: bold;"><span>3</span></span><span style="color: #ffffff; font-weight: bold;">. Earnings per share</span></a></div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><br/></p>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:EarningsPerShareExplanatory" id="Tag27" escape="true">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-size: 10pt; font-family: 'times new roman', times;">The table below presents a reconciliation of numerators and denominators used in computing earnings per share. The Company has a stock plan and subscription warrants, as mentioned in Notes </span><span style="font-family: Aptos; font-size: 10pt;"><span style="font-family: 'times new roman', times;"><span>8</span>.d and <span>19</span>, respectively</span>.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_23WB5C0GRK00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="height: 245px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%">
<tbody>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> <span style="border-left: none; border-right: none;">2024</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> <span style="border-left: none; border-right: none;">2023</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" colspan="7">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">2022</span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Continuing operations </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Discontinued operations </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Total </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 46%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; font-weight: bold;"> Basic earnings per share </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 9%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 9%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 9%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 9%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 9%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Net income for the year of the Company </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" unitRef="BRL" id="Tag3532" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,362,740</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" unitRef="BRL" id="Tag3498" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,439,795</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ProfitLossFromContinuingOperationsAttributableToOrdinaryEquityHoldersOfParentEntity" unitRef="BRL" id="Tag3497" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,498,981</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ProfitLossFromDiscontinuedOperationsAttributableToOrdinaryEquityHoldersOfParentEntity" unitRef="BRL" id="Tag3519" decimals="-3" scale="3" format="ixt:num-dot-decimal">301,858</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" unitRef="BRL" id="Tag3491" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,800,839</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Weighted average number of shares outstanding (in thousands) </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:WeightedAverageShares" unitRef="Shares" id="Tag3514" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,102,130</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:WeightedAverageShares" unitRef="Shares" id="Tag3500" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,095,469</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:WeightedAverageNumberOfOrdinarySharesUsedInCalculatingBasicEarningsPerShareContinuingOperations" unitRef="Shares" id="Tag3513" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,091,990</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:WeightedAverageNumberOfOrdinarySharesUsedInCalculatingBasicEarningsPerShareDiscontinuedOperations" unitRef="Shares" id="Tag3507" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,091,990</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:WeightedAverageShares" unitRef="Shares" id="Tag3516" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,091,990</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Basic earnings per share - R$ </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:BasicEarningsLossPerShare" unitRef="BRLPerShare" id="Tag3521" decimals="4" format="ixt:num-dot-decimal">2.1438</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:BasicEarningsLossPerShare" unitRef="BRLPerShare" id="Tag3515" decimals="4" format="ixt:num-dot-decimal">2.2272</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:BasicEarningsLossPerShareFromContinuingOperations" unitRef="BRLPerShare" id="Tag3502" decimals="4" format="ixt:num-dot-decimal">1.3727</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:BasicEarningsLossPerShareFromDiscontinuedOperations" unitRef="BRLPerShare" id="Tag3495" decimals="4" format="ixt:num-dot-decimal">0.2764</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:BasicEarningsLossPerShare" unitRef="BRLPerShare" id="Tag3493" decimals="4" format="ixt:num-dot-decimal">1.6491</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Diluted earnings per share </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Net income for the year of the Company </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" unitRef="BRL" id="Tag3496" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,362,740</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" unitRef="BRL" id="Tag3523" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,439,795</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ProfitLossFromContinuingOperationsAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" unitRef="BRL" id="Tag3526" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,498,981</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ProfitLossFromDiscontinuedOperationsAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" unitRef="BRL" id="Tag3518" decimals="-3" scale="3" format="ixt:num-dot-decimal">301,858</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" unitRef="BRL" id="Tag3509" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,800,839</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Weighted average number of outstanding shares (in thousands), including dilution effects </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:AdjustedWeightedAverageShares" unitRef="Shares" id="Tag3506" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,117,595</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:AdjustedWeightedAverageShares" unitRef="Shares" id="Tag3520" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,104,942</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ugp:WeightedAverageNumberOfOrdinarySharesUsedInCalculatingDilutedEarningsPerShareContinuingOperations" unitRef="Shares" id="Tag3494" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,098,692</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="I20221231" name="ugp:WeightedAverageNumberOfOrdinarySharesUsedInCalculatingDilutedEarningsPerShareDiscontinuedOperations" unitRef="Shares" id="Tag3505" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,098,692</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:AdjustedWeightedAverageShares" unitRef="Shares" id="Tag3511" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,098,692</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Diluted earnings per share - R$ </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:DilutedEarningsLossPerShare" unitRef="BRLPerShare" id="Tag3531" decimals="4" format="ixt:num-dot-decimal">2.1141</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:DilutedEarningsLossPerShare" unitRef="BRLPerShare" id="Tag3503" decimals="4" format="ixt:num-dot-decimal">2.2081</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:DilutedEarningsLossPerShareFromContinuingOperations" unitRef="BRLPerShare" id="Tag3533" decimals="4" format="ixt:num-dot-decimal">1.3643</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:DilutedEarningsLossPerShareFromDiscontinuedOperations" unitRef="BRLPerShare" id="Tag3522" decimals="4" format="ixt:num-dot-decimal">0.2747</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:DilutedEarningsLossPerShare" unitRef="BRLPerShare" id="Tag3527" decimals="4" format="ixt:num-dot-decimal">1.6391</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Weighted average number of shares (in thousands) </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Weighted average number of shares for basic earnings per share </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:WeightedAverageShares" unitRef="Shares" id="Tag3524" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,102,130</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:WeightedAverageShares" unitRef="Shares" id="Tag3499" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,095,469</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:WeightedAverageShares" unitRef="Shares" id="Tag3517" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,091,990</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Dilution effect </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Subscription warrants </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:DilutiveEffectOfConvertibleInstrumentsOnNumberOfOrdinaryShares" unitRef="Shares" id="Tag3530" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,051</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:DilutiveEffectOfConvertibleInstrumentsOnNumberOfOrdinaryShares" unitRef="Shares" id="Tag3510" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,334</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:DilutiveEffectOfConvertibleInstrumentsOnNumberOfOrdinaryShares" unitRef="Shares" id="Tag3525" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,445</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Stock plan </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" unitRef="Shares" id="Tag3528" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,414</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" unitRef="Shares" id="Tag3529" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,139</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" unitRef="Shares" id="Tag3501" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,257</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Weighted average number of shares for diluted earnings per share </span></p> </td>
<td style="padding: 0px; height: 18px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:AdjustedWeightedAverageShares" unitRef="Shares" id="Tag3504" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,117,595</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 18px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 18px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 18px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:AdjustedWeightedAverageShares" unitRef="Shares" id="Tag3492" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,104,942</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 18px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 18px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 18px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:AdjustedWeightedAverageShares" unitRef="Shares" id="Tag3508" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,098,692</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div> </ix:nonNumeric>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Earnings per share were adjusted retrospectively by the issuance of <ix:nonFraction contextRef="I20221231_MajorOrdinaryShareTransactionsMember" name="ugp:ExerciseOfWarrantsRightsOutstanding" unitRef="Shares" id="Tag3512" decimals="0" format="ixt:num-dot-decimal">2,629,311</ix:nonFraction> common shares due to the partial exercise of the rights conferred by the subscription warrants disclosed in Note <span>19</span>.</span><a href="#TOC"></a> </p> </ix:nonNumeric>
<p style="margin: 0px; text-indent: 0px;"><br/></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-68</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div> </div><div id="Dnpq993rimupnvggikhfr5b" style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
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<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
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<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> <br/> </div> </div>
<div>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory" id="Tag4375" escape="true">
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<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bdnd12_18320251585246" class="customBookmark"><span style="color: #ffffff; font-weight: bold; line-height: inherit;"><span>2</span></span><span style="color: #ffffff; font-weight: bold; line-height: inherit;"><span>4</span></span><span style="color: #ffffff; font-weight: bold; line-height: inherit;">. Segment information</span></a></div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The segments shown in these financial statements are strategic business units supplying different products and services. Intersegment sales are made considering the conditions negotiated between the parties.</span></p>
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<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The main segments are presented in the table below: </span></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Segment </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Main activities </span></p> </td> </tr>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Ultragaz </span></p> </td>
<td style="padding: 0px 0px 0px 7px; height: 10px; width: 85%; vertical-align: top;" valign="top">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Distribution of liquefied petroleum gas (LPG) in the segments: bulk, comprising condominiums, trade, services, industries and agribusiness; and bottled, mainly comprising residential consumers. To expand the offer of energy solutions to its customers, the company also operates in the segments of renewable energy solutions and compressed natural gas. </span></p> </td> </tr>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Ipiranga </span></p> </td>
<td style="padding: 0px 0px 0px 7px; height: 10px; vertical-align: top;" valign="top">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Distribution and sale of oil-related products, biofuels and similar products (gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants) to service stations that operate under the Ipiranga brand throughout Brazil and to major consumers and carrier-reseller-retailer (TRRs), as well as in the convenience stores and automotive services segments. </span></p> </td> </tr>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Ultracargo </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Operates in specialized liquid bulk storage solutions in the main logistics centers of Brazil. </span></p> </td> </tr> </tbody> </table> </div>
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<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Geographic area information</span></p>
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<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfGeographicalAreasExplanatory" id="Tag173" escape="true">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The subsidiaries generate revenue from operations in Brazil, as well as from exports of products and services to foreign customers, as disclosed below:</span></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Times new roman; font-size: 8pt; font-weight: bold;"> <span>2024</span> </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Times new roman; font-size: 8pt; font-weight: bold;"> <span>2023</span> </span></p> </td>
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<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center;"><span style="font-family: Times new roman; font-size: 8pt; font-weight: bold;"> <span>2022</span> </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: Times new roman; font-size: 10pt;"> Net revenue from sales and services: </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
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<td style="padding-left: 3pt; padding-right: 3pt; width: 65%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: Times new roman; font-size: 10pt;"> Brazil </span></p> </td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_BR" name="ifrs-full:Revenue" unitRef="BRL" id="Tag111" decimals="-3" scale="3" format="ixt:num-dot-decimal">132,311,614</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_BR" name="ifrs-full:Revenue" unitRef="BRL" id="Tag1283" decimals="-3" scale="3" format="ixt:num-dot-decimal">124,400,378</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231_BR" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3476" decimals="-3" scale="3" format="ixt:num-dot-decimal">140,801,146</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: Times new roman; font-size: 10pt;"> Europe </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_EuropeMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3152" decimals="-3" scale="3" format="ixt:num-dot-decimal">50,717</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_EuropeMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3272" decimals="-3" scale="3" format="ixt:num-dot-decimal">202,665</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231_EuropeMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3364" decimals="-3" scale="3" format="ixt:num-dot-decimal">607,416</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: Times new roman; font-size: 10pt;"> United States of America and Canada </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_UnitedStatesOfAmericaAndCanadaMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3241" decimals="-3" scale="3" format="ixt:num-dot-decimal">681,136</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_UnitedStatesOfAmericaAndCanadaMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag574" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,084,594</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231_UnitedStatesOfAmericaAndCanadaMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3477" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,785,413</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: Times new roman; font-size: 10pt;"> Other Latin American countries </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_OtherLatinAmericanCountriesMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag579" decimals="-3" scale="3" format="ixt:num-dot-decimal">202,949</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_OtherLatinAmericanCountriesMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag575" decimals="-3" scale="3" format="ixt:num-dot-decimal">204,306</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231_OtherLatinAmericanCountriesMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag552" decimals="-3" scale="3" format="ixt:num-dot-decimal">73,351</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: Times new roman; font-size: 10pt;"> Singapore </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_SG" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3060" decimals="-3" scale="3" format="ixt:num-dot-decimal">166,673</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_SG" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3336" decimals="-3" scale="3" format="ixt:num-dot-decimal">145,082</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_SG" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3319" decimals="-3" scale="3" format="ixt:num-dot-decimal">359,250</ix:nonFraction></span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: Times new roman; font-size: 10pt;"> Others </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_OthersRegionsMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3113" decimals="-3" scale="3" format="ixt:num-dot-decimal">85,824</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_OthersRegionsMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3097" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,676</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231_OthersRegionsMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag1033" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,132</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: Times new roman; font-size: 10pt;"> Total </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3083" decimals="-3" scale="3" format="ixt:num-dot-decimal">133,498,913</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 18px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3267" decimals="-3" scale="3" format="ixt:num-dot-decimal">126,048,701</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 18px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3036" decimals="-3" scale="3" format="ixt:num-dot-decimal">143,634,708</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 18px;" valign="bottom"><br/></td> </tr> </tbody> </table> </div> </ix:nonNumeric> </div>
<div>
<p style="margin: 0pt;"><br/></p>
<div>
<div id="t_ft_W9ICF70YBK00000000000000000000b">
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-69</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </ix:exclude> </div> </div>
<table xmlns="http://www.w3.org/1999/xhtml" style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
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<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table>
<p xmlns="http://www.w3.org/1999/xhtml" style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><br/></p> </ix:exclude> </div> </div> </ix:exclude> </div> </div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">b. Financial information related to segments</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div style="border-left: none; border-right: none;">
<ix:nonNumeric contextRef="D20241231" name="ugp:DisclosureOfFinancialInformationOfSegmentsExplanatory" id="Tag5428" escape="true">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The main financial information of each of the continuing operations of the Company&#8217;s segments is as follows. </span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_KWPUR1069S00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 368px;" width="100%">
<tbody>
<tr style="height: 17px;">
<td colspan="20" style="padding: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 0px;">
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 11px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Profit or loss </span></p> </td>
<td rowspan="2" style="padding: 0px; height: 11px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Ipiranga </span></p> </td>
<td style="padding: 0px; height: 11px; vertical-align: bottom;" rowspan="2" valign="bottom"><br/></td>
<td style="padding: 0px; height: 11px; vertical-align: bottom;" rowspan="2" valign="bottom"><br/></td>
<td rowspan="2" style="padding: 0px; height: 11px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Ultragaz </span></p> </td>
<td style="padding: 0px; height: 11px; vertical-align: bottom;" rowspan="2" valign="bottom"><br/></td>
<td style="padding: 0px; height: 11px; vertical-align: bottom;" rowspan="2" valign="bottom"><br/></td>
<td rowspan="2" style="padding: 0px; height: 11px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Ultracargo </span></p> </td>
<td style="padding: 0px; height: 11px; vertical-align: bottom;" rowspan="2" valign="bottom"><br/></td>
<td style="padding: 0px; height: 11px; vertical-align: bottom;" rowspan="2" valign="bottom"><br/></td>
<td rowspan="2" style="padding: 0px; height: 11px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Others <span style="font-size: 7pt;"><sup>(<span>1</span>) (<span>2</span>)</sup></span></span></p> </td>
<td style="padding: 0px; height: 11px; vertical-align: bottom;" rowspan="2" valign="bottom"><br/></td>
<td style="padding: 0px; height: 11px; vertical-align: bottom;" rowspan="2" valign="bottom"><br/></td>
<td rowspan="2" style="padding: 0px; height: 11px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Subtotal Segments </span></p> </td>
<td style="padding: 0px; height: 11px; vertical-align: bottom;" rowspan="2" valign="bottom"><br/></td>
<td style="padding: 0px; height: 11px; vertical-align: bottom;" rowspan="2" valign="bottom"><br/></td>
<td rowspan="2" style="padding: 0px; height: 11px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Eliminations </span></p> </td>
<td style="padding: 0px; height: 11px; vertical-align: bottom;" rowspan="2" valign="bottom"><br/></td>
<td style="padding: 0px; height: 11px; vertical-align: bottom;" rowspan="2" valign="bottom"><br/></td>
<td rowspan="2" style="padding: 0px; height: 11px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Total </span></p> </td>
<td style="padding: 0px; height: 11px; vertical-align: bottom;" rowspan="2" valign="bottom"><br/></td> </tr>
<tr style="height: 11px;">
<td style="height: 11px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 30.5%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Net revenue from sales and services </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231_IpirangaMember_3" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3310" decimals="-3" scale="3" format="ixt:num-dot-decimal">121,336,232</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231_UltragazMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3281" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,288,418</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231_UltracargoMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag4180" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,075,558</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231_AllOtherSegmentsMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3270" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,691</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231_ReportableSegmentsMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3145" decimals="-3" scale="3" format="ixt:num-dot-decimal">133,708,899</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20241231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3169" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">209,986</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3193" decimals="-3" scale="3" format="ixt:num-dot-decimal">133,498,913</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Transactions with third parties </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_IpirangaMember_3" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag3158" decimals="-3" scale="3" format="ixt:num-dot-decimal">121,335,586</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_UltragazMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag3093" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,287,337</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_UltracargoMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag3088" decimals="-3" scale="3" format="ixt:num-dot-decimal">875,997</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_AllOtherSegmentsMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag1040" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_ReportableSegmentsMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag3440" decimals="-3" scale="3" format="ixt:num-dot-decimal">133,498,913</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>&#8208;</span> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag3280" decimals="-3" scale="3" format="ixt:num-dot-decimal">133,498,913</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Intersegment transactions </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_IpirangaMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag3139" decimals="-3" scale="3" format="ixt:num-dot-decimal">646</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_UltragazMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag3066" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,081</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_UltracargoMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag3332" decimals="-3" scale="3" format="ixt:num-dot-decimal">199,561</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AllOtherSegmentsMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag3306" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,698</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_ReportableSegmentsMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag3101" decimals="-3" scale="3" format="ixt:num-dot-decimal">209,986</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag588" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">209,986</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Cost of products and services sold </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_IpirangaMember_3" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag3094" decimals="-3" scale="3" format="ixt:num-dot-decimal">114,730,458</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_UltragazMember" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag3383" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,895,244</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_UltracargoMember" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag3059" decimals="-3" scale="3" format="ixt:num-dot-decimal">386,568</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AllOtherSegmentsMember" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag3478" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_ReportableSegmentsMember" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag3484" decimals="-3" scale="3" format="ixt:num-dot-decimal">124,012,270</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag3108" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">200,377</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag3062" decimals="-3" scale="3" format="ixt:num-dot-decimal">123,811,893</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Gross profit </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231_IpirangaMember_3" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag1029" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,605,774</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231_UltragazMember" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag3274" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,393,174</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231_UltracargoMember" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag3184" decimals="-3" scale="3" format="ixt:num-dot-decimal">688,990</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231_AllOtherSegmentsMember" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag5179" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,691</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231_ReportableSegmentsMember" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag3180" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,696,629</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20241231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag3103" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">9,609</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag406" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,687,020</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Operating income (expenses) </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Selling and marketing </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_IpirangaMember_3" name="ugp:SellingAndMarketingExpenses" unitRef="BRL" id="Tag3266" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,886,281</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_UltragazMember" name="ugp:SellingAndMarketingExpenses" unitRef="BRL" id="Tag3296" decimals="-3" scale="3" format="ixt:num-dot-decimal">606,609</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_UltracargoMember" name="ugp:SellingAndMarketingExpenses" unitRef="BRL" id="Tag4181" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,723</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_AllOtherSegmentsMember" name="ugp:SellingAndMarketingExpenses" unitRef="BRL" id="Tag3368" decimals="-3" scale="3" format="ixt:num-dot-decimal">11</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_ReportableSegmentsMember" name="ugp:SellingAndMarketingExpenses" unitRef="BRL" id="Tag3300" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,503,624</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_EliminationOfIntersegmentAmountsMember" name="ugp:SellingAndMarketingExpenses" unitRef="BRL" id="Tag3178" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,077</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:SellingAndMarketingExpenses" unitRef="BRL" id="Tag5201" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,499,547</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> General and administrative </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_IpirangaMember_3" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag1049" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,132,913</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_UltragazMember" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag3265" decimals="-3" scale="3" format="ixt:num-dot-decimal">344,060</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_UltracargoMember" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag3207" decimals="-3" scale="3" format="ixt:num-dot-decimal">176,687</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_AllOtherSegmentsMember" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag3250" decimals="-3" scale="3" format="ixt:num-dot-decimal">230,068</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_ReportableSegmentsMember" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag3386" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,883,728</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag583" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">11,636</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag3233" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,872,092</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Results from disposal of property, plant and equipment and intangible assets </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_IpirangaMember_3" name="ifrs-full:GainsLossesOnDisposalsOfNoncurrentAssets" unitRef="BRL" id="Tag3015" decimals="-3" scale="3" format="ixt:num-dot-decimal">167,657</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_UltragazMember" name="ifrs-full:GainsLossesOnDisposalsOfNoncurrentAssets" unitRef="BRL" id="Tag3037" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,134</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_UltracargoMember" name="ifrs-full:GainsLossesOnDisposalsOfNoncurrentAssets" unitRef="BRL" id="Tag3167" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">24</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AllOtherSegmentsMember" name="ifrs-full:GainsLossesOnDisposalsOfNoncurrentAssets" unitRef="BRL" id="Tag3318" decimals="-3" scale="3" format="ixt:num-dot-decimal">70</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_ReportableSegmentsMember" name="ifrs-full:GainsLossesOnDisposalsOfNoncurrentAssets" unitRef="BRL" id="Tag3282" decimals="-3" scale="3" format="ixt:num-dot-decimal">171,837</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:GainsLossesOnDisposalsOfNoncurrentAssets" unitRef="BRL" id="Tag1342" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:GainsLossesOnDisposalsOfNoncurrentAssets" unitRef="BRL" id="Tag3204" decimals="-3" scale="3" format="ixt:num-dot-decimal">171,837</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other operating income (expenses), net </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_IpirangaMember_3" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag4108" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">512,714</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_UltragazMember" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag3485" decimals="-3" scale="3" format="ixt:num-dot-decimal">82,552</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_UltracargoMember" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag567" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,692</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AllOtherSegmentsMember" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag3049" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,378</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_ReportableSegmentsMember" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag545" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">414,092</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag3032" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag3385" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">414,092</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Operating income (loss) </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231_IpirangaMember_3" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag555" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,241,523</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231_UltragazMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag3488" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,529,191</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231_UltracargoMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag4063" decimals="-3" scale="3" format="ixt:num-dot-decimal">515,248</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20241231_AllOtherSegmentsMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag3245" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">218,940</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231_ReportableSegmentsMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag860" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,067,022</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231_EliminationOfIntersegmentAmountsMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag3199" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,104</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag3116" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,073,126</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Share of profit (loss) of subsidiaries, joint ventures and associates </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_IpirangaMember_3" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag589" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">8,654</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_UltragazMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag3212" decimals="-3" scale="3" format="ixt:num-dot-decimal">578</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_UltracargoMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag1039" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,433</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_AllOtherSegmentsMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag3053" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">122,539</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_ReportableSegmentsMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag544" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">127,182</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_EliminationOfIntersegmentAmountsMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag3481" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag3316" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">127,182</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Amortization of fair value adjustments on associates acquisition </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_IpirangaMember_3" name="ugp:AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3269" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_UltragazMember" name="ugp:AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3486" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_UltracargoMember" name="ugp:AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3099" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,493</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AllOtherSegmentsMember" name="ugp:AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3271" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_ReportableSegmentsMember" name="ugp:AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3057" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,493</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_EliminationOfIntersegmentAmountsMember" name="ugp:AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3155" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ugp:AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3070" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,493</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total share of profit (loss) of subsidiaries, joint ventures and associates </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_IpirangaMember_3" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3419" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">8,654</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_UltragazMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3340" decimals="-3" scale="3" format="ixt:num-dot-decimal">578</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_UltracargoMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3255" decimals="-3" scale="3" format="ixt:num-dot-decimal">940</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_AllOtherSegmentsMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3195" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">122,539</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_ReportableSegmentsMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3240" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">129,675</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3191" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3239" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">129,675</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Income (loss) before financial result and income and social contribution taxes </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231_IpirangaMember_3" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag568" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,232,869</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231_UltragazMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag3361" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,529,769</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231_UltracargoMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag3258" decimals="-3" scale="3" format="ixt:num-dot-decimal">516,188</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20241231_AllOtherSegmentsMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag3077" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">341,479</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231_ReportableSegmentsMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag3238" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,937,347</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231_EliminationOfIntersegmentAmountsMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag3040" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,104</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag1048" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,943,451</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Depreciation and amortization (a) </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_IpirangaMember_3" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="BRL" id="Tag4133" decimals="-3" scale="3" format="ixt:num-dot-decimal">444,924</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_UltragazMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="BRL" id="Tag3046" decimals="-3" scale="3" format="ixt:num-dot-decimal">284,153</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_UltracargoMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="BRL" id="Tag1028" decimals="-3" scale="3" format="ixt:num-dot-decimal">118,559</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AllOtherSegmentsMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="BRL" id="Tag3327" decimals="-3" scale="3" format="ixt:num-dot-decimal">19,451</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_ReportableSegmentsMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="BRL" id="Tag3372" decimals="-3" scale="3" format="ixt:num-dot-decimal">867,087</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20241231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="BRL" id="Tag3445" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,953</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="BRL" id="Tag3112" decimals="-3" scale="3" format="ixt:num-dot-decimal">861,134</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Amortization of contractual assets with customers - exclusivity rights </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_IpirangaMember_3" name="ifrs-full:AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" unitRef="BRL" id="Tag3194" decimals="-3" scale="3" format="ixt:num-dot-decimal">553,840</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_UltragazMember" name="ifrs-full:AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" unitRef="BRL" id="Tag3292" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,243</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_UltracargoMember" name="ifrs-full:AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" unitRef="BRL" id="Tag3153" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20241231_AllOtherSegmentsMember" name="ifrs-full:AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" unitRef="BRL" id="Tag3324" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_ReportableSegmentsMember" name="ifrs-full:AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" unitRef="BRL" id="Tag4161" decimals="-3" scale="3" format="ixt:num-dot-decimal">555,083</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" unitRef="BRL" id="Tag3068" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" unitRef="BRL" id="Tag1045" decimals="-3" scale="3" format="ixt:num-dot-decimal">555,083</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Amortization of right-of-use assets </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_IpirangaMember_3" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3358" decimals="-3" scale="3" format="ixt:num-dot-decimal">213,092</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_UltragazMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag593" decimals="-3" scale="3" format="ixt:num-dot-decimal">66,081</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_UltracargoMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3331" decimals="-3" scale="3" format="ixt:num-dot-decimal">29,998</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AllOtherSegmentsMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3147" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,889</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_ReportableSegmentsMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3344" decimals="-3" scale="3" format="ixt:num-dot-decimal">312,060</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_EliminationOfIntersegmentAmountsMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag5419" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3151" decimals="-3" scale="3" format="ixt:num-dot-decimal">312,060</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Amortization of fair value adjustments on associates acquisition </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_IpirangaMember_3" name="ugp:AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3203" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_UltragazMember" name="ugp:AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3264" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_UltracargoMember" name="ugp:AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag4012" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,493</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_AllOtherSegmentsMember" name="ugp:AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3273" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_ReportableSegmentsMember" name="ugp:AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag2981" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,493</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231_EliminationOfIntersegmentAmountsMember" name="ugp:AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3262" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20241231" name="ugp:AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3027" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,493</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total depreciation and amortization </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231_IpirangaMember_3" name="ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" unitRef="BRL" id="Tag3076" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,211,856</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231_UltragazMember" name="ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" unitRef="BRL" id="Tag3366" decimals="-3" scale="3" format="ixt:num-dot-decimal">351,477</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231_UltracargoMember" name="ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" unitRef="BRL" id="Tag3044" decimals="-3" scale="3" format="ixt:num-dot-decimal">151,050</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231_AllOtherSegmentsMember" name="ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" unitRef="BRL" id="Tag3307" decimals="-3" scale="3" format="ixt:num-dot-decimal">22,340</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231_ReportableSegmentsMember" name="ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" unitRef="BRL" id="Tag3168" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,736,723</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20241231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" unitRef="BRL" id="Tag563" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,953</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" unitRef="BRL" id="Tag3343" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,730,770</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_C75VSLE40000000000000000000000b">
<table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td style="width: 3%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(a)</span></td>
<td style="width: 97%;"><span><ix:footnote xml:lang="en-US" id="footnote50" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The amount is net of PIS and COFINS on depreciation in the amount of R$ <ix:nonFraction contextRef="D20241231_PisAndCofinsStateVATMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="BRL" id="Tag3170" decimals="-3" scale="3" format="ixt:num-dot-decimal">39,539</ix:nonFraction>.</span></ix:footnote></span></td> </tr>
<tr>
<td valign="top" style="vertical-align: top;">(<span>1</span>)</td>
<td style="text-align: justify;"><span><ix:footnote xml:lang="en-US" id="footnote51" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Includes in the line &#8220;General and administrative and Revenue from sale of goods&#8221; the amount of R$ <ix:nonFraction contextRef="D20241231" name="ifrs-full:ExpenseOfRestructuringActivities" unitRef="BRL" id="Tag3141" decimals="-3" scale="3" format="ixt:num-dot-decimal">172,242</ix:nonFraction> in <span style="border-left: none; border-right: none;">2024</span> of expenses related to Ultrapar's holding structure.</span></ix:footnote></span></td> </tr>
<tr>
<td valign="top" style="vertical-align: top;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(<span>2</span>)</span></td>
<td style="text-align: justify;"><span><ix:footnote xml:lang="en-US" id="footnote52" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The &#8220;Others&#8221; column refers to the parent Ultrapar and subsidiaries Imaven, Ultrapar International, UVC Investimentos, UVC - Fundo de investimento and share of profit (loss) of joint ventures RPR and Hidrovias.</span></ix:footnote></span></td> </tr> </tbody> </table> </div>
<div>
<div id="t_ft_ADE5UJQOU800000000000000000000b">
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml">
<div>
<p style="margin:0pt"><br/></p>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-70</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<div xmlns="http://www.w3.org/1999/xhtml" id="t_ft_YZSE2B3SAO00000000000000000000b">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div> </ix:exclude> </div> </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_P6ZLF2UK5S00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 204px;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" colspan="20" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br/></td> </tr>
<tr style="height: 0px;">
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Profit or loss </span></p> </td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Ipiranga (Restated)</span><sup><span style="font-weight: bold; line-height: inherit;"> (<span>3</span>)</span></sup></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" rowspan="2"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" rowspan="2"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Ultragaz </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" rowspan="2"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" rowspan="2"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Ultracargo </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" rowspan="2"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" rowspan="2"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Others <span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(Restated) <sup>(<span>1</span>) (<span>2</span>) (<span>3</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" rowspan="2"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" rowspan="2"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Subtotal Segments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" rowspan="2"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" rowspan="2"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Eliminations </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" rowspan="2"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" rowspan="2"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Total </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" rowspan="2"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 30.5%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Net revenue from sales and services </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20231231_IpirangaMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3177" decimals="-3" scale="3" format="ixt:num-dot-decimal">114,551,830</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 0.5%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 0.5%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20231231_UltragazMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3114" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,670,793</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 0.5%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 0.5%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20231231_UltracargoMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag282" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,015,564</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 0.5%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 0.5%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20231231_AllOtherSegmentsMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3190" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,308</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 0.5%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 0.5%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20231231_ReportableSegmentsMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3342" decimals="-3" scale="3" format="ixt:num-dot-decimal">126,252,495</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 0.5%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 0.5%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20231231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag1317" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">203,794</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 0.5%;"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 0.5%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3042" decimals="-3" scale="3" format="ixt:num-dot-decimal">126,048,701</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 0.5%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Transactions with third parties </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_IpirangaMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag576" decimals="-3" scale="3" format="ixt:num-dot-decimal">114,551,827</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_UltragazMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag3219" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,669,365</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_UltracargoMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag553" decimals="-3" scale="3" format="ixt:num-dot-decimal">815,249</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_AllOtherSegmentsMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag3213" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,260</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_ReportableSegmentsMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag5188" decimals="-3" scale="3" format="ixt:num-dot-decimal">126,048,701</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>&#8208;</span> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag3369" decimals="-3" scale="3" format="ixt:num-dot-decimal">126,048,701</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Intersegment transactions </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_IpirangaMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag3019" decimals="-3" scale="3" format="ixt:num-dot-decimal">3</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_UltragazMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag3154" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,428</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_UltracargoMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag3279" decimals="-3" scale="3" format="ixt:num-dot-decimal">200,315</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_AllOtherSegmentsMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag4086" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,048</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_ReportableSegmentsMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag1038" decimals="-3" scale="3" format="ixt:num-dot-decimal">203,794</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag3209" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">203,794</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>&#8208;</span> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Cost of products and services sold </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_IpirangaMember" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag591" decimals="-3" scale="3" format="ixt:num-dot-decimal">108,074,324</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_UltragazMember" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag3161" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,485,215</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_UltracargoMember" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag3235" decimals="-3" scale="3" format="ixt:num-dot-decimal">355,798</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_AllOtherSegmentsMember" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag5175" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_ReportableSegmentsMember" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag3489" decimals="-3" scale="3" format="ixt:num-dot-decimal">116,915,337</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag3174" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">184,868</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag3249" decimals="-3" scale="3" format="ixt:num-dot-decimal">116,730,469</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Gross profit </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20231231_IpirangaMember" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag3244" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,477,506</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20231231_UltragazMember" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag3109" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,185,578</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20231231_UltracargoMember" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag3237" decimals="-3" scale="3" format="ixt:num-dot-decimal">659,766</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20231231_AllOtherSegmentsMember" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag3106" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,308</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20231231_ReportableSegmentsMember" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag3223" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,337,158</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20231231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag3234" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">18,926</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag3373" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,318,232</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Operating income (expenses) </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Selling and marketing </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_IpirangaMember" name="ugp:SellingAndMarketingExpenses" unitRef="BRL" id="Tag3179" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,615,178</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_UltragazMember" name="ugp:SellingAndMarketingExpenses" unitRef="BRL" id="Tag551" decimals="-3" scale="3" format="ixt:num-dot-decimal">626,554</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_UltracargoMember" name="ugp:SellingAndMarketingExpenses" unitRef="BRL" id="Tag3218" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,395</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_AllOtherSegmentsMember" name="ugp:SellingAndMarketingExpenses" unitRef="BRL" id="Tag3317" decimals="-3" scale="3" format="ixt:num-dot-decimal">99</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_ReportableSegmentsMember" name="ugp:SellingAndMarketingExpenses" unitRef="BRL" id="Tag3074" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,253,226</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_EliminationOfIntersegmentAmountsMember" name="ugp:SellingAndMarketingExpenses" unitRef="BRL" id="Tag5178" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ugp:SellingAndMarketingExpenses" unitRef="BRL" id="Tag3164" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,253,226</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> General and administrative </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_IpirangaMember" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag3370" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,318,092</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_UltragazMember" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag3312" decimals="-3" scale="3" format="ixt:num-dot-decimal">298,171</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_UltracargoMember" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag546" decimals="-3" scale="3" format="ixt:num-dot-decimal">167,344</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_AllOtherSegmentsMember" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag556" decimals="-3" scale="3" format="ixt:num-dot-decimal">253,478</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_ReportableSegmentsMember" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag3475" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,037,085</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag3328" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">18,926</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag3362" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,018,159</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Results from disposal of property, plant and equipment and intangible assets </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_IpirangaMember" name="ifrs-full:GainsLossesOnDisposalsOfNoncurrentAssets" unitRef="BRL" id="Tag3026" decimals="-3" scale="3" format="ixt:num-dot-decimal">170,604</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_UltragazMember" name="ifrs-full:GainsLossesOnDisposalsOfNoncurrentAssets" unitRef="BRL" id="Tag3242" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,199</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_UltracargoMember" name="ifrs-full:GainsLossesOnDisposalsOfNoncurrentAssets" unitRef="BRL" id="Tag3254" decimals="-3" scale="3" format="ixt:num-dot-decimal">103</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_AllOtherSegmentsMember" name="ifrs-full:GainsLossesOnDisposalsOfNoncurrentAssets" unitRef="BRL" id="Tag3285" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,915</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_ReportableSegmentsMember" name="ifrs-full:GainsLossesOnDisposalsOfNoncurrentAssets" unitRef="BRL" id="Tag3188" decimals="-3" scale="3" format="ixt:num-dot-decimal">180,991</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:GainsLossesOnDisposalsOfNoncurrentAssets" unitRef="BRL" id="Tag3341" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">59,056</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:GainsLossesOnDisposalsOfNoncurrentAssets" unitRef="BRL" id="Tag3107" decimals="-3" scale="3" format="ixt:num-dot-decimal">121,935</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other operating income (expenses), net </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_IpirangaMember" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag1042" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">657,376</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_UltragazMember" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag3226" decimals="-3" scale="3" format="ixt:num-dot-decimal">20,191</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_UltracargoMember" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag3263" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,335</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_AllOtherSegmentsMember" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag3323" decimals="-3" scale="3" format="ixt:num-dot-decimal">31,985</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_ReportableSegmentsMember" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag3206" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">602,865</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag3248" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag3335" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">602,865</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Operating income (loss) </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20231231_IpirangaMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag1052" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,057,464</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20231231_UltragazMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag4016" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,294,243</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20231231_UltracargoMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag3337" decimals="-3" scale="3" format="ixt:num-dot-decimal">483,465</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20231231_AllOtherSegmentsMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag3322" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">210,199</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20231231_ReportableSegmentsMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag3087" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,624,973</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20231231_EliminationOfIntersegmentAmountsMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag3367" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">59,056</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag3047" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,565,917</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Share of profit (loss) of subsidiaries, joint ventures and associates </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_IpirangaMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag2986" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7,508</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_UltragazMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag3277" decimals="-3" scale="3" format="ixt:num-dot-decimal">26</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_UltracargoMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag4019" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,764</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_AllOtherSegmentsMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag3460" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,626</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_ReportableSegmentsMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag3022" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,908</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_EliminationOfIntersegmentAmountsMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag5173" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag859" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,908</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Income (loss) before financial result and income and social contribution taxes </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20231231_IpirangaMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag3171" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,049,956</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20231231_UltragazMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag3314" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,294,269</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20231231_UltracargoMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag3275" decimals="-3" scale="3" format="ixt:num-dot-decimal">495,229</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20231231_AllOtherSegmentsMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag3256" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">202,573</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20231231_ReportableSegmentsMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag2983" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,636,881</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20231231_EliminationOfIntersegmentAmountsMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag3479" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">59,056</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag3092" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,577,825</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Depreciation and amortization (a) </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_IpirangaMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="BRL" id="Tag3110" decimals="-3" scale="3" format="ixt:num-dot-decimal">429,809</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_UltragazMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="BRL" id="Tag1034" decimals="-3" scale="3" format="ixt:num-dot-decimal">291,462</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_UltracargoMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="BRL" id="Tag1026" decimals="-3" scale="3" format="ixt:num-dot-decimal">105,274</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_AllOtherSegmentsMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="BRL" id="Tag573" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,324</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_ReportableSegmentsMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="BRL" id="Tag3165" decimals="-3" scale="3" format="ixt:num-dot-decimal">840,869</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20231231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="BRL" id="Tag4117" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">492</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="BRL" id="Tag4179" decimals="-3" scale="3" format="ixt:num-dot-decimal">840,377</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Amortization of contractual assets with customers - exclusivity rights </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_IpirangaMember" name="ifrs-full:AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" unitRef="BRL" id="Tag4061" decimals="-3" scale="3" format="ixt:num-dot-decimal">606,036</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_UltragazMember" name="ifrs-full:AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" unitRef="BRL" id="Tag554" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,410</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_UltracargoMember" name="ifrs-full:AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" unitRef="BRL" id="Tag3259" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_AllOtherSegmentsMember" name="ifrs-full:AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" unitRef="BRL" id="Tag3146" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_ReportableSegmentsMember" name="ifrs-full:AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" unitRef="BRL" id="Tag3033" decimals="-3" scale="3" format="ixt:num-dot-decimal">607,446</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" unitRef="BRL" id="Tag3326" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" unitRef="BRL" id="Tag3228" decimals="-3" scale="3" format="ixt:num-dot-decimal">607,446</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Amortization of right-of-use assets </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_IpirangaMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3138" decimals="-3" scale="3" format="ixt:num-dot-decimal">211,934</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_UltragazMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag549" decimals="-3" scale="3" format="ixt:num-dot-decimal">61,124</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_UltracargoMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3357" decimals="-3" scale="3" format="ixt:num-dot-decimal">30,454</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_AllOtherSegmentsMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3308" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,388</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_ReportableSegmentsMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3098" decimals="-3" scale="3" format="ixt:num-dot-decimal">305,900</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_EliminationOfIntersegmentAmountsMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag1031" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <ix:nonFraction contextRef="D20231231_35" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag4047" decimals="-3" scale="3" format="ixt:num-dot-decimal">305,900</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total depreciation and amortization </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_IpirangaMember" name="ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" unitRef="BRL" id="Tag3140" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,247,779</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_UltragazMember" name="ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" unitRef="BRL" id="Tag3061" decimals="-3" scale="3" format="ixt:num-dot-decimal">353,996</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_UltracargoMember" name="ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" unitRef="BRL" id="Tag594" decimals="-3" scale="3" format="ixt:num-dot-decimal">135,728</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_AllOtherSegmentsMember" name="ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" unitRef="BRL" id="Tag1037" decimals="-3" scale="3" format="ixt:num-dot-decimal">16,712</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_ReportableSegmentsMember" name="ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" unitRef="BRL" id="Tag3055" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,754,215</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" unitRef="BRL" id="Tag582" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">492</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" unitRef="BRL" id="Tag550" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,753,723</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_15M9OQDOEO00000000000000000000b">
<table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 40px;">
<tbody>
<tr style="height: 10px;">
<td style="width: 3%; vertical-align: top; height: 10px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(a)</span></td>
<td style="width: 97%; height: 10px;"><span><ix:footnote xml:lang="en-US" id="footnote53" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="border-right: none; border-left: none;">The amount is net of PIS and COFINS on depreciation in the amount of R$ <ix:nonFraction contextRef="D20231231_PisAndCofinsStateVATMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="BRL" id="Tag3302" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,517</ix:nonFraction>.</span></span></ix:footnote></span></td> </tr>
<tr style="height: 10px;">
<td valign="top" style="vertical-align: top; height: 10px;">(<span>1</span>)</td>
<td style="text-align: justify; height: 10px;"><span><ix:footnote xml:lang="en-US" id="footnote54" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="border-right: none; border-left: none;">Includes in the line &#8220;General and administrative and Revenue from sale of goods&#8221; the amount of R$ <ix:nonFraction contextRef="D20231231_35" name="ifrs-full:ExpenseOfRestructuringActivities" unitRef="BRL" id="Tag3183" decimals="-3" scale="3" format="ixt:num-dot-decimal">167,929</ix:nonFraction> in <span style="border-left: none; border-right: none;">2023</span> of expenses related to Ultrapar's holding structure.</span></span></ix:footnote></span></td> </tr>
<tr style="height: 10px;">
<td valign="top" style="vertical-align: top; height: 10px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(<span>2</span>)</span></td>
<td style="text-align: justify; height: 10px;"><span><ix:footnote xml:lang="en-US" id="footnote55" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="border-right: none; border-left: none;">The &#8220;Others&#8221; column refers to the parent Ultrapar and subsidiaries Imaven, Ultrapar International, UVC Investimentos, UVC - Fundo de investimento and share of profit (loss) of joint venture RPR.</span></span></ix:footnote></span></td> </tr>
<tr style="height: 10px;">
<td valign="top" style="vertical-align: top; height: 10px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(<span>3</span>)</span></td>
<td style="text-align: justify; height: 10px;"><span><ix:footnote xml:lang="en-US" id="footnote56" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="border-right: none; border-left: none;">Refers to a change on the corporate structure which the companies Ea&#237; and Millenium became part of Ipiranga consolidated, being restated in <span style="border-left: none; border-right: none;">2023</span> for compability purposes.</span></span></ix:footnote></span></td> </tr> </tbody> </table> </div>
<div>
<div id="t_ft_723QTOZ6JK00000000000000000000b">
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml">
<div>
<p style="margin:0pt"><br/></p>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-71</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<div xmlns="http://www.w3.org/1999/xhtml" id="t_ft_431VR360CG00000000000000000000b">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div> </ix:exclude> </div> </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_YY862FNIN400000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 217px;" width="100%">
<tbody>
<tr style="height: 17px;">
<td colspan="20" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;">12/31/2022</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 0px;">
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Statement of income </span></p> </td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" rowspan="2" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" rowspan="2" valign="bottom"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" rowspan="2" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" rowspan="2" valign="bottom"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Ultracargo </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" rowspan="2" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" rowspan="2" valign="bottom"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Others <sup>(<span>1</span>) (<span>2</span>)</sup></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" rowspan="2" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" rowspan="2" valign="bottom"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Subtotal Segments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" rowspan="2" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" rowspan="2" valign="bottom"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Eliminations </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" rowspan="2" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" rowspan="2" valign="bottom"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" rowspan="2" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px;"><br/></td> </tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 30.5%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Net revenue from sales and services </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_IpirangaMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag578" decimals="-3" scale="3" format="ixt:num-dot-decimal">131,337,966</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltragazMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3021" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,483,398</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltracargoMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3172" decimals="-3" scale="3" format="ixt:num-dot-decimal">867,148</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_AllOtherSegmentsMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3034" decimals="-3" scale="3" format="ixt:num-dot-decimal">218,770</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ReportableSegmentsMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag1041" decimals="-3" scale="3" format="ixt:num-dot-decimal">143,907,282</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3220" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">272,574</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 0.5%;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3303" decimals="-3" scale="3" format="ixt:num-dot-decimal">143,634,708</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 0.5%;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Transactions with third parties </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_IpirangaMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag3086" decimals="-3" scale="3" format="ixt:num-dot-decimal">131,253,637</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltragazMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag3334" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,480,697</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltracargoMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag2985" decimals="-3" scale="3" format="ixt:num-dot-decimal">684,350</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_AllOtherSegmentsMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag585" decimals="-3" scale="3" format="ixt:num-dot-decimal">216,024</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ReportableSegmentsMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag3182" decimals="-3" scale="3" format="ixt:num-dot-decimal">143,634,708</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag3202" decimals="-3" scale="3" format="ixt:num-dot-decimal">143,634,708</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Intersegment transactions </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_IpirangaMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag562" decimals="-3" scale="3" format="ixt:num-dot-decimal">84,329</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltragazMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag565" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,701</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltracargoMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag3346" decimals="-3" scale="3" format="ixt:num-dot-decimal">182,798</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_AllOtherSegmentsMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag3050" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,746</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ReportableSegmentsMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag2984" decimals="-3" scale="3" format="ixt:num-dot-decimal">272,574</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:RevenueFromContractsWithCustomers" unitRef="BRL" id="Tag1030" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">272,574</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost of products and services sold </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_IpirangaMember" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag3102" decimals="-3" scale="3" format="ixt:num-dot-decimal">126,569,490</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_UltragazMember" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag3480" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,446,354</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_UltracargoMember" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag3295" decimals="-3" scale="3" format="ixt:num-dot-decimal">340,621</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_AllOtherSegmentsMember" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag4035" decimals="-3" scale="3" format="ixt:num-dot-decimal">185,914</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_ReportableSegmentsMember" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag3192" decimals="-3" scale="3" format="ixt:num-dot-decimal">136,542,379</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag3071" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">266,122</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag3038" decimals="-3" scale="3" format="ixt:num-dot-decimal">136,276,257</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Gross profit </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_IpirangaMember" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag572" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,768,476</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltragazMember" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag3056" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,037,044</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltracargoMember" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag3483" decimals="-3" scale="3" format="ixt:num-dot-decimal">526,527</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_AllOtherSegmentsMember" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag3163" decimals="-3" scale="3" format="ixt:num-dot-decimal">32,856</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ReportableSegmentsMember" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag3029" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,364,903</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag3020" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,452</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag3487" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,358,451</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Operating income (expenses) </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Selling and marketing </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_IpirangaMember" name="ugp:SellingAndMarketingExpenses" unitRef="BRL" id="Tag3359" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,552,636</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_UltragazMember" name="ugp:SellingAndMarketingExpenses" unitRef="BRL" id="Tag3080" decimals="-3" scale="3" format="ixt:num-dot-decimal">576,087</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_UltracargoMember" name="ugp:SellingAndMarketingExpenses" unitRef="BRL" id="Tag3196" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,701</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_AllOtherSegmentsMember" name="ugp:SellingAndMarketingExpenses" unitRef="BRL" id="Tag571" decimals="-3" scale="3" format="ixt:num-dot-decimal">561</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_ReportableSegmentsMember" name="ugp:SellingAndMarketingExpenses" unitRef="BRL" id="Tag570" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,141,985</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_EliminationOfIntersegmentAmountsMember" name="ugp:SellingAndMarketingExpenses" unitRef="BRL" id="Tag3200" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ugp:SellingAndMarketingExpenses" unitRef="BRL" id="Tag3014" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,141,985</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> General and administrative </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_IpirangaMember" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag3166" decimals="-3" scale="3" format="ixt:num-dot-decimal">828,753</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_UltragazMember" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag3278" decimals="-3" scale="3" format="ixt:num-dot-decimal">257,315</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_UltracargoMember" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag4182" decimals="-3" scale="3" format="ixt:num-dot-decimal">134,208</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_AllOtherSegmentsMember" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag564" decimals="-3" scale="3" format="ixt:num-dot-decimal">320,657</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_ReportableSegmentsMember" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag4100" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,540,933</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag969" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,452</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:GeneralAndAdministrativeExpense" unitRef="BRL" id="Tag3078" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,534,481</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Gain (loss) on disposal of property, plant and equipment and intangible assets </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_IpirangaMember" name="ifrs-full:GainsLossesOnDisposalsOfNoncurrentAssets" unitRef="BRL" id="Tag2987" decimals="-3" scale="3" format="ixt:num-dot-decimal">168,709</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_UltragazMember" name="ifrs-full:GainsLossesOnDisposalsOfNoncurrentAssets" unitRef="BRL" id="Tag3186" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,381</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_UltracargoMember" name="ifrs-full:GainsLossesOnDisposalsOfNoncurrentAssets" unitRef="BRL" id="Tag3031" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">887</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_AllOtherSegmentsMember" name="ifrs-full:GainsLossesOnDisposalsOfNoncurrentAssets" unitRef="BRL" id="Tag3253" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,848</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ReportableSegmentsMember" name="ifrs-full:GainsLossesOnDisposalsOfNoncurrentAssets" unitRef="BRL" id="Tag3010" decimals="-3" scale="3" format="ixt:num-dot-decimal">169,289</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:GainsLossesOnDisposalsOfNoncurrentAssets" unitRef="BRL" id="Tag3091" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:GainsLossesOnDisposalsOfNoncurrentAssets" unitRef="BRL" id="Tag3291" decimals="-3" scale="3" format="ixt:num-dot-decimal">169,289</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other operating income (expenses), net </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_IpirangaMember" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag3315" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">525,966</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltragazMember" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag3159" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,235</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltracargoMember" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag3175" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,330</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_AllOtherSegmentsMember" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag3067" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,879</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_ReportableSegmentsMember" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag3013" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">514,522</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag3016" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag1046" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">514,522</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Operating income </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_IpirangaMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag3058" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,029,830</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltragazMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag3311" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,208,496</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltracargoMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag3023" decimals="-3" scale="3" format="ixt:num-dot-decimal">382,061</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_AllOtherSegmentsMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag3305" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">283,635</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ReportableSegmentsMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag584" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,336,752</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_EliminationOfIntersegmentAmountsMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag3069" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag3063" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,336,752</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Share of profit (loss) of subsidiaries, joint ventures and associates </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_IpirangaMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag3073" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">10,052</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltragazMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag581" decimals="-3" scale="3" format="ixt:num-dot-decimal">13</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_UltracargoMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag3082" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,880</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_AllOtherSegmentsMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag577" decimals="-3" scale="3" format="ixt:num-dot-decimal">26,100</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ReportableSegmentsMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag3482" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,181</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_EliminationOfIntersegmentAmountsMember" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag4189" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ugp:ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" unitRef="BRL" id="Tag3043" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,181</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Income (loss) before financial result and income and social contribution taxes </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_IpirangaMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag3030" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,019,778</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltragazMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag3054" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,208,509</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltracargoMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag4077" decimals="-3" scale="3" format="ixt:num-dot-decimal">378,181</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_AllOtherSegmentsMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag3304" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">257,535</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ReportableSegmentsMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag560" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,348,933</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_EliminationOfIntersegmentAmountsMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag1025" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag3297" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,348,933</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Depreciation of PP&amp;E and amortization of intangible assets </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_IpirangaMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="BRL" id="Tag543" decimals="-3" scale="3" format="ixt:num-dot-decimal">353,962</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltragazMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="BRL" id="Tag569" decimals="-3" scale="3" format="ixt:num-dot-decimal">239,204</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltracargoMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="BRL" id="Tag3338" decimals="-3" scale="3" format="ixt:num-dot-decimal">94,337</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_AllOtherSegmentsMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="BRL" id="Tag3012" decimals="-3" scale="3" format="ixt:num-dot-decimal">44,738</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ReportableSegmentsMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="BRL" id="Tag595" decimals="-3" scale="3" format="ixt:num-dot-decimal">732,241</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="BRL" id="Tag1047" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="BRL" id="Tag3474" decimals="-3" scale="3" format="ixt:num-dot-decimal">732,241</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Amortization of contractual assets with customers - exclusivity rights </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_IpirangaMember" name="ifrs-full:AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" unitRef="BRL" id="Tag3075" decimals="-3" scale="3" format="ixt:num-dot-decimal">503,751</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltragazMember" name="ifrs-full:AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" unitRef="BRL" id="Tag3257" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,502</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_UltracargoMember" name="ifrs-full:AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" unitRef="BRL" id="Tag3329" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_AllOtherSegmentsMember" name="ifrs-full:AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" unitRef="BRL" id="Tag3261" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ReportableSegmentsMember" name="ifrs-full:AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" unitRef="BRL" id="Tag3085" decimals="-3" scale="3" format="ixt:num-dot-decimal">505,253</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" unitRef="BRL" id="Tag580" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">346</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" unitRef="BRL" id="Tag3160" decimals="-3" scale="3" format="ixt:num-dot-decimal">504,907</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Amortization of right-of-use assets </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_IpirangaMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag1043" decimals="-3" scale="3" format="ixt:num-dot-decimal">191,178</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltragazMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3048" decimals="-3" scale="3" format="ixt:num-dot-decimal">56,177</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltracargoMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3197" decimals="-3" scale="3" format="ixt:num-dot-decimal">37,124</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_AllOtherSegmentsMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3142" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,940</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ReportableSegmentsMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag3339" decimals="-3" scale="3" format="ixt:num-dot-decimal">288,419</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<div style="border-left: none; border-right: none;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_EliminationOfIntersegmentAmountsMember" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag4129" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction></span></p> </div> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ugp:AmortizationOfRightToUseAsset" unitRef="BRL" id="Tag1036" decimals="-3" scale="3" format="ixt:num-dot-decimal">288,419</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total depreciation and amortization </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_IpirangaMember" name="ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" unitRef="BRL" id="Tag3294" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,048,891</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltragazMember" name="ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" unitRef="BRL" id="Tag3173" decimals="-3" scale="3" format="ixt:num-dot-decimal">296,883</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltracargoMember" name="ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" unitRef="BRL" id="Tag3330" decimals="-3" scale="3" format="ixt:num-dot-decimal">131,461</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_AllOtherSegmentsMember" name="ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" unitRef="BRL" id="Tag3205" decimals="-3" scale="3" format="ixt:num-dot-decimal">48,678</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_ReportableSegmentsMember" name="ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" unitRef="BRL" id="Tag3309" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,525,913</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" unitRef="BRL" id="Tag3115" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">346</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20221231" name="ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" unitRef="BRL" id="Tag1035" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,525,567</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt;"><br/></p>
<div id="t_ft_3857E5RFEO00000000000000000000b">
<table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; height: 51px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr style="height: 17px;">
<td style="width: 3%; height: 17px; vertical-align: top;" valign="top">(<span>1</span>)</td>
<td style="width: 97%; height: 17px; vertical-align: top; text-align: justify;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote57" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Includes in the line &#8220;General and administrative and Revenue from sale of goods&#8221; the amount of R$ <ix:nonFraction contextRef="D20221231" name="ifrs-full:ExpenseOfRestructuringActivities" unitRef="BRL" id="Tag4165" decimals="-3" scale="3" format="ixt:num-dot-decimal">157,621</ix:nonFraction> in <span>2022</span> of expenses related to Ultrapar's holding structure.</span></ix:footnote></span></td> </tr>
<tr style="height: 34px;">
<td style="height: 34px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(<span>2</span>)</span></td>
<td style="height: 34px; vertical-align: top; text-align: justify;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote96" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The &#8220;Others&#8221; column refers to the parent Ultrapar and the subsidiaries Abastece A&#237;, Millenium, Serma, Imaven Im&#243;veis Ltda. (&#8220;Imaven&#8221;), Ultrapar International, Ultrapar Empreendimentos, UVC Investimentos, UVC - Fundo de investimento and share of profit (loss) of joint venture RPR. In <span>2022</span> the Company ceased to present Abastece A&#237; as a separate segment, including its balance in the &#8220;Others&#8221; column.</span></ix:footnote></span></td> </tr> </tbody> </table> </div> </ix:nonNumeric> </div>
<p style="margin: 0pt;"><br/></p>
<div>
<div id="t_ft_B8FV2Z9VB400000000000000000000b">
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-72</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<div xmlns="http://www.w3.org/1999/xhtml" id="t_ft_JA33ILTYPS00000000000000000000b">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div>
<p xmlns="http://www.w3.org/1999/xhtml" style="margin: 0pt;"><br/></p> </ix:exclude> </div> </div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Assets by segment<br/></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p>
<ix:nonNumeric contextRef="D20241231" name="ugp:DisclosureOfAssetReclassificationExplanatory" id="Tag25" escape="true">
<div id="t_ft_A36YKTHN0000000000000000000000b">
<table cellspacing="0" cellpadding="0" style="height: 137px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">
<tbody>
<tr style="height: 17px;">
<td colspan="14" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Ultracargo </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Others <span style="font-size: 7pt;"><sup>(</sup></span></span><span style="font-size: 7pt;"><sup><span style="font-weight: bold; line-height: inherit;"><span>1</span></span><span style="font-weight: bold; line-height: inherit;">)</span></sup></span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 51%; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Investments </span></p> </td>
<td style="padding: 0px; height: 17px; width: 8%; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_IpirangaMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3347" decimals="-3" scale="3" format="ixt:num-dot-decimal">146,450</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; width: 1%; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; width: 1%; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; width: 8%; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_UltragazMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag5177" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,042</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; width: 1%; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; width: 1%; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; width: 8%; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_UltracargoMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3089" decimals="-3" scale="3" format="ixt:num-dot-decimal">216,134</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; width: 1%; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; width: 1%; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; width: 8%; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_AllOtherSegmentsMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3211" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,785,007</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; width: 8%; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1044" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,148,633</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Property, plant and equipment </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_IpirangaMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3260" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,282,469</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_UltragazMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3072" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,566,376</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_UltracargoMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3214" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,157,663</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_AllOtherSegmentsMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag566" decimals="-3" scale="3" format="ixt:num-dot-decimal">129,458</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3215" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,135,966</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Intangible assets </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_IpirangaMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag559" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,017,405</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_UltragazMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3283" decimals="-3" scale="3" format="ixt:num-dot-decimal">333,652</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_UltracargoMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3176" decimals="-3" scale="3" format="ixt:num-dot-decimal">283,598</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_AllOtherSegmentsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3084" decimals="-3" scale="3" format="ixt:num-dot-decimal">273,675</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag586" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,908,330</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Right-of-use assets </span></p> </td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_IpirangaMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3096" decimals="-3" scale="3" format="ixt:num-dot-decimal">911,783</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_UltragazMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3095" decimals="-3" scale="3" format="ixt:num-dot-decimal">152,024</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_UltracargoMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3490" decimals="-3" scale="3" format="ixt:num-dot-decimal">599,853</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_AllOtherSegmentsMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag1027" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,664</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 18px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 18px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag592" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,671,324</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 18px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other current and non-current assets </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 2.4pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_IpirangaMember" name="ugp:OtherCurrentAndNoncurrentAssets" unitRef="BRL" id="Tag2982" decimals="-3" scale="3" format="ixt:num-dot-decimal">20,944,583</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 1.55pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_UltragazMember" name="ugp:OtherCurrentAndNoncurrentAssets" unitRef="BRL" id="Tag3268" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,156,708</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 2.15pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_UltracargoMember" name="ugp:OtherCurrentAndNoncurrentAssets" unitRef="BRL" id="Tag3276" decimals="-3" scale="3" format="ixt:num-dot-decimal">393,368</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 2.1pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_AllOtherSegmentsMember" name="ugp:OtherCurrentAndNoncurrentAssets" unitRef="BRL" id="Tag265" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,199,162</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:OtherCurrentAndNoncurrentAssets" unitRef="BRL" id="Tag3189" decimals="-3" scale="3" format="ixt:num-dot-decimal">26,693,821</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total assets (excluding intersegment transactions) </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_IpirangaMember" name="ifrs-full:Assets" unitRef="BRL" id="Tag3251" decimals="-3" scale="3" format="ixt:num-dot-decimal">26,302,690</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_UltragazMember" name="ifrs-full:Assets" unitRef="BRL" id="Tag3045" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,209,802</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_UltracargoMember" name="ifrs-full:Assets" unitRef="BRL" id="Tag3065" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,650,616</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_AllOtherSegmentsMember" name="ifrs-full:Assets" unitRef="BRL" id="Tag1050" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,394,966</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:Assets" unitRef="BRL" id="Tag3111" decimals="-3" scale="3" format="ixt:num-dot-decimal">39,558,074</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"> <br/></p>
<div id="t_ft_42KVZ0H1LC00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 153px;" width="100%">
<tbody>
<tr style="height: 17px;">
<td colspan="14" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Ipiranga (Restated)</span><sup><span style="font-weight: bold; line-height: inherit;"> (<span>2</span>)</span></sup></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Ultracargo </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Others <span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(Restated) <span style="font-size: 7pt;"><sup>(</sup></span></span></span><span style="font-size: 7pt;"><sup><span style="font-weight: bold; line-height: inherit;"><span>1</span></span><span style="font-weight: bold; line-height: inherit;">) </span><span style="font-weight: bold; line-height: inherit;">(<span>2</span>)</span></sup></span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 51%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Investments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_IpirangaMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag2989" decimals="-3" scale="3" format="ixt:num-dot-decimal">68,107</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_UltragazMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3210" decimals="-3" scale="3" format="ixt:num-dot-decimal">240</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_UltracargoMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag561" decimals="-3" scale="3" format="ixt:num-dot-decimal">215,745</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_AllOtherSegmentsMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3143" decimals="-3" scale="3" format="ixt:num-dot-decimal">34,264</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3284" decimals="-3" scale="3" format="ixt:num-dot-decimal">318,356</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Property, plant and equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_IpirangaMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3051" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,224,662</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_UltragazMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3449" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,438,662</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_UltracargoMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3224" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,698,605</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_AllOtherSegmentsMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3201" decimals="-3" scale="3" format="ixt:num-dot-decimal">25,652</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:PropertyPlantAndEquipment" unitRef="BRL" id="Tag3136" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,387,581</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Intangible assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_IpirangaMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3135" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,612,584</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_UltragazMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3149" decimals="-3" scale="3" format="ixt:num-dot-decimal">282,517</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_UltracargoMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag558" decimals="-3" scale="3" format="ixt:num-dot-decimal">281,054</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_AllOtherSegmentsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag3222" decimals="-3" scale="3" format="ixt:num-dot-decimal">377,762</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="BRL" id="Tag1251" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,553,917</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Right-of-use assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_IpirangaMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3187" decimals="-3" scale="3" format="ixt:num-dot-decimal">907,867</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_UltragazMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag590" decimals="-3" scale="3" format="ixt:num-dot-decimal">149,698</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_UltracargoMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3156" decimals="-3" scale="3" format="ixt:num-dot-decimal">622,781</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_AllOtherSegmentsMember" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3148" decimals="-3" scale="3" format="ixt:num-dot-decimal">31,180</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:RightofuseAssets" unitRef="BRL" id="Tag3017" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,711,526</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other current and non-current assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_IpirangaMember" name="ugp:OtherCurrentAndNoncurrentAssets" unitRef="BRL" id="Tag3236" decimals="-3" scale="3" format="ixt:num-dot-decimal">19,228,878</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_UltragazMember" name="ugp:OtherCurrentAndNoncurrentAssets" unitRef="BRL" id="Tag3301" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,273,866</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_UltracargoMember" name="ugp:OtherCurrentAndNoncurrentAssets" unitRef="BRL" id="Tag557" decimals="-3" scale="3" format="ixt:num-dot-decimal">415,085</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_AllOtherSegmentsMember" name="ugp:OtherCurrentAndNoncurrentAssets" unitRef="BRL" id="Tag3104" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,362,765</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:OtherCurrentAndNoncurrentAssets" unitRef="BRL" id="Tag3293" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,280,594</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total assets (excluding intersegment transactions) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_IpirangaMember" name="ifrs-full:Assets" unitRef="BRL" id="Tag3198" decimals="-3" scale="3" format="ixt:num-dot-decimal">25,042,098</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_UltragazMember" name="ifrs-full:Assets" unitRef="BRL" id="Tag3090" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,144,983</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_UltracargoMember" name="ifrs-full:Assets" unitRef="BRL" id="Tag3035" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,233,270</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_AllOtherSegmentsMember" name="ifrs-full:Assets" unitRef="BRL" id="Tag3252" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,831,623</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:Assets" unitRef="BRL" id="Tag3365" decimals="-3" scale="3" format="ixt:num-dot-decimal">38,251,974</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p>
<div id="t_ft_9HASGNXLUO00000000000000000000b">
<table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td style="width: 3%; vertical-align: top;" valign="top">(<span>1</span>)</td>
<td style="width: 97%; text-align: justify; vertical-align: top;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote58" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The &#8220;Others&#8221; column refers to the parent Ultrapar and subsidiaries Imaven, Ultrapar International, UVC Investimentos, UVC - Fundo de investimento and share of profit (loss) of joint venture RPR.</span></ix:footnote></span></td> </tr>
<tr>
<td style="vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(<span>2</span>)</span></td>
<td style="text-align: justify; vertical-align: top;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote59" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Refers to a change on the corporate structure which the companies Ea&#237; and Millenium became part of Ipiranga consolidated, being restated in <span style="border-left: none; border-right: none;">2023</span> for compability purposes.</span></ix:footnote></span></td> </tr> </tbody> </table> </div> </ix:nonNumeric> </div> </div> </ix:nonNumeric> </div>
<div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p>
<div>
<div id="t_ft_AFGSZSGEU800000000000000000000b">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-73</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div> </div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table>
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<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bndd321_1832025151118380" class="customBookmark"><span style="color: #ffffff; font-weight: bold; line-height: inherit;"><span>2</span></span><span style="color: #ffffff; font-weight: bold; line-height: inherit;"><span><span>5</span></span></span><span style="color: #ffffff; font-weight: bold; line-height: inherit;">. Financial instruments</span></a></div>
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<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial instruments are classified and measured as follows:</span></p>
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<td style="width: 5%; text-align: center; vertical-align: top; height: 32px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226; </span></td>
<td style="width: 95%; vertical-align: top; text-align: justify; height: 32px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amortized cost: financial instruments held in order to collect and comply with contractual cash flows, solely principal and interest. Interest earned, losses and foreign exchange variations are recognized in profit or loss and balances are stated at amortized cost using the effective interest rate method.</span></td> </tr>
<tr style="height: 48px;">
<td style="text-align: center; vertical-align: top; height: 48px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226; </span><br/></td>
<td style="vertical-align: top; text-align: justify; height: 48px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Measured at fair value through other comprehensive income: financial instruments contracted for the purpose of collecting contractual cash flows or selling financial assets. The balances are stated at fair value, and interest earned, losses and foreign exchange variations are recognized in profit or loss. Differences between fair value and initial amount of financial investments plus interest earned and foreign exchange variations are recognized in equity under &#8220;Accumulated other comprehensive income&#8221;. Accumulated gains and losses recognized in equity are reclassified to profit or loss at the time of their settlement.</span></td> </tr>
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<td style="text-align: center; vertical-align: top; height: 32px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226; </span></td>
<td style="vertical-align: top; text-align: justify; height: 32px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Measured at fair value through profit or loss: financial instruments that were not classified as amortized cost or as measured at fair value through other comprehensive income. Balances are stated at fair value. Interest earned, foreign exchange variations and changes in fair value are recognized in profit or loss. Investment funds and derivatives are classified as measured at fair value through profit or loss.</span></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries use financial instruments for hedging purposes, applying the following concepts:</span> </p>
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<tr>
<td style="width: 5%; text-align: center; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226; </span></td>
<td style="width: 95%; vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Hedge accounting &#8211; fair value hedge: financial instrument used to hedge exposure to changes in the fair value of an item, attributable to a particular risk, which can affect profit or loss.</span><br/></td> </tr>
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<td style="text-align: center; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226; </span><br/></td>
<td style="vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Hedge accounting &#8211; cash flow hedge: financial instruments used to hedge the exposure to variability in cash flows that is attributable to a risk associated with an asset or liability or highly probable transaction or firm commitment that may affect profit or loss.</span></td> </tr>
<tr>
<td style="text-align: center; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226; </span><br/></td>
<td style="vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Hedge accounting &#8211; hedge of investments in foreign operations: financial instruments used to hedge exposure on net investments in foreign subsidiaries due to the fact that the local functional currency is different from the functional currency of the Company</span></td> </tr> </tbody> </table> </div> </ix:nonNumeric> </div>
<p style="line-height: 1.2; font-family: 'times new roman', times; margin: 6pt 0pt; text-indent: 0pt;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit;">Classes and categories of financial instruments and their fair values</span></p>
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<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The balances of financial instrument assets and liabilities and the measurement criteria are presented in accordance with the following categories:</span></p>
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<tr style="height: 16px;">
<td style="width: 5%; text-align: center; height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(a)</span></td>
<td style="width: 95%; height: 16px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Level </span><span><span>1</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> &#8211; prices negotiated (without adjustment) in active markets for identical assets or liabilities;</span></td> </tr>
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<td style="text-align: center; height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(b)</span></td>
<td style="text-align: justify; height: 16px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Level </span><span><span>2</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> &#8211; inputs other than prices negotiated in active markets included in Level </span><span><span>1</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> and observable for the asset or liability, either directly (as prices) or indirectly (derived from prices); and</span></td> </tr>
<tr style="height: 16px;">
<td style="text-align: center; height: 16px; vertical-align: top;" valign="top"><span style="font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(c)</span> </span></td>
<td style="height: 16px; text-align: justify;"><span style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Level </span><span><span>3</span></span><span style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> - inputs for assets or liabilities that are not based on observable market variables (unobservable inputs).</span></td> </tr> </tbody> </table> </div>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-74</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
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<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div> </ix:exclude> </div>
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<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 491px; text-indent: 0px;" width="100%">
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Level </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Carrying value </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Carrying value </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Fair value </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> December 31, 2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Note </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Measured at fair value through profit or loss </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Measured at amortized cost </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 36%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financial assets: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 5%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 1%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 1%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 1%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash and cash equivalents </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash and banks </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_CashAndBankDepositsMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag831" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialAssetsAtAmortisedCostCategoryMember_CashAndBankDepositsMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag2701" decimals="-3" scale="3" format="ixt:num-dot-decimal">405,840</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_CashAndBankDepositsMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag1805" decimals="-3" scale="3" format="ixt:num-dot-decimal">405,840</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_CashAndBankDepositsMember" name="ifrs-full:FinancialAssetsAtFairValue" unitRef="BRL" id="Tag506" decimals="-3" scale="3" format="ixt:num-dot-decimal">405,840</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Securities and funds in local currency </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_CashAndCashEquivalentsSecuritiesAndFundsInLocalCurrencyMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag5787" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialAssetsAtAmortisedCostCategoryMember_CashAndCashEquivalentsSecuritiesAndFundsInLocalCurrencyMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag1325" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,286,152</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_CashAndCashEquivalentsSecuritiesAndFundsInLocalCurrencyMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag151" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,286,152</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_CashAndCashEquivalentsSecuritiesAndFundsInLocalCurrencyMember" name="ifrs-full:FinancialAssetsAtFairValue" unitRef="BRL" id="Tag5784" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,286,152</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Securities and funds in foreign currency </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_CashAndCashEquivalentsSecuritiesAndFundsInForeignCurrencyMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag645" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialAssetsAtAmortisedCostCategoryMember_CashAndCashEquivalentsSecuritiesAndFundsInForeignCurrencyMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag1919" decimals="-3" scale="3" format="ixt:num-dot-decimal">379,601</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_CashAndCashEquivalentsSecuritiesAndFundsInForeignCurrencyMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag3897" decimals="-3" scale="3" format="ixt:num-dot-decimal">379,601</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_CashAndCashEquivalentsSecuritiesAndFundsInForeignCurrencyMember" name="ifrs-full:FinancialAssetsAtFairValue" unitRef="BRL" id="Tag5773" decimals="-3" scale="3" format="ixt:num-dot-decimal">379,601</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Securities and funds in local currency </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4</span>.b </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>2</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_FinancialInvestmentsSecuritiesAndFundsInLocalCurrencyMember_Level2OfFairValueHierarchyMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag4256" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,271,979</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialAssetsAtAmortisedCostCategoryMember_FinancialInvestmentsSecuritiesAndFundsInLocalCurrencyMember_Level2OfFairValueHierarchyMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag3808" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Level2OfFairValueHierarchyMember_FinancialInvestmentsSecuritiesAndFundsInLocalCurrencyMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag1837" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,271,979</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Level2OfFairValueHierarchyMember_FinancialInvestmentsSecuritiesAndFundsInLocalCurrencyMember" name="ifrs-full:FinancialAssetsAtFairValue" unitRef="BRL" id="Tag4325" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,271,979</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Securities and funds in foreign currency </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4</span>.b </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialInvestmentsSecuritiesAndFundsInForeignCurrencyMember_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag1902" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialInvestmentsSecuritiesAndFundsInForeignCurrencyMember_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag648" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,854,126</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialInvestmentsSecuritiesAndFundsInForeignCurrencyMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag3920" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,854,126</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialInvestmentsSecuritiesAndFundsInForeignCurrencyMember" name="ifrs-full:FinancialAssetsAtFairValue" unitRef="BRL" id="Tag104" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,854,126</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Derivative instruments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4</span>.b </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>2</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_DerivativeFinancialInstrumentsAndOtherFinancialAssetsMember_Level2OfFairValueHierarchyMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag1214" decimals="-3" scale="3" format="ixt:num-dot-decimal">833,986</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialAssetsAtAmortisedCostCategoryMember_DerivativeFinancialInstrumentsAndOtherFinancialAssetsMember_Level2OfFairValueHierarchyMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag1749" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Level2OfFairValueHierarchyMember_DerivativeFinancialInstrumentsAndOtherFinancialAssetsMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag625" decimals="-3" scale="3" format="ixt:num-dot-decimal">833,986</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Level2OfFairValueHierarchyMember_DerivativeFinancialInstrumentsAndOtherFinancialAssetsMember" name="ifrs-full:FinancialAssetsAtFairValue" unitRef="BRL" id="Tag3777" decimals="-3" scale="3" format="ixt:num-dot-decimal">833,986</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Energy trading futures contracts </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> <span>25</span>.h </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>2</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Level2OfFairValueHierarchyMember_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_EnergyTradingFuturesContractsAssetsMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag1464" decimals="-3" scale="3" format="ixt:num-dot-decimal">404,695</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Level2OfFairValueHierarchyMember_FinancialAssetsAtAmortisedCostCategoryMember_EnergyTradingFuturesContractsAssetsMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag427" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Level2OfFairValueHierarchyMember_EnergyTradingFuturesContractsAssetsMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag3868" decimals="-3" scale="3" format="ixt:num-dot-decimal">404,695</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Level2OfFairValueHierarchyMember_EnergyTradingFuturesContractsAssetsMember" name="ifrs-full:FinancialAssetsAtFairValue" unitRef="BRL" id="Tag1771" decimals="-3" scale="3" format="ixt:num-dot-decimal">404,695</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade receivables </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>5</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_TradeReceivablesMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag3791" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialAssetsAtAmortisedCostCategoryMember_TradeReceivablesMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag671" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,913,004</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TradeReceivablesMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag4243" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,913,004</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TradeReceivablesMember" name="ifrs-full:FinancialAssetsAtFairValue" unitRef="BRL" id="Tag438" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,913,004</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Reseller financing </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>5</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_ResellerFinancingMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag1255" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialAssetsAtAmortisedCostCategoryMember_ResellerFinancingMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag3862" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,404,883</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_ResellerFinancingMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag1330" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,404,883</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_ResellerFinancingMember" name="ifrs-full:FinancialAssetsAtFairValue" unitRef="BRL" id="Tag1698" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,404,883</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other receivables and other assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OtherReceivablesAndOtherAssetsMember_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag125" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OtherReceivablesAndOtherAssetsMember_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag3783" decimals="-3" scale="3" format="ixt:num-dot-decimal">386,853</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OtherReceivablesAndOtherAssetsMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag509" decimals="-3" scale="3" format="ixt:num-dot-decimal">386,853</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OtherReceivablesAndOtherAssetsMember" name="ifrs-full:FinancialAssetsAtFairValue" unitRef="BRL" id="Tag1600" decimals="-3" scale="3" format="ixt:num-dot-decimal">386,853</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag1817" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,510,660</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag3866" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,630,459</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag497" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,141,119</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:FinancialAssetsAtFairValue" unitRef="BRL" id="Tag117" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,141,119</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financial liabilities: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financing </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>15</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>2</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember_LoanFinancingLiabilitiesMember_Level2OfFairValueHierarchyMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag128" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,085,149</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialLiabilitiesAtAmortisedCostCategoryMember_LoanFinancingLiabilitiesMember_Level2OfFairValueHierarchyMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag239" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,004,027</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Level2OfFairValueHierarchyMember_LoanFinancingLiabilitiesMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag86" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,089,176</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Level2OfFairValueHierarchyMember_LoanFinancingLiabilitiesMember" name="ifrs-full:FinancialLiabilitiesAtFairValue" unitRef="BRL" id="Tag5798" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,871,550</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>15</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>2</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember_DebenturesMember_Level2OfFairValueHierarchyMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag634" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,468,647</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialLiabilitiesAtAmortisedCostCategoryMember_DebenturesMember_Level2OfFairValueHierarchyMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag1341" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,302,687</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Level2OfFairValueHierarchyMember_DebenturesMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag5690" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,771,334</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Level2OfFairValueHierarchyMember_DebenturesMember" name="ifrs-full:FinancialLiabilitiesAtFairValue" unitRef="BRL" id="Tag114" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,728,701</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Derivative instruments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>15</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>2</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Level2OfFairValueHierarchyMember_ForeignExchangeInterestRateAndCommodityHedgingInstrumentLiabilitiesMember_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag1690" decimals="-3" scale="3" format="ixt:num-dot-decimal">441,600</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Level2OfFairValueHierarchyMember_ForeignExchangeInterestRateAndCommodityHedgingInstrumentLiabilitiesMember_FinancialLiabilitiesAtAmortisedCostCategoryMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag1374" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Level2OfFairValueHierarchyMember_ForeignExchangeInterestRateAndCommodityHedgingInstrumentLiabilitiesMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag1306" decimals="-3" scale="3" format="ixt:num-dot-decimal">441,600</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Level2OfFairValueHierarchyMember_ForeignExchangeInterestRateAndCommodityHedgingInstrumentLiabilitiesMember" name="ifrs-full:FinancialLiabilitiesAtFairValue" unitRef="BRL" id="Tag403" decimals="-3" scale="3" format="ixt:num-dot-decimal">441,600</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Energy trading futures contracts </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>26</span>.h </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>2</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Level2OfFairValueHierarchyMember_EnergyTradingFuturesContractsLiabilitiesMember_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag1268" decimals="-3" scale="3" format="ixt:num-dot-decimal">114,776</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Level2OfFairValueHierarchyMember_EnergyTradingFuturesContractsLiabilitiesMember_FinancialLiabilitiesAtAmortisedCostCategoryMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag469" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Level2OfFairValueHierarchyMember_EnergyTradingFuturesContractsLiabilitiesMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag465" decimals="-3" scale="3" format="ixt:num-dot-decimal">114,776</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Level2OfFairValueHierarchyMember_EnergyTradingFuturesContractsLiabilitiesMember" name="ifrs-full:FinancialLiabilitiesAtFairValue" unitRef="BRL" id="Tag5808" decimals="-3" scale="3" format="ixt:num-dot-decimal">114,776</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade payables </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>16</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember_TradePayableMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag1793" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialLiabilitiesAtAmortisedCostCategoryMember_TradePayableMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag5814" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,518,385</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TradePayableMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag4318" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,518,385</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TradePayableMember" name="ifrs-full:FinancialLiabilitiesAtFairValue" unitRef="BRL" id="Tag1744" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,518,385</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade payables - reverse factoring </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>16</span>.b </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember_TradePayablesReverseFactoringMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag1396" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialLiabilitiesAtAmortisedCostCategoryMember_TradePayablesReverseFactoringMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag3863" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,014,504</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TradePayablesReverseFactoringMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag5824" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,014,504</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_TradePayablesReverseFactoringMember" name="ifrs-full:FinancialLiabilitiesAtFairValue" unitRef="BRL" id="Tag1465" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,014,504</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Subscription warrants &#8211; indemnification </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>19</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>1</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember_SubscriptionWarrantsIndemnificationMember_Level1OfFairValueHierarchyMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag4304" decimals="-3" scale="3" format="ixt:num-dot-decimal">47,745</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialLiabilitiesAtAmortisedCostCategoryMember_SubscriptionWarrantsIndemnificationMember_Level1OfFairValueHierarchyMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag852" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Level1OfFairValueHierarchyMember_SubscriptionWarrantsIndemnificationMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag432" decimals="-3" scale="3" format="ixt:num-dot-decimal">47,745</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Level1OfFairValueHierarchyMember_SubscriptionWarrantsIndemnificationMember" name="ifrs-full:FinancialLiabilitiesAtFairValue" unitRef="BRL" id="Tag492" decimals="-3" scale="3" format="ixt:num-dot-decimal">47,745</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financial liabilities of customers </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember_FinancialLiabilitiesOfCustomersMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag5790" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialLiabilitiesAtAmortisedCostCategoryMember_FinancialLiabilitiesOfCustomersMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag404" decimals="-3" scale="3" format="ixt:num-dot-decimal">180,225</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialLiabilitiesOfCustomersMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag628" decimals="-3" scale="3" format="ixt:num-dot-decimal">180,225</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialLiabilitiesOfCustomersMember" name="ifrs-full:FinancialLiabilitiesAtFairValue" unitRef="BRL" id="Tag3792" decimals="-3" scale="3" format="ixt:num-dot-decimal">180,225</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Contingent consideration </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>3</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember_ContingentConsiderationMember_Level3OfFairValueHierarchyMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag445" decimals="-3" scale="3" format="ixt:num-dot-decimal">42,186</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialLiabilitiesAtAmortisedCostCategoryMember_ContingentConsiderationMember_Level3OfFairValueHierarchyMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag5409" decimals="-3" scale="3" format="ixt:num-dot-decimal">52,988</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Level3OfFairValueHierarchyMember_ContingentConsiderationMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag1296" decimals="-3" scale="3" format="ixt:num-dot-decimal">95,174</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Level3OfFairValueHierarchyMember_ContingentConsiderationMember" name="ifrs-full:FinancialLiabilitiesAtFairValue" unitRef="BRL" id="Tag1358" decimals="-3" scale="3" format="ixt:num-dot-decimal">95,174</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other payables </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember_OtherPayablesMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag642" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialLiabilitiesAtAmortisedCostCategoryMember_OtherPayablesMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag1284" decimals="-3" scale="3" format="ixt:num-dot-decimal">171,520</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OtherPayablesMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag5819" decimals="-3" scale="3" format="ixt:num-dot-decimal">171,520</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OtherPayablesMember" name="ifrs-full:FinancialLiabilitiesAtFairValue" unitRef="BRL" id="Tag150" decimals="-3" scale="3" format="ixt:num-dot-decimal">171,520</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag5763" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,200,103</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_FinancialLiabilitiesAtAmortisedCostCategoryMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag5760" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,244,336</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag1852" decimals="-3" scale="3" format="ixt:num-dot-decimal">19,444,439</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:FinancialLiabilitiesAtFairValue" unitRef="BRL" id="Tag5774" decimals="-3" scale="3" format="ixt:num-dot-decimal">19,184,180</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> </div>
<div>
<div style="border-left: none; border-right: none;">
<div>
<div>
<div>
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml">
<div>
<div>
<p style="margin:0pt"><br/></p>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-75</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div>
<div xmlns="http://www.w3.org/1999/xhtml" id="t_ft_YE9ME1LPUO00000000000000000000b">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div> </ix:exclude> </div> </div> </div> </div> </div>
<div id="t_ft_PYDSOIZCK000000000000000000000b">
<p style="margin:0pt"><br/></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 427px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Level </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Carrying value </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Carrying value </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Fair value </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> December 31, 2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Note </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Measured at fair value through profit or loss </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Measured at amortized cost </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 35%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financial assets: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 6%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 16px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 16px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash and cash equivalents </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash and banks </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_CashAndBankDepositsMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag423" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialAssetsAtAmortisedCostCategoryMember_CashAndBankDepositsMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag4319" decimals="-3" scale="3" format="ixt:num-dot-decimal">125,152</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_CashAndBankDepositsMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag1316" decimals="-3" scale="3" format="ixt:num-dot-decimal">125,152</ix:nonFraction> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_CashAndBankDepositsMember" name="ifrs-full:FinancialAssetsAtFairValue" unitRef="BRL" id="Tag604" decimals="-3" scale="3" format="ixt:num-dot-decimal">125,152</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Securities and funds in local currency </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_CashAndCashEquivalentsSecuritiesAndFundsInLocalCurrencyMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag1198" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialAssetsAtAmortisedCostCategoryMember_CashAndCashEquivalentsSecuritiesAndFundsInLocalCurrencyMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag5786" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,476,726</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_CashAndCashEquivalentsSecuritiesAndFundsInLocalCurrencyMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag843" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,476,726</ix:nonFraction> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_CashAndCashEquivalentsSecuritiesAndFundsInLocalCurrencyMember" name="ifrs-full:FinancialAssetsAtFairValue" unitRef="BRL" id="Tag1230" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,476,726</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Securities and funds in foreign currency </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_CashAndCashEquivalentsSecuritiesAndFundsInForeignCurrencyMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag1607" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialAssetsAtAmortisedCostCategoryMember_CashAndCashEquivalentsSecuritiesAndFundsInForeignCurrencyMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag1859" decimals="-3" scale="3" format="ixt:num-dot-decimal">323,810</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_CashAndCashEquivalentsSecuritiesAndFundsInForeignCurrencyMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag1892" decimals="-3" scale="3" format="ixt:num-dot-decimal">323,810</ix:nonFraction> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_CashAndCashEquivalentsSecuritiesAndFundsInForeignCurrencyMember" name="ifrs-full:FinancialAssetsAtFairValue" unitRef="BRL" id="Tag1210" decimals="-3" scale="3" format="ixt:num-dot-decimal">323,810</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financial investments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Securities and funds in local currency </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4</span>.b </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>2</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_FinancialInvestmentsSecuritiesAndFundsInLocalCurrencyMember_Level2OfFairValueHierarchyMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag5382" decimals="-3" scale="3" format="ixt:num-dot-decimal">82,592</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialAssetsAtAmortisedCostCategoryMember_FinancialInvestmentsSecuritiesAndFundsInLocalCurrencyMember_Level2OfFairValueHierarchyMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag656" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Level2OfFairValueHierarchyMember_FinancialInvestmentsSecuritiesAndFundsInLocalCurrencyMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag828" decimals="-3" scale="3" format="ixt:num-dot-decimal">82,592</ix:nonFraction> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Level2OfFairValueHierarchyMember_FinancialInvestmentsSecuritiesAndFundsInLocalCurrencyMember" name="ifrs-full:FinancialAssetsAtFairValue" unitRef="BRL" id="Tag5815" decimals="-3" scale="3" format="ixt:num-dot-decimal">82,592</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Derivative instruments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4</span>.b </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>2</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_DerivativeFinancialInstrumentsAndOtherFinancialAssetsMember_Level2OfFairValueHierarchyMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag5827" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,162,283</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialAssetsAtAmortisedCostCategoryMember_DerivativeFinancialInstrumentsAndOtherFinancialAssetsMember_Level2OfFairValueHierarchyMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag85" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Level2OfFairValueHierarchyMember_DerivativeFinancialInstrumentsAndOtherFinancialAssetsMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag397" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,162,283</ix:nonFraction> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Level2OfFairValueHierarchyMember_DerivativeFinancialInstrumentsAndOtherFinancialAssetsMember" name="ifrs-full:FinancialAssetsAtFairValue" unitRef="BRL" id="Tag4312" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,162,283</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade receivables </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>5</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_TradeReceivablesMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag5758" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialAssetsAtAmortisedCostCategoryMember_TradeReceivablesMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag833" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,269,473</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TradeReceivablesMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag105" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,269,473</ix:nonFraction> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TradeReceivablesMember" name="ifrs-full:FinancialAssetsAtFairValue" unitRef="BRL" id="Tag839" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,269,473</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Reseller financing </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>5</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_ResellerFinancingMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag1750" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialAssetsAtAmortisedCostCategoryMember_ResellerFinancingMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag1190" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,189,886</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_ResellerFinancingMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag1795" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,189,886</ix:nonFraction> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_ResellerFinancingMember" name="ifrs-full:FinancialAssetsAtFairValue" unitRef="BRL" id="Tag5750" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,189,886</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade receivables - sale of subsidiaries </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>5</span>.c </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_ReceivablesFromSaleOfInvestmentsMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag662" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialAssetsAtAmortisedCostCategoryMember_ReceivablesFromSaleOfInvestmentsMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag471" decimals="-3" scale="3" format="ixt:num-dot-decimal">924,364</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_ReceivablesFromSaleOfInvestmentsMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag473" decimals="-3" scale="3" format="ixt:num-dot-decimal">924,364</ix:nonFraction> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_ReceivablesFromSaleOfInvestmentsMember" name="ifrs-full:FinancialAssetsAtFairValue" unitRef="BRL" id="Tag1236" decimals="-3" scale="3" format="ixt:num-dot-decimal">924,364</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other receivables and other assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_OtherReceivablesAndOtherAssetsMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag389" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialAssetsAtAmortisedCostCategoryMember_OtherReceivablesAndOtherAssetsMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag1878" decimals="-3" scale="3" format="ixt:num-dot-decimal">393,036</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_OtherReceivablesAndOtherAssetsMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag5809" decimals="-3" scale="3" format="ixt:num-dot-decimal">393,036</ix:nonFraction> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_OtherReceivablesAndOtherAssetsMember" name="ifrs-full:FinancialAssetsAtFairValue" unitRef="BRL" id="Tag602" decimals="-3" scale="3" format="ixt:num-dot-decimal">393,036</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag391" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,244,875</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag1684" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,702,447</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:FinancialAssets" unitRef="BRL" id="Tag1815" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,947,322</ix:nonFraction> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:FinancialAssetsAtFairValue" unitRef="BRL" id="Tag508" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,947,322</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financial liabilities: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financing </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>15</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>2</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember_LoanFinancingLiabilitiesMember_Level2OfFairValueHierarchyMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag240" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,584,452</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialLiabilitiesAtAmortisedCostCategoryMember_LoanFinancingLiabilitiesMember_Level2OfFairValueHierarchyMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag5737" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,449,857</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Level2OfFairValueHierarchyMember_LoanFinancingLiabilitiesMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag92" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,034,309</ix:nonFraction> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Level2OfFairValueHierarchyMember_LoanFinancingLiabilitiesMember" name="ifrs-full:FinancialLiabilitiesAtFairValue" unitRef="BRL" id="Tag1226" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,853,165</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>15</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>2</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember_DebenturesMember_Level2OfFairValueHierarchyMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag1231" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,618,704</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialLiabilitiesAtAmortisedCostCategoryMember_DebenturesMember_Level2OfFairValueHierarchyMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag1270" decimals="-3" scale="3" format="ixt:num-dot-decimal">488,269</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Level2OfFairValueHierarchyMember_DebenturesMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag103" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,106,973</ix:nonFraction> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Level2OfFairValueHierarchyMember_DebenturesMember" name="ifrs-full:FinancialLiabilitiesAtFairValue" unitRef="BRL" id="Tag4201" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,094,933</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Derivative instruments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>15</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>2</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Level2OfFairValueHierarchyMember_ForeignExchangeInterestRateAndCommodityHedgingInstrumentLiabilitiesMember_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag1884" decimals="-3" scale="3" format="ixt:num-dot-decimal">626,735</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Level2OfFairValueHierarchyMember_ForeignExchangeInterestRateAndCommodityHedgingInstrumentLiabilitiesMember_FinancialLiabilitiesAtAmortisedCostCategoryMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag1272" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Level2OfFairValueHierarchyMember_ForeignExchangeInterestRateAndCommodityHedgingInstrumentLiabilitiesMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag1908" decimals="-3" scale="3" format="ixt:num-dot-decimal">626,735</ix:nonFraction> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Level2OfFairValueHierarchyMember_ForeignExchangeInterestRateAndCommodityHedgingInstrumentLiabilitiesMember" name="ifrs-full:FinancialLiabilitiesAtFairValue" unitRef="BRL" id="Tag235" decimals="-3" scale="3" format="ixt:num-dot-decimal">626,735</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade payables </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>16</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20231231_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember_TradePayableMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag834" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialLiabilitiesAtAmortisedCostCategoryMember_TradePayableMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag1881" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,682,671</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TradePayableMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag5797" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,682,671</ix:nonFraction> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TradePayableMember" name="ifrs-full:FinancialLiabilitiesAtFairValue" unitRef="BRL" id="Tag77" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,682,671</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade payables - reverse factoring </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>16</span>.b </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember_TradePayablesReverseFactoringMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag470" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialLiabilitiesAtAmortisedCostCategoryMember_TradePayablesReverseFactoringMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag1390" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,039,366</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TradePayablesReverseFactoringMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag83" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,039,366</ix:nonFraction> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_TradePayablesReverseFactoringMember" name="ifrs-full:FinancialLiabilitiesAtFairValue" unitRef="BRL" id="Tag123" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,039,366</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Subscription warrants &#8211; indemnification </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>19</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>1</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember_SubscriptionWarrantsIndemnificationMember_Level1OfFairValueHierarchyMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag1710" decimals="-3" scale="3" format="ixt:num-dot-decimal">87,299</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialLiabilitiesAtAmortisedCostCategoryMember_SubscriptionWarrantsIndemnificationMember_Level1OfFairValueHierarchyMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag1385" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Level1OfFairValueHierarchyMember_SubscriptionWarrantsIndemnificationMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag836" decimals="-3" scale="3" format="ixt:num-dot-decimal">87,299</ix:nonFraction> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Level1OfFairValueHierarchyMember_SubscriptionWarrantsIndemnificationMember" name="ifrs-full:FinancialLiabilitiesAtFairValue" unitRef="BRL" id="Tag137" decimals="-3" scale="3" format="ixt:num-dot-decimal">87,299</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financial liabilities of customers </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember_FinancialLiabilitiesOfCustomersMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag253" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialLiabilitiesAtAmortisedCostCategoryMember_FinancialLiabilitiesOfCustomersMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag3869" decimals="-3" scale="3" format="ixt:num-dot-decimal">308,934</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialLiabilitiesOfCustomersMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag1278" decimals="-3" scale="3" format="ixt:num-dot-decimal">308,934</ix:nonFraction> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialLiabilitiesOfCustomersMember" name="ifrs-full:FinancialLiabilitiesAtFairValue" unitRef="BRL" id="Tag606" decimals="-3" scale="3" format="ixt:num-dot-decimal">308,934</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Contingent consideration </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> <span>27</span>.c </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>3</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember_ContingentConsiderationMember_Level3OfFairValueHierarchyMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag4306" decimals="-3" scale="3" format="ixt:num-dot-decimal">112,196</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialLiabilitiesAtAmortisedCostCategoryMember_ContingentConsiderationMember_Level3OfFairValueHierarchyMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag4296" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Level3OfFairValueHierarchyMember_ContingentConsiderationMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag622" decimals="-3" scale="3" format="ixt:num-dot-decimal">112,196</ix:nonFraction> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Level3OfFairValueHierarchyMember_ContingentConsiderationMember" name="ifrs-full:FinancialLiabilitiesAtFairValue" unitRef="BRL" id="Tag1273" decimals="-3" scale="3" format="ixt:num-dot-decimal">112,196</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other payables </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember_OtherPayablesMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag463" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialLiabilitiesAtAmortisedCostCategoryMember_OtherPayablesMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag1830" decimals="-3" scale="3" format="ixt:num-dot-decimal">190,090</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_OtherPayablesMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag1348" decimals="-3" scale="3" format="ixt:num-dot-decimal">190,090</ix:nonFraction> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_OtherPayablesMember" name="ifrs-full:FinancialLiabilitiesAtFairValue" unitRef="BRL" id="Tag80" decimals="-3" scale="3" format="ixt:num-dot-decimal">190,090</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag5807" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,029,386</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_FinancialLiabilitiesAtAmortisedCostCategoryMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag421" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,159,187</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag816" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,188,573</ix:nonFraction> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:FinancialLiabilitiesAtFairValue" unitRef="BRL" id="Tag388" decimals="-3" scale="3" format="ixt:num-dot-decimal">17,995,389</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> </div> </ix:nonNumeric>
<div>
<div id="t_ft_UMA8WDKGDC00000000000000000000b">
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml">
<div>
<p style="margin:0pt"><br/></p>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-76</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<div xmlns="http://www.w3.org/1999/xhtml" id="t_ft_KA5I6EGOK000000000000000000000b">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div> </ix:exclude> </div> </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The fair value of financial instruments measured at Levels <span>2</span> and <span>3</span> is described below.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Securities and funds in local currency: Estimated at the fund unit value as of the date of the financial statements, which corresponds to their fair value.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Derivative instruments: Estimated based on the US dollar futures contracts and the future curves of the DI x fixed rate and DI x IPCA contracts, quoted on B<span>3</span> on the closing date.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Energy trading futures contracts: The fair value considers: (i) the prices established in recent purchases and sales; (ii) supply risk margin; and (iii) the market price projected in the availability period. Whenever the fair value at initial recognition differs from the transaction price for these contracts, a gain or loss is recognized.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financing and debentures: Estimated based on the US dollar futures contracts and the future curves of the DI x fixed rate and DI x IPCA contracts, quoted on B<span>3</span> on the closing date. The fair value calculation of notes in the foreign market used the quoted price in the market.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Contingent consideration: Estimated according to Management&#8217;s projections of results based on the discounted cash flow method, considering the contractual goals set for revenue and accounting net cash flow to be achieved in the year ending December 31, 2026, referring to the acquisition of Stella on October 1, 2022.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<ix:nonNumeric contextRef="D20241231" name="ugp:DisclosureOfChangesInFinancialLiabilitiesMeasuredAtLevel3OfFairValueHierarchyTableTextBlock" id="Tag172" escape="true">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The changes in financial liabilities measured at level <span>3</span> of the fair value hierarchy are presented below:</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_XP4N60HFC000000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 138px; text-indent: 0px;" width="100%">
<tbody>
<tr style="background-color: #cceeff; height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 89%; background-color: #cceeff; height: 16px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Balance as of December 31, 2022</span></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; text-align: right; background-color: #cceeff; height: 16px;"><ix:nonFraction contextRef="I20221231_Level3OfFairValueHierarchyMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag1344" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 89%; height: 16px;">Additions</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; text-align: right; height: 16px;"><ix:nonFraction contextRef="D20231231_Level3OfFairValueHierarchyMember" name="ugp:FinancialLiabilitiesMeasuredAtFairValueAdditions" unitRef="BRL" id="Tag390" decimals="-3" scale="3" format="ixt:num-dot-decimal">111,151</ix:nonFraction></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 16px;"><br/></td> </tr>
<tr style="background-color: #cceeff; height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 89%; background-color: #cceeff; height: 16px;">Monetary variation</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; text-align: right; background-color: #cceeff; border-bottom-color: #000000 !important; height: 16px;"><ix:nonFraction contextRef="D20231231_Level3OfFairValueHierarchyMember" name="ugp:FinancialLiabilitiesMeasuredAtFairValueMonetaryVariation" unitRef="BRL" id="Tag501" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,045</ix:nonFraction></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 89%; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_Level3OfFairValueHierarchyMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag1785" decimals="-3" scale="3" format="ixt:num-dot-decimal">112,196</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 16px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Update of earnout assumptions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_Level3OfFairValueHierarchyMember" name="ugp:FinancialLiabilitiesMeasuredAtFairValueUpdateOfEarnoutAssumptions" unitRef="BRL" id="Tag1266" decimals="-3" scale="3" format="ixt:num-dot-decimal">71,388</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Settlement </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_Level3OfFairValueHierarchyMember" name="ugp:FinancialLiabilitiesMeasuredAtFairValueSettlement" unitRef="BRL" id="Tag5406" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,500</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Monetary variation </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_Level3OfFairValueHierarchyMember" name="ugp:FinancialLiabilitiesMeasuredAtFairValueMonetaryVariation" unitRef="BRL" id="Tag631" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,878</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_Level3OfFairValueHierarchyMember" name="ifrs-full:FinancialLiabilities" unitRef="BRL" id="Tag1605" decimals="-3" scale="3" format="ixt:num-dot-decimal">42,186</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"/> </tr> </tbody> </table> </div> </ix:nonNumeric>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Financial risk management</span><br/></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries are exposed to strategic/operational risks and economic/financial risks. Operational/strategic risks (including demand behavior, competition, technological innovation, and material changes in the industry) are addressed by the Company&#8217;s management model.</span> </p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Economic/financial risks primarily reflect default of customers, behavior of macroeconomic variables, such as commodities prices, exchange and interest rates, as well as the characteristics of the financial instruments used and their counterparties. These risks are managed through specific strategies and control policies.</span></p>
<div>
<ix:exclude>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-77</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<div xmlns="http://www.w3.org/1999/xhtml" id="t_ft_P2Z7CY1YDS00000000000000000000b">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
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<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div> </ix:exclude> </div>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company has a financial risk policy approved by its Board of Directors (&#8220;Policy&#8221;). In accordance with the Policy, the main objectives of financial management are to preserve the value and liquidity of financial assets and ensure financial resources for the development of the business, including expansions. The main financial risks considered in the Policy are market risks (currencies, interest rates and commodities), liquidity and credit.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Financial Risk Committee is responsible for monitoring the compliance with the Policy and deciding on any cases of non-compliance. The Audit and Risk Committee (&#8220;CAR&#8221;) advises the Board of Directors in the efficiency of controls and in the review of the Risk Management Policy. The Risk, Integrity and Audit Director monitors the compliance with the Policy and reports to CAR and the Board of Directors the exposure to the risks and any cases of non-compliance with the Policy. </span></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><br/></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries are exposed to the following risks, which are mitigated and managed using specific financial instruments:</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsExplanatory" id="Tag203" escape="true">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 138px; width: 100%;" width="100%">
<tbody>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 19.68%; text-align: center; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Risks </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1%; text-align: center; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 35%; text-align: center; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Exposure origin </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1%; text-align: center; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 35%; text-align: center; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Management </span></p> </td> </tr>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 19.68%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Market risk - exchange rate </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 35%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_CurrencyRiskMember" name="ifrs-full:DescriptionOfExposureToRisk" id="Tag644" escape="false">Possibility of losses resulting from exposures to exchange rates other than the functional presentation currency, which may be of a financial or operational origin.</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 35%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_CurrencyRiskMember" name="ifrs-full:DescriptionOfObjectivesPoliciesAndProcessesForManagingRisk" id="Tag398" escape="false">Seek exchange rate neutrality, using hedging instruments if applicable.</ix:nonNumeric> </span></p> </td> </tr>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; width: 19.68%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Market risk - interest rate </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; width: 35%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_InterestRateRiskMember" name="ifrs-full:DescriptionOfExposureToRisk" id="Tag3807" escape="false">Possibility of losses resulting from the contracting of fixed-rate financial assets or liabilities.</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; width: 35%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_InterestRateRiskMember" name="ifrs-full:DescriptionOfObjectivesPoliciesAndProcessesForManagingRisk" id="Tag452" escape="false">Maintain most of the net financial exposure indexed to floating rates, linked to the basic interest rate.</ix:nonNumeric> </span></p> </td> </tr>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; height: 32px; width: 19.68%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Market risk - commodity prices </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; height: 32px; width: 35%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_CommodityPriceRiskMember" name="ifrs-full:DescriptionOfExposureToRisk" id="Tag456" escape="false">Possibility of losses resulting from changes in the prices of the main raw materials or products sold by the Company and their effects on profit or loss, statement of financial position and cash flow.</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; height: 32px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; height: 32px; width: 35%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_CommodityPriceRiskMember" name="ifrs-full:DescriptionOfObjectivesPoliciesAndProcessesForManagingRisk" id="Tag138" escape="false">Hedging instruments, if applicable.</ix:nonNumeric> </span></p> </td> </tr>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 32px; width: 19.68%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Credit risk </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 32px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 32px; width: 35%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_CreditRiskMember" name="ifrs-full:DescriptionOfExposureToRisk" id="Tag3780" escape="false">Possibility of losses associated with the counterparty's failure to comply with financial obligations due to insolvency issues or deterioration in risk classification.</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 32px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 32px; width: 35%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_CreditRiskMember" name="ifrs-full:DescriptionOfObjectivesPoliciesAndProcessesForManagingRisk" id="Tag1331" escape="false">Diversification and monitoring of counterparty&#8217;s solvency and liquidity indicators.</ix:nonNumeric> </span></p> </td> </tr>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; height: 32px; width: 19.68%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Liquidity risk </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 32px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; height: 32px; width: 35%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_LiquidityRiskMember" name="ifrs-full:DescriptionOfExposureToRisk" id="Tag1232" escape="false">Possibility of inability to honor obligations, including guarantees, and incurring losses.</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; height: 32px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; height: 32px; width: 35%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_LiquidityRiskMember" name="ifrs-full:DescriptionOfObjectivesPoliciesAndProcessesForManagingRisk" id="Tag3806" escape="false">For cash management: financial investments liquidity. For debt management: seek the combination of better terms and costs, by monitoring the ratio of average debt term to financial leverage.</ix:nonNumeric> </span></p> </td> </tr> </tbody> </table> </ix:nonNumeric>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p> </div>
<div style="line-height: 1.2; text-align: justify;">
<p style="margin: 0pt 0pt 12pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Market risk - exchange and interest rates</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Currency risk management is guided by neutrality of currency exposures and considers the risks associated to changes in exchange rates. The Company considers as its main exposure the assets and liabilities in foreign currency.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries use foreign exchange hedging instruments to protect their assets, liabilities, receipts, disbursements and investments in foreign currencies. These instruments aim to reduce the effects of foreign exchange variations, within the exposure limits of its Policy.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As to the interest rate risk, the Company and its subsidiaries raise and invest funds mainly linked to the DI. The Company seeks to maintain most of its financial assets and liabilities with floating interest rates, adopting instruments that hedge against the risk of changes in interest rates.</span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-78</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div>
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<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div> </div> </ix:exclude> </div> </div>
<p style="margin: 0pt; font-family: 'times new roman', times;"><span style="font-size: 10pt;"><br/></span></p> <span style="font-size: 10pt; font-family: 'times new roman', times;">The assets and liabilities exposed to foreign currency, translated to Reais, and/or exposed to floating interest rates are shown below: </span></div>
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<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<ix:nonNumeric contextRef="D20241231" name="ugp:SummaryOfAssetsAndLiabilitiesInForeignCurrenciesTableTextBlock" id="Tag164" escape="true">
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<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
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<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Exchange rate </span></p> </td>
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<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Interest rate </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td> </tr>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Note </span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Currency </span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Index </span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
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<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; width: 34%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; width: 5%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
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<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
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<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
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<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
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<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash, cash equivalents, and financial investments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_CurrencyRiskMember" name="ugp:CashCashEquivalentsAndFinancialInvestmentsInForeignCurrencyExceptHedgingInstruments" unitRef="BRL" id="Tag90" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,428,520</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_CurrencyRiskMember" name="ugp:CashCashEquivalentsAndFinancialInvestmentsInForeignCurrencyExceptHedgingInstruments" unitRef="BRL" id="Tag1382" decimals="-3" scale="3" format="ixt:num-dot-decimal">371,474</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_InterestRateRiskMember" name="ugp:CashCashEquivalentsAndFinancialInvestmentsInForeignCurrencyExceptHedgingInstruments" unitRef="BRL" id="Tag99" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,558,131</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_InterestRateRiskMember" name="ugp:CashCashEquivalentsAndFinancialInvestmentsInForeignCurrencyExceptHedgingInstruments" unitRef="BRL" id="Tag1810" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,559,318</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade receivables, net of allowance for expected credit losses </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>5</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_CurrencyRiskMember" name="ugp:ForeignTradeReceivablesNetOfAllowanceForDoubtfulAccountsAndAdvancesToForeignCustomers" unitRef="BRL" id="Tag443" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,393</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_CurrencyRiskMember" name="ugp:ForeignTradeReceivablesNetOfAllowanceForDoubtfulAccountsAndAdvancesToForeignCustomers" unitRef="BRL" id="Tag505" decimals="-3" scale="3" format="ixt:num-dot-decimal">84,855</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_InterestRateRiskMember" name="ugp:ForeignTradeReceivablesNetOfAllowanceForDoubtfulAccountsAndAdvancesToForeignCustomers" unitRef="BRL" id="Tag635" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_InterestRateRiskMember" name="ugp:ForeignTradeReceivablesNetOfAllowanceForDoubtfulAccountsAndAdvancesToForeignCustomers" unitRef="BRL" id="Tag655" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Inventories </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>6</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_CurrencyRiskMember" name="ifrs-full:InventoriesTotal" unitRef="BRL" id="Tag4250" decimals="-3" scale="3" format="ixt:num-dot-decimal">93,821</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20231231_CurrencyRiskMember" name="ifrs-full:InventoriesTotal" unitRef="BRL" id="Tag82" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20241231_InterestRateRiskMember" name="ifrs-full:InventoriesTotal" unitRef="BRL" id="Tag1862" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20231231_InterestRateRiskMember" name="ifrs-full:InventoriesTotal" unitRef="BRL" id="Tag108" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade receivables - sale of subsidiaries </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>5</span>.c </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> BRL/ USD </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_CurrencyRiskMember" name="ugp:OtherReceivablesInForeignCurrency" unitRef="BRL" id="Tag5739" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_CurrencyRiskMember" name="ugp:OtherReceivablesInForeignCurrency" unitRef="BRL" id="Tag3797" decimals="-3" scale="3" format="ixt:num-dot-decimal">715,877</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_InterestRateRiskMember" name="ugp:OtherReceivablesInForeignCurrency" unitRef="BRL" id="Tag1339" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_InterestRateRiskMember" name="ugp:OtherReceivablesInForeignCurrency" unitRef="BRL" id="Tag1376" decimals="-3" scale="3" format="ixt:num-dot-decimal">208,487</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other assets in foreign currency </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_CurrencyRiskMember" name="ugp:OtherNetAssetsOfForeignSubsidiariesInForeignCurrencyExceptCashCashEquivalentsFinancialInvestmentsTradeReceivablesFinancingAndPayables" unitRef="BRL" id="Tag3922" decimals="-3" scale="3" format="ixt:num-dot-decimal">21,028</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_CurrencyRiskMember" name="ugp:OtherNetAssetsOfForeignSubsidiariesInForeignCurrencyExceptCashCashEquivalentsFinancialInvestmentsTradeReceivablesFinancingAndPayables" unitRef="BRL" id="Tag259" decimals="-3" scale="3" format="ixt:num-dot-decimal">152,393</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_InterestRateRiskMember" name="ugp:OtherNetAssetsOfForeignSubsidiariesInForeignCurrencyExceptCashCashEquivalentsFinancialInvestmentsTradeReceivablesFinancingAndPayables" unitRef="BRL" id="Tag466" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_InterestRateRiskMember" name="ugp:OtherNetAssetsOfForeignSubsidiariesInForeignCurrencyExceptCashCashEquivalentsFinancialInvestmentsTradeReceivablesFinancingAndPayables" unitRef="BRL" id="Tag233" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_CurrencyRiskMember" name="ugp:AssetsInForeignCurrency" unitRef="BRL" id="Tag5776" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,570,762</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_CurrencyRiskMember" name="ugp:AssetsInForeignCurrency" unitRef="BRL" id="Tag835" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,324,599</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_InterestRateRiskMember" name="ugp:AssetsInForeignCurrency" unitRef="BRL" id="Tag263" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,558,131</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_InterestRateRiskMember" name="ugp:AssetsInForeignCurrency" unitRef="BRL" id="Tag842" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,767,805</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Liabilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Loans, financing and debentures <span style="font-size: 8pt;"><span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>15</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD/ EUR/ JPY </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_CurrencyRiskMember" name="ugp:FinancingInForeignCurrency" unitRef="BRL" id="Tag601" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,681,657</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_CurrencyRiskMember" name="ugp:FinancingInForeignCurrency" unitRef="BRL" id="Tag4308" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,297,013</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_InterestRateRiskMember" name="ugp:FinancingInForeignCurrency" unitRef="BRL" id="Tag425" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,515,010</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_InterestRateRiskMember" name="ugp:FinancingInForeignCurrency" unitRef="BRL" id="Tag402" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,242,524</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Loans &#8211; FINEP </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>15</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_CurrencyRiskMember" name="ugp:NetAssetsLiabilitiesPositionExposedToFloatingInterestRates" unitRef="BRL" id="Tag119" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_CurrencyRiskMember" name="ugp:NetAssetsLiabilitiesPositionExposedToFloatingInterestRates" unitRef="BRL" id="Tag494" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> TJLP </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_InterestRateRiskMember" name="ugp:NetAssetsLiabilitiesPositionExposedToFloatingInterestRates" unitRef="BRL" id="Tag392" decimals="-3" scale="3" format="ixt:num-dot-decimal">679</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_InterestRateRiskMember" name="ugp:NetAssetsLiabilitiesPositionExposedToFloatingInterestRates" unitRef="BRL" id="Tag672" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,264</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Payables arising from imports </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>16</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_CurrencyRiskMember" name="ugp:PayablesArisingFromImports" unitRef="BRL" id="Tag136" decimals="-3" scale="3" format="ixt:num-dot-decimal">936,140</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_CurrencyRiskMember" name="ugp:PayablesArisingFromImports" unitRef="BRL" id="Tag3826" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,730,426</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_InterestRateRiskMember" name="ugp:PayablesArisingFromImports" unitRef="BRL" id="Tag1706" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_InterestRateRiskMember" name="ugp:PayablesArisingFromImports" unitRef="BRL" id="Tag5775" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other liabilities in foreign currency </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_CurrencyRiskMember" name="ugp:LiabilitiesExposureFromSubsidiariesHeldForSale" unitRef="BRL" id="Tag134" decimals="-3" scale="3" format="ixt:num-dot-decimal">41,298</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_CurrencyRiskMember" name="ugp:LiabilitiesExposureFromSubsidiariesHeldForSale" unitRef="BRL" id="Tag1363" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_InterestRateRiskMember" name="ugp:LiabilitiesExposureFromSubsidiariesHeldForSale" unitRef="BRL" id="Tag5761" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_InterestRateRiskMember" name="ugp:LiabilitiesExposureFromSubsidiariesHeldForSale" unitRef="BRL" id="Tag3919" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_CurrencyRiskMember" name="ugp:LiabilitiesInForeignCurrency" unitRef="BRL" id="Tag1692" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,659,095</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_CurrencyRiskMember" name="ugp:LiabilitiesInForeignCurrency" unitRef="BRL" id="Tag4295" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,027,439</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_InterestRateRiskMember" name="ugp:LiabilitiesInForeignCurrency" unitRef="BRL" id="Tag5400" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,515,689</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_InterestRateRiskMember" name="ugp:LiabilitiesInForeignCurrency" unitRef="BRL" id="Tag624" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,243,788</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Derivative instruments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> <span>25</span>.f </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD / EUR / JPY </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_CurrencyRiskMember" name="ugp:ForeignCurrencyHedgingInstruments" unitRef="BRL" id="Tag3788" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,470,855</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_CurrencyRiskMember" name="ugp:ForeignCurrencyHedgingInstruments" unitRef="BRL" id="Tag1680" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,309,125</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_InterestRateRiskMember" name="ugp:ForeignCurrencyHedgingInstruments" unitRef="BRL" id="Tag5751" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,380,131</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_InterestRateRiskMember" name="ugp:ForeignCurrencyHedgingInstruments" unitRef="BRL" id="Tag4316" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">8,567,676</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_CurrencyRiskMember" name="ugp:NetAssetLiabilityPositionTotal" unitRef="BRL" id="Tag1247" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">617,478</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_CurrencyRiskMember" name="ugp:NetAssetLiabilityPositionTotal" unitRef="BRL" id="Tag1755" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">393,715</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_InterestRateRiskMember" name="ugp:NetAssetLiabilityPositionTotal" unitRef="BRL" id="Tag1879" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,337,689</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_InterestRateRiskMember" name="ugp:NetAssetLiabilityPositionTotal" unitRef="BRL" id="Tag407" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,043,659</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net liability position - effect on equity </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_CurrencyRiskMember" name="ugp:NetAssetLiabilityPositionShareholdersEffectEquity" unitRef="BRL" id="Tag4242" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_CurrencyRiskMember" name="ugp:NetAssetLiabilityPositionShareholdersEffectEquity" unitRef="BRL" id="Tag102" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">10,857</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_InterestRateRiskMember" name="ugp:NetAssetLiabilityPositionShareholdersEffectEquity" unitRef="BRL" id="Tag5802" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_InterestRateRiskMember" name="ugp:NetAssetLiabilityPositionShareholdersEffectEquity" unitRef="BRL" id="Tag3923" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net liability position - effect on profit or loss </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_CurrencyRiskMember" name="ugp:NetAssetLiabilityPositionEffectStatementIncome" unitRef="BRL" id="Tag3801" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">617,478</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_CurrencyRiskMember" name="ugp:NetAssetLiabilityPositionEffectStatementIncome" unitRef="BRL" id="Tag5754" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">382,858</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_InterestRateRiskMember" name="ugp:NetAssetLiabilityPositionEffectStatementIncome" unitRef="BRL" id="Tag667" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,337,689</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_InterestRateRiskMember" name="ugp:NetAssetLiabilityPositionEffectStatementIncome" unitRef="BRL" id="Tag131" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,043,659</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; break-after: avoid; break-inside: avoid;"><br/></p>
<div id="t_ft_SNELON3NTC00000000000000000000b">
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td style="width: 3%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(</span><span style="font-size: 10pt;"><span>1</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="font-size: 10pt;">)</span></span></td>
<td style="width: 97%; text-align: justify;"><span><ix:footnote xml:lang="en-US" id="footnote35" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="width: 97%;">Gross transaction costs of R$ </span><ix:nonFraction contextRef="I20241231_NotesInForeignMarketMember" name="ugp:TransactionCostsFinancialInstruments" unitRef="BRL" id="Tag264" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,807</ix:nonFraction><span style="width: 97%;"> (R$ </span><ix:nonFraction contextRef="I20231231_NotesInForeignMarketMember" name="ugp:TransactionCostsFinancialInstruments" unitRef="BRL" id="Tag444" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,116</ix:nonFraction><span style="width: 97%;"> as of December 31, 2023 and R$ </span><ix:nonFraction contextRef="I20221231_NotesInForeignMarketMember" name="ugp:TransactionCostsFinancialInstruments" unitRef="BRL" id="Tag629" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,405</ix:nonFraction><span style="width: 97%;"> as of December 31, 2022) and discount on notes in the foreign market of R$ </span><ix:nonFraction contextRef="I20241231_NotesInForeignMarketMember" name="ugp:NegativeGoodwillOfNotesInForeignMarket" unitRef="BRL" id="Tag450" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,246</ix:nonFraction><span style="width: 97%;"> (R$ </span><ix:nonFraction contextRef="I20231231_NotesInForeignMarketMember" name="ugp:NegativeGoodwillOfNotesInForeignMarket" unitRef="BRL" id="Tag5402" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,107</ix:nonFraction><span style="width: 97%;"> as of December 31, 2023 and R$ </span><ix:nonFraction contextRef="I20221231_NotesInForeignMarketMember" name="ugp:NegativeGoodwillOfNotesInForeignMarket" unitRef="BRL" id="Tag3828" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,968</ix:nonFraction><span style="width: 97%;"> as of December 31, 2022).</span></ix:footnote></span></td> </tr> </tbody> </table> </div> </ix:nonNumeric>
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<div>
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml" style="line-height: 1.2;">
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<p style="margin:0pt"><br/></p>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
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<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-79</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div>
<div xmlns="http://www.w3.org/1999/xhtml" style="line-height: 1.2;">
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<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
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<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div> </div> </ix:exclude> </div> </div> </div>
<div style="line-height: 1.2;">
<div style="border-left: none; border-right: none;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><br/></span></p>
<ix:nonNumeric contextRef="D20241231" name="ugp:SummaryOfSensitivityAnalysisOfAssetsAndLiabilitiesInForeignCurrencyTableTextBlock" id="Tag171" escape="true">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Sensitivity analysis with devaluation of the Real and interest rate increase</span></p>
<p style="margin: 0pt;"><br/></p>
<div style="border-left: none; border-right: none;">
<div id="t_ft_KMRC139T8G00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 42px; text-indent: 0px;" width="100%">
<tbody>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Exchange rate - Real devaluation </span><span style="font-weight: bold; vertical-align: super; line-height: inherit;">(i)</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-weight: bold; line-height: inherit; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Interest rate increase </span><span style="font-weight: bold; vertical-align: super; line-height: inherit;">(ii)</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 67%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Effect on profit or loss </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 15%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_CurrencyRiskMember" name="ugp:IncomeStatementEffectDecrease" unitRef="BRL" id="Tag472" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">28,637</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 15%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_InterestRateRiskMember" name="ugp:IncomeStatementEffectDecrease" unitRef="BRL" id="Tag5805" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">260,723</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_CurrencyRiskMember" name="ugp:IncomeStatementEffectDecreaseShareHoldersEquityIncreaseNetEffect" unitRef="BRL" id="Tag824" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">28,637</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_InterestRateRiskMember" name="ugp:IncomeStatementEffectDecreaseShareHoldersEquityIncreaseNetEffect" unitRef="BRL" id="Tag1844" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">260,723</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; orphans: 0; widows: 0;"><br/></p>
<div style="border-left: none; border-right: none;">
<table style="width: 100%; margin-left: 0.1px; height: 32px; font-family: 'times new roman'; font-size: 10pt;">
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<td style="width: 3%; height: 16px; vertical-align: top;" valign="top"><sub><span style="vertical-align: super; line-height: inherit;">(i)</span> </sub></td>
<td style="width: 97%; height: 16px; vertical-align: top; text-align: justify;" valign="top">
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span><ix:footnote xml:lang="en-US" id="footnote88" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> The average U.S. dollar rate of R$ <ix:nonFraction contextRef="D20241231_BrazilianRealPerUSDollarMember" name="ifrs-full:AverageForeignExchangeRate" unitRef="BRLPerShare" id="Tag1289" decimals="4" format="ixt:num-dot-decimal">6.4226</ix:nonFraction> was used for the sensitivity analysis, based on future market curves as of December 31, 2024 on the net position of the Company exposed to the currency risk, simulating the effects of devaluation of the Real on profit or loss. The closing rate considered was R$ <ix:nonFraction contextRef="I20241231_BrazilianRealPerUSDollarMember" name="ifrs-full:ClosingForeignExchangeRate" unitRef="BRLPerShare" id="Tag1760" decimals="4" format="ixt:num-dot-decimal">6.1923</ix:nonFraction>. The table above shows the effects of the exchange rate changes on the net liability position of R$ <ix:nonFraction contextRef="I20241231" name="ugp:NetAssetLiabilityPositionTotal" unitRef="BRL" id="Tag5413" decimals="-3" scale="3" format="ixt:num-dot-decimal">617,478</ix:nonFraction> (or US$ <ix:nonFraction contextRef="I20241231" name="ugp:NetAssetLiabilityPositionTotal" unitRef="USD" id="Tag3809" decimals="-3" scale="3" format="ixt:num-dot-decimal">99,716</ix:nonFraction> using the closing rate) in foreign currency as of December 31, 2024. </span></ix:footnote></span></p> </td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(ii)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote36" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span><span style="border-right: none; border-left: none;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">For the probable scenario presented, the Company used as a base scenario the market curves affected by the Interbank Deposit (DI) rate and the Long-Term Interest Rate (TJLP). The sensitivity analysis shows the incremental expenses and income that would be recognized in financial result, if the market curves of floating interest at the base date were applied to the average balances of the current year. The annual base rate used was </span></span><ix:nonFraction contextRef="I20241231_DiMember" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag493" decimals="4" scale="-2" format="ixt:num-dot-decimal">10.88</ix:nonFraction><span style="border-right: none; border-left: none;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">% and the sensitivity rate was <ix:nonFraction contextRef="I20241231_ScenarioMember_DiMember" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag1351" decimals="4" scale="-2" format="ixt:num-dot-decimal">14.77</ix:nonFraction></span></span><span style="border-right: none; border-left: none;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">% according to reference rates made available by B3</span></span><span style="border-right: none; border-left: none;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">.</span></span></span></ix:footnote></span></td> </tr> </tbody> </table> </div> </div> </ix:nonNumeric>
<div style="border-left: none; border-right: none;"><br/></div> </div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Market risk - commodity prices</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries are exposed to commodity price risk, mainly in relation to diesel and gasoline, affected by macroeconomic and geopolitical factors.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The foreign exchange derivative instruments and commodities designated as fair value hedge are concentrated in subsidiary Ipiranga. The objective is to convert the cost of the imported product from fixed to variable until fuel blending, aligning it to the sales price. Ipiranga&#160;uses over-the-counter derivatives for this hedge operation, aligning them with the value of the inventories of imported product.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">To mitigate this risk, the Company continuously monitors the market and uses hedge operations with derivative contracts, traded on the stock exchange and the over-the-counter market.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
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<table cellspacing="0" cellpadding="0" style="height: 42px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Derivative </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Fair value (R$ thousand) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Possible scenario (&#8710; of <span>10</span>% - R$ thousand) </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 20%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 20%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 22%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 15%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 19%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Commodity forward </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_CommodityPriceRiskMember" name="ugp:FinancialDerivativeHedgingInstrumentsAtFairValue" unitRef="BRL" id="Tag1898" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7,707</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_CommodityPriceRiskMember" name="ugp:FinancialDerivativeHedgingInstrumentsAtFairValue" unitRef="BRL" id="Tag1314" decimals="-3" scale="3" format="ixt:num-dot-decimal">20,702</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_CommodityPriceRiskMember_ScenarioMember" name="ugp:FinancialDerivativeHedgingInstrumentsAtFairValue" unitRef="BRL" id="Tag3782" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">12,430</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_CommodityPriceRiskMember_ScenarioMember" name="ugp:FinancialDerivativeHedgingInstrumentsAtFairValue" unitRef="BRL" id="Tag1864" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,663</ix:nonFraction> </span></p> </td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">(*) The table above shows the positions of derivative financial instruments to hedge commodity price risk as of December 31, 2024 and <span>2023</span>, in addition to a sensitivity analysis considering a valuation of <ix:nonFraction contextRef="I20231231" name="ugp:PercentageOfReasonablyPossibleIncreaseDecreaseInUnobservableInputLiabilities" unitRef="Pure" id="Tag5929" decimals="2" scale="-2" format="ixt:num-dot-decimal"><ix:nonFraction contextRef="I20241231" name="ugp:PercentageOfReasonablyPossibleIncreaseDecreaseInUnobservableInputLiabilities" unitRef="Pure" id="Tag5743" decimals="2" scale="-2" format="ixt:num-dot-decimal">10</ix:nonFraction></ix:nonFraction>% of the closing price for each year. For further information, see Note <span>25</span>.f.</span></p> </ix:nonNumeric>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">c. Credit risk</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Credit risk is related to the possibility of non-compliance with a commitment by a counterparty in a transaction. Credit risk is managed strategically and arises from cash equivalents, financial investments, derivative financial instruments and trade receivables, among others.</span></p>
<div>
<ix:exclude>
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<p style="margin:0pt"><br/></p>
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<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>F-80</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
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<tbody>
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<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important; line-height: inherit;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div> </ix:exclude> </div>
<div><span style="font-size: 13.3333px; font-weight: bold; float: none; line-height: inherit; display: inline !important;"><br/></span></div>
<div><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">c.</span><span style="font-size: 10pt;"><span>1</span><span style="font-size: 13.3333px; font-weight: bold; float: none; line-height: inherit; display: inline !important;"> Financial institutions and government</span></span></span></div> </div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><br/></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The credit risk of financial institutions and governments related to cash and cash equivalents, financial ivestments and derivative financial instruments as of December 31, 2024, by counterparty rating, is summarized below: </span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
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<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 106px; width: 100%;" width="100%">
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Fair value </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Counterparty credit rating </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 78%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> AAA </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_AAAMember" name="ugp:CashCashEquivalentsAndFinancialInvestments" unitRef="BRL" id="Tag142" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,557,385</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_AAAMember" name="ugp:CashCashEquivalentsAndFinancialInvestments" unitRef="BRL" id="Tag3846" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,714,493</ix:nonFraction> </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> AA </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_AAMember" name="ugp:CashCashEquivalentsAndFinancialInvestments" unitRef="BRL" id="Tag1777" decimals="-3" scale="3" format="ixt:num-dot-decimal">285,520</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_AAMember" name="ugp:CashCashEquivalentsAndFinancialInvestments" unitRef="BRL" id="Tag5766" decimals="-3" scale="3" format="ixt:num-dot-decimal">408,375</ix:nonFraction> </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> A </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_AMember" name="ugp:CashCashEquivalentsAndFinancialInvestments" unitRef="BRL" id="Tag4294" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,668</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_AMember" name="ugp:CashCashEquivalentsAndFinancialInvestments" unitRef="BRL" id="Tag3796" decimals="-3" scale="3" format="ixt:num-dot-decimal">464</ix:nonFraction> </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Others<span style="font-size: 8pt;"><sup> <span style="vertical-align: super; line-height: inherit;">(*)</span></sup></span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_OtherExternalCreditGradesMember" name="ugp:CashCashEquivalentsAndFinancialInvestments" unitRef="BRL" id="Tag1871" decimals="-3" scale="3" format="ixt:num-dot-decimal">185,111</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_OtherExternalCreditGradesMember" name="ugp:CashCashEquivalentsAndFinancialInvestments" unitRef="BRL" id="Tag829" decimals="-3" scale="3" format="ixt:num-dot-decimal">47,231</ix:nonFraction> </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:CashCashEquivalentsAndFinancialInvestments" unitRef="BRL" id="Tag5796" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,031,684</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:CashCashEquivalentsAndFinancialInvestments" unitRef="BRL" id="Tag5412" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,170,563</ix:nonFraction> </span></p> </td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (*) </span><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><sup><sup><sup><sup> </sup></sup></sup></sup><span><ix:footnote xml:lang="en-US" id="footnote62" footnoteRole="http://www.xbrl.org/2003/role/footnote">Refers substantially to investments as minority interest, which are classified as long-term investments.</ix:footnote></span></span></p> </ix:nonNumeric>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">c.<span>2</span> Trade receivables</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Credit granting is managed in subsidiaries based on policies and criteria specific to each business segment. The process includes credit analysis, the establishment of limits and required guarantees, with approval at predefined approval levels.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The subsidiaries manage credit throughout the customer&#8217;s life cycle, with specific processes for monitoring credit risk and renegotiating or executing credit, as applicable.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For further information on the allowance for expected credit losses, see Note <span>5</span>.b.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">d. Liquidity risk</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Liquidity risk is the possibility of the Company facing difficulties to comply with its financial obligations, which must be settled with payments or other financial assets. </span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The main sources of liquidity of the Company and its subsidiaries arise from:</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt 0pt 0pt 58pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: -38pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">(i)&#160; cash and financial investments; </span></p>
<p style="margin: 0pt 0pt 0pt 54pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -36pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">(ii)&#160; cash flow generated by its operations; and </span></p>
<p style="margin: 0pt 0pt 0pt 54pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -36pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">(iii) loans. </span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries have sufficient working capital and sources of financing to meet their current needs. As of December 31, 2024, the Company and its subsidiaries had R$ <ix:nonFraction contextRef="I20241231" name="ugp:CashCashEquivalentsAndShortTermFinancialInvestments" unitRef="BRL" id="Tag1286" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,624,604</ix:nonFraction> in cash, cash equivalents, and short-term financial investments (for quantitative information, see Note <span>4</span>).</span></p>
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml">
<div id="t_ft_NHZ0POX5M800000000000000000000b">
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>F-81</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
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<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important; line-height: inherit;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div> </ix:exclude> </div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:MaturityAnalysisForDerivativeFinancialLiabilities" id="Tag206" escape="true">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below presents a summary of financial liabilities and leases payable as of December 31, 2024 by the Company and its subsidiaries, listed by maturity. The amounts presented are the contractual undiscounted cash flows, and may differ from the amounts disclosed in the statement of financial position:</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_ZE5UKB8S8000000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 142px; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 50.9419%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 8.02621%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Less than <span>1</span> year </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 1.48368%;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.982801%;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 8.02621%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Between <span>1</span> and <span>3</span> years </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.982801%;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.982801%;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 8.02621%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Between <span>3</span> and <span>5</span> years </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1.47493%;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.982801%;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 8.02621%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> More than <span>5</span> years </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1.48368%;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.982801%;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 8.02621%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; width: 50.9419%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Loans including future contractual interest <span style="font-size: 8pt; line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(<span>1</span>) (<span>2</span>)</span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; width: 8.02621%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_NotLaterThanOneYearMember_3" name="ugp:LoansIncludingFutureContractualInterestUndiscountedCashFlows" unitRef="BRL" id="Tag84" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,087,776</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; width: 1.48368%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 0.982801%; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; width: 8.02621%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanOneYearAndNotLaterThanThreeYearsMember" name="ugp:LoansIncludingFutureContractualInterestUndiscountedCashFlows" unitRef="BRL" id="Tag1392" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,071,329</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 0.982801%; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 0.982801%; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; width: 8.02621%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" name="ugp:LoansIncludingFutureContractualInterestUndiscountedCashFlows" unitRef="BRL" id="Tag1763" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,646,153</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1.47493%; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 0.982801%; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; width: 8.02621%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanFiveYearsMember_1" name="ugp:LoansIncludingFutureContractualInterestUndiscountedCashFlows" unitRef="BRL" id="Tag1691" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,503,918</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1.48368%; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 0.982801%; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; width: 8.02621%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:LoansIncludingFutureContractualInterestUndiscountedCashFlows" unitRef="BRL" id="Tag3774" decimals="-3" scale="3" format="ixt:num-dot-decimal">16,309,176</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 0.982801%; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 50.9419%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Derivative instruments <span style="font-size: 8pt; line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(<span>3</span>)</span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_NotLaterThanOneYearMember_3" name="ifrs-full:DerivativeFinancialLiabilitiesUndiscountedCashFlows" unitRef="BRL" id="Tag1279" decimals="-3" scale="3" format="ixt:num-dot-decimal">392,381</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanOneYearAndNotLaterThanThreeYearsMember" name="ifrs-full:DerivativeFinancialLiabilitiesUndiscountedCashFlows" unitRef="BRL" id="Tag3800" decimals="-3" scale="3" format="ixt:num-dot-decimal">933,913</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" name="ifrs-full:DerivativeFinancialLiabilitiesUndiscountedCashFlows" unitRef="BRL" id="Tag4311" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,082,726</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 1.47493%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_LaterThanFiveYearsMember_1" name="ifrs-full:DerivativeFinancialLiabilitiesUndiscountedCashFlows" unitRef="BRL" id="Tag5767" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">779,771</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 1.48368%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231" name="ifrs-full:DerivativeFinancialLiabilitiesUndiscountedCashFlows" unitRef="BRL" id="Tag1842" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">536,203</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 0.982801%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 50.9419%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade payables </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_NotLaterThanOneYearMember_3" name="ifrs-full:TradeAndOtherPayablesUndiscountedCashFlows" unitRef="BRL" id="Tag1712" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,518,385</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanOneYearAndNotLaterThanThreeYearsMember" name="ifrs-full:TradeAndOtherPayablesUndiscountedCashFlows" unitRef="BRL" id="Tag63" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" name="ifrs-full:TradeAndOtherPayablesUndiscountedCashFlows" unitRef="BRL" id="Tag611" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanFiveYearsMember_1" name="ifrs-full:TradeAndOtherPayablesUndiscountedCashFlows" unitRef="BRL" id="Tag1814" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:TradeAndOtherPayablesUndiscountedCashFlows" unitRef="BRL" id="Tag81" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,518,385</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 50.9419%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade payables - reverse factoring </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_NotLaterThanOneYearMember_3" name="ugp:TradePayablesReverseFactoringUndiscountedCashFlows" unitRef="BRL" id="Tag5749" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,014,504</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanOneYearAndNotLaterThanThreeYearsMember" name="ugp:TradePayablesReverseFactoringUndiscountedCashFlows" unitRef="BRL" id="Tag5778" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" name="ugp:TradePayablesReverseFactoringUndiscountedCashFlows" unitRef="BRL" id="Tag1233" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanFiveYearsMember_1" name="ugp:TradePayablesReverseFactoringUndiscountedCashFlows" unitRef="BRL" id="Tag489" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:TradePayablesReverseFactoringUndiscountedCashFlows" unitRef="BRL" id="Tag608" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,014,504</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 50.9419%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leases payable </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_NotLaterThanOneYearMember_3" name="ifrs-full:GrossLeaseLiabilities" unitRef="BRL" id="Tag112" decimals="-3" scale="3" format="ixt:num-dot-decimal">355,336</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanOneYearAndNotLaterThanThreeYearsMember" name="ifrs-full:GrossLeaseLiabilities" unitRef="BRL" id="Tag1779" decimals="-3" scale="3" format="ixt:num-dot-decimal">523,929</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" name="ifrs-full:GrossLeaseLiabilities" unitRef="BRL" id="Tag94" decimals="-3" scale="3" format="ixt:num-dot-decimal">346,561</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanFiveYearsMember_1" name="ifrs-full:GrossLeaseLiabilities" unitRef="BRL" id="Tag401" decimals="-3" scale="3" format="ixt:num-dot-decimal">891,997</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:GrossLeaseLiabilities" unitRef="BRL" id="Tag652" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,117,823</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 50.9419%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financial liabilities of customers </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_NotLaterThanOneYearMember_3" name="ugp:FinancialLiabilitiesOfCustomersUndiscountedCashFlows" unitRef="BRL" id="Tag1799" decimals="-3" scale="3" format="ixt:num-dot-decimal">30,257</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanOneYearAndNotLaterThanThreeYearsMember" name="ugp:FinancialLiabilitiesOfCustomersUndiscountedCashFlows" unitRef="BRL" id="Tag310" decimals="-3" scale="3" format="ixt:num-dot-decimal">170,158</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" name="ugp:FinancialLiabilitiesOfCustomersUndiscountedCashFlows" unitRef="BRL" id="Tag666" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanFiveYearsMember_1" name="ugp:FinancialLiabilitiesOfCustomersUndiscountedCashFlows" unitRef="BRL" id="Tag1609" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:FinancialLiabilitiesOfCustomersUndiscountedCashFlows" unitRef="BRL" id="Tag3803" decimals="-3" scale="3" format="ixt:num-dot-decimal">200,415</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 50.9419%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Contingent consideration </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_NotLaterThanOneYearMember_3" name="ifrs-full:ContingentConsiderationRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1201" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanOneYearAndNotLaterThanThreeYearsMember" name="ifrs-full:ContingentConsiderationRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1347" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" name="ifrs-full:ContingentConsiderationRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag4255" decimals="-3" scale="3" format="ixt:num-dot-decimal">42,186</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanFiveYearsMember_1" name="ifrs-full:ContingentConsiderationRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag4331" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:ContingentConsiderationRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag4246" decimals="-3" scale="3" format="ixt:num-dot-decimal">42,186</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 50.9419%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other payables </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_NotLaterThanOneYearMember_3" name="ugp:OtherPayablesUndiscountedCashFlows" unitRef="BRL" id="Tag633" decimals="-3" scale="3" format="ixt:num-dot-decimal">159,930</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanOneYearAndNotLaterThanThreeYearsMember" name="ugp:OtherPayablesUndiscountedCashFlows" unitRef="BRL" id="Tag1329" decimals="-3" scale="3" format="ixt:num-dot-decimal">17,990</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" name="ugp:OtherPayablesUndiscountedCashFlows" unitRef="BRL" id="Tag1803" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanFiveYearsMember_1" name="ugp:OtherPayablesUndiscountedCashFlows" unitRef="BRL" id="Tag5745" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:OtherPayablesUndiscountedCashFlows" unitRef="BRL" id="Tag4293" decimals="-3" scale="3" format="ixt:num-dot-decimal">177,920</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 50.9419%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_NotLaterThanOneYearMember_3" name="ugp:FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows" unitRef="BRL" id="Tag1900" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,558,569</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanOneYearAndNotLaterThanThreeYearsMember" name="ugp:FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows" unitRef="BRL" id="Tag653" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,717,319</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" name="ugp:FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows" unitRef="BRL" id="Tag5762" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,952,174</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_LaterThanFiveYearsMember_1" name="ugp:FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows" unitRef="BRL" id="Tag3860" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,616,144</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows" unitRef="BRL" id="Tag5755" decimals="-3" scale="3" format="ixt:num-dot-decimal">22,844,206</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><br/></p>
<div id="t_ft_TK91T2F0E800000000000000000000b">
<table style="width: 100%; margin-left: 0.1px; height: 42px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr style="height: 10px;">
<td style="width: 3%; height: 10px; vertical-align: top;" valign="top">(<span>1</span>)</td>
<td style="width: 97%; height: 10px; vertical-align: top; text-align: justify;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote34" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">The interest on loans was estimated based on the US dollar futures contracts, Yen futures contracts, Euro futures contracts and on the future yield curves of the DI x fixed rate and DI x IPCA contracts, quoted on B</span><span>3</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"> as of December 31, 2024.</span></ix:footnote></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top">(<span>2</span>)</td>
<td style="height: 16px; vertical-align: top;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote33" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Includes estimated interest on short-term and long-term loans until the contractually foreseen payment date.</span></ix:footnote></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top">(<span>3</span>)</td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote37" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">The derivative instruments were estimated based on the US dollar futures contracts and the future curves of the DI x fixed rate and DI x IPCA contracts, quoted on B</span><span>3</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"> as of December 31, 2024. In the table above, only the derivative instruments with negative results at the time of settlement were considered.</span></ix:footnote></span></td> </tr> </tbody> </table> </div> </ix:nonNumeric>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">e. Capital management</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company manages and optimizes its capital structure based on indicators to ensure business continuity while maximizing return to its shareholders. </span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Capital structure is comprised of net debt (loans and financing, including debentures, according to Note <span>15</span> and leases payable according to Note <span>12</span>.b, after deduction of cash, cash equivalents and financial investments, according to Note <span>4</span>), and equity. </span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company may change its capital structure according to economic and financial conditions. Moreover, the Company also seeks to improve its return on invested capital by implementing efficient working capital management and a selective investment program.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Annually, the Company and its subsidiaries revise their capital structure, evaluating the cost of capital and the risks associated with each class of capital including the leverage ratio analysis, which is determined as the ratio between net debt and equity.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory" id="Tag170" escape="true">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The leverage ratio at the end of the period is as follows:</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_DCQY2K1BFK00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="height: 84px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 75.6757%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 0.982801%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 10.0737%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 0.982801%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 10.0737%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 0.982801%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 75.6757%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Gross debt (a) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 0.982801%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 10.0737%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:LoansFinancingAndLeasesPayable" unitRef="BRL" id="Tag616" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,787,262</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 10.0737%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:LoansFinancingAndLeasesPayable" unitRef="BRL" id="Tag4254" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,291,951</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 0.982801%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 75.6757%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash, cash equivalents, and short-term investments (b) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 0.982801%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 10.0737%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:CashAndCashEquivalentsFinancialInvestmentsAndDerivativeHedgeFinancialInstruments" unitRef="BRL" id="Tag1687" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,031,684</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 0.982801%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 10.0737%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:CashAndCashEquivalentsFinancialInvestmentsAndDerivativeHedgeFinancialInstruments" unitRef="BRL" id="Tag1257" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,170,563</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 75.6757%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Net debt = (a) - (b) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 0.982801%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 10.0737%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:NetDebt" unitRef="BRL" id="Tag3773" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,755,578</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 10.0737%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:NetDebt" unitRef="BRL" id="Tag1769" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,121,388</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 75.6757%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Equity </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 0.982801%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10.0737%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:Equity" unitRef="BRL" id="Tag4298" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,823,444</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 0.982801%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10.0737%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:Equity" unitRef="BRL" id="Tag110" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,029,826</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 75.6757%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Net debt-to-equity ratio </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 0.982801%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 10.0737%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ugp:PercentageOfNetDebtToEquityRatio" unitRef="Pure" id="Tag4257" decimals="4" scale="-2" format="ixt:num-dot-decimal">49.01</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 10.0737%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20231231" name="ugp:PercentageOfNetDebtToEquityRatio" unitRef="Pure" id="Tag640" decimals="4" scale="-2" format="ixt:num-dot-decimal">43.63</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 0.982801%;"><br/></td> </tr> </tbody> </table> </div> </ix:nonNumeric>
<div>
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml">
<div id="t_ft_HTDZUOYHSG00000000000000000000b">
<p style="margin:0pt"><br/></p>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>F-82</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
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<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important; line-height: inherit;">Notes to the financial statements</span></td>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div> </ix:exclude> </div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br/></span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">f. Selection and use of derivative financial instruments</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In selecting derivative instruments, the Company considers the estimated rates of return, risks, liquidity, calculation methodology for the carrying and fair values, and the applicable documentation.</span></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Derivative financial instruments are used to hedge identified risks, at amounts that do not exceed <ix:nonFraction contextRef="D20241231" name="ugp:MaximumPercentageOfIdentifiedRiskToCoverByDerivativeFinancialInstruments" unitRef="Pure" id="Tag1752" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% of the identified risk. Derivatives are referred to as "derivative instruments" to reflect their restricted function of hedging identified risks. </span></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below summarizes the gross balance of the position of derivative instruments contracted as well as of the gains (losses) that affect the equity and the statement of income of the Company and its subsidiaries:</span></p> </div>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Derivatives designated as hedge accounting </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Product </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Contracted rates </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> Maturity </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Notional amount </span><span style="font-weight: bold; vertical-align: super; line-height: inherit;">(<span>2</span>)</span></span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Fair value as of 12/31/2024 </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Gains (losses) as of 12/31/2024 </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Assets </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Liabilities </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Liabilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Profit or loss </span></p> </td>
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<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Fair value adjustment of debt - R$ </span></p> </td>
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<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 21%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Foreign exchange swapp</span><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> <span style="font-size: 8pt; line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></span></p> </td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ugp:AssetsInterestRateBasis" id="Tag1851" escape="false">USD + 3.28%</ix:nonNumeric> </span></p> </td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag237" escape="false">105.7% of DI</ix:nonNumeric> </span></p> </td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:BorrowingsMaturity" id="Tag267" escape="false">Sept/25</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 10%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD <ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:NotionalAmount" unitRef="USD" id="Tag118" decimals="-3" scale="3" format="ixt:num-dot-decimal">206,067</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 10%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag126" decimals="-3" scale="3" format="ixt:num-dot-decimal">76,649</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag1882" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,808</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag1827" decimals="-3" scale="3" format="ixt:num-dot-decimal">171,493</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag1244" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,647</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Foreign exchange swap <span style="vertical-align: super; line-height: inherit; font-size: 8pt;">(<span>1</span>)</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapOneMember" name="ugp:AssetsInterestRateBasis" id="Tag1229" escape="false">EUR + 5.16%</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapOneMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag5812" escape="false">109.2% of DI</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapOneMember" name="ifrs-full:BorrowingsMaturity" id="Tag4299" escape="false">Mar/25</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> EUR <ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapOneMember" name="ifrs-full:NotionalAmount" unitRef="EUR" id="Tag830" decimals="-3" scale="3" format="ixt:num-dot-decimal">115,518</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapOneMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag439" decimals="-3" scale="3" format="ixt:num-dot-decimal">76,123</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapOneMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag1275" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapOneMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag216" decimals="-3" scale="3" format="ixt:num-dot-decimal">84,875</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapOneMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag605" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,742</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Foreign exchange swap <span style="font-size: 8pt; line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapTwoMember" name="ugp:AssetsInterestRateBasis" id="Tag457" escape="false">JPY + 1.50%</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapTwoMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag4314" escape="false">109.4% of DI</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapTwoMember" name="ifrs-full:BorrowingsMaturity" id="Tag1700" escape="false">Mar/25</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> JPY <ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapTwoMember" name="ifrs-full:NotionalAmount" unitRef="JPY" id="Tag1608" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,564,393</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapTwoMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag252" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapTwoMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag124" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">45,826</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapTwoMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag5828" decimals="-3" scale="3" format="ixt:num-dot-decimal">47,567</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapTwoMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag1820" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,294</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Foreign exchange swap <span style="vertical-align: super; line-height: inherit; font-size: 8pt;">(<span>1</span>)</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapThreeMember" name="ugp:AssetsInterestRateBasis" id="Tag5753" escape="false">SOFR + 1.29%</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapThreeMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag3799" escape="false">112.5% of DI</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapThreeMember" name="ifrs-full:BorrowingsMaturity" id="Tag4244" escape="false">Sept/25</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD <ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapThreeMember" name="ifrs-full:NotionalAmount" unitRef="USD" id="Tag133" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,535</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapThreeMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag5795" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,114</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapThreeMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag1845" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapThreeMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag5757" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,566</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapThreeMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag5801" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">30</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Interest rate swap<sup> <span style="line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></sup></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ugp:AssetsInterestRateBasis" id="Tag1757" escape="false">IPCA + 5.13%</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag394" escape="false">104.5% of DI</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:BorrowingsMaturity" id="Tag1312" escape="false">Jun/32</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> BRL <ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag1391" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,660,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag98" decimals="-3" scale="3" format="ixt:num-dot-decimal">189,156</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag93" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag5407" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">345,529</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag1610" decimals="-3" scale="3" format="ixt:num-dot-decimal">355,746</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Interest rate swap <span style="font-size: 8pt; line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractOneMember" name="ugp:AssetsInterestRateBasis" id="Tag4320" escape="false">IPCA + 2.83%</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractOneMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag74" escape="false">69.5% of DI</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractOneMember" name="ifrs-full:BorrowingsMaturity" id="Tag461" escape="false">Nov/41</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> BRL <ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractOneMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag129" decimals="-3" scale="3" format="ixt:num-dot-decimal">151,465</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractOneMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag675" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractOneMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag417" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,321</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractOneMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag3779" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,321</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractOneMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag3781" decimals="-3" scale="3" format="ixt:num-dot-decimal">37,511</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Interest rate swap <span style="vertical-align: super; line-height: inherit; font-size: 8pt;">(<span>1</span>)</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractTwoMember" name="ugp:AssetsInterestRateBasis" id="Tag478" escape="false">11.17%</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractTwoMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag386" escape="false">104.3% of DI</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractTwoMember" name="ifrs-full:BorrowingsMaturity" id="Tag3865" escape="false">Jul/27</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> BRL <ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractTwoMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag638" decimals="-3" scale="3" format="ixt:num-dot-decimal">525,791</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractTwoMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag5752" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractTwoMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag1196" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">53,638</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractTwoMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag4307" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">67,786</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractTwoMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag4249" decimals="-3" scale="3" format="ixt:num-dot-decimal">62,628</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Commodity forward<sup> <span style="line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></sup></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ugp:AssetsInterestRateBasis" id="Tag1367" escape="false">USD</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag3847" escape="false">Heating Oil/ RBOB</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ifrs-full:BorrowingsMaturity" id="Tag67" escape="false">Jan/25</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD <ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ifrs-full:NotionalAmount" unitRef="USD" id="Tag1694" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,753</ix:nonFraction> </span></p> </td>
<td style="height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag1742" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,104</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag661" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">11,869</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag853" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">25,309</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag5794" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">NDF <span style="font-size: 8pt; line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_NdfMember" name="ugp:AssetsInterestRateBasis" id="Tag1825" escape="false">USD</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_NdfMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag1240" escape="false">USD</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:BorrowingsMaturity" id="Tag1603" escape="false">Feb/25</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD <ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:NotionalAmount" unitRef="USD" id="Tag5811" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,853</ix:nonFraction> </span></p> </td>
<td style="height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag1369" decimals="-3" scale="3" format="ixt:num-dot-decimal">729</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag146" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,022</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag89" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">34,336</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag5800" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total - designated </span></p> </td>
<td style="height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag135" decimals="-3" scale="3" format="ixt:num-dot-decimal">347,875</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_DerivativesDesignatedAsHedgeAccountingMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag474" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">124,484</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag1212" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">169,780</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DerivativesDesignatedAsHedgeAccountingMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag1222" decimals="-3" scale="3" format="ixt:num-dot-decimal">465,054</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td colspan="4" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Derivatives not designated as hedge accounting </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign exchange swap </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesNotDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ugp:AssetsInterestRateBasis" id="Tag1796" escape="false">USD + 0.00%</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesNotDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag254" escape="false">52.5% of CDI</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesNotDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:BorrowingsMaturity" id="Tag101" escape="false">Jun/29</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD <ix:nonFraction contextRef="I20241231_DerivativesNotDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:NotionalAmount" unitRef="USD" id="Tag79" decimals="-3" scale="3" format="ixt:num-dot-decimal">300,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DerivativesNotDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag1267" decimals="-3" scale="3" format="ixt:num-dot-decimal">465,032</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DerivativesNotDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag660" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DerivativesNotDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag676" decimals="-3" scale="3" format="ixt:num-dot-decimal">268,734</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DerivativesNotDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag617" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> NDF </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesNotDesignatedAsHedgeAccountingMember_NdfMember" name="ugp:AssetsInterestRateBasis" id="Tag5789" escape="false">USD</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesNotDesignatedAsHedgeAccountingMember_NdfMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag823" escape="false">BRL</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesNotDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:BorrowingsMaturity" id="Tag482" escape="false">Mar/25</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD <ix:nonFraction contextRef="I20241231_DerivativesNotDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:NotionalAmount" unitRef="USD" id="Tag4253" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,425</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DerivativesNotDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag66" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,546</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_DerivativesNotDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag837" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,501</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DerivativesNotDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag1907" decimals="-3" scale="3" format="ixt:num-dot-decimal">42,241</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DerivativesNotDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag1693" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Commodity forward </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesNotDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ugp:AssetsInterestRateBasis" id="Tag3845" escape="false">BRL</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesNotDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag600" escape="false">Heating Oil/ RBOB</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesNotDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ifrs-full:BorrowingsMaturity" id="Tag1768" escape="false">Mar/25</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD <ix:nonFraction contextRef="I20241231_DerivativesNotDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ifrs-full:NotionalAmount" unitRef="USD" id="Tag428" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,422</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DerivativesNotDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag1293" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,926</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_DerivativesNotDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag1315" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,867</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DerivativesNotDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag429" decimals="-3" scale="3" format="ixt:num-dot-decimal">53,069</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DerivativesNotDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag61" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest rate swap </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesNotDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ugp:AssetsInterestRateBasis" id="Tag236" escape="false">USD + 5.25%</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesNotDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag1865" escape="false">CDI -1.4%</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_DerivativesNotDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:BorrowingsMaturity" id="Tag1333" escape="false">Jun/29</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD <span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><ix:nonFraction contextRef="I20241231_DerivativesNotDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag5788" decimals="-3" scale="3" format="ixt:num-dot-decimal">300,000</ix:nonFraction></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DerivativesNotDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag1216" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_DerivativesNotDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag1189" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">306,748</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20241231_DerivativesNotDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag5799" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">166,103</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20241231_DerivativesNotDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag630" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total - not designated </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_DerivativesNotDesignatedAsHedgeAccountingMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag618" decimals="-3" scale="3" format="ixt:num-dot-decimal">483,504</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231_DerivativesNotDesignatedAsHedgeAccountingMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag1237" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">317,116</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DerivativesNotDesignatedAsHedgeAccountingMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag437" decimals="-3" scale="3" format="ixt:num-dot-decimal">197,941</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DerivativesNotDesignatedAsHedgeAccountingMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag4301" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag72" decimals="-3" scale="3" format="ixt:num-dot-decimal">831,379</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (<ix:nonFraction contextRef="I20241231" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag75" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">441,600</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag5397" decimals="-3" scale="3" format="ixt:num-dot-decimal">28,161</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20241231" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag632" decimals="-3" scale="3" format="ixt:num-dot-decimal">465,054</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><br/></p>
<div id="t_ft_28XTPLCLS000000000000000000000b">
<table style="width: 100%; margin: 0px; text-indent: 0px; height: 20px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr style="height: 10px;">
<td style="width: 3%; padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: top;" valign="top"><sub><span style="vertical-align: super; line-height: inherit;">(<span style="line-height: inherit;"><span>1</span></span>)</span> </sub></td>
<td style="width: 97%; padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: top;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote32" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">Derivative financial instruments designated for fair value hedge accounting (see Note 25.g.1). </span></span></ix:footnote></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: top;" valign="top"><sub><span style="vertical-align: super; line-height: inherit;">(<span style="line-height: inherit;"><span>2</span></span>)</span> </sub></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: top;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote95" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Currency as indicated.</span></ix:footnote></span></td> </tr> </tbody> </table> </div>
<div>
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml">
<div id="t_ft_AYCU07YAF400000000000000000000b">
<p style="margin:0pt"><br/></p>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
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<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>F-83</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<div xmlns="http://www.w3.org/1999/xhtml" id="t_ft_Z4T40QFU4W00000000000000000000b">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important; line-height: inherit;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div> </ix:exclude> </div>
<p style="margin: 0pt; line-height: 1.2;"><br/></p>
<div id="t_ft_HP1RX7WUVK00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 16px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td colspan="4" style="padding: 0px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Derivatives designated as hedge accounting </span></p> </td>
<td colspan="20" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><br/></p> </td> </tr> </tbody> </table> <br/>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 276px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Product </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Contracted rates </span></p> </td>
<td colspan="4" style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Maturity</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Notional amount </span><sup><span style="font-weight: bold; vertical-align: super; line-height: inherit;">(<span>3</span>)</span></sup></span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Fair value as of 12/31/2023 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Gains (losses) as of 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 32px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 32px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Assets </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Liabilities </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Assets </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Liabilities </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Profit or loss </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Fair value adjustment of debt - R$ </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 20%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Foreign exchange swap <span style="font-size: 8pt; line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(<span>2</span>)</span></span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ugp:AssetsInterestRateBasis" id="Tag113" escape="false">USD + 0.00%</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag5772" escape="false">53.60% of DI</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 10%;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:BorrowingsMaturity" id="Tag1681" escape="false">Oct/26</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; border-top-color: #000000 !important; width: 10%;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD <ix:nonFraction contextRef="I20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:NotionalAmount" unitRef="USD" id="Tag5765" decimals="-3" scale="3" format="ixt:num-dot-decimal">234,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; border-top-color: #000000 !important; width: 8%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag1309" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; border-top-color: #000000 !important; width: 8%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag436" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">106,657</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; border-top-color: #000000 !important; width: 8%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag1303" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">145,949</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; border-top-color: #000000 !important; width: 8%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag5764" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td> </tr>
<tr style="height: 20px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Foreign exchange swap <span style="line-height: inherit; font-size: 8pt;"><span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapOneMember" name="ugp:AssetsInterestRateBasis" id="Tag420" escape="false">USD + 5.47%</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapOneMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag3772" escape="false">110.02% of DI</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapOneMember" name="ifrs-full:BorrowingsMaturity" id="Tag1833" escape="false">Sept/25</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD <ix:nonFraction contextRef="I20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapOneMember" name="ifrs-full:NotionalAmount" unitRef="USD" id="Tag73" decimals="-3" scale="3" format="ixt:num-dot-decimal">206,067</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapOneMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag1861" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapOneMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag1308" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">119,094</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapOneMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag1889" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">223,555</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapOneMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag669" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,768</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 20px;" valign="bottom">)</td> </tr>
<tr style="height: 20px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Foreign exchange swap <span style="font-size: 8pt; line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapTwoMember" name="ugp:AssetsInterestRateBasis" id="Tag3790" escape="false">EUR + 5.12%</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapTwoMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag217" escape="false">111.93% of DI</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapTwoMember" name="ifrs-full:BorrowingsMaturity" id="Tag1848" escape="false">Jan/24</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> EUR <ix:nonFraction contextRef="I20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapTwoMember" name="ifrs-full:NotionalAmount" unitRef="EUR" id="Tag5398" decimals="-3" scale="3" format="ixt:num-dot-decimal">22,480</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapTwoMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag132" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapTwoMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag620" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">22,529</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapTwoMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag1355" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">23,304</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapTwoMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag1227" decimals="-3" scale="3" format="ixt:num-dot-decimal">230</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 20px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Foreign exchange swap<sup> <span style="line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></sup></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapThreeMember" name="ugp:AssetsInterestRateBasis" id="Tag140" escape="false">JPY + 1.50%</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapThreeMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag5779" escape="false">109.40% of DI</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapThreeMember" name="ifrs-full:BorrowingsMaturity" id="Tag1800" escape="false">Mar/25</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> JPY <ix:nonFraction contextRef="I20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapThreeMember" name="ifrs-full:NotionalAmount" unitRef="JPY" id="Tag1704" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,564,393</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 19px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapThreeMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag657" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapThreeMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag1781" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">120,746</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapThreeMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag416" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">130,726</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapThreeMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag1794" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,775</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 19px;" valign="bottom">)</td> </tr>
<tr style="height: 20px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Interest rate swap<sup> <span style="line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></sup></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ugp:AssetsInterestRateBasis" id="Tag4300" escape="false">IPCA + 5.03%</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag1688" escape="false">102.87% of DI</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:BorrowingsMaturity" id="Tag1379" escape="false">Jun/32</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> BRL <ix:nonFraction contextRef="I20231231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag1705" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,226,054</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag5415" decimals="-3" scale="3" format="ixt:num-dot-decimal">598,311</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag4252" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag5912" decimals="-3" scale="3" format="ixt:num-dot-decimal">260,301</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag4315" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">313,641</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 20px; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 20px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Interest rate swap <span style="font-size: 8pt; line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractOneMember" name="ugp:AssetsInterestRateBasis" id="Tag4297" escape="false">10.48%</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractOneMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag5404" escape="false">103.64% of DI</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractOneMember" name="ifrs-full:BorrowingsMaturity" id="Tag62" escape="false">Jun/27</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> BRL <ix:nonFraction contextRef="I20231231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractOneMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag5399" decimals="-3" scale="3" format="ixt:num-dot-decimal">615,791</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractOneMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag637" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,515</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractOneMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag431" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,182</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractOneMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag4292" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,694</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractOneMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag614" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">10,163</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 20px;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Commodity forward<span style="font-size: 8pt; line-height: inherit;"> <span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ugp:AssetsInterestRateBasis" id="Tag5748" escape="false">BRL</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag627" escape="false">Heating Oil/ RBOB</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ifrs-full:BorrowingsMaturity" id="Tag1246" escape="false">Jan/24</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD <ix:nonFraction contextRef="I20231231_DerivativesDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ifrs-full:NotionalAmount" unitRef="USD" id="Tag636" decimals="-3" scale="3" format="ixt:num-dot-decimal">129,894</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_DerivativesDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag3804" decimals="-3" scale="3" format="ixt:num-dot-decimal">22,343</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_DerivativesDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag1699" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">854</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag1899" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">50,977</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag1855" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">NDF<span style="font-size: 8pt; line-height: inherit;"> <span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_NdfMember" name="ugp:AssetsInterestRateBasis" id="Tag1894" escape="false">BRL</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_NdfMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag1360" escape="false">USD</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:BorrowingsMaturity" id="Tag408" escape="false">Feb/24</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD <ix:nonFraction contextRef="I20231231_DerivativesDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:NotionalAmount" unitRef="USD" id="Tag5785" decimals="-3" scale="3" format="ixt:num-dot-decimal">211,179</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_DerivativesDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag4313" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,959</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_DerivativesDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag451" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">833</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag148" decimals="-3" scale="3" format="ixt:num-dot-decimal">19,012</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag3785" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total - designated </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> <ix:nonFraction contextRef="I20231231_DerivativesDesignatedAsHedgeAccountingMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag1291" decimals="-3" scale="3" format="ixt:num-dot-decimal">637,128</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"/>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (<ix:nonFraction contextRef="I20231231_DerivativesDesignatedAsHedgeAccountingMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag1682" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">373,895</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold; line-height: inherit;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (<ix:nonFraction contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag1328" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">284,504</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold; line-height: inherit;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (<ix:nonFraction contextRef="D20231231_DerivativesDesignatedAsHedgeAccountingMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag4310" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">332,117</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom"><span style="font-weight: bold; line-height: inherit;">)</span></td> </tr>
<tr style="height: 10px;">
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Derivatives not designated as hedge accounting </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="height: 10px; border-top-width: 2.8pt; border-top-style: double; vertical-align: bottom; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 2.8pt; border-top-style: double; vertical-align: bottom; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 2.8pt; border-top-style: double; vertical-align: bottom; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 2.8pt; border-top-style: double; vertical-align: bottom; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 2.8pt; border-top-style: double; vertical-align: bottom; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign exchange swap </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesNotDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ugp:AssetsInterestRateBasis" id="Tag5744" escape="false">0.00%</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesNotDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag500" escape="false">52.99% of CDI</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesNotDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:BorrowingsMaturity" id="Tag261" escape="false">Jun/29</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD <ix:nonFraction contextRef="I20231231_DerivativesNotDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:NotionalAmount" unitRef="USD" id="Tag649" decimals="-3" scale="3" format="ixt:num-dot-decimal">375,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_DerivativesNotDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag4248" decimals="-3" scale="3" format="ixt:num-dot-decimal">186,925</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_DerivativesNotDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag598" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">45,877</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_DerivativesNotDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag426" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">188,395</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_DerivativesNotDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag498" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> NDF </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesNotDesignatedAsHedgeAccountingMember_NdfMember" name="ugp:AssetsInterestRateBasis" id="Tag1245" escape="false">USD</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesNotDesignatedAsHedgeAccountingMember_NdfMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag447" escape="false">BRL</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesNotDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:BorrowingsMaturity" id="Tag256" escape="false">Mar/24</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD <ix:nonFraction contextRef="I20231231_DerivativesNotDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:NotionalAmount" unitRef="USD" id="Tag78" decimals="-3" scale="3" format="ixt:num-dot-decimal">457,099</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_DerivativesNotDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag143" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,468</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_DerivativesNotDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag1808" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">8,409</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20231231_DerivativesNotDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag5818" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">105,597</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_DerivativesNotDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag87" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Commodity forward </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_ForwardContractMember_DerivativesNotDesignatedAsHedgeAccountingMember" name="ugp:AssetsInterestRateBasis" id="Tag1754" escape="false">BRL</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_ForwardContractMember_DerivativesNotDesignatedAsHedgeAccountingMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag1354" escape="false">Heating Oil/ Marine Fuel/ Others</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_ForwardContractMember_DerivativesNotDesignatedAsHedgeAccountingMember" name="ifrs-full:BorrowingsMaturity" id="Tag1835" escape="false">Mar/24</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD <ix:nonFraction contextRef="I20231231_ForwardContractMember_DerivativesNotDesignatedAsHedgeAccountingMember" name="ifrs-full:NotionalAmount" unitRef="USD" id="Tag4321" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,127</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_ForwardContractMember_DerivativesNotDesignatedAsHedgeAccountingMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag607" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,524</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_ForwardContractMember_DerivativesNotDesignatedAsHedgeAccountingMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag854" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,310</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_ForwardContractMember_DerivativesNotDesignatedAsHedgeAccountingMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag1228" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,489</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_ForwardContractMember_DerivativesNotDesignatedAsHedgeAccountingMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag4302" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest rate swap </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesNotDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ugp:AssetsInterestRateBasis" id="Tag673" escape="false">5.25%</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesNotDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag1703" escape="false">1.36% of CDI</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20231231_DerivativesNotDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:BorrowingsMaturity" id="Tag827" escape="false">Jun/29</ix:nonNumeric> </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD <ix:nonFraction contextRef="I20231231_DerivativesNotDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag1320" decimals="-3" scale="3" format="ixt:num-dot-decimal">300,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20231231_DerivativesNotDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag1294" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20231231_DerivativesNotDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag91" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">196,243</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_DerivativesNotDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag1792" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,257</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20231231_DerivativesNotDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag1337" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total - not designated </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> <ix:nonFraction contextRef="I20231231_DerivativesNotDesignatedAsHedgeAccountingMember" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag1221" decimals="-3" scale="3" format="ixt:num-dot-decimal">189,917</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"/>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (<ix:nonFraction contextRef="I20231231_DerivativesNotDesignatedAsHedgeAccountingMember" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag5759" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">252,839</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold; line-height: inherit;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (<ix:nonFraction contextRef="D20231231_DerivativesNotDesignatedAsHedgeAccountingMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag504" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">279,246</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold; line-height: inherit;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> <ix:nonFraction contextRef="D20231231_DerivativesNotDesignatedAsHedgeAccountingMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag121" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom"/> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> <ix:nonFraction contextRef="I20231231" name="ifrs-full:HedgingInstrumentAssets" unitRef="BRL" id="Tag5781" decimals="-3" scale="3" format="ixt:num-dot-decimal">827,045</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"/>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (<ix:nonFraction contextRef="I20231231" name="ifrs-full:HedgingInstrumentLiabilities" unitRef="BRL" id="Tag5156" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">626,734</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold; line-height: inherit;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag1839" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">563,750</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold; line-height: inherit;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (<ix:nonFraction contextRef="D20231231_35" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag5817" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">332,117</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><span style="font-weight: bold; line-height: inherit;">)</span></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; orphans: 0; widows: 0;"><br/></p>
<div id="t_ft_TVFJDVIH9C00000000000000000000b">
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td style="width: 3%;">(<span>1</span>)</td>
<td style="width: 97%;"><span><ix:footnote xml:lang="en-US" id="footnote17" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">Derivative financial instruments designated for fair value hedge accounting (see Note </span><span style="line-height: inherit;"><span>25</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">.g.</span><span style="line-height: inherit;"><span>1</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">).</span></span></ix:footnote></span></td> </tr>
<tr>
<td style="width: 3%;">(<span>2</span>)</td>
<td style="width: 97%;"><span><ix:footnote xml:lang="en-US" id="footnote16" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">Derivative financial instruments designated for cash flow hedge accounting (see Note </span><span style="line-height: inherit;"><span>25</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">.g.</span><span style="line-height: inherit;"><span>2</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">).</span></span></ix:footnote></span></td> </tr>
<tr>
<td style="width: 3%;">(<span>3</span>)</td>
<td style="width: 97%;"><span><ix:footnote xml:lang="en-US" id="footnote94" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span style="border-right: none; border-left: none;">Currency as indicated.</span></span></ix:footnote></span></td> </tr> </tbody> </table> </div>
<div>
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml">
<div id="t_ft_8QWZ4XX79C00000000000000000000b">
<p style="margin:0pt"><br/></p>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>F-84</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
<div xmlns="http://www.w3.org/1999/xhtml" id="t_ft_QLQPOH1VO000000000000000000000b">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important; line-height: inherit;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div> </ix:exclude> </div>
<p style="margin: 0pt; line-height: 1.2;"><br/></p>
<div id="t_ft_AZFM60N3Z400000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 255px; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; text-decoration: underline; line-height: inherit; font-weight: bold;"> Derivatives designated as hedge accounting </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"/>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"/> </tr>
<tr style="height: 21px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> Product </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> Contracted rates </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> Maturity </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"><span style="line-height: inherit;">Notional amount </span><span style="vertical-align: super; line-height: inherit;">(<span>3</span>)</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> Gains (losses) as of 12/31/2022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;"/> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> Assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> Liabilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> 12/31/2022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> Profit or loss </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"/>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> Fair value adjustment of debt - R$ </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"/> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; width: 33%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign exchange swap </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ugp:AssetsInterestRateBasis" id="Tag1863" escape="false">USD + 4.95%</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag1832" escape="false">106.67% of DI</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:BorrowingsMaturity" id="Tag106" escape="false">Sept-25</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD <ix:nonFraction contextRef="I20221231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:NotionalAmount" unitRef="USD" id="Tag1213" decimals="-3" scale="3" format="ixt:num-dot-decimal">221,339</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag599" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">121,296</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag1336" decimals="-3" scale="3" format="ixt:num-dot-decimal">28,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign exchange swap </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapOneMember" name="ugp:AssetsInterestRateBasis" id="Tag1853" escape="false">EUR + 3.42%</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapOneMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag4196" escape="false">111.60% of DI</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapOneMember" name="ifrs-full:BorrowingsMaturity" id="Tag615" escape="false">Mar-23</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> EUR <ix:nonFraction contextRef="I20221231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapOneMember" name="ifrs-full:NotionalAmount" unitRef="EUR" id="Tag4251" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,709</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapOneMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag4198" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,573</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapOneMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag643" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">8</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign exchange swap</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapTwoMember" name="ugp:AssetsInterestRateBasis" id="Tag485" escape="false">USD + LIBOR-3M + 1.14%</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapTwoMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag639" escape="false">105.00% of DI</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapTwoMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag3786" decimals="-3" scale="3" format="ixt:fixed-zero">-</ix:nonFraction></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapTwoMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag1860" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">21,566</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_ForeignExchangeSwapTwoMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag3798" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest rate swap </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ugp:AssetsInterestRateBasis" id="Tag1912" escape="false">IPCA + 5.03%</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag1282" escape="false">102.87% of DI</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:BorrowingsMaturity" id="Tag1194" escape="false">Jun-32</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> BRL <ix:nonFraction contextRef="I20221231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag1243" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,226,054</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag3795" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">143,762</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag1567" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">44,312</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest rate swap </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractOneMember" name="ugp:AssetsInterestRateBasis" id="Tag1219" escape="false">6.47%</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractOneMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag5810" escape="false">99.94% of DI</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractOneMember" name="ifrs-full:BorrowingsMaturity" id="Tag410" escape="false">Nov-24</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> BRL <ix:nonFraction contextRef="I20221231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractOneMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag3789" decimals="-3" scale="3" format="ixt:num-dot-decimal">90,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractOneMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag107" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,069</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_InterestRateSwapContractOneMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag1395" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">486</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Commodity Forward </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ugp:AssetsInterestRateBasis" id="Tag3784" escape="false">BRL</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag415" escape="false">Heating Oil/ RBOB</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ifrs-full:BorrowingsMaturity" id="Tag1202" escape="false">Jul-23</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD <ix:nonFraction contextRef="I20221231_DerivativesDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ifrs-full:NotionalAmount" unitRef="USD" id="Tag1366" decimals="-3" scale="3" format="ixt:num-dot-decimal">181,880</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag1223" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">944,896</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_ForwardContractMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag4322" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> NDF </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_NdfMember" name="ugp:AssetsInterestRateBasis" id="Tag486" escape="false">BRL</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_NdfMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag141" escape="false">USD</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:BorrowingsMaturity" id="Tag5791" escape="false">Jan-23</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD <ix:nonFraction contextRef="I20221231_DerivativesDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:NotionalAmount" unitRef="USD" id="Tag1897" decimals="-3" scale="3" format="ixt:num-dot-decimal">127,233</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag3771" decimals="-3" scale="3" format="ixt:num-dot-decimal">53,672</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag255" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total - designated </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag1256" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,180,344</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DerivativesDesignatedAsHedgeAccountingMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag826" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">16,806</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Derivatives not designated as hedge accounting </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="height: 17px; background-color: #cceeff; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign exchange swap </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesNotDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ugp:AssetsInterestRateBasis" id="Tag1285" escape="false">0.00%</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesNotDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag1697" escape="false">53.0% of CDI</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesNotDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:BorrowingsMaturity" id="Tag3805" escape="false">Jun-29</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD <ix:nonFraction contextRef="I20221231_DerivativesNotDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:NotionalAmount" unitRef="USD" id="Tag1203" decimals="-3" scale="3" format="ixt:num-dot-decimal">375,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DerivativesNotDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag5816" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">85,474</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DerivativesNotDesignatedAsHedgeAccountingMember_ForeignExchangeSwapMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag160" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> NDF </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesNotDesignatedAsHedgeAccountingMember_NdfMember" name="ugp:AssetsInterestRateBasis" id="Tag1393" escape="false">USD</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesNotDesignatedAsHedgeAccountingMember_NdfMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag4247" escape="false">BRL</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesNotDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:BorrowingsMaturity" id="Tag5408" escape="false">Jul-23</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD <ix:nonFraction contextRef="I20221231_DerivativesNotDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:NotionalAmount" unitRef="USD" id="Tag483" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,116,702</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DerivativesNotDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag100" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">440,359</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DerivativesNotDesignatedAsHedgeAccountingMember_NdfMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag5746" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest rate swap </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesNotDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ugp:AssetsInterestRateBasis" id="Tag1322" escape="false">USD + 5.25%</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesNotDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ugp:LiabilitiesInterestRateBasis" id="Tag396" escape="false">CDI - 1.36%</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20221231_DerivativesNotDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:BorrowingsMaturity" id="Tag1822" escape="false">Jun-29</ix:nonNumeric> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD <ix:nonFraction contextRef="I20221231_DerivativesNotDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:NotionalAmount" unitRef="USD" id="Tag400" decimals="-3" scale="3" format="ixt:num-dot-decimal">300,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DerivativesNotDesignatedAsHedgeAccountingMember_InterestRateSwapContractMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag613" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">266,445</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DerivativesNotDesignatedAsHedgeAccountingMember_InterestRateSwapContractOneMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag127" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total - not designated </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DerivativesNotDesignatedAsHedgeAccountingMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag851" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">792,278</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DerivativesNotDesignatedAsHedgeAccountingMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag3921" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag659" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,972,622</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="BRL" id="Tag480" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">16,806</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td> </tr> </tbody> </table> </div> </div> </ix:nonNumeric> </div>
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<div>
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<div xmlns="http://www.w3.org/1999/xhtml">
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<td class="pgno" style="padding: 0px; text-align: center; height: 15px;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>F-85</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
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<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
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<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important; line-height: inherit;">Notes to the financial statements</span></td>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt; line-height: inherit;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div> </ix:exclude> </div>
<div><span style="text-indent: 0pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; line-height: inherit; font-family: 'times new roman', times;"><br/></span></div>
<div><span style="text-indent: 0pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; line-height: inherit; font-family: 'times new roman', times;">g. Hedge accounting </span></div> </div>
<div style="line-height: 1.2;">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries use derivative and non-derivative financial instruments for hedging purposes and test, throughout the duration of the hedge, their effectiveness, as well as the changes in their fair value.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The hedged items and the hedging instruments have a high correspondence, since the contracted instruments have characteristics equivalent to the transactions considered as the hedged item. The Company and its subsidiaries designated a hedge ratio for transactions designated as hedge accounting, since the underlying risks of the hedging instruments correspond to the risks of the hedged items.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries discontinue the hedge accounting when the hedging instrument is settled, the hedged item ceases to exist or the hedge no longer meets the requirements for hedge accounting due to the absence of an economic relationship between the hedged item and the hedging instrument.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">g.<span>1</span> Fair value hedge</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The Company and its subsidiaries use derivative financial instruments such as fair value hedge to mitigate the risk of variations in interest and exchange rates, which affect the amount of contracted debts. In December 2024, no material ineffectiveness was identified in fair value hedge operations.</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">g.<span>2</span> Cash flow hedge</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In December 2024, the Company and its subsidiaries do not have cash flow hedges.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">h. Financial instruments (energy trading futures contracts)</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company&#8217;s subsidiaries operate in the Free Contracting Environment (ACL) and have entered into bilateral energy purchase and sale contracts with different market players. Accordingly, they assume short and long-term commitments. As a result of mismatched operations, they assume energy surplus or deficit positions, which are measured at a future market price curve (forward curve). Therefore, the Company designates these contracts as financial instruments, according to IFRS <span>9</span>, at the beginning of the contract, to include the recording of the correct exposure to the risk of future purchase and sale transactions of bilateral contracts.</span> </p>
<ix:nonNumeric contextRef="D20241231" name="ugp:DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsLiabilitiesTableTextBlock" id="Tag215" escape="true">
<p style="margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Sensitivity analysis &#8211; level <span>2</span> hierarchy</span> </p>
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<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Valuation technique </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Fair value of energy contracts </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Sensitivity of inputs to fair value </span><span style="font-weight: bold; vertical-align: super; line-height: inherit;">(a)</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
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<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 26px; width: 30%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financial assets </span></p> </td>
<td rowspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 62px; width: 30%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Discounted cash flow method </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 12%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_EnergyTradingFuturesContractsAssetsMember_DiscountedCashFlowMember" name="ifrs-full:FinancialAssetsAtFairValue" unitRef="BRL" id="Tag3776" decimals="-3" scale="3" format="ixt:num-dot-decimal">404,695</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 12%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> +<ix:nonFraction contextRef="I20241231_EnergyTradingFuturesContractsAssetsMember_DiscountedCashFlowMember" name="ifrs-full:PercentageOfReasonablyPossibleIncreaseInUnobservableInputAssets" unitRef="Pure" id="Tag476" decimals="2" scale="-2" format="ixt:num-dot-decimal">10</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 12%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DiscountedCashFlowMember_EnergyTradingFuturesContractsAssetsMember" name="ifrs-full:IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets" unitRef="BRL" id="Tag458" decimals="-3" scale="3" format="ixt:num-dot-decimal">382,794</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 1%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> -<ix:nonFraction contextRef="I20241231_EnergyTradingFuturesContractsLiabilitiesMember_DiscountedCashFlowMember" name="ifrs-full:PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets" unitRef="Pure" id="Tag654" decimals="2" scale="-2" format="ixt:num-dot-decimal">10</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DiscountedCashFlowMember_EnergyTradingFuturesContractsAssetsMember" name="ifrs-full:IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputAssets" unitRef="BRL" id="Tag446" decimals="-3" scale="3" format="ixt:num-dot-decimal">404,581</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 16px;">
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 26px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financial liabilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_EnergyTradingFuturesContractsLiabilitiesMember_DiscountedCashFlowMember" name="ifrs-full:FinancialLiabilitiesAtFairValue" unitRef="BRL" id="Tag1913" decimals="-3" scale="3" format="ixt:num-dot-decimal">114,776</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> +<ix:nonFraction contextRef="I20241231_EnergyTradingFuturesContractsAssetsMember_DiscountedCashFlowMember" name="ifrs-full:PercentageOfReasonablyPossibleIncreaseInUnobservableInputLiabilities" unitRef="Pure" id="Tag610" decimals="2" scale="-2" format="ixt:num-dot-decimal">10</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DiscountedCashFlowMember_EnergyTradingFuturesContractsLiabilitiesMember" name="ifrs-full:IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets" unitRef="BRL" id="Tag1891" decimals="-3" scale="3" format="ixt:num-dot-decimal">115,361</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> -<ix:nonFraction contextRef="I20241231_EnergyTradingFuturesContractsLiabilitiesMember_DiscountedCashFlowMember" name="ifrs-full:PercentageOfReasonablyPossibleDecreaseInUnobservableInputLiabilities" unitRef="Pure" id="Tag424" decimals="2" scale="-2" format="ixt:num-dot-decimal">10</ix:nonFraction>% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20241231_DiscountedCashFlowMember_EnergyTradingFuturesContractsLiabilitiesMember" name="ifrs-full:IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputAssets" unitRef="BRL" id="Tag97" decimals="-3" scale="3" format="ixt:num-dot-decimal">125,715</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"> <br/></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="vertical-align: super; line-height: inherit; font-size: 8pt;">(a) </span><span><ix:footnote xml:lang="en-US" id="footnote46" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none;">This <span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="I20241231" name="ugp:PercentageOfReasonablyPossibleIncreaseDecreaseInUnobservableInputLiabilities" unitRef="Pure" id="Tag122" decimals="2" scale="-2" format="ixt:num-dot-decimal">10</ix:nonFraction></span>% variation scenario represents a fluctuation considered reasonable by the Company, based on the history of negotiations concluded under similar market conditions.</span></ix:footnote></span></span></p> </ix:nonNumeric> </div> </div> </div> </ix:nonNumeric> </div> </div> </div> </div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><br/></p> </div>
<div style="line-height: 1.2;">
<div>
<div id="t_ft_70LUBU2W5C00000000000000000000b">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno"><span>F-86</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div> </div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="border-right: none; border-left: none;">
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
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<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><br/></td> </tr> </tbody> </table> <br/> </div>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfCommitmentsExplanatory" id="Tag5421" escape="true">
<div>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bnd98_1832025151237999" class="customBookmark"> <span style="color: #ffffff; font-weight: bold; line-height: inherit;"><span>2</span></span><span style="color: #ffffff; font-weight: bold; line-height: inherit;"><span>6</span></span><span style="color: #ffffff; font-weight: bold; line-height: inherit;">. Commitments</span></a></div>
<p style="margin: 10pt 0pt; line-height: 1.2; text-align: left; text-indent: 0pt; font-family: 'times new roman', times;"><span style="font-size: 10pt; font-style: italic; font-weight: bold;">a. Contracts</span> </p> </div>
<div>
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Subsidiary Ultracargo Log&#237;stica has agreements related to its port facilities in Aratu, Suape, Itaqui and Vila do Conde. Such agreements establish a minimum cargo movement, as shown below:</span> </p>
<div style="border-right: none; border-left: none;">
<ix:nonNumeric contextRef="D20241231" name="ugp:SummaryOfContractsTableTextBlock" id="Tag226" escape="true">
<div style="border-right: none; border-left: none;">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; height: 98px; width: 100%;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Port </span></p> </td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Minimum movement per year </span></p> </td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 10px;">
<p style="line-height: 12pt; margin: 0pt 28.35pt 0pt 22.7pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; text-indent: -11.35pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Maturity </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 10px; width: 33%; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231_CargoContractOneMember" name="ugp:CargoPort" id="Tag3007" escape="false">Aratu</ix:nonNumeric> <span style="vertical-align: super; line-height: inherit; font-size: 8pt;">(*)</span></span></p> </td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 10px; width: 33%; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_CargoContractOneMember" name="ugp:MinimumCargoMovementPerYear" id="Tag3001" escape="false">900,000</ix:nonNumeric> ton. </span></p> </td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 10px; width: 34%; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_CargoContractOneMember" name="ugp:CargoAgreementMaturity" id="Tag2995" escape="false">2022</ix:nonNumeric> </span></p> </td> </tr>
<tr style="height: 17px;">
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_CargoContractTwoMember" name="ugp:CargoPort" id="Tag3006" escape="false">Suape</ix:nonNumeric> </span></p> </td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_CargoContractTwoMember" name="ugp:MinimumCargoMovementPerYear" id="Tag3000" escape="false">250,000</ix:nonNumeric> ton. </span></p> </td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_CargoContractTwoMember" name="ugp:CargoAgreementMaturity" id="Tag2994" escape="false">2027</ix:nonNumeric> </span></p> </td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_CargoContractThreeMember" name="ugp:CargoPort" id="Tag3005" escape="false">Suape</ix:nonNumeric> </span></p> </td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_CargoContractThreeMember" name="ugp:MinimumCargoMovementPerYear" id="Tag2999" escape="false">400,000</ix:nonNumeric> ton. </span></p> </td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_CargoContractThreeMember" name="ugp:CargoAgreementMaturity" id="Tag2993" escape="false">2029</ix:nonNumeric> </span></p> </td> </tr>
<tr style="height: 17px;">
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_CargoContractFourMember" name="ugp:CargoPort" id="Tag3004" escape="false">Aratu</ix:nonNumeric> </span></p> </td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_CargoContractFourMember" name="ugp:MinimumCargoMovementPerYear" id="Tag2998" escape="false">465,403</ix:nonNumeric> ton. </span></p> </td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_CargoContractFourMember" name="ugp:CargoAgreementMaturity" id="Tag2992" escape="false">2031</ix:nonNumeric> </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_CargoContractFiveMember" name="ugp:CargoPort" id="Tag3003" escape="false">Itaqui</ix:nonNumeric> </span></p> </td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonNumeric contextRef="D20241231_CargoContractFiveMember" name="ugp:MinimumCargoMovementPerYear" id="Tag2997" escape="false">1,468,105</ix:nonNumeric> m<span style="vertical-align: super; line-height: inherit; font-size: 8pt;"><span style="border-left: none; border-right: none;">3</span></span></span></p> </td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_CargoContractFiveMember" name="ugp:CargoAgreementMaturity" id="Tag2991" escape="false">2049</ix:nonNumeric> </span></p> </td> </tr>
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<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_CargoContractSixMember" name="ugp:CargoPort" id="Tag3002" escape="false">Vila do Conde</ix:nonNumeric> </span></p> </td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20241231_CargoContractSixMember" name="ugp:MinimumCargoMovementPerYear" id="Tag2996" escape="false">343,625</ix:nonNumeric> ton. </span></p> </td>
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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span style="border-left: none; border-right: none;"><ix:nonNumeric contextRef="D20241231_CargoContractSixMember" name="ugp:CargoAgreementMaturity" id="Tag2990" escape="false">2044</ix:nonNumeric></span> </span></p> </td> </tr> </tbody> </table> </div>
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<td style="width: 3%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(*)</span></td>
<td style="width: 97%; vertical-align: top; text-align: justify;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote90" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Contract in the process of being renewed with the appropriate body, being </span>judicialized<span style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> by favorable decision, until the public entity completes the analysis so that the new amendment is signed. In a decision of the Ministry of Infrastructure, the investment plans presented by </span>Ultracargo<span style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> were preliminarily approved, and the Waterway Transport Regulatory Agency (ANTAQ) approved the technical, economic and environmental feasibility study of this extension project.</span></ix:footnote></span></td> </tr> </tbody> </table> </div> </ix:nonNumeric> </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">If the annual movement is less than the minimum contractual movement, the subsidiary is liable to pay the difference between the effective movement and the minimum contractual movement, based on the port tariff rates in effect on the date established for payment. As of December 31, 2024, these rates were R$ <ix:nonFraction contextRef="I20241231_AratuMember" name="ugp:CargoRatesPerTon" unitRef="Ton" id="Tag2978" decimals="2" format="ixt:num-dot-decimal">9.64</ix:nonFraction> and R$ <ix:nonFraction contextRef="I20241231_SuapeMember" name="ugp:CargoRatesPerTon" unitRef="Ton" id="Tag2977" decimals="2" format="ixt:num-dot-decimal">3.05</ix:nonFraction> per ton for Aratu and Suape, respectively, and R$ <ix:nonFraction contextRef="I20241231_ItaquiMember" name="ugp:CargoRatesPerTon" unitRef="CubicMetre" id="Tag2968" decimals="2" format="ixt:num-dot-decimal">0.98</ix:nonFraction> per m&#179; for Itaqui. According to contractual conditions and tolerances, as of December 31, 2024, there were no material pending issues regarding the minimum limits of the contract.</span></p> </div> </ix:nonNumeric> </div><p style="margin:0pt"><br/></p>
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<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0pt; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bnd898_1832025151540400" class="customBookmark"><span style="color: #ffffff; font-weight: bold; line-height: inherit;"><span>2</span></span><span style="color: #ffffff; font-weight: bold; line-height: inherit;"><span>7</span></span><span style="color: #ffffff; font-weight: bold; line-height: inherit;">. Acquisition of Interest and Control</span></a></div>
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<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span> </p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">A business combination is accounted for applying the acquisition method. The cost of the acquisition is measured based on the consideration transferred and to be transferred, measured at fair value at the acquisition date. In a business combination, the assets acquired and liabilities assumed are measured in order to classify and allocate them according to the contractual terms, economic circumstances and relevant conditions at the acquisition date. The non-controlling interest in the acquired company is measured based on its interest in net assets identified in the acquired company. Goodwill is measured as the excess of the consideration transferred and to be transferred over the fair value of net assets acquired (identifiable assets and liabilities assumed, net). After the initial recognition, goodwill is measured at cost less any accumulated impairment losses. For impairment testing purposes, goodwill is allocated to the respective Company&#8217;s operating segments. When the cost of the acquisition is lower than the fair value of net assets acquired, a gain is recognized directly in the statement of income. Costs related to the acquisitions are recorded in the statement of income when incurred.</span></p> </ix:nonNumeric>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-87</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
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<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div> </ix:exclude> </div> </div>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2; font-family: 'times new roman', times;"><span style="text-indent: 0pt; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Hidrovias do Brasil S.A.</span> </p> </div>
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<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In <span>2023</span>, the Company began the process of acquiring an interest in Hidrovias do Brasil S.A. (&#8220;Hidrovias&#8221;), through the purchase of a <ix:nonFraction contextRef="D20231231_HidroviasDoBrasilMember" name="ifrs-full:ProportionOfVotingPowerHeldInAssociate" unitRef="Pure" id="Tag1948" decimals="4" scale="-2" format="ixt:num-dot-decimal">4.99</ix:nonFraction>% direct interest and a <ix:nonFraction contextRef="D20231231_UltracargoLogisticaSAMember_HidroviasDoBrasilMember" name="ifrs-full:ProportionOfVotingPowerHeldInAssociate" unitRef="Pure" id="Tag1950" decimals="4" scale="-2" format="ixt:num-dot-decimal">4.99</ix:nonFraction>% indirect interest, through Total Return Swaps (&#8220;TRS&#8221;), recognized as financial asset and measured at fair value in accordance with IFRS <span>9</span>. On March 18, 2024, the Company contributed its direct interest to its subsidiary Ultrapar Log&#237;stica Ltda. and settled the TRS. From this date, all transactions have been carried out through subsidiary Ultrapar Log&#237;stica Ltda.</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On May 7, 2024, subsidiary Ultrapar Log&#237;stica completed the purchase of <ix:nonFraction contextRef="I20240507_HidroviasDoBrasilMember" name="ugp:NumberOfSharesAcquired" unitRef="Shares" id="Tag1955" decimals="0" format="ixt:num-dot-decimal">128,369,488</ix:nonFraction> shares from Hidrovias, which represented <ix:nonFraction contextRef="I20240507_HidroviasDoBrasilMember" name="ifrs-full:PercentageOfVotingEquityInterestsAcquired" unitRef="Pure" id="Tag1920" decimals="4" scale="-2" format="ixt:num-dot-decimal">16.88</ix:nonFraction>% of its share capital, at a cost of R$ <ix:nonFraction contextRef="D20240507_HidroviasDoBrasilMember" name="ugp:BusinessCombinationSharePrice" unitRef="BRLPerShare" id="Tag1961" decimals="2" format="ixt:num-dot-decimal">3.98</ix:nonFraction>/share. Also in May 2024, when obtaining sufficient evidence demonstrating its power to exert significant influence on decisions regarding Hidrovias' financial and operational policies, subsidiary Ultrapar Log&#237;stica began to recognize its interest in Hidrovias as an investment in an associate with significant influence, in accordance with IAS <span>28</span>.</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Subsequently, throughout December 2024, subsidiary Ultrapar Log&#237;stica acquired new shares through the Stock Exchange (&#8220;B<span>3</span>&#8221;) and reached an interest of <ix:nonFraction contextRef="I20241231_HidroviasDoBrasilMember" name="ifrs-full:PercentageOfVotingEquityInterestsAcquired" unitRef="Pure" id="Tag299" decimals="4" scale="-2" format="ixt:num-dot-decimal">41.94</ix:nonFraction>% in Hidrovias&#8217; share capital.</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On December 26, 2024, subsidiary Ultrapar Log&#237;stica signed an Advance for Future Capital Increase agreement with Hidrovias, in the amount of R$ <ix:nonFraction contextRef="D20241226_UltracargoLogisticaSAMember_HidroviasDoBrasilMember" name="ugp:AdvancesForFutureCapitalIncreaseInvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1923" decimals="-3" scale="3" format="ixt:num-dot-decimal">500,000</ix:nonFraction>, which will be used for future subscription and payment of Hidrovias&#8217;s shares. On February 28, 2025 the Hidrovias Board of Directors approved the start of the capital increase process which will be completed during the second quarter of 2025.</span></p>
<ix:nonNumeric contextRef="D20241231_HidroviasDoBrasilMember" name="ugp:ScheduleOfTransactionAmountsForAcquiringInterestTableTextBlock" id="Tag227" escape="true">
<p style="margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The transaction amounts &#8203;for acquiring an interest in Hidrovias are shown below: </span> </p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 89%; height: 15px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Amount paid for the acquisition of shares &#8211; financial asset </span></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_HidroviasDoBrasilMember" name="ifrs-full:FinancialAssetsRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag18" decimals="-3" scale="3" format="ixt:num-dot-decimal">579,066</ix:nonFraction> </span></p> </td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Gain (loss) on fair value adjustment of financial assets </span></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_HidroviasDoBrasilMember" name="ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLoss" unitRef="BRL" id="Tag1931" decimals="-3" scale="3" format="ixt:num-dot-decimal">66,267</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;"><br/></td> </tr>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total financial asset transferred to the investments line item </span></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_HidroviasDoBrasilMember" name="ifrs-full:IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag5430" decimals="-3" scale="3" format="ixt:num-dot-decimal">645,333</ix:nonFraction> </span></p> </td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Subsequent acquisitions of additional interests </span></p> </td>
<td style="padding: 0px; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_HidroviasDoBrasilMember" name="ugp:SubsequentAcquisitionsOfAdditionalInterests" unitRef="BRL" id="Tag1998" decimals="-3" scale="3" format="ixt:num-dot-decimal">690,186</ix:nonFraction> </span></p> </td>
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<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Total investment in </span><span style="font-weight: bold; line-height: inherit;">Hidrovias</span><span style="font-weight: bold; line-height: inherit;"> as of December 31, 2024 (A) </span><span style="font-weight: bold; vertical-align: super; line-height: inherit; font-size: 8pt;"><span>1</span></span></span></p> </td>
<td style="padding: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_HidroviasDoBrasilMember" name="ifrs-full:InvestmentAccountedForUsingEquityMethod" unitRef="BRL" id="Tag1995" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,335,519</ix:nonFraction> </span></p> </td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
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<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td> </tr>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Participation equivalent to equity of the associate (B) </span></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_HidroviasDoBrasilMember" name="ifrs-full:AcquisitiondateFairValueOfEquityInterestInAcquireeHeldByAcquirerImmediatelyBeforeAcquisitionDate" unitRef="BRL" id="Tag1938" decimals="-3" scale="3" format="ixt:num-dot-decimal">560,475</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Provisional goodwill on acquisition of investment (A-B) </span></p> </td>
<td style="padding: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20241231_HidroviasDoBrasilMember" name="ifrs-full:GoodwillRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1932" decimals="-3" scale="3" format="ixt:num-dot-decimal">775,044</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><br/></p>
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<td style="width: 3%; vertical-align: top;" valign="top"><span style="font-size: 10pt;"><sup><span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span>1</span></span></sup></span></td>
<td style="width: 97%; vertical-align: top; text-align: justify;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote44" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Equivalent interest calculated with basis on acquisition date, disregarding the posterior effects of share of profit (loss) of subsidiaries, joint ventures and associates</span></ix:footnote></span></td> </tr> </tbody> </table> </div> </ix:nonNumeric>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Based on applicable accounting standards and supported by an independent appraisal firm, the Company is determining the statement of financial position as at the acquisition date, the fair value of assets and liabilities, and the purchase price allocation (&#8220;PPA&#8221;), which will be completed in <span>2025</span>.</span></p>
<p style="margin: 10pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0pt; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. WTZ Participa&#231;&#245;es S.A.</span> </p>
<p style="margin: 10pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0pt; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On September 1, 2024, through subsidiary Cia Ultragaz, the Company acquired <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ifrs-full:PercentageOfVotingEquityInterestsAcquired" unitRef="Pure" id="Tag1929" decimals="3" scale="-2" format="ixt:num-dot-decimal">51.7</ix:nonFraction>% of the voting share capital of WTZ Participa&#231;&#245;es S.A. (&#8220;Witzler&#8221;). The transaction qualifies as a business combination as defined in IFRS <span>3</span>&#8211; Business Combinations. This acquisition is in line with Ultragaz's strategy to expand its offering of energy solutions to its customers, leveraging on its capillarity, commercial strength, brand and extensive base of corporate and residential customers.</span> </p>
<p style="margin: 10pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0pt; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 1.2; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Witzler was founded in <span>2015</span> and its main activities are the sale of electric energy in the free market and energy management, with a national presence.</span> </p>
<p style="margin: 10pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0pt; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The initial payment, including the capital contribution of R$ <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ifrs-full:EquityInterestsOfAcquirer" unitRef="BRL" id="Tag1988" decimals="-3" scale="3" format="ixt:num-dot-decimal">49,490</ix:nonFraction>, totaled R$ <ix:nonFraction contextRef="D20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ifrs-full:ConsiderationPaidReceived" unitRef="BRL" id="Tag320" decimals="-3" scale="3" format="ixt:num-dot-decimal">104,490</ix:nonFraction>. The remaining transaction amount of R$ <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ifrs-full:ContingentConsiderationRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1987" decimals="-3" scale="3" format="ixt:num-dot-decimal">40,878</ix:nonFraction> was recorded under &#8220;Other payables&#8221; and will be paid after the contractual clauses have been fulfilled. The Company, based on applicable accounting standards and supported by an independent appraisal firm, is determining the statement of financial position as at the acquisition date, the fair value of assets and liabilities and, consequently, goodwill. The provisional goodwill determined is R$ <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ifrs-full:GoodwillRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1934" decimals="-3" scale="3" format="ixt:num-dot-decimal">52,038</ix:nonFraction>. The purchase price allocation (&#8220;PPA&#8221;) will be completed in <span>2025</span>.</span> </p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-88</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
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<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br/></td> </tr> </tbody> </table> </div> </ix:exclude> </div> </div>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p>
<ix:nonNumeric contextRef="D20241231_WtzParticipacoesSAMember_1" name="ifrs-full:DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" id="Tag207" escape="true">
<p style="margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below summarizes the consolidated balances of assets acquired and liabilities at the acquisition date, subject to adjustment for purchase price allocation and goodwill determination:</span> </p>
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<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 299px;" width="100%">
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<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Assets </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash and cash equivalents </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ifrs-full:CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag307" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,399</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade receivables </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ifrs-full:FairValueOfAcquiredReceivables" unitRef="BRL" id="Tag1947" decimals="-3" scale="3" format="ixt:num-dot-decimal">33,168</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Recoverable taxes </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ugp:TaxAssetsRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag319" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,036</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Prepaid expenses </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ugp:PrepaidExpensesRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1997" decimals="-3" scale="3" format="ixt:num-dot-decimal">170</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other receivables </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ugp:OtherReceivablesRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1162" decimals="-3" scale="3" format="ixt:num-dot-decimal">320</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other investments </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ugp:OtherInvestmentsRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1973" decimals="-3" scale="3" format="ixt:num-dot-decimal">5</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Property, plant and equipment, net </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ifrs-full:PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1921" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,684</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Intangible assets, net </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ifrs-full:IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1953" decimals="-3" scale="3" format="ixt:num-dot-decimal">11</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Derivative instruments </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ugp:DerivativeInstrumentsRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1976" decimals="-3" scale="3" format="ixt:num-dot-decimal">209,348</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Liabilities </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Loans and financing </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ifrs-full:BorrowingsRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1928" decimals="-3" scale="3" format="ixt:num-dot-decimal">68</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade payables </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ifrs-full:TradeAndOtherPayablesRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag510" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,541</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Salaries and related charges </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ugp:EmployeeBenefitLiabilitiesRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1959" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,211</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Taxes payable, income and social contribution taxes payable </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ugp:TaxLiabilitiesRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1985" decimals="-3" scale="3" format="ixt:num-dot-decimal">80,918</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other payables </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ugp:OtherPayablesRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1984" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,655</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill based on expected future profitability </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ifrs-full:GoodwillRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1977" decimals="-3" scale="3" format="ixt:num-dot-decimal">52,038</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-controlling interests </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ifrs-full:NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate" unitRef="BRL" id="Tag847" decimals="-3" scale="3" format="ixt:num-dot-decimal">67,498</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Assets and liabilities consolidated in the opening balance </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ifrs-full:IdentifiableAssetsAcquiredLiabilitiesAssumed" unitRef="BRL" id="Tag1983" decimals="-3" scale="3" format="ixt:num-dot-decimal">124,288</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><br/></p>
<div id="t_ft_DAGLXS5CHC00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 193px; width: 100%;" width="100%">
<tbody>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 89%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Assets acquired </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ugp:NetAssetsRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1965" decimals="-3" scale="3" format="ixt:num-dot-decimal">130,873</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 10px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Liabilities assumed </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ugp:NetLiabilitiesRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1935" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">58,623</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill based on expected future profitability </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ifrs-full:GoodwillRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1971" decimals="-3" scale="3" format="ixt:num-dot-decimal">52,038</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Acquisition value </span></p> </td>
<td style="padding: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ifrs-full:IdentifiableAssetsAcquiredLiabilitiesAssumed" unitRef="BRL" id="Tag1968" decimals="-3" scale="3" format="ixt:num-dot-decimal">124,288</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Comprised by </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ifrs-full:CashTransferred" unitRef="BRL" id="Tag1993" decimals="-3" scale="3" format="ixt:num-dot-decimal">59,506</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Acquisition of ownership interest via capital contribution (as non-controlling interests) </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ugp:NoncontrollingInterestsOfAcquirer" unitRef="BRL" id="Tag1936" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,904</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Contingent consideration to be settled </span></p> </td>
<td style="padding: 0px; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; height: 16px; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ifrs-full:ContingentConsiderationRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1944" decimals="-3" scale="3" format="ixt:num-dot-decimal">40,878</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total consideration </span></p> </td>
<td style="padding: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 17px; background-color: #cceeff; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ifrs-full:IdentifiableAssetsAcquiredLiabilitiesAssumed" unitRef="BRL" id="Tag315" decimals="-3" scale="3" format="ixt:num-dot-decimal">124,288</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net cash outflow resulting from acquisition </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Initial consideration in cash </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ugp:PortionOfInitialConsiderationPaidConsistingOfCashAndCashEquivalents" unitRef="BRL" id="Tag1956" decimals="-3" scale="3" format="ixt:num-dot-decimal">59,506</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash and cash equivalents acquired </span></p> </td>
<td style="padding: 0px; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; height: 16px; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ifrs-full:CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013" unitRef="BRL" id="Tag1927" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,399</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: middle; height: 16px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</span></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Acquisition value </span></p> </td>
<td style="padding: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 17px; background-color: #cceeff; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="D20240901_CiaUltragazMember_WtzParticipacoesSAMember" name="ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" unitRef="BRL" id="Tag1991" decimals="-3" scale="3" format="ixt:num-dot-decimal">54,107</ix:nonFraction> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> </div> </ix:nonNumeric>
<div>
<div id="t_ft_KUDGV11B7K00000000000000000000b">
<ix:exclude>
<div xmlns="http://www.w3.org/1999/xhtml">
<div>
<p style="margin:0pt"><br/></p>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-89</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
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<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><br/></td> </tr> </tbody> </table> </div> </ix:exclude> </div> </div>
<p style="break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; margin: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br/></span></p>
<p style="break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Serra Diesel Transportador Revendedor Retalhista Ltda.</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On September 1, 2023, through subsidiary Ultrapar Mobilidade Ltda., the Company acquired <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ifrs-full:PercentageOfVotingEquityInterestsAcquired" unitRef="Pure" id="Tag1966" decimals="2" scale="-2" format="ixt:num-dot-decimal">60</ix:nonFraction>% of the voting share capital of Serra Diesel Transportador Revendedor Retalhista Ltda. (&#8220;Serra Diesel&#8221;), qualifying the transaction as a business combination as defined in IFRS <span>3</span> &#8211; Business Combinations. The acquisition complements Ultrapar's operations in the mobility and liquid fuel distribution segment.</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Serra Diesel was established in <span>2006</span> and its main activity is the fuel trade carried out by a wholesale carrier-reseller-retailer, with presence in the southern region of Brazil.</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The initial payment, including the capital contribution in the amount of R$ <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ifrs-full:EquityInterestsOfAcquirer" unitRef="BRL" id="Tag1958" decimals="-3" scale="3" format="ixt:num-dot-decimal">16,193</ix:nonFraction>, totaled R$ <ix:nonFraction contextRef="D20230901_SerraDieselGroupMember_UltraparMobilidadeLtdaMember" name="ifrs-full:ConsiderationPaidReceived" unitRef="BRL" id="Tag1949" decimals="-3" scale="3" format="ixt:num-dot-decimal">21,193</ix:nonFraction>. The remaining amount of R$ <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ifrs-full:ContingentConsiderationRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1967" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,816</ix:nonFraction> was recorded under &#8220;Other payables&#8221; and paid after the contractual clauses have been fulfilled. The Company, based on applicable accounting standards and supported by an independent appraisal firm, calculated the definitive amounts for the purchase price allocation as of August 31, 2024, and determined the final goodwill in the amount of R$ <ix:nonFraction contextRef="I20240831_SerraDieselGroupMember_UltraparMobilidadeLtdaMember" name="ifrs-full:GoodwillRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag313" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,413</ix:nonFraction>.</span></p>
<ix:nonNumeric contextRef="D20241231_SerraDieselGroupMember" name="ifrs-full:DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" id="Tag29" escape="true">
<p style="margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below summarizes the consolidated balances of assets acquired and liabilities at the acquisition date recognized at fair value:</span> </p>
<div id="t_ft_6LSRQP2MF400000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 517px; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 89%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Assets </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash and cash equivalents </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ifrs-full:CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag312" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,719</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade receivables </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ifrs-full:FairValueOfAcquiredReceivables" unitRef="BRL" id="Tag1937" decimals="-3" scale="3" format="ixt:num-dot-decimal">28,475</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Inventories </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ifrs-full:InventoryRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1957" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,128</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Recoverable taxes </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ugp:TaxAssetsRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1990" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,551</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other receivables </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ugp:OtherReceivablesRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1922" decimals="-3" scale="3" format="ixt:num-dot-decimal">55</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other investments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ugp:OtherInvestmentsRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1946" decimals="-3" scale="3" format="ixt:num-dot-decimal">298</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Right-of-use assets, net </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ugp:RightOfUseAssetsNetRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1992" decimals="-3" scale="3" format="ixt:num-dot-decimal">25,500</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Property, plant and equipment, net </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ifrs-full:PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1942" decimals="-3" scale="3" format="ixt:num-dot-decimal">41,938</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Intangible assets, net </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ifrs-full:IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1974" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,634</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Liabilities </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Loans and financing </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ifrs-full:BorrowingsRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1954" decimals="-3" scale="3" format="ixt:num-dot-decimal">17,337</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade payables </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ifrs-full:TradeAndOtherPayablesRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1940" decimals="-3" scale="3" format="ixt:num-dot-decimal">26,965</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Salaries and related charges </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ugp:EmployeeBenefitLiabilitiesRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1981" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,933</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Taxes payable, income and social contribution taxes payable </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ugp:TaxLiabilitiesRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1994" decimals="-3" scale="3" format="ixt:num-dot-decimal">376</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leases payable </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ugp:LeasesPayableRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1972" decimals="-3" scale="3" format="ixt:num-dot-decimal">25,500</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other payables </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ugp:OtherPayablesRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1970" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,194</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill based on expected future profitability </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ifrs-full:GoodwillRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1924" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,413</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-controlling interests </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; height: 16px; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ifrs-full:NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate" unitRef="BRL" id="Tag298" decimals="-3" scale="3" format="ixt:num-dot-decimal">16,397</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Assets and liabilities consolidated in the opening balance </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 17px; background-color: #cceeff; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ifrs-full:IdentifiableAssetsAcquiredLiabilitiesAssumed" unitRef="BRL" id="Tag1963" decimals="-3" scale="3" format="ixt:num-dot-decimal">26,009</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Assets acquired </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ugp:NetAssetsRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1163" decimals="-3" scale="3" format="ixt:num-dot-decimal">72,779</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Liabilities assumed </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ugp:NetLiabilitiesRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1939" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">48,183</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill based on expected future profitability </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ifrs-full:GoodwillRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag300" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,413</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Acquisition value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Comprised by </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ifrs-full:CashTransferred" unitRef="BRL" id="Tag1962" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Acquisition of ownership interest via capital contribution (as non-controlling interests) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ugp:NoncontrollingInterestsOfAcquirer" unitRef="BRL" id="Tag1945" decimals="-3" scale="3" format="ixt:num-dot-decimal">16,193</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Contingent consideration settled </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; height: 16px; background-color: #cceeff; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ifrs-full:ContingentConsiderationRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1930" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,816</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total consideration </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20230901_UltraparMobilidadeLtdaMember_SerraDieselGroupMember" name="ifrs-full:AcquisitiondateFairValueOfTotalConsiderationTransferred" unitRef="BRL" id="Tag1951" decimals="-3" scale="3" format="ixt:num-dot-decimal">26,009</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Initial consideration in cash </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20230901_SerraDieselGroupMember_UltraparMobilidadeLtdaMember" name="ugp:PortionOfInitialConsiderationPaidConsistingOfCashAndCashEquivalents" unitRef="BRL" id="Tag1986" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,000</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</span></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Contingent consideration settled </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20230901_SerraDieselGroupMember_UltraparMobilidadeLtdaMember" name="ugp:PortionOfSubsequentConsiderationPaidConsistingOfCashAndCashEquivalents" unitRef="BRL" id="Tag1996" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,816</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash and cash equivalents acquired </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; height: 16px; background-color: #cceeff; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20230901_SerraDieselGroupMember_UltraparMobilidadeLtdaMember" name="ifrs-full:CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013" unitRef="BRL" id="Tag1941" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,720</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 10px; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (<ix:nonFraction contextRef="D20230901_SerraDieselGroupMember_UltraparMobilidadeLtdaMember" name="ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" unitRef="BRL" id="Tag1980" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">8,096</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</span></td> </tr> </tbody> </table> </div> </ix:nonNumeric>
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<div xmlns="http://www.w3.org/1999/xhtml">
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<p style="margin:0pt"><br/></p>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-90</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div>
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<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
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<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><br/></td> </tr> </tbody> </table> </div> </ix:exclude> </div> </div>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br/></span></p>
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">d. Opla - Terminal de Combust&#237;veis Paul&#237;nia S.A.</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On July 1, 2023, through its subsidiary Ultracargo Log&#237;stica S.A., the Company acquired a <ix:nonFraction contextRef="I20230701_UltracargoLogisticaSAMember_OplaGroupMember" name="ifrs-full:PercentageOfVotingEquityInterestsAcquired" unitRef="Pure" id="Tag295" decimals="2" scale="-2" format="ixt:num-dot-decimal">50</ix:nonFraction>% interest in Terminal de Combust&#237;veis Paul&#237;nia S.A. (&#8220;Opla&#8221;), qualifying the transaction as an acquisition of a joint venture as defined in IAS <span>28</span> (Investments in Associates and Joint Ventures) and IFRS <span>11</span> (- Joint Arrangements). The acquisition of interest in Opla marked Ultracargo's entry into the inland liquid bulk storage and logistics segment, integrated with port terminals, in line with its growth plan. With the acquisition, Ultracargo and BP Biofuels Brazil Investments Ltd. (&#8220;BP&#8221;) become joint ventures of Opla.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The total amount of the operation is R$ <ix:nonFraction contextRef="D20230701_UltracargoLogisticaSAMember_OplaGroupMember" name="ugp:BusinessCombinationPriceOfAcquisitionExpectedUponPurchaseAndSaleAgreement" unitRef="BRL" id="Tag314" decimals="-3" scale="3" format="ixt:num-dot-decimal">237,500</ix:nonFraction> subject to working capital and net debt adjustments. The purchase price includes the transaction amount, including estimated working capital and net debt adjustments. The transaction was paid in a single installment of R$ <ix:nonFraction contextRef="D20230701_UltracargoLogisticaSAMember_OplaGroupMember" name="ifrs-full:ConsiderationPaidReceived" unitRef="BRL" id="Tag303" decimals="-3" scale="3" format="ixt:num-dot-decimal">210,096</ix:nonFraction> on July 1, 2023. The Company, based on applicable accounting standards and supported by an independent appraisal firm, calculated the definitive amounts for the purchase price allocation as of June 30, 2024, and determined the final goodwill in the amount of R$ <ix:nonFraction contextRef="I20240630_UltracargoLogisticaSAMember_OplaGroupMember" name="ifrs-full:GoodwillRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1989" decimals="-3" scale="3" format="ixt:num-dot-decimal">117,306</ix:nonFraction>.</span> </p>
<ix:nonNumeric contextRef="D20241231_OplaGroupMember" name="ifrs-full:DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" id="Tag26" escape="true">
<p style="margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The following table summarizes the balances of assets acquired and liabilities at fair value at the acquisition date, including goodwill determination:</span> </p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 89%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash and cash equivalents </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230701_UltracargoLogisticaSAMember_OplaGroupMember" name="ifrs-full:CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag321" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,248</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade receivables </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230701_UltracargoLogisticaSAMember_OplaGroupMember" name="ifrs-full:FairValueOfAcquiredReceivables" unitRef="BRL" id="Tag302" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,107</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Recoverable taxes </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230701_UltracargoLogisticaSAMember_OplaGroupMember" name="ugp:TaxAssetsRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1960" decimals="-3" scale="3" format="ixt:num-dot-decimal">402</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other receivables and other assets </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230701_UltracargoLogisticaSAMember_OplaGroupMember" name="ugp:OtherReceivablesAndOtherAssetsRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag316" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,057</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Property, plant and equipment, net </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230701_UltracargoLogisticaSAMember_OplaGroupMember" name="ifrs-full:PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag511" decimals="-3" scale="3" format="ixt:num-dot-decimal">248,951</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Intangible assets, net </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230701_UltracargoLogisticaSAMember_OplaGroupMember" name="ifrs-full:IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag308" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,441</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Liabilities </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Loans and financing </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230701_UltracargoLogisticaSAMember_OplaGroupMember" name="ifrs-full:BorrowingsRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1982" decimals="-3" scale="3" format="ixt:num-dot-decimal">44,568</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade payables </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230701_UltracargoLogisticaSAMember_OplaGroupMember" name="ifrs-full:TradeAndOtherPayablesRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag309" decimals="-3" scale="3" format="ixt:num-dot-decimal">911</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Salaries and related charges </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230701_UltracargoLogisticaSAMember_OplaGroupMember" name="ugp:EmployeeBenefitLiabilitiesRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1978" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,430</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Taxes payable, income and social contribution taxes payable </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230701_UltracargoLogisticaSAMember_OplaGroupMember" name="ugp:TaxLiabilitiesRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1943" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,974</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other payables </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230701_UltracargoLogisticaSAMember_OplaGroupMember" name="ugp:OtherPayablesRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1952" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,743</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Fair value of investee&#8217;s assets and liabilities </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 17px; background-color: #cceeff; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20230701_UltracargoLogisticaSAMember_OplaGroupMember" name="ugp:FairValueOfInvesteesAssetsAndLiabilitiesRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag1975" decimals="-3" scale="3" format="ixt:num-dot-decimal">185,580</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Fair value of assets and liabilities according to Ultracargo's interest </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230701_UltracargoLogisticaSAMember_OplaGroupMember" name="ugp:FairValueOfAssetsAndLiabilitiesAccordingToSubsidiariesInterestRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag304" decimals="-3" scale="3" format="ixt:num-dot-decimal">92,790</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill based on expected future profitability </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; height: 16px; background-color: #cceeff; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230701_UltracargoLogisticaSAMember_OplaGroupMember" name="ifrs-full:GoodwillRecognisedAsOfAcquisitionDate" unitRef="BRL" id="Tag512" decimals="-3" scale="3" format="ixt:num-dot-decimal">117,306</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Acquisition value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20230701_UltracargoLogisticaSAMember_OplaGroupMember" name="ifrs-full:IdentifiableAssetsAcquiredLiabilitiesAssumed" unitRef="BRL" id="Tag1933" decimals="-3" scale="3" format="ixt:num-dot-decimal">210,096</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> </div> </ix:nonNumeric>
<p style="margin: 9pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The goodwill determined on the operation is based on the expected future profitability and on the synergy with the operations of Ultracargo, supported by the appraisal report, after allocation of the identified assets. The goodwill is expected to be deductible for income tax purposes.</span> </p>
<ix:nonNumeric contextRef="D20241231_OplaGroupMember" name="ugp:ScheduleOfAcquiredIntangibleAssetsThatWereNotRecognizedInBooksOfAcquiredEntityTableTextBlock" id="Tag169" escape="true">
<p style="margin: 0pt 0pt 9pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In the process of identifying assets and liabilities, intangible assets that were not recognized in the books of the acquired entity were also considered, as shown below:</span> </p>
<div id="t_ft_LKSJ704VV400000000000000000000b">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 59px; width: 100.039%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> R$ </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Useful life </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Amortization method </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 57%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Licenses </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 16px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230701_UltracargoLogisticaSAMember_OplaGroupMember_LicencesMember" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag1926" decimals="-3" scale="3" format="ixt:num-dot-decimal">612</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1%; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 16px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20230701_UltracargoLogisticaSAMember_OplaGroupMember_LicencesMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" id="Tag294" format="ixt-sec:duryear">5</ix:nonNumeric> years </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 16px; width: 20%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20230701_UltracargoLogisticaSAMember_OplaGroupMember_LicencesMember" name="ifrs-full:AmortisationMethodIntangibleAssetsOtherThanGoodwill" id="Tag301" escape="false">Straight line</ix:nonNumeric> </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Customer list and relationship </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="I20230701_UltracargoLogisticaSAMember_OplaGroupMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag1979" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,609</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20230701_UltracargoLogisticaSAMember_OplaGroupMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" id="Tag318" format="ixt-sec:duryear">6</ix:nonNumeric> years </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonNumeric contextRef="D20230701_UltracargoLogisticaSAMember_OplaGroupMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:AmortisationMethodIntangibleAssetsOtherThanGoodwill" id="Tag1925" escape="false">Straight line</ix:nonNumeric> </span></p> </td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <ix:nonFraction contextRef="I20230701_UltracargoLogisticaSAMember_OplaGroupMember" name="ifrs-full:IntangibleAssetsOtherThanGoodwill" unitRef="BRL" id="Tag1964" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,221</ix:nonFraction> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td> </tr> </tbody> </table> </div> </ix:nonNumeric> </div> </ix:nonNumeric> </div>
<div style="line-height: 1.2;"><br/></div> </div> </div>
<div style="line-height: 1.2;">
<div>
<div id="t_ft_UNLR2SVMDC00000000000000000000b">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
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<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-91</span></span></td> </tr> </tbody> </table> </div>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div> </div><table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, 2023 and 2022</span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><br/></td> </tr> </tbody> </table>
<div id="D1bwh2l68m63i72wbuhf7he" style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><br/></p>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" id="Tag820" escape="true">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bnd998_18320251520521" class="customBookmark"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span>28</span>. Discontinued operations</span></a></div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; line-height: 1.2;"><br/></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The transactions of Oxiteno and Extrafarma sale were concluded on April 1, 2022 and August 1, 2022, respectively. The Company accounted for the disposal of investments in accordance with the international standard IFRS <span>5</span> &#8208; Non-current Assets Held for Sale and Discontinued Operations, which require recognizing any assets and liabilities as &#8220;Held&#8208;for&#8208;sale assets&#8221; and &#8220;Liabilities related to held&#8208;for&#8208;sale assets&#8221; in the balance sheet and reporting the income (loss) of the companies sold up to the sale date, as well as the gain (loss) from the sale of the investments, as &#8220;Discontinued operations&#8221; in the statement of income. </span></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The divestments of Oxiteno and Extrafarma are aligned with Ultrapar's portfolio review. With a more complementary and synergistic businesses, Ultrapar concludes the rationalization phase of its portfolio and will now concentrate on developing investment opportunities in the verticals of energy and infrastructure, with increasing focus on energy transition, leveraged by its portfolio and expertise. In this context, the Company announced in <span>2021</span> the contracts signing described below and classified these transactions as discontinued operations.</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The tables of discontinued operation are detailed below and include the profit or loss incurred throughout <span>2022</span>, when applicable. Eliminations refer to intercompany transactions, substantially represented by purchase and sale transactions, effects on the profit or loss of foreign debts contemplating hedging instruments, among others.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfAnalysisOfSingleAmountOfDiscontinuedOperationsExplanatory" id="Tag817" escape="true">
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">a.</span> The results and cash flows from discontinued operations for the year ended December 31, 2022, are shown below:</span></p>
<div id="t_ft_PKQWPYF3O000000000000000000000b">
<table cellspacing="0" cellpadding="0" style="height: 217px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Oxiteno </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Extrafarma </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Eliminations (*) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Ultrapar </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 41%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Net revenue from sales and services </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_OxitenoIndustriaComercioMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3079" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,039,287</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_ExtrafarmaMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3424" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,235,487</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3432" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7,241</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltraparMember_DiscontinuedOperationsMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3414" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember" name="ifrs-full:Revenue" unitRef="BRL" id="Tag3463" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,267,533</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost of products and services sold </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_OxitenoIndustriaComercioMember" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag3413" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,580,000</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_ExtrafarmaMember" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag3435" decimals="-3" scale="3" format="ixt:num-dot-decimal">912,310</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag3416" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7,241</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltraparMember_DiscontinuedOperationsMember" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag2988" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember" name="ifrs-full:CostOfSales" unitRef="BRL" id="Tag3470" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,485,069</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Gross profit </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_OxitenoIndustriaComercioMember" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag3402" decimals="-3" scale="3" format="ixt:num-dot-decimal">459,287</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_ExtrafarmaMember" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag3459" decimals="-3" scale="3" format="ixt:num-dot-decimal">323,177</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag3423" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltraparMember_DiscontinuedOperationsMember" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag3412" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember" name="ifrs-full:GrossProfit" unitRef="BRL" id="Tag3444" decimals="-3" scale="3" format="ixt:num-dot-decimal">782,464</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Selling, marketing and administrative </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_OxitenoIndustriaComercioMember" name="ifrs-full:SalesAndMarketingExpense" unitRef="BRL" id="Tag3137" decimals="-3" scale="3" format="ixt:num-dot-decimal">201,365</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_ExtrafarmaMember" name="ifrs-full:SalesAndMarketingExpense" unitRef="BRL" id="Tag3403" decimals="-3" scale="3" format="ixt:num-dot-decimal">438,601</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:SalesAndMarketingExpense" unitRef="BRL" id="Tag3454" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltraparMember_DiscontinuedOperationsMember" name="ifrs-full:SalesAndMarketingExpense" unitRef="BRL" id="Tag3469" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember" name="ifrs-full:SalesAndMarketingExpense" unitRef="BRL" id="Tag3465" decimals="-3" scale="3" format="ixt:num-dot-decimal">639,966</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other operating income (expenses), net </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_OxitenoIndustriaComercioMember" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag3434" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,736</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_ExtrafarmaMember" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag3011" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,951</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag3396" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltraparMember_DiscontinuedOperationsMember" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag3391" decimals="-3" scale="3" format="ixt:num-dot-decimal">241,325</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember" name="ifrs-full:OtherOperatingIncomeExpense" unitRef="BRL" id="Tag3425" decimals="-3" scale="3" format="ixt:num-dot-decimal">246,110</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Operating income (loss) </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_OxitenoIndustriaComercioMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag5071" decimals="-3" scale="3" format="ixt:num-dot-decimal">268,658</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_ExtrafarmaMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag3431" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">121,375</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_EliminationOfIntersegmentAmountsMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag3405" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltraparMember_DiscontinuedOperationsMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag3406" decimals="-3" scale="3" format="ixt:num-dot-decimal">241,325</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" unitRef="BRL" id="Tag3394" decimals="-3" scale="3" format="ixt:num-dot-decimal">388,608</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Share of profit (loss) of subsidiaries, joint ventures and associates </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_OxitenoIndustriaComercioMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3404" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">231</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_ExtrafarmaMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3421" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3472" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltraparMember_DiscontinuedOperationsMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3438" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" unitRef="BRL" id="Tag3457" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">231</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; background-color: #cceeff; height: 17px;">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Income (loss) before financial result and income and social contribution taxes </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_OxitenoIndustriaComercioMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag3443" decimals="-3" scale="3" format="ixt:num-dot-decimal">268,427</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_ExtrafarmaMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag3430" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">121,375</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_EliminationOfIntersegmentAmountsMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag3467" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltraparMember_DiscontinuedOperationsMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag3410" decimals="-3" scale="3" format="ixt:num-dot-decimal">241,325</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember" name="ugp:OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" unitRef="BRL" id="Tag3471" decimals="-3" scale="3" format="ixt:num-dot-decimal">388,377</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financial result, net </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_OxitenoIndustriaComercioMember" name="ifrs-full:FinanceIncomeCost" unitRef="BRL" id="Tag3399" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,153</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_ExtrafarmaMember" name="ifrs-full:FinanceIncomeCost" unitRef="BRL" id="Tag3388" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">25,059</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:FinanceIncomeCost" unitRef="BRL" id="Tag3439" decimals="-3" scale="3" format="ixt:num-dot-decimal">54,431</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltraparMember_DiscontinuedOperationsMember" name="ifrs-full:FinanceIncomeCost" unitRef="BRL" id="Tag3429" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember" name="ifrs-full:FinanceIncomeCost" unitRef="BRL" id="Tag3415" decimals="-3" scale="3" format="ixt:num-dot-decimal">52,525</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Income (loss) before income and social contribution taxes </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_OxitenoIndustriaComercioMember" name="ifrs-full:ProfitLossBeforeTax" unitRef="BRL" id="Tag4677" decimals="-3" scale="3" format="ixt:num-dot-decimal">291,580</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_ExtrafarmaMember" name="ifrs-full:ProfitLossBeforeTax" unitRef="BRL" id="Tag3453" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">146,434</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:ProfitLossBeforeTax" unitRef="BRL" id="Tag3456" decimals="-3" scale="3" format="ixt:num-dot-decimal">54,431</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltraparMember_DiscontinuedOperationsMember" name="ifrs-full:ProfitLossBeforeTax" unitRef="BRL" id="Tag3442" decimals="-3" scale="3" format="ixt:num-dot-decimal">241,325</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember" name="ifrs-full:ProfitLossBeforeTax" unitRef="BRL" id="Tag5014" decimals="-3" scale="3" format="ixt:num-dot-decimal">440,902</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Income and social contribution taxes </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_OxitenoIndustriaComercioMember" name="ifrs-full:TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesOfDiscontinuedOperations" unitRef="BRL" id="Tag3422" decimals="-3" scale="3" format="ixt:num-dot-decimal">16,924</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_ExtrafarmaMember" name="ifrs-full:TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesOfDiscontinuedOperations" unitRef="BRL" id="Tag3411" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">20,826</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesOfDiscontinuedOperations" unitRef="BRL" id="Tag3401" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,507</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_UltraparMember_DiscontinuedOperationsMember" name="ifrs-full:TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesOfDiscontinuedOperations" unitRef="BRL" id="Tag3392" decimals="-3" scale="3" format="ixt:num-dot-decimal">202,895</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember" name="ifrs-full:TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesOfDiscontinuedOperations" unitRef="BRL" id="Tag3466" decimals="-3" scale="3" format="ixt:num-dot-decimal">217,500</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; background-color: #cceeff; height: 17px;">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net effect of cessation of depreciation (i) </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_OxitenoIndustriaComercioMember" name="ugp:CessationOfDepreciationOnDisposalOfInvestments" unitRef="BRL" id="Tag3451" decimals="-3" scale="3" format="ixt:num-dot-decimal">51,372</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_ExtrafarmaMember" name="ugp:CessationOfDepreciationOnDisposalOfInvestments" unitRef="BRL" id="Tag3150" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,084</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_EliminationOfIntersegmentAmountsMember" name="ugp:CessationOfDepreciationOnDisposalOfInvestments" unitRef="BRL" id="Tag3390" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltraparMember_DiscontinuedOperationsMember" name="ugp:CessationOfDepreciationOnDisposalOfInvestments" unitRef="BRL" id="Tag3417" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember" name="ugp:CessationOfDepreciationOnDisposalOfInvestments" unitRef="BRL" id="Tag3395" decimals="-3" scale="3" format="ixt:num-dot-decimal">78,456</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Net income (loss) for the year </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_OxitenoIndustriaComercioMember" name="ifrs-full:ProfitLossFromDiscontinuedOperations" unitRef="BRL" id="Tag3387" decimals="-3" scale="3" format="ixt:num-dot-decimal">326,028</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_ExtrafarmaMember" name="ifrs-full:ProfitLossFromDiscontinuedOperations" unitRef="BRL" id="Tag3450" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">98,524</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: bottom; height: 10px; background-color: #cceeff;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:ProfitLossFromDiscontinuedOperations" unitRef="BRL" id="Tag3462" decimals="-3" scale="3" format="ixt:num-dot-decimal">35,924</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_UltraparMember_DiscontinuedOperationsMember" name="ifrs-full:ProfitLossFromDiscontinuedOperations" unitRef="BRL" id="Tag3426" decimals="-3" scale="3" format="ixt:num-dot-decimal">38,430</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember" name="ifrs-full:ProfitLossFromDiscontinuedOperations" unitRef="BRL" id="Tag3409" decimals="-3" scale="3" format="ixt:num-dot-decimal">301,858</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p>
<div id="t_ft_WG0YB6F64G00000000000000000000b">
<table style="width: 100%; height: 27px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr style="height: 17px;">
<td style="width: 3%; text-align: center; height: 17px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(*)</span></td>
<td style="width: 97%; height: 17px; vertical-align: top;" valign="top">
<p style="margin: 0pt; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 1.2; text-align: justify;"><span><ix:footnote xml:lang="en-US" id="footnote60" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Elimination between continuing and discontinued operations related to the intercompany loan between Ultrapar International and Oxiteno.</span></ix:footnote></span><br/></p> </td> </tr>
<tr style="height: 10px;">
<td style="text-align: center; height: 10px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">(i)</span></td>
<td style="height: 10px; vertical-align: top; text-align: justify;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote61" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">As of January 1, 2022, the depreciation and amortization of assets classified as held for sale ceased, in compliance with item <span>25</span> of IFRS <span>5</span>.</span></ix:footnote></span></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; line-height: 1.2;"><br/></p>
<div id="t_ft_TCKLWJKOPS00000000000000000000b">
<table cellspacing="0" cellpadding="0" style="height: 86px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">
<tbody>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Oxiteno </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Extrafarma </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Eliminations </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2022 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 53%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Net cash (consumed) provided by operating activities </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_OxitenoIndustriaComercioMember" name="ifrs-full:CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" unitRef="BRL" id="Tag3436" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">81,558</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1%;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_ExtrafarmaMember" name="ifrs-full:CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" unitRef="BRL" id="Tag3418" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">68,370</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1%;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" unitRef="BRL" id="Tag3461" decimals="-3" scale="3" format="ixt:num-dot-decimal">180,478</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember" name="ifrs-full:CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" unitRef="BRL" id="Tag3455" decimals="-3" scale="3" format="ixt:num-dot-decimal">30,550</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Net cash (consumed) provided by investing activities </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_OxitenoIndustriaComercioMember" name="ifrs-full:CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" unitRef="BRL" id="Tag3428" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,011,736</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_ExtrafarmaMember" name="ifrs-full:CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" unitRef="BRL" id="Tag3446" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">25,323</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">)</td>
<td style="padding: 0px; vertical-align: bottom;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" unitRef="BRL" id="Tag3441" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,206,603</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">)</td>
<td style="padding: 0px; vertical-align: bottom;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember" name="ifrs-full:CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" unitRef="BRL" id="Tag3420" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">220,190</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom;">)</td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Net cash (consumed) provided by financing activities </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_OxitenoIndustriaComercioMember" name="ifrs-full:CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations" unitRef="BRL" id="Tag3452" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,245,754</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; background-color: #cceeff;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_ExtrafarmaMember" name="ifrs-full:CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations" unitRef="BRL" id="Tag3437" decimals="-3" scale="3" format="ixt:num-dot-decimal">40,585</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_EliminationOfIntersegmentAmountsMember" name="ifrs-full:CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations" unitRef="BRL" id="Tag3447" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,026,144</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember" name="ifrs-full:CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations" unitRef="BRL" id="Tag3448" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">179,025</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff;">)</td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Effect of exchange rate variation on cash and cash equivalents in foreign currency </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_OxitenoIndustriaComercioMember" name="ugp:EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations" unitRef="BRL" id="Tag3468" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">19,316</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 15px;">)</td>
<td style="padding: 0px; vertical-align: bottom;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_ExtrafarmaMember" name="ugp:EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations" unitRef="BRL" id="Tag3433" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_EliminationOfIntersegmentAmountsMember" name="ugp:EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations" unitRef="BRL" id="Tag3400" decimals="-3" scale="3" format="ixt:fixed-zero">&#8208;</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember" name="ugp:EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations" unitRef="BRL" id="Tag3573" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">19,316</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Increase (decrease) in cash and cash equivalents </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_OxitenoIndustriaComercioMember" name="ugp:IncreaseDecreaseInCashAndCashEquivalentsIncludingEffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations" unitRef="BRL" id="Tag3458" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">334,892</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; vertical-align: bottom; height: 16px; background-color: #cceeff;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_ExtrafarmaMember" name="ugp:IncreaseDecreaseInCashAndCashEquivalentsIncludingEffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations" unitRef="BRL" id="Tag3427" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">53,108</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; vertical-align: bottom; height: 16px; background-color: #cceeff;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember_EliminationOfIntersegmentAmountsMember" name="ugp:IncreaseDecreaseInCashAndCashEquivalentsIncludingEffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations" unitRef="BRL" id="Tag3464" decimals="-3" scale="3" format="ixt:num-dot-decimal">19</ix:nonFraction> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember" name="ugp:IncreaseDecreaseInCashAndCashEquivalentsIncludingEffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations" unitRef="BRL" id="Tag3397" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">387,981</ix:nonFraction> </span></p> </td>
<td style="padding: 0px 0px 1px; vertical-align: bottom; background-color: #cceeff;">)</td> </tr> </tbody> </table> </div> </ix:nonNumeric>
<p style="margin: 10pt 0pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In the Parent, the proceeds from the sale of Oxiteno and the share of profit (loss) of investees Oxiteno and Extrafarma, net of transactions with related parties, had an impact of R$ <ix:nonFraction contextRef="D20221231_DiscontinuedOperationsMember" name="ifrs-full:ProfitLossFromDiscontinuedOperations" unitRef="BRL" id="Tag3407" decimals="-3" scale="3" format="ixt:num-dot-decimal">301,858</ix:nonFraction> in <span>2022</span>, classified as income from discontinued operations in the consolidated financial statements.</span></p> </ix:nonNumeric>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-92</span></span></td> </tr> </tbody> </table> </div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div> </div> </div> </div><div id="Didd44gf2q48kj51gaxwlo" style="font-family: 'times new roman', times; font-size: 10pt;">
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<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;" rowspan="2"><img src="img380f5822f2a5477aad80.jpg" alt="Graphics"/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
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<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
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<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p>
<ix:nonNumeric contextRef="D20241231" name="ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory" id="Tag4023" escape="true">
<div>
<div style="background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="BJKB29_142202519525883" class="customBookmark"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #ffffff; font-weight: bold; line-height: inherit;"><span>29</span></span><span style="color: #ffffff; font-weight: bold; line-height: inherit;">. Events after the reporting period</span></span></a></div>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Issuing of foreign loan by Ultragaz</span><span style="font-size: 10pt; text-indent: 0pt; line-height: inherit;">&#160;</span></p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On February 14, 2025, the subsidiary Cia Ultragaz realized the issuing of foreign loan (without financial covenants) on the amount of USD <ix:nonFraction contextRef="I20250214_MajorBorrowingsMember_ForeignLoansMember_CiaUltragazMember" name="ifrs-full:NotionalAmount" unitRef="USD" id="Tag1184" decimals="-3" scale="3" format="ixt:num-dot-decimal">100,000</ix:nonFraction> (equivalent to R$ <ix:nonFraction contextRef="I20250214_MajorBorrowingsMember_ForeignLoansMember_CiaUltragazMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag1183" decimals="-3" scale="3" format="ixt:num-dot-decimal">577,880</ix:nonFraction> on transaction moment), with financial charges of <span style="border-left: none; border-right: none;"><ix:nonNumeric contextRef="D20250214_MajorBorrowingsMember_CiaUltragazMember_ForeignLoansMember" name="ifrs-full:BorrowingsInterestRateBasis" id="Tag1179" escape="false">SOFR</ix:nonNumeric> + <span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="I20250214_MajorBorrowingsMember_ForeignLoansMember_CiaUltragazMember" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag1178" decimals="4" scale="-2" format="ixt:num-dot-decimal">0.91</ix:nonFraction></span>% p.a.</span> and maturing on <ix:nonNumeric contextRef="D20250214_MajorBorrowingsMember_CiaUltragazMember_ForeignLoansMember" name="ifrs-full:BorrowingsMaturity" id="Tag251" escape="false">February 13, 2026</ix:nonNumeric>. The subsidiary entered into hedging instruments against foreign exchange and interest rate variations on american dollar, changing financial charges to <ix:nonFraction contextRef="I20250214_MajorBorrowingsMember_CiaUltragazMember_ForeignLoansMember_BrazilianRealPerUSDollarMember" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag1181" decimals="4" scale="-2" format="ixt:num-dot-decimal">102.90</ix:nonFraction>% of <ix:nonNumeric contextRef="D20250214_MajorBorrowingsMember_CiaUltragazMember_ForeignLoansMember_BrazilianRealPerUSDollarMember" name="ifrs-full:BorrowingsInterestRateBasis" id="Tag1182" escape="false">DI</ix:nonNumeric>.</span><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Issuing of constitutional fund by Ultracargo</span><span style="font-size: 10pt; text-indent: 0pt; line-height: inherit;">&#160;</span></p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On February 6, 2025, the subsidiary Ultracargo Log&#237;stica realized the issuing of Northeast region constitutional fund (without financial covenants) on the amount of R$ <ix:nonFraction contextRef="I20250206_MajorBorrowingsMember_UltracargoLogisticaSAMember_NortheastRegionConstitutionalFundMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag1177" decimals="-3" scale="3" format="ixt:num-dot-decimal">100,976</ix:nonFraction>, with financial charges of <span style="border-left: none; border-right: none;"><ix:nonNumeric contextRef="D20250206_MajorBorrowingsMember_UltracargoLogisticaSAMember_NortheastRegionConstitutionalFundMember" name="ifrs-full:BorrowingsInterestRateBasis" id="Tag1176" escape="false">IPCA</ix:nonNumeric> + <ix:nonFraction contextRef="I20250206_MajorBorrowingsMember_UltracargoLogisticaSAMember_NortheastRegionConstitutionalFundMember" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag385" decimals="4" scale="-2" format="ixt:num-dot-decimal">2.93</ix:nonFraction>% p.a.</span> and maturing on <span style="border-left: none; border-right: none;"><ix:nonNumeric contextRef="D20250206_MajorBorrowingsMember_UltracargoLogisticaSAMember_NortheastRegionConstitutionalFundMember" name="ifrs-full:BorrowingsMaturity" id="Tag387" escape="false">November 15, 2041</ix:nonNumeric></span>. The subsidiary entered into hedging instruments changing financial charges to <ix:nonFraction contextRef="I20250206_MajorBorrowingsMember_UltracargoLogisticaSAMember_NortheastRegionConstitutionalFundMember_BrazilianRealPerUSDollarMember" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag1175" decimals="4" scale="-2" format="ixt:num-dot-decimal">69.65</ix:nonFraction>% of <ix:nonNumeric contextRef="D20250206_MajorBorrowingsMember_UltracargoLogisticaSAMember_NortheastRegionConstitutionalFundMember_BrazilianRealPerUSDollarMember" name="ifrs-full:BorrowingsInterestRateBasis" id="Tag384" escape="false">DI</ix:nonNumeric>.</span><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Issuance of shares</span><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On February 26, 2025, the Company&#8217;s Board of Directors confirmed the issuance of <ix:nonFraction contextRef="I20250226_MajorOrdinaryShareTransactionsMember" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" unitRef="Shares" id="Tag1185" decimals="0" format="ixt:num-dot-decimal">67,679</ix:nonFraction> common shares within the authorized capital limit provided by art. <span>6</span> of the Company's Bylaws, due to the partial exercise of the rights conferred by the subscription warrants issued by the Company when the merger of all Extrafarma shares by the Company, approved by the extraordinary general meeting of the Company held in January 31, 2014. The share capital of the Company will therefore be represented by <ix:nonFraction contextRef="I20250418_MajorOrdinaryShareTransactionsMember" name="ifrs-full:NumberOfSharesIssuedAndFullyPaid" unitRef="Shares" id="Tag1180" decimals="0" format="ixt:num-dot-decimal">1,115,507,182</ix:nonFraction> common shares, all of which are registered and without par value. The issuance of shares resulting to partial exercise of subscription warrants do not generate increase of share capital value, since the entirety of Extrafarma&#8217;s assets was already reflected in the Ultrapar financial position on the act of incorporation of shares.</span></p>
<p style="margin: 10pt 0pt; line-height: 1.2; font-size: 12pt; font-family: Aptos, sans-serif; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; break-after: avoid; break-inside: avoid; line-height: inherit;">d. Issuance of Debentures by Ultracargo</span></p>
<p style="margin: 0in 0in 8pt; line-height: 1.2; font-size: 10pt; font-family: Aptos, sans-serif; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On March 31, 2025, the subsidiary Ultracargo issued its 4th
series of debentures (without financial covenants), amounting to R$ <ix:nonFraction contextRef="I20250331_MajorBorrowingsMember_UltracargoLogisticaSAMember_DebenturesFourthIssueMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag197" decimals="-3" scale="3" format="ixt:num-dot-decimal">350,000</ix:nonFraction>,
with financial charges of <ix:nonNumeric contextRef="D20250331_MajorBorrowingsMember_UltracargoLogisticaSAMember_DebenturesFourthIssueMember" name="ugp:LoanIndexCurrency" id="Tag161" escape="false">USD</ix:nonNumeric> +<ix:nonFraction contextRef="I20250331_MajorBorrowingsMember_UltracargoLogisticaSAMember_DebenturesFourthIssueMember" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag189" decimals="4" scale="-2" format="ixt:num-dot-decimal">5.32</ix:nonFraction>% per year and maturity on <ix:nonNumeric contextRef="D20250331_MajorBorrowingsMember_UltracargoLogisticaSAMember_DebenturesFourthIssueMember" name="ifrs-full:BorrowingsMaturity" id="Tag196" escape="false">April 2, 2026</ix:nonNumeric>.
The subsidiary contracted instruments to hedge against U.S. dollar interest
rates and currency fluctuation, converting the financial charges to <ix:nonFraction contextRef="I20250331_MajorBorrowingsMember_UltracargoLogisticaSAMember_DebenturesFourthIssueMember" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag200" decimals="4" scale="-2" format="ixt:num-dot-decimal">101.65</ix:nonFraction>% of
the <ix:nonNumeric contextRef="D20250331_MajorBorrowingsMember_UltracargoLogisticaSAMember_DebenturesFourthIssueMember" name="ifrs-full:BorrowingsInterestRateBasis" id="Tag198" escape="false">DI</ix:nonNumeric> rate.</span></p>
<p style="margin: 10pt 0pt; line-height: 1.2; font-size: 12pt; font-family: Aptos, sans-serif; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; break-after: avoid; break-inside: avoid; line-height: inherit;">e. Foreign Loan obtained by Ipiranga</span></p>
<p style="margin: 0in 0in 8pt; line-height: 1.2; font-size: 10pt; font-family: 'times new roman', times; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On April 4, 2025, the subsidiary Ipiranga secured a Foreign
Loan (without financial covenants) amounting to USD <ix:nonFraction contextRef="I20250404_MajorBorrowingsMember_IpirangaProdutosdePetroleoSAMember_ForeignLoansMember" name="ifrs-full:NotionalAmount" unitRef="USD" id="Tag191" decimals="-3" scale="3" format="ixt:num-dot-decimal">86,956</ix:nonFraction> (equivalent to R$
<ix:nonFraction contextRef="I20250404_MajorBorrowingsMember_IpirangaProdutosdePetroleoSAMember_ForeignLoansMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag190" decimals="-3" scale="3" format="ixt:num-dot-decimal">500,000</ix:nonFraction> at the time of the transaction), with financial charges of <ix:nonNumeric contextRef="D20250404_MajorBorrowingsMember_IpirangaProdutosdePetroleoSAMember_ForeignLoansMember" name="ugp:LoanIndexCurrency" id="Tag182" escape="false">USD</ix:nonNumeric> +<ix:nonFraction contextRef="I20250404_MajorBorrowingsMember_IpirangaProdutosdePetroleoSAMember_ForeignLoansMember" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag199" decimals="6" scale="-2" format="ixt:num-dot-decimal">4.0154</ix:nonFraction>%
per year and maturity on <ix:nonNumeric contextRef="D20250404_MajorBorrowingsMember_IpirangaProdutosdePetroleoSAMember_ForeignLoansMember" name="ifrs-full:BorrowingsMaturity" id="Tag195" escape="false">April 2, 2026</ix:nonNumeric>. The subsidiary took measures to hedge
against U.S. dollar interest rates and currency changes, converting the
financial charges to <ix:nonFraction contextRef="I20250404_MajorBorrowingsMember_IpirangaProdutosdePetroleoSAMember_ForeignLoansMember" name="ifrs-full:BorrowingsAdjustmentToInterestRateBasis" unitRef="Pure" id="Tag183" decimals="4" scale="-2" format="ixt:num-dot-decimal">103.80</ix:nonFraction>% of the <ix:nonNumeric contextRef="D20250404_MajorBorrowingsMember_IpirangaProdutosdePetroleoSAMember_ForeignLoansMember" name="ifrs-full:BorrowingsInterestRateBasis" id="Tag194" escape="false">DI</ix:nonNumeric> rate. The funds from this operation were
used to prepay the CCB Trade related debt of R$ <ix:nonFraction contextRef="D20250404_MajorBorrowingsMember_IpirangaProdutosdePetroleoSAMember_ForeignLoansMember" name="ugp:PrepaymentOfTradeRelatedDebt" unitRef="BRL" id="Tag193" decimals="-3" scale="3" format="ixt:num-dot-decimal">500,000</ix:nonFraction>.</span></p>
<p style="margin: 10pt 0pt; line-height: 1.2; font-size: 12pt; font-family: Aptos, sans-serif; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; break-after: avoid; break-inside: avoid; line-height: inherit;">f. Constitutional Fund Financing by Ultracargo</span></p>
<p style="margin: 0in 0in 8pt; line-height: 1.2; font-size: 10pt; font-family: 'times new roman', times; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On April 10, 2025, the subsidiary Ultracargo Log&#237;stica
secured financing from the North Region Constitutional Fund (without financial
covenants), amounting to R$ <ix:nonFraction contextRef="I20250410_MajorBorrowingsMember_UltracargoLogisticaSAMember_NortheastRegionConstitutionalFundMember" name="ifrs-full:NotionalAmount" unitRef="BRL" id="Tag192" decimals="-3" scale="3" format="ixt:num-dot-decimal">106,430</ix:nonFraction>, with financial charges of <ix:nonNumeric contextRef="D20250410_MajorBorrowingsMember_UltracargoLogisticaSAMember_NortheastRegionConstitutionalFundMember" name="ugp:LoanIndexCurrency" id="Tag188" escape="false">IPCA</ix:nonNumeric> + <ix:nonFraction contextRef="I20250410_MajorBorrowingsMember_UltracargoLogisticaSAMember_NortheastRegionConstitutionalFundMember" name="ifrs-full:BorrowingsInterestRate" unitRef="Pure" id="Tag186" decimals="4" scale="-2" format="ixt:num-dot-decimal">3.15</ix:nonFraction>% per
year and maturity on <ix:nonNumeric contextRef="D20250410_MajorBorrowingsMember_UltracargoLogisticaSAMember_NortheastRegionConstitutionalFundMember" name="ifrs-full:BorrowingsMaturity" id="Tag185" escape="false">February 15, 2037</ix:nonNumeric>.</span></p>
<p style="margin: 10pt 0pt; line-height: 1.2; font-size: 12pt; font-family: 'times new roman', times; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; break-after: avoid; break-inside: avoid; line-height: inherit;">g. Increase in share capital through statutory reserve</span></p>
<p style="margin: 10pt 0pt 0pt; line-height: 1.2; font-size: 10pt; font-family: 'times new roman', times; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On April 16, 2025, was approved on the Ordinary and
Extraordinary General Shareholders&#8217; Meeting (&#8220;OEGM&#8221;) approved by majority
votes, without amendments or exceptions, the increase of Company&#8217;s share
capital on the amount of R$ <ix:nonFraction contextRef="D20250416_MajorOrdinaryShareTransactionsMember" name="ifrs-full:IncreaseDecreaseThroughTransferToStatutoryReserve" unitRef="BRL" id="Tag201" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,365,348</ix:nonFraction>, without the issuance of new shares,
through the incorporation to the share capital of the resources recorded in the
statutory reserve for Investments.</span></p> </div> </ix:nonNumeric> </div>
<div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno"><span>F-93</span></span></td> </tr> </tbody> </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"/></div> </div> </div></div></body></html>
</XBRL>
</TEXT>
</DOCUMENT>
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end
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.DEF
<SEQUENCE>17
<FILENAME>ugp-20241231_def.xml
<DESCRIPTION>DEFINITION
<TEXT>
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PenaltyOnAdministrativeProceedings" xlink:label="ugp_PenaltyOnAdministrativeProceedings" xlink:title="ugp_PenaltyOnAdministrativeProceedings" />
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    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="ifrs-full_DisclosureOfContingentLiabilitiesLineItems" xlink:to="ugp_SurchargeRateOnNonEssentialProducts" xlink:title="Definition : ifrs-full_DisclosureOfContingentLiabilitiesLineItems to ugp_SurchargeRateOnNonEssentialProducts" xlink:type="arc" use="optional" order="28" xbrldt:closed="false" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfFinesReceived" xlink:label="ugp_NumberOfFinesReceived" xlink:title="ugp_NumberOfFinesReceived" />
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="ifrs-full_DisclosureOfContingentLiabilitiesLineItems" xlink:to="ugp_NumberOfFinesReceived" xlink:title="Definition : ifrs-full_DisclosureOfContingentLiabilitiesLineItems to ugp_NumberOfFinesReceived" xlink:type="arc" use="optional" order="30" xbrldt:closed="false" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PaymentsForIcmsTaxAssessment" xlink:label="ugp_PaymentsForIcmsTaxAssessment" xlink:title="ugp_PaymentsForIcmsTaxAssessment" />
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    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="ifrs-full_DisclosureOfContingentLiabilitiesLineItems" xlink:to="ugp_ContingentLiabilitiesForTaxAssessmentsOnSales" xlink:title="Definition : ifrs-full_DisclosureOfContingentLiabilitiesLineItems to ugp_ContingentLiabilitiesForTaxAssessmentsOnSales" xlink:type="arc" use="optional" order="32" xbrldt:closed="false" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ProvisionForIndemnitiesRelatedToLaborClaims" xlink:label="ugp_ProvisionForIndemnitiesRelatedToLaborClaims" xlink:title="ugp_ProvisionForIndemnitiesRelatedToLaborClaims" />
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="ifrs-full_DisclosureOfContingentLiabilitiesLineItems" xlink:to="ugp_ProvisionForIndemnitiesRelatedToLaborClaims" xlink:title="Definition : ifrs-full_DisclosureOfContingentLiabilitiesLineItems to ugp_ProvisionForIndemnitiesRelatedToLaborClaims" xlink:type="arc" use="optional" order="34" xbrldt:closed="false" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ProvisionForIndemnitiesRelatedToCivilClaims" xlink:label="ugp_ProvisionForIndemnitiesRelatedToCivilClaims" xlink:title="ugp_ProvisionForIndemnitiesRelatedToCivilClaims" />
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="ifrs-full_DisclosureOfContingentLiabilitiesLineItems" xlink:to="ugp_ProvisionForIndemnitiesRelatedToCivilClaims" xlink:title="Definition : ifrs-full_DisclosureOfContingentLiabilitiesLineItems to ugp_ProvisionForIndemnitiesRelatedToCivilClaims" xlink:type="arc" use="optional" order="35" xbrldt:closed="false" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ProvisionForIndemnitiesRelatedToTaxClaims" xlink:label="ugp_ProvisionForIndemnitiesRelatedToTaxClaims" xlink:title="ugp_ProvisionForIndemnitiesRelatedToTaxClaims" />
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="ifrs-full_DisclosureOfContingentLiabilitiesLineItems" xlink:to="ugp_ProvisionForIndemnitiesRelatedToTaxClaims" xlink:title="Definition : ifrs-full_DisclosureOfContingentLiabilitiesLineItems to ugp_ProvisionForIndemnitiesRelatedToTaxClaims" xlink:type="arc" use="optional" order="36" xbrldt:closed="false" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PercentageOfReceivablesFromAnActionForDamagesAsContingentAsset" xlink:label="ugp_PercentageOfReceivablesFromAnActionForDamagesAsContingentAsset" xlink:title="ugp_PercentageOfReceivablesFromAnActionForDamagesAsContingentAsset" />
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="ifrs-full_DisclosureOfContingentLiabilitiesLineItems" xlink:to="ugp_PercentageOfReceivablesFromAnActionForDamagesAsContingentAsset" xlink:title="Definition : ifrs-full_DisclosureOfContingentLiabilitiesLineItems to ugp_PercentageOfReceivablesFromAnActionForDamagesAsContingentAsset" xlink:type="arc" use="optional" order="37" xbrldt:closed="false" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ActionForDamagesAsContingentAssetInitialFixedAmountRecognized" xlink:label="ugp_ActionForDamagesAsContingentAssetInitialFixedAmountRecognized" xlink:title="ugp_ActionForDamagesAsContingentAssetInitialFixedAmountRecognized" />
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="ifrs-full_DisclosureOfContingentLiabilitiesLineItems" xlink:to="ugp_ActionForDamagesAsContingentAssetInitialFixedAmountRecognized" xlink:title="Definition : ifrs-full_DisclosureOfContingentLiabilitiesLineItems to ugp_ActionForDamagesAsContingentAssetInitialFixedAmountRecognized" xlink:type="arc" use="optional" order="38" xbrldt:closed="false" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ActionForDamagesAsContingentAssetAmountReceived" xlink:label="ugp_ActionForDamagesAsContingentAssetAmountReceived" xlink:title="ugp_ActionForDamagesAsContingentAssetAmountReceived" />
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="ifrs-full_DisclosureOfContingentLiabilitiesLineItems" xlink:to="ugp_ActionForDamagesAsContingentAssetAmountReceived" xlink:title="Definition : ifrs-full_DisclosureOfContingentLiabilitiesLineItems to ugp_ActionForDamagesAsContingentAssetAmountReceived" xlink:type="arc" use="optional" order="39" xbrldt:closed="false" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_EstimatedFinancialEffectOfContingentAssets" xlink:label="ifrs-full_EstimatedFinancialEffectOfContingentAssets" xlink:title="ifrs-full_EstimatedFinancialEffectOfContingentAssets" />
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="ifrs-full_DisclosureOfContingentLiabilitiesLineItems" xlink:to="ifrs-full_EstimatedFinancialEffectOfContingentAssets" xlink:title="Definition : ifrs-full_DisclosureOfContingentLiabilitiesLineItems to ifrs-full_EstimatedFinancialEffectOfContingentAssets" xlink:type="arc" use="optional" order="40" xbrldt:closed="false" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentOnEscrowDeposits" xlink:label="ugp_AdjustmentOnEscrowDeposits" xlink:title="ugp_AdjustmentOnEscrowDeposits" />
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="ifrs-full_DisclosureOfContingentLiabilitiesLineItems" xlink:to="ugp_AdjustmentOnEscrowDeposits" xlink:title="Definition : ifrs-full_DisclosureOfContingentLiabilitiesLineItems to ugp_AdjustmentOnEscrowDeposits" xlink:type="arc" use="optional" order="41" xbrldt:closed="false" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfContingentLiabilitiesTable" xlink:label="ifrs-full_DisclosureOfContingentLiabilitiesTable" xlink:title="ifrs-full_DisclosureOfContingentLiabilitiesTable" />
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="ifrs-full_DisclosureOfContingentLiabilitiesLineItems" xlink:to="ifrs-full_DisclosureOfContingentLiabilitiesTable" xlink:title="Definition : ifrs-full_DisclosureOfContingentLiabilitiesLineItems to ifrs-full_DisclosureOfContingentLiabilitiesTable" xlink:type="arc" order="42" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfProvisionsAxis" xlink:label="ifrs-full_ClassesOfProvisionsAxis" xlink:title="ifrs-full_ClassesOfProvisionsAxis" />
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="ifrs-full_DisclosureOfContingentLiabilitiesTable" xlink:to="ifrs-full_ClassesOfProvisionsAxis" xlink:title="Definition : ifrs-full_DisclosureOfContingentLiabilitiesTable to ifrs-full_ClassesOfProvisionsAxis" xlink:type="arc" use="optional" order="0" xbrldt:closed="false" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfOtherProvisionsDomain" xlink:label="ifrs-full_ClassesOfOtherProvisionsDomain" xlink:title="ifrs-full_ClassesOfOtherProvisionsDomain" />
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="ifrs-full_ClassesOfProvisionsAxis" xlink:to="ifrs-full_ClassesOfOtherProvisionsDomain" xlink:title="Definition : ifrs-full_ClassesOfProvisionsAxis to ifrs-full_ClassesOfOtherProvisionsDomain" xlink:type="arc" use="optional" order="0" xbrldt:closed="false" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PisAndCofinsStateVATMember" xlink:label="ugp_PisAndCofinsStateVATMember" xlink:title="ugp_PisAndCofinsStateVATMember" />
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="ifrs-full_ClassesOfOtherProvisionsDomain" xlink:to="ugp_PisAndCofinsStateVATMember" xlink:title="Definition : ifrs-full_ClassesOfOtherProvisionsDomain to ugp_PisAndCofinsStateVATMember" xlink:type="arc" use="optional" order="0" xbrldt:closed="false" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfOtherProvisionsDomain" xlink:label="ifrs-full_ClassesOfOtherProvisionsDomain_1" xlink:title="ifrs-full_ClassesOfOtherProvisionsDomain" />
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="ifrs-full_ClassesOfProvisionsAxis" xlink:to="ifrs-full_ClassesOfOtherProvisionsDomain_1" xlink:title="Definition : ifrs-full_ClassesOfProvisionsAxis to ifrs-full_ClassesOfOtherProvisionsDomain" xlink:type="arc" order="1" xbrldt:closed="false" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:label="ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:title="ifrs-full_CategoriesOfRelatedPartiesAxis" />
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="ifrs-full_DisclosureOfContingentLiabilitiesTable" xlink:to="ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:title="Definition : ifrs-full_DisclosureOfContingentLiabilitiesTable to ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:type="arc" use="optional" order="1" xbrldt:closed="false" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:label="ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:title="ifrs-full_CategoriesOfRelatedPartiesDomain" />
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:to="ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:title="Definition : ifrs-full_CategoriesOfRelatedPartiesAxis to ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:type="arc" use="optional" order="0" xbrldt:closed="false" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CiaUltragazAndBahianaMember" xlink:label="ugp_CiaUltragazAndBahianaMember" xlink:title="ugp_CiaUltragazAndBahianaMember" />
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:to="ugp_CiaUltragazAndBahianaMember" xlink:title="Definition : ifrs-full_CategoriesOfRelatedPartiesDomain to ugp_CiaUltragazAndBahianaMember" xlink:type="arc" use="optional" order="0" xbrldt:closed="false" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ThreeEmployeesAndOneFormerEmployeeMember" xlink:label="ugp_ThreeEmployeesAndOneFormerEmployeeMember" xlink:title="ugp_ThreeEmployeesAndOneFormerEmployeeMember" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TwoFormerEmployeesEachMember" xlink:label="ugp_TwoFormerEmployeesEachMember" xlink:title="ugp_TwoFormerEmployeesEachMember" />
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:to="ugp_TwoFormerEmployeesEachMember" xlink:title="Definition : ifrs-full_CategoriesOfRelatedPartiesDomain to ugp_TwoFormerEmployeesEachMember" xlink:type="arc" use="optional" order="2" xbrldt:closed="false" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ChevronAndSubsidiaryIPPMember" xlink:label="ugp_ChevronAndSubsidiaryIPPMember" xlink:title="ugp_ChevronAndSubsidiaryIPPMember" />
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:to="ugp_ChevronAndSubsidiaryIPPMember" xlink:title="Definition : ifrs-full_CategoriesOfRelatedPartiesDomain to ugp_ChevronAndSubsidiaryIPPMember" xlink:type="arc" use="optional" order="3" xbrldt:closed="false" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:label="ifrs-full_CategoriesOfRelatedPartiesDomain_1" xlink:title="ifrs-full_CategoriesOfRelatedPartiesDomain" />
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:to="ifrs-full_CategoriesOfRelatedPartiesDomain_1" xlink:title="Definition : ifrs-full_CategoriesOfRelatedPartiesAxis to ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:type="arc" order="1" xbrldt:closed="false" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RangeAxis" xlink:label="ifrs-full_RangeAxis" xlink:title="ifrs-full_RangeAxis" />
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="ifrs-full_DisclosureOfContingentLiabilitiesTable" xlink:to="ifrs-full_RangeAxis" xlink:title="Definition : ifrs-full_DisclosureOfContingentLiabilitiesTable to ifrs-full_RangeAxis" xlink:type="arc" use="optional" order="2" xbrldt:closed="false" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RangeDomain" xlink:label="ifrs-full_RangeDomain" xlink:title="ifrs-full_RangeDomain" />
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="ifrs-full_RangeAxis" xlink:to="ifrs-full_RangeDomain" xlink:title="Definition : ifrs-full_RangeAxis to ifrs-full_RangeDomain" xlink:type="arc" use="optional" order="0" xbrldt:closed="false" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BottomOfRangeMember" xlink:label="ifrs-full_BottomOfRangeMember" xlink:title="ifrs-full_BottomOfRangeMember" />
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="ifrs-full_RangeDomain" xlink:to="ifrs-full_BottomOfRangeMember" xlink:title="Definition : ifrs-full_RangeDomain to ifrs-full_BottomOfRangeMember" xlink:type="arc" use="optional" order="0" xbrldt:closed="false" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TopOfRangeMember" xlink:label="ifrs-full_TopOfRangeMember" xlink:title="ifrs-full_TopOfRangeMember" />
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="ifrs-full_RangeDomain" xlink:to="ifrs-full_TopOfRangeMember" xlink:title="Definition : ifrs-full_RangeDomain to ifrs-full_TopOfRangeMember" xlink:type="arc" use="optional" order="1" xbrldt:closed="false" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RangeDomain" xlink:label="ifrs-full_RangeDomain_1" xlink:title="ifrs-full_RangeDomain" />
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<DOCUMENT>
<TYPE>EX-101.CAL
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<FILENAME>ugp-20241231_cal.xml
<DESCRIPTION>CALCULATION
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<!--Created by 2H Software, Powered by IRIS Carbon, Unique Code 6808131f2eea2b2b44edc7c7, Generated At Tue, 22 Apr 2025 22:10:49 GMT-->
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProfitLossFromContinuingOperations" xlink:label="ifrs-full_ProfitLossFromContinuingOperations" xlink:title="ifrs-full_ProfitLossFromContinuingOperations" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForUndistributedProfitsAndAmortizationOfFairValueAdjustmentsOfInvestmentsAccountedForUsingEquityMethod" xlink:label="ugp_AdjustmentsForUndistributedProfitsAndAmortizationOfFairValueAdjustmentsOfInvestmentsAccountedForUsingEquityMethod" xlink:title="ugp_AdjustmentsForUndistributedProfitsAndAmortizationOfFairValueAdjustmentsOfInvestmentsAccountedForUsingEquityMethod" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:to="ugp_AdjustmentsForUndistributedProfitsAndAmortizationOfFairValueAdjustmentsOfInvestmentsAccountedForUsingEquityMethod" xlink:title="Calculation : ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital to ugp_AdjustmentsForUndistributedProfitsAndAmortizationOfFairValueAdjustmentsOfInvestmentsAccountedForUsingEquityMethod" order="1" weight="-1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" xlink:label="ifrs-full_AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" xlink:title="ifrs-full_AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:to="ifrs-full_AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" xlink:title="Calculation : ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital to ifrs-full_AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" order="2" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForAmortizationOfRightOfUseAssets" xlink:label="ugp_AdjustmentsForAmortizationOfRightOfUseAssets" xlink:title="ugp_AdjustmentsForAmortizationOfRightOfUseAssets" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:to="ugp_AdjustmentsForAmortizationOfRightOfUseAssets" xlink:title="Calculation : ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital to ugp_AdjustmentsForAmortizationOfRightOfUseAssets" order="3" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:label="ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:title="ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:to="ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:title="Calculation : ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital to ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" order="4" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForInterestAndForeignExchangeRateVariations" xlink:label="ugp_AdjustmentsForInterestAndForeignExchangeRateVariations" xlink:title="ugp_AdjustmentsForInterestAndForeignExchangeRateVariations" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:to="ugp_AdjustmentsForInterestAndForeignExchangeRateVariations" xlink:title="Calculation : ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital to ugp_AdjustmentsForInterestAndForeignExchangeRateVariations" order="5" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForCurrentTaxExpenseAndDeferredTaxExpense" xlink:label="ugp_AdjustmentsForCurrentTaxExpenseAndDeferredTaxExpense" xlink:title="ugp_AdjustmentsForCurrentTaxExpenseAndDeferredTaxExpense" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:to="ugp_AdjustmentsForCurrentTaxExpenseAndDeferredTaxExpense" xlink:title="Calculation : ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital to ugp_AdjustmentsForCurrentTaxExpenseAndDeferredTaxExpense" order="6" weight="1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:label="ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:title="ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:to="ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:title="Calculation : ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital to ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" order="7" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForSharebasedPayments" xlink:label="ifrs-full_AdjustmentsForSharebasedPayments" xlink:title="ifrs-full_AdjustmentsForSharebasedPayments" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:to="ifrs-full_AdjustmentsForSharebasedPayments" xlink:title="Calculation : ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital to ifrs-full_AdjustmentsForSharebasedPayments" order="8" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForGainLossOnFairValueOfEnergyContracts" xlink:label="ugp_AdjustmentsForGainLossOnFairValueOfEnergyContracts" xlink:title="ugp_AdjustmentsForGainLossOnFairValueOfEnergyContracts" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:to="ugp_AdjustmentsForGainLossOnFairValueOfEnergyContracts" xlink:title="Calculation : ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital to ugp_AdjustmentsForGainLossOnFairValueOfEnergyContracts" order="9" weight="-1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForProvisionOfDecarbonization" xlink:label="ugp_AdjustmentsForProvisionOfDecarbonization" xlink:title="ugp_AdjustmentsForProvisionOfDecarbonization" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:to="ugp_AdjustmentsForProvisionOfDecarbonization" xlink:title="Calculation : ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital to ugp_AdjustmentsForProvisionOfDecarbonization" order="10" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForOtherProvisionsAndAdjustments" xlink:label="ugp_AdjustmentsForOtherProvisionsAndAdjustments" xlink:title="ugp_AdjustmentsForOtherProvisionsAndAdjustments" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:to="ugp_AdjustmentsForOtherProvisionsAndAdjustments" xlink:title="Calculation : ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital to ugp_AdjustmentsForOtherProvisionsAndAdjustments" order="11" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable" xlink:title="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations" xlink:to="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable" xlink:title="Calculation : ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations to ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable" order="1" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInInventories" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInInventories" xlink:title="ifrs-full_AdjustmentsForDecreaseIncreaseInInventories" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations" xlink:to="ifrs-full_AdjustmentsForDecreaseIncreaseInInventories" xlink:title="Calculation : ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations to ifrs-full_AdjustmentsForDecreaseIncreaseInInventories" order="2" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForDecreaseIncreaseInRecoverableTaxes" xlink:label="ugp_AdjustmentsForDecreaseIncreaseInRecoverableTaxes" xlink:title="ugp_AdjustmentsForDecreaseIncreaseInRecoverableTaxes" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations" xlink:to="ugp_AdjustmentsForDecreaseIncreaseInRecoverableTaxes" xlink:title="Calculation : ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations to ugp_AdjustmentsForDecreaseIncreaseInRecoverableTaxes" order="3" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DividendsReceivedClassifiedAsOperatingActivities" xlink:label="ifrs-full_DividendsReceivedClassifiedAsOperatingActivities" xlink:title="ifrs-full_DividendsReceivedClassifiedAsOperatingActivities" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations" xlink:to="ifrs-full_DividendsReceivedClassifiedAsOperatingActivities" xlink:title="Calculation : ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations to ifrs-full_DividendsReceivedClassifiedAsOperatingActivities" order="4" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets" xlink:title="ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations" xlink:to="ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets" xlink:title="Calculation : ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations to ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets" order="5" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:title="ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations" xlink:to="ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:title="Calculation : ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations to ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" order="6" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges" xlink:label="ugp_AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges" xlink:title="ugp_AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations" xlink:to="ugp_AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges" xlink:title="Calculation : ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations to ugp_AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges" order="7" weight="-1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForIncreaseDecreaseInTaxesPayable" xlink:label="ugp_AdjustmentsForIncreaseDecreaseInTaxesPayable" xlink:title="ugp_AdjustmentsForIncreaseDecreaseInTaxesPayable" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations" xlink:to="ugp_AdjustmentsForIncreaseDecreaseInTaxesPayable" xlink:title="Calculation : ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations to ugp_AdjustmentsForIncreaseDecreaseInTaxesPayable" order="8" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities" xlink:title="ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations" xlink:to="ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities" xlink:title="Calculation : ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations to ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities" order="9" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForIncreaseDecreaseInAcquisitionOfDecarbonizationCredits" xlink:label="ugp_AdjustmentsForIncreaseDecreaseInAcquisitionOfDecarbonizationCredits" xlink:title="ugp_AdjustmentsForIncreaseDecreaseInAcquisitionOfDecarbonizationCredits" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations" xlink:to="ugp_AdjustmentsForIncreaseDecreaseInAcquisitionOfDecarbonizationCredits" xlink:title="Calculation : ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations to ugp_AdjustmentsForIncreaseDecreaseInAcquisitionOfDecarbonizationCredits" order="10" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForIncreaseDecreaseInNonCurrentPaymentsOfContractualAssetsWithCustomersExclusiveRights" xlink:label="ugp_AdjustmentsForIncreaseDecreaseInNonCurrentPaymentsOfContractualAssetsWithCustomersExclusiveRights" xlink:title="ugp_AdjustmentsForIncreaseDecreaseInNonCurrentPaymentsOfContractualAssetsWithCustomersExclusiveRights" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations" xlink:to="ugp_AdjustmentsForIncreaseDecreaseInNonCurrentPaymentsOfContractualAssetsWithCustomersExclusiveRights" xlink:title="Calculation : ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations to ugp_AdjustmentsForIncreaseDecreaseInNonCurrentPaymentsOfContractualAssetsWithCustomersExclusiveRights" order="11" weight="-1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForIncreaseDecreaseInPaymentsOfContingencies" xlink:label="ugp_AdjustmentsForIncreaseDecreaseInPaymentsOfContingencies" xlink:title="ugp_AdjustmentsForIncreaseDecreaseInPaymentsOfContingencies" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations" xlink:to="ugp_AdjustmentsForIncreaseDecreaseInPaymentsOfContingencies" xlink:title="Calculation : ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations to ugp_AdjustmentsForIncreaseDecreaseInPaymentsOfContingencies" order="12" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForIncreaseDecreaseInLiabilitiesFromIncomeAndSocialContributionTaxesPaid" xlink:label="ugp_AdjustmentsForIncreaseDecreaseInLiabilitiesFromIncomeAndSocialContributionTaxesPaid" xlink:title="ugp_AdjustmentsForIncreaseDecreaseInLiabilitiesFromIncomeAndSocialContributionTaxesPaid" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations" xlink:to="ugp_AdjustmentsForIncreaseDecreaseInLiabilitiesFromIncomeAndSocialContributionTaxesPaid" xlink:title="Calculation : ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations to ugp_AdjustmentsForIncreaseDecreaseInLiabilitiesFromIncomeAndSocialContributionTaxesPaid" order="13" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" xlink:title="ifrs-full_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" xlink:title="Calculation : ifrs-full_CashFlowsFromUsedInOperatingActivities to ifrs-full_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" order="1" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:title="ifrs-full_CashFlowsFromUsedInInvestingActivities" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations" xlink:title="ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations" xlink:title="Calculation : ifrs-full_CashFlowsFromUsedInInvestingActivities to ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations" order="0" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FinancialInvestmentsNetOfRedemptions" xlink:label="ugp_FinancialInvestmentsNetOfRedemptions" xlink:title="ugp_FinancialInvestmentsNetOfRedemptions" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SelicInterestOnPISAndCOFINSCredits" xlink:label="ugp_SelicInterestOnPISAndCOFINSCredits" xlink:title="ugp_SelicInterestOnPISAndCOFINSCredits" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_FinanceIncome" xlink:to="ugp_SelicInterestOnPISAndCOFINSCredits" xlink:title="Calculation : ifrs-full_FinanceIncome to ugp_SelicInterestOnPISAndCOFINSCredits" order="2" weight="1" use="optional" />
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    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_FinanceIncome" xlink:to="ifrs-full_OtherFinanceIncome" xlink:title="Calculation : ifrs-full_FinanceIncome to ifrs-full_OtherFinanceIncome" order="3" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_UpdateOfProvisionsAndOtherIncome" xlink:label="ugp_UpdateOfProvisionsAndOtherIncome" xlink:title="ugp_UpdateOfProvisionsAndOtherIncome" />
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    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_FinanceIncome" xlink:to="ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers" xlink:title="Calculation : ifrs-full_FinanceIncome to ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers" order="5" weight="1" use="optional" />
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    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_FinanceCosts" xlink:to="ugp_FinanceLeasesInterest" xlink:title="Calculation : ifrs-full_FinanceCosts to ugp_FinanceLeasesInterest" order="0" weight="1" use="optional" />
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    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_FinanceCosts" xlink:to="ugp_ExchangeVariationNetOfGainsAndLossesHedgingInstruments" xlink:title="Calculation : ifrs-full_FinanceCosts to ugp_ExchangeVariationNetOfGainsAndLossesHedgingInstruments" order="1" weight="1" use="optional" />
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    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_FinanceCosts" xlink:to="ifrs-full_InterestExpenseOnBorrowings" xlink:title="Calculation : ifrs-full_FinanceCosts to ifrs-full_InterestExpenseOnBorrowings" order="4" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InterestExpenseOnDebtInstrumentsIssued" xlink:label="ifrs-full_InterestExpenseOnDebtInstrumentsIssued" xlink:title="ifrs-full_InterestExpenseOnDebtInstrumentsIssued" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_FinanceCosts" xlink:to="ifrs-full_InterestExpenseOnDebtInstrumentsIssued" xlink:title="Calculation : ifrs-full_FinanceCosts to ifrs-full_InterestExpenseOnDebtInstrumentsIssued" order="5" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InterestExpenseOnOtherFinancialLiabilities" xlink:label="ifrs-full_InterestExpenseOnOtherFinancialLiabilities" xlink:title="ifrs-full_InterestExpenseOnOtherFinancialLiabilities" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_FinanceCosts" xlink:to="ifrs-full_InterestExpenseOnOtherFinancialLiabilities" xlink:title="Calculation : ifrs-full_FinanceCosts to ifrs-full_InterestExpenseOnOtherFinancialLiabilities" order="6" weight="1" use="optional" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FreightAndStorageExpense" xlink:label="ugp_FreightAndStorageExpense" xlink:title="ugp_FreightAndStorageExpense" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_ExpenseByNature" xlink:to="ugp_FreightAndStorageExpense" xlink:title="Calculation : ifrs-full_ExpenseByNature to ugp_FreightAndStorageExpense" order="2" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DepreciationAndAmortizationIncludingPisAndCofinsTaxes" xlink:label="ugp_DepreciationAndAmortizationIncludingPisAndCofinsTaxes" xlink:title="ugp_DepreciationAndAmortizationIncludingPisAndCofinsTaxes" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_ExpenseByNature" xlink:to="ugp_DepreciationAndAmortizationIncludingPisAndCofinsTaxes" xlink:title="Calculation : ifrs-full_ExpenseByNature to ugp_DepreciationAndAmortizationIncludingPisAndCofinsTaxes" order="3" weight="1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AmortizationOfRightToUseAsset" xlink:label="ugp_AmortizationOfRightToUseAsset" xlink:title="ugp_AmortizationOfRightToUseAsset" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_ExpenseByNature" xlink:to="ugp_AmortizationOfRightToUseAsset" xlink:title="Calculation : ifrs-full_ExpenseByNature to ugp_AmortizationOfRightToUseAsset" order="4" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdvertisingAndMarketingExpense" xlink:label="ugp_AdvertisingAndMarketingExpense" xlink:title="ugp_AdvertisingAndMarketingExpense" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_ExpenseByNature" xlink:to="ugp_AdvertisingAndMarketingExpense" xlink:title="Calculation : ifrs-full_ExpenseByNature to ugp_AdvertisingAndMarketingExpense" order="5" weight="1" use="optional" />
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    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_ExpenseByNature" xlink:to="ugp_ExpensesFromDecarbonizationObligation" xlink:title="Calculation : ifrs-full_ExpenseByNature to ugp_ExpensesFromDecarbonizationObligation" order="7" weight="1" use="optional" />
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    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_ExpenseByNature" xlink:to="ugp_ExtemporaneousTaxCredits" xlink:title="Calculation : ifrs-full_ExpenseByNature to ugp_ExtemporaneousTaxCredits" order="8" weight="1" use="optional" />
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  <link:calculationLink xlink:type="extended" xlink:role="http://www.ultrapar.com/role/AcquisitionofInterestandControlScheduleoftransactionamountsforacquiringaninterestDetails">
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:label="ifrs-full_NoncurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:title="ifrs-full_NoncurrentReceivablesFromTaxesOtherThanIncomeTax" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_NoncurrentAssets" xlink:to="ifrs-full_NoncurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:title="Calculation : ifrs-full_NoncurrentAssets to ifrs-full_NoncurrentReceivablesFromTaxesOtherThanIncomeTax" order="5" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentTaxAssetsNoncurrent" xlink:label="ifrs-full_CurrentTaxAssetsNoncurrent" xlink:title="ifrs-full_CurrentTaxAssetsNoncurrent" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_NoncurrentAssets" xlink:to="ifrs-full_CurrentTaxAssetsNoncurrent" xlink:title="Calculation : ifrs-full_NoncurrentAssets to ifrs-full_CurrentTaxAssetsNoncurrent" order="6" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NoncurrentEnergyTradingFuturesContractsAssets" xlink:label="ugp_NoncurrentEnergyTradingFuturesContractsAssets" xlink:title="ugp_NoncurrentEnergyTradingFuturesContractsAssets" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_NoncurrentAssets" xlink:to="ugp_NoncurrentEnergyTradingFuturesContractsAssets" xlink:title="Calculation : ifrs-full_NoncurrentAssets to ugp_NoncurrentEnergyTradingFuturesContractsAssets" order="7" weight="1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LongtermDeposits" xlink:label="ifrs-full_LongtermDeposits" xlink:title="ifrs-full_LongtermDeposits" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_NoncurrentAssets" xlink:to="ifrs-full_LongtermDeposits" xlink:title="Calculation : ifrs-full_NoncurrentAssets to ifrs-full_LongtermDeposits" order="8" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IndemnificationAssetBusinessCombination" xlink:label="ugp_IndemnificationAssetBusinessCombination" xlink:title="ugp_IndemnificationAssetBusinessCombination" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_NoncurrentAssets" xlink:to="ugp_IndemnificationAssetBusinessCombination" xlink:title="Calculation : ifrs-full_NoncurrentAssets to ugp_IndemnificationAssetBusinessCombination" order="9" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OtherNoncurrentReceivablesAndAssets" xlink:label="ugp_OtherNoncurrentReceivablesAndAssets" xlink:title="ugp_OtherNoncurrentReceivablesAndAssets" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_NoncurrentAssets" xlink:to="ugp_OtherNoncurrentReceivablesAndAssets" xlink:title="Calculation : ifrs-full_NoncurrentAssets to ugp_OtherNoncurrentReceivablesAndAssets" order="10" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncurrentPrepayments" xlink:label="ifrs-full_NoncurrentPrepayments" xlink:title="ifrs-full_NoncurrentPrepayments" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_NoncurrentAssets" xlink:to="ifrs-full_NoncurrentPrepayments" xlink:title="Calculation : ifrs-full_NoncurrentAssets to ifrs-full_NoncurrentPrepayments" order="11" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncurrentContractAssets" xlink:label="ifrs-full_NoncurrentContractAssets" xlink:title="ifrs-full_NoncurrentContractAssets" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_NoncurrentAssets" xlink:to="ifrs-full_NoncurrentContractAssets" xlink:title="Calculation : ifrs-full_NoncurrentAssets to ifrs-full_NoncurrentContractAssets" order="12" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InvestmentAccountedForUsingEquityMethod" xlink:label="ifrs-full_InvestmentAccountedForUsingEquityMethod" xlink:title="ifrs-full_InvestmentAccountedForUsingEquityMethod" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_NoncurrentAssets" xlink:to="ifrs-full_InvestmentAccountedForUsingEquityMethod" xlink:title="Calculation : ifrs-full_NoncurrentAssets to ifrs-full_InvestmentAccountedForUsingEquityMethod" order="13" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RightofuseAssets" xlink:label="ifrs-full_RightofuseAssets" xlink:title="ifrs-full_RightofuseAssets" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_NoncurrentAssets" xlink:to="ifrs-full_RightofuseAssets" xlink:title="Calculation : ifrs-full_NoncurrentAssets to ifrs-full_RightofuseAssets" order="14" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_PropertyPlantAndEquipment" xlink:label="ifrs-full_PropertyPlantAndEquipment" xlink:title="ifrs-full_PropertyPlantAndEquipment" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_NoncurrentAssets" xlink:to="ifrs-full_PropertyPlantAndEquipment" xlink:title="Calculation : ifrs-full_NoncurrentAssets to ifrs-full_PropertyPlantAndEquipment" order="15" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IntangibleAssetsAndGoodwill" xlink:label="ifrs-full_IntangibleAssetsAndGoodwill" xlink:title="ifrs-full_IntangibleAssetsAndGoodwill" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_NoncurrentAssets" xlink:to="ifrs-full_IntangibleAssetsAndGoodwill" xlink:title="Calculation : ifrs-full_NoncurrentAssets to ifrs-full_IntangibleAssetsAndGoodwill" order="16" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_EquityAndLiabilities" xlink:label="ifrs-full_EquityAndLiabilities" xlink:title="ifrs-full_EquityAndLiabilities" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentLiabilities" xlink:label="ifrs-full_CurrentLiabilities" xlink:title="ifrs-full_CurrentLiabilities" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_EquityAndLiabilities" xlink:to="ifrs-full_CurrentLiabilities" xlink:title="Calculation : ifrs-full_EquityAndLiabilities to ifrs-full_CurrentLiabilities" order="0" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LoansFinancingAndHedgingInstrumentsCurrent" xlink:label="ugp_LoansFinancingAndHedgingInstrumentsCurrent" xlink:title="ugp_LoansFinancingAndHedgingInstrumentsCurrent" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CurrentLiabilities" xlink:to="ugp_LoansFinancingAndHedgingInstrumentsCurrent" xlink:title="Calculation : ifrs-full_CurrentLiabilities to ugp_LoansFinancingAndHedgingInstrumentsCurrent" order="0" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued" xlink:label="ifrs-full_CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued" xlink:title="ifrs-full_CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CurrentLiabilities" xlink:to="ifrs-full_CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued" xlink:title="Calculation : ifrs-full_CurrentLiabilities to ifrs-full_CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued" order="1" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:label="ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:title="ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CurrentLiabilities" xlink:to="ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:title="Calculation : ifrs-full_CurrentLiabilities to ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" order="2" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TradeCurrentPayablesReverseFactoring" xlink:label="ugp_TradeCurrentPayablesReverseFactoring" xlink:title="ugp_TradeCurrentPayablesReverseFactoring" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CurrentLiabilities" xlink:to="ugp_TradeCurrentPayablesReverseFactoring" xlink:title="Calculation : ifrs-full_CurrentLiabilities to ugp_TradeCurrentPayablesReverseFactoring" order="3" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ShorttermEmployeeBenefitsAccruals" xlink:label="ifrs-full_ShorttermEmployeeBenefitsAccruals" xlink:title="ifrs-full_ShorttermEmployeeBenefitsAccruals" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CurrentLiabilities" xlink:to="ifrs-full_ShorttermEmployeeBenefitsAccruals" xlink:title="Calculation : ifrs-full_CurrentLiabilities to ifrs-full_ShorttermEmployeeBenefitsAccruals" order="4" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" xlink:label="ifrs-full_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" xlink:title="ifrs-full_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CurrentLiabilities" xlink:to="ifrs-full_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" xlink:title="Calculation : ifrs-full_CurrentLiabilities to ifrs-full_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" order="5" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentDividendPayables" xlink:label="ifrs-full_CurrentDividendPayables" xlink:title="ifrs-full_CurrentDividendPayables" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CurrentLiabilities" xlink:to="ifrs-full_CurrentDividendPayables" xlink:title="Calculation : ifrs-full_CurrentLiabilities to ifrs-full_CurrentDividendPayables" order="6" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:label="ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:title="ifrs-full_CurrentTaxLiabilitiesCurrent" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CurrentLiabilities" xlink:to="ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:title="Calculation : ifrs-full_CurrentLiabilities to ifrs-full_CurrentTaxLiabilitiesCurrent" order="7" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentProvisionsForEmployeeBenefits" xlink:label="ifrs-full_CurrentProvisionsForEmployeeBenefits" xlink:title="ifrs-full_CurrentProvisionsForEmployeeBenefits" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CurrentLiabilities" xlink:to="ifrs-full_CurrentProvisionsForEmployeeBenefits" xlink:title="Calculation : ifrs-full_CurrentLiabilities to ifrs-full_CurrentProvisionsForEmployeeBenefits" order="8" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ProvisionForDecarbonizationCredit" xlink:label="ugp_ProvisionForDecarbonizationCredit" xlink:title="ugp_ProvisionForDecarbonizationCredit" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CurrentLiabilities" xlink:to="ugp_ProvisionForDecarbonizationCredit" xlink:title="Calculation : ifrs-full_CurrentLiabilities to ugp_ProvisionForDecarbonizationCredit" order="9" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ShorttermLegalProceedingsProvision" xlink:label="ifrs-full_ShorttermLegalProceedingsProvision" xlink:title="ifrs-full_ShorttermLegalProceedingsProvision" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CurrentLiabilities" xlink:to="ifrs-full_ShorttermLegalProceedingsProvision" xlink:title="Calculation : ifrs-full_CurrentLiabilities to ifrs-full_ShorttermLegalProceedingsProvision" order="10" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentLeaseLiabilities" xlink:label="ifrs-full_CurrentLeaseLiabilities" xlink:title="ifrs-full_CurrentLeaseLiabilities" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CurrentLiabilities" xlink:to="ifrs-full_CurrentLeaseLiabilities" xlink:title="Calculation : ifrs-full_CurrentLiabilities to ifrs-full_CurrentLeaseLiabilities" order="11" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CurrentFinancialLiabilitiesOfCustomers" xlink:label="ugp_CurrentFinancialLiabilitiesOfCustomers" xlink:title="ugp_CurrentFinancialLiabilitiesOfCustomers" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CurrentLiabilities" xlink:to="ugp_CurrentFinancialLiabilitiesOfCustomers" xlink:title="Calculation : ifrs-full_CurrentLiabilities to ugp_CurrentFinancialLiabilitiesOfCustomers" order="12" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherCurrentPayables" xlink:label="ifrs-full_OtherCurrentPayables" xlink:title="ifrs-full_OtherCurrentPayables" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CurrentLiabilities" xlink:to="ifrs-full_OtherCurrentPayables" xlink:title="Calculation : ifrs-full_CurrentLiabilities to ifrs-full_OtherCurrentPayables" order="13" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CurrentEnergyTradingFuturesContractsLiabilities" xlink:label="ugp_CurrentEnergyTradingFuturesContractsLiabilities" xlink:title="ugp_CurrentEnergyTradingFuturesContractsLiabilities" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_CurrentLiabilities" xlink:to="ugp_CurrentEnergyTradingFuturesContractsLiabilities" xlink:title="Calculation : ifrs-full_CurrentLiabilities to ugp_CurrentEnergyTradingFuturesContractsLiabilities" order="14" weight="1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncurrentLiabilities" xlink:label="ifrs-full_NoncurrentLiabilities" xlink:title="ifrs-full_NoncurrentLiabilities" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_EquityAndLiabilities" xlink:to="ifrs-full_NoncurrentLiabilities" xlink:title="Calculation : ifrs-full_EquityAndLiabilities to ifrs-full_NoncurrentLiabilities" order="1" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LoansFinancingAndHedgingInstrumentsNonCurrent" xlink:label="ugp_LoansFinancingAndHedgingInstrumentsNonCurrent" xlink:title="ugp_LoansFinancingAndHedgingInstrumentsNonCurrent" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_NoncurrentLiabilities" xlink:to="ugp_LoansFinancingAndHedgingInstrumentsNonCurrent" xlink:title="Calculation : ifrs-full_NoncurrentLiabilities to ugp_LoansFinancingAndHedgingInstrumentsNonCurrent" order="0" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued" xlink:label="ifrs-full_NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued" xlink:title="ifrs-full_NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_NoncurrentLiabilities" xlink:to="ifrs-full_NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued" xlink:title="Calculation : ifrs-full_NoncurrentLiabilities to ifrs-full_NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued" order="1" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncurrentPayablesToRelatedParties" xlink:label="ifrs-full_NoncurrentPayablesToRelatedParties" xlink:title="ifrs-full_NoncurrentPayablesToRelatedParties" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_NoncurrentLiabilities" xlink:to="ifrs-full_NoncurrentPayablesToRelatedParties" xlink:title="Calculation : ifrs-full_NoncurrentLiabilities to ifrs-full_NoncurrentPayablesToRelatedParties" order="2" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DeferredTaxLiabilities" xlink:label="ifrs-full_DeferredTaxLiabilities" xlink:title="ifrs-full_DeferredTaxLiabilities" />
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ifrs-full_NoncurrentLiabilities" xlink:to="ifrs-full_DeferredTaxLiabilities" xlink:title="Calculation : ifrs-full_NoncurrentLiabilities to ifrs-full_DeferredTaxLiabilities" order="3" weight="1" use="optional" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncurrentProvisionsForEmployeeBenefits" xlink:label="ifrs-full_NoncurrentProvisionsForEmployeeBenefits" xlink:title="ifrs-full_NoncurrentProvisionsForEmployeeBenefits" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TradeReceivablesAndResellerFinancingAllowanceForCreditLoss" xlink:label="TradeReceivablesAndResellerFinancingAllowanceForCreditLoss" xlink:title="TradeReceivablesAndResellerFinancingAllowanceForCreditLoss" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FinancialDerivativeHedgingInstrumentsAtFairValue" xlink:label="FinancialDerivativeHedgingInstrumentsAtFairValue" xlink:title="FinancialDerivativeHedgingInstrumentsAtFairValue" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialDerivativeHedgingInstrumentsAtFairValue" xlink:to="label_FinancialDerivativeHedgingInstrumentsAtFairValue" xlink:title="Label : FinancialDerivativeHedgingInstrumentsAtFairValue to label_FinancialDerivativeHedgingInstrumentsAtFairValue" />
    <link:label xlink:type="resource" xlink:label="label_FinancialDerivativeHedgingInstrumentsAtFairValue_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinancialDerivativeHedgingInstrumentsAtFairValue_1" xml:lang="en-US" id="label_FinancialDerivativeHedgingInstrumentsAtFairValue_1">Fair value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialDerivativeHedgingInstrumentsAtFairValue" xlink:to="label_FinancialDerivativeHedgingInstrumentsAtFairValue_1" xlink:title="Label : FinancialDerivativeHedgingInstrumentsAtFairValue to label_FinancialDerivativeHedgingInstrumentsAtFairValue_1" />
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    <link:label xlink:type="resource" xlink:label="label_TradeReceivablesAndResellerFinancingAllowanceForCreditLoss_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradeReceivablesAndResellerFinancingAllowanceForCreditLoss_1" xml:lang="en-US" id="label_TradeReceivablesAndResellerFinancingAllowanceForCreditLoss_1">Trade Receivables And Reseller Financing Allowance For Credit Loss</link:label>
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    <link:label xlink:type="resource" xlink:label="label_TradeReceivablesAndResellerFinancingAllowanceForCreditLoss_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_TradeReceivablesAndResellerFinancingAllowanceForCreditLoss_2" xml:lang="en-US" id="label_TradeReceivablesAndResellerFinancingAllowanceForCreditLoss_2">Begining balance</link:label>
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncreaseThroughProvisionOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" xlink:label="IncreaseThroughProvisionOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" xlink:title="IncreaseThroughProvisionOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseThroughProvisionOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseThroughProvisionOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" xml:lang="en-US" id="label_IncreaseThroughProvisionOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing">Additions</link:label>
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DecreaseThroughReversalOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" xlink:label="DecreaseThroughReversalOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" xlink:title="DecreaseThroughReversalOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DecreaseThroughWriteOffsOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" xlink:label="DecreaseThroughWriteOffsOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" xlink:title="DecreaseThroughWriteOffsOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillDomain" xlink:label="ClassesOfIntangibleAssetsOtherThanGoodwillDomain" xlink:title="ClassesOfIntangibleAssetsOtherThanGoodwillDomain" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:label="OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:title="OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FairValueOfInvesteesAssetsAndLiabilitiesRecognisedAsOfAcquisitionDate" xlink:label="FairValueOfInvesteesAssetsAndLiabilitiesRecognisedAsOfAcquisitionDate" xlink:title="FairValueOfInvesteesAssetsAndLiabilitiesRecognisedAsOfAcquisitionDate" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IpirangaTradingEuropeSAMember" xlink:label="IpirangaTradingEuropeSAMember" xlink:title="IpirangaTradingEuropeSAMember" />
    <link:label xlink:type="resource" xlink:label="label_IpirangaTradingEuropeSAMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IpirangaTradingEuropeSAMember" xml:lang="en-US" id="label_IpirangaTradingEuropeSAMember">Ipiranga Trading Europe S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpirangaTradingEuropeSAMember" xlink:to="label_IpirangaTradingEuropeSAMember" xlink:title="Label : IpirangaTradingEuropeSAMember to label_IpirangaTradingEuropeSAMember" />
    <link:label xlink:type="resource" xlink:label="label_IpirangaTradingEuropeSAMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IpirangaTradingEuropeSAMember_1" xml:lang="en-US" id="label_IpirangaTradingEuropeSAMember_1">This member stands for the information pertaining to "Ipiranga Trading Europe S.A.".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpirangaTradingEuropeSAMember" xlink:to="label_IpirangaTradingEuropeSAMember_1" xlink:title="Label : IpirangaTradingEuropeSAMember to label_IpirangaTradingEuropeSAMember_1" />
    <link:label xlink:type="resource" xlink:label="label_IpirangaTradingEuropeSAMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IpirangaTradingEuropeSAMember_2" xml:lang="en-US" id="label_IpirangaTradingEuropeSAMember_2">Ipiranga Trading Europe S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpirangaTradingEuropeSAMember" xlink:to="label_IpirangaTradingEuropeSAMember_2" xlink:title="Label : IpirangaTradingEuropeSAMember to label_IpirangaTradingEuropeSAMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IpirangaTradingMiddleEastDmccMember" xlink:label="IpirangaTradingMiddleEastDmccMember" xlink:title="IpirangaTradingMiddleEastDmccMember" />
    <link:label xlink:type="resource" xlink:label="label_IpirangaTradingMiddleEastDmccMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IpirangaTradingMiddleEastDmccMember" xml:lang="en-US" id="label_IpirangaTradingMiddleEastDmccMember">Ipiranga Trading Middle East DMCC</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpirangaTradingMiddleEastDmccMember" xlink:to="label_IpirangaTradingMiddleEastDmccMember" xlink:title="Label : IpirangaTradingMiddleEastDmccMember to label_IpirangaTradingMiddleEastDmccMember" />
    <link:label xlink:type="resource" xlink:label="label_IpirangaTradingMiddleEastDmccMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IpirangaTradingMiddleEastDmccMember_1" xml:lang="en-US" id="label_IpirangaTradingMiddleEastDmccMember_1">This member stands for the information pertaining to "Ipiranga Trading Middle East DMCC".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpirangaTradingMiddleEastDmccMember" xlink:to="label_IpirangaTradingMiddleEastDmccMember_1" xlink:title="Label : IpirangaTradingMiddleEastDmccMember to label_IpirangaTradingMiddleEastDmccMember_1" />
    <link:label xlink:type="resource" xlink:label="label_IpirangaTradingMiddleEastDmccMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IpirangaTradingMiddleEastDmccMember_2" xml:lang="en-US" id="label_IpirangaTradingMiddleEastDmccMember_2">Ipiranga Trading Middle East DMCC [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpirangaTradingMiddleEastDmccMember" xlink:to="label_IpirangaTradingMiddleEastDmccMember_2" xlink:title="Label : IpirangaTradingMiddleEastDmccMember to label_IpirangaTradingMiddleEastDmccMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IpirangaTradingNorthAmericaLlcMember" xlink:label="IpirangaTradingNorthAmericaLlcMember" xlink:title="IpirangaTradingNorthAmericaLlcMember" />
    <link:label xlink:type="resource" xlink:label="label_IpirangaTradingNorthAmericaLlcMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IpirangaTradingNorthAmericaLlcMember" xml:lang="en-US" id="label_IpirangaTradingNorthAmericaLlcMember">Ipiranga Trading North America LLC.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpirangaTradingNorthAmericaLlcMember" xlink:to="label_IpirangaTradingNorthAmericaLlcMember" xlink:title="Label : IpirangaTradingNorthAmericaLlcMember to label_IpirangaTradingNorthAmericaLlcMember" />
    <link:label xlink:type="resource" xlink:label="label_IpirangaTradingNorthAmericaLlcMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IpirangaTradingNorthAmericaLlcMember_1" xml:lang="en-US" id="label_IpirangaTradingNorthAmericaLlcMember_1">This member stands for the information pertaining to "Ipiranga Trading North America LLC.".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpirangaTradingNorthAmericaLlcMember" xlink:to="label_IpirangaTradingNorthAmericaLlcMember_1" xlink:title="Label : IpirangaTradingNorthAmericaLlcMember to label_IpirangaTradingNorthAmericaLlcMember_1" />
    <link:label xlink:type="resource" xlink:label="label_IpirangaTradingNorthAmericaLlcMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IpirangaTradingNorthAmericaLlcMember_2" xml:lang="en-US" id="label_IpirangaTradingNorthAmericaLlcMember_2">Ipiranga Trading North America LLC. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpirangaTradingNorthAmericaLlcMember" xlink:to="label_IpirangaTradingNorthAmericaLlcMember_2" xlink:title="Label : IpirangaTradingNorthAmericaLlcMember to label_IpirangaTradingNorthAmericaLlcMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_GlazedBrasilSAMember" xlink:label="GlazedBrasilSAMember" xlink:title="GlazedBrasilSAMember" />
    <link:label xlink:type="resource" xlink:label="label_GlazedBrasilSAMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GlazedBrasilSAMember" xml:lang="en-US" id="label_GlazedBrasilSAMember">Glazed Brasil S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GlazedBrasilSAMember" xlink:to="label_GlazedBrasilSAMember" xlink:title="Label : GlazedBrasilSAMember to label_GlazedBrasilSAMember" />
    <link:label xlink:type="resource" xlink:label="label_GlazedBrasilSAMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GlazedBrasilSAMember_1" xml:lang="en-US" id="label_GlazedBrasilSAMember_1">This member stands for the information pertaining to "Glazed Brasil S.A.".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GlazedBrasilSAMember" xlink:to="label_GlazedBrasilSAMember_1" xlink:title="Label : GlazedBrasilSAMember to label_GlazedBrasilSAMember_1" />
    <link:label xlink:type="resource" xlink:label="label_GlazedBrasilSAMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GlazedBrasilSAMember_2" xml:lang="en-US" id="label_GlazedBrasilSAMember_2">Glazed Brasil S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GlazedBrasilSAMember" xlink:to="label_GlazedBrasilSAMember_2" xlink:title="Label : GlazedBrasilSAMember to label_GlazedBrasilSAMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NeodieselLtdaMember" xlink:label="NeodieselLtdaMember" xlink:title="NeodieselLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_NeodieselLtdaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NeodieselLtdaMember" xml:lang="en-US" id="label_NeodieselLtdaMember">Neodiesel Ltda.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NeodieselLtdaMember" xlink:to="label_NeodieselLtdaMember" xlink:title="Label : NeodieselLtdaMember to label_NeodieselLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_NeodieselLtdaMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NeodieselLtdaMember_1" xml:lang="en-US" id="label_NeodieselLtdaMember_1">This member stands for the information pertaining to "Neodiesel Ltda.".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NeodieselLtdaMember" xlink:to="label_NeodieselLtdaMember_1" xlink:title="Label : NeodieselLtdaMember to label_NeodieselLtdaMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NetAssetLiabilityPositionTotal" xlink:label="NetAssetLiabilityPositionTotal" xlink:title="NetAssetLiabilityPositionTotal" />
    <link:label xlink:type="resource" xlink:label="label_NetAssetLiabilityPositionTotal" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetAssetLiabilityPositionTotal" xml:lang="en-US" id="label_NetAssetLiabilityPositionTotal">Net liability position</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetAssetLiabilityPositionTotal" xlink:to="label_NetAssetLiabilityPositionTotal" xlink:title="Label : NetAssetLiabilityPositionTotal to label_NetAssetLiabilityPositionTotal" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfReasonablyPossibleIncreaseDecreaseInUnobservableInputLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentageOfReasonablyPossibleIncreaseDecreaseInUnobservableInputLiabilities_2" xml:lang="en-US" id="label_PercentageOfReasonablyPossibleIncreaseDecreaseInUnobservableInputLiabilities_2">Sensitivity percentage of variation scenario</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfReasonablyPossibleIncreaseDecreaseInUnobservableInputLiabilities" xlink:to="label_PercentageOfReasonablyPossibleIncreaseDecreaseInUnobservableInputLiabilities_2" xlink:title="Label : PercentageOfReasonablyPossibleIncreaseDecreaseInUnobservableInputLiabilities to label_PercentageOfReasonablyPossibleIncreaseDecreaseInUnobservableInputLiabilities_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InterestRateSwapContractTwoMember" xlink:label="InterestRateSwapContractTwoMember" xlink:title="InterestRateSwapContractTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_InterestRateSwapContractTwoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InterestRateSwapContractTwoMember" xml:lang="en-US" id="label_InterestRateSwapContractTwoMember">This member stands for the information pertaining to interest rate swap contract two.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateSwapContractTwoMember" xlink:to="label_InterestRateSwapContractTwoMember" xlink:title="Label : InterestRateSwapContractTwoMember to label_InterestRateSwapContractTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_InterestRateSwapContractTwoMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestRateSwapContractTwoMember_1" xml:lang="en-US" id="label_InterestRateSwapContractTwoMember_1">Interest rate swap contract two [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateSwapContractTwoMember" xlink:to="label_InterestRateSwapContractTwoMember_1" xlink:title="Label : InterestRateSwapContractTwoMember to label_InterestRateSwapContractTwoMember_1" />
    <link:label xlink:type="resource" xlink:label="label_InterestRateSwapContractTwoMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestRateSwapContractTwoMember_2" xml:lang="en-US" id="label_InterestRateSwapContractTwoMember_2">Interest Rate Swap Contract Two [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateSwapContractTwoMember" xlink:to="label_InterestRateSwapContractTwoMember_2" xlink:title="Label : InterestRateSwapContractTwoMember to label_InterestRateSwapContractTwoMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NortheastRegionConstitutionalFundMember" xlink:label="NortheastRegionConstitutionalFundMember" xlink:title="NortheastRegionConstitutionalFundMember" />
    <link:label xlink:type="resource" xlink:label="label_NortheastRegionConstitutionalFundMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NortheastRegionConstitutionalFundMember" xml:lang="en-US" id="label_NortheastRegionConstitutionalFundMember">This member stands for the information pertaining to northeast region constitutional fund.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NortheastRegionConstitutionalFundMember" xlink:to="label_NortheastRegionConstitutionalFundMember" xlink:title="Label : NortheastRegionConstitutionalFundMember to label_NortheastRegionConstitutionalFundMember" />
    <link:label xlink:type="resource" xlink:label="label_NortheastRegionConstitutionalFundMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NortheastRegionConstitutionalFundMember_1" xml:lang="en-US" id="label_NortheastRegionConstitutionalFundMember_1">Northeast region constitutional fund</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NortheastRegionConstitutionalFundMember" xlink:to="label_NortheastRegionConstitutionalFundMember_1" xlink:title="Label : NortheastRegionConstitutionalFundMember to label_NortheastRegionConstitutionalFundMember_1" />
    <link:label xlink:type="resource" xlink:label="label_NortheastRegionConstitutionalFundMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NortheastRegionConstitutionalFundMember_2" xml:lang="en-US" id="label_NortheastRegionConstitutionalFundMember_2">Northeast Region Constitutional Fund [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NortheastRegionConstitutionalFundMember" xlink:to="label_NortheastRegionConstitutionalFundMember_2" xlink:title="Label : NortheastRegionConstitutionalFundMember to label_NortheastRegionConstitutionalFundMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows" xlink:label="FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows" xlink:title="FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows" />
    <link:label xlink:type="resource" xlink:label="label_FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows" xml:lang="en-US" id="label_FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows">The amount of contractual undiscounted cash flows in relation to financial liabilities and leases payable.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows" xlink:to="label_FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows" xlink:title="Label : FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows to label_FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows" />
    <link:label xlink:type="resource" xlink:label="label_FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows_1" xml:lang="en-US" id="label_FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows_1">Financial liabilities and leases payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows" xlink:to="label_FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows_1" xlink:title="Label : FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows to label_FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows_1" />
    <link:label xlink:type="resource" xlink:label="label_FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows_2" xml:lang="en-US" id="label_FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows_2">Financial Liabilities And Leases Payable Undiscounted Cash Flows</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows" xlink:to="label_FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows_2" xlink:title="Label : FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows to label_FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NetAssetsLiabilitiesPositionExposedToFloatingInterestRates" xlink:label="NetAssetsLiabilitiesPositionExposedToFloatingInterestRates" xlink:title="NetAssetsLiabilitiesPositionExposedToFloatingInterestRates" />
    <link:label xlink:type="resource" xlink:label="label_NetAssetsLiabilitiesPositionExposedToFloatingInterestRates" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_NetAssetsLiabilitiesPositionExposedToFloatingInterestRates" xml:lang="en-US" id="label_NetAssetsLiabilitiesPositionExposedToFloatingInterestRates">Loans &#x2013; FINEP</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetAssetsLiabilitiesPositionExposedToFloatingInterestRates" xlink:to="label_NetAssetsLiabilitiesPositionExposedToFloatingInterestRates" xlink:title="Label : NetAssetsLiabilitiesPositionExposedToFloatingInterestRates to label_NetAssetsLiabilitiesPositionExposedToFloatingInterestRates" />
    <link:label xlink:type="resource" xlink:label="label_NetAssetsLiabilitiesPositionExposedToFloatingInterestRates_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetAssetsLiabilitiesPositionExposedToFloatingInterestRates_1" xml:lang="en-US" id="label_NetAssetsLiabilitiesPositionExposedToFloatingInterestRates_1">Net liability position</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetAssetsLiabilitiesPositionExposedToFloatingInterestRates" xlink:to="label_NetAssetsLiabilitiesPositionExposedToFloatingInterestRates_1" xlink:title="Label : NetAssetsLiabilitiesPositionExposedToFloatingInterestRates to label_NetAssetsLiabilitiesPositionExposedToFloatingInterestRates_1" />
    <link:label xlink:type="resource" xlink:label="label_InventoriesTotal_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InventoriesTotal_1" xml:lang="en-US" id="label_InventoriesTotal_1">Inventories.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoriesTotal" xlink:to="label_InventoriesTotal_1" xlink:title="Label : InventoriesTotal to label_InventoriesTotal_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DescriptionOfObjectivesPoliciesAndProcessesForManagingRisk" xlink:label="DescriptionOfObjectivesPoliciesAndProcessesForManagingRisk" xlink:title="DescriptionOfObjectivesPoliciesAndProcessesForManagingRisk" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfObjectivesPoliciesAndProcessesForManagingRisk" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfObjectivesPoliciesAndProcessesForManagingRisk" xml:lang="en-US" id="label_DescriptionOfObjectivesPoliciesAndProcessesForManagingRisk">Management</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfObjectivesPoliciesAndProcessesForManagingRisk" xlink:to="label_DescriptionOfObjectivesPoliciesAndProcessesForManagingRisk" xlink:title="Label : DescriptionOfObjectivesPoliciesAndProcessesForManagingRisk to label_DescriptionOfObjectivesPoliciesAndProcessesForManagingRisk" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfObjectivesPoliciesAndProcessesForManagingRisk_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfObjectivesPoliciesAndProcessesForManagingRisk_1" xml:lang="en-US" id="label_DescriptionOfObjectivesPoliciesAndProcessesForManagingRisk_1">Description of objectives, policies and processes for managing risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfObjectivesPoliciesAndProcessesForManagingRisk" xlink:to="label_DescriptionOfObjectivesPoliciesAndProcessesForManagingRisk_1" xlink:title="Label : DescriptionOfObjectivesPoliciesAndProcessesForManagingRisk to label_DescriptionOfObjectivesPoliciesAndProcessesForManagingRisk_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DescriptionOfExposureToRisk" xlink:label="DescriptionOfExposureToRisk" xlink:title="DescriptionOfExposureToRisk" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfExposureToRisk" xlink:to="label_DescriptionOfExposureToRisk" xlink:title="Label : DescriptionOfExposureToRisk to label_DescriptionOfExposureToRisk" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiquidityRiskMember" xlink:to="label_LiquidityRiskMember" xlink:title="Label : LiquidityRiskMember to label_LiquidityRiskMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CreditRiskMember" xlink:label="CreditRiskMember" xlink:title="CreditRiskMember" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CommodityPriceRiskMember" xlink:label="CommodityPriceRiskMember" xlink:title="CommodityPriceRiskMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateRiskMember" xlink:to="label_InterestRateRiskMember" xlink:title="Label : InterestRateRiskMember to label_InterestRateRiskMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrencyRiskMember" xlink:label="CurrencyRiskMember" xlink:title="CurrencyRiskMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrencyRiskMember" xlink:to="label_CurrencyRiskMember" xlink:title="Label : CurrencyRiskMember to label_CurrencyRiskMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiquidityRiskMember" xlink:to="label_LiquidityRiskMember_1" xlink:title="Label : LiquidityRiskMember to label_LiquidityRiskMember_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateRiskMember" xlink:to="label_InterestRateRiskMember_1" xlink:title="Label : InterestRateRiskMember to label_InterestRateRiskMember_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrencyRiskMember" xlink:to="label_CurrencyRiskMember_1" xlink:title="Label : CurrencyRiskMember to label_CurrencyRiskMember_1" />
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    <link:label xlink:type="resource" xlink:label="label_FinancialLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialLiabilities_1" xml:lang="en-US" id="label_FinancialLiabilities_1">Financial liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilities" xlink:to="label_FinancialLiabilities_1" xlink:title="Label : FinancialLiabilities to label_FinancialLiabilities_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesMeasuredAtFairValueMonetaryVariation" xlink:to="label_FinancialLiabilitiesMeasuredAtFairValueMonetaryVariation" xlink:title="Label : FinancialLiabilitiesMeasuredAtFairValueMonetaryVariation to label_FinancialLiabilitiesMeasuredAtFairValueMonetaryVariation" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesMeasuredAtFairValueMonetaryVariation" xlink:to="label_FinancialLiabilitiesMeasuredAtFairValueMonetaryVariation_1" xlink:title="Label : FinancialLiabilitiesMeasuredAtFairValueMonetaryVariation to label_FinancialLiabilitiesMeasuredAtFairValueMonetaryVariation_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesMeasuredAtFairValueMonetaryVariation" xlink:to="label_FinancialLiabilitiesMeasuredAtFairValueMonetaryVariation_2" xlink:title="Label : FinancialLiabilitiesMeasuredAtFairValueMonetaryVariation to label_FinancialLiabilitiesMeasuredAtFairValueMonetaryVariation_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FinancialLiabilitiesMeasuredAtFairValueSettlement" xlink:label="FinancialLiabilitiesMeasuredAtFairValueSettlement" xlink:title="FinancialLiabilitiesMeasuredAtFairValueSettlement" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesMeasuredAtFairValueSettlement" xlink:to="label_FinancialLiabilitiesMeasuredAtFairValueSettlement" xlink:title="Label : FinancialLiabilitiesMeasuredAtFairValueSettlement to label_FinancialLiabilitiesMeasuredAtFairValueSettlement" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EnergyTradingFuturesContractsLiabilitiesMember" xlink:to="label_EnergyTradingFuturesContractsLiabilitiesMember_1" xlink:title="Label : EnergyTradingFuturesContractsLiabilitiesMember to label_EnergyTradingFuturesContractsLiabilitiesMember_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EnergyTradingFuturesContractsLiabilitiesMember" xlink:to="label_EnergyTradingFuturesContractsLiabilitiesMember_2" xlink:title="Label : EnergyTradingFuturesContractsLiabilitiesMember to label_EnergyTradingFuturesContractsLiabilitiesMember_2" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReceivablesAndOtherAssetsMember" xlink:to="label_OtherReceivablesAndOtherAssetsMember" xlink:title="Label : OtherReceivablesAndOtherAssetsMember to label_OtherReceivablesAndOtherAssetsMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReceivablesAndOtherAssetsMember" xlink:to="label_OtherReceivablesAndOtherAssetsMember_1" xlink:title="Label : OtherReceivablesAndOtherAssetsMember to label_OtherReceivablesAndOtherAssetsMember_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReceivablesAndOtherAssetsMember" xlink:to="label_OtherReceivablesAndOtherAssetsMember_2" xlink:title="Label : OtherReceivablesAndOtherAssetsMember to label_OtherReceivablesAndOtherAssetsMember_2" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EnergyTradingFuturesContractsAssetsMember" xlink:to="label_EnergyTradingFuturesContractsAssetsMember" xlink:title="Label : EnergyTradingFuturesContractsAssetsMember to label_EnergyTradingFuturesContractsAssetsMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EnergyTradingFuturesContractsAssetsMember" xlink:to="label_EnergyTradingFuturesContractsAssetsMember_1" xlink:title="Label : EnergyTradingFuturesContractsAssetsMember to label_EnergyTradingFuturesContractsAssetsMember_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EnergyTradingFuturesContractsAssetsMember" xlink:to="label_EnergyTradingFuturesContractsAssetsMember_2" xlink:title="Label : EnergyTradingFuturesContractsAssetsMember to label_EnergyTradingFuturesContractsAssetsMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FinancialInvestmentsSecuritiesAndFundsInForeignCurrencyMember" xlink:label="FinancialInvestmentsSecuritiesAndFundsInForeignCurrencyMember" xlink:title="FinancialInvestmentsSecuritiesAndFundsInForeignCurrencyMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsSecuritiesAndFundsInForeignCurrencyMember" xlink:to="label_FinancialInvestmentsSecuritiesAndFundsInForeignCurrencyMember" xlink:title="Label : FinancialInvestmentsSecuritiesAndFundsInForeignCurrencyMember to label_FinancialInvestmentsSecuritiesAndFundsInForeignCurrencyMember" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ForeignExchangeInterestRateAndCommodityHedgingInstrumentLiabilitiesMember" xlink:label="ForeignExchangeInterestRateAndCommodityHedgingInstrumentLiabilitiesMember" xlink:title="ForeignExchangeInterestRateAndCommodityHedgingInstrumentLiabilitiesMember" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SummaryOfAssetsAndLiabilitiesInForeignCurrenciesTableTextBlock" xlink:label="SummaryOfAssetsAndLiabilitiesInForeignCurrenciesTableTextBlock" xlink:title="SummaryOfAssetsAndLiabilitiesInForeignCurrenciesTableTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfAssetsAndLiabilitiesInForeignCurrenciesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SummaryOfAssetsAndLiabilitiesInForeignCurrenciesTableTextBlock" xml:lang="en-US" id="label_SummaryOfAssetsAndLiabilitiesInForeignCurrenciesTableTextBlock">The tabular disclosure of assets and liabilities in foreign currencies.</link:label>
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfJointVenturesAndAssociatesTable" xlink:label="DisclosureOfJointVenturesAndAssociatesTable" xlink:title="DisclosureOfJointVenturesAndAssociatesTable" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfJointVenturesAndAssociatesTable" xlink:to="label_DisclosureOfJointVenturesAndAssociatesTable_1" xlink:title="Label : DisclosureOfJointVenturesAndAssociatesTable to label_DisclosureOfJointVenturesAndAssociatesTable_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CustomerrelatedIntangibleAssetsMember" xlink:to="label_CustomerrelatedIntangibleAssetsMember" xlink:title="Label : CustomerrelatedIntangibleAssetsMember to label_CustomerrelatedIntangibleAssetsMember" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PortionOfSubsequentConsiderationPaidConsistingOfCashAndCashEquivalents" xlink:label="PortionOfSubsequentConsiderationPaidConsistingOfCashAndCashEquivalents" xlink:title="PortionOfSubsequentConsiderationPaidConsistingOfCashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:label="label_PortionOfSubsequentConsiderationPaidConsistingOfCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PortionOfSubsequentConsiderationPaidConsistingOfCashAndCashEquivalents" xml:lang="en-US" id="label_PortionOfSubsequentConsiderationPaidConsistingOfCashAndCashEquivalents">Contingent consideration settled</link:label>
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    <link:label xlink:type="resource" xlink:label="label_FairValueOfInvesteesAssetsAndLiabilitiesRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueOfInvesteesAssetsAndLiabilitiesRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_FairValueOfInvesteesAssetsAndLiabilitiesRecognisedAsOfAcquisitionDate_1">Fair Value of Investees Assets and Liabilities Recognised as of Acquisition Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueOfInvesteesAssetsAndLiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="label_FairValueOfInvesteesAssetsAndLiabilitiesRecognisedAsOfAcquisitionDate_1" xlink:title="Label : FairValueOfInvesteesAssetsAndLiabilitiesRecognisedAsOfAcquisitionDate to label_FairValueOfInvesteesAssetsAndLiabilitiesRecognisedAsOfAcquisitionDate_1" />
    <link:label xlink:type="resource" xlink:label="label_FairValueOfInvesteesAssetsAndLiabilitiesRecognisedAsOfAcquisitionDate_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_FairValueOfInvesteesAssetsAndLiabilitiesRecognisedAsOfAcquisitionDate_2" xml:lang="en-US" id="label_FairValueOfInvesteesAssetsAndLiabilitiesRecognisedAsOfAcquisitionDate_2">Fair value of investee&#x2019;s assets and liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueOfInvesteesAssetsAndLiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="label_FairValueOfInvesteesAssetsAndLiabilitiesRecognisedAsOfAcquisitionDate_2" xlink:title="Label : FairValueOfInvesteesAssetsAndLiabilitiesRecognisedAsOfAcquisitionDate to label_FairValueOfInvesteesAssetsAndLiabilitiesRecognisedAsOfAcquisitionDate_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DerivativeInstrumentsRecognisedAsOfAcquisitionDate" xlink:label="DerivativeInstrumentsRecognisedAsOfAcquisitionDate" xlink:title="DerivativeInstrumentsRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_DerivativeInstrumentsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DerivativeInstrumentsRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_DerivativeInstrumentsRecognisedAsOfAcquisitionDate">The amount recognised as of the acquisition date for derivative instruments acquired in a business combination.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeInstrumentsRecognisedAsOfAcquisitionDate" xlink:to="label_DerivativeInstrumentsRecognisedAsOfAcquisitionDate" xlink:title="Label : DerivativeInstrumentsRecognisedAsOfAcquisitionDate to label_DerivativeInstrumentsRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_DerivativeInstrumentsRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DerivativeInstrumentsRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_DerivativeInstrumentsRecognisedAsOfAcquisitionDate_1">Derivative instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeInstrumentsRecognisedAsOfAcquisitionDate" xlink:to="label_DerivativeInstrumentsRecognisedAsOfAcquisitionDate_1" xlink:title="Label : DerivativeInstrumentsRecognisedAsOfAcquisitionDate to label_DerivativeInstrumentsRecognisedAsOfAcquisitionDate_1" />
    <link:label xlink:type="resource" xlink:label="label_DerivativeInstrumentsRecognisedAsOfAcquisitionDate_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DerivativeInstrumentsRecognisedAsOfAcquisitionDate_2" xml:lang="en-US" id="label_DerivativeInstrumentsRecognisedAsOfAcquisitionDate_2">Derivative Instruments Recognised as of Acquisition Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeInstrumentsRecognisedAsOfAcquisitionDate" xlink:to="label_DerivativeInstrumentsRecognisedAsOfAcquisitionDate_2" xlink:title="Label : DerivativeInstrumentsRecognisedAsOfAcquisitionDate to label_DerivativeInstrumentsRecognisedAsOfAcquisitionDate_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xlink:label="PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xlink:title="PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate">Property, plant and equipment, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xlink:to="label_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xlink:title="Label : PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate to label_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OtherReceivablesAndOtherAssetsRecognisedAsOfAcquisitionDate" xlink:label="OtherReceivablesAndOtherAssetsRecognisedAsOfAcquisitionDate" xlink:title="OtherReceivablesAndOtherAssetsRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_OtherReceivablesAndOtherAssetsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherReceivablesAndOtherAssetsRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_OtherReceivablesAndOtherAssetsRecognisedAsOfAcquisitionDate">Other receivables and other assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReceivablesAndOtherAssetsRecognisedAsOfAcquisitionDate" xlink:to="label_OtherReceivablesAndOtherAssetsRecognisedAsOfAcquisitionDate" xlink:title="Label : OtherReceivablesAndOtherAssetsRecognisedAsOfAcquisitionDate to label_OtherReceivablesAndOtherAssetsRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_OtherReceivablesAndOtherAssetsRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherReceivablesAndOtherAssetsRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_OtherReceivablesAndOtherAssetsRecognisedAsOfAcquisitionDate_1">Other Receivables and Other Assets Recognised as of Acquisition Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReceivablesAndOtherAssetsRecognisedAsOfAcquisitionDate" xlink:to="label_OtherReceivablesAndOtherAssetsRecognisedAsOfAcquisitionDate_1" xlink:title="Label : OtherReceivablesAndOtherAssetsRecognisedAsOfAcquisitionDate to label_OtherReceivablesAndOtherAssetsRecognisedAsOfAcquisitionDate_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PrepaidExpensesRecognisedAsOfAcquisitionDate" xlink:label="PrepaidExpensesRecognisedAsOfAcquisitionDate" xlink:title="PrepaidExpensesRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_PrepaidExpensesRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PrepaidExpensesRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_PrepaidExpensesRecognisedAsOfAcquisitionDate">The amount recognised as of the acquisition date for prepaid expenses acquired in a business combination.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidExpensesRecognisedAsOfAcquisitionDate" xlink:to="label_PrepaidExpensesRecognisedAsOfAcquisitionDate" xlink:title="Label : PrepaidExpensesRecognisedAsOfAcquisitionDate to label_PrepaidExpensesRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_PrepaidExpensesRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PrepaidExpensesRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_PrepaidExpensesRecognisedAsOfAcquisitionDate_1">Prepaid expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidExpensesRecognisedAsOfAcquisitionDate" xlink:to="label_PrepaidExpensesRecognisedAsOfAcquisitionDate_1" xlink:title="Label : PrepaidExpensesRecognisedAsOfAcquisitionDate to label_PrepaidExpensesRecognisedAsOfAcquisitionDate_1" />
    <link:label xlink:type="resource" xlink:label="label_PrepaidExpensesRecognisedAsOfAcquisitionDate_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PrepaidExpensesRecognisedAsOfAcquisitionDate_2" xml:lang="en-US" id="label_PrepaidExpensesRecognisedAsOfAcquisitionDate_2">Prepaid Expenses Recognised as of Acquisition Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidExpensesRecognisedAsOfAcquisitionDate" xlink:to="label_PrepaidExpensesRecognisedAsOfAcquisitionDate_2" xlink:title="Label : PrepaidExpensesRecognisedAsOfAcquisitionDate to label_PrepaidExpensesRecognisedAsOfAcquisitionDate_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_GoodwillRecognisedAsOfAcquisitionDate" xlink:label="GoodwillRecognisedAsOfAcquisitionDate" xlink:title="GoodwillRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_GoodwillRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_GoodwillRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_GoodwillRecognisedAsOfAcquisitionDate">Provisional goodwill on acquisition of investment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GoodwillRecognisedAsOfAcquisitionDate" xlink:to="label_GoodwillRecognisedAsOfAcquisitionDate" xlink:title="Label : GoodwillRecognisedAsOfAcquisitionDate to label_GoodwillRecognisedAsOfAcquisitionDate" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InvestmentAccountedForUsingEquityMethod" xlink:label="InvestmentAccountedForUsingEquityMethod" xlink:title="InvestmentAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_InvestmentAccountedForUsingEquityMethod" xml:lang="en-US" id="label_InvestmentAccountedForUsingEquityMethod">Joint venture and Associates, ending</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentAccountedForUsingEquityMethod" xlink:to="label_InvestmentAccountedForUsingEquityMethod" xlink:title="Label : InvestmentAccountedForUsingEquityMethod to label_InvestmentAccountedForUsingEquityMethod" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:label="IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:title="IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate">Total financial asset transferred to the investments line item</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:to="label_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:title="Label : IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate to label_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_1">Intangible assets, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:to="label_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_1" xlink:title="Label : IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate to label_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss" xlink:label="FinancialAssetsAtFairValueThroughProfitOrLoss" xlink:title="FinancialAssetsAtFairValueThroughProfitOrLoss" />
    <link:label xlink:type="resource" xlink:label="label_FinancialAssetsAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinancialAssetsAtFairValueThroughProfitOrLoss" xml:lang="en-US" id="label_FinancialAssetsAtFairValueThroughProfitOrLoss">Gain (loss) on fair value adjustment of financial assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialAssetsAtFairValueThroughProfitOrLoss" xlink:to="label_FinancialAssetsAtFairValueThroughProfitOrLoss" xlink:title="Label : FinancialAssetsAtFairValueThroughProfitOrLoss to label_FinancialAssetsAtFairValueThroughProfitOrLoss" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate" xlink:label="FinancialAssetsRecognisedAsOfAcquisitionDate" xlink:title="FinancialAssetsRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_FinancialAssetsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinancialAssetsRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_FinancialAssetsRecognisedAsOfAcquisitionDate">Amount paid for the acquisition of shares &#x2013; financial asset</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialAssetsRecognisedAsOfAcquisitionDate" xlink:to="label_FinancialAssetsRecognisedAsOfAcquisitionDate" xlink:title="Label : FinancialAssetsRecognisedAsOfAcquisitionDate to label_FinancialAssetsRecognisedAsOfAcquisitionDate" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SubsequentAcquisitionsOfAdditionalInterests" xlink:label="SubsequentAcquisitionsOfAdditionalInterests" xlink:title="SubsequentAcquisitionsOfAdditionalInterests" />
    <link:label xlink:type="resource" xlink:label="label_SubsequentAcquisitionsOfAdditionalInterests" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SubsequentAcquisitionsOfAdditionalInterests" xml:lang="en-US" id="label_SubsequentAcquisitionsOfAdditionalInterests">The amount of subsequent acquisition of interest using equity method.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsequentAcquisitionsOfAdditionalInterests" xlink:to="label_SubsequentAcquisitionsOfAdditionalInterests" xlink:title="Label : SubsequentAcquisitionsOfAdditionalInterests to label_SubsequentAcquisitionsOfAdditionalInterests" />
    <link:label xlink:type="resource" xlink:label="label_SubsequentAcquisitionsOfAdditionalInterests_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SubsequentAcquisitionsOfAdditionalInterests_1" xml:lang="en-US" id="label_SubsequentAcquisitionsOfAdditionalInterests_1">Subsequent acquisitions of additional interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsequentAcquisitionsOfAdditionalInterests" xlink:to="label_SubsequentAcquisitionsOfAdditionalInterests_1" xlink:title="Label : SubsequentAcquisitionsOfAdditionalInterests to label_SubsequentAcquisitionsOfAdditionalInterests_1" />
    <link:label xlink:type="resource" xlink:label="label_SubsequentAcquisitionsOfAdditionalInterests_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubsequentAcquisitionsOfAdditionalInterests_2" xml:lang="en-US" id="label_SubsequentAcquisitionsOfAdditionalInterests_2">Subsequent Acquisitions of Additional Interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsequentAcquisitionsOfAdditionalInterests" xlink:to="label_SubsequentAcquisitionsOfAdditionalInterests_2" xlink:title="Label : SubsequentAcquisitionsOfAdditionalInterests to label_SubsequentAcquisitionsOfAdditionalInterests_2" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialAssetsAtFairValueThroughProfitOrLoss" xlink:to="label_FinancialAssetsAtFairValueThroughProfitOrLoss_1" xlink:title="Label : FinancialAssetsAtFairValueThroughProfitOrLoss to label_FinancialAssetsAtFairValueThroughProfitOrLoss_1" />
    <link:label xlink:type="resource" xlink:label="label_FinancialAssetsRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialAssetsRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_FinancialAssetsRecognisedAsOfAcquisitionDate_1">Financial assets recognised as of acquisition date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialAssetsRecognisedAsOfAcquisitionDate" xlink:to="label_FinancialAssetsRecognisedAsOfAcquisitionDate_1" xlink:title="Label : FinancialAssetsRecognisedAsOfAcquisitionDate to label_FinancialAssetsRecognisedAsOfAcquisitionDate_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_WtzParticipacoesSAMember" xlink:label="WtzParticipacoesSAMember" xlink:title="WtzParticipacoesSAMember" />
    <link:label xlink:type="resource" xlink:label="label_WtzParticipacoesSAMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_WtzParticipacoesSAMember" xml:lang="en-US" id="label_WtzParticipacoesSAMember">WTZ Participa&#xE7;&#xF5;es S.A. [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WtzParticipacoesSAMember" xlink:to="label_WtzParticipacoesSAMember" xlink:title="Label : WtzParticipacoesSAMember to label_WtzParticipacoesSAMember" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_UltracargoLogisticaSAMember" xlink:label="UltracargoLogisticaSAMember" xlink:title="UltracargoLogisticaSAMember" />
    <link:label xlink:type="resource" xlink:label="label_UltracargoLogisticaSAMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_UltracargoLogisticaSAMember" xml:lang="en-US" id="label_UltracargoLogisticaSAMember">Ultracargo Log&#xED;stica S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltracargoLogisticaSAMember" xlink:to="label_UltracargoLogisticaSAMember" xlink:title="Label : UltracargoLogisticaSAMember to label_UltracargoLogisticaSAMember" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ScheduleOfTransactionAmountsForAcquiringInterestTableTextBlock" xlink:label="ScheduleOfTransactionAmountsForAcquiringInterestTableTextBlock" xlink:title="ScheduleOfTransactionAmountsForAcquiringInterestTableTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_ScheduleOfTransactionAmountsForAcquiringInterestTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ScheduleOfTransactionAmountsForAcquiringInterestTableTextBlock" xml:lang="en-US" id="label_ScheduleOfTransactionAmountsForAcquiringInterestTableTextBlock">Tabular disclosure of transaction amounts for acquiring an interest.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfTransactionAmountsForAcquiringInterestTableTextBlock" xlink:to="label_ScheduleOfTransactionAmountsForAcquiringInterestTableTextBlock" xlink:title="Label : ScheduleOfTransactionAmountsForAcquiringInterestTableTextBlock to label_ScheduleOfTransactionAmountsForAcquiringInterestTableTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_ScheduleOfTransactionAmountsForAcquiringInterestTableTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ScheduleOfTransactionAmountsForAcquiringInterestTableTextBlock_1" xml:lang="en-US" id="label_ScheduleOfTransactionAmountsForAcquiringInterestTableTextBlock_1">Schedule of transaction amounts for acquiring an interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfTransactionAmountsForAcquiringInterestTableTextBlock" xlink:to="label_ScheduleOfTransactionAmountsForAcquiringInterestTableTextBlock_1" xlink:title="Label : ScheduleOfTransactionAmountsForAcquiringInterestTableTextBlock to label_ScheduleOfTransactionAmountsForAcquiringInterestTableTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_ScheduleOfTransactionAmountsForAcquiringInterestTableTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ScheduleOfTransactionAmountsForAcquiringInterestTableTextBlock_2" xml:lang="en-US" id="label_ScheduleOfTransactionAmountsForAcquiringInterestTableTextBlock_2">Schedule of Transaction Amounts for Acquiring Interest [Table Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfTransactionAmountsForAcquiringInterestTableTextBlock" xlink:to="label_ScheduleOfTransactionAmountsForAcquiringInterestTableTextBlock_2" xlink:title="Label : ScheduleOfTransactionAmountsForAcquiringInterestTableTextBlock to label_ScheduleOfTransactionAmountsForAcquiringInterestTableTextBlock_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory" xlink:label="DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory" xlink:title="DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory">Acquisition of Interest and Control</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory" xlink:title="Label : DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory to label_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TaxEffectOfTaxIncentives" xlink:label="TaxEffectOfTaxIncentives" xlink:title="TaxEffectOfTaxIncentives" />
    <link:label xlink:type="resource" xlink:label="label_TaxEffectOfTaxIncentives" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TaxEffectOfTaxIncentives" xml:lang="en-US" id="label_TaxEffectOfTaxIncentives">Tax incentives &#x2013; SUDENE</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxEffectOfTaxIncentives" xlink:to="label_TaxEffectOfTaxIncentives" xlink:title="Label : TaxEffectOfTaxIncentives to label_TaxEffectOfTaxIncentives" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TaxEffectFromInterestOnCapital" xlink:label="TaxEffectFromInterestOnCapital" xlink:title="TaxEffectFromInterestOnCapital" />
    <link:label xlink:type="resource" xlink:label="label_TaxEffectFromInterestOnCapital" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_TaxEffectFromInterestOnCapital" xml:lang="en-US" id="label_TaxEffectFromInterestOnCapital">Interest on capital between subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxEffectFromInterestOnCapital" xlink:to="label_TaxEffectFromInterestOnCapital" xlink:title="Label : TaxEffectFromInterestOnCapital to label_TaxEffectFromInterestOnCapital" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DecreaseThroughProvisionForTaxMattersReversedEscrowDeposits" xlink:label="DecreaseThroughProvisionForTaxMattersReversedEscrowDeposits" xlink:title="DecreaseThroughProvisionForTaxMattersReversedEscrowDeposits" />
    <link:label xlink:type="resource" xlink:label="label_DecreaseThroughProvisionForTaxMattersReversedEscrowDeposits" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DecreaseThroughProvisionForTaxMattersReversedEscrowDeposits" xml:lang="en-US" id="label_DecreaseThroughProvisionForTaxMattersReversedEscrowDeposits">The decrease in escrow deposits resulting from the reversal of provision for tax matters.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseThroughProvisionForTaxMattersReversedEscrowDeposits" xlink:to="label_DecreaseThroughProvisionForTaxMattersReversedEscrowDeposits" xlink:title="Label : DecreaseThroughProvisionForTaxMattersReversedEscrowDeposits to label_DecreaseThroughProvisionForTaxMattersReversedEscrowDeposits" />
    <link:label xlink:type="resource" xlink:label="label_DecreaseThroughProvisionForTaxMattersReversedEscrowDeposits_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DecreaseThroughProvisionForTaxMattersReversedEscrowDeposits_1" xml:lang="en-US" id="label_DecreaseThroughProvisionForTaxMattersReversedEscrowDeposits_1">Decrease through provision for tax matters reversed, escrow deposits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseThroughProvisionForTaxMattersReversedEscrowDeposits" xlink:to="label_DecreaseThroughProvisionForTaxMattersReversedEscrowDeposits_1" xlink:title="Label : DecreaseThroughProvisionForTaxMattersReversedEscrowDeposits to label_DecreaseThroughProvisionForTaxMattersReversedEscrowDeposits_1" />
    <link:label xlink:type="resource" xlink:label="label_DecreaseThroughProvisionForTaxMattersReversedEscrowDeposits_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DecreaseThroughProvisionForTaxMattersReversedEscrowDeposits_2" xml:lang="en-US" id="label_DecreaseThroughProvisionForTaxMattersReversedEscrowDeposits_2">Decrease Through Provision For Tax Matters Reversed, Escrow Deposits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseThroughProvisionForTaxMattersReversedEscrowDeposits" xlink:to="label_DecreaseThroughProvisionForTaxMattersReversedEscrowDeposits_2" xlink:title="Label : DecreaseThroughProvisionForTaxMattersReversedEscrowDeposits to label_DecreaseThroughProvisionForTaxMattersReversedEscrowDeposits_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_UnusedProvisionReversalsOfUpdatesOtherProvisions" xlink:label="UnusedProvisionReversalsOfUpdatesOtherProvisions" xlink:title="UnusedProvisionReversalsOfUpdatesOtherProvisions" />
    <link:label xlink:type="resource" xlink:label="label_UnusedProvisionReversalsOfUpdatesOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UnusedProvisionReversalsOfUpdatesOtherProvisions" xml:lang="en-US" id="label_UnusedProvisionReversalsOfUpdatesOtherProvisions">The amount of reversals of updates for unused other provisions.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnusedProvisionReversalsOfUpdatesOtherProvisions" xlink:to="label_UnusedProvisionReversalsOfUpdatesOtherProvisions" xlink:title="Label : UnusedProvisionReversalsOfUpdatesOtherProvisions to label_UnusedProvisionReversalsOfUpdatesOtherProvisions" />
    <link:label xlink:type="resource" xlink:label="label_UnusedProvisionReversalsOfUpdatesOtherProvisions_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_UnusedProvisionReversalsOfUpdatesOtherProvisions_1" xml:lang="en-US" id="label_UnusedProvisionReversalsOfUpdatesOtherProvisions_1">Unused provision reversed, other provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnusedProvisionReversalsOfUpdatesOtherProvisions" xlink:to="label_UnusedProvisionReversalsOfUpdatesOtherProvisions_1" xlink:title="Label : UnusedProvisionReversalsOfUpdatesOtherProvisions to label_UnusedProvisionReversalsOfUpdatesOtherProvisions_1" />
    <link:label xlink:type="resource" xlink:label="label_UnusedProvisionReversalsOfUpdatesOtherProvisions_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnusedProvisionReversalsOfUpdatesOtherProvisions_2" xml:lang="en-US" id="label_UnusedProvisionReversalsOfUpdatesOtherProvisions_2">Unused provision reversals of updates, other provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnusedProvisionReversalsOfUpdatesOtherProvisions" xlink:to="label_UnusedProvisionReversalsOfUpdatesOtherProvisions_2" xlink:title="Label : UnusedProvisionReversalsOfUpdatesOtherProvisions to label_UnusedProvisionReversalsOfUpdatesOtherProvisions_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TaxContingentLiabilityMember" xlink:label="TaxContingentLiabilityMember" xlink:title="TaxContingentLiabilityMember" />
    <link:label xlink:type="resource" xlink:label="label_TaxContingentLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TaxContingentLiabilityMember" xml:lang="en-US" id="label_TaxContingentLiabilityMember">Tax [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxContingentLiabilityMember" xlink:to="label_TaxContingentLiabilityMember" xlink:title="Label : TaxContingentLiabilityMember to label_TaxContingentLiabilityMember" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PossibleContingency" xlink:label="PossibleContingency" xlink:title="PossibleContingency" />
    <link:label xlink:type="resource" xlink:label="label_PossibleContingency" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PossibleContingency" xml:lang="en-US" id="label_PossibleContingency">Total Contingent liabilities (possible)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PossibleContingency" xlink:to="label_PossibleContingency" xlink:title="Label : PossibleContingency to label_PossibleContingency" />
    <link:label xlink:type="resource" xlink:label="label_TaxContingentLiabilityMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaxContingentLiabilityMember_1" xml:lang="en-US" id="label_TaxContingentLiabilityMember_1">Tax contingent liability [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxContingentLiabilityMember" xlink:to="label_TaxContingentLiabilityMember_1" xlink:title="Label : TaxContingentLiabilityMember to label_TaxContingentLiabilityMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LaborContingentLiabilityMember" xlink:label="LaborContingentLiabilityMember" xlink:title="LaborContingentLiabilityMember" />
    <link:label xlink:type="resource" xlink:label="label_LaborContingentLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LaborContingentLiabilityMember" xml:lang="en-US" id="label_LaborContingentLiabilityMember">This member stands for the information pertaining to "Labor contingent liability".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaborContingentLiabilityMember" xlink:to="label_LaborContingentLiabilityMember" xlink:title="Label : LaborContingentLiabilityMember to label_LaborContingentLiabilityMember" />
    <link:label xlink:type="resource" xlink:label="label_LaborContingentLiabilityMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaborContingentLiabilityMember_1" xml:lang="en-US" id="label_LaborContingentLiabilityMember_1">Labor [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaborContingentLiabilityMember" xlink:to="label_LaborContingentLiabilityMember_1" xlink:title="Label : LaborContingentLiabilityMember to label_LaborContingentLiabilityMember_1" />
    <link:label xlink:type="resource" xlink:label="label_LaborContingentLiabilityMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaborContingentLiabilityMember_2" xml:lang="en-US" id="label_LaborContingentLiabilityMember_2">Labor contingent liability [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaborContingentLiabilityMember" xlink:to="label_LaborContingentLiabilityMember_2" xlink:title="Label : LaborContingentLiabilityMember to label_LaborContingentLiabilityMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CivilContingentLiabilityMember" xlink:label="CivilContingentLiabilityMember" xlink:title="CivilContingentLiabilityMember" />
    <link:label xlink:type="resource" xlink:label="label_CivilContingentLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CivilContingentLiabilityMember" xml:lang="en-US" id="label_CivilContingentLiabilityMember">This member stands for the information pertaining to "Civil contingent liability".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CivilContingentLiabilityMember" xlink:to="label_CivilContingentLiabilityMember" xlink:title="Label : CivilContingentLiabilityMember to label_CivilContingentLiabilityMember" />
    <link:label xlink:type="resource" xlink:label="label_CivilContingentLiabilityMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CivilContingentLiabilityMember_1" xml:lang="en-US" id="label_CivilContingentLiabilityMember_1">Civil [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CivilContingentLiabilityMember" xlink:to="label_CivilContingentLiabilityMember_1" xlink:title="Label : CivilContingentLiabilityMember to label_CivilContingentLiabilityMember_1" />
    <link:label xlink:type="resource" xlink:label="label_CivilContingentLiabilityMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CivilContingentLiabilityMember_2" xml:lang="en-US" id="label_CivilContingentLiabilityMember_2">Civil contingent liability [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CivilContingentLiabilityMember" xlink:to="label_CivilContingentLiabilityMember_2" xlink:title="Label : CivilContingentLiabilityMember to label_CivilContingentLiabilityMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfContingentLiabilitiesDomain" xlink:label="ClassesOfContingentLiabilitiesDomain" xlink:title="ClassesOfContingentLiabilitiesDomain" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfContingentLiabilitiesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfContingentLiabilitiesDomain" xml:lang="en-US" id="label_ClassesOfContingentLiabilitiesDomain">Classes of contingent liabilities [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfContingentLiabilitiesDomain" xlink:to="label_ClassesOfContingentLiabilitiesDomain" xlink:title="Label : ClassesOfContingentLiabilitiesDomain to label_ClassesOfContingentLiabilitiesDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfContingentLiabilitiesAxis" xlink:label="ClassesOfContingentLiabilitiesAxis" xlink:title="ClassesOfContingentLiabilitiesAxis" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfContingentLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfContingentLiabilitiesAxis" xml:lang="en-US" id="label_ClassesOfContingentLiabilitiesAxis">Classes of contingent liabilities [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfContingentLiabilitiesAxis" xlink:to="label_ClassesOfContingentLiabilitiesAxis" xlink:title="Label : ClassesOfContingentLiabilitiesAxis to label_ClassesOfContingentLiabilitiesAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfContingentLiabilitiesExplanatory" xlink:label="DisclosureOfContingentLiabilitiesExplanatory" xlink:title="DisclosureOfContingentLiabilitiesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfContingentLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfContingentLiabilitiesExplanatory" xml:lang="en-US" id="label_DisclosureOfContingentLiabilitiesExplanatory">Balances of Contingent liabilities (possible) by nature</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfContingentLiabilitiesExplanatory" xlink:to="label_DisclosureOfContingentLiabilitiesExplanatory" xlink:title="Label : DisclosureOfContingentLiabilitiesExplanatory to label_DisclosureOfContingentLiabilitiesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfContingentLiabilitiesExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfContingentLiabilitiesExplanatory_1" xml:lang="en-US" id="label_DisclosureOfContingentLiabilitiesExplanatory_1">Disclosure of contingent liabilities [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfContingentLiabilitiesExplanatory" xlink:to="label_DisclosureOfContingentLiabilitiesExplanatory_1" xlink:title="Label : DisclosureOfContingentLiabilitiesExplanatory to label_DisclosureOfContingentLiabilitiesExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ExchangeVariationNetOfGainsAndLossesHedgingInstruments" xlink:label="ExchangeVariationNetOfGainsAndLossesHedgingInstruments" xlink:title="ExchangeVariationNetOfGainsAndLossesHedgingInstruments" />
    <link:label xlink:type="resource" xlink:label="label_ExchangeVariationNetOfGainsAndLossesHedgingInstruments" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ExchangeVariationNetOfGainsAndLossesHedgingInstruments" xml:lang="en-US" id="label_ExchangeVariationNetOfGainsAndLossesHedgingInstruments">Foreign exchange variations, net of gain (loss) on derivative financial instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExchangeVariationNetOfGainsAndLossesHedgingInstruments" xlink:to="label_ExchangeVariationNetOfGainsAndLossesHedgingInstruments" xlink:title="Label : ExchangeVariationNetOfGainsAndLossesHedgingInstruments to label_ExchangeVariationNetOfGainsAndLossesHedgingInstruments" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PrepaymentOfTradeRelatedDebt" xlink:label="PrepaymentOfTradeRelatedDebt" xlink:title="PrepaymentOfTradeRelatedDebt" />
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    <link:label xlink:type="resource" xlink:label="label_PrepaymentOfTradeRelatedDebt_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PrepaymentOfTradeRelatedDebt_2" xml:lang="en-US" id="label_PrepaymentOfTradeRelatedDebt_2">Prepayment Of Trade Related Debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaymentOfTradeRelatedDebt" xlink:to="label_PrepaymentOfTradeRelatedDebt_2" xlink:title="Label : PrepaymentOfTradeRelatedDebt to label_PrepaymentOfTradeRelatedDebt_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_GainsLossesOnHedgingInstrument" xlink:label="GainsLossesOnHedgingInstrument" xlink:title="GainsLossesOnHedgingInstrument" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnHedgingInstrument" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_GainsLossesOnHedgingInstrument" xml:lang="en-US" id="label_GainsLossesOnHedgingInstrument">Gains (losses) Fair value adjustment of debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnHedgingInstrument" xlink:to="label_GainsLossesOnHedgingInstrument" xlink:title="Label : GainsLossesOnHedgingInstrument to label_GainsLossesOnHedgingInstrument" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ActuarialAssumptionOfDiscountRatesForLifeInsurance" xlink:label="ActuarialAssumptionOfDiscountRatesForLifeInsurance" xlink:title="ActuarialAssumptionOfDiscountRatesForLifeInsurance" />
    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionOfDiscountRatesForLifeInsurance" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ActuarialAssumptionOfDiscountRatesForLifeInsurance" xml:lang="en-US" id="label_ActuarialAssumptionOfDiscountRatesForLifeInsurance">The discount rate used as the significant actuarial assumption to determine the present value of a defined benefit obligation for life insurance.</link:label>
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ActuarialAssumptionOfDiscountRatesForIndemnificationOfSeverance" xlink:label="ActuarialAssumptionOfDiscountRatesForIndemnificationOfSeverance" xlink:title="ActuarialAssumptionOfDiscountRatesForIndemnificationOfSeverance" />
    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionOfDiscountRatesForIndemnificationOfSeverance" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ActuarialAssumptionOfDiscountRatesForIndemnificationOfSeverance" xml:lang="en-US" id="label_ActuarialAssumptionOfDiscountRatesForIndemnificationOfSeverance">The discount rate used as the significant actuarial assumption to determine the present value of a defined benefit obligation for indemnification of severance.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionOfDiscountRatesForIndemnificationOfSeverance" xlink:to="label_ActuarialAssumptionOfDiscountRatesForIndemnificationOfSeverance" xlink:title="Label : ActuarialAssumptionOfDiscountRatesForIndemnificationOfSeverance to label_ActuarialAssumptionOfDiscountRatesForIndemnificationOfSeverance" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncreaseDecreaseThroughTransfersOfFinancialAssetsToInvestmentsAccountedForUsingEquityMethod" xlink:label="IncreaseDecreaseThroughTransfersOfFinancialAssetsToInvestmentsAccountedForUsingEquityMethod" xlink:title="IncreaseDecreaseThroughTransfersOfFinancialAssetsToInvestmentsAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughTransfersOfFinancialAssetsToInvestmentsAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughTransfersOfFinancialAssetsToInvestmentsAccountedForUsingEquityMethod" xml:lang="en-US" id="label_IncreaseDecreaseThroughTransfersOfFinancialAssetsToInvestmentsAccountedForUsingEquityMethod">Transfers of financial assets to investments</link:label>
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    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughTransfersOfFinancialAssetsToInvestmentsAccountedForUsingEquityMethod_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughTransfersOfFinancialAssetsToInvestmentsAccountedForUsingEquityMethod_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughTransfersOfFinancialAssetsToInvestmentsAccountedForUsingEquityMethod_1">Increase (Decrease) Through Transfers of Financial Assets to Investments Accounted for Using Equity Method</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTransfersOfFinancialAssetsToInvestmentsAccountedForUsingEquityMethod" xlink:to="label_IncreaseDecreaseThroughTransfersOfFinancialAssetsToInvestmentsAccountedForUsingEquityMethod_1" xlink:title="Label : IncreaseDecreaseThroughTransfersOfFinancialAssetsToInvestmentsAccountedForUsingEquityMethod to label_IncreaseDecreaseThroughTransfersOfFinancialAssetsToInvestmentsAccountedForUsingEquityMethod_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdvancesForFutureCapitalIncreaseInvestmentAccountedForUsingEquityMethod" xlink:label="AdvancesForFutureCapitalIncreaseInvestmentAccountedForUsingEquityMethod" xlink:title="AdvancesForFutureCapitalIncreaseInvestmentAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_AdvancesForFutureCapitalIncreaseInvestmentAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdvancesForFutureCapitalIncreaseInvestmentAccountedForUsingEquityMethod" xml:lang="en-US" id="label_AdvancesForFutureCapitalIncreaseInvestmentAccountedForUsingEquityMethod">The amount of advances for future capital increase investment accounted for using equity method.</link:label>
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" xlink:label="AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" xlink:title="AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" xml:lang="en-US" id="label_AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod">The amount of amortization of fair value adjustment on investment accounted for using equity method.</link:label>
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    <link:label xlink:type="resource" xlink:label="label_AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod_1" xml:lang="en-US" id="label_AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod_1">Amortization of Fair Value Adjustment on Investment Accounted for Using Equity Method</link:label>
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" xlink:label="TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" xlink:title="TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" xml:lang="en-US" id="label_TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions">The amount of trade payables and related parties liabilities to related party transactions.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" xlink:to="label_TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" xlink:title="Label : TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions to label_TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" xlink:label="TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" xlink:title="TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" xml:lang="en-US" id="label_TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions">The amount of trade receivables, other receivables and related parties assets from related party transactions.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" xlink:to="label_TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" xlink:title="Label : TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions to label_TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions_1" xml:lang="en-US" id="label_TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions_1">Trade Receivables Other Receivables And Related Parties Assets From Related Party Transactions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" xlink:to="label_TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions_1" xlink:title="Label : TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions to label_TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForNonCashReclassificationBetweenFinancialAssetsAndInvestmentInAssociates" xlink:label="AdjustmentsForNonCashReclassificationBetweenFinancialAssetsAndInvestmentInAssociates" xlink:title="AdjustmentsForNonCashReclassificationBetweenFinancialAssetsAndInvestmentInAssociates" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForNonCashReclassificationBetweenFinancialAssetsAndInvestmentInAssociates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustmentsForNonCashReclassificationBetweenFinancialAssetsAndInvestmentInAssociates" xml:lang="en-US" id="label_AdjustmentsForNonCashReclassificationBetweenFinancialAssetsAndInvestmentInAssociates">Adjustments for non-cash reclassification between financial assets and investment in associates.</link:label>
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    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForNonCashReclassificationBetweenFinancialAssetsAndInvestmentInAssociates_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentsForNonCashReclassificationBetweenFinancialAssetsAndInvestmentInAssociates_1" xml:lang="en-US" id="label_AdjustmentsForNonCashReclassificationBetweenFinancialAssetsAndInvestmentInAssociates_1">Reclassification between financial assets and investment in associates</link:label>
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    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForNonCashReclassificationBetweenFinancialAssetsAndInvestmentInAssociates_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsForNonCashReclassificationBetweenFinancialAssetsAndInvestmentInAssociates_2" xml:lang="en-US" id="label_AdjustmentsForNonCashReclassificationBetweenFinancialAssetsAndInvestmentInAssociates_2">Adjustments dor Non-cash Reclassification Between Financial Assets and Investment in Associates</link:label>
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities" xlink:label="PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities" xlink:title="PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities" xml:lang="en-US" id="label_PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities">The cash outflow from acquisition of property, plant and equipment and intangible assets, classified as investing activities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities" xlink:to="label_PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities" xlink:title="Label : PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities to label_PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities_1" xml:lang="en-US" id="label_PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities_1">Acquisition of property, plant and equipment and intangible assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities" xlink:to="label_PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities_1" xlink:title="Label : PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities to label_PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities_1" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities_2" xml:lang="en-US" id="label_PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities_2">Purchase of Property Plant and Equipment and Intangible Assets Classified as Investing Activities</link:label>
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForGainLossOnFairValueOfEnergyContracts" xlink:label="AdjustmentsForGainLossOnFairValueOfEnergyContracts" xlink:title="AdjustmentsForGainLossOnFairValueOfEnergyContracts" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForGainLossOnFairValueOfEnergyContracts" xlink:to="label_AdjustmentsForGainLossOnFairValueOfEnergyContracts" xlink:title="Label : AdjustmentsForGainLossOnFairValueOfEnergyContracts to label_AdjustmentsForGainLossOnFairValueOfEnergyContracts" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" xlink:label="IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" xlink:title="IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" xml:lang="en-US" id="label_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset">Deferred IRPJ and CSLL recognized on company acquisition</link:label>
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeAdjustments" xlink:label="ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeAdjustments" xlink:title="ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeAdjustments" />
    <link:label xlink:type="resource" xlink:label="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeAdjustments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeAdjustments" xml:lang="en-US" id="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeAdjustments">The amount of share of profit (loss) of associates and joint ventures accounted for using equity method before adjustments.</link:label>
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    <link:label xlink:type="resource" xlink:label="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeAdjustments_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeAdjustments_1" xml:lang="en-US" id="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeAdjustments_1">Share of profit (loss) of subsidiaries, joint ventures and associates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeAdjustments" xlink:to="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeAdjustments_1" xlink:title="Label : ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeAdjustments to label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeAdjustments_1" />
    <link:label xlink:type="resource" xlink:label="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeAdjustments_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeAdjustments_2" xml:lang="en-US" id="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeAdjustments_2">Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method Before Adjustments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeAdjustments" xlink:to="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeAdjustments_2" xlink:title="Label : ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeAdjustments to label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeAdjustments_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations" xlink:label="CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations" xlink:title="CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations" xml:lang="en-US" id="label_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations">Net cash (consumed) provided by financing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations" xlink:to="label_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations" xlink:title="Label : CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations to label_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" xlink:label="CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" xlink:title="CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" xml:lang="en-US" id="label_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations">Net cash (consumed) provided by operating activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" xlink:to="label_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" xlink:title="Label : CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations to label_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ResellerFinancingAveragePaymentTerm" xlink:label="ResellerFinancingAveragePaymentTerm" xlink:title="ResellerFinancingAveragePaymentTerm" />
    <link:label xlink:type="resource" xlink:label="label_ResellerFinancingAveragePaymentTerm" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ResellerFinancingAveragePaymentTerm" xml:lang="en-US" id="label_ResellerFinancingAveragePaymentTerm">The average payment term of reseller financing.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ResellerFinancingAveragePaymentTerm" xlink:to="label_ResellerFinancingAveragePaymentTerm" xlink:title="Label : ResellerFinancingAveragePaymentTerm to label_ResellerFinancingAveragePaymentTerm" />
    <link:label xlink:type="resource" xlink:label="label_ResellerFinancingAveragePaymentTerm_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ResellerFinancingAveragePaymentTerm_1" xml:lang="en-US" id="label_ResellerFinancingAveragePaymentTerm_1">Reseller financing average payment term</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ResellerFinancingAveragePaymentTerm" xlink:to="label_ResellerFinancingAveragePaymentTerm_1" xlink:title="Label : ResellerFinancingAveragePaymentTerm to label_ResellerFinancingAveragePaymentTerm_1" />
    <link:label xlink:type="resource" xlink:label="label_ResellerFinancingAveragePaymentTerm_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ResellerFinancingAveragePaymentTerm_2" xml:lang="en-US" id="label_ResellerFinancingAveragePaymentTerm_2">Reseller Financing Average Payment Term</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ResellerFinancingAveragePaymentTerm" xlink:to="label_ResellerFinancingAveragePaymentTerm_2" xlink:title="Label : ResellerFinancingAveragePaymentTerm to label_ResellerFinancingAveragePaymentTerm_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BorrowingsAdjustmentToInterestRateBasis" xlink:label="BorrowingsAdjustmentToInterestRateBasis" xlink:title="BorrowingsAdjustmentToInterestRateBasis" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsAdjustmentToInterestRateBasis" xlink:role="http://www.xbrl.org/2003/role/positiveVerboseLabel" xlink:title="label_BorrowingsAdjustmentToInterestRateBasis" xml:lang="en-US" id="label_BorrowingsAdjustmentToInterestRateBasis">Hedge instrument</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsAdjustmentToInterestRateBasis" xlink:to="label_BorrowingsAdjustmentToInterestRateBasis" xlink:title="Label : BorrowingsAdjustmentToInterestRateBasis to label_BorrowingsAdjustmentToInterestRateBasis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BorrowingsInterestRate" xlink:label="BorrowingsInterestRate" xlink:title="BorrowingsInterestRate" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsInterestRate" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_BorrowingsInterestRate" xml:lang="en-US" id="label_BorrowingsInterestRate">Weighted average financial charges 2024 (p.a.)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsInterestRate" xlink:to="label_BorrowingsInterestRate" xlink:title="Label : BorrowingsInterestRate to label_BorrowingsInterestRate" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OperationsContractedSeventeenMember" xlink:label="OperationsContractedSeventeenMember" xlink:title="OperationsContractedSeventeenMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedSeventeenMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OperationsContractedSeventeenMember" xml:lang="en-US" id="label_OperationsContractedSeventeenMember">This member stands for the information pertaining to operation contracted seventeen.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedSeventeenMember" xlink:to="label_OperationsContractedSeventeenMember" xlink:title="Label : OperationsContractedSeventeenMember to label_OperationsContractedSeventeenMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedSeventeenMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperationsContractedSeventeenMember_1" xml:lang="en-US" id="label_OperationsContractedSeventeenMember_1">Operation contracted seventeen [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedSeventeenMember" xlink:to="label_OperationsContractedSeventeenMember_1" xlink:title="Label : OperationsContractedSeventeenMember to label_OperationsContractedSeventeenMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedSeventeenMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperationsContractedSeventeenMember_2" xml:lang="en-US" id="label_OperationsContractedSeventeenMember_2">Operation Contracted Seventeen [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedSeventeenMember" xlink:to="label_OperationsContractedSeventeenMember_2" xlink:title="Label : OperationsContractedSeventeenMember to label_OperationsContractedSeventeenMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OperationsContractedSixteenMember" xlink:label="OperationsContractedSixteenMember" xlink:title="OperationsContractedSixteenMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedSixteenMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OperationsContractedSixteenMember" xml:lang="en-US" id="label_OperationsContractedSixteenMember">This member stands for the information pertaining to operation contracted sixteen.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedSixteenMember" xlink:to="label_OperationsContractedSixteenMember" xlink:title="Label : OperationsContractedSixteenMember to label_OperationsContractedSixteenMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedSixteenMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperationsContractedSixteenMember_1" xml:lang="en-US" id="label_OperationsContractedSixteenMember_1">Operation contracted sixteen [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedSixteenMember" xlink:to="label_OperationsContractedSixteenMember_1" xlink:title="Label : OperationsContractedSixteenMember to label_OperationsContractedSixteenMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedSixteenMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperationsContractedSixteenMember_2" xml:lang="en-US" id="label_OperationsContractedSixteenMember_2">Operation Contracted Sixteen [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedSixteenMember" xlink:to="label_OperationsContractedSixteenMember_2" xlink:title="Label : OperationsContractedSixteenMember to label_OperationsContractedSixteenMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OperationsContractedFifteenMember" xlink:label="OperationsContractedFifteenMember" xlink:title="OperationsContractedFifteenMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedFifteenMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OperationsContractedFifteenMember" xml:lang="en-US" id="label_OperationsContractedFifteenMember">This member stands for the information pertaining to operation contracted fifteen.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedFifteenMember" xlink:to="label_OperationsContractedFifteenMember" xlink:title="Label : OperationsContractedFifteenMember to label_OperationsContractedFifteenMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedFifteenMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperationsContractedFifteenMember_1" xml:lang="en-US" id="label_OperationsContractedFifteenMember_1">Operation contracted fifteen [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedFifteenMember" xlink:to="label_OperationsContractedFifteenMember_1" xlink:title="Label : OperationsContractedFifteenMember to label_OperationsContractedFifteenMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedFifteenMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperationsContractedFifteenMember_2" xml:lang="en-US" id="label_OperationsContractedFifteenMember_2">Operation Contracted Fifteen [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedFifteenMember" xlink:to="label_OperationsContractedFifteenMember_2" xlink:title="Label : OperationsContractedFifteenMember to label_OperationsContractedFifteenMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OperationsContractedFourteenMember" xlink:label="OperationsContractedFourteenMember" xlink:title="OperationsContractedFourteenMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedFourteenMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OperationsContractedFourteenMember" xml:lang="en-US" id="label_OperationsContractedFourteenMember">This member stands for the information pertaining to operation contracted fourteen.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedFourteenMember" xlink:to="label_OperationsContractedFourteenMember" xlink:title="Label : OperationsContractedFourteenMember to label_OperationsContractedFourteenMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedFourteenMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperationsContractedFourteenMember_1" xml:lang="en-US" id="label_OperationsContractedFourteenMember_1">Operation contracted fourteen [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedFourteenMember" xlink:to="label_OperationsContractedFourteenMember_1" xlink:title="Label : OperationsContractedFourteenMember to label_OperationsContractedFourteenMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedFourteenMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperationsContractedFourteenMember_2" xml:lang="en-US" id="label_OperationsContractedFourteenMember_2">Operation Contracted Fourteen [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedFourteenMember" xlink:to="label_OperationsContractedFourteenMember_2" xlink:title="Label : OperationsContractedFourteenMember to label_OperationsContractedFourteenMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OperationsContractedThirteenMember" xlink:label="OperationsContractedThirteenMember" xlink:title="OperationsContractedThirteenMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedThirteenMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OperationsContractedThirteenMember" xml:lang="en-US" id="label_OperationsContractedThirteenMember">This member stands for the information pertaining to operation contracted thirteen.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedThirteenMember" xlink:to="label_OperationsContractedThirteenMember" xlink:title="Label : OperationsContractedThirteenMember to label_OperationsContractedThirteenMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedThirteenMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperationsContractedThirteenMember_1" xml:lang="en-US" id="label_OperationsContractedThirteenMember_1">Operation contracted thirteen [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedThirteenMember" xlink:to="label_OperationsContractedThirteenMember_1" xlink:title="Label : OperationsContractedThirteenMember to label_OperationsContractedThirteenMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedThirteenMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperationsContractedThirteenMember_2" xml:lang="en-US" id="label_OperationsContractedThirteenMember_2">Operation Contracted Thirteen [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedThirteenMember" xlink:to="label_OperationsContractedThirteenMember_2" xlink:title="Label : OperationsContractedThirteenMember to label_OperationsContractedThirteenMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OperationsContractedTwelveMember" xlink:label="OperationsContractedTwelveMember" xlink:title="OperationsContractedTwelveMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedTwelveMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OperationsContractedTwelveMember" xml:lang="en-US" id="label_OperationsContractedTwelveMember">This member stands for the information pertaining to operation contracted twelve.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedTwelveMember" xlink:to="label_OperationsContractedTwelveMember" xlink:title="Label : OperationsContractedTwelveMember to label_OperationsContractedTwelveMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedTwelveMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperationsContractedTwelveMember_1" xml:lang="en-US" id="label_OperationsContractedTwelveMember_1">Operation contracted twelve [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedTwelveMember" xlink:to="label_OperationsContractedTwelveMember_1" xlink:title="Label : OperationsContractedTwelveMember to label_OperationsContractedTwelveMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedTwelveMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperationsContractedTwelveMember_2" xml:lang="en-US" id="label_OperationsContractedTwelveMember_2">Operation Contracted Twelve [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedTwelveMember" xlink:to="label_OperationsContractedTwelveMember_2" xlink:title="Label : OperationsContractedTwelveMember to label_OperationsContractedTwelveMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OperationsContractedElevenMember" xlink:label="OperationsContractedElevenMember" xlink:title="OperationsContractedElevenMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedElevenMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OperationsContractedElevenMember" xml:lang="en-US" id="label_OperationsContractedElevenMember">This member stands for the information pertaining to operation contracted eleven.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedElevenMember" xlink:to="label_OperationsContractedElevenMember" xlink:title="Label : OperationsContractedElevenMember to label_OperationsContractedElevenMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedElevenMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperationsContractedElevenMember_1" xml:lang="en-US" id="label_OperationsContractedElevenMember_1">Operation contracted eleven [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedElevenMember" xlink:to="label_OperationsContractedElevenMember_1" xlink:title="Label : OperationsContractedElevenMember to label_OperationsContractedElevenMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedElevenMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperationsContractedElevenMember_2" xml:lang="en-US" id="label_OperationsContractedElevenMember_2">Operation Contracted Eleven [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedElevenMember" xlink:to="label_OperationsContractedElevenMember_2" xlink:title="Label : OperationsContractedElevenMember to label_OperationsContractedElevenMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OperationsContractedTenMember" xlink:label="OperationsContractedTenMember" xlink:title="OperationsContractedTenMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedTenMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OperationsContractedTenMember" xml:lang="en-US" id="label_OperationsContractedTenMember">This member stands for the information pertaining to operation contracted ten.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedTenMember" xlink:to="label_OperationsContractedTenMember" xlink:title="Label : OperationsContractedTenMember to label_OperationsContractedTenMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedTenMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperationsContractedTenMember_1" xml:lang="en-US" id="label_OperationsContractedTenMember_1">Operation contracted ten [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedTenMember" xlink:to="label_OperationsContractedTenMember_1" xlink:title="Label : OperationsContractedTenMember to label_OperationsContractedTenMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedTenMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperationsContractedTenMember_2" xml:lang="en-US" id="label_OperationsContractedTenMember_2">Operation Contracted Ten [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedTenMember" xlink:to="label_OperationsContractedTenMember_2" xlink:title="Label : OperationsContractedTenMember to label_OperationsContractedTenMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OperationsContractedNineMember" xlink:label="OperationsContractedNineMember" xlink:title="OperationsContractedNineMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedNineMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OperationsContractedNineMember" xml:lang="en-US" id="label_OperationsContractedNineMember">This member stands for the information pertaining to operation contracted nine.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedNineMember" xlink:to="label_OperationsContractedNineMember" xlink:title="Label : OperationsContractedNineMember to label_OperationsContractedNineMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedNineMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperationsContractedNineMember_1" xml:lang="en-US" id="label_OperationsContractedNineMember_1">Operation contracted nine [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedNineMember" xlink:to="label_OperationsContractedNineMember_1" xlink:title="Label : OperationsContractedNineMember to label_OperationsContractedNineMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedNineMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperationsContractedNineMember_2" xml:lang="en-US" id="label_OperationsContractedNineMember_2">Operation Contracted Nine [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedNineMember" xlink:to="label_OperationsContractedNineMember_2" xlink:title="Label : OperationsContractedNineMember to label_OperationsContractedNineMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OperationsContractedEightMember" xlink:label="OperationsContractedEightMember" xlink:title="OperationsContractedEightMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedEightMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OperationsContractedEightMember" xml:lang="en-US" id="label_OperationsContractedEightMember">This member stands for the information pertaining to operation contracted eight.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedEightMember" xlink:to="label_OperationsContractedEightMember" xlink:title="Label : OperationsContractedEightMember to label_OperationsContractedEightMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedEightMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperationsContractedEightMember_1" xml:lang="en-US" id="label_OperationsContractedEightMember_1">Operation contracted eight [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedEightMember" xlink:to="label_OperationsContractedEightMember_1" xlink:title="Label : OperationsContractedEightMember to label_OperationsContractedEightMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedEightMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperationsContractedEightMember_2" xml:lang="en-US" id="label_OperationsContractedEightMember_2">Operation Contracted Eight [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedEightMember" xlink:to="label_OperationsContractedEightMember_2" xlink:title="Label : OperationsContractedEightMember to label_OperationsContractedEightMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OperationsContractedSevenMember" xlink:label="OperationsContractedSevenMember" xlink:title="OperationsContractedSevenMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedSevenMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OperationsContractedSevenMember" xml:lang="en-US" id="label_OperationsContractedSevenMember">This member stands for the information pertaining to operation contracted seven.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedSevenMember" xlink:to="label_OperationsContractedSevenMember" xlink:title="Label : OperationsContractedSevenMember to label_OperationsContractedSevenMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedSevenMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperationsContractedSevenMember_1" xml:lang="en-US" id="label_OperationsContractedSevenMember_1">Operation contracted seven [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedSevenMember" xlink:to="label_OperationsContractedSevenMember_1" xlink:title="Label : OperationsContractedSevenMember to label_OperationsContractedSevenMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedSevenMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperationsContractedSevenMember_2" xml:lang="en-US" id="label_OperationsContractedSevenMember_2">Operation Contracted Seven [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedSevenMember" xlink:to="label_OperationsContractedSevenMember_2" xlink:title="Label : OperationsContractedSevenMember to label_OperationsContractedSevenMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OperationsContractedSixMember" xlink:label="OperationsContractedSixMember" xlink:title="OperationsContractedSixMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedSixMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OperationsContractedSixMember" xml:lang="en-US" id="label_OperationsContractedSixMember">This member stands for the information pertaining to operation contracted six.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedSixMember" xlink:to="label_OperationsContractedSixMember" xlink:title="Label : OperationsContractedSixMember to label_OperationsContractedSixMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedSixMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperationsContractedSixMember_1" xml:lang="en-US" id="label_OperationsContractedSixMember_1">Operation contracted six [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedSixMember" xlink:to="label_OperationsContractedSixMember_1" xlink:title="Label : OperationsContractedSixMember to label_OperationsContractedSixMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedSixMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperationsContractedSixMember_2" xml:lang="en-US" id="label_OperationsContractedSixMember_2">Operation Cotracted Six [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedSixMember" xlink:to="label_OperationsContractedSixMember_2" xlink:title="Label : OperationsContractedSixMember to label_OperationsContractedSixMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OperationsContractedFiveMember" xlink:label="OperationsContractedFiveMember" xlink:title="OperationsContractedFiveMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedFiveMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OperationsContractedFiveMember" xml:lang="en-US" id="label_OperationsContractedFiveMember">This member stands for the information pertaining to operation contracted five.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedFiveMember" xlink:to="label_OperationsContractedFiveMember" xlink:title="Label : OperationsContractedFiveMember to label_OperationsContractedFiveMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedFiveMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperationsContractedFiveMember_1" xml:lang="en-US" id="label_OperationsContractedFiveMember_1">Operation contracted five [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedFiveMember" xlink:to="label_OperationsContractedFiveMember_1" xlink:title="Label : OperationsContractedFiveMember to label_OperationsContractedFiveMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedFiveMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperationsContractedFiveMember_2" xml:lang="en-US" id="label_OperationsContractedFiveMember_2">Operation Contracted Five [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedFiveMember" xlink:to="label_OperationsContractedFiveMember_2" xlink:title="Label : OperationsContractedFiveMember to label_OperationsContractedFiveMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OperationsContractedFourMember" xlink:label="OperationsContractedFourMember" xlink:title="OperationsContractedFourMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedFourMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OperationsContractedFourMember" xml:lang="en-US" id="label_OperationsContractedFourMember">This member stands for the information pertaining to operation contracted four.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedFourMember" xlink:to="label_OperationsContractedFourMember" xlink:title="Label : OperationsContractedFourMember to label_OperationsContractedFourMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedFourMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperationsContractedFourMember_1" xml:lang="en-US" id="label_OperationsContractedFourMember_1">Operation contracted four [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedFourMember" xlink:to="label_OperationsContractedFourMember_1" xlink:title="Label : OperationsContractedFourMember to label_OperationsContractedFourMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedFourMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperationsContractedFourMember_2" xml:lang="en-US" id="label_OperationsContractedFourMember_2">Operation Contracted Four [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedFourMember" xlink:to="label_OperationsContractedFourMember_2" xlink:title="Label : OperationsContractedFourMember to label_OperationsContractedFourMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OperationsContractedThreeMember" xlink:label="OperationsContractedThreeMember" xlink:title="OperationsContractedThreeMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedThreeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OperationsContractedThreeMember" xml:lang="en-US" id="label_OperationsContractedThreeMember">This member stands for the information pertaining to operation contracted three.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedThreeMember" xlink:to="label_OperationsContractedThreeMember" xlink:title="Label : OperationsContractedThreeMember to label_OperationsContractedThreeMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedThreeMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperationsContractedThreeMember_1" xml:lang="en-US" id="label_OperationsContractedThreeMember_1">Operation contracted three [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedThreeMember" xlink:to="label_OperationsContractedThreeMember_1" xlink:title="Label : OperationsContractedThreeMember to label_OperationsContractedThreeMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedThreeMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperationsContractedThreeMember_2" xml:lang="en-US" id="label_OperationsContractedThreeMember_2">Operation Contracted Three [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedThreeMember" xlink:to="label_OperationsContractedThreeMember_2" xlink:title="Label : OperationsContractedThreeMember to label_OperationsContractedThreeMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OperationsContractedTwoMember" xlink:label="OperationsContractedTwoMember" xlink:title="OperationsContractedTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedTwoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OperationsContractedTwoMember" xml:lang="en-US" id="label_OperationsContractedTwoMember">This member stands for the information pertaining to operation contracted two.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedTwoMember" xlink:to="label_OperationsContractedTwoMember" xlink:title="Label : OperationsContractedTwoMember to label_OperationsContractedTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedTwoMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperationsContractedTwoMember_1" xml:lang="en-US" id="label_OperationsContractedTwoMember_1">Operation contracted two [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedTwoMember" xlink:to="label_OperationsContractedTwoMember_1" xlink:title="Label : OperationsContractedTwoMember to label_OperationsContractedTwoMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedTwoMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperationsContractedTwoMember_2" xml:lang="en-US" id="label_OperationsContractedTwoMember_2">Operation Contracted Two [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedTwoMember" xlink:to="label_OperationsContractedTwoMember_2" xlink:title="Label : OperationsContractedTwoMember to label_OperationsContractedTwoMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CollateralFinancingRealGuarantees" xlink:label="CollateralFinancingRealGuarantees" xlink:title="CollateralFinancingRealGuarantees" />
    <link:label xlink:type="resource" xlink:label="label_CollateralFinancingRealGuarantees" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CollateralFinancingRealGuarantees" xml:lang="en-US" id="label_CollateralFinancingRealGuarantees">The amount of collateral financing with real guarantees.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CollateralFinancingRealGuarantees" xlink:to="label_CollateralFinancingRealGuarantees" xlink:title="Label : CollateralFinancingRealGuarantees to label_CollateralFinancingRealGuarantees" />
    <link:label xlink:type="resource" xlink:label="label_CollateralFinancingRealGuarantees_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CollateralFinancingRealGuarantees_1" xml:lang="en-US" id="label_CollateralFinancingRealGuarantees_1">Amount of financing with real guarantees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CollateralFinancingRealGuarantees" xlink:to="label_CollateralFinancingRealGuarantees_1" xlink:title="Label : CollateralFinancingRealGuarantees to label_CollateralFinancingRealGuarantees_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TransactionCostsFinancialInstruments" xlink:label="TransactionCostsFinancialInstruments" xlink:title="TransactionCostsFinancialInstruments" />
    <link:label xlink:type="resource" xlink:label="label_TransactionCostsFinancialInstruments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TransactionCostsFinancialInstruments" xml:lang="en-US" id="label_TransactionCostsFinancialInstruments">Transaction costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransactionCostsFinancialInstruments" xlink:to="label_TransactionCostsFinancialInstruments" xlink:title="Label : TransactionCostsFinancialInstruments to label_TransactionCostsFinancialInstruments" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebenturesThirdIssueMember" xlink:label="DebenturesThirdIssueMember" xlink:title="DebenturesThirdIssueMember" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesThirdIssueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebenturesThirdIssueMember" xml:lang="en-US" id="label_DebenturesThirdIssueMember">This member stands for information pertaining to third issue of debentures.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesThirdIssueMember" xlink:to="label_DebenturesThirdIssueMember" xlink:title="Label : DebenturesThirdIssueMember to label_DebenturesThirdIssueMember" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesThirdIssueMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebenturesThirdIssueMember_1" xml:lang="en-US" id="label_DebenturesThirdIssueMember_1">Debentures third issue [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesThirdIssueMember" xlink:to="label_DebenturesThirdIssueMember_1" xlink:title="Label : DebenturesThirdIssueMember to label_DebenturesThirdIssueMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesThirdIssueMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebenturesThirdIssueMember_2" xml:lang="en-US" id="label_DebenturesThirdIssueMember_2">Debentures third issue [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesThirdIssueMember" xlink:to="label_DebenturesThirdIssueMember_2" xlink:title="Label : DebenturesThirdIssueMember to label_DebenturesThirdIssueMember_2" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsAdjustmentToInterestRateBasis_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_BorrowingsAdjustmentToInterestRateBasis_1" xml:lang="en-US" id="label_BorrowingsAdjustmentToInterestRateBasis_1">Cost in percentage of DI</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsAdjustmentToInterestRateBasis" xlink:to="label_BorrowingsAdjustmentToInterestRateBasis_1" xlink:title="Label : BorrowingsAdjustmentToInterestRateBasis to label_BorrowingsAdjustmentToInterestRateBasis_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebentureFifteenMember" xlink:label="DebentureFifteenMember" xlink:title="DebentureFifteenMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureFifteenMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebentureFifteenMember" xml:lang="en-US" id="label_DebentureFifteenMember">This member stands for the information pertaining to debenture fifteen.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureFifteenMember" xlink:to="label_DebentureFifteenMember" xlink:title="Label : DebentureFifteenMember to label_DebentureFifteenMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureFifteenMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebentureFifteenMember_1" xml:lang="en-US" id="label_DebentureFifteenMember_1">Debenture fifteen [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureFifteenMember" xlink:to="label_DebentureFifteenMember_1" xlink:title="Label : DebentureFifteenMember to label_DebentureFifteenMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebentureFifteenMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebentureFifteenMember_2" xml:lang="en-US" id="label_DebentureFifteenMember_2">Debenture fifteen [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureFifteenMember" xlink:to="label_DebentureFifteenMember_2" xlink:title="Label : DebentureFifteenMember to label_DebentureFifteenMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebentureFourteenMember" xlink:label="DebentureFourteenMember" xlink:title="DebentureFourteenMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureFourteenMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebentureFourteenMember" xml:lang="en-US" id="label_DebentureFourteenMember">This member stands for the information pertaining to debenture fourteen.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureFourteenMember" xlink:to="label_DebentureFourteenMember" xlink:title="Label : DebentureFourteenMember to label_DebentureFourteenMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureFourteenMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebentureFourteenMember_1" xml:lang="en-US" id="label_DebentureFourteenMember_1">Debenture Fourteen [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureFourteenMember" xlink:to="label_DebentureFourteenMember_1" xlink:title="Label : DebentureFourteenMember to label_DebentureFourteenMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebentureFourteenMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebentureFourteenMember_2" xml:lang="en-US" id="label_DebentureFourteenMember_2">Debenture Fourteen [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureFourteenMember" xlink:to="label_DebentureFourteenMember_2" xlink:title="Label : DebentureFourteenMember to label_DebentureFourteenMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory" xlink:label="DisclosureOfDetailedInformationAboutBorrowingsExplanatory" xlink:title="DisclosureOfDetailedInformationAboutBorrowingsExplanatory" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SummaryOfOperationsContractedLoansTableTextBlock" xlink:label="SummaryOfOperationsContractedLoansTableTextBlock" xlink:title="SummaryOfOperationsContractedLoansTableTextBlock" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfOperationsContractedLoansTableTextBlock" xlink:to="label_SummaryOfOperationsContractedLoansTableTextBlock" xlink:title="Label : SummaryOfOperationsContractedLoansTableTextBlock to label_SummaryOfOperationsContractedLoansTableTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfOperationsContractedLoansTableTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SummaryOfOperationsContractedLoansTableTextBlock_1" xml:lang="en-US" id="label_SummaryOfOperationsContractedLoansTableTextBlock_1">Summary of main operations contracted loans</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfOperationsContractedLoansTableTextBlock" xlink:to="label_SummaryOfOperationsContractedLoansTableTextBlock_1" xlink:title="Label : SummaryOfOperationsContractedLoansTableTextBlock to label_SummaryOfOperationsContractedLoansTableTextBlock_1" />
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    <link:label xlink:type="resource" xlink:label="label_WtzParticipacoesSAMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WtzParticipacoesSAMember_1" xml:lang="en-US" id="label_WtzParticipacoesSAMember_1">Wtz Participacoes S A [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WtzParticipacoesSAMember" xlink:to="label_WtzParticipacoesSAMember_1" xlink:title="Label : WtzParticipacoesSAMember to label_WtzParticipacoesSAMember_1" />
    <link:label xlink:type="resource" xlink:label="label_WtzParticipacoesSAMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_WtzParticipacoesSAMember_2" xml:lang="en-US" id="label_WtzParticipacoesSAMember_2">This member stands for the information pertaining to "Wtz Participa&#xE7;&#xF5;es S.A.".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WtzParticipacoesSAMember" xlink:to="label_WtzParticipacoesSAMember_2" xlink:title="Label : WtzParticipacoesSAMember to label_WtzParticipacoesSAMember_2" />
    <link:label xlink:type="resource" xlink:label="label_WtzParticipacoesSAMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_WtzParticipacoesSAMember_3" xml:lang="en-US" id="label_WtzParticipacoesSAMember_3">WTZ (27.b) [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WtzParticipacoesSAMember" xlink:to="label_WtzParticipacoesSAMember_3" xlink:title="Label : WtzParticipacoesSAMember to label_WtzParticipacoesSAMember_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NumberOfSharesAuthorised" xlink:label="NumberOfSharesAuthorised" xlink:title="NumberOfSharesAuthorised" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfSharesAuthorised" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfSharesAuthorised" xml:lang="en-US" id="label_NumberOfSharesAuthorised">Shares buyback program authorized common shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesAuthorised" xlink:to="label_NumberOfSharesAuthorised" xlink:title="Label : NumberOfSharesAuthorised to label_NumberOfSharesAuthorised" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DividendPayableDate" xlink:label="DividendPayableDate" xlink:title="DividendPayableDate" />
    <link:label xlink:type="resource" xlink:label="label_DividendPayableDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendPayableDate" xml:lang="en-US" id="label_DividendPayableDate">Dividend payable date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendPayableDate" xlink:to="label_DividendPayableDate" xlink:title="Label : DividendPayableDate to label_DividendPayableDate" />
    <link:label xlink:type="resource" xlink:label="label_DividendPayableDate_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DividendPayableDate_1" xml:lang="en-US" id="label_DividendPayableDate_1">Date the declared dividend will be paid.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendPayableDate" xlink:to="label_DividendPayableDate_1" xlink:title="Label : DividendPayableDate to label_DividendPayableDate_1" />
    <link:label xlink:type="resource" xlink:label="label_DividendPayableDate_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendPayableDate_2" xml:lang="en-US" id="label_DividendPayableDate_2">Dividend Payable Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendPayableDate" xlink:to="label_DividendPayableDate_2" xlink:title="Label : DividendPayableDate to label_DividendPayableDate_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" xlink:label="ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" xlink:title="ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" />
    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" xml:lang="en-US" id="label_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases">Average projected salary growth rate &#x2013; FGTS indemnity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" xlink:to="label_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" xlink:title="Label : ActuarialAssumptionOfExpectedRatesOfSalaryIncreases to label_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" />
    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases_1" xml:lang="en-US" id="label_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases_1">Average projected salary growth rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" xlink:to="label_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases_1" xlink:title="Label : ActuarialAssumptionOfExpectedRatesOfSalaryIncreases to label_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ActuarialAssumptionOfAverageDiscountRateOfMedicalServices" xlink:label="ActuarialAssumptionOfAverageDiscountRateOfMedicalServices" xlink:title="ActuarialAssumptionOfAverageDiscountRateOfMedicalServices" />
    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionOfAverageDiscountRateOfMedicalServices" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ActuarialAssumptionOfAverageDiscountRateOfMedicalServices" xml:lang="en-US" id="label_ActuarialAssumptionOfAverageDiscountRateOfMedicalServices">Average discount rate of medical services</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionOfAverageDiscountRateOfMedicalServices" xlink:to="label_ActuarialAssumptionOfAverageDiscountRateOfMedicalServices" xlink:title="Label : ActuarialAssumptionOfAverageDiscountRateOfMedicalServices to label_ActuarialAssumptionOfAverageDiscountRateOfMedicalServices" />
    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionOfDiscountRatesForLifeInsurance_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ActuarialAssumptionOfDiscountRatesForLifeInsurance_1" xml:lang="en-US" id="label_ActuarialAssumptionOfDiscountRatesForLifeInsurance_1">Discount rate for the actuarial obligation at present value &#x2013; Life insurance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionOfDiscountRatesForLifeInsurance" xlink:to="label_ActuarialAssumptionOfDiscountRatesForLifeInsurance_1" xlink:title="Label : ActuarialAssumptionOfDiscountRatesForLifeInsurance to label_ActuarialAssumptionOfDiscountRatesForLifeInsurance_1" />
    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionOfDiscountRatesForLifeInsurance_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ActuarialAssumptionOfDiscountRatesForLifeInsurance_2" xml:lang="en-US" id="label_ActuarialAssumptionOfDiscountRatesForLifeInsurance_2">Actuarial Assumption Of Discount Rates For Life Insurance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionOfDiscountRatesForLifeInsurance" xlink:to="label_ActuarialAssumptionOfDiscountRatesForLifeInsurance_2" xlink:title="Label : ActuarialAssumptionOfDiscountRatesForLifeInsurance to label_ActuarialAssumptionOfDiscountRatesForLifeInsurance_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ActuarialAssumptionOfDiscountRatesForBonus" xlink:label="ActuarialAssumptionOfDiscountRatesForBonus" xlink:title="ActuarialAssumptionOfDiscountRatesForBonus" />
    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionOfDiscountRatesForBonus" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ActuarialAssumptionOfDiscountRatesForBonus" xml:lang="en-US" id="label_ActuarialAssumptionOfDiscountRatesForBonus">The discount rate used as the significant actuarial assumption to determine the present value of a defined benefit obligation for bunus.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionOfDiscountRatesForBonus" xlink:to="label_ActuarialAssumptionOfDiscountRatesForBonus" xlink:title="Label : ActuarialAssumptionOfDiscountRatesForBonus to label_ActuarialAssumptionOfDiscountRatesForBonus" />
    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionOfDiscountRatesForBonus_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ActuarialAssumptionOfDiscountRatesForBonus_1" xml:lang="en-US" id="label_ActuarialAssumptionOfDiscountRatesForBonus_1">Discount rate for the actuarial obligation at present value &#x2013; Bonus</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionOfDiscountRatesForBonus" xlink:to="label_ActuarialAssumptionOfDiscountRatesForBonus_1" xlink:title="Label : ActuarialAssumptionOfDiscountRatesForBonus to label_ActuarialAssumptionOfDiscountRatesForBonus_1" />
    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionOfDiscountRatesForBonus_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ActuarialAssumptionOfDiscountRatesForBonus_2" xml:lang="en-US" id="label_ActuarialAssumptionOfDiscountRatesForBonus_2">Actuarial Assumption Of Discount Rates For Bonus</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionOfDiscountRatesForBonus" xlink:to="label_ActuarialAssumptionOfDiscountRatesForBonus_2" xlink:title="Label : ActuarialAssumptionOfDiscountRatesForBonus to label_ActuarialAssumptionOfDiscountRatesForBonus_2" />
    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionOfDiscountRatesForIndemnificationOfSeverance_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ActuarialAssumptionOfDiscountRatesForIndemnificationOfSeverance_1" xml:lang="en-US" id="label_ActuarialAssumptionOfDiscountRatesForIndemnificationOfSeverance_1">Discount rate for the actuarial obligation at present value &#x2013; Indemnification of FGTS</link:label>
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    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionOfDiscountRatesForIndemnificationOfSeverance_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ActuarialAssumptionOfDiscountRatesForIndemnificationOfSeverance_2" xml:lang="en-US" id="label_ActuarialAssumptionOfDiscountRatesForIndemnificationOfSeverance_2">Actuarial Assumption Of Discount Rates For Indemnification Of Severance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionOfDiscountRatesForIndemnificationOfSeverance" xlink:to="label_ActuarialAssumptionOfDiscountRatesForIndemnificationOfSeverance_2" xlink:title="Label : ActuarialAssumptionOfDiscountRatesForIndemnificationOfSeverance to label_ActuarialAssumptionOfDiscountRatesForIndemnificationOfSeverance_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SurplusDeficitInPlan" xlink:label="SurplusDeficitInPlan" xlink:title="SurplusDeficitInPlan" />
    <link:label xlink:type="resource" xlink:label="label_SurplusDeficitInPlan" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SurplusDeficitInPlan" xml:lang="en-US" id="label_SurplusDeficitInPlan">Surplus (deficit) in plan</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SurplusDeficitInPlan" xlink:to="label_SurplusDeficitInPlan" xlink:title="Label : SurplusDeficitInPlan to label_SurplusDeficitInPlan" />
    <link:label xlink:type="resource" xlink:label="label_SurplusDeficitInPlan_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_SurplusDeficitInPlan_1" xml:lang="en-US" id="label_SurplusDeficitInPlan_1">Update/change of benefit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SurplusDeficitInPlan" xlink:to="label_SurplusDeficitInPlan_1" xlink:title="Label : SurplusDeficitInPlan to label_SurplusDeficitInPlan_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:label="PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:title="PostemploymentBenefitExpenseDefinedBenefitPlans" />
    <link:label xlink:type="resource" xlink:label="label_PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PostemploymentBenefitExpenseDefinedBenefitPlans" xml:lang="en-US" id="label_PostemploymentBenefitExpenseDefinedBenefitPlans">Employee benefit expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:to="label_PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:title="Label : PostemploymentBenefitExpenseDefinedBenefitPlans to label_PostemploymentBenefitExpenseDefinedBenefitPlans" />
    <link:label xlink:type="resource" xlink:label="label_PostemploymentBenefitExpenseDefinedBenefitPlans_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_PostemploymentBenefitExpenseDefinedBenefitPlans_1" xml:lang="en-US" id="label_PostemploymentBenefitExpenseDefinedBenefitPlans_1">Expense for the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:to="label_PostemploymentBenefitExpenseDefinedBenefitPlans_1" xlink:title="Label : PostemploymentBenefitExpenseDefinedBenefitPlans to label_PostemploymentBenefitExpenseDefinedBenefitPlans_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:label="DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:title="DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory">Employee benefits and private pension plan</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:title="Label : DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory to label_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IntangibleAssetsAndGoodwill" xlink:label="IntangibleAssetsAndGoodwill" xlink:title="IntangibleAssetsAndGoodwill" />
    <link:label xlink:type="resource" xlink:label="label_IntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_IntangibleAssetsAndGoodwill" xml:lang="en-US" id="label_IntangibleAssetsAndGoodwill">Intangible assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsAndGoodwill" xlink:to="label_IntangibleAssetsAndGoodwill" xlink:title="Label : IntangibleAssetsAndGoodwill to label_IntangibleAssetsAndGoodwill" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_PropertyPlantAndEquipment" xlink:label="PropertyPlantAndEquipment" xlink:title="PropertyPlantAndEquipment" />
    <link:label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PropertyPlantAndEquipment" xml:lang="en-US" id="label_PropertyPlantAndEquipment">Property, plant and equipment</link:label>
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OtherCurrentAndNoncurrentAssets" xlink:label="OtherCurrentAndNoncurrentAssets" xlink:title="OtherCurrentAndNoncurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrentAndNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherCurrentAndNoncurrentAssets" xml:lang="en-US" id="label_OtherCurrentAndNoncurrentAssets">The amount of other current and non-current assets.</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentAndNoncurrentAssets" xlink:to="label_OtherCurrentAndNoncurrentAssets_1" xlink:title="Label : OtherCurrentAndNoncurrentAssets to label_OtherCurrentAndNoncurrentAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrentAndNoncurrentAssets_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherCurrentAndNoncurrentAssets_2" xml:lang="en-US" id="label_OtherCurrentAndNoncurrentAssets_2">Other Current and Noncurrent Assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentAndNoncurrentAssets" xlink:to="label_OtherCurrentAndNoncurrentAssets_2" xlink:title="Label : OtherCurrentAndNoncurrentAssets to label_OtherCurrentAndNoncurrentAssets_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_PrepaymentsAndAccruedIncomeOtherThanContractAssetsAbstract" xlink:label="PrepaymentsAndAccruedIncomeOtherThanContractAssetsAbstract" xlink:title="PrepaymentsAndAccruedIncomeOtherThanContractAssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_PrepaymentsAndAccruedIncomeOtherThanContractAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PrepaymentsAndAccruedIncomeOtherThanContractAssetsAbstract" xml:lang="en-US" id="label_PrepaymentsAndAccruedIncomeOtherThanContractAssetsAbstract">Prepaid Expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaymentsAndAccruedIncomeOtherThanContractAssetsAbstract" xlink:to="label_PrepaymentsAndAccruedIncomeOtherThanContractAssetsAbstract" xlink:title="Label : PrepaymentsAndAccruedIncomeOtherThanContractAssetsAbstract to label_PrepaymentsAndAccruedIncomeOtherThanContractAssetsAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_GainsLossesOnDisposalsOfNoncurrentAssets" xlink:label="GainsLossesOnDisposalsOfNoncurrentAssets" xlink:title="GainsLossesOnDisposalsOfNoncurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnDisposalsOfNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainsLossesOnDisposalsOfNoncurrentAssets" xml:lang="en-US" id="label_GainsLossesOnDisposalsOfNoncurrentAssets">Gain (loss) on disposal of property, plant and equipment and intangibles</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnDisposalsOfNoncurrentAssets" xlink:to="label_GainsLossesOnDisposalsOfNoncurrentAssets" xlink:title="Label : GainsLossesOnDisposalsOfNoncurrentAssets to label_GainsLossesOnDisposalsOfNoncurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnDisposalsOfNoncurrentAssets_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainsLossesOnDisposalsOfNoncurrentAssets_1" xml:lang="en-US" id="label_GainsLossesOnDisposalsOfNoncurrentAssets_1">Gains (losses) on disposals of non-current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnDisposalsOfNoncurrentAssets" xlink:to="label_GainsLossesOnDisposalsOfNoncurrentAssets_1" xlink:title="Label : GainsLossesOnDisposalsOfNoncurrentAssets to label_GainsLossesOnDisposalsOfNoncurrentAssets_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SellingAndMarketingExpenses" xlink:label="SellingAndMarketingExpenses" xlink:title="SellingAndMarketingExpenses" />
    <link:label xlink:type="resource" xlink:label="label_SellingAndMarketingExpenses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SellingAndMarketingExpenses" xml:lang="en-US" id="label_SellingAndMarketingExpenses">Selling and marketing</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingAndMarketingExpenses" xlink:to="label_SellingAndMarketingExpenses" xlink:title="Label : SellingAndMarketingExpenses to label_SellingAndMarketingExpenses" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OperatingIncomeExpensesAbstract" xlink:label="OperatingIncomeExpensesAbstract" xlink:title="OperatingIncomeExpensesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_OperatingIncomeExpensesAbstract" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OperatingIncomeExpensesAbstract" xml:lang="en-US" id="label_OperatingIncomeExpensesAbstract">Operating income (loss)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingIncomeExpensesAbstract" xlink:to="label_OperatingIncomeExpensesAbstract" xlink:title="Label : OperatingIncomeExpensesAbstract to label_OperatingIncomeExpensesAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory" xlink:label="DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory" xlink:title="DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory">Trade receivables and reseller financing</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory" xlink:title="Label : DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory to label_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory_1" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory_1">Trade receivables, reseller financing and other receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory_1" xlink:title="Label : DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory to label_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SummaryOfTradePayablesAveragePaymentTermTableTextBlock" xlink:label="SummaryOfTradePayablesAveragePaymentTermTableTextBlock" xlink:title="SummaryOfTradePayablesAveragePaymentTermTableTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfTradePayablesAveragePaymentTermTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SummaryOfTradePayablesAveragePaymentTermTableTextBlock" xml:lang="en-US" id="label_SummaryOfTradePayablesAveragePaymentTermTableTextBlock">Tabular disclosure of trade payables average payment term.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfTradePayablesAveragePaymentTermTableTextBlock" xlink:to="label_SummaryOfTradePayablesAveragePaymentTermTableTextBlock" xlink:title="Label : SummaryOfTradePayablesAveragePaymentTermTableTextBlock to label_SummaryOfTradePayablesAveragePaymentTermTableTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfTradePayablesAveragePaymentTermTableTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SummaryOfTradePayablesAveragePaymentTermTableTextBlock_1" xml:lang="en-US" id="label_SummaryOfTradePayablesAveragePaymentTermTableTextBlock_1">Summary of trade payables average payment term</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfTradePayablesAveragePaymentTermTableTextBlock" xlink:to="label_SummaryOfTradePayablesAveragePaymentTermTableTextBlock_1" xlink:title="Label : SummaryOfTradePayablesAveragePaymentTermTableTextBlock to label_SummaryOfTradePayablesAveragePaymentTermTableTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfTradePayablesAveragePaymentTermTableTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SummaryOfTradePayablesAveragePaymentTermTableTextBlock_2" xml:lang="en-US" id="label_SummaryOfTradePayablesAveragePaymentTermTableTextBlock_2">Summary of Trade Payables Average Payment Term [Table Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfTradePayablesAveragePaymentTermTableTextBlock" xlink:to="label_SummaryOfTradePayablesAveragePaymentTermTableTextBlock_2" xlink:title="Label : SummaryOfTradePayablesAveragePaymentTermTableTextBlock to label_SummaryOfTradePayablesAveragePaymentTermTableTextBlock_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsAbstract" xlink:label="DisclosureOfDetailedInformationAboutBorrowingsAbstract" xlink:title="DisclosureOfDetailedInformationAboutBorrowingsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDetailedInformationAboutBorrowingsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfDetailedInformationAboutBorrowingsAbstract" xml:lang="en-US" id="label_DisclosureOfDetailedInformationAboutBorrowingsAbstract">Loans, financing, debentures and derivative financial instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDetailedInformationAboutBorrowingsAbstract" xlink:to="label_DisclosureOfDetailedInformationAboutBorrowingsAbstract" xlink:title="Label : DisclosureOfDetailedInformationAboutBorrowingsAbstract to label_DisclosureOfDetailedInformationAboutBorrowingsAbstract" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod" xlink:label="AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod" xlink:title="AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod" xml:lang="en-US" id="label_AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod">Advances for investments - GPA stations</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProportionOfOwnershipInterestInJointVenture" xlink:label="ProportionOfOwnershipInterestInJointVenture" xlink:title="ProportionOfOwnershipInterestInJointVenture" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfOwnershipInterestInJointVenture" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProportionOfOwnershipInterestInJointVenture" xml:lang="en-US" id="label_ProportionOfOwnershipInterestInJointVenture">Proportion of ownership interest in joint venture</link:label>
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    <link:label xlink:type="resource" xlink:label="label_AdvancesForFutureCapitalIncreaseInvestmentAccountedForUsingEquityMethod_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdvancesForFutureCapitalIncreaseInvestmentAccountedForUsingEquityMethod_1" xml:lang="en-US" id="label_AdvancesForFutureCapitalIncreaseInvestmentAccountedForUsingEquityMethod_1">Advance for future capital increase</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdvancesForFutureCapitalIncreaseInvestmentAccountedForUsingEquityMethod" xlink:to="label_AdvancesForFutureCapitalIncreaseInvestmentAccountedForUsingEquityMethod_1" xlink:title="Label : AdvancesForFutureCapitalIncreaseInvestmentAccountedForUsingEquityMethod to label_AdvancesForFutureCapitalIncreaseInvestmentAccountedForUsingEquityMethod_1" />
    <link:label xlink:type="resource" xlink:label="label_AdvancesForFutureCapitalIncreaseInvestmentAccountedForUsingEquityMethod_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdvancesForFutureCapitalIncreaseInvestmentAccountedForUsingEquityMethod_2" xml:lang="en-US" id="label_AdvancesForFutureCapitalIncreaseInvestmentAccountedForUsingEquityMethod_2">Advances for Future Capital Increase Investment Accounted for Using Equity Method</link:label>
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    <link:label xlink:type="resource" xlink:label="label_AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod_1" xml:lang="en-US" id="label_AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod_1">Advances for Acquisition Investment Accounted for Using Equity Method</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod" xlink:to="label_AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod_1" xlink:title="Label : AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod to label_AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod_1" />
    <link:label xlink:type="resource" xlink:label="label_AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod_2" xml:lang="en-US" id="label_AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod_2">Advances for acquisition</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod" xlink:to="label_AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod_2" xlink:title="Label : AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod to label_AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod_2" />
    <link:label xlink:type="resource" xlink:label="label_AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod_3" xml:lang="en-US" id="label_AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod_3">The amount of advances for acquisition investment accounted for using equity method.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod" xlink:to="label_AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod_3" xlink:title="Label : AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod to label_AdvancesForAcquisitionInvestmentAccountedForUsingEquityMethod_3" />
    <link:label xlink:type="resource" xlink:label="label_AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod_2" xml:lang="en-US" id="label_AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod_2">Amortization of fair value adjustments on associates acquisition</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" xlink:to="label_AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod_2" xlink:title="Label : AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod to label_AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" xlink:label="FairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" xlink:title="FairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_FairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" xml:lang="en-US" id="label_FairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod">Fair Value Adjustment on Investment Accounted for Using Equity Method</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" xlink:to="label_FairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" xlink:title="Label : FairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod to label_FairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_FairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod_1" xml:lang="en-US" id="label_FairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod_1">Fair value adjustment on investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" xlink:to="label_FairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod_1" xlink:title="Label : FairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod to label_FairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod" xlink:to="label_FairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod_2" xlink:title="Label : FairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod to label_FairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PaoDeAcucarGroupStationsMember" xlink:label="PaoDeAcucarGroupStationsMember" xlink:title="PaoDeAcucarGroupStationsMember" />
    <link:label xlink:type="resource" xlink:label="label_PaoDeAcucarGroupStationsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PaoDeAcucarGroupStationsMember" xml:lang="en-US" id="label_PaoDeAcucarGroupStationsMember">This member stands for the information pertaining to "P&#xE3;o de A&#xE7;&#xFA;car Group stations".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaoDeAcucarGroupStationsMember" xlink:to="label_PaoDeAcucarGroupStationsMember" xlink:title="Label : PaoDeAcucarGroupStationsMember to label_PaoDeAcucarGroupStationsMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaoDeAcucarGroupStationsMember" xlink:to="label_PaoDeAcucarGroupStationsMember_1" xlink:title="Label : PaoDeAcucarGroupStationsMember to label_PaoDeAcucarGroupStationsMember_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaoDeAcucarGroupStationsMember" xlink:to="label_PaoDeAcucarGroupStationsMember_2" xlink:title="Label : PaoDeAcucarGroupStationsMember to label_PaoDeAcucarGroupStationsMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SscOrHoldingExpenses" xlink:label="SscOrHoldingExpenses" xlink:title="SscOrHoldingExpenses" />
    <link:label xlink:type="resource" xlink:label="label_SscOrHoldingExpenses" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_SscOrHoldingExpenses" xml:lang="en-US" id="label_SscOrHoldingExpenses">SSC/Holding expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SscOrHoldingExpenses" xlink:to="label_SscOrHoldingExpenses" xlink:title="Label : SscOrHoldingExpenses to label_SscOrHoldingExpenses" />
    <link:label xlink:type="resource" xlink:label="label_SscOrHoldingExpenses_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SscOrHoldingExpenses_1" xml:lang="en-US" id="label_SscOrHoldingExpenses_1">Ssc or Holding Expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SscOrHoldingExpenses" xlink:to="label_SscOrHoldingExpenses_1" xlink:title="Label : SscOrHoldingExpenses to label_SscOrHoldingExpenses_1" />
    <link:label xlink:type="resource" xlink:label="label_SscOrHoldingExpenses_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SscOrHoldingExpenses_2" xml:lang="en-US" id="label_SscOrHoldingExpenses_2">The amount of ssc or holding expenses.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SscOrHoldingExpenses" xlink:to="label_SscOrHoldingExpenses_2" xlink:title="Label : SscOrHoldingExpenses to label_SscOrHoldingExpenses_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TradeAndOtherReceivablesGross" xlink:label="TradeAndOtherReceivablesGross" xlink:title="TradeAndOtherReceivablesGross" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherReceivablesGross" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_TradeAndOtherReceivablesGross" xml:lang="en-US" id="label_TradeAndOtherReceivablesGross">Gross accounting balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherReceivablesGross" xlink:to="label_TradeAndOtherReceivablesGross" xlink:title="Label : TradeAndOtherReceivablesGross to label_TradeAndOtherReceivablesGross" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ExpectedCreditLossRate" xlink:label="ExpectedCreditLossRate" xlink:title="ExpectedCreditLossRate" />
    <link:label xlink:type="resource" xlink:label="label_ExpectedCreditLossRate" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ExpectedCreditLossRate" xml:lang="en-US" id="label_ExpectedCreditLossRate">Weighted average rate of expected losses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpectedCreditLossRate" xlink:to="label_ExpectedCreditLossRate" xlink:title="Label : ExpectedCreditLossRate to label_ExpectedCreditLossRate" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory" xlink:label="DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory" xlink:title="DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory">Trade payables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory" xlink:title="Label : DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory to label_DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TradePayablesAveragePaymentTerm" xlink:label="TradePayablesAveragePaymentTerm" xlink:title="TradePayablesAveragePaymentTerm" />
    <link:label xlink:type="resource" xlink:label="label_TradePayablesAveragePaymentTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradePayablesAveragePaymentTerm" xml:lang="en-US" id="label_TradePayablesAveragePaymentTerm">Trade Payables Average Payment Term</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayablesAveragePaymentTerm" xlink:to="label_TradePayablesAveragePaymentTerm" xlink:title="Label : TradePayablesAveragePaymentTerm to label_TradePayablesAveragePaymentTerm" />
    <link:label xlink:type="resource" xlink:label="label_TradePayablesAveragePaymentTerm_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradePayablesAveragePaymentTerm_1" xml:lang="en-US" id="label_TradePayablesAveragePaymentTerm_1">Average payment term</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayablesAveragePaymentTerm" xlink:to="label_TradePayablesAveragePaymentTerm_1" xlink:title="Label : TradePayablesAveragePaymentTerm to label_TradePayablesAveragePaymentTerm_1" />
    <link:label xlink:type="resource" xlink:label="label_TradePayablesAveragePaymentTerm_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TradePayablesAveragePaymentTerm_2" xml:lang="en-US" id="label_TradePayablesAveragePaymentTerm_2">Trade payables average payment term, number of days.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayablesAveragePaymentTerm" xlink:to="label_TradePayablesAveragePaymentTerm_2" xlink:title="Label : TradePayablesAveragePaymentTerm to label_TradePayablesAveragePaymentTerm_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TradeAndOtherCurrentPayables" xlink:label="TradeAndOtherCurrentPayables" xlink:title="TradeAndOtherCurrentPayables" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherCurrentPayables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradeAndOtherCurrentPayables" xml:lang="en-US" id="label_TradeAndOtherCurrentPayables">Trade and other current payables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherCurrentPayables" xlink:to="label_TradeAndOtherCurrentPayables" xlink:title="Label : TradeAndOtherCurrentPayables to label_TradeAndOtherCurrentPayables" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties" xlink:label="TradeAndOtherCurrentPayablesToRelatedParties" xlink:title="TradeAndOtherCurrentPayablesToRelatedParties" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherCurrentPayablesToRelatedParties" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradeAndOtherCurrentPayablesToRelatedParties" xml:lang="en-US" id="label_TradeAndOtherCurrentPayablesToRelatedParties">Trade payables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherCurrentPayablesToRelatedParties" xlink:to="label_TradeAndOtherCurrentPayablesToRelatedParties" xlink:title="Label : TradeAndOtherCurrentPayablesToRelatedParties to label_TradeAndOtherCurrentPayablesToRelatedParties" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherCurrentPayables_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradeAndOtherCurrentPayables_1" xml:lang="en-US" id="label_TradeAndOtherCurrentPayables_1">Trade and other current payables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherCurrentPayables" xlink:to="label_TradeAndOtherCurrentPayables_1" xlink:title="Label : TradeAndOtherCurrentPayables to label_TradeAndOtherCurrentPayables_1" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherCurrentPayablesToRelatedParties_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradeAndOtherCurrentPayablesToRelatedParties_1" xml:lang="en-US" id="label_TradeAndOtherCurrentPayablesToRelatedParties_1">Current payables to related parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherCurrentPayablesToRelatedParties" xlink:to="label_TradeAndOtherCurrentPayablesToRelatedParties_1" xlink:title="Label : TradeAndOtherCurrentPayablesToRelatedParties to label_TradeAndOtherCurrentPayablesToRelatedParties_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TradePayablesComparableSuppliersMember" xlink:label="TradePayablesComparableSuppliersMember" xlink:title="TradePayablesComparableSuppliersMember" />
    <link:label xlink:type="resource" xlink:label="label_TradePayablesComparableSuppliersMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TradePayablesComparableSuppliersMember" xml:lang="en-US" id="label_TradePayablesComparableSuppliersMember">This member stands for the information pertaining to "Trade payables &#x2013; comparable suppliers".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayablesComparableSuppliersMember" xlink:to="label_TradePayablesComparableSuppliersMember" xlink:title="Label : TradePayablesComparableSuppliersMember to label_TradePayablesComparableSuppliersMember" />
    <link:label xlink:type="resource" xlink:label="label_TradePayablesComparableSuppliersMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradePayablesComparableSuppliersMember_1" xml:lang="en-US" id="label_TradePayablesComparableSuppliersMember_1">Trade payables comparable suppliers [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayablesComparableSuppliersMember" xlink:to="label_TradePayablesComparableSuppliersMember_1" xlink:title="Label : TradePayablesComparableSuppliersMember to label_TradePayablesComparableSuppliersMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TradePayablesComparableSuppliersMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradePayablesComparableSuppliersMember_2" xml:lang="en-US" id="label_TradePayablesComparableSuppliersMember_2">Trade Payables Comparable Suppliers [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayablesComparableSuppliersMember" xlink:to="label_TradePayablesComparableSuppliersMember_2" xlink:title="Label : TradePayablesComparableSuppliersMember to label_TradePayablesComparableSuppliersMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_GrantDateOctober12024Member" xlink:label="GrantDateOctober12024Member" xlink:title="GrantDateOctober12024Member" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateOctober12024Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GrantDateOctober12024Member" xml:lang="en-US" id="label_GrantDateOctober12024Member">This member stands for the information pertaining to Grant date October 1, 2024.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateOctober12024Member" xlink:to="label_GrantDateOctober12024Member" xlink:title="Label : GrantDateOctober12024Member to label_GrantDateOctober12024Member" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateOctober12024Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GrantDateOctober12024Member_1" xml:lang="en-US" id="label_GrantDateOctober12024Member_1">Grant Date, October 1, 2024 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateOctober12024Member" xlink:to="label_GrantDateOctober12024Member_1" xlink:title="Label : GrantDateOctober12024Member to label_GrantDateOctober12024Member_1" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateOctober12024Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GrantDateOctober12024Member_2" xml:lang="en-US" id="label_GrantDateOctober12024Member_2">Grant Date October 1 2024 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateOctober12024Member" xlink:to="label_GrantDateOctober12024Member_2" xlink:title="Label : GrantDateOctober12024Member to label_GrantDateOctober12024Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_GrantDateJune192024Member" xlink:label="GrantDateJune192024Member" xlink:title="GrantDateJune192024Member" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateJune192024Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GrantDateJune192024Member" xml:lang="en-US" id="label_GrantDateJune192024Member">This member stands for the information pertaining to Grant date June 19, 2024.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateJune192024Member" xlink:to="label_GrantDateJune192024Member" xlink:title="Label : GrantDateJune192024Member to label_GrantDateJune192024Member" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateJune192024Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GrantDateJune192024Member_1" xml:lang="en-US" id="label_GrantDateJune192024Member_1">Grant Date, June 19, 2024 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateJune192024Member" xlink:to="label_GrantDateJune192024Member_1" xlink:title="Label : GrantDateJune192024Member to label_GrantDateJune192024Member_1" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateJune192024Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GrantDateJune192024Member_2" xml:lang="en-US" id="label_GrantDateJune192024Member_2">Grant Date June 19 2024 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateJune192024Member" xlink:to="label_GrantDateJune192024Member_2" xlink:title="Label : GrantDateJune192024Member to label_GrantDateJune192024Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_GrantDateApril172024Member" xlink:label="GrantDateApril172024Member" xlink:title="GrantDateApril172024Member" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateApril172024Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GrantDateApril172024Member" xml:lang="en-US" id="label_GrantDateApril172024Member">This member stands for the information pertaining to Grant date April 17, 2024.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateApril172024Member" xlink:to="label_GrantDateApril172024Member" xlink:title="Label : GrantDateApril172024Member to label_GrantDateApril172024Member" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateApril172024Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GrantDateApril172024Member_1" xml:lang="en-US" id="label_GrantDateApril172024Member_1">Grant Date, April 17, 2024 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateApril172024Member" xlink:to="label_GrantDateApril172024Member_1" xlink:title="Label : GrantDateApril172024Member to label_GrantDateApril172024Member_1" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateApril172024Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GrantDateApril172024Member_2" xml:lang="en-US" id="label_GrantDateApril172024Member_2">Grant Date April 17 2024 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateApril172024Member" xlink:to="label_GrantDateApril172024Member_2" xlink:title="Label : GrantDateApril172024Member to label_GrantDateApril172024Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SalesPurchasesOfGoodsRelatedPartyTransactions" xlink:label="SalesPurchasesOfGoodsRelatedPartyTransactions" xlink:title="SalesPurchasesOfGoodsRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_SalesPurchasesOfGoodsRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SalesPurchasesOfGoodsRelatedPartyTransactions" xml:lang="en-US" id="label_SalesPurchasesOfGoodsRelatedPartyTransactions">The amount of goods sales (purchased) by the entity in related party transactions.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SalesPurchasesOfGoodsRelatedPartyTransactions" xlink:to="label_SalesPurchasesOfGoodsRelatedPartyTransactions" xlink:title="Label : SalesPurchasesOfGoodsRelatedPartyTransactions to label_SalesPurchasesOfGoodsRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_SalesPurchasesOfGoodsRelatedPartyTransactions_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SalesPurchasesOfGoodsRelatedPartyTransactions_1" xml:lang="en-US" id="label_SalesPurchasesOfGoodsRelatedPartyTransactions_1">Operating result - Sales/(Purchases)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SalesPurchasesOfGoodsRelatedPartyTransactions" xlink:to="label_SalesPurchasesOfGoodsRelatedPartyTransactions_1" xlink:title="Label : SalesPurchasesOfGoodsRelatedPartyTransactions to label_SalesPurchasesOfGoodsRelatedPartyTransactions_1" />
    <link:label xlink:type="resource" xlink:label="label_SalesPurchasesOfGoodsRelatedPartyTransactions_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SalesPurchasesOfGoodsRelatedPartyTransactions_2" xml:lang="en-US" id="label_SalesPurchasesOfGoodsRelatedPartyTransactions_2">Sales Purchases of Goods Related Party Transactions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SalesPurchasesOfGoodsRelatedPartyTransactions" xlink:to="label_SalesPurchasesOfGoodsRelatedPartyTransactions_2" xlink:title="Label : SalesPurchasesOfGoodsRelatedPartyTransactions to label_SalesPurchasesOfGoodsRelatedPartyTransactions_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_HidroviasDoBrasilMember" xlink:label="HidroviasDoBrasilMember" xlink:title="HidroviasDoBrasilMember" />
    <link:label xlink:type="resource" xlink:label="label_HidroviasDoBrasilMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_HidroviasDoBrasilMember" xml:lang="en-US" id="label_HidroviasDoBrasilMember">Hidrovias do Brasil S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HidroviasDoBrasilMember" xlink:to="label_HidroviasDoBrasilMember" xlink:title="Label : HidroviasDoBrasilMember to label_HidroviasDoBrasilMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:label="DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:title="DescriptionOfAccountingPolicyForIncomeTaxExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForIncomeTaxExplanatory">Description of accounting policy for income tax [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:title="Label : DescriptionOfAccountingPolicyForIncomeTaxExplanatory to label_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForIncomeTaxExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForIncomeTaxExplanatory_1" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForIncomeTaxExplanatory_1">Income and social contribution taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForIncomeTaxExplanatory_1" xlink:title="Label : DescriptionOfAccountingPolicyForIncomeTaxExplanatory to label_DescriptionOfAccountingPolicyForIncomeTaxExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_RevenueFromSaleOfGoodsAndRenderingOfServicesRelatedPartyTransactions" xlink:label="RevenueFromSaleOfGoodsAndRenderingOfServicesRelatedPartyTransactions" xlink:title="RevenueFromSaleOfGoodsAndRenderingOfServicesRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_RevenueFromSaleOfGoodsAndRenderingOfServicesRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevenueFromSaleOfGoodsAndRenderingOfServicesRelatedPartyTransactions" xml:lang="en-US" id="label_RevenueFromSaleOfGoodsAndRenderingOfServicesRelatedPartyTransactions">Revenue from sale of goods and rendering of services, related party transactions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueFromSaleOfGoodsAndRenderingOfServicesRelatedPartyTransactions" xlink:to="label_RevenueFromSaleOfGoodsAndRenderingOfServicesRelatedPartyTransactions" xlink:title="Label : RevenueFromSaleOfGoodsAndRenderingOfServicesRelatedPartyTransactions to label_RevenueFromSaleOfGoodsAndRenderingOfServicesRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_RevenueFromSaleOfGoodsAndRenderingOfServicesRelatedPartyTransactions_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RevenueFromSaleOfGoodsAndRenderingOfServicesRelatedPartyTransactions_1" xml:lang="en-US" id="label_RevenueFromSaleOfGoodsAndRenderingOfServicesRelatedPartyTransactions_1">Sales and services provided</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueFromSaleOfGoodsAndRenderingOfServicesRelatedPartyTransactions" xlink:to="label_RevenueFromSaleOfGoodsAndRenderingOfServicesRelatedPartyTransactions_1" xlink:title="Label : RevenueFromSaleOfGoodsAndRenderingOfServicesRelatedPartyTransactions to label_RevenueFromSaleOfGoodsAndRenderingOfServicesRelatedPartyTransactions_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_RelatedPartiesLiabilitiesRelatedPartyTransactions" xlink:label="RelatedPartiesLiabilitiesRelatedPartyTransactions" xlink:title="RelatedPartiesLiabilitiesRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_RelatedPartiesLiabilitiesRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RelatedPartiesLiabilitiesRelatedPartyTransactions" xml:lang="en-US" id="label_RelatedPartiesLiabilitiesRelatedPartyTransactions">The amount of related parties liabilities to related parties related party transactions.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartiesLiabilitiesRelatedPartyTransactions" xlink:to="label_RelatedPartiesLiabilitiesRelatedPartyTransactions" xlink:title="Label : RelatedPartiesLiabilitiesRelatedPartyTransactions to label_RelatedPartiesLiabilitiesRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_RelatedPartiesLiabilitiesRelatedPartyTransactions_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RelatedPartiesLiabilitiesRelatedPartyTransactions_1" xml:lang="en-US" id="label_RelatedPartiesLiabilitiesRelatedPartyTransactions_1">Related parties liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartiesLiabilitiesRelatedPartyTransactions" xlink:to="label_RelatedPartiesLiabilitiesRelatedPartyTransactions_1" xlink:title="Label : RelatedPartiesLiabilitiesRelatedPartyTransactions to label_RelatedPartiesLiabilitiesRelatedPartyTransactions_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_RelatedPartiesAssetsRelatedPartyTransactions" xlink:label="RelatedPartiesAssetsRelatedPartyTransactions" xlink:title="RelatedPartiesAssetsRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_RelatedPartiesAssetsRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RelatedPartiesAssetsRelatedPartyTransactions" xml:lang="en-US" id="label_RelatedPartiesAssetsRelatedPartyTransactions">The amount of related parties assets from related parties related party transactions.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartiesAssetsRelatedPartyTransactions" xlink:to="label_RelatedPartiesAssetsRelatedPartyTransactions" xlink:title="Label : RelatedPartiesAssetsRelatedPartyTransactions to label_RelatedPartiesAssetsRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_RelatedPartiesAssetsRelatedPartyTransactions_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RelatedPartiesAssetsRelatedPartyTransactions_1" xml:lang="en-US" id="label_RelatedPartiesAssetsRelatedPartyTransactions_1">Related parties assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartiesAssetsRelatedPartyTransactions" xlink:to="label_RelatedPartiesAssetsRelatedPartyTransactions_1" xlink:title="Label : RelatedPartiesAssetsRelatedPartyTransactions to label_RelatedPartiesAssetsRelatedPartyTransactions_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AmountsOtherReceivablesRelatedPartyTransactions" xlink:label="AmountsOtherReceivablesRelatedPartyTransactions" xlink:title="AmountsOtherReceivablesRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_AmountsOtherReceivablesRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AmountsOtherReceivablesRelatedPartyTransactions" xml:lang="en-US" id="label_AmountsOtherReceivablesRelatedPartyTransactions">The amount of other receivables from related parties related party transactions.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountsOtherReceivablesRelatedPartyTransactions" xlink:to="label_AmountsOtherReceivablesRelatedPartyTransactions" xlink:title="Label : AmountsOtherReceivablesRelatedPartyTransactions to label_AmountsOtherReceivablesRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_AmountsOtherReceivablesRelatedPartyTransactions_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmountsOtherReceivablesRelatedPartyTransactions_1" xml:lang="en-US" id="label_AmountsOtherReceivablesRelatedPartyTransactions_1">Other receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountsOtherReceivablesRelatedPartyTransactions" xlink:to="label_AmountsOtherReceivablesRelatedPartyTransactions_1" xlink:title="Label : AmountsOtherReceivablesRelatedPartyTransactions to label_AmountsOtherReceivablesRelatedPartyTransactions_1" />
    <link:label xlink:type="resource" xlink:label="label_TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions_1" xml:lang="en-US" id="label_TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions_1">Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" xlink:to="label_TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions_1" xlink:title="Label : TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions to label_TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions_1" />
    <link:label xlink:type="resource" xlink:label="label_TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions_2" xml:lang="en-US" id="label_TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions_2">Assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions" xlink:to="label_TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions_2" xlink:title="Label : TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions to label_TradeReceivablesOtherReceivablesAndRelatedPartiesAssetsFromRelatedPartyTransactions_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OthersJointVenturesMember" xlink:label="OthersJointVenturesMember" xlink:title="OthersJointVenturesMember" />
    <link:label xlink:type="resource" xlink:label="label_OthersJointVenturesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OthersJointVenturesMember" xml:lang="en-US" id="label_OthersJointVenturesMember">This member stands for the information pertaining to "Others Joint Ventures".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OthersJointVenturesMember" xlink:to="label_OthersJointVenturesMember" xlink:title="Label : OthersJointVenturesMember to label_OthersJointVenturesMember" />
    <link:label xlink:type="resource" xlink:label="label_OthersJointVenturesMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OthersJointVenturesMember_1" xml:lang="en-US" id="label_OthersJointVenturesMember_1">Others Joint Ventures [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OthersJointVenturesMember" xlink:to="label_OthersJointVenturesMember_1" xlink:title="Label : OthersJointVenturesMember to label_OthersJointVenturesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OthersJointVenturesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OthersJointVenturesMember_2" xml:lang="en-US" id="label_OthersJointVenturesMember_2">Others</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OthersJointVenturesMember" xlink:to="label_OthersJointVenturesMember_2" xlink:title="Label : OthersJointVenturesMember to label_OthersJointVenturesMember_2" />
    <link:label xlink:type="resource" xlink:label="label_RelatedPartiesLiabilitiesRelatedPartyTransactions_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RelatedPartiesLiabilitiesRelatedPartyTransactions_2" xml:lang="en-US" id="label_RelatedPartiesLiabilitiesRelatedPartyTransactions_2">Related Parties Liabilities Related Party Transactions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartiesLiabilitiesRelatedPartyTransactions" xlink:to="label_RelatedPartiesLiabilitiesRelatedPartyTransactions_2" xlink:title="Label : RelatedPartiesLiabilitiesRelatedPartyTransactions to label_RelatedPartiesLiabilitiesRelatedPartyTransactions_2" />
    <link:label xlink:type="resource" xlink:label="label_RelatedPartiesAssetsRelatedPartyTransactions_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RelatedPartiesAssetsRelatedPartyTransactions_2" xml:lang="en-US" id="label_RelatedPartiesAssetsRelatedPartyTransactions_2">Related Parties Assets Related Party Transactions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartiesAssetsRelatedPartyTransactions" xlink:to="label_RelatedPartiesAssetsRelatedPartyTransactions_2" xlink:title="Label : RelatedPartiesAssetsRelatedPartyTransactions to label_RelatedPartiesAssetsRelatedPartyTransactions_2" />
    <link:label xlink:type="resource" xlink:label="label_AmountsOtherReceivablesRelatedPartyTransactions_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmountsOtherReceivablesRelatedPartyTransactions_2" xml:lang="en-US" id="label_AmountsOtherReceivablesRelatedPartyTransactions_2">Amounts Other Receivables Related Party Transactions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountsOtherReceivablesRelatedPartyTransactions" xlink:to="label_AmountsOtherReceivablesRelatedPartyTransactions_2" xlink:title="Label : AmountsOtherReceivablesRelatedPartyTransactions to label_AmountsOtherReceivablesRelatedPartyTransactions_2" />
    <link:label xlink:type="resource" xlink:label="label_TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions_2" xml:lang="en-US" id="label_TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions_2">Trade Payables And Related Parties Liabilities To Related Party Transactions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions" xlink:to="label_TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions_2" xlink:title="Label : TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions to label_TradePayablesAndRelatedPartiesLiabilitiesToRelatedPartyTransactions_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TransactionsWithOtherRelatedPartiesMember" xlink:label="TransactionsWithOtherRelatedPartiesMember" xlink:title="TransactionsWithOtherRelatedPartiesMember" />
    <link:label xlink:type="resource" xlink:label="label_TransactionsWithOtherRelatedPartiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TransactionsWithOtherRelatedPartiesMember" xml:lang="en-US" id="label_TransactionsWithOtherRelatedPartiesMember">This member stands for the information pertaining to "Transactions with other related parties".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransactionsWithOtherRelatedPartiesMember" xlink:to="label_TransactionsWithOtherRelatedPartiesMember" xlink:title="Label : TransactionsWithOtherRelatedPartiesMember to label_TransactionsWithOtherRelatedPartiesMember" />
    <link:label xlink:type="resource" xlink:label="label_TransactionsWithOtherRelatedPartiesMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TransactionsWithOtherRelatedPartiesMember_1" xml:lang="en-US" id="label_TransactionsWithOtherRelatedPartiesMember_1">Transactions with other related parties [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransactionsWithOtherRelatedPartiesMember" xlink:to="label_TransactionsWithOtherRelatedPartiesMember_1" xlink:title="Label : TransactionsWithOtherRelatedPartiesMember to label_TransactionsWithOtherRelatedPartiesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TransactionsWithOtherRelatedPartiesMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TransactionsWithOtherRelatedPartiesMember_2" xml:lang="en-US" id="label_TransactionsWithOtherRelatedPartiesMember_2">Transactions with Other Related Parties [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransactionsWithOtherRelatedPartiesMember" xlink:to="label_TransactionsWithOtherRelatedPartiesMember_2" xlink:title="Label : TransactionsWithOtherRelatedPartiesMember to label_TransactionsWithOtherRelatedPartiesMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TransactionsWithAssociatesMember" xlink:label="TransactionsWithAssociatesMember" xlink:title="TransactionsWithAssociatesMember" />
    <link:label xlink:type="resource" xlink:label="label_TransactionsWithAssociatesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TransactionsWithAssociatesMember" xml:lang="en-US" id="label_TransactionsWithAssociatesMember">This member stands for the information pertaining to "Transactions with associates".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransactionsWithAssociatesMember" xlink:to="label_TransactionsWithAssociatesMember" xlink:title="Label : TransactionsWithAssociatesMember to label_TransactionsWithAssociatesMember" />
    <link:label xlink:type="resource" xlink:label="label_TransactionsWithAssociatesMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TransactionsWithAssociatesMember_1" xml:lang="en-US" id="label_TransactionsWithAssociatesMember_1">Transactions with associates [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransactionsWithAssociatesMember" xlink:to="label_TransactionsWithAssociatesMember_1" xlink:title="Label : TransactionsWithAssociatesMember to label_TransactionsWithAssociatesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TransactionsWithAssociatesMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TransactionsWithAssociatesMember_2" xml:lang="en-US" id="label_TransactionsWithAssociatesMember_2">Transactions with Associates [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransactionsWithAssociatesMember" xlink:to="label_TransactionsWithAssociatesMember_2" xlink:title="Label : TransactionsWithAssociatesMember to label_TransactionsWithAssociatesMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TransactionsWithJointVenturesMember" xlink:label="TransactionsWithJointVenturesMember" xlink:title="TransactionsWithJointVenturesMember" />
    <link:label xlink:type="resource" xlink:label="label_TransactionsWithJointVenturesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TransactionsWithJointVenturesMember" xml:lang="en-US" id="label_TransactionsWithJointVenturesMember">This member stands for the information pertaining to "Transactions with joint ventures".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransactionsWithJointVenturesMember" xlink:to="label_TransactionsWithJointVenturesMember" xlink:title="Label : TransactionsWithJointVenturesMember to label_TransactionsWithJointVenturesMember" />
    <link:label xlink:type="resource" xlink:label="label_TransactionsWithJointVenturesMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TransactionsWithJointVenturesMember_1" xml:lang="en-US" id="label_TransactionsWithJointVenturesMember_1">Transactions with joint ventures [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransactionsWithJointVenturesMember" xlink:to="label_TransactionsWithJointVenturesMember_1" xlink:title="Label : TransactionsWithJointVenturesMember to label_TransactionsWithJointVenturesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TransactionsWithJointVenturesMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TransactionsWithJointVenturesMember_2" xml:lang="en-US" id="label_TransactionsWithJointVenturesMember_2">Transactions with Joint Ventures [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransactionsWithJointVenturesMember" xlink:to="label_TransactionsWithJointVenturesMember_2" xlink:title="Label : TransactionsWithJointVenturesMember to label_TransactionsWithJointVenturesMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CounterpartiesDomain" xlink:label="CounterpartiesDomain" xlink:title="CounterpartiesDomain" />
    <link:label xlink:type="resource" xlink:label="label_CounterpartiesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CounterpartiesDomain" xml:lang="en-US" id="label_CounterpartiesDomain">Counterparties [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CounterpartiesDomain" xlink:to="label_CounterpartiesDomain" xlink:title="Label : CounterpartiesDomain to label_CounterpartiesDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CounterpartiesAxis" xlink:label="CounterpartiesAxis" xlink:title="CounterpartiesAxis" />
    <link:label xlink:type="resource" xlink:label="label_CounterpartiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CounterpartiesAxis" xml:lang="en-US" id="label_CounterpartiesAxis">Counterparties [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CounterpartiesAxis" xlink:to="label_CounterpartiesAxis" xlink:title="Label : CounterpartiesAxis to label_CounterpartiesAxis" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries" xlink:label="AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries" xlink:title="AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries" xml:lang="en-US" id="label_AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries">Adjustments for non-cash contingent consideration &#x2013; acquisition of subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries" xlink:to="label_AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries" xlink:title="Label : AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries to label_AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries_1" xml:lang="en-US" id="label_AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries_1">Contingent consideration &#x2013; acquisition of subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries" xlink:to="label_AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries_1" xlink:title="Label : AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries to label_AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries_1" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries_2" xml:lang="en-US" id="label_AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries_2">Adjustments for Non-cash Contingent Consideration Acquisition of Subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries" xlink:to="label_AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries_2" xlink:title="Label : AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries to label_AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForNonCashWithdrawalOfEscrowDepositsWithTaxContingencies" xlink:label="AdjustmentsForNonCashWithdrawalOfEscrowDepositsWithTaxContingencies" xlink:title="AdjustmentsForNonCashWithdrawalOfEscrowDepositsWithTaxContingencies" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForNonCashWithdrawalOfEscrowDepositsWithTaxContingencies" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustmentsForNonCashWithdrawalOfEscrowDepositsWithTaxContingencies" xml:lang="en-US" id="label_AdjustmentsForNonCashWithdrawalOfEscrowDepositsWithTaxContingencies">Adjustments for non-cash withdrawal of escrow deposits with tax contingencies.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForNonCashWithdrawalOfEscrowDepositsWithTaxContingencies" xlink:to="label_AdjustmentsForNonCashWithdrawalOfEscrowDepositsWithTaxContingencies" xlink:title="Label : AdjustmentsForNonCashWithdrawalOfEscrowDepositsWithTaxContingencies to label_AdjustmentsForNonCashWithdrawalOfEscrowDepositsWithTaxContingencies" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForNonCashWithdrawalOfEscrowDepositsWithTaxContingencies_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentsForNonCashWithdrawalOfEscrowDepositsWithTaxContingencies_1" xml:lang="en-US" id="label_AdjustmentsForNonCashWithdrawalOfEscrowDepositsWithTaxContingencies_1">Withdrawal of escrow deposits with tax contingencies</link:label>
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    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForNonCashWithdrawalOfEscrowDepositsWithTaxContingencies_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsForNonCashWithdrawalOfEscrowDepositsWithTaxContingencies_2" xml:lang="en-US" id="label_AdjustmentsForNonCashWithdrawalOfEscrowDepositsWithTaxContingencies_2">Adjustments for Non-cash Withdrawal of Escrow Deposits with Tax Contingencies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForNonCashWithdrawalOfEscrowDepositsWithTaxContingencies" xlink:to="label_AdjustmentsForNonCashWithdrawalOfEscrowDepositsWithTaxContingencies_2" xlink:title="Label : AdjustmentsForNonCashWithdrawalOfEscrowDepositsWithTaxContingencies to label_AdjustmentsForNonCashWithdrawalOfEscrowDepositsWithTaxContingencies_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_RepurchaseOfTreasuryShares" xlink:label="RepurchaseOfTreasuryShares" xlink:title="RepurchaseOfTreasuryShares" />
    <link:label xlink:type="resource" xlink:label="label_RepurchaseOfTreasuryShares" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_RepurchaseOfTreasuryShares" xml:lang="en-US" id="label_RepurchaseOfTreasuryShares">Repurchase of treasury shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepurchaseOfTreasuryShares" xlink:to="label_RepurchaseOfTreasuryShares" xlink:title="Label : RepurchaseOfTreasuryShares to label_RepurchaseOfTreasuryShares" />
    <link:label xlink:type="resource" xlink:label="label_RepurchaseOfTreasuryShares_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RepurchaseOfTreasuryShares_1" xml:lang="en-US" id="label_RepurchaseOfTreasuryShares_1">The cash outflow for Repurchase of treasury shares.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepurchaseOfTreasuryShares" xlink:to="label_RepurchaseOfTreasuryShares_1" xlink:title="Label : RepurchaseOfTreasuryShares to label_RepurchaseOfTreasuryShares_1" />
    <link:label xlink:type="resource" xlink:label="label_RepurchaseOfTreasuryShares_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RepurchaseOfTreasuryShares_2" xml:lang="en-US" id="label_RepurchaseOfTreasuryShares_2">Repurchase of Treasury Shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepurchaseOfTreasuryShares" xlink:to="label_RepurchaseOfTreasuryShares_2" xlink:title="Label : RepurchaseOfTreasuryShares to label_RepurchaseOfTreasuryShares_2" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForGainLossOnFairValueOfEnergyContracts_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AdjustmentsForGainLossOnFairValueOfEnergyContracts_1" xml:lang="en-US" id="label_AdjustmentsForGainLossOnFairValueOfEnergyContracts_1">Gain (loss) on the fair value of energy contracts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForGainLossOnFairValueOfEnergyContracts" xlink:to="label_AdjustmentsForGainLossOnFairValueOfEnergyContracts_1" xlink:title="Label : AdjustmentsForGainLossOnFairValueOfEnergyContracts to label_AdjustmentsForGainLossOnFairValueOfEnergyContracts_1" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForGainLossOnFairValueOfEnergyContracts_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsForGainLossOnFairValueOfEnergyContracts_2" xml:lang="en-US" id="label_AdjustmentsForGainLossOnFairValueOfEnergyContracts_2">Adjustments for Gain (Loss) on Fair Value of Energy Contracts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForGainLossOnFairValueOfEnergyContracts" xlink:to="label_AdjustmentsForGainLossOnFairValueOfEnergyContracts_2" xlink:title="Label : AdjustmentsForGainLossOnFairValueOfEnergyContracts to label_AdjustmentsForGainLossOnFairValueOfEnergyContracts_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncomeTaxReductionPercentage" xlink:label="IncomeTaxReductionPercentage" xlink:title="IncomeTaxReductionPercentage" />
    <link:label xlink:type="resource" xlink:label="label_IncomeTaxReductionPercentage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncomeTaxReductionPercentage" xml:lang="en-US" id="label_IncomeTaxReductionPercentage">Percentage of income tax reduction.</link:label>
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AbasteceAiClubeMember" xlink:label="AbasteceAiClubeMember" xlink:title="AbasteceAiClubeMember" />
    <link:label xlink:type="resource" xlink:label="label_AbasteceAiClubeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AbasteceAiClubeMember" xml:lang="en-US" id="label_AbasteceAiClubeMember">This member stands for the information pertaining to &#x201C;Abastece a&#xED; Clube&#x201D;.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AbasteceAiClubeMember" xlink:to="label_AbasteceAiClubeMember" xlink:title="Label : AbasteceAiClubeMember to label_AbasteceAiClubeMember" />
    <link:label xlink:type="resource" xlink:label="label_AbasteceAiClubeMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AbasteceAiClubeMember_1" xml:lang="en-US" id="label_AbasteceAiClubeMember_1">Abastece a&#xED; Clube [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AbasteceAiClubeMember" xlink:to="label_AbasteceAiClubeMember_1" xlink:title="Label : AbasteceAiClubeMember to label_AbasteceAiClubeMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AbasteceAiClubeMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AbasteceAiClubeMember_2" xml:lang="en-US" id="label_AbasteceAiClubeMember_2">Abastece Ai Clube [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AbasteceAiClubeMember" xlink:to="label_AbasteceAiClubeMember_2" xlink:title="Label : AbasteceAiClubeMember to label_AbasteceAiClubeMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DeferredIncomeAndSocialContributionTaxesProvisionsFortaxCivilAndLaborRisks" xlink:label="DeferredIncomeAndSocialContributionTaxesProvisionsFortaxCivilAndLaborRisks" xlink:title="DeferredIncomeAndSocialContributionTaxesProvisionsFortaxCivilAndLaborRisks" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary" xlink:label="IncreaseDecreaseThroughAcquisitionOfSubsidiary" xlink:title="IncreaseDecreaseThroughAcquisitionOfSubsidiary" />
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    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughAcquisitionOfSubsidiary_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughAcquisitionOfSubsidiary_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughAcquisitionOfSubsidiary_1">Increase (decrease) through acquisition of subsidiary, equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughAcquisitionOfSubsidiary" xlink:to="label_IncreaseDecreaseThroughAcquisitionOfSubsidiary_1" xlink:title="Label : IncreaseDecreaseThroughAcquisitionOfSubsidiary to label_IncreaseDecreaseThroughAcquisitionOfSubsidiary_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncreaseDecreaseThroughReserveConstitution" xlink:label="IncreaseDecreaseThroughReserveConstitution" xlink:title="IncreaseDecreaseThroughReserveConstitution" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughReserveConstitution" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseThroughReserveConstitution" xml:lang="en-US" id="label_IncreaseDecreaseThroughReserveConstitution">The amount of increase (decrease) through reserve constitution.</link:label>
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    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughReserveConstitution_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughReserveConstitution_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughReserveConstitution_2">Increase (Decrease) Through Reserve Constitution</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughReserveConstitution" xlink:to="label_IncreaseDecreaseThroughReserveConstitution_2" xlink:title="Label : IncreaseDecreaseThroughReserveConstitution to label_IncreaseDecreaseThroughReserveConstitution_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_PurchaseOfTreasuryShares" xlink:label="PurchaseOfTreasuryShares" xlink:title="PurchaseOfTreasuryShares" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseOfTreasuryShares" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PurchaseOfTreasuryShares" xml:lang="en-US" id="label_PurchaseOfTreasuryShares">Purchase of treasury shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseOfTreasuryShares" xlink:to="label_PurchaseOfTreasuryShares" xlink:title="Label : PurchaseOfTreasuryShares to label_PurchaseOfTreasuryShares" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseOfTreasuryShares_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PurchaseOfTreasuryShares_1" xml:lang="en-US" id="label_PurchaseOfTreasuryShares_1">Purchase of treasury shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseOfTreasuryShares" xlink:to="label_PurchaseOfTreasuryShares_1" xlink:title="Label : PurchaseOfTreasuryShares to label_PurchaseOfTreasuryShares_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesAbstract" xlink:label="DisclosureOfTransactionsBetweenRelatedPartiesAbstract" xlink:title="DisclosureOfTransactionsBetweenRelatedPartiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfTransactionsBetweenRelatedPartiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfTransactionsBetweenRelatedPartiesAbstract" xml:lang="en-US" id="label_DisclosureOfTransactionsBetweenRelatedPartiesAbstract">Related Parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfTransactionsBetweenRelatedPartiesAbstract" xlink:to="label_DisclosureOfTransactionsBetweenRelatedPartiesAbstract" xlink:title="Label : DisclosureOfTransactionsBetweenRelatedPartiesAbstract to label_DisclosureOfTransactionsBetweenRelatedPartiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesAbstract" xlink:label="DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesAbstract" xlink:title="DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesAbstract" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesAbstract" xlink:to="label_DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesAbstract" xlink:title="Label : DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesAbstract to label_DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesAbstract" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NewAccountingPoliciesChangesInAccountingPoliciesAbstract" xlink:label="NewAccountingPoliciesChangesInAccountingPoliciesAbstract" xlink:title="NewAccountingPoliciesChangesInAccountingPoliciesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NewAccountingPoliciesChangesInAccountingPoliciesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NewAccountingPoliciesChangesInAccountingPoliciesAbstract" xml:lang="en-US" id="label_NewAccountingPoliciesChangesInAccountingPoliciesAbstract">New accounting policies and changes in accounting policies</link:label>
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NoncurrentEnergyTradingFuturesContractsLiabilities" xlink:label="NoncurrentEnergyTradingFuturesContractsLiabilities" xlink:title="NoncurrentEnergyTradingFuturesContractsLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentEnergyTradingFuturesContractsLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentEnergyTradingFuturesContractsLiabilities" xml:lang="en-US" id="label_NoncurrentEnergyTradingFuturesContractsLiabilities">Noncurrent Energy Trading Futures Contracts Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentEnergyTradingFuturesContractsLiabilities" xlink:to="label_NoncurrentEnergyTradingFuturesContractsLiabilities" xlink:title="Label : NoncurrentEnergyTradingFuturesContractsLiabilities to label_NoncurrentEnergyTradingFuturesContractsLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentEnergyTradingFuturesContractsLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NoncurrentEnergyTradingFuturesContractsLiabilities_1" xml:lang="en-US" id="label_NoncurrentEnergyTradingFuturesContractsLiabilities_1">The amount of non-current energy trading futures contracts liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentEnergyTradingFuturesContractsLiabilities" xlink:to="label_NoncurrentEnergyTradingFuturesContractsLiabilities_1" xlink:title="Label : NoncurrentEnergyTradingFuturesContractsLiabilities to label_NoncurrentEnergyTradingFuturesContractsLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentEnergyTradingFuturesContractsLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentEnergyTradingFuturesContractsLiabilities_2" xml:lang="en-US" id="label_NoncurrentEnergyTradingFuturesContractsLiabilities_2">Energy trading futures contracts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentEnergyTradingFuturesContractsLiabilities" xlink:to="label_NoncurrentEnergyTradingFuturesContractsLiabilities_2" xlink:title="Label : NoncurrentEnergyTradingFuturesContractsLiabilities to label_NoncurrentEnergyTradingFuturesContractsLiabilities_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CurrentEnergyTradingFuturesContractsLiabilities" xlink:label="CurrentEnergyTradingFuturesContractsLiabilities" xlink:title="CurrentEnergyTradingFuturesContractsLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentEnergyTradingFuturesContractsLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentEnergyTradingFuturesContractsLiabilities" xml:lang="en-US" id="label_CurrentEnergyTradingFuturesContractsLiabilities">Current Energy Trading Futures Contracts Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentEnergyTradingFuturesContractsLiabilities" xlink:to="label_CurrentEnergyTradingFuturesContractsLiabilities" xlink:title="Label : CurrentEnergyTradingFuturesContractsLiabilities to label_CurrentEnergyTradingFuturesContractsLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentEnergyTradingFuturesContractsLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentEnergyTradingFuturesContractsLiabilities_1" xml:lang="en-US" id="label_CurrentEnergyTradingFuturesContractsLiabilities_1">The amount of current energy trading futures contracts liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentEnergyTradingFuturesContractsLiabilities" xlink:to="label_CurrentEnergyTradingFuturesContractsLiabilities_1" xlink:title="Label : CurrentEnergyTradingFuturesContractsLiabilities to label_CurrentEnergyTradingFuturesContractsLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentEnergyTradingFuturesContractsLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentEnergyTradingFuturesContractsLiabilities_2" xml:lang="en-US" id="label_CurrentEnergyTradingFuturesContractsLiabilities_2">Energy trading futures contracts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentEnergyTradingFuturesContractsLiabilities" xlink:to="label_CurrentEnergyTradingFuturesContractsLiabilities_2" xlink:title="Label : CurrentEnergyTradingFuturesContractsLiabilities to label_CurrentEnergyTradingFuturesContractsLiabilities_2" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CargoContractSixMember" xlink:label="CargoContractSixMember" xlink:title="CargoContractSixMember" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncreaseDecreaseInRightOfUseAssetThroughAcquisitionOfSubsidiaries" xlink:label="IncreaseDecreaseInRightOfUseAssetThroughAcquisitionOfSubsidiaries" xlink:title="IncreaseDecreaseInRightOfUseAssetThroughAcquisitionOfSubsidiaries" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CommoditiesCurrencyAndInterestRateHedgingInstrumentsMember" xlink:label="CommoditiesCurrencyAndInterestRateHedgingInstrumentsMember" xlink:title="CommoditiesCurrencyAndInterestRateHedgingInstrumentsMember" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ExchangeRateSwapReceivableInUSDollarsAndCommoditiesMember" xlink:label="ExchangeRateSwapReceivableInUSDollarsAndCommoditiesMember" xlink:title="ExchangeRateSwapReceivableInUSDollarsAndCommoditiesMember" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_UnsecuredCommercialNotesPayableNotConvertibleIntoSharesMaturityAt3rdApril2021Member" xlink:label="UnsecuredCommercialNotesPayableNotConvertibleIntoSharesMaturityAt3rdApril2021Member" xlink:title="UnsecuredCommercialNotesPayableNotConvertibleIntoSharesMaturityAt3rdApril2021Member" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnsecuredCommercialNotesPayableNotConvertibleIntoSharesMaturityAt3rdApril2021Member" xlink:to="label_UnsecuredCommercialNotesPayableNotConvertibleIntoSharesMaturityAt3rdApril2021Member" xlink:title="Label : UnsecuredCommercialNotesPayableNotConvertibleIntoSharesMaturityAt3rdApril2021Member to label_UnsecuredCommercialNotesPayableNotConvertibleIntoSharesMaturityAt3rdApril2021Member" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_UnsecuredCommercialNotesPayableNotConvertibleIntoSharesMaturityAt6thApril2021Member" xlink:label="UnsecuredCommercialNotesPayableNotConvertibleIntoSharesMaturityAt6thApril2021Member" xlink:title="UnsecuredCommercialNotesPayableNotConvertibleIntoSharesMaturityAt6thApril2021Member" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:label="PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:title="PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LoansIncludingFutureContractualInterestUndiscountedCashFlows" xlink:label="LoansIncludingFutureContractualInterestUndiscountedCashFlows" xlink:title="LoansIncludingFutureContractualInterestUndiscountedCashFlows" />
    <link:label xlink:type="resource" xlink:label="label_LoansIncludingFutureContractualInterestUndiscountedCashFlows" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LoansIncludingFutureContractualInterestUndiscountedCashFlows" xml:lang="en-US" id="label_LoansIncludingFutureContractualInterestUndiscountedCashFlows">The amount of contractual undiscounted cash flows in relation to loans including future contractual interest.</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NominalAmountOfHedgingInstrumentsInHedgingRelationshipsToWhichAmendmentsForInterestRateBenchmarkReformAreApplied" xlink:label="NominalAmountOfHedgingInstrumentsInHedgingRelationshipsToWhichAmendmentsForInterestRateBenchmarkReformAreApplied" xlink:title="NominalAmountOfHedgingInstrumentsInHedgingRelationshipsToWhichAmendmentsForInterestRateBenchmarkReformAreApplied" />
    <link:label xlink:type="resource" xlink:label="label_NominalAmountOfHedgingInstrumentsInHedgingRelationshipsToWhichAmendmentsForInterestRateBenchmarkReformAreApplied" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NominalAmountOfHedgingInstrumentsInHedgingRelationshipsToWhichAmendmentsForInterestRateBenchmarkReformAreApplied" xml:lang="en-US" id="label_NominalAmountOfHedgingInstrumentsInHedgingRelationshipsToWhichAmendmentsForInterestRateBenchmarkReformAreApplied">Nominal amount of hedging instruments in hedging relationships to which amendments for interest rate benchmark reform are applied</link:label>
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    <link:label xlink:type="resource" xlink:label="label_NominalAmountOfHedgingInstrumentsInHedgingRelationshipsToWhichAmendmentsForInterestRateBenchmarkReformAreApplied_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NominalAmountOfHedgingInstrumentsInHedgingRelationshipsToWhichAmendmentsForInterestRateBenchmarkReformAreApplied_1" xml:lang="en-US" id="label_NominalAmountOfHedgingInstrumentsInHedgingRelationshipsToWhichAmendmentsForInterestRateBenchmarkReformAreApplied_1">Notional amount (USD thousands)</link:label>
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables" xlink:label="AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables" xlink:title="AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables" />
    <link:label xlink:type="resource" xlink:label="label_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables" xml:lang="en-US" id="label_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables">The amount of allowances for doubful accounts on trade receivables and other receivables.</link:label>
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    <link:label xlink:type="resource" xlink:label="label_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables_1" xml:lang="en-US" id="label_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables_1">Allowances for Doubful Accounts on Trade Receivables and Other Receivables</link:label>
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CashCashEquivalentsAndFinancialInvestments" xlink:label="CashCashEquivalentsAndFinancialInvestments" xlink:title="CashCashEquivalentsAndFinancialInvestments" />
    <link:label xlink:type="resource" xlink:label="label_CashCashEquivalentsAndFinancialInvestments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CashCashEquivalentsAndFinancialInvestments" xml:lang="en-US" id="label_CashCashEquivalentsAndFinancialInvestments">The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashCashEquivalentsAndFinancialInvestments" xlink:to="label_CashCashEquivalentsAndFinancialInvestments" xlink:title="Label : CashCashEquivalentsAndFinancialInvestments to label_CashCashEquivalentsAndFinancialInvestments" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InterestRateHedgingInstrumentsLiabilitiesInterestEffect" xlink:label="InterestRateHedgingInstrumentsLiabilitiesInterestEffect" xlink:title="InterestRateHedgingInstrumentsLiabilitiesInterestEffect" />
    <link:label xlink:type="resource" xlink:label="label_InterestRateHedgingInstrumentsLiabilitiesInterestEffect" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InterestRateHedgingInstrumentsLiabilitiesInterestEffect" xml:lang="en-US" id="label_InterestRateHedgingInstrumentsLiabilitiesInterestEffect">The amount of Interest rate hedging instruments (liabilities), interest effect regarding Exposure of interest rate risk.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateHedgingInstrumentsLiabilitiesInterestEffect" xlink:to="label_InterestRateHedgingInstrumentsLiabilitiesInterestEffect" xlink:title="Label : InterestRateHedgingInstrumentsLiabilitiesInterestEffect to label_InterestRateHedgingInstrumentsLiabilitiesInterestEffect" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ForeignExchangeHedgingInstrumentsAssetsInterestEffect" xlink:label="ForeignExchangeHedgingInstrumentsAssetsInterestEffect" xlink:title="ForeignExchangeHedgingInstrumentsAssetsInterestEffect" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeHedgingInstrumentsAssetsInterestEffect" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignExchangeHedgingInstrumentsAssetsInterestEffect" xml:lang="en-US" id="label_ForeignExchangeHedgingInstrumentsAssetsInterestEffect">The amount of Foreign exchange hedging instruments (assets), interest effect regarding Exposure of interest rate risk.</link:label>
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InterestEffectOnCashEquivalentsAndFinancialInvestments" xlink:label="InterestEffectOnCashEquivalentsAndFinancialInvestments" xlink:title="InterestEffectOnCashEquivalentsAndFinancialInvestments" />
    <link:label xlink:type="resource" xlink:label="label_InterestEffectOnCashEquivalentsAndFinancialInvestments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InterestEffectOnCashEquivalentsAndFinancialInvestments" xml:lang="en-US" id="label_InterestEffectOnCashEquivalentsAndFinancialInvestments">Interest effect on cash equivalents and financial investments regarding Exposure of interest rate risk.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestEffectOnCashEquivalentsAndFinancialInvestments" xlink:to="label_InterestEffectOnCashEquivalentsAndFinancialInvestments" xlink:title="Label : InterestEffectOnCashEquivalentsAndFinancialInvestments to label_InterestEffectOnCashEquivalentsAndFinancialInvestments" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AssetPositionOfForeignExchangeHedgingInstrumentsMember" xlink:label="AssetPositionOfForeignExchangeHedgingInstrumentsMember" xlink:title="AssetPositionOfForeignExchangeHedgingInstrumentsMember" />
    <link:label xlink:type="resource" xlink:label="label_AssetPositionOfForeignExchangeHedgingInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AssetPositionOfForeignExchangeHedgingInstrumentsMember" xml:lang="en-US" id="label_AssetPositionOfForeignExchangeHedgingInstrumentsMember">This member stands for the information pertaining to asset position of foreign exchange hedging instruments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetPositionOfForeignExchangeHedgingInstrumentsMember" xlink:to="label_AssetPositionOfForeignExchangeHedgingInstrumentsMember" xlink:title="Label : AssetPositionOfForeignExchangeHedgingInstrumentsMember to label_AssetPositionOfForeignExchangeHedgingInstrumentsMember" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LiabilityPositionOfHedgingInstrumentsPreFixedMember" xlink:label="LiabilityPositionOfHedgingInstrumentsPreFixedMember" xlink:title="LiabilityPositionOfHedgingInstrumentsPreFixedMember" />
    <link:label xlink:type="resource" xlink:label="label_LiabilityPositionOfHedgingInstrumentsPreFixedMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LiabilityPositionOfHedgingInstrumentsPreFixedMember" xml:lang="en-US" id="label_LiabilityPositionOfHedgingInstrumentsPreFixedMember">This member stands for the information pertaining to liability position of hedging instruments pre fixed.</link:label>
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LiabilityPositionOfForeignExchangeHedgingInstrumentsMember" xlink:label="LiabilityPositionOfForeignExchangeHedgingInstrumentsMember" xlink:title="LiabilityPositionOfForeignExchangeHedgingInstrumentsMember" />
    <link:label xlink:type="resource" xlink:label="label_LiabilityPositionOfForeignExchangeHedgingInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LiabilityPositionOfForeignExchangeHedgingInstrumentsMember" xml:lang="en-US" id="label_LiabilityPositionOfForeignExchangeHedgingInstrumentsMember">This member stands for the information pertaining to liability position of foreign exchange hedging instruments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilityPositionOfForeignExchangeHedgingInstrumentsMember" xlink:to="label_LiabilityPositionOfForeignExchangeHedgingInstrumentsMember" xlink:title="Label : LiabilityPositionOfForeignExchangeHedgingInstrumentsMember to label_LiabilityPositionOfForeignExchangeHedgingInstrumentsMember" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SelicMember" xlink:label="SelicMember" xlink:title="SelicMember" />
    <link:label xlink:type="resource" xlink:label="label_SelicMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SelicMember" xml:lang="en-US" id="label_SelicMember">This member stands for the information pertaining to SELIC. SELIC means the rate assessed by the Brazilian Special Liquidation and Custody System (Sistema Especial de Liquida&#xE7;&#xE3;o e Cust&#xF3;dia) - SELIC, published by the Central Bank of Brazil.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SelicMember" xlink:to="label_SelicMember" xlink:title="Label : SelicMember to label_SelicMember" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncomeStatementEffectincreaseShareholdersEquityDecreaseNetEffect" xlink:label="IncomeStatementEffectincreaseShareholdersEquityDecreaseNetEffect" xlink:title="IncomeStatementEffectincreaseShareholdersEquityDecreaseNetEffect" />
    <link:label xlink:type="resource" xlink:label="label_IncomeStatementEffectincreaseShareholdersEquityDecreaseNetEffect" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeStatementEffectincreaseShareholdersEquityDecreaseNetEffect" xml:lang="en-US" id="label_IncomeStatementEffectincreaseShareholdersEquityDecreaseNetEffect">Income statement effectincrease shareholders equity decrease net effect</link:label>
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncomeStatementEffectDecreaseShareHoldersEquityIncreaseNetEffect" xlink:label="IncomeStatementEffectDecreaseShareHoldersEquityIncreaseNetEffect" xlink:title="IncomeStatementEffectDecreaseShareHoldersEquityIncreaseNetEffect" />
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    <link:label xlink:type="resource" xlink:label="label_IncomeStatementEffectDecreaseShareHoldersEquityIncreaseNetEffect_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncomeStatementEffectDecreaseShareHoldersEquityIncreaseNetEffect_1" xml:lang="en-US" id="label_IncomeStatementEffectDecreaseShareHoldersEquityIncreaseNetEffect_1">The amount of net effect regarding on Real appreciation risk.</link:label>
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    <link:label xlink:type="resource" xlink:label="label_Liabilities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Liabilities_1" xml:lang="en-US" id="label_Liabilities_1">Total liabilities</link:label>
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    <link:label xlink:type="resource" xlink:label="label_Assets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Assets" xml:lang="en-US" id="label_Assets">Total assets</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:label="GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:title="GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:to="label_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax_1" xlink:title="Label : GainsLossesOnExchangeDifferencesOnTranslationBeforeTax to label_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:label="IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:title="IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:label="label_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xml:lang="en-US" id="label_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome">IRPJ and CSLL on actuarial (gains)</link:label>
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    <link:label xlink:type="resource" xlink:label="label_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_1" xml:lang="en-US" id="label_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_1">IRPJ and CSLL on actuarial gains</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:to="label_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_1" xlink:title="Label : IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome to label_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:label="OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:title="OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xml:lang="en-US" id="label_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans">Other comprehensive income, before tax, gains (losses) on remeasurements of defined benefit plans</link:label>
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    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_1" xml:lang="en-US" id="label_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_1">Actuarial gain (loss) of post-employment benefits</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:label="IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:title="IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:label="label_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xml:lang="en-US" id="label_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome">IRPJ and CSLL on fair value</link:label>
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    <link:label xlink:type="resource" xlink:label="label_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_1" xml:lang="en-US" id="label_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_1">Income tax relating to financial assets measured at fair value through other comprehensive income included in other comprehensive income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:to="label_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_1" xlink:title="Label : IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome to label_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:label="OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:title="OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xml:lang="en-US" id="label_OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome">Changes in fair value of financial instruments</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" xlink:label="ReserveOfRemeasurementsOfDefinedBenefitPlansMember" xlink:title="ReserveOfRemeasurementsOfDefinedBenefitPlansMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" xml:lang="en-US" id="label_ReserveOfRemeasurementsOfDefinedBenefitPlansMember">Reserve of remeasurements of defined benefit plans [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfRemeasurementsOfDefinedBenefitPlansMember" xlink:to="label_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" xlink:title="Label : ReserveOfRemeasurementsOfDefinedBenefitPlansMember to label_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfRemeasurementsOfDefinedBenefitPlansMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveOfRemeasurementsOfDefinedBenefitPlansMember_1" xml:lang="en-US" id="label_ReserveOfRemeasurementsOfDefinedBenefitPlansMember_1">Actuarial gains (losses) of post-employment benefits [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfRemeasurementsOfDefinedBenefitPlansMember" xlink:to="label_ReserveOfRemeasurementsOfDefinedBenefitPlansMember_1" xlink:title="Label : ReserveOfRemeasurementsOfDefinedBenefitPlansMember to label_ReserveOfRemeasurementsOfDefinedBenefitPlansMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" xlink:label="ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" xlink:title="ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" />
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    <link:label xlink:type="resource" xlink:label="label_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember_1" xml:lang="en-US" id="label_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember_1">Reserve of gains and losses on financial assets measured at fair value through other comprehensive income [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" xlink:to="label_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember_1" xlink:title="Label : ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember to label_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IncreaseDecreaseThroughTransferToStatutoryReserve" xlink:label="IncreaseDecreaseThroughTransferToStatutoryReserve" xlink:title="IncreaseDecreaseThroughTransferToStatutoryReserve" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTransferToStatutoryReserve" xlink:to="label_IncreaseDecreaseThroughTransferToStatutoryReserve" xlink:title="Label : IncreaseDecreaseThroughTransferToStatutoryReserve to label_IncreaseDecreaseThroughTransferToStatutoryReserve" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ThresholdPercentageOfShareCapitalForInvestmentsReserveAllocation" xlink:label="ThresholdPercentageOfShareCapitalForInvestmentsReserveAllocation" xlink:title="ThresholdPercentageOfShareCapitalForInvestmentsReserveAllocation" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThresholdPercentageOfShareCapitalForInvestmentsReserveAllocation" xlink:to="label_ThresholdPercentageOfShareCapitalForInvestmentsReserveAllocation_2" xlink:title="Label : ThresholdPercentageOfShareCapitalForInvestmentsReserveAllocation to label_ThresholdPercentageOfShareCapitalForInvestmentsReserveAllocation_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InvestmentStatutoryReserveAsMaximumPercentageOfNetIncome" xlink:label="InvestmentStatutoryReserveAsMaximumPercentageOfNetIncome" xlink:title="InvestmentStatutoryReserveAsMaximumPercentageOfNetIncome" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NonCashTransferBetweenTradeReceivablesAndPropertyPlantAndEquipment" xlink:label="NonCashTransferBetweenTradeReceivablesAndPropertyPlantAndEquipment" xlink:title="NonCashTransferBetweenTradeReceivablesAndPropertyPlantAndEquipment" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfSharesCanceledAndNotIssuedWhichLinkedToSubscriptionWarrantsIndemnification" xlink:label="NumberOfSharesCanceledAndNotIssuedWhichLinkedToSubscriptionWarrantsIndemnification" xlink:title="NumberOfSharesCanceledAndNotIssuedWhichLinkedToSubscriptionWarrantsIndemnification" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PostEmploymentBenefitExpenseInProfitOrLossFromContinuingOperationsDefinedBenefitPlans" xlink:label="PostEmploymentBenefitExpenseInProfitOrLossFromContinuingOperationsDefinedBenefitPlans" xlink:title="PostEmploymentBenefitExpenseInProfitOrLossFromContinuingOperationsDefinedBenefitPlans" />
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    <link:label xlink:type="resource" xlink:label="label_PostEmploymentBenefitExpenseInProfitOrLossFromContinuingOperationsDefinedBenefitPlans_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PostEmploymentBenefitExpenseInProfitOrLossFromContinuingOperationsDefinedBenefitPlans_1" xml:lang="en-US" id="label_PostEmploymentBenefitExpenseInProfitOrLossFromContinuingOperationsDefinedBenefitPlans_1">The amount of post-employment benefit expense included in profit or loss from continuing operations, relating to defined benefit plans.</link:label>
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DemographicAssumptionPercentageOfReasonablyPossibleDecreaseInMortalityTableForOtherBenefits" xlink:label="DemographicAssumptionPercentageOfReasonablyPossibleDecreaseInMortalityTableForOtherBenefits" xlink:title="DemographicAssumptionPercentageOfReasonablyPossibleDecreaseInMortalityTableForOtherBenefits" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DefinedContributionPensionPlanReversionFundReclassifiedToAssetsHeldForSale" xlink:label="DefinedContributionPensionPlanReversionFundReclassifiedToAssetsHeldForSale" xlink:title="DefinedContributionPensionPlanReversionFundReclassifiedToAssetsHeldForSale" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset" xlink:label="ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset" xlink:title="ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset" xlink:label="ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset" xlink:title="ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MaximumMatchingContributionInProportionToEmployeeGrossSalaryPercentage" xlink:label="MaximumMatchingContributionInProportionToEmployeeGrossSalaryPercentage" xlink:title="MaximumMatchingContributionInProportionToEmployeeGrossSalaryPercentage" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ShortTermEmployeeBenefitsAccrualsForProfitSharingBonusAndPremium" xlink:label="ShortTermEmployeeBenefitsAccrualsForProfitSharingBonusAndPremium" xlink:title="ShortTermEmployeeBenefitsAccrualsForProfitSharingBonusAndPremium" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InventoriesAndCostOfProductsAndServicesSoldAmortisation" xlink:label="InventoriesAndCostOfProductsAndServicesSoldAmortisation" xlink:title="InventoriesAndCostOfProductsAndServicesSoldAmortisation" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DecreaseThroughClassifiedAsHeldForSaleLeaseLiabilities" xlink:label="DecreaseThroughClassifiedAsHeldForSaleLeaseLiabilities" xlink:title="DecreaseThroughClassifiedAsHeldForSaleLeaseLiabilities" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncreaseDecreaseInBorrowingsThroughAcquisitionOfSubsidiary" xlink:label="IncreaseDecreaseInBorrowingsThroughAcquisitionOfSubsidiary" xlink:title="IncreaseDecreaseInBorrowingsThroughAcquisitionOfSubsidiary" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:label="UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:title="UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:to="label_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_1" xlink:title="Label : UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment to label_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsLineItems" xlink:label="DisclosureOfQuantitativeInformationAboutRightofuseAssetsLineItems" xlink:title="DisclosureOfQuantitativeInformationAboutRightofuseAssetsLineItems" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InvestmentsAccountedForUsingEquityMethodProvisionForEquityDeficit" xlink:label="InvestmentsAccountedForUsingEquityMethodProvisionForEquityDeficit" xlink:title="InvestmentsAccountedForUsingEquityMethodProvisionForEquityDeficit" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfOtherEquityInstrumentsReclassifiedToHeldForSaleInShareBasedPaymentArrangement" xlink:label="NumberOfOtherEquityInstrumentsReclassifiedToHeldForSaleInShareBasedPaymentArrangement" xlink:title="NumberOfOtherEquityInstrumentsReclassifiedToHeldForSaleInShareBasedPaymentArrangement" />
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    <link:label xlink:type="resource" xlink:label="label_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement" xml:lang="en-US" id="label_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement">Number of other equity instruments exercised or vested in share-based payment arrangement</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xlink:label="KeyManagementPersonnelCompensationTerminationBenefits" xlink:title="KeyManagementPersonnelCompensationTerminationBenefits" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KeyManagementPersonnelCompensationTerminationBenefits" xlink:to="label_KeyManagementPersonnelCompensationTerminationBenefits" xlink:title="Label : KeyManagementPersonnelCompensationTerminationBenefits to label_KeyManagementPersonnelCompensationTerminationBenefits" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KeyManagementPersonnelCompensationPostemploymentBenefits" xlink:to="label_KeyManagementPersonnelCompensationPostemploymentBenefits" xlink:title="Label : KeyManagementPersonnelCompensationPostemploymentBenefits to label_KeyManagementPersonnelCompensationPostemploymentBenefits" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ReceivablesFromTaxesOtherThanIncomeTaxMonetaryVariationAmountReceived" xlink:label="ReceivablesFromTaxesOtherThanIncomeTaxMonetaryVariationAmountReceived" xlink:title="ReceivablesFromTaxesOtherThanIncomeTaxMonetaryVariationAmountReceived" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReceivablesFromTaxesOtherThanIncomeTaxMonetaryVariationAmountReceived" xlink:to="label_ReceivablesFromTaxesOtherThanIncomeTaxMonetaryVariationAmountReceived_2" xlink:title="Label : ReceivablesFromTaxesOtherThanIncomeTaxMonetaryVariationAmountReceived to label_ReceivablesFromTaxesOtherThanIncomeTaxMonetaryVariationAmountReceived_2" />
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    <link:label xlink:type="resource" xlink:label="label_ReceivablesFromTaxesOtherThanIncomeTaxPrincipalAmountReceived" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReceivablesFromTaxesOtherThanIncomeTaxPrincipalAmountReceived" xml:lang="en-US" id="label_ReceivablesFromTaxesOtherThanIncomeTaxPrincipalAmountReceived">The principal amount of receivables from taxes other than income tax, received as tax credits.</link:label>
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    <link:label xlink:type="resource" xlink:label="label_ScheduleOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ScheduleOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTableTextBlock" xml:lang="en-US" id="label_ScheduleOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTableTextBlock">Schedule of estimated recovery of VAT on sales and certain services credits [Table Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTableTextBlock" xlink:to="label_ScheduleOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTableTextBlock" xlink:title="Label : ScheduleOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTableTextBlock to label_ScheduleOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTableTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_ScheduleOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTableTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ScheduleOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTableTextBlock_1" xml:lang="en-US" id="label_ScheduleOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTableTextBlock_1">Tabular disclosure of estimated recovery of VAT on Sales and certain Services (ICMS) credits.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTableTextBlock" xlink:to="label_ScheduleOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTableTextBlock_1" xlink:title="Label : ScheduleOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTableTextBlock to label_ScheduleOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTableTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_ScheduleOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTableTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ScheduleOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTableTextBlock_2" xml:lang="en-US" id="label_ScheduleOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTableTextBlock_2">Schedule of estimated recovery of ICMS credits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTableTextBlock" xlink:to="label_ScheduleOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTableTextBlock_2" xlink:title="Label : ScheduleOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTableTextBlock to label_ScheduleOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTableTextBlock_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FixedRateSwapNetEffect" xlink:label="FixedRateSwapNetEffect" xlink:title="FixedRateSwapNetEffect" />
    <link:label xlink:type="resource" xlink:label="label_FixedRateSwapNetEffect" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FixedRateSwapNetEffect" xml:lang="en-US" id="label_FixedRateSwapNetEffect">Fixed rate swap net effect</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedRateSwapNetEffect" xlink:to="label_FixedRateSwapNetEffect" xlink:title="Label : FixedRateSwapNetEffect to label_FixedRateSwapNetEffect" />
    <link:label xlink:type="resource" xlink:label="label_FixedRateSwapNetEffect_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_FixedRateSwapNetEffect_1" xml:lang="en-US" id="label_FixedRateSwapNetEffect_1">Net effect</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedRateSwapNetEffect" xlink:to="label_FixedRateSwapNetEffect_1" xlink:title="Label : FixedRateSwapNetEffect to label_FixedRateSwapNetEffect_1" />
    <link:label xlink:type="resource" xlink:label="label_FixedRateSwapNetEffect_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FixedRateSwapNetEffect_2" xml:lang="en-US" id="label_FixedRateSwapNetEffect_2">The amount of fixed rate swap net effect related to interest rate swap.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedRateSwapNetEffect" xlink:to="label_FixedRateSwapNetEffect_2" xlink:title="Label : FixedRateSwapNetEffect to label_FixedRateSwapNetEffect_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FixedRateDebt" xlink:label="FixedRateDebt" xlink:title="FixedRateDebt" />
    <link:label xlink:type="resource" xlink:label="label_FixedRateDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FixedRateDebt" xml:lang="en-US" id="label_FixedRateDebt">Fixed rate debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedRateDebt" xlink:to="label_FixedRateDebt" xlink:title="Label : FixedRateDebt to label_FixedRateDebt" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis" xlink:label="RetrospectiveApplicationAndRetrospectiveRestatementAxis" xlink:title="RetrospectiveApplicationAndRetrospectiveRestatementAxis" />
    <link:label xlink:type="resource" xlink:label="label_RetrospectiveApplicationAndRetrospectiveRestatementAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RetrospectiveApplicationAndRetrospectiveRestatementAxis" xml:lang="en-US" id="label_RetrospectiveApplicationAndRetrospectiveRestatementAxis">Retrospective application and retrospective restatement [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetrospectiveApplicationAndRetrospectiveRestatementAxis" xlink:to="label_RetrospectiveApplicationAndRetrospectiveRestatementAxis" xlink:title="Label : RetrospectiveApplicationAndRetrospectiveRestatementAxis to label_RetrospectiveApplicationAndRetrospectiveRestatementAxis" />
    <link:label xlink:type="resource" xlink:label="label_FixedRateDebt_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FixedRateDebt_1" xml:lang="en-US" id="label_FixedRateDebt_1">Fixed rate debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedRateDebt" xlink:to="label_FixedRateDebt_1" xlink:title="Label : FixedRateDebt to label_FixedRateDebt_1" />
    <link:label xlink:type="resource" xlink:label="label_RetrospectiveApplicationAndRetrospectiveRestatementAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RetrospectiveApplicationAndRetrospectiveRestatementAxis_1" xml:lang="en-US" id="label_RetrospectiveApplicationAndRetrospectiveRestatementAxis_1">Retrospective application and retrospective restatement [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetrospectiveApplicationAndRetrospectiveRestatementAxis" xlink:to="label_RetrospectiveApplicationAndRetrospectiveRestatementAxis_1" xlink:title="Label : RetrospectiveApplicationAndRetrospectiveRestatementAxis to label_RetrospectiveApplicationAndRetrospectiveRestatementAxis_1" />
    <link:label xlink:type="resource" xlink:label="label_FixedRateDebt_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FixedRateDebt_2" xml:lang="en-US" id="label_FixedRateDebt_2">The amount of fixed rate debt related to interest rate swap.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedRateDebt" xlink:to="label_FixedRateDebt_2" xlink:title="Label : FixedRateDebt to label_FixedRateDebt_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FixedRateSwapDI" xlink:label="FixedRateSwapDI" xlink:title="FixedRateSwapDI" />
    <link:label xlink:type="resource" xlink:label="label_FixedRateSwapDI" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FixedRateSwapDI" xml:lang="en-US" id="label_FixedRateSwapDI">Fixed Rate Swap D I</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedRateSwapDI" xlink:to="label_FixedRateSwapDI" xlink:title="Label : FixedRateSwapDI to label_FixedRateSwapDI" />
    <link:label xlink:type="resource" xlink:label="label_FixedRateSwapDI_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FixedRateSwapDI_1" xml:lang="en-US" id="label_FixedRateSwapDI_1">Fixed rate swap - DI</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedRateSwapDI" xlink:to="label_FixedRateSwapDI_1" xlink:title="Label : FixedRateSwapDI to label_FixedRateSwapDI_1" />
    <link:label xlink:type="resource" xlink:label="label_FixedRateSwapDI_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FixedRateSwapDI_2" xml:lang="en-US" id="label_FixedRateSwapDI_2">The amount of fixed rate swap of DI related to interest rate swap.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedRateSwapDI" xlink:to="label_FixedRateSwapDI_2" xlink:title="Label : FixedRateSwapDI to label_FixedRateSwapDI_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InterestRateSwapInBrazilianReaisDebenturesCRAAbstract" xlink:label="InterestRateSwapInBrazilianReaisDebenturesCRAAbstract" xlink:title="InterestRateSwapInBrazilianReaisDebenturesCRAAbstract" />
    <link:label xlink:type="resource" xlink:label="label_InterestRateSwapInBrazilianReaisDebenturesCRAAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestRateSwapInBrazilianReaisDebenturesCRAAbstract" xml:lang="en-US" id="label_InterestRateSwapInBrazilianReaisDebenturesCRAAbstract">Interest rate swap (Real) - Debentures - CRA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateSwapInBrazilianReaisDebenturesCRAAbstract" xlink:to="label_InterestRateSwapInBrazilianReaisDebenturesCRAAbstract" xlink:title="Label : InterestRateSwapInBrazilianReaisDebenturesCRAAbstract to label_InterestRateSwapInBrazilianReaisDebenturesCRAAbstract" />
    <link:label xlink:type="resource" xlink:label="label_InterestRateSwapInBrazilianReaisDebenturesCRAAbstract_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InterestRateSwapInBrazilianReaisDebenturesCRAAbstract_1" xml:lang="en-US" id="label_InterestRateSwapInBrazilianReaisDebenturesCRAAbstract_1">Interest rate swap in brazilian reais debentures cra.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateSwapInBrazilianReaisDebenturesCRAAbstract" xlink:to="label_InterestRateSwapInBrazilianReaisDebenturesCRAAbstract_1" xlink:title="Label : InterestRateSwapInBrazilianReaisDebenturesCRAAbstract to label_InterestRateSwapInBrazilianReaisDebenturesCRAAbstract_1" />
    <link:label xlink:type="resource" xlink:label="label_InterestRateSwapInBrazilianReaisDebenturesCRAAbstract_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestRateSwapInBrazilianReaisDebenturesCRAAbstract_2" xml:lang="en-US" id="label_InterestRateSwapInBrazilianReaisDebenturesCRAAbstract_2">Interest Rate Swap in Brazilian Reais Debentures C R A [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateSwapInBrazilianReaisDebenturesCRAAbstract" xlink:to="label_InterestRateSwapInBrazilianReaisDebenturesCRAAbstract_2" xlink:title="Label : InterestRateSwapInBrazilianReaisDebenturesCRAAbstract to label_InterestRateSwapInBrazilianReaisDebenturesCRAAbstract_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NetInvestmentHedgedItemLiabilities" xlink:label="NetInvestmentHedgedItemLiabilities" xlink:title="NetInvestmentHedgedItemLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_NetInvestmentHedgedItemLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_NetInvestmentHedgedItemLiabilities" xml:lang="en-US" id="label_NetInvestmentHedgedItemLiabilities">Debts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetInvestmentHedgedItemLiabilities" xlink:to="label_NetInvestmentHedgedItemLiabilities" xlink:title="Label : NetInvestmentHedgedItemLiabilities to label_NetInvestmentHedgedItemLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_NetInvestmentHedgedItemLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NetInvestmentHedgedItemLiabilities_1" xml:lang="en-US" id="label_NetInvestmentHedgedItemLiabilities_1">The amount of a net investment hedged item, recognised as a liability.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetInvestmentHedgedItemLiabilities" xlink:to="label_NetInvestmentHedgedItemLiabilities_1" xlink:title="Label : NetInvestmentHedgedItemLiabilities to label_NetInvestmentHedgedItemLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_NetInvestmentHedgedItemLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetInvestmentHedgedItemLiabilities_2" xml:lang="en-US" id="label_NetInvestmentHedgedItemLiabilities_2">Net Investment Hedged Item, Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetInvestmentHedgedItemLiabilities" xlink:to="label_NetInvestmentHedgedItemLiabilities_2" xlink:title="Label : NetInvestmentHedgedItemLiabilities to label_NetInvestmentHedgedItemLiabilities_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NetInvestmentHedgedItemAssets" xlink:label="NetInvestmentHedgedItemAssets" xlink:title="NetInvestmentHedgedItemAssets" />
    <link:label xlink:type="resource" xlink:label="label_NetInvestmentHedgedItemAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetInvestmentHedgedItemAssets" xml:lang="en-US" id="label_NetInvestmentHedgedItemAssets">Net Investment Hedge</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetInvestmentHedgedItemAssets" xlink:to="label_NetInvestmentHedgedItemAssets" xlink:title="Label : NetInvestmentHedgedItemAssets to label_NetInvestmentHedgedItemAssets" />
    <link:label xlink:type="resource" xlink:label="label_NetInvestmentHedgedItemAssets_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NetInvestmentHedgedItemAssets_1" xml:lang="en-US" id="label_NetInvestmentHedgedItemAssets_1">The amount of a net investment hedged item, recognised as an asset.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetInvestmentHedgedItemAssets" xlink:to="label_NetInvestmentHedgedItemAssets_1" xlink:title="Label : NetInvestmentHedgedItemAssets to label_NetInvestmentHedgedItemAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_NetInvestmentHedgedItemAssets_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetInvestmentHedgedItemAssets_2" xml:lang="en-US" id="label_NetInvestmentHedgedItemAssets_2">Net Investment Hedged Item, Assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetInvestmentHedgedItemAssets" xlink:to="label_NetInvestmentHedgedItemAssets_2" xlink:title="Label : NetInvestmentHedgedItemAssets to label_NetInvestmentHedgedItemAssets_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_HedgesOfNetInvestmentsInForeignOperationsAbstract" xlink:label="HedgesOfNetInvestmentsInForeignOperationsAbstract" xlink:title="HedgesOfNetInvestmentsInForeignOperationsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_HedgesOfNetInvestmentsInForeignOperationsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HedgesOfNetInvestmentsInForeignOperationsAbstract" xml:lang="en-US" id="label_HedgesOfNetInvestmentsInForeignOperationsAbstract">Net Investment hedge in foreign entities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HedgesOfNetInvestmentsInForeignOperationsAbstract" xlink:to="label_HedgesOfNetInvestmentsInForeignOperationsAbstract" xlink:title="Label : HedgesOfNetInvestmentsInForeignOperationsAbstract to label_HedgesOfNetInvestmentsInForeignOperationsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_HedgesOfNetInvestmentsInForeignOperationsAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HedgesOfNetInvestmentsInForeignOperationsAbstract_1" xml:lang="en-US" id="label_HedgesOfNetInvestmentsInForeignOperationsAbstract_1">Hedges of net investment in foreign operations [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HedgesOfNetInvestmentsInForeignOperationsAbstract" xlink:to="label_HedgesOfNetInvestmentsInForeignOperationsAbstract_1" xlink:title="Label : HedgesOfNetInvestmentsInForeignOperationsAbstract to label_HedgesOfNetInvestmentsInForeignOperationsAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ReserveOfCashFlowHedgesContinuingHedges" xlink:label="ReserveOfCashFlowHedgesContinuingHedges" xlink:title="ReserveOfCashFlowHedgesContinuingHedges" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfCashFlowHedgesContinuingHedges" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ReserveOfCashFlowHedgesContinuingHedges" xml:lang="en-US" id="label_ReserveOfCashFlowHedgesContinuingHedges">Cash Flow Hedge, Net effect in equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfCashFlowHedgesContinuingHedges" xlink:to="label_ReserveOfCashFlowHedgesContinuingHedges" xlink:title="Label : ReserveOfCashFlowHedgesContinuingHedges to label_ReserveOfCashFlowHedgesContinuingHedges" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfCashFlowHedgesContinuingHedges_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveOfCashFlowHedgesContinuingHedges_1" xml:lang="en-US" id="label_ReserveOfCashFlowHedgesContinuingHedges_1">Reserve of cash flow hedges, continuing hedges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfCashFlowHedgesContinuingHedges" xlink:to="label_ReserveOfCashFlowHedgesContinuingHedges_1" xlink:title="Label : ReserveOfCashFlowHedgesContinuingHedges to label_ReserveOfCashFlowHedgesContinuingHedges_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CashFlowHedgedItemLiabilities" xlink:label="CashFlowHedgedItemLiabilities" xlink:title="CashFlowHedgedItemLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowHedgedItemLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CashFlowHedgedItemLiabilities" xml:lang="en-US" id="label_CashFlowHedgedItemLiabilities">Debts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowHedgedItemLiabilities" xlink:to="label_CashFlowHedgedItemLiabilities" xlink:title="Label : CashFlowHedgedItemLiabilities to label_CashFlowHedgedItemLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowHedgedItemLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CashFlowHedgedItemLiabilities_1" xml:lang="en-US" id="label_CashFlowHedgedItemLiabilities_1">The amount of a cash flow hedged item, recognised as a liability.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowHedgedItemLiabilities" xlink:to="label_CashFlowHedgedItemLiabilities_1" xlink:title="Label : CashFlowHedgedItemLiabilities to label_CashFlowHedgedItemLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowHedgedItemLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowHedgedItemLiabilities_2" xml:lang="en-US" id="label_CashFlowHedgedItemLiabilities_2">Cash Flow Hedged Item, Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowHedgedItemLiabilities" xlink:to="label_CashFlowHedgedItemLiabilities_2" xlink:title="Label : CashFlowHedgedItemLiabilities to label_CashFlowHedgedItemLiabilities_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CashFlowHedgedItemAssets" xlink:label="CashFlowHedgedItemAssets" xlink:title="CashFlowHedgedItemAssets" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowHedgedItemAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashFlowHedgedItemAssets" xml:lang="en-US" id="label_CashFlowHedgedItemAssets">Cash Flow Hedge</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowHedgedItemAssets" xlink:to="label_CashFlowHedgedItemAssets" xlink:title="Label : CashFlowHedgedItemAssets to label_CashFlowHedgedItemAssets" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowHedgedItemAssets_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CashFlowHedgedItemAssets_1" xml:lang="en-US" id="label_CashFlowHedgedItemAssets_1">The amount of a cash flow hedged item, recognised as an asset.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowHedgedItemAssets" xlink:to="label_CashFlowHedgedItemAssets_1" xlink:title="Label : CashFlowHedgedItemAssets to label_CashFlowHedgedItemAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowHedgedItemAssets_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowHedgedItemAssets_2" xml:lang="en-US" id="label_CashFlowHedgedItemAssets_2">Cash Flow Hedged Item, Assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowHedgedItemAssets" xlink:to="label_CashFlowHedgedItemAssets_2" xlink:title="Label : CashFlowHedgedItemAssets to label_CashFlowHedgedItemAssets_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowHedgesAbstract" xlink:label="CashFlowHedgesAbstract" xlink:title="CashFlowHedgesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowHedgesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowHedgesAbstract" xml:lang="en-US" id="label_CashFlowHedgesAbstract">Cash flow hedges [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowHedgesAbstract" xlink:to="label_CashFlowHedgesAbstract" xlink:title="Label : CashFlowHedgesAbstract to label_CashFlowHedgesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowHedgesAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashFlowHedgesAbstract_1" xml:lang="en-US" id="label_CashFlowHedgesAbstract_1">Cash Flow Hedge</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowHedgesAbstract" xlink:to="label_CashFlowHedgesAbstract_1" xlink:title="Label : CashFlowHedgesAbstract to label_CashFlowHedgesAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_RealToUsDollarSwapsNetEffect" xlink:label="RealToUsDollarSwapsNetEffect" xlink:title="RealToUsDollarSwapsNetEffect" />
    <link:label xlink:type="resource" xlink:label="label_RealToUsDollarSwapsNetEffect" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RealToUsDollarSwapsNetEffect" xml:lang="en-US" id="label_RealToUsDollarSwapsNetEffect">Real to us dollar swaps net effect</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealToUsDollarSwapsNetEffect" xlink:to="label_RealToUsDollarSwapsNetEffect" xlink:title="Label : RealToUsDollarSwapsNetEffect to label_RealToUsDollarSwapsNetEffect" />
    <link:label xlink:type="resource" xlink:label="label_RealToUsDollarSwapsNetEffect_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_RealToUsDollarSwapsNetEffect_1" xml:lang="en-US" id="label_RealToUsDollarSwapsNetEffect_1">Net effect</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealToUsDollarSwapsNetEffect" xlink:to="label_RealToUsDollarSwapsNetEffect_1" xlink:title="Label : RealToUsDollarSwapsNetEffect to label_RealToUsDollarSwapsNetEffect_1" />
    <link:label xlink:type="resource" xlink:label="label_RealToUsDollarSwapsNetEffect_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RealToUsDollarSwapsNetEffect_2" xml:lang="en-US" id="label_RealToUsDollarSwapsNetEffect_2">The amount of currency swaps payable from Real to US Dollar swaps net effect.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealToUsDollarSwapsNetEffect" xlink:to="label_RealToUsDollarSwapsNetEffect_2" xlink:title="Label : RealToUsDollarSwapsNetEffect to label_RealToUsDollarSwapsNetEffect_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_GrossMarginOfOxitenoIpirangaSwapPayable" xlink:label="GrossMarginOfOxitenoIpirangaSwapPayable" xlink:title="GrossMarginOfOxitenoIpirangaSwapPayable" />
    <link:label xlink:type="resource" xlink:label="label_GrossMarginOfOxitenoIpirangaSwapPayable" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_GrossMarginOfOxitenoIpirangaSwapPayable" xml:lang="en-US" id="label_GrossMarginOfOxitenoIpirangaSwapPayable">Gross margin of Oxiteno/Ipiranga</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrossMarginOfOxitenoIpirangaSwapPayable" xlink:to="label_GrossMarginOfOxitenoIpirangaSwapPayable" xlink:title="Label : GrossMarginOfOxitenoIpirangaSwapPayable to label_GrossMarginOfOxitenoIpirangaSwapPayable" />
    <link:label xlink:type="resource" xlink:label="label_GrossMarginOfOxitenoIpirangaSwapPayable_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GrossMarginOfOxitenoIpirangaSwapPayable_1" xml:lang="en-US" id="label_GrossMarginOfOxitenoIpirangaSwapPayable_1">Gross Margin of Oxiteno Ipiranga Swap Payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrossMarginOfOxitenoIpirangaSwapPayable" xlink:to="label_GrossMarginOfOxitenoIpirangaSwapPayable_1" xlink:title="Label : GrossMarginOfOxitenoIpirangaSwapPayable to label_GrossMarginOfOxitenoIpirangaSwapPayable_1" />
    <link:label xlink:type="resource" xlink:label="label_GrossMarginOfOxitenoIpirangaSwapPayable_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GrossMarginOfOxitenoIpirangaSwapPayable_2" xml:lang="en-US" id="label_GrossMarginOfOxitenoIpirangaSwapPayable_2">The amount of gross margin of Oxiteno and Ipiranga related to currency swap payable.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrossMarginOfOxitenoIpirangaSwapPayable" xlink:to="label_GrossMarginOfOxitenoIpirangaSwapPayable_2" xlink:title="Label : GrossMarginOfOxitenoIpirangaSwapPayable to label_GrossMarginOfOxitenoIpirangaSwapPayable_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_RealToUsDollarSwaps" xlink:label="RealToUsDollarSwaps" xlink:title="RealToUsDollarSwaps" />
    <link:label xlink:type="resource" xlink:label="label_RealToUsDollarSwaps" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RealToUsDollarSwaps" xml:lang="en-US" id="label_RealToUsDollarSwaps">Real to us dollar swaps</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealToUsDollarSwaps" xlink:to="label_RealToUsDollarSwaps" xlink:title="Label : RealToUsDollarSwaps to label_RealToUsDollarSwaps" />
    <link:label xlink:type="resource" xlink:label="label_RealToUsDollarSwaps_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RealToUsDollarSwaps_1" xml:lang="en-US" id="label_RealToUsDollarSwaps_1">Real / U.S. Dollar swaps</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealToUsDollarSwaps" xlink:to="label_RealToUsDollarSwaps_1" xlink:title="Label : RealToUsDollarSwaps to label_RealToUsDollarSwaps_1" />
    <link:label xlink:type="resource" xlink:label="label_RealToUsDollarSwaps_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RealToUsDollarSwaps_2" xml:lang="en-US" id="label_RealToUsDollarSwaps_2">The amount of currency swaps payable from Real / U.S. Dollar swaps.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealToUsDollarSwaps" xlink:to="label_RealToUsDollarSwaps_2" xlink:title="Label : RealToUsDollarSwaps to label_RealToUsDollarSwaps_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CurrencySwapsPayableInUSDollarsAbstract" xlink:label="CurrencySwapsPayableInUSDollarsAbstract" xlink:title="CurrencySwapsPayableInUSDollarsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CurrencySwapsPayableInUSDollarsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrencySwapsPayableInUSDollarsAbstract" xml:lang="en-US" id="label_CurrencySwapsPayableInUSDollarsAbstract">Currency Swaps Payable in U S Dollars [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrencySwapsPayableInUSDollarsAbstract" xlink:to="label_CurrencySwapsPayableInUSDollarsAbstract" xlink:title="Label : CurrencySwapsPayableInUSDollarsAbstract to label_CurrencySwapsPayableInUSDollarsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CurrencySwapsPayableInUSDollarsAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrencySwapsPayableInUSDollarsAbstract_1" xml:lang="en-US" id="label_CurrencySwapsPayableInUSDollarsAbstract_1">Currency swaps payable in U.S. dollars</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrencySwapsPayableInUSDollarsAbstract" xlink:to="label_CurrencySwapsPayableInUSDollarsAbstract_1" xlink:title="Label : CurrencySwapsPayableInUSDollarsAbstract to label_CurrencySwapsPayableInUSDollarsAbstract_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrencySwapsPayableInUSDollarsAbstract_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrencySwapsPayableInUSDollarsAbstract_2" xml:lang="en-US" id="label_CurrencySwapsPayableInUSDollarsAbstract_2">Currency swaps payable in us dollars.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrencySwapsPayableInUSDollarsAbstract" xlink:to="label_CurrencySwapsPayableInUSDollarsAbstract_2" xlink:title="Label : CurrencySwapsPayableInUSDollarsAbstract to label_CurrencySwapsPayableInUSDollarsAbstract_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_USDollarToRealSwapsNetEffect" xlink:label="USDollarToRealSwapsNetEffect" xlink:title="USDollarToRealSwapsNetEffect" />
    <link:label xlink:type="resource" xlink:label="label_USDollarToRealSwapsNetEffect" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_USDollarToRealSwapsNetEffect" xml:lang="en-US" id="label_USDollarToRealSwapsNetEffect">The amount of currency swaps receivable from U.S. Dollar to Real swaps net effect.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="USDollarToRealSwapsNetEffect" xlink:to="label_USDollarToRealSwapsNetEffect" xlink:title="Label : USDollarToRealSwapsNetEffect to label_USDollarToRealSwapsNetEffect" />
    <link:label xlink:type="resource" xlink:label="label_USDollarToRealSwapsNetEffect_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_USDollarToRealSwapsNetEffect_1" xml:lang="en-US" id="label_USDollarToRealSwapsNetEffect_1">Net effect</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="USDollarToRealSwapsNetEffect" xlink:to="label_USDollarToRealSwapsNetEffect_1" xlink:title="Label : USDollarToRealSwapsNetEffect to label_USDollarToRealSwapsNetEffect_1" />
    <link:label xlink:type="resource" xlink:label="label_USDollarToRealSwapsNetEffect_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_USDollarToRealSwapsNetEffect_2" xml:lang="en-US" id="label_USDollarToRealSwapsNetEffect_2">U S Dollar to Real Swaps Net Effect</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="USDollarToRealSwapsNetEffect" xlink:to="label_USDollarToRealSwapsNetEffect_2" xlink:title="Label : USDollarToRealSwapsNetEffect to label_USDollarToRealSwapsNetEffect_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebtsFirmCommitmentsInDollars" xlink:label="DebtsFirmCommitmentsInDollars" xlink:title="DebtsFirmCommitmentsInDollars" />
    <link:label xlink:type="resource" xlink:label="label_DebtsFirmCommitmentsInDollars" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebtsFirmCommitmentsInDollars" xml:lang="en-US" id="label_DebtsFirmCommitmentsInDollars">The amount of Debts / firm commitments in dollars.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtsFirmCommitmentsInDollars" xlink:to="label_DebtsFirmCommitmentsInDollars" xlink:title="Label : DebtsFirmCommitmentsInDollars to label_DebtsFirmCommitmentsInDollars" />
    <link:label xlink:type="resource" xlink:label="label_DebtsFirmCommitmentsInDollars_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DebtsFirmCommitmentsInDollars_1" xml:lang="en-US" id="label_DebtsFirmCommitmentsInDollars_1">Debts / firm commitments in dollars</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtsFirmCommitmentsInDollars" xlink:to="label_DebtsFirmCommitmentsInDollars_1" xlink:title="Label : DebtsFirmCommitmentsInDollars to label_DebtsFirmCommitmentsInDollars_1" />
    <link:label xlink:type="resource" xlink:label="label_DebtsFirmCommitmentsInDollars_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtsFirmCommitmentsInDollars_2" xml:lang="en-US" id="label_DebtsFirmCommitmentsInDollars_2">Debts firm commitments in dollars</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtsFirmCommitmentsInDollars" xlink:to="label_DebtsFirmCommitmentsInDollars_2" xlink:title="Label : DebtsFirmCommitmentsInDollars to label_DebtsFirmCommitmentsInDollars_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_USDollarToRealSwaps" xlink:label="USDollarToRealSwaps" xlink:title="USDollarToRealSwaps" />
    <link:label xlink:type="resource" xlink:label="label_USDollarToRealSwaps" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_USDollarToRealSwaps" xml:lang="en-US" id="label_USDollarToRealSwaps">The amount of currency swaps receivable from U.S. Dollar/ Real swaps.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="USDollarToRealSwaps" xlink:to="label_USDollarToRealSwaps" xlink:title="Label : USDollarToRealSwaps to label_USDollarToRealSwaps" />
    <link:label xlink:type="resource" xlink:label="label_USDollarToRealSwaps_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_USDollarToRealSwaps_1" xml:lang="en-US" id="label_USDollarToRealSwaps_1">U.S. Dollar / Real swaps</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="USDollarToRealSwaps" xlink:to="label_USDollarToRealSwaps_1" xlink:title="Label : USDollarToRealSwaps to label_USDollarToRealSwaps_1" />
    <link:label xlink:type="resource" xlink:label="label_USDollarToRealSwaps_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_USDollarToRealSwaps_2" xml:lang="en-US" id="label_USDollarToRealSwaps_2">U S Dollar to Real Swaps</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="USDollarToRealSwaps" xlink:to="label_USDollarToRealSwaps_2" xlink:title="Label : USDollarToRealSwaps to label_USDollarToRealSwaps_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CurrencySwapsReceivableInUSDollarsAbstract" xlink:label="CurrencySwapsReceivableInUSDollarsAbstract" xlink:title="CurrencySwapsReceivableInUSDollarsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CurrencySwapsReceivableInUSDollarsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrencySwapsReceivableInUSDollarsAbstract" xml:lang="en-US" id="label_CurrencySwapsReceivableInUSDollarsAbstract">Currency Swaps Receivable in U S Dollars [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrencySwapsReceivableInUSDollarsAbstract" xlink:to="label_CurrencySwapsReceivableInUSDollarsAbstract" xlink:title="Label : CurrencySwapsReceivableInUSDollarsAbstract to label_CurrencySwapsReceivableInUSDollarsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CurrencySwapsReceivableInUSDollarsAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrencySwapsReceivableInUSDollarsAbstract_1" xml:lang="en-US" id="label_CurrencySwapsReceivableInUSDollarsAbstract_1">Currency swaps receivable in U.S. dollars</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrencySwapsReceivableInUSDollarsAbstract" xlink:to="label_CurrencySwapsReceivableInUSDollarsAbstract_1" xlink:title="Label : CurrencySwapsReceivableInUSDollarsAbstract to label_CurrencySwapsReceivableInUSDollarsAbstract_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrencySwapsReceivableInUSDollarsAbstract_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrencySwapsReceivableInUSDollarsAbstract_2" xml:lang="en-US" id="label_CurrencySwapsReceivableInUSDollarsAbstract_2">Currency swaps receivable in us dollars.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrencySwapsReceivableInUSDollarsAbstract" xlink:to="label_CurrencySwapsReceivableInUSDollarsAbstract_2" xlink:title="Label : CurrencySwapsReceivableInUSDollarsAbstract to label_CurrencySwapsReceivableInUSDollarsAbstract_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CategoryOfFinancialAssetsAndLiabilities" xlink:label="CategoryOfFinancialAssetsAndLiabilities" xlink:title="CategoryOfFinancialAssetsAndLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CategoryOfFinancialAssetsAndLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CategoryOfFinancialAssetsAndLiabilities" xml:lang="en-US" id="label_CategoryOfFinancialAssetsAndLiabilities">Category of financial assets and liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CategoryOfFinancialAssetsAndLiabilities" xlink:to="label_CategoryOfFinancialAssetsAndLiabilities" xlink:title="Label : CategoryOfFinancialAssetsAndLiabilities to label_CategoryOfFinancialAssetsAndLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CategoryOfFinancialAssetsAndLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CategoryOfFinancialAssetsAndLiabilities_1" xml:lang="en-US" id="label_CategoryOfFinancialAssetsAndLiabilities_1">Category</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CategoryOfFinancialAssetsAndLiabilities" xlink:to="label_CategoryOfFinancialAssetsAndLiabilities_1" xlink:title="Label : CategoryOfFinancialAssetsAndLiabilities to label_CategoryOfFinancialAssetsAndLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_CategoryOfFinancialAssetsAndLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CategoryOfFinancialAssetsAndLiabilities_2" xml:lang="en-US" id="label_CategoryOfFinancialAssetsAndLiabilities_2">The description of category of financial assets and liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CategoryOfFinancialAssetsAndLiabilities" xlink:to="label_CategoryOfFinancialAssetsAndLiabilities_2" xlink:title="Label : CategoryOfFinancialAssetsAndLiabilities to label_CategoryOfFinancialAssetsAndLiabilities_2" />
    <link:label xlink:type="resource" xlink:label="label_CommoditiesCurrencyAndInterestRateHedgingInstrumentsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CommoditiesCurrencyAndInterestRateHedgingInstrumentsMember_1" xml:lang="en-US" id="label_CommoditiesCurrencyAndInterestRateHedgingInstrumentsMember_1">Commodities, currency and interest rate hedging instruments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommoditiesCurrencyAndInterestRateHedgingInstrumentsMember" xlink:to="label_CommoditiesCurrencyAndInterestRateHedgingInstrumentsMember_1" xlink:title="Label : CommoditiesCurrencyAndInterestRateHedgingInstrumentsMember to label_CommoditiesCurrencyAndInterestRateHedgingInstrumentsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_CommoditiesCurrencyAndInterestRateHedgingInstrumentsMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommoditiesCurrencyAndInterestRateHedgingInstrumentsMember_2" xml:lang="en-US" id="label_CommoditiesCurrencyAndInterestRateHedgingInstrumentsMember_2">Commodities currency and interest rate hedging instruments [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommoditiesCurrencyAndInterestRateHedgingInstrumentsMember" xlink:to="label_CommoditiesCurrencyAndInterestRateHedgingInstrumentsMember_2" xlink:title="Label : CommoditiesCurrencyAndInterestRateHedgingInstrumentsMember to label_CommoditiesCurrencyAndInterestRateHedgingInstrumentsMember_2" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Debentures1Member" xlink:to="label_Debentures1Member" xlink:title="Label : Debentures1Member to label_Debentures1Member" />
    <link:label xlink:type="resource" xlink:label="label_Debentures1Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Debentures1Member_1" xml:lang="en-US" id="label_Debentures1Member_1">Debentures 1 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Debentures1Member" xlink:to="label_Debentures1Member_1" xlink:title="Label : Debentures1Member to label_Debentures1Member_1" />
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    <link:label xlink:type="resource" xlink:label="label_DisclosureOfBreakdownOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfBreakdownOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock" xml:lang="en-US" id="label_DisclosureOfBreakdownOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock">Breakdown of loss allowance for expected credit losses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfBreakdownOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock" xlink:to="label_DisclosureOfBreakdownOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock" xlink:title="Label : DisclosureOfBreakdownOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock to label_DisclosureOfBreakdownOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_Debentures1Member_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Debentures1Member_2" xml:lang="en-US" id="label_Debentures1Member_2">This member stands for the information pertaining to debentures.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Debentures1Member" xlink:to="label_Debentures1Member_2" xlink:title="Label : Debentures1Member to label_Debentures1Member_2" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Financing2Member" xlink:to="label_Financing2Member" xlink:title="Label : Financing2Member to label_Financing2Member" />
    <link:label xlink:type="resource" xlink:label="label_Financing2Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Financing2Member_1" xml:lang="en-US" id="label_Financing2Member_1">Financing 2 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Financing2Member" xlink:to="label_Financing2Member_1" xlink:title="Label : Financing2Member to label_Financing2Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Financing2Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Financing2Member_2" xml:lang="en-US" id="label_Financing2Member_2">Financing 2 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Financing2Member" xlink:to="label_Financing2Member_2" xlink:title="Label : Financing2Member to label_Financing2Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Financing1Member" xlink:label="Financing1Member" xlink:title="Financing1Member" />
    <link:label xlink:type="resource" xlink:label="label_Financing1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Financing1Member" xml:lang="en-US" id="label_Financing1Member">This member stands for the information pertaining to financing payables.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Financing1Member" xlink:to="label_Financing1Member" xlink:title="Label : Financing1Member to label_Financing1Member" />
    <link:label xlink:type="resource" xlink:label="label_Financing1Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Financing1Member_1" xml:lang="en-US" id="label_Financing1Member_1">Financing 1 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Financing1Member" xlink:to="label_Financing1Member_1" xlink:title="Label : Financing1Member to label_Financing1Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Financing1Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Financing1Member_2" xml:lang="en-US" id="label_Financing1Member_2">Financing1 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Financing1Member" xlink:to="label_Financing1Member_2" xlink:title="Label : Financing1Member to label_Financing1Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CurrencyInterestRateHedgingInstrumentsMember" xlink:label="CurrencyInterestRateHedgingInstrumentsMember" xlink:title="CurrencyInterestRateHedgingInstrumentsMember" />
    <link:label xlink:type="resource" xlink:label="label_CurrencyInterestRateHedgingInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CurrencyInterestRateHedgingInstrumentsMember" xml:lang="en-US" id="label_CurrencyInterestRateHedgingInstrumentsMember">Currency and interest rate hedging and commodities instruments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrencyInterestRateHedgingInstrumentsMember" xlink:to="label_CurrencyInterestRateHedgingInstrumentsMember" xlink:title="Label : CurrencyInterestRateHedgingInstrumentsMember to label_CurrencyInterestRateHedgingInstrumentsMember" />
    <link:label xlink:type="resource" xlink:label="label_CurrencyInterestRateHedgingInstrumentsMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrencyInterestRateHedgingInstrumentsMember_1" xml:lang="en-US" id="label_CurrencyInterestRateHedgingInstrumentsMember_1">This member stands for the information pertaining to currency interest rate hedging instruments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrencyInterestRateHedgingInstrumentsMember" xlink:to="label_CurrencyInterestRateHedgingInstrumentsMember_1" xlink:title="Label : CurrencyInterestRateHedgingInstrumentsMember to label_CurrencyInterestRateHedgingInstrumentsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrencyInterestRateHedgingInstrumentsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrencyInterestRateHedgingInstrumentsMember_2" xml:lang="en-US" id="label_CurrencyInterestRateHedgingInstrumentsMember_2">Currency interest rate hedging instruments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrencyInterestRateHedgingInstrumentsMember" xlink:to="label_CurrencyInterestRateHedgingInstrumentsMember_2" xlink:title="Label : CurrencyInterestRateHedgingInstrumentsMember to label_CurrencyInterestRateHedgingInstrumentsMember_2" />
    <link:label xlink:type="resource" xlink:label="label_CurrencyInterestRateHedgingInstrumentsMember_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrencyInterestRateHedgingInstrumentsMember_3" xml:lang="en-US" id="label_CurrencyInterestRateHedgingInstrumentsMember_3">Currency interest rate hedging instruments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrencyInterestRateHedgingInstrumentsMember" xlink:to="label_CurrencyInterestRateHedgingInstrumentsMember_3" xlink:title="Label : CurrencyInterestRateHedgingInstrumentsMember to label_CurrencyInterestRateHedgingInstrumentsMember_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FixedIncomeSecuritiesForeignCurrencyMember" xlink:label="FixedIncomeSecuritiesForeignCurrencyMember" xlink:title="FixedIncomeSecuritiesForeignCurrencyMember" />
    <link:label xlink:type="resource" xlink:label="label_FixedIncomeSecuritiesForeignCurrencyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FixedIncomeSecuritiesForeignCurrencyMember" xml:lang="en-US" id="label_FixedIncomeSecuritiesForeignCurrencyMember">Fixed income securities foreign currency [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedIncomeSecuritiesForeignCurrencyMember" xlink:to="label_FixedIncomeSecuritiesForeignCurrencyMember" xlink:title="Label : FixedIncomeSecuritiesForeignCurrencyMember to label_FixedIncomeSecuritiesForeignCurrencyMember" />
    <link:label xlink:type="resource" xlink:label="label_FixedIncomeSecuritiesForeignCurrencyMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FixedIncomeSecuritiesForeignCurrencyMember_1" xml:lang="en-US" id="label_FixedIncomeSecuritiesForeignCurrencyMember_1">Fixed income securities foreign currency [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedIncomeSecuritiesForeignCurrencyMember" xlink:to="label_FixedIncomeSecuritiesForeignCurrencyMember_1" xlink:title="Label : FixedIncomeSecuritiesForeignCurrencyMember to label_FixedIncomeSecuritiesForeignCurrencyMember_1" />
    <link:label xlink:type="resource" xlink:label="label_FixedIncomeSecuritiesForeignCurrencyMember_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FixedIncomeSecuritiesForeignCurrencyMember_2" xml:lang="en-US" id="label_FixedIncomeSecuritiesForeignCurrencyMember_2">Fixed-income securities and funds in foreign currency [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedIncomeSecuritiesForeignCurrencyMember" xlink:to="label_FixedIncomeSecuritiesForeignCurrencyMember_2" xlink:title="Label : FixedIncomeSecuritiesForeignCurrencyMember to label_FixedIncomeSecuritiesForeignCurrencyMember_2" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfBreakdownOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock" xlink:to="label_DisclosureOfBreakdownOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock_1" xlink:title="Label : DisclosureOfBreakdownOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock to label_DisclosureOfBreakdownOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_FixedIncomeSecuritiesForeignCurrencyMember_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FixedIncomeSecuritiesForeignCurrencyMember_3" xml:lang="en-US" id="label_FixedIncomeSecuritiesForeignCurrencyMember_3">This member stands for the information pertaining to fixed income securities foreign currency.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedIncomeSecuritiesForeignCurrencyMember" xlink:to="label_FixedIncomeSecuritiesForeignCurrencyMember_3" xlink:title="Label : FixedIncomeSecuritiesForeignCurrencyMember to label_FixedIncomeSecuritiesForeignCurrencyMember_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FixedIncomeSecuritiesLocalCurrency3Member" xlink:label="FixedIncomeSecuritiesLocalCurrency3Member" xlink:title="FixedIncomeSecuritiesLocalCurrency3Member" />
    <link:label xlink:type="resource" xlink:label="label_FixedIncomeSecuritiesLocalCurrency3Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FixedIncomeSecuritiesLocalCurrency3Member" xml:lang="en-US" id="label_FixedIncomeSecuritiesLocalCurrency3Member">This member stands for the information pertaining to fixed income securities local currency.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedIncomeSecuritiesLocalCurrency3Member" xlink:to="label_FixedIncomeSecuritiesLocalCurrency3Member" xlink:title="Label : FixedIncomeSecuritiesLocalCurrency3Member to label_FixedIncomeSecuritiesLocalCurrency3Member" />
    <link:label xlink:type="resource" xlink:label="label_FixedIncomeSecuritiesLocalCurrency3Member_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FixedIncomeSecuritiesLocalCurrency3Member_1" xml:lang="en-US" id="label_FixedIncomeSecuritiesLocalCurrency3Member_1">Fixed-income securities and funds in local currency 3 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedIncomeSecuritiesLocalCurrency3Member" xlink:to="label_FixedIncomeSecuritiesLocalCurrency3Member_1" xlink:title="Label : FixedIncomeSecuritiesLocalCurrency3Member to label_FixedIncomeSecuritiesLocalCurrency3Member_1" />
    <link:label xlink:type="resource" xlink:label="label_FixedIncomeSecuritiesLocalCurrency3Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FixedIncomeSecuritiesLocalCurrency3Member_2" xml:lang="en-US" id="label_FixedIncomeSecuritiesLocalCurrency3Member_2">Fixed-income securities (guarantee of loans) [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedIncomeSecuritiesLocalCurrency3Member" xlink:to="label_FixedIncomeSecuritiesLocalCurrency3Member_2" xlink:title="Label : FixedIncomeSecuritiesLocalCurrency3Member to label_FixedIncomeSecuritiesLocalCurrency3Member_2" />
    <link:label xlink:type="resource" xlink:label="label_FixedIncomeSecuritiesLocalCurrency3Member_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FixedIncomeSecuritiesLocalCurrency3Member_3" xml:lang="en-US" id="label_FixedIncomeSecuritiesLocalCurrency3Member_3">Fixed income securities local currency3 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedIncomeSecuritiesLocalCurrency3Member" xlink:to="label_FixedIncomeSecuritiesLocalCurrency3Member_3" xlink:title="Label : FixedIncomeSecuritiesLocalCurrency3Member to label_FixedIncomeSecuritiesLocalCurrency3Member_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FixedIncomeSecuritiesLocalCurrency2Member" xlink:label="FixedIncomeSecuritiesLocalCurrency2Member" xlink:title="FixedIncomeSecuritiesLocalCurrency2Member" />
    <link:label xlink:type="resource" xlink:label="label_FixedIncomeSecuritiesLocalCurrency2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FixedIncomeSecuritiesLocalCurrency2Member" xml:lang="en-US" id="label_FixedIncomeSecuritiesLocalCurrency2Member">Fixed income securities local currency2 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedIncomeSecuritiesLocalCurrency2Member" xlink:to="label_FixedIncomeSecuritiesLocalCurrency2Member" xlink:title="Label : FixedIncomeSecuritiesLocalCurrency2Member to label_FixedIncomeSecuritiesLocalCurrency2Member" />
    <link:label xlink:type="resource" xlink:label="label_FixedIncomeSecuritiesLocalCurrency2Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FixedIncomeSecuritiesLocalCurrency2Member_1" xml:lang="en-US" id="label_FixedIncomeSecuritiesLocalCurrency2Member_1">Fixed income securities local currency2 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedIncomeSecuritiesLocalCurrency2Member" xlink:to="label_FixedIncomeSecuritiesLocalCurrency2Member_1" xlink:title="Label : FixedIncomeSecuritiesLocalCurrency2Member to label_FixedIncomeSecuritiesLocalCurrency2Member_1" />
    <link:label xlink:type="resource" xlink:label="label_FixedIncomeSecuritiesLocalCurrency2Member_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FixedIncomeSecuritiesLocalCurrency2Member_2" xml:lang="en-US" id="label_FixedIncomeSecuritiesLocalCurrency2Member_2">Fixed-income securities and funds in local currency 2 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedIncomeSecuritiesLocalCurrency2Member" xlink:to="label_FixedIncomeSecuritiesLocalCurrency2Member_2" xlink:title="Label : FixedIncomeSecuritiesLocalCurrency2Member to label_FixedIncomeSecuritiesLocalCurrency2Member_2" />
    <link:label xlink:type="resource" xlink:label="label_FixedIncomeSecuritiesLocalCurrency2Member_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FixedIncomeSecuritiesLocalCurrency2Member_3" xml:lang="en-US" id="label_FixedIncomeSecuritiesLocalCurrency2Member_3">This member stands for the information pertaining to fixed income securities local currency.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedIncomeSecuritiesLocalCurrency2Member" xlink:to="label_FixedIncomeSecuritiesLocalCurrency2Member_3" xlink:title="Label : FixedIncomeSecuritiesLocalCurrency2Member to label_FixedIncomeSecuritiesLocalCurrency2Member_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FixedIncomeSecuritiesLocalCurrency1Member" xlink:label="FixedIncomeSecuritiesLocalCurrency1Member" xlink:title="FixedIncomeSecuritiesLocalCurrency1Member" />
    <link:label xlink:type="resource" xlink:label="label_FixedIncomeSecuritiesLocalCurrency1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FixedIncomeSecuritiesLocalCurrency1Member" xml:lang="en-US" id="label_FixedIncomeSecuritiesLocalCurrency1Member">Fixed income securities local currency1 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedIncomeSecuritiesLocalCurrency1Member" xlink:to="label_FixedIncomeSecuritiesLocalCurrency1Member" xlink:title="Label : FixedIncomeSecuritiesLocalCurrency1Member to label_FixedIncomeSecuritiesLocalCurrency1Member" />
    <link:label xlink:type="resource" xlink:label="label_FixedIncomeSecuritiesLocalCurrency1Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FixedIncomeSecuritiesLocalCurrency1Member_1" xml:lang="en-US" id="label_FixedIncomeSecuritiesLocalCurrency1Member_1">Fixed income securities local currency1 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedIncomeSecuritiesLocalCurrency1Member" xlink:to="label_FixedIncomeSecuritiesLocalCurrency1Member_1" xlink:title="Label : FixedIncomeSecuritiesLocalCurrency1Member to label_FixedIncomeSecuritiesLocalCurrency1Member_1" />
    <link:label xlink:type="resource" xlink:label="label_FixedIncomeSecuritiesLocalCurrency1Member_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FixedIncomeSecuritiesLocalCurrency1Member_2" xml:lang="en-US" id="label_FixedIncomeSecuritiesLocalCurrency1Member_2">Fixed-income securities and funds in local currency1 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedIncomeSecuritiesLocalCurrency1Member" xlink:to="label_FixedIncomeSecuritiesLocalCurrency1Member_2" xlink:title="Label : FixedIncomeSecuritiesLocalCurrency1Member to label_FixedIncomeSecuritiesLocalCurrency1Member_2" />
    <link:label xlink:type="resource" xlink:label="label_FixedIncomeSecuritiesLocalCurrency1Member_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FixedIncomeSecuritiesLocalCurrency1Member_3" xml:lang="en-US" id="label_FixedIncomeSecuritiesLocalCurrency1Member_3">This member stands for the information pertaining to fixed income securities local currency.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedIncomeSecuritiesLocalCurrency1Member" xlink:to="label_FixedIncomeSecuritiesLocalCurrency1Member_3" xlink:title="Label : FixedIncomeSecuritiesLocalCurrency1Member to label_FixedIncomeSecuritiesLocalCurrency1Member_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FinancialInvestmentsForeignCurrencyMember" xlink:label="FinancialInvestmentsForeignCurrencyMember" xlink:title="FinancialInvestmentsForeignCurrencyMember" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsForeignCurrencyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialInvestmentsForeignCurrencyMember" xml:lang="en-US" id="label_FinancialInvestmentsForeignCurrencyMember">Financial investments foreign currency [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsForeignCurrencyMember" xlink:to="label_FinancialInvestmentsForeignCurrencyMember" xlink:title="Label : FinancialInvestmentsForeignCurrencyMember to label_FinancialInvestmentsForeignCurrencyMember" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsForeignCurrencyMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinancialInvestmentsForeignCurrencyMember_1" xml:lang="en-US" id="label_FinancialInvestmentsForeignCurrencyMember_1">Financial investments foreign currency [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsForeignCurrencyMember" xlink:to="label_FinancialInvestmentsForeignCurrencyMember_1" xlink:title="Label : FinancialInvestmentsForeignCurrencyMember to label_FinancialInvestmentsForeignCurrencyMember_1" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsForeignCurrencyMember_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FinancialInvestmentsForeignCurrencyMember_2" xml:lang="en-US" id="label_FinancialInvestmentsForeignCurrencyMember_2">Financial investments in foreign currency [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsForeignCurrencyMember" xlink:to="label_FinancialInvestmentsForeignCurrencyMember_2" xlink:title="Label : FinancialInvestmentsForeignCurrencyMember to label_FinancialInvestmentsForeignCurrencyMember_2" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsForeignCurrencyMember_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FinancialInvestmentsForeignCurrencyMember_3" xml:lang="en-US" id="label_FinancialInvestmentsForeignCurrencyMember_3">This member stands for the information pertaining to financial investments foreign currency.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsForeignCurrencyMember" xlink:to="label_FinancialInvestmentsForeignCurrencyMember_3" xlink:title="Label : FinancialInvestmentsForeignCurrencyMember to label_FinancialInvestmentsForeignCurrencyMember_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FinancialInvestmentsLocalCurrencyMember" xlink:label="FinancialInvestmentsLocalCurrencyMember" xlink:title="FinancialInvestmentsLocalCurrencyMember" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsLocalCurrencyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialInvestmentsLocalCurrencyMember" xml:lang="en-US" id="label_FinancialInvestmentsLocalCurrencyMember">Financial investments local currency [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsLocalCurrencyMember" xlink:to="label_FinancialInvestmentsLocalCurrencyMember" xlink:title="Label : FinancialInvestmentsLocalCurrencyMember to label_FinancialInvestmentsLocalCurrencyMember" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsLocalCurrencyMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinancialInvestmentsLocalCurrencyMember_1" xml:lang="en-US" id="label_FinancialInvestmentsLocalCurrencyMember_1">Financial investments local currency [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsLocalCurrencyMember" xlink:to="label_FinancialInvestmentsLocalCurrencyMember_1" xlink:title="Label : FinancialInvestmentsLocalCurrencyMember to label_FinancialInvestmentsLocalCurrencyMember_1" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsLocalCurrencyMember_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FinancialInvestmentsLocalCurrencyMember_2" xml:lang="en-US" id="label_FinancialInvestmentsLocalCurrencyMember_2">Financial investments in local currency [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsLocalCurrencyMember" xlink:to="label_FinancialInvestmentsLocalCurrencyMember_2" xlink:title="Label : FinancialInvestmentsLocalCurrencyMember to label_FinancialInvestmentsLocalCurrencyMember_2" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsLocalCurrencyMember_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FinancialInvestmentsLocalCurrencyMember_3" xml:lang="en-US" id="label_FinancialInvestmentsLocalCurrencyMember_3">This member stands for the information pertaining to financial investments local currency.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsLocalCurrencyMember" xlink:to="label_FinancialInvestmentsLocalCurrencyMember_3" xlink:title="Label : FinancialInvestmentsLocalCurrencyMember to label_FinancialInvestmentsLocalCurrencyMember_3" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnHedgingInstrument_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainsLossesOnHedgingInstrument_1" xml:lang="en-US" id="label_GainsLossesOnHedgingInstrument_1">Gains (losses) on hedging instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnHedgingInstrument" xlink:to="label_GainsLossesOnHedgingInstrument_1" xlink:title="Label : GainsLossesOnHedgingInstrument to label_GainsLossesOnHedgingInstrument_1" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnHedgingInstrument_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainsLossesOnHedgingInstrument_2" xml:lang="en-US" id="label_GainsLossesOnHedgingInstrument_2">Gains (losses) on hedging instrument, fair value hedges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnHedgingInstrument" xlink:to="label_GainsLossesOnHedgingInstrument_2" xlink:title="Label : GainsLossesOnHedgingInstrument to label_GainsLossesOnHedgingInstrument_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NonDerivativeFinancialInstrumentsMember" xlink:label="NonDerivativeFinancialInstrumentsMember" xlink:title="NonDerivativeFinancialInstrumentsMember" />
    <link:label xlink:type="resource" xlink:label="label_NonDerivativeFinancialInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NonDerivativeFinancialInstrumentsMember" xml:lang="en-US" id="label_NonDerivativeFinancialInstrumentsMember">Non Derivative Financial Instruments [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonDerivativeFinancialInstrumentsMember" xlink:to="label_NonDerivativeFinancialInstrumentsMember" xlink:title="Label : NonDerivativeFinancialInstrumentsMember to label_NonDerivativeFinancialInstrumentsMember" />
    <link:label xlink:type="resource" xlink:label="label_NonDerivativeFinancialInstrumentsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NonDerivativeFinancialInstrumentsMember_1" xml:lang="en-US" id="label_NonDerivativeFinancialInstrumentsMember_1">Non-derivative financial instruments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonDerivativeFinancialInstrumentsMember" xlink:to="label_NonDerivativeFinancialInstrumentsMember_1" xlink:title="Label : NonDerivativeFinancialInstrumentsMember to label_NonDerivativeFinancialInstrumentsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_NonDerivativeFinancialInstrumentsMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NonDerivativeFinancialInstrumentsMember_2" xml:lang="en-US" id="label_NonDerivativeFinancialInstrumentsMember_2">This member stands for the information pertaining to non-derivative Financial Instruments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonDerivativeFinancialInstrumentsMember" xlink:to="label_NonDerivativeFinancialInstrumentsMember_2" xlink:title="Label : NonDerivativeFinancialInstrumentsMember to label_NonDerivativeFinancialInstrumentsMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InterestRateSwapsBrlMember" xlink:label="InterestRateSwapsBrlMember" xlink:title="InterestRateSwapsBrlMember" />
    <link:label xlink:type="resource" xlink:label="label_InterestRateSwapsBrlMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestRateSwapsBrlMember" xml:lang="en-US" id="label_InterestRateSwapsBrlMember">Interest rate swaps brl [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateSwapsBrlMember" xlink:to="label_InterestRateSwapsBrlMember" xlink:title="Label : InterestRateSwapsBrlMember to label_InterestRateSwapsBrlMember" />
    <link:label xlink:type="resource" xlink:label="label_InterestRateSwapsBrlMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestRateSwapsBrlMember_1" xml:lang="en-US" id="label_InterestRateSwapsBrlMember_1">Interest rate swaps in R$ [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateSwapsBrlMember" xlink:to="label_InterestRateSwapsBrlMember_1" xlink:title="Label : InterestRateSwapsBrlMember to label_InterestRateSwapsBrlMember_1" />
    <link:label xlink:type="resource" xlink:label="label_InterestRateSwapsBrlMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InterestRateSwapsBrlMember_2" xml:lang="en-US" id="label_InterestRateSwapsBrlMember_2">This member stands for the information pertaining to interest rate swaps brl.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateSwapsBrlMember" xlink:to="label_InterestRateSwapsBrlMember_2" xlink:title="Label : InterestRateSwapsBrlMember to label_InterestRateSwapsBrlMember_2" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfBreakdownOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfBreakdownOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock_2" xml:lang="en-US" id="label_DisclosureOfBreakdownOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock_2">Disclosure Of Breakdown Of Expected Losses On Doubtful Accounts Explanatory [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfBreakdownOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock" xlink:to="label_DisclosureOfBreakdownOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock_2" xlink:title="Label : DisclosureOfBreakdownOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock to label_DisclosureOfBreakdownOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ExchangeRateDerivatesPayableInUSDollarsMember" xlink:label="ExchangeRateDerivatesPayableInUSDollarsMember" xlink:title="ExchangeRateDerivatesPayableInUSDollarsMember" />
    <link:label xlink:type="resource" xlink:label="label_ExchangeRateDerivatesPayableInUSDollarsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ExchangeRateDerivatesPayableInUSDollarsMember" xml:lang="en-US" id="label_ExchangeRateDerivatesPayableInUSDollarsMember">This member stands for the information pertaining to exchange rate derivates payable in US Dollars.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExchangeRateDerivatesPayableInUSDollarsMember" xlink:to="label_ExchangeRateDerivatesPayableInUSDollarsMember" xlink:title="Label : ExchangeRateDerivatesPayableInUSDollarsMember to label_ExchangeRateDerivatesPayableInUSDollarsMember" />
    <link:label xlink:type="resource" xlink:label="label_ExchangeRateDerivatesPayableInUSDollarsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExchangeRateDerivatesPayableInUSDollarsMember_1" xml:lang="en-US" id="label_ExchangeRateDerivatesPayableInUSDollarsMember_1">Exchange rate derivates payable in U.S. dollars [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExchangeRateDerivatesPayableInUSDollarsMember" xlink:to="label_ExchangeRateDerivatesPayableInUSDollarsMember_1" xlink:title="Label : ExchangeRateDerivatesPayableInUSDollarsMember to label_ExchangeRateDerivatesPayableInUSDollarsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ExchangeRateDerivatesPayableInUSDollarsMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExchangeRateDerivatesPayableInUSDollarsMember_2" xml:lang="en-US" id="label_ExchangeRateDerivatesPayableInUSDollarsMember_2">Exchange Rate Derivates Payable In U S Dollars [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExchangeRateDerivatesPayableInUSDollarsMember" xlink:to="label_ExchangeRateDerivatesPayableInUSDollarsMember_2" xlink:title="Label : ExchangeRateDerivatesPayableInUSDollarsMember to label_ExchangeRateDerivatesPayableInUSDollarsMember_2" />
    <link:label xlink:type="resource" xlink:label="label_ExchangeRateSwapReceivableInUSDollarsAndCommoditiesMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExchangeRateSwapReceivableInUSDollarsAndCommoditiesMember_1" xml:lang="en-US" id="label_ExchangeRateSwapReceivableInUSDollarsAndCommoditiesMember_1">Currency swaps receivable in U.S. dollars and commodities [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExchangeRateSwapReceivableInUSDollarsAndCommoditiesMember" xlink:to="label_ExchangeRateSwapReceivableInUSDollarsAndCommoditiesMember_1" xlink:title="Label : ExchangeRateSwapReceivableInUSDollarsAndCommoditiesMember to label_ExchangeRateSwapReceivableInUSDollarsAndCommoditiesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ExchangeRateSwapReceivableInUSDollarsAndCommoditiesMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExchangeRateSwapReceivableInUSDollarsAndCommoditiesMember_2" xml:lang="en-US" id="label_ExchangeRateSwapReceivableInUSDollarsAndCommoditiesMember_2">Exchange Rate Swap Receivable in U S Dollars and Commodities [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExchangeRateSwapReceivableInUSDollarsAndCommoditiesMember" xlink:to="label_ExchangeRateSwapReceivableInUSDollarsAndCommoditiesMember_2" xlink:title="Label : ExchangeRateSwapReceivableInUSDollarsAndCommoditiesMember to label_ExchangeRateSwapReceivableInUSDollarsAndCommoditiesMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_HedgingInstrumentRatesDomain" xlink:label="HedgingInstrumentRatesDomain" xlink:title="HedgingInstrumentRatesDomain" />
    <link:label xlink:type="resource" xlink:label="label_HedgingInstrumentRatesDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_HedgingInstrumentRatesDomain" xml:lang="en-US" id="label_HedgingInstrumentRatesDomain">Hedging instrument rates [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HedgingInstrumentRatesDomain" xlink:to="label_HedgingInstrumentRatesDomain" xlink:title="Label : HedgingInstrumentRatesDomain to label_HedgingInstrumentRatesDomain" />
    <link:label xlink:type="resource" xlink:label="label_HedgingInstrumentRatesDomain_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HedgingInstrumentRatesDomain_1" xml:lang="en-US" id="label_HedgingInstrumentRatesDomain_1">Hedging instrument rates [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HedgingInstrumentRatesDomain" xlink:to="label_HedgingInstrumentRatesDomain_1" xlink:title="Label : HedgingInstrumentRatesDomain to label_HedgingInstrumentRatesDomain_1" />
    <link:label xlink:type="resource" xlink:label="label_HedgingInstrumentRatesDomain_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HedgingInstrumentRatesDomain_2" xml:lang="en-US" id="label_HedgingInstrumentRatesDomain_2">Hedging instrument rates [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HedgingInstrumentRatesDomain" xlink:to="label_HedgingInstrumentRatesDomain_2" xlink:title="Label : HedgingInstrumentRatesDomain to label_HedgingInstrumentRatesDomain_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfBreakdownOfAllowanceForExpectedCreditLossesOnDoubtfulAccountsExplanatoryTextBlock" xlink:label="DisclosureOfBreakdownOfAllowanceForExpectedCreditLossesOnDoubtfulAccountsExplanatoryTextBlock" xlink:title="DisclosureOfBreakdownOfAllowanceForExpectedCreditLossesOnDoubtfulAccountsExplanatoryTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfBreakdownOfAllowanceForExpectedCreditLossesOnDoubtfulAccountsExplanatoryTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfBreakdownOfAllowanceForExpectedCreditLossesOnDoubtfulAccountsExplanatoryTextBlock" xml:lang="en-US" id="label_DisclosureOfBreakdownOfAllowanceForExpectedCreditLossesOnDoubtfulAccountsExplanatoryTextBlock">Breakdown of the allowance for expected credit losses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfBreakdownOfAllowanceForExpectedCreditLossesOnDoubtfulAccountsExplanatoryTextBlock" xlink:to="label_DisclosureOfBreakdownOfAllowanceForExpectedCreditLossesOnDoubtfulAccountsExplanatoryTextBlock" xlink:title="Label : DisclosureOfBreakdownOfAllowanceForExpectedCreditLossesOnDoubtfulAccountsExplanatoryTextBlock to label_DisclosureOfBreakdownOfAllowanceForExpectedCreditLossesOnDoubtfulAccountsExplanatoryTextBlock" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_HedgingInstrumentRatesAxis" xlink:label="HedgingInstrumentRatesAxis" xlink:title="HedgingInstrumentRatesAxis" />
    <link:label xlink:type="resource" xlink:label="label_HedgingInstrumentRatesAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_HedgingInstrumentRatesAxis" xml:lang="en-US" id="label_HedgingInstrumentRatesAxis">Hedging instrument rates [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HedgingInstrumentRatesAxis" xlink:to="label_HedgingInstrumentRatesAxis" xlink:title="Label : HedgingInstrumentRatesAxis to label_HedgingInstrumentRatesAxis" />
    <link:label xlink:type="resource" xlink:label="label_HedgingInstrumentRatesAxis_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HedgingInstrumentRatesAxis_1" xml:lang="en-US" id="label_HedgingInstrumentRatesAxis_1">Hedging instrument rates [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HedgingInstrumentRatesAxis" xlink:to="label_HedgingInstrumentRatesAxis_1" xlink:title="Label : HedgingInstrumentRatesAxis to label_HedgingInstrumentRatesAxis_1" />
    <link:label xlink:type="resource" xlink:label="label_HedgingInstrumentRatesAxis_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HedgingInstrumentRatesAxis_2" xml:lang="en-US" id="label_HedgingInstrumentRatesAxis_2">Hedging instrument rates [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HedgingInstrumentRatesAxis" xlink:to="label_HedgingInstrumentRatesAxis_2" xlink:title="Label : HedgingInstrumentRatesAxis to label_HedgingInstrumentRatesAxis_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_HedgingInstrumentEquityMember" xlink:label="HedgingInstrumentEquityMember" xlink:title="HedgingInstrumentEquityMember" />
    <link:label xlink:type="resource" xlink:label="label_HedgingInstrumentEquityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HedgingInstrumentEquityMember" xml:lang="en-US" id="label_HedgingInstrumentEquityMember">Hedging instrument equity [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HedgingInstrumentEquityMember" xlink:to="label_HedgingInstrumentEquityMember" xlink:title="Label : HedgingInstrumentEquityMember to label_HedgingInstrumentEquityMember" />
    <link:label xlink:type="resource" xlink:label="label_HedgingInstrumentEquityMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HedgingInstrumentEquityMember_1" xml:lang="en-US" id="label_HedgingInstrumentEquityMember_1">Equity [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HedgingInstrumentEquityMember" xlink:to="label_HedgingInstrumentEquityMember_1" xlink:title="Label : HedgingInstrumentEquityMember to label_HedgingInstrumentEquityMember_1" />
    <link:label xlink:type="resource" xlink:label="label_HedgingInstrumentEquityMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_HedgingInstrumentEquityMember_2" xml:lang="en-US" id="label_HedgingInstrumentEquityMember_2">This member stands for the information pertaining to hedging instrument equity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HedgingInstrumentEquityMember" xlink:to="label_HedgingInstrumentEquityMember_2" xlink:title="Label : HedgingInstrumentEquityMember to label_HedgingInstrumentEquityMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ProfitOrLossMember" xlink:label="ProfitOrLossMember" xlink:title="ProfitOrLossMember" />
    <link:label xlink:type="resource" xlink:label="label_ProfitOrLossMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitOrLossMember" xml:lang="en-US" id="label_ProfitOrLossMember">Profit or loss [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitOrLossMember" xlink:to="label_ProfitOrLossMember" xlink:title="Label : ProfitOrLossMember to label_ProfitOrLossMember" />
    <link:label xlink:type="resource" xlink:label="label_ProfitOrLossMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitOrLossMember_1" xml:lang="en-US" id="label_ProfitOrLossMember_1">Profit or loss [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitOrLossMember" xlink:to="label_ProfitOrLossMember_1" xlink:title="Label : ProfitOrLossMember to label_ProfitOrLossMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ProfitOrLossMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProfitOrLossMember_2" xml:lang="en-US" id="label_ProfitOrLossMember_2">This member stands for the information pertaining to profit or loss.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitOrLossMember" xlink:to="label_ProfitOrLossMember_2" xlink:title="Label : ProfitOrLossMember to label_ProfitOrLossMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IPCARate" xlink:label="IPCARate" xlink:title="IPCARate" />
    <link:label xlink:type="resource" xlink:label="label_IPCARate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IPCARate" xml:lang="en-US" id="label_IPCARate">The percentage of IPCA rate used to calculate interest payment of loans payable.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IPCARate" xlink:to="label_IPCARate" xlink:title="Label : IPCARate to label_IPCARate" />
    <link:label xlink:type="resource" xlink:label="label_IPCARate_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IPCARate_1" xml:lang="en-US" id="label_IPCARate_1">IPCA rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IPCARate" xlink:to="label_IPCARate_1" xlink:title="Label : IPCARate to label_IPCARate_1" />
    <link:label xlink:type="resource" xlink:label="label_IPCARate_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IPCARate_2" xml:lang="en-US" id="label_IPCARate_2">I P C A Rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IPCARate" xlink:to="label_IPCARate_2" xlink:title="Label : IPCARate to label_IPCARate_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TJLPRate" xlink:label="TJLPRate" xlink:title="TJLPRate" />
    <link:label xlink:type="resource" xlink:label="label_TJLPRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TJLPRate" xml:lang="en-US" id="label_TJLPRate">The percentage of TJLP rate used to calculate interest payment of loans payable.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TJLPRate" xlink:to="label_TJLPRate" xlink:title="Label : TJLPRate to label_TJLPRate" />
    <link:label xlink:type="resource" xlink:label="label_TJLPRate_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TJLPRate_1" xml:lang="en-US" id="label_TJLPRate_1">TJLP rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TJLPRate" xlink:to="label_TJLPRate_1" xlink:title="Label : TJLPRate to label_TJLPRate_1" />
    <link:label xlink:type="resource" xlink:label="label_TJLPRate_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TJLPRate_2" xml:lang="en-US" id="label_TJLPRate_2">T J L P rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TJLPRate" xlink:to="label_TJLPRate_2" xlink:title="Label : TJLPRate to label_TJLPRate_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DiRate" xlink:label="DiRate" xlink:title="DiRate" />
    <link:label xlink:type="resource" xlink:label="label_DiRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DiRate" xml:lang="en-US" id="label_DiRate">DI rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiRate" xlink:to="label_DiRate" xlink:title="Label : DiRate to label_DiRate" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfBreakdownOfAllowanceForExpectedCreditLossesOnDoubtfulAccountsExplanatoryTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfBreakdownOfAllowanceForExpectedCreditLossesOnDoubtfulAccountsExplanatoryTextBlock_1" xml:lang="en-US" id="label_DisclosureOfBreakdownOfAllowanceForExpectedCreditLossesOnDoubtfulAccountsExplanatoryTextBlock_1">Tabular disclosure of breakdown of allowance for expected credit losses on doubtful accounts.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfBreakdownOfAllowanceForExpectedCreditLossesOnDoubtfulAccountsExplanatoryTextBlock" xlink:to="label_DisclosureOfBreakdownOfAllowanceForExpectedCreditLossesOnDoubtfulAccountsExplanatoryTextBlock_1" xlink:title="Label : DisclosureOfBreakdownOfAllowanceForExpectedCreditLossesOnDoubtfulAccountsExplanatoryTextBlock to label_DisclosureOfBreakdownOfAllowanceForExpectedCreditLossesOnDoubtfulAccountsExplanatoryTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfBreakdownOfAllowanceForExpectedCreditLossesOnDoubtfulAccountsExplanatoryTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfBreakdownOfAllowanceForExpectedCreditLossesOnDoubtfulAccountsExplanatoryTextBlock_2" xml:lang="en-US" id="label_DisclosureOfBreakdownOfAllowanceForExpectedCreditLossesOnDoubtfulAccountsExplanatoryTextBlock_2">Disclosure Of Breakdown Of Allowance For Expected Credit Losses On Doubtful Accounts Explanatory [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfBreakdownOfAllowanceForExpectedCreditLossesOnDoubtfulAccountsExplanatoryTextBlock" xlink:to="label_DisclosureOfBreakdownOfAllowanceForExpectedCreditLossesOnDoubtfulAccountsExplanatoryTextBlock_2" xlink:title="Label : DisclosureOfBreakdownOfAllowanceForExpectedCreditLossesOnDoubtfulAccountsExplanatoryTextBlock to label_DisclosureOfBreakdownOfAllowanceForExpectedCreditLossesOnDoubtfulAccountsExplanatoryTextBlock_2" />
    <link:label xlink:type="resource" xlink:label="label_DiRate_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DiRate_1" xml:lang="en-US" id="label_DiRate_1">DI rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiRate" xlink:to="label_DiRate_1" xlink:title="Label : DiRate to label_DiRate_1" />
    <link:label xlink:type="resource" xlink:label="label_DiRate_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DiRate_2" xml:lang="en-US" id="label_DiRate_2">The percentage of DI rate used to calculate interest payment of loans payable.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiRate" xlink:to="label_DiRate_2" xlink:title="Label : DiRate to label_DiRate_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TwentyTwentyFiveMember" xlink:label="TwentyTwentyFiveMember" xlink:title="TwentyTwentyFiveMember" />
    <link:label xlink:type="resource" xlink:label="label_TwentyTwentyFiveMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TwentyTwentyFiveMember" xml:lang="en-US" id="label_TwentyTwentyFiveMember">Twenty Twenty Five [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwentyTwentyFiveMember" xlink:to="label_TwentyTwentyFiveMember" xlink:title="Label : TwentyTwentyFiveMember to label_TwentyTwentyFiveMember" />
    <link:label xlink:type="resource" xlink:label="label_TwentyTwentyFiveMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TwentyTwentyFiveMember_1" xml:lang="en-US" id="label_TwentyTwentyFiveMember_1">2025 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwentyTwentyFiveMember" xlink:to="label_TwentyTwentyFiveMember_1" xlink:title="Label : TwentyTwentyFiveMember to label_TwentyTwentyFiveMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TwentyTwentyFiveMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TwentyTwentyFiveMember_2" xml:lang="en-US" id="label_TwentyTwentyFiveMember_2">This member stands for the information pertaining to fiscal year 2025.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwentyTwentyFiveMember" xlink:to="label_TwentyTwentyFiveMember_2" xlink:title="Label : TwentyTwentyFiveMember to label_TwentyTwentyFiveMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TwentyTwentyFourMember" xlink:label="TwentyTwentyFourMember" xlink:title="TwentyTwentyFourMember" />
    <link:label xlink:type="resource" xlink:label="label_TwentyTwentyFourMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TwentyTwentyFourMember" xml:lang="en-US" id="label_TwentyTwentyFourMember">Twenty Twenty Four [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwentyTwentyFourMember" xlink:to="label_TwentyTwentyFourMember" xlink:title="Label : TwentyTwentyFourMember to label_TwentyTwentyFourMember" />
    <link:label xlink:type="resource" xlink:label="label_TwentyTwentyFourMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TwentyTwentyFourMember_1" xml:lang="en-US" id="label_TwentyTwentyFourMember_1">2024 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwentyTwentyFourMember" xlink:to="label_TwentyTwentyFourMember_1" xlink:title="Label : TwentyTwentyFourMember to label_TwentyTwentyFourMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TwentyTwentyFourMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TwentyTwentyFourMember_2" xml:lang="en-US" id="label_TwentyTwentyFourMember_2">This member stands for the information pertaining to fiscal year 2024.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwentyTwentyFourMember" xlink:to="label_TwentyTwentyFourMember_2" xlink:title="Label : TwentyTwentyFourMember to label_TwentyTwentyFourMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TwentyTwentyThreeMember" xlink:label="TwentyTwentyThreeMember" xlink:title="TwentyTwentyThreeMember" />
    <link:label xlink:type="resource" xlink:label="label_TwentyTwentyThreeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TwentyTwentyThreeMember" xml:lang="en-US" id="label_TwentyTwentyThreeMember">Twenty Twenty Three [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwentyTwentyThreeMember" xlink:to="label_TwentyTwentyThreeMember" xlink:title="Label : TwentyTwentyThreeMember to label_TwentyTwentyThreeMember" />
    <link:label xlink:type="resource" xlink:label="label_TwentyTwentyThreeMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TwentyTwentyThreeMember_1" xml:lang="en-US" id="label_TwentyTwentyThreeMember_1">2023 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwentyTwentyThreeMember" xlink:to="label_TwentyTwentyThreeMember_1" xlink:title="Label : TwentyTwentyThreeMember to label_TwentyTwentyThreeMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TwentyTwentyThreeMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TwentyTwentyThreeMember_2" xml:lang="en-US" id="label_TwentyTwentyThreeMember_2">This member stands for the information pertaining to fiscal year 2023.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwentyTwentyThreeMember" xlink:to="label_TwentyTwentyThreeMember_2" xlink:title="Label : TwentyTwentyThreeMember to label_TwentyTwentyThreeMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TwentyTwentyTwoMember" xlink:label="TwentyTwentyTwoMember" xlink:title="TwentyTwentyTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_TwentyTwentyTwoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TwentyTwentyTwoMember" xml:lang="en-US" id="label_TwentyTwentyTwoMember">Twenty Twenty Two [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwentyTwentyTwoMember" xlink:to="label_TwentyTwentyTwoMember" xlink:title="Label : TwentyTwentyTwoMember to label_TwentyTwentyTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_TwentyTwentyTwoMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TwentyTwentyTwoMember_1" xml:lang="en-US" id="label_TwentyTwentyTwoMember_1">2022 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwentyTwentyTwoMember" xlink:to="label_TwentyTwentyTwoMember_1" xlink:title="Label : TwentyTwentyTwoMember to label_TwentyTwentyTwoMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TwentyTwentyTwoMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TwentyTwentyTwoMember_2" xml:lang="en-US" id="label_TwentyTwentyTwoMember_2">This member stands for the information pertaining to fiscal year 2022.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwentyTwentyTwoMember" xlink:to="label_TwentyTwentyTwoMember_2" xlink:title="Label : TwentyTwentyTwoMember to label_TwentyTwentyTwoMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TwentyTwentyOneMember" xlink:label="TwentyTwentyOneMember" xlink:title="TwentyTwentyOneMember" />
    <link:label xlink:type="resource" xlink:label="label_TwentyTwentyOneMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TwentyTwentyOneMember" xml:lang="en-US" id="label_TwentyTwentyOneMember">Twenty Twenty One [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwentyTwentyOneMember" xlink:to="label_TwentyTwentyOneMember" xlink:title="Label : TwentyTwentyOneMember to label_TwentyTwentyOneMember" />
    <link:label xlink:type="resource" xlink:label="label_TwentyTwentyOneMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TwentyTwentyOneMember_1" xml:lang="en-US" id="label_TwentyTwentyOneMember_1">2021 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwentyTwentyOneMember" xlink:to="label_TwentyTwentyOneMember_1" xlink:title="Label : TwentyTwentyOneMember to label_TwentyTwentyOneMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TwentyTwentyOneMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TwentyTwentyOneMember_2" xml:lang="en-US" id="label_TwentyTwentyOneMember_2">This member stands for the information pertaining to fiscal year 2021.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwentyTwentyOneMember" xlink:to="label_TwentyTwentyOneMember_2" xlink:title="Label : TwentyTwentyOneMember to label_TwentyTwentyOneMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_GuaranteeLiabilities" xlink:label="GuaranteeLiabilities" xlink:title="GuaranteeLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_GuaranteeLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GuaranteeLiabilities" xml:lang="en-US" id="label_GuaranteeLiabilities">Guarantee liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GuaranteeLiabilities" xlink:to="label_GuaranteeLiabilities" xlink:title="Label : GuaranteeLiabilities to label_GuaranteeLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_GuaranteeLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_GuaranteeLiabilities_1" xml:lang="en-US" id="label_GuaranteeLiabilities_1">Fair value of collaterals</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GuaranteeLiabilities" xlink:to="label_GuaranteeLiabilities_1" xlink:title="Label : GuaranteeLiabilities to label_GuaranteeLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_GuaranteeLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GuaranteeLiabilities_2" xml:lang="en-US" id="label_GuaranteeLiabilities_2">The amount of guarantee liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GuaranteeLiabilities" xlink:to="label_GuaranteeLiabilities_2" xlink:title="Label : GuaranteeLiabilities to label_GuaranteeLiabilities_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CollateralFuturePaymentsMaturityPeriod" xlink:label="CollateralFuturePaymentsMaturityPeriod" xlink:title="CollateralFuturePaymentsMaturityPeriod" />
    <link:label xlink:type="resource" xlink:label="label_CollateralFuturePaymentsMaturityPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CollateralFuturePaymentsMaturityPeriod" xml:lang="en-US" id="label_CollateralFuturePaymentsMaturityPeriod">Collateral Future Payments Maturity Period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CollateralFuturePaymentsMaturityPeriod" xlink:to="label_CollateralFuturePaymentsMaturityPeriod" xlink:title="Label : CollateralFuturePaymentsMaturityPeriod to label_CollateralFuturePaymentsMaturityPeriod" />
    <link:label xlink:type="resource" xlink:label="label_CollateralFuturePaymentsMaturityPeriod_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CollateralFuturePaymentsMaturityPeriod_1" xml:lang="en-US" id="label_CollateralFuturePaymentsMaturityPeriod_1">Maturities of up to</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CollateralFuturePaymentsMaturityPeriod" xlink:to="label_CollateralFuturePaymentsMaturityPeriod_1" xlink:title="Label : CollateralFuturePaymentsMaturityPeriod to label_CollateralFuturePaymentsMaturityPeriod_1" />
    <link:label xlink:type="resource" xlink:label="label_CollateralFuturePaymentsMaturityPeriod_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CollateralFuturePaymentsMaturityPeriod_2" xml:lang="en-US" id="label_CollateralFuturePaymentsMaturityPeriod_2">The maturity period of future payments on collaterals.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CollateralFuturePaymentsMaturityPeriod" xlink:to="label_CollateralFuturePaymentsMaturityPeriod_2" xlink:title="Label : CollateralFuturePaymentsMaturityPeriod to label_CollateralFuturePaymentsMaturityPeriod_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherLongtermProvisions" xlink:label="OtherLongtermProvisions" xlink:title="OtherLongtermProvisions" />
    <link:label xlink:type="resource" xlink:label="label_OtherLongtermProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherLongtermProvisions" xml:lang="en-US" id="label_OtherLongtermProvisions">Non-current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherLongtermProvisions" xlink:to="label_OtherLongtermProvisions" xlink:title="Label : OtherLongtermProvisions to label_OtherLongtermProvisions" />
    <link:label xlink:type="resource" xlink:label="label_OtherLongtermProvisions_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherLongtermProvisions_1" xml:lang="en-US" id="label_OtherLongtermProvisions_1">Other non-current provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherLongtermProvisions" xlink:to="label_OtherLongtermProvisions_1" xlink:title="Label : OtherLongtermProvisions to label_OtherLongtermProvisions_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherShorttermProvisions" xlink:label="OtherShorttermProvisions" xlink:title="OtherShorttermProvisions" />
    <link:label xlink:type="resource" xlink:label="label_OtherShorttermProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherShorttermProvisions" xml:lang="en-US" id="label_OtherShorttermProvisions">Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherShorttermProvisions" xlink:to="label_OtherShorttermProvisions" xlink:title="Label : OtherShorttermProvisions to label_OtherShorttermProvisions" />
    <link:label xlink:type="resource" xlink:label="label_OtherShorttermProvisions_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherShorttermProvisions_1" xml:lang="en-US" id="label_OtherShorttermProvisions_1">Other current provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherShorttermProvisions" xlink:to="label_OtherShorttermProvisions_1" xlink:title="Label : OtherShorttermProvisions to label_OtherShorttermProvisions_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ProvisionForAssetRetirementObligationMember" xlink:label="ProvisionForAssetRetirementObligationMember" xlink:title="ProvisionForAssetRetirementObligationMember" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForAssetRetirementObligationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProvisionForAssetRetirementObligationMember" xml:lang="en-US" id="label_ProvisionForAssetRetirementObligationMember">This member stands for the information pertaining to provision for asset retirement obligation.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForAssetRetirementObligationMember" xlink:to="label_ProvisionForAssetRetirementObligationMember" xlink:title="Label : ProvisionForAssetRetirementObligationMember to label_ProvisionForAssetRetirementObligationMember" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForAssetRetirementObligationMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProvisionForAssetRetirementObligationMember_1" xml:lang="en-US" id="label_ProvisionForAssetRetirementObligationMember_1">Asset Retirement Obligation [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForAssetRetirementObligationMember" xlink:to="label_ProvisionForAssetRetirementObligationMember_1" xlink:title="Label : ProvisionForAssetRetirementObligationMember to label_ProvisionForAssetRetirementObligationMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForAssetRetirementObligationMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProvisionForAssetRetirementObligationMember_2" xml:lang="en-US" id="label_ProvisionForAssetRetirementObligationMember_2">Provision for Asset Retirement Obligation [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForAssetRetirementObligationMember" xlink:to="label_ProvisionForAssetRetirementObligationMember_2" xlink:title="Label : ProvisionForAssetRetirementObligationMember to label_ProvisionForAssetRetirementObligationMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfShareholdersExercisedPreemptiveRight" xlink:label="NumberOfShareholdersExercisedPreemptiveRight" xlink:title="NumberOfShareholdersExercisedPreemptiveRight" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfShareholdersExercisedPreemptiveRight" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfShareholdersExercisedPreemptiveRight" xml:lang="en-US" id="label_NumberOfShareholdersExercisedPreemptiveRight">Number of shareholders exercised preemptive right</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfShareholdersExercisedPreemptiveRight" xlink:to="label_NumberOfShareholdersExercisedPreemptiveRight" xlink:title="Label : NumberOfShareholdersExercisedPreemptiveRight to label_NumberOfShareholdersExercisedPreemptiveRight" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfShareholdersExercisedPreemptiveRight_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfShareholdersExercisedPreemptiveRight_1" xml:lang="en-US" id="label_NumberOfShareholdersExercisedPreemptiveRight_1">The number of shareholders exercised preemptive right during period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfShareholdersExercisedPreemptiveRight" xlink:to="label_NumberOfShareholdersExercisedPreemptiveRight_1" xlink:title="Label : NumberOfShareholdersExercisedPreemptiveRight to label_NumberOfShareholdersExercisedPreemptiveRight_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfShareholdersExercisedPreemptiveRight_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfShareholdersExercisedPreemptiveRight_2" xml:lang="en-US" id="label_NumberOfShareholdersExercisedPreemptiveRight_2">Number of shareholders exercised preemptive right</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfShareholdersExercisedPreemptiveRight" xlink:to="label_NumberOfShareholdersExercisedPreemptiveRight_2" xlink:title="Label : NumberOfShareholdersExercisedPreemptiveRight to label_NumberOfShareholdersExercisedPreemptiveRight_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ExercisePeriodOfPreemptiveRight" xlink:label="ExercisePeriodOfPreemptiveRight" xlink:title="ExercisePeriodOfPreemptiveRight" />
    <link:label xlink:type="resource" xlink:label="label_ExercisePeriodOfPreemptiveRight" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExercisePeriodOfPreemptiveRight" xml:lang="en-US" id="label_ExercisePeriodOfPreemptiveRight">Exercise period of preemptive right</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExercisePeriodOfPreemptiveRight" xlink:to="label_ExercisePeriodOfPreemptiveRight" xlink:title="Label : ExercisePeriodOfPreemptiveRight to label_ExercisePeriodOfPreemptiveRight" />
    <link:label xlink:type="resource" xlink:label="label_ExercisePeriodOfPreemptiveRight_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ExercisePeriodOfPreemptiveRight_1" xml:lang="en-US" id="label_ExercisePeriodOfPreemptiveRight_1">The exercise period of preemptive right to shareholders of the reporting entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExercisePeriodOfPreemptiveRight" xlink:to="label_ExercisePeriodOfPreemptiveRight_1" xlink:title="Label : ExercisePeriodOfPreemptiveRight to label_ExercisePeriodOfPreemptiveRight_1" />
    <link:label xlink:type="resource" xlink:label="label_ExercisePeriodOfPreemptiveRight_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExercisePeriodOfPreemptiveRight_2" xml:lang="en-US" id="label_ExercisePeriodOfPreemptiveRight_2">Exercise period of preemptive right</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExercisePeriodOfPreemptiveRight" xlink:to="label_ExercisePeriodOfPreemptiveRight_2" xlink:title="Label : ExercisePeriodOfPreemptiveRight to label_ExercisePeriodOfPreemptiveRight_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DescriptionOfBorrowingsReprice" xlink:label="DescriptionOfBorrowingsReprice" xlink:title="DescriptionOfBorrowingsReprice" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfBorrowingsReprice" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DescriptionOfBorrowingsReprice" xml:lang="en-US" id="label_DescriptionOfBorrowingsReprice">The description of reprice of borrowings.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfBorrowingsReprice" xlink:to="label_DescriptionOfBorrowingsReprice" xlink:title="Label : DescriptionOfBorrowingsReprice to label_DescriptionOfBorrowingsReprice" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfBorrowingsReprice_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfBorrowingsReprice_1" xml:lang="en-US" id="label_DescriptionOfBorrowingsReprice_1">Reprice</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfBorrowingsReprice" xlink:to="label_DescriptionOfBorrowingsReprice_1" xlink:title="Label : DescriptionOfBorrowingsReprice to label_DescriptionOfBorrowingsReprice_1" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfBorrowingsReprice_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfBorrowingsReprice_2" xml:lang="en-US" id="label_DescriptionOfBorrowingsReprice_2">Description of Borrowings Reprice</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfBorrowingsReprice" xlink:to="label_DescriptionOfBorrowingsReprice_2" xlink:title="Label : DescriptionOfBorrowingsReprice to label_DescriptionOfBorrowingsReprice_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DescriptionOfPaymentOfInterestOfBorrowings" xlink:label="DescriptionOfPaymentOfInterestOfBorrowings" xlink:title="DescriptionOfPaymentOfInterestOfBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfPaymentOfInterestOfBorrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfPaymentOfInterestOfBorrowings" xml:lang="en-US" id="label_DescriptionOfPaymentOfInterestOfBorrowings">Payment of interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfPaymentOfInterestOfBorrowings" xlink:to="label_DescriptionOfPaymentOfInterestOfBorrowings" xlink:title="Label : DescriptionOfPaymentOfInterestOfBorrowings to label_DescriptionOfPaymentOfInterestOfBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfPaymentOfInterestOfBorrowings_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfPaymentOfInterestOfBorrowings_1" xml:lang="en-US" id="label_DescriptionOfPaymentOfInterestOfBorrowings_1">Description of Payment of Interest of Borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfPaymentOfInterestOfBorrowings" xlink:to="label_DescriptionOfPaymentOfInterestOfBorrowings_1" xlink:title="Label : DescriptionOfPaymentOfInterestOfBorrowings to label_DescriptionOfPaymentOfInterestOfBorrowings_1" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfPaymentOfInterestOfBorrowings_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DescriptionOfPaymentOfInterestOfBorrowings_2" xml:lang="en-US" id="label_DescriptionOfPaymentOfInterestOfBorrowings_2">The description of payment of interest of borrowings.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfPaymentOfInterestOfBorrowings" xlink:to="label_DescriptionOfPaymentOfInterestOfBorrowings_2" xlink:title="Label : DescriptionOfPaymentOfInterestOfBorrowings to label_DescriptionOfPaymentOfInterestOfBorrowings_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DescriptionOfPaymentOfFaceValueOfBorrowings" xlink:label="DescriptionOfPaymentOfFaceValueOfBorrowings" xlink:title="DescriptionOfPaymentOfFaceValueOfBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfPaymentOfFaceValueOfBorrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfPaymentOfFaceValueOfBorrowings" xml:lang="en-US" id="label_DescriptionOfPaymentOfFaceValueOfBorrowings">Payment of the face value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfPaymentOfFaceValueOfBorrowings" xlink:to="label_DescriptionOfPaymentOfFaceValueOfBorrowings" xlink:title="Label : DescriptionOfPaymentOfFaceValueOfBorrowings to label_DescriptionOfPaymentOfFaceValueOfBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfPaymentOfFaceValueOfBorrowings_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DescriptionOfPaymentOfFaceValueOfBorrowings_1" xml:lang="en-US" id="label_DescriptionOfPaymentOfFaceValueOfBorrowings_1">The description of payment of the face value of borrowings.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfPaymentOfFaceValueOfBorrowings" xlink:to="label_DescriptionOfPaymentOfFaceValueOfBorrowings_1" xlink:title="Label : DescriptionOfPaymentOfFaceValueOfBorrowings to label_DescriptionOfPaymentOfFaceValueOfBorrowings_1" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfPaymentOfFaceValueOfBorrowings_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfPaymentOfFaceValueOfBorrowings_2" xml:lang="en-US" id="label_DescriptionOfPaymentOfFaceValueOfBorrowings_2">Description of Payment of Face Value of Borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfPaymentOfFaceValueOfBorrowings" xlink:to="label_DescriptionOfPaymentOfFaceValueOfBorrowings_2" xlink:title="Label : DescriptionOfPaymentOfFaceValueOfBorrowings to label_DescriptionOfPaymentOfFaceValueOfBorrowings_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfDebtInstrumentsIssued" xlink:label="NumberOfDebtInstrumentsIssued" xlink:title="NumberOfDebtInstrumentsIssued" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfDebtInstrumentsIssued" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfDebtInstrumentsIssued" xml:lang="en-US" id="label_NumberOfDebtInstrumentsIssued">Number of debt instruments issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfDebtInstrumentsIssued" xlink:to="label_NumberOfDebtInstrumentsIssued" xlink:title="Label : NumberOfDebtInstrumentsIssued to label_NumberOfDebtInstrumentsIssued" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfDebtInstrumentsIssued_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfDebtInstrumentsIssued_1" xml:lang="en-US" id="label_NumberOfDebtInstrumentsIssued_1">The number of debt instruments issued in public market during period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfDebtInstrumentsIssued" xlink:to="label_NumberOfDebtInstrumentsIssued_1" xlink:title="Label : NumberOfDebtInstrumentsIssued to label_NumberOfDebtInstrumentsIssued_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfDebtInstrumentsIssued_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfDebtInstrumentsIssued_2" xml:lang="en-US" id="label_NumberOfDebtInstrumentsIssued_2">Number of Debt Instruments Issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfDebtInstrumentsIssued" xlink:to="label_NumberOfDebtInstrumentsIssued_2" xlink:title="Label : NumberOfDebtInstrumentsIssued to label_NumberOfDebtInstrumentsIssued_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BorrowingCostsCapitalised" xlink:label="BorrowingCostsCapitalised" xlink:title="BorrowingCostsCapitalised" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingCostsCapitalised" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BorrowingCostsCapitalised" xml:lang="en-US" id="label_BorrowingCostsCapitalised">Capitalized borrowing costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingCostsCapitalised" xlink:to="label_BorrowingCostsCapitalised" xlink:title="Label : BorrowingCostsCapitalised to label_BorrowingCostsCapitalised" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingCostsCapitalised_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingCostsCapitalised_1" xml:lang="en-US" id="label_BorrowingCostsCapitalised_1">Borrowing costs capitalised</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingCostsCapitalised" xlink:to="label_BorrowingCostsCapitalised_1" xlink:title="Label : BorrowingCostsCapitalised to label_BorrowingCostsCapitalised_1" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingCostsCapitalised_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_BorrowingCostsCapitalised_2" xml:lang="en-US" id="label_BorrowingCostsCapitalised_2">Capitalized borrowing costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingCostsCapitalised" xlink:to="label_BorrowingCostsCapitalised_2" xlink:title="Label : BorrowingCostsCapitalised to label_BorrowingCostsCapitalised_2" />
    <link:label xlink:type="resource" xlink:label="label_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets_1" xml:lang="en-US" id="label_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets_1">The amount of additions in property plant and equipment and intangible assets.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionsPropertyPlantAndEquipmentAndIntangibleAssets" xlink:to="label_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets_1" xlink:title="Label : AdditionsPropertyPlantAndEquipmentAndIntangibleAssets to label_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets_2" xml:lang="en-US" id="label_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets_2">Total additions to PP&amp;E and intangible assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionsPropertyPlantAndEquipmentAndIntangibleAssets" xlink:to="label_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets_2" xlink:title="Label : AdditionsPropertyPlantAndEquipmentAndIntangibleAssets to label_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets_2" />
    <link:label xlink:type="resource" xlink:label="label_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets_3" xml:lang="en-US" id="label_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets_3">Additions property plant and equipment and intangible assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionsPropertyPlantAndEquipmentAndIntangibleAssets" xlink:to="label_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets_3" xlink:title="Label : AdditionsPropertyPlantAndEquipmentAndIntangibleAssets to label_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TaxLossCarryforwards" xlink:label="TaxLossCarryforwards" xlink:title="TaxLossCarryforwards" />
    <link:label xlink:type="resource" xlink:label="label_TaxLossCarryforwards" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TaxLossCarryforwards" xml:lang="en-US" id="label_TaxLossCarryforwards">The amount of unrecognized deferred tax assets attributable to income tax, subject to local compensation rules.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxLossCarryforwards" xlink:to="label_TaxLossCarryforwards" xlink:title="Label : TaxLossCarryforwards to label_TaxLossCarryforwards" />
    <link:label xlink:type="resource" xlink:label="label_TaxLossCarryforwards_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TaxLossCarryforwards_1" xml:lang="en-US" id="label_TaxLossCarryforwards_1">Tax loss carryforwards related to income tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxLossCarryforwards" xlink:to="label_TaxLossCarryforwards_1" xlink:title="Label : TaxLossCarryforwards to label_TaxLossCarryforwards_1" />
    <link:label xlink:type="resource" xlink:label="label_TaxLossCarryforwards_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaxLossCarryforwards_2" xml:lang="en-US" id="label_TaxLossCarryforwards_2">Tax loss carryforwards</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxLossCarryforwards" xlink:to="label_TaxLossCarryforwards_2" xlink:title="Label : TaxLossCarryforwards to label_TaxLossCarryforwards_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfBreakdownOfResellerFinancingGrossOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock" xlink:label="DisclosureOfBreakdownOfResellerFinancingGrossOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock" xlink:title="DisclosureOfBreakdownOfResellerFinancingGrossOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfBreakdownOfResellerFinancingGrossOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfBreakdownOfResellerFinancingGrossOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock" xml:lang="en-US" id="label_DisclosureOfBreakdownOfResellerFinancingGrossOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock">Tabular disclosure of breakdown of reseller financing, gross of expected losses on doubtful accounts.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfBreakdownOfResellerFinancingGrossOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock" xlink:to="label_DisclosureOfBreakdownOfResellerFinancingGrossOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock" xlink:title="Label : DisclosureOfBreakdownOfResellerFinancingGrossOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock to label_DisclosureOfBreakdownOfResellerFinancingGrossOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfBreakdownOfResellerFinancingGrossOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfBreakdownOfResellerFinancingGrossOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock_1" xml:lang="en-US" id="label_DisclosureOfBreakdownOfResellerFinancingGrossOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock_1">Breakdown of reseller financing, gross of loss allowance for expected credit losses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfBreakdownOfResellerFinancingGrossOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock" xlink:to="label_DisclosureOfBreakdownOfResellerFinancingGrossOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock_1" xlink:title="Label : DisclosureOfBreakdownOfResellerFinancingGrossOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock to label_DisclosureOfBreakdownOfResellerFinancingGrossOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_TaxLossCarryforwards_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_TaxLossCarryforwards_3" xml:lang="en-US" id="label_TaxLossCarryforwards_3">Tax loss carryforwards</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxLossCarryforwards" xlink:to="label_TaxLossCarryforwards_3" xlink:title="Label : TaxLossCarryforwards to label_TaxLossCarryforwards_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_UltraparInternationalMember" xlink:label="UltraparInternationalMember" xlink:title="UltraparInternationalMember" />
    <link:label xlink:type="resource" xlink:label="label_UltraparInternationalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UltraparInternationalMember" xml:lang="en-US" id="label_UltraparInternationalMember">Ultrapar International [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltraparInternationalMember" xlink:to="label_UltraparInternationalMember" xlink:title="Label : UltraparInternationalMember to label_UltraparInternationalMember" />
    <link:label xlink:type="resource" xlink:label="label_UltraparInternationalMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UltraparInternationalMember_1" xml:lang="en-US" id="label_UltraparInternationalMember_1">Ultrapar International [member]</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory" xlink:title="Label : DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory to label_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory_1" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory_1">Loans, financing, debentures and derivative financial instruments</link:label>
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DescriptionOfAccountingPolicyForRecognitionOfTaxCreditsPolicyTextBlock" xlink:label="DescriptionOfAccountingPolicyForRecognitionOfTaxCreditsPolicyTextBlock" xlink:title="DescriptionOfAccountingPolicyForRecognitionOfTaxCreditsPolicyTextBlock" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForRecognitionOfTaxCreditsPolicyTextBlock" xlink:to="label_DescriptionOfAccountingPolicyForRecognitionOfTaxCreditsPolicyTextBlock_1" xlink:title="Label : DescriptionOfAccountingPolicyForRecognitionOfTaxCreditsPolicyTextBlock to label_DescriptionOfAccountingPolicyForRecognitionOfTaxCreditsPolicyTextBlock_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory" xlink:label="DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory" xlink:title="DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory" xlink:title="Label : DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory to label_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory_1" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory_1">Intangible assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory_1" xlink:title="Label : DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory to label_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory_1" />
    <link:label xlink:type="resource" xlink:label="label_NonCurrentProvisionForShortTermLiabilitiesOfJointVenture_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NonCurrentProvisionForShortTermLiabilitiesOfJointVenture_3" xml:lang="en-US" id="label_NonCurrentProvisionForShortTermLiabilitiesOfJointVenture_3">The amount of non-current provision for short-term liabilities of joint venture.</link:label>
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    <link:label xlink:type="resource" xlink:label="label_NonCurrentProvisionForShortTermLiabilitiesOfJointVenture_4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NonCurrentProvisionForShortTermLiabilitiesOfJointVenture_4" xml:lang="en-US" id="label_NonCurrentProvisionForShortTermLiabilitiesOfJointVenture_4">Provision for liabilities of joint ventures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCurrentProvisionForShortTermLiabilitiesOfJointVenture" xlink:to="label_NonCurrentProvisionForShortTermLiabilitiesOfJointVenture_4" xlink:title="Label : NonCurrentProvisionForShortTermLiabilitiesOfJointVenture to label_NonCurrentProvisionForShortTermLiabilitiesOfJointVenture_4" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:label="DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:title="DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory">Description of accounting policy for property, plant and equipment [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:title="Label : DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory to label_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_1" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_1">Property, plant, and equipment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_1" xlink:title="Label : DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory to label_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughOtherReservesInvestmentsInJointVentures_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughOtherReservesInvestmentsInJointVentures_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughOtherReservesInvestmentsInJointVentures_2">Other reserves</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughOtherReservesInvestmentsInJointVentures" xlink:to="label_IncreaseDecreaseThroughOtherReservesInvestmentsInJointVentures_2" xlink:title="Label : IncreaseDecreaseThroughOtherReservesInvestmentsInJointVentures to label_IncreaseDecreaseThroughOtherReservesInvestmentsInJointVentures_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CapitalReductionJointVentures" xlink:label="CapitalReductionJointVentures" xlink:title="CapitalReductionJointVentures" />
    <link:label xlink:type="resource" xlink:label="label_CapitalReductionJointVentures" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CapitalReductionJointVentures" xml:lang="en-US" id="label_CapitalReductionJointVentures">Capital Reduction Joint Ventures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitalReductionJointVentures" xlink:to="label_CapitalReductionJointVentures" xlink:title="Label : CapitalReductionJointVentures to label_CapitalReductionJointVentures" />
    <link:label xlink:type="resource" xlink:label="label_CapitalReductionJointVentures_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CapitalReductionJointVentures_1" xml:lang="en-US" id="label_CapitalReductionJointVentures_1">Capital decrease</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitalReductionJointVentures" xlink:to="label_CapitalReductionJointVentures_1" xlink:title="Label : CapitalReductionJointVentures to label_CapitalReductionJointVentures_1" />
    <link:label xlink:type="resource" xlink:label="label_CapitalReductionJointVentures_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CapitalReductionJointVentures_2" xml:lang="en-US" id="label_CapitalReductionJointVentures_2">The amount of capital reduction in joint ventures.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitalReductionJointVentures" xlink:to="label_CapitalReductionJointVentures_2" xlink:title="Label : CapitalReductionJointVentures to label_CapitalReductionJointVentures_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CapitalIncreaseJointVentures" xlink:label="CapitalIncreaseJointVentures" xlink:title="CapitalIncreaseJointVentures" />
    <link:label xlink:type="resource" xlink:label="label_CapitalIncreaseJointVentures" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CapitalIncreaseJointVentures" xml:lang="en-US" id="label_CapitalIncreaseJointVentures">The amount of increase in capital of joint ventures.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitalIncreaseJointVentures" xlink:to="label_CapitalIncreaseJointVentures" xlink:title="Label : CapitalIncreaseJointVentures to label_CapitalIncreaseJointVentures" />
    <link:label xlink:type="resource" xlink:label="label_CapitalIncreaseJointVentures_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CapitalIncreaseJointVentures_1" xml:lang="en-US" id="label_CapitalIncreaseJointVentures_1">Capital increase joint ventures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitalIncreaseJointVentures" xlink:to="label_CapitalIncreaseJointVentures_1" xlink:title="Label : CapitalIncreaseJointVentures to label_CapitalIncreaseJointVentures_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" xlink:label="DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" xlink:title="DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory">Description of accounting policy for investment in associates and joint ventures [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" xlink:title="Label : DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory to label_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory_1" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory_1">Investments in subsidiaries, joint ventures and associates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory_1" xlink:title="Label : DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory to label_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory_1" />
    <link:label xlink:type="resource" xlink:label="label_CapitalIncreaseJointVentures_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CapitalIncreaseJointVentures_2" xml:lang="en-US" id="label_CapitalIncreaseJointVentures_2">Capital increase</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitalIncreaseJointVentures" xlink:to="label_CapitalIncreaseJointVentures_2" xlink:title="Label : CapitalIncreaseJointVentures to label_CapitalIncreaseJointVentures_2" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsInJointVenturesAccountedForUsingEquityMethod_2" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_InvestmentsInJointVenturesAccountedForUsingEquityMethod_2" xml:lang="en-US" id="label_InvestmentsInJointVenturesAccountedForUsingEquityMethod_2">Joint ventures, ending</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInJointVenturesAccountedForUsingEquityMethod" xlink:to="label_InvestmentsInJointVenturesAccountedForUsingEquityMethod_2" xlink:title="Label : InvestmentsInJointVenturesAccountedForUsingEquityMethod to label_InvestmentsInJointVenturesAccountedForUsingEquityMethod_2" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsInJointVenturesAccountedForUsingEquityMethod_3" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_InvestmentsInJointVenturesAccountedForUsingEquityMethod_3" xml:lang="en-US" id="label_InvestmentsInJointVenturesAccountedForUsingEquityMethod_3">Joint ventures, beginning</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInJointVenturesAccountedForUsingEquityMethod" xlink:to="label_InvestmentsInJointVenturesAccountedForUsingEquityMethod_3" xlink:title="Label : InvestmentsInJointVenturesAccountedForUsingEquityMethod to label_InvestmentsInJointVenturesAccountedForUsingEquityMethod_3" />
    <link:label xlink:type="resource" xlink:label="label_FinalSubsequentInstallmentReceivedFromDisposalGroupTransaction_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinalSubsequentInstallmentReceivedFromDisposalGroupTransaction_1" xml:lang="en-US" id="label_FinalSubsequentInstallmentReceivedFromDisposalGroupTransaction_1">Final subsequent installment received from the sale of the subsidiary</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinalSubsequentInstallmentReceivedFromDisposalGroupTransaction" xlink:to="label_FinalSubsequentInstallmentReceivedFromDisposalGroupTransaction_1" xlink:title="Label : FinalSubsequentInstallmentReceivedFromDisposalGroupTransaction to label_FinalSubsequentInstallmentReceivedFromDisposalGroupTransaction_1" />
    <link:label xlink:type="resource" xlink:label="label_FinalSubsequentInstallmentReceivedFromDisposalGroupTransaction_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinalSubsequentInstallmentReceivedFromDisposalGroupTransaction_2" xml:lang="en-US" id="label_FinalSubsequentInstallmentReceivedFromDisposalGroupTransaction_2">Final subsequent installment received from disposal group transaction</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinalSubsequentInstallmentReceivedFromDisposalGroupTransaction" xlink:to="label_FinalSubsequentInstallmentReceivedFromDisposalGroupTransaction_2" xlink:title="Label : FinalSubsequentInstallmentReceivedFromDisposalGroupTransaction to label_FinalSubsequentInstallmentReceivedFromDisposalGroupTransaction_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProportionOfVotingPowerHeldInAssociate" xlink:label="ProportionOfVotingPowerHeldInAssociate" xlink:title="ProportionOfVotingPowerHeldInAssociate" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfVotingPowerHeldInAssociate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProportionOfVotingPowerHeldInAssociate" xml:lang="en-US" id="label_ProportionOfVotingPowerHeldInAssociate">Proportion of voting rights held in associate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfVotingPowerHeldInAssociate" xlink:to="label_ProportionOfVotingPowerHeldInAssociate" xlink:title="Label : ProportionOfVotingPowerHeldInAssociate to label_ProportionOfVotingPowerHeldInAssociate" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfVotingPowerHeldInAssociate_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProportionOfVotingPowerHeldInAssociate_1" xml:lang="en-US" id="label_ProportionOfVotingPowerHeldInAssociate_1">Percentage of voting equity interests held</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfVotingPowerHeldInAssociate" xlink:to="label_ProportionOfVotingPowerHeldInAssociate_1" xlink:title="Label : ProportionOfVotingPowerHeldInAssociate to label_ProportionOfVotingPowerHeldInAssociate_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_BusinessCombinationSharePrice" xlink:label="BusinessCombinationSharePrice" xlink:title="BusinessCombinationSharePrice" />
    <link:label xlink:type="resource" xlink:label="label_BusinessCombinationSharePrice" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BusinessCombinationSharePrice" xml:lang="en-US" id="label_BusinessCombinationSharePrice">Business combination, Share Price</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationSharePrice" xlink:to="label_BusinessCombinationSharePrice" xlink:title="Label : BusinessCombinationSharePrice to label_BusinessCombinationSharePrice" />
    <link:label xlink:type="resource" xlink:label="label_BusinessCombinationSharePrice_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BusinessCombinationSharePrice_1" xml:lang="en-US" id="label_BusinessCombinationSharePrice_1">The price of a single share of a number of saleable stocks paid or offered to be paid in a business combination.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationSharePrice" xlink:to="label_BusinessCombinationSharePrice_1" xlink:title="Label : BusinessCombinationSharePrice to label_BusinessCombinationSharePrice_1" />
    <link:label xlink:type="resource" xlink:label="label_BusinessCombinationSharePrice_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BusinessCombinationSharePrice_2" xml:lang="en-US" id="label_BusinessCombinationSharePrice_2">Business combination, Share Price</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationSharePrice" xlink:to="label_BusinessCombinationSharePrice_2" xlink:title="Label : BusinessCombinationSharePrice to label_BusinessCombinationSharePrice_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfSharesAcquired" xlink:label="NumberOfSharesAcquired" xlink:title="NumberOfSharesAcquired" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfSharesAcquired" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfSharesAcquired" xml:lang="en-US" id="label_NumberOfSharesAcquired">Number of shares acquired</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesAcquired" xlink:to="label_NumberOfSharesAcquired" xlink:title="Label : NumberOfSharesAcquired to label_NumberOfSharesAcquired" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" xlink:label="DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" xlink:title="DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" xlink:title="Label : DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory to label_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories" xlink:label="DescriptionOfAccountingPolicyForMeasuringInventories" xlink:title="DescriptionOfAccountingPolicyForMeasuringInventories" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForMeasuringInventories" xlink:to="label_DescriptionOfAccountingPolicyForMeasuringInventories" xlink:title="Label : DescriptionOfAccountingPolicyForMeasuringInventories to label_DescriptionOfAccountingPolicyForMeasuringInventories" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfSharesAcquired_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfSharesAcquired_1" xml:lang="en-US" id="label_NumberOfSharesAcquired_1">The number of shares acquired by the entity in a business combination.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesAcquired" xlink:to="label_NumberOfSharesAcquired_1" xlink:title="Label : NumberOfSharesAcquired to label_NumberOfSharesAcquired_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesAcquired" xlink:to="label_NumberOfSharesAcquired_2" xlink:title="Label : NumberOfSharesAcquired to label_NumberOfSharesAcquired_2" />
    <link:label xlink:type="resource" xlink:label="label_HidroviasDoBrasilMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HidroviasDoBrasilMember_1" xml:lang="en-US" id="label_HidroviasDoBrasilMember_1">Hidrovias do Brasil [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HidroviasDoBrasilMember" xlink:to="label_HidroviasDoBrasilMember_1" xlink:title="Label : HidroviasDoBrasilMember to label_HidroviasDoBrasilMember_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HidroviasDoBrasilMember" xlink:to="label_HidroviasDoBrasilMember_2" xlink:title="Label : HidroviasDoBrasilMember to label_HidroviasDoBrasilMember_2" />
    <link:label xlink:type="resource" xlink:label="label_HidroviasDoBrasilMember_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HidroviasDoBrasilMember_3" xml:lang="en-US" id="label_HidroviasDoBrasilMember_3">Hidrovias do Brasil [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HidroviasDoBrasilMember" xlink:to="label_HidroviasDoBrasilMember_3" xlink:title="Label : HidroviasDoBrasilMember to label_HidroviasDoBrasilMember_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_BankCreditBillWithoutFinancialCovenantsMember" xlink:label="BankCreditBillWithoutFinancialCovenantsMember" xlink:title="BankCreditBillWithoutFinancialCovenantsMember" />
    <link:label xlink:type="resource" xlink:label="label_BankCreditBillWithoutFinancialCovenantsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BankCreditBillWithoutFinancialCovenantsMember" xml:lang="en-US" id="label_BankCreditBillWithoutFinancialCovenantsMember">Bank Credit Bill without financial covenants [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BankCreditBillWithoutFinancialCovenantsMember" xlink:to="label_BankCreditBillWithoutFinancialCovenantsMember" xlink:title="Label : BankCreditBillWithoutFinancialCovenantsMember to label_BankCreditBillWithoutFinancialCovenantsMember" />
    <link:label xlink:type="resource" xlink:label="label_BankCreditBillWithoutFinancialCovenantsMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BankCreditBillWithoutFinancialCovenantsMember_1" xml:lang="en-US" id="label_BankCreditBillWithoutFinancialCovenantsMember_1">This member stands for the information pertaining to "Bank Credit Bill without financial covenants".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BankCreditBillWithoutFinancialCovenantsMember" xlink:to="label_BankCreditBillWithoutFinancialCovenantsMember_1" xlink:title="Label : BankCreditBillWithoutFinancialCovenantsMember to label_BankCreditBillWithoutFinancialCovenantsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_BankCreditBillWithoutFinancialCovenantsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BankCreditBillWithoutFinancialCovenantsMember_2" xml:lang="en-US" id="label_BankCreditBillWithoutFinancialCovenantsMember_2">Bank Credit Bill without financial covenants</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BankCreditBillWithoutFinancialCovenantsMember" xlink:to="label_BankCreditBillWithoutFinancialCovenantsMember_2" xlink:title="Label : BankCreditBillWithoutFinancialCovenantsMember to label_BankCreditBillWithoutFinancialCovenantsMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MajorTransactionsFromDiscontinuedOperationsMember" xlink:label="MajorTransactionsFromDiscontinuedOperationsMember" xlink:title="MajorTransactionsFromDiscontinuedOperationsMember" />
    <link:label xlink:type="resource" xlink:label="label_MajorTransactionsFromDiscontinuedOperationsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MajorTransactionsFromDiscontinuedOperationsMember" xml:lang="en-US" id="label_MajorTransactionsFromDiscontinuedOperationsMember">Major transactions from discontinued operations [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorTransactionsFromDiscontinuedOperationsMember" xlink:to="label_MajorTransactionsFromDiscontinuedOperationsMember" xlink:title="Label : MajorTransactionsFromDiscontinuedOperationsMember to label_MajorTransactionsFromDiscontinuedOperationsMember" />
    <link:label xlink:type="resource" xlink:label="label_MajorTransactionsFromDiscontinuedOperationsMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MajorTransactionsFromDiscontinuedOperationsMember_1" xml:lang="en-US" id="label_MajorTransactionsFromDiscontinuedOperationsMember_1">This member stands for the information pertaining to "Major transactions from discontinued operations".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorTransactionsFromDiscontinuedOperationsMember" xlink:to="label_MajorTransactionsFromDiscontinuedOperationsMember_1" xlink:title="Label : MajorTransactionsFromDiscontinuedOperationsMember to label_MajorTransactionsFromDiscontinuedOperationsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_MajorTransactionsFromDiscontinuedOperationsMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MajorTransactionsFromDiscontinuedOperationsMember_2" xml:lang="en-US" id="label_MajorTransactionsFromDiscontinuedOperationsMember_2">Major transactions from discontinued operations [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorTransactionsFromDiscontinuedOperationsMember" xlink:to="label_MajorTransactionsFromDiscontinuedOperationsMember_2" xlink:title="Label : MajorTransactionsFromDiscontinuedOperationsMember to label_MajorTransactionsFromDiscontinuedOperationsMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_MajorBusinessCombinationMember" xlink:label="MajorBusinessCombinationMember" xlink:title="MajorBusinessCombinationMember" />
    <link:label xlink:type="resource" xlink:label="label_MajorBusinessCombinationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MajorBusinessCombinationMember" xml:lang="en-US" id="label_MajorBusinessCombinationMember">Major business combination [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorBusinessCombinationMember" xlink:to="label_MajorBusinessCombinationMember" xlink:title="Label : MajorBusinessCombinationMember to label_MajorBusinessCombinationMember" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MajorBorrowingsMember" xlink:label="MajorBorrowingsMember" xlink:title="MajorBorrowingsMember" />
    <link:label xlink:type="resource" xlink:label="label_MajorBorrowingsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MajorBorrowingsMember" xml:lang="en-US" id="label_MajorBorrowingsMember">Major borrowings [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorBorrowingsMember" xlink:to="label_MajorBorrowingsMember" xlink:title="Label : MajorBorrowingsMember to label_MajorBorrowingsMember" />
    <link:label xlink:type="resource" xlink:label="label_MajorBorrowingsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MajorBorrowingsMember_1" xml:lang="en-US" id="label_MajorBorrowingsMember_1">Major borrowings [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorBorrowingsMember" xlink:to="label_MajorBorrowingsMember_1" xlink:title="Label : MajorBorrowingsMember to label_MajorBorrowingsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_MajorBorrowingsMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MajorBorrowingsMember_2" xml:lang="en-US" id="label_MajorBorrowingsMember_2">This member stands for the information pertaining to "Major borrowings" of the reporting entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorBorrowingsMember" xlink:to="label_MajorBorrowingsMember_2" xlink:title="Label : MajorBorrowingsMember to label_MajorBorrowingsMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CessationOfDepreciationOnDisposalOfInvestments" xlink:label="CessationOfDepreciationOnDisposalOfInvestments" xlink:title="CessationOfDepreciationOnDisposalOfInvestments" />
    <link:label xlink:type="resource" xlink:label="label_CessationOfDepreciationOnDisposalOfInvestments" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CessationOfDepreciationOnDisposalOfInvestments" xml:lang="en-US" id="label_CessationOfDepreciationOnDisposalOfInvestments">Cessation of depreciation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CessationOfDepreciationOnDisposalOfInvestments" xlink:to="label_CessationOfDepreciationOnDisposalOfInvestments" xlink:title="Label : CessationOfDepreciationOnDisposalOfInvestments to label_CessationOfDepreciationOnDisposalOfInvestments" />
    <link:label xlink:type="resource" xlink:label="label_CessationOfDepreciationOnDisposalOfInvestments_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CessationOfDepreciationOnDisposalOfInvestments_1" xml:lang="en-US" id="label_CessationOfDepreciationOnDisposalOfInvestments_1">The amount of cessation of depreciation on disposal of investments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CessationOfDepreciationOnDisposalOfInvestments" xlink:to="label_CessationOfDepreciationOnDisposalOfInvestments_1" xlink:title="Label : CessationOfDepreciationOnDisposalOfInvestments to label_CessationOfDepreciationOnDisposalOfInvestments_1" />
    <link:label xlink:type="resource" xlink:label="label_CessationOfDepreciationOnDisposalOfInvestments_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CessationOfDepreciationOnDisposalOfInvestments_2" xml:lang="en-US" id="label_CessationOfDepreciationOnDisposalOfInvestments_2">Cessation of depreciation on disposal of investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CessationOfDepreciationOnDisposalOfInvestments" xlink:to="label_CessationOfDepreciationOnDisposalOfInvestments_2" xlink:title="Label : CessationOfDepreciationOnDisposalOfInvestments to label_CessationOfDepreciationOnDisposalOfInvestments_2" />
    <link:label xlink:type="resource" xlink:label="label_CessationOfDepreciationOnDisposalOfInvestments_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CessationOfDepreciationOnDisposalOfInvestments_3" xml:lang="en-US" id="label_CessationOfDepreciationOnDisposalOfInvestments_3">Net effect of cessation of depreciation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CessationOfDepreciationOnDisposalOfInvestments" xlink:to="label_CessationOfDepreciationOnDisposalOfInvestments_3" xlink:title="Label : CessationOfDepreciationOnDisposalOfInvestments to label_CessationOfDepreciationOnDisposalOfInvestments_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfSemiTrailersForNaturalGasDistribution" xlink:label="NumberOfSemiTrailersForNaturalGasDistribution" xlink:title="NumberOfSemiTrailersForNaturalGasDistribution" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfSemiTrailersForNaturalGasDistribution" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfSemiTrailersForNaturalGasDistribution" xml:lang="en-US" id="label_NumberOfSemiTrailersForNaturalGasDistribution">The number of semi-trailers for natural gas distribution.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSemiTrailersForNaturalGasDistribution" xlink:to="label_NumberOfSemiTrailersForNaturalGasDistribution" xlink:title="Label : NumberOfSemiTrailersForNaturalGasDistribution to label_NumberOfSemiTrailersForNaturalGasDistribution" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfSemiTrailersForNaturalGasDistribution_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfSemiTrailersForNaturalGasDistribution_1" xml:lang="en-US" id="label_NumberOfSemiTrailersForNaturalGasDistribution_1">Number of semi-trailers for natural gas distribution</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSemiTrailersForNaturalGasDistribution" xlink:to="label_NumberOfSemiTrailersForNaturalGasDistribution_1" xlink:title="Label : NumberOfSemiTrailersForNaturalGasDistribution to label_NumberOfSemiTrailersForNaturalGasDistribution_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfSemiTrailersForNaturalGasDistribution_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfSemiTrailersForNaturalGasDistribution_2" xml:lang="en-US" id="label_NumberOfSemiTrailersForNaturalGasDistribution_2">Number of semi-trailers for natural gas distribution</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSemiTrailersForNaturalGasDistribution" xlink:to="label_NumberOfSemiTrailersForNaturalGasDistribution_2" xlink:title="Label : NumberOfSemiTrailersForNaturalGasDistribution to label_NumberOfSemiTrailersForNaturalGasDistribution_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents" xlink:label="DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents" xlink:title="DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents">Description of accounting policy for determining components of cash and cash equivalents [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents" xlink:to="label_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents" xlink:title="Label : DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents to label_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents_1" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents_1">Cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents" xlink:to="label_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents_1" xlink:title="Label : DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents to label_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfCompressionBasesInSouthAndSoutheastRegions" xlink:label="NumberOfCompressionBasesInSouthAndSoutheastRegions" xlink:title="NumberOfCompressionBasesInSouthAndSoutheastRegions" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForRecognitionOfRevenue" xlink:to="label_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xlink:title="Label : DescriptionOfAccountingPolicyForRecognitionOfRevenue to label_DescriptionOfAccountingPolicyForRecognitionOfRevenue" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfCompressionBasesInSouthAndSoutheastRegions_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfCompressionBasesInSouthAndSoutheastRegions_1" xml:lang="en-US" id="label_NumberOfCompressionBasesInSouthAndSoutheastRegions_1">Number of compression bases in the South and Southeast regions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfCompressionBasesInSouthAndSoutheastRegions" xlink:to="label_NumberOfCompressionBasesInSouthAndSoutheastRegions_1" xlink:title="Label : NumberOfCompressionBasesInSouthAndSoutheastRegions to label_NumberOfCompressionBasesInSouthAndSoutheastRegions_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfCompressionBasesInSouthAndSoutheastRegions_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfCompressionBasesInSouthAndSoutheastRegions_2" xml:lang="en-US" id="label_NumberOfCompressionBasesInSouthAndSoutheastRegions_2">Number of compression bases in South and Southeast regions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfCompressionBasesInSouthAndSoutheastRegions" xlink:to="label_NumberOfCompressionBasesInSouthAndSoutheastRegions_2" xlink:title="Label : NumberOfCompressionBasesInSouthAndSoutheastRegions to label_NumberOfCompressionBasesInSouthAndSoutheastRegions_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MinimumCapacityOfNaturalGasDistributed" xlink:label="MinimumCapacityOfNaturalGasDistributed" xlink:title="MinimumCapacityOfNaturalGasDistributed" />
    <link:label xlink:type="resource" xlink:label="label_MinimumCapacityOfNaturalGasDistributed" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MinimumCapacityOfNaturalGasDistributed" xml:lang="en-US" id="label_MinimumCapacityOfNaturalGasDistributed">The minimum amount of measurement of natural gas distributed.</link:label>
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    <link:label xlink:type="resource" xlink:label="label_MinimumCapacityOfNaturalGasDistributed_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MinimumCapacityOfNaturalGasDistributed_1" xml:lang="en-US" id="label_MinimumCapacityOfNaturalGasDistributed_1">Minimum capacity of natural gas distributed</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumCapacityOfNaturalGasDistributed" xlink:to="label_MinimumCapacityOfNaturalGasDistributed_1" xlink:title="Label : MinimumCapacityOfNaturalGasDistributed to label_MinimumCapacityOfNaturalGasDistributed_1" />
    <link:label xlink:type="resource" xlink:label="label_MinimumCapacityOfNaturalGasDistributed_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinimumCapacityOfNaturalGasDistributed_2" xml:lang="en-US" id="label_MinimumCapacityOfNaturalGasDistributed_2">Minimum capacity of natural gas distributed</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumCapacityOfNaturalGasDistributed" xlink:to="label_MinimumCapacityOfNaturalGasDistributed_2" xlink:title="Label : MinimumCapacityOfNaturalGasDistributed to label_MinimumCapacityOfNaturalGasDistributed_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfStatesInWhichAcquireeEntityOperates" xlink:label="NumberOfStatesInWhichAcquireeEntityOperates" xlink:title="NumberOfStatesInWhichAcquireeEntityOperates" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfStatesInWhichAcquireeEntityOperates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfStatesInWhichAcquireeEntityOperates" xml:lang="en-US" id="label_NumberOfStatesInWhichAcquireeEntityOperates">The number of countries in which an acquiree entity operates as of acquisition date.</link:label>
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    <link:label xlink:type="resource" xlink:label="label_NumberOfStatesInWhichAcquireeEntityOperates_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfStatesInWhichAcquireeEntityOperates_1" xml:lang="en-US" id="label_NumberOfStatesInWhichAcquireeEntityOperates_1">Number of states in which acquiree entity operates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfStatesInWhichAcquireeEntityOperates" xlink:to="label_NumberOfStatesInWhichAcquireeEntityOperates_1" xlink:title="Label : NumberOfStatesInWhichAcquireeEntityOperates to label_NumberOfStatesInWhichAcquireeEntityOperates_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfStatesInWhichAcquireeEntityOperates_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfStatesInWhichAcquireeEntityOperates_2" xml:lang="en-US" id="label_NumberOfStatesInWhichAcquireeEntityOperates_2">Number of states in which acquiree entity operates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfStatesInWhichAcquireeEntityOperates" xlink:to="label_NumberOfStatesInWhichAcquireeEntityOperates_2" xlink:title="Label : NumberOfStatesInWhichAcquireeEntityOperates to label_NumberOfStatesInWhichAcquireeEntityOperates_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AmortisationMethodIntangibleAssetsOtherThanGoodwill" xlink:label="AmortisationMethodIntangibleAssetsOtherThanGoodwill" xlink:title="AmortisationMethodIntangibleAssetsOtherThanGoodwill" />
    <link:label xlink:type="resource" xlink:label="label_AmortisationMethodIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmortisationMethodIntangibleAssetsOtherThanGoodwill" xml:lang="en-US" id="label_AmortisationMethodIntangibleAssetsOtherThanGoodwill">Amortization method</link:label>
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    <link:label xlink:type="resource" xlink:label="label_AmortisationMethodIntangibleAssetsOtherThanGoodwill_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmortisationMethodIntangibleAssetsOtherThanGoodwill_1" xml:lang="en-US" id="label_AmortisationMethodIntangibleAssetsOtherThanGoodwill_1">Amortisation method, intangible assets other than goodwill</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" xlink:label="DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" xlink:title="DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" xml:lang="en-US" id="label_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory">Discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" xlink:to="label_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" xlink:title="Label : DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory to label_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory_1" xml:lang="en-US" id="label_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory_1">Disclosure of non-current assets held for sale and discontinued operations [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" xlink:to="label_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory_1" xlink:title="Label : DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory to label_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwnersAbstract" xlink:label="NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwnersAbstract" xlink:title="NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwnersAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwnersAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwnersAbstract" xml:lang="en-US" id="label_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwnersAbstract">Assets and liabilities from subsidiaries held for sale and discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwnersAbstract" xlink:to="label_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwnersAbstract" xlink:title="Label : NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwnersAbstract to label_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwnersAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwnersAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwnersAbstract_1" xml:lang="en-US" id="label_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwnersAbstract_1">Discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwnersAbstract" xlink:to="label_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwnersAbstract_1" xlink:title="Label : NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwnersAbstract to label_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwnersAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:label="IntangibleAssetsOtherThanGoodwill" xlink:title="IntangibleAssetsOtherThanGoodwill" />
    <link:label xlink:type="resource" xlink:label="label_IntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_IntangibleAssetsOtherThanGoodwill" xml:lang="en-US" id="label_IntangibleAssetsOtherThanGoodwill">Total intangible assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsOtherThanGoodwill" xlink:to="label_IntangibleAssetsOtherThanGoodwill" xlink:title="Label : IntangibleAssetsOtherThanGoodwill to label_IntangibleAssetsOtherThanGoodwill" />
    <link:label xlink:type="resource" xlink:label="label_IntangibleAssetsOtherThanGoodwill_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IntangibleAssetsOtherThanGoodwill_1" xml:lang="en-US" id="label_IntangibleAssetsOtherThanGoodwill_1">Intangible assets other than goodwill</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsOtherThanGoodwill" xlink:to="label_IntangibleAssetsOtherThanGoodwill_1" xlink:title="Label : IntangibleAssetsOtherThanGoodwill to label_IntangibleAssetsOtherThanGoodwill_1" />
    <link:label xlink:type="resource" xlink:label="label_CustomerrelatedIntangibleAssetsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CustomerrelatedIntangibleAssetsMember_1" xml:lang="en-US" id="label_CustomerrelatedIntangibleAssetsMember_1">Customer-related intangible assets [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CustomerrelatedIntangibleAssetsMember" xlink:to="label_CustomerrelatedIntangibleAssetsMember_1" xlink:title="Label : CustomerrelatedIntangibleAssetsMember to label_CustomerrelatedIntangibleAssetsMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LicencesMember" xlink:label="LicencesMember" xlink:title="LicencesMember" />
    <link:label xlink:type="resource" xlink:label="label_LicencesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LicencesMember" xml:lang="en-US" id="label_LicencesMember">Licences [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LicencesMember" xlink:to="label_LicencesMember" xlink:title="Label : LicencesMember to label_LicencesMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:label="ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:title="ClassesOfIntangibleAssetsOtherThanGoodwillAxis" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xml:lang="en-US" id="label_ClassesOfIntangibleAssetsOtherThanGoodwillAxis">Classes of intangible assets other than goodwill [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:to="label_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:title="Label : ClassesOfIntangibleAssetsOtherThanGoodwillAxis to label_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PrimaryContributionPaid" xlink:label="PrimaryContributionPaid" xlink:title="PrimaryContributionPaid" />
    <link:label xlink:type="resource" xlink:label="label_PrimaryContributionPaid" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PrimaryContributionPaid" xml:lang="en-US" id="label_PrimaryContributionPaid">The amount of primary contribution paid in business acquisition.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrimaryContributionPaid" xlink:to="label_PrimaryContributionPaid" xlink:title="Label : PrimaryContributionPaid to label_PrimaryContributionPaid" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory" xlink:label="DisclosureOfOtherOperatingIncomeExpenseExplanatory" xlink:title="DisclosureOfOtherOperatingIncomeExpenseExplanatory" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOtherOperatingIncomeExpenseExplanatory" xlink:to="label_DisclosureOfOtherOperatingIncomeExpenseExplanatory" xlink:title="Label : DisclosureOfOtherOperatingIncomeExpenseExplanatory to label_DisclosureOfOtherOperatingIncomeExpenseExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_PrimaryContributionPaid_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PrimaryContributionPaid_1" xml:lang="en-US" id="label_PrimaryContributionPaid_1">Primary contribution</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrimaryContributionPaid" xlink:to="label_PrimaryContributionPaid_1" xlink:title="Label : PrimaryContributionPaid to label_PrimaryContributionPaid_1" />
    <link:label xlink:type="resource" xlink:label="label_PrimaryContributionPaid_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PrimaryContributionPaid_2" xml:lang="en-US" id="label_PrimaryContributionPaid_2">Primary contribution paid</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrimaryContributionPaid" xlink:to="label_PrimaryContributionPaid_2" xlink:title="Label : PrimaryContributionPaid to label_PrimaryContributionPaid_2" />
    <link:label xlink:type="resource" xlink:label="label_PrimaryContributionPaid_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PrimaryContributionPaid_3" xml:lang="en-US" id="label_PrimaryContributionPaid_3">Primary contribution</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrimaryContributionPaid" xlink:to="label_PrimaryContributionPaid_3" xlink:title="Label : PrimaryContributionPaid to label_PrimaryContributionPaid_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DescriptionOfGoalsInBusinessCombination" xlink:label="DescriptionOfGoalsInBusinessCombination" xlink:title="DescriptionOfGoalsInBusinessCombination" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfGoalsInBusinessCombination" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfGoalsInBusinessCombination" xml:lang="en-US" id="label_DescriptionOfGoalsInBusinessCombination">Goals</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfGoalsInBusinessCombination" xlink:to="label_DescriptionOfGoalsInBusinessCombination" xlink:title="Label : DescriptionOfGoalsInBusinessCombination to label_DescriptionOfGoalsInBusinessCombination" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfGoalsInBusinessCombination_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfGoalsInBusinessCombination_1" xml:lang="en-US" id="label_DescriptionOfGoalsInBusinessCombination_1">Description of goals in business combination</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfGoalsInBusinessCombination" xlink:to="label_DescriptionOfGoalsInBusinessCombination_1" xlink:title="Label : DescriptionOfGoalsInBusinessCombination to label_DescriptionOfGoalsInBusinessCombination_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfGoalsInBusinessCombination" xlink:to="label_DescriptionOfGoalsInBusinessCombination_2" xlink:title="Label : DescriptionOfGoalsInBusinessCombination to label_DescriptionOfGoalsInBusinessCombination_2" />
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    <link:label xlink:type="resource" xlink:label="label_PortionOfInitialConsiderationPaidConsistingOfCashAndCashEquivalents_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PortionOfInitialConsiderationPaidConsistingOfCashAndCashEquivalents_2" xml:lang="en-US" id="label_PortionOfInitialConsiderationPaidConsistingOfCashAndCashEquivalents_2">Initial consideration in cash</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortionOfInitialConsiderationPaidConsistingOfCashAndCashEquivalents" xlink:to="label_PortionOfInitialConsiderationPaidConsistingOfCashAndCashEquivalents_2" xlink:title="Label : PortionOfInitialConsiderationPaidConsistingOfCashAndCashEquivalents to label_PortionOfInitialConsiderationPaidConsistingOfCashAndCashEquivalents_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PaymentToAcquireBusinessesNetOfCashAcquiredAbstract" xlink:label="PaymentToAcquireBusinessesNetOfCashAcquiredAbstract" xlink:title="PaymentToAcquireBusinessesNetOfCashAcquiredAbstract" />
    <link:label xlink:type="resource" xlink:label="label_PaymentToAcquireBusinessesNetOfCashAcquiredAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentToAcquireBusinessesNetOfCashAcquiredAbstract" xml:lang="en-US" id="label_PaymentToAcquireBusinessesNetOfCashAcquiredAbstract">Net cash outflow resulting from the acquisition</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentToAcquireBusinessesNetOfCashAcquiredAbstract" xlink:to="label_PaymentToAcquireBusinessesNetOfCashAcquiredAbstract" xlink:title="Label : PaymentToAcquireBusinessesNetOfCashAcquiredAbstract to label_PaymentToAcquireBusinessesNetOfCashAcquiredAbstract" />
    <link:label xlink:type="resource" xlink:label="label_PaymentToAcquireBusinessesNetOfCashAcquiredAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentToAcquireBusinessesNetOfCashAcquiredAbstract_1" xml:lang="en-US" id="label_PaymentToAcquireBusinessesNetOfCashAcquiredAbstract_1">Payment to Acquire Businesses, Net of Cash Acquired [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentToAcquireBusinessesNetOfCashAcquiredAbstract" xlink:to="label_PaymentToAcquireBusinessesNetOfCashAcquiredAbstract_1" xlink:title="Label : PaymentToAcquireBusinessesNetOfCashAcquiredAbstract to label_PaymentToAcquireBusinessesNetOfCashAcquiredAbstract_1" />
    <link:label xlink:type="resource" xlink:label="label_AcquisitiondateFairValueOfTotalConsiderationTransferred_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_AcquisitiondateFairValueOfTotalConsiderationTransferred_1" xml:lang="en-US" id="label_AcquisitiondateFairValueOfTotalConsiderationTransferred_1">Total consideration</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:to="label_AcquisitiondateFairValueOfTotalConsiderationTransferred_1" xlink:title="Label : AcquisitiondateFairValueOfTotalConsiderationTransferred to label_AcquisitiondateFairValueOfTotalConsiderationTransferred_1" />
    <link:label xlink:type="resource" xlink:label="label_AcquisitiondateFairValueOfTotalConsiderationTransferred_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AcquisitiondateFairValueOfTotalConsiderationTransferred_2" xml:lang="en-US" id="label_AcquisitiondateFairValueOfTotalConsiderationTransferred_2">Purchase price of acquisition</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:to="label_AcquisitiondateFairValueOfTotalConsiderationTransferred_2" xlink:title="Label : AcquisitiondateFairValueOfTotalConsiderationTransferred to label_AcquisitiondateFairValueOfTotalConsiderationTransferred_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_EquityInterestsOfAcquirer" xlink:label="EquityInterestsOfAcquirer" xlink:title="EquityInterestsOfAcquirer" />
    <link:label xlink:type="resource" xlink:label="label_EquityInterestsOfAcquirer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EquityInterestsOfAcquirer" xml:lang="en-US" id="label_EquityInterestsOfAcquirer">Acquisition of ownership interest via capital contribution (as non-controlling interests)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityInterestsOfAcquirer" xlink:to="label_EquityInterestsOfAcquirer" xlink:title="Label : EquityInterestsOfAcquirer to label_EquityInterestsOfAcquirer" />
    <link:label xlink:type="resource" xlink:label="label_EquityInterestsOfAcquirer_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityInterestsOfAcquirer_1" xml:lang="en-US" id="label_EquityInterestsOfAcquirer_1">Equity interests of acquirer</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityInterestsOfAcquirer" xlink:to="label_EquityInterestsOfAcquirer_1" xlink:title="Label : EquityInterestsOfAcquirer to label_EquityInterestsOfAcquirer_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashTransferred" xlink:label="CashTransferred" xlink:title="CashTransferred" />
    <link:label xlink:type="resource" xlink:label="label_CashTransferred" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashTransferred" xml:lang="en-US" id="label_CashTransferred">Cash</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashTransferred" xlink:to="label_CashTransferred" xlink:title="Label : CashTransferred to label_CashTransferred" />
    <link:label xlink:type="resource" xlink:label="label_CashTransferred_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashTransferred_1" xml:lang="en-US" id="label_CashTransferred_1">Cash transferred</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashTransferred" xlink:to="label_CashTransferred_1" xlink:title="Label : CashTransferred to label_CashTransferred_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:label="IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:title="IdentifiableAssetsAcquiredLiabilitiesAssumed" />
    <link:label xlink:type="resource" xlink:label="label_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IdentifiableAssetsAcquiredLiabilitiesAssumed" xml:lang="en-US" id="label_IdentifiableAssetsAcquiredLiabilitiesAssumed">Acquisition value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:to="label_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:title="Label : IdentifiableAssetsAcquiredLiabilitiesAssumed to label_IdentifiableAssetsAcquiredLiabilitiesAssumed" />
    <link:label xlink:type="resource" xlink:label="label_IdentifiableAssetsAcquiredLiabilitiesAssumed_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IdentifiableAssetsAcquiredLiabilitiesAssumed_1" xml:lang="en-US" id="label_IdentifiableAssetsAcquiredLiabilitiesAssumed_1">Identifiable assets acquired (liabilities assumed)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:to="label_IdentifiableAssetsAcquiredLiabilitiesAssumed_1" xlink:title="Label : IdentifiableAssetsAcquiredLiabilitiesAssumed to label_IdentifiableAssetsAcquiredLiabilitiesAssumed_1" />
    <link:label xlink:type="resource" xlink:label="label_IdentifiableAssetsAcquiredLiabilitiesAssumed_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_IdentifiableAssetsAcquiredLiabilitiesAssumed_2" xml:lang="en-US" id="label_IdentifiableAssetsAcquiredLiabilitiesAssumed_2">Acquisition value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:to="label_IdentifiableAssetsAcquiredLiabilitiesAssumed_2" xlink:title="Label : IdentifiableAssetsAcquiredLiabilitiesAssumed to label_IdentifiableAssetsAcquiredLiabilitiesAssumed_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NetLiabilitiesRecognisedAsOfAcquisitionDate" xlink:label="NetLiabilitiesRecognisedAsOfAcquisitionDate" xlink:title="NetLiabilitiesRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_NetLiabilitiesRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NetLiabilitiesRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_NetLiabilitiesRecognisedAsOfAcquisitionDate">The amount recognised as of the acquisition date for net liabilities assumed in a business combination.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetLiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="label_NetLiabilitiesRecognisedAsOfAcquisitionDate" xlink:title="Label : NetLiabilitiesRecognisedAsOfAcquisitionDate to label_NetLiabilitiesRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_NetLiabilitiesRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetLiabilitiesRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_NetLiabilitiesRecognisedAsOfAcquisitionDate_1">Liabilities assumed</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetLiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="label_NetLiabilitiesRecognisedAsOfAcquisitionDate_1" xlink:title="Label : NetLiabilitiesRecognisedAsOfAcquisitionDate to label_NetLiabilitiesRecognisedAsOfAcquisitionDate_1" />
    <link:label xlink:type="resource" xlink:label="label_NetLiabilitiesRecognisedAsOfAcquisitionDate_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetLiabilitiesRecognisedAsOfAcquisitionDate_2" xml:lang="en-US" id="label_NetLiabilitiesRecognisedAsOfAcquisitionDate_2">Net liabilities recognised as of acquisition date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetLiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="label_NetLiabilitiesRecognisedAsOfAcquisitionDate_2" xlink:title="Label : NetLiabilitiesRecognisedAsOfAcquisitionDate to label_NetLiabilitiesRecognisedAsOfAcquisitionDate_2" />
    <link:label xlink:type="resource" xlink:label="label_NetLiabilitiesRecognisedAsOfAcquisitionDate_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_NetLiabilitiesRecognisedAsOfAcquisitionDate_3" xml:lang="en-US" id="label_NetLiabilitiesRecognisedAsOfAcquisitionDate_3">Liabilities assumed</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetLiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="label_NetLiabilitiesRecognisedAsOfAcquisitionDate_3" xlink:title="Label : NetLiabilitiesRecognisedAsOfAcquisitionDate to label_NetLiabilitiesRecognisedAsOfAcquisitionDate_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NetAssetsRecognisedAsOfAcquisitionDate" xlink:label="NetAssetsRecognisedAsOfAcquisitionDate" xlink:title="NetAssetsRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_NetAssetsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetAssetsRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_NetAssetsRecognisedAsOfAcquisitionDate">Net assets recognised as of acquisition date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetAssetsRecognisedAsOfAcquisitionDate" xlink:to="label_NetAssetsRecognisedAsOfAcquisitionDate" xlink:title="Label : NetAssetsRecognisedAsOfAcquisitionDate to label_NetAssetsRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_NetAssetsRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetAssetsRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_NetAssetsRecognisedAsOfAcquisitionDate_1">Assets acquired</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetAssetsRecognisedAsOfAcquisitionDate" xlink:to="label_NetAssetsRecognisedAsOfAcquisitionDate_1" xlink:title="Label : NetAssetsRecognisedAsOfAcquisitionDate to label_NetAssetsRecognisedAsOfAcquisitionDate_1" />
    <link:label xlink:type="resource" xlink:label="label_NetAssetsRecognisedAsOfAcquisitionDate_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NetAssetsRecognisedAsOfAcquisitionDate_2" xml:lang="en-US" id="label_NetAssetsRecognisedAsOfAcquisitionDate_2">The amount recognised as of the acquisition date for net assets acquired in a business combination.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetAssetsRecognisedAsOfAcquisitionDate" xlink:to="label_NetAssetsRecognisedAsOfAcquisitionDate_2" xlink:title="Label : NetAssetsRecognisedAsOfAcquisitionDate to label_NetAssetsRecognisedAsOfAcquisitionDate_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OtherPayablesRecognisedAsOfAcquisitionDate" xlink:label="OtherPayablesRecognisedAsOfAcquisitionDate" xlink:title="OtherPayablesRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_OtherPayablesRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherPayablesRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_OtherPayablesRecognisedAsOfAcquisitionDate">Other payables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherPayablesRecognisedAsOfAcquisitionDate" xlink:to="label_OtherPayablesRecognisedAsOfAcquisitionDate" xlink:title="Label : OtherPayablesRecognisedAsOfAcquisitionDate to label_OtherPayablesRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_OtherPayablesRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherPayablesRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_OtherPayablesRecognisedAsOfAcquisitionDate_1">Other payables recognised as of acquisition date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherPayablesRecognisedAsOfAcquisitionDate" xlink:to="label_OtherPayablesRecognisedAsOfAcquisitionDate_1" xlink:title="Label : OtherPayablesRecognisedAsOfAcquisitionDate to label_OtherPayablesRecognisedAsOfAcquisitionDate_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherPayablesRecognisedAsOfAcquisitionDate_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherPayablesRecognisedAsOfAcquisitionDate_2" xml:lang="en-US" id="label_OtherPayablesRecognisedAsOfAcquisitionDate_2">The amount recognised as of the acquisition date for other payables assumed in a business combination.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherPayablesRecognisedAsOfAcquisitionDate" xlink:to="label_OtherPayablesRecognisedAsOfAcquisitionDate_2" xlink:title="Label : OtherPayablesRecognisedAsOfAcquisitionDate to label_OtherPayablesRecognisedAsOfAcquisitionDate_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LeasesPayableRecognisedAsOfAcquisitionDate" xlink:label="LeasesPayableRecognisedAsOfAcquisitionDate" xlink:title="LeasesPayableRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_LeasesPayableRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LeasesPayableRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_LeasesPayableRecognisedAsOfAcquisitionDate">Leases payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeasesPayableRecognisedAsOfAcquisitionDate" xlink:to="label_LeasesPayableRecognisedAsOfAcquisitionDate" xlink:title="Label : LeasesPayableRecognisedAsOfAcquisitionDate to label_LeasesPayableRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_LeasesPayableRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LeasesPayableRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_LeasesPayableRecognisedAsOfAcquisitionDate_1">The amount recognised as of the acquisition date for leases payable assumed in a business combination.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeasesPayableRecognisedAsOfAcquisitionDate" xlink:to="label_LeasesPayableRecognisedAsOfAcquisitionDate_1" xlink:title="Label : LeasesPayableRecognisedAsOfAcquisitionDate to label_LeasesPayableRecognisedAsOfAcquisitionDate_1" />
    <link:label xlink:type="resource" xlink:label="label_LeasesPayableRecognisedAsOfAcquisitionDate_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LeasesPayableRecognisedAsOfAcquisitionDate_2" xml:lang="en-US" id="label_LeasesPayableRecognisedAsOfAcquisitionDate_2">Leases payable recognised as of acquisition date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeasesPayableRecognisedAsOfAcquisitionDate" xlink:to="label_LeasesPayableRecognisedAsOfAcquisitionDate_2" xlink:title="Label : LeasesPayableRecognisedAsOfAcquisitionDate to label_LeasesPayableRecognisedAsOfAcquisitionDate_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ContingentLiabilitiesRecognisedAsOfAcquisitionDate" xlink:label="ContingentLiabilitiesRecognisedAsOfAcquisitionDate" xlink:title="ContingentLiabilitiesRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_ContingentLiabilitiesRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContingentLiabilitiesRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_ContingentLiabilitiesRecognisedAsOfAcquisitionDate">Provisions for tax, civil and labor risks</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentLiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="label_ContingentLiabilitiesRecognisedAsOfAcquisitionDate" xlink:title="Label : ContingentLiabilitiesRecognisedAsOfAcquisitionDate to label_ContingentLiabilitiesRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_ContingentLiabilitiesRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContingentLiabilitiesRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_ContingentLiabilitiesRecognisedAsOfAcquisitionDate_1">Contingent liabilities recognised as of acquisition date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentLiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="label_ContingentLiabilitiesRecognisedAsOfAcquisitionDate_1" xlink:title="Label : ContingentLiabilitiesRecognisedAsOfAcquisitionDate to label_ContingentLiabilitiesRecognisedAsOfAcquisitionDate_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TaxLiabilitiesRecognisedAsOfAcquisitionDate" xlink:label="TaxLiabilitiesRecognisedAsOfAcquisitionDate" xlink:title="TaxLiabilitiesRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_TaxLiabilitiesRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TaxLiabilitiesRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_TaxLiabilitiesRecognisedAsOfAcquisitionDate">The amount recognised as of the acquisition date for tax liabilities assumed in a business combination.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxLiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="label_TaxLiabilitiesRecognisedAsOfAcquisitionDate" xlink:title="Label : TaxLiabilitiesRecognisedAsOfAcquisitionDate to label_TaxLiabilitiesRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_TaxLiabilitiesRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaxLiabilitiesRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_TaxLiabilitiesRecognisedAsOfAcquisitionDate_1">Tax liabilities recognised as of acquisition date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxLiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="label_TaxLiabilitiesRecognisedAsOfAcquisitionDate_1" xlink:title="Label : TaxLiabilitiesRecognisedAsOfAcquisitionDate to label_TaxLiabilitiesRecognisedAsOfAcquisitionDate_1" />
    <link:label xlink:type="resource" xlink:label="label_TaxLiabilitiesRecognisedAsOfAcquisitionDate_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TaxLiabilitiesRecognisedAsOfAcquisitionDate_2" xml:lang="en-US" id="label_TaxLiabilitiesRecognisedAsOfAcquisitionDate_2">Taxes payable, income and social contribution taxes payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxLiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="label_TaxLiabilitiesRecognisedAsOfAcquisitionDate_2" xlink:title="Label : TaxLiabilitiesRecognisedAsOfAcquisitionDate to label_TaxLiabilitiesRecognisedAsOfAcquisitionDate_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentTextBlock" xlink:label="DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentTextBlock" xlink:title="DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentTextBlock" xml:lang="en-US" id="label_DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentTextBlock">Disclosure of Gain (Loss) on Disposal of Property, Plant and Equipment and Intangibles assets and Impairment [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentTextBlock" xlink:to="label_DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentTextBlock" xlink:title="Label : DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentTextBlock to label_DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_EmployeeBenefitLiabilitiesRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EmployeeBenefitLiabilitiesRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_EmployeeBenefitLiabilitiesRecognisedAsOfAcquisitionDate_1">Employee benefit liabilities recognised as of acquisition date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmployeeBenefitLiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="label_EmployeeBenefitLiabilitiesRecognisedAsOfAcquisitionDate_1" xlink:title="Label : EmployeeBenefitLiabilitiesRecognisedAsOfAcquisitionDate to label_EmployeeBenefitLiabilitiesRecognisedAsOfAcquisitionDate_1" />
    <link:label xlink:type="resource" xlink:label="label_EmployeeBenefitLiabilitiesRecognisedAsOfAcquisitionDate_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EmployeeBenefitLiabilitiesRecognisedAsOfAcquisitionDate_2" xml:lang="en-US" id="label_EmployeeBenefitLiabilitiesRecognisedAsOfAcquisitionDate_2">Salaries and related charges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmployeeBenefitLiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="label_EmployeeBenefitLiabilitiesRecognisedAsOfAcquisitionDate_2" xlink:title="Label : EmployeeBenefitLiabilitiesRecognisedAsOfAcquisitionDate to label_EmployeeBenefitLiabilitiesRecognisedAsOfAcquisitionDate_2" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate_1">Trade payables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherPayablesRecognisedAsOfAcquisitionDate" xlink:to="label_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate_1" xlink:title="Label : TradeAndOtherPayablesRecognisedAsOfAcquisitionDate to label_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate" xlink:label="BorrowingsRecognisedAsOfAcquisitionDate" xlink:title="BorrowingsRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BorrowingsRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_BorrowingsRecognisedAsOfAcquisitionDate">Loans and financing</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsRecognisedAsOfAcquisitionDate" xlink:to="label_BorrowingsRecognisedAsOfAcquisitionDate" xlink:title="Label : BorrowingsRecognisedAsOfAcquisitionDate to label_BorrowingsRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_BorrowingsRecognisedAsOfAcquisitionDate_1">Borrowings recognised as of acquisition date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsRecognisedAsOfAcquisitionDate" xlink:to="label_BorrowingsRecognisedAsOfAcquisitionDate_1" xlink:title="Label : BorrowingsRecognisedAsOfAcquisitionDate to label_BorrowingsRecognisedAsOfAcquisitionDate_1" />
    <link:label xlink:type="resource" xlink:label="label_AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfLiabilitiesAssumedAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfLiabilitiesAssumedAbstract_1" xml:lang="en-US" id="label_AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfLiabilitiesAssumedAbstract_1">Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfLiabilitiesAssumedAbstract" xlink:to="label_AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfLiabilitiesAssumedAbstract_1" xlink:title="Label : AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfLiabilitiesAssumedAbstract to label_AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfLiabilitiesAssumedAbstract_1" />
    <link:label xlink:type="resource" xlink:label="label_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_2" xml:lang="en-US" id="label_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_2">Identifiable intangible assets recognised as of acquisition date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:to="label_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_2" xlink:title="Label : IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate to label_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_2" />
    <link:label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate_1">Property, plant and equipment recognised as of acquisition date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xlink:to="label_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate_1" xlink:title="Label : PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate to label_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate_1" />
    <link:label xlink:type="resource" xlink:label="label_RightOfUseAssetsNetRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RightOfUseAssetsNetRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_RightOfUseAssetsNetRecognisedAsOfAcquisitionDate_1">Right-of-use assets, net recognised as of acquisition date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightOfUseAssetsNetRecognisedAsOfAcquisitionDate" xlink:to="label_RightOfUseAssetsNetRecognisedAsOfAcquisitionDate_1" xlink:title="Label : RightOfUseAssetsNetRecognisedAsOfAcquisitionDate to label_RightOfUseAssetsNetRecognisedAsOfAcquisitionDate_1" />
    <link:label xlink:type="resource" xlink:label="label_RightOfUseAssetsNetRecognisedAsOfAcquisitionDate_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RightOfUseAssetsNetRecognisedAsOfAcquisitionDate_2" xml:lang="en-US" id="label_RightOfUseAssetsNetRecognisedAsOfAcquisitionDate_2">Right-of-use assets, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightOfUseAssetsNetRecognisedAsOfAcquisitionDate" xlink:to="label_RightOfUseAssetsNetRecognisedAsOfAcquisitionDate_2" xlink:title="Label : RightOfUseAssetsNetRecognisedAsOfAcquisitionDate to label_RightOfUseAssetsNetRecognisedAsOfAcquisitionDate_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OtherInvestmentsRecognisedAsOfAcquisitionDate" xlink:label="OtherInvestmentsRecognisedAsOfAcquisitionDate" xlink:title="OtherInvestmentsRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestmentsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherInvestmentsRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_OtherInvestmentsRecognisedAsOfAcquisitionDate">The amount recognised as of the acquisition date for other investments acquired in a business combination.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestmentsRecognisedAsOfAcquisitionDate" xlink:to="label_OtherInvestmentsRecognisedAsOfAcquisitionDate" xlink:title="Label : OtherInvestmentsRecognisedAsOfAcquisitionDate to label_OtherInvestmentsRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestmentsRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherInvestmentsRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_OtherInvestmentsRecognisedAsOfAcquisitionDate_1">Other investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestmentsRecognisedAsOfAcquisitionDate" xlink:to="label_OtherInvestmentsRecognisedAsOfAcquisitionDate_1" xlink:title="Label : OtherInvestmentsRecognisedAsOfAcquisitionDate to label_OtherInvestmentsRecognisedAsOfAcquisitionDate_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestmentsRecognisedAsOfAcquisitionDate_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherInvestmentsRecognisedAsOfAcquisitionDate_2" xml:lang="en-US" id="label_OtherInvestmentsRecognisedAsOfAcquisitionDate_2">Other investments recognised as of acquisition date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestmentsRecognisedAsOfAcquisitionDate" xlink:to="label_OtherInvestmentsRecognisedAsOfAcquisitionDate_2" xlink:title="Label : OtherInvestmentsRecognisedAsOfAcquisitionDate to label_OtherInvestmentsRecognisedAsOfAcquisitionDate_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OtherReceivablesRecognisedAsOfAcquisitionDate" xlink:label="OtherReceivablesRecognisedAsOfAcquisitionDate" xlink:title="OtherReceivablesRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_OtherReceivablesRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherReceivablesRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_OtherReceivablesRecognisedAsOfAcquisitionDate">Other receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReceivablesRecognisedAsOfAcquisitionDate" xlink:to="label_OtherReceivablesRecognisedAsOfAcquisitionDate" xlink:title="Label : OtherReceivablesRecognisedAsOfAcquisitionDate to label_OtherReceivablesRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_OtherReceivablesRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherReceivablesRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_OtherReceivablesRecognisedAsOfAcquisitionDate_1">Other receivables recognised as of acquisition date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReceivablesRecognisedAsOfAcquisitionDate" xlink:to="label_OtherReceivablesRecognisedAsOfAcquisitionDate_1" xlink:title="Label : OtherReceivablesRecognisedAsOfAcquisitionDate to label_OtherReceivablesRecognisedAsOfAcquisitionDate_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherReceivablesRecognisedAsOfAcquisitionDate_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherReceivablesRecognisedAsOfAcquisitionDate_2" xml:lang="en-US" id="label_OtherReceivablesRecognisedAsOfAcquisitionDate_2">The amount recognised as of the acquisition date for other receivables acquired in a business combination.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReceivablesRecognisedAsOfAcquisitionDate" xlink:to="label_OtherReceivablesRecognisedAsOfAcquisitionDate_2" xlink:title="Label : OtherReceivablesRecognisedAsOfAcquisitionDate to label_OtherReceivablesRecognisedAsOfAcquisitionDate_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_JudicialDepositsRecognisedAsOfAcquisitionDate" xlink:label="JudicialDepositsRecognisedAsOfAcquisitionDate" xlink:title="JudicialDepositsRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_JudicialDepositsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_JudicialDepositsRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_JudicialDepositsRecognisedAsOfAcquisitionDate">Judicial deposits recognised as of acquisition date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JudicialDepositsRecognisedAsOfAcquisitionDate" xlink:to="label_JudicialDepositsRecognisedAsOfAcquisitionDate" xlink:title="Label : JudicialDepositsRecognisedAsOfAcquisitionDate to label_JudicialDepositsRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_JudicialDepositsRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_JudicialDepositsRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_JudicialDepositsRecognisedAsOfAcquisitionDate_1">Judicial deposits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JudicialDepositsRecognisedAsOfAcquisitionDate" xlink:to="label_JudicialDepositsRecognisedAsOfAcquisitionDate_1" xlink:title="Label : JudicialDepositsRecognisedAsOfAcquisitionDate to label_JudicialDepositsRecognisedAsOfAcquisitionDate_1" />
    <link:label xlink:type="resource" xlink:label="label_JudicialDepositsRecognisedAsOfAcquisitionDate_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_JudicialDepositsRecognisedAsOfAcquisitionDate_2" xml:lang="en-US" id="label_JudicialDepositsRecognisedAsOfAcquisitionDate_2">The amount recognised as of the acquisition date for judicial deposits acquired in a business combination.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JudicialDepositsRecognisedAsOfAcquisitionDate" xlink:to="label_JudicialDepositsRecognisedAsOfAcquisitionDate_2" xlink:title="Label : JudicialDepositsRecognisedAsOfAcquisitionDate to label_JudicialDepositsRecognisedAsOfAcquisitionDate_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TaxAssetsRecognisedAsOfAcquisitionDate" xlink:label="TaxAssetsRecognisedAsOfAcquisitionDate" xlink:title="TaxAssetsRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_TaxAssetsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TaxAssetsRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_TaxAssetsRecognisedAsOfAcquisitionDate">The amount recognised as of the acquisition date for tax assets acquired in a business combination.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxAssetsRecognisedAsOfAcquisitionDate" xlink:to="label_TaxAssetsRecognisedAsOfAcquisitionDate" xlink:title="Label : TaxAssetsRecognisedAsOfAcquisitionDate to label_TaxAssetsRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_TaxAssetsRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaxAssetsRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_TaxAssetsRecognisedAsOfAcquisitionDate_1">Tax assets recognised as of acquisition date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxAssetsRecognisedAsOfAcquisitionDate" xlink:to="label_TaxAssetsRecognisedAsOfAcquisitionDate_1" xlink:title="Label : TaxAssetsRecognisedAsOfAcquisitionDate to label_TaxAssetsRecognisedAsOfAcquisitionDate_1" />
    <link:label xlink:type="resource" xlink:label="label_TaxAssetsRecognisedAsOfAcquisitionDate_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TaxAssetsRecognisedAsOfAcquisitionDate_2" xml:lang="en-US" id="label_TaxAssetsRecognisedAsOfAcquisitionDate_2">Recoverable taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxAssetsRecognisedAsOfAcquisitionDate" xlink:to="label_TaxAssetsRecognisedAsOfAcquisitionDate_2" xlink:title="Label : TaxAssetsRecognisedAsOfAcquisitionDate to label_TaxAssetsRecognisedAsOfAcquisitionDate_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InventoryRecognisedAsOfAcquisitionDate" xlink:label="InventoryRecognisedAsOfAcquisitionDate" xlink:title="InventoryRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_InventoryRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InventoryRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_InventoryRecognisedAsOfAcquisitionDate">Inventories</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoryRecognisedAsOfAcquisitionDate" xlink:to="label_InventoryRecognisedAsOfAcquisitionDate" xlink:title="Label : InventoryRecognisedAsOfAcquisitionDate to label_InventoryRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_InventoryRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InventoryRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_InventoryRecognisedAsOfAcquisitionDate_1">InventoryRecognisedAsOfAcquisitionDate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoryRecognisedAsOfAcquisitionDate" xlink:to="label_InventoryRecognisedAsOfAcquisitionDate_1" xlink:title="Label : InventoryRecognisedAsOfAcquisitionDate to label_InventoryRecognisedAsOfAcquisitionDate_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FairValueOfAcquiredReceivables" xlink:label="FairValueOfAcquiredReceivables" xlink:title="FairValueOfAcquiredReceivables" />
    <link:label xlink:type="resource" xlink:label="label_FairValueOfAcquiredReceivables" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FairValueOfAcquiredReceivables" xml:lang="en-US" id="label_FairValueOfAcquiredReceivables">Fair value of acquired trade receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueOfAcquiredReceivables" xlink:to="label_FairValueOfAcquiredReceivables" xlink:title="Label : FairValueOfAcquiredReceivables to label_FairValueOfAcquiredReceivables" />
    <link:label xlink:type="resource" xlink:label="label_FairValueOfAcquiredReceivables_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FairValueOfAcquiredReceivables_1" xml:lang="en-US" id="label_FairValueOfAcquiredReceivables_1">Trade receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueOfAcquiredReceivables" xlink:to="label_FairValueOfAcquiredReceivables_1" xlink:title="Label : FairValueOfAcquiredReceivables to label_FairValueOfAcquiredReceivables_1" />
    <link:label xlink:type="resource" xlink:label="label_FairValueOfAcquiredReceivables_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueOfAcquiredReceivables_2" xml:lang="en-US" id="label_FairValueOfAcquiredReceivables_2">Fair value of acquired receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueOfAcquiredReceivables" xlink:to="label_FairValueOfAcquiredReceivables_2" xlink:title="Label : FairValueOfAcquiredReceivables to label_FairValueOfAcquiredReceivables_2" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate_1">Cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" xlink:to="label_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate_1" xlink:title="Label : CashAndCashEquivalentsRecognisedAsOfAcquisitionDate to label_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate_1" />
    <link:label xlink:type="resource" xlink:label="label_AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfAssetsAcquiredAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfAssetsAcquiredAbstract_1" xml:lang="en-US" id="label_AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfAssetsAcquiredAbstract_1">Assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfAssetsAcquiredAbstract" xlink:to="label_AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfAssetsAcquiredAbstract_1" xlink:title="Label : AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfAssetsAcquiredAbstract to label_AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfAssetsAcquiredAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PeriodOfMaturityOfCommitmentOfMaua" xlink:label="PeriodOfMaturityOfCommitmentOfMaua" xlink:title="PeriodOfMaturityOfCommitmentOfMaua" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOfMaturityOfCommitmentOfMaua" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PeriodOfMaturityOfCommitmentOfMaua" xml:lang="en-US" id="label_PeriodOfMaturityOfCommitmentOfMaua">Period of Maturity of Commitment of Maua</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfMaturityOfCommitmentOfMaua" xlink:to="label_PeriodOfMaturityOfCommitmentOfMaua" xlink:title="Label : PeriodOfMaturityOfCommitmentOfMaua to label_PeriodOfMaturityOfCommitmentOfMaua" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOfMaturityOfCommitmentOfMaua_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PeriodOfMaturityOfCommitmentOfMaua_1" xml:lang="en-US" id="label_PeriodOfMaturityOfCommitmentOfMaua_1">Maturity of Commitment of Maua</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfMaturityOfCommitmentOfMaua" xlink:to="label_PeriodOfMaturityOfCommitmentOfMaua_1" xlink:title="Label : PeriodOfMaturityOfCommitmentOfMaua to label_PeriodOfMaturityOfCommitmentOfMaua_1" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOfMaturityOfCommitmentOfMaua_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PeriodOfMaturityOfCommitmentOfMaua_2" xml:lang="en-US" id="label_PeriodOfMaturityOfCommitmentOfMaua_2">The description of commitment maturity of Maua.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfMaturityOfCommitmentOfMaua" xlink:to="label_PeriodOfMaturityOfCommitmentOfMaua_2" xlink:title="Label : PeriodOfMaturityOfCommitmentOfMaua to label_PeriodOfMaturityOfCommitmentOfMaua_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PeriodOfMaturityOfCommitmentOfCamacari" xlink:label="PeriodOfMaturityOfCommitmentOfCamacari" xlink:title="PeriodOfMaturityOfCommitmentOfCamacari" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOfMaturityOfCommitmentOfCamacari" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PeriodOfMaturityOfCommitmentOfCamacari" xml:lang="en-US" id="label_PeriodOfMaturityOfCommitmentOfCamacari">Period of Maturity of Commitment of Camacari</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfMaturityOfCommitmentOfCamacari" xlink:to="label_PeriodOfMaturityOfCommitmentOfCamacari" xlink:title="Label : PeriodOfMaturityOfCommitmentOfCamacari to label_PeriodOfMaturityOfCommitmentOfCamacari" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOfMaturityOfCommitmentOfCamacari_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PeriodOfMaturityOfCommitmentOfCamacari_1" xml:lang="en-US" id="label_PeriodOfMaturityOfCommitmentOfCamacari_1">Maturity of Commitment of Camacari</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfMaturityOfCommitmentOfCamacari" xlink:to="label_PeriodOfMaturityOfCommitmentOfCamacari_1" xlink:title="Label : PeriodOfMaturityOfCommitmentOfCamacari to label_PeriodOfMaturityOfCommitmentOfCamacari_1" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOfMaturityOfCommitmentOfCamacari_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PeriodOfMaturityOfCommitmentOfCamacari_2" xml:lang="en-US" id="label_PeriodOfMaturityOfCommitmentOfCamacari_2">The description of commitment maturity of Camacari.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfMaturityOfCommitmentOfCamacari" xlink:to="label_PeriodOfMaturityOfCommitmentOfCamacari_2" xlink:title="Label : PeriodOfMaturityOfCommitmentOfCamacari to label_PeriodOfMaturityOfCommitmentOfCamacari_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MinimumAnnualPurchaseOfMaua" xlink:label="MinimumAnnualPurchaseOfMaua" xlink:title="MinimumAnnualPurchaseOfMaua" />
    <link:label xlink:type="resource" xlink:label="label_MinimumAnnualPurchaseOfMaua" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinimumAnnualPurchaseOfMaua" xml:lang="en-US" id="label_MinimumAnnualPurchaseOfMaua">Minimum Annual Purchase Of Maua</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumAnnualPurchaseOfMaua" xlink:to="label_MinimumAnnualPurchaseOfMaua" xlink:title="Label : MinimumAnnualPurchaseOfMaua to label_MinimumAnnualPurchaseOfMaua" />
    <link:label xlink:type="resource" xlink:label="label_MinimumAnnualPurchaseOfMaua_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MinimumAnnualPurchaseOfMaua_1" xml:lang="en-US" id="label_MinimumAnnualPurchaseOfMaua_1">The amount of minimum annual purchase commitment per year of Maua.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumAnnualPurchaseOfMaua" xlink:to="label_MinimumAnnualPurchaseOfMaua_1" xlink:title="Label : MinimumAnnualPurchaseOfMaua to label_MinimumAnnualPurchaseOfMaua_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MinimumAnnualPurchaseOfCamacari" xlink:label="MinimumAnnualPurchaseOfCamacari" xlink:title="MinimumAnnualPurchaseOfCamacari" />
    <link:label xlink:type="resource" xlink:label="label_MinimumAnnualPurchaseOfCamacari" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinimumAnnualPurchaseOfCamacari" xml:lang="en-US" id="label_MinimumAnnualPurchaseOfCamacari">Minimum Annual Purchase Of Camacari</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumAnnualPurchaseOfCamacari" xlink:to="label_MinimumAnnualPurchaseOfCamacari" xlink:title="Label : MinimumAnnualPurchaseOfCamacari to label_MinimumAnnualPurchaseOfCamacari" />
    <link:label xlink:type="resource" xlink:label="label_MinimumAnnualPurchaseOfCamacari_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MinimumAnnualPurchaseOfCamacari_1" xml:lang="en-US" id="label_MinimumAnnualPurchaseOfCamacari_1">The amount of minimum annual purchase commitment per year of Camacari.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumAnnualPurchaseOfCamacari" xlink:to="label_MinimumAnnualPurchaseOfCamacari_1" xlink:title="Label : MinimumAnnualPurchaseOfCamacari to label_MinimumAnnualPurchaseOfCamacari_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ContractualCapitalCommitments" xlink:label="ContractualCapitalCommitments" xlink:title="ContractualCapitalCommitments" />
    <link:label xlink:type="resource" xlink:label="label_ContractualCapitalCommitments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContractualCapitalCommitments" xml:lang="en-US" id="label_ContractualCapitalCommitments">Obligations regarding minimum purchase limits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContractualCapitalCommitments" xlink:to="label_ContractualCapitalCommitments" xlink:title="Label : ContractualCapitalCommitments to label_ContractualCapitalCommitments" />
    <link:label xlink:type="resource" xlink:label="label_ContractualCapitalCommitments_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContractualCapitalCommitments_1" xml:lang="en-US" id="label_ContractualCapitalCommitments_1">Contractual capital commitments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContractualCapitalCommitments" xlink:to="label_ContractualCapitalCommitments_1" xlink:title="Label : ContractualCapitalCommitments to label_ContractualCapitalCommitments_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_EstimatedInvestmentsDisbursementPeriod" xlink:label="EstimatedInvestmentsDisbursementPeriod" xlink:title="EstimatedInvestmentsDisbursementPeriod" />
    <link:label xlink:type="resource" xlink:label="label_EstimatedInvestmentsDisbursementPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EstimatedInvestmentsDisbursementPeriod" xml:lang="en-US" id="label_EstimatedInvestmentsDisbursementPeriod">Estimated investments, disbursement period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedInvestmentsDisbursementPeriod" xlink:to="label_EstimatedInvestmentsDisbursementPeriod" xlink:title="Label : EstimatedInvestmentsDisbursementPeriod to label_EstimatedInvestmentsDisbursementPeriod" />
    <link:label xlink:type="resource" xlink:label="label_EstimatedInvestmentsDisbursementPeriod_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EstimatedInvestmentsDisbursementPeriod_1" xml:lang="en-US" id="label_EstimatedInvestmentsDisbursementPeriod_1">The maturity period of estimated investments to be disbursed.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedInvestmentsDisbursementPeriod" xlink:to="label_EstimatedInvestmentsDisbursementPeriod_1" xlink:title="Label : EstimatedInvestmentsDisbursementPeriod to label_EstimatedInvestmentsDisbursementPeriod_1" />
    <link:label xlink:type="resource" xlink:label="label_EstimatedInvestmentsDisbursementPeriod_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EstimatedInvestmentsDisbursementPeriod_2" xml:lang="en-US" id="label_EstimatedInvestmentsDisbursementPeriod_2">Estimated Investments Disbursement Period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedInvestmentsDisbursementPeriod" xlink:to="label_EstimatedInvestmentsDisbursementPeriod_2" xlink:title="Label : EstimatedInvestmentsDisbursementPeriod to label_EstimatedInvestmentsDisbursementPeriod_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MinimumLeasePeriodOfPortConcession" xlink:label="MinimumLeasePeriodOfPortConcession" xlink:title="MinimumLeasePeriodOfPortConcession" />
    <link:label xlink:type="resource" xlink:label="label_MinimumLeasePeriodOfPortConcession" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinimumLeasePeriodOfPortConcession" xml:lang="en-US" id="label_MinimumLeasePeriodOfPortConcession">Minimum Lease Period of Port Concession</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumLeasePeriodOfPortConcession" xlink:to="label_MinimumLeasePeriodOfPortConcession" xlink:title="Label : MinimumLeasePeriodOfPortConcession to label_MinimumLeasePeriodOfPortConcession" />
    <link:label xlink:type="resource" xlink:label="label_MinimumLeasePeriodOfPortConcession_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MinimumLeasePeriodOfPortConcession_1" xml:lang="en-US" id="label_MinimumLeasePeriodOfPortConcession_1">The minimum lease period of port concession according to the auction notice.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumLeasePeriodOfPortConcession" xlink:to="label_MinimumLeasePeriodOfPortConcession_1" xlink:title="Label : MinimumLeasePeriodOfPortConcession to label_MinimumLeasePeriodOfPortConcession_1" />
    <link:label xlink:type="resource" xlink:label="label_MinimumLeasePeriodOfPortConcession_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MinimumLeasePeriodOfPortConcession_2" xml:lang="en-US" id="label_MinimumLeasePeriodOfPortConcession_2">Minimum lease period of port concession</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumLeasePeriodOfPortConcession" xlink:to="label_MinimumLeasePeriodOfPortConcession_2" xlink:title="Label : MinimumLeasePeriodOfPortConcession to label_MinimumLeasePeriodOfPortConcession_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_EstimatedInvestmentsToPortConcessions" xlink:label="EstimatedInvestmentsToPortConcessions" xlink:title="EstimatedInvestmentsToPortConcessions" />
    <link:label xlink:type="resource" xlink:label="label_EstimatedInvestmentsToPortConcessions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EstimatedInvestmentsToPortConcessions" xml:lang="en-US" id="label_EstimatedInvestmentsToPortConcessions">Estimated Investments To Port Concessions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedInvestmentsToPortConcessions" xlink:to="label_EstimatedInvestmentsToPortConcessions" xlink:title="Label : EstimatedInvestmentsToPortConcessions to label_EstimatedInvestmentsToPortConcessions" />
    <link:label xlink:type="resource" xlink:label="label_EstimatedInvestmentsToPortConcessions_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EstimatedInvestmentsToPortConcessions_1" xml:lang="en-US" id="label_EstimatedInvestmentsToPortConcessions_1">Estimated investments to port concessions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedInvestmentsToPortConcessions" xlink:to="label_EstimatedInvestmentsToPortConcessions_1" xlink:title="Label : EstimatedInvestmentsToPortConcessions to label_EstimatedInvestmentsToPortConcessions_1" />
    <link:label xlink:type="resource" xlink:label="label_EstimatedInvestmentsToPortConcessions_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EstimatedInvestmentsToPortConcessions_2" xml:lang="en-US" id="label_EstimatedInvestmentsToPortConcessions_2">The amount of estimated investments to port concessions.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedInvestmentsToPortConcessions" xlink:to="label_EstimatedInvestmentsToPortConcessions_2" xlink:title="Label : EstimatedInvestmentsToPortConcessions to label_EstimatedInvestmentsToPortConcessions_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PeriodOfPortConcession" xlink:label="PeriodOfPortConcession" xlink:title="PeriodOfPortConcession" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOfPortConcession" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PeriodOfPortConcession" xml:lang="en-US" id="label_PeriodOfPortConcession">PeriodOfPortConcession</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfPortConcession" xlink:to="label_PeriodOfPortConcession" xlink:title="Label : PeriodOfPortConcession to label_PeriodOfPortConcession" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOfPortConcession_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PeriodOfPortConcession_1" xml:lang="en-US" id="label_PeriodOfPortConcession_1">Period Of Port Concession</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfPortConcession" xlink:to="label_PeriodOfPortConcession_1" xlink:title="Label : PeriodOfPortConcession to label_PeriodOfPortConcession_1" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOfPortConcession_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PeriodOfPortConcession_2" xml:lang="en-US" id="label_PeriodOfPortConcession_2">Number of periods that Port areas will be operated</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfPortConcession" xlink:to="label_PeriodOfPortConcession_2" xlink:title="Label : PeriodOfPortConcession to label_PeriodOfPortConcession_2" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOfPortConcession_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PeriodOfPortConcession_3" xml:lang="en-US" id="label_PeriodOfPortConcession_3">Period of port concession.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfPortConcession" xlink:to="label_PeriodOfPortConcession_3" xlink:title="Label : PeriodOfPortConcession to label_PeriodOfPortConcession_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DescriptionOfPortConcessions" xlink:label="DescriptionOfPortConcessions" xlink:title="DescriptionOfPortConcessions" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfPortConcessions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfPortConcessions" xml:lang="en-US" id="label_DescriptionOfPortConcessions">Description Of Port Concessions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfPortConcessions" xlink:to="label_DescriptionOfPortConcessions" xlink:title="Label : DescriptionOfPortConcessions to label_DescriptionOfPortConcessions" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfPortConcessions_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfPortConcessions_1" xml:lang="en-US" id="label_DescriptionOfPortConcessions_1">Port concessions description</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfPortConcessions" xlink:to="label_DescriptionOfPortConcessions_1" xlink:title="Label : DescriptionOfPortConcessions to label_DescriptionOfPortConcessions_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentTextBlock_1" xml:lang="en-US" id="label_DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentTextBlock_1">Gain (loss) on disposal of property, plant and equipment and intangible assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentTextBlock" xlink:to="label_DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentTextBlock_1" xlink:title="Label : DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentTextBlock to label_DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentTextBlock_2" xml:lang="en-US" id="label_DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentTextBlock_2">The entire disclosure for gain (loss) on disposal of property plant and equipment and intangibles assets and impairment.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentTextBlock" xlink:to="label_DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentTextBlock_2" xlink:title="Label : DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentTextBlock to label_DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentTextBlock_2" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfPortConcessions_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DescriptionOfPortConcessions_2" xml:lang="en-US" id="label_DescriptionOfPortConcessions_2">The description of port concessions in operating lease.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfPortConcessions" xlink:to="label_DescriptionOfPortConcessions_2" xlink:title="Label : DescriptionOfPortConcessions to label_DescriptionOfPortConcessions_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PeriodOfConcession" xlink:label="PeriodOfConcession" xlink:title="PeriodOfConcession" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOfConcession" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PeriodOfConcession" xml:lang="en-US" id="label_PeriodOfConcession">Period Of Concession</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfConcession" xlink:to="label_PeriodOfConcession" xlink:title="Label : PeriodOfConcession to label_PeriodOfConcession" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOfConcession_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PeriodOfConcession_1" xml:lang="en-US" id="label_PeriodOfConcession_1">Term of concession</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfConcession" xlink:to="label_PeriodOfConcession_1" xlink:title="Label : PeriodOfConcession to label_PeriodOfConcession_1" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOfConcession_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PeriodOfConcession_2" xml:lang="en-US" id="label_PeriodOfConcession_2">The maturity period of concession contract.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfConcession" xlink:to="label_PeriodOfConcession_2" xlink:title="Label : PeriodOfConcession to label_PeriodOfConcession_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MinimumPortStorageCapacity" xlink:label="MinimumPortStorageCapacity" xlink:title="MinimumPortStorageCapacity" />
    <link:label xlink:type="resource" xlink:label="label_MinimumPortStorageCapacity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinimumPortStorageCapacity" xml:lang="en-US" id="label_MinimumPortStorageCapacity">Minimum Port Storage Capacity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumPortStorageCapacity" xlink:to="label_MinimumPortStorageCapacity" xlink:title="Label : MinimumPortStorageCapacity to label_MinimumPortStorageCapacity" />
    <link:label xlink:type="resource" xlink:label="label_MinimumPortStorageCapacity_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MinimumPortStorageCapacity_1" xml:lang="en-US" id="label_MinimumPortStorageCapacity_1">Minimum port storage capacity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumPortStorageCapacity" xlink:to="label_MinimumPortStorageCapacity_1" xlink:title="Label : MinimumPortStorageCapacity to label_MinimumPortStorageCapacity_1" />
    <link:label xlink:type="resource" xlink:label="label_MinimumPortStorageCapacity_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MinimumPortStorageCapacity_2" xml:lang="en-US" id="label_MinimumPortStorageCapacity_2">The measurement of minimum port storage capacity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumPortStorageCapacity" xlink:to="label_MinimumPortStorageCapacity_2" xlink:title="Label : MinimumPortStorageCapacity to label_MinimumPortStorageCapacity_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PercentageOfConsortiumOwned" xlink:label="PercentageOfConsortiumOwned" xlink:title="PercentageOfConsortiumOwned" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfConsortiumOwned" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PercentageOfConsortiumOwned" xml:lang="en-US" id="label_PercentageOfConsortiumOwned">Percentage Of Consortium Owned</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfConsortiumOwned" xlink:to="label_PercentageOfConsortiumOwned" xlink:title="Label : PercentageOfConsortiumOwned to label_PercentageOfConsortiumOwned" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfConsortiumOwned_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentageOfConsortiumOwned_1" xml:lang="en-US" id="label_PercentageOfConsortiumOwned_1">Percentage of consortium owned</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfConsortiumOwned" xlink:to="label_PercentageOfConsortiumOwned_1" xlink:title="Label : PercentageOfConsortiumOwned to label_PercentageOfConsortiumOwned_1" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfConsortiumOwned_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PercentageOfConsortiumOwned_2" xml:lang="en-US" id="label_PercentageOfConsortiumOwned_2">The percentage of consortium owned.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfConsortiumOwned" xlink:to="label_PercentageOfConsortiumOwned_2" xlink:title="Label : PercentageOfConsortiumOwned to label_PercentageOfConsortiumOwned_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfPortConcessions" xlink:label="NumberOfPortConcessions" xlink:title="NumberOfPortConcessions" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfPortConcessions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfPortConcessions" xml:lang="en-US" id="label_NumberOfPortConcessions">Number of Port Concessions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfPortConcessions" xlink:to="label_NumberOfPortConcessions" xlink:title="Label : NumberOfPortConcessions to label_NumberOfPortConcessions" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfPortConcessions_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfPortConcessions_1" xml:lang="en-US" id="label_NumberOfPortConcessions_1">The number of port concessions according to the auction notice.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfPortConcessions" xlink:to="label_NumberOfPortConcessions_1" xlink:title="Label : NumberOfPortConcessions to label_NumberOfPortConcessions_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfPortConcessions_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfPortConcessions_2" xml:lang="en-US" id="label_NumberOfPortConcessions_2">Number of Port concessions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfPortConcessions" xlink:to="label_NumberOfPortConcessions_2" xlink:title="Label : NumberOfPortConcessions to label_NumberOfPortConcessions_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CargoRatesPerTon" xlink:label="CargoRatesPerTon" xlink:title="CargoRatesPerTon" />
    <link:label xlink:type="resource" xlink:label="label_CargoRatesPerTon" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CargoRatesPerTon" xml:lang="en-US" id="label_CargoRatesPerTon">Cargo rates per ton</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CargoRatesPerTon" xlink:to="label_CargoRatesPerTon" xlink:title="Label : CargoRatesPerTon to label_CargoRatesPerTon" />
    <link:label xlink:type="resource" xlink:label="label_CargoRatesPerTon_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CargoRatesPerTon_1" xml:lang="en-US" id="label_CargoRatesPerTon_1">Cargo rates per ton</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CargoRatesPerTon" xlink:to="label_CargoRatesPerTon_1" xlink:title="Label : CargoRatesPerTon to label_CargoRatesPerTon_1" />
    <link:label xlink:type="resource" xlink:label="label_CargoRatesPerTon_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CargoRatesPerTon_2" xml:lang="en-US" id="label_CargoRatesPerTon_2">The per ton amount of cargo rates.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CargoRatesPerTon" xlink:to="label_CargoRatesPerTon_2" xlink:title="Label : CargoRatesPerTon to label_CargoRatesPerTon_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfCommitmentsAndContingenciesLineItems" xlink:label="DisclosureOfCommitmentsAndContingenciesLineItems" xlink:title="DisclosureOfCommitmentsAndContingenciesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCommitmentsAndContingenciesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfCommitmentsAndContingenciesLineItems" xml:lang="en-US" id="label_DisclosureOfCommitmentsAndContingenciesLineItems">Disclosure of commitments and contingencies.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCommitmentsAndContingenciesLineItems" xlink:to="label_DisclosureOfCommitmentsAndContingenciesLineItems" xlink:title="Label : DisclosureOfCommitmentsAndContingenciesLineItems to label_DisclosureOfCommitmentsAndContingenciesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCommitmentsAndContingenciesLineItems_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfCommitmentsAndContingenciesLineItems_1" xml:lang="en-US" id="label_DisclosureOfCommitmentsAndContingenciesLineItems_1">Disclosure of commitments and contingencies [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCommitmentsAndContingenciesLineItems" xlink:to="label_DisclosureOfCommitmentsAndContingenciesLineItems_1" xlink:title="Label : DisclosureOfCommitmentsAndContingenciesLineItems to label_DisclosureOfCommitmentsAndContingenciesLineItems_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentAbstract" xlink:label="DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentAbstract" xlink:title="DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentAbstract" xml:lang="en-US" id="label_DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentAbstract">Gain (loss) on disposal of property, plant and equipment and intangible assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentAbstract" xlink:to="label_DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentAbstract" xlink:title="Label : DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentAbstract to label_DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:label="DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:title="DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xml:lang="en-US" id="label_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory">Equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:to="label_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:title="Label : DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory to label_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCommitmentsAndContingenciesLineItems_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfCommitmentsAndContingenciesLineItems_2" xml:lang="en-US" id="label_DisclosureOfCommitmentsAndContingenciesLineItems_2">Disclosure of commitments and contingencies [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCommitmentsAndContingenciesLineItems" xlink:to="label_DisclosureOfCommitmentsAndContingenciesLineItems_2" xlink:title="Label : DisclosureOfCommitmentsAndContingenciesLineItems to label_DisclosureOfCommitmentsAndContingenciesLineItems_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AreaIqi13Member" xlink:label="AreaIqi13Member" xlink:title="AreaIqi13Member" />
    <link:label xlink:type="resource" xlink:label="label_AreaIqi13Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AreaIqi13Member" xml:lang="en-US" id="label_AreaIqi13Member">Area IQI13 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AreaIqi13Member" xlink:to="label_AreaIqi13Member" xlink:title="Label : AreaIqi13Member to label_AreaIqi13Member" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory_1" xml:lang="en-US" id="label_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory_1">Disclosure of share capital, reserves and other equity interest [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:to="label_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory_1" xlink:title="Label : DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory to label_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory" xlink:label="DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory" xlink:title="DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory" xml:lang="en-US" id="label_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory">Disclosure of other provisions, contingent liabilities and contingent assets [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory" xlink:to="label_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory" xlink:title="Label : DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory to label_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_AreaIqi13Member_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AreaIqi13Member_1" xml:lang="en-US" id="label_AreaIqi13Member_1">This member stands for the information pertaining to Area IQI13 in the Itaqui port, State of Maranh&#xE3;o.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AreaIqi13Member" xlink:to="label_AreaIqi13Member_1" xlink:title="Label : AreaIqi13Member to label_AreaIqi13Member_1" />
    <link:label xlink:type="resource" xlink:label="label_AreaIqi13Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AreaIqi13Member_2" xml:lang="en-US" id="label_AreaIqi13Member_2">Area IQI13 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AreaIqi13Member" xlink:to="label_AreaIqi13Member_2" xlink:title="Label : AreaIqi13Member to label_AreaIqi13Member_2" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory_1" xml:lang="en-US" id="label_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory_1">Provisions and contingent liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory" xlink:to="label_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory_1" xlink:title="Label : DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory to label_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AreaVdc12Member" xlink:label="AreaVdc12Member" xlink:title="AreaVdc12Member" />
    <link:label xlink:type="resource" xlink:label="label_AreaVdc12Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AreaVdc12Member" xml:lang="en-US" id="label_AreaVdc12Member">Area VDC12 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AreaVdc12Member" xlink:to="label_AreaVdc12Member" xlink:title="Label : AreaVdc12Member to label_AreaVdc12Member" />
    <link:label xlink:type="resource" xlink:label="label_AreaVdc12Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AreaVdc12Member_1" xml:lang="en-US" id="label_AreaVdc12Member_1">Area VDC12 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AreaVdc12Member" xlink:to="label_AreaVdc12Member_1" xlink:title="Label : AreaVdc12Member to label_AreaVdc12Member_1" />
    <link:label xlink:type="resource" xlink:label="label_AreaVdc12Member_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AreaVdc12Member_2" xml:lang="en-US" id="label_AreaVdc12Member_2">This member stands for the information pertaining to Area VDC12.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AreaVdc12Member" xlink:to="label_AreaVdc12Member_2" xlink:title="Label : AreaVdc12Member to label_AreaVdc12Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AreaBel04aMember" xlink:label="AreaBel04aMember" xlink:title="AreaBel04aMember" />
    <link:label xlink:type="resource" xlink:label="label_AreaBel04aMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AreaBel04aMember" xml:lang="en-US" id="label_AreaBel04aMember">This member stands for the information pertaining to Area BEL04A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AreaBel04aMember" xlink:to="label_AreaBel04aMember" xlink:title="Label : AreaBel04aMember to label_AreaBel04aMember" />
    <link:label xlink:type="resource" xlink:label="label_AreaBel04aMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AreaBel04aMember_1" xml:lang="en-US" id="label_AreaBel04aMember_1">Area BEL04A [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AreaBel04aMember" xlink:to="label_AreaBel04aMember_1" xlink:title="Label : AreaBel04aMember to label_AreaBel04aMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AreaBel04aMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AreaBel04aMember_2" xml:lang="en-US" id="label_AreaBel04aMember_2">Area Bel 04 a [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AreaBel04aMember" xlink:to="label_AreaBel04aMember_2" xlink:title="Label : AreaBel04aMember to label_AreaBel04aMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AreaBel02AMember" xlink:label="AreaBel02AMember" xlink:title="AreaBel02AMember" />
    <link:label xlink:type="resource" xlink:label="label_AreaBel02AMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AreaBel02AMember" xml:lang="en-US" id="label_AreaBel02AMember">Area BEL02A [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AreaBel02AMember" xlink:to="label_AreaBel02AMember" xlink:title="Label : AreaBel02AMember to label_AreaBel02AMember" />
    <link:label xlink:type="resource" xlink:label="label_AreaBel02AMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AreaBel02AMember_1" xml:lang="en-US" id="label_AreaBel02AMember_1">This member stands for the information pertaining to Area BEL02 A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AreaBel02AMember" xlink:to="label_AreaBel02AMember_1" xlink:title="Label : AreaBel02AMember to label_AreaBel02AMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AreaBel02AMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AreaBel02AMember_2" xml:lang="en-US" id="label_AreaBel02AMember_2">Area Bel 02 A [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AreaBel02AMember" xlink:to="label_AreaBel02AMember_2" xlink:title="Label : AreaBel02AMember to label_AreaBel02AMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory" xlink:label="DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory" xlink:title="DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory" xml:lang="en-US" id="label_DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory">Disclosure of investments accounted for using equity method [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory" xlink:to="label_DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory" xlink:title="Label : DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory to label_DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PortOfMiramarMember" xlink:label="PortOfMiramarMember" xlink:title="PortOfMiramarMember" />
    <link:label xlink:type="resource" xlink:label="label_PortOfMiramarMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PortOfMiramarMember" xml:lang="en-US" id="label_PortOfMiramarMember">Port of Miramar [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortOfMiramarMember" xlink:to="label_PortOfMiramarMember" xlink:title="Label : PortOfMiramarMember to label_PortOfMiramarMember" />
    <link:label xlink:type="resource" xlink:label="label_PortOfMiramarMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PortOfMiramarMember_1" xml:lang="en-US" id="label_PortOfMiramarMember_1">This member stands for the information pertaining to Port of Miramar, in Bel&#xE9;m, state of Par&#xE1;.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortOfMiramarMember" xlink:to="label_PortOfMiramarMember_1" xlink:title="Label : PortOfMiramarMember to label_PortOfMiramarMember_1" />
    <link:label xlink:type="resource" xlink:label="label_PortOfMiramarMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PortOfMiramarMember_2" xml:lang="en-US" id="label_PortOfMiramarMember_2">Port of Miramar [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortOfMiramarMember" xlink:to="label_PortOfMiramarMember_2" xlink:title="Label : PortOfMiramarMember to label_PortOfMiramarMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PortOfVitoriaMember" xlink:label="PortOfVitoriaMember" xlink:title="PortOfVitoriaMember" />
    <link:label xlink:type="resource" xlink:label="label_PortOfVitoriaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PortOfVitoriaMember" xml:lang="en-US" id="label_PortOfVitoriaMember">Port Of Vitoria [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortOfVitoriaMember" xlink:to="label_PortOfVitoriaMember" xlink:title="Label : PortOfVitoriaMember to label_PortOfVitoriaMember" />
    <link:label xlink:type="resource" xlink:label="label_PortOfVitoriaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PortOfVitoriaMember_1" xml:lang="en-US" id="label_PortOfVitoriaMember_1">Port of Vitoria [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortOfVitoriaMember" xlink:to="label_PortOfVitoriaMember_1" xlink:title="Label : PortOfVitoriaMember to label_PortOfVitoriaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_PortOfVitoriaMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PortOfVitoriaMember_2" xml:lang="en-US" id="label_PortOfVitoriaMember_2">This member stands for the information pertaining to Port of Vitoria.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortOfVitoriaMember" xlink:to="label_PortOfVitoriaMember_2" xlink:title="Label : PortOfVitoriaMember to label_PortOfVitoriaMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PortOfCabedeloMember" xlink:label="PortOfCabedeloMember" xlink:title="PortOfCabedeloMember" />
    <link:label xlink:type="resource" xlink:label="label_PortOfCabedeloMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PortOfCabedeloMember" xml:lang="en-US" id="label_PortOfCabedeloMember">Port Of Cabedelo [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortOfCabedeloMember" xlink:to="label_PortOfCabedeloMember" xlink:title="Label : PortOfCabedeloMember to label_PortOfCabedeloMember" />
    <link:label xlink:type="resource" xlink:label="label_PortOfCabedeloMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PortOfCabedeloMember_1" xml:lang="en-US" id="label_PortOfCabedeloMember_1">Port of Cabedelo [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortOfCabedeloMember" xlink:to="label_PortOfCabedeloMember_1" xlink:title="Label : PortOfCabedeloMember to label_PortOfCabedeloMember_1" />
    <link:label xlink:type="resource" xlink:label="label_PortOfCabedeloMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PortOfCabedeloMember_2" xml:lang="en-US" id="label_PortOfCabedeloMember_2">This member stands for the information pertaining to Port of Cabedelo.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortOfCabedeloMember" xlink:to="label_PortOfCabedeloMember_2" xlink:title="Label : PortOfCabedeloMember to label_PortOfCabedeloMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Terminal1Member" xlink:label="Terminal1Member" xlink:title="Terminal1Member" />
    <link:label xlink:type="resource" xlink:label="label_Terminal1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Terminal1Member" xml:lang="en-US" id="label_Terminal1Member">Terminal 1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Terminal1Member" xlink:to="label_Terminal1Member" xlink:title="Label : Terminal1Member to label_Terminal1Member" />
    <link:label xlink:type="resource" xlink:label="label_Terminal1Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Terminal1Member_1" xml:lang="en-US" id="label_Terminal1Member_1">Terminal1 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Terminal1Member" xlink:to="label_Terminal1Member_1" xlink:title="Label : Terminal1Member to label_Terminal1Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Terminal1Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Terminal1Member_2" xml:lang="en-US" id="label_Terminal1Member_2">Terminal 1 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Terminal1Member" xlink:to="label_Terminal1Member_2" xlink:title="Label : Terminal1Member to label_Terminal1Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TerminalAxis" xlink:label="TerminalAxis" xlink:title="TerminalAxis" />
    <link:label xlink:type="resource" xlink:label="label_TerminalAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TerminalAxis" xml:lang="en-US" id="label_TerminalAxis">Terminal</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TerminalAxis" xlink:to="label_TerminalAxis" xlink:title="Label : TerminalAxis to label_TerminalAxis" />
    <link:label xlink:type="resource" xlink:label="label_TerminalAxis_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TerminalAxis_1" xml:lang="en-US" id="label_TerminalAxis_1">Terminal [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TerminalAxis" xlink:to="label_TerminalAxis_1" xlink:title="Label : TerminalAxis to label_TerminalAxis_1" />
    <link:label xlink:type="resource" xlink:label="label_TerminalAxis_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TerminalAxis_2" xml:lang="en-US" id="label_TerminalAxis_2">Terminal [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TerminalAxis" xlink:to="label_TerminalAxis_2" xlink:title="Label : TerminalAxis to label_TerminalAxis_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_EspiritoSantoMember" xlink:label="EspiritoSantoMember" xlink:title="EspiritoSantoMember" />
    <link:label xlink:type="resource" xlink:label="label_EspiritoSantoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EspiritoSantoMember" xml:lang="en-US" id="label_EspiritoSantoMember">Espirito Santo [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EspiritoSantoMember" xlink:to="label_EspiritoSantoMember" xlink:title="Label : EspiritoSantoMember to label_EspiritoSantoMember" />
    <link:label xlink:type="resource" xlink:label="label_EspiritoSantoMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EspiritoSantoMember_1" xml:lang="en-US" id="label_EspiritoSantoMember_1">Espirito Santo [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EspiritoSantoMember" xlink:to="label_EspiritoSantoMember_1" xlink:title="Label : EspiritoSantoMember to label_EspiritoSantoMember_1" />
    <link:label xlink:type="resource" xlink:label="label_EspiritoSantoMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EspiritoSantoMember_2" xml:lang="en-US" id="label_EspiritoSantoMember_2">This member stands for the information pertaining to Espirito Santo.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EspiritoSantoMember" xlink:to="label_EspiritoSantoMember_2" xlink:title="Label : EspiritoSantoMember to label_EspiritoSantoMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ParaibaMember" xlink:label="ParaibaMember" xlink:title="ParaibaMember" />
    <link:label xlink:type="resource" xlink:label="label_ParaibaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ParaibaMember" xml:lang="en-US" id="label_ParaibaMember">Paraiba [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ParaibaMember" xlink:to="label_ParaibaMember" xlink:title="Label : ParaibaMember to label_ParaibaMember" />
    <link:label xlink:type="resource" xlink:label="label_ParaibaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ParaibaMember_1" xml:lang="en-US" id="label_ParaibaMember_1">Paraiba [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ParaibaMember" xlink:to="label_ParaibaMember_1" xlink:title="Label : ParaibaMember to label_ParaibaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ParaibaMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ParaibaMember_2" xml:lang="en-US" id="label_ParaibaMember_2">This member stands for the information pertaining to Paraiba.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ParaibaMember" xlink:to="label_ParaibaMember_2" xlink:title="Label : ParaibaMember to label_ParaibaMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_EntitiesByLocationDomain" xlink:label="EntitiesByLocationDomain" xlink:title="EntitiesByLocationDomain" />
    <link:label xlink:type="resource" xlink:label="label_EntitiesByLocationDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EntitiesByLocationDomain" xml:lang="en-US" id="label_EntitiesByLocationDomain">Entities By Location [Domain].</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntitiesByLocationDomain" xlink:to="label_EntitiesByLocationDomain" xlink:title="Label : EntitiesByLocationDomain to label_EntitiesByLocationDomain" />
    <link:label xlink:type="resource" xlink:label="label_EntitiesByLocationDomain_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EntitiesByLocationDomain_1" xml:lang="en-US" id="label_EntitiesByLocationDomain_1">Location [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntitiesByLocationDomain" xlink:to="label_EntitiesByLocationDomain_1" xlink:title="Label : EntitiesByLocationDomain to label_EntitiesByLocationDomain_1" />
    <link:label xlink:type="resource" xlink:label="label_EntitiesByLocationDomain_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntitiesByLocationDomain_2" xml:lang="en-US" id="label_EntitiesByLocationDomain_2">Entities By Location [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntitiesByLocationDomain" xlink:to="label_EntitiesByLocationDomain_2" xlink:title="Label : EntitiesByLocationDomain to label_EntitiesByLocationDomain_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_EntitiesByLocationAxis" xlink:label="EntitiesByLocationAxis" xlink:title="EntitiesByLocationAxis" />
    <link:label xlink:type="resource" xlink:label="label_EntitiesByLocationAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EntitiesByLocationAxis" xml:lang="en-US" id="label_EntitiesByLocationAxis">Entities By Location [Axis].</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntitiesByLocationAxis" xlink:to="label_EntitiesByLocationAxis" xlink:title="Label : EntitiesByLocationAxis to label_EntitiesByLocationAxis" />
    <link:label xlink:type="resource" xlink:label="label_EntitiesByLocationAxis_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EntitiesByLocationAxis_1" xml:lang="en-US" id="label_EntitiesByLocationAxis_1">Entity by Location [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntitiesByLocationAxis" xlink:to="label_EntitiesByLocationAxis_1" xlink:title="Label : EntitiesByLocationAxis to label_EntitiesByLocationAxis_1" />
    <link:label xlink:type="resource" xlink:label="label_EntitiesByLocationAxis_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntitiesByLocationAxis_2" xml:lang="en-US" id="label_EntitiesByLocationAxis_2">Entities By Location [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntitiesByLocationAxis" xlink:to="label_EntitiesByLocationAxis_2" xlink:title="Label : EntitiesByLocationAxis to label_EntitiesByLocationAxis_2" />
    <link:label xlink:type="resource" xlink:label="label_IpirangaProdutosDepetroleoSaAndUltracargoLogisticaSAMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IpirangaProdutosDepetroleoSaAndUltracargoLogisticaSAMember_1" xml:lang="en-US" id="label_IpirangaProdutosDepetroleoSaAndUltracargoLogisticaSAMember_1">IPP and Ultracargo Log&#xED;stica S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpirangaProdutosDepetroleoSaAndUltracargoLogisticaSAMember" xlink:to="label_IpirangaProdutosDepetroleoSaAndUltracargoLogisticaSAMember_1" xlink:title="Label : IpirangaProdutosDepetroleoSaAndUltracargoLogisticaSAMember to label_IpirangaProdutosDepetroleoSaAndUltracargoLogisticaSAMember_1" />
    <link:label xlink:type="resource" xlink:label="label_IpirangaProdutosDepetroleoSaAndUltracargoLogisticaSAMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IpirangaProdutosDepetroleoSaAndUltracargoLogisticaSAMember_2" xml:lang="en-US" id="label_IpirangaProdutosDepetroleoSaAndUltracargoLogisticaSAMember_2">Ipiranga Produtosde Petroleo S.A. and Ultracargo Logistica S.A. [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpirangaProdutosDepetroleoSaAndUltracargoLogisticaSAMember" xlink:to="label_IpirangaProdutosDepetroleoSaAndUltracargoLogisticaSAMember_2" xlink:title="Label : IpirangaProdutosDepetroleoSaAndUltracargoLogisticaSAMember to label_IpirangaProdutosDepetroleoSaAndUltracargoLogisticaSAMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IpirangaProdutosDepetroleoSaAndUltracargoMember" xlink:label="IpirangaProdutosDepetroleoSaAndUltracargoMember" xlink:title="IpirangaProdutosDepetroleoSaAndUltracargoMember" />
    <link:label xlink:type="resource" xlink:label="label_IpirangaProdutosDepetroleoSaAndUltracargoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IpirangaProdutosDepetroleoSaAndUltracargoMember" xml:lang="en-US" id="label_IpirangaProdutosDepetroleoSaAndUltracargoMember">Ipiranga Produtos DePetroleo SA And Ultracargo [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpirangaProdutosDepetroleoSaAndUltracargoMember" xlink:to="label_IpirangaProdutosDepetroleoSaAndUltracargoMember" xlink:title="Label : IpirangaProdutosDepetroleoSaAndUltracargoMember to label_IpirangaProdutosDepetroleoSaAndUltracargoMember" />
    <link:label xlink:type="resource" xlink:label="label_IpirangaProdutosDepetroleoSaAndUltracargoMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IpirangaProdutosDepetroleoSaAndUltracargoMember_1" xml:lang="en-US" id="label_IpirangaProdutosDepetroleoSaAndUltracargoMember_1">IPP and Ultracargo [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpirangaProdutosDepetroleoSaAndUltracargoMember" xlink:to="label_IpirangaProdutosDepetroleoSaAndUltracargoMember_1" xlink:title="Label : IpirangaProdutosDepetroleoSaAndUltracargoMember to label_IpirangaProdutosDepetroleoSaAndUltracargoMember_1" />
    <link:label xlink:type="resource" xlink:label="label_IpirangaProdutosDepetroleoSaAndUltracargoMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IpirangaProdutosDepetroleoSaAndUltracargoMember_2" xml:lang="en-US" id="label_IpirangaProdutosDepetroleoSaAndUltracargoMember_2">This member stands for the information pertaining to Ipiranga Produtos de Petroleo S.A. (IPP) and Ultracargo.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpirangaProdutosDepetroleoSaAndUltracargoMember" xlink:to="label_IpirangaProdutosDepetroleoSaAndUltracargoMember_2" xlink:title="Label : IpirangaProdutosDepetroleoSaAndUltracargoMember to label_IpirangaProdutosDepetroleoSaAndUltracargoMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AreaPortLeaseMember" xlink:label="AreaPortLeaseMember" xlink:title="AreaPortLeaseMember" />
    <link:label xlink:type="resource" xlink:label="label_AreaPortLeaseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AreaPortLeaseMember" xml:lang="en-US" id="label_AreaPortLeaseMember">Area Port Lease [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AreaPortLeaseMember" xlink:to="label_AreaPortLeaseMember" xlink:title="Label : AreaPortLeaseMember to label_AreaPortLeaseMember" />
    <link:label xlink:type="resource" xlink:label="label_AreaPortLeaseMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AreaPortLeaseMember_1" xml:lang="en-US" id="label_AreaPortLeaseMember_1">Area port lease [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AreaPortLeaseMember" xlink:to="label_AreaPortLeaseMember_1" xlink:title="Label : AreaPortLeaseMember to label_AreaPortLeaseMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AreaPortLeaseMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AreaPortLeaseMember_2" xml:lang="en-US" id="label_AreaPortLeaseMember_2">This member stands for the information pertaining to area port lease.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AreaPortLeaseMember" xlink:to="label_AreaPortLeaseMember_2" xlink:title="Label : AreaPortLeaseMember to label_AreaPortLeaseMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ServiceConcessionArrangementsDomain" xlink:label="ServiceConcessionArrangementsDomain" xlink:title="ServiceConcessionArrangementsDomain" />
    <link:label xlink:type="resource" xlink:label="label_ServiceConcessionArrangementsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ServiceConcessionArrangementsDomain" xml:lang="en-US" id="label_ServiceConcessionArrangementsDomain">Service concession arrangements [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ServiceConcessionArrangementsDomain" xlink:to="label_ServiceConcessionArrangementsDomain" xlink:title="Label : ServiceConcessionArrangementsDomain to label_ServiceConcessionArrangementsDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ServiceConcessionArrangementsAxis" xlink:label="ServiceConcessionArrangementsAxis" xlink:title="ServiceConcessionArrangementsAxis" />
    <link:label xlink:type="resource" xlink:label="label_ServiceConcessionArrangementsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ServiceConcessionArrangementsAxis" xml:lang="en-US" id="label_ServiceConcessionArrangementsAxis">Service concession arrangements [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ServiceConcessionArrangementsAxis" xlink:to="label_ServiceConcessionArrangementsAxis" xlink:title="Label : ServiceConcessionArrangementsAxis to label_ServiceConcessionArrangementsAxis" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ItaquiMember" xlink:label="ItaquiMember" xlink:title="ItaquiMember" />
    <link:label xlink:type="resource" xlink:label="label_ItaquiMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ItaquiMember" xml:lang="en-US" id="label_ItaquiMember">This member stands for the information pertaining to Itaqui.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ItaquiMember" xlink:to="label_ItaquiMember" xlink:title="Label : ItaquiMember to label_ItaquiMember" />
    <link:label xlink:type="resource" xlink:label="label_ItaquiMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ItaquiMember_1" xml:lang="en-US" id="label_ItaquiMember_1">Itaqui [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ItaquiMember" xlink:to="label_ItaquiMember_1" xlink:title="Label : ItaquiMember to label_ItaquiMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ItaquiMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ItaquiMember_2" xml:lang="en-US" id="label_ItaquiMember_2">Itaqui [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ItaquiMember" xlink:to="label_ItaquiMember_2" xlink:title="Label : ItaquiMember to label_ItaquiMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SuapeMember" xlink:label="SuapeMember" xlink:title="SuapeMember" />
    <link:label xlink:type="resource" xlink:label="label_SuapeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SuapeMember" xml:lang="en-US" id="label_SuapeMember">Suape [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SuapeMember" xlink:to="label_SuapeMember" xlink:title="Label : SuapeMember to label_SuapeMember" />
    <link:label xlink:type="resource" xlink:label="label_SuapeMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SuapeMember_1" xml:lang="en-US" id="label_SuapeMember_1">Suape [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SuapeMember" xlink:to="label_SuapeMember_1" xlink:title="Label : SuapeMember to label_SuapeMember_1" />
    <link:label xlink:type="resource" xlink:label="label_SuapeMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SuapeMember_2" xml:lang="en-US" id="label_SuapeMember_2">This member stands for the information pertaining to Suape.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SuapeMember" xlink:to="label_SuapeMember_2" xlink:title="Label : SuapeMember to label_SuapeMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AratuMember" xlink:label="AratuMember" xlink:title="AratuMember" />
    <link:label xlink:type="resource" xlink:label="label_AratuMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AratuMember" xml:lang="en-US" id="label_AratuMember">Aratu [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AratuMember" xlink:to="label_AratuMember" xlink:title="Label : AratuMember to label_AratuMember" />
    <link:label xlink:type="resource" xlink:label="label_AratuMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AratuMember_1" xml:lang="en-US" id="label_AratuMember_1">Aratu [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AratuMember" xlink:to="label_AratuMember_1" xlink:title="Label : AratuMember to label_AratuMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AratuMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AratuMember_2" xml:lang="en-US" id="label_AratuMember_2">This member stands for the information pertaining to Aratu.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AratuMember" xlink:to="label_AratuMember_2" xlink:title="Label : AratuMember to label_AratuMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DirectorsAndOfficersMember" xlink:label="DirectorsAndOfficersMember" xlink:title="DirectorsAndOfficersMember" />
    <link:label xlink:type="resource" xlink:label="label_DirectorsAndOfficersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DirectorsAndOfficersMember" xml:lang="en-US" id="label_DirectorsAndOfficersMember">Directors and Officers [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DirectorsAndOfficersMember" xlink:to="label_DirectorsAndOfficersMember" xlink:title="Label : DirectorsAndOfficersMember to label_DirectorsAndOfficersMember" />
    <link:label xlink:type="resource" xlink:label="label_DirectorsAndOfficersMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DirectorsAndOfficersMember_1" xml:lang="en-US" id="label_DirectorsAndOfficersMember_1">directors and executive officers (D&amp;O) [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DirectorsAndOfficersMember" xlink:to="label_DirectorsAndOfficersMember_1" xlink:title="Label : DirectorsAndOfficersMember to label_DirectorsAndOfficersMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DirectorsAndOfficersMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DirectorsAndOfficersMember_2" xml:lang="en-US" id="label_DirectorsAndOfficersMember_2">This member stands for the information pertaining to directors and officers.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DirectorsAndOfficersMember" xlink:to="label_DirectorsAndOfficersMember_2" xlink:title="Label : DirectorsAndOfficersMember to label_DirectorsAndOfficersMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ThirdPartiesMember" xlink:label="ThirdPartiesMember" xlink:title="ThirdPartiesMember" />
    <link:label xlink:type="resource" xlink:label="label_ThirdPartiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ThirdPartiesMember" xml:lang="en-US" id="label_ThirdPartiesMember">Third parties [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThirdPartiesMember" xlink:to="label_ThirdPartiesMember" xlink:title="Label : ThirdPartiesMember to label_ThirdPartiesMember" />
    <link:label xlink:type="resource" xlink:label="label_ThirdPartiesMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ThirdPartiesMember_1" xml:lang="en-US" id="label_ThirdPartiesMember_1">Third parties [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThirdPartiesMember" xlink:to="label_ThirdPartiesMember_1" xlink:title="Label : ThirdPartiesMember to label_ThirdPartiesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ThirdPartiesMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ThirdPartiesMember_2" xml:lang="en-US" id="label_ThirdPartiesMember_2">This member stands for the information pertaining to third parties.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThirdPartiesMember" xlink:to="label_ThirdPartiesMember_2" xlink:title="Label : ThirdPartiesMember to label_ThirdPartiesMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfCommitmentsAndContingenciesTable" xlink:label="DisclosureOfCommitmentsAndContingenciesTable" xlink:title="DisclosureOfCommitmentsAndContingenciesTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCommitmentsAndContingenciesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfCommitmentsAndContingenciesTable" xml:lang="en-US" id="label_DisclosureOfCommitmentsAndContingenciesTable">Disclosure of commitments and contingencies.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCommitmentsAndContingenciesTable" xlink:to="label_DisclosureOfCommitmentsAndContingenciesTable" xlink:title="Label : DisclosureOfCommitmentsAndContingenciesTable to label_DisclosureOfCommitmentsAndContingenciesTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCommitmentsAndContingenciesTable_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfCommitmentsAndContingenciesTable_1" xml:lang="en-US" id="label_DisclosureOfCommitmentsAndContingenciesTable_1">Disclosure of commitments and contingencies [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCommitmentsAndContingenciesTable" xlink:to="label_DisclosureOfCommitmentsAndContingenciesTable_1" xlink:title="Label : DisclosureOfCommitmentsAndContingenciesTable to label_DisclosureOfCommitmentsAndContingenciesTable_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCommitmentsAndContingenciesTable_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfCommitmentsAndContingenciesTable_2" xml:lang="en-US" id="label_DisclosureOfCommitmentsAndContingenciesTable_2">Disclosure Of Commitments And Contingencies [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCommitmentsAndContingenciesTable" xlink:to="label_DisclosureOfCommitmentsAndContingenciesTable_2" xlink:title="Label : DisclosureOfCommitmentsAndContingenciesTable to label_DisclosureOfCommitmentsAndContingenciesTable_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CargoAgreementMaturity" xlink:label="CargoAgreementMaturity" xlink:title="CargoAgreementMaturity" />
    <link:label xlink:type="resource" xlink:label="label_CargoAgreementMaturity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CargoAgreementMaturity" xml:lang="en-US" id="label_CargoAgreementMaturity">The description of operating lease maturity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CargoAgreementMaturity" xlink:to="label_CargoAgreementMaturity" xlink:title="Label : CargoAgreementMaturity to label_CargoAgreementMaturity" />
    <link:label xlink:type="resource" xlink:label="label_CargoAgreementMaturity_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CargoAgreementMaturity_1" xml:lang="en-US" id="label_CargoAgreementMaturity_1">Maturity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CargoAgreementMaturity" xlink:to="label_CargoAgreementMaturity_1" xlink:title="Label : CargoAgreementMaturity to label_CargoAgreementMaturity_1" />
    <link:label xlink:type="resource" xlink:label="label_CargoAgreementMaturity_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CargoAgreementMaturity_2" xml:lang="en-US" id="label_CargoAgreementMaturity_2">Cargo Agreement Maturity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CargoAgreementMaturity" xlink:to="label_CargoAgreementMaturity_2" xlink:title="Label : CargoAgreementMaturity to label_CargoAgreementMaturity_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MinimumCargoMovementPerYear" xlink:label="MinimumCargoMovementPerYear" xlink:title="MinimumCargoMovementPerYear" />
    <link:label xlink:type="resource" xlink:label="label_MinimumCargoMovementPerYear" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinimumCargoMovementPerYear" xml:lang="en-US" id="label_MinimumCargoMovementPerYear">Minimum cargo movement per year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumCargoMovementPerYear" xlink:to="label_MinimumCargoMovementPerYear" xlink:title="Label : MinimumCargoMovementPerYear to label_MinimumCargoMovementPerYear" />
    <link:label xlink:type="resource" xlink:label="label_MinimumCargoMovementPerYear_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MinimumCargoMovementPerYear_1" xml:lang="en-US" id="label_MinimumCargoMovementPerYear_1">Minimum movement in tons per years</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumCargoMovementPerYear" xlink:to="label_MinimumCargoMovementPerYear_1" xlink:title="Label : MinimumCargoMovementPerYear to label_MinimumCargoMovementPerYear_1" />
    <link:label xlink:type="resource" xlink:label="label_MinimumCargoMovementPerYear_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MinimumCargoMovementPerYear_2" xml:lang="en-US" id="label_MinimumCargoMovementPerYear_2">The description of minimum cargo movement commitment in tons per years.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumCargoMovementPerYear" xlink:to="label_MinimumCargoMovementPerYear_2" xlink:title="Label : MinimumCargoMovementPerYear to label_MinimumCargoMovementPerYear_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CargoPort" xlink:label="CargoPort" xlink:title="CargoPort" />
    <link:label xlink:type="resource" xlink:label="label_CargoPort" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CargoPort" xml:lang="en-US" id="label_CargoPort">Cargo port</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CargoPort" xlink:to="label_CargoPort" xlink:title="Label : CargoPort to label_CargoPort" />
    <link:label xlink:type="resource" xlink:label="label_CargoPort_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CargoPort_1" xml:lang="en-US" id="label_CargoPort_1">Port</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CargoPort" xlink:to="label_CargoPort_1" xlink:title="Label : CargoPort to label_CargoPort_1" />
    <link:label xlink:type="resource" xlink:label="label_CargoPort_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CargoPort_2" xml:lang="en-US" id="label_CargoPort_2">The description of cargo port.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CargoPort" xlink:to="label_CargoPort_2" xlink:title="Label : CargoPort to label_CargoPort_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SummaryOfContractCommitmentsLineItems" xlink:label="SummaryOfContractCommitmentsLineItems" xlink:title="SummaryOfContractCommitmentsLineItems" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfContractCommitmentsLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SummaryOfContractCommitmentsLineItems" xml:lang="en-US" id="label_SummaryOfContractCommitmentsLineItems">Summary of contract commitments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfContractCommitmentsLineItems" xlink:to="label_SummaryOfContractCommitmentsLineItems" xlink:title="Label : SummaryOfContractCommitmentsLineItems to label_SummaryOfContractCommitmentsLineItems" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfContractCommitmentsLineItems_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SummaryOfContractCommitmentsLineItems_1" xml:lang="en-US" id="label_SummaryOfContractCommitmentsLineItems_1">Summary of contract commitments [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfContractCommitmentsLineItems" xlink:to="label_SummaryOfContractCommitmentsLineItems_1" xlink:title="Label : SummaryOfContractCommitmentsLineItems to label_SummaryOfContractCommitmentsLineItems_1" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfContractCommitmentsLineItems_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SummaryOfContractCommitmentsLineItems_2" xml:lang="en-US" id="label_SummaryOfContractCommitmentsLineItems_2">Summary of contract commitments [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfContractCommitmentsLineItems" xlink:to="label_SummaryOfContractCommitmentsLineItems_2" xlink:title="Label : SummaryOfContractCommitmentsLineItems to label_SummaryOfContractCommitmentsLineItems_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CargoContractFiveMember" xlink:label="CargoContractFiveMember" xlink:title="CargoContractFiveMember" />
    <link:label xlink:type="resource" xlink:label="label_CargoContractFiveMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CargoContractFiveMember" xml:lang="en-US" id="label_CargoContractFiveMember">Cargo contract five [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CargoContractFiveMember" xlink:to="label_CargoContractFiveMember" xlink:title="Label : CargoContractFiveMember to label_CargoContractFiveMember" />
    <link:label xlink:type="resource" xlink:label="label_CargoContractFiveMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CargoContractFiveMember_1" xml:lang="en-US" id="label_CargoContractFiveMember_1">This member stands for the information pertaining to cargo contract.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CargoContractFiveMember" xlink:to="label_CargoContractFiveMember_1" xlink:title="Label : CargoContractFiveMember to label_CargoContractFiveMember_1" />
    <link:label xlink:type="resource" xlink:label="label_CargoContractFiveMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CargoContractFiveMember_2" xml:lang="en-US" id="label_CargoContractFiveMember_2">Cargo contract five [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CargoContractFiveMember" xlink:to="label_CargoContractFiveMember_2" xlink:title="Label : CargoContractFiveMember to label_CargoContractFiveMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CargoContractFourMember" xlink:label="CargoContractFourMember" xlink:title="CargoContractFourMember" />
    <link:label xlink:type="resource" xlink:label="label_CargoContractFourMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CargoContractFourMember" xml:lang="en-US" id="label_CargoContractFourMember">Cargo contract four [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CargoContractFourMember" xlink:to="label_CargoContractFourMember" xlink:title="Label : CargoContractFourMember to label_CargoContractFourMember" />
    <link:label xlink:type="resource" xlink:label="label_CargoContractFourMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CargoContractFourMember_1" xml:lang="en-US" id="label_CargoContractFourMember_1">Cargo contract four [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CargoContractFourMember" xlink:to="label_CargoContractFourMember_1" xlink:title="Label : CargoContractFourMember to label_CargoContractFourMember_1" />
    <link:label xlink:type="resource" xlink:label="label_CargoContractFourMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CargoContractFourMember_2" xml:lang="en-US" id="label_CargoContractFourMember_2">This member stands for the information pertaining to cargo contract.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CargoContractFourMember" xlink:to="label_CargoContractFourMember_2" xlink:title="Label : CargoContractFourMember to label_CargoContractFourMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CargoContractThreeMember" xlink:label="CargoContractThreeMember" xlink:title="CargoContractThreeMember" />
    <link:label xlink:type="resource" xlink:label="label_CargoContractThreeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CargoContractThreeMember" xml:lang="en-US" id="label_CargoContractThreeMember">Cargo contract three [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CargoContractThreeMember" xlink:to="label_CargoContractThreeMember" xlink:title="Label : CargoContractThreeMember to label_CargoContractThreeMember" />
    <link:label xlink:type="resource" xlink:label="label_CargoContractThreeMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CargoContractThreeMember_1" xml:lang="en-US" id="label_CargoContractThreeMember_1">Cargo contract three [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CargoContractThreeMember" xlink:to="label_CargoContractThreeMember_1" xlink:title="Label : CargoContractThreeMember to label_CargoContractThreeMember_1" />
    <link:label xlink:type="resource" xlink:label="label_CargoContractThreeMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CargoContractThreeMember_2" xml:lang="en-US" id="label_CargoContractThreeMember_2">This member stands for the information pertaining to cargo contract.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CargoContractThreeMember" xlink:to="label_CargoContractThreeMember_2" xlink:title="Label : CargoContractThreeMember to label_CargoContractThreeMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CargoContractTwoMember" xlink:label="CargoContractTwoMember" xlink:title="CargoContractTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_CargoContractTwoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CargoContractTwoMember" xml:lang="en-US" id="label_CargoContractTwoMember">Cargo contract two [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CargoContractTwoMember" xlink:to="label_CargoContractTwoMember" xlink:title="Label : CargoContractTwoMember to label_CargoContractTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_CargoContractTwoMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CargoContractTwoMember_1" xml:lang="en-US" id="label_CargoContractTwoMember_1">Cargo contract two [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CargoContractTwoMember" xlink:to="label_CargoContractTwoMember_1" xlink:title="Label : CargoContractTwoMember to label_CargoContractTwoMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory_1" xml:lang="en-US" id="label_DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory_1">Investments in subsidiaries, joint ventures and associates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory" xlink:to="label_DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory_1" xlink:title="Label : DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory to label_DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory_1" />
    <link:label xlink:type="resource" xlink:label="label_CargoContractTwoMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CargoContractTwoMember_2" xml:lang="en-US" id="label_CargoContractTwoMember_2">This member stands for the information pertaining to cargo contract.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CargoContractTwoMember" xlink:to="label_CargoContractTwoMember_2" xlink:title="Label : CargoContractTwoMember to label_CargoContractTwoMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CargoContractOneMember" xlink:label="CargoContractOneMember" xlink:title="CargoContractOneMember" />
    <link:label xlink:type="resource" xlink:label="label_CargoContractOneMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CargoContractOneMember" xml:lang="en-US" id="label_CargoContractOneMember">Cargo contract one [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CargoContractOneMember" xlink:to="label_CargoContractOneMember" xlink:title="Label : CargoContractOneMember to label_CargoContractOneMember" />
    <link:label xlink:type="resource" xlink:label="label_CargoContractOneMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CargoContractOneMember_1" xml:lang="en-US" id="label_CargoContractOneMember_1">Cargo contract one [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CargoContractOneMember" xlink:to="label_CargoContractOneMember_1" xlink:title="Label : CargoContractOneMember to label_CargoContractOneMember_1" />
    <link:label xlink:type="resource" xlink:label="label_CargoContractOneMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CargoContractOneMember_2" xml:lang="en-US" id="label_CargoContractOneMember_2">This member stands for the information pertaining to cargo contract.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CargoContractOneMember" xlink:to="label_CargoContractOneMember_2" xlink:title="Label : CargoContractOneMember to label_CargoContractOneMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TypesOfContractsDomain" xlink:label="TypesOfContractsDomain" xlink:title="TypesOfContractsDomain" />
    <link:label xlink:type="resource" xlink:label="label_TypesOfContractsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TypesOfContractsDomain" xml:lang="en-US" id="label_TypesOfContractsDomain">Types of contracts [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TypesOfContractsDomain" xlink:to="label_TypesOfContractsDomain" xlink:title="Label : TypesOfContractsDomain to label_TypesOfContractsDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TypesOfContractsAxis" xlink:label="TypesOfContractsAxis" xlink:title="TypesOfContractsAxis" />
    <link:label xlink:type="resource" xlink:label="label_TypesOfContractsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TypesOfContractsAxis" xml:lang="en-US" id="label_TypesOfContractsAxis">Types of contracts [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TypesOfContractsAxis" xlink:to="label_TypesOfContractsAxis" xlink:title="Label : TypesOfContractsAxis to label_TypesOfContractsAxis" />
    <link:label xlink:type="resource" xlink:label="label_TypesOfContractsAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TypesOfContractsAxis_1" xml:lang="en-US" id="label_TypesOfContractsAxis_1">Types of contracts [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TypesOfContractsAxis" xlink:to="label_TypesOfContractsAxis_1" xlink:title="Label : TypesOfContractsAxis to label_TypesOfContractsAxis_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CommitmentsTable" xlink:label="CommitmentsTable" xlink:title="CommitmentsTable" />
    <link:label xlink:type="resource" xlink:label="label_CommitmentsTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CommitmentsTable" xml:lang="en-US" id="label_CommitmentsTable">Commitments [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommitmentsTable" xlink:to="label_CommitmentsTable" xlink:title="Label : CommitmentsTable to label_CommitmentsTable" />
    <link:label xlink:type="resource" xlink:label="label_CommitmentsTable_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CommitmentsTable_1" xml:lang="en-US" id="label_CommitmentsTable_1">Commitments [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommitmentsTable" xlink:to="label_CommitmentsTable_1" xlink:title="Label : CommitmentsTable to label_CommitmentsTable_1" />
    <link:label xlink:type="resource" xlink:label="label_CommitmentsTable_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommitmentsTable_2" xml:lang="en-US" id="label_CommitmentsTable_2">Commitments [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommitmentsTable" xlink:to="label_CommitmentsTable_2" xlink:title="Label : CommitmentsTable to label_CommitmentsTable_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FinancialLiabilitiesAtFairValue" xlink:label="FinancialLiabilitiesAtFairValue" xlink:title="FinancialLiabilitiesAtFairValue" />
    <link:label xlink:type="resource" xlink:label="label_FinancialLiabilitiesAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialLiabilitiesAtFairValue" xml:lang="en-US" id="label_FinancialLiabilitiesAtFairValue">Financial liabilities, at fair value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesAtFairValue" xlink:to="label_FinancialLiabilitiesAtFairValue" xlink:title="Label : FinancialLiabilitiesAtFairValue to label_FinancialLiabilitiesAtFairValue" />
    <link:label xlink:type="resource" xlink:label="label_FinancialLiabilitiesAtFairValue_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinancialLiabilitiesAtFairValue_1" xml:lang="en-US" id="label_FinancialLiabilitiesAtFairValue_1">Financial liabilities, fair value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesAtFairValue" xlink:to="label_FinancialLiabilitiesAtFairValue_1" xlink:title="Label : FinancialLiabilitiesAtFairValue to label_FinancialLiabilitiesAtFairValue_1" />
    <link:label xlink:type="resource" xlink:label="label_FinancialLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinancialLiabilities_2" xml:lang="en-US" id="label_FinancialLiabilities_2">Financial liabilities, carrying value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilities" xlink:to="label_FinancialLiabilities_2" xlink:title="Label : FinancialLiabilities to label_FinancialLiabilities_2" />
    <link:label xlink:type="resource" xlink:label="label_FinancialLiabilities_3" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_FinancialLiabilities_3" xml:lang="en-US" id="label_FinancialLiabilities_3">Ending balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilities" xlink:to="label_FinancialLiabilities_3" xlink:title="Label : FinancialLiabilities to label_FinancialLiabilities_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FinancialAssetsAtFairValue" xlink:label="FinancialAssetsAtFairValue" xlink:title="FinancialAssetsAtFairValue" />
    <link:label xlink:type="resource" xlink:label="label_FinancialAssetsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialAssetsAtFairValue" xml:lang="en-US" id="label_FinancialAssetsAtFairValue">Financial assets, at fair value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialAssetsAtFairValue" xlink:to="label_FinancialAssetsAtFairValue" xlink:title="Label : FinancialAssetsAtFairValue to label_FinancialAssetsAtFairValue" />
    <link:label xlink:type="resource" xlink:label="label_FinancialAssetsAtFairValue_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinancialAssetsAtFairValue_1" xml:lang="en-US" id="label_FinancialAssetsAtFairValue_1">Financial assets, fair value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialAssetsAtFairValue" xlink:to="label_FinancialAssetsAtFairValue_1" xlink:title="Label : FinancialAssetsAtFairValue to label_FinancialAssetsAtFairValue_1" />
    <link:label xlink:type="resource" xlink:label="label_FinancialAssetsAtFairValue_2" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_FinancialAssetsAtFairValue_2" xml:lang="en-US" id="label_FinancialAssetsAtFairValue_2">Financial assets, fair value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialAssetsAtFairValue" xlink:to="label_FinancialAssetsAtFairValue_2" xlink:title="Label : FinancialAssetsAtFairValue to label_FinancialAssetsAtFairValue_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FinancialAssets" xlink:label="FinancialAssets" xlink:title="FinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_FinancialAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FinancialAssets" xml:lang="en-US" id="label_FinancialAssets">Financial assets, carrying value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialAssets" xlink:to="label_FinancialAssets" xlink:title="Label : FinancialAssets to label_FinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_FinancialAssets_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialAssets_1" xml:lang="en-US" id="label_FinancialAssets_1">Financial assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialAssets" xlink:to="label_FinancialAssets_1" xlink:title="Label : FinancialAssets to label_FinancialAssets_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_Level3OfFairValueHierarchyMember" xlink:label="Level3OfFairValueHierarchyMember" xlink:title="Level3OfFairValueHierarchyMember" />
    <link:label xlink:type="resource" xlink:label="label_Level3OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Level3OfFairValueHierarchyMember" xml:lang="en-US" id="label_Level3OfFairValueHierarchyMember">Level 3 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Level3OfFairValueHierarchyMember" xlink:to="label_Level3OfFairValueHierarchyMember" xlink:title="Label : Level3OfFairValueHierarchyMember to label_Level3OfFairValueHierarchyMember" />
    <link:label xlink:type="resource" xlink:label="label_Level3OfFairValueHierarchyMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Level3OfFairValueHierarchyMember_1" xml:lang="en-US" id="label_Level3OfFairValueHierarchyMember_1">Level 3 of fair value hierarchy [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Level3OfFairValueHierarchyMember" xlink:to="label_Level3OfFairValueHierarchyMember_1" xlink:title="Label : Level3OfFairValueHierarchyMember to label_Level3OfFairValueHierarchyMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_Level2OfFairValueHierarchyMember" xlink:label="Level2OfFairValueHierarchyMember" xlink:title="Level2OfFairValueHierarchyMember" />
    <link:label xlink:type="resource" xlink:label="label_Level2OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Level2OfFairValueHierarchyMember" xml:lang="en-US" id="label_Level2OfFairValueHierarchyMember">Level 2 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Level2OfFairValueHierarchyMember" xlink:to="label_Level2OfFairValueHierarchyMember" xlink:title="Label : Level2OfFairValueHierarchyMember to label_Level2OfFairValueHierarchyMember" />
    <link:label xlink:type="resource" xlink:label="label_Level2OfFairValueHierarchyMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Level2OfFairValueHierarchyMember_1" xml:lang="en-US" id="label_Level2OfFairValueHierarchyMember_1">Level 2 of fair value hierarchy [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Level2OfFairValueHierarchyMember" xlink:to="label_Level2OfFairValueHierarchyMember_1" xlink:title="Label : Level2OfFairValueHierarchyMember to label_Level2OfFairValueHierarchyMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_Level1OfFairValueHierarchyMember" xlink:label="Level1OfFairValueHierarchyMember" xlink:title="Level1OfFairValueHierarchyMember" />
    <link:label xlink:type="resource" xlink:label="label_Level1OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Level1OfFairValueHierarchyMember" xml:lang="en-US" id="label_Level1OfFairValueHierarchyMember">Level 1 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Level1OfFairValueHierarchyMember" xlink:to="label_Level1OfFairValueHierarchyMember" xlink:title="Label : Level1OfFairValueHierarchyMember to label_Level1OfFairValueHierarchyMember" />
    <link:label xlink:type="resource" xlink:label="label_Level1OfFairValueHierarchyMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Level1OfFairValueHierarchyMember_1" xml:lang="en-US" id="label_Level1OfFairValueHierarchyMember_1">Level 1 of fair value hierarchy [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Level1OfFairValueHierarchyMember" xlink:to="label_Level1OfFairValueHierarchyMember_1" xlink:title="Label : Level1OfFairValueHierarchyMember to label_Level1OfFairValueHierarchyMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LevelsOfFairValueHierarchyDomain" xlink:label="LevelsOfFairValueHierarchyDomain" xlink:title="LevelsOfFairValueHierarchyDomain" />
    <link:label xlink:type="resource" xlink:label="label_LevelsOfFairValueHierarchyDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LevelsOfFairValueHierarchyDomain" xml:lang="en-US" id="label_LevelsOfFairValueHierarchyDomain">Levels of fair value hierarchy [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LevelsOfFairValueHierarchyDomain" xlink:to="label_LevelsOfFairValueHierarchyDomain" xlink:title="Label : LevelsOfFairValueHierarchyDomain to label_LevelsOfFairValueHierarchyDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:label="LevelsOfFairValueHierarchyAxis" xlink:title="LevelsOfFairValueHierarchyAxis" />
    <link:label xlink:type="resource" xlink:label="label_LevelsOfFairValueHierarchyAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LevelsOfFairValueHierarchyAxis" xml:lang="en-US" id="label_LevelsOfFairValueHierarchyAxis">Levels of fair value hierarchy [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LevelsOfFairValueHierarchyAxis" xlink:to="label_LevelsOfFairValueHierarchyAxis" xlink:title="Label : LevelsOfFairValueHierarchyAxis to label_LevelsOfFairValueHierarchyAxis" />
    <link:label xlink:type="resource" xlink:label="label_LevelsOfFairValueHierarchyAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LevelsOfFairValueHierarchyAxis_1" xml:lang="en-US" id="label_LevelsOfFairValueHierarchyAxis_1">Levels of fair value hierarchy [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LevelsOfFairValueHierarchyAxis" xlink:to="label_LevelsOfFairValueHierarchyAxis_1" xlink:title="Label : LevelsOfFairValueHierarchyAxis to label_LevelsOfFairValueHierarchyAxis_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember" xlink:label="FinancialLiabilitiesAtAmortisedCostCategoryMember" xlink:title="FinancialLiabilitiesAtAmortisedCostCategoryMember" />
    <link:label xlink:type="resource" xlink:label="label_FinancialLiabilitiesAtAmortisedCostCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialLiabilitiesAtAmortisedCostCategoryMember" xml:lang="en-US" id="label_FinancialLiabilitiesAtAmortisedCostCategoryMember">Financial liabilities at amortised cost, category [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesAtAmortisedCostCategoryMember" xlink:to="label_FinancialLiabilitiesAtAmortisedCostCategoryMember" xlink:title="Label : FinancialLiabilitiesAtAmortisedCostCategoryMember to label_FinancialLiabilitiesAtAmortisedCostCategoryMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CategoriesOfFinancialLiabilitiesDomain" xlink:label="CategoriesOfFinancialLiabilitiesDomain" xlink:title="CategoriesOfFinancialLiabilitiesDomain" />
    <link:label xlink:type="resource" xlink:label="label_CategoriesOfFinancialLiabilitiesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CategoriesOfFinancialLiabilitiesDomain" xml:lang="en-US" id="label_CategoriesOfFinancialLiabilitiesDomain">Categories of financial liabilities [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CategoriesOfFinancialLiabilitiesDomain" xlink:to="label_CategoriesOfFinancialLiabilitiesDomain" xlink:title="Label : CategoriesOfFinancialLiabilitiesDomain to label_CategoriesOfFinancialLiabilitiesDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CategoriesOfFinancialLiabilitiesAxis" xlink:label="CategoriesOfFinancialLiabilitiesAxis" xlink:title="CategoriesOfFinancialLiabilitiesAxis" />
    <link:label xlink:type="resource" xlink:label="label_CategoriesOfFinancialLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CategoriesOfFinancialLiabilitiesAxis" xml:lang="en-US" id="label_CategoriesOfFinancialLiabilitiesAxis">Categories of financial liabilities [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CategoriesOfFinancialLiabilitiesAxis" xlink:to="label_CategoriesOfFinancialLiabilitiesAxis" xlink:title="Label : CategoriesOfFinancialLiabilitiesAxis to label_CategoriesOfFinancialLiabilitiesAxis" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OtherPayablesMember" xlink:label="OtherPayablesMember" xlink:title="OtherPayablesMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherPayablesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherPayablesMember" xml:lang="en-US" id="label_OtherPayablesMember">Other Payables [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherPayablesMember" xlink:to="label_OtherPayablesMember" xlink:title="Label : OtherPayablesMember to label_OtherPayablesMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherPayablesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherPayablesMember_1" xml:lang="en-US" id="label_OtherPayablesMember_1">This member stands for the information pertaining to "Other payables".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherPayablesMember" xlink:to="label_OtherPayablesMember_1" xlink:title="Label : OtherPayablesMember to label_OtherPayablesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherPayablesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherPayablesMember_2" xml:lang="en-US" id="label_OtherPayablesMember_2">Other payables [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherPayablesMember" xlink:to="label_OtherPayablesMember_2" xlink:title="Label : OtherPayablesMember to label_OtherPayablesMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ContingentConsiderationMember" xlink:label="ContingentConsiderationMember" xlink:title="ContingentConsiderationMember" />
    <link:label xlink:type="resource" xlink:label="label_ContingentConsiderationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContingentConsiderationMember" xml:lang="en-US" id="label_ContingentConsiderationMember">Contingent consideration [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentConsiderationMember" xlink:to="label_ContingentConsiderationMember" xlink:title="Label : ContingentConsiderationMember to label_ContingentConsiderationMember" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FinancialLiabilitiesOfCustomersMember" xlink:label="FinancialLiabilitiesOfCustomersMember" xlink:title="FinancialLiabilitiesOfCustomersMember" />
    <link:label xlink:type="resource" xlink:label="label_FinancialLiabilitiesOfCustomersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialLiabilitiesOfCustomersMember" xml:lang="en-US" id="label_FinancialLiabilitiesOfCustomersMember">Financial liabilities of customers [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesOfCustomersMember" xlink:to="label_FinancialLiabilitiesOfCustomersMember" xlink:title="Label : FinancialLiabilitiesOfCustomersMember to label_FinancialLiabilitiesOfCustomersMember" />
    <link:label xlink:type="resource" xlink:label="label_FinancialLiabilitiesOfCustomersMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FinancialLiabilitiesOfCustomersMember_1" xml:lang="en-US" id="label_FinancialLiabilitiesOfCustomersMember_1">This member stands for the information pertaining to "Financial liabilities of customers".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesOfCustomersMember" xlink:to="label_FinancialLiabilitiesOfCustomersMember_1" xlink:title="Label : FinancialLiabilitiesOfCustomersMember to label_FinancialLiabilitiesOfCustomersMember_1" />
    <link:label xlink:type="resource" xlink:label="label_FinancialLiabilitiesOfCustomersMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinancialLiabilitiesOfCustomersMember_2" xml:lang="en-US" id="label_FinancialLiabilitiesOfCustomersMember_2">Financial liabilities of customers [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesOfCustomersMember" xlink:to="label_FinancialLiabilitiesOfCustomersMember_2" xlink:title="Label : FinancialLiabilitiesOfCustomersMember to label_FinancialLiabilitiesOfCustomersMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SubscriptionWarrantsIndemnificationMember" xlink:label="SubscriptionWarrantsIndemnificationMember" xlink:title="SubscriptionWarrantsIndemnificationMember" />
    <link:label xlink:type="resource" xlink:label="label_SubscriptionWarrantsIndemnificationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SubscriptionWarrantsIndemnificationMember" xml:lang="en-US" id="label_SubscriptionWarrantsIndemnificationMember">This member stands for the information pertaining to subscription warrants indemnification.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubscriptionWarrantsIndemnificationMember" xlink:to="label_SubscriptionWarrantsIndemnificationMember" xlink:title="Label : SubscriptionWarrantsIndemnificationMember to label_SubscriptionWarrantsIndemnificationMember" />
    <link:label xlink:type="resource" xlink:label="label_SubscriptionWarrantsIndemnificationMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SubscriptionWarrantsIndemnificationMember_1" xml:lang="en-US" id="label_SubscriptionWarrantsIndemnificationMember_1">Subscription warrant &#x2013; indemnification [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubscriptionWarrantsIndemnificationMember" xlink:to="label_SubscriptionWarrantsIndemnificationMember_1" xlink:title="Label : SubscriptionWarrantsIndemnificationMember to label_SubscriptionWarrantsIndemnificationMember_1" />
    <link:label xlink:type="resource" xlink:label="label_SubscriptionWarrantsIndemnificationMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubscriptionWarrantsIndemnificationMember_2" xml:lang="en-US" id="label_SubscriptionWarrantsIndemnificationMember_2">Subscription warrants indemnification [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubscriptionWarrantsIndemnificationMember" xlink:to="label_SubscriptionWarrantsIndemnificationMember_2" xlink:title="Label : SubscriptionWarrantsIndemnificationMember to label_SubscriptionWarrantsIndemnificationMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TradePayablesReverseFactoringMember" xlink:label="TradePayablesReverseFactoringMember" xlink:title="TradePayablesReverseFactoringMember" />
    <link:label xlink:type="resource" xlink:label="label_TradePayablesReverseFactoringMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradePayablesReverseFactoringMember" xml:lang="en-US" id="label_TradePayablesReverseFactoringMember">Trade payables &#x2013; reverse factoring [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayablesReverseFactoringMember" xlink:to="label_TradePayablesReverseFactoringMember" xlink:title="Label : TradePayablesReverseFactoringMember to label_TradePayablesReverseFactoringMember" />
    <link:label xlink:type="resource" xlink:label="label_TradePayablesReverseFactoringMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TradePayablesReverseFactoringMember_1" xml:lang="en-US" id="label_TradePayablesReverseFactoringMember_1">This member stands for the information pertaining to "Trade payables &#x2013; reverse factoring".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayablesReverseFactoringMember" xlink:to="label_TradePayablesReverseFactoringMember_1" xlink:title="Label : TradePayablesReverseFactoringMember to label_TradePayablesReverseFactoringMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TradePayablesReverseFactoringMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradePayablesReverseFactoringMember_2" xml:lang="en-US" id="label_TradePayablesReverseFactoringMember_2">Trade payables &#x2013; reverse factoring [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayablesReverseFactoringMember" xlink:to="label_TradePayablesReverseFactoringMember_2" xlink:title="Label : TradePayablesReverseFactoringMember to label_TradePayablesReverseFactoringMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TradePayableMember" xlink:label="TradePayableMember" xlink:title="TradePayableMember" />
    <link:label xlink:type="resource" xlink:label="label_TradePayableMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TradePayableMember" xml:lang="en-US" id="label_TradePayableMember">This member stands for the information pertaining to trade payables.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayableMember" xlink:to="label_TradePayableMember" xlink:title="Label : TradePayableMember to label_TradePayableMember" />
    <link:label xlink:type="resource" xlink:label="label_TradePayableMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradePayableMember_1" xml:lang="en-US" id="label_TradePayableMember_1">Trade Payable [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayableMember" xlink:to="label_TradePayableMember_1" xlink:title="Label : TradePayableMember to label_TradePayableMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TradePayableMember_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_TradePayableMember_2" xml:lang="en-US" id="label_TradePayableMember_2">Trade payables [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayableMember" xlink:to="label_TradePayableMember_2" xlink:title="Label : TradePayableMember to label_TradePayableMember_2" />
    <link:label xlink:type="resource" xlink:label="label_TradePayableMember_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradePayableMember_3" xml:lang="en-US" id="label_TradePayableMember_3">Trade Payable [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayableMember" xlink:to="label_TradePayableMember_3" xlink:title="Label : TradePayableMember to label_TradePayableMember_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LoanFinancingLiabilitiesMember" xlink:label="LoanFinancingLiabilitiesMember" xlink:title="LoanFinancingLiabilitiesMember" />
    <link:label xlink:type="resource" xlink:label="label_LoanFinancingLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LoanFinancingLiabilitiesMember" xml:lang="en-US" id="label_LoanFinancingLiabilitiesMember">Financing [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanFinancingLiabilitiesMember" xlink:to="label_LoanFinancingLiabilitiesMember" xlink:title="Label : LoanFinancingLiabilitiesMember to label_LoanFinancingLiabilitiesMember" />
    <link:label xlink:type="resource" xlink:label="label_LoanFinancingLiabilitiesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LoanFinancingLiabilitiesMember_1" xml:lang="en-US" id="label_LoanFinancingLiabilitiesMember_1">This member stands for the information pertaining to "Loan financing liabilities".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanFinancingLiabilitiesMember" xlink:to="label_LoanFinancingLiabilitiesMember_1" xlink:title="Label : LoanFinancingLiabilitiesMember to label_LoanFinancingLiabilitiesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_LoanFinancingLiabilitiesMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoanFinancingLiabilitiesMember_2" xml:lang="en-US" id="label_LoanFinancingLiabilitiesMember_2">Loan financing liabilities [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanFinancingLiabilitiesMember" xlink:to="label_LoanFinancingLiabilitiesMember_2" xlink:title="Label : LoanFinancingLiabilitiesMember to label_LoanFinancingLiabilitiesMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ReceivablesFromSaleOfInvestmentsMember" xlink:label="ReceivablesFromSaleOfInvestmentsMember" xlink:title="ReceivablesFromSaleOfInvestmentsMember" />
    <link:label xlink:type="resource" xlink:label="label_ReceivablesFromSaleOfInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReceivablesFromSaleOfInvestmentsMember" xml:lang="en-US" id="label_ReceivablesFromSaleOfInvestmentsMember">Receivables from sale of investments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReceivablesFromSaleOfInvestmentsMember" xlink:to="label_ReceivablesFromSaleOfInvestmentsMember" xlink:title="Label : ReceivablesFromSaleOfInvestmentsMember to label_ReceivablesFromSaleOfInvestmentsMember" />
    <link:label xlink:type="resource" xlink:label="label_ReceivablesFromSaleOfInvestmentsMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReceivablesFromSaleOfInvestmentsMember_1" xml:lang="en-US" id="label_ReceivablesFromSaleOfInvestmentsMember_1">This member stands for the information pertaining to "Receivables from sale of investments".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReceivablesFromSaleOfInvestmentsMember" xlink:to="label_ReceivablesFromSaleOfInvestmentsMember_1" xlink:title="Label : ReceivablesFromSaleOfInvestmentsMember to label_ReceivablesFromSaleOfInvestmentsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ReceivablesFromSaleOfInvestmentsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReceivablesFromSaleOfInvestmentsMember_2" xml:lang="en-US" id="label_ReceivablesFromSaleOfInvestmentsMember_2">Trade receivables - sale of subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReceivablesFromSaleOfInvestmentsMember" xlink:to="label_ReceivablesFromSaleOfInvestmentsMember_2" xlink:title="Label : ReceivablesFromSaleOfInvestmentsMember to label_ReceivablesFromSaleOfInvestmentsMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ResellerFinancingMember" xlink:label="ResellerFinancingMember" xlink:title="ResellerFinancingMember" />
    <link:label xlink:type="resource" xlink:label="label_ResellerFinancingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ResellerFinancingMember" xml:lang="en-US" id="label_ResellerFinancingMember">Reseller Financing [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ResellerFinancingMember" xlink:to="label_ResellerFinancingMember" xlink:title="Label : ResellerFinancingMember to label_ResellerFinancingMember" />
    <link:label xlink:type="resource" xlink:label="label_ResellerFinancingMember_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ResellerFinancingMember_1" xml:lang="en-US" id="label_ResellerFinancingMember_1">Reseller financing [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ResellerFinancingMember" xlink:to="label_ResellerFinancingMember_1" xlink:title="Label : ResellerFinancingMember to label_ResellerFinancingMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ResellerFinancingMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ResellerFinancingMember_2" xml:lang="en-US" id="label_ResellerFinancingMember_2">Reseller Financing [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ResellerFinancingMember" xlink:to="label_ResellerFinancingMember_2" xlink:title="Label : ResellerFinancingMember to label_ResellerFinancingMember_2" />
    <link:label xlink:type="resource" xlink:label="label_ResellerFinancingMember_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ResellerFinancingMember_3" xml:lang="en-US" id="label_ResellerFinancingMember_3">This member stands for the information pertaining to reseller financing.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ResellerFinancingMember" xlink:to="label_ResellerFinancingMember_3" xlink:title="Label : ResellerFinancingMember to label_ResellerFinancingMember_3" />
    <link:label xlink:type="resource" xlink:label="label_DerivativeFinancialInstrumentsAndOtherFinancialAssetsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DerivativeFinancialInstrumentsAndOtherFinancialAssetsMember_1" xml:lang="en-US" id="label_DerivativeFinancialInstrumentsAndOtherFinancialAssetsMember_1">Derivative instruments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeFinancialInstrumentsAndOtherFinancialAssetsMember" xlink:to="label_DerivativeFinancialInstrumentsAndOtherFinancialAssetsMember_1" xlink:title="Label : DerivativeFinancialInstrumentsAndOtherFinancialAssetsMember to label_DerivativeFinancialInstrumentsAndOtherFinancialAssetsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DerivativeFinancialInstrumentsAndOtherFinancialAssetsMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DerivativeFinancialInstrumentsAndOtherFinancialAssetsMember_2" xml:lang="en-US" id="label_DerivativeFinancialInstrumentsAndOtherFinancialAssetsMember_2">Derivative Financial Instruments and Other Financial Assets [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeFinancialInstrumentsAndOtherFinancialAssetsMember" xlink:to="label_DerivativeFinancialInstrumentsAndOtherFinancialAssetsMember_2" xlink:title="Label : DerivativeFinancialInstrumentsAndOtherFinancialAssetsMember to label_DerivativeFinancialInstrumentsAndOtherFinancialAssetsMember_2" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsSecuritiesAndFundsInLocalCurrencyMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialInvestmentsSecuritiesAndFundsInLocalCurrencyMember_1" xml:lang="en-US" id="label_FinancialInvestmentsSecuritiesAndFundsInLocalCurrencyMember_1">Financial Investments, Securities and Funds in Local Currency [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsSecuritiesAndFundsInLocalCurrencyMember" xlink:to="label_FinancialInvestmentsSecuritiesAndFundsInLocalCurrencyMember_1" xlink:title="Label : FinancialInvestmentsSecuritiesAndFundsInLocalCurrencyMember to label_FinancialInvestmentsSecuritiesAndFundsInLocalCurrencyMember_1" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsSecuritiesAndFundsInLocalCurrencyMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinancialInvestmentsSecuritiesAndFundsInLocalCurrencyMember_2" xml:lang="en-US" id="label_FinancialInvestmentsSecuritiesAndFundsInLocalCurrencyMember_2">Financial investments, Securities and funds in local currency [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsSecuritiesAndFundsInLocalCurrencyMember" xlink:to="label_FinancialInvestmentsSecuritiesAndFundsInLocalCurrencyMember_2" xlink:title="Label : FinancialInvestmentsSecuritiesAndFundsInLocalCurrencyMember to label_FinancialInvestmentsSecuritiesAndFundsInLocalCurrencyMember_2" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalentsSecuritiesAndFundsInLocalCurrencyMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAndCashEquivalentsSecuritiesAndFundsInLocalCurrencyMember_2" xml:lang="en-US" id="label_CashAndCashEquivalentsSecuritiesAndFundsInLocalCurrencyMember_2">Cash and Cash Equivalents, Securities and Funds in Local Currency [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsSecuritiesAndFundsInLocalCurrencyMember" xlink:to="label_CashAndCashEquivalentsSecuritiesAndFundsInLocalCurrencyMember_2" xlink:title="Label : CashAndCashEquivalentsSecuritiesAndFundsInLocalCurrencyMember to label_CashAndCashEquivalentsSecuritiesAndFundsInLocalCurrencyMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CashAndBankDepositsMember" xlink:label="CashAndBankDepositsMember" xlink:title="CashAndBankDepositsMember" />
    <link:label xlink:type="resource" xlink:label="label_CashAndBankDepositsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CashAndBankDepositsMember" xml:lang="en-US" id="label_CashAndBankDepositsMember">This member stands for the information pertaining to cash and bank deposits.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndBankDepositsMember" xlink:to="label_CashAndBankDepositsMember" xlink:title="Label : CashAndBankDepositsMember to label_CashAndBankDepositsMember" />
    <link:label xlink:type="resource" xlink:label="label_CashAndBankDepositsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashAndBankDepositsMember_1" xml:lang="en-US" id="label_CashAndBankDepositsMember_1">Cash and bank [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndBankDepositsMember" xlink:to="label_CashAndBankDepositsMember_1" xlink:title="Label : CashAndBankDepositsMember to label_CashAndBankDepositsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_CashAndBankDepositsMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAndBankDepositsMember_2" xml:lang="en-US" id="label_CashAndBankDepositsMember_2">Cash and bank deposits [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndBankDepositsMember" xlink:to="label_CashAndBankDepositsMember_2" xlink:title="Label : CashAndBankDepositsMember to label_CashAndBankDepositsMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember" xlink:label="FinancialAssetsAtAmortisedCostCategoryMember" xlink:title="FinancialAssetsAtAmortisedCostCategoryMember" />
    <link:label xlink:type="resource" xlink:label="label_FinancialAssetsAtAmortisedCostCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialAssetsAtAmortisedCostCategoryMember" xml:lang="en-US" id="label_FinancialAssetsAtAmortisedCostCategoryMember">Financial assets at amortised cost, category [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialAssetsAtAmortisedCostCategoryMember" xlink:to="label_FinancialAssetsAtAmortisedCostCategoryMember" xlink:title="Label : FinancialAssetsAtAmortisedCostCategoryMember to label_FinancialAssetsAtAmortisedCostCategoryMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CategoriesOfFinancialAssetsDomain" xlink:label="CategoriesOfFinancialAssetsDomain" xlink:title="CategoriesOfFinancialAssetsDomain" />
    <link:label xlink:type="resource" xlink:label="label_CategoriesOfFinancialAssetsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CategoriesOfFinancialAssetsDomain" xml:lang="en-US" id="label_CategoriesOfFinancialAssetsDomain">Categories of financial assets [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CategoriesOfFinancialAssetsDomain" xlink:to="label_CategoriesOfFinancialAssetsDomain" xlink:title="Label : CategoriesOfFinancialAssetsDomain to label_CategoriesOfFinancialAssetsDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:label="CategoriesOfFinancialAssetsAxis" xlink:title="CategoriesOfFinancialAssetsAxis" />
    <link:label xlink:type="resource" xlink:label="label_CategoriesOfFinancialAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CategoriesOfFinancialAssetsAxis" xml:lang="en-US" id="label_CategoriesOfFinancialAssetsAxis">Categories of financial assets [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CategoriesOfFinancialAssetsAxis" xlink:to="label_CategoriesOfFinancialAssetsAxis" xlink:title="Label : CategoriesOfFinancialAssetsAxis to label_CategoriesOfFinancialAssetsAxis" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_GainLossRelatedToFairValueAdjustmentOfInventories" xlink:label="GainLossRelatedToFairValueAdjustmentOfInventories" xlink:title="GainLossRelatedToFairValueAdjustmentOfInventories" />
    <link:label xlink:type="resource" xlink:label="label_GainLossRelatedToFairValueAdjustmentOfInventories" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GainLossRelatedToFairValueAdjustmentOfInventories" xml:lang="en-US" id="label_GainLossRelatedToFairValueAdjustmentOfInventories">The amount of gain (loss) related to fair value adjustment of inventories.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossRelatedToFairValueAdjustmentOfInventories" xlink:to="label_GainLossRelatedToFairValueAdjustmentOfInventories" xlink:title="Label : GainLossRelatedToFairValueAdjustmentOfInventories to label_GainLossRelatedToFairValueAdjustmentOfInventories" />
    <link:label xlink:type="resource" xlink:label="label_GainLossRelatedToFairValueAdjustmentOfInventories_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainLossRelatedToFairValueAdjustmentOfInventories_1" xml:lang="en-US" id="label_GainLossRelatedToFairValueAdjustmentOfInventories_1">Gain (Loss) Related to Fair Value Adjustment of Inventories</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossRelatedToFairValueAdjustmentOfInventories" xlink:to="label_GainLossRelatedToFairValueAdjustmentOfInventories_1" xlink:title="Label : GainLossRelatedToFairValueAdjustmentOfInventories to label_GainLossRelatedToFairValueAdjustmentOfInventories_1" />
    <link:label xlink:type="resource" xlink:label="label_GainLossRelatedToFairValueAdjustmentOfInventories_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainLossRelatedToFairValueAdjustmentOfInventories_2" xml:lang="en-US" id="label_GainLossRelatedToFairValueAdjustmentOfInventories_2">Adjustment of inventory fair value - US$</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossRelatedToFairValueAdjustmentOfInventories" xlink:to="label_GainLossRelatedToFairValueAdjustmentOfInventories_2" xlink:title="Label : GainLossRelatedToFairValueAdjustmentOfInventories to label_GainLossRelatedToFairValueAdjustmentOfInventories_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PercentageOfAverageEffectiveCost" xlink:label="PercentageOfAverageEffectiveCost" xlink:title="PercentageOfAverageEffectiveCost" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfAverageEffectiveCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PercentageOfAverageEffectiveCost" xml:lang="en-US" id="label_PercentageOfAverageEffectiveCost">Percentage Of Average Effective Cost</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfAverageEffectiveCost" xlink:to="label_PercentageOfAverageEffectiveCost" xlink:title="Label : PercentageOfAverageEffectiveCost to label_PercentageOfAverageEffectiveCost" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfAverageEffectiveCost_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentageOfAverageEffectiveCost_1" xml:lang="en-US" id="label_PercentageOfAverageEffectiveCost_1">Average effective cost - DI %</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfAverageEffectiveCost" xlink:to="label_PercentageOfAverageEffectiveCost_1" xlink:title="Label : PercentageOfAverageEffectiveCost to label_PercentageOfAverageEffectiveCost_1" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfAverageEffectiveCost_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PercentageOfAverageEffectiveCost_2" xml:lang="en-US" id="label_PercentageOfAverageEffectiveCost_2">The percentage of average effective cost of hedging instruments designated as fair value hedge.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfAverageEffectiveCost" xlink:to="label_PercentageOfAverageEffectiveCost_2" xlink:title="Label : PercentageOfAverageEffectiveCost to label_PercentageOfAverageEffectiveCost_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_GainLossRelatedToFairValueAdjustmentOfDebt" xlink:label="GainLossRelatedToFairValueAdjustmentOfDebt" xlink:title="GainLossRelatedToFairValueAdjustmentOfDebt" />
    <link:label xlink:type="resource" xlink:label="label_GainLossRelatedToFairValueAdjustmentOfDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainLossRelatedToFairValueAdjustmentOfDebt" xml:lang="en-US" id="label_GainLossRelatedToFairValueAdjustmentOfDebt">Gain Loss Related To Fair Value Adjustment Of Debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossRelatedToFairValueAdjustmentOfDebt" xlink:to="label_GainLossRelatedToFairValueAdjustmentOfDebt" xlink:title="Label : GainLossRelatedToFairValueAdjustmentOfDebt to label_GainLossRelatedToFairValueAdjustmentOfDebt" />
    <link:label xlink:type="resource" xlink:label="label_GainLossRelatedToFairValueAdjustmentOfDebt_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainLossRelatedToFairValueAdjustmentOfDebt_1" xml:lang="en-US" id="label_GainLossRelatedToFairValueAdjustmentOfDebt_1">Fair value adjustment of debt - R$</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossRelatedToFairValueAdjustmentOfDebt" xlink:to="label_GainLossRelatedToFairValueAdjustmentOfDebt_1" xlink:title="Label : GainLossRelatedToFairValueAdjustmentOfDebt to label_GainLossRelatedToFairValueAdjustmentOfDebt_1" />
    <link:label xlink:type="resource" xlink:label="label_GainLossRelatedToFairValueAdjustmentOfDebt_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GainLossRelatedToFairValueAdjustmentOfDebt_2" xml:lang="en-US" id="label_GainLossRelatedToFairValueAdjustmentOfDebt_2">The amount of gain (loss) related to fair value adjustment of debt.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossRelatedToFairValueAdjustmentOfDebt" xlink:to="label_GainLossRelatedToFairValueAdjustmentOfDebt_2" xlink:title="Label : GainLossRelatedToFairValueAdjustmentOfDebt to label_GainLossRelatedToFairValueAdjustmentOfDebt_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfHedgeAccountingLineItems" xlink:label="DisclosureOfHedgeAccountingLineItems" xlink:title="DisclosureOfHedgeAccountingLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfHedgeAccountingLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfHedgeAccountingLineItems" xml:lang="en-US" id="label_DisclosureOfHedgeAccountingLineItems">Disclosure of detailed information about hedges [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfHedgeAccountingLineItems" xlink:to="label_DisclosureOfHedgeAccountingLineItems" xlink:title="Label : DisclosureOfHedgeAccountingLineItems to label_DisclosureOfHedgeAccountingLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfHedgeAccountingLineItems_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfHedgeAccountingLineItems_1" xml:lang="en-US" id="label_DisclosureOfHedgeAccountingLineItems_1">Disclosure of detailed information about hedges [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfHedgeAccountingLineItems" xlink:to="label_DisclosureOfHedgeAccountingLineItems_1" xlink:title="Label : DisclosureOfHedgeAccountingLineItems to label_DisclosureOfHedgeAccountingLineItems_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InterestRateHedgingInstrumentsMember" xlink:label="InterestRateHedgingInstrumentsMember" xlink:title="InterestRateHedgingInstrumentsMember" />
    <link:label xlink:type="resource" xlink:label="label_InterestRateHedgingInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestRateHedgingInstrumentsMember" xml:lang="en-US" id="label_InterestRateHedgingInstrumentsMember">Interest rate hedging instruments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateHedgingInstrumentsMember" xlink:to="label_InterestRateHedgingInstrumentsMember" xlink:title="Label : InterestRateHedgingInstrumentsMember to label_InterestRateHedgingInstrumentsMember" />
    <link:label xlink:type="resource" xlink:label="label_InterestRateHedgingInstrumentsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestRateHedgingInstrumentsMember_1" xml:lang="en-US" id="label_InterestRateHedgingInstrumentsMember_1">Interest rate hedging instruments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateHedgingInstrumentsMember" xlink:to="label_InterestRateHedgingInstrumentsMember_1" xlink:title="Label : InterestRateHedgingInstrumentsMember to label_InterestRateHedgingInstrumentsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_InterestRateHedgingInstrumentsMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InterestRateHedgingInstrumentsMember_2" xml:lang="en-US" id="label_InterestRateHedgingInstrumentsMember_2">This member stands for the information pertaining to Interest rate hedging instruments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateHedgingInstrumentsMember" xlink:to="label_InterestRateHedgingInstrumentsMember_2" xlink:title="Label : InterestRateHedgingInstrumentsMember to label_InterestRateHedgingInstrumentsMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ForeignExchangeHedgingInstrumentsMember" xlink:label="ForeignExchangeHedgingInstrumentsMember" xlink:title="ForeignExchangeHedgingInstrumentsMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeHedgingInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignExchangeHedgingInstrumentsMember" xml:lang="en-US" id="label_ForeignExchangeHedgingInstrumentsMember">Foreign exchange hedging instruments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeHedgingInstrumentsMember" xlink:to="label_ForeignExchangeHedgingInstrumentsMember" xlink:title="Label : ForeignExchangeHedgingInstrumentsMember to label_ForeignExchangeHedgingInstrumentsMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeHedgingInstrumentsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ForeignExchangeHedgingInstrumentsMember_1" xml:lang="en-US" id="label_ForeignExchangeHedgingInstrumentsMember_1">Foreign exchange hedging instruments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeHedgingInstrumentsMember" xlink:to="label_ForeignExchangeHedgingInstrumentsMember_1" xlink:title="Label : ForeignExchangeHedgingInstrumentsMember to label_ForeignExchangeHedgingInstrumentsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeHedgingInstrumentsMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignExchangeHedgingInstrumentsMember_2" xml:lang="en-US" id="label_ForeignExchangeHedgingInstrumentsMember_2">This member stands for the information pertaining to Foreign exchange hedging instruments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeHedgingInstrumentsMember" xlink:to="label_ForeignExchangeHedgingInstrumentsMember_2" xlink:title="Label : ForeignExchangeHedgingInstrumentsMember to label_ForeignExchangeHedgingInstrumentsMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfHedgeAccountingTable" xlink:label="DisclosureOfHedgeAccountingTable" xlink:title="DisclosureOfHedgeAccountingTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfHedgeAccountingTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfHedgeAccountingTable" xml:lang="en-US" id="label_DisclosureOfHedgeAccountingTable">Disclosure of detailed information about hedges [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfHedgeAccountingTable" xlink:to="label_DisclosureOfHedgeAccountingTable" xlink:title="Label : DisclosureOfHedgeAccountingTable to label_DisclosureOfHedgeAccountingTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfHedgeAccountingTable_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfHedgeAccountingTable_1" xml:lang="en-US" id="label_DisclosureOfHedgeAccountingTable_1">Disclosure of detailed information about hedges [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfHedgeAccountingTable" xlink:to="label_DisclosureOfHedgeAccountingTable_1" xlink:title="Label : DisclosureOfHedgeAccountingTable to label_DisclosureOfHedgeAccountingTable_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_HedgingInstrumentLiabilities" xlink:label="HedgingInstrumentLiabilities" xlink:title="HedgingInstrumentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_HedgingInstrumentLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HedgingInstrumentLiabilities" xml:lang="en-US" id="label_HedgingInstrumentLiabilities">Fair value, Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HedgingInstrumentLiabilities" xlink:to="label_HedgingInstrumentLiabilities" xlink:title="Label : HedgingInstrumentLiabilities to label_HedgingInstrumentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_HedgingInstrumentLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HedgingInstrumentLiabilities_1" xml:lang="en-US" id="label_HedgingInstrumentLiabilities_1">Hedging instrument, liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HedgingInstrumentLiabilities" xlink:to="label_HedgingInstrumentLiabilities_1" xlink:title="Label : HedgingInstrumentLiabilities to label_HedgingInstrumentLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_HedgingInstrumentAssets" xlink:label="HedgingInstrumentAssets" xlink:title="HedgingInstrumentAssets" />
    <link:label xlink:type="resource" xlink:label="label_HedgingInstrumentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HedgingInstrumentAssets" xml:lang="en-US" id="label_HedgingInstrumentAssets">Fair value, Assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HedgingInstrumentAssets" xlink:to="label_HedgingInstrumentAssets" xlink:title="Label : HedgingInstrumentAssets to label_HedgingInstrumentAssets" />
    <link:label xlink:type="resource" xlink:label="label_HedgingInstrumentAssets_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HedgingInstrumentAssets_1" xml:lang="en-US" id="label_HedgingInstrumentAssets_1">Hedging instrument, assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HedgingInstrumentAssets" xlink:to="label_HedgingInstrumentAssets_1" xlink:title="Label : HedgingInstrumentAssets to label_HedgingInstrumentAssets_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LiabilitiesInterestRateBasis" xlink:label="LiabilitiesInterestRateBasis" xlink:title="LiabilitiesInterestRateBasis" />
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesInterestRateBasis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LiabilitiesInterestRateBasis" xml:lang="en-US" id="label_LiabilitiesInterestRateBasis">The basis (reference rate) used for calculation of the interest rate on liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesInterestRateBasis" xlink:to="label_LiabilitiesInterestRateBasis" xlink:title="Label : LiabilitiesInterestRateBasis to label_LiabilitiesInterestRateBasis" />
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesInterestRateBasis_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LiabilitiesInterestRateBasis_1" xml:lang="en-US" id="label_LiabilitiesInterestRateBasis_1">Contracted rates-liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesInterestRateBasis" xlink:to="label_LiabilitiesInterestRateBasis_1" xlink:title="Label : LiabilitiesInterestRateBasis to label_LiabilitiesInterestRateBasis_1" />
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesInterestRateBasis_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilitiesInterestRateBasis_2" xml:lang="en-US" id="label_LiabilitiesInterestRateBasis_2">Liabilities Interest Rate Basis</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesInterestRateBasis" xlink:to="label_LiabilitiesInterestRateBasis_2" xlink:title="Label : LiabilitiesInterestRateBasis to label_LiabilitiesInterestRateBasis_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AssetsInterestRateBasis" xlink:label="AssetsInterestRateBasis" xlink:title="AssetsInterestRateBasis" />
    <link:label xlink:type="resource" xlink:label="label_AssetsInterestRateBasis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AssetsInterestRateBasis" xml:lang="en-US" id="label_AssetsInterestRateBasis">The basis (reference rate) used for calculation of the interest rate on assets.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsInterestRateBasis" xlink:to="label_AssetsInterestRateBasis" xlink:title="Label : AssetsInterestRateBasis to label_AssetsInterestRateBasis" />
    <link:label xlink:type="resource" xlink:label="label_AssetsInterestRateBasis_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AssetsInterestRateBasis_1" xml:lang="en-US" id="label_AssetsInterestRateBasis_1">Contracted rates-assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsInterestRateBasis" xlink:to="label_AssetsInterestRateBasis_1" xlink:title="Label : AssetsInterestRateBasis to label_AssetsInterestRateBasis_1" />
    <link:label xlink:type="resource" xlink:label="label_AssetsInterestRateBasis_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssetsInterestRateBasis_2" xml:lang="en-US" id="label_AssetsInterestRateBasis_2">Assets Interest Rate Basis</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsInterestRateBasis" xlink:to="label_AssetsInterestRateBasis_2" xlink:title="Label : AssetsInterestRateBasis to label_AssetsInterestRateBasis_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NdfOneMember" xlink:label="NdfOneMember" xlink:title="NdfOneMember" />
    <link:label xlink:type="resource" xlink:label="label_NdfOneMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NdfOneMember" xml:lang="en-US" id="label_NdfOneMember">This member stands for the information pertaining to NDF derivative.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NdfOneMember" xlink:to="label_NdfOneMember" xlink:title="Label : NdfOneMember to label_NdfOneMember" />
    <link:label xlink:type="resource" xlink:label="label_NdfOneMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NdfOneMember_1" xml:lang="en-US" id="label_NdfOneMember_1">NDF one [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NdfOneMember" xlink:to="label_NdfOneMember_1" xlink:title="Label : NdfOneMember to label_NdfOneMember_1" />
    <link:label xlink:type="resource" xlink:label="label_NdfOneMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NdfOneMember_2" xml:lang="en-US" id="label_NdfOneMember_2">NDF One [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NdfOneMember" xlink:to="label_NdfOneMember_2" xlink:title="Label : NdfOneMember to label_NdfOneMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ZeroCostCollarMember" xlink:label="ZeroCostCollarMember" xlink:title="ZeroCostCollarMember" />
    <link:label xlink:type="resource" xlink:label="label_ZeroCostCollarMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ZeroCostCollarMember" xml:lang="en-US" id="label_ZeroCostCollarMember">Zero Cost Collar [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ZeroCostCollarMember" xlink:to="label_ZeroCostCollarMember" xlink:title="Label : ZeroCostCollarMember to label_ZeroCostCollarMember" />
    <link:label xlink:type="resource" xlink:label="label_ZeroCostCollarMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ZeroCostCollarMember_1" xml:lang="en-US" id="label_ZeroCostCollarMember_1">Zero cost collar [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ZeroCostCollarMember" xlink:to="label_ZeroCostCollarMember_1" xlink:title="Label : ZeroCostCollarMember to label_ZeroCostCollarMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ZeroCostCollarMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ZeroCostCollarMember_2" xml:lang="en-US" id="label_ZeroCostCollarMember_2">This member stands for the information pertaining to zero cost collar derivative.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ZeroCostCollarMember" xlink:to="label_ZeroCostCollarMember_2" xlink:title="Label : ZeroCostCollarMember to label_ZeroCostCollarMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NdfMember" xlink:label="NdfMember" xlink:title="NdfMember" />
    <link:label xlink:type="resource" xlink:label="label_NdfMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NdfMember" xml:lang="en-US" id="label_NdfMember">NDF [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NdfMember" xlink:to="label_NdfMember" xlink:title="Label : NdfMember to label_NdfMember" />
    <link:label xlink:type="resource" xlink:label="label_NdfMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NdfMember_1" xml:lang="en-US" id="label_NdfMember_1">NDF [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NdfMember" xlink:to="label_NdfMember_1" xlink:title="Label : NdfMember to label_NdfMember_1" />
    <link:label xlink:type="resource" xlink:label="label_NdfMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NdfMember_2" xml:lang="en-US" id="label_NdfMember_2">This member stands for the information pertaining to NDF derivative.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NdfMember" xlink:to="label_NdfMember_2" xlink:title="Label : NdfMember to label_NdfMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InterestRateSwapContractOneMember" xlink:label="InterestRateSwapContractOneMember" xlink:title="InterestRateSwapContractOneMember" />
    <link:label xlink:type="resource" xlink:label="label_InterestRateSwapContractOneMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestRateSwapContractOneMember" xml:lang="en-US" id="label_InterestRateSwapContractOneMember">Interest rate swap contract one [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateSwapContractOneMember" xlink:to="label_InterestRateSwapContractOneMember" xlink:title="Label : InterestRateSwapContractOneMember to label_InterestRateSwapContractOneMember" />
    <link:label xlink:type="resource" xlink:label="label_InterestRateSwapContractOneMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestRateSwapContractOneMember_1" xml:lang="en-US" id="label_InterestRateSwapContractOneMember_1">Interest rate swap contract one [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateSwapContractOneMember" xlink:to="label_InterestRateSwapContractOneMember_1" xlink:title="Label : InterestRateSwapContractOneMember to label_InterestRateSwapContractOneMember_1" />
    <link:label xlink:type="resource" xlink:label="label_InterestRateSwapContractOneMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InterestRateSwapContractOneMember_2" xml:lang="en-US" id="label_InterestRateSwapContractOneMember_2">This member stands for the information pertaining to interest rate swap contract.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateSwapContractOneMember" xlink:to="label_InterestRateSwapContractOneMember_2" xlink:title="Label : InterestRateSwapContractOneMember to label_InterestRateSwapContractOneMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InterestRateSwapContractMember" xlink:label="InterestRateSwapContractMember" xlink:title="InterestRateSwapContractMember" />
    <link:label xlink:type="resource" xlink:label="label_InterestRateSwapContractMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestRateSwapContractMember" xml:lang="en-US" id="label_InterestRateSwapContractMember">Interest rate swap contract [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateSwapContractMember" xlink:to="label_InterestRateSwapContractMember" xlink:title="Label : InterestRateSwapContractMember to label_InterestRateSwapContractMember" />
    <link:label xlink:type="resource" xlink:label="label_InterestRateSwapContractMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestRateSwapContractMember_1" xml:lang="en-US" id="label_InterestRateSwapContractMember_1">Interest rate swap contract [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateSwapContractMember" xlink:to="label_InterestRateSwapContractMember_1" xlink:title="Label : InterestRateSwapContractMember to label_InterestRateSwapContractMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory" xlink:label="DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory" xlink:title="DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory" xml:lang="en-US" id="label_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory">Disclosure of disaggregation of revenue from contracts with customers [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory" xlink:to="label_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory" xlink:title="Label : DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory to label_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory_1" xml:lang="en-US" id="label_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory_1">Contractual assets with customers - exclusivity rights</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory" xlink:to="label_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory_1" xlink:title="Label : DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory to label_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ForeignExchangeSwapThreeMember" xlink:label="ForeignExchangeSwapThreeMember" xlink:title="ForeignExchangeSwapThreeMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeSwapThreeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignExchangeSwapThreeMember" xml:lang="en-US" id="label_ForeignExchangeSwapThreeMember">Foreign Exchange Swap three [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeSwapThreeMember" xlink:to="label_ForeignExchangeSwapThreeMember" xlink:title="Label : ForeignExchangeSwapThreeMember to label_ForeignExchangeSwapThreeMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeSwapThreeMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ForeignExchangeSwapThreeMember_1" xml:lang="en-US" id="label_ForeignExchangeSwapThreeMember_1">Foreign exchange swap three [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeSwapThreeMember" xlink:to="label_ForeignExchangeSwapThreeMember_1" xlink:title="Label : ForeignExchangeSwapThreeMember to label_ForeignExchangeSwapThreeMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeSwapThreeMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignExchangeSwapThreeMember_2" xml:lang="en-US" id="label_ForeignExchangeSwapThreeMember_2">This member stands for the information pertaining to foreign exchange swap contract.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeSwapThreeMember" xlink:to="label_ForeignExchangeSwapThreeMember_2" xlink:title="Label : ForeignExchangeSwapThreeMember to label_ForeignExchangeSwapThreeMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ForeignExchangeSwapTwoMember" xlink:label="ForeignExchangeSwapTwoMember" xlink:title="ForeignExchangeSwapTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeSwapTwoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignExchangeSwapTwoMember" xml:lang="en-US" id="label_ForeignExchangeSwapTwoMember">Foreign Exchange Swap two [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeSwapTwoMember" xlink:to="label_ForeignExchangeSwapTwoMember" xlink:title="Label : ForeignExchangeSwapTwoMember to label_ForeignExchangeSwapTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeSwapTwoMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ForeignExchangeSwapTwoMember_1" xml:lang="en-US" id="label_ForeignExchangeSwapTwoMember_1">Foreign exchange swap two [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeSwapTwoMember" xlink:to="label_ForeignExchangeSwapTwoMember_1" xlink:title="Label : ForeignExchangeSwapTwoMember to label_ForeignExchangeSwapTwoMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeSwapTwoMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignExchangeSwapTwoMember_2" xml:lang="en-US" id="label_ForeignExchangeSwapTwoMember_2">This member stands for the information pertaining to foreign exchange swap contract.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeSwapTwoMember" xlink:to="label_ForeignExchangeSwapTwoMember_2" xlink:title="Label : ForeignExchangeSwapTwoMember to label_ForeignExchangeSwapTwoMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ForeignExchangeSwapOneMember" xlink:label="ForeignExchangeSwapOneMember" xlink:title="ForeignExchangeSwapOneMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeSwapOneMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignExchangeSwapOneMember" xml:lang="en-US" id="label_ForeignExchangeSwapOneMember">Foreign Exchange Swap One [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeSwapOneMember" xlink:to="label_ForeignExchangeSwapOneMember" xlink:title="Label : ForeignExchangeSwapOneMember to label_ForeignExchangeSwapOneMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeSwapOneMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ForeignExchangeSwapOneMember_1" xml:lang="en-US" id="label_ForeignExchangeSwapOneMember_1">Foreign exchange swap one [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeSwapOneMember" xlink:to="label_ForeignExchangeSwapOneMember_1" xlink:title="Label : ForeignExchangeSwapOneMember to label_ForeignExchangeSwapOneMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeSwapOneMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignExchangeSwapOneMember_2" xml:lang="en-US" id="label_ForeignExchangeSwapOneMember_2">This member stands for the information pertaining to foreign exchange swap contract.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeSwapOneMember" xlink:to="label_ForeignExchangeSwapOneMember_2" xlink:title="Label : ForeignExchangeSwapOneMember to label_ForeignExchangeSwapOneMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ForeignExchangeSwapMember" xlink:label="ForeignExchangeSwapMember" xlink:title="ForeignExchangeSwapMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeSwapMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignExchangeSwapMember" xml:lang="en-US" id="label_ForeignExchangeSwapMember">Foreign Exchange Swap [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeSwapMember" xlink:to="label_ForeignExchangeSwapMember" xlink:title="Label : ForeignExchangeSwapMember to label_ForeignExchangeSwapMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeSwapMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ForeignExchangeSwapMember_1" xml:lang="en-US" id="label_ForeignExchangeSwapMember_1">Foreign exchange swap [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeSwapMember" xlink:to="label_ForeignExchangeSwapMember_1" xlink:title="Label : ForeignExchangeSwapMember to label_ForeignExchangeSwapMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeSwapMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignExchangeSwapMember_2" xml:lang="en-US" id="label_ForeignExchangeSwapMember_2">This member stands for the information pertaining to foreign exchange swap contract.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeSwapMember" xlink:to="label_ForeignExchangeSwapMember_2" xlink:title="Label : ForeignExchangeSwapMember to label_ForeignExchangeSwapMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DerivativesNotDesignatedAsHedgeAccountingMember" xlink:label="DerivativesNotDesignatedAsHedgeAccountingMember" xlink:title="DerivativesNotDesignatedAsHedgeAccountingMember" />
    <link:label xlink:type="resource" xlink:label="label_DerivativesNotDesignatedAsHedgeAccountingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DerivativesNotDesignatedAsHedgeAccountingMember" xml:lang="en-US" id="label_DerivativesNotDesignatedAsHedgeAccountingMember">This member stands for the information pertaining to derivatives not designated as hedge accounting.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativesNotDesignatedAsHedgeAccountingMember" xlink:to="label_DerivativesNotDesignatedAsHedgeAccountingMember" xlink:title="Label : DerivativesNotDesignatedAsHedgeAccountingMember to label_DerivativesNotDesignatedAsHedgeAccountingMember" />
    <link:label xlink:type="resource" xlink:label="label_DerivativesNotDesignatedAsHedgeAccountingMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DerivativesNotDesignatedAsHedgeAccountingMember_1" xml:lang="en-US" id="label_DerivativesNotDesignatedAsHedgeAccountingMember_1">Derivatives not designated as hedge accounting</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativesNotDesignatedAsHedgeAccountingMember" xlink:to="label_DerivativesNotDesignatedAsHedgeAccountingMember_1" xlink:title="Label : DerivativesNotDesignatedAsHedgeAccountingMember to label_DerivativesNotDesignatedAsHedgeAccountingMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DerivativesNotDesignatedAsHedgeAccountingMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DerivativesNotDesignatedAsHedgeAccountingMember_2" xml:lang="en-US" id="label_DerivativesNotDesignatedAsHedgeAccountingMember_2">Derivatives not designated as hedge accounting [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativesNotDesignatedAsHedgeAccountingMember" xlink:to="label_DerivativesNotDesignatedAsHedgeAccountingMember_2" xlink:title="Label : DerivativesNotDesignatedAsHedgeAccountingMember to label_DerivativesNotDesignatedAsHedgeAccountingMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DerivativesDesignatedAsHedgeAccountingMember" xlink:label="DerivativesDesignatedAsHedgeAccountingMember" xlink:title="DerivativesDesignatedAsHedgeAccountingMember" />
    <link:label xlink:type="resource" xlink:label="label_DerivativesDesignatedAsHedgeAccountingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DerivativesDesignatedAsHedgeAccountingMember" xml:lang="en-US" id="label_DerivativesDesignatedAsHedgeAccountingMember">This member stands for the information pertaining to Derivatives designated as hedge accounting.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativesDesignatedAsHedgeAccountingMember" xlink:to="label_DerivativesDesignatedAsHedgeAccountingMember" xlink:title="Label : DerivativesDesignatedAsHedgeAccountingMember to label_DerivativesDesignatedAsHedgeAccountingMember" />
    <link:label xlink:type="resource" xlink:label="label_DerivativesDesignatedAsHedgeAccountingMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DerivativesDesignatedAsHedgeAccountingMember_1" xml:lang="en-US" id="label_DerivativesDesignatedAsHedgeAccountingMember_1">Derivatives designated as hedge accounting [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativesDesignatedAsHedgeAccountingMember" xlink:to="label_DerivativesDesignatedAsHedgeAccountingMember_1" xlink:title="Label : DerivativesDesignatedAsHedgeAccountingMember to label_DerivativesDesignatedAsHedgeAccountingMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DerivativesDesignatedAsHedgeAccountingMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DerivativesDesignatedAsHedgeAccountingMember_2" xml:lang="en-US" id="label_DerivativesDesignatedAsHedgeAccountingMember_2">Derivatives designated as hedge accounting [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativesDesignatedAsHedgeAccountingMember" xlink:to="label_DerivativesDesignatedAsHedgeAccountingMember_2" xlink:title="Label : DerivativesDesignatedAsHedgeAccountingMember to label_DerivativesDesignatedAsHedgeAccountingMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PercentageOfNetDebtToEquityRatio" xlink:label="PercentageOfNetDebtToEquityRatio" xlink:title="PercentageOfNetDebtToEquityRatio" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfNetDebtToEquityRatio" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentageOfNetDebtToEquityRatio" xml:lang="en-US" id="label_PercentageOfNetDebtToEquityRatio">Leverage ratio</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfNetDebtToEquityRatio" xlink:to="label_PercentageOfNetDebtToEquityRatio" xlink:title="Label : PercentageOfNetDebtToEquityRatio to label_PercentageOfNetDebtToEquityRatio" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfNetDebtToEquityRatio_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PercentageOfNetDebtToEquityRatio_1" xml:lang="en-US" id="label_PercentageOfNetDebtToEquityRatio_1">The percentage of net debt to equity ratio.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfNetDebtToEquityRatio" xlink:to="label_PercentageOfNetDebtToEquityRatio_1" xlink:title="Label : PercentageOfNetDebtToEquityRatio to label_PercentageOfNetDebtToEquityRatio_1" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfNetDebtToEquityRatio_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PercentageOfNetDebtToEquityRatio_2" xml:lang="en-US" id="label_PercentageOfNetDebtToEquityRatio_2">Percentage of net debt to equity ratio</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfNetDebtToEquityRatio" xlink:to="label_PercentageOfNetDebtToEquityRatio_2" xlink:title="Label : PercentageOfNetDebtToEquityRatio to label_PercentageOfNetDebtToEquityRatio_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NetDebt" xlink:label="NetDebt" xlink:title="NetDebt" />
    <link:label xlink:type="resource" xlink:label="label_NetDebt" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NetDebt" xml:lang="en-US" id="label_NetDebt">Cash/ Net debt on December 31, 2020</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetDebt" xlink:to="label_NetDebt" xlink:title="Label : NetDebt to label_NetDebt" />
    <link:label xlink:type="resource" xlink:label="label_NetDebt_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetDebt_1" xml:lang="en-US" id="label_NetDebt_1">Net debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetDebt" xlink:to="label_NetDebt_1" xlink:title="Label : NetDebt to label_NetDebt_1" />
    <link:label xlink:type="resource" xlink:label="label_NetDebt_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetDebt_2" xml:lang="en-US" id="label_NetDebt_2">Net debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetDebt" xlink:to="label_NetDebt_2" xlink:title="Label : NetDebt to label_NetDebt_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LoansFinancingAndLeasesPayable" xlink:label="LoansFinancingAndLeasesPayable" xlink:title="LoansFinancingAndLeasesPayable" />
    <link:label xlink:type="resource" xlink:label="label_LoansFinancingAndLeasesPayable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LoansFinancingAndLeasesPayable" xml:lang="en-US" id="label_LoansFinancingAndLeasesPayable">Loans and financing</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansFinancingAndLeasesPayable" xlink:to="label_LoansFinancingAndLeasesPayable" xlink:title="Label : LoansFinancingAndLeasesPayable to label_LoansFinancingAndLeasesPayable" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsTextBlock" xlink:label="DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsTextBlock" xlink:title="DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsTextBlock" xml:lang="en-US" id="label_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsTextBlock">Disclosure of Cash and Cash Equivalents and Financial Investments and Hedge Derivative Financial Instruments and Other Financial Assets [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsTextBlock" xlink:to="label_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsTextBlock" xlink:title="Label : DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsTextBlock to label_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_LoansFinancingAndLeasesPayable_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LoansFinancingAndLeasesPayable_1" xml:lang="en-US" id="label_LoansFinancingAndLeasesPayable_1">The amount of borrowings obtained as loans, financing and leases payable.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansFinancingAndLeasesPayable" xlink:to="label_LoansFinancingAndLeasesPayable_1" xlink:title="Label : LoansFinancingAndLeasesPayable to label_LoansFinancingAndLeasesPayable_1" />
    <link:label xlink:type="resource" xlink:label="label_LoansFinancingAndLeasesPayable_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoansFinancingAndLeasesPayable_2" xml:lang="en-US" id="label_LoansFinancingAndLeasesPayable_2">Loans, financing and leases payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansFinancingAndLeasesPayable" xlink:to="label_LoansFinancingAndLeasesPayable_2" xlink:title="Label : LoansFinancingAndLeasesPayable to label_LoansFinancingAndLeasesPayable_2" />
    <link:label xlink:type="resource" xlink:label="label_LoansFinancingAndLeasesPayable_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LoansFinancingAndLeasesPayable_3" xml:lang="en-US" id="label_LoansFinancingAndLeasesPayable_3">Gross debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansFinancingAndLeasesPayable" xlink:to="label_LoansFinancingAndLeasesPayable_3" xlink:title="Label : LoansFinancingAndLeasesPayable to label_LoansFinancingAndLeasesPayable_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OtherPayablesUndiscountedCashFlows" xlink:label="OtherPayablesUndiscountedCashFlows" xlink:title="OtherPayablesUndiscountedCashFlows" />
    <link:label xlink:type="resource" xlink:label="label_OtherPayablesUndiscountedCashFlows" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherPayablesUndiscountedCashFlows" xml:lang="en-US" id="label_OtherPayablesUndiscountedCashFlows">The amount of contractual undiscounted cash flows in relation to other payables.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherPayablesUndiscountedCashFlows" xlink:to="label_OtherPayablesUndiscountedCashFlows" xlink:title="Label : OtherPayablesUndiscountedCashFlows to label_OtherPayablesUndiscountedCashFlows" />
    <link:label xlink:type="resource" xlink:label="label_OtherPayablesUndiscountedCashFlows_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherPayablesUndiscountedCashFlows_1" xml:lang="en-US" id="label_OtherPayablesUndiscountedCashFlows_1">Other payables, undiscounted cash flows</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherPayablesUndiscountedCashFlows" xlink:to="label_OtherPayablesUndiscountedCashFlows_1" xlink:title="Label : OtherPayablesUndiscountedCashFlows to label_OtherPayablesUndiscountedCashFlows_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsTextBlock_1" xml:lang="en-US" id="label_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsTextBlock_1">Cash and cash equivalents, financial investments, derivative financial instruments and other financial assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsTextBlock" xlink:to="label_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsTextBlock_1" xlink:title="Label : DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsTextBlock to label_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsTextBlock_2" xml:lang="en-US" id="label_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsTextBlock_2">The entire disclosure of cash and cash equivalents, financial investments, hedge derivative financial instruments and other financial assets.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsTextBlock" xlink:to="label_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsTextBlock_2" xlink:title="Label : DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsTextBlock to label_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsTextBlock_2" />
    <link:label xlink:type="resource" xlink:label="label_OtherPayablesUndiscountedCashFlows_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherPayablesUndiscountedCashFlows_2" xml:lang="en-US" id="label_OtherPayablesUndiscountedCashFlows_2">Other payables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherPayablesUndiscountedCashFlows" xlink:to="label_OtherPayablesUndiscountedCashFlows_2" xlink:title="Label : OtherPayablesUndiscountedCashFlows to label_OtherPayablesUndiscountedCashFlows_2" />
    <link:label xlink:type="resource" xlink:label="label_ContingentConsiderationRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContingentConsiderationRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_ContingentConsiderationRecognisedAsOfAcquisitionDate_1">Contingent consideration to be settled</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentConsiderationRecognisedAsOfAcquisitionDate" xlink:to="label_ContingentConsiderationRecognisedAsOfAcquisitionDate_1" xlink:title="Label : ContingentConsiderationRecognisedAsOfAcquisitionDate to label_ContingentConsiderationRecognisedAsOfAcquisitionDate_1" />
    <link:label xlink:type="resource" xlink:label="label_ContingentConsiderationRecognisedAsOfAcquisitionDate_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ContingentConsiderationRecognisedAsOfAcquisitionDate_2" xml:lang="en-US" id="label_ContingentConsiderationRecognisedAsOfAcquisitionDate_2">Contingent consideration</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentConsiderationRecognisedAsOfAcquisitionDate" xlink:to="label_ContingentConsiderationRecognisedAsOfAcquisitionDate_2" xlink:title="Label : ContingentConsiderationRecognisedAsOfAcquisitionDate to label_ContingentConsiderationRecognisedAsOfAcquisitionDate_2" />
    <link:label xlink:type="resource" xlink:label="label_FinancialLiabilitiesOfCustomersUndiscountedCashFlows_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialLiabilitiesOfCustomersUndiscountedCashFlows_1" xml:lang="en-US" id="label_FinancialLiabilitiesOfCustomersUndiscountedCashFlows_1">Financial liabilities of customers, undiscounted cash flows</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesOfCustomersUndiscountedCashFlows" xlink:to="label_FinancialLiabilitiesOfCustomersUndiscountedCashFlows_1" xlink:title="Label : FinancialLiabilitiesOfCustomersUndiscountedCashFlows to label_FinancialLiabilitiesOfCustomersUndiscountedCashFlows_1" />
    <link:label xlink:type="resource" xlink:label="label_FinancialLiabilitiesOfCustomersUndiscountedCashFlows_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinancialLiabilitiesOfCustomersUndiscountedCashFlows_2" xml:lang="en-US" id="label_FinancialLiabilitiesOfCustomersUndiscountedCashFlows_2">Financial liabilities of customers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesOfCustomersUndiscountedCashFlows" xlink:to="label_FinancialLiabilitiesOfCustomersUndiscountedCashFlows_2" xlink:title="Label : FinancialLiabilitiesOfCustomersUndiscountedCashFlows to label_FinancialLiabilitiesOfCustomersUndiscountedCashFlows_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_GrossLeaseLiabilities" xlink:label="GrossLeaseLiabilities" xlink:title="GrossLeaseLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_GrossLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GrossLeaseLiabilities" xml:lang="en-US" id="label_GrossLeaseLiabilities">Leases payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrossLeaseLiabilities" xlink:to="label_GrossLeaseLiabilities" xlink:title="Label : GrossLeaseLiabilities to label_GrossLeaseLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_GrossLeaseLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GrossLeaseLiabilities_1" xml:lang="en-US" id="label_GrossLeaseLiabilities_1">Gross lease liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrossLeaseLiabilities" xlink:to="label_GrossLeaseLiabilities_1" xlink:title="Label : GrossLeaseLiabilities to label_GrossLeaseLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TradePayablesReverseFactoringUndiscountedCashFlows" xlink:label="TradePayablesReverseFactoringUndiscountedCashFlows" xlink:title="TradePayablesReverseFactoringUndiscountedCashFlows" />
    <link:label xlink:type="resource" xlink:label="label_TradePayablesReverseFactoringUndiscountedCashFlows" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradePayablesReverseFactoringUndiscountedCashFlows" xml:lang="en-US" id="label_TradePayablesReverseFactoringUndiscountedCashFlows">Trade Payables Reverse Factoring Undiscounted Cash Flows</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayablesReverseFactoringUndiscountedCashFlows" xlink:to="label_TradePayablesReverseFactoringUndiscountedCashFlows" xlink:title="Label : TradePayablesReverseFactoringUndiscountedCashFlows to label_TradePayablesReverseFactoringUndiscountedCashFlows" />
    <link:label xlink:type="resource" xlink:label="label_TradePayablesReverseFactoringUndiscountedCashFlows_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TradePayablesReverseFactoringUndiscountedCashFlows_1" xml:lang="en-US" id="label_TradePayablesReverseFactoringUndiscountedCashFlows_1">The amount of contractual undiscounted cash flows in relation to trade payables - reverse factoring.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayablesReverseFactoringUndiscountedCashFlows" xlink:to="label_TradePayablesReverseFactoringUndiscountedCashFlows_1" xlink:title="Label : TradePayablesReverseFactoringUndiscountedCashFlows to label_TradePayablesReverseFactoringUndiscountedCashFlows_1" />
    <link:label xlink:type="resource" xlink:label="label_TradePayablesReverseFactoringUndiscountedCashFlows_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradePayablesReverseFactoringUndiscountedCashFlows_2" xml:lang="en-US" id="label_TradePayablesReverseFactoringUndiscountedCashFlows_2">Trade payables - reverse factoring</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayablesReverseFactoringUndiscountedCashFlows" xlink:to="label_TradePayablesReverseFactoringUndiscountedCashFlows_2" xlink:title="Label : TradePayablesReverseFactoringUndiscountedCashFlows to label_TradePayablesReverseFactoringUndiscountedCashFlows_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TradeAndOtherPayablesUndiscountedCashFlows" xlink:label="TradeAndOtherPayablesUndiscountedCashFlows" xlink:title="TradeAndOtherPayablesUndiscountedCashFlows" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherPayablesUndiscountedCashFlows" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradeAndOtherPayablesUndiscountedCashFlows" xml:lang="en-US" id="label_TradeAndOtherPayablesUndiscountedCashFlows">Trade payables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherPayablesUndiscountedCashFlows" xlink:to="label_TradeAndOtherPayablesUndiscountedCashFlows" xlink:title="Label : TradeAndOtherPayablesUndiscountedCashFlows to label_TradeAndOtherPayablesUndiscountedCashFlows" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherPayablesUndiscountedCashFlows_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradeAndOtherPayablesUndiscountedCashFlows_1" xml:lang="en-US" id="label_TradeAndOtherPayablesUndiscountedCashFlows_1">Trade and other payables, undiscounted cash flows</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherPayablesUndiscountedCashFlows" xlink:to="label_TradeAndOtherPayablesUndiscountedCashFlows_1" xlink:title="Label : TradeAndOtherPayablesUndiscountedCashFlows to label_TradeAndOtherPayablesUndiscountedCashFlows_1" />
    <link:label xlink:type="resource" xlink:label="label_DerivativeFinancialLiabilitiesUndiscountedCashFlows_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DerivativeFinancialLiabilitiesUndiscountedCashFlows_1" xml:lang="en-US" id="label_DerivativeFinancialLiabilitiesUndiscountedCashFlows_1">Derivative instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeFinancialLiabilitiesUndiscountedCashFlows" xlink:to="label_DerivativeFinancialLiabilitiesUndiscountedCashFlows_1" xlink:title="Label : DerivativeFinancialLiabilitiesUndiscountedCashFlows to label_DerivativeFinancialLiabilitiesUndiscountedCashFlows_1" />
    <link:label xlink:type="resource" xlink:label="label_LoansIncludingFutureContractualInterestUndiscountedCashFlows_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LoansIncludingFutureContractualInterestUndiscountedCashFlows_1" xml:lang="en-US" id="label_LoansIncludingFutureContractualInterestUndiscountedCashFlows_1">Loans including future contractual interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansIncludingFutureContractualInterestUndiscountedCashFlows" xlink:to="label_LoansIncludingFutureContractualInterestUndiscountedCashFlows_1" xlink:title="Label : LoansIncludingFutureContractualInterestUndiscountedCashFlows to label_LoansIncludingFutureContractualInterestUndiscountedCashFlows_1" />
    <link:label xlink:type="resource" xlink:label="label_LoansIncludingFutureContractualInterestUndiscountedCashFlows_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoansIncludingFutureContractualInterestUndiscountedCashFlows_2" xml:lang="en-US" id="label_LoansIncludingFutureContractualInterestUndiscountedCashFlows_2">Loans including future contractual interest, undiscounted cash flows</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansIncludingFutureContractualInterestUndiscountedCashFlows" xlink:to="label_LoansIncludingFutureContractualInterestUndiscountedCashFlows_2" xlink:title="Label : LoansIncludingFutureContractualInterestUndiscountedCashFlows to label_LoansIncludingFutureContractualInterestUndiscountedCashFlows_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" xlink:label="LaterThanOneYearAndNotLaterThanThreeYearsMember" xlink:title="LaterThanOneYearAndNotLaterThanThreeYearsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanOneYearAndNotLaterThanThreeYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanOneYearAndNotLaterThanThreeYearsMember" xml:lang="en-US" id="label_LaterThanOneYearAndNotLaterThanThreeYearsMember">Later than one year and not later than three years [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanOneYearAndNotLaterThanThreeYearsMember" xlink:to="label_LaterThanOneYearAndNotLaterThanThreeYearsMember" xlink:title="Label : LaterThanOneYearAndNotLaterThanThreeYearsMember to label_LaterThanOneYearAndNotLaterThanThreeYearsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanOneYearAndNotLaterThanThreeYearsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaterThanOneYearAndNotLaterThanThreeYearsMember_1" xml:lang="en-US" id="label_LaterThanOneYearAndNotLaterThanThreeYearsMember_1">Between 1 and 3 years [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanOneYearAndNotLaterThanThreeYearsMember" xlink:to="label_LaterThanOneYearAndNotLaterThanThreeYearsMember_1" xlink:title="Label : LaterThanOneYearAndNotLaterThanThreeYearsMember to label_LaterThanOneYearAndNotLaterThanThreeYearsMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DerivativeNonmonetaryNotionalAmountVolumeOne" xlink:label="DerivativeNonmonetaryNotionalAmountVolumeOne" xlink:title="DerivativeNonmonetaryNotionalAmountVolumeOne" />
    <link:label xlink:type="resource" xlink:label="label_DerivativeNonmonetaryNotionalAmountVolumeOne" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DerivativeNonmonetaryNotionalAmountVolumeOne" xml:lang="en-US" id="label_DerivativeNonmonetaryNotionalAmountVolumeOne">Notional amount (m3)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeNonmonetaryNotionalAmountVolumeOne" xlink:to="label_DerivativeNonmonetaryNotionalAmountVolumeOne" xlink:title="Label : DerivativeNonmonetaryNotionalAmountVolumeOne to label_DerivativeNonmonetaryNotionalAmountVolumeOne" />
    <link:label xlink:type="resource" xlink:label="label_DerivativeNonmonetaryNotionalAmountVolumeOne_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DerivativeNonmonetaryNotionalAmountVolumeOne_1" xml:lang="en-US" id="label_DerivativeNonmonetaryNotionalAmountVolumeOne_1">Derivative Nonmonetary Notional Amount Volume One</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeNonmonetaryNotionalAmountVolumeOne" xlink:to="label_DerivativeNonmonetaryNotionalAmountVolumeOne_1" xlink:title="Label : DerivativeNonmonetaryNotionalAmountVolumeOne to label_DerivativeNonmonetaryNotionalAmountVolumeOne_1" />
    <link:label xlink:type="resource" xlink:label="label_DerivativeNonmonetaryNotionalAmountVolumeOne_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DerivativeNonmonetaryNotionalAmountVolumeOne_2" xml:lang="en-US" id="label_DerivativeNonmonetaryNotionalAmountVolumeOne_2">Nominal volume used to calculate payments on a derivative instrument.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeNonmonetaryNotionalAmountVolumeOne" xlink:to="label_DerivativeNonmonetaryNotionalAmountVolumeOne_2" xlink:title="Label : DerivativeNonmonetaryNotionalAmountVolumeOne to label_DerivativeNonmonetaryNotionalAmountVolumeOne_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ForwardContractMember" xlink:label="ForwardContractMember" xlink:title="ForwardContractMember" />
    <link:label xlink:type="resource" xlink:label="label_ForwardContractMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForwardContractMember" xml:lang="en-US" id="label_ForwardContractMember">Forward contract [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForwardContractMember" xlink:to="label_ForwardContractMember" xlink:title="Label : ForwardContractMember to label_ForwardContractMember" />
    <link:label xlink:type="resource" xlink:label="label_ForwardContractMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ForwardContractMember_1" xml:lang="en-US" id="label_ForwardContractMember_1">Commodity Forward [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForwardContractMember" xlink:to="label_ForwardContractMember_1" xlink:title="Label : ForwardContractMember to label_ForwardContractMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TermMember" xlink:label="TermMember" xlink:title="TermMember" />
    <link:label xlink:type="resource" xlink:label="label_TermMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TermMember" xml:lang="en-US" id="label_TermMember">Term [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TermMember" xlink:to="label_TermMember" xlink:title="Label : TermMember to label_TermMember" />
    <link:label xlink:type="resource" xlink:label="label_TermMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TermMember_1" xml:lang="en-US" id="label_TermMember_1">Term [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TermMember" xlink:to="label_TermMember_1" xlink:title="Label : TermMember to label_TermMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TermMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TermMember_2" xml:lang="en-US" id="label_TermMember_2">This member stands for the information pertaining to term derivative.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TermMember" xlink:to="label_TermMember_2" xlink:title="Label : TermMember to label_TermMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MarineFuelMember" xlink:label="MarineFuelMember" xlink:title="MarineFuelMember" />
    <link:label xlink:type="resource" xlink:label="label_MarineFuelMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MarineFuelMember" xml:lang="en-US" id="label_MarineFuelMember">Marine Fuel [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MarineFuelMember" xlink:to="label_MarineFuelMember" xlink:title="Label : MarineFuelMember to label_MarineFuelMember" />
    <link:label xlink:type="resource" xlink:label="label_MarineFuelMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MarineFuelMember_1" xml:lang="en-US" id="label_MarineFuelMember_1">Represents information pertaining to Marine Fuel.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MarineFuelMember" xlink:to="label_MarineFuelMember_1" xlink:title="Label : MarineFuelMember to label_MarineFuelMember_1" />
    <link:label xlink:type="resource" xlink:label="label_MarineFuelMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MarineFuelMember_2" xml:lang="en-US" id="label_MarineFuelMember_2">Marine Fuel [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MarineFuelMember" xlink:to="label_MarineFuelMember_2" xlink:title="Label : MarineFuelMember to label_MarineFuelMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SeaFreightMember" xlink:label="SeaFreightMember" xlink:title="SeaFreightMember" />
    <link:label xlink:type="resource" xlink:label="label_SeaFreightMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SeaFreightMember" xml:lang="en-US" id="label_SeaFreightMember">Sea Freight [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeaFreightMember" xlink:to="label_SeaFreightMember" xlink:title="Label : SeaFreightMember to label_SeaFreightMember" />
    <link:label xlink:type="resource" xlink:label="label_SeaFreightMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SeaFreightMember_1" xml:lang="en-US" id="label_SeaFreightMember_1">Represents information pertaining to Sea Freight.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeaFreightMember" xlink:to="label_SeaFreightMember_1" xlink:title="Label : SeaFreightMember to label_SeaFreightMember_1" />
    <link:label xlink:type="resource" xlink:label="label_SeaFreightMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SeaFreightMember_2" xml:lang="en-US" id="label_SeaFreightMember_2">Sea Freight [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeaFreightMember" xlink:to="label_SeaFreightMember_2" xlink:title="Label : SeaFreightMember to label_SeaFreightMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SoybeanOilMember" xlink:label="SoybeanOilMember" xlink:title="SoybeanOilMember" />
    <link:label xlink:type="resource" xlink:label="label_SoybeanOilMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SoybeanOilMember" xml:lang="en-US" id="label_SoybeanOilMember">Soybean Oil [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SoybeanOilMember" xlink:to="label_SoybeanOilMember" xlink:title="Label : SoybeanOilMember to label_SoybeanOilMember" />
    <link:label xlink:type="resource" xlink:label="label_SoybeanOilMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SoybeanOilMember_1" xml:lang="en-US" id="label_SoybeanOilMember_1">Soybean Oil [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SoybeanOilMember" xlink:to="label_SoybeanOilMember_1" xlink:title="Label : SoybeanOilMember to label_SoybeanOilMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsAbstract" xlink:label="DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsAbstract" xlink:title="DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsAbstract" xml:lang="en-US" id="label_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsAbstract">Cash and cash equivalents, financial investments, derivative financial instruments and other financial assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsAbstract" xlink:to="label_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsAbstract" xlink:title="Label : DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsAbstract to label_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_SoybeanOilMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SoybeanOilMember_2" xml:lang="en-US" id="label_SoybeanOilMember_2">Represents information pertaining to Soybean Oil.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SoybeanOilMember" xlink:to="label_SoybeanOilMember_2" xlink:title="Label : SoybeanOilMember to label_SoybeanOilMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_RBOBMember" xlink:label="RBOBMember" xlink:title="RBOBMember" />
    <link:label xlink:type="resource" xlink:label="label_RBOBMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RBOBMember" xml:lang="en-US" id="label_RBOBMember">RBOB [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RBOBMember" xlink:to="label_RBOBMember" xlink:title="Label : RBOBMember to label_RBOBMember" />
    <link:label xlink:type="resource" xlink:label="label_RBOBMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RBOBMember_1" xml:lang="en-US" id="label_RBOBMember_1">Represents information pertaining to RBOB.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RBOBMember" xlink:to="label_RBOBMember_1" xlink:title="Label : RBOBMember to label_RBOBMember_1" />
    <link:label xlink:type="resource" xlink:label="label_RBOBMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RBOBMember_2" xml:lang="en-US" id="label_RBOBMember_2">R B O B [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RBOBMember" xlink:to="label_RBOBMember_2" xlink:title="Label : RBOBMember to label_RBOBMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_HeatingOilOneMember" xlink:label="HeatingOilOneMember" xlink:title="HeatingOilOneMember" />
    <link:label xlink:type="resource" xlink:label="label_HeatingOilOneMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HeatingOilOneMember" xml:lang="en-US" id="label_HeatingOilOneMember">Heating Oil [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HeatingOilOneMember" xlink:to="label_HeatingOilOneMember" xlink:title="Label : HeatingOilOneMember to label_HeatingOilOneMember" />
    <link:label xlink:type="resource" xlink:label="label_HeatingOilOneMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_HeatingOilOneMember_1" xml:lang="en-US" id="label_HeatingOilOneMember_1">Represents information pertaining to heating oil.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HeatingOilOneMember" xlink:to="label_HeatingOilOneMember_1" xlink:title="Label : HeatingOilOneMember to label_HeatingOilOneMember_1" />
    <link:label xlink:type="resource" xlink:label="label_HeatingOilOneMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HeatingOilOneMember_2" xml:lang="en-US" id="label_HeatingOilOneMember_2">Heating Oil One [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HeatingOilOneMember" xlink:to="label_HeatingOilOneMember_2" xlink:title="Label : HeatingOilOneMember to label_HeatingOilOneMember_2" />
    <link:label xlink:type="resource" xlink:label="label_CommodityPriceRiskMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommodityPriceRiskMember_1" xml:lang="en-US" id="label_CommodityPriceRiskMember_1">Commodity price risk [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommodityPriceRiskMember" xlink:to="label_CommodityPriceRiskMember_1" xlink:title="Label : CommodityPriceRiskMember to label_CommodityPriceRiskMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2024/elts/srt-2024.xsd#srt_SegmentGeographicalDomain" xlink:label="SegmentGeographicalDomain" xlink:title="SegmentGeographicalDomain" />
    <link:label xlink:type="resource" xlink:label="label_SegmentGeographicalDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SegmentGeographicalDomain" xml:lang="en-US" id="label_SegmentGeographicalDomain">Geographical [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SegmentGeographicalDomain" xlink:to="label_SegmentGeographicalDomain" xlink:title="Label : SegmentGeographicalDomain to label_SegmentGeographicalDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2024/elts/srt-2024.xsd#srt_StatementGeographicalAxis" xlink:label="StatementGeographicalAxis" xlink:title="StatementGeographicalAxis" />
    <link:label xlink:type="resource" xlink:label="label_StatementGeographicalAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementGeographicalAxis" xml:lang="en-US" id="label_StatementGeographicalAxis">Geographical [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementGeographicalAxis" xlink:to="label_StatementGeographicalAxis" xlink:title="Label : StatementGeographicalAxis to label_StatementGeographicalAxis" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherReceivablesGross_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradeAndOtherReceivablesGross_1" xml:lang="en-US" id="label_TradeAndOtherReceivablesGross_1">Trade And Other Receivables Gross</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherReceivablesGross" xlink:to="label_TradeAndOtherReceivablesGross_1" xlink:title="Label : TradeAndOtherReceivablesGross to label_TradeAndOtherReceivablesGross_1" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherReceivablesGross_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradeAndOtherReceivablesGross_2" xml:lang="en-US" id="label_TradeAndOtherReceivablesGross_2">Accounting balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherReceivablesGross" xlink:to="label_TradeAndOtherReceivablesGross_2" xlink:title="Label : TradeAndOtherReceivablesGross to label_TradeAndOtherReceivablesGross_2" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherReceivablesGross_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TradeAndOtherReceivablesGross_3" xml:lang="en-US" id="label_TradeAndOtherReceivablesGross_3">The amount of gross trade receivables and other receivables.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherReceivablesGross" xlink:to="label_TradeAndOtherReceivablesGross_3" xlink:title="Label : TradeAndOtherReceivablesGross to label_TradeAndOtherReceivablesGross_3" />
    <link:label xlink:type="resource" xlink:label="label_ExpectedCreditLossRate_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExpectedCreditLossRate_1" xml:lang="en-US" id="label_ExpectedCreditLossRate_1">Expected credit loss rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpectedCreditLossRate" xlink:to="label_ExpectedCreditLossRate_1" xlink:title="Label : ExpectedCreditLossRate to label_ExpectedCreditLossRate_1" />
    <link:label xlink:type="resource" xlink:label="label_ExpectedCreditLossRate_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExpectedCreditLossRate_2" xml:lang="en-US" id="label_ExpectedCreditLossRate_2">Expected credit loss rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpectedCreditLossRate" xlink:to="label_ExpectedCreditLossRate_2" xlink:title="Label : ExpectedCreditLossRate to label_ExpectedCreditLossRate_2" />
    <link:label xlink:type="resource" xlink:label="label_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables_2" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:title="label_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables_2" xml:lang="en-US" id="label_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables_2">Allowances for doubful accounts on trade receivable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables" xlink:to="label_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables_2" xlink:title="Label : AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables to label_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables_2" />
    <link:label xlink:type="resource" xlink:label="label_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables_3" xml:lang="en-US" id="label_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables_3">Allowance for expected credit losses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables" xlink:to="label_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables_3" xlink:title="Label : AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables to label_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables_3" />
    <link:label xlink:type="resource" xlink:label="label_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables_4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables_4" xml:lang="en-US" id="label_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables_4">Allowances for doubful accounts on trade receivable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables" xlink:to="label_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables_4" xlink:title="Label : AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables to label_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables_4" />
    <link:label xlink:type="resource" xlink:label="label_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables_5" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables_5" xml:lang="en-US" id="label_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables_5">Provision for losses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables" xlink:to="label_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables_5" xlink:title="Label : AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables to label_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables_5" />
    <link:label xlink:type="resource" xlink:label="label_CashCashEquivalentsAndFinancialInvestments_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CashCashEquivalentsAndFinancialInvestments_1" xml:lang="en-US" id="label_CashCashEquivalentsAndFinancialInvestments_1">Counterparty credit rating</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashCashEquivalentsAndFinancialInvestments" xlink:to="label_CashCashEquivalentsAndFinancialInvestments_1" xlink:title="Label : CashCashEquivalentsAndFinancialInvestments to label_CashCashEquivalentsAndFinancialInvestments_1" />
    <link:label xlink:type="resource" xlink:label="label_CashCashEquivalentsAndFinancialInvestments_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashCashEquivalentsAndFinancialInvestments_2" xml:lang="en-US" id="label_CashCashEquivalentsAndFinancialInvestments_2">Cash, cash equivalents, and financial investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashCashEquivalentsAndFinancialInvestments" xlink:to="label_CashCashEquivalentsAndFinancialInvestments_2" xlink:title="Label : CashCashEquivalentsAndFinancialInvestments to label_CashCashEquivalentsAndFinancialInvestments_2" />
    <link:label xlink:type="resource" xlink:label="label_CashCashEquivalentsAndFinancialInvestments_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashCashEquivalentsAndFinancialInvestments_3" xml:lang="en-US" id="label_CashCashEquivalentsAndFinancialInvestments_3">Cash cash equivalents and financial investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashCashEquivalentsAndFinancialInvestments" xlink:to="label_CashCashEquivalentsAndFinancialInvestments_3" xlink:title="Label : CashCashEquivalentsAndFinancialInvestments to label_CashCashEquivalentsAndFinancialInvestments_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfExternalCreditExposuresLineItems" xlink:label="DisclosureOfExternalCreditExposuresLineItems" xlink:title="DisclosureOfExternalCreditExposuresLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfExternalCreditExposuresLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfExternalCreditExposuresLineItems" xml:lang="en-US" id="label_DisclosureOfExternalCreditExposuresLineItems">Disclosure of external credit grades [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfExternalCreditExposuresLineItems" xlink:to="label_DisclosureOfExternalCreditExposuresLineItems" xlink:title="Label : DisclosureOfExternalCreditExposuresLineItems to label_DisclosureOfExternalCreditExposuresLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfExternalCreditExposuresLineItems_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfExternalCreditExposuresLineItems_1" xml:lang="en-US" id="label_DisclosureOfExternalCreditExposuresLineItems_1">Disclosure of external credit grades [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfExternalCreditExposuresLineItems" xlink:to="label_DisclosureOfExternalCreditExposuresLineItems_1" xlink:title="Label : DisclosureOfExternalCreditExposuresLineItems to label_DisclosureOfExternalCreditExposuresLineItems_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OtherExternalCreditGradesMember" xlink:label="OtherExternalCreditGradesMember" xlink:title="OtherExternalCreditGradesMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherExternalCreditGradesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherExternalCreditGradesMember" xml:lang="en-US" id="label_OtherExternalCreditGradesMember">Others [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherExternalCreditGradesMember" xlink:to="label_OtherExternalCreditGradesMember" xlink:title="Label : OtherExternalCreditGradesMember to label_OtherExternalCreditGradesMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherExternalCreditGradesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherExternalCreditGradesMember_1" xml:lang="en-US" id="label_OtherExternalCreditGradesMember_1">This member stands for credit grades that have been provided by other external rating agencies.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherExternalCreditGradesMember" xlink:to="label_OtherExternalCreditGradesMember_1" xlink:title="Label : OtherExternalCreditGradesMember to label_OtherExternalCreditGradesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherExternalCreditGradesMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherExternalCreditGradesMember_2" xml:lang="en-US" id="label_OtherExternalCreditGradesMember_2">Other external credit grades [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherExternalCreditGradesMember" xlink:to="label_OtherExternalCreditGradesMember_2" xlink:title="Label : OtherExternalCreditGradesMember to label_OtherExternalCreditGradesMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AMember" xlink:label="AMember" xlink:title="AMember" />
    <link:label xlink:type="resource" xlink:label="label_AMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AMember" xml:lang="en-US" id="label_AMember">A- [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AMember" xlink:to="label_AMember" xlink:title="Label : AMember to label_AMember" />
    <link:label xlink:type="resource" xlink:label="label_AMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AMember_1" xml:lang="en-US" id="label_AMember_1">A [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AMember" xlink:to="label_AMember_1" xlink:title="Label : AMember to label_AMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AMember_2" xml:lang="en-US" id="label_AMember_2">This member stands for the information pertaining to grade A of credit rating.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AMember" xlink:to="label_AMember_2" xlink:title="Label : AMember to label_AMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AAMember" xlink:label="AAMember" xlink:title="AAMember" />
    <link:label xlink:type="resource" xlink:label="label_AAMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AAMember" xml:lang="en-US" id="label_AAMember">This member stands for the information pertaining to grade AA of credit rating.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AAMember" xlink:to="label_AAMember" xlink:title="Label : AAMember to label_AAMember" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesTextBlock" xlink:label="DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesTextBlock" xlink:title="DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesTextBlock" xml:lang="en-US" id="label_DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesTextBlock">Disclosure of Principles of Consolidation and Investments in Subsidiaries [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesTextBlock" xlink:to="label_DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesTextBlock" xlink:title="Label : DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesTextBlock to label_DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesTextBlock_1" xml:lang="en-US" id="label_DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesTextBlock_1">Principles of Consolidation and Investments in Subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesTextBlock" xlink:to="label_DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesTextBlock_1" xlink:title="Label : DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesTextBlock to label_DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesTextBlock_2" xml:lang="en-US" id="label_DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesTextBlock_2">The entire disclosure of the principles of consolidation and investments in subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesTextBlock" xlink:to="label_DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesTextBlock_2" xlink:title="Label : DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesTextBlock to label_DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesTextBlock_2" />
    <link:label xlink:type="resource" xlink:label="label_AAMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AAMember_1" xml:lang="en-US" id="label_AAMember_1">AA [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AAMember" xlink:to="label_AAMember_1" xlink:title="Label : AAMember to label_AAMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AAMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AAMember_2" xml:lang="en-US" id="label_AAMember_2">AA [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AAMember" xlink:to="label_AAMember_2" xlink:title="Label : AAMember to label_AAMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AAAMember" xlink:label="AAAMember" xlink:title="AAAMember" />
    <link:label xlink:type="resource" xlink:label="label_AAAMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AAAMember" xml:lang="en-US" id="label_AAAMember">This member stands for the information pertaining to grade AAA of credit rating.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AAAMember" xlink:to="label_AAAMember" xlink:title="Label : AAAMember to label_AAAMember" />
    <link:label xlink:type="resource" xlink:label="label_AAAMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AAAMember_1" xml:lang="en-US" id="label_AAAMember_1">AAA [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AAAMember" xlink:to="label_AAAMember_1" xlink:title="Label : AAAMember to label_AAAMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AAAMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AAAMember_2" xml:lang="en-US" id="label_AAAMember_2">A A A [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AAAMember" xlink:to="label_AAAMember_2" xlink:title="Label : AAAMember to label_AAAMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ExternalCreditGradesDomain" xlink:label="ExternalCreditGradesDomain" xlink:title="ExternalCreditGradesDomain" />
    <link:label xlink:type="resource" xlink:label="label_ExternalCreditGradesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExternalCreditGradesDomain" xml:lang="en-US" id="label_ExternalCreditGradesDomain">External credit grades [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExternalCreditGradesDomain" xlink:to="label_ExternalCreditGradesDomain" xlink:title="Label : ExternalCreditGradesDomain to label_ExternalCreditGradesDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ExternalCreditGradesAxis" xlink:label="ExternalCreditGradesAxis" xlink:title="ExternalCreditGradesAxis" />
    <link:label xlink:type="resource" xlink:label="label_ExternalCreditGradesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExternalCreditGradesAxis" xml:lang="en-US" id="label_ExternalCreditGradesAxis">External credit grades [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExternalCreditGradesAxis" xlink:to="label_ExternalCreditGradesAxis" xlink:title="Label : ExternalCreditGradesAxis to label_ExternalCreditGradesAxis" />
    <link:label xlink:type="resource" xlink:label="label_ExternalCreditGradesAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExternalCreditGradesAxis_1" xml:lang="en-US" id="label_ExternalCreditGradesAxis_1">External credit grades [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExternalCreditGradesAxis" xlink:to="label_ExternalCreditGradesAxis_1" xlink:title="Label : ExternalCreditGradesAxis to label_ExternalCreditGradesAxis_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfExternalCreditExposuresTable" xlink:label="DisclosureOfExternalCreditExposuresTable" xlink:title="DisclosureOfExternalCreditExposuresTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfExternalCreditExposuresTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfExternalCreditExposuresTable" xml:lang="en-US" id="label_DisclosureOfExternalCreditExposuresTable">Disclosure of external credit grades [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfExternalCreditExposuresTable" xlink:to="label_DisclosureOfExternalCreditExposuresTable" xlink:title="Label : DisclosureOfExternalCreditExposuresTable to label_DisclosureOfExternalCreditExposuresTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfExternalCreditExposuresTable_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfExternalCreditExposuresTable_1" xml:lang="en-US" id="label_DisclosureOfExternalCreditExposuresTable_1">Disclosure of external credit grades [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfExternalCreditExposuresTable" xlink:to="label_DisclosureOfExternalCreditExposuresTable_1" xlink:title="Label : DisclosureOfExternalCreditExposuresTable to label_DisclosureOfExternalCreditExposuresTable_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncrementalExpenses" xlink:label="IncrementalExpenses" xlink:title="IncrementalExpenses" />
    <link:label xlink:type="resource" xlink:label="label_IncrementalExpenses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncrementalExpenses" xml:lang="en-US" id="label_IncrementalExpenses">Incremental expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncrementalExpenses" xlink:to="label_IncrementalExpenses" xlink:title="Label : IncrementalExpenses to label_IncrementalExpenses" />
    <link:label xlink:type="resource" xlink:label="label_IncrementalExpenses_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncrementalExpenses_1" xml:lang="en-US" id="label_IncrementalExpenses_1">Incremental Expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncrementalExpenses" xlink:to="label_IncrementalExpenses_1" xlink:title="Label : IncrementalExpenses to label_IncrementalExpenses_1" />
    <link:label xlink:type="resource" xlink:label="label_IncrementalExpenses_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_IncrementalExpenses_2" xml:lang="en-US" id="label_IncrementalExpenses_2">Incremental expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncrementalExpenses" xlink:to="label_IncrementalExpenses_2" xlink:title="Label : IncrementalExpenses to label_IncrementalExpenses_2" />
    <link:label xlink:type="resource" xlink:label="label_IncrementalExpenses_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncrementalExpenses_3" xml:lang="en-US" id="label_IncrementalExpenses_3">The amount of incremental expenses regarding Exposure of interest rate risk.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncrementalExpenses" xlink:to="label_IncrementalExpenses_3" xlink:title="Label : IncrementalExpenses to label_IncrementalExpenses_3" />
    <link:label xlink:type="resource" xlink:label="label_InterestRateHedgingInstrumentsLiabilitiesInterestEffect_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestRateHedgingInstrumentsLiabilitiesInterestEffect_1" xml:lang="en-US" id="label_InterestRateHedgingInstrumentsLiabilitiesInterestEffect_1">Interest Rate Hedging Instruments Liabilities Interest Effect</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateHedgingInstrumentsLiabilitiesInterestEffect" xlink:to="label_InterestRateHedgingInstrumentsLiabilitiesInterestEffect_1" xlink:title="Label : InterestRateHedgingInstrumentsLiabilitiesInterestEffect to label_InterestRateHedgingInstrumentsLiabilitiesInterestEffect_1" />
    <link:label xlink:type="resource" xlink:label="label_InterestRateHedgingInstrumentsLiabilitiesInterestEffect_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestRateHedgingInstrumentsLiabilitiesInterestEffect_2" xml:lang="en-US" id="label_InterestRateHedgingInstrumentsLiabilitiesInterestEffect_2">Effect on income of short positions in DI of debt hedging instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateHedgingInstrumentsLiabilitiesInterestEffect" xlink:to="label_InterestRateHedgingInstrumentsLiabilitiesInterestEffect_2" xlink:title="Label : InterestRateHedgingInstrumentsLiabilitiesInterestEffect to label_InterestRateHedgingInstrumentsLiabilitiesInterestEffect_2" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeHedgingInstrumentsAssetsInterestEffect_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ForeignExchangeHedgingInstrumentsAssetsInterestEffect_1" xml:lang="en-US" id="label_ForeignExchangeHedgingInstrumentsAssetsInterestEffect_1">Foreign exchange hedging instruments (assets in LIBOR) effect</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeHedgingInstrumentsAssetsInterestEffect" xlink:to="label_ForeignExchangeHedgingInstrumentsAssetsInterestEffect_1" xlink:title="Label : ForeignExchangeHedgingInstrumentsAssetsInterestEffect to label_ForeignExchangeHedgingInstrumentsAssetsInterestEffect_1" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeHedgingInstrumentsAssetsInterestEffect_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignExchangeHedgingInstrumentsAssetsInterestEffect_2" xml:lang="en-US" id="label_ForeignExchangeHedgingInstrumentsAssetsInterestEffect_2">Foreign Exchange Hedging Instruments Assets Interest Effect</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeHedgingInstrumentsAssetsInterestEffect" xlink:to="label_ForeignExchangeHedgingInstrumentsAssetsInterestEffect_2" xlink:title="Label : ForeignExchangeHedgingInstrumentsAssetsInterestEffect to label_ForeignExchangeHedgingInstrumentsAssetsInterestEffect_2" />
    <link:label xlink:type="resource" xlink:label="label_InterestEffectOnCashEquivalentsAndFinancialInvestments_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_InterestEffectOnCashEquivalentsAndFinancialInvestments_1" xml:lang="en-US" id="label_InterestEffectOnCashEquivalentsAndFinancialInvestments_1">Effect on interest of cash equivalents and financial investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestEffectOnCashEquivalentsAndFinancialInvestments" xlink:to="label_InterestEffectOnCashEquivalentsAndFinancialInvestments_1" xlink:title="Label : InterestEffectOnCashEquivalentsAndFinancialInvestments to label_InterestEffectOnCashEquivalentsAndFinancialInvestments_1" />
    <link:label xlink:type="resource" xlink:label="label_InterestEffectOnCashEquivalentsAndFinancialInvestments_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestEffectOnCashEquivalentsAndFinancialInvestments_2" xml:lang="en-US" id="label_InterestEffectOnCashEquivalentsAndFinancialInvestments_2">Interest effect on cash equivalents and financial investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestEffectOnCashEquivalentsAndFinancialInvestments" xlink:to="label_InterestEffectOnCashEquivalentsAndFinancialInvestments_2" xlink:title="Label : InterestEffectOnCashEquivalentsAndFinancialInvestments to label_InterestEffectOnCashEquivalentsAndFinancialInvestments_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfNewAccountingPoliciesChangesInAccountingPoliciesExplanatory" xlink:label="DisclosureOfNewAccountingPoliciesChangesInAccountingPoliciesExplanatory" xlink:title="DisclosureOfNewAccountingPoliciesChangesInAccountingPoliciesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfNewAccountingPoliciesChangesInAccountingPoliciesExplanatory" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfNewAccountingPoliciesChangesInAccountingPoliciesExplanatory" xml:lang="en-US" id="label_DisclosureOfNewAccountingPoliciesChangesInAccountingPoliciesExplanatory">The disclosure of new accounting policies adopted and changes made to accounting policies by the entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfNewAccountingPoliciesChangesInAccountingPoliciesExplanatory" xlink:to="label_DisclosureOfNewAccountingPoliciesChangesInAccountingPoliciesExplanatory" xlink:title="Label : DisclosureOfNewAccountingPoliciesChangesInAccountingPoliciesExplanatory to label_DisclosureOfNewAccountingPoliciesChangesInAccountingPoliciesExplanatory" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ExposureOfInterestRateRiskAbstract" xlink:label="ExposureOfInterestRateRiskAbstract" xlink:title="ExposureOfInterestRateRiskAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ExposureOfInterestRateRiskAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ExposureOfInterestRateRiskAbstract" xml:lang="en-US" id="label_ExposureOfInterestRateRiskAbstract">Exposure of interest rate risk.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExposureOfInterestRateRiskAbstract" xlink:to="label_ExposureOfInterestRateRiskAbstract" xlink:title="Label : ExposureOfInterestRateRiskAbstract to label_ExposureOfInterestRateRiskAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ExposureOfInterestRateRiskAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExposureOfInterestRateRiskAbstract_1" xml:lang="en-US" id="label_ExposureOfInterestRateRiskAbstract_1">Exposure of interest rate risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExposureOfInterestRateRiskAbstract" xlink:to="label_ExposureOfInterestRateRiskAbstract_1" xlink:title="Label : ExposureOfInterestRateRiskAbstract to label_ExposureOfInterestRateRiskAbstract_1" />
    <link:label xlink:type="resource" xlink:label="label_ExposureOfInterestRateRiskAbstract_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExposureOfInterestRateRiskAbstract_2" xml:lang="en-US" id="label_ExposureOfInterestRateRiskAbstract_2">Exposure of interest rate risk [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExposureOfInterestRateRiskAbstract" xlink:to="label_ExposureOfInterestRateRiskAbstract_2" xlink:title="Label : ExposureOfInterestRateRiskAbstract to label_ExposureOfInterestRateRiskAbstract_2" />
    <link:label xlink:type="resource" xlink:label="label_NetAssetsLiabilitiesPositionExposedToFloatingInterestRates_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetAssetsLiabilitiesPositionExposedToFloatingInterestRates_2" xml:lang="en-US" id="label_NetAssetsLiabilitiesPositionExposedToFloatingInterestRates_2">Net Assets Liabilities Position Exposed to Floating Interest Rates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetAssetsLiabilitiesPositionExposedToFloatingInterestRates" xlink:to="label_NetAssetsLiabilitiesPositionExposedToFloatingInterestRates_2" xlink:title="Label : NetAssetsLiabilitiesPositionExposedToFloatingInterestRates to label_NetAssetsLiabilitiesPositionExposedToFloatingInterestRates_2" />
    <link:label xlink:type="resource" xlink:label="label_NetAssetsLiabilitiesPositionExposedToFloatingInterestRates_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NetAssetsLiabilitiesPositionExposedToFloatingInterestRates_3" xml:lang="en-US" id="label_NetAssetsLiabilitiesPositionExposedToFloatingInterestRates_3">The amount of total net asset (liability) position exposed to floating interest.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetAssetsLiabilitiesPositionExposedToFloatingInterestRates" xlink:to="label_NetAssetsLiabilitiesPositionExposedToFloatingInterestRates_3" xlink:title="Label : NetAssetsLiabilitiesPositionExposedToFloatingInterestRates to label_NetAssetsLiabilitiesPositionExposedToFloatingInterestRates_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LoanPayablesMember" xlink:label="LoanPayablesMember" xlink:title="LoanPayablesMember" />
    <link:label xlink:type="resource" xlink:label="label_LoanPayablesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LoanPayablesMember" xml:lang="en-US" id="label_LoanPayablesMember">This member stands for the information pertaining to loans payable.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanPayablesMember" xlink:to="label_LoanPayablesMember" xlink:title="Label : LoanPayablesMember to label_LoanPayablesMember" />
    <link:label xlink:type="resource" xlink:label="label_LoanPayablesMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LoanPayablesMember_1" xml:lang="en-US" id="label_LoanPayablesMember_1">Loans [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanPayablesMember" xlink:to="label_LoanPayablesMember_1" xlink:title="Label : LoanPayablesMember to label_LoanPayablesMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesTextBlock" xlink:label="DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesTextBlock" xlink:title="DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesTextBlock" xml:lang="en-US" id="label_DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesTextBlock">Disclosure of Presentation of Financial Statements and Summary of Significant Accounting Policies [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesTextBlock" xlink:to="label_DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesTextBlock" xlink:title="Label : DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesTextBlock to label_DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_LoanPayablesMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoanPayablesMember_2" xml:lang="en-US" id="label_LoanPayablesMember_2">Loan Payables [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanPayablesMember" xlink:to="label_LoanPayablesMember_2" xlink:title="Label : LoanPayablesMember to label_LoanPayablesMember_2" />
    <link:label xlink:type="resource" xlink:label="label_AssetPositionOfForeignExchangeHedgingInstrumentsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AssetPositionOfForeignExchangeHedgingInstrumentsMember_1" xml:lang="en-US" id="label_AssetPositionOfForeignExchangeHedgingInstrumentsMember_1">Asset position of foreign exchange hedging instruments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetPositionOfForeignExchangeHedgingInstrumentsMember" xlink:to="label_AssetPositionOfForeignExchangeHedgingInstrumentsMember_1" xlink:title="Label : AssetPositionOfForeignExchangeHedgingInstrumentsMember to label_AssetPositionOfForeignExchangeHedgingInstrumentsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AssetPositionOfForeignExchangeHedgingInstrumentsMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssetPositionOfForeignExchangeHedgingInstrumentsMember_2" xml:lang="en-US" id="label_AssetPositionOfForeignExchangeHedgingInstrumentsMember_2">Asset Position of Foreign Exchange Hedging Instruments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetPositionOfForeignExchangeHedgingInstrumentsMember" xlink:to="label_AssetPositionOfForeignExchangeHedgingInstrumentsMember_2" xlink:title="Label : AssetPositionOfForeignExchangeHedgingInstrumentsMember to label_AssetPositionOfForeignExchangeHedgingInstrumentsMember_2" />
    <link:label xlink:type="resource" xlink:label="label_LiabilityPositionOfHedgingInstrumentsPreFixedMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LiabilityPositionOfHedgingInstrumentsPreFixedMember_1" xml:lang="en-US" id="label_LiabilityPositionOfHedgingInstrumentsPreFixedMember_1">Liability position of fixed interest instruments + IPCA &#x2013; DI [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilityPositionOfHedgingInstrumentsPreFixedMember" xlink:to="label_LiabilityPositionOfHedgingInstrumentsPreFixedMember_1" xlink:title="Label : LiabilityPositionOfHedgingInstrumentsPreFixedMember to label_LiabilityPositionOfHedgingInstrumentsPreFixedMember_1" />
    <link:label xlink:type="resource" xlink:label="label_LiabilityPositionOfHedgingInstrumentsPreFixedMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilityPositionOfHedgingInstrumentsPreFixedMember_2" xml:lang="en-US" id="label_LiabilityPositionOfHedgingInstrumentsPreFixedMember_2">Liability Position of Hedging Instruments Pre Fixed [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilityPositionOfHedgingInstrumentsPreFixedMember" xlink:to="label_LiabilityPositionOfHedgingInstrumentsPreFixedMember_2" xlink:title="Label : LiabilityPositionOfHedgingInstrumentsPreFixedMember to label_LiabilityPositionOfHedgingInstrumentsPreFixedMember_2" />
    <link:label xlink:type="resource" xlink:label="label_LiabilityPositionOfForeignExchangeHedgingInstrumentsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilityPositionOfForeignExchangeHedgingInstrumentsMember_1" xml:lang="en-US" id="label_LiabilityPositionOfForeignExchangeHedgingInstrumentsMember_1">Liability Position of Foreign Exchange Hedging Instruments [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilityPositionOfForeignExchangeHedgingInstrumentsMember" xlink:to="label_LiabilityPositionOfForeignExchangeHedgingInstrumentsMember_1" xlink:title="Label : LiabilityPositionOfForeignExchangeHedgingInstrumentsMember to label_LiabilityPositionOfForeignExchangeHedgingInstrumentsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesTextBlock_1" xml:lang="en-US" id="label_DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesTextBlock_1">Basis of preparation and presentation of consolidated financial statements and significant accounting policies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesTextBlock" xlink:to="label_DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesTextBlock_1" xlink:title="Label : DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesTextBlock to label_DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesTextBlock_2" xml:lang="en-US" id="label_DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesTextBlock_2">The entire disclosure of the presentation of financial statements and summary of significant accounting policies of the reporting entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesTextBlock" xlink:to="label_DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesTextBlock_2" xlink:title="Label : DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesTextBlock to label_DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesTextBlock_2" />
    <link:label xlink:type="resource" xlink:label="label_LiabilityPositionOfForeignExchangeHedgingInstrumentsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LiabilityPositionOfForeignExchangeHedgingInstrumentsMember_2" xml:lang="en-US" id="label_LiabilityPositionOfForeignExchangeHedgingInstrumentsMember_2">Liability position foreign exchange hedging instruments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilityPositionOfForeignExchangeHedgingInstrumentsMember" xlink:to="label_LiabilityPositionOfForeignExchangeHedgingInstrumentsMember_2" xlink:title="Label : LiabilityPositionOfForeignExchangeHedgingInstrumentsMember to label_LiabilityPositionOfForeignExchangeHedgingInstrumentsMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesAbstract" xlink:label="DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesAbstract" xlink:title="DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesAbstract" xml:lang="en-US" id="label_DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesAbstract">Basis of preparation and presentation of consolidated financial statements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesAbstract" xlink:to="label_DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesAbstract" xlink:title="Label : DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesAbstract to label_DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesAbstract" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect" xlink:label="AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect" xlink:title="AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect" />
    <link:label xlink:type="resource" xlink:label="label_AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect" xml:lang="en-US" id="label_AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect">Represents the acquisition of property, plant and equipment and intangible assets without cash effect.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect" xlink:to="label_AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect" xlink:title="Label : AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect to label_AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LoansAndDebenturesMember" xlink:label="LoansAndDebenturesMember" xlink:title="LoansAndDebenturesMember" />
    <link:label xlink:type="resource" xlink:label="label_LoansAndDebenturesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoansAndDebenturesMember" xml:lang="en-US" id="label_LoansAndDebenturesMember">Loans and debentures [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansAndDebenturesMember" xlink:to="label_LoansAndDebenturesMember" xlink:title="Label : LoansAndDebenturesMember to label_LoansAndDebenturesMember" />
    <link:label xlink:type="resource" xlink:label="label_AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect_1" xml:lang="en-US" id="label_AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect_1">Acquisition of property, plant and equipment and intangible assets without cash effect</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect" xlink:to="label_AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect_1" xlink:title="Label : AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect to label_AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect_1" />
    <link:label xlink:type="resource" xlink:label="label_LoansAndDebenturesMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LoansAndDebenturesMember_1" xml:lang="en-US" id="label_LoansAndDebenturesMember_1">Loans and debentures [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansAndDebenturesMember" xlink:to="label_LoansAndDebenturesMember_1" xlink:title="Label : LoansAndDebenturesMember to label_LoansAndDebenturesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_LoansAndDebenturesMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LoansAndDebenturesMember_2" xml:lang="en-US" id="label_LoansAndDebenturesMember_2">This member stands for the information pertaining to loans and debentures.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansAndDebenturesMember" xlink:to="label_LoansAndDebenturesMember_2" xlink:title="Label : LoansAndDebenturesMember to label_LoansAndDebenturesMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TradeReceivablesSaleOfSubsidiariesMember" xlink:label="TradeReceivablesSaleOfSubsidiariesMember" xlink:title="TradeReceivablesSaleOfSubsidiariesMember" />
    <link:label xlink:type="resource" xlink:label="label_TradeReceivablesSaleOfSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradeReceivablesSaleOfSubsidiariesMember" xml:lang="en-US" id="label_TradeReceivablesSaleOfSubsidiariesMember">Trade receivables - sale of subsidiaries [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeReceivablesSaleOfSubsidiariesMember" xlink:to="label_TradeReceivablesSaleOfSubsidiariesMember" xlink:title="Label : TradeReceivablesSaleOfSubsidiariesMember to label_TradeReceivablesSaleOfSubsidiariesMember" />
    <link:label xlink:type="resource" xlink:label="label_TradeReceivablesSaleOfSubsidiariesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TradeReceivablesSaleOfSubsidiariesMember_1" xml:lang="en-US" id="label_TradeReceivablesSaleOfSubsidiariesMember_1">This member stands for the information pertaining to trade receivables - sale of subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeReceivablesSaleOfSubsidiariesMember" xlink:to="label_TradeReceivablesSaleOfSubsidiariesMember_1" xlink:title="Label : TradeReceivablesSaleOfSubsidiariesMember to label_TradeReceivablesSaleOfSubsidiariesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TradeReceivablesSaleOfSubsidiariesMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradeReceivablesSaleOfSubsidiariesMember_2" xml:lang="en-US" id="label_TradeReceivablesSaleOfSubsidiariesMember_2">Trade Receivables Sale of Subsidiaries [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeReceivablesSaleOfSubsidiariesMember" xlink:to="label_TradeReceivablesSaleOfSubsidiariesMember_2" xlink:title="Label : TradeReceivablesSaleOfSubsidiariesMember to label_TradeReceivablesSaleOfSubsidiariesMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FinancialInvestmentsMember" xlink:label="FinancialInvestmentsMember" xlink:title="FinancialInvestmentsMember" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FinancialInvestmentsMember" xml:lang="en-US" id="label_FinancialInvestmentsMember">This member stands for the information pertaining to financial investments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsMember" xlink:to="label_FinancialInvestmentsMember" xlink:title="Label : FinancialInvestmentsMember to label_FinancialInvestmentsMember" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinancialInvestmentsMember_1" xml:lang="en-US" id="label_FinancialInvestmentsMember_1">Financial investments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsMember" xlink:to="label_FinancialInvestmentsMember_1" xlink:title="Label : FinancialInvestmentsMember to label_FinancialInvestmentsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect_2" xml:lang="en-US" id="label_AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect_2">Acquisition Of Property Plant And Equipment And Intangible Assets Without Cash Effect</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect" xlink:to="label_AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect_2" xlink:title="Label : AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect to label_AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect_2" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialInvestmentsMember_2" xml:lang="en-US" id="label_FinancialInvestmentsMember_2">Financial Investments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsMember" xlink:to="label_FinancialInvestmentsMember_2" xlink:title="Label : FinancialInvestmentsMember to label_FinancialInvestmentsMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CashEquivalentMember" xlink:label="CashEquivalentMember" xlink:title="CashEquivalentMember" />
    <link:label xlink:type="resource" xlink:label="label_CashEquivalentMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CashEquivalentMember" xml:lang="en-US" id="label_CashEquivalentMember">This member stands for the information pertaining to cash equivalents.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashEquivalentMember" xlink:to="label_CashEquivalentMember" xlink:title="Label : CashEquivalentMember to label_CashEquivalentMember" />
    <link:label xlink:type="resource" xlink:label="label_CashEquivalentMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashEquivalentMember_1" xml:lang="en-US" id="label_CashEquivalentMember_1">Cash equivalents [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashEquivalentMember" xlink:to="label_CashEquivalentMember_1" xlink:title="Label : CashEquivalentMember to label_CashEquivalentMember_1" />
    <link:label xlink:type="resource" xlink:label="label_CashEquivalentMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashEquivalentMember_2" xml:lang="en-US" id="label_CashEquivalentMember_2">Cash equivalent [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashEquivalentMember" xlink:to="label_CashEquivalentMember_2" xlink:title="Label : CashEquivalentMember to label_CashEquivalentMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_BalanceSheetPositionDomain" xlink:label="BalanceSheetPositionDomain" xlink:title="BalanceSheetPositionDomain" />
    <link:label xlink:type="resource" xlink:label="label_BalanceSheetPositionDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BalanceSheetPositionDomain" xml:lang="en-US" id="label_BalanceSheetPositionDomain">Balance Sheet Position [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BalanceSheetPositionDomain" xlink:to="label_BalanceSheetPositionDomain" xlink:title="Label : BalanceSheetPositionDomain to label_BalanceSheetPositionDomain" />
    <link:label xlink:type="resource" xlink:label="label_BalanceSheetPositionDomain_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BalanceSheetPositionDomain_1" xml:lang="en-US" id="label_BalanceSheetPositionDomain_1">Liability position [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BalanceSheetPositionDomain" xlink:to="label_BalanceSheetPositionDomain_1" xlink:title="Label : BalanceSheetPositionDomain to label_BalanceSheetPositionDomain_1" />
    <link:label xlink:type="resource" xlink:label="label_BalanceSheetPositionDomain_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BalanceSheetPositionDomain_2" xml:lang="en-US" id="label_BalanceSheetPositionDomain_2">Liability position [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BalanceSheetPositionDomain" xlink:to="label_BalanceSheetPositionDomain_2" xlink:title="Label : BalanceSheetPositionDomain to label_BalanceSheetPositionDomain_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_BalanceSheetPositionAxis" xlink:label="BalanceSheetPositionAxis" xlink:title="BalanceSheetPositionAxis" />
    <link:label xlink:type="resource" xlink:label="label_BalanceSheetPositionAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BalanceSheetPositionAxis" xml:lang="en-US" id="label_BalanceSheetPositionAxis">Balance Sheet Position [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BalanceSheetPositionAxis" xlink:to="label_BalanceSheetPositionAxis" xlink:title="Label : BalanceSheetPositionAxis to label_BalanceSheetPositionAxis" />
    <link:label xlink:type="resource" xlink:label="label_BalanceSheetPositionAxis_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BalanceSheetPositionAxis_1" xml:lang="en-US" id="label_BalanceSheetPositionAxis_1">Liability position [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BalanceSheetPositionAxis" xlink:to="label_BalanceSheetPositionAxis_1" xlink:title="Label : BalanceSheetPositionAxis to label_BalanceSheetPositionAxis_1" />
    <link:label xlink:type="resource" xlink:label="label_BalanceSheetPositionAxis_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BalanceSheetPositionAxis_2" xml:lang="en-US" id="label_BalanceSheetPositionAxis_2">Liability position [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BalanceSheetPositionAxis" xlink:to="label_BalanceSheetPositionAxis_2" xlink:title="Label : BalanceSheetPositionAxis to label_BalanceSheetPositionAxis_2" />
    <link:label xlink:type="resource" xlink:label="label_SelicMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SelicMember_1" xml:lang="en-US" id="label_SelicMember_1">Selic [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SelicMember" xlink:to="label_SelicMember_1" xlink:title="Label : SelicMember to label_SelicMember_1" />
    <link:label xlink:type="resource" xlink:label="label_SelicMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SelicMember_2" xml:lang="en-US" id="label_SelicMember_2">SELIC [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SelicMember" xlink:to="label_SelicMember_2" xlink:title="Label : SelicMember to label_SelicMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TJLPMember" xlink:label="TJLPMember" xlink:title="TJLPMember" />
    <link:label xlink:type="resource" xlink:label="label_TJLPMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TJLPMember" xml:lang="en-US" id="label_TJLPMember">This member stands for the information pertaining to TJLP.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TJLPMember" xlink:to="label_TJLPMember" xlink:title="Label : TJLPMember to label_TJLPMember" />
    <link:label xlink:type="resource" xlink:label="label_TJLPMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TJLPMember_1" xml:lang="en-US" id="label_TJLPMember_1">TJLP [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TJLPMember" xlink:to="label_TJLPMember_1" xlink:title="Label : TJLPMember to label_TJLPMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TJLPMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TJLPMember_2" xml:lang="en-US" id="label_TJLPMember_2">T J L P [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TJLPMember" xlink:to="label_TJLPMember_2" xlink:title="Label : TJLPMember to label_TJLPMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DiMember" xlink:label="DiMember" xlink:title="DiMember" />
    <link:label xlink:type="resource" xlink:label="label_DiMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DiMember" xml:lang="en-US" id="label_DiMember">DI [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiMember" xlink:to="label_DiMember" xlink:title="Label : DiMember to label_DiMember" />
    <link:label xlink:type="resource" xlink:label="label_DiMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DiMember_1" xml:lang="en-US" id="label_DiMember_1">DI [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiMember" xlink:to="label_DiMember_1" xlink:title="Label : DiMember to label_DiMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DiMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DiMember_2" xml:lang="en-US" id="label_DiMember_2">This member stands for the information pertaining to DI.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiMember" xlink:to="label_DiMember_2" xlink:title="Label : DiMember to label_DiMember_2" />
    <link:label xlink:type="resource" xlink:label="label_IncomeStatementEffectincreaseShareholdersEquityDecreaseNetEffect_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_IncomeStatementEffectincreaseShareholdersEquityDecreaseNetEffect_1" xml:lang="en-US" id="label_IncomeStatementEffectincreaseShareholdersEquityDecreaseNetEffect_1">Total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeStatementEffectincreaseShareholdersEquityDecreaseNetEffect" xlink:to="label_IncomeStatementEffectincreaseShareholdersEquityDecreaseNetEffect_1" xlink:title="Label : IncomeStatementEffectincreaseShareholdersEquityDecreaseNetEffect to label_IncomeStatementEffectincreaseShareholdersEquityDecreaseNetEffect_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination" xlink:label="IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination" xlink:title="IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination" />
    <link:label xlink:type="resource" xlink:label="label_IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination" xml:lang="en-US" id="label_IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination">Issuance of shares related to the subscription warrants - indemnification - Extrafarma acquisition</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination" xlink:to="label_IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination" xlink:title="Label : IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination to label_IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination" />
    <link:label xlink:type="resource" xlink:label="label_IncomeStatementEffectincreaseShareholdersEquityDecreaseNetEffect_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncomeStatementEffectincreaseShareholdersEquityDecreaseNetEffect_2" xml:lang="en-US" id="label_IncomeStatementEffectincreaseShareholdersEquityDecreaseNetEffect_2">The amount of net effect regarding on Real devaluation risk.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeStatementEffectincreaseShareholdersEquityDecreaseNetEffect" xlink:to="label_IncomeStatementEffectincreaseShareholdersEquityDecreaseNetEffect_2" xlink:title="Label : IncomeStatementEffectincreaseShareholdersEquityDecreaseNetEffect to label_IncomeStatementEffectincreaseShareholdersEquityDecreaseNetEffect_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ExchangeRateAppreciationNetEffectOnLiabilityPosition" xlink:label="ExchangeRateAppreciationNetEffectOnLiabilityPosition" xlink:title="ExchangeRateAppreciationNetEffectOnLiabilityPosition" />
    <link:label xlink:type="resource" xlink:label="label_ExchangeRateAppreciationNetEffectOnLiabilityPosition" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExchangeRateAppreciationNetEffectOnLiabilityPosition" xml:lang="en-US" id="label_ExchangeRateAppreciationNetEffectOnLiabilityPosition">Exchange Rate Appreciation Net Effect on Liability Position</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExchangeRateAppreciationNetEffectOnLiabilityPosition" xlink:to="label_ExchangeRateAppreciationNetEffectOnLiabilityPosition" xlink:title="Label : ExchangeRateAppreciationNetEffectOnLiabilityPosition to label_ExchangeRateAppreciationNetEffectOnLiabilityPosition" />
    <link:label xlink:type="resource" xlink:label="label_ExchangeRateAppreciationNetEffectOnLiabilityPosition_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ExchangeRateAppreciationNetEffectOnLiabilityPosition_1" xml:lang="en-US" id="label_ExchangeRateAppreciationNetEffectOnLiabilityPosition_1">The amount of net effect on liability postion due to real appreciation in foreign exchange rates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExchangeRateAppreciationNetEffectOnLiabilityPosition" xlink:to="label_ExchangeRateAppreciationNetEffectOnLiabilityPosition_1" xlink:title="Label : ExchangeRateAppreciationNetEffectOnLiabilityPosition to label_ExchangeRateAppreciationNetEffectOnLiabilityPosition_1" />
    <link:label xlink:type="resource" xlink:label="label_ExchangeRateAppreciationNetEffectOnLiabilityPosition_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExchangeRateAppreciationNetEffectOnLiabilityPosition_2" xml:lang="en-US" id="label_ExchangeRateAppreciationNetEffectOnLiabilityPosition_2">Effect on equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExchangeRateAppreciationNetEffectOnLiabilityPosition" xlink:to="label_ExchangeRateAppreciationNetEffectOnLiabilityPosition_2" xlink:title="Label : ExchangeRateAppreciationNetEffectOnLiabilityPosition to label_ExchangeRateAppreciationNetEffectOnLiabilityPosition_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncomeStatementEffectIncrease" xlink:label="IncomeStatementEffectIncrease" xlink:title="IncomeStatementEffectIncrease" />
    <link:label xlink:type="resource" xlink:label="label_IncomeStatementEffectIncrease" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncomeStatementEffectIncrease" xml:lang="en-US" id="label_IncomeStatementEffectIncrease">The amount of increase in income statement effect regarding on Real devaluation risk.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeStatementEffectIncrease" xlink:to="label_IncomeStatementEffectIncrease" xlink:title="Label : IncomeStatementEffectIncrease to label_IncomeStatementEffectIncrease" />
    <link:label xlink:type="resource" xlink:label="label_IncomeStatementEffectIncrease_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncomeStatementEffectIncrease_1" xml:lang="en-US" id="label_IncomeStatementEffectIncrease_1">Effect on statement of income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeStatementEffectIncrease" xlink:to="label_IncomeStatementEffectIncrease_1" xlink:title="Label : IncomeStatementEffectIncrease to label_IncomeStatementEffectIncrease_1" />
    <link:label xlink:type="resource" xlink:label="label_IncomeStatementEffectIncrease_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeStatementEffectIncrease_2" xml:lang="en-US" id="label_IncomeStatementEffectIncrease_2">Income statement effect increase</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeStatementEffectIncrease" xlink:to="label_IncomeStatementEffectIncrease_2" xlink:title="Label : IncomeStatementEffectIncrease to label_IncomeStatementEffectIncrease_2" />
    <link:label xlink:type="resource" xlink:label="label_IncomeStatementEffectDecreaseShareHoldersEquityIncreaseNetEffect_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_IncomeStatementEffectDecreaseShareHoldersEquityIncreaseNetEffect_2" xml:lang="en-US" id="label_IncomeStatementEffectDecreaseShareHoldersEquityIncreaseNetEffect_2">Total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeStatementEffectDecreaseShareHoldersEquityIncreaseNetEffect" xlink:to="label_IncomeStatementEffectDecreaseShareHoldersEquityIncreaseNetEffect_2" xlink:title="Label : IncomeStatementEffectDecreaseShareHoldersEquityIncreaseNetEffect to label_IncomeStatementEffectDecreaseShareHoldersEquityIncreaseNetEffect_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ExchangeRateDevaluationNetEffectOnLiabilityPosition" xlink:label="ExchangeRateDevaluationNetEffectOnLiabilityPosition" xlink:title="ExchangeRateDevaluationNetEffectOnLiabilityPosition" />
    <link:label xlink:type="resource" xlink:label="label_ExchangeRateDevaluationNetEffectOnLiabilityPosition" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExchangeRateDevaluationNetEffectOnLiabilityPosition" xml:lang="en-US" id="label_ExchangeRateDevaluationNetEffectOnLiabilityPosition">Exchange Rate Devaluation Net Effect on Liability Position</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExchangeRateDevaluationNetEffectOnLiabilityPosition" xlink:to="label_ExchangeRateDevaluationNetEffectOnLiabilityPosition" xlink:title="Label : ExchangeRateDevaluationNetEffectOnLiabilityPosition to label_ExchangeRateDevaluationNetEffectOnLiabilityPosition" />
    <link:label xlink:type="resource" xlink:label="label_ExchangeRateDevaluationNetEffectOnLiabilityPosition_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ExchangeRateDevaluationNetEffectOnLiabilityPosition_1" xml:lang="en-US" id="label_ExchangeRateDevaluationNetEffectOnLiabilityPosition_1">The amount of net effect on liability postion due to real devaluation in foreign exchange rates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExchangeRateDevaluationNetEffectOnLiabilityPosition" xlink:to="label_ExchangeRateDevaluationNetEffectOnLiabilityPosition_1" xlink:title="Label : ExchangeRateDevaluationNetEffectOnLiabilityPosition to label_ExchangeRateDevaluationNetEffectOnLiabilityPosition_1" />
    <link:label xlink:type="resource" xlink:label="label_ExchangeRateDevaluationNetEffectOnLiabilityPosition_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExchangeRateDevaluationNetEffectOnLiabilityPosition_2" xml:lang="en-US" id="label_ExchangeRateDevaluationNetEffectOnLiabilityPosition_2">Effect on equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExchangeRateDevaluationNetEffectOnLiabilityPosition" xlink:to="label_ExchangeRateDevaluationNetEffectOnLiabilityPosition_2" xlink:title="Label : ExchangeRateDevaluationNetEffectOnLiabilityPosition to label_ExchangeRateDevaluationNetEffectOnLiabilityPosition_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncomeStatementEffectDecrease" xlink:label="IncomeStatementEffectDecrease" xlink:title="IncomeStatementEffectDecrease" />
    <link:label xlink:type="resource" xlink:label="label_IncomeStatementEffectDecrease" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeStatementEffectDecrease" xml:lang="en-US" id="label_IncomeStatementEffectDecrease">Income statement effect decrease</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeStatementEffectDecrease" xlink:to="label_IncomeStatementEffectDecrease" xlink:title="Label : IncomeStatementEffectDecrease to label_IncomeStatementEffectDecrease" />
    <link:label xlink:type="resource" xlink:label="label_IncomeStatementEffectDecrease_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncomeStatementEffectDecrease_1" xml:lang="en-US" id="label_IncomeStatementEffectDecrease_1">Effect on profit or loss</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeStatementEffectDecrease" xlink:to="label_IncomeStatementEffectDecrease_1" xlink:title="Label : IncomeStatementEffectDecrease to label_IncomeStatementEffectDecrease_1" />
    <link:label xlink:type="resource" xlink:label="label_IncomeStatementEffectDecrease_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncomeStatementEffectDecrease_2" xml:lang="en-US" id="label_IncomeStatementEffectDecrease_2">The amount of decrease in income statement effect regarding on Real appreciation risk.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeStatementEffectDecrease" xlink:to="label_IncomeStatementEffectDecrease_2" xlink:title="Label : IncomeStatementEffectDecrease to label_IncomeStatementEffectDecrease_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PeriodForSensitivityAnalysis" xlink:label="PeriodForSensitivityAnalysis" xlink:title="PeriodForSensitivityAnalysis" />
    <link:label xlink:type="resource" xlink:label="label_PeriodForSensitivityAnalysis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PeriodForSensitivityAnalysis" xml:lang="en-US" id="label_PeriodForSensitivityAnalysis">Period for sensitivity analysis</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodForSensitivityAnalysis" xlink:to="label_PeriodForSensitivityAnalysis" xlink:title="Label : PeriodForSensitivityAnalysis to label_PeriodForSensitivityAnalysis" />
    <link:label xlink:type="resource" xlink:label="label_PeriodForSensitivityAnalysis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PeriodForSensitivityAnalysis_1" xml:lang="en-US" id="label_PeriodForSensitivityAnalysis_1">Period for Sensitivity Analysis</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodForSensitivityAnalysis" xlink:to="label_PeriodForSensitivityAnalysis_1" xlink:title="Label : PeriodForSensitivityAnalysis to label_PeriodForSensitivityAnalysis_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NegativeGoodwillOfNotesInForeignMarket" xlink:label="NegativeGoodwillOfNotesInForeignMarket" xlink:title="NegativeGoodwillOfNotesInForeignMarket" />
    <link:label xlink:type="resource" xlink:label="label_NegativeGoodwillOfNotesInForeignMarket" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NegativeGoodwillOfNotesInForeignMarket" xml:lang="en-US" id="label_NegativeGoodwillOfNotesInForeignMarket">Negative Goodwill of Notes in Foreign Market</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NegativeGoodwillOfNotesInForeignMarket" xlink:to="label_NegativeGoodwillOfNotesInForeignMarket" xlink:title="Label : NegativeGoodwillOfNotesInForeignMarket to label_NegativeGoodwillOfNotesInForeignMarket" />
    <link:label xlink:type="resource" xlink:label="label_NegativeGoodwillOfNotesInForeignMarket_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NegativeGoodwillOfNotesInForeignMarket_1" xml:lang="en-US" id="label_NegativeGoodwillOfNotesInForeignMarket_1">The amount of negative goodwill of notes in the foreign market.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NegativeGoodwillOfNotesInForeignMarket" xlink:to="label_NegativeGoodwillOfNotesInForeignMarket_1" xlink:title="Label : NegativeGoodwillOfNotesInForeignMarket to label_NegativeGoodwillOfNotesInForeignMarket_1" />
    <link:label xlink:type="resource" xlink:label="label_NegativeGoodwillOfNotesInForeignMarket_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NegativeGoodwillOfNotesInForeignMarket_2" xml:lang="en-US" id="label_NegativeGoodwillOfNotesInForeignMarket_2">Negative goodwill of notes in the foreign market</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NegativeGoodwillOfNotesInForeignMarket" xlink:to="label_NegativeGoodwillOfNotesInForeignMarket_2" xlink:title="Label : NegativeGoodwillOfNotesInForeignMarket to label_NegativeGoodwillOfNotesInForeignMarket_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_EstimatedInvestmentsForNextFiscalYear" xlink:label="EstimatedInvestmentsForNextFiscalYear" xlink:title="EstimatedInvestmentsForNextFiscalYear" />
    <link:label xlink:type="resource" xlink:label="label_EstimatedInvestmentsForNextFiscalYear" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EstimatedInvestmentsForNextFiscalYear" xml:lang="en-US" id="label_EstimatedInvestmentsForNextFiscalYear">Investment plan</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedInvestmentsForNextFiscalYear" xlink:to="label_EstimatedInvestmentsForNextFiscalYear" xlink:title="Label : EstimatedInvestmentsForNextFiscalYear to label_EstimatedInvestmentsForNextFiscalYear" />
    <link:label xlink:type="resource" xlink:label="label_EstimatedInvestmentsForNextFiscalYear_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EstimatedInvestmentsForNextFiscalYear_1" xml:lang="en-US" id="label_EstimatedInvestmentsForNextFiscalYear_1">The amount of estimated investments for next fiscal year.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedInvestmentsForNextFiscalYear" xlink:to="label_EstimatedInvestmentsForNextFiscalYear_1" xlink:title="Label : EstimatedInvestmentsForNextFiscalYear to label_EstimatedInvestmentsForNextFiscalYear_1" />
    <link:label xlink:type="resource" xlink:label="label_EstimatedInvestmentsForNextFiscalYear_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EstimatedInvestmentsForNextFiscalYear_2" xml:lang="en-US" id="label_EstimatedInvestmentsForNextFiscalYear_2">Estimated Investments For Next Fiscal Year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedInvestmentsForNextFiscalYear" xlink:to="label_EstimatedInvestmentsForNextFiscalYear_2" xlink:title="Label : EstimatedInvestmentsForNextFiscalYear to label_EstimatedInvestmentsForNextFiscalYear_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FloatingInterestRate" xlink:label="FloatingInterestRate" xlink:title="FloatingInterestRate" />
    <link:label xlink:type="resource" xlink:label="label_FloatingInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FloatingInterestRate" xml:lang="en-US" id="label_FloatingInterestRate">Floating Interest Rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FloatingInterestRate" xlink:to="label_FloatingInterestRate" xlink:title="Label : FloatingInterestRate to label_FloatingInterestRate" />
    <link:label xlink:type="resource" xlink:label="label_FloatingInterestRate_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FloatingInterestRate_1" xml:lang="en-US" id="label_FloatingInterestRate_1">Floating interest rate variation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FloatingInterestRate" xlink:to="label_FloatingInterestRate_1" xlink:title="Label : FloatingInterestRate to label_FloatingInterestRate_1" />
    <link:label xlink:type="resource" xlink:label="label_FloatingInterestRate_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FloatingInterestRate_2" xml:lang="en-US" id="label_FloatingInterestRate_2">The percentage of floating Interest Rate.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FloatingInterestRate" xlink:to="label_FloatingInterestRate_2" xlink:title="Label : FloatingInterestRate to label_FloatingInterestRate_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MaturityOfForeignExchangeHedgingInstruments" xlink:label="MaturityOfForeignExchangeHedgingInstruments" xlink:title="MaturityOfForeignExchangeHedgingInstruments" />
    <link:label xlink:type="resource" xlink:label="label_MaturityOfForeignExchangeHedgingInstruments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MaturityOfForeignExchangeHedgingInstruments" xml:lang="en-US" id="label_MaturityOfForeignExchangeHedgingInstruments">Maturity of foreign exchange hedging instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityOfForeignExchangeHedgingInstruments" xlink:to="label_MaturityOfForeignExchangeHedgingInstruments" xlink:title="Label : MaturityOfForeignExchangeHedgingInstruments to label_MaturityOfForeignExchangeHedgingInstruments" />
    <link:label xlink:type="resource" xlink:label="label_MaturityOfForeignExchangeHedgingInstruments_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaturityOfForeignExchangeHedgingInstruments_1" xml:lang="en-US" id="label_MaturityOfForeignExchangeHedgingInstruments_1">Maturity of foreign exchange hedging instruments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityOfForeignExchangeHedgingInstruments" xlink:to="label_MaturityOfForeignExchangeHedgingInstruments_1" xlink:title="Label : MaturityOfForeignExchangeHedgingInstruments to label_MaturityOfForeignExchangeHedgingInstruments_1" />
    <link:label xlink:type="resource" xlink:label="label_MaturityOfForeignExchangeHedgingInstruments_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaturityOfForeignExchangeHedgingInstruments_2" xml:lang="en-US" id="label_MaturityOfForeignExchangeHedgingInstruments_2">Maturity Of Foreign Exchange Hedging Instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityOfForeignExchangeHedgingInstruments" xlink:to="label_MaturityOfForeignExchangeHedgingInstruments_2" xlink:title="Label : MaturityOfForeignExchangeHedgingInstruments to label_MaturityOfForeignExchangeHedgingInstruments_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CashCashEquivalentsAndShortTermFinancialInvestments" xlink:label="CashCashEquivalentsAndShortTermFinancialInvestments" xlink:title="CashCashEquivalentsAndShortTermFinancialInvestments" />
    <link:label xlink:type="resource" xlink:label="label_CashCashEquivalentsAndShortTermFinancialInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashCashEquivalentsAndShortTermFinancialInvestments" xml:lang="en-US" id="label_CashCashEquivalentsAndShortTermFinancialInvestments">Cash cash equivalents and short term financial investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashCashEquivalentsAndShortTermFinancialInvestments" xlink:to="label_CashCashEquivalentsAndShortTermFinancialInvestments" xlink:title="Label : CashCashEquivalentsAndShortTermFinancialInvestments to label_CashCashEquivalentsAndShortTermFinancialInvestments" />
    <link:label xlink:type="resource" xlink:label="label_CashCashEquivalentsAndShortTermFinancialInvestments_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashCashEquivalentsAndShortTermFinancialInvestments_1" xml:lang="en-US" id="label_CashCashEquivalentsAndShortTermFinancialInvestments_1">Cash, cash equivalents, and short-term financial investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashCashEquivalentsAndShortTermFinancialInvestments" xlink:to="label_CashCashEquivalentsAndShortTermFinancialInvestments_1" xlink:title="Label : CashCashEquivalentsAndShortTermFinancialInvestments to label_CashCashEquivalentsAndShortTermFinancialInvestments_1" />
    <link:label xlink:type="resource" xlink:label="label_CashCashEquivalentsAndShortTermFinancialInvestments_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CashCashEquivalentsAndShortTermFinancialInvestments_2" xml:lang="en-US" id="label_CashCashEquivalentsAndShortTermFinancialInvestments_2">The amount of cash and cash equivalents and short term financial investments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashCashEquivalentsAndShortTermFinancialInvestments" xlink:to="label_CashCashEquivalentsAndShortTermFinancialInvestments_2" xlink:title="Label : CashCashEquivalentsAndShortTermFinancialInvestments to label_CashCashEquivalentsAndShortTermFinancialInvestments_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InvestmentPlan" xlink:label="InvestmentPlan" xlink:title="InvestmentPlan" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentPlan" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InvestmentPlan" xml:lang="en-US" id="label_InvestmentPlan">Investment plan</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentPlan" xlink:to="label_InvestmentPlan" xlink:title="Label : InvestmentPlan to label_InvestmentPlan" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentPlan_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InvestmentPlan_1" xml:lang="en-US" id="label_InvestmentPlan_1">Investment plan.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentPlan" xlink:to="label_InvestmentPlan_1" xlink:title="Label : InvestmentPlan to label_InvestmentPlan_1" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentPlan_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentPlan_2" xml:lang="en-US" id="label_InvestmentPlan_2">Investment Plan</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentPlan" xlink:to="label_InvestmentPlan_2" xlink:title="Label : InvestmentPlan to label_InvestmentPlan_2" />
    <link:label xlink:type="resource" xlink:label="label_IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination_1" xml:lang="en-US" id="label_IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination_1">The fair value of stock issued in noncash financing activities related to the subscription warrants indemnification for business combination.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination" xlink:to="label_IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination_1" xlink:title="Label : IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination to label_IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination_1" />
    <link:label xlink:type="resource" xlink:label="label_IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination_2" xml:lang="en-US" id="label_IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination_2">Issuance of shares related to subscription warrants indemnification for business combination</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination" xlink:to="label_IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination_2" xlink:title="Label : IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination to label_IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForNonCashReversionFundPrivatePension" xlink:label="AdjustmentsForNonCashReversionFundPrivatePension" xlink:title="AdjustmentsForNonCashReversionFundPrivatePension" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForNonCashReversionFundPrivatePension" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustmentsForNonCashReversionFundPrivatePension" xml:lang="en-US" id="label_AdjustmentsForNonCashReversionFundPrivatePension">Adjustments for non-cash reversion fund - private pension to reconcile profit (loss) to net cash flow from (used in) operating activities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForNonCashReversionFundPrivatePension" xlink:to="label_AdjustmentsForNonCashReversionFundPrivatePension" xlink:title="Label : AdjustmentsForNonCashReversionFundPrivatePension to label_AdjustmentsForNonCashReversionFundPrivatePension" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfCustomersAccountedForMoreThanTenPercentOfRevenue_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfCustomersAccountedForMoreThanTenPercentOfRevenue_1" xml:lang="en-US" id="label_NumberOfCustomersAccountedForMoreThanTenPercentOfRevenue_1">Number of customers accounted for more than ten percent of revenue</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfCustomersAccountedForMoreThanTenPercentOfRevenue" xlink:to="label_NumberOfCustomersAccountedForMoreThanTenPercentOfRevenue_1" xlink:title="Label : NumberOfCustomersAccountedForMoreThanTenPercentOfRevenue to label_NumberOfCustomersAccountedForMoreThanTenPercentOfRevenue_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfCustomersAccountedForMoreThanTenPercentOfRevenue_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfCustomersAccountedForMoreThanTenPercentOfRevenue_2" xml:lang="en-US" id="label_NumberOfCustomersAccountedForMoreThanTenPercentOfRevenue_2">Number of customer or group accounts for more than 10% of total revenue</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfCustomersAccountedForMoreThanTenPercentOfRevenue" xlink:to="label_NumberOfCustomersAccountedForMoreThanTenPercentOfRevenue_2" xlink:title="Label : NumberOfCustomersAccountedForMoreThanTenPercentOfRevenue to label_NumberOfCustomersAccountedForMoreThanTenPercentOfRevenue_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_PercentageOfEntitysRevenue" xlink:label="PercentageOfEntitysRevenue" xlink:title="PercentageOfEntitysRevenue" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfEntitysRevenue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentageOfEntitysRevenue" xml:lang="en-US" id="label_PercentageOfEntitysRevenue">Percentage of entity's consolidated revenue</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfEntitysRevenue" xlink:to="label_PercentageOfEntitysRevenue" xlink:title="Label : PercentageOfEntitysRevenue to label_PercentageOfEntitysRevenue" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfEntitysRevenue_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PercentageOfEntitysRevenue_1" xml:lang="en-US" id="label_PercentageOfEntitysRevenue_1">Percentage of entity's revenue</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfEntitysRevenue" xlink:to="label_PercentageOfEntitysRevenue_1" xlink:title="Label : PercentageOfEntitysRevenue to label_PercentageOfEntitysRevenue_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfCustomers" xlink:label="NumberOfCustomers" xlink:title="NumberOfCustomers" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfCustomers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfCustomers" xml:lang="en-US" id="label_NumberOfCustomers">Number of customers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfCustomers" xlink:to="label_NumberOfCustomers" xlink:title="Label : NumberOfCustomers to label_NumberOfCustomers" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfCustomers_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfCustomers_1" xml:lang="en-US" id="label_NumberOfCustomers_1">The number of customers which reporting entity generate revenue from product or services.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfCustomers" xlink:to="label_NumberOfCustomers_1" xlink:title="Label : NumberOfCustomers to label_NumberOfCustomers_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfCustomers_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfCustomers_2" xml:lang="en-US" id="label_NumberOfCustomers_2">Number of customers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfCustomers" xlink:to="label_NumberOfCustomers_2" xlink:title="Label : NumberOfCustomers to label_NumberOfCustomers_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AverageForeignExchangeRate" xlink:label="AverageForeignExchangeRate" xlink:title="AverageForeignExchangeRate" />
    <link:label xlink:type="resource" xlink:label="label_AverageForeignExchangeRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AverageForeignExchangeRate" xml:lang="en-US" id="label_AverageForeignExchangeRate">Average foreign exchange rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AverageForeignExchangeRate" xlink:to="label_AverageForeignExchangeRate" xlink:title="Label : AverageForeignExchangeRate to label_AverageForeignExchangeRate" />
    <link:label xlink:type="resource" xlink:label="label_AverageForeignExchangeRate_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AverageForeignExchangeRate_1" xml:lang="en-US" id="label_AverageForeignExchangeRate_1">Exchange rate of the Real against the U.S. dollar</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AverageForeignExchangeRate" xlink:to="label_AverageForeignExchangeRate_1" xlink:title="Label : AverageForeignExchangeRate to label_AverageForeignExchangeRate_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights" xlink:label="AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights" xlink:title="AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights" xml:lang="en-US" id="label_AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights">Adjustments for non-cash addition on contractual assets with customers - exclusive rights</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights" xlink:to="label_AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights" xlink:title="Label : AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights to label_AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights_1" xml:lang="en-US" id="label_AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights_1">Adjustments for non-cash addition on contractual assets with customers - exclusive rights to reconcile profit (loss) to net cash flow from (used in) operating activities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights" xlink:to="label_AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights_1" xlink:title="Label : AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights to label_AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CustomerOneMember" xlink:label="CustomerOneMember" xlink:title="CustomerOneMember" />
    <link:label xlink:type="resource" xlink:label="label_CustomerOneMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CustomerOneMember" xml:lang="en-US" id="label_CustomerOneMember">Customer one [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CustomerOneMember" xlink:to="label_CustomerOneMember" xlink:title="Label : CustomerOneMember to label_CustomerOneMember" />
    <link:label xlink:type="resource" xlink:label="label_CustomerOneMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CustomerOneMember_1" xml:lang="en-US" id="label_CustomerOneMember_1">This member stands for the information pertaining to a "Customer one" of the reporting entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CustomerOneMember" xlink:to="label_CustomerOneMember_1" xlink:title="Label : CustomerOneMember to label_CustomerOneMember_1" />
    <link:label xlink:type="resource" xlink:label="label_CustomerOneMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CustomerOneMember_2" xml:lang="en-US" id="label_CustomerOneMember_2">Customer one</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CustomerOneMember" xlink:to="label_CustomerOneMember_2" xlink:title="Label : CustomerOneMember to label_CustomerOneMember_2" />
    <link:label xlink:type="resource" xlink:label="label_CustomerConcentrationsRiskMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CustomerConcentrationsRiskMember_1" xml:lang="en-US" id="label_CustomerConcentrationsRiskMember_1">Customer concentrations risk [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CustomerConcentrationsRiskMember" xlink:to="label_CustomerConcentrationsRiskMember_1" xlink:title="Label : CustomerConcentrationsRiskMember to label_CustomerConcentrationsRiskMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights_2" xml:lang="en-US" id="label_AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights_2">Addition on contractual assets with customers - exclusivity rights</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights" xlink:to="label_AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights_2" xlink:title="Label : AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights to label_AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights_2" />
    <link:label xlink:type="resource" xlink:label="label_CustomerConcentrationsRiskMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CustomerConcentrationsRiskMember_2" xml:lang="en-US" id="label_CustomerConcentrationsRiskMember_2">Customer concentrations risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CustomerConcentrationsRiskMember" xlink:to="label_CustomerConcentrationsRiskMember_2" xlink:title="Label : CustomerConcentrationsRiskMember to label_CustomerConcentrationsRiskMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale" xlink:label="CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale" xlink:title="CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale" xml:lang="en-US" id="label_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale">Cash and cash equivalents at the beginning of the year &#x2013;&#xA0;discontinuied&#xA0;operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale" xlink:to="label_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale" xlink:title="Label : CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale to label_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ConcentrationsOfRiskDomain" xlink:label="ConcentrationsOfRiskDomain" xlink:title="ConcentrationsOfRiskDomain" />
    <link:label xlink:type="resource" xlink:label="label_ConcentrationsOfRiskDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConcentrationsOfRiskDomain" xml:lang="en-US" id="label_ConcentrationsOfRiskDomain">Concentrations of risk [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConcentrationsOfRiskDomain" xlink:to="label_ConcentrationsOfRiskDomain" xlink:title="Label : ConcentrationsOfRiskDomain to label_ConcentrationsOfRiskDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ConcentrationsOfRiskAxis" xlink:label="ConcentrationsOfRiskAxis" xlink:title="ConcentrationsOfRiskAxis" />
    <link:label xlink:type="resource" xlink:label="label_ConcentrationsOfRiskAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConcentrationsOfRiskAxis" xml:lang="en-US" id="label_ConcentrationsOfRiskAxis">Concentrations of risk [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConcentrationsOfRiskAxis" xlink:to="label_ConcentrationsOfRiskAxis" xlink:title="Label : ConcentrationsOfRiskAxis to label_ConcentrationsOfRiskAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LaterThanOneYearMember" xlink:label="LaterThanOneYearMember" xlink:title="LaterThanOneYearMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanOneYearMember" xml:lang="en-US" id="label_LaterThanOneYearMember">Later than one year [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanOneYearMember" xlink:to="label_LaterThanOneYearMember" xlink:title="Label : LaterThanOneYearMember to label_LaterThanOneYearMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanOneYearMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaterThanOneYearMember_1" xml:lang="en-US" id="label_LaterThanOneYearMember_1">Later than one year [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanOneYearMember" xlink:to="label_LaterThanOneYearMember_1" xlink:title="Label : LaterThanOneYearMember to label_LaterThanOneYearMember_1" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanOneYearMember_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LaterThanOneYearMember_2" xml:lang="en-US" id="label_LaterThanOneYearMember_2">From 1 to 2 years</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanOneYearMember" xlink:to="label_LaterThanOneYearMember_2" xlink:title="Label : LaterThanOneYearMember to label_LaterThanOneYearMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Scenario3Member" xlink:label="Scenario3Member" xlink:title="Scenario3Member" />
    <link:label xlink:type="resource" xlink:label="label_Scenario3Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Scenario3Member" xml:lang="en-US" id="label_Scenario3Member">Scenario 3 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Scenario3Member" xlink:to="label_Scenario3Member" xlink:title="Label : Scenario3Member to label_Scenario3Member" />
    <link:label xlink:type="resource" xlink:label="label_Scenario3Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Scenario3Member_1" xml:lang="en-US" id="label_Scenario3Member_1">Scenario III [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Scenario3Member" xlink:to="label_Scenario3Member_1" xlink:title="Label : Scenario3Member to label_Scenario3Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Scenario3Member_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Scenario3Member_2" xml:lang="en-US" id="label_Scenario3Member_2">This member stands for the information pertaining to scenario 3.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Scenario3Member" xlink:to="label_Scenario3Member_2" xlink:title="Label : Scenario3Member to label_Scenario3Member_2" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale_1" xml:lang="en-US" id="label_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale_1">Cash and cash equivalents classified as part of disposal group held for sale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale" xlink:to="label_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale_1" xlink:title="Label : CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale to label_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale_1" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale_2" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale_2" xml:lang="en-US" id="label_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale_2">Cash and cash equivalents at the end of the year &#x2013; discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale" xlink:to="label_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale_2" xlink:title="Label : CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale to label_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Scenario2Member" xlink:label="Scenario2Member" xlink:title="Scenario2Member" />
    <link:label xlink:type="resource" xlink:label="label_Scenario2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Scenario2Member" xml:lang="en-US" id="label_Scenario2Member">Scenario 2 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Scenario2Member" xlink:to="label_Scenario2Member" xlink:title="Label : Scenario2Member to label_Scenario2Member" />
    <link:label xlink:type="resource" xlink:label="label_Scenario2Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Scenario2Member_1" xml:lang="en-US" id="label_Scenario2Member_1">Scenario II [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Scenario2Member" xlink:to="label_Scenario2Member_1" xlink:title="Label : Scenario2Member to label_Scenario2Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Scenario2Member_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Scenario2Member_2" xml:lang="en-US" id="label_Scenario2Member_2">This member stands for the information pertaining to scenario 2.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Scenario2Member" xlink:to="label_Scenario2Member_2" xlink:title="Label : Scenario2Member to label_Scenario2Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ScenarioMember" xlink:label="ScenarioMember" xlink:title="ScenarioMember" />
    <link:label xlink:type="resource" xlink:label="label_ScenarioMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ScenarioMember" xml:lang="en-US" id="label_ScenarioMember">This member stands for the information pertaining to scenario.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScenarioMember" xlink:to="label_ScenarioMember" xlink:title="Label : ScenarioMember to label_ScenarioMember" />
    <link:label xlink:type="resource" xlink:label="label_ScenarioMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ScenarioMember_1" xml:lang="en-US" id="label_ScenarioMember_1">Probable Scenario [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScenarioMember" xlink:to="label_ScenarioMember_1" xlink:title="Label : ScenarioMember to label_ScenarioMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ScenarioMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ScenarioMember_2" xml:lang="en-US" id="label_ScenarioMember_2">Scenario [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScenarioMember" xlink:to="label_ScenarioMember_2" xlink:title="Label : ScenarioMember to label_ScenarioMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ScenarioDomain" xlink:label="ScenarioDomain" xlink:title="ScenarioDomain" />
    <link:label xlink:type="resource" xlink:label="label_ScenarioDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ScenarioDomain" xml:lang="en-US" id="label_ScenarioDomain">Scenario [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScenarioDomain" xlink:to="label_ScenarioDomain" xlink:title="Label : ScenarioDomain to label_ScenarioDomain" />
    <link:label xlink:type="resource" xlink:label="label_ScenarioDomain_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ScenarioDomain_1" xml:lang="en-US" id="label_ScenarioDomain_1">Scenario [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScenarioDomain" xlink:to="label_ScenarioDomain_1" xlink:title="Label : ScenarioDomain to label_ScenarioDomain_1" />
    <link:label xlink:type="resource" xlink:label="label_ScenarioDomain_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ScenarioDomain_2" xml:lang="en-US" id="label_ScenarioDomain_2">Scenario [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScenarioDomain" xlink:to="label_ScenarioDomain_2" xlink:title="Label : ScenarioDomain to label_ScenarioDomain_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ScenarioAxis" xlink:label="ScenarioAxis" xlink:title="ScenarioAxis" />
    <link:label xlink:type="resource" xlink:label="label_ScenarioAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ScenarioAxis" xml:lang="en-US" id="label_ScenarioAxis">Scenario [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScenarioAxis" xlink:to="label_ScenarioAxis" xlink:title="Label : ScenarioAxis to label_ScenarioAxis" />
    <link:label xlink:type="resource" xlink:label="label_ScenarioAxis_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ScenarioAxis_1" xml:lang="en-US" id="label_ScenarioAxis_1">Scenario [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScenarioAxis" xlink:to="label_ScenarioAxis_1" xlink:title="Label : ScenarioAxis to label_ScenarioAxis_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations" xlink:label="IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations" xlink:title="IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations" xml:lang="en-US" id="label_IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations">Increase (decrease) in cash and cash equivalents from discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations" xlink:to="label_IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations" xlink:title="Label : IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations to label_IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations_1" xml:lang="en-US" id="label_IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations_1">Decrease in cash and cash equivalents - discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations" xlink:to="label_IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations_1" xlink:title="Label : IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations to label_IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations_2" xml:lang="en-US" id="label_IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations_2">The increase (decrease) in cash and cash equivalents from continuing operations.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations" xlink:to="label_IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations_2" xlink:title="Label : IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations to label_IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations_2" />
    <link:label xlink:type="resource" xlink:label="label_ScenarioAxis_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ScenarioAxis_2" xml:lang="en-US" id="label_ScenarioAxis_2">Scenario [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScenarioAxis" xlink:to="label_ScenarioAxis_2" xlink:title="Label : ScenarioAxis to label_ScenarioAxis_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NetAssetLiabilityPositionShareholdersEffectEquity" xlink:label="NetAssetLiabilityPositionShareholdersEffectEquity" xlink:title="NetAssetLiabilityPositionShareholdersEffectEquity" />
    <link:label xlink:type="resource" xlink:label="label_NetAssetLiabilityPositionShareholdersEffectEquity" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_NetAssetLiabilityPositionShareholdersEffectEquity" xml:lang="en-US" id="label_NetAssetLiabilityPositionShareholdersEffectEquity">Equity effect</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetAssetLiabilityPositionShareholdersEffectEquity" xlink:to="label_NetAssetLiabilityPositionShareholdersEffectEquity" xlink:title="Label : NetAssetLiabilityPositionShareholdersEffectEquity to label_NetAssetLiabilityPositionShareholdersEffectEquity" />
    <link:label xlink:type="resource" xlink:label="label_NetAssetLiabilityPositionShareholdersEffectEquity_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NetAssetLiabilityPositionShareholdersEffectEquity_1" xml:lang="en-US" id="label_NetAssetLiabilityPositionShareholdersEffectEquity_1">The amount of net asset (liability) position - Shareholders' equity effect.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetAssetLiabilityPositionShareholdersEffectEquity" xlink:to="label_NetAssetLiabilityPositionShareholdersEffectEquity_1" xlink:title="Label : NetAssetLiabilityPositionShareholdersEffectEquity to label_NetAssetLiabilityPositionShareholdersEffectEquity_1" />
    <link:label xlink:type="resource" xlink:label="label_NetAssetLiabilityPositionShareholdersEffectEquity_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetAssetLiabilityPositionShareholdersEffectEquity_2" xml:lang="en-US" id="label_NetAssetLiabilityPositionShareholdersEffectEquity_2">Net liability position - effect on equity in subsidiaries held for sale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetAssetLiabilityPositionShareholdersEffectEquity" xlink:to="label_NetAssetLiabilityPositionShareholdersEffectEquity_2" xlink:title="Label : NetAssetLiabilityPositionShareholdersEffectEquity to label_NetAssetLiabilityPositionShareholdersEffectEquity_2" />
    <link:label xlink:type="resource" xlink:label="label_NetAssetLiabilityPositionShareholdersEffectEquity_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetAssetLiabilityPositionShareholdersEffectEquity_3" xml:lang="en-US" id="label_NetAssetLiabilityPositionShareholdersEffectEquity_3">Net asset liability position shareholders equity effect</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetAssetLiabilityPositionShareholdersEffectEquity" xlink:to="label_NetAssetLiabilityPositionShareholdersEffectEquity_3" xlink:title="Label : NetAssetLiabilityPositionShareholdersEffectEquity to label_NetAssetLiabilityPositionShareholdersEffectEquity_3" />
    <link:label xlink:type="resource" xlink:label="label_NetAssetLiabilityPositionShareholdersEffectEquity_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NetAssetLiabilityPositionShareholdersEffectEquity_4" xml:lang="en-US" id="label_NetAssetLiabilityPositionShareholdersEffectEquity_4">Net liability position - effect on equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetAssetLiabilityPositionShareholdersEffectEquity" xlink:to="label_NetAssetLiabilityPositionShareholdersEffectEquity_4" xlink:title="Label : NetAssetLiabilityPositionShareholdersEffectEquity to label_NetAssetLiabilityPositionShareholdersEffectEquity_4" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NetAssetLiabilityPositionEffectStatementIncome" xlink:label="NetAssetLiabilityPositionEffectStatementIncome" xlink:title="NetAssetLiabilityPositionEffectStatementIncome" />
    <link:label xlink:type="resource" xlink:label="label_NetAssetLiabilityPositionEffectStatementIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetAssetLiabilityPositionEffectStatementIncome" xml:lang="en-US" id="label_NetAssetLiabilityPositionEffectStatementIncome">Net (liability) asset position - effect on statement of income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetAssetLiabilityPositionEffectStatementIncome" xlink:to="label_NetAssetLiabilityPositionEffectStatementIncome" xlink:title="Label : NetAssetLiabilityPositionEffectStatementIncome to label_NetAssetLiabilityPositionEffectStatementIncome" />
    <link:label xlink:type="resource" xlink:label="label_NetAssetLiabilityPositionEffectStatementIncome_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetAssetLiabilityPositionEffectStatementIncome_1" xml:lang="en-US" id="label_NetAssetLiabilityPositionEffectStatementIncome_1">Net liability position - effect on statement of income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetAssetLiabilityPositionEffectStatementIncome" xlink:to="label_NetAssetLiabilityPositionEffectStatementIncome_1" xlink:title="Label : NetAssetLiabilityPositionEffectStatementIncome to label_NetAssetLiabilityPositionEffectStatementIncome_1" />
    <link:label xlink:type="resource" xlink:label="label_NetAssetLiabilityPositionEffectStatementIncome_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NetAssetLiabilityPositionEffectStatementIncome_2" xml:lang="en-US" id="label_NetAssetLiabilityPositionEffectStatementIncome_2">The amount of Net (liability) asset position - effect on statement of income.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetAssetLiabilityPositionEffectStatementIncome" xlink:to="label_NetAssetLiabilityPositionEffectStatementIncome_2" xlink:title="Label : NetAssetLiabilityPositionEffectStatementIncome to label_NetAssetLiabilityPositionEffectStatementIncome_2" />
    <link:label xlink:type="resource" xlink:label="label_NetAssetLiabilityPositionTotal_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NetAssetLiabilityPositionTotal_1" xml:lang="en-US" id="label_NetAssetLiabilityPositionTotal_1">The amount of total net asset (liability) position.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetAssetLiabilityPositionTotal" xlink:to="label_NetAssetLiabilityPositionTotal_1" xlink:title="Label : NetAssetLiabilityPositionTotal to label_NetAssetLiabilityPositionTotal_1" />
    <link:label xlink:type="resource" xlink:label="label_NetAssetLiabilityPositionTotal_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_NetAssetLiabilityPositionTotal_2" xml:lang="en-US" id="label_NetAssetLiabilityPositionTotal_2">Net liability position</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetAssetLiabilityPositionTotal" xlink:to="label_NetAssetLiabilityPositionTotal_2" xlink:title="Label : NetAssetLiabilityPositionTotal to label_NetAssetLiabilityPositionTotal_2" />
    <link:label xlink:type="resource" xlink:label="label_NetAssetLiabilityPositionTotal_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_NetAssetLiabilityPositionTotal_3" xml:lang="en-US" id="label_NetAssetLiabilityPositionTotal_3">Net liability position &#x2013; total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetAssetLiabilityPositionTotal" xlink:to="label_NetAssetLiabilityPositionTotal_3" xlink:title="Label : NetAssetLiabilityPositionTotal to label_NetAssetLiabilityPositionTotal_3" />
    <link:label xlink:type="resource" xlink:label="label_NetAssetLiabilityPositionTotal_4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetAssetLiabilityPositionTotal_4" xml:lang="en-US" id="label_NetAssetLiabilityPositionTotal_4">Net asset liability position total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetAssetLiabilityPositionTotal" xlink:to="label_NetAssetLiabilityPositionTotal_4" xlink:title="Label : NetAssetLiabilityPositionTotal to label_NetAssetLiabilityPositionTotal_4" />
    <link:label xlink:type="resource" xlink:label="label_NeodieselLtdaMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NeodieselLtdaMember_2" xml:lang="en-US" id="label_NeodieselLtdaMember_2">Neodiesel Ltda. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NeodieselLtdaMember" xlink:to="label_NeodieselLtdaMember_2" xlink:title="Label : NeodieselLtdaMember to label_NeodieselLtdaMember_2" />
    <link:label xlink:type="resource" xlink:label="label_FinancialLiabilitiesAtFairValue_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FinancialLiabilitiesAtFairValue_2" xml:lang="en-US" id="label_FinancialLiabilitiesAtFairValue_2">Financial liabilities, fair value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesAtFairValue" xlink:to="label_FinancialLiabilitiesAtFairValue_2" xlink:title="Label : FinancialLiabilitiesAtFairValue to label_FinancialLiabilitiesAtFairValue_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ForeignCurrencyHedgingInstruments" xlink:label="ForeignCurrencyHedgingInstruments" xlink:title="ForeignCurrencyHedgingInstruments" />
    <link:label xlink:type="resource" xlink:label="label_ForeignCurrencyHedgingInstruments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignCurrencyHedgingInstruments" xml:lang="en-US" id="label_ForeignCurrencyHedgingInstruments">The gains (losses) on Foreign currency hedging instruments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignCurrencyHedgingInstruments" xlink:to="label_ForeignCurrencyHedgingInstruments" xlink:title="Label : ForeignCurrencyHedgingInstruments to label_ForeignCurrencyHedgingInstruments" />
    <link:label xlink:type="resource" xlink:label="label_ForeignCurrencyHedgingInstruments_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ForeignCurrencyHedgingInstruments_1" xml:lang="en-US" id="label_ForeignCurrencyHedgingInstruments_1">Foreign currency hedging instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignCurrencyHedgingInstruments" xlink:to="label_ForeignCurrencyHedgingInstruments_1" xlink:title="Label : ForeignCurrencyHedgingInstruments to label_ForeignCurrencyHedgingInstruments_1" />
    <link:label xlink:type="resource" xlink:label="label_ForeignCurrencyHedgingInstruments_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignCurrencyHedgingInstruments_2" xml:lang="en-US" id="label_ForeignCurrencyHedgingInstruments_2">Foreign currency hedging instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignCurrencyHedgingInstruments" xlink:to="label_ForeignCurrencyHedgingInstruments_2" xlink:title="Label : ForeignCurrencyHedgingInstruments to label_ForeignCurrencyHedgingInstruments_2" />
    <link:label xlink:type="resource" xlink:label="label_ForeignCurrencyHedgingInstruments_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ForeignCurrencyHedgingInstruments_3" xml:lang="en-US" id="label_ForeignCurrencyHedgingInstruments_3">Derivative instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignCurrencyHedgingInstruments" xlink:to="label_ForeignCurrencyHedgingInstruments_3" xlink:title="Label : ForeignCurrencyHedgingInstruments to label_ForeignCurrencyHedgingInstruments_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LiabilitiesInForeignCurrency" xlink:label="LiabilitiesInForeignCurrency" xlink:title="LiabilitiesInForeignCurrency" />
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesInForeignCurrency" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilitiesInForeignCurrency" xml:lang="en-US" id="label_LiabilitiesInForeignCurrency">Liabilities in foreign currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesInForeignCurrency" xlink:to="label_LiabilitiesInForeignCurrency" xlink:title="Label : LiabilitiesInForeignCurrency to label_LiabilitiesInForeignCurrency" />
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesInForeignCurrency_1" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:title="label_LiabilitiesInForeignCurrency_1" xml:lang="en-US" id="label_LiabilitiesInForeignCurrency_1">Liabilities in foreign currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesInForeignCurrency" xlink:to="label_LiabilitiesInForeignCurrency_1" xlink:title="Label : LiabilitiesInForeignCurrency to label_LiabilitiesInForeignCurrency_1" />
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesInForeignCurrency_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LiabilitiesInForeignCurrency_2" xml:lang="en-US" id="label_LiabilitiesInForeignCurrency_2">The amount of total liabilities in foreign currency.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesInForeignCurrency" xlink:to="label_LiabilitiesInForeignCurrency_2" xlink:title="Label : LiabilitiesInForeignCurrency to label_LiabilitiesInForeignCurrency_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations" xlink:label="EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations" xlink:title="EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations" />
    <link:label xlink:type="resource" xlink:label="label_EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations" xml:lang="en-US" id="label_EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations">Effect of exchange rate variation on cash and cash equivalents in foreign currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations" xlink:to="label_EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations" xlink:title="Label : EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations to label_EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LiabilitiesExposureFromSubsidiariesHeldForSale" xlink:label="LiabilitiesExposureFromSubsidiariesHeldForSale" xlink:title="LiabilitiesExposureFromSubsidiariesHeldForSale" />
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesExposureFromSubsidiariesHeldForSale" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilitiesExposureFromSubsidiariesHeldForSale" xml:lang="en-US" id="label_LiabilitiesExposureFromSubsidiariesHeldForSale">Liabilities exposure from subsidiaries held for sale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesExposureFromSubsidiariesHeldForSale" xlink:to="label_LiabilitiesExposureFromSubsidiariesHeldForSale" xlink:title="Label : LiabilitiesExposureFromSubsidiariesHeldForSale to label_LiabilitiesExposureFromSubsidiariesHeldForSale" />
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesExposureFromSubsidiariesHeldForSale_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LiabilitiesExposureFromSubsidiariesHeldForSale_1" xml:lang="en-US" id="label_LiabilitiesExposureFromSubsidiariesHeldForSale_1">The amount of liabilities exposure from subsidiaries held for sale in foreign currency.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesExposureFromSubsidiariesHeldForSale" xlink:to="label_LiabilitiesExposureFromSubsidiariesHeldForSale_1" xlink:title="Label : LiabilitiesExposureFromSubsidiariesHeldForSale to label_LiabilitiesExposureFromSubsidiariesHeldForSale_1" />
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    <link:label xlink:type="resource" xlink:label="label_LiabilitiesExposureFromSubsidiariesHeldForSale_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_LiabilitiesExposureFromSubsidiariesHeldForSale_2" xml:lang="en-US" id="label_LiabilitiesExposureFromSubsidiariesHeldForSale_2">Other liabilities in foreign currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesExposureFromSubsidiariesHeldForSale" xlink:to="label_LiabilitiesExposureFromSubsidiariesHeldForSale_2" xlink:title="Label : LiabilitiesExposureFromSubsidiariesHeldForSale to label_LiabilitiesExposureFromSubsidiariesHeldForSale_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PayablesArisingFromImports" xlink:label="PayablesArisingFromImports" xlink:title="PayablesArisingFromImports" />
    <link:label xlink:type="resource" xlink:label="label_PayablesArisingFromImports" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PayablesArisingFromImports" xml:lang="en-US" id="label_PayablesArisingFromImports">Payables arising from imports</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PayablesArisingFromImports" xlink:to="label_PayablesArisingFromImports" xlink:title="Label : PayablesArisingFromImports to label_PayablesArisingFromImports" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations" xlink:to="label_EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations_2" xlink:title="Label : EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations to label_EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations_2" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations" xlink:to="label_EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations_3" xlink:title="Label : EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations to label_EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations_3" />
    <link:label xlink:type="resource" xlink:label="label_PayablesArisingFromImports_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PayablesArisingFromImports_1" xml:lang="en-US" id="label_PayablesArisingFromImports_1">Payables arising from imports</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PayablesArisingFromImports" xlink:to="label_PayablesArisingFromImports_1" xlink:title="Label : PayablesArisingFromImports to label_PayablesArisingFromImports_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_EffectOfExchangeRateChangesOnCashAndCashEquivalentsContinuingOperations" xlink:label="EffectOfExchangeRateChangesOnCashAndCashEquivalentsContinuingOperations" xlink:title="EffectOfExchangeRateChangesOnCashAndCashEquivalentsContinuingOperations" />
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    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations_1" xml:lang="en-US" id="label_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations_1">Net cash consumed by financing activities from discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations" xlink:to="label_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations_1" xlink:title="Label : CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations to label_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations_1" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations_2" xml:lang="en-US" id="label_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations_2">Cash flows from (used in) financing activities, discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations" xlink:to="label_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations_2" xlink:title="Label : CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations to label_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations_2" />
    <link:label xlink:type="resource" xlink:label="label_PayablesArisingFromImports_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PayablesArisingFromImports_2" xml:lang="en-US" id="label_PayablesArisingFromImports_2">The amount of current trade payables for foreign suppliers arising from imports, net of advances to foreign suppliers.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PayablesArisingFromImports" xlink:to="label_PayablesArisingFromImports_2" xlink:title="Label : PayablesArisingFromImports to label_PayablesArisingFromImports_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FinancingInForeignCurrency" xlink:label="FinancingInForeignCurrency" xlink:title="FinancingInForeignCurrency" />
    <link:label xlink:type="resource" xlink:label="label_FinancingInForeignCurrency" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancingInForeignCurrency" xml:lang="en-US" id="label_FinancingInForeignCurrency">Financing in foreign currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancingInForeignCurrency" xlink:to="label_FinancingInForeignCurrency" xlink:title="Label : FinancingInForeignCurrency to label_FinancingInForeignCurrency" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations" xlink:label="CashFlowsFromUsedInFinancingActivitiesContinuingOperations" xlink:title="CashFlowsFromUsedInFinancingActivitiesContinuingOperations" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInFinancingActivitiesContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowsFromUsedInFinancingActivitiesContinuingOperations" xml:lang="en-US" id="label_CashFlowsFromUsedInFinancingActivitiesContinuingOperations">Cash flows from (used in) financing activities, continuing operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInFinancingActivitiesContinuingOperations" xlink:to="label_CashFlowsFromUsedInFinancingActivitiesContinuingOperations" xlink:title="Label : CashFlowsFromUsedInFinancingActivitiesContinuingOperations to label_CashFlowsFromUsedInFinancingActivitiesContinuingOperations" />
    <link:label xlink:type="resource" xlink:label="label_FinancingInForeignCurrency_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_FinancingInForeignCurrency_1" xml:lang="en-US" id="label_FinancingInForeignCurrency_1">Loans, financing and debentures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancingInForeignCurrency" xlink:to="label_FinancingInForeignCurrency_1" xlink:title="Label : FinancingInForeignCurrency to label_FinancingInForeignCurrency_1" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_1" xml:lang="en-US" id="label_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_1">Net cash consumed by financing activities from continuing operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInFinancingActivitiesContinuingOperations" xlink:to="label_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_1" xlink:title="Label : CashFlowsFromUsedInFinancingActivitiesContinuingOperations to label_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_1" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_2" xml:lang="en-US" id="label_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_2">Net cash provided by (used in) financing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInFinancingActivitiesContinuingOperations" xlink:to="label_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_2" xlink:title="Label : CashFlowsFromUsedInFinancingActivitiesContinuingOperations to label_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashRepaymentsOfAdvancesAndLoansFromRelatedParties" xlink:label="CashRepaymentsOfAdvancesAndLoansFromRelatedParties" xlink:title="CashRepaymentsOfAdvancesAndLoansFromRelatedParties" />
    <link:label xlink:type="resource" xlink:label="label_CashRepaymentsOfAdvancesAndLoansFromRelatedParties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashRepaymentsOfAdvancesAndLoansFromRelatedParties" xml:lang="en-US" id="label_CashRepaymentsOfAdvancesAndLoansFromRelatedParties">Cash repayments of advances and loans from related parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashRepaymentsOfAdvancesAndLoansFromRelatedParties" xlink:to="label_CashRepaymentsOfAdvancesAndLoansFromRelatedParties" xlink:title="Label : CashRepaymentsOfAdvancesAndLoansFromRelatedParties to label_CashRepaymentsOfAdvancesAndLoansFromRelatedParties" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" xlink:label="PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" xlink:title="PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" xml:lang="en-US" id="label_PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities">The cash outflow for payment of financial liabilities of customers, classified as financing activities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" xlink:to="label_PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" xlink:title="Label : PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities to label_PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_FinancingInForeignCurrency_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FinancingInForeignCurrency_2" xml:lang="en-US" id="label_FinancingInForeignCurrency_2">The amount of financing in foreign currency, gross of transaction costs and discount.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancingInForeignCurrency" xlink:to="label_FinancingInForeignCurrency_2" xlink:title="Label : FinancingInForeignCurrency to label_FinancingInForeignCurrency_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LiabilitiesInForeignCurrencyAbstract" xlink:label="LiabilitiesInForeignCurrencyAbstract" xlink:title="LiabilitiesInForeignCurrencyAbstract" />
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesInForeignCurrencyAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LiabilitiesInForeignCurrencyAbstract" xml:lang="en-US" id="label_LiabilitiesInForeignCurrencyAbstract">Liabilities in foreign currency abstract.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesInForeignCurrencyAbstract" xlink:to="label_LiabilitiesInForeignCurrencyAbstract" xlink:title="Label : LiabilitiesInForeignCurrencyAbstract to label_LiabilitiesInForeignCurrencyAbstract" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities_1" xml:lang="en-US" id="label_PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities_1">Payments of Financial Liabilities of Customers Classified as Financing Activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" xlink:to="label_PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities_1" xlink:title="Label : PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities to label_PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities_1" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities_2" xml:lang="en-US" id="label_PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities_2">Payments of financial liabilities of customers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" xlink:to="label_PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities_2" xlink:title="Label : PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities to label_PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" xlink:label="ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" xlink:title="ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" xml:lang="en-US" id="label_ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities">Proceeds from Financial Liabilities of Customers Classified as Financing Activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" xlink:to="label_ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" xlink:title="Label : ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities to label_ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities_1" xml:lang="en-US" id="label_ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities_1">Proceeds from financial liabilities of customers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" xlink:to="label_ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities_1" xlink:title="Label : ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities to label_ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities_1" />
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesInForeignCurrencyAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LiabilitiesInForeignCurrencyAbstract_1" xml:lang="en-US" id="label_LiabilitiesInForeignCurrencyAbstract_1">Liabilities in foreign currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesInForeignCurrencyAbstract" xlink:to="label_LiabilitiesInForeignCurrencyAbstract_1" xlink:title="Label : LiabilitiesInForeignCurrencyAbstract to label_LiabilitiesInForeignCurrencyAbstract_1" />
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesInForeignCurrencyAbstract_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilitiesInForeignCurrencyAbstract_2" xml:lang="en-US" id="label_LiabilitiesInForeignCurrencyAbstract_2">Liabilities in foreign currency [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesInForeignCurrencyAbstract" xlink:to="label_LiabilitiesInForeignCurrencyAbstract_2" xlink:title="Label : LiabilitiesInForeignCurrencyAbstract to label_LiabilitiesInForeignCurrencyAbstract_2" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities_2" xml:lang="en-US" id="label_ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities_2">The cash inflow from financial liabilities of customers.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" xlink:to="label_ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities_2" xlink:title="Label : ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities to label_ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:label="InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:title="InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities" xml:lang="en-US" id="label_InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities">The cash outflow for interest paid on lease liabilities, classified as financing activities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="label_InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:title="Label : InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities to label_InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:label="PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:title="PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xml:lang="en-US" id="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities">Payments of lease liabilities, classified as financing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:title="Label : PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities to label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesAbstract" xlink:label="PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesAbstract" xlink:title="PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesAbstract" xml:lang="en-US" id="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesAbstract">Payments of Lease Liabilities Classified as Financing Activities [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesAbstract" xlink:to="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesAbstract" xlink:title="Label : PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesAbstract to label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:label="RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:title="RepaymentsOfBorrowingsClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xml:lang="en-US" id="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities">Repayments of borrowings, classified as financing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:to="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:title="Label : RepaymentsOfBorrowingsClassifiedAsFinancingActivities to label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xlink:label="ProceedsFromBorrowingsClassifiedAsFinancingActivities" xlink:title="ProceedsFromBorrowingsClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xml:lang="en-US" id="label_ProceedsFromBorrowingsClassifiedAsFinancingActivities">Proceeds from borrowings, classified as financing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromBorrowingsClassifiedAsFinancingActivities" xlink:to="label_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xlink:title="Label : ProceedsFromBorrowingsClassifiedAsFinancingActivities to label_ProceedsFromBorrowingsClassifiedAsFinancingActivities" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AssetsInForeignCurrency" xlink:label="AssetsInForeignCurrency" xlink:title="AssetsInForeignCurrency" />
    <link:label xlink:type="resource" xlink:label="label_AssetsInForeignCurrency" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssetsInForeignCurrency" xml:lang="en-US" id="label_AssetsInForeignCurrency">Assets in foreign currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsInForeignCurrency" xlink:to="label_AssetsInForeignCurrency" xlink:title="Label : AssetsInForeignCurrency to label_AssetsInForeignCurrency" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" xlink:label="CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" xlink:title="CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" xml:lang="en-US" id="label_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations">Net cash (consumed) provided by investing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" xlink:to="label_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" xlink:title="Label : CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations to label_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" />
    <link:label xlink:type="resource" xlink:label="label_AssetsInForeignCurrency_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_AssetsInForeignCurrency_1" xml:lang="en-US" id="label_AssetsInForeignCurrency_1">Assets in foreign currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsInForeignCurrency" xlink:to="label_AssetsInForeignCurrency_1" xlink:title="Label : AssetsInForeignCurrency to label_AssetsInForeignCurrency_1" />
    <link:label xlink:type="resource" xlink:label="label_AssetsInForeignCurrency_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AssetsInForeignCurrency_2" xml:lang="en-US" id="label_AssetsInForeignCurrency_2">The amount of total assets in foreign currency.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsInForeignCurrency" xlink:to="label_AssetsInForeignCurrency_2" xlink:title="Label : AssetsInForeignCurrency to label_AssetsInForeignCurrency_2" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations_1" xml:lang="en-US" id="label_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations_1">Net cash consumed by investing activities from discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" xlink:to="label_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations_1" xlink:title="Label : CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations to label_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations_1" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations_2" xml:lang="en-US" id="label_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations_2">Cash flows from (used in) investing activities, discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" xlink:to="label_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations_2" xlink:title="Label : CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations to label_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations_2" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations_3" xml:lang="en-US" id="label_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations_3">Sale value of joint venture after adjustments resulting from changes in working capital and net debt position</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" xlink:to="label_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations_3" xlink:title="Label : CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations to label_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations" xlink:label="CashFlowsFromUsedInInvestingActivitiesContinuingOperations" xlink:title="CashFlowsFromUsedInInvestingActivitiesContinuingOperations" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInInvestingActivitiesContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashFlowsFromUsedInInvestingActivitiesContinuingOperations" xml:lang="en-US" id="label_CashFlowsFromUsedInInvestingActivitiesContinuingOperations">Net cash used in investing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInInvestingActivitiesContinuingOperations" xlink:to="label_CashFlowsFromUsedInInvestingActivitiesContinuingOperations" xlink:title="Label : CashFlowsFromUsedInInvestingActivitiesContinuingOperations to label_CashFlowsFromUsedInInvestingActivitiesContinuingOperations" />
    <link:label xlink:type="resource" xlink:label="label_FinancialAssetsAtFairValue_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FinancialAssetsAtFairValue_3" xml:lang="en-US" id="label_FinancialAssetsAtFairValue_3">Financial assets, fair value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialAssetsAtFairValue" xlink:to="label_FinancialAssetsAtFairValue_3" xlink:title="Label : FinancialAssetsAtFairValue to label_FinancialAssetsAtFairValue_3" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_1" xml:lang="en-US" id="label_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_1">Cash flows from (used in) investing activities, continuing operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInInvestingActivitiesContinuingOperations" xlink:to="label_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_1" xlink:title="Label : CashFlowsFromUsedInInvestingActivitiesContinuingOperations to label_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_1" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_2" xml:lang="en-US" id="label_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_2">Net cash provided (consumed) by investing activities from continuing operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInInvestingActivitiesContinuingOperations" xlink:to="label_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_2" xlink:title="Label : CashFlowsFromUsedInInvestingActivitiesContinuingOperations to label_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DiscountedCashFlowMember" xlink:label="DiscountedCashFlowMember" xlink:title="DiscountedCashFlowMember" />
    <link:label xlink:type="resource" xlink:label="label_DiscountedCashFlowMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DiscountedCashFlowMember" xml:lang="en-US" id="label_DiscountedCashFlowMember">Discounted cash flow method [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiscountedCashFlowMember" xlink:to="label_DiscountedCashFlowMember" xlink:title="Label : DiscountedCashFlowMember to label_DiscountedCashFlowMember" />
    <link:label xlink:type="resource" xlink:label="label_DiscountedCashFlowMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DiscountedCashFlowMember_1" xml:lang="en-US" id="label_DiscountedCashFlowMember_1">Discounted cash flow [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiscountedCashFlowMember" xlink:to="label_DiscountedCashFlowMember_1" xlink:title="Label : DiscountedCashFlowMember to label_DiscountedCashFlowMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OtherReceivablesInForeignCurrency" xlink:label="OtherReceivablesInForeignCurrency" xlink:title="OtherReceivablesInForeignCurrency" />
    <link:label xlink:type="resource" xlink:label="label_OtherReceivablesInForeignCurrency" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherReceivablesInForeignCurrency" xml:lang="en-US" id="label_OtherReceivablesInForeignCurrency">Trade receivables - sale of subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReceivablesInForeignCurrency" xlink:to="label_OtherReceivablesInForeignCurrency" xlink:title="Label : OtherReceivablesInForeignCurrency to label_OtherReceivablesInForeignCurrency" />
    <link:label xlink:type="resource" xlink:label="label_OtherReceivablesInForeignCurrency_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherReceivablesInForeignCurrency_1" xml:lang="en-US" id="label_OtherReceivablesInForeignCurrency_1">The amount of other receivables in foreign currency.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReceivablesInForeignCurrency" xlink:to="label_OtherReceivablesInForeignCurrency_1" xlink:title="Label : OtherReceivablesInForeignCurrency to label_OtherReceivablesInForeignCurrency_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherReceivablesInForeignCurrency_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherReceivablesInForeignCurrency_2" xml:lang="en-US" id="label_OtherReceivablesInForeignCurrency_2">Other receivables in foreign currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReceivablesInForeignCurrency" xlink:to="label_OtherReceivablesInForeignCurrency_2" xlink:title="Label : OtherReceivablesInForeignCurrency to label_OtherReceivablesInForeignCurrency_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AssetsInForeignCurrencyAbstract" xlink:label="AssetsInForeignCurrencyAbstract" xlink:title="AssetsInForeignCurrencyAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AssetsInForeignCurrencyAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssetsInForeignCurrencyAbstract" xml:lang="en-US" id="label_AssetsInForeignCurrencyAbstract">Assets in foreign currency [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsInForeignCurrencyAbstract" xlink:to="label_AssetsInForeignCurrencyAbstract" xlink:title="Label : AssetsInForeignCurrencyAbstract to label_AssetsInForeignCurrencyAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AssetsInForeignCurrencyAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AssetsInForeignCurrencyAbstract_1" xml:lang="en-US" id="label_AssetsInForeignCurrencyAbstract_1">Assets in foreign currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsInForeignCurrencyAbstract" xlink:to="label_AssetsInForeignCurrencyAbstract_1" xlink:title="Label : AssetsInForeignCurrencyAbstract to label_AssetsInForeignCurrencyAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AsiaAndOthersRegionsMember" xlink:label="AsiaAndOthersRegionsMember" xlink:title="AsiaAndOthersRegionsMember" />
    <link:label xlink:type="resource" xlink:label="label_AsiaAndOthersRegionsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AsiaAndOthersRegionsMember" xml:lang="en-US" id="label_AsiaAndOthersRegionsMember">This member stands for the information pertaining to Asia and Others regions.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AsiaAndOthersRegionsMember" xlink:to="label_AsiaAndOthersRegionsMember" xlink:title="Label : AsiaAndOthersRegionsMember to label_AsiaAndOthersRegionsMember" />
    <link:label xlink:type="resource" xlink:label="label_AsiaAndOthersRegionsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AsiaAndOthersRegionsMember_1" xml:lang="en-US" id="label_AsiaAndOthersRegionsMember_1">Asia and Others [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AsiaAndOthersRegionsMember" xlink:to="label_AsiaAndOthersRegionsMember_1" xlink:title="Label : AsiaAndOthersRegionsMember to label_AsiaAndOthersRegionsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AsiaAndOthersRegionsMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AsiaAndOthersRegionsMember_2" xml:lang="en-US" id="label_AsiaAndOthersRegionsMember_2">Asia And Others [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AsiaAndOthersRegionsMember" xlink:to="label_AsiaAndOthersRegionsMember_2" xlink:title="Label : AsiaAndOthersRegionsMember to label_AsiaAndOthersRegionsMember_2" />
    <link:label xlink:type="resource" xlink:label="label_AsiaAndOthersRegionsMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AsiaAndOthersRegionsMember_3" xml:lang="en-US" id="label_AsiaAndOthersRegionsMember_3">Others [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AsiaAndOthersRegionsMember" xlink:to="label_AsiaAndOthersRegionsMember_3" xlink:title="Label : AsiaAndOthersRegionsMember to label_AsiaAndOthersRegionsMember_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OtherLatinAmericanCountriesMember" xlink:label="OtherLatinAmericanCountriesMember" xlink:title="OtherLatinAmericanCountriesMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherLatinAmericanCountriesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherLatinAmericanCountriesMember" xml:lang="en-US" id="label_OtherLatinAmericanCountriesMember">Other Latin American Countries [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherLatinAmericanCountriesMember" xlink:to="label_OtherLatinAmericanCountriesMember" xlink:title="Label : OtherLatinAmericanCountriesMember to label_OtherLatinAmericanCountriesMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherLatinAmericanCountriesMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherLatinAmericanCountriesMember_1" xml:lang="en-US" id="label_OtherLatinAmericanCountriesMember_1">Other Latin American countries [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherLatinAmericanCountriesMember" xlink:to="label_OtherLatinAmericanCountriesMember_1" xlink:title="Label : OtherLatinAmericanCountriesMember to label_OtherLatinAmericanCountriesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherLatinAmericanCountriesMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherLatinAmericanCountriesMember_2" xml:lang="en-US" id="label_OtherLatinAmericanCountriesMember_2">This member stands for the information pertaining to a geographical region of "Other Latin American countries".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherLatinAmericanCountriesMember" xlink:to="label_OtherLatinAmericanCountriesMember_2" xlink:title="Label : OtherLatinAmericanCountriesMember to label_OtherLatinAmericanCountriesMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_UnitedStatesOfAmericaAndCanadaMember" xlink:label="UnitedStatesOfAmericaAndCanadaMember" xlink:title="UnitedStatesOfAmericaAndCanadaMember" />
    <link:label xlink:type="resource" xlink:label="label_UnitedStatesOfAmericaAndCanadaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UnitedStatesOfAmericaAndCanadaMember" xml:lang="en-US" id="label_UnitedStatesOfAmericaAndCanadaMember">Region of United States of America and Canada.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnitedStatesOfAmericaAndCanadaMember" xlink:to="label_UnitedStatesOfAmericaAndCanadaMember" xlink:title="Label : UnitedStatesOfAmericaAndCanadaMember to label_UnitedStatesOfAmericaAndCanadaMember" />
    <link:label xlink:type="resource" xlink:label="label_UnitedStatesOfAmericaAndCanadaMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnitedStatesOfAmericaAndCanadaMember_1" xml:lang="en-US" id="label_UnitedStatesOfAmericaAndCanadaMember_1">United States Of America And Canada [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnitedStatesOfAmericaAndCanadaMember" xlink:to="label_UnitedStatesOfAmericaAndCanadaMember_1" xlink:title="Label : UnitedStatesOfAmericaAndCanadaMember to label_UnitedStatesOfAmericaAndCanadaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_UnitedStatesOfAmericaAndCanadaMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UnitedStatesOfAmericaAndCanadaMember_2" xml:lang="en-US" id="label_UnitedStatesOfAmericaAndCanadaMember_2">United States of America and Canada [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnitedStatesOfAmericaAndCanadaMember" xlink:to="label_UnitedStatesOfAmericaAndCanadaMember_2" xlink:title="Label : UnitedStatesOfAmericaAndCanadaMember to label_UnitedStatesOfAmericaAndCanadaMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2024/country-2024.xsd#country_SG" xlink:label="SG" xlink:title="SG" />
    <link:label xlink:type="resource" xlink:label="label_SG" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SG" xml:lang="en-US" id="label_SG">Singapore [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SG" xlink:to="label_SG" xlink:title="Label : SG to label_SG" />
    <link:label xlink:type="resource" xlink:label="label_SG_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SG_1" xml:lang="en-US" id="label_SG_1">SINGAPORE</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SG" xlink:to="label_SG_1" xlink:title="Label : SG to label_SG_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2024/elts/srt-2024.xsd#srt_EuropeMember" xlink:label="EuropeMember" xlink:title="EuropeMember" />
    <link:label xlink:type="resource" xlink:label="label_EuropeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EuropeMember" xml:lang="en-US" id="label_EuropeMember">Europe [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EuropeMember" xlink:to="label_EuropeMember" xlink:title="Label : EuropeMember to label_EuropeMember" />
    <link:label xlink:type="resource" xlink:label="label_EuropeMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EuropeMember_1" xml:lang="en-US" id="label_EuropeMember_1">Europe [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EuropeMember" xlink:to="label_EuropeMember_1" xlink:title="Label : EuropeMember to label_EuropeMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2024/country-2024.xsd#country_BR" xlink:label="BR" xlink:title="BR" />
    <link:label xlink:type="resource" xlink:label="label_BR" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BR" xml:lang="en-US" id="label_BR">BRAZIL</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BR" xlink:to="label_BR" xlink:title="Label : BR to label_BR" />
    <link:label xlink:type="resource" xlink:label="label_BR_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BR_1" xml:lang="en-US" id="label_BR_1">Brazil [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BR" xlink:to="label_BR_1" xlink:title="Label : BR to label_BR_1" />
    <link:label xlink:type="resource" xlink:label="label_BR_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_BR_2" xml:lang="en-US" id="label_BR_2">Brazil [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BR" xlink:to="label_BR_2" xlink:title="Label : BR to label_BR_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2024/country-2024.xsd#country_UY" xlink:label="UY" xlink:title="UY" />
    <link:label xlink:type="resource" xlink:label="label_UY" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_UY" xml:lang="en-US" id="label_UY">Uruguay [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UY" xlink:to="label_UY" xlink:title="Label : UY to label_UY" />
    <link:label xlink:type="resource" xlink:label="label_UY_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UY_1" xml:lang="en-US" id="label_UY_1">Uruguay [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UY" xlink:to="label_UY_1" xlink:title="Label : UY to label_UY_1" />
    <link:label xlink:type="resource" xlink:label="label_UY_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UY_2" xml:lang="en-US" id="label_UY_2">URUGUAY</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UY" xlink:to="label_UY_2" xlink:title="Label : UY to label_UY_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2024/country-2024.xsd#country_MX" xlink:label="MX" xlink:title="MX" />
    <link:label xlink:type="resource" xlink:label="label_MX" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_MX" xml:lang="en-US" id="label_MX">Mexico [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MX" xlink:to="label_MX" xlink:title="Label : MX to label_MX" />
    <link:label xlink:type="resource" xlink:label="label_MX_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MX_1" xml:lang="en-US" id="label_MX_1">Mexico [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MX" xlink:to="label_MX_1" xlink:title="Label : MX to label_MX_1" />
    <link:label xlink:type="resource" xlink:label="label_MX_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MX_2" xml:lang="en-US" id="label_MX_2">MEXICO</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MX" xlink:to="label_MX_2" xlink:title="Label : MX to label_MX_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2024/country-2024.xsd#country_US" xlink:label="US" xlink:title="US" />
    <link:label xlink:type="resource" xlink:label="label_US" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_US" xml:lang="en-US" id="label_US">United States [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="US" xlink:to="label_US" xlink:title="Label : US to label_US" />
    <link:label xlink:type="resource" xlink:label="label_US_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_US_1" xml:lang="en-US" id="label_US_1">UNITED STATES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="US" xlink:to="label_US_1" xlink:title="Label : US to label_US_1" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromContinuingAndDiscontinuedOperationsAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashFlowsFromContinuingAndDiscontinuedOperationsAbstract_1" xml:lang="en-US" id="label_CashFlowsFromContinuingAndDiscontinuedOperationsAbstract_1">Cash flow</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromContinuingAndDiscontinuedOperationsAbstract" xlink:to="label_CashFlowsFromContinuingAndDiscontinuedOperationsAbstract_1" xlink:title="Label : CashFlowsFromContinuingAndDiscontinuedOperationsAbstract to label_CashFlowsFromContinuingAndDiscontinuedOperationsAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AssetsHeldForSaleMember" xlink:label="AssetsHeldForSaleMember" xlink:title="AssetsHeldForSaleMember" />
    <link:label xlink:type="resource" xlink:label="label_AssetsHeldForSaleMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AssetsHeldForSaleMember" xml:lang="en-US" id="label_AssetsHeldForSaleMember">Assets from subsidiaries held for sale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsHeldForSaleMember" xlink:to="label_AssetsHeldForSaleMember" xlink:title="Label : AssetsHeldForSaleMember to label_AssetsHeldForSaleMember" />
    <link:label xlink:type="resource" xlink:label="label_AssetsHeldForSaleMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AssetsHeldForSaleMember_1" xml:lang="en-US" id="label_AssetsHeldForSaleMember_1">This member stands for the information pertaining to assets held for sale.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsHeldForSaleMember" xlink:to="label_AssetsHeldForSaleMember_1" xlink:title="Label : AssetsHeldForSaleMember to label_AssetsHeldForSaleMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AssetsHeldForSaleMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssetsHeldForSaleMember_2" xml:lang="en-US" id="label_AssetsHeldForSaleMember_2">Assets held for sale [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsHeldForSaleMember" xlink:to="label_AssetsHeldForSaleMember_2" xlink:title="Label : AssetsHeldForSaleMember to label_AssetsHeldForSaleMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OxitenoMember" xlink:label="OxitenoMember" xlink:title="OxitenoMember" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OxitenoMember" xml:lang="en-US" id="label_OxitenoMember">Oxiteno [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoMember" xlink:to="label_OxitenoMember" xlink:title="Label : OxitenoMember to label_OxitenoMember" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoMember_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OxitenoMember_1" xml:lang="en-US" id="label_OxitenoMember_1">Oxiteno [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoMember" xlink:to="label_OxitenoMember_1" xlink:title="Label : OxitenoMember to label_OxitenoMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OxitenoMember_2" xml:lang="en-US" id="label_OxitenoMember_2">Oxiteno [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoMember" xlink:to="label_OxitenoMember_2" xlink:title="Label : OxitenoMember to label_OxitenoMember_2" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoMember_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OxitenoMember_3" xml:lang="en-US" id="label_OxitenoMember_3">This member stands for the information pertaining to Oxiteno.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoMember" xlink:to="label_OxitenoMember_3" xlink:title="Label : OxitenoMember to label_OxitenoMember_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ExpenseOfRestructuringActivities" xlink:label="ExpenseOfRestructuringActivities" xlink:title="ExpenseOfRestructuringActivities" />
    <link:label xlink:type="resource" xlink:label="label_ExpenseOfRestructuringActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExpenseOfRestructuringActivities" xml:lang="en-US" id="label_ExpenseOfRestructuringActivities">Expenses related to restructuring activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpenseOfRestructuringActivities" xlink:to="label_ExpenseOfRestructuringActivities" xlink:title="Label : ExpenseOfRestructuringActivities to label_ExpenseOfRestructuringActivities" />
    <link:label xlink:type="resource" xlink:label="label_ExpenseOfRestructuringActivities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExpenseOfRestructuringActivities_1" xml:lang="en-US" id="label_ExpenseOfRestructuringActivities_1">Expense of restructuring activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpenseOfRestructuringActivities" xlink:to="label_ExpenseOfRestructuringActivities_1" xlink:title="Label : ExpenseOfRestructuringActivities to label_ExpenseOfRestructuringActivities_1" />
    <link:label xlink:type="resource" xlink:label="label_ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures_1" xml:lang="en-US" id="label_ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures_1">Share of profit (loss) of joint ventures and associates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" xlink:to="label_ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures_1" xlink:title="Label : ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures to label_ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures_1" />
    <link:label xlink:type="resource" xlink:label="label_ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures_2" xml:lang="en-US" id="label_ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures_2">Share of profit (loss) of subsidiaries, joint ventures and associates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" xlink:to="label_ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures_2" xlink:title="Label : ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures to label_ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures_2" />
    <link:label xlink:type="resource" xlink:label="label_ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures_3" xml:lang="en-US" id="label_ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures_3">Share Of Profit (Loss) Of Subsidiaries Associates And Joint Ventures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" xlink:to="label_ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures_3" xlink:title="Label : ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures to label_ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures_3" />
    <link:label xlink:type="resource" xlink:label="label_SellingAndMarketingExpenses_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SellingAndMarketingExpenses_1" xml:lang="en-US" id="label_SellingAndMarketingExpenses_1">Selling and marketing expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingAndMarketingExpenses" xlink:to="label_SellingAndMarketingExpenses_1" xlink:title="Label : SellingAndMarketingExpenses to label_SellingAndMarketingExpenses_1" />
    <link:label xlink:type="resource" xlink:label="label_SellingAndMarketingExpenses_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_SellingAndMarketingExpenses_2" xml:lang="en-US" id="label_SellingAndMarketingExpenses_2">Selling and marketing</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingAndMarketingExpenses" xlink:to="label_SellingAndMarketingExpenses_2" xlink:title="Label : SellingAndMarketingExpenses to label_SellingAndMarketingExpenses_2" />
    <link:label xlink:type="resource" xlink:label="label_SellingAndMarketingExpenses_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SellingAndMarketingExpenses_3" xml:lang="en-US" id="label_SellingAndMarketingExpenses_3">The amount of expense relating to the selling and marketing of goods or services.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingAndMarketingExpenses" xlink:to="label_SellingAndMarketingExpenses_3" xlink:title="Label : SellingAndMarketingExpenses to label_SellingAndMarketingExpenses_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RevenueFromContractsWithCustomers" xlink:label="RevenueFromContractsWithCustomers" xlink:title="RevenueFromContractsWithCustomers" />
    <link:label xlink:type="resource" xlink:label="label_RevenueFromContractsWithCustomers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RevenueFromContractsWithCustomers" xml:lang="en-US" id="label_RevenueFromContractsWithCustomers">Transactions with third parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueFromContractsWithCustomers" xlink:to="label_RevenueFromContractsWithCustomers" xlink:title="Label : RevenueFromContractsWithCustomers to label_RevenueFromContractsWithCustomers" />
    <link:label xlink:type="resource" xlink:label="label_RevenueFromContractsWithCustomers_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevenueFromContractsWithCustomers_1" xml:lang="en-US" id="label_RevenueFromContractsWithCustomers_1">Revenue from contracts with customers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueFromContractsWithCustomers" xlink:to="label_RevenueFromContractsWithCustomers_1" xlink:title="Label : RevenueFromContractsWithCustomers to label_RevenueFromContractsWithCustomers_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProfitLossAbstract" xlink:label="ProfitLossAbstract" xlink:title="ProfitLossAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitLossAbstract" xml:lang="en-US" id="label_ProfitLossAbstract">Income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAbstract" xlink:to="label_ProfitLossAbstract" xlink:title="Label : ProfitLossAbstract to label_ProfitLossAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLossAbstract_1" xml:lang="en-US" id="label_ProfitLossAbstract_1">Profit (loss) [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAbstract" xlink:to="label_ProfitLossAbstract_1" xlink:title="Label : ProfitLossAbstract to label_ProfitLossAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_EliminationOfIntersegmentAmountsMember" xlink:label="EliminationOfIntersegmentAmountsMember" xlink:title="EliminationOfIntersegmentAmountsMember" />
    <link:label xlink:type="resource" xlink:label="label_EliminationOfIntersegmentAmountsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EliminationOfIntersegmentAmountsMember" xml:lang="en-US" id="label_EliminationOfIntersegmentAmountsMember">Elimination of intersegment amounts [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EliminationOfIntersegmentAmountsMember" xlink:to="label_EliminationOfIntersegmentAmountsMember" xlink:title="Label : EliminationOfIntersegmentAmountsMember to label_EliminationOfIntersegmentAmountsMember" />
    <link:label xlink:type="resource" xlink:label="label_EliminationOfIntersegmentAmountsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EliminationOfIntersegmentAmountsMember_1" xml:lang="en-US" id="label_EliminationOfIntersegmentAmountsMember_1">Elimination of intersegment amounts [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EliminationOfIntersegmentAmountsMember" xlink:to="label_EliminationOfIntersegmentAmountsMember_1" xlink:title="Label : EliminationOfIntersegmentAmountsMember to label_EliminationOfIntersegmentAmountsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_EliminationOfIntersegmentAmountsMember_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_EliminationOfIntersegmentAmountsMember_2" xml:lang="en-US" id="label_EliminationOfIntersegmentAmountsMember_2">Eliminations [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EliminationOfIntersegmentAmountsMember" xlink:to="label_EliminationOfIntersegmentAmountsMember_2" xlink:title="Label : EliminationOfIntersegmentAmountsMember to label_EliminationOfIntersegmentAmountsMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SegmentConsolidationItemsDomain" xlink:label="SegmentConsolidationItemsDomain" xlink:title="SegmentConsolidationItemsDomain" />
    <link:label xlink:type="resource" xlink:label="label_SegmentConsolidationItemsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SegmentConsolidationItemsDomain" xml:lang="en-US" id="label_SegmentConsolidationItemsDomain">Segment consolidation items [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SegmentConsolidationItemsDomain" xlink:to="label_SegmentConsolidationItemsDomain" xlink:title="Label : SegmentConsolidationItemsDomain to label_SegmentConsolidationItemsDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SegmentConsolidationItemsAxis" xlink:label="SegmentConsolidationItemsAxis" xlink:title="SegmentConsolidationItemsAxis" />
    <link:label xlink:type="resource" xlink:label="label_SegmentConsolidationItemsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SegmentConsolidationItemsAxis" xml:lang="en-US" id="label_SegmentConsolidationItemsAxis">Segment consolidation items [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SegmentConsolidationItemsAxis" xlink:to="label_SegmentConsolidationItemsAxis" xlink:title="Label : SegmentConsolidationItemsAxis to label_SegmentConsolidationItemsAxis" />
    <link:label xlink:type="resource" xlink:label="label_SegmentConsolidationItemsAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SegmentConsolidationItemsAxis_1" xml:lang="en-US" id="label_SegmentConsolidationItemsAxis_1">Segment consolidation items [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SegmentConsolidationItemsAxis" xlink:to="label_SegmentConsolidationItemsAxis_1" xlink:title="Label : SegmentConsolidationItemsAxis to label_SegmentConsolidationItemsAxis_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ReportableSegmentsMember" xlink:label="ReportableSegmentsMember" xlink:title="ReportableSegmentsMember" />
    <link:label xlink:type="resource" xlink:label="label_ReportableSegmentsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ReportableSegmentsMember" xml:lang="en-US" id="label_ReportableSegmentsMember">Subtotal Segments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReportableSegmentsMember" xlink:to="label_ReportableSegmentsMember" xlink:title="Label : ReportableSegmentsMember to label_ReportableSegmentsMember" />
    <link:label xlink:type="resource" xlink:label="label_ReportableSegmentsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReportableSegmentsMember_1" xml:lang="en-US" id="label_ReportableSegmentsMember_1">Reportable segments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReportableSegmentsMember" xlink:to="label_ReportableSegmentsMember_1" xlink:title="Label : ReportableSegmentsMember to label_ReportableSegmentsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ReportableSegmentsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReportableSegmentsMember_2" xml:lang="en-US" id="label_ReportableSegmentsMember_2">Reportable segments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReportableSegmentsMember" xlink:to="label_ReportableSegmentsMember_2" xlink:title="Label : ReportableSegmentsMember to label_ReportableSegmentsMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AllOtherSegmentsMember" xlink:label="AllOtherSegmentsMember" xlink:title="AllOtherSegmentsMember" />
    <link:label xlink:type="resource" xlink:label="label_AllOtherSegmentsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AllOtherSegmentsMember" xml:lang="en-US" id="label_AllOtherSegmentsMember">Others [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllOtherSegmentsMember" xlink:to="label_AllOtherSegmentsMember" xlink:title="Label : AllOtherSegmentsMember to label_AllOtherSegmentsMember" />
    <link:label xlink:type="resource" xlink:label="label_AllOtherSegmentsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AllOtherSegmentsMember_1" xml:lang="en-US" id="label_AllOtherSegmentsMember_1">All other segments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllOtherSegmentsMember" xlink:to="label_AllOtherSegmentsMember_1" xlink:title="Label : AllOtherSegmentsMember to label_AllOtherSegmentsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AllOtherSegmentsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AllOtherSegmentsMember_2" xml:lang="en-US" id="label_AllOtherSegmentsMember_2">All other segments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllOtherSegmentsMember" xlink:to="label_AllOtherSegmentsMember_2" xlink:title="Label : AllOtherSegmentsMember to label_AllOtherSegmentsMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_MajorOrdinaryShareTransactionsMember" xlink:label="MajorOrdinaryShareTransactionsMember" xlink:title="MajorOrdinaryShareTransactionsMember" />
    <link:label xlink:type="resource" xlink:label="label_MajorOrdinaryShareTransactionsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MajorOrdinaryShareTransactionsMember" xml:lang="en-US" id="label_MajorOrdinaryShareTransactionsMember">Major ordinary share transactions [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorOrdinaryShareTransactionsMember" xlink:to="label_MajorOrdinaryShareTransactionsMember" xlink:title="Label : MajorOrdinaryShareTransactionsMember to label_MajorOrdinaryShareTransactionsMember" />
    <link:label xlink:type="resource" xlink:label="label_MajorOrdinaryShareTransactionsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MajorOrdinaryShareTransactionsMember_1" xml:lang="en-US" id="label_MajorOrdinaryShareTransactionsMember_1">Major ordinary share transactions [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorOrdinaryShareTransactionsMember" xlink:to="label_MajorOrdinaryShareTransactionsMember_1" xlink:title="Label : MajorOrdinaryShareTransactionsMember to label_MajorOrdinaryShareTransactionsMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NonadjustingEventsAfterReportingPeriodDomain" xlink:label="NonadjustingEventsAfterReportingPeriodDomain" xlink:title="NonadjustingEventsAfterReportingPeriodDomain" />
    <link:label xlink:type="resource" xlink:label="label_NonadjustingEventsAfterReportingPeriodDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NonadjustingEventsAfterReportingPeriodDomain" xml:lang="en-US" id="label_NonadjustingEventsAfterReportingPeriodDomain">Non-adjusting events after reporting period [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonadjustingEventsAfterReportingPeriodDomain" xlink:to="label_NonadjustingEventsAfterReportingPeriodDomain" xlink:title="Label : NonadjustingEventsAfterReportingPeriodDomain to label_NonadjustingEventsAfterReportingPeriodDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:label="NonadjustingEventsAfterReportingPeriodAxis" xlink:title="NonadjustingEventsAfterReportingPeriodAxis" />
    <link:label xlink:type="resource" xlink:label="label_NonadjustingEventsAfterReportingPeriodAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NonadjustingEventsAfterReportingPeriodAxis" xml:lang="en-US" id="label_NonadjustingEventsAfterReportingPeriodAxis">Non-adjusting events after reporting period [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonadjustingEventsAfterReportingPeriodAxis" xlink:to="label_NonadjustingEventsAfterReportingPeriodAxis" xlink:title="Label : NonadjustingEventsAfterReportingPeriodAxis to label_NonadjustingEventsAfterReportingPeriodAxis" />
    <link:label xlink:type="resource" xlink:label="label_NonadjustingEventsAfterReportingPeriodAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NonadjustingEventsAfterReportingPeriodAxis_1" xml:lang="en-US" id="label_NonadjustingEventsAfterReportingPeriodAxis_1">Non-adjusting events after reporting period [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonadjustingEventsAfterReportingPeriodAxis" xlink:to="label_NonadjustingEventsAfterReportingPeriodAxis_1" xlink:title="Label : NonadjustingEventsAfterReportingPeriodAxis to label_NonadjustingEventsAfterReportingPeriodAxis_1" />
    <link:label xlink:type="resource" xlink:label="label_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_1" xml:lang="en-US" id="label_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_1">Stock plan</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:to="label_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_1" xlink:title="Label : DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares to label_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_1" />
    <link:label xlink:type="resource" xlink:label="label_AdjustedWeightedAverageShares_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_AdjustedWeightedAverageShares_2" xml:lang="en-US" id="label_AdjustedWeightedAverageShares_2">Weighted average number of shares for diluted earnings per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustedWeightedAverageShares" xlink:to="label_AdjustedWeightedAverageShares_2" xlink:title="Label : AdjustedWeightedAverageShares to label_AdjustedWeightedAverageShares_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DilutedEarningsPerShareAbstract" xlink:label="DilutedEarningsPerShareAbstract" xlink:title="DilutedEarningsPerShareAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DilutedEarningsPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DilutedEarningsPerShareAbstract" xml:lang="en-US" id="label_DilutedEarningsPerShareAbstract">Diluted earnings per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DilutedEarningsPerShareAbstract" xlink:to="label_DilutedEarningsPerShareAbstract" xlink:title="Label : DilutedEarningsPerShareAbstract to label_DilutedEarningsPerShareAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DilutedEarningsPerShareAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DilutedEarningsPerShareAbstract_1" xml:lang="en-US" id="label_DilutedEarningsPerShareAbstract_1">Diluted earnings per share [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DilutedEarningsPerShareAbstract" xlink:to="label_DilutedEarningsPerShareAbstract_1" xlink:title="Label : DilutedEarningsPerShareAbstract to label_DilutedEarningsPerShareAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_WeightedAverageShares" xlink:label="WeightedAverageShares" xlink:title="WeightedAverageShares" />
    <link:label xlink:type="resource" xlink:label="label_WeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_WeightedAverageShares" xml:lang="en-US" id="label_WeightedAverageShares">Weighted average number of shares outstanding (in thousands)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeightedAverageShares" xlink:to="label_WeightedAverageShares" xlink:title="Label : WeightedAverageShares to label_WeightedAverageShares" />
    <link:label xlink:type="resource" xlink:label="label_WeightedAverageShares_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WeightedAverageShares_1" xml:lang="en-US" id="label_WeightedAverageShares_1">Weighted average number of ordinary shares outstanding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeightedAverageShares" xlink:to="label_WeightedAverageShares_1" xlink:title="Label : WeightedAverageShares to label_WeightedAverageShares_1" />
    <link:label xlink:type="resource" xlink:label="label_WeightedAverageShares_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_WeightedAverageShares_2" xml:lang="en-US" id="label_WeightedAverageShares_2">Weighted average number of shares for basic earnings per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeightedAverageShares" xlink:to="label_WeightedAverageShares_2" xlink:title="Label : WeightedAverageShares to label_WeightedAverageShares_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BasicEarningsPerShareAbstract" xlink:label="BasicEarningsPerShareAbstract" xlink:title="BasicEarningsPerShareAbstract" />
    <link:label xlink:type="resource" xlink:label="label_BasicEarningsPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BasicEarningsPerShareAbstract" xml:lang="en-US" id="label_BasicEarningsPerShareAbstract">Basic earnings per share [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BasicEarningsPerShareAbstract" xlink:to="label_BasicEarningsPerShareAbstract" xlink:title="Label : BasicEarningsPerShareAbstract to label_BasicEarningsPerShareAbstract" />
    <link:label xlink:type="resource" xlink:label="label_BasicEarningsPerShareAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BasicEarningsPerShareAbstract_1" xml:lang="en-US" id="label_BasicEarningsPerShareAbstract_1">Basic earnings per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BasicEarningsPerShareAbstract" xlink:to="label_BasicEarningsPerShareAbstract_1" xlink:title="Label : BasicEarningsPerShareAbstract to label_BasicEarningsPerShareAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherFinanceCost" xlink:label="OtherFinanceCost" xlink:title="OtherFinanceCost" />
    <link:label xlink:type="resource" xlink:label="label_OtherFinanceCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherFinanceCost" xml:lang="en-US" id="label_OtherFinanceCost">Other finance cost</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherFinanceCost" xlink:to="label_OtherFinanceCost" xlink:title="Label : OtherFinanceCost to label_OtherFinanceCost" />
    <link:label xlink:type="resource" xlink:label="label_OtherFinanceCost_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_OtherFinanceCost_1" xml:lang="en-US" id="label_OtherFinanceCost_1">Interest of provisions and other expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherFinanceCost" xlink:to="label_OtherFinanceCost_1" xlink:title="Label : OtherFinanceCost to label_OtherFinanceCost_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_UpdateOfProvisionsNetAndOtherExpenses" xlink:label="UpdateOfProvisionsNetAndOtherExpenses" xlink:title="UpdateOfProvisionsNetAndOtherExpenses" />
    <link:label xlink:type="resource" xlink:label="label_UpdateOfProvisionsNetAndOtherExpenses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UpdateOfProvisionsNetAndOtherExpenses" xml:lang="en-US" id="label_UpdateOfProvisionsNetAndOtherExpenses">The amount of update of of provisions and other expenses.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UpdateOfProvisionsNetAndOtherExpenses" xlink:to="label_UpdateOfProvisionsNetAndOtherExpenses" xlink:title="Label : UpdateOfProvisionsNetAndOtherExpenses to label_UpdateOfProvisionsNetAndOtherExpenses" />
    <link:label xlink:type="resource" xlink:label="label_UpdateOfProvisionsNetAndOtherExpenses_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_UpdateOfProvisionsNetAndOtherExpenses_1" xml:lang="en-US" id="label_UpdateOfProvisionsNetAndOtherExpenses_1">Update of provisions, net, and other expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UpdateOfProvisionsNetAndOtherExpenses" xlink:to="label_UpdateOfProvisionsNetAndOtherExpenses_1" xlink:title="Label : UpdateOfProvisionsNetAndOtherExpenses to label_UpdateOfProvisionsNetAndOtherExpenses_1" />
    <link:label xlink:type="resource" xlink:label="label_UpdateOfProvisionsNetAndOtherExpenses_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UpdateOfProvisionsNetAndOtherExpenses_2" xml:lang="en-US" id="label_UpdateOfProvisionsNetAndOtherExpenses_2">Update of Provisions Net and Other Expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UpdateOfProvisionsNetAndOtherExpenses" xlink:to="label_UpdateOfProvisionsNetAndOtherExpenses_2" xlink:title="Label : UpdateOfProvisionsNetAndOtherExpenses to label_UpdateOfProvisionsNetAndOtherExpenses_2" />
    <link:label xlink:type="resource" xlink:label="label_ExchangeVariationNetOfGainsAndLossesHedgingInstruments_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExchangeVariationNetOfGainsAndLossesHedgingInstruments_1" xml:lang="en-US" id="label_ExchangeVariationNetOfGainsAndLossesHedgingInstruments_1">Exchange variation net of gains and losses hedging instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExchangeVariationNetOfGainsAndLossesHedgingInstruments" xlink:to="label_ExchangeVariationNetOfGainsAndLossesHedgingInstruments_1" xlink:title="Label : ExchangeVariationNetOfGainsAndLossesHedgingInstruments to label_ExchangeVariationNetOfGainsAndLossesHedgingInstruments_1" />
    <link:label xlink:type="resource" xlink:label="label_ExchangeVariationNetOfGainsAndLossesHedgingInstruments_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ExchangeVariationNetOfGainsAndLossesHedgingInstruments_2" xml:lang="en-US" id="label_ExchangeVariationNetOfGainsAndLossesHedgingInstruments_2">The amount of interest expense on exchange variation, net of gains and losses with hedging instruments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExchangeVariationNetOfGainsAndLossesHedgingInstruments" xlink:to="label_ExchangeVariationNetOfGainsAndLossesHedgingInstruments_2" xlink:title="Label : ExchangeVariationNetOfGainsAndLossesHedgingInstruments to label_ExchangeVariationNetOfGainsAndLossesHedgingInstruments_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InterestExpenseOnOtherFinancialLiabilities" xlink:label="InterestExpenseOnOtherFinancialLiabilities" xlink:title="InterestExpenseOnOtherFinancialLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_InterestExpenseOnOtherFinancialLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_InterestExpenseOnOtherFinancialLiabilities" xml:lang="en-US" id="label_InterestExpenseOnOtherFinancialLiabilities">Bank charges, financial transactions tax, and other taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpenseOnOtherFinancialLiabilities" xlink:to="label_InterestExpenseOnOtherFinancialLiabilities" xlink:title="Label : InterestExpenseOnOtherFinancialLiabilities to label_InterestExpenseOnOtherFinancialLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_InterestExpenseOnOtherFinancialLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestExpenseOnOtherFinancialLiabilities_1" xml:lang="en-US" id="label_InterestExpenseOnOtherFinancialLiabilities_1">Interest expense on other financial liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpenseOnOtherFinancialLiabilities" xlink:to="label_InterestExpenseOnOtherFinancialLiabilities_1" xlink:title="Label : InterestExpenseOnOtherFinancialLiabilities to label_InterestExpenseOnOtherFinancialLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ChangesInSubscriptionWarrants" xlink:label="ChangesInSubscriptionWarrants" xlink:title="ChangesInSubscriptionWarrants" />
    <link:label xlink:type="resource" xlink:label="label_ChangesInSubscriptionWarrants" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ChangesInSubscriptionWarrants" xml:lang="en-US" id="label_ChangesInSubscriptionWarrants">Update of subscription warrants (see Note 19)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangesInSubscriptionWarrants" xlink:to="label_ChangesInSubscriptionWarrants" xlink:title="Label : ChangesInSubscriptionWarrants to label_ChangesInSubscriptionWarrants" />
    <link:label xlink:type="resource" xlink:label="label_ChangesInSubscriptionWarrants_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ChangesInSubscriptionWarrants_1" xml:lang="en-US" id="label_ChangesInSubscriptionWarrants_1">The amount of interest expense on changes in subscription warrants indemnification.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangesInSubscriptionWarrants" xlink:to="label_ChangesInSubscriptionWarrants_1" xlink:title="Label : ChangesInSubscriptionWarrants to label_ChangesInSubscriptionWarrants_1" />
    <link:label xlink:type="resource" xlink:label="label_ChangesInSubscriptionWarrants_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChangesInSubscriptionWarrants_2" xml:lang="en-US" id="label_ChangesInSubscriptionWarrants_2">Changes in subscription warrants</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangesInSubscriptionWarrants" xlink:to="label_ChangesInSubscriptionWarrants_2" xlink:title="Label : ChangesInSubscriptionWarrants to label_ChangesInSubscriptionWarrants_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FinanceLeasesInterest" xlink:label="FinanceLeasesInterest" xlink:title="FinanceLeasesInterest" />
    <link:label xlink:type="resource" xlink:label="label_FinanceLeasesInterest" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FinanceLeasesInterest" xml:lang="en-US" id="label_FinanceLeasesInterest">The amount of interest expense on leases payable.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceLeasesInterest" xlink:to="label_FinanceLeasesInterest" xlink:title="Label : FinanceLeasesInterest to label_FinanceLeasesInterest" />
    <link:label xlink:type="resource" xlink:label="label_FinanceLeasesInterest_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_FinanceLeasesInterest_1" xml:lang="en-US" id="label_FinanceLeasesInterest_1">Interest on leases payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceLeasesInterest" xlink:to="label_FinanceLeasesInterest_1" xlink:title="Label : FinanceLeasesInterest to label_FinanceLeasesInterest_1" />
    <link:label xlink:type="resource" xlink:label="label_FinanceLeasesInterest_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinanceLeasesInterest_2" xml:lang="en-US" id="label_FinanceLeasesInterest_2">Finance leases interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceLeasesInterest" xlink:to="label_FinanceLeasesInterest_2" xlink:title="Label : FinanceLeasesInterest to label_FinanceLeasesInterest_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InterestExpenseOnDebtInstrumentsIssued" xlink:label="InterestExpenseOnDebtInstrumentsIssued" xlink:title="InterestExpenseOnDebtInstrumentsIssued" />
    <link:label xlink:type="resource" xlink:label="label_InterestExpenseOnDebtInstrumentsIssued" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_InterestExpenseOnDebtInstrumentsIssued" xml:lang="en-US" id="label_InterestExpenseOnDebtInstrumentsIssued">Interest on debentures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpenseOnDebtInstrumentsIssued" xlink:to="label_InterestExpenseOnDebtInstrumentsIssued" xlink:title="Label : InterestExpenseOnDebtInstrumentsIssued to label_InterestExpenseOnDebtInstrumentsIssued" />
    <link:label xlink:type="resource" xlink:label="label_InterestExpenseOnDebtInstrumentsIssued_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestExpenseOnDebtInstrumentsIssued_1" xml:lang="en-US" id="label_InterestExpenseOnDebtInstrumentsIssued_1">Interest expense on debt instruments issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpenseOnDebtInstrumentsIssued" xlink:to="label_InterestExpenseOnDebtInstrumentsIssued_1" xlink:title="Label : InterestExpenseOnDebtInstrumentsIssued to label_InterestExpenseOnDebtInstrumentsIssued_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InterestExpenseOnBorrowings" xlink:label="InterestExpenseOnBorrowings" xlink:title="InterestExpenseOnBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_InterestExpenseOnBorrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestExpenseOnBorrowings" xml:lang="en-US" id="label_InterestExpenseOnBorrowings">Interest effect on debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpenseOnBorrowings" xlink:to="label_InterestExpenseOnBorrowings" xlink:title="Label : InterestExpenseOnBorrowings to label_InterestExpenseOnBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_InterestExpenseOnBorrowings_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_InterestExpenseOnBorrowings_1" xml:lang="en-US" id="label_InterestExpenseOnBorrowings_1">Interest on loans</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpenseOnBorrowings" xlink:to="label_InterestExpenseOnBorrowings_1" xlink:title="Label : InterestExpenseOnBorrowings to label_InterestExpenseOnBorrowings_1" />
    <link:label xlink:type="resource" xlink:label="label_InterestExpenseOnBorrowings_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestExpenseOnBorrowings_2" xml:lang="en-US" id="label_InterestExpenseOnBorrowings_2">Interest expense on borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpenseOnBorrowings" xlink:to="label_InterestExpenseOnBorrowings_2" xlink:title="Label : InterestExpenseOnBorrowings to label_InterestExpenseOnBorrowings_2" />
    <link:label xlink:type="resource" xlink:label="label_InterestExpenseOnBorrowings_3" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_InterestExpenseOnBorrowings_3" xml:lang="en-US" id="label_InterestExpenseOnBorrowings_3">Interest effect on debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpenseOnBorrowings" xlink:to="label_InterestExpenseOnBorrowings_3" xlink:title="Label : InterestExpenseOnBorrowings to label_InterestExpenseOnBorrowings_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherFinanceIncome" xlink:label="OtherFinanceIncome" xlink:title="OtherFinanceIncome" />
    <link:label xlink:type="resource" xlink:label="label_OtherFinanceIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherFinanceIncome" xml:lang="en-US" id="label_OtherFinanceIncome">Other finance income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherFinanceIncome" xlink:to="label_OtherFinanceIncome" xlink:title="Label : OtherFinanceIncome to label_OtherFinanceIncome" />
    <link:label xlink:type="resource" xlink:label="label_OtherFinanceIncome_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherFinanceIncome_1" xml:lang="en-US" id="label_OtherFinanceIncome_1">Other finance income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherFinanceIncome" xlink:to="label_OtherFinanceIncome_1" xlink:title="Label : OtherFinanceIncome to label_OtherFinanceIncome_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_UpdateOfProvisionsAndOtherIncome" xlink:label="UpdateOfProvisionsAndOtherIncome" xlink:title="UpdateOfProvisionsAndOtherIncome" />
    <link:label xlink:type="resource" xlink:label="label_UpdateOfProvisionsAndOtherIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UpdateOfProvisionsAndOtherIncome" xml:lang="en-US" id="label_UpdateOfProvisionsAndOtherIncome">The amount of update of provisions and other income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UpdateOfProvisionsAndOtherIncome" xlink:to="label_UpdateOfProvisionsAndOtherIncome" xlink:title="Label : UpdateOfProvisionsAndOtherIncome to label_UpdateOfProvisionsAndOtherIncome" />
    <link:label xlink:type="resource" xlink:label="label_UpdateOfProvisionsAndOtherIncome_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UpdateOfProvisionsAndOtherIncome_1" xml:lang="en-US" id="label_UpdateOfProvisionsAndOtherIncome_1">Update of Provisions and Other Income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UpdateOfProvisionsAndOtherIncome" xlink:to="label_UpdateOfProvisionsAndOtherIncome_1" xlink:title="Label : UpdateOfProvisionsAndOtherIncome to label_UpdateOfProvisionsAndOtherIncome_1" />
    <link:label xlink:type="resource" xlink:label="label_UpdateOfProvisionsAndOtherIncome_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UpdateOfProvisionsAndOtherIncome_2" xml:lang="en-US" id="label_UpdateOfProvisionsAndOtherIncome_2">Update of provisions and other income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UpdateOfProvisionsAndOtherIncome" xlink:to="label_UpdateOfProvisionsAndOtherIncome_2" xlink:title="Label : UpdateOfProvisionsAndOtherIncome to label_UpdateOfProvisionsAndOtherIncome_2" />
    <link:label xlink:type="resource" xlink:label="label_SelicInterestOnPISAndCOFINSCredits_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SelicInterestOnPISAndCOFINSCredits_1" xml:lang="en-US" id="label_SelicInterestOnPISAndCOFINSCredits_1">Selic interest on PIS/COFINS credits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SelicInterestOnPISAndCOFINSCredits" xlink:to="label_SelicInterestOnPISAndCOFINSCredits_1" xlink:title="Label : SelicInterestOnPISAndCOFINSCredits to label_SelicInterestOnPISAndCOFINSCredits_1" />
    <link:label xlink:type="resource" xlink:label="label_SelicInterestOnPISAndCOFINSCredits_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SelicInterestOnPISAndCOFINSCredits_2" xml:lang="en-US" id="label_SelicInterestOnPISAndCOFINSCredits_2">Selic Interest on P I S and C O F I N S Credits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SelicInterestOnPISAndCOFINSCredits" xlink:to="label_SelicInterestOnPISAndCOFINSCredits_2" xlink:title="Label : SelicInterestOnPISAndCOFINSCredits to label_SelicInterestOnPISAndCOFINSCredits_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ChangesInSubscriptionWarrantsIncome" xlink:label="ChangesInSubscriptionWarrantsIncome" xlink:title="ChangesInSubscriptionWarrantsIncome" />
    <link:label xlink:type="resource" xlink:label="label_ChangesInSubscriptionWarrantsIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChangesInSubscriptionWarrantsIncome" xml:lang="en-US" id="label_ChangesInSubscriptionWarrantsIncome">Changes In Subscription Warrants Income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangesInSubscriptionWarrantsIncome" xlink:to="label_ChangesInSubscriptionWarrantsIncome" xlink:title="Label : ChangesInSubscriptionWarrantsIncome to label_ChangesInSubscriptionWarrantsIncome" />
    <link:label xlink:type="resource" xlink:label="label_ChangesInSubscriptionWarrantsIncome_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ChangesInSubscriptionWarrantsIncome_1" xml:lang="en-US" id="label_ChangesInSubscriptionWarrantsIncome_1">Update of subscription warrants (see Note 19)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangesInSubscriptionWarrantsIncome" xlink:to="label_ChangesInSubscriptionWarrantsIncome_1" xlink:title="Label : ChangesInSubscriptionWarrantsIncome to label_ChangesInSubscriptionWarrantsIncome_1" />
    <link:label xlink:type="resource" xlink:label="label_ChangesInSubscriptionWarrantsIncome_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ChangesInSubscriptionWarrantsIncome_2" xml:lang="en-US" id="label_ChangesInSubscriptionWarrantsIncome_2">The amount of interest income on changes in subscription warrants.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangesInSubscriptionWarrantsIncome" xlink:to="label_ChangesInSubscriptionWarrantsIncome_2" xlink:title="Label : ChangesInSubscriptionWarrantsIncome to label_ChangesInSubscriptionWarrantsIncome_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers" xlink:label="InterestIncomeOnLoansAndAdvancesToCustomers" xlink:title="InterestIncomeOnLoansAndAdvancesToCustomers" />
    <link:label xlink:type="resource" xlink:label="label_InterestIncomeOnLoansAndAdvancesToCustomers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestIncomeOnLoansAndAdvancesToCustomers" xml:lang="en-US" id="label_InterestIncomeOnLoansAndAdvancesToCustomers">Interest income on loans and advances to customers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestIncomeOnLoansAndAdvancesToCustomers" xlink:to="label_InterestIncomeOnLoansAndAdvancesToCustomers" xlink:title="Label : InterestIncomeOnLoansAndAdvancesToCustomers to label_InterestIncomeOnLoansAndAdvancesToCustomers" />
    <link:label xlink:type="resource" xlink:label="label_InterestIncomeOnLoansAndAdvancesToCustomers_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestIncomeOnLoansAndAdvancesToCustomers_1" xml:lang="en-US" id="label_InterestIncomeOnLoansAndAdvancesToCustomers_1">Interest from customers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestIncomeOnLoansAndAdvancesToCustomers" xlink:to="label_InterestIncomeOnLoansAndAdvancesToCustomers_1" xlink:title="Label : InterestIncomeOnLoansAndAdvancesToCustomers to label_InterestIncomeOnLoansAndAdvancesToCustomers_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FinancialInvestmentsInterest" xlink:label="FinancialInvestmentsInterest" xlink:title="FinancialInvestmentsInterest" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialInvestmentsInterest" xml:lang="en-US" id="label_FinancialInvestmentsInterest">Financial investments interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsInterest" xlink:to="label_FinancialInvestmentsInterest" xlink:title="Label : FinancialInvestmentsInterest to label_FinancialInvestmentsInterest" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsInterest_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinancialInvestmentsInterest_1" xml:lang="en-US" id="label_FinancialInvestmentsInterest_1">Interest on financial investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsInterest" xlink:to="label_FinancialInvestmentsInterest_1" xlink:title="Label : FinancialInvestmentsInterest to label_FinancialInvestmentsInterest_1" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsInterest_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FinancialInvestmentsInterest_2" xml:lang="en-US" id="label_FinancialInvestmentsInterest_2">The amount of interest income on financial investments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsInterest" xlink:to="label_FinancialInvestmentsInterest_2" xlink:title="Label : FinancialInvestmentsInterest to label_FinancialInvestmentsInterest_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherExpenseByFunction" xlink:label="OtherExpenseByFunction" xlink:title="OtherExpenseByFunction" />
    <link:label xlink:type="resource" xlink:label="label_OtherExpenseByFunction" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:title="label_OtherExpenseByFunction" xml:lang="en-US" id="label_OtherExpenseByFunction">Total other operating expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherExpenseByFunction" xlink:to="label_OtherExpenseByFunction" xlink:title="Label : OtherExpenseByFunction to label_OtherExpenseByFunction" />
    <link:label xlink:type="resource" xlink:label="label_OtherExpenseByFunction_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherExpenseByFunction_1" xml:lang="en-US" id="label_OtherExpenseByFunction_1">Other expense, by function</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherExpenseByFunction" xlink:to="label_OtherExpenseByFunction_1" xlink:title="Label : OtherExpenseByFunction to label_OtherExpenseByFunction_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherExpenseByFunction_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_OtherExpenseByFunction_2" xml:lang="en-US" id="label_OtherExpenseByFunction_2">Other operating expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherExpenseByFunction" xlink:to="label_OtherExpenseByFunction_2" xlink:title="Label : OtherExpenseByFunction to label_OtherExpenseByFunction_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_MiscellaneousOtherOperatingExpense" xlink:label="MiscellaneousOtherOperatingExpense" xlink:title="MiscellaneousOtherOperatingExpense" />
    <link:label xlink:type="resource" xlink:label="label_MiscellaneousOtherOperatingExpense" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_MiscellaneousOtherOperatingExpense" xml:lang="en-US" id="label_MiscellaneousOtherOperatingExpense">Others</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MiscellaneousOtherOperatingExpense" xlink:to="label_MiscellaneousOtherOperatingExpense" xlink:title="Label : MiscellaneousOtherOperatingExpense to label_MiscellaneousOtherOperatingExpense" />
    <link:label xlink:type="resource" xlink:label="label_MiscellaneousOtherOperatingExpense_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MiscellaneousOtherOperatingExpense_1" xml:lang="en-US" id="label_MiscellaneousOtherOperatingExpense_1">Miscellaneous other operating expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MiscellaneousOtherOperatingExpense" xlink:to="label_MiscellaneousOtherOperatingExpense_1" xlink:title="Label : MiscellaneousOtherOperatingExpense to label_MiscellaneousOtherOperatingExpense_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ExpensesFromFinesForTaxInfractions" xlink:label="ExpensesFromFinesForTaxInfractions" xlink:title="ExpensesFromFinesForTaxInfractions" />
    <link:label xlink:type="resource" xlink:label="label_ExpensesFromFinesForTaxInfractions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ExpensesFromFinesForTaxInfractions" xml:lang="en-US" id="label_ExpensesFromFinesForTaxInfractions">The amount of operating expense arising from fines for tax infractions.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpensesFromFinesForTaxInfractions" xlink:to="label_ExpensesFromFinesForTaxInfractions" xlink:title="Label : ExpensesFromFinesForTaxInfractions to label_ExpensesFromFinesForTaxInfractions" />
    <link:label xlink:type="resource" xlink:label="label_ExpensesFromFinesForTaxInfractions_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ExpensesFromFinesForTaxInfractions_1" xml:lang="en-US" id="label_ExpensesFromFinesForTaxInfractions_1">Fines for tax infractions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpensesFromFinesForTaxInfractions" xlink:to="label_ExpensesFromFinesForTaxInfractions_1" xlink:title="Label : ExpensesFromFinesForTaxInfractions to label_ExpensesFromFinesForTaxInfractions_1" />
    <link:label xlink:type="resource" xlink:label="label_ExpensesFromFinesForTaxInfractions_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExpensesFromFinesForTaxInfractions_2" xml:lang="en-US" id="label_ExpensesFromFinesForTaxInfractions_2">Expenses from Fines For Tax Infractions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpensesFromFinesForTaxInfractions" xlink:to="label_ExpensesFromFinesForTaxInfractions_2" xlink:title="Label : ExpensesFromFinesForTaxInfractions to label_ExpensesFromFinesForTaxInfractions_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TaxExpensesOnOtherOperatingIncome" xlink:label="TaxExpensesOnOtherOperatingIncome" xlink:title="TaxExpensesOnOtherOperatingIncome" />
    <link:label xlink:type="resource" xlink:label="label_TaxExpensesOnOtherOperatingIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TaxExpensesOnOtherOperatingIncome" xml:lang="en-US" id="label_TaxExpensesOnOtherOperatingIncome">The amount of tax expenses on other operating income.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxExpensesOnOtherOperatingIncome" xlink:to="label_TaxExpensesOnOtherOperatingIncome" xlink:title="Label : TaxExpensesOnOtherOperatingIncome to label_TaxExpensesOnOtherOperatingIncome" />
    <link:label xlink:type="resource" xlink:label="label_TaxExpensesOnOtherOperatingIncome_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_TaxExpensesOnOtherOperatingIncome_1" xml:lang="en-US" id="label_TaxExpensesOnOtherOperatingIncome_1">Taxes on other operating income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxExpensesOnOtherOperatingIncome" xlink:to="label_TaxExpensesOnOtherOperatingIncome_1" xlink:title="Label : TaxExpensesOnOtherOperatingIncome to label_TaxExpensesOnOtherOperatingIncome_1" />
    <link:label xlink:type="resource" xlink:label="label_TaxExpensesOnOtherOperatingIncome_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaxExpensesOnOtherOperatingIncome_2" xml:lang="en-US" id="label_TaxExpensesOnOtherOperatingIncome_2">Tax Expenses On Other Operating Income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxExpensesOnOtherOperatingIncome" xlink:to="label_TaxExpensesOnOtherOperatingIncome_2" xlink:title="Label : TaxExpensesOnOtherOperatingIncome to label_TaxExpensesOnOtherOperatingIncome_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RentalExpense" xlink:label="RentalExpense" xlink:title="RentalExpense" />
    <link:label xlink:type="resource" xlink:label="label_RentalExpense" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_RentalExpense" xml:lang="en-US" id="label_RentalExpense">Property rental</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RentalExpense" xlink:to="label_RentalExpense" xlink:title="Label : RentalExpense to label_RentalExpense" />
    <link:label xlink:type="resource" xlink:label="label_RentalExpense_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RentalExpense_1" xml:lang="en-US" id="label_RentalExpense_1">Rental expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RentalExpense" xlink:to="label_RentalExpense_1" xlink:title="Label : RentalExpense to label_RentalExpense_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OtherOperatingExpenseAbstract" xlink:label="OtherOperatingExpenseAbstract" xlink:title="OtherOperatingExpenseAbstract" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherOperatingExpenseAbstract" xml:lang="en-US" id="label_OtherOperatingExpenseAbstract">Other operating expenses, net:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingExpenseAbstract" xlink:to="label_OtherOperatingExpenseAbstract" xlink:title="Label : OtherOperatingExpenseAbstract to label_OtherOperatingExpenseAbstract" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingExpenseAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherOperatingExpenseAbstract_1" xml:lang="en-US" id="label_OtherOperatingExpenseAbstract_1">Other Operating Expense [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingExpenseAbstract" xlink:to="label_OtherOperatingExpenseAbstract_1" xlink:title="Label : OtherOperatingExpenseAbstract to label_OtherOperatingExpenseAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherIncome" xlink:label="OtherIncome" xlink:title="OtherIncome" />
    <link:label xlink:type="resource" xlink:label="label_OtherIncome" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OtherIncome" xml:lang="en-US" id="label_OtherIncome">Other operating income, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherIncome" xlink:to="label_OtherIncome" xlink:title="Label : OtherIncome to label_OtherIncome" />
    <link:label xlink:type="resource" xlink:label="label_OtherIncome_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherIncome_1" xml:lang="en-US" id="label_OtherIncome_1">Other operating income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherIncome" xlink:to="label_OtherIncome_1" xlink:title="Label : OtherIncome to label_OtherIncome_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherIncome_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherIncome_2" xml:lang="en-US" id="label_OtherIncome_2">Other income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherIncome" xlink:to="label_OtherIncome_2" xlink:title="Label : OtherIncome to label_OtherIncome_2" />
    <link:label xlink:type="resource" xlink:label="label_OtherIncome_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_OtherIncome_3" xml:lang="en-US" id="label_OtherIncome_3">Total other operating income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherIncome" xlink:to="label_OtherIncome_3" xlink:title="Label : OtherIncome to label_OtherIncome_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_MiscellaneousOtherOperatingIncome" xlink:label="MiscellaneousOtherOperatingIncome" xlink:title="MiscellaneousOtherOperatingIncome" />
    <link:label xlink:type="resource" xlink:label="label_MiscellaneousOtherOperatingIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MiscellaneousOtherOperatingIncome" xml:lang="en-US" id="label_MiscellaneousOtherOperatingIncome">Others</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MiscellaneousOtherOperatingIncome" xlink:to="label_MiscellaneousOtherOperatingIncome" xlink:title="Label : MiscellaneousOtherOperatingIncome to label_MiscellaneousOtherOperatingIncome" />
    <link:label xlink:type="resource" xlink:label="label_MiscellaneousOtherOperatingIncome_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MiscellaneousOtherOperatingIncome_1" xml:lang="en-US" id="label_MiscellaneousOtherOperatingIncome_1">Miscellaneous other operating income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MiscellaneousOtherOperatingIncome" xlink:to="label_MiscellaneousOtherOperatingIncome_1" xlink:title="Label : MiscellaneousOtherOperatingIncome to label_MiscellaneousOtherOperatingIncome_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ContractualFineAndGasVoucherIncome" xlink:label="ContractualFineAndGasVoucherIncome" xlink:title="ContractualFineAndGasVoucherIncome" />
    <link:label xlink:type="resource" xlink:label="label_ContractualFineAndGasVoucherIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContractualFineAndGasVoucherIncome" xml:lang="en-US" id="label_ContractualFineAndGasVoucherIncome">Contractual fine and gas voucher</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContractualFineAndGasVoucherIncome" xlink:to="label_ContractualFineAndGasVoucherIncome" xlink:title="Label : ContractualFineAndGasVoucherIncome to label_ContractualFineAndGasVoucherIncome" />
    <link:label xlink:type="resource" xlink:label="label_ContractualFineAndGasVoucherIncome_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContractualFineAndGasVoucherIncome_1" xml:lang="en-US" id="label_ContractualFineAndGasVoucherIncome_1">Contractual Fine And Gas Voucher Income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContractualFineAndGasVoucherIncome" xlink:to="label_ContractualFineAndGasVoucherIncome_1" xlink:title="Label : ContractualFineAndGasVoucherIncome to label_ContractualFineAndGasVoucherIncome_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_RevenueFromMiscellaneousServices" xlink:label="RevenueFromMiscellaneousServices" xlink:title="RevenueFromMiscellaneousServices" />
    <link:label xlink:type="resource" xlink:label="label_RevenueFromMiscellaneousServices" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RevenueFromMiscellaneousServices" xml:lang="en-US" id="label_RevenueFromMiscellaneousServices">The amount of operating revenue arising from miscellaneous services.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueFromMiscellaneousServices" xlink:to="label_RevenueFromMiscellaneousServices" xlink:title="Label : RevenueFromMiscellaneousServices to label_RevenueFromMiscellaneousServices" />
    <link:label xlink:type="resource" xlink:label="label_RevenueFromMiscellaneousServices_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RevenueFromMiscellaneousServices_1" xml:lang="en-US" id="label_RevenueFromMiscellaneousServices_1">Revenue from miscellaneous services (administrative, commercial and IT services)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueFromMiscellaneousServices" xlink:to="label_RevenueFromMiscellaneousServices_1" xlink:title="Label : RevenueFromMiscellaneousServices to label_RevenueFromMiscellaneousServices_1" />
    <link:label xlink:type="resource" xlink:label="label_RevenueFromMiscellaneousServices_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevenueFromMiscellaneousServices_2" xml:lang="en-US" id="label_RevenueFromMiscellaneousServices_2">Revenue From Miscellaneous Services</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueFromMiscellaneousServices" xlink:to="label_RevenueFromMiscellaneousServices_2" xlink:title="Label : RevenueFromMiscellaneousServices to label_RevenueFromMiscellaneousServices_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RentalIncome" xlink:label="RentalIncome" xlink:title="RentalIncome" />
    <link:label xlink:type="resource" xlink:label="label_RentalIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RentalIncome" xml:lang="en-US" id="label_RentalIncome">Property rental</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RentalIncome" xlink:to="label_RentalIncome" xlink:title="Label : RentalIncome to label_RentalIncome" />
    <link:label xlink:type="resource" xlink:label="label_RentalIncome_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RentalIncome_1" xml:lang="en-US" id="label_RentalIncome_1">Rental income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RentalIncome" xlink:to="label_RentalIncome_1" xlink:title="Label : RentalIncome to label_RentalIncome_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ExtraordinaryTaxCreditsIncome" xlink:label="ExtraordinaryTaxCreditsIncome" xlink:title="ExtraordinaryTaxCreditsIncome" />
    <link:label xlink:type="resource" xlink:label="label_ExtraordinaryTaxCreditsIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ExtraordinaryTaxCreditsIncome" xml:lang="en-US" id="label_ExtraordinaryTaxCreditsIncome">The amount of operating income arising from extraordinary tax credits.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtraordinaryTaxCreditsIncome" xlink:to="label_ExtraordinaryTaxCreditsIncome" xlink:title="Label : ExtraordinaryTaxCreditsIncome to label_ExtraordinaryTaxCreditsIncome" />
    <link:label xlink:type="resource" xlink:label="label_ExtraordinaryTaxCreditsIncome_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExtraordinaryTaxCreditsIncome_1" xml:lang="en-US" id="label_ExtraordinaryTaxCreditsIncome_1">Extraordinary tax credits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtraordinaryTaxCreditsIncome" xlink:to="label_ExtraordinaryTaxCreditsIncome_1" xlink:title="Label : ExtraordinaryTaxCreditsIncome to label_ExtraordinaryTaxCreditsIncome_1" />
    <link:label xlink:type="resource" xlink:label="label_ExtraordinaryTaxCreditsIncome_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExtraordinaryTaxCreditsIncome_2" xml:lang="en-US" id="label_ExtraordinaryTaxCreditsIncome_2">Extraordinary Tax Credits Income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtraordinaryTaxCreditsIncome" xlink:to="label_ExtraordinaryTaxCreditsIncome_2" xlink:title="Label : ExtraordinaryTaxCreditsIncome to label_ExtraordinaryTaxCreditsIncome_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MerchandisingIncome" xlink:label="MerchandisingIncome" xlink:title="MerchandisingIncome" />
    <link:label xlink:type="resource" xlink:label="label_MerchandisingIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MerchandisingIncome" xml:lang="en-US" id="label_MerchandisingIncome">The amount of operating income arising from merchandising activities of the reporting entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MerchandisingIncome" xlink:to="label_MerchandisingIncome" xlink:title="Label : MerchandisingIncome to label_MerchandisingIncome" />
    <link:label xlink:type="resource" xlink:label="label_MerchandisingIncome_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MerchandisingIncome_1" xml:lang="en-US" id="label_MerchandisingIncome_1">Merchandising</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MerchandisingIncome" xlink:to="label_MerchandisingIncome_1" xlink:title="Label : MerchandisingIncome to label_MerchandisingIncome_1" />
    <link:label xlink:type="resource" xlink:label="label_MerchandisingIncome_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MerchandisingIncome_2" xml:lang="en-US" id="label_MerchandisingIncome_2">Merchandising Income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MerchandisingIncome" xlink:to="label_MerchandisingIncome_2" xlink:title="Label : MerchandisingIncome to label_MerchandisingIncome_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CommercialPartnershipsIncome" xlink:label="CommercialPartnershipsIncome" xlink:title="CommercialPartnershipsIncome" />
    <link:label xlink:type="resource" xlink:label="label_CommercialPartnershipsIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CommercialPartnershipsIncome" xml:lang="en-US" id="label_CommercialPartnershipsIncome">The amount of operating income arising from commercial partnerships activities of the reporting entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommercialPartnershipsIncome" xlink:to="label_CommercialPartnershipsIncome" xlink:title="Label : CommercialPartnershipsIncome to label_CommercialPartnershipsIncome" />
    <link:label xlink:type="resource" xlink:label="label_CommercialPartnershipsIncome_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CommercialPartnershipsIncome_1" xml:lang="en-US" id="label_CommercialPartnershipsIncome_1">Commercial partnerships</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommercialPartnershipsIncome" xlink:to="label_CommercialPartnershipsIncome_1" xlink:title="Label : CommercialPartnershipsIncome to label_CommercialPartnershipsIncome_1" />
    <link:label xlink:type="resource" xlink:label="label_CommercialPartnershipsIncome_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommercialPartnershipsIncome_2" xml:lang="en-US" id="label_CommercialPartnershipsIncome_2">Commercial Partnerships Income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommercialPartnershipsIncome" xlink:to="label_CommercialPartnershipsIncome_2" xlink:title="Label : CommercialPartnershipsIncome to label_CommercialPartnershipsIncome_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OtherOperatingIncomeAbstract" xlink:label="OtherOperatingIncomeAbstract" xlink:title="OtherOperatingIncomeAbstract" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherOperatingIncomeAbstract" xml:lang="en-US" id="label_OtherOperatingIncomeAbstract">Other operating income, net:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingIncomeAbstract" xlink:to="label_OtherOperatingIncomeAbstract" xlink:title="Label : OtherOperatingIncomeAbstract to label_OtherOperatingIncomeAbstract" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingIncomeAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherOperatingIncomeAbstract_1" xml:lang="en-US" id="label_OtherOperatingIncomeAbstract_1">Other Operating Income [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingIncomeAbstract" xlink:to="label_OtherOperatingIncomeAbstract_1" xlink:title="Label : OtherOperatingIncomeAbstract to label_OtherOperatingIncomeAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_GainOnInsuranceClaim" xlink:label="GainOnInsuranceClaim" xlink:title="GainOnInsuranceClaim" />
    <link:label xlink:type="resource" xlink:label="label_GainOnInsuranceClaim" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainOnInsuranceClaim" xml:lang="en-US" id="label_GainOnInsuranceClaim">Gains from receipt of asset insurance claims</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainOnInsuranceClaim" xlink:to="label_GainOnInsuranceClaim" xlink:title="Label : GainOnInsuranceClaim to label_GainOnInsuranceClaim" />
    <link:label xlink:type="resource" xlink:label="label_GainOnInsuranceClaim_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainOnInsuranceClaim_1" xml:lang="en-US" id="label_GainOnInsuranceClaim_1">Gain On Insurance Claim</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainOnInsuranceClaim" xlink:to="label_GainOnInsuranceClaim_1" xlink:title="Label : GainOnInsuranceClaim to label_GainOnInsuranceClaim_1" />
    <link:label xlink:type="resource" xlink:label="label_GainOnInsuranceClaim_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GainOnInsuranceClaim_2" xml:lang="en-US" id="label_GainOnInsuranceClaim_2">The amount of gain recorded on receipt of insurance claims.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainOnInsuranceClaim" xlink:to="label_GainOnInsuranceClaim_2" xlink:title="Label : GainOnInsuranceClaim to label_GainOnInsuranceClaim_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ClassifiedByFunctionAbstract" xlink:label="ClassifiedByFunctionAbstract" xlink:title="ClassifiedByFunctionAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ClassifiedByFunctionAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ClassifiedByFunctionAbstract" xml:lang="en-US" id="label_ClassifiedByFunctionAbstract">Classified as:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassifiedByFunctionAbstract" xlink:to="label_ClassifiedByFunctionAbstract" xlink:title="Label : ClassifiedByFunctionAbstract to label_ClassifiedByFunctionAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ClassifiedByFunctionAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassifiedByFunctionAbstract_1" xml:lang="en-US" id="label_ClassifiedByFunctionAbstract_1">Classified By Function [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassifiedByFunctionAbstract" xlink:to="label_ClassifiedByFunctionAbstract_1" xlink:title="Label : ClassifiedByFunctionAbstract to label_ClassifiedByFunctionAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:label="ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:title="ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xml:lang="en-US" id="label_ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities">Cash provided by disposal of investments and property, plant and equipment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="label_ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:title="Label : ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities to label_ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities_1" xml:lang="en-US" id="label_ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities_1">The cash inflow from disposal of investments and property, plant and equipment, classified as investing activities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="label_ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities_1" xlink:title="Label : ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities to label_ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities_1" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities_2" xml:lang="en-US" id="label_ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities_2">Proceeds from disposal of investments and property, plant and equipment, classified as investing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="label_ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities_2" xlink:title="Label : ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities to label_ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ExpenseByNature" xlink:label="ExpenseByNature" xlink:title="ExpenseByNature" />
    <link:label xlink:type="resource" xlink:label="label_ExpenseByNature" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_ExpenseByNature" xml:lang="en-US" id="label_ExpenseByNature">Total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpenseByNature" xlink:to="label_ExpenseByNature" xlink:title="Label : ExpenseByNature to label_ExpenseByNature" />
    <link:label xlink:type="resource" xlink:label="label_ExpenseByNature_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExpenseByNature_1" xml:lang="en-US" id="label_ExpenseByNature_1">Total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpenseByNature" xlink:to="label_ExpenseByNature_1" xlink:title="Label : ExpenseByNature to label_ExpenseByNature_1" />
    <link:label xlink:type="resource" xlink:label="label_ExpenseByNature_2" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:title="label_ExpenseByNature_2" xml:lang="en-US" id="label_ExpenseByNature_2">Total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpenseByNature" xlink:to="label_ExpenseByNature_2" xlink:title="Label : ExpenseByNature to label_ExpenseByNature_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:label="CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:title="CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xml:lang="en-US" id="label_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities">Total</link:label>
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForIncreaseDecreaseInAcquisitionOfDecarbonizationCredits" xlink:label="AdjustmentsForIncreaseDecreaseInAcquisitionOfDecarbonizationCredits" xlink:title="AdjustmentsForIncreaseDecreaseInAcquisitionOfDecarbonizationCredits" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForIncreaseDecreaseInAcquisitionOfDecarbonizationCredits" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustmentsForIncreaseDecreaseInAcquisitionOfDecarbonizationCredits" xml:lang="en-US" id="label_AdjustmentsForIncreaseDecreaseInAcquisitionOfDecarbonizationCredits">Adjustments for increase (decrease) in non-current liabilities from acquisition of decarbonization credits ("CBIO") to reconcile profit (loss) to net cash flow from (used in) operating activities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForIncreaseDecreaseInAcquisitionOfDecarbonizationCredits" xlink:to="label_AdjustmentsForIncreaseDecreaseInAcquisitionOfDecarbonizationCredits" xlink:title="Label : AdjustmentsForIncreaseDecreaseInAcquisitionOfDecarbonizationCredits to label_AdjustmentsForIncreaseDecreaseInAcquisitionOfDecarbonizationCredits" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForIncreaseDecreaseInTaxesPayable" xlink:label="AdjustmentsForIncreaseDecreaseInTaxesPayable" xlink:title="AdjustmentsForIncreaseDecreaseInTaxesPayable" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForIncreaseDecreaseInTaxesPayable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustmentsForIncreaseDecreaseInTaxesPayable" xml:lang="en-US" id="label_AdjustmentsForIncreaseDecreaseInTaxesPayable">Adjustments for increase (decrease) in taxes payable to reconcile profit (loss) to net cash flow from (used in) operating activities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForIncreaseDecreaseInTaxesPayable" xlink:to="label_AdjustmentsForIncreaseDecreaseInTaxesPayable" xlink:title="Label : AdjustmentsForIncreaseDecreaseInTaxesPayable to label_AdjustmentsForIncreaseDecreaseInTaxesPayable" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges" xlink:label="AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges" xlink:title="AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges" xml:lang="en-US" id="label_AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges">Adjustments for increase (decrease) in salaries and related charges to reconcile profit (loss) to net cash flow from (used in) operating activities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges" xlink:to="label_AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges" xlink:title="Label : AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges to label_AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForDecreaseIncreaseInRecoverableTaxes" xlink:label="AdjustmentsForDecreaseIncreaseInRecoverableTaxes" xlink:title="AdjustmentsForDecreaseIncreaseInRecoverableTaxes" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForDecreaseIncreaseInRecoverableTaxes" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustmentsForDecreaseIncreaseInRecoverableTaxes" xml:lang="en-US" id="label_AdjustmentsForDecreaseIncreaseInRecoverableTaxes">Adjustments for decrease (Increase) in recoverable taxes to reconcile profit (loss) to net cash flow from (used in) operating activities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForDecreaseIncreaseInRecoverableTaxes" xlink:to="label_AdjustmentsForDecreaseIncreaseInRecoverableTaxes" xlink:title="Label : AdjustmentsForDecreaseIncreaseInRecoverableTaxes to label_AdjustmentsForDecreaseIncreaseInRecoverableTaxes" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable" xlink:label="AdjustmentsForDecreaseIncreaseInTradeAccountReceivable" xlink:title="AdjustmentsForDecreaseIncreaseInTradeAccountReceivable" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable" xml:lang="en-US" id="label_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable">Adjustments for decrease (increase) in trade accounts receivable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForDecreaseIncreaseInTradeAccountReceivable" xlink:to="label_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable" xlink:title="Label : AdjustmentsForDecreaseIncreaseInTradeAccountReceivable to label_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable_1" xml:lang="en-US" id="label_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable_1">Trade receivables and reseller financing</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForDecreaseIncreaseInTradeAccountReceivable" xlink:to="label_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable_1" xlink:title="Label : AdjustmentsForDecreaseIncreaseInTradeAccountReceivable to label_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:label="CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:title="CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xml:lang="en-US" id="label_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital">Cash flows from (used in) operations before changes in working capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:to="label_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:title="Label : CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital to label_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_1" xml:lang="en-US" id="label_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_1">Cash flows from operations before changes in working capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:to="label_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_1" xlink:title="Label : CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital to label_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForOtherProvisionsAndAdjustments" xlink:label="AdjustmentsForOtherProvisionsAndAdjustments" xlink:title="AdjustmentsForOtherProvisionsAndAdjustments" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForOtherProvisionsAndAdjustments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustmentsForOtherProvisionsAndAdjustments" xml:lang="en-US" id="label_AdjustmentsForOtherProvisionsAndAdjustments">Adjustments for other provisions and adjustments to reconcile profit (loss) to net cash flow from (used in) operating activities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForOtherProvisionsAndAdjustments" xlink:to="label_AdjustmentsForOtherProvisionsAndAdjustments" xlink:title="Label : AdjustmentsForOtherProvisionsAndAdjustments to label_AdjustmentsForOtherProvisionsAndAdjustments" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ExtemporaneousTaxCredits" xlink:label="ExtemporaneousTaxCredits" xlink:title="ExtemporaneousTaxCredits" />
    <link:label xlink:type="resource" xlink:label="label_ExtemporaneousTaxCredits" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ExtemporaneousTaxCredits" xml:lang="en-US" id="label_ExtemporaneousTaxCredits">Extemporaneous tax credits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtemporaneousTaxCredits" xlink:to="label_ExtemporaneousTaxCredits" xlink:title="Label : ExtemporaneousTaxCredits to label_ExtemporaneousTaxCredits" />
    <link:label xlink:type="resource" xlink:label="label_ExtemporaneousTaxCredits_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExtemporaneousTaxCredits_1" xml:lang="en-US" id="label_ExtemporaneousTaxCredits_1">Extemporaneous Tax Credits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtemporaneousTaxCredits" xlink:to="label_ExtemporaneousTaxCredits_1" xlink:title="Label : ExtemporaneousTaxCredits to label_ExtemporaneousTaxCredits_1" />
    <link:label xlink:type="resource" xlink:label="label_ExtemporaneousTaxCredits_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExtemporaneousTaxCredits_2" xml:lang="en-US" id="label_ExtemporaneousTaxCredits_2">Extemporaneous tax credits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtemporaneousTaxCredits" xlink:to="label_ExtemporaneousTaxCredits_2" xlink:title="Label : ExtemporaneousTaxCredits to label_ExtemporaneousTaxCredits_2" />
    <link:label xlink:type="resource" xlink:label="label_ExtemporaneousTaxCredits_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ExtemporaneousTaxCredits_3" xml:lang="en-US" id="label_ExtemporaneousTaxCredits_3">The amount of extemporaneous tax credits.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtemporaneousTaxCredits" xlink:to="label_ExtemporaneousTaxCredits_3" xlink:title="Label : ExtemporaneousTaxCredits to label_ExtemporaneousTaxCredits_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdvertisingAndMarketingExpense" xlink:label="AdvertisingAndMarketingExpense" xlink:title="AdvertisingAndMarketingExpense" />
    <link:label xlink:type="resource" xlink:label="label_AdvertisingAndMarketingExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdvertisingAndMarketingExpense" xml:lang="en-US" id="label_AdvertisingAndMarketingExpense">Advertising and marketing expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdvertisingAndMarketingExpense" xlink:to="label_AdvertisingAndMarketingExpense" xlink:title="Label : AdvertisingAndMarketingExpense to label_AdvertisingAndMarketingExpense" />
    <link:label xlink:type="resource" xlink:label="label_AdvertisingAndMarketingExpense_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AdvertisingAndMarketingExpense_1" xml:lang="en-US" id="label_AdvertisingAndMarketingExpense_1">Advertising and marketing</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdvertisingAndMarketingExpense" xlink:to="label_AdvertisingAndMarketingExpense_1" xlink:title="Label : AdvertisingAndMarketingExpense to label_AdvertisingAndMarketingExpense_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:label="AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:title="AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xml:lang="en-US" id="label_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets">Gain (loss) on disposal or write-off of property, plant and equipment, intangible assets and other assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:to="label_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:title="Label : AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets to label_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets_1" xml:lang="en-US" id="label_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets_1">Adjustments for losses (gains) on disposal of non-current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:to="label_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets_1" xlink:title="Label : AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets to label_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForInterestAndForeignExchangeRateVariations" xlink:label="AdjustmentsForInterestAndForeignExchangeRateVariations" xlink:title="AdjustmentsForInterestAndForeignExchangeRateVariations" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForInterestAndForeignExchangeRateVariations" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustmentsForInterestAndForeignExchangeRateVariations" xml:lang="en-US" id="label_AdjustmentsForInterestAndForeignExchangeRateVariations">Adjustments for interest and foreign exchange rate variations to reconcile profit (loss) to net cash flow from (used in) operating activities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForInterestAndForeignExchangeRateVariations" xlink:to="label_AdjustmentsForInterestAndForeignExchangeRateVariations" xlink:title="Label : AdjustmentsForInterestAndForeignExchangeRateVariations to label_AdjustmentsForInterestAndForeignExchangeRateVariations" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForAmortizationOfRightOfUseAssets" xlink:label="AdjustmentsForAmortizationOfRightOfUseAssets" xlink:title="AdjustmentsForAmortizationOfRightOfUseAssets" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForAmortizationOfRightOfUseAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustmentsForAmortizationOfRightOfUseAssets" xml:lang="en-US" id="label_AdjustmentsForAmortizationOfRightOfUseAssets">Adjustments for amortization of rightofuse assets to reconcile profit (loss) to net cash flow from (used in) operating activities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForAmortizationOfRightOfUseAssets" xlink:to="label_AdjustmentsForAmortizationOfRightOfUseAssets" xlink:title="Label : AdjustmentsForAmortizationOfRightOfUseAssets to label_AdjustmentsForAmortizationOfRightOfUseAssets" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" xlink:label="AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" xlink:title="AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" />
    <link:label xlink:type="resource" xlink:label="label_AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" xml:lang="en-US" id="label_AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers">Amortisation, assets recognised from costs incurred to obtain or fulfil contracts with customers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" xlink:to="label_AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" xlink:title="Label : AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers to label_AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" />
    <link:label xlink:type="resource" xlink:label="label_AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers_1" xml:lang="en-US" id="label_AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers_1">Amortization of contractual assets with customers - exclusivity rights</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" xlink:to="label_AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers_1" xlink:title="Label : AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers to label_AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers_1" />
    <link:label xlink:type="resource" xlink:label="label_AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers_2" xml:lang="en-US" id="label_AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers_2">Amortization of contractual assets with customers (see Note 12)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers" xlink:to="label_AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers_2" xlink:title="Label : AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers to label_AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare" xlink:label="AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare" xlink:title="AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare" xml:lang="en-US" id="label_AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare">The amount, per share, of additional dividends to minimum mandatory dividends recognised as distributions to owners during the reporting period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare" xlink:to="label_AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare" xlink:title="Label : AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare to label_AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare" />
    <link:label xlink:type="resource" xlink:label="label_AdvertisingAndMarketingExpense_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdvertisingAndMarketingExpense_2" xml:lang="en-US" id="label_AdvertisingAndMarketingExpense_2">The amount of Advertising and marketing expenses.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdvertisingAndMarketingExpense" xlink:to="label_AdvertisingAndMarketingExpense_2" xlink:title="Label : AdvertisingAndMarketingExpense to label_AdvertisingAndMarketingExpense_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DepreciationAndAmortisationExpense" xlink:label="DepreciationAndAmortisationExpense" xlink:title="DepreciationAndAmortisationExpense" />
    <link:label xlink:type="resource" xlink:label="label_DepreciationAndAmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DepreciationAndAmortisationExpense" xml:lang="en-US" id="label_DepreciationAndAmortisationExpense">Depreciation and amortization for the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationAndAmortisationExpense" xlink:to="label_DepreciationAndAmortisationExpense" xlink:title="Label : DepreciationAndAmortisationExpense to label_DepreciationAndAmortisationExpense" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare_1" xml:lang="en-US" id="label_AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare_1">Additional dividends to minimum mandatory dividends recognised, per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare" xlink:to="label_AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare_1" xlink:title="Label : AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare to label_AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare_1" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare_2" xml:lang="en-US" id="label_AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare_2">Additional dividends to the minimum mandatory dividends, per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare" xlink:to="label_AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare_2" xlink:title="Label : AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare to label_AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare_2" />
    <link:label xlink:type="resource" xlink:label="label_DepreciationAndAmortisationExpense_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DepreciationAndAmortisationExpense_1" xml:lang="en-US" id="label_DepreciationAndAmortisationExpense_1">Depreciation and amortization</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationAndAmortisationExpense" xlink:to="label_DepreciationAndAmortisationExpense_1" xlink:title="Label : DepreciationAndAmortisationExpense to label_DepreciationAndAmortisationExpense_1" />
    <link:label xlink:type="resource" xlink:label="label_DepreciationAndAmortisationExpense_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DepreciationAndAmortisationExpense_2" xml:lang="en-US" id="label_DepreciationAndAmortisationExpense_2">Depreciation and amortisation expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationAndAmortisationExpense" xlink:to="label_DepreciationAndAmortisationExpense_2" xlink:title="Label : DepreciationAndAmortisationExpense to label_DepreciationAndAmortisationExpense_2" />
    <link:label xlink:type="resource" xlink:label="label_DepreciationAndAmortisationExpense_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DepreciationAndAmortisationExpense_3" xml:lang="en-US" id="label_DepreciationAndAmortisationExpense_3">Depreciation and amortization</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationAndAmortisationExpense" xlink:to="label_DepreciationAndAmortisationExpense_3" xlink:title="Label : DepreciationAndAmortisationExpense to label_DepreciationAndAmortisationExpense_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdditionalMinimumMandatoryDividendsRecognisedPerShare" xlink:label="AdditionalMinimumMandatoryDividendsRecognisedPerShare" xlink:title="AdditionalMinimumMandatoryDividendsRecognisedPerShare" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalMinimumMandatoryDividendsRecognisedPerShare" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdditionalMinimumMandatoryDividendsRecognisedPerShare" xml:lang="en-US" id="label_AdditionalMinimumMandatoryDividendsRecognisedPerShare">The amount, per share, of additional minimum mandatory dividends recognised as distributions to owners during the reporting period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalMinimumMandatoryDividendsRecognisedPerShare" xlink:to="label_AdditionalMinimumMandatoryDividendsRecognisedPerShare" xlink:title="Label : AdditionalMinimumMandatoryDividendsRecognisedPerShare to label_AdditionalMinimumMandatoryDividendsRecognisedPerShare" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdditionalDividendsToMinimumMandatoryDividendsRecognised" xlink:label="AdditionalDividendsToMinimumMandatoryDividendsRecognised" xlink:title="AdditionalDividendsToMinimumMandatoryDividendsRecognised" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalDividendsToMinimumMandatoryDividendsRecognised" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdditionalDividendsToMinimumMandatoryDividendsRecognised" xml:lang="en-US" id="label_AdditionalDividendsToMinimumMandatoryDividendsRecognised">The amount of additional dividends to minimum mandatory dividends recognised as distributions to owners during the reporting period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalDividendsToMinimumMandatoryDividendsRecognised" xlink:to="label_AdditionalDividendsToMinimumMandatoryDividendsRecognised" xlink:title="Label : AdditionalDividendsToMinimumMandatoryDividendsRecognised to label_AdditionalDividendsToMinimumMandatoryDividendsRecognised" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve" xlink:label="IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve" xlink:title="IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve" xml:lang="en-US" id="label_IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve">Increase (decrease) through allocation of net income - Investments statutory reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve" xlink:to="label_IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve" xlink:title="Label : IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve to label_IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve_1">The increase (decrease) in equity resulting from allocation of net income - Investments statutory reserve.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve" xlink:to="label_IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve_1" xlink:title="Label : IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve to label_IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests" xlink:label="DividendsRecognisedAsDistributionsToNoncontrollingInterests" xlink:title="DividendsRecognisedAsDistributionsToNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_DividendsRecognisedAsDistributionsToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DividendsRecognisedAsDistributionsToNoncontrollingInterests" xml:lang="en-US" id="label_DividendsRecognisedAsDistributionsToNoncontrollingInterests">Dividends attributable to non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsRecognisedAsDistributionsToNoncontrollingInterests" xlink:to="label_DividendsRecognisedAsDistributionsToNoncontrollingInterests" xlink:title="Label : DividendsRecognisedAsDistributionsToNoncontrollingInterests to label_DividendsRecognisedAsDistributionsToNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_DividendsRecognisedAsDistributionsToNoncontrollingInterests_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsRecognisedAsDistributionsToNoncontrollingInterests_1" xml:lang="en-US" id="label_DividendsRecognisedAsDistributionsToNoncontrollingInterests_1">Dividends recognised as distributions to non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsRecognisedAsDistributionsToNoncontrollingInterests" xlink:to="label_DividendsRecognisedAsDistributionsToNoncontrollingInterests_1" xlink:title="Label : DividendsRecognisedAsDistributionsToNoncontrollingInterests to label_DividendsRecognisedAsDistributionsToNoncontrollingInterests_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests" xlink:label="IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests" xlink:title="IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests" xml:lang="en-US" id="label_IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests">Increase (Decrease) Through Change In Equity Attributable to Non Controlling Interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests" xlink:to="label_IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests" xlink:title="Label : IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests to label_IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests_1">The increase (decrease) in equity resulting from capital increase attributable to non-controlling interests.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests" xlink:to="label_IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests_1" xlink:title="Label : IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests to label_IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests_2">Capital increase attributable to non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests" xlink:to="label_IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests_2" xlink:title="Label : IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests to label_IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests_2" />
    <link:label xlink:type="resource" xlink:label="label_DeferredIncomeAndSocialContributionTaxesProvisionForChangeInFairValueOfSubscriptionWarrants_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DeferredIncomeAndSocialContributionTaxesProvisionForChangeInFairValueOfSubscriptionWarrants_1" xml:lang="en-US" id="label_DeferredIncomeAndSocialContributionTaxesProvisionForChangeInFairValueOfSubscriptionWarrants_1">The amount before allocation of valuation allowances of deferred tax liability attributable to taxable temporary differences from provision for change in fair value of subscription warrants.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredIncomeAndSocialContributionTaxesProvisionForChangeInFairValueOfSubscriptionWarrants" xlink:to="label_DeferredIncomeAndSocialContributionTaxesProvisionForChangeInFairValueOfSubscriptionWarrants_1" xlink:title="Label : DeferredIncomeAndSocialContributionTaxesProvisionForChangeInFairValueOfSubscriptionWarrants to label_DeferredIncomeAndSocialContributionTaxesProvisionForChangeInFairValueOfSubscriptionWarrants_1" />
    <link:label xlink:type="resource" xlink:label="label_DeferredIncomeAndSocialContributionTaxesProvisionForChangeInFairValueOfSubscriptionWarrants_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredIncomeAndSocialContributionTaxesProvisionForChangeInFairValueOfSubscriptionWarrants_2" xml:lang="en-US" id="label_DeferredIncomeAndSocialContributionTaxesProvisionForChangeInFairValueOfSubscriptionWarrants_2">Change in fair value of subscription warrants</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredIncomeAndSocialContributionTaxesProvisionForChangeInFairValueOfSubscriptionWarrants" xlink:to="label_DeferredIncomeAndSocialContributionTaxesProvisionForChangeInFairValueOfSubscriptionWarrants_2" xlink:title="Label : DeferredIncomeAndSocialContributionTaxesProvisionForChangeInFairValueOfSubscriptionWarrants to label_DeferredIncomeAndSocialContributionTaxesProvisionForChangeInFairValueOfSubscriptionWarrants_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:label="IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:title="IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xml:lang="en-US" id="label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl">Gain due to change in ownership interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:to="label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:title="Label : IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl to label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" />
    <link:label xlink:type="resource" xlink:label="label_DepreciationAndAmortisationExpense_4" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_DepreciationAndAmortisationExpense_4" xml:lang="en-US" id="label_DepreciationAndAmortisationExpense_4">Depreciation and amortization for the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationAndAmortisationExpense" xlink:to="label_DepreciationAndAmortisationExpense_4" xlink:title="Label : DepreciationAndAmortisationExpense to label_DepreciationAndAmortisationExpense_4" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ServicesExpense" xlink:label="ServicesExpense" xlink:title="ServicesExpense" />
    <link:label xlink:type="resource" xlink:label="label_ServicesExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ServicesExpense" xml:lang="en-US" id="label_ServicesExpense">Services expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ServicesExpense" xlink:to="label_ServicesExpense" xlink:title="Label : ServicesExpense to label_ServicesExpense" />
    <link:label xlink:type="resource" xlink:label="label_ServicesExpense_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ServicesExpense_1" xml:lang="en-US" id="label_ServicesExpense_1">Services provided by third parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ServicesExpense" xlink:to="label_ServicesExpense_1" xlink:title="Label : ServicesExpense to label_ServicesExpense_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl_1">Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:to="label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl_1" xlink:title="Label : IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl to label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments" xlink:label="IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments" xlink:title="IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments" xml:lang="en-US" id="label_IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments">The increase (decrease) in equity resulting from changes of investments arising from shareholder transaction.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments" xlink:to="label_IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments" xlink:title="Label : IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments to label_IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments_1">Increase (decrease) through shareholder transaction - changes of investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments" xlink:to="label_IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments_1" xlink:title="Label : IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments to label_IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ExpensesFromDecarbonizationObligation" xlink:label="ExpensesFromDecarbonizationObligation" xlink:title="ExpensesFromDecarbonizationObligation" />
    <link:label xlink:type="resource" xlink:label="label_ExpensesFromDecarbonizationObligation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ExpensesFromDecarbonizationObligation" xml:lang="en-US" id="label_ExpensesFromDecarbonizationObligation">The amount of operating expense arising from decarbonization obligation.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpensesFromDecarbonizationObligation" xlink:to="label_ExpensesFromDecarbonizationObligation" xlink:title="Label : ExpensesFromDecarbonizationObligation to label_ExpensesFromDecarbonizationObligation" />
    <link:label xlink:type="resource" xlink:label="label_ExpensesFromDecarbonizationObligation_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ExpensesFromDecarbonizationObligation_1" xml:lang="en-US" id="label_ExpensesFromDecarbonizationObligation_1">Decarbonization obligation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpensesFromDecarbonizationObligation" xlink:to="label_ExpensesFromDecarbonizationObligation_1" xlink:title="Label : ExpensesFromDecarbonizationObligation to label_ExpensesFromDecarbonizationObligation_1" />
    <link:label xlink:type="resource" xlink:label="label_ExpensesFromDecarbonizationObligation_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExpensesFromDecarbonizationObligation_2" xml:lang="en-US" id="label_ExpensesFromDecarbonizationObligation_2">Expenses from Decarbonization Obligation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpensesFromDecarbonizationObligation" xlink:to="label_ExpensesFromDecarbonizationObligation_2" xlink:title="Label : ExpensesFromDecarbonizationObligation to label_ExpensesFromDecarbonizationObligation_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FreightAndStorageExpense" xlink:label="FreightAndStorageExpense" xlink:title="FreightAndStorageExpense" />
    <link:label xlink:type="resource" xlink:label="label_FreightAndStorageExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FreightAndStorageExpense" xml:lang="en-US" id="label_FreightAndStorageExpense">Freight and storage expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FreightAndStorageExpense" xlink:to="label_FreightAndStorageExpense" xlink:title="Label : FreightAndStorageExpense to label_FreightAndStorageExpense" />
    <link:label xlink:type="resource" xlink:label="label_FreightAndStorageExpense_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_FreightAndStorageExpense_1" xml:lang="en-US" id="label_FreightAndStorageExpense_1">Freight and storage</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FreightAndStorageExpense" xlink:to="label_FreightAndStorageExpense_1" xlink:title="Label : FreightAndStorageExpense to label_FreightAndStorageExpense_1" />
    <link:label xlink:type="resource" xlink:label="label_FreightAndStorageExpense_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FreightAndStorageExpense_2" xml:lang="en-US" id="label_FreightAndStorageExpense_2">The amount of Freight and storage expenses.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FreightAndStorageExpense" xlink:to="label_FreightAndStorageExpense_2" xlink:title="Label : FreightAndStorageExpense to label_FreightAndStorageExpense_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders" xlink:label="SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders" xlink:title="SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders" />
    <link:label xlink:type="resource" xlink:label="label_SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders" xml:lang="en-US" id="label_SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders">Represents the special reserve for mandatory dividend not distributed to non-controlling shareholders.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders" xlink:to="label_SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders" xlink:title="Label : SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders to label_SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_EmployeeBenefitsExpense" xlink:label="EmployeeBenefitsExpense" xlink:title="EmployeeBenefitsExpense" />
    <link:label xlink:type="resource" xlink:label="label_EmployeeBenefitsExpense" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_EmployeeBenefitsExpense" xml:lang="en-US" id="label_EmployeeBenefitsExpense">Personnel expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmployeeBenefitsExpense" xlink:to="label_EmployeeBenefitsExpense" xlink:title="Label : EmployeeBenefitsExpense to label_EmployeeBenefitsExpense" />
    <link:label xlink:type="resource" xlink:label="label_EmployeeBenefitsExpense_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_EmployeeBenefitsExpense_1" xml:lang="en-US" id="label_EmployeeBenefitsExpense_1">Expense for the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmployeeBenefitsExpense" xlink:to="label_EmployeeBenefitsExpense_1" xlink:title="Label : EmployeeBenefitsExpense to label_EmployeeBenefitsExpense_1" />
    <link:label xlink:type="resource" xlink:label="label_EmployeeBenefitsExpense_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EmployeeBenefitsExpense_2" xml:lang="en-US" id="label_EmployeeBenefitsExpense_2">Employee benefits expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmployeeBenefitsExpense" xlink:to="label_EmployeeBenefitsExpense_2" xlink:title="Label : EmployeeBenefitsExpense to label_EmployeeBenefitsExpense_2" />
    <link:label xlink:type="resource" xlink:label="label_EmployeeBenefitsExpense_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_EmployeeBenefitsExpense_3" xml:lang="en-US" id="label_EmployeeBenefitsExpense_3">Expense for the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmployeeBenefitsExpense" xlink:to="label_EmployeeBenefitsExpense_3" xlink:title="Label : EmployeeBenefitsExpense to label_EmployeeBenefitsExpense_3" />
    <link:label xlink:type="resource" xlink:label="label_EmployeeBenefitsExpense_4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EmployeeBenefitsExpense_4" xml:lang="en-US" id="label_EmployeeBenefitsExpense_4">Employee benefit expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmployeeBenefitsExpense" xlink:to="label_EmployeeBenefitsExpense_4" xlink:title="Label : EmployeeBenefitsExpense to label_EmployeeBenefitsExpense_4" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RawMaterialsAndConsumablesUsed" xlink:label="RawMaterialsAndConsumablesUsed" xlink:title="RawMaterialsAndConsumablesUsed" />
    <link:label xlink:type="resource" xlink:label="label_RawMaterialsAndConsumablesUsed" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RawMaterialsAndConsumablesUsed" xml:lang="en-US" id="label_RawMaterialsAndConsumablesUsed">Raw materials and consumables used</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RawMaterialsAndConsumablesUsed" xlink:to="label_RawMaterialsAndConsumablesUsed" xlink:title="Label : RawMaterialsAndConsumablesUsed to label_RawMaterialsAndConsumablesUsed" />
    <link:label xlink:type="resource" xlink:label="label_RawMaterialsAndConsumablesUsed_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_RawMaterialsAndConsumablesUsed_1" xml:lang="en-US" id="label_RawMaterialsAndConsumablesUsed_1">Raw materials and materials for use and consumption</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RawMaterialsAndConsumablesUsed" xlink:to="label_RawMaterialsAndConsumablesUsed_1" xlink:title="Label : RawMaterialsAndConsumablesUsed to label_RawMaterialsAndConsumablesUsed_1" />
    <link:label xlink:type="resource" xlink:label="label_ReclassificationToLiabilitiesOfSubsidiariesHeldForSale_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ReclassificationToLiabilitiesOfSubsidiariesHeldForSale_1" xml:lang="en-US" id="label_ReclassificationToLiabilitiesOfSubsidiariesHeldForSale_1">Reclassification to liabilities of subsidiaries held for sale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReclassificationToLiabilitiesOfSubsidiariesHeldForSale" xlink:to="label_ReclassificationToLiabilitiesOfSubsidiariesHeldForSale_1" xlink:title="Label : ReclassificationToLiabilitiesOfSubsidiariesHeldForSale to label_ReclassificationToLiabilitiesOfSubsidiariesHeldForSale_1" />
    <link:label xlink:type="resource" xlink:label="label_ReclassificationToLiabilitiesOfSubsidiariesHeldForSale_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReclassificationToLiabilitiesOfSubsidiariesHeldForSale_2" xml:lang="en-US" id="label_ReclassificationToLiabilitiesOfSubsidiariesHeldForSale_2">Reclassification To Liabilities Of Subsidiaries Held For Sale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReclassificationToLiabilitiesOfSubsidiariesHeldForSale" xlink:to="label_ReclassificationToLiabilitiesOfSubsidiariesHeldForSale_2" xlink:title="Label : ReclassificationToLiabilitiesOfSubsidiariesHeldForSale to label_ReclassificationToLiabilitiesOfSubsidiariesHeldForSale_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DividendsPaidToEquityHolders" xlink:label="DividendsPaidToEquityHolders" xlink:title="DividendsPaidToEquityHolders" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaidToEquityHolders" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DividendsPaidToEquityHolders" xml:lang="en-US" id="label_DividendsPaidToEquityHolders">Payments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidToEquityHolders" xlink:to="label_DividendsPaidToEquityHolders" xlink:title="Label : DividendsPaidToEquityHolders to label_DividendsPaidToEquityHolders" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaidToEquityHolders_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DividendsPaidToEquityHolders_1" xml:lang="en-US" id="label_DividendsPaidToEquityHolders_1">The amount of dividends paid/offset to equity holders during the reporting period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidToEquityHolders" xlink:to="label_DividendsPaidToEquityHolders_1" xlink:title="Label : DividendsPaidToEquityHolders to label_DividendsPaidToEquityHolders_1" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaidToEquityHolders_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPaidToEquityHolders_2" xml:lang="en-US" id="label_DividendsPaidToEquityHolders_2">Dividends paid to equity holders</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidToEquityHolders" xlink:to="label_DividendsPaidToEquityHolders_2" xlink:title="Label : DividendsPaidToEquityHolders to label_DividendsPaidToEquityHolders_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DividendsPaid" xlink:label="DividendsPaid" xlink:title="DividendsPaid" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaid" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_DividendsPaid" xml:lang="en-US" id="label_DividendsPaid">Prescribed dividends</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaid" xlink:to="label_DividendsPaid" xlink:title="Label : DividendsPaid to label_DividendsPaid" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaid_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsPaid_1" xml:lang="en-US" id="label_DividendsPaid_1">Provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaid" xlink:to="label_DividendsPaid_1" xlink:title="Label : DividendsPaid to label_DividendsPaid_1" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaid_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DividendsPaid_2" xml:lang="en-US" id="label_DividendsPaid_2">Approval of additional dividends by the Shareholders' Meeting</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaid" xlink:to="label_DividendsPaid_2" xlink:title="Label : DividendsPaid to label_DividendsPaid_2" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaid_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPaid_3" xml:lang="en-US" id="label_DividendsPaid_3">Dividends recognised as distributions to owners</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaid" xlink:to="label_DividendsPaid_3" xlink:title="Label : DividendsPaid to label_DividendsPaid_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InterestOnCapitalPaidBeforeIncomeTax" xlink:label="InterestOnCapitalPaidBeforeIncomeTax" xlink:title="InterestOnCapitalPaidBeforeIncomeTax" />
    <link:label xlink:type="resource" xlink:label="label_InterestOnCapitalPaidBeforeIncomeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestOnCapitalPaidBeforeIncomeTax" xml:lang="en-US" id="label_InterestOnCapitalPaidBeforeIncomeTax">Interest on capital, before income tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestOnCapitalPaidBeforeIncomeTax" xlink:to="label_InterestOnCapitalPaidBeforeIncomeTax" xlink:title="Label : InterestOnCapitalPaidBeforeIncomeTax to label_InterestOnCapitalPaidBeforeIncomeTax" />
    <link:label xlink:type="resource" xlink:label="label_InterestOnCapitalPaidBeforeIncomeTax_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InterestOnCapitalPaidBeforeIncomeTax_1" xml:lang="en-US" id="label_InterestOnCapitalPaidBeforeIncomeTax_1">The amount of before income tax, of interest on capital paid during the reporting period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestOnCapitalPaidBeforeIncomeTax" xlink:to="label_InterestOnCapitalPaidBeforeIncomeTax_1" xlink:title="Label : InterestOnCapitalPaidBeforeIncomeTax to label_InterestOnCapitalPaidBeforeIncomeTax_1" />
    <link:label xlink:type="resource" xlink:label="label_InterestOnCapitalPaidBeforeIncomeTax_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestOnCapitalPaidBeforeIncomeTax_2" xml:lang="en-US" id="label_InterestOnCapitalPaidBeforeIncomeTax_2">Gross amount of interest on capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestOnCapitalPaidBeforeIncomeTax" xlink:to="label_InterestOnCapitalPaidBeforeIncomeTax_2" xlink:title="Label : InterestOnCapitalPaidBeforeIncomeTax to label_InterestOnCapitalPaidBeforeIncomeTax_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InterestOnCapitalPaidNetOfIncomeTaxPerShare" xlink:label="InterestOnCapitalPaidNetOfIncomeTaxPerShare" xlink:title="InterestOnCapitalPaidNetOfIncomeTaxPerShare" />
    <link:label xlink:type="resource" xlink:label="label_InterestOnCapitalPaidNetOfIncomeTaxPerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestOnCapitalPaidNetOfIncomeTaxPerShare" xml:lang="en-US" id="label_InterestOnCapitalPaidNetOfIncomeTaxPerShare">Interest on capital paid, net of income tax, per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestOnCapitalPaidNetOfIncomeTaxPerShare" xlink:to="label_InterestOnCapitalPaidNetOfIncomeTaxPerShare" xlink:title="Label : InterestOnCapitalPaidNetOfIncomeTaxPerShare to label_InterestOnCapitalPaidNetOfIncomeTaxPerShare" />
    <link:label xlink:type="resource" xlink:label="label_InterestOnCapitalPaidNetOfIncomeTaxPerShare_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InterestOnCapitalPaidNetOfIncomeTaxPerShare_1" xml:lang="en-US" id="label_InterestOnCapitalPaidNetOfIncomeTaxPerShare_1">The amount, per share, of interest on capital paid, net of income tax during the reporting period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestOnCapitalPaidNetOfIncomeTaxPerShare" xlink:to="label_InterestOnCapitalPaidNetOfIncomeTaxPerShare_1" xlink:title="Label : InterestOnCapitalPaidNetOfIncomeTaxPerShare to label_InterestOnCapitalPaidNetOfIncomeTaxPerShare_1" />
    <link:label xlink:type="resource" xlink:label="label_InterestOnCapitalPaidNetOfIncomeTaxPerShare_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestOnCapitalPaidNetOfIncomeTaxPerShare_2" xml:lang="en-US" id="label_InterestOnCapitalPaidNetOfIncomeTaxPerShare_2">Interest On Capital Paid Net Of Income Tax Per Share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestOnCapitalPaidNetOfIncomeTaxPerShare" xlink:to="label_InterestOnCapitalPaidNetOfIncomeTaxPerShare_2" xlink:title="Label : InterestOnCapitalPaidNetOfIncomeTaxPerShare to label_InterestOnCapitalPaidNetOfIncomeTaxPerShare_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AllocationOfNetIncome" xlink:label="AllocationOfNetIncome" xlink:title="AllocationOfNetIncome" />
    <link:label xlink:type="resource" xlink:label="label_AllocationOfNetIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AllocationOfNetIncome" xml:lang="en-US" id="label_AllocationOfNetIncome">The amount of allocation of net income.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllocationOfNetIncome" xlink:to="label_AllocationOfNetIncome" xlink:title="Label : AllocationOfNetIncome to label_AllocationOfNetIncome" />
    <link:label xlink:type="resource" xlink:label="label_AllocationOfNetIncome_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_AllocationOfNetIncome_1" xml:lang="en-US" id="label_AllocationOfNetIncome_1">Total distribution of net income for the year attributable to shareholders of&#xA0;Ultrapar</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllocationOfNetIncome" xlink:to="label_AllocationOfNetIncome_1" xlink:title="Label : AllocationOfNetIncome to label_AllocationOfNetIncome_1" />
    <link:label xlink:type="resource" xlink:label="label_AllocationOfNetIncome_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AllocationOfNetIncome_2" xml:lang="en-US" id="label_AllocationOfNetIncome_2">Allocation Of Net Income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllocationOfNetIncome" xlink:to="label_AllocationOfNetIncome_2" xlink:title="Label : AllocationOfNetIncome to label_AllocationOfNetIncome_2" />
    <link:label xlink:type="resource" xlink:label="label_AllocationOfNetIncome_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AllocationOfNetIncome_3" xml:lang="en-US" id="label_AllocationOfNetIncome_3">Total allocation of net income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllocationOfNetIncome" xlink:to="label_AllocationOfNetIncome_3" xlink:title="Label : AllocationOfNetIncome to label_AllocationOfNetIncome_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AllocationOfNetIncomeToInvestmentsStatutoryReserve" xlink:label="AllocationOfNetIncomeToInvestmentsStatutoryReserve" xlink:title="AllocationOfNetIncomeToInvestmentsStatutoryReserve" />
    <link:label xlink:type="resource" xlink:label="label_AllocationOfNetIncomeToInvestmentsStatutoryReserve" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AllocationOfNetIncomeToInvestmentsStatutoryReserve" xml:lang="en-US" id="label_AllocationOfNetIncomeToInvestmentsStatutoryReserve">Statutory reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllocationOfNetIncomeToInvestmentsStatutoryReserve" xlink:to="label_AllocationOfNetIncomeToInvestmentsStatutoryReserve" xlink:title="Label : AllocationOfNetIncomeToInvestmentsStatutoryReserve to label_AllocationOfNetIncomeToInvestmentsStatutoryReserve" />
    <link:label xlink:type="resource" xlink:label="label_AllocationOfNetIncomeToInvestmentsStatutoryReserve_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AllocationOfNetIncomeToInvestmentsStatutoryReserve_1" xml:lang="en-US" id="label_AllocationOfNetIncomeToInvestmentsStatutoryReserve_1">Investments statutory reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllocationOfNetIncomeToInvestmentsStatutoryReserve" xlink:to="label_AllocationOfNetIncomeToInvestmentsStatutoryReserve_1" xlink:title="Label : AllocationOfNetIncomeToInvestmentsStatutoryReserve to label_AllocationOfNetIncomeToInvestmentsStatutoryReserve_1" />
    <link:label xlink:type="resource" xlink:label="label_AllocationOfNetIncomeToInvestmentsStatutoryReserve_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AllocationOfNetIncomeToInvestmentsStatutoryReserve_2" xml:lang="en-US" id="label_AllocationOfNetIncomeToInvestmentsStatutoryReserve_2">The amount of allocation of net income to investments statutory reserve.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllocationOfNetIncomeToInvestmentsStatutoryReserve" xlink:to="label_AllocationOfNetIncomeToInvestmentsStatutoryReserve_2" xlink:title="Label : AllocationOfNetIncomeToInvestmentsStatutoryReserve to label_AllocationOfNetIncomeToInvestmentsStatutoryReserve_2" />
    <link:label xlink:type="resource" xlink:label="label_AllocationOfNetIncomeToInvestmentsStatutoryReserve_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AllocationOfNetIncomeToInvestmentsStatutoryReserve_3" xml:lang="en-US" id="label_AllocationOfNetIncomeToInvestmentsStatutoryReserve_3">Allocation of Net Income to Investments Statutory Reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllocationOfNetIncomeToInvestmentsStatutoryReserve" xlink:to="label_AllocationOfNetIncomeToInvestmentsStatutoryReserve_3" xlink:title="Label : AllocationOfNetIncomeToInvestmentsStatutoryReserve to label_AllocationOfNetIncomeToInvestmentsStatutoryReserve_3" />
    <link:label xlink:type="resource" xlink:label="label_MinimumMandatoryDividendsLessInterimDividend_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinimumMandatoryDividendsLessInterimDividend_1" xml:lang="en-US" id="label_MinimumMandatoryDividendsLessInterimDividend_1">Minimum Mandatory Dividends Less Interim Dividend</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumMandatoryDividendsLessInterimDividend" xlink:to="label_MinimumMandatoryDividendsLessInterimDividend_1" xlink:title="Label : MinimumMandatoryDividendsLessInterimDividend to label_MinimumMandatoryDividendsLessInterimDividend_1" />
    <link:label xlink:type="resource" xlink:label="label_MinimumMandatoryDividendsLessInterimDividend_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MinimumMandatoryDividendsLessInterimDividend_2" xml:lang="en-US" id="label_MinimumMandatoryDividendsLessInterimDividend_2">Minimum mandatory amount less interim dividend recognized as distributions to owners during the period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumMandatoryDividendsLessInterimDividend" xlink:to="label_MinimumMandatoryDividendsLessInterimDividend_2" xlink:title="Label : MinimumMandatoryDividendsLessInterimDividend to label_MinimumMandatoryDividendsLessInterimDividend_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AllocationOfDividendsAbstract" xlink:label="AllocationOfDividendsAbstract" xlink:title="AllocationOfDividendsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AllocationOfDividendsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AllocationOfDividendsAbstract" xml:lang="en-US" id="label_AllocationOfDividendsAbstract">Allocation of dividends</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllocationOfDividendsAbstract" xlink:to="label_AllocationOfDividendsAbstract" xlink:title="Label : AllocationOfDividendsAbstract to label_AllocationOfDividendsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AllocationOfDividendsAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AllocationOfDividendsAbstract_1" xml:lang="en-US" id="label_AllocationOfDividendsAbstract_1">Allocation Of Dividends [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllocationOfDividendsAbstract" xlink:to="label_AllocationOfDividendsAbstract_1" xlink:title="Label : AllocationOfDividendsAbstract to label_AllocationOfDividendsAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InterestOnCapitalPaidNetOfIncomeTax" xlink:label="InterestOnCapitalPaidNetOfIncomeTax" xlink:title="InterestOnCapitalPaidNetOfIncomeTax" />
    <link:label xlink:type="resource" xlink:label="label_InterestOnCapitalPaidNetOfIncomeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestOnCapitalPaidNetOfIncomeTax" xml:lang="en-US" id="label_InterestOnCapitalPaidNetOfIncomeTax">Interest on capital, net of income tax, already paid (R$ 0.35 per share)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestOnCapitalPaidNetOfIncomeTax" xlink:to="label_InterestOnCapitalPaidNetOfIncomeTax" xlink:title="Label : InterestOnCapitalPaidNetOfIncomeTax to label_InterestOnCapitalPaidNetOfIncomeTax" />
    <link:label xlink:type="resource" xlink:label="label_InterestOnCapitalPaidNetOfIncomeTax_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestOnCapitalPaidNetOfIncomeTax_1" xml:lang="en-US" id="label_InterestOnCapitalPaidNetOfIncomeTax_1">Interest on capital paid, net of income tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestOnCapitalPaidNetOfIncomeTax" xlink:to="label_InterestOnCapitalPaidNetOfIncomeTax_1" xlink:title="Label : InterestOnCapitalPaidNetOfIncomeTax to label_InterestOnCapitalPaidNetOfIncomeTax_1" />
    <link:label xlink:type="resource" xlink:label="label_InterestOnCapitalPaidNetOfIncomeTax_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InterestOnCapitalPaidNetOfIncomeTax_2" xml:lang="en-US" id="label_InterestOnCapitalPaidNetOfIncomeTax_2">The amount of interest on capital paid, net of income tax during the reporting period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestOnCapitalPaidNetOfIncomeTax" xlink:to="label_InterestOnCapitalPaidNetOfIncomeTax_2" xlink:title="Label : InterestOnCapitalPaidNetOfIncomeTax to label_InterestOnCapitalPaidNetOfIncomeTax_2" />
    <link:label xlink:type="resource" xlink:label="label_InterestOnCapitalPaidNetOfIncomeTax_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_InterestOnCapitalPaidNetOfIncomeTax_3" xml:lang="en-US" id="label_InterestOnCapitalPaidNetOfIncomeTax_3">Interest in capital, net of income tax, already paid (R$&#xA0;0.35&#xA0;per share in&#xA0;2022)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestOnCapitalPaidNetOfIncomeTax" xlink:to="label_InterestOnCapitalPaidNetOfIncomeTax_3" xlink:title="Label : InterestOnCapitalPaidNetOfIncomeTax to label_InterestOnCapitalPaidNetOfIncomeTax_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InterimDividendsPaid" xlink:label="InterimDividendsPaid" xlink:title="InterimDividendsPaid" />
    <link:label xlink:type="resource" xlink:label="label_InterimDividendsPaid" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterimDividendsPaid" xml:lang="en-US" id="label_InterimDividendsPaid">Interim dividends already distributed (R$&#xA0;0.25&#xA0;per share in&#xA0;2024&#xA0;and&#xA0;2023)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterimDividendsPaid" xlink:to="label_InterimDividendsPaid" xlink:title="Label : InterimDividendsPaid to label_InterimDividendsPaid" />
    <link:label xlink:type="resource" xlink:label="label_InterimDividendsPaid_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterimDividendsPaid_1" xml:lang="en-US" id="label_InterimDividendsPaid_1">Interim Dividends Paid</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterimDividendsPaid" xlink:to="label_InterimDividendsPaid_1" xlink:title="Label : InterimDividendsPaid to label_InterimDividendsPaid_1" />
    <link:label xlink:type="resource" xlink:label="label_InterimDividendsPaid_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InterimDividendsPaid_2" xml:lang="en-US" id="label_InterimDividendsPaid_2">The amount of interim dividends paid by the entity,</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterimDividendsPaid" xlink:to="label_InterimDividendsPaid_2" xlink:title="Label : InterimDividendsPaid to label_InterimDividendsPaid_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MinimumMandatoryDividends" xlink:label="MinimumMandatoryDividends" xlink:title="MinimumMandatoryDividends" />
    <link:label xlink:type="resource" xlink:label="label_MinimumMandatoryDividends" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_MinimumMandatoryDividends" xml:lang="en-US" id="label_MinimumMandatoryDividends">Minimum mandatory dividends for the year (25% of the adjusted net income)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumMandatoryDividends" xlink:to="label_MinimumMandatoryDividends" xlink:title="Label : MinimumMandatoryDividends to label_MinimumMandatoryDividends" />
    <link:label xlink:type="resource" xlink:label="label_MinimumMandatoryDividends_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_MinimumMandatoryDividends_1" xml:lang="en-US" id="label_MinimumMandatoryDividends_1">Minimum mandatory dividends for the year (50% of the adjusted net income)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumMandatoryDividends" xlink:to="label_MinimumMandatoryDividends_1" xlink:title="Label : MinimumMandatoryDividends to label_MinimumMandatoryDividends_1" />
    <link:label xlink:type="resource" xlink:label="label_MinimumMandatoryDividends_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinimumMandatoryDividends_2" xml:lang="en-US" id="label_MinimumMandatoryDividends_2">Minimum mandatory dividends</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumMandatoryDividends" xlink:to="label_MinimumMandatoryDividends_2" xlink:title="Label : MinimumMandatoryDividends to label_MinimumMandatoryDividends_2" />
    <link:label xlink:type="resource" xlink:label="label_MinimumMandatoryDividends_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MinimumMandatoryDividends_3" xml:lang="en-US" id="label_MinimumMandatoryDividends_3">Minimum mandatory dividends for the year (25% of the adjusted net income)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumMandatoryDividends" xlink:to="label_MinimumMandatoryDividends_3" xlink:title="Label : MinimumMandatoryDividends to label_MinimumMandatoryDividends_3" />
    <link:label xlink:type="resource" xlink:label="label_MinimumMandatoryDividends_4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MinimumMandatoryDividends_4" xml:lang="en-US" id="label_MinimumMandatoryDividends_4">Minimum mandatory amount recognised as distributions to owners during the period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumMandatoryDividends" xlink:to="label_MinimumMandatoryDividends_4" xlink:title="Label : MinimumMandatoryDividends to label_MinimumMandatoryDividends_4" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustedNetIncomeBasisForDividends" xlink:label="AdjustedNetIncomeBasisForDividends" xlink:title="AdjustedNetIncomeBasisForDividends" />
    <link:label xlink:type="resource" xlink:label="label_AdjustedNetIncomeBasisForDividends" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_AdjustedNetIncomeBasisForDividends" xml:lang="en-US" id="label_AdjustedNetIncomeBasisForDividends">Adjusted net income (basis for dividends)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustedNetIncomeBasisForDividends" xlink:to="label_AdjustedNetIncomeBasisForDividends" xlink:title="Label : AdjustedNetIncomeBasisForDividends to label_AdjustedNetIncomeBasisForDividends" />
    <link:label xlink:type="resource" xlink:label="label_AdjustedNetIncomeBasisForDividends_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustedNetIncomeBasisForDividends_1" xml:lang="en-US" id="label_AdjustedNetIncomeBasisForDividends_1">The total amount of adjusted net income of basis for dividends.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustedNetIncomeBasisForDividends" xlink:to="label_AdjustedNetIncomeBasisForDividends_1" xlink:title="Label : AdjustedNetIncomeBasisForDividends to label_AdjustedNetIncomeBasisForDividends_1" />
    <link:label xlink:type="resource" xlink:label="label_AdjustedNetIncomeBasisForDividends_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustedNetIncomeBasisForDividends_2" xml:lang="en-US" id="label_AdjustedNetIncomeBasisForDividends_2">Adjusted Net Income Basis for Dividends</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustedNetIncomeBasisForDividends" xlink:to="label_AdjustedNetIncomeBasisForDividends_2" xlink:title="Label : AdjustedNetIncomeBasisForDividends to label_AdjustedNetIncomeBasisForDividends_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AllocationToLegalReserves" xlink:label="AllocationToLegalReserves" xlink:title="AllocationToLegalReserves" />
    <link:label xlink:type="resource" xlink:label="label_AllocationToLegalReserves" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AllocationToLegalReserves" xml:lang="en-US" id="label_AllocationToLegalReserves">Allocation To Legal Reserves</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllocationToLegalReserves" xlink:to="label_AllocationToLegalReserves" xlink:title="Label : AllocationToLegalReserves to label_AllocationToLegalReserves" />
    <link:label xlink:type="resource" xlink:label="label_AllocationToLegalReserves_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AllocationToLegalReserves_1" xml:lang="en-US" id="label_AllocationToLegalReserves_1">The amount of allocation to legal reserves from the net income.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllocationToLegalReserves" xlink:to="label_AllocationToLegalReserves_1" xlink:title="Label : AllocationToLegalReserves to label_AllocationToLegalReserves_1" />
    <link:label xlink:type="resource" xlink:label="label_AllocationToLegalReserves_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AllocationToLegalReserves_2" xml:lang="en-US" id="label_AllocationToLegalReserves_2">Legal reserve (5% of the net income)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllocationToLegalReserves" xlink:to="label_AllocationToLegalReserves_2" xlink:title="Label : AllocationToLegalReserves to label_AllocationToLegalReserves_2" />
    <link:label xlink:type="resource" xlink:label="label_AllocationToLegalReserves_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AllocationToLegalReserves_3" xml:lang="en-US" id="label_AllocationToLegalReserves_3">Legal reserve (5% of the profit)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllocationToLegalReserves" xlink:to="label_AllocationToLegalReserves_3" xlink:title="Label : AllocationToLegalReserves to label_AllocationToLegalReserves_3" />
    <link:label xlink:type="resource" xlink:label="label_AllocationToLegalReserves_4" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AllocationToLegalReserves_4" xml:lang="en-US" id="label_AllocationToLegalReserves_4">Legal reserve (5% of the profit)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllocationToLegalReserves" xlink:to="label_AllocationToLegalReserves_4" xlink:title="Label : AllocationToLegalReserves to label_AllocationToLegalReserves_4" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ReserveOfValuationAdjustments" xlink:label="ReserveOfValuationAdjustments" xlink:title="ReserveOfValuationAdjustments" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfValuationAdjustments" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_ReserveOfValuationAdjustments" xml:lang="en-US" id="label_ReserveOfValuationAdjustments">Ending balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfValuationAdjustments" xlink:to="label_ReserveOfValuationAdjustments" xlink:title="Label : ReserveOfValuationAdjustments to label_ReserveOfValuationAdjustments" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfValuationAdjustments_1" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_ReserveOfValuationAdjustments_1" xml:lang="en-US" id="label_ReserveOfValuationAdjustments_1">Beginning balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfValuationAdjustments" xlink:to="label_ReserveOfValuationAdjustments_1" xlink:title="Label : ReserveOfValuationAdjustments to label_ReserveOfValuationAdjustments_1" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfValuationAdjustments_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveOfValuationAdjustments_2" xml:lang="en-US" id="label_ReserveOfValuationAdjustments_2">Reserve of Valuation Adjustments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfValuationAdjustments" xlink:to="label_ReserveOfValuationAdjustments_2" xlink:title="Label : ReserveOfValuationAdjustments to label_ReserveOfValuationAdjustments_2" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfValuationAdjustments_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveOfValuationAdjustments_3" xml:lang="en-US" id="label_ReserveOfValuationAdjustments_3">Valuation adjustments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfValuationAdjustments" xlink:to="label_ReserveOfValuationAdjustments_3" xlink:title="Label : ReserveOfValuationAdjustments to label_ReserveOfValuationAdjustments_3" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfValuationAdjustments_4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReserveOfValuationAdjustments_4" xml:lang="en-US" id="label_ReserveOfValuationAdjustments_4">A component of equity representing the reserves of accumulated valuation adjustments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfValuationAdjustments" xlink:to="label_ReserveOfValuationAdjustments_4" xlink:title="Label : ReserveOfValuationAdjustments to label_ReserveOfValuationAdjustments_4" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OtherValuationAdjustmentsMember" xlink:label="OtherValuationAdjustmentsMember" xlink:title="OtherValuationAdjustmentsMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherValuationAdjustmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherValuationAdjustmentsMember" xml:lang="en-US" id="label_OtherValuationAdjustmentsMember">Others</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherValuationAdjustmentsMember" xlink:to="label_OtherValuationAdjustmentsMember" xlink:title="Label : OtherValuationAdjustmentsMember to label_OtherValuationAdjustmentsMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherValuationAdjustmentsMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherValuationAdjustmentsMember_1" xml:lang="en-US" id="label_OtherValuationAdjustmentsMember_1">This member stands for the information pertaining to "Other Valuation Adjustments".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherValuationAdjustmentsMember" xlink:to="label_OtherValuationAdjustmentsMember_1" xlink:title="Label : OtherValuationAdjustmentsMember to label_OtherValuationAdjustmentsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherValuationAdjustmentsMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherValuationAdjustmentsMember_2" xml:lang="en-US" id="label_OtherValuationAdjustmentsMember_2">Other Valuation Adjustments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherValuationAdjustmentsMember" xlink:to="label_OtherValuationAdjustmentsMember_2" xlink:title="Label : OtherValuationAdjustmentsMember to label_OtherValuationAdjustmentsMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NoncontrollingShareholdersInterestChangeMember" xlink:label="NoncontrollingShareholdersInterestChangeMember" xlink:title="NoncontrollingShareholdersInterestChangeMember" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingShareholdersInterestChangeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NoncontrollingShareholdersInterestChangeMember" xml:lang="en-US" id="label_NoncontrollingShareholdersInterestChangeMember">This member stands for a component of equity resulting from non-controlling shareholders interest change.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingShareholdersInterestChangeMember" xlink:to="label_NoncontrollingShareholdersInterestChangeMember" xlink:title="Label : NoncontrollingShareholdersInterestChangeMember to label_NoncontrollingShareholdersInterestChangeMember" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingShareholdersInterestChangeMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncontrollingShareholdersInterestChangeMember_1" xml:lang="en-US" id="label_NoncontrollingShareholdersInterestChangeMember_1">Non-controlling shareholders interest change [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingShareholdersInterestChangeMember" xlink:to="label_NoncontrollingShareholdersInterestChangeMember_1" xlink:title="Label : NoncontrollingShareholdersInterestChangeMember to label_NoncontrollingShareholdersInterestChangeMember_1" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingShareholdersInterestChangeMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncontrollingShareholdersInterestChangeMember_2" xml:lang="en-US" id="label_NoncontrollingShareholdersInterestChangeMember_2">Noncontrolling Shareholders Interest Change [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingShareholdersInterestChangeMember" xlink:to="label_NoncontrollingShareholdersInterestChangeMember_2" xlink:title="Label : NoncontrollingShareholdersInterestChangeMember to label_NoncontrollingShareholdersInterestChangeMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ReserveOfCashFlowHedgesMember" xlink:label="ReserveOfCashFlowHedgesMember" xlink:title="ReserveOfCashFlowHedgesMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfCashFlowHedgesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveOfCashFlowHedgesMember" xml:lang="en-US" id="label_ReserveOfCashFlowHedgesMember">Reserve of cash flow hedges [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfCashFlowHedgesMember" xlink:to="label_ReserveOfCashFlowHedgesMember" xlink:title="Label : ReserveOfCashFlowHedgesMember to label_ReserveOfCashFlowHedgesMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfCashFlowHedgesMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveOfCashFlowHedgesMember_1" xml:lang="en-US" id="label_ReserveOfCashFlowHedgesMember_1">Fair value of cash flow hedging instruments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfCashFlowHedgesMember" xlink:to="label_ReserveOfCashFlowHedgesMember_1" xlink:title="Label : ReserveOfCashFlowHedgesMember to label_ReserveOfCashFlowHedgesMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ValuationAdjustmentsMember" xlink:label="ValuationAdjustmentsMember" xlink:title="ValuationAdjustmentsMember" />
    <link:label xlink:type="resource" xlink:label="label_ValuationAdjustmentsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ValuationAdjustmentsMember" xml:lang="en-US" id="label_ValuationAdjustmentsMember">Total [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ValuationAdjustmentsMember" xlink:to="label_ValuationAdjustmentsMember" xlink:title="Label : ValuationAdjustmentsMember to label_ValuationAdjustmentsMember" />
    <link:label xlink:type="resource" xlink:label="label_ValuationAdjustmentsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ValuationAdjustmentsMember_1" xml:lang="en-US" id="label_ValuationAdjustmentsMember_1">Valuation Adjustments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ValuationAdjustmentsMember" xlink:to="label_ValuationAdjustmentsMember_1" xlink:title="Label : ValuationAdjustmentsMember to label_ValuationAdjustmentsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ValuationAdjustmentsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ValuationAdjustmentsMember_2" xml:lang="en-US" id="label_ValuationAdjustmentsMember_2">Valuation Adjustments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ValuationAdjustmentsMember" xlink:to="label_ValuationAdjustmentsMember_2" xlink:title="Label : ValuationAdjustmentsMember to label_ValuationAdjustmentsMember_2" />
    <link:label xlink:type="resource" xlink:label="label_ValuationAdjustmentsMember_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ValuationAdjustmentsMember_3" xml:lang="en-US" id="label_ValuationAdjustmentsMember_3">This member stands for a component of equity representing valuation adjustments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ValuationAdjustmentsMember" xlink:to="label_ValuationAdjustmentsMember_3" xlink:title="Label : ValuationAdjustmentsMember to label_ValuationAdjustmentsMember_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfTreasurySharesOutstanding" xlink:label="NumberOfTreasurySharesOutstanding" xlink:title="NumberOfTreasurySharesOutstanding" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfTreasurySharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfTreasurySharesOutstanding" xml:lang="en-US" id="label_NumberOfTreasurySharesOutstanding">Total balance of treasury shares as of December 31, 2022</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfTreasurySharesOutstanding" xlink:to="label_NumberOfTreasurySharesOutstanding" xlink:title="Label : NumberOfTreasurySharesOutstanding to label_NumberOfTreasurySharesOutstanding" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfTreasurySharesOutstanding_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfTreasurySharesOutstanding_1" xml:lang="en-US" id="label_NumberOfTreasurySharesOutstanding_1">The number of previously issued shares repurchased by the issuing entity and held in treasury.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfTreasurySharesOutstanding" xlink:to="label_NumberOfTreasurySharesOutstanding_1" xlink:title="Label : NumberOfTreasurySharesOutstanding to label_NumberOfTreasurySharesOutstanding_1" />
    <link:label xlink:type="resource" xlink:label="label_SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders_1" xml:lang="en-US" id="label_SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders_1">Special reserve for mandatory dividend not distributed to non-controlling shareholders</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders" xlink:to="label_SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders_1" xlink:title="Label : SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders to label_SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfTreasurySharesOutstanding_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfTreasurySharesOutstanding_2" xml:lang="en-US" id="label_NumberOfTreasurySharesOutstanding_2">Number of treasury shares outstanding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfTreasurySharesOutstanding" xlink:to="label_NumberOfTreasurySharesOutstanding_2" xlink:title="Label : NumberOfTreasurySharesOutstanding to label_NumberOfTreasurySharesOutstanding_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MinimumMandatoryDividendsAsPercentageOfNetIncome" xlink:label="MinimumMandatoryDividendsAsPercentageOfNetIncome" xlink:title="MinimumMandatoryDividendsAsPercentageOfNetIncome" />
    <link:label xlink:type="resource" xlink:label="label_MinimumMandatoryDividendsAsPercentageOfNetIncome" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_MinimumMandatoryDividendsAsPercentageOfNetIncome" xml:lang="en-US" id="label_MinimumMandatoryDividendsAsPercentageOfNetIncome">Statutory reserve as percentage of net income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumMandatoryDividendsAsPercentageOfNetIncome" xlink:to="label_MinimumMandatoryDividendsAsPercentageOfNetIncome" xlink:title="Label : MinimumMandatoryDividendsAsPercentageOfNetIncome to label_MinimumMandatoryDividendsAsPercentageOfNetIncome" />
    <link:label xlink:type="resource" xlink:label="label_MinimumMandatoryDividendsAsPercentageOfNetIncome_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinimumMandatoryDividendsAsPercentageOfNetIncome_1" xml:lang="en-US" id="label_MinimumMandatoryDividendsAsPercentageOfNetIncome_1">Minimum mandatory dividends as percentage of net income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumMandatoryDividendsAsPercentageOfNetIncome" xlink:to="label_MinimumMandatoryDividendsAsPercentageOfNetIncome_1" xlink:title="Label : MinimumMandatoryDividendsAsPercentageOfNetIncome to label_MinimumMandatoryDividendsAsPercentageOfNetIncome_1" />
    <link:label xlink:type="resource" xlink:label="label_MinimumMandatoryDividendsAsPercentageOfNetIncome_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MinimumMandatoryDividendsAsPercentageOfNetIncome_2" xml:lang="en-US" id="label_MinimumMandatoryDividendsAsPercentageOfNetIncome_2">The percentage of net income allocated to minimum mandatory dividends.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumMandatoryDividendsAsPercentageOfNetIncome" xlink:to="label_MinimumMandatoryDividendsAsPercentageOfNetIncome_2" xlink:title="Label : MinimumMandatoryDividendsAsPercentageOfNetIncome to label_MinimumMandatoryDividendsAsPercentageOfNetIncome_2" />
    <link:label xlink:type="resource" xlink:label="label_MinimumMandatoryDividendsAsPercentageOfNetIncome_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MinimumMandatoryDividendsAsPercentageOfNetIncome_3" xml:lang="en-US" id="label_MinimumMandatoryDividendsAsPercentageOfNetIncome_3">Minimum mandatory dividends as percentage of net income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumMandatoryDividendsAsPercentageOfNetIncome" xlink:to="label_MinimumMandatoryDividendsAsPercentageOfNetIncome_3" xlink:title="Label : MinimumMandatoryDividendsAsPercentageOfNetIncome to label_MinimumMandatoryDividendsAsPercentageOfNetIncome_3" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughTransferToStatutoryReserve_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughTransferToStatutoryReserve_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughTransferToStatutoryReserve_1">Increase in Company's capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTransferToStatutoryReserve" xlink:to="label_IncreaseDecreaseThroughTransferToStatutoryReserve_1" xlink:title="Label : IncreaseDecreaseThroughTransferToStatutoryReserve to label_IncreaseDecreaseThroughTransferToStatutoryReserve_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughTransferToStatutoryReserve_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_IncreaseDecreaseThroughTransferToStatutoryReserve_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughTransferToStatutoryReserve_2">Transfer to statutory reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTransferToStatutoryReserve" xlink:to="label_IncreaseDecreaseThroughTransferToStatutoryReserve_2" xlink:title="Label : IncreaseDecreaseThroughTransferToStatutoryReserve to label_IncreaseDecreaseThroughTransferToStatutoryReserve_2" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentStatutoryReserveAsMaximumPercentageOfNetIncome_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentStatutoryReserveAsMaximumPercentageOfNetIncome_1" xml:lang="en-US" id="label_InvestmentStatutoryReserveAsMaximumPercentageOfNetIncome_1">Investment statutory reserve as maximum percentage of net income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentStatutoryReserveAsMaximumPercentageOfNetIncome" xlink:to="label_InvestmentStatutoryReserveAsMaximumPercentageOfNetIncome_1" xlink:title="Label : InvestmentStatutoryReserveAsMaximumPercentageOfNetIncome to label_InvestmentStatutoryReserveAsMaximumPercentageOfNetIncome_1" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentStatutoryReserveAsMaximumPercentageOfNetIncome_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InvestmentStatutoryReserveAsMaximumPercentageOfNetIncome_2" xml:lang="en-US" id="label_InvestmentStatutoryReserveAsMaximumPercentageOfNetIncome_2">Investments statutory reserve as maximum percentage of net income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentStatutoryReserveAsMaximumPercentageOfNetIncome" xlink:to="label_InvestmentStatutoryReserveAsMaximumPercentageOfNetIncome_2" xlink:title="Label : InvestmentStatutoryReserveAsMaximumPercentageOfNetIncome to label_InvestmentStatutoryReserveAsMaximumPercentageOfNetIncome_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LegalReserves" xlink:label="LegalReserves" xlink:title="LegalReserves" />
    <link:label xlink:type="resource" xlink:label="label_LegalReserves" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LegalReserves" xml:lang="en-US" id="label_LegalReserves">Legal Reserves</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LegalReserves" xlink:to="label_LegalReserves" xlink:title="Label : LegalReserves to label_LegalReserves" />
    <link:label xlink:type="resource" xlink:label="label_LegalReserves_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LegalReserves_1" xml:lang="en-US" id="label_LegalReserves_1">A component of equity representing reserves created based on legal requirements and it may be used to increase capital or to absorb losses, but may not be distributed as dividends.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LegalReserves" xlink:to="label_LegalReserves_1" xlink:title="Label : LegalReserves to label_LegalReserves_1" />
    <link:label xlink:type="resource" xlink:label="label_LegalReserves_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LegalReserves_2" xml:lang="en-US" id="label_LegalReserves_2">Legal reserves</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LegalReserves" xlink:to="label_LegalReserves_2" xlink:title="Label : LegalReserves to label_LegalReserves_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ThresholdPercentageOfShareCapitalForLegalReserveAllocation" xlink:label="ThresholdPercentageOfShareCapitalForLegalReserveAllocation" xlink:title="ThresholdPercentageOfShareCapitalForLegalReserveAllocation" />
    <link:label xlink:type="resource" xlink:label="label_ThresholdPercentageOfShareCapitalForLegalReserveAllocation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ThresholdPercentageOfShareCapitalForLegalReserveAllocation" xml:lang="en-US" id="label_ThresholdPercentageOfShareCapitalForLegalReserveAllocation">The percentage of threshold limit of share capital for legal reserve allocation.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThresholdPercentageOfShareCapitalForLegalReserveAllocation" xlink:to="label_ThresholdPercentageOfShareCapitalForLegalReserveAllocation" xlink:title="Label : ThresholdPercentageOfShareCapitalForLegalReserveAllocation to label_ThresholdPercentageOfShareCapitalForLegalReserveAllocation" />
    <link:label xlink:type="resource" xlink:label="label_SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders_2" xml:lang="en-US" id="label_SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders_2">Special Reserve For Mandatory Dividend Not Distributed To Noncontrolling Shareholders</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders" xlink:to="label_SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders_2" xlink:title="Label : SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders to label_SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:label="GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:title="GainsLossesRecognisedWhenControlInSubsidiaryIsLost" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xml:lang="en-US" id="label_GainsLossesRecognisedWhenControlInSubsidiaryIsLost">Gains (losses) recognised when control of subsidiary is lost</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:to="label_GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:title="Label : GainsLossesRecognisedWhenControlInSubsidiaryIsLost to label_GainsLossesRecognisedWhenControlInSubsidiaryIsLost" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity" xlink:label="IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity" xlink:title="IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity" xml:lang="en-US" id="label_IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity">Realization of revaluation reserve of subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity" xlink:to="label_IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity" xlink:title="Label : IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity to label_IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity" />
    <link:label xlink:type="resource" xlink:label="label_ThresholdPercentageOfShareCapitalForLegalReserveAllocation_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ThresholdPercentageOfShareCapitalForLegalReserveAllocation_1" xml:lang="en-US" id="label_ThresholdPercentageOfShareCapitalForLegalReserveAllocation_1">Threshold percentage of share capital for legal reserve allocation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThresholdPercentageOfShareCapitalForLegalReserveAllocation" xlink:to="label_ThresholdPercentageOfShareCapitalForLegalReserveAllocation_1" xlink:title="Label : ThresholdPercentageOfShareCapitalForLegalReserveAllocation to label_ThresholdPercentageOfShareCapitalForLegalReserveAllocation_1" />
    <link:label xlink:type="resource" xlink:label="label_ThresholdPercentageOfShareCapitalForLegalReserveAllocation_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ThresholdPercentageOfShareCapitalForLegalReserveAllocation_2" xml:lang="en-US" id="label_ThresholdPercentageOfShareCapitalForLegalReserveAllocation_2">Threshold Percentage of Share Capital for Legal Reserve Allocation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThresholdPercentageOfShareCapitalForLegalReserveAllocation" xlink:to="label_ThresholdPercentageOfShareCapitalForLegalReserveAllocation_2" xlink:title="Label : ThresholdPercentageOfShareCapitalForLegalReserveAllocation to label_ThresholdPercentageOfShareCapitalForLegalReserveAllocation_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LegalReserveAsPercentageOfNetIncome" xlink:label="LegalReserveAsPercentageOfNetIncome" xlink:title="LegalReserveAsPercentageOfNetIncome" />
    <link:label xlink:type="resource" xlink:label="label_LegalReserveAsPercentageOfNetIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LegalReserveAsPercentageOfNetIncome" xml:lang="en-US" id="label_LegalReserveAsPercentageOfNetIncome">Legal reserve as percentage of net income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LegalReserveAsPercentageOfNetIncome" xlink:to="label_LegalReserveAsPercentageOfNetIncome" xlink:title="Label : LegalReserveAsPercentageOfNetIncome to label_LegalReserveAsPercentageOfNetIncome" />
    <link:label xlink:type="resource" xlink:label="label_LegalReserveAsPercentageOfNetIncome_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LegalReserveAsPercentageOfNetIncome_1" xml:lang="en-US" id="label_LegalReserveAsPercentageOfNetIncome_1">Legal reserve as percentage of net income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LegalReserveAsPercentageOfNetIncome" xlink:to="label_LegalReserveAsPercentageOfNetIncome_1" xlink:title="Label : LegalReserveAsPercentageOfNetIncome to label_LegalReserveAsPercentageOfNetIncome_1" />
    <link:label xlink:type="resource" xlink:label="label_LegalReserveAsPercentageOfNetIncome_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LegalReserveAsPercentageOfNetIncome_2" xml:lang="en-US" id="label_LegalReserveAsPercentageOfNetIncome_2">The percentage of net income allocated to legal reserve.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LegalReserveAsPercentageOfNetIncome" xlink:to="label_LegalReserveAsPercentageOfNetIncome_2" xlink:title="Label : LegalReserveAsPercentageOfNetIncome to label_LegalReserveAsPercentageOfNetIncome_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DividendsRecognisedAsDistributionsToOwnersPerShare" xlink:label="DividendsRecognisedAsDistributionsToOwnersPerShare" xlink:title="DividendsRecognisedAsDistributionsToOwnersPerShare" />
    <link:label xlink:type="resource" xlink:label="label_DividendsRecognisedAsDistributionsToOwnersPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsRecognisedAsDistributionsToOwnersPerShare" xml:lang="en-US" id="label_DividendsRecognisedAsDistributionsToOwnersPerShare">Dividends recognised as distributions to owners per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsRecognisedAsDistributionsToOwnersPerShare" xlink:to="label_DividendsRecognisedAsDistributionsToOwnersPerShare" xlink:title="Label : DividendsRecognisedAsDistributionsToOwnersPerShare to label_DividendsRecognisedAsDistributionsToOwnersPerShare" />
    <link:label xlink:type="resource" xlink:label="label_DividendsRecognisedAsDistributionsToOwnersPerShare_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsRecognisedAsDistributionsToOwnersPerShare_1" xml:lang="en-US" id="label_DividendsRecognisedAsDistributionsToOwnersPerShare_1">Dividends per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsRecognisedAsDistributionsToOwnersPerShare" xlink:to="label_DividendsRecognisedAsDistributionsToOwnersPerShare_1" xlink:title="Label : DividendsRecognisedAsDistributionsToOwnersPerShare to label_DividendsRecognisedAsDistributionsToOwnersPerShare_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DividendsPayable" xlink:label="DividendsPayable" xlink:title="DividendsPayable" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPayable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsPayable" xml:lang="en-US" id="label_DividendsPayable">Dividends payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPayable" xlink:to="label_DividendsPayable" xlink:title="Label : DividendsPayable to label_DividendsPayable" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPayable_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPayable_1" xml:lang="en-US" id="label_DividendsPayable_1">Dividends payable, non-cash assets distributions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPayable" xlink:to="label_DividendsPayable_1" xlink:title="Label : DividendsPayable to label_DividendsPayable_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_RetentionOfProfitsAndInvestmentsReserve" xlink:label="RetentionOfProfitsAndInvestmentsReserve" xlink:title="RetentionOfProfitsAndInvestmentsReserve" />
    <link:label xlink:type="resource" xlink:label="label_RetentionOfProfitsAndInvestmentsReserve" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RetentionOfProfitsAndInvestmentsReserve" xml:lang="en-US" id="label_RetentionOfProfitsAndInvestmentsReserve">Retention of profits and investments reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetentionOfProfitsAndInvestmentsReserve" xlink:to="label_RetentionOfProfitsAndInvestmentsReserve" xlink:title="Label : RetentionOfProfitsAndInvestmentsReserve to label_RetentionOfProfitsAndInvestmentsReserve" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity_1">Increase (Decrease) Through Realization of Revaluation Reserve of Subsidiaries, Equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity" xlink:to="label_IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity_1" xlink:title="Label : IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity to label_IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity_1" />
    <link:label xlink:type="resource" xlink:label="label_RetentionOfProfitsAndInvestmentsReserve_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RetentionOfProfitsAndInvestmentsReserve_1" xml:lang="en-US" id="label_RetentionOfProfitsAndInvestmentsReserve_1">The disclosure of the allocation of income for retention of profits purposes.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetentionOfProfitsAndInvestmentsReserve" xlink:to="label_RetentionOfProfitsAndInvestmentsReserve_1" xlink:title="Label : RetentionOfProfitsAndInvestmentsReserve to label_RetentionOfProfitsAndInvestmentsReserve_1" />
    <link:label xlink:type="resource" xlink:label="label_RetentionOfProfitsAndInvestmentsReserve_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RetentionOfProfitsAndInvestmentsReserve_2" xml:lang="en-US" id="label_RetentionOfProfitsAndInvestmentsReserve_2">Retention of profits and investments reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetentionOfProfitsAndInvestmentsReserve" xlink:to="label_RetentionOfProfitsAndInvestmentsReserve_2" xlink:title="Label : RetentionOfProfitsAndInvestmentsReserve to label_RetentionOfProfitsAndInvestmentsReserve_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ShareIssueRelatedCost" xlink:label="ShareIssueRelatedCost" xlink:title="ShareIssueRelatedCost" />
    <link:label xlink:type="resource" xlink:label="label_ShareIssueRelatedCost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShareIssueRelatedCost" xml:lang="en-US" id="label_ShareIssueRelatedCost">Incurred costs directly attributable to issuing new shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareIssueRelatedCost" xlink:to="label_ShareIssueRelatedCost" xlink:title="Label : ShareIssueRelatedCost to label_ShareIssueRelatedCost" />
    <link:label xlink:type="resource" xlink:label="label_ShareIssueRelatedCost_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareIssueRelatedCost_1" xml:lang="en-US" id="label_ShareIssueRelatedCost_1">Share issue related cost</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareIssueRelatedCost" xlink:to="label_ShareIssueRelatedCost_1" xlink:title="Label : ShareIssueRelatedCost to label_ShareIssueRelatedCost_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TreasurySharesAveragePrice" xlink:label="TreasurySharesAveragePrice" xlink:title="TreasurySharesAveragePrice" />
    <link:label xlink:type="resource" xlink:label="label_TreasurySharesAveragePrice" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TreasurySharesAveragePrice" xml:lang="en-US" id="label_TreasurySharesAveragePrice">Average cost</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TreasurySharesAveragePrice" xlink:to="label_TreasurySharesAveragePrice" xlink:title="Label : TreasurySharesAveragePrice to label_TreasurySharesAveragePrice" />
    <link:label xlink:type="resource" xlink:label="label_TreasurySharesAveragePrice_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TreasurySharesAveragePrice_1" xml:lang="en-US" id="label_TreasurySharesAveragePrice_1">Treasury shares average price.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TreasurySharesAveragePrice" xlink:to="label_TreasurySharesAveragePrice_1" xlink:title="Label : TreasurySharesAveragePrice to label_TreasurySharesAveragePrice_1" />
    <link:label xlink:type="resource" xlink:label="label_TreasurySharesAveragePrice_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TreasurySharesAveragePrice_2" xml:lang="en-US" id="label_TreasurySharesAveragePrice_2">Treasury shares average price</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TreasurySharesAveragePrice" xlink:to="label_TreasurySharesAveragePrice_2" xlink:title="Label : TreasurySharesAveragePrice to label_TreasurySharesAveragePrice_2" />
    <link:label xlink:type="resource" xlink:label="label_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates_1" xml:lang="en-US" id="label_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates_1">Shares held in treasury</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates" xlink:to="label_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates_1" xlink:title="Label : SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates to label_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfTreasurySharesGrantedWithRightOfUse" xlink:label="NumberOfTreasurySharesGrantedWithRightOfUse" xlink:title="NumberOfTreasurySharesGrantedWithRightOfUse" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfTreasurySharesGrantedWithRightOfUse" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NumberOfTreasurySharesGrantedWithRightOfUse" xml:lang="en-US" id="label_NumberOfTreasurySharesGrantedWithRightOfUse">Balance of treasury shares granted with right of use</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfTreasurySharesGrantedWithRightOfUse" xlink:to="label_NumberOfTreasurySharesGrantedWithRightOfUse" xlink:title="Label : NumberOfTreasurySharesGrantedWithRightOfUse to label_NumberOfTreasurySharesGrantedWithRightOfUse" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfTreasurySharesGrantedWithRightOfUse_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfTreasurySharesGrantedWithRightOfUse_1" xml:lang="en-US" id="label_NumberOfTreasurySharesGrantedWithRightOfUse_1">Number of treasury shares granted with right of use</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfTreasurySharesGrantedWithRightOfUse" xlink:to="label_NumberOfTreasurySharesGrantedWithRightOfUse_1" xlink:title="Label : NumberOfTreasurySharesGrantedWithRightOfUse to label_NumberOfTreasurySharesGrantedWithRightOfUse_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfTreasurySharesGrantedWithRightOfUse_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfTreasurySharesGrantedWithRightOfUse_2" xml:lang="en-US" id="label_NumberOfTreasurySharesGrantedWithRightOfUse_2">The number of treasury shares granted with right of use at end of the reporting period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfTreasurySharesGrantedWithRightOfUse" xlink:to="label_NumberOfTreasurySharesGrantedWithRightOfUse_2" xlink:title="Label : NumberOfTreasurySharesGrantedWithRightOfUse to label_NumberOfTreasurySharesGrantedWithRightOfUse_2" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfTreasurySharesGrantedWithRightOfUse_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfTreasurySharesGrantedWithRightOfUse_3" xml:lang="en-US" id="label_NumberOfTreasurySharesGrantedWithRightOfUse_3">Balance of treasury shares granted with right of use (see note 25.b)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfTreasurySharesGrantedWithRightOfUse" xlink:to="label_NumberOfTreasurySharesGrantedWithRightOfUse_3" xlink:title="Label : NumberOfTreasurySharesGrantedWithRightOfUse to label_NumberOfTreasurySharesGrantedWithRightOfUse_3" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity_2">The increase (decrease) in equity resulting from realization of revaluation reserve of subsidiaries.</link:label>
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    <link:label xlink:type="resource" xlink:label="label_NumberOfSharesOutstandingAbroadInFormOfAmericanDepositaryReceipts_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfSharesOutstandingAbroadInFormOfAmericanDepositaryReceipts_2" xml:lang="en-US" id="label_NumberOfSharesOutstandingAbroadInFormOfAmericanDepositaryReceipts_2">Common shares outstanding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesOutstandingAbroadInFormOfAmericanDepositaryReceipts" xlink:to="label_NumberOfSharesOutstandingAbroadInFormOfAmericanDepositaryReceipts_2" xlink:title="Label : NumberOfSharesOutstandingAbroadInFormOfAmericanDepositaryReceipts to label_NumberOfSharesOutstandingAbroadInFormOfAmericanDepositaryReceipts_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ParValuePerShare" xlink:label="ParValuePerShare" xlink:title="ParValuePerShare" />
    <link:label xlink:type="resource" xlink:label="label_ParValuePerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ParValuePerShare" xml:lang="en-US" id="label_ParValuePerShare">Par value per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ParValuePerShare" xlink:to="label_ParValuePerShare" xlink:title="Label : ParValuePerShare to label_ParValuePerShare" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NumberOfSharesIssuedAndFullyPaid" xlink:label="NumberOfSharesIssuedAndFullyPaid" xlink:title="NumberOfSharesIssuedAndFullyPaid" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfSharesIssuedAndFullyPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfSharesIssuedAndFullyPaid" xml:lang="en-US" id="label_NumberOfSharesIssuedAndFullyPaid">Number of shares issued and fully paid</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesIssuedAndFullyPaid" xlink:to="label_NumberOfSharesIssuedAndFullyPaid" xlink:title="Label : NumberOfSharesIssuedAndFullyPaid to label_NumberOfSharesIssuedAndFullyPaid" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity" xlink:label="IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity" xlink:title="IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ProvisionForIndemnitiesRelatedToCivilClaims" xlink:label="ProvisionForIndemnitiesRelatedToCivilClaims" xlink:title="ProvisionForIndemnitiesRelatedToCivilClaims" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForIndemnitiesRelatedToCivilClaims" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProvisionForIndemnitiesRelatedToCivilClaims" xml:lang="en-US" id="label_ProvisionForIndemnitiesRelatedToCivilClaims">Provision for indemnities related to civil claims</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForIndemnitiesRelatedToCivilClaims" xlink:to="label_ProvisionForIndemnitiesRelatedToCivilClaims" xlink:title="Label : ProvisionForIndemnitiesRelatedToCivilClaims to label_ProvisionForIndemnitiesRelatedToCivilClaims" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForIndemnitiesRelatedToCivilClaims_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProvisionForIndemnitiesRelatedToCivilClaims_1" xml:lang="en-US" id="label_ProvisionForIndemnitiesRelatedToCivilClaims_1">The amount of provision for indemnities related to civil claims.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForIndemnitiesRelatedToCivilClaims" xlink:to="label_ProvisionForIndemnitiesRelatedToCivilClaims_1" xlink:title="Label : ProvisionForIndemnitiesRelatedToCivilClaims to label_ProvisionForIndemnitiesRelatedToCivilClaims_1" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForIndemnitiesRelatedToCivilClaims_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProvisionForIndemnitiesRelatedToCivilClaims_2" xml:lang="en-US" id="label_ProvisionForIndemnitiesRelatedToCivilClaims_2">Provision for indemnities related to civil claims</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForIndemnitiesRelatedToCivilClaims" xlink:to="label_ProvisionForIndemnitiesRelatedToCivilClaims_2" xlink:title="Label : ProvisionForIndemnitiesRelatedToCivilClaims to label_ProvisionForIndemnitiesRelatedToCivilClaims_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ProvisionForIndemnitiesRelatedToLaborClaims" xlink:label="ProvisionForIndemnitiesRelatedToLaborClaims" xlink:title="ProvisionForIndemnitiesRelatedToLaborClaims" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForIndemnitiesRelatedToLaborClaims" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProvisionForIndemnitiesRelatedToLaborClaims" xml:lang="en-US" id="label_ProvisionForIndemnitiesRelatedToLaborClaims">Provision for indemnities related to labor claims</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForIndemnitiesRelatedToLaborClaims" xlink:to="label_ProvisionForIndemnitiesRelatedToLaborClaims" xlink:title="Label : ProvisionForIndemnitiesRelatedToLaborClaims to label_ProvisionForIndemnitiesRelatedToLaborClaims" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForIndemnitiesRelatedToLaborClaims_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProvisionForIndemnitiesRelatedToLaborClaims_1" xml:lang="en-US" id="label_ProvisionForIndemnitiesRelatedToLaborClaims_1">The amount of provision for indemnities related to labor claims.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForIndemnitiesRelatedToLaborClaims" xlink:to="label_ProvisionForIndemnitiesRelatedToLaborClaims_1" xlink:title="Label : ProvisionForIndemnitiesRelatedToLaborClaims to label_ProvisionForIndemnitiesRelatedToLaborClaims_1" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForIndemnitiesRelatedToLaborClaims_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProvisionForIndemnitiesRelatedToLaborClaims_2" xml:lang="en-US" id="label_ProvisionForIndemnitiesRelatedToLaborClaims_2">Provision for indemnities related to labor claims</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForIndemnitiesRelatedToLaborClaims" xlink:to="label_ProvisionForIndemnitiesRelatedToLaborClaims_2" xlink:title="Label : ProvisionForIndemnitiesRelatedToLaborClaims to label_ProvisionForIndemnitiesRelatedToLaborClaims_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ProvisionForIndemnities" xlink:label="ProvisionForIndemnities" xlink:title="ProvisionForIndemnities" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForIndemnities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProvisionForIndemnities" xml:lang="en-US" id="label_ProvisionForIndemnities">Provision for indemnities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForIndemnities" xlink:to="label_ProvisionForIndemnities" xlink:title="Label : ProvisionForIndemnities to label_ProvisionForIndemnities" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForIndemnities_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProvisionForIndemnities_1" xml:lang="en-US" id="label_ProvisionForIndemnities_1">The amount of provision for indemnities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForIndemnities" xlink:to="label_ProvisionForIndemnities_1" xlink:title="Label : ProvisionForIndemnities to label_ProvisionForIndemnities_1" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForIndemnities_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProvisionForIndemnities_2" xml:lang="en-US" id="label_ProvisionForIndemnities_2">Provision for indemnities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForIndemnities" xlink:to="label_ProvisionForIndemnities_2" xlink:title="Label : ProvisionForIndemnities to label_ProvisionForIndemnities_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ContingentLiabilitiesForTaxAssessmentsOnSales" xlink:label="ContingentLiabilitiesForTaxAssessmentsOnSales" xlink:title="ContingentLiabilitiesForTaxAssessmentsOnSales" />
    <link:label xlink:type="resource" xlink:label="label_ContingentLiabilitiesForTaxAssessmentsOnSales" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ContingentLiabilitiesForTaxAssessmentsOnSales" xml:lang="en-US" id="label_ContingentLiabilitiesForTaxAssessmentsOnSales">The amount of contingent liabilities for ICMS tax assessments on sales.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentLiabilitiesForTaxAssessmentsOnSales" xlink:to="label_ContingentLiabilitiesForTaxAssessmentsOnSales" xlink:title="Label : ContingentLiabilitiesForTaxAssessmentsOnSales to label_ContingentLiabilitiesForTaxAssessmentsOnSales" />
    <link:label xlink:type="resource" xlink:label="label_ContingentLiabilitiesForTaxAssessmentsOnSales_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContingentLiabilitiesForTaxAssessmentsOnSales_1" xml:lang="en-US" id="label_ContingentLiabilitiesForTaxAssessmentsOnSales_1">Contingent liabilities for tax assessments on sales</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentLiabilitiesForTaxAssessmentsOnSales" xlink:to="label_ContingentLiabilitiesForTaxAssessmentsOnSales_1" xlink:title="Label : ContingentLiabilitiesForTaxAssessmentsOnSales to label_ContingentLiabilitiesForTaxAssessmentsOnSales_1" />
    <link:label xlink:type="resource" xlink:label="label_ContingentLiabilitiesForTaxAssessmentsOnSales_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContingentLiabilitiesForTaxAssessmentsOnSales_2" xml:lang="en-US" id="label_ContingentLiabilitiesForTaxAssessmentsOnSales_2">Contingent Liabilities for Tax Assessments on Sales</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentLiabilitiesForTaxAssessmentsOnSales" xlink:to="label_ContingentLiabilitiesForTaxAssessmentsOnSales_2" xlink:title="Label : ContingentLiabilitiesForTaxAssessmentsOnSales to label_ContingentLiabilitiesForTaxAssessmentsOnSales_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PaymentsForIcmsTaxAssessment" xlink:label="PaymentsForIcmsTaxAssessment" xlink:title="PaymentsForIcmsTaxAssessment" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsForIcmsTaxAssessment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PaymentsForIcmsTaxAssessment" xml:lang="en-US" id="label_PaymentsForIcmsTaxAssessment">The cash outflow for payments of ICMS tax assessment through tax amnesty program.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForIcmsTaxAssessment" xlink:to="label_PaymentsForIcmsTaxAssessment" xlink:title="Label : PaymentsForIcmsTaxAssessment to label_PaymentsForIcmsTaxAssessment" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsForIcmsTaxAssessment_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentsForIcmsTaxAssessment_1" xml:lang="en-US" id="label_PaymentsForIcmsTaxAssessment_1">Payments for ICMS tax assessment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForIcmsTaxAssessment" xlink:to="label_PaymentsForIcmsTaxAssessment_1" xlink:title="Label : PaymentsForIcmsTaxAssessment to label_PaymentsForIcmsTaxAssessment_1" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsForIcmsTaxAssessment_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsForIcmsTaxAssessment_2" xml:lang="en-US" id="label_PaymentsForIcmsTaxAssessment_2">Payments for Icms Tax Assessment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForIcmsTaxAssessment" xlink:to="label_PaymentsForIcmsTaxAssessment_2" xlink:title="Label : PaymentsForIcmsTaxAssessment to label_PaymentsForIcmsTaxAssessment_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfFinesReceived" xlink:label="NumberOfFinesReceived" xlink:title="NumberOfFinesReceived" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfFinesReceived" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfFinesReceived" xml:lang="en-US" id="label_NumberOfFinesReceived">The number of fines received for contingent liabilities for civil, environmental and regulatory claims.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfFinesReceived" xlink:to="label_NumberOfFinesReceived" xlink:title="Label : NumberOfFinesReceived to label_NumberOfFinesReceived" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfFinesReceived_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfFinesReceived_1" xml:lang="en-US" id="label_NumberOfFinesReceived_1">Number of fines received</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfFinesReceived" xlink:to="label_NumberOfFinesReceived_1" xlink:title="Label : NumberOfFinesReceived to label_NumberOfFinesReceived_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfFinesReceived_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfFinesReceived_2" xml:lang="en-US" id="label_NumberOfFinesReceived_2">Number of Fines Received</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfFinesReceived" xlink:to="label_NumberOfFinesReceived_2" xlink:title="Label : NumberOfFinesReceived to label_NumberOfFinesReceived_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SurchargeOnNonEssentialProducts" xlink:label="SurchargeOnNonEssentialProducts" xlink:title="SurchargeOnNonEssentialProducts" />
    <link:label xlink:type="resource" xlink:label="label_SurchargeOnNonEssentialProducts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SurchargeOnNonEssentialProducts" xml:lang="en-US" id="label_SurchargeOnNonEssentialProducts">The amount of surcharge duty on non-essential products for tax contingencies.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SurchargeOnNonEssentialProducts" xlink:to="label_SurchargeOnNonEssentialProducts" xlink:title="Label : SurchargeOnNonEssentialProducts to label_SurchargeOnNonEssentialProducts" />
    <link:label xlink:type="resource" xlink:label="label_SurchargeOnNonEssentialProducts_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SurchargeOnNonEssentialProducts_1" xml:lang="en-US" id="label_SurchargeOnNonEssentialProducts_1">Surcharge on non-essential products</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SurchargeOnNonEssentialProducts" xlink:to="label_SurchargeOnNonEssentialProducts_1" xlink:title="Label : SurchargeOnNonEssentialProducts to label_SurchargeOnNonEssentialProducts_1" />
    <link:label xlink:type="resource" xlink:label="label_SurchargeOnNonEssentialProducts_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SurchargeOnNonEssentialProducts_2" xml:lang="en-US" id="label_SurchargeOnNonEssentialProducts_2">Surcharge on Non Essential Products</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SurchargeOnNonEssentialProducts" xlink:to="label_SurchargeOnNonEssentialProducts_2" xlink:title="Label : SurchargeOnNonEssentialProducts to label_SurchargeOnNonEssentialProducts_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SurchargeRateOnNonEssentialProducts" xlink:label="SurchargeRateOnNonEssentialProducts" xlink:title="SurchargeRateOnNonEssentialProducts" />
    <link:label xlink:type="resource" xlink:label="label_SurchargeRateOnNonEssentialProducts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SurchargeRateOnNonEssentialProducts" xml:lang="en-US" id="label_SurchargeRateOnNonEssentialProducts">The percentage of surcharge rate on non-essential products for tax contingencies.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SurchargeRateOnNonEssentialProducts" xlink:to="label_SurchargeRateOnNonEssentialProducts" xlink:title="Label : SurchargeRateOnNonEssentialProducts to label_SurchargeRateOnNonEssentialProducts" />
    <link:label xlink:type="resource" xlink:label="label_SurchargeRateOnNonEssentialProducts_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SurchargeRateOnNonEssentialProducts_1" xml:lang="en-US" id="label_SurchargeRateOnNonEssentialProducts_1">Surcharge rate on non-essential products</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SurchargeRateOnNonEssentialProducts" xlink:to="label_SurchargeRateOnNonEssentialProducts_1" xlink:title="Label : SurchargeRateOnNonEssentialProducts to label_SurchargeRateOnNonEssentialProducts_1" />
    <link:label xlink:type="resource" xlink:label="label_SurchargeRateOnNonEssentialProducts_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SurchargeRateOnNonEssentialProducts_2" xml:lang="en-US" id="label_SurchargeRateOnNonEssentialProducts_2">Surcharge Rate on Non Essential Products</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SurchargeRateOnNonEssentialProducts" xlink:to="label_SurchargeRateOnNonEssentialProducts_2" xlink:title="Label : SurchargeRateOnNonEssentialProducts to label_SurchargeRateOnNonEssentialProducts_2" />
    <link:label xlink:type="resource" xlink:label="label_FruitionTaxExpensesBenefitsRelatedToFiscalEquilibriumFund_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FruitionTaxExpensesBenefitsRelatedToFiscalEquilibriumFund_1" xml:lang="en-US" id="label_FruitionTaxExpensesBenefitsRelatedToFiscalEquilibriumFund_1">Fruition tax expenses (benefits) related to fiscal equilibrium fund</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FruitionTaxExpensesBenefitsRelatedToFiscalEquilibriumFund" xlink:to="label_FruitionTaxExpensesBenefitsRelatedToFiscalEquilibriumFund_1" xlink:title="Label : FruitionTaxExpensesBenefitsRelatedToFiscalEquilibriumFund to label_FruitionTaxExpensesBenefitsRelatedToFiscalEquilibriumFund_1" />
    <link:label xlink:type="resource" xlink:label="label_FruitionTaxExpensesBenefitsRelatedToFiscalEquilibriumFund_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FruitionTaxExpensesBenefitsRelatedToFiscalEquilibriumFund_2" xml:lang="en-US" id="label_FruitionTaxExpensesBenefitsRelatedToFiscalEquilibriumFund_2">Fruition Tax Expenses (Benefits) Related to Fiscal Equilibrium Fund</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FruitionTaxExpensesBenefitsRelatedToFiscalEquilibriumFund" xlink:to="label_FruitionTaxExpensesBenefitsRelatedToFiscalEquilibriumFund_2" xlink:title="Label : FruitionTaxExpensesBenefitsRelatedToFiscalEquilibriumFund to label_FruitionTaxExpensesBenefitsRelatedToFiscalEquilibriumFund_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CompensationPaidToParty" xlink:label="CompensationPaidToParty" xlink:title="CompensationPaidToParty" />
    <link:label xlink:type="resource" xlink:label="label_CompensationPaidToParty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CompensationPaidToParty" xml:lang="en-US" id="label_CompensationPaidToParty">Compensation Paid To Party</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CompensationPaidToParty" xlink:to="label_CompensationPaidToParty" xlink:title="Label : CompensationPaidToParty to label_CompensationPaidToParty" />
    <link:label xlink:type="resource" xlink:label="label_CompensationPaidToParty_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CompensationPaidToParty_1" xml:lang="en-US" id="label_CompensationPaidToParty_1">Compensation amount paid</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CompensationPaidToParty" xlink:to="label_CompensationPaidToParty_1" xlink:title="Label : CompensationPaidToParty to label_CompensationPaidToParty_1" />
    <link:label xlink:type="resource" xlink:label="label_CompensationPaidToParty_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CompensationPaidToParty_2" xml:lang="en-US" id="label_CompensationPaidToParty_2">The amount of compensation paid for contingent liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CompensationPaidToParty" xlink:to="label_CompensationPaidToParty_2" xlink:title="Label : CompensationPaidToParty to label_CompensationPaidToParty_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CompensationSuitAgainstDamages" xlink:label="CompensationSuitAgainstDamages" xlink:title="CompensationSuitAgainstDamages" />
    <link:label xlink:type="resource" xlink:label="label_CompensationSuitAgainstDamages" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CompensationSuitAgainstDamages" xml:lang="en-US" id="label_CompensationSuitAgainstDamages">Compensation Suit Against Damages</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CompensationSuitAgainstDamages" xlink:to="label_CompensationSuitAgainstDamages" xlink:title="Label : CompensationSuitAgainstDamages to label_CompensationSuitAgainstDamages" />
    <link:label xlink:type="resource" xlink:label="label_CompensationSuitAgainstDamages_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CompensationSuitAgainstDamages_1" xml:lang="en-US" id="label_CompensationSuitAgainstDamages_1">Compensation suit against damages</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CompensationSuitAgainstDamages" xlink:to="label_CompensationSuitAgainstDamages_1" xlink:title="Label : CompensationSuitAgainstDamages to label_CompensationSuitAgainstDamages_1" />
    <link:label xlink:type="resource" xlink:label="label_CompensationSuitAgainstDamages_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CompensationSuitAgainstDamages_2" xml:lang="en-US" id="label_CompensationSuitAgainstDamages_2">The amount of compensation suit against damages for contingent liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CompensationSuitAgainstDamages" xlink:to="label_CompensationSuitAgainstDamages_2" xlink:title="Label : CompensationSuitAgainstDamages to label_CompensationSuitAgainstDamages_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PenaltyOnAdministrativeProceedings" xlink:label="PenaltyOnAdministrativeProceedings" xlink:title="PenaltyOnAdministrativeProceedings" />
    <link:label xlink:type="resource" xlink:label="label_PenaltyOnAdministrativeProceedings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PenaltyOnAdministrativeProceedings" xml:lang="en-US" id="label_PenaltyOnAdministrativeProceedings">Penalty On Administrative Proceedings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PenaltyOnAdministrativeProceedings" xlink:to="label_PenaltyOnAdministrativeProceedings" xlink:title="Label : PenaltyOnAdministrativeProceedings to label_PenaltyOnAdministrativeProceedings" />
    <link:label xlink:type="resource" xlink:label="label_PenaltyOnAdministrativeProceedings_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PenaltyOnAdministrativeProceedings_1" xml:lang="en-US" id="label_PenaltyOnAdministrativeProceedings_1">Penalty on administrative proceedings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PenaltyOnAdministrativeProceedings" xlink:to="label_PenaltyOnAdministrativeProceedings_1" xlink:title="Label : PenaltyOnAdministrativeProceedings to label_PenaltyOnAdministrativeProceedings_1" />
    <link:label xlink:type="resource" xlink:label="label_PenaltyOnAdministrativeProceedings_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PenaltyOnAdministrativeProceedings_2" xml:lang="en-US" id="label_PenaltyOnAdministrativeProceedings_2">The amount of penalty on administrative proceedings for contingent liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PenaltyOnAdministrativeProceedings" xlink:to="label_PenaltyOnAdministrativeProceedings_2" xlink:title="Label : PenaltyOnAdministrativeProceedings to label_PenaltyOnAdministrativeProceedings_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfLawsuitsFiledForLaborMatters" xlink:label="NumberOfLawsuitsFiledForLaborMatters" xlink:title="NumberOfLawsuitsFiledForLaborMatters" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfLawsuitsFiledForLaborMatters" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfLawsuitsFiledForLaborMatters" xml:lang="en-US" id="label_NumberOfLawsuitsFiledForLaborMatters">Number of lawsuits filed for labor matters</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfLawsuitsFiledForLaborMatters" xlink:to="label_NumberOfLawsuitsFiledForLaborMatters" xlink:title="Label : NumberOfLawsuitsFiledForLaborMatters to label_NumberOfLawsuitsFiledForLaborMatters" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfLawsuitsFiledForLaborMatters_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfLawsuitsFiledForLaborMatters_1" xml:lang="en-US" id="label_NumberOfLawsuitsFiledForLaborMatters_1">Number of lawsuits for labor matters</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfLawsuitsFiledForLaborMatters" xlink:to="label_NumberOfLawsuitsFiledForLaborMatters_1" xlink:title="Label : NumberOfLawsuitsFiledForLaborMatters to label_NumberOfLawsuitsFiledForLaborMatters_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfLawsuitsFiledForLaborMatters_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfLawsuitsFiledForLaborMatters_2" xml:lang="en-US" id="label_NumberOfLawsuitsFiledForLaborMatters_2">The number of lawsuits filed for labor matters for contingent liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfLawsuitsFiledForLaborMatters" xlink:to="label_NumberOfLawsuitsFiledForLaborMatters_2" xlink:title="Label : NumberOfLawsuitsFiledForLaborMatters to label_NumberOfLawsuitsFiledForLaborMatters_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ContingentLiabilitiesForLaborMatters" xlink:label="ContingentLiabilitiesForLaborMatters" xlink:title="ContingentLiabilitiesForLaborMatters" />
    <link:label xlink:type="resource" xlink:label="label_ContingentLiabilitiesForLaborMatters" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContingentLiabilitiesForLaborMatters" xml:lang="en-US" id="label_ContingentLiabilitiesForLaborMatters">Contingent liabilities for labor matters</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentLiabilitiesForLaborMatters" xlink:to="label_ContingentLiabilitiesForLaborMatters" xlink:title="Label : ContingentLiabilitiesForLaborMatters to label_ContingentLiabilitiesForLaborMatters" />
    <link:label xlink:type="resource" xlink:label="label_ContingentLiabilitiesForLaborMatters_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContingentLiabilitiesForLaborMatters_1" xml:lang="en-US" id="label_ContingentLiabilitiesForLaborMatters_1">Contingent liabilities for labor matters</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentLiabilitiesForLaborMatters" xlink:to="label_ContingentLiabilitiesForLaborMatters_1" xlink:title="Label : ContingentLiabilitiesForLaborMatters to label_ContingentLiabilitiesForLaborMatters_1" />
    <link:label xlink:type="resource" xlink:label="label_ContingentLiabilitiesForLaborMatters_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ContingentLiabilitiesForLaborMatters_2" xml:lang="en-US" id="label_ContingentLiabilitiesForLaborMatters_2">The amount of contingent liabilities for labor matters.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentLiabilitiesForLaborMatters" xlink:to="label_ContingentLiabilitiesForLaborMatters_2" xlink:title="Label : ContingentLiabilitiesForLaborMatters to label_ContingentLiabilitiesForLaborMatters_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ContingentLiabilitiesNotRecognizedToLawsuit" xlink:label="ContingentLiabilitiesNotRecognizedToLawsuit" xlink:title="ContingentLiabilitiesNotRecognizedToLawsuit" />
    <link:label xlink:type="resource" xlink:label="label_ContingentLiabilitiesNotRecognizedToLawsuit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContingentLiabilitiesNotRecognizedToLawsuit" xml:lang="en-US" id="label_ContingentLiabilitiesNotRecognizedToLawsuit">Contingent liabilities not recognized to lawsuit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentLiabilitiesNotRecognizedToLawsuit" xlink:to="label_ContingentLiabilitiesNotRecognizedToLawsuit" xlink:title="Label : ContingentLiabilitiesNotRecognizedToLawsuit to label_ContingentLiabilitiesNotRecognizedToLawsuit" />
    <link:label xlink:type="resource" xlink:label="label_ContingentLiabilitiesNotRecognizedToLawsuit_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContingentLiabilitiesNotRecognizedToLawsuit_1" xml:lang="en-US" id="label_ContingentLiabilitiesNotRecognizedToLawsuit_1">Contingent liabilities not recognized to lawsuits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentLiabilitiesNotRecognizedToLawsuit" xlink:to="label_ContingentLiabilitiesNotRecognizedToLawsuit_1" xlink:title="Label : ContingentLiabilitiesNotRecognizedToLawsuit to label_ContingentLiabilitiesNotRecognizedToLawsuit_1" />
    <link:label xlink:type="resource" xlink:label="label_ContingentLiabilitiesNotRecognizedToLawsuit_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ContingentLiabilitiesNotRecognizedToLawsuit_2" xml:lang="en-US" id="label_ContingentLiabilitiesNotRecognizedToLawsuit_2">The amount of contingent liabilities not recognized to lawsuit.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentLiabilitiesNotRecognizedToLawsuit" xlink:to="label_ContingentLiabilitiesNotRecognizedToLawsuit_2" xlink:title="Label : ContingentLiabilitiesNotRecognizedToLawsuit to label_ContingentLiabilitiesNotRecognizedToLawsuit_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LegalProceedingsProvision" xlink:label="LegalProceedingsProvision" xlink:title="LegalProceedingsProvision" />
    <link:label xlink:type="resource" xlink:label="label_LegalProceedingsProvision" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LegalProceedingsProvision" xml:lang="en-US" id="label_LegalProceedingsProvision">Liability provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LegalProceedingsProvision" xlink:to="label_LegalProceedingsProvision" xlink:title="Label : LegalProceedingsProvision to label_LegalProceedingsProvision" />
    <link:label xlink:type="resource" xlink:label="label_LegalProceedingsProvision_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LegalProceedingsProvision_1" xml:lang="en-US" id="label_LegalProceedingsProvision_1">Legal proceedings provision</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LegalProceedingsProvision" xlink:to="label_LegalProceedingsProvision_1" xlink:title="Label : LegalProceedingsProvision to label_LegalProceedingsProvision_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PenaltyOnUltragaz" xlink:label="PenaltyOnUltragaz" xlink:title="PenaltyOnUltragaz" />
    <link:label xlink:type="resource" xlink:label="label_PenaltyOnUltragaz" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PenaltyOnUltragaz" xml:lang="en-US" id="label_PenaltyOnUltragaz">Penalty on ultragaz</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PenaltyOnUltragaz" xlink:to="label_PenaltyOnUltragaz" xlink:title="Label : PenaltyOnUltragaz to label_PenaltyOnUltragaz" />
    <link:label xlink:type="resource" xlink:label="label_PenaltyOnUltragaz_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PenaltyOnUltragaz_1" xml:lang="en-US" id="label_PenaltyOnUltragaz_1">Penalty on Ultragaz</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PenaltyOnUltragaz" xlink:to="label_PenaltyOnUltragaz_1" xlink:title="Label : PenaltyOnUltragaz to label_PenaltyOnUltragaz_1" />
    <link:label xlink:type="resource" xlink:label="label_PenaltyOnUltragaz_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PenaltyOnUltragaz_2" xml:lang="en-US" id="label_PenaltyOnUltragaz_2">The amount of penalty on ultragaz for contingent liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PenaltyOnUltragaz" xlink:to="label_PenaltyOnUltragaz_2" xlink:title="Label : PenaltyOnUltragaz to label_PenaltyOnUltragaz_2" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfLawsuitsFiledForCivilEnvironmentalAndRegulatoryClaims_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfLawsuitsFiledForCivilEnvironmentalAndRegulatoryClaims_1" xml:lang="en-US" id="label_NumberOfLawsuitsFiledForCivilEnvironmentalAndRegulatoryClaims_1">Number of lawsuits filed for civil, environmental and regulatory claims</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfLawsuitsFiledForCivilEnvironmentalAndRegulatoryClaims" xlink:to="label_NumberOfLawsuitsFiledForCivilEnvironmentalAndRegulatoryClaims_1" xlink:title="Label : NumberOfLawsuitsFiledForCivilEnvironmentalAndRegulatoryClaims to label_NumberOfLawsuitsFiledForCivilEnvironmentalAndRegulatoryClaims_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfLawsuitsFiledForCivilEnvironmentalAndRegulatoryClaims_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfLawsuitsFiledForCivilEnvironmentalAndRegulatoryClaims_2" xml:lang="en-US" id="label_NumberOfLawsuitsFiledForCivilEnvironmentalAndRegulatoryClaims_2">Number of lawsuits for civil, environmental and regulatory claims</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfLawsuitsFiledForCivilEnvironmentalAndRegulatoryClaims" xlink:to="label_NumberOfLawsuitsFiledForCivilEnvironmentalAndRegulatoryClaims_2" xlink:title="Label : NumberOfLawsuitsFiledForCivilEnvironmentalAndRegulatoryClaims to label_NumberOfLawsuitsFiledForCivilEnvironmentalAndRegulatoryClaims_2" />
    <link:label xlink:type="resource" xlink:label="label_ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims_1" xml:lang="en-US" id="label_ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims_1">Contingent liabilities for civil environmental and regulatory claims</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims" xlink:to="label_ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims_1" xlink:title="Label : ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims to label_ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims_1" />
    <link:label xlink:type="resource" xlink:label="label_ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims_2" xml:lang="en-US" id="label_ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims_2">Contingent liabilities for civil, environmental and regulatory claims</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims" xlink:to="label_ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims_2" xlink:title="Label : ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims to label_ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary" xlink:label="AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary" xlink:title="AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary" />
    <link:label xlink:type="resource" xlink:label="label_AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary" xml:lang="en-US" id="label_AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary">Amortization of goodwill paid on acquisition of subsidiary</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary" xlink:to="label_AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary" xlink:title="Label : AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary to label_AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary" />
    <link:label xlink:type="resource" xlink:label="label_AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary_1" xml:lang="en-US" id="label_AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary_1">Amortization of goodwill paid on acquisition of subsidiary</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary" xlink:to="label_AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary_1" xlink:title="Label : AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary to label_AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary_1" />
    <link:label xlink:type="resource" xlink:label="label_AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary_2" xml:lang="en-US" id="label_AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary_2">The amount of amortization of goodwill paid on acquisition of subsidiary for contingent liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary" xlink:to="label_AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary_2" xlink:title="Label : AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary to label_AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OffsetClaimsAndCreditDisallowances" xlink:label="OffsetClaimsAndCreditDisallowances" xlink:title="OffsetClaimsAndCreditDisallowances" />
    <link:label xlink:type="resource" xlink:label="label_OffsetClaimsAndCreditDisallowances" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OffsetClaimsAndCreditDisallowances" xml:lang="en-US" id="label_OffsetClaimsAndCreditDisallowances">The amount of offset claims and credit disallowances.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffsetClaimsAndCreditDisallowances" xlink:to="label_OffsetClaimsAndCreditDisallowances" xlink:title="Label : OffsetClaimsAndCreditDisallowances to label_OffsetClaimsAndCreditDisallowances" />
    <link:label xlink:type="resource" xlink:label="label_OffsetClaimsAndCreditDisallowances_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OffsetClaimsAndCreditDisallowances_1" xml:lang="en-US" id="label_OffsetClaimsAndCreditDisallowances_1">Offset claims and credit dis-allowances</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffsetClaimsAndCreditDisallowances" xlink:to="label_OffsetClaimsAndCreditDisallowances_1" xlink:title="Label : OffsetClaimsAndCreditDisallowances to label_OffsetClaimsAndCreditDisallowances_1" />
    <link:label xlink:type="resource" xlink:label="label_OffsetClaimsAndCreditDisallowances_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OffsetClaimsAndCreditDisallowances_2" xml:lang="en-US" id="label_OffsetClaimsAndCreditDisallowances_2">Offset claims and credit disallowances</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffsetClaimsAndCreditDisallowances" xlink:to="label_OffsetClaimsAndCreditDisallowances_2" xlink:title="Label : OffsetClaimsAndCreditDisallowances to label_OffsetClaimsAndCreditDisallowances_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ReversalOfConditionedFruitionOfFiscalIncentive" xlink:label="ReversalOfConditionedFruitionOfFiscalIncentive" xlink:title="ReversalOfConditionedFruitionOfFiscalIncentive" />
    <link:label xlink:type="resource" xlink:label="label_ReversalOfConditionedFruitionOfFiscalIncentive" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReversalOfConditionedFruitionOfFiscalIncentive" xml:lang="en-US" id="label_ReversalOfConditionedFruitionOfFiscalIncentive">Reversal of conditioned fruition of fiscal incentive</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReversalOfConditionedFruitionOfFiscalIncentive" xlink:to="label_ReversalOfConditionedFruitionOfFiscalIncentive" xlink:title="Label : ReversalOfConditionedFruitionOfFiscalIncentive to label_ReversalOfConditionedFruitionOfFiscalIncentive" />
    <link:label xlink:type="resource" xlink:label="label_ReversalOfConditionedFruitionOfFiscalIncentive_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReversalOfConditionedFruitionOfFiscalIncentive_1" xml:lang="en-US" id="label_ReversalOfConditionedFruitionOfFiscalIncentive_1">Reversal of conditioned fruition of fiscal incentive</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReversalOfConditionedFruitionOfFiscalIncentive" xlink:to="label_ReversalOfConditionedFruitionOfFiscalIncentive_1" xlink:title="Label : ReversalOfConditionedFruitionOfFiscalIncentive to label_ReversalOfConditionedFruitionOfFiscalIncentive_1" />
    <link:label xlink:type="resource" xlink:label="label_ReversalOfConditionedFruitionOfFiscalIncentive_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReversalOfConditionedFruitionOfFiscalIncentive_2" xml:lang="en-US" id="label_ReversalOfConditionedFruitionOfFiscalIncentive_2">The reversal amount of conditioned fruition of fiscal incentive for contingent liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReversalOfConditionedFruitionOfFiscalIncentive" xlink:to="label_ReversalOfConditionedFruitionOfFiscalIncentive_2" xlink:title="Label : ReversalOfConditionedFruitionOfFiscalIncentive to label_ReversalOfConditionedFruitionOfFiscalIncentive_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ReversalOfInventoryDifferences" xlink:label="ReversalOfInventoryDifferences" xlink:title="ReversalOfInventoryDifferences" />
    <link:label xlink:type="resource" xlink:label="label_ReversalOfInventoryDifferences" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReversalOfInventoryDifferences" xml:lang="en-US" id="label_ReversalOfInventoryDifferences">Reversal of inventory differences</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReversalOfInventoryDifferences" xlink:to="label_ReversalOfInventoryDifferences" xlink:title="Label : ReversalOfInventoryDifferences to label_ReversalOfInventoryDifferences" />
    <link:label xlink:type="resource" xlink:label="label_ReversalOfInventoryDifferences_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReversalOfInventoryDifferences_1" xml:lang="en-US" id="label_ReversalOfInventoryDifferences_1">Reversal of inventory differences</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReversalOfInventoryDifferences" xlink:to="label_ReversalOfInventoryDifferences_1" xlink:title="Label : ReversalOfInventoryDifferences to label_ReversalOfInventoryDifferences_1" />
    <link:label xlink:type="resource" xlink:label="label_ReversalOfInventoryDifferences_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReversalOfInventoryDifferences_2" xml:lang="en-US" id="label_ReversalOfInventoryDifferences_2">The reversal amount of inventory differences for contingent liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReversalOfInventoryDifferences" xlink:to="label_ReversalOfInventoryDifferences_2" xlink:title="Label : ReversalOfInventoryDifferences to label_ReversalOfInventoryDifferences_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ReversalOfAllegedNonpayment" xlink:label="ReversalOfAllegedNonpayment" xlink:title="ReversalOfAllegedNonpayment" />
    <link:label xlink:type="resource" xlink:label="label_ReversalOfAllegedNonpayment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReversalOfAllegedNonpayment" xml:lang="en-US" id="label_ReversalOfAllegedNonpayment">The reversal amount of alleged non-payment for contingent liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReversalOfAllegedNonpayment" xlink:to="label_ReversalOfAllegedNonpayment" xlink:title="Label : ReversalOfAllegedNonpayment to label_ReversalOfAllegedNonpayment" />
    <link:label xlink:type="resource" xlink:label="label_ReversalOfAllegedNonpayment_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReversalOfAllegedNonpayment_1" xml:lang="en-US" id="label_ReversalOfAllegedNonpayment_1">Reversal of alleged non-payment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReversalOfAllegedNonpayment" xlink:to="label_ReversalOfAllegedNonpayment_1" xlink:title="Label : ReversalOfAllegedNonpayment to label_ReversalOfAllegedNonpayment_1" />
    <link:label xlink:type="resource" xlink:label="label_ReversalOfAllegedNonpayment_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReversalOfAllegedNonpayment_2" xml:lang="en-US" id="label_ReversalOfAllegedNonpayment_2">Reversal of Alleged Nonpayment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReversalOfAllegedNonpayment" xlink:to="label_ReversalOfAllegedNonpayment_2" xlink:title="Label : ReversalOfAllegedNonpayment to label_ReversalOfAllegedNonpayment_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ReversalOfICMSCredits" xlink:label="ReversalOfICMSCredits" xlink:title="ReversalOfICMSCredits" />
    <link:label xlink:type="resource" xlink:label="label_ReversalOfICMSCredits" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReversalOfICMSCredits" xml:lang="en-US" id="label_ReversalOfICMSCredits">The reversal amount of ICMS credits for contingent liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReversalOfICMSCredits" xlink:to="label_ReversalOfICMSCredits" xlink:title="Label : ReversalOfICMSCredits to label_ReversalOfICMSCredits" />
    <link:label xlink:type="resource" xlink:label="label_ReversalOfICMSCredits_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReversalOfICMSCredits_1" xml:lang="en-US" id="label_ReversalOfICMSCredits_1">Reversal of ICMS credits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReversalOfICMSCredits" xlink:to="label_ReversalOfICMSCredits_1" xlink:title="Label : ReversalOfICMSCredits to label_ReversalOfICMSCredits_1" />
    <link:label xlink:type="resource" xlink:label="label_ReversalOfICMSCredits_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReversalOfICMSCredits_2" xml:lang="en-US" id="label_ReversalOfICMSCredits_2">Reversal of I C M S Credits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReversalOfICMSCredits" xlink:to="label_ReversalOfICMSCredits_2" xlink:title="Label : ReversalOfICMSCredits to label_ReversalOfICMSCredits_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IcmsCredits" xlink:label="IcmsCredits" xlink:title="IcmsCredits" />
    <link:label xlink:type="resource" xlink:label="label_IcmsCredits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IcmsCredits" xml:lang="en-US" id="label_IcmsCredits">Icms credits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IcmsCredits" xlink:to="label_IcmsCredits" xlink:title="Label : IcmsCredits to label_IcmsCredits" />
    <link:label xlink:type="resource" xlink:label="label_IcmsCredits_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IcmsCredits_1" xml:lang="en-US" id="label_IcmsCredits_1">ICMS credits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IcmsCredits" xlink:to="label_IcmsCredits_1" xlink:title="Label : IcmsCredits to label_IcmsCredits_1" />
    <link:label xlink:type="resource" xlink:label="label_IcmsCredits_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IcmsCredits_2" xml:lang="en-US" id="label_IcmsCredits_2">The amount of Icms credits for contingent liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IcmsCredits" xlink:to="label_IcmsCredits_2" xlink:title="Label : IcmsCredits to label_IcmsCredits_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LegalProceedingsRelatedToIcms" xlink:label="LegalProceedingsRelatedToIcms" xlink:title="LegalProceedingsRelatedToIcms" />
    <link:label xlink:type="resource" xlink:label="label_LegalProceedingsRelatedToIcms" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LegalProceedingsRelatedToIcms" xml:lang="en-US" id="label_LegalProceedingsRelatedToIcms">Legal Proceedings Related to Icms</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LegalProceedingsRelatedToIcms" xlink:to="label_LegalProceedingsRelatedToIcms" xlink:title="Label : LegalProceedingsRelatedToIcms to label_LegalProceedingsRelatedToIcms" />
    <link:label xlink:type="resource" xlink:label="label_LegalProceedingsRelatedToIcms_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LegalProceedingsRelatedToIcms_1" xml:lang="en-US" id="label_LegalProceedingsRelatedToIcms_1">Legal Proceedings Related To Icms</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LegalProceedingsRelatedToIcms" xlink:to="label_LegalProceedingsRelatedToIcms_1" xlink:title="Label : LegalProceedingsRelatedToIcms to label_LegalProceedingsRelatedToIcms_1" />
    <link:label xlink:type="resource" xlink:label="label_LegalProceedingsRelatedToIcms_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LegalProceedingsRelatedToIcms_2" xml:lang="en-US" id="label_LegalProceedingsRelatedToIcms_2">The amount of legal proceedings related to Icms for contingent liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LegalProceedingsRelatedToIcms" xlink:to="label_LegalProceedingsRelatedToIcms_2" xlink:title="Label : LegalProceedingsRelatedToIcms to label_LegalProceedingsRelatedToIcms_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IpiContingency" xlink:label="IpiContingency" xlink:title="IpiContingency" />
    <link:label xlink:type="resource" xlink:label="label_IpiContingency" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IpiContingency" xml:lang="en-US" id="label_IpiContingency">Ipi Contingency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpiContingency" xlink:to="label_IpiContingency" xlink:title="Label : IpiContingency to label_IpiContingency" />
    <link:label xlink:type="resource" xlink:label="label_IpiContingency_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IpiContingency_1" xml:lang="en-US" id="label_IpiContingency_1">IPIContingency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpiContingency" xlink:to="label_IpiContingency_1" xlink:title="Label : IpiContingency to label_IpiContingency_1" />
    <link:label xlink:type="resource" xlink:label="label_IpiContingency_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IpiContingency_2" xml:lang="en-US" id="label_IpiContingency_2">The amount of IPI contingency.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpiContingency" xlink:to="label_IpiContingency_2" xlink:title="Label : IpiContingency to label_IpiContingency_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ContingentLiabilitiesForTaxMattersAndSocialSecurity" xlink:label="ContingentLiabilitiesForTaxMattersAndSocialSecurity" xlink:title="ContingentLiabilitiesForTaxMattersAndSocialSecurity" />
    <link:label xlink:type="resource" xlink:label="label_ContingentLiabilitiesForTaxMattersAndSocialSecurity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContingentLiabilitiesForTaxMattersAndSocialSecurity" xml:lang="en-US" id="label_ContingentLiabilitiesForTaxMattersAndSocialSecurity">Contingent liabilities for tax matters and social security</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentLiabilitiesForTaxMattersAndSocialSecurity" xlink:to="label_ContingentLiabilitiesForTaxMattersAndSocialSecurity" xlink:title="Label : ContingentLiabilitiesForTaxMattersAndSocialSecurity to label_ContingentLiabilitiesForTaxMattersAndSocialSecurity" />
    <link:label xlink:type="resource" xlink:label="label_ContingentLiabilitiesForTaxMattersAndSocialSecurity_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContingentLiabilitiesForTaxMattersAndSocialSecurity_1" xml:lang="en-US" id="label_ContingentLiabilitiesForTaxMattersAndSocialSecurity_1">Contingent liabilities for tax matters and social security</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentLiabilitiesForTaxMattersAndSocialSecurity" xlink:to="label_ContingentLiabilitiesForTaxMattersAndSocialSecurity_1" xlink:title="Label : ContingentLiabilitiesForTaxMattersAndSocialSecurity to label_ContingentLiabilitiesForTaxMattersAndSocialSecurity_1" />
    <link:label xlink:type="resource" xlink:label="label_ContingentLiabilitiesForTaxMattersAndSocialSecurity_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ContingentLiabilitiesForTaxMattersAndSocialSecurity_2" xml:lang="en-US" id="label_ContingentLiabilitiesForTaxMattersAndSocialSecurity_2">The amount of contingent liabilities for tax matters and social security.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentLiabilitiesForTaxMattersAndSocialSecurity" xlink:to="label_ContingentLiabilitiesForTaxMattersAndSocialSecurity_2" xlink:title="Label : ContingentLiabilitiesForTaxMattersAndSocialSecurity to label_ContingentLiabilitiesForTaxMattersAndSocialSecurity_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PercentageOfPossibleLossContingency" xlink:label="PercentageOfPossibleLossContingency" xlink:title="PercentageOfPossibleLossContingency" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfPossibleLossContingency" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PercentageOfPossibleLossContingency" xml:lang="en-US" id="label_PercentageOfPossibleLossContingency">Percentage of possible loss contingency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfPossibleLossContingency" xlink:to="label_PercentageOfPossibleLossContingency" xlink:title="Label : PercentageOfPossibleLossContingency to label_PercentageOfPossibleLossContingency" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfPossibleLossContingency_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentageOfPossibleLossContingency_1" xml:lang="en-US" id="label_PercentageOfPossibleLossContingency_1">Percentage of possible loss contingency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfPossibleLossContingency" xlink:to="label_PercentageOfPossibleLossContingency_1" xlink:title="Label : PercentageOfPossibleLossContingency to label_PercentageOfPossibleLossContingency_1" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfPossibleLossContingency_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PercentageOfPossibleLossContingency_2" xml:lang="en-US" id="label_PercentageOfPossibleLossContingency_2">The percentage of possible loss contingency for contingent liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfPossibleLossContingency" xlink:to="label_PercentageOfPossibleLossContingency_2" xlink:title="Label : PercentageOfPossibleLossContingency to label_PercentageOfPossibleLossContingency_2" />
    <link:label xlink:type="resource" xlink:label="label_PossibleContingency_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PossibleContingency_1" xml:lang="en-US" id="label_PossibleContingency_1">The amount of possible loss contingency for contingent liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PossibleContingency" xlink:to="label_PossibleContingency_1" xlink:title="Label : PossibleContingency to label_PossibleContingency_1" />
    <link:label xlink:type="resource" xlink:label="label_PossibleContingency_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PossibleContingency_2" xml:lang="en-US" id="label_PossibleContingency_2">Possible contingency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PossibleContingency" xlink:to="label_PossibleContingency_2" xlink:title="Label : PossibleContingency to label_PossibleContingency_2" />
    <link:label xlink:type="resource" xlink:label="label_PossibleContingency_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PossibleContingency_3" xml:lang="en-US" id="label_PossibleContingency_3">Possible contingency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PossibleContingency" xlink:to="label_PossibleContingency_3" xlink:title="Label : PossibleContingency to label_PossibleContingency_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ProvisionsForLaborLitigationFiledByFormerEmployees" xlink:label="ProvisionsForLaborLitigationFiledByFormerEmployees" xlink:title="ProvisionsForLaborLitigationFiledByFormerEmployees" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionsForLaborLitigationFiledByFormerEmployees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProvisionsForLaborLitigationFiledByFormerEmployees" xml:lang="en-US" id="label_ProvisionsForLaborLitigationFiledByFormerEmployees">Provisions for labor litigation filed by former employees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionsForLaborLitigationFiledByFormerEmployees" xlink:to="label_ProvisionsForLaborLitigationFiledByFormerEmployees" xlink:title="Label : ProvisionsForLaborLitigationFiledByFormerEmployees to label_ProvisionsForLaborLitigationFiledByFormerEmployees" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionsForLaborLitigationFiledByFormerEmployees_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProvisionsForLaborLitigationFiledByFormerEmployees_1" xml:lang="en-US" id="label_ProvisionsForLaborLitigationFiledByFormerEmployees_1">Provisions for labor litigation filed by former employees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionsForLaborLitigationFiledByFormerEmployees" xlink:to="label_ProvisionsForLaborLitigationFiledByFormerEmployees_1" xlink:title="Label : ProvisionsForLaborLitigationFiledByFormerEmployees to label_ProvisionsForLaborLitigationFiledByFormerEmployees_1" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionsForLaborLitigationFiledByFormerEmployees_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProvisionsForLaborLitigationFiledByFormerEmployees_2" xml:lang="en-US" id="label_ProvisionsForLaborLitigationFiledByFormerEmployees_2">The amount of provisions for labor litigation filed by former employees.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionsForLaborLitigationFiledByFormerEmployees" xlink:to="label_ProvisionsForLaborLitigationFiledByFormerEmployees_2" xlink:title="Label : ProvisionsForLaborLitigationFiledByFormerEmployees to label_ProvisionsForLaborLitigationFiledByFormerEmployees_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ProvisionsForLawsuitsAndAdministrativeProceedings" xlink:label="ProvisionsForLawsuitsAndAdministrativeProceedings" xlink:title="ProvisionsForLawsuitsAndAdministrativeProceedings" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionsForLawsuitsAndAdministrativeProceedings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProvisionsForLawsuitsAndAdministrativeProceedings" xml:lang="en-US" id="label_ProvisionsForLawsuitsAndAdministrativeProceedings">Provisions for lawsuits and administrative proceedings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionsForLawsuitsAndAdministrativeProceedings" xlink:to="label_ProvisionsForLawsuitsAndAdministrativeProceedings" xlink:title="Label : ProvisionsForLawsuitsAndAdministrativeProceedings to label_ProvisionsForLawsuitsAndAdministrativeProceedings" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionsForLawsuitsAndAdministrativeProceedings_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProvisionsForLawsuitsAndAdministrativeProceedings_1" xml:lang="en-US" id="label_ProvisionsForLawsuitsAndAdministrativeProceedings_1">Provisions for lawsuits and administrative proceedings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionsForLawsuitsAndAdministrativeProceedings" xlink:to="label_ProvisionsForLawsuitsAndAdministrativeProceedings_1" xlink:title="Label : ProvisionsForLawsuitsAndAdministrativeProceedings to label_ProvisionsForLawsuitsAndAdministrativeProceedings_1" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionsForLawsuitsAndAdministrativeProceedings_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProvisionsForLawsuitsAndAdministrativeProceedings_2" xml:lang="en-US" id="label_ProvisionsForLawsuitsAndAdministrativeProceedings_2">The amount of provisions for lawsuits and administrative proceedings.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionsForLawsuitsAndAdministrativeProceedings" xlink:to="label_ProvisionsForLawsuitsAndAdministrativeProceedings_2" xlink:title="Label : ProvisionsForLawsuitsAndAdministrativeProceedings to label_ProvisionsForLawsuitsAndAdministrativeProceedings_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_EscrowDepositsMadeUnderPreLiminaryInjunction" xlink:label="EscrowDepositsMadeUnderPreLiminaryInjunction" xlink:title="EscrowDepositsMadeUnderPreLiminaryInjunction" />
    <link:label xlink:type="resource" xlink:label="label_EscrowDepositsMadeUnderPreLiminaryInjunction" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EscrowDepositsMadeUnderPreLiminaryInjunction" xml:lang="en-US" id="label_EscrowDepositsMadeUnderPreLiminaryInjunction">Escrow deposits made under pre liminary injunction</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EscrowDepositsMadeUnderPreLiminaryInjunction" xlink:to="label_EscrowDepositsMadeUnderPreLiminaryInjunction" xlink:title="Label : EscrowDepositsMadeUnderPreLiminaryInjunction to label_EscrowDepositsMadeUnderPreLiminaryInjunction" />
    <link:label xlink:type="resource" xlink:label="label_EscrowDepositsMadeUnderPreLiminaryInjunction_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EscrowDepositsMadeUnderPreLiminaryInjunction_1" xml:lang="en-US" id="label_EscrowDepositsMadeUnderPreLiminaryInjunction_1">Escrow deposits made under preliminary injunction</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EscrowDepositsMadeUnderPreLiminaryInjunction" xlink:to="label_EscrowDepositsMadeUnderPreLiminaryInjunction_1" xlink:title="Label : EscrowDepositsMadeUnderPreLiminaryInjunction to label_EscrowDepositsMadeUnderPreLiminaryInjunction_1" />
    <link:label xlink:type="resource" xlink:label="label_EscrowDepositsMadeUnderPreLiminaryInjunction_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EscrowDepositsMadeUnderPreLiminaryInjunction_2" xml:lang="en-US" id="label_EscrowDepositsMadeUnderPreLiminaryInjunction_2">The amount of escrow deposits made under preliminary injunction.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EscrowDepositsMadeUnderPreLiminaryInjunction" xlink:to="label_EscrowDepositsMadeUnderPreLiminaryInjunction_2" xlink:title="Label : EscrowDepositsMadeUnderPreLiminaryInjunction to label_EscrowDepositsMadeUnderPreLiminaryInjunction_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfContingentLiabilitiesLineItems" xlink:label="DisclosureOfContingentLiabilitiesLineItems" xlink:title="DisclosureOfContingentLiabilitiesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfContingentLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfContingentLiabilitiesLineItems" xml:lang="en-US" id="label_DisclosureOfContingentLiabilitiesLineItems">Disclosure of contingent liabilities [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfContingentLiabilitiesLineItems" xlink:to="label_DisclosureOfContingentLiabilitiesLineItems" xlink:title="Label : DisclosureOfContingentLiabilitiesLineItems to label_DisclosureOfContingentLiabilitiesLineItems" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ReceivablesInvestmentFundMember" xlink:label="ReceivablesInvestmentFundMember" xlink:title="ReceivablesInvestmentFundMember" />
    <link:label xlink:type="resource" xlink:label="label_ReceivablesInvestmentFundMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReceivablesInvestmentFundMember" xml:lang="en-US" id="label_ReceivablesInvestmentFundMember">Receivables Investment Fund (&#x201C;FIDC&#x201D;)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReceivablesInvestmentFundMember" xlink:to="label_ReceivablesInvestmentFundMember" xlink:title="Label : ReceivablesInvestmentFundMember to label_ReceivablesInvestmentFundMember" />
    <link:label xlink:type="resource" xlink:label="label_ReceivablesInvestmentFundMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReceivablesInvestmentFundMember_1" xml:lang="en-US" id="label_ReceivablesInvestmentFundMember_1">This member stands for the information pertaining to "Receivables Investment Fund (&#x201C;FIDC&#x201D;)".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReceivablesInvestmentFundMember" xlink:to="label_ReceivablesInvestmentFundMember_1" xlink:title="Label : ReceivablesInvestmentFundMember to label_ReceivablesInvestmentFundMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ReceivablesInvestmentFundMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReceivablesInvestmentFundMember_2" xml:lang="en-US" id="label_ReceivablesInvestmentFundMember_2">Receivables Investment Fund [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReceivablesInvestmentFundMember" xlink:to="label_ReceivablesInvestmentFundMember_2" xlink:title="Label : ReceivablesInvestmentFundMember to label_ReceivablesInvestmentFundMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FisheriesManagementProjectMember" xlink:label="FisheriesManagementProjectMember" xlink:title="FisheriesManagementProjectMember" />
    <link:label xlink:type="resource" xlink:label="label_FisheriesManagementProjectMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FisheriesManagementProjectMember" xml:lang="en-US" id="label_FisheriesManagementProjectMember">Fisheries Management Project [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FisheriesManagementProjectMember" xlink:to="label_FisheriesManagementProjectMember" xlink:title="Label : FisheriesManagementProjectMember to label_FisheriesManagementProjectMember" />
    <link:label xlink:type="resource" xlink:label="label_FisheriesManagementProjectMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FisheriesManagementProjectMember_1" xml:lang="en-US" id="label_FisheriesManagementProjectMember_1">Fisheries management project [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FisheriesManagementProjectMember" xlink:to="label_FisheriesManagementProjectMember_1" xlink:title="Label : FisheriesManagementProjectMember to label_FisheriesManagementProjectMember_1" />
    <link:label xlink:type="resource" xlink:label="label_FisheriesManagementProjectMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FisheriesManagementProjectMember_2" xml:lang="en-US" id="label_FisheriesManagementProjectMember_2">This member stands for the information pertaining to Fisheries Management Project.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FisheriesManagementProjectMember" xlink:to="label_FisheriesManagementProjectMember_2" xlink:title="Label : FisheriesManagementProjectMember to label_FisheriesManagementProjectMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SubsidiaryIPPMember" xlink:label="SubsidiaryIPPMember" xlink:title="SubsidiaryIPPMember" />
    <link:label xlink:type="resource" xlink:label="label_SubsidiaryIPPMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SubsidiaryIPPMember" xml:lang="en-US" id="label_SubsidiaryIPPMember">This member stands for the information pertaining to Subsidiary IPP.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsidiaryIPPMember" xlink:to="label_SubsidiaryIPPMember" xlink:title="Label : SubsidiaryIPPMember to label_SubsidiaryIPPMember" />
    <link:label xlink:type="resource" xlink:label="label_SubsidiaryIPPMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SubsidiaryIPPMember_1" xml:lang="en-US" id="label_SubsidiaryIPPMember_1">Subsidiary IPP [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsidiaryIPPMember" xlink:to="label_SubsidiaryIPPMember_1" xlink:title="Label : SubsidiaryIPPMember to label_SubsidiaryIPPMember_1" />
    <link:label xlink:type="resource" xlink:label="label_SubsidiaryIPPMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubsidiaryIPPMember_2" xml:lang="en-US" id="label_SubsidiaryIPPMember_2">Subsidiary I P P [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsidiaryIPPMember" xlink:to="label_SubsidiaryIPPMember_2" xlink:title="Label : SubsidiaryIPPMember to label_SubsidiaryIPPMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ChevronAndSubsidiaryIPPMember" xlink:label="ChevronAndSubsidiaryIPPMember" xlink:title="ChevronAndSubsidiaryIPPMember" />
    <link:label xlink:type="resource" xlink:label="label_ChevronAndSubsidiaryIPPMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ChevronAndSubsidiaryIPPMember" xml:lang="en-US" id="label_ChevronAndSubsidiaryIPPMember">This member stands for the information pertaining to Chevron and subsidiary IPP.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronAndSubsidiaryIPPMember" xlink:to="label_ChevronAndSubsidiaryIPPMember" xlink:title="Label : ChevronAndSubsidiaryIPPMember to label_ChevronAndSubsidiaryIPPMember" />
    <link:label xlink:type="resource" xlink:label="label_ChevronAndSubsidiaryIPPMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ChevronAndSubsidiaryIPPMember_1" xml:lang="en-US" id="label_ChevronAndSubsidiaryIPPMember_1">Chevron and subsidiary IPP [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronAndSubsidiaryIPPMember" xlink:to="label_ChevronAndSubsidiaryIPPMember_1" xlink:title="Label : ChevronAndSubsidiaryIPPMember to label_ChevronAndSubsidiaryIPPMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ChevronAndSubsidiaryIPPMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChevronAndSubsidiaryIPPMember_2" xml:lang="en-US" id="label_ChevronAndSubsidiaryIPPMember_2">Chevron and Subsidiary I P P [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronAndSubsidiaryIPPMember" xlink:to="label_ChevronAndSubsidiaryIPPMember_2" xlink:title="Label : ChevronAndSubsidiaryIPPMember to label_ChevronAndSubsidiaryIPPMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TwoFormerEmployeesEachMember" xlink:label="TwoFormerEmployeesEachMember" xlink:title="TwoFormerEmployeesEachMember" />
    <link:label xlink:type="resource" xlink:label="label_TwoFormerEmployeesEachMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TwoFormerEmployeesEachMember" xml:lang="en-US" id="label_TwoFormerEmployeesEachMember">Two former employees, each [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwoFormerEmployeesEachMember" xlink:to="label_TwoFormerEmployeesEachMember" xlink:title="Label : TwoFormerEmployeesEachMember to label_TwoFormerEmployeesEachMember" />
    <link:label xlink:type="resource" xlink:label="label_TwoFormerEmployeesEachMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TwoFormerEmployeesEachMember_1" xml:lang="en-US" id="label_TwoFormerEmployeesEachMember_1">Two former employees, each [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwoFormerEmployeesEachMember" xlink:to="label_TwoFormerEmployeesEachMember_1" xlink:title="Label : TwoFormerEmployeesEachMember to label_TwoFormerEmployeesEachMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TwoFormerEmployeesEachMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TwoFormerEmployeesEachMember_2" xml:lang="en-US" id="label_TwoFormerEmployeesEachMember_2">This member stands for the information pertaining to two former employees.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwoFormerEmployeesEachMember" xlink:to="label_TwoFormerEmployeesEachMember_2" xlink:title="Label : TwoFormerEmployeesEachMember to label_TwoFormerEmployeesEachMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ThreeEmployeesAndOneFormerEmployeeMember" xlink:label="ThreeEmployeesAndOneFormerEmployeeMember" xlink:title="ThreeEmployeesAndOneFormerEmployeeMember" />
    <link:label xlink:type="resource" xlink:label="label_ThreeEmployeesAndOneFormerEmployeeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ThreeEmployeesAndOneFormerEmployeeMember" xml:lang="en-US" id="label_ThreeEmployeesAndOneFormerEmployeeMember">Three employees and one former employee [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThreeEmployeesAndOneFormerEmployeeMember" xlink:to="label_ThreeEmployeesAndOneFormerEmployeeMember" xlink:title="Label : ThreeEmployeesAndOneFormerEmployeeMember to label_ThreeEmployeesAndOneFormerEmployeeMember" />
    <link:label xlink:type="resource" xlink:label="label_ThreeEmployeesAndOneFormerEmployeeMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ThreeEmployeesAndOneFormerEmployeeMember_1" xml:lang="en-US" id="label_ThreeEmployeesAndOneFormerEmployeeMember_1">Three employees and one former employee [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThreeEmployeesAndOneFormerEmployeeMember" xlink:to="label_ThreeEmployeesAndOneFormerEmployeeMember_1" xlink:title="Label : ThreeEmployeesAndOneFormerEmployeeMember to label_ThreeEmployeesAndOneFormerEmployeeMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ThreeEmployeesAndOneFormerEmployeeMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ThreeEmployeesAndOneFormerEmployeeMember_2" xml:lang="en-US" id="label_ThreeEmployeesAndOneFormerEmployeeMember_2">This member stands for the information pertaining to three employees and one former employee.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThreeEmployeesAndOneFormerEmployeeMember" xlink:to="label_ThreeEmployeesAndOneFormerEmployeeMember_2" xlink:title="Label : ThreeEmployeesAndOneFormerEmployeeMember to label_ThreeEmployeesAndOneFormerEmployeeMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CiaUltragazAndBahianaMember" xlink:label="CiaUltragazAndBahianaMember" xlink:title="CiaUltragazAndBahianaMember" />
    <link:label xlink:type="resource" xlink:label="label_CiaUltragazAndBahianaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CiaUltragazAndBahianaMember" xml:lang="en-US" id="label_CiaUltragazAndBahianaMember">Cia. Ultragaz and Bahiana [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CiaUltragazAndBahianaMember" xlink:to="label_CiaUltragazAndBahianaMember" xlink:title="Label : CiaUltragazAndBahianaMember to label_CiaUltragazAndBahianaMember" />
    <link:label xlink:type="resource" xlink:label="label_CiaUltragazAndBahianaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CiaUltragazAndBahianaMember_1" xml:lang="en-US" id="label_CiaUltragazAndBahianaMember_1">Cia. Ultragaz and Bahiana [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CiaUltragazAndBahianaMember" xlink:to="label_CiaUltragazAndBahianaMember_1" xlink:title="Label : CiaUltragazAndBahianaMember to label_CiaUltragazAndBahianaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_CiaUltragazAndBahianaMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CiaUltragazAndBahianaMember_2" xml:lang="en-US" id="label_CiaUltragazAndBahianaMember_2">This member stands for the information pertaining to Cia. Ultragaz and Bahiana.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CiaUltragazAndBahianaMember" xlink:to="label_CiaUltragazAndBahianaMember_2" xlink:title="Label : CiaUltragazAndBahianaMember to label_CiaUltragazAndBahianaMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfContingentLiabilitiesTable" xlink:label="DisclosureOfContingentLiabilitiesTable" xlink:title="DisclosureOfContingentLiabilitiesTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfContingentLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfContingentLiabilitiesTable" xml:lang="en-US" id="label_DisclosureOfContingentLiabilitiesTable">Disclosure of contingent liabilities [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfContingentLiabilitiesTable" xlink:to="label_DisclosureOfContingentLiabilitiesTable" xlink:title="Label : DisclosureOfContingentLiabilitiesTable to label_DisclosureOfContingentLiabilitiesTable" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TaxMattersMember" xlink:label="TaxMattersMember" xlink:title="TaxMattersMember" />
    <link:label xlink:type="resource" xlink:label="label_TaxMattersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaxMattersMember" xml:lang="en-US" id="label_TaxMattersMember">Tax matters [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxMattersMember" xlink:to="label_TaxMattersMember" xlink:title="Label : TaxMattersMember to label_TaxMattersMember" />
    <link:label xlink:type="resource" xlink:label="label_TaxMattersMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TaxMattersMember_1" xml:lang="en-US" id="label_TaxMattersMember_1">Tax [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxMattersMember" xlink:to="label_TaxMattersMember_1" xlink:title="Label : TaxMattersMember to label_TaxMattersMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TaxMattersMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TaxMattersMember_2" xml:lang="en-US" id="label_TaxMattersMember_2">This member stands for the information pertaining to tax matters.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxMattersMember" xlink:to="label_TaxMattersMember_2" xlink:title="Label : TaxMattersMember to label_TaxMattersMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions" xlink:label="IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions" xlink:title="IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/exampleGuidance" xlink:title="label_IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions" xml:lang="en-US" id="label_IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions">The increase in other provisions resulting from the acquisition of a subsidiary.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions" xlink:to="label_IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions" xlink:title="Label : IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions to label_IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions_1" xml:lang="en-US" id="label_IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions_1">Increase Through Acquisition Of Subsidiary Other Provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions" xlink:to="label_IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions_1" xlink:title="Label : IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions to label_IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions_2" xml:lang="en-US" id="label_IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions_2">Acquisition of subsidiary</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions" xlink:to="label_IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions_2" xlink:title="Label : IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions to label_IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProvisionUsedOtherProvisions" xlink:label="ProvisionUsedOtherProvisions" xlink:title="ProvisionUsedOtherProvisions" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionUsedOtherProvisions" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ProvisionUsedOtherProvisions" xml:lang="en-US" id="label_ProvisionUsedOtherProvisions">Expenditure with tanks removed</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionUsedOtherProvisions" xlink:to="label_ProvisionUsedOtherProvisions" xlink:title="Label : ProvisionUsedOtherProvisions to label_ProvisionUsedOtherProvisions" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionUsedOtherProvisions_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProvisionUsedOtherProvisions_1" xml:lang="en-US" id="label_ProvisionUsedOtherProvisions_1">Provision used, other provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionUsedOtherProvisions" xlink:to="label_ProvisionUsedOtherProvisions_1" xlink:title="Label : ProvisionUsedOtherProvisions to label_ProvisionUsedOtherProvisions_1" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionUsedOtherProvisions_2" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_ProvisionUsedOtherProvisions_2" xml:lang="en-US" id="label_ProvisionUsedOtherProvisions_2">Payments/ write-offs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionUsedOtherProvisions" xlink:to="label_ProvisionUsedOtherProvisions_2" xlink:title="Label : ProvisionUsedOtherProvisions to label_ProvisionUsedOtherProvisions_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_UnusedProvisionReversedOtherProvisions" xlink:label="UnusedProvisionReversedOtherProvisions" xlink:title="UnusedProvisionReversedOtherProvisions" />
    <link:label xlink:type="resource" xlink:label="label_UnusedProvisionReversedOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnusedProvisionReversedOtherProvisions" xml:lang="en-US" id="label_UnusedProvisionReversedOtherProvisions">Unused provision reversed, other provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnusedProvisionReversedOtherProvisions" xlink:to="label_UnusedProvisionReversedOtherProvisions" xlink:title="Label : UnusedProvisionReversedOtherProvisions to label_UnusedProvisionReversedOtherProvisions" />
    <link:label xlink:type="resource" xlink:label="label_UnusedProvisionReversedOtherProvisions_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_UnusedProvisionReversedOtherProvisions_1" xml:lang="en-US" id="label_UnusedProvisionReversedOtherProvisions_1">Reversals (1)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnusedProvisionReversedOtherProvisions" xlink:to="label_UnusedProvisionReversedOtherProvisions_1" xlink:title="Label : UnusedProvisionReversedOtherProvisions to label_UnusedProvisionReversedOtherProvisions_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdditionalProvisionsOtherProvisions" xlink:label="AdditionalProvisionsOtherProvisions" xlink:title="AdditionalProvisionsOtherProvisions" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalProvisionsOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AdditionalProvisionsOtherProvisions" xml:lang="en-US" id="label_AdditionalProvisionsOtherProvisions">Additions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalProvisionsOtherProvisions" xlink:to="label_AdditionalProvisionsOtherProvisions" xlink:title="Label : AdditionalProvisionsOtherProvisions to label_AdditionalProvisionsOtherProvisions" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalProvisionsOtherProvisions_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionalProvisionsOtherProvisions_1" xml:lang="en-US" id="label_AdditionalProvisionsOtherProvisions_1">Additional provisions, other provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalProvisionsOtherProvisions" xlink:to="label_AdditionalProvisionsOtherProvisions_1" xlink:title="Label : AdditionalProvisionsOtherProvisions to label_AdditionalProvisionsOtherProvisions_1" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalProvisionsOtherProvisions_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdditionalProvisionsOtherProvisions_2" xml:lang="en-US" id="label_AdditionalProvisionsOtherProvisions_2">Additions (new tanks)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalProvisionsOtherProvisions" xlink:to="label_AdditionalProvisionsOtherProvisions_2" xlink:title="Label : AdditionalProvisionsOtherProvisions to label_AdditionalProvisionsOtherProvisions_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherProvisions" xlink:label="OtherProvisions" xlink:title="OtherProvisions" />
    <link:label xlink:type="resource" xlink:label="label_OtherProvisions" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_OtherProvisions" xml:lang="en-US" id="label_OtherProvisions">Ending Balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherProvisions" xlink:to="label_OtherProvisions" xlink:title="Label : OtherProvisions to label_OtherProvisions" />
    <link:label xlink:type="resource" xlink:label="label_OtherProvisions_1" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_OtherProvisions_1" xml:lang="en-US" id="label_OtherProvisions_1">Beginning balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherProvisions" xlink:to="label_OtherProvisions_1" xlink:title="Label : OtherProvisions to label_OtherProvisions_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherProvisions_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherProvisions_2" xml:lang="en-US" id="label_OtherProvisions_2">Other provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherProvisions" xlink:to="label_OtherProvisions_2" xlink:title="Label : OtherProvisions to label_OtherProvisions_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfOtherProvisionsLineItems" xlink:label="DisclosureOfOtherProvisionsLineItems" xlink:title="DisclosureOfOtherProvisionsLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOtherProvisionsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfOtherProvisionsLineItems" xml:lang="en-US" id="label_DisclosureOfOtherProvisionsLineItems">Disclosure of other provisions [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOtherProvisionsLineItems" xlink:to="label_DisclosureOfOtherProvisionsLineItems" xlink:title="Label : DisclosureOfOtherProvisionsLineItems to label_DisclosureOfOtherProvisionsLineItems" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_MiscellaneousOtherProvisionsMember" xlink:label="MiscellaneousOtherProvisionsMember" xlink:title="MiscellaneousOtherProvisionsMember" />
    <link:label xlink:type="resource" xlink:label="label_MiscellaneousOtherProvisionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MiscellaneousOtherProvisionsMember" xml:lang="en-US" id="label_MiscellaneousOtherProvisionsMember">Miscellaneous other provisions [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MiscellaneousOtherProvisionsMember" xlink:to="label_MiscellaneousOtherProvisionsMember" xlink:title="Label : MiscellaneousOtherProvisionsMember to label_MiscellaneousOtherProvisionsMember" />
    <link:label xlink:type="resource" xlink:label="label_MiscellaneousOtherProvisionsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MiscellaneousOtherProvisionsMember_1" xml:lang="en-US" id="label_MiscellaneousOtherProvisionsMember_1">Others [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MiscellaneousOtherProvisionsMember" xlink:to="label_MiscellaneousOtherProvisionsMember_1" xlink:title="Label : MiscellaneousOtherProvisionsMember to label_MiscellaneousOtherProvisionsMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ProvisionForIndemnitiesMember" xlink:label="ProvisionForIndemnitiesMember" xlink:title="ProvisionForIndemnitiesMember" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForIndemnitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProvisionForIndemnitiesMember" xml:lang="en-US" id="label_ProvisionForIndemnitiesMember">Provision for indemnities [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForIndemnitiesMember" xlink:to="label_ProvisionForIndemnitiesMember" xlink:title="Label : ProvisionForIndemnitiesMember to label_ProvisionForIndemnitiesMember" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForIndemnitiesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProvisionForIndemnitiesMember_1" xml:lang="en-US" id="label_ProvisionForIndemnitiesMember_1">This member stands for the information pertaining to "Provision for indemnities".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForIndemnitiesMember" xlink:to="label_ProvisionForIndemnitiesMember_1" xlink:title="Label : ProvisionForIndemnitiesMember to label_ProvisionForIndemnitiesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForIndemnitiesMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProvisionForIndemnitiesMember_2" xml:lang="en-US" id="label_ProvisionForIndemnitiesMember_2">Provision for indemnities [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForIndemnitiesMember" xlink:to="label_ProvisionForIndemnitiesMember_2" xlink:title="Label : ProvisionForIndemnitiesMember to label_ProvisionForIndemnitiesMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LaborLitigationMember" xlink:label="LaborLitigationMember" xlink:title="LaborLitigationMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaborLitigationMember" xlink:to="label_LaborLitigationMember" xlink:title="Label : LaborLitigationMember to label_LaborLitigationMember" />
    <link:label xlink:type="resource" xlink:label="label_LaborLitigationMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaborLitigationMember_1" xml:lang="en-US" id="label_LaborLitigationMember_1">Labor [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaborLitigationMember" xlink:to="label_LaborLitigationMember_1" xlink:title="Label : LaborLitigationMember to label_LaborLitigationMember_1" />
    <link:label xlink:type="resource" xlink:label="label_LaborLitigationMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaborLitigationMember_2" xml:lang="en-US" id="label_LaborLitigationMember_2">Labor litigation [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaborLitigationMember" xlink:to="label_LaborLitigationMember_2" xlink:title="Label : LaborLitigationMember to label_LaborLitigationMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CivilEnvironmentalAndRegulatoryClaimsMember" xlink:label="CivilEnvironmentalAndRegulatoryClaimsMember" xlink:title="CivilEnvironmentalAndRegulatoryClaimsMember" />
    <link:label xlink:type="resource" xlink:label="label_CivilEnvironmentalAndRegulatoryClaimsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CivilEnvironmentalAndRegulatoryClaimsMember" xml:lang="en-US" id="label_CivilEnvironmentalAndRegulatoryClaimsMember">Civil, environmental and regulatory claims [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CivilEnvironmentalAndRegulatoryClaimsMember" xlink:to="label_CivilEnvironmentalAndRegulatoryClaimsMember" xlink:title="Label : CivilEnvironmentalAndRegulatoryClaimsMember to label_CivilEnvironmentalAndRegulatoryClaimsMember" />
    <link:label xlink:type="resource" xlink:label="label_CivilEnvironmentalAndRegulatoryClaimsMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CivilEnvironmentalAndRegulatoryClaimsMember_1" xml:lang="en-US" id="label_CivilEnvironmentalAndRegulatoryClaimsMember_1">This member stands for a provision for civil, environmental and regulatory claims.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CivilEnvironmentalAndRegulatoryClaimsMember" xlink:to="label_CivilEnvironmentalAndRegulatoryClaimsMember_1" xlink:title="Label : CivilEnvironmentalAndRegulatoryClaimsMember to label_CivilEnvironmentalAndRegulatoryClaimsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_CivilEnvironmentalAndRegulatoryClaimsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CivilEnvironmentalAndRegulatoryClaimsMember_2" xml:lang="en-US" id="label_CivilEnvironmentalAndRegulatoryClaimsMember_2">Civil and other [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CivilEnvironmentalAndRegulatoryClaimsMember" xlink:to="label_CivilEnvironmentalAndRegulatoryClaimsMember_2" xlink:title="Label : CivilEnvironmentalAndRegulatoryClaimsMember to label_CivilEnvironmentalAndRegulatoryClaimsMember_2" />
    <link:label xlink:type="resource" xlink:label="label_CivilEnvironmentalAndRegulatoryClaimsMember_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CivilEnvironmentalAndRegulatoryClaimsMember_3" xml:lang="en-US" id="label_CivilEnvironmentalAndRegulatoryClaimsMember_3">Civil Environmental and Regulatory Claims [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CivilEnvironmentalAndRegulatoryClaimsMember" xlink:to="label_CivilEnvironmentalAndRegulatoryClaimsMember_3" xlink:title="Label : CivilEnvironmentalAndRegulatoryClaimsMember to label_CivilEnvironmentalAndRegulatoryClaimsMember_3" />
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    <link:label xlink:type="resource" xlink:label="label_IrpjAndCsllMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IrpjAndCsllMember" xml:lang="en-US" id="label_IrpjAndCsllMember">This member stands for the information pertaining to current and deferred income tax (IRPJ) and social contribution on net income tax (CSLL).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IrpjAndCsllMember" xlink:to="label_IrpjAndCsllMember" xlink:title="Label : IrpjAndCsllMember to label_IrpjAndCsllMember" />
    <link:label xlink:type="resource" xlink:label="label_IrpjAndCsllMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IrpjAndCsllMember_1" xml:lang="en-US" id="label_IrpjAndCsllMember_1">IRPJ and CSLL [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IrpjAndCsllMember" xlink:to="label_IrpjAndCsllMember_1" xlink:title="Label : IrpjAndCsllMember to label_IrpjAndCsllMember_1" />
    <link:label xlink:type="resource" xlink:label="label_IrpjAndCsllMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IrpjAndCsllMember_2" xml:lang="en-US" id="label_IrpjAndCsllMember_2">Irpj and Csll Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IrpjAndCsllMember" xlink:to="label_IrpjAndCsllMember_2" xlink:title="Label : IrpjAndCsllMember to label_IrpjAndCsllMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LegalProceedingsProvisionMember" xlink:label="LegalProceedingsProvisionMember" xlink:title="LegalProceedingsProvisionMember" />
    <link:label xlink:type="resource" xlink:label="label_LegalProceedingsProvisionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LegalProceedingsProvisionMember" xml:lang="en-US" id="label_LegalProceedingsProvisionMember">Legal proceedings provision [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LegalProceedingsProvisionMember" xlink:to="label_LegalProceedingsProvisionMember" xlink:title="Label : LegalProceedingsProvisionMember to label_LegalProceedingsProvisionMember" />
    <link:label xlink:type="resource" xlink:label="label_LegalProceedingsProvisionMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LegalProceedingsProvisionMember_1" xml:lang="en-US" id="label_LegalProceedingsProvisionMember_1">Provisions for tax, civil, and labor risks [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LegalProceedingsProvisionMember" xlink:to="label_LegalProceedingsProvisionMember_1" xlink:title="Label : LegalProceedingsProvisionMember to label_LegalProceedingsProvisionMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfOtherProvisionsDomain" xlink:label="ClassesOfOtherProvisionsDomain" xlink:title="ClassesOfOtherProvisionsDomain" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfOtherProvisionsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfOtherProvisionsDomain" xml:lang="en-US" id="label_ClassesOfOtherProvisionsDomain">Classes of other provisions [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfOtherProvisionsDomain" xlink:to="label_ClassesOfOtherProvisionsDomain" xlink:title="Label : ClassesOfOtherProvisionsDomain to label_ClassesOfOtherProvisionsDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfProvisionsAxis" xlink:label="ClassesOfProvisionsAxis" xlink:title="ClassesOfProvisionsAxis" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfProvisionsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ClassesOfProvisionsAxis" xml:lang="en-US" id="label_ClassesOfProvisionsAxis">Classes of other provisions [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfProvisionsAxis" xlink:to="label_ClassesOfProvisionsAxis" xlink:title="Label : ClassesOfProvisionsAxis to label_ClassesOfProvisionsAxis" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfProvisionsAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfProvisionsAxis_1" xml:lang="en-US" id="label_ClassesOfProvisionsAxis_1">Classes of other provisions [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfProvisionsAxis" xlink:to="label_ClassesOfProvisionsAxis_1" xlink:title="Label : ClassesOfProvisionsAxis to label_ClassesOfProvisionsAxis_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfOtherProvisionsTable" xlink:label="DisclosureOfOtherProvisionsTable" xlink:title="DisclosureOfOtherProvisionsTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOtherProvisionsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfOtherProvisionsTable" xml:lang="en-US" id="label_DisclosureOfOtherProvisionsTable">Disclosure of other provisions [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOtherProvisionsTable" xlink:to="label_DisclosureOfOtherProvisionsTable" xlink:title="Label : DisclosureOfOtherProvisionsTable to label_DisclosureOfOtherProvisionsTable" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfReasonablyPossibleIncreaseInActuarialAssumption" xlink:to="label_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption_1" xlink:title="Label : PercentageOfReasonablyPossibleIncreaseInActuarialAssumption to label_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption_1" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfReasonablyPossibleDecreaseInActuarialAssumption_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentageOfReasonablyPossibleDecreaseInActuarialAssumption_1" xml:lang="en-US" id="label_PercentageOfReasonablyPossibleDecreaseInActuarialAssumption_1">Change in assumptions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfReasonablyPossibleDecreaseInActuarialAssumption" xlink:to="label_PercentageOfReasonablyPossibleDecreaseInActuarialAssumption_1" xlink:title="Label : PercentageOfReasonablyPossibleDecreaseInActuarialAssumption to label_PercentageOfReasonablyPossibleDecreaseInActuarialAssumption_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ActuarialAssumptionOfMedicalCostTrendRatesMember" xlink:label="ActuarialAssumptionOfMedicalCostTrendRatesMember" xlink:title="ActuarialAssumptionOfMedicalCostTrendRatesMember" />
    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionOfMedicalCostTrendRatesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ActuarialAssumptionOfMedicalCostTrendRatesMember" xml:lang="en-US" id="label_ActuarialAssumptionOfMedicalCostTrendRatesMember">Actuarial assumption of medical cost trend rates [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionOfMedicalCostTrendRatesMember" xlink:to="label_ActuarialAssumptionOfMedicalCostTrendRatesMember" xlink:title="Label : ActuarialAssumptionOfMedicalCostTrendRatesMember to label_ActuarialAssumptionOfMedicalCostTrendRatesMember" />
    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionOfMedicalCostTrendRatesMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ActuarialAssumptionOfMedicalCostTrendRatesMember_1" xml:lang="en-US" id="label_ActuarialAssumptionOfMedicalCostTrendRatesMember_1">Medical services growth rate [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionOfMedicalCostTrendRatesMember" xlink:to="label_ActuarialAssumptionOfMedicalCostTrendRatesMember_1" xlink:title="Label : ActuarialAssumptionOfMedicalCostTrendRatesMember to label_ActuarialAssumptionOfMedicalCostTrendRatesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_1" xml:lang="en-US" id="label_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_1">Wage growth rate [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember" xlink:to="label_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_1" xlink:title="Label : ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember to label_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_2" xml:lang="en-US" id="label_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_2">Salary growth rate [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember" xlink:to="label_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_2" xlink:title="Label : ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember to label_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ActuarialAssumptionOfDiscountRatesMember" xlink:label="ActuarialAssumptionOfDiscountRatesMember" xlink:title="ActuarialAssumptionOfDiscountRatesMember" />
    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionOfDiscountRatesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ActuarialAssumptionOfDiscountRatesMember" xml:lang="en-US" id="label_ActuarialAssumptionOfDiscountRatesMember">Actuarial assumption of discount rates [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionOfDiscountRatesMember" xlink:to="label_ActuarialAssumptionOfDiscountRatesMember" xlink:title="Label : ActuarialAssumptionOfDiscountRatesMember to label_ActuarialAssumptionOfDiscountRatesMember" />
    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionOfDiscountRatesMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ActuarialAssumptionOfDiscountRatesMember_1" xml:lang="en-US" id="label_ActuarialAssumptionOfDiscountRatesMember_1">Discount rate [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionOfDiscountRatesMember" xlink:to="label_ActuarialAssumptionOfDiscountRatesMember_1" xlink:title="Label : ActuarialAssumptionOfDiscountRatesMember to label_ActuarialAssumptionOfDiscountRatesMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ActuarialAssumptionsDomain" xlink:label="ActuarialAssumptionsDomain" xlink:title="ActuarialAssumptionsDomain" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionsDomain" xlink:to="label_ActuarialAssumptionsDomain" xlink:title="Label : ActuarialAssumptionsDomain to label_ActuarialAssumptionsDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ActuarialAssumptionsAxis" xlink:label="ActuarialAssumptionsAxis" xlink:title="ActuarialAssumptionsAxis" />
    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ActuarialAssumptionsAxis" xml:lang="en-US" id="label_ActuarialAssumptionsAxis">Actuarial assumptions [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionsAxis" xlink:to="label_ActuarialAssumptionsAxis" xlink:title="Label : ActuarialAssumptionsAxis to label_ActuarialAssumptionsAxis" />
    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionsAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ActuarialAssumptionsAxis_1" xml:lang="en-US" id="label_ActuarialAssumptionsAxis_1">Actuarial assumptions [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionsAxis" xlink:to="label_ActuarialAssumptionsAxis_1" xlink:title="Label : ActuarialAssumptionsAxis to label_ActuarialAssumptionsAxis_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionOfAverageDiscountRateOfMedicalServices" xlink:to="label_ActuarialAssumptionOfAverageDiscountRateOfMedicalServices_2" xlink:title="Label : ActuarialAssumptionOfAverageDiscountRateOfMedicalServices to label_ActuarialAssumptionOfAverageDiscountRateOfMedicalServices_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ActuarialAssumptionOfMedicalCostTrendRates" xlink:label="ActuarialAssumptionOfMedicalCostTrendRates" xlink:title="ActuarialAssumptionOfMedicalCostTrendRates" />
    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionOfMedicalCostTrendRates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ActuarialAssumptionOfMedicalCostTrendRates" xml:lang="en-US" id="label_ActuarialAssumptionOfMedicalCostTrendRates">Medical services growth rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionOfMedicalCostTrendRates" xlink:to="label_ActuarialAssumptionOfMedicalCostTrendRates" xlink:title="Label : ActuarialAssumptionOfMedicalCostTrendRates to label_ActuarialAssumptionOfMedicalCostTrendRates" />
    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionOfMedicalCostTrendRates_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ActuarialAssumptionOfMedicalCostTrendRates_1" xml:lang="en-US" id="label_ActuarialAssumptionOfMedicalCostTrendRates_1">Actuarial assumption of medical cost trend rates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionOfMedicalCostTrendRates" xlink:to="label_ActuarialAssumptionOfMedicalCostTrendRates_1" xlink:title="Label : ActuarialAssumptionOfMedicalCostTrendRates to label_ActuarialAssumptionOfMedicalCostTrendRates_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflation" xlink:label="ActuarialAssumptionOfExpectedRatesOfInflation" xlink:title="ActuarialAssumptionOfExpectedRatesOfInflation" />
    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionOfExpectedRatesOfInflation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ActuarialAssumptionOfExpectedRatesOfInflation" xml:lang="en-US" id="label_ActuarialAssumptionOfExpectedRatesOfInflation">Actuarial assumption of expected rates of inflation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionOfExpectedRatesOfInflation" xlink:to="label_ActuarialAssumptionOfExpectedRatesOfInflation" xlink:title="Label : ActuarialAssumptionOfExpectedRatesOfInflation to label_ActuarialAssumptionOfExpectedRatesOfInflation" />
    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionOfExpectedRatesOfInflation_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ActuarialAssumptionOfExpectedRatesOfInflation_1" xml:lang="en-US" id="label_ActuarialAssumptionOfExpectedRatesOfInflation_1">Inflation rate (long term)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionOfExpectedRatesOfInflation" xlink:to="label_ActuarialAssumptionOfExpectedRatesOfInflation_1" xlink:title="Label : ActuarialAssumptionOfExpectedRatesOfInflation to label_ActuarialAssumptionOfExpectedRatesOfInflation_1" />
    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionOfExpectedRatesOfBonusIncreases_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ActuarialAssumptionOfExpectedRatesOfBonusIncreases_1" xml:lang="en-US" id="label_ActuarialAssumptionOfExpectedRatesOfBonusIncreases_1">Average projected bonus growth rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionOfExpectedRatesOfBonusIncreases" xlink:to="label_ActuarialAssumptionOfExpectedRatesOfBonusIncreases_1" xlink:title="Label : ActuarialAssumptionOfExpectedRatesOfBonusIncreases to label_ActuarialAssumptionOfExpectedRatesOfBonusIncreases_1" />
    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases_2" xml:lang="en-US" id="label_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases_2">Actuarial assumption of expected rates of salary increases</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" xlink:to="label_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases_2" xlink:title="Label : ActuarialAssumptionOfExpectedRatesOfSalaryIncreases to label_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ActuarialAssumptionOfDiscountRates" xlink:label="ActuarialAssumptionOfDiscountRates" xlink:title="ActuarialAssumptionOfDiscountRates" />
    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionOfDiscountRates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ActuarialAssumptionOfDiscountRates" xml:lang="en-US" id="label_ActuarialAssumptionOfDiscountRates">Discount rate for the actuarial obligation at present value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionOfDiscountRates" xlink:to="label_ActuarialAssumptionOfDiscountRates" xlink:title="Label : ActuarialAssumptionOfDiscountRates to label_ActuarialAssumptionOfDiscountRates" />
    <link:label xlink:type="resource" xlink:label="label_ActuarialAssumptionOfDiscountRates_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ActuarialAssumptionOfDiscountRates_1" xml:lang="en-US" id="label_ActuarialAssumptionOfDiscountRates_1">Actuarial assumption of discount rates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ActuarialAssumptionOfDiscountRates" xlink:to="label_ActuarialAssumptionOfDiscountRates_1" xlink:title="Label : ActuarialAssumptionOfDiscountRates to label_ActuarialAssumptionOfDiscountRates_1" />
    <link:label xlink:type="resource" xlink:label="label_PostemploymentBenefitExpenseDefinedBenefitPlans_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PostemploymentBenefitExpenseDefinedBenefitPlans_2" xml:lang="en-US" id="label_PostemploymentBenefitExpenseDefinedBenefitPlans_2">Expense for the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:to="label_PostemploymentBenefitExpenseDefinedBenefitPlans_2" xlink:title="Label : PostemploymentBenefitExpenseDefinedBenefitPlans to label_PostemploymentBenefitExpenseDefinedBenefitPlans_2" />
    <link:label xlink:type="resource" xlink:label="label_PostemploymentBenefitExpenseDefinedBenefitPlans_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PostemploymentBenefitExpenseDefinedBenefitPlans_3" xml:lang="en-US" id="label_PostemploymentBenefitExpenseDefinedBenefitPlans_3">Post-employment benefit expense in profit or loss, defined benefit plans</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:to="label_PostemploymentBenefitExpenseDefinedBenefitPlans_3" xlink:title="Label : PostemploymentBenefitExpenseDefinedBenefitPlans to label_PostemploymentBenefitExpenseDefinedBenefitPlans_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_EmployeeBenefitsExchangeRateFromForeignSubsidiaries" xlink:label="EmployeeBenefitsExchangeRateFromForeignSubsidiaries" xlink:title="EmployeeBenefitsExchangeRateFromForeignSubsidiaries" />
    <link:label xlink:type="resource" xlink:label="label_EmployeeBenefitsExchangeRateFromForeignSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EmployeeBenefitsExchangeRateFromForeignSubsidiaries" xml:lang="en-US" id="label_EmployeeBenefitsExchangeRateFromForeignSubsidiaries">The amount of gain (loss) on Exchange rates from post-employment benefits of foreign subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmployeeBenefitsExchangeRateFromForeignSubsidiaries" xlink:to="label_EmployeeBenefitsExchangeRateFromForeignSubsidiaries" xlink:title="Label : EmployeeBenefitsExchangeRateFromForeignSubsidiaries to label_EmployeeBenefitsExchangeRateFromForeignSubsidiaries" />
    <link:label xlink:type="resource" xlink:label="label_EmployeeBenefitsExchangeRateFromForeignSubsidiaries_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EmployeeBenefitsExchangeRateFromForeignSubsidiaries_1" xml:lang="en-US" id="label_EmployeeBenefitsExchangeRateFromForeignSubsidiaries_1">Exchange rates from post-employment benefits of foreign subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmployeeBenefitsExchangeRateFromForeignSubsidiaries" xlink:to="label_EmployeeBenefitsExchangeRateFromForeignSubsidiaries_1" xlink:title="Label : EmployeeBenefitsExchangeRateFromForeignSubsidiaries to label_EmployeeBenefitsExchangeRateFromForeignSubsidiaries_1" />
    <link:label xlink:type="resource" xlink:label="label_EmployeeBenefitsExchangeRateFromForeignSubsidiaries_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EmployeeBenefitsExchangeRateFromForeignSubsidiaries_2" xml:lang="en-US" id="label_EmployeeBenefitsExchangeRateFromForeignSubsidiaries_2">Employee benefits exchange rate from foreign subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmployeeBenefitsExchangeRateFromForeignSubsidiaries" xlink:to="label_EmployeeBenefitsExchangeRateFromForeignSubsidiaries_2" xlink:title="Label : EmployeeBenefitsExchangeRateFromForeignSubsidiaries to label_EmployeeBenefitsExchangeRateFromForeignSubsidiaries_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BenefitsPaidOrPayable" xlink:label="BenefitsPaidOrPayable" xlink:title="BenefitsPaidOrPayable" />
    <link:label xlink:type="resource" xlink:label="label_BenefitsPaidOrPayable" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_BenefitsPaidOrPayable" xml:lang="en-US" id="label_BenefitsPaidOrPayable">Benefits paid directly by the Company and its subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BenefitsPaidOrPayable" xlink:to="label_BenefitsPaidOrPayable" xlink:title="Label : BenefitsPaidOrPayable to label_BenefitsPaidOrPayable" />
    <link:label xlink:type="resource" xlink:label="label_BenefitsPaidOrPayable_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BenefitsPaidOrPayable_1" xml:lang="en-US" id="label_BenefitsPaidOrPayable_1">Benefits paid or payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BenefitsPaidOrPayable" xlink:to="label_BenefitsPaidOrPayable_1" xlink:title="Label : BenefitsPaidOrPayable to label_BenefitsPaidOrPayable_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProvisionsForEmployeeBenefits" xlink:label="ProvisionsForEmployeeBenefits" xlink:title="ProvisionsForEmployeeBenefits" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionsForEmployeeBenefits" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ProvisionsForEmployeeBenefits" xml:lang="en-US" id="label_ProvisionsForEmployeeBenefits">Total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionsForEmployeeBenefits" xlink:to="label_ProvisionsForEmployeeBenefits" xlink:title="Label : ProvisionsForEmployeeBenefits to label_ProvisionsForEmployeeBenefits" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionsForEmployeeBenefits_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProvisionsForEmployeeBenefits_1" xml:lang="en-US" id="label_ProvisionsForEmployeeBenefits_1">Provisions for employee benefits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionsForEmployeeBenefits" xlink:to="label_ProvisionsForEmployeeBenefits_1" xlink:title="Label : ProvisionsForEmployeeBenefits to label_ProvisionsForEmployeeBenefits_1" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionsForEmployeeBenefits_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProvisionsForEmployeeBenefits_2" xml:lang="en-US" id="label_ProvisionsForEmployeeBenefits_2">Total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionsForEmployeeBenefits" xlink:to="label_ProvisionsForEmployeeBenefits_2" xlink:title="Label : ProvisionsForEmployeeBenefits to label_ProvisionsForEmployeeBenefits_2" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionsForEmployeeBenefits_3" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_ProvisionsForEmployeeBenefits_3" xml:lang="en-US" id="label_ProvisionsForEmployeeBenefits_3">Provision for post-employment benefits, opening</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionsForEmployeeBenefits" xlink:to="label_ProvisionsForEmployeeBenefits_3" xlink:title="Label : ProvisionsForEmployeeBenefits to label_ProvisionsForEmployeeBenefits_3" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionsForEmployeeBenefits_4" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_ProvisionsForEmployeeBenefits_4" xml:lang="en-US" id="label_ProvisionsForEmployeeBenefits_4">Provision for post-employment benefits, ending</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionsForEmployeeBenefits" xlink:to="label_ProvisionsForEmployeeBenefits_4" xlink:title="Label : ProvisionsForEmployeeBenefits to label_ProvisionsForEmployeeBenefits_4" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LifeInsuranceMember" xlink:label="LifeInsuranceMember" xlink:title="LifeInsuranceMember" />
    <link:label xlink:type="resource" xlink:label="label_LifeInsuranceMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LifeInsuranceMember" xml:lang="en-US" id="label_LifeInsuranceMember">life insurance [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LifeInsuranceMember" xlink:to="label_LifeInsuranceMember" xlink:title="Label : LifeInsuranceMember to label_LifeInsuranceMember" />
    <link:label xlink:type="resource" xlink:label="label_LifeInsuranceMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LifeInsuranceMember_1" xml:lang="en-US" id="label_LifeInsuranceMember_1">Life insurance [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LifeInsuranceMember" xlink:to="label_LifeInsuranceMember_1" xlink:title="Label : LifeInsuranceMember to label_LifeInsuranceMember_1" />
    <link:label xlink:type="resource" xlink:label="label_LifeInsuranceMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LifeInsuranceMember_2" xml:lang="en-US" id="label_LifeInsuranceMember_2">This member stands for the information pertaining to life insurance.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LifeInsuranceMember" xlink:to="label_LifeInsuranceMember_2" xlink:title="Label : LifeInsuranceMember to label_LifeInsuranceMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SeniorityBonusMember" xlink:label="SeniorityBonusMember" xlink:title="SeniorityBonusMember" />
    <link:label xlink:type="resource" xlink:label="label_SeniorityBonusMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SeniorityBonusMember" xml:lang="en-US" id="label_SeniorityBonusMember">Seniority Bonus [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorityBonusMember" xlink:to="label_SeniorityBonusMember" xlink:title="Label : SeniorityBonusMember to label_SeniorityBonusMember" />
    <link:label xlink:type="resource" xlink:label="label_SeniorityBonusMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SeniorityBonusMember_1" xml:lang="en-US" id="label_SeniorityBonusMember_1">Seniority bonus [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorityBonusMember" xlink:to="label_SeniorityBonusMember_1" xlink:title="Label : SeniorityBonusMember to label_SeniorityBonusMember_1" />
    <link:label xlink:type="resource" xlink:label="label_SeniorityBonusMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SeniorityBonusMember_2" xml:lang="en-US" id="label_SeniorityBonusMember_2">This member stands for the information pertaining to seniority bonus.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorityBonusMember" xlink:to="label_SeniorityBonusMember_2" xlink:title="Label : SeniorityBonusMember to label_SeniorityBonusMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IndemnificationOfFGTSMember" xlink:label="IndemnificationOfFGTSMember" xlink:title="IndemnificationOfFGTSMember" />
    <link:label xlink:type="resource" xlink:label="label_IndemnificationOfFGTSMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IndemnificationOfFGTSMember" xml:lang="en-US" id="label_IndemnificationOfFGTSMember">This member stands for the information pertaining to Indemnification of payment of Government Severance Indemnity Fund (FGTS).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IndemnificationOfFGTSMember" xlink:to="label_IndemnificationOfFGTSMember" xlink:title="Label : IndemnificationOfFGTSMember to label_IndemnificationOfFGTSMember" />
    <link:label xlink:type="resource" xlink:label="label_IndemnificationOfFGTSMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IndemnificationOfFGTSMember_1" xml:lang="en-US" id="label_IndemnificationOfFGTSMember_1">Indemnification of FGTS [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IndemnificationOfFGTSMember" xlink:to="label_IndemnificationOfFGTSMember_1" xlink:title="Label : IndemnificationOfFGTSMember to label_IndemnificationOfFGTSMember_1" />
    <link:label xlink:type="resource" xlink:label="label_IndemnificationOfFGTSMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IndemnificationOfFGTSMember_2" xml:lang="en-US" id="label_IndemnificationOfFGTSMember_2">Indemnification of F G T S [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IndemnificationOfFGTSMember" xlink:to="label_IndemnificationOfFGTSMember_2" xlink:title="Label : IndemnificationOfFGTSMember to label_IndemnificationOfFGTSMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_HealthAndDentalCareMember" xlink:label="HealthAndDentalCareMember" xlink:title="HealthAndDentalCareMember" />
    <link:label xlink:type="resource" xlink:label="label_HealthAndDentalCareMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HealthAndDentalCareMember" xml:lang="en-US" id="label_HealthAndDentalCareMember">Health and dental care [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HealthAndDentalCareMember" xlink:to="label_HealthAndDentalCareMember" xlink:title="Label : HealthAndDentalCareMember to label_HealthAndDentalCareMember" />
    <link:label xlink:type="resource" xlink:label="label_HealthAndDentalCareMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HealthAndDentalCareMember_1" xml:lang="en-US" id="label_HealthAndDentalCareMember_1">Health and dental care plan [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HealthAndDentalCareMember" xlink:to="label_HealthAndDentalCareMember_1" xlink:title="Label : HealthAndDentalCareMember to label_HealthAndDentalCareMember_1" />
    <link:label xlink:type="resource" xlink:label="label_HealthAndDentalCareMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_HealthAndDentalCareMember_2" xml:lang="en-US" id="label_HealthAndDentalCareMember_2">This member stands for the information pertaining to health and dental care.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HealthAndDentalCareMember" xlink:to="label_HealthAndDentalCareMember_2" xlink:title="Label : HealthAndDentalCareMember to label_HealthAndDentalCareMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DefinedBenefitPlansDomain" xlink:label="DefinedBenefitPlansDomain" xlink:title="DefinedBenefitPlansDomain" />
    <link:label xlink:type="resource" xlink:label="label_DefinedBenefitPlansDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DefinedBenefitPlansDomain" xml:lang="en-US" id="label_DefinedBenefitPlansDomain">Defined benefit plans [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DefinedBenefitPlansDomain" xlink:to="label_DefinedBenefitPlansDomain" xlink:title="Label : DefinedBenefitPlansDomain to label_DefinedBenefitPlansDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DefinedBenefitPlansAxis" xlink:label="DefinedBenefitPlansAxis" xlink:title="DefinedBenefitPlansAxis" />
    <link:label xlink:type="resource" xlink:label="label_DefinedBenefitPlansAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DefinedBenefitPlansAxis" xml:lang="en-US" id="label_DefinedBenefitPlansAxis">Defined benefit plans [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DefinedBenefitPlansAxis" xlink:to="label_DefinedBenefitPlansAxis" xlink:title="Label : DefinedBenefitPlansAxis to label_DefinedBenefitPlansAxis" />
    <link:label xlink:type="resource" xlink:label="label_DefinedBenefitPlansAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DefinedBenefitPlansAxis_1" xml:lang="en-US" id="label_DefinedBenefitPlansAxis_1">Defined benefit plans [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DefinedBenefitPlansAxis" xlink:to="label_DefinedBenefitPlansAxis_1" xlink:title="Label : DefinedBenefitPlansAxis to label_DefinedBenefitPlansAxis_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ContributionsToPlanByEmployerPortionOfReversionFund" xlink:label="ContributionsToPlanByEmployerPortionOfReversionFund" xlink:title="ContributionsToPlanByEmployerPortionOfReversionFund" />
    <link:label xlink:type="resource" xlink:label="label_ContributionsToPlanByEmployerPortionOfReversionFund" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContributionsToPlanByEmployerPortionOfReversionFund" xml:lang="en-US" id="label_ContributionsToPlanByEmployerPortionOfReversionFund">Contribution to Ultraprev, portion of pension fund</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContributionsToPlanByEmployerPortionOfReversionFund" xlink:to="label_ContributionsToPlanByEmployerPortionOfReversionFund" xlink:title="Label : ContributionsToPlanByEmployerPortionOfReversionFund to label_ContributionsToPlanByEmployerPortionOfReversionFund" />
    <link:label xlink:type="resource" xlink:label="label_ContributionsToPlanByEmployerPortionOfReversionFund_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ContributionsToPlanByEmployerPortionOfReversionFund_1" xml:lang="en-US" id="label_ContributionsToPlanByEmployerPortionOfReversionFund_1">The amount of contributions by portion of reversion fund to a defined benefit plan by the employer.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContributionsToPlanByEmployerPortionOfReversionFund" xlink:to="label_ContributionsToPlanByEmployerPortionOfReversionFund_1" xlink:title="Label : ContributionsToPlanByEmployerPortionOfReversionFund to label_ContributionsToPlanByEmployerPortionOfReversionFund_1" />
    <link:label xlink:type="resource" xlink:label="label_ContributionsToPlanByEmployerPortionOfReversionFund_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContributionsToPlanByEmployerPortionOfReversionFund_2" xml:lang="en-US" id="label_ContributionsToPlanByEmployerPortionOfReversionFund_2">Contributions to Plan by Employer, Portion of Reversion Fund</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContributionsToPlanByEmployerPortionOfReversionFund" xlink:to="label_ContributionsToPlanByEmployerPortionOfReversionFund_2" xlink:title="Label : ContributionsToPlanByEmployerPortionOfReversionFund to label_ContributionsToPlanByEmployerPortionOfReversionFund_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfFormerEmployeesReceivingBenefits" xlink:label="NumberOfFormerEmployeesReceivingBenefits" xlink:title="NumberOfFormerEmployeesReceivingBenefits" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfFormerEmployeesReceivingBenefits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfFormerEmployeesReceivingBenefits" xml:lang="en-US" id="label_NumberOfFormerEmployeesReceivingBenefits">Number of former employees receiving benefits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfFormerEmployeesReceivingBenefits" xlink:to="label_NumberOfFormerEmployeesReceivingBenefits" xlink:title="Label : NumberOfFormerEmployeesReceivingBenefits to label_NumberOfFormerEmployeesReceivingBenefits" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfFormerEmployeesReceivingBenefits_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfFormerEmployeesReceivingBenefits_1" xml:lang="en-US" id="label_NumberOfFormerEmployeesReceivingBenefits_1">Number of former employees receiving benefits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfFormerEmployeesReceivingBenefits" xlink:to="label_NumberOfFormerEmployeesReceivingBenefits_1" xlink:title="Label : NumberOfFormerEmployeesReceivingBenefits to label_NumberOfFormerEmployeesReceivingBenefits_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfFormerEmployeesReceivingBenefits_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfFormerEmployeesReceivingBenefits_2" xml:lang="en-US" id="label_NumberOfFormerEmployeesReceivingBenefits_2">The number of former employees receiving benefits to a defined contribution plan.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfFormerEmployeesReceivingBenefits" xlink:to="label_NumberOfFormerEmployeesReceivingBenefits_2" xlink:title="Label : NumberOfFormerEmployeesReceivingBenefits to label_NumberOfFormerEmployeesReceivingBenefits_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfRetiredParticipatingEmployees" xlink:label="NumberOfRetiredParticipatingEmployees" xlink:title="NumberOfRetiredParticipatingEmployees" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfRetiredParticipatingEmployees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfRetiredParticipatingEmployees" xml:lang="en-US" id="label_NumberOfRetiredParticipatingEmployees">Number of retired participating employees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfRetiredParticipatingEmployees" xlink:to="label_NumberOfRetiredParticipatingEmployees" xlink:title="Label : NumberOfRetiredParticipatingEmployees to label_NumberOfRetiredParticipatingEmployees" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfRetiredParticipatingEmployees_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfRetiredParticipatingEmployees_1" xml:lang="en-US" id="label_NumberOfRetiredParticipatingEmployees_1">Number of retired participating employees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfRetiredParticipatingEmployees" xlink:to="label_NumberOfRetiredParticipatingEmployees_1" xlink:title="Label : NumberOfRetiredParticipatingEmployees to label_NumberOfRetiredParticipatingEmployees_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfRetiredParticipatingEmployees_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfRetiredParticipatingEmployees_2" xml:lang="en-US" id="label_NumberOfRetiredParticipatingEmployees_2">The number of retired participating employees to a defined contribution plan.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfRetiredParticipatingEmployees" xlink:to="label_NumberOfRetiredParticipatingEmployees_2" xlink:title="Label : NumberOfRetiredParticipatingEmployees to label_NumberOfRetiredParticipatingEmployees_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfActiveParticipatingEmployees" xlink:label="NumberOfActiveParticipatingEmployees" xlink:title="NumberOfActiveParticipatingEmployees" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfActiveParticipatingEmployees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfActiveParticipatingEmployees" xml:lang="en-US" id="label_NumberOfActiveParticipatingEmployees">Number of active participating employees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfActiveParticipatingEmployees" xlink:to="label_NumberOfActiveParticipatingEmployees" xlink:title="Label : NumberOfActiveParticipatingEmployees to label_NumberOfActiveParticipatingEmployees" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfActiveParticipatingEmployees_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfActiveParticipatingEmployees_1" xml:lang="en-US" id="label_NumberOfActiveParticipatingEmployees_1">Number of active participating employees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfActiveParticipatingEmployees" xlink:to="label_NumberOfActiveParticipatingEmployees_1" xlink:title="Label : NumberOfActiveParticipatingEmployees to label_NumberOfActiveParticipatingEmployees_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfActiveParticipatingEmployees_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfActiveParticipatingEmployees_2" xml:lang="en-US" id="label_NumberOfActiveParticipatingEmployees_2">The number of active participating employees to a defined contribution plan.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfActiveParticipatingEmployees" xlink:to="label_NumberOfActiveParticipatingEmployees_2" xlink:title="Label : NumberOfActiveParticipatingEmployees to label_NumberOfActiveParticipatingEmployees_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation2019" xlink:label="WeightedAverageDurationOfDefinedBenefitObligation2019" xlink:title="WeightedAverageDurationOfDefinedBenefitObligation2019" />
    <link:label xlink:type="resource" xlink:label="label_WeightedAverageDurationOfDefinedBenefitObligation2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_WeightedAverageDurationOfDefinedBenefitObligation2019" xml:lang="en-US" id="label_WeightedAverageDurationOfDefinedBenefitObligation2019">Average period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeightedAverageDurationOfDefinedBenefitObligation2019" xlink:to="label_WeightedAverageDurationOfDefinedBenefitObligation2019" xlink:title="Label : WeightedAverageDurationOfDefinedBenefitObligation2019 to label_WeightedAverageDurationOfDefinedBenefitObligation2019" />
    <link:label xlink:type="resource" xlink:label="label_WeightedAverageDurationOfDefinedBenefitObligation2019_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WeightedAverageDurationOfDefinedBenefitObligation2019_1" xml:lang="en-US" id="label_WeightedAverageDurationOfDefinedBenefitObligation2019_1">Weighted average duration of defined benefit obligation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeightedAverageDurationOfDefinedBenefitObligation2019" xlink:to="label_WeightedAverageDurationOfDefinedBenefitObligation2019_1" xlink:title="Label : WeightedAverageDurationOfDefinedBenefitObligation2019 to label_WeightedAverageDurationOfDefinedBenefitObligation2019_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DefinedContributionPensionPlanReversionFund" xlink:label="DefinedContributionPensionPlanReversionFund" xlink:title="DefinedContributionPensionPlanReversionFund" />
    <link:label xlink:type="resource" xlink:label="label_DefinedContributionPensionPlanReversionFund" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DefinedContributionPensionPlanReversionFund" xml:lang="en-US" id="label_DefinedContributionPensionPlanReversionFund">Defined Contribution Pension Plan Reversion Fund</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DefinedContributionPensionPlanReversionFund" xlink:to="label_DefinedContributionPensionPlanReversionFund" xlink:title="Label : DefinedContributionPensionPlanReversionFund to label_DefinedContributionPensionPlanReversionFund" />
    <link:label xlink:type="resource" xlink:label="label_DefinedContributionPensionPlanReversionFund_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DefinedContributionPensionPlanReversionFund_1" xml:lang="en-US" id="label_DefinedContributionPensionPlanReversionFund_1">The amount of defined contribution pension plan reversion fund.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DefinedContributionPensionPlanReversionFund" xlink:to="label_DefinedContributionPensionPlanReversionFund_1" xlink:title="Label : DefinedContributionPensionPlanReversionFund to label_DefinedContributionPensionPlanReversionFund_1" />
    <link:label xlink:type="resource" xlink:label="label_DefinedContributionPensionPlanReversionFund_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DefinedContributionPensionPlanReversionFund_2" xml:lang="en-US" id="label_DefinedContributionPensionPlanReversionFund_2">Defined contribution pension plan fund</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DefinedContributionPensionPlanReversionFund" xlink:to="label_DefinedContributionPensionPlanReversionFund_2" xlink:title="Label : DefinedContributionPensionPlanReversionFund to label_DefinedContributionPensionPlanReversionFund_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FixedAccumulatedFundPeriod" xlink:label="FixedAccumulatedFundPeriod" xlink:title="FixedAccumulatedFundPeriod" />
    <link:label xlink:type="resource" xlink:label="label_FixedAccumulatedFundPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FixedAccumulatedFundPeriod" xml:lang="en-US" id="label_FixedAccumulatedFundPeriod">Fixed accumulated fund period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedAccumulatedFundPeriod" xlink:to="label_FixedAccumulatedFundPeriod" xlink:title="Label : FixedAccumulatedFundPeriod to label_FixedAccumulatedFundPeriod" />
    <link:label xlink:type="resource" xlink:label="label_FixedAccumulatedFundPeriod_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FixedAccumulatedFundPeriod_1" xml:lang="en-US" id="label_FixedAccumulatedFundPeriod_1">Fixed monthly accumulated fund period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedAccumulatedFundPeriod" xlink:to="label_FixedAccumulatedFundPeriod_1" xlink:title="Label : FixedAccumulatedFundPeriod to label_FixedAccumulatedFundPeriod_1" />
    <link:label xlink:type="resource" xlink:label="label_FixedAccumulatedFundPeriod_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FixedAccumulatedFundPeriod_2" xml:lang="en-US" id="label_FixedAccumulatedFundPeriod_2">The period of participating employees' accumulated fund to a defined contribution plan.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedAccumulatedFundPeriod" xlink:to="label_FixedAccumulatedFundPeriod_2" xlink:title="Label : FixedAccumulatedFundPeriod to label_FixedAccumulatedFundPeriod_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AccumulatedFundPercentage" xlink:label="AccumulatedFundPercentage" xlink:title="AccumulatedFundPercentage" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedFundPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccumulatedFundPercentage" xml:lang="en-US" id="label_AccumulatedFundPercentage">Accumulated fund percentage</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedFundPercentage" xlink:to="label_AccumulatedFundPercentage" xlink:title="Label : AccumulatedFundPercentage to label_AccumulatedFundPercentage" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedFundPercentage_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccumulatedFundPercentage_1" xml:lang="en-US" id="label_AccumulatedFundPercentage_1">Monthly accumulated fund percentage</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedFundPercentage" xlink:to="label_AccumulatedFundPercentage_1" xlink:title="Label : AccumulatedFundPercentage to label_AccumulatedFundPercentage_1" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedFundPercentage_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AccumulatedFundPercentage_2" xml:lang="en-US" id="label_AccumulatedFundPercentage_2">The percentage of participating employees' accumulated fund to a defined contribution plan.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedFundPercentage" xlink:to="label_AccumulatedFundPercentage_2" xlink:title="Label : AccumulatedFundPercentage to label_AccumulatedFundPercentage_2" />
    <link:label xlink:type="resource" xlink:label="label_MaximumMatchingContributionInProportionToEmployeeGrossSalaryPercentage_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MaximumMatchingContributionInProportionToEmployeeGrossSalaryPercentage_2" xml:lang="en-US" id="label_MaximumMatchingContributionInProportionToEmployeeGrossSalaryPercentage_2">Maximum matching contribution percentage</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumMatchingContributionInProportionToEmployeeGrossSalaryPercentage" xlink:to="label_MaximumMatchingContributionInProportionToEmployeeGrossSalaryPercentage_2" xlink:title="Label : MaximumMatchingContributionInProportionToEmployeeGrossSalaryPercentage to label_MaximumMatchingContributionInProportionToEmployeeGrossSalaryPercentage_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfDefinedBenefitPlansLineItems" xlink:label="DisclosureOfDefinedBenefitPlansLineItems" xlink:title="DisclosureOfDefinedBenefitPlansLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDefinedBenefitPlansLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfDefinedBenefitPlansLineItems" xml:lang="en-US" id="label_DisclosureOfDefinedBenefitPlansLineItems">Disclosure of defined benefit plans [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDefinedBenefitPlansLineItems" xlink:to="label_DisclosureOfDefinedBenefitPlansLineItems" xlink:title="Label : DisclosureOfDefinedBenefitPlansLineItems to label_DisclosureOfDefinedBenefitPlansLineItems" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfDefinedBenefitPlansTable" xlink:label="DisclosureOfDefinedBenefitPlansTable" xlink:title="DisclosureOfDefinedBenefitPlansTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDefinedBenefitPlansTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfDefinedBenefitPlansTable" xml:lang="en-US" id="label_DisclosureOfDefinedBenefitPlansTable">Disclosure of defined benefit plans [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDefinedBenefitPlansTable" xlink:to="label_DisclosureOfDefinedBenefitPlansTable" xlink:title="Label : DisclosureOfDefinedBenefitPlansTable to label_DisclosureOfDefinedBenefitPlansTable" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfTaxesPayableLineItems" xlink:label="DisclosureOfTaxesPayableLineItems" xlink:title="DisclosureOfTaxesPayableLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfTaxesPayableLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfTaxesPayableLineItems" xml:lang="en-US" id="label_DisclosureOfTaxesPayableLineItems">Disclosure of taxes payable [line items].</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfTaxesPayableLineItems" xlink:to="label_DisclosureOfTaxesPayableLineItems" xlink:title="Label : DisclosureOfTaxesPayableLineItems to label_DisclosureOfTaxesPayableLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfTaxesPayableLineItems_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfTaxesPayableLineItems_1" xml:lang="en-US" id="label_DisclosureOfTaxesPayableLineItems_1">Disclosure of taxes payable [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfTaxesPayableLineItems" xlink:to="label_DisclosureOfTaxesPayableLineItems_1" xlink:title="Label : DisclosureOfTaxesPayableLineItems to label_DisclosureOfTaxesPayableLineItems_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfTaxesPayableLineItems_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfTaxesPayableLineItems_2" xml:lang="en-US" id="label_DisclosureOfTaxesPayableLineItems_2">Disclosure of taxes payable [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfTaxesPayableLineItems" xlink:to="label_DisclosureOfTaxesPayableLineItems_2" xlink:title="Label : DisclosureOfTaxesPayableLineItems to label_DisclosureOfTaxesPayableLineItems_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OtherTaxesPayableMember" xlink:label="OtherTaxesPayableMember" xlink:title="OtherTaxesPayableMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherTaxesPayableMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherTaxesPayableMember" xml:lang="en-US" id="label_OtherTaxesPayableMember">Other taxes payable [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherTaxesPayableMember" xlink:to="label_OtherTaxesPayableMember" xlink:title="Label : OtherTaxesPayableMember to label_OtherTaxesPayableMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherTaxesPayableMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherTaxesPayableMember_1" xml:lang="en-US" id="label_OtherTaxesPayableMember_1">Others [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherTaxesPayableMember" xlink:to="label_OtherTaxesPayableMember_1" xlink:title="Label : OtherTaxesPayableMember to label_OtherTaxesPayableMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherTaxesPayableMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherTaxesPayableMember_2" xml:lang="en-US" id="label_OtherTaxesPayableMember_2">This member stands for the information pertaining to other taxes payable.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherTaxesPayableMember" xlink:to="label_OtherTaxesPayableMember_2" xlink:title="Label : OtherTaxesPayableMember to label_OtherTaxesPayableMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ISSMunicipalVATMember" xlink:label="ISSMunicipalVATMember" xlink:title="ISSMunicipalVATMember" />
    <link:label xlink:type="resource" xlink:label="label_ISSMunicipalVATMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ISSMunicipalVATMember" xml:lang="en-US" id="label_ISSMunicipalVATMember">This member stands for the information pertaining to Imposto Sobre Servi&#xE7;os (ISS or The Brazilian Municipal Service Tax).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ISSMunicipalVATMember" xlink:to="label_ISSMunicipalVATMember" xlink:title="Label : ISSMunicipalVATMember to label_ISSMunicipalVATMember" />
    <link:label xlink:type="resource" xlink:label="label_ISSMunicipalVATMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ISSMunicipalVATMember_1" xml:lang="en-US" id="label_ISSMunicipalVATMember_1">ISS (Municipal VAT) [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ISSMunicipalVATMember" xlink:to="label_ISSMunicipalVATMember_1" xlink:title="Label : ISSMunicipalVATMember to label_ISSMunicipalVATMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ISSMunicipalVATMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ISSMunicipalVATMember_2" xml:lang="en-US" id="label_ISSMunicipalVATMember_2">I S S [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ISSMunicipalVATMember" xlink:to="label_ISSMunicipalVATMember_2" xlink:title="Label : ISSMunicipalVATMember to label_ISSMunicipalVATMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TaxOnIndustrializedProductsFederalVATMember" xlink:label="TaxOnIndustrializedProductsFederalVATMember" xlink:title="TaxOnIndustrializedProductsFederalVATMember" />
    <link:label xlink:type="resource" xlink:label="label_TaxOnIndustrializedProductsFederalVATMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaxOnIndustrializedProductsFederalVATMember" xml:lang="en-US" id="label_TaxOnIndustrializedProductsFederalVATMember">Tax on Industrialized Products [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxOnIndustrializedProductsFederalVATMember" xlink:to="label_TaxOnIndustrializedProductsFederalVATMember" xlink:title="Label : TaxOnIndustrializedProductsFederalVATMember to label_TaxOnIndustrializedProductsFederalVATMember" />
    <link:label xlink:type="resource" xlink:label="label_TaxOnIndustrializedProductsFederalVATMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TaxOnIndustrializedProductsFederalVATMember_1" xml:lang="en-US" id="label_TaxOnIndustrializedProductsFederalVATMember_1">This member stands for the information pertaining to Tax on Industrialized Products ("Imposto sobre Produtos Industrializados - IPI").</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxOnIndustrializedProductsFederalVATMember" xlink:to="label_TaxOnIndustrializedProductsFederalVATMember_1" xlink:title="Label : TaxOnIndustrializedProductsFederalVATMember to label_TaxOnIndustrializedProductsFederalVATMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TaxOnIndustrializedProductsFederalVATMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TaxOnIndustrializedProductsFederalVATMember_2" xml:lang="en-US" id="label_TaxOnIndustrializedProductsFederalVATMember_2">IPI (Federal VAT) [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxOnIndustrializedProductsFederalVATMember" xlink:to="label_TaxOnIndustrializedProductsFederalVATMember_2" xlink:title="Label : TaxOnIndustrializedProductsFederalVATMember to label_TaxOnIndustrializedProductsFederalVATMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfTaxesPayableTable" xlink:label="DisclosureOfTaxesPayableTable" xlink:title="DisclosureOfTaxesPayableTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfTaxesPayableTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfTaxesPayableTable" xml:lang="en-US" id="label_DisclosureOfTaxesPayableTable">Disclosure of taxes payable [table].</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfTaxesPayableTable" xlink:to="label_DisclosureOfTaxesPayableTable" xlink:title="Label : DisclosureOfTaxesPayableTable to label_DisclosureOfTaxesPayableTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfTaxesPayableTable_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfTaxesPayableTable_1" xml:lang="en-US" id="label_DisclosureOfTaxesPayableTable_1">Disclosure of taxes payable [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfTaxesPayableTable" xlink:to="label_DisclosureOfTaxesPayableTable_1" xlink:title="Label : DisclosureOfTaxesPayableTable to label_DisclosureOfTaxesPayableTable_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfTaxesPayableTable_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfTaxesPayableTable_2" xml:lang="en-US" id="label_DisclosureOfTaxesPayableTable_2">Disclosure of taxes payable [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfTaxesPayableTable" xlink:to="label_DisclosureOfTaxesPayableTable_2" xlink:title="Label : DisclosureOfTaxesPayableTable to label_DisclosureOfTaxesPayableTable_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ShortTermEmployeeBenefitsAccrualsForOtherCharges" xlink:label="ShortTermEmployeeBenefitsAccrualsForOtherCharges" xlink:title="ShortTermEmployeeBenefitsAccrualsForOtherCharges" />
    <link:label xlink:type="resource" xlink:label="label_ShortTermEmployeeBenefitsAccrualsForOtherCharges" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ShortTermEmployeeBenefitsAccrualsForOtherCharges" xml:lang="en-US" id="label_ShortTermEmployeeBenefitsAccrualsForOtherCharges">The amount of short-term accruals of employee benefits for other charges.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShortTermEmployeeBenefitsAccrualsForOtherCharges" xlink:to="label_ShortTermEmployeeBenefitsAccrualsForOtherCharges" xlink:title="Label : ShortTermEmployeeBenefitsAccrualsForOtherCharges to label_ShortTermEmployeeBenefitsAccrualsForOtherCharges" />
    <link:label xlink:type="resource" xlink:label="label_ShortTermEmployeeBenefitsAccrualsForOtherCharges_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShortTermEmployeeBenefitsAccrualsForOtherCharges_1" xml:lang="en-US" id="label_ShortTermEmployeeBenefitsAccrualsForOtherCharges_1">Others</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShortTermEmployeeBenefitsAccrualsForOtherCharges" xlink:to="label_ShortTermEmployeeBenefitsAccrualsForOtherCharges_1" xlink:title="Label : ShortTermEmployeeBenefitsAccrualsForOtherCharges to label_ShortTermEmployeeBenefitsAccrualsForOtherCharges_1" />
    <link:label xlink:type="resource" xlink:label="label_ShortTermEmployeeBenefitsAccrualsForOtherCharges_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShortTermEmployeeBenefitsAccrualsForOtherCharges_2" xml:lang="en-US" id="label_ShortTermEmployeeBenefitsAccrualsForOtherCharges_2">Short Term Employee Benefits Accruals for Other Charges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShortTermEmployeeBenefitsAccrualsForOtherCharges" xlink:to="label_ShortTermEmployeeBenefitsAccrualsForOtherCharges_2" xlink:title="Label : ShortTermEmployeeBenefitsAccrualsForOtherCharges to label_ShortTermEmployeeBenefitsAccrualsForOtherCharges_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ShortTermEmployeeBenefitsAccrualsForSocialCharges" xlink:label="ShortTermEmployeeBenefitsAccrualsForSocialCharges" xlink:title="ShortTermEmployeeBenefitsAccrualsForSocialCharges" />
    <link:label xlink:type="resource" xlink:label="label_ShortTermEmployeeBenefitsAccrualsForSocialCharges" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ShortTermEmployeeBenefitsAccrualsForSocialCharges" xml:lang="en-US" id="label_ShortTermEmployeeBenefitsAccrualsForSocialCharges">The amount of short-term accruals of employee benefits for social charges.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShortTermEmployeeBenefitsAccrualsForSocialCharges" xlink:to="label_ShortTermEmployeeBenefitsAccrualsForSocialCharges" xlink:title="Label : ShortTermEmployeeBenefitsAccrualsForSocialCharges to label_ShortTermEmployeeBenefitsAccrualsForSocialCharges" />
    <link:label xlink:type="resource" xlink:label="label_ShortTermEmployeeBenefitsAccrualsForSocialCharges_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShortTermEmployeeBenefitsAccrualsForSocialCharges_1" xml:lang="en-US" id="label_ShortTermEmployeeBenefitsAccrualsForSocialCharges_1">Social charges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShortTermEmployeeBenefitsAccrualsForSocialCharges" xlink:to="label_ShortTermEmployeeBenefitsAccrualsForSocialCharges_1" xlink:title="Label : ShortTermEmployeeBenefitsAccrualsForSocialCharges to label_ShortTermEmployeeBenefitsAccrualsForSocialCharges_1" />
    <link:label xlink:type="resource" xlink:label="label_ShortTermEmployeeBenefitsAccrualsForSocialCharges_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShortTermEmployeeBenefitsAccrualsForSocialCharges_2" xml:lang="en-US" id="label_ShortTermEmployeeBenefitsAccrualsForSocialCharges_2">Short Term Employee Benefits Accruals for Social Charges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShortTermEmployeeBenefitsAccrualsForSocialCharges" xlink:to="label_ShortTermEmployeeBenefitsAccrualsForSocialCharges_2" xlink:title="Label : ShortTermEmployeeBenefitsAccrualsForSocialCharges to label_ShortTermEmployeeBenefitsAccrualsForSocialCharges_2" />
    <link:label xlink:type="resource" xlink:label="label_ShortTermEmployeeBenefitsAccrualsForProfitSharingBonusAndPremium_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShortTermEmployeeBenefitsAccrualsForProfitSharingBonusAndPremium_2" xml:lang="en-US" id="label_ShortTermEmployeeBenefitsAccrualsForProfitSharingBonusAndPremium_2">Profit sharing, bonus and premium</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShortTermEmployeeBenefitsAccrualsForProfitSharingBonusAndPremium" xlink:to="label_ShortTermEmployeeBenefitsAccrualsForProfitSharingBonusAndPremium_2" xlink:title="Label : ShortTermEmployeeBenefitsAccrualsForProfitSharingBonusAndPremium to label_ShortTermEmployeeBenefitsAccrualsForProfitSharingBonusAndPremium_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ShortTermEmployeeBenefitsAccrualsForProvisionsOnSalaries" xlink:label="ShortTermEmployeeBenefitsAccrualsForProvisionsOnSalaries" xlink:title="ShortTermEmployeeBenefitsAccrualsForProvisionsOnSalaries" />
    <link:label xlink:type="resource" xlink:label="label_ShortTermEmployeeBenefitsAccrualsForProvisionsOnSalaries" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShortTermEmployeeBenefitsAccrualsForProvisionsOnSalaries" xml:lang="en-US" id="label_ShortTermEmployeeBenefitsAccrualsForProvisionsOnSalaries">Provisions on salaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShortTermEmployeeBenefitsAccrualsForProvisionsOnSalaries" xlink:to="label_ShortTermEmployeeBenefitsAccrualsForProvisionsOnSalaries" xlink:title="Label : ShortTermEmployeeBenefitsAccrualsForProvisionsOnSalaries to label_ShortTermEmployeeBenefitsAccrualsForProvisionsOnSalaries" />
    <link:label xlink:type="resource" xlink:label="label_ShortTermEmployeeBenefitsAccrualsForProvisionsOnSalaries_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShortTermEmployeeBenefitsAccrualsForProvisionsOnSalaries_1" xml:lang="en-US" id="label_ShortTermEmployeeBenefitsAccrualsForProvisionsOnSalaries_1">Short Term Employee Benefits Accruals for Provisions on Salaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShortTermEmployeeBenefitsAccrualsForProvisionsOnSalaries" xlink:to="label_ShortTermEmployeeBenefitsAccrualsForProvisionsOnSalaries_1" xlink:title="Label : ShortTermEmployeeBenefitsAccrualsForProvisionsOnSalaries to label_ShortTermEmployeeBenefitsAccrualsForProvisionsOnSalaries_1" />
    <link:label xlink:type="resource" xlink:label="label_ShortTermEmployeeBenefitsAccrualsForProvisionsOnSalaries_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ShortTermEmployeeBenefitsAccrualsForProvisionsOnSalaries_2" xml:lang="en-US" id="label_ShortTermEmployeeBenefitsAccrualsForProvisionsOnSalaries_2">The amount of short-term accruals of employee benefits for provisions on salaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShortTermEmployeeBenefitsAccrualsForProvisionsOnSalaries" xlink:to="label_ShortTermEmployeeBenefitsAccrualsForProvisionsOnSalaries_2" xlink:title="Label : ShortTermEmployeeBenefitsAccrualsForProvisionsOnSalaries to label_ShortTermEmployeeBenefitsAccrualsForProvisionsOnSalaries_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SummaryOfTradePayablesLineItems" xlink:label="SummaryOfTradePayablesLineItems" xlink:title="SummaryOfTradePayablesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfTradePayablesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SummaryOfTradePayablesLineItems" xml:lang="en-US" id="label_SummaryOfTradePayablesLineItems">Summary of trade payable.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfTradePayablesLineItems" xlink:to="label_SummaryOfTradePayablesLineItems" xlink:title="Label : SummaryOfTradePayablesLineItems to label_SummaryOfTradePayablesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfTradePayablesLineItems_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SummaryOfTradePayablesLineItems_1" xml:lang="en-US" id="label_SummaryOfTradePayablesLineItems_1">Summary of trade payables [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfTradePayablesLineItems" xlink:to="label_SummaryOfTradePayablesLineItems_1" xlink:title="Label : SummaryOfTradePayablesLineItems to label_SummaryOfTradePayablesLineItems_1" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfTradePayablesLineItems_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SummaryOfTradePayablesLineItems_2" xml:lang="en-US" id="label_SummaryOfTradePayablesLineItems_2">Summary of trade payables [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfTradePayablesLineItems" xlink:to="label_SummaryOfTradePayablesLineItems_2" xlink:title="Label : SummaryOfTradePayablesLineItems to label_SummaryOfTradePayablesLineItems_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TradePayablesRreverseFactoringMember" xlink:label="TradePayablesRreverseFactoringMember" xlink:title="TradePayablesRreverseFactoringMember" />
    <link:label xlink:type="resource" xlink:label="label_TradePayablesRreverseFactoringMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TradePayablesRreverseFactoringMember" xml:lang="en-US" id="label_TradePayablesRreverseFactoringMember">This member stands for the information pertaining to trade payables reverse factoring.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayablesRreverseFactoringMember" xlink:to="label_TradePayablesRreverseFactoringMember" xlink:title="Label : TradePayablesRreverseFactoringMember to label_TradePayablesRreverseFactoringMember" />
    <link:label xlink:type="resource" xlink:label="label_TradePayablesRreverseFactoringMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradePayablesRreverseFactoringMember_1" xml:lang="en-US" id="label_TradePayablesRreverseFactoringMember_1">Trade payables reverse factoring [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayablesRreverseFactoringMember" xlink:to="label_TradePayablesRreverseFactoringMember_1" xlink:title="Label : TradePayablesRreverseFactoringMember to label_TradePayablesRreverseFactoringMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TradePayablesRreverseFactoringMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradePayablesRreverseFactoringMember_2" xml:lang="en-US" id="label_TradePayablesRreverseFactoringMember_2">Trade Payables Rreverse Factoring [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayablesRreverseFactoringMember" xlink:to="label_TradePayablesRreverseFactoringMember_2" xlink:title="Label : TradePayablesRreverseFactoringMember to label_TradePayablesRreverseFactoringMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ForeignSuppliersMember" xlink:label="ForeignSuppliersMember" xlink:title="ForeignSuppliersMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignSuppliersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignSuppliersMember" xml:lang="en-US" id="label_ForeignSuppliersMember">Foreign suppliers [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignSuppliersMember" xlink:to="label_ForeignSuppliersMember" xlink:title="Label : ForeignSuppliersMember to label_ForeignSuppliersMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignSuppliersMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ForeignSuppliersMember_1" xml:lang="en-US" id="label_ForeignSuppliersMember_1">Foreign suppliers [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignSuppliersMember" xlink:to="label_ForeignSuppliersMember_1" xlink:title="Label : ForeignSuppliersMember to label_ForeignSuppliersMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ForeignSuppliersMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignSuppliersMember_2" xml:lang="en-US" id="label_ForeignSuppliersMember_2">This member stands for the information pertaining to foreign suppliers.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignSuppliersMember" xlink:to="label_ForeignSuppliersMember_2" xlink:title="Label : ForeignSuppliersMember to label_ForeignSuppliersMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DomesticSuppliersMember" xlink:label="DomesticSuppliersMember" xlink:title="DomesticSuppliersMember" />
    <link:label xlink:type="resource" xlink:label="label_DomesticSuppliersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DomesticSuppliersMember" xml:lang="en-US" id="label_DomesticSuppliersMember">Domestic suppliers [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DomesticSuppliersMember" xlink:to="label_DomesticSuppliersMember" xlink:title="Label : DomesticSuppliersMember to label_DomesticSuppliersMember" />
    <link:label xlink:type="resource" xlink:label="label_DomesticSuppliersMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DomesticSuppliersMember_1" xml:lang="en-US" id="label_DomesticSuppliersMember_1">Domestic suppliers [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DomesticSuppliersMember" xlink:to="label_DomesticSuppliersMember_1" xlink:title="Label : DomesticSuppliersMember to label_DomesticSuppliersMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DomesticSuppliersMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DomesticSuppliersMember_2" xml:lang="en-US" id="label_DomesticSuppliersMember_2">This member stands for the information pertaining to domestic suppliers.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DomesticSuppliersMember" xlink:to="label_DomesticSuppliersMember_2" xlink:title="Label : DomesticSuppliersMember to label_DomesticSuppliersMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TradePayablesDomain" xlink:label="TradePayablesDomain" xlink:title="TradePayablesDomain" />
    <link:label xlink:type="resource" xlink:label="label_TradePayablesDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TradePayablesDomain" xml:lang="en-US" id="label_TradePayablesDomain">Trade payables [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayablesDomain" xlink:to="label_TradePayablesDomain" xlink:title="Label : TradePayablesDomain to label_TradePayablesDomain" />
    <link:label xlink:type="resource" xlink:label="label_TradePayablesDomain_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradePayablesDomain_1" xml:lang="en-US" id="label_TradePayablesDomain_1">Trade payables [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayablesDomain" xlink:to="label_TradePayablesDomain_1" xlink:title="Label : TradePayablesDomain to label_TradePayablesDomain_1" />
    <link:label xlink:type="resource" xlink:label="label_TradePayablesDomain_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradePayablesDomain_2" xml:lang="en-US" id="label_TradePayablesDomain_2">Trade payables [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayablesDomain" xlink:to="label_TradePayablesDomain_2" xlink:title="Label : TradePayablesDomain to label_TradePayablesDomain_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TradePayablesAxis" xlink:label="TradePayablesAxis" xlink:title="TradePayablesAxis" />
    <link:label xlink:type="resource" xlink:label="label_TradePayablesAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TradePayablesAxis" xml:lang="en-US" id="label_TradePayablesAxis">Trade payables [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayablesAxis" xlink:to="label_TradePayablesAxis" xlink:title="Label : TradePayablesAxis to label_TradePayablesAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:label="ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:title="ComprehensiveIncomeAttributableToNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ComprehensiveIncomeAttributableToNoncontrollingInterests" xml:lang="en-US" id="label_ComprehensiveIncomeAttributableToNoncontrollingInterests">Total comprehensive income for the year attributable to non-controlling interests in subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:to="label_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:title="Label : ComprehensiveIncomeAttributableToNoncontrollingInterests to label_ComprehensiveIncomeAttributableToNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncomeAttributableToNoncontrollingInterests_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ComprehensiveIncomeAttributableToNoncontrollingInterests_1" xml:lang="en-US" id="label_ComprehensiveIncomeAttributableToNoncontrollingInterests_1">Comprehensive income, attributable to non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:to="label_ComprehensiveIncomeAttributableToNoncontrollingInterests_1" xlink:title="Label : ComprehensiveIncomeAttributableToNoncontrollingInterests to label_ComprehensiveIncomeAttributableToNoncontrollingInterests_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:label="ComprehensiveIncomeAttributableToOwnersOfParent" xlink:title="ComprehensiveIncomeAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ComprehensiveIncomeAttributableToOwnersOfParent" xml:lang="en-US" id="label_ComprehensiveIncomeAttributableToOwnersOfParent">Total comprehensive income for the year attributable to shareholders of Ultrapar</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeAttributableToOwnersOfParent" xlink:to="label_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:title="Label : ComprehensiveIncomeAttributableToOwnersOfParent to label_ComprehensiveIncomeAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:label="label_TradePayablesAxis_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradePayablesAxis_1" xml:lang="en-US" id="label_TradePayablesAxis_1">Trade payables [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayablesAxis" xlink:to="label_TradePayablesAxis_1" xlink:title="Label : TradePayablesAxis to label_TradePayablesAxis_1" />
    <link:label xlink:type="resource" xlink:label="label_TradePayablesAxis_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradePayablesAxis_2" xml:lang="en-US" id="label_TradePayablesAxis_2">Trade payables [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradePayablesAxis" xlink:to="label_TradePayablesAxis_2" xlink:title="Label : TradePayablesAxis to label_TradePayablesAxis_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfPayablesTable" xlink:label="DisclosureOfPayablesTable" xlink:title="DisclosureOfPayablesTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfPayablesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfPayablesTable" xml:lang="en-US" id="label_DisclosureOfPayablesTable">Disclosure of payables.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfPayablesTable" xlink:to="label_DisclosureOfPayablesTable" xlink:title="Label : DisclosureOfPayablesTable to label_DisclosureOfPayablesTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfPayablesTable_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfPayablesTable_1" xml:lang="en-US" id="label_DisclosureOfPayablesTable_1">Disclosure of Payables [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfPayablesTable" xlink:to="label_DisclosureOfPayablesTable_1" xlink:title="Label : DisclosureOfPayablesTable to label_DisclosureOfPayablesTable_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfPayablesTable_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfPayablesTable_2" xml:lang="en-US" id="label_DisclosureOfPayablesTable_2">Disclosure of Payables [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfPayablesTable" xlink:to="label_DisclosureOfPayablesTable_2" xlink:title="Label : DisclosureOfPayablesTable to label_DisclosureOfPayablesTable_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ValueOfAssetsPercentage" xlink:label="ValueOfAssetsPercentage" xlink:title="ValueOfAssetsPercentage" />
    <link:label xlink:type="resource" xlink:label="label_ValueOfAssetsPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ValueOfAssetsPercentage" xml:lang="en-US" id="label_ValueOfAssetsPercentage">Value of assets percentage</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ValueOfAssetsPercentage" xlink:to="label_ValueOfAssetsPercentage" xlink:title="Label : ValueOfAssetsPercentage to label_ValueOfAssetsPercentage" />
    <link:label xlink:type="resource" xlink:label="label_ValueOfAssetsPercentage_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ValueOfAssetsPercentage_1" xml:lang="en-US" id="label_ValueOfAssetsPercentage_1">Percent restricted consolidated tangible assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ValueOfAssetsPercentage" xlink:to="label_ValueOfAssetsPercentage_1" xlink:title="Label : ValueOfAssetsPercentage to label_ValueOfAssetsPercentage_1" />
    <link:label xlink:type="resource" xlink:label="label_ValueOfAssetsPercentage_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ValueOfAssetsPercentage_2" xml:lang="en-US" id="label_ValueOfAssetsPercentage_2">The percentage of restricted tangible assets value.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ValueOfAssetsPercentage" xlink:to="label_ValueOfAssetsPercentage_2" xlink:title="Label : ValueOfAssetsPercentage to label_ValueOfAssetsPercentage_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LiabilitiesToWhichSignificantRestrictionsApply" xlink:label="LiabilitiesToWhichSignificantRestrictionsApply" xlink:title="LiabilitiesToWhichSignificantRestrictionsApply" />
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesToWhichSignificantRestrictionsApply" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LiabilitiesToWhichSignificantRestrictionsApply" xml:lang="en-US" id="label_LiabilitiesToWhichSignificantRestrictionsApply">Restriction on encumbrance of assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesToWhichSignificantRestrictionsApply" xlink:to="label_LiabilitiesToWhichSignificantRestrictionsApply" xlink:title="Label : LiabilitiesToWhichSignificantRestrictionsApply to label_LiabilitiesToWhichSignificantRestrictionsApply" />
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesToWhichSignificantRestrictionsApply_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilitiesToWhichSignificantRestrictionsApply_1" xml:lang="en-US" id="label_LiabilitiesToWhichSignificantRestrictionsApply_1">Liabilities to which significant restrictions apply</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesToWhichSignificantRestrictionsApply" xlink:to="label_LiabilitiesToWhichSignificantRestrictionsApply_1" xlink:title="Label : LiabilitiesToWhichSignificantRestrictionsApply to label_LiabilitiesToWhichSignificantRestrictionsApply_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_BondsIssuePriceInPercentage" xlink:label="BondsIssuePriceInPercentage" xlink:title="BondsIssuePriceInPercentage" />
    <link:label xlink:type="resource" xlink:label="label_BondsIssuePriceInPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BondsIssuePriceInPercentage" xml:lang="en-US" id="label_BondsIssuePriceInPercentage">Bonds issue price in percentage</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BondsIssuePriceInPercentage" xlink:to="label_BondsIssuePriceInPercentage" xlink:title="Label : BondsIssuePriceInPercentage to label_BondsIssuePriceInPercentage" />
    <link:label xlink:type="resource" xlink:label="label_BondsIssuePriceInPercentage_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BondsIssuePriceInPercentage_1" xml:lang="en-US" id="label_BondsIssuePriceInPercentage_1">Issue percent of face value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BondsIssuePriceInPercentage" xlink:to="label_BondsIssuePriceInPercentage_1" xlink:title="Label : BondsIssuePriceInPercentage to label_BondsIssuePriceInPercentage_1" />
    <link:label xlink:type="resource" xlink:label="label_BondsIssuePriceInPercentage_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BondsIssuePriceInPercentage_2" xml:lang="en-US" id="label_BondsIssuePriceInPercentage_2">The percentage of bonds issue price of face value.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BondsIssuePriceInPercentage" xlink:to="label_BondsIssuePriceInPercentage_2" xlink:title="Label : BondsIssuePriceInPercentage to label_BondsIssuePriceInPercentage_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MaximumAggregateTenderAmountAvailableForIncrease" xlink:label="MaximumAggregateTenderAmountAvailableForIncrease" xlink:title="MaximumAggregateTenderAmountAvailableForIncrease" />
    <link:label xlink:type="resource" xlink:label="label_MaximumAggregateTenderAmountAvailableForIncrease" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaximumAggregateTenderAmountAvailableForIncrease" xml:lang="en-US" id="label_MaximumAggregateTenderAmountAvailableForIncrease">Maximum aggregate tender amount available for increase</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumAggregateTenderAmountAvailableForIncrease" xlink:to="label_MaximumAggregateTenderAmountAvailableForIncrease" xlink:title="Label : MaximumAggregateTenderAmountAvailableForIncrease to label_MaximumAggregateTenderAmountAvailableForIncrease" />
    <link:label xlink:type="resource" xlink:label="label_MaximumAggregateTenderAmountAvailableForIncrease_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MaximumAggregateTenderAmountAvailableForIncrease_1" xml:lang="en-US" id="label_MaximumAggregateTenderAmountAvailableForIncrease_1">Maximum aggregate tender amount available for increase</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumAggregateTenderAmountAvailableForIncrease" xlink:to="label_MaximumAggregateTenderAmountAvailableForIncrease_1" xlink:title="Label : MaximumAggregateTenderAmountAvailableForIncrease to label_MaximumAggregateTenderAmountAvailableForIncrease_1" />
    <link:label xlink:type="resource" xlink:label="label_MaximumAggregateTenderAmountAvailableForIncrease_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaximumAggregateTenderAmountAvailableForIncrease_2" xml:lang="en-US" id="label_MaximumAggregateTenderAmountAvailableForIncrease_2">The amount of maximum aggregate tender value available for increase by the reporting entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumAggregateTenderAmountAvailableForIncrease" xlink:to="label_MaximumAggregateTenderAmountAvailableForIncrease_2" xlink:title="Label : MaximumAggregateTenderAmountAvailableForIncrease to label_MaximumAggregateTenderAmountAvailableForIncrease_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ShorttermBorrowings" xlink:label="ShorttermBorrowings" xlink:title="ShorttermBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_ShorttermBorrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShorttermBorrowings" xml:lang="en-US" id="label_ShorttermBorrowings">Short-term liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShorttermBorrowings" xlink:to="label_ShorttermBorrowings" xlink:title="Label : ShorttermBorrowings to label_ShorttermBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_ShorttermBorrowings_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShorttermBorrowings_1" xml:lang="en-US" id="label_ShorttermBorrowings_1">Current borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShorttermBorrowings" xlink:to="label_ShorttermBorrowings_1" xlink:title="Label : ShorttermBorrowings to label_ShorttermBorrowings_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MaximumAggregateTenderAmount" xlink:label="MaximumAggregateTenderAmount" xlink:title="MaximumAggregateTenderAmount" />
    <link:label xlink:type="resource" xlink:label="label_MaximumAggregateTenderAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaximumAggregateTenderAmount" xml:lang="en-US" id="label_MaximumAggregateTenderAmount">Maximum aggregate tender amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumAggregateTenderAmount" xlink:to="label_MaximumAggregateTenderAmount" xlink:title="Label : MaximumAggregateTenderAmount to label_MaximumAggregateTenderAmount" />
    <link:label xlink:type="resource" xlink:label="label_MaximumAggregateTenderAmount_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaximumAggregateTenderAmount_1" xml:lang="en-US" id="label_MaximumAggregateTenderAmount_1">The amount of maximum aggregate tender value.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumAggregateTenderAmount" xlink:to="label_MaximumAggregateTenderAmount_1" xlink:title="Label : MaximumAggregateTenderAmount to label_MaximumAggregateTenderAmount_1" />
    <link:label xlink:type="resource" xlink:label="label_MaximumAggregateTenderAmount_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MaximumAggregateTenderAmount_2" xml:lang="en-US" id="label_MaximumAggregateTenderAmount_2">Maximum aggregate tender amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumAggregateTenderAmount" xlink:to="label_MaximumAggregateTenderAmount_2" xlink:title="Label : MaximumAggregateTenderAmount to label_MaximumAggregateTenderAmount_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_RestrictedAssetsMember" xlink:label="RestrictedAssetsMember" xlink:title="RestrictedAssetsMember" />
    <link:label xlink:type="resource" xlink:label="label_RestrictedAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RestrictedAssetsMember" xml:lang="en-US" id="label_RestrictedAssetsMember">Restricted Assets [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedAssetsMember" xlink:to="label_RestrictedAssetsMember" xlink:title="Label : RestrictedAssetsMember to label_RestrictedAssetsMember" />
    <link:label xlink:type="resource" xlink:label="label_RestrictedAssetsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RestrictedAssetsMember_1" xml:lang="en-US" id="label_RestrictedAssetsMember_1">Restricted Assets [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedAssetsMember" xlink:to="label_RestrictedAssetsMember_1" xlink:title="Label : RestrictedAssetsMember to label_RestrictedAssetsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_RestrictedAssetsMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RestrictedAssetsMember_2" xml:lang="en-US" id="label_RestrictedAssetsMember_2">This member stands for the information pertaining to Restricted assets.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedAssetsMember" xlink:to="label_RestrictedAssetsMember_2" xlink:title="Label : RestrictedAssetsMember to label_RestrictedAssetsMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TypesOfRateregulatedActivitiesDomain" xlink:label="TypesOfRateregulatedActivitiesDomain" xlink:title="TypesOfRateregulatedActivitiesDomain" />
    <link:label xlink:type="resource" xlink:label="label_TypesOfRateregulatedActivitiesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TypesOfRateregulatedActivitiesDomain" xml:lang="en-US" id="label_TypesOfRateregulatedActivitiesDomain">Types of rate-regulated activities [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TypesOfRateregulatedActivitiesDomain" xlink:to="label_TypesOfRateregulatedActivitiesDomain" xlink:title="Label : TypesOfRateregulatedActivitiesDomain to label_TypesOfRateregulatedActivitiesDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TypesOfRateregulatedActivitiesAxis" xlink:label="TypesOfRateregulatedActivitiesAxis" xlink:title="TypesOfRateregulatedActivitiesAxis" />
    <link:label xlink:type="resource" xlink:label="label_TypesOfRateregulatedActivitiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TypesOfRateregulatedActivitiesAxis" xml:lang="en-US" id="label_TypesOfRateregulatedActivitiesAxis">Types of rate-regulated activities [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TypesOfRateregulatedActivitiesAxis" xlink:to="label_TypesOfRateregulatedActivitiesAxis" xlink:title="Label : TypesOfRateregulatedActivitiesAxis to label_TypesOfRateregulatedActivitiesAxis" />
    <link:label xlink:type="resource" xlink:label="label_TypesOfRateregulatedActivitiesAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TypesOfRateregulatedActivitiesAxis_1" xml:lang="en-US" id="label_TypesOfRateregulatedActivitiesAxis_1">Types of rate-regulated activities [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TypesOfRateregulatedActivitiesAxis" xlink:to="label_TypesOfRateregulatedActivitiesAxis_1" xlink:title="Label : TypesOfRateregulatedActivitiesAxis to label_TypesOfRateregulatedActivitiesAxis_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FixedInterestRateMember" xlink:label="FixedInterestRateMember" xlink:title="FixedInterestRateMember" />
    <link:label xlink:type="resource" xlink:label="label_FixedInterestRateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FixedInterestRateMember" xml:lang="en-US" id="label_FixedInterestRateMember">Long term interest rate [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedInterestRateMember" xlink:to="label_FixedInterestRateMember" xlink:title="Label : FixedInterestRateMember to label_FixedInterestRateMember" />
    <link:label xlink:type="resource" xlink:label="label_FixedInterestRateMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FixedInterestRateMember_1" xml:lang="en-US" id="label_FixedInterestRateMember_1">Fixed interest rate [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedInterestRateMember" xlink:to="label_FixedInterestRateMember_1" xlink:title="Label : FixedInterestRateMember to label_FixedInterestRateMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NotesDue2029Member" xlink:label="NotesDue2029Member" xlink:title="NotesDue2029Member" />
    <link:label xlink:type="resource" xlink:label="label_NotesDue2029Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NotesDue2029Member" xml:lang="en-US" id="label_NotesDue2029Member">Senior Notes due in 2029 (&#x201C;Notes 2029&#x201D;)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesDue2029Member" xlink:to="label_NotesDue2029Member" xlink:title="Label : NotesDue2029Member to label_NotesDue2029Member" />
    <link:label xlink:type="resource" xlink:label="label_NotesDue2029Member_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotesDue2029Member_1" xml:lang="en-US" id="label_NotesDue2029Member_1">Notes due 2029 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesDue2029Member" xlink:to="label_NotesDue2029Member_1" xlink:title="Label : NotesDue2029Member to label_NotesDue2029Member_1" />
    <link:label xlink:type="resource" xlink:label="label_NotesDue2029Member_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NotesDue2029Member_2" xml:lang="en-US" id="label_NotesDue2029Member_2">This member stands for the information pertaining to notes due in 2029.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesDue2029Member" xlink:to="label_NotesDue2029Member_2" xlink:title="Label : NotesDue2029Member to label_NotesDue2029Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NotesDue2026Member" xlink:label="NotesDue2026Member" xlink:title="NotesDue2026Member" />
    <link:label xlink:type="resource" xlink:label="label_NotesDue2026Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotesDue2026Member" xml:lang="en-US" id="label_NotesDue2026Member">Senior Notes due in 2026 (&#x201C;Notes 2026&#x201D;)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesDue2026Member" xlink:to="label_NotesDue2026Member" xlink:title="Label : NotesDue2026Member to label_NotesDue2026Member" />
    <link:label xlink:type="resource" xlink:label="label_NotesDue2026Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NotesDue2026Member_1" xml:lang="en-US" id="label_NotesDue2026Member_1">Notes due 2026 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesDue2026Member" xlink:to="label_NotesDue2026Member_1" xlink:title="Label : NotesDue2026Member to label_NotesDue2026Member_1" />
    <link:label xlink:type="resource" xlink:label="label_NotesDue2026Member_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NotesDue2026Member_2" xml:lang="en-US" id="label_NotesDue2026Member_2">This member stands for the information pertaining to notes due in 2026.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesDue2026Member" xlink:to="label_NotesDue2026Member_2" xlink:title="Label : NotesDue2026Member to label_NotesDue2026Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebtInstrumentsDomain" xlink:label="DebtInstrumentsDomain" xlink:title="DebtInstrumentsDomain" />
    <link:label xlink:type="resource" xlink:label="label_DebtInstrumentsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentsDomain" xml:lang="en-US" id="label_DebtInstrumentsDomain">Debt Instruments [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentsDomain" xlink:to="label_DebtInstrumentsDomain" xlink:title="Label : DebtInstrumentsDomain to label_DebtInstrumentsDomain" />
    <link:label xlink:type="resource" xlink:label="label_DebtInstrumentsDomain_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebtInstrumentsDomain_1" xml:lang="en-US" id="label_DebtInstrumentsDomain_1">The name for the particular debt instrument or borrowing that distinguishes it from other debt instruments or borrowings, including draws against credit facilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentsDomain" xlink:to="label_DebtInstrumentsDomain_1" xlink:title="Label : DebtInstrumentsDomain to label_DebtInstrumentsDomain_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebtInstrumentsAxis" xlink:label="DebtInstrumentsAxis" xlink:title="DebtInstrumentsAxis" />
    <link:label xlink:type="resource" xlink:label="label_DebtInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentsAxis" xml:lang="en-US" id="label_DebtInstrumentsAxis">Debt Instruments [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentsAxis" xlink:to="label_DebtInstrumentsAxis" xlink:title="Label : DebtInstrumentsAxis to label_DebtInstrumentsAxis" />
    <link:label xlink:type="resource" xlink:label="label_DebtInstrumentsAxis_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebtInstrumentsAxis_1" xml:lang="en-US" id="label_DebtInstrumentsAxis_1">Information by type of debt instrument, including, but not limited to, draws against credit facilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentsAxis" xlink:to="label_DebtInstrumentsAxis_1" xlink:title="Label : DebtInstrumentsAxis to label_DebtInstrumentsAxis_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AgribusinessCreditRightsCertificateMember" xlink:label="AgribusinessCreditRightsCertificateMember" xlink:title="AgribusinessCreditRightsCertificateMember" />
    <link:label xlink:type="resource" xlink:label="label_AgribusinessCreditRightsCertificateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AgribusinessCreditRightsCertificateMember" xml:lang="en-US" id="label_AgribusinessCreditRightsCertificateMember">Agribusiness credit rights certificate [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AgribusinessCreditRightsCertificateMember" xlink:to="label_AgribusinessCreditRightsCertificateMember" xlink:title="Label : AgribusinessCreditRightsCertificateMember to label_AgribusinessCreditRightsCertificateMember" />
    <link:label xlink:type="resource" xlink:label="label_AgribusinessCreditRightsCertificateMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AgribusinessCreditRightsCertificateMember_1" xml:lang="en-US" id="label_AgribusinessCreditRightsCertificateMember_1">Agribusiness Credit Rights Certificate [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AgribusinessCreditRightsCertificateMember" xlink:to="label_AgribusinessCreditRightsCertificateMember_1" xlink:title="Label : AgribusinessCreditRightsCertificateMember to label_AgribusinessCreditRightsCertificateMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AgribusinessCreditRightsCertificateMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AgribusinessCreditRightsCertificateMember_2" xml:lang="en-US" id="label_AgribusinessCreditRightsCertificateMember_2">This member stands for the information pertaining to Agribusiness Credit Rights Certificate.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AgribusinessCreditRightsCertificateMember" xlink:to="label_AgribusinessCreditRightsCertificateMember_2" xlink:title="Label : AgribusinessCreditRightsCertificateMember to label_AgribusinessCreditRightsCertificateMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_BankCreditNoteMember" xlink:label="BankCreditNoteMember" xlink:title="BankCreditNoteMember" />
    <link:label xlink:type="resource" xlink:label="label_BankCreditNoteMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BankCreditNoteMember" xml:lang="en-US" id="label_BankCreditNoteMember">This member stands for the information pertaining to bank credit note.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BankCreditNoteMember" xlink:to="label_BankCreditNoteMember" xlink:title="Label : BankCreditNoteMember to label_BankCreditNoteMember" />
    <link:label xlink:type="resource" xlink:label="label_BankCreditNoteMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BankCreditNoteMember_1" xml:lang="en-US" id="label_BankCreditNoteMember_1">Bank credit note [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BankCreditNoteMember" xlink:to="label_BankCreditNoteMember_1" xlink:title="Label : BankCreditNoteMember to label_BankCreditNoteMember_1" />
    <link:label xlink:type="resource" xlink:label="label_BankCreditNoteMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BankCreditNoteMember_2" xml:lang="en-US" id="label_BankCreditNoteMember_2">Bank Credit Note [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BankCreditNoteMember" xlink:to="label_BankCreditNoteMember_2" xlink:title="Label : BankCreditNoteMember to label_BankCreditNoteMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ForeignLoanSevenMember" xlink:label="ForeignLoanSevenMember" xlink:title="ForeignLoanSevenMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoanSevenMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignLoanSevenMember" xml:lang="en-US" id="label_ForeignLoanSevenMember">Foreign Loan Seven [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoanSevenMember" xlink:to="label_ForeignLoanSevenMember" xlink:title="Label : ForeignLoanSevenMember to label_ForeignLoanSevenMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoanSevenMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ForeignLoanSevenMember_1" xml:lang="en-US" id="label_ForeignLoanSevenMember_1">Foreign loan seven [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoanSevenMember" xlink:to="label_ForeignLoanSevenMember_1" xlink:title="Label : ForeignLoanSevenMember to label_ForeignLoanSevenMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoanSevenMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignLoanSevenMember_2" xml:lang="en-US" id="label_ForeignLoanSevenMember_2">This member stands for the information pertaining to foreign loan seven.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoanSevenMember" xlink:to="label_ForeignLoanSevenMember_2" xlink:title="Label : ForeignLoanSevenMember to label_ForeignLoanSevenMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ForeignLoanSixMember" xlink:label="ForeignLoanSixMember" xlink:title="ForeignLoanSixMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoanSixMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignLoanSixMember" xml:lang="en-US" id="label_ForeignLoanSixMember">Foreign Loan Six [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoanSixMember" xlink:to="label_ForeignLoanSixMember" xlink:title="Label : ForeignLoanSixMember to label_ForeignLoanSixMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoanSixMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ForeignLoanSixMember_1" xml:lang="en-US" id="label_ForeignLoanSixMember_1">Foreign loan six [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoanSixMember" xlink:to="label_ForeignLoanSixMember_1" xlink:title="Label : ForeignLoanSixMember to label_ForeignLoanSixMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoanSixMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignLoanSixMember_2" xml:lang="en-US" id="label_ForeignLoanSixMember_2">This member stands for the information pertaining to foreign loan six.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoanSixMember" xlink:to="label_ForeignLoanSixMember_2" xlink:title="Label : ForeignLoanSixMember to label_ForeignLoanSixMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ForeignLoanFiveMember" xlink:label="ForeignLoanFiveMember" xlink:title="ForeignLoanFiveMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoanFiveMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignLoanFiveMember" xml:lang="en-US" id="label_ForeignLoanFiveMember">Foreign Loan Five [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoanFiveMember" xlink:to="label_ForeignLoanFiveMember" xlink:title="Label : ForeignLoanFiveMember to label_ForeignLoanFiveMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoanFiveMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ForeignLoanFiveMember_1" xml:lang="en-US" id="label_ForeignLoanFiveMember_1">Foreign loan five [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoanFiveMember" xlink:to="label_ForeignLoanFiveMember_1" xlink:title="Label : ForeignLoanFiveMember to label_ForeignLoanFiveMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoanFiveMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignLoanFiveMember_2" xml:lang="en-US" id="label_ForeignLoanFiveMember_2">This member stands for the information pertaining to foreign loan five.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoanFiveMember" xlink:to="label_ForeignLoanFiveMember_2" xlink:title="Label : ForeignLoanFiveMember to label_ForeignLoanFiveMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ForeignLoanFourMember" xlink:label="ForeignLoanFourMember" xlink:title="ForeignLoanFourMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoanFourMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignLoanFourMember" xml:lang="en-US" id="label_ForeignLoanFourMember">This member stands for the information pertaining to foreign loan four.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoanFourMember" xlink:to="label_ForeignLoanFourMember" xlink:title="Label : ForeignLoanFourMember to label_ForeignLoanFourMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoanFourMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ForeignLoanFourMember_1" xml:lang="en-US" id="label_ForeignLoanFourMember_1">Foreign loan four [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoanFourMember" xlink:to="label_ForeignLoanFourMember_1" xlink:title="Label : ForeignLoanFourMember to label_ForeignLoanFourMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoanFourMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignLoanFourMember_2" xml:lang="en-US" id="label_ForeignLoanFourMember_2">Foreign Loan Four [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoanFourMember" xlink:to="label_ForeignLoanFourMember_2" xlink:title="Label : ForeignLoanFourMember to label_ForeignLoanFourMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ForeignLoanThreeMember" xlink:label="ForeignLoanThreeMember" xlink:title="ForeignLoanThreeMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoanThreeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignLoanThreeMember" xml:lang="en-US" id="label_ForeignLoanThreeMember">Foreign loan three [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoanThreeMember" xlink:to="label_ForeignLoanThreeMember" xlink:title="Label : ForeignLoanThreeMember to label_ForeignLoanThreeMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoanThreeMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ForeignLoanThreeMember_1" xml:lang="en-US" id="label_ForeignLoanThreeMember_1">Foreign loan three [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoanThreeMember" xlink:to="label_ForeignLoanThreeMember_1" xlink:title="Label : ForeignLoanThreeMember to label_ForeignLoanThreeMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoanThreeMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignLoanThreeMember_2" xml:lang="en-US" id="label_ForeignLoanThreeMember_2">This member stands for the information pertaining to foreign loan three.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoanThreeMember" xlink:to="label_ForeignLoanThreeMember_2" xlink:title="Label : ForeignLoanThreeMember to label_ForeignLoanThreeMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ForeignLoanTwoMember" xlink:label="ForeignLoanTwoMember" xlink:title="ForeignLoanTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoanTwoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignLoanTwoMember" xml:lang="en-US" id="label_ForeignLoanTwoMember">Foreign loan two [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoanTwoMember" xlink:to="label_ForeignLoanTwoMember" xlink:title="Label : ForeignLoanTwoMember to label_ForeignLoanTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoanTwoMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ForeignLoanTwoMember_1" xml:lang="en-US" id="label_ForeignLoanTwoMember_1">Foreign loan two [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoanTwoMember" xlink:to="label_ForeignLoanTwoMember_1" xlink:title="Label : ForeignLoanTwoMember to label_ForeignLoanTwoMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoanTwoMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignLoanTwoMember_2" xml:lang="en-US" id="label_ForeignLoanTwoMember_2">This member stands for the information pertaining to foreign loan two.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoanTwoMember" xlink:to="label_ForeignLoanTwoMember_2" xlink:title="Label : ForeignLoanTwoMember to label_ForeignLoanTwoMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ForeignLoanOneMember" xlink:label="ForeignLoanOneMember" xlink:title="ForeignLoanOneMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoanOneMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignLoanOneMember" xml:lang="en-US" id="label_ForeignLoanOneMember">Foreign loan one [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoanOneMember" xlink:to="label_ForeignLoanOneMember" xlink:title="Label : ForeignLoanOneMember to label_ForeignLoanOneMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:label="OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:title="OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xml:lang="en-US" id="label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans">Actuarial losses of post-employment benefits, net of income taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:to="label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:title="Label : OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans to label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoanOneMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ForeignLoanOneMember_1" xml:lang="en-US" id="label_ForeignLoanOneMember_1">Foreign loan one [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoanOneMember" xlink:to="label_ForeignLoanOneMember_1" xlink:title="Label : ForeignLoanOneMember to label_ForeignLoanOneMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoanOneMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignLoanOneMember_2" xml:lang="en-US" id="label_ForeignLoanOneMember_2">This member stands for the information pertaining to foreign loan one.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoanOneMember" xlink:to="label_ForeignLoanOneMember_2" xlink:title="Label : ForeignLoanOneMember to label_ForeignLoanOneMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ChargesMember" xlink:label="ChargesMember" xlink:title="ChargesMember" />
    <link:label xlink:type="resource" xlink:label="label_ChargesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ChargesMember" xml:lang="en-US" id="label_ChargesMember">Charges [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChargesMember" xlink:to="label_ChargesMember" xlink:title="Label : ChargesMember to label_ChargesMember" />
    <link:label xlink:type="resource" xlink:label="label_ChargesMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChargesMember_1" xml:lang="en-US" id="label_ChargesMember_1">Charges [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChargesMember" xlink:to="label_ChargesMember_1" xlink:title="Label : ChargesMember to label_ChargesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ChargesMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ChargesMember_2" xml:lang="en-US" id="label_ChargesMember_2">This member stands for the information pertaining to borrowing charges including interest.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChargesMember" xlink:to="label_ChargesMember_2" xlink:title="Label : ChargesMember to label_ChargesMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ForeignLoanDomain" xlink:label="ForeignLoanDomain" xlink:title="ForeignLoanDomain" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoanDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignLoanDomain" xml:lang="en-US" id="label_ForeignLoanDomain">Foreign loan [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoanDomain" xlink:to="label_ForeignLoanDomain" xlink:title="Label : ForeignLoanDomain to label_ForeignLoanDomain" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoanDomain_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ForeignLoanDomain_1" xml:lang="en-US" id="label_ForeignLoanDomain_1">Foreign loan [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoanDomain" xlink:to="label_ForeignLoanDomain_1" xlink:title="Label : ForeignLoanDomain to label_ForeignLoanDomain_1" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoanDomain_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignLoanDomain_2" xml:lang="en-US" id="label_ForeignLoanDomain_2">Foreign loan [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoanDomain" xlink:to="label_ForeignLoanDomain_2" xlink:title="Label : ForeignLoanDomain to label_ForeignLoanDomain_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ForeignLoanAxis" xlink:label="ForeignLoanAxis" xlink:title="ForeignLoanAxis" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoanAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignLoanAxis" xml:lang="en-US" id="label_ForeignLoanAxis">Foreign loan [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoanAxis" xlink:to="label_ForeignLoanAxis" xlink:title="Label : ForeignLoanAxis to label_ForeignLoanAxis" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoanAxis_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ForeignLoanAxis_1" xml:lang="en-US" id="label_ForeignLoanAxis_1">Foreign loan [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoanAxis" xlink:to="label_ForeignLoanAxis_1" xlink:title="Label : ForeignLoanAxis to label_ForeignLoanAxis_1" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoanAxis_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignLoanAxis_2" xml:lang="en-US" id="label_ForeignLoanAxis_2">Foreign loan [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoanAxis" xlink:to="label_ForeignLoanAxis_2" xlink:title="Label : ForeignLoanAxis to label_ForeignLoanAxis_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NotesAndDebenturesIssued" xlink:label="NotesAndDebenturesIssued" xlink:title="NotesAndDebenturesIssued" />
    <link:label xlink:type="resource" xlink:label="label_NotesAndDebenturesIssued" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NotesAndDebenturesIssued" xml:lang="en-US" id="label_NotesAndDebenturesIssued">Debentures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesAndDebenturesIssued" xlink:to="label_NotesAndDebenturesIssued" xlink:title="Label : NotesAndDebenturesIssued to label_NotesAndDebenturesIssued" />
    <link:label xlink:type="resource" xlink:label="label_NotesAndDebenturesIssued_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotesAndDebenturesIssued_1" xml:lang="en-US" id="label_NotesAndDebenturesIssued_1">Notes and debentures issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesAndDebenturesIssued" xlink:to="label_NotesAndDebenturesIssued_1" xlink:title="Label : NotesAndDebenturesIssued to label_NotesAndDebenturesIssued_1" />
    <link:label xlink:type="resource" xlink:label="label_NotesAndDebenturesIssued_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NotesAndDebenturesIssued_2" xml:lang="en-US" id="label_NotesAndDebenturesIssued_2">Notes to foreign market</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesAndDebenturesIssued" xlink:to="label_NotesAndDebenturesIssued_2" xlink:title="Label : NotesAndDebenturesIssued to label_NotesAndDebenturesIssued_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BorrowingCostsRecognisedAsExpense" xlink:label="BorrowingCostsRecognisedAsExpense" xlink:title="BorrowingCostsRecognisedAsExpense" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingCostsRecognisedAsExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingCostsRecognisedAsExpense" xml:lang="en-US" id="label_BorrowingCostsRecognisedAsExpense">Borrowing costs recognised as expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingCostsRecognisedAsExpense" xlink:to="label_BorrowingCostsRecognisedAsExpense" xlink:title="Label : BorrowingCostsRecognisedAsExpense to label_BorrowingCostsRecognisedAsExpense" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingCostsRecognisedAsExpense_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_BorrowingCostsRecognisedAsExpense_1" xml:lang="en-US" id="label_BorrowingCostsRecognisedAsExpense_1">Charges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingCostsRecognisedAsExpense" xlink:to="label_BorrowingCostsRecognisedAsExpense_1" xlink:title="Label : BorrowingCostsRecognisedAsExpense to label_BorrowingCostsRecognisedAsExpense_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MaturityElevenMember" xlink:label="MaturityElevenMember" xlink:title="MaturityElevenMember" />
    <link:label xlink:type="resource" xlink:label="label_MaturityElevenMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MaturityElevenMember" xml:lang="en-US" id="label_MaturityElevenMember">Jun/2032</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityElevenMember" xlink:to="label_MaturityElevenMember" xlink:title="Label : MaturityElevenMember to label_MaturityElevenMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_1" xml:lang="en-US" id="label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_1">Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit plans</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:to="label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_1" xlink:title="Label : OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans to label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_1" />
    <link:label xlink:type="resource" xlink:label="label_MaturityElevenMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaturityElevenMember_1" xml:lang="en-US" id="label_MaturityElevenMember_1">This member stands for the information pertaining to maturity Eleven.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityElevenMember" xlink:to="label_MaturityElevenMember_1" xlink:title="Label : MaturityElevenMember to label_MaturityElevenMember_1" />
    <link:label xlink:type="resource" xlink:label="label_MaturityElevenMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaturityElevenMember_2" xml:lang="en-US" id="label_MaturityElevenMember_2">Maturity Eleven [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityElevenMember" xlink:to="label_MaturityElevenMember_2" xlink:title="Label : MaturityElevenMember to label_MaturityElevenMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MaturityTenMember" xlink:label="MaturityTenMember" xlink:title="MaturityTenMember" />
    <link:label xlink:type="resource" xlink:label="label_MaturityTenMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MaturityTenMember" xml:lang="en-US" id="label_MaturityTenMember">Jun/2031</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityTenMember" xlink:to="label_MaturityTenMember" xlink:title="Label : MaturityTenMember to label_MaturityTenMember" />
    <link:label xlink:type="resource" xlink:label="label_MaturityTenMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaturityTenMember_1" xml:lang="en-US" id="label_MaturityTenMember_1">Maturity Ten [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityTenMember" xlink:to="label_MaturityTenMember_1" xlink:title="Label : MaturityTenMember to label_MaturityTenMember_1" />
    <link:label xlink:type="resource" xlink:label="label_MaturityTenMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaturityTenMember_2" xml:lang="en-US" id="label_MaturityTenMember_2">This member stands for the information pertaining to maturity ten.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityTenMember" xlink:to="label_MaturityTenMember_2" xlink:title="Label : MaturityTenMember to label_MaturityTenMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MaturityNineMember" xlink:label="MaturityNineMember" xlink:title="MaturityNineMember" />
    <link:label xlink:type="resource" xlink:label="label_MaturityNineMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MaturityNineMember" xml:lang="en-US" id="label_MaturityNineMember">Jun/2030</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityNineMember" xlink:to="label_MaturityNineMember" xlink:title="Label : MaturityNineMember to label_MaturityNineMember" />
    <link:label xlink:type="resource" xlink:label="label_MaturityNineMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaturityNineMember_1" xml:lang="en-US" id="label_MaturityNineMember_1">Maturity Nine [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityNineMember" xlink:to="label_MaturityNineMember_1" xlink:title="Label : MaturityNineMember to label_MaturityNineMember_1" />
    <link:label xlink:type="resource" xlink:label="label_MaturityNineMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaturityNineMember_2" xml:lang="en-US" id="label_MaturityNineMember_2">This member stands for the information pertaining to maturity nine.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityNineMember" xlink:to="label_MaturityNineMember_2" xlink:title="Label : MaturityNineMember to label_MaturityNineMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MaturityEightMember" xlink:label="MaturityEightMember" xlink:title="MaturityEightMember" />
    <link:label xlink:type="resource" xlink:label="label_MaturityEightMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MaturityEightMember" xml:lang="en-US" id="label_MaturityEightMember">Sep/2028</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityEightMember" xlink:to="label_MaturityEightMember" xlink:title="Label : MaturityEightMember to label_MaturityEightMember" />
    <link:label xlink:type="resource" xlink:label="label_MaturityEightMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaturityEightMember_1" xml:lang="en-US" id="label_MaturityEightMember_1">Maturity Eight [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityEightMember" xlink:to="label_MaturityEightMember_1" xlink:title="Label : MaturityEightMember to label_MaturityEightMember_1" />
    <link:label xlink:type="resource" xlink:label="label_MaturityEightMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaturityEightMember_2" xml:lang="en-US" id="label_MaturityEightMember_2">This member stands for the information pertaining to maturity eight.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityEightMember" xlink:to="label_MaturityEightMember_2" xlink:title="Label : MaturityEightMember to label_MaturityEightMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MaturitySevenMember" xlink:label="MaturitySevenMember" xlink:title="MaturitySevenMember" />
    <link:label xlink:type="resource" xlink:label="label_MaturitySevenMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaturitySevenMember" xml:lang="en-US" id="label_MaturitySevenMember">This member stands for the information pertaining to maturity seven.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturitySevenMember" xlink:to="label_MaturitySevenMember" xlink:title="Label : MaturitySevenMember to label_MaturitySevenMember" />
    <link:label xlink:type="resource" xlink:label="label_MaturitySevenMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MaturitySevenMember_1" xml:lang="en-US" id="label_MaturitySevenMember_1">Maturity in May 2022 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturitySevenMember" xlink:to="label_MaturitySevenMember_1" xlink:title="Label : MaturitySevenMember to label_MaturitySevenMember_1" />
    <link:label xlink:type="resource" xlink:label="label_MaturitySevenMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaturitySevenMember_2" xml:lang="en-US" id="label_MaturitySevenMember_2">Maturity Seven [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturitySevenMember" xlink:to="label_MaturitySevenMember_2" xlink:title="Label : MaturitySevenMember to label_MaturitySevenMember_2" />
    <link:label xlink:type="resource" xlink:label="label_MaturitySevenMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_MaturitySevenMember_3" xml:lang="en-US" id="label_MaturitySevenMember_3">Mar/2028</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturitySevenMember" xlink:to="label_MaturitySevenMember_3" xlink:title="Label : MaturitySevenMember to label_MaturitySevenMember_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MaturitySixMember" xlink:label="MaturitySixMember" xlink:title="MaturitySixMember" />
    <link:label xlink:type="resource" xlink:label="label_MaturitySixMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_MaturitySixMember" xml:lang="en-US" id="label_MaturitySixMember">Jul/2027</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturitySixMember" xlink:to="label_MaturitySixMember" xlink:title="Label : MaturitySixMember to label_MaturitySixMember" />
    <link:label xlink:type="resource" xlink:label="label_MaturitySixMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaturitySixMember_1" xml:lang="en-US" id="label_MaturitySixMember_1">Maturity Six [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturitySixMember" xlink:to="label_MaturitySixMember_1" xlink:title="Label : MaturitySixMember to label_MaturitySixMember_1" />
    <link:label xlink:type="resource" xlink:label="label_MaturitySixMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MaturitySixMember_2" xml:lang="en-US" id="label_MaturitySixMember_2">Maturity in May 2021 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturitySixMember" xlink:to="label_MaturitySixMember_2" xlink:title="Label : MaturitySixMember to label_MaturitySixMember_2" />
    <link:label xlink:type="resource" xlink:label="label_MaturitySixMember_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaturitySixMember_3" xml:lang="en-US" id="label_MaturitySixMember_3">This member stands for the information pertaining to maturity six.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturitySixMember" xlink:to="label_MaturitySixMember_3" xlink:title="Label : MaturitySixMember to label_MaturitySixMember_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MaturityFiveMember" xlink:label="MaturityFiveMember" xlink:title="MaturityFiveMember" />
    <link:label xlink:type="resource" xlink:label="label_MaturityFiveMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaturityFiveMember" xml:lang="en-US" id="label_MaturityFiveMember">Maturity Five [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityFiveMember" xlink:to="label_MaturityFiveMember" xlink:title="Label : MaturityFiveMember to label_MaturityFiveMember" />
    <link:label xlink:type="resource" xlink:label="label_MaturityFiveMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaturityFiveMember_1" xml:lang="en-US" id="label_MaturityFiveMember_1">This member stands for the information pertaining to maturity five.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityFiveMember" xlink:to="label_MaturityFiveMember_1" xlink:title="Label : MaturityFiveMember to label_MaturityFiveMember_1" />
    <link:label xlink:type="resource" xlink:label="label_MaturityFiveMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MaturityFiveMember_2" xml:lang="en-US" id="label_MaturityFiveMember_2">Jun/2027</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityFiveMember" xlink:to="label_MaturityFiveMember_2" xlink:title="Label : MaturityFiveMember to label_MaturityFiveMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MaturityFourMember" xlink:label="MaturityFourMember" xlink:title="MaturityFourMember" />
    <link:label xlink:type="resource" xlink:label="label_MaturityFourMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaturityFourMember" xml:lang="en-US" id="label_MaturityFourMember">Maturity Four [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityFourMember" xlink:to="label_MaturityFourMember" xlink:title="Label : MaturityFourMember to label_MaturityFourMember" />
    <link:label xlink:type="resource" xlink:label="label_MaturityFourMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaturityFourMember_1" xml:lang="en-US" id="label_MaturityFourMember_1">This member stands for the information pertaining to maturity four.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityFourMember" xlink:to="label_MaturityFourMember_1" xlink:title="Label : MaturityFourMember to label_MaturityFourMember_1" />
    <link:label xlink:type="resource" xlink:label="label_MaturityFourMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MaturityFourMember_2" xml:lang="en-US" id="label_MaturityFourMember_2">Dec/2025</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityFourMember" xlink:to="label_MaturityFourMember_2" xlink:title="Label : MaturityFourMember to label_MaturityFourMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MaturityThreeMember" xlink:label="MaturityThreeMember" xlink:title="MaturityThreeMember" />
    <link:label xlink:type="resource" xlink:label="label_MaturityThreeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaturityThreeMember" xml:lang="en-US" id="label_MaturityThreeMember">Maturity Three [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityThreeMember" xlink:to="label_MaturityThreeMember" xlink:title="Label : MaturityThreeMember to label_MaturityThreeMember" />
    <link:label xlink:type="resource" xlink:label="label_MaturityThreeMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaturityThreeMember_1" xml:lang="en-US" id="label_MaturityThreeMember_1">This member stands for the information pertaining to maturity three.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityThreeMember" xlink:to="label_MaturityThreeMember_1" xlink:title="Label : MaturityThreeMember to label_MaturityThreeMember_1" />
    <link:label xlink:type="resource" xlink:label="label_MaturityThreeMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MaturityThreeMember_2" xml:lang="en-US" id="label_MaturityThreeMember_2">Nov/2024</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityThreeMember" xlink:to="label_MaturityThreeMember_2" xlink:title="Label : MaturityThreeMember to label_MaturityThreeMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MaturityTwoMember" xlink:label="MaturityTwoMember" xlink:title="MaturityTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_MaturityTwoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaturityTwoMember" xml:lang="en-US" id="label_MaturityTwoMember">Maturity Two [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityTwoMember" xlink:to="label_MaturityTwoMember" xlink:title="Label : MaturityTwoMember to label_MaturityTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_MaturityTwoMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaturityTwoMember_1" xml:lang="en-US" id="label_MaturityTwoMember_1">This member stands for the information pertaining to maturity two.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityTwoMember" xlink:to="label_MaturityTwoMember_1" xlink:title="Label : MaturityTwoMember to label_MaturityTwoMember_1" />
    <link:label xlink:type="resource" xlink:label="label_MaturityTwoMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MaturityTwoMember_2" xml:lang="en-US" id="label_MaturityTwoMember_2">Oct/2024</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityTwoMember" xlink:to="label_MaturityTwoMember_2" xlink:title="Label : MaturityTwoMember to label_MaturityTwoMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MaturityOneMember" xlink:label="MaturityOneMember" xlink:title="MaturityOneMember" />
    <link:label xlink:type="resource" xlink:label="label_MaturityOneMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaturityOneMember" xml:lang="en-US" id="label_MaturityOneMember">Maturity One [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityOneMember" xlink:to="label_MaturityOneMember" xlink:title="Label : MaturityOneMember to label_MaturityOneMember" />
    <link:label xlink:type="resource" xlink:label="label_MaturityOneMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaturityOneMember_1" xml:lang="en-US" id="label_MaturityOneMember_1">This member stands for the information pertaining to maturity one.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityOneMember" xlink:to="label_MaturityOneMember_1" xlink:title="Label : MaturityOneMember to label_MaturityOneMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_2" xml:lang="en-US" id="label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_2">Actuarial gains (losses) of post-employment benefits, net of income and social contribution taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:to="label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_2" xlink:title="Label : OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans to label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_2" />
    <link:label xlink:type="resource" xlink:label="label_MaturityOneMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MaturityOneMember_2" xml:lang="en-US" id="label_MaturityOneMember_2">Apr/2024</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityOneMember" xlink:to="label_MaturityOneMember_2" xlink:title="Label : MaturityOneMember to label_MaturityOneMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfDebenturesIssued" xlink:label="NumberOfDebenturesIssued" xlink:title="NumberOfDebenturesIssued" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfDebenturesIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfDebenturesIssued" xml:lang="en-US" id="label_NumberOfDebenturesIssued">Number of debentures issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfDebenturesIssued" xlink:to="label_NumberOfDebenturesIssued" xlink:title="Label : NumberOfDebenturesIssued to label_NumberOfDebenturesIssued" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfDebenturesIssued_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfDebenturesIssued_1" xml:lang="en-US" id="label_NumberOfDebenturesIssued_1">Second series simple nominative nonconvertible unsecured registered debentures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfDebenturesIssued" xlink:to="label_NumberOfDebenturesIssued_1" xlink:title="Label : NumberOfDebenturesIssued to label_NumberOfDebenturesIssued_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfDebenturesIssued_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfDebenturesIssued_2" xml:lang="en-US" id="label_NumberOfDebenturesIssued_2">The number of debentures issued.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfDebenturesIssued" xlink:to="label_NumberOfDebenturesIssued_2" xlink:title="Label : NumberOfDebenturesIssued to label_NumberOfDebenturesIssued_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfDebenturesDistributedThroughPublicOffer" xlink:label="NumberOfDebenturesDistributedThroughPublicOffer" xlink:title="NumberOfDebenturesDistributedThroughPublicOffer" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfDebenturesDistributedThroughPublicOffer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfDebenturesDistributedThroughPublicOffer" xml:lang="en-US" id="label_NumberOfDebenturesDistributedThroughPublicOffer">Number of debentures distributed through public offer</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfDebenturesDistributedThroughPublicOffer" xlink:to="label_NumberOfDebenturesDistributedThroughPublicOffer" xlink:title="Label : NumberOfDebenturesDistributedThroughPublicOffer to label_NumberOfDebenturesDistributedThroughPublicOffer" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfDebenturesDistributedThroughPublicOffer_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfDebenturesDistributedThroughPublicOffer_1" xml:lang="en-US" id="label_NumberOfDebenturesDistributedThroughPublicOffer_1">Simple nominative nonconvertible unsecured registered debentures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfDebenturesDistributedThroughPublicOffer" xlink:to="label_NumberOfDebenturesDistributedThroughPublicOffer_1" xlink:title="Label : NumberOfDebenturesDistributedThroughPublicOffer to label_NumberOfDebenturesDistributedThroughPublicOffer_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfDebenturesDistributedThroughPublicOffer_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfDebenturesDistributedThroughPublicOffer_2" xml:lang="en-US" id="label_NumberOfDebenturesDistributedThroughPublicOffer_2">The number of debentures distributed through public offer.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfDebenturesDistributedThroughPublicOffer" xlink:to="label_NumberOfDebenturesDistributedThroughPublicOffer_2" xlink:title="Label : NumberOfDebenturesDistributedThroughPublicOffer to label_NumberOfDebenturesDistributedThroughPublicOffer_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfDebentureSeriesIssued" xlink:label="NumberOfDebentureSeriesIssued" xlink:title="NumberOfDebentureSeriesIssued" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfDebentureSeriesIssued" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfDebentureSeriesIssued" xml:lang="en-US" id="label_NumberOfDebentureSeriesIssued">The number of debenture series issued in public market during period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfDebentureSeriesIssued" xlink:to="label_NumberOfDebentureSeriesIssued" xlink:title="Label : NumberOfDebentureSeriesIssued to label_NumberOfDebentureSeriesIssued" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfDebentureSeriesIssued_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfDebentureSeriesIssued_1" xml:lang="en-US" id="label_NumberOfDebentureSeriesIssued_1">Number of debenture series</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfDebentureSeriesIssued" xlink:to="label_NumberOfDebentureSeriesIssued_1" xlink:title="Label : NumberOfDebentureSeriesIssued to label_NumberOfDebentureSeriesIssued_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:label="ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:title="ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xml:lang="en-US" id="label_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract">Items that will not be subsequently reclassified to profit or loss:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:to="label_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:title="Label : ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract to label_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfDebentureSeriesIssued_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfDebentureSeriesIssued_2" xml:lang="en-US" id="label_NumberOfDebentureSeriesIssued_2">Number of Debenture Series Issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfDebentureSeriesIssued" xlink:to="label_NumberOfDebentureSeriesIssued_2" xlink:title="Label : NumberOfDebentureSeriesIssued to label_NumberOfDebentureSeriesIssued_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MaximumPotentialAmountOfFuturePaymentsOnGuarantees" xlink:label="MaximumPotentialAmountOfFuturePaymentsOnGuarantees" xlink:title="MaximumPotentialAmountOfFuturePaymentsOnGuarantees" />
    <link:label xlink:type="resource" xlink:label="label_MaximumPotentialAmountOfFuturePaymentsOnGuarantees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaximumPotentialAmountOfFuturePaymentsOnGuarantees" xml:lang="en-US" id="label_MaximumPotentialAmountOfFuturePaymentsOnGuarantees">Maximum potential amount of future payments on Guarantees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumPotentialAmountOfFuturePaymentsOnGuarantees" xlink:to="label_MaximumPotentialAmountOfFuturePaymentsOnGuarantees" xlink:title="Label : MaximumPotentialAmountOfFuturePaymentsOnGuarantees to label_MaximumPotentialAmountOfFuturePaymentsOnGuarantees" />
    <link:label xlink:type="resource" xlink:label="label_MaximumPotentialAmountOfFuturePaymentsOnGuarantees_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_MaximumPotentialAmountOfFuturePaymentsOnGuarantees_1" xml:lang="en-US" id="label_MaximumPotentialAmountOfFuturePaymentsOnGuarantees_1">Maximum amount of future payments related to these collaterals</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumPotentialAmountOfFuturePaymentsOnGuarantees" xlink:to="label_MaximumPotentialAmountOfFuturePaymentsOnGuarantees_1" xlink:title="Label : MaximumPotentialAmountOfFuturePaymentsOnGuarantees to label_MaximumPotentialAmountOfFuturePaymentsOnGuarantees_1" />
    <link:label xlink:type="resource" xlink:label="label_MaximumPotentialAmountOfFuturePaymentsOnGuarantees_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaximumPotentialAmountOfFuturePaymentsOnGuarantees_2" xml:lang="en-US" id="label_MaximumPotentialAmountOfFuturePaymentsOnGuarantees_2">The maximum potential amount of future payments on guarantee liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumPotentialAmountOfFuturePaymentsOnGuarantees" xlink:to="label_MaximumPotentialAmountOfFuturePaymentsOnGuarantees_2" xlink:title="Label : MaximumPotentialAmountOfFuturePaymentsOnGuarantees to label_MaximumPotentialAmountOfFuturePaymentsOnGuarantees_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CollateralAssetsLettersOfCreditOrGuarantees" xlink:label="CollateralAssetsLettersOfCreditOrGuarantees" xlink:title="CollateralAssetsLettersOfCreditOrGuarantees" />
    <link:label xlink:type="resource" xlink:label="label_CollateralAssetsLettersOfCreditOrGuarantees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CollateralAssetsLettersOfCreditOrGuarantees" xml:lang="en-US" id="label_CollateralAssetsLettersOfCreditOrGuarantees">Collateral Assets Letters Of Credit Or Guarantees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CollateralAssetsLettersOfCreditOrGuarantees" xlink:to="label_CollateralAssetsLettersOfCreditOrGuarantees" xlink:title="Label : CollateralAssetsLettersOfCreditOrGuarantees to label_CollateralAssetsLettersOfCreditOrGuarantees" />
    <link:label xlink:type="resource" xlink:label="label_CollateralAssetsLettersOfCreditOrGuarantees_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CollateralAssetsLettersOfCreditOrGuarantees_1" xml:lang="en-US" id="label_CollateralAssetsLettersOfCreditOrGuarantees_1">Collateral guarantees to secure letters of credits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CollateralAssetsLettersOfCreditOrGuarantees" xlink:to="label_CollateralAssetsLettersOfCreditOrGuarantees_1" xlink:title="Label : CollateralAssetsLettersOfCreditOrGuarantees to label_CollateralAssetsLettersOfCreditOrGuarantees_1" />
    <link:label xlink:type="resource" xlink:label="label_CollateralAssetsLettersOfCreditOrGuarantees_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CollateralAssetsLettersOfCreditOrGuarantees_2" xml:lang="en-US" id="label_CollateralAssetsLettersOfCreditOrGuarantees_2">The amount of collateral in the form of letters of credit for commercial and legal proceedings.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CollateralAssetsLettersOfCreditOrGuarantees" xlink:to="label_CollateralAssetsLettersOfCreditOrGuarantees_2" xlink:title="Label : CollateralAssetsLettersOfCreditOrGuarantees to label_CollateralAssetsLettersOfCreditOrGuarantees_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_GuaranteesDebtors" xlink:label="GuaranteesDebtors" xlink:title="GuaranteesDebtors" />
    <link:label xlink:type="resource" xlink:label="label_GuaranteesDebtors" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GuaranteesDebtors" xml:lang="en-US" id="label_GuaranteesDebtors">Guarantees debtors</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GuaranteesDebtors" xlink:to="label_GuaranteesDebtors" xlink:title="Label : GuaranteesDebtors to label_GuaranteesDebtors" />
    <link:label xlink:type="resource" xlink:label="label_GuaranteesDebtors_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GuaranteesDebtors_1" xml:lang="en-US" id="label_GuaranteesDebtors_1">Amount of guarantees and promissory notes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GuaranteesDebtors" xlink:to="label_GuaranteesDebtors_1" xlink:title="Label : GuaranteesDebtors to label_GuaranteesDebtors_1" />
    <link:label xlink:type="resource" xlink:label="label_GuaranteesDebtors_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GuaranteesDebtors_2" xml:lang="en-US" id="label_GuaranteesDebtors_2">The amount of guarantees and promissory notes.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GuaranteesDebtors" xlink:to="label_GuaranteesDebtors_2" xlink:title="Label : GuaranteesDebtors to label_GuaranteesDebtors_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebentureReprice" xlink:label="DebentureReprice" xlink:title="DebentureReprice" />
    <link:label xlink:type="resource" xlink:label="label_DebentureReprice" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebentureReprice" xml:lang="en-US" id="label_DebentureReprice">Debenture reprice</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureReprice" xlink:to="label_DebentureReprice" xlink:title="Label : DebentureReprice to label_DebentureReprice" />
    <link:label xlink:type="resource" xlink:label="label_DebentureReprice_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebentureReprice_1" xml:lang="en-US" id="label_DebentureReprice_1">Reprice</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureReprice" xlink:to="label_DebentureReprice_1" xlink:title="Label : DebentureReprice to label_DebentureReprice_1" />
    <link:label xlink:type="resource" xlink:label="label_DebentureReprice_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebentureReprice_2" xml:lang="en-US" id="label_DebentureReprice_2">The description of reprice on borrowings.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureReprice" xlink:to="label_DebentureReprice_2" xlink:title="Label : DebentureReprice to label_DebentureReprice_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FaceValuePerDebtInstrument" xlink:label="FaceValuePerDebtInstrument" xlink:title="FaceValuePerDebtInstrument" />
    <link:label xlink:type="resource" xlink:label="label_FaceValuePerDebtInstrument" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FaceValuePerDebtInstrument" xml:lang="en-US" id="label_FaceValuePerDebtInstrument">Face value unit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FaceValuePerDebtInstrument" xlink:to="label_FaceValuePerDebtInstrument" xlink:title="Label : FaceValuePerDebtInstrument to label_FaceValuePerDebtInstrument" />
    <link:label xlink:type="resource" xlink:label="label_FaceValuePerDebtInstrument_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FaceValuePerDebtInstrument_1" xml:lang="en-US" id="label_FaceValuePerDebtInstrument_1">The nominal value per debt instrument.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FaceValuePerDebtInstrument" xlink:to="label_FaceValuePerDebtInstrument_1" xlink:title="Label : FaceValuePerDebtInstrument to label_FaceValuePerDebtInstrument_1" />
    <link:label xlink:type="resource" xlink:label="label_FaceValuePerDebtInstrument_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FaceValuePerDebtInstrument_2" xml:lang="en-US" id="label_FaceValuePerDebtInstrument_2">Face Value Per Debt Instrument</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FaceValuePerDebtInstrument" xlink:to="label_FaceValuePerDebtInstrument_2" xlink:title="Label : FaceValuePerDebtInstrument to label_FaceValuePerDebtInstrument_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebenturePaymentOfFaceValueDescription" xlink:label="DebenturePaymentOfFaceValueDescription" xlink:title="DebenturePaymentOfFaceValueDescription" />
    <link:label xlink:type="resource" xlink:label="label_DebenturePaymentOfFaceValueDescription" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebenturePaymentOfFaceValueDescription" xml:lang="en-US" id="label_DebenturePaymentOfFaceValueDescription">The description of redemption payment of the face value on borrowings.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturePaymentOfFaceValueDescription" xlink:to="label_DebenturePaymentOfFaceValueDescription" xlink:title="Label : DebenturePaymentOfFaceValueDescription to label_DebenturePaymentOfFaceValueDescription" />
    <link:label xlink:type="resource" xlink:label="label_DebenturePaymentOfFaceValueDescription_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebenturePaymentOfFaceValueDescription_1" xml:lang="en-US" id="label_DebenturePaymentOfFaceValueDescription_1">Nominal amount payment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturePaymentOfFaceValueDescription" xlink:to="label_DebenturePaymentOfFaceValueDescription_1" xlink:title="Label : DebenturePaymentOfFaceValueDescription to label_DebenturePaymentOfFaceValueDescription_1" />
    <link:label xlink:type="resource" xlink:label="label_DebenturePaymentOfFaceValueDescription_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebenturePaymentOfFaceValueDescription_2" xml:lang="en-US" id="label_DebenturePaymentOfFaceValueDescription_2">Debenture payment of face value description</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturePaymentOfFaceValueDescription" xlink:to="label_DebenturePaymentOfFaceValueDescription_2" xlink:title="Label : DebenturePaymentOfFaceValueDescription to label_DebenturePaymentOfFaceValueDescription_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebenturePaymentOfInterestDescription" xlink:label="DebenturePaymentOfInterestDescription" xlink:title="DebenturePaymentOfInterestDescription" />
    <link:label xlink:type="resource" xlink:label="label_DebenturePaymentOfInterestDescription" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebenturePaymentOfInterestDescription" xml:lang="en-US" id="label_DebenturePaymentOfInterestDescription">The description of interest payment frequency on borrowings.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturePaymentOfInterestDescription" xlink:to="label_DebenturePaymentOfInterestDescription" xlink:title="Label : DebenturePaymentOfInterestDescription to label_DebenturePaymentOfInterestDescription" />
    <link:label xlink:type="resource" xlink:label="label_DebenturePaymentOfInterestDescription_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebenturePaymentOfInterestDescription_1" xml:lang="en-US" id="label_DebenturePaymentOfInterestDescription_1">Remuneration payment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturePaymentOfInterestDescription" xlink:to="label_DebenturePaymentOfInterestDescription_1" xlink:title="Label : DebenturePaymentOfInterestDescription to label_DebenturePaymentOfInterestDescription_1" />
    <link:label xlink:type="resource" xlink:label="label_DebenturePaymentOfInterestDescription_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebenturePaymentOfInterestDescription_2" xml:lang="en-US" id="label_DebenturePaymentOfInterestDescription_2">Debenture payment of interest description</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturePaymentOfInterestDescription" xlink:to="label_DebenturePaymentOfInterestDescription_2" xlink:title="Label : DebenturePaymentOfInterestDescription to label_DebenturePaymentOfInterestDescription_2" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsAdjustmentToInterestRateBasis_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsAdjustmentToInterestRateBasis_2" xml:lang="en-US" id="label_BorrowingsAdjustmentToInterestRateBasis_2">Borrowings, adjustment to interest rate basis</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsAdjustmentToInterestRateBasis" xlink:to="label_BorrowingsAdjustmentToInterestRateBasis_2" xlink:title="Label : BorrowingsAdjustmentToInterestRateBasis to label_BorrowingsAdjustmentToInterestRateBasis_2" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsAdjustmentToInterestRateBasis_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BorrowingsAdjustmentToInterestRateBasis_3" xml:lang="en-US" id="label_BorrowingsAdjustmentToInterestRateBasis_3">Borrowings, adjustment to interest rate basis</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsAdjustmentToInterestRateBasis" xlink:to="label_BorrowingsAdjustmentToInterestRateBasis_3" xlink:title="Label : BorrowingsAdjustmentToInterestRateBasis to label_BorrowingsAdjustmentToInterestRateBasis_3" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsAdjustmentToInterestRateBasis_4" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_BorrowingsAdjustmentToInterestRateBasis_4" xml:lang="en-US" id="label_BorrowingsAdjustmentToInterestRateBasis_4">Weighted average hedging instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsAdjustmentToInterestRateBasis" xlink:to="label_BorrowingsAdjustmentToInterestRateBasis_4" xlink:title="Label : BorrowingsAdjustmentToInterestRateBasis to label_BorrowingsAdjustmentToInterestRateBasis_4" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsAdjustmentToInterestRateBasis_5" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel" xlink:title="label_BorrowingsAdjustmentToInterestRateBasis_5" xml:lang="en-US" id="label_BorrowingsAdjustmentToInterestRateBasis_5">Hedge instrument/swap</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsAdjustmentToInterestRateBasis" xlink:to="label_BorrowingsAdjustmentToInterestRateBasis_5" xlink:title="Label : BorrowingsAdjustmentToInterestRateBasis to label_BorrowingsAdjustmentToInterestRateBasis_5" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NotionalAmount" xlink:label="NotionalAmount" xlink:title="NotionalAmount" />
    <link:label xlink:type="resource" xlink:label="label_NotionalAmount" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel" xlink:title="label_NotionalAmount" xml:lang="en-US" id="label_NotionalAmount">Principal</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotionalAmount" xlink:to="label_NotionalAmount" xlink:title="Label : NotionalAmount to label_NotionalAmount" />
    <link:label xlink:type="resource" xlink:label="label_NotionalAmount_1" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_NotionalAmount_1" xml:lang="en-US" id="label_NotionalAmount_1">Borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotionalAmount" xlink:to="label_NotionalAmount_1" xlink:title="Label : NotionalAmount to label_NotionalAmount_1" />
    <link:label xlink:type="resource" xlink:label="label_NotionalAmount_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NotionalAmount_2" xml:lang="en-US" id="label_NotionalAmount_2">Notional amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotionalAmount" xlink:to="label_NotionalAmount_2" xlink:title="Label : NotionalAmount to label_NotionalAmount_2" />
    <link:label xlink:type="resource" xlink:label="label_NotionalAmount_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotionalAmount_3" xml:lang="en-US" id="label_NotionalAmount_3">Notional amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotionalAmount" xlink:to="label_NotionalAmount_3" xlink:title="Label : NotionalAmount to label_NotionalAmount_3" />
    <link:label xlink:type="resource" xlink:label="label_NotionalAmount_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NotionalAmount_4" xml:lang="en-US" id="label_NotionalAmount_4">Face value unit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotionalAmount" xlink:to="label_NotionalAmount_4" xlink:title="Label : NotionalAmount to label_NotionalAmount_4" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_UltracargoSolucoesLogisticaSAMember" xlink:label="UltracargoSolucoesLogisticaSAMember" xlink:title="UltracargoSolucoesLogisticaSAMember" />
    <link:label xlink:type="resource" xlink:label="label_UltracargoSolucoesLogisticaSAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UltracargoSolucoesLogisticaSAMember" xml:lang="en-US" id="label_UltracargoSolucoesLogisticaSAMember">Ultracargo Solucoes Log&#xED;stica S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltracargoSolucoesLogisticaSAMember" xlink:to="label_UltracargoSolucoesLogisticaSAMember" xlink:title="Label : UltracargoSolucoesLogisticaSAMember to label_UltracargoSolucoesLogisticaSAMember" />
    <link:label xlink:type="resource" xlink:label="label_UltracargoSolucoesLogisticaSAMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UltracargoSolucoesLogisticaSAMember_1" xml:lang="en-US" id="label_UltracargoSolucoesLogisticaSAMember_1">Ultracargo Solucoes Log&#xED;stica S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltracargoSolucoesLogisticaSAMember" xlink:to="label_UltracargoSolucoesLogisticaSAMember_1" xlink:title="Label : UltracargoSolucoesLogisticaSAMember to label_UltracargoSolucoesLogisticaSAMember_1" />
    <link:label xlink:type="resource" xlink:label="label_UltracargoSolucoesLogisticaSAMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UltracargoSolucoesLogisticaSAMember_2" xml:lang="en-US" id="label_UltracargoSolucoesLogisticaSAMember_2">This member stands for the information pertaining to Ultracargo Solucoes Log&#xED;stica S.A..</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltracargoSolucoesLogisticaSAMember" xlink:to="label_UltracargoSolucoesLogisticaSAMember_2" xlink:title="Label : UltracargoSolucoesLogisticaSAMember to label_UltracargoSolucoesLogisticaSAMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebenturesThirteenthIssueMember" xlink:label="DebenturesThirteenthIssueMember" xlink:title="DebenturesThirteenthIssueMember" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesThirteenthIssueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebenturesThirteenthIssueMember" xml:lang="en-US" id="label_DebenturesThirteenthIssueMember">This member stands for the information pertaining to debentures thirteenth issue.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesThirteenthIssueMember" xlink:to="label_DebenturesThirteenthIssueMember" xlink:title="Label : DebenturesThirteenthIssueMember to label_DebenturesThirteenthIssueMember" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesThirteenthIssueMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebenturesThirteenthIssueMember_1" xml:lang="en-US" id="label_DebenturesThirteenthIssueMember_1">Debentures thirteenth issue [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesThirteenthIssueMember" xlink:to="label_DebenturesThirteenthIssueMember_1" xlink:title="Label : DebenturesThirteenthIssueMember to label_DebenturesThirteenthIssueMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesThirteenthIssueMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebenturesThirteenthIssueMember_2" xml:lang="en-US" id="label_DebenturesThirteenthIssueMember_2">Debentures Thirteenth Issue [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesThirteenthIssueMember" xlink:to="label_DebenturesThirteenthIssueMember_2" xlink:title="Label : DebenturesThirteenthIssueMember to label_DebenturesThirteenthIssueMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebenturesTwelthIssueMember" xlink:label="DebenturesTwelthIssueMember" xlink:title="DebenturesTwelthIssueMember" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesTwelthIssueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebenturesTwelthIssueMember" xml:lang="en-US" id="label_DebenturesTwelthIssueMember">Debentures Twelth Issue [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesTwelthIssueMember" xlink:to="label_DebenturesTwelthIssueMember" xlink:title="Label : DebenturesTwelthIssueMember to label_DebenturesTwelthIssueMember" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesTwelthIssueMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebenturesTwelthIssueMember_1" xml:lang="en-US" id="label_DebenturesTwelthIssueMember_1">Debentures twelth Issue [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesTwelthIssueMember" xlink:to="label_DebenturesTwelthIssueMember_1" xlink:title="Label : DebenturesTwelthIssueMember to label_DebenturesTwelthIssueMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesTwelthIssueMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebenturesTwelthIssueMember_2" xml:lang="en-US" id="label_DebenturesTwelthIssueMember_2">This member stands for the information pertaining to debentures twelth issue.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesTwelthIssueMember" xlink:to="label_DebenturesTwelthIssueMember_2" xlink:title="Label : DebenturesTwelthIssueMember to label_DebenturesTwelthIssueMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebenturesEleventhIssueMember" xlink:label="DebenturesEleventhIssueMember" xlink:title="DebenturesEleventhIssueMember" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesEleventhIssueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebenturesEleventhIssueMember" xml:lang="en-US" id="label_DebenturesEleventhIssueMember">This member stands for the information pertaining to debentures eleventh issue.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesEleventhIssueMember" xlink:to="label_DebenturesEleventhIssueMember" xlink:title="Label : DebenturesEleventhIssueMember to label_DebenturesEleventhIssueMember" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesEleventhIssueMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebenturesEleventhIssueMember_1" xml:lang="en-US" id="label_DebenturesEleventhIssueMember_1">Debentures eleventh issue [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesEleventhIssueMember" xlink:to="label_DebenturesEleventhIssueMember_1" xlink:title="Label : DebenturesEleventhIssueMember to label_DebenturesEleventhIssueMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesEleventhIssueMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebenturesEleventhIssueMember_2" xml:lang="en-US" id="label_DebenturesEleventhIssueMember_2">Debentures Eleventh Issue [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesEleventhIssueMember" xlink:to="label_DebenturesEleventhIssueMember_2" xlink:title="Label : DebenturesEleventhIssueMember to label_DebenturesEleventhIssueMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebenturesTenthIssueMember" xlink:label="DebenturesTenthIssueMember" xlink:title="DebenturesTenthIssueMember" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesTenthIssueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebenturesTenthIssueMember" xml:lang="en-US" id="label_DebenturesTenthIssueMember">Debentures tenth issue [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesTenthIssueMember" xlink:to="label_DebenturesTenthIssueMember" xlink:title="Label : DebenturesTenthIssueMember to label_DebenturesTenthIssueMember" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesTenthIssueMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebenturesTenthIssueMember_1" xml:lang="en-US" id="label_DebenturesTenthIssueMember_1">Debentures Tenth Issue [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesTenthIssueMember" xlink:to="label_DebenturesTenthIssueMember_1" xlink:title="Label : DebenturesTenthIssueMember to label_DebenturesTenthIssueMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesTenthIssueMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebenturesTenthIssueMember_2" xml:lang="en-US" id="label_DebenturesTenthIssueMember_2">This member stands for the information pertaining to debentures tenth issue.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesTenthIssueMember" xlink:to="label_DebenturesTenthIssueMember_2" xlink:title="Label : DebenturesTenthIssueMember to label_DebenturesTenthIssueMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebenturesEighthIssueMember" xlink:label="DebenturesEighthIssueMember" xlink:title="DebenturesEighthIssueMember" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesEighthIssueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebenturesEighthIssueMember" xml:lang="en-US" id="label_DebenturesEighthIssueMember">Debentures eighth issue [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesEighthIssueMember" xlink:to="label_DebenturesEighthIssueMember" xlink:title="Label : DebenturesEighthIssueMember to label_DebenturesEighthIssueMember" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesEighthIssueMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebenturesEighthIssueMember_1" xml:lang="en-US" id="label_DebenturesEighthIssueMember_1">Debentures eighth issue [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesEighthIssueMember" xlink:to="label_DebenturesEighthIssueMember_1" xlink:title="Label : DebenturesEighthIssueMember to label_DebenturesEighthIssueMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesEighthIssueMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebenturesEighthIssueMember_2" xml:lang="en-US" id="label_DebenturesEighthIssueMember_2">This member stands for the information pertaining to debentures eighth issue.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesEighthIssueMember" xlink:to="label_DebenturesEighthIssueMember_2" xlink:title="Label : DebenturesEighthIssueMember to label_DebenturesEighthIssueMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebenturesSeventhIssueMember" xlink:label="DebenturesSeventhIssueMember" xlink:title="DebenturesSeventhIssueMember" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesSeventhIssueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebenturesSeventhIssueMember" xml:lang="en-US" id="label_DebenturesSeventhIssueMember">Debentures seventh issue [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesSeventhIssueMember" xlink:to="label_DebenturesSeventhIssueMember" xlink:title="Label : DebenturesSeventhIssueMember to label_DebenturesSeventhIssueMember" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesSeventhIssueMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebenturesSeventhIssueMember_1" xml:lang="en-US" id="label_DebenturesSeventhIssueMember_1">Debentures seventh issue [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesSeventhIssueMember" xlink:to="label_DebenturesSeventhIssueMember_1" xlink:title="Label : DebenturesSeventhIssueMember to label_DebenturesSeventhIssueMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesSeventhIssueMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebenturesSeventhIssueMember_2" xml:lang="en-US" id="label_DebenturesSeventhIssueMember_2">This member stands for the information pertaining to debentures seventh issue.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesSeventhIssueMember" xlink:to="label_DebenturesSeventhIssueMember_2" xlink:title="Label : DebenturesSeventhIssueMember to label_DebenturesSeventhIssueMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebenturesSixthIssueMember" xlink:label="DebenturesSixthIssueMember" xlink:title="DebenturesSixthIssueMember" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesSixthIssueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebenturesSixthIssueMember" xml:lang="en-US" id="label_DebenturesSixthIssueMember">Debentures sixth issue [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesSixthIssueMember" xlink:to="label_DebenturesSixthIssueMember" xlink:title="Label : DebenturesSixthIssueMember to label_DebenturesSixthIssueMember" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesSixthIssueMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebenturesSixthIssueMember_1" xml:lang="en-US" id="label_DebenturesSixthIssueMember_1">Debentures sixth issue [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesSixthIssueMember" xlink:to="label_DebenturesSixthIssueMember_1" xlink:title="Label : DebenturesSixthIssueMember to label_DebenturesSixthIssueMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesSixthIssueMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebenturesSixthIssueMember_2" xml:lang="en-US" id="label_DebenturesSixthIssueMember_2">This member stands for the information pertaining to debentures sixth issue.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesSixthIssueMember" xlink:to="label_DebenturesSixthIssueMember_2" xlink:title="Label : DebenturesSixthIssueMember to label_DebenturesSixthIssueMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebenturesFifthIssueMember" xlink:label="DebenturesFifthIssueMember" xlink:title="DebenturesFifthIssueMember" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesFifthIssueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebenturesFifthIssueMember" xml:lang="en-US" id="label_DebenturesFifthIssueMember">Debentures fifth issue [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesFifthIssueMember" xlink:to="label_DebenturesFifthIssueMember" xlink:title="Label : DebenturesFifthIssueMember to label_DebenturesFifthIssueMember" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesFifthIssueMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebenturesFifthIssueMember_1" xml:lang="en-US" id="label_DebenturesFifthIssueMember_1">Debentures fifth issue [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesFifthIssueMember" xlink:to="label_DebenturesFifthIssueMember_1" xlink:title="Label : DebenturesFifthIssueMember to label_DebenturesFifthIssueMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesFifthIssueMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebenturesFifthIssueMember_2" xml:lang="en-US" id="label_DebenturesFifthIssueMember_2">This member stands for the information pertaining to debentures fifth issue.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesFifthIssueMember" xlink:to="label_DebenturesFifthIssueMember_2" xlink:title="Label : DebenturesFifthIssueMember to label_DebenturesFifthIssueMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebenturesFourthIssueMember" xlink:label="DebenturesFourthIssueMember" xlink:title="DebenturesFourthIssueMember" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesFourthIssueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebenturesFourthIssueMember" xml:lang="en-US" id="label_DebenturesFourthIssueMember">Debentures fourth issue [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesFourthIssueMember" xlink:to="label_DebenturesFourthIssueMember" xlink:title="Label : DebenturesFourthIssueMember to label_DebenturesFourthIssueMember" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesFourthIssueMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebenturesFourthIssueMember_1" xml:lang="en-US" id="label_DebenturesFourthIssueMember_1">Debentures fourth issue [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesFourthIssueMember" xlink:to="label_DebenturesFourthIssueMember_1" xlink:title="Label : DebenturesFourthIssueMember to label_DebenturesFourthIssueMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesFourthIssueMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebenturesFourthIssueMember_2" xml:lang="en-US" id="label_DebenturesFourthIssueMember_2">This member stands for the information pertaining to debentures fourth issue.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesFourthIssueMember" xlink:to="label_DebenturesFourthIssueMember_2" xlink:title="Label : DebenturesFourthIssueMember to label_DebenturesFourthIssueMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebenturesSecondIssueMember" xlink:label="DebenturesSecondIssueMember" xlink:title="DebenturesSecondIssueMember" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesSecondIssueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebenturesSecondIssueMember" xml:lang="en-US" id="label_DebenturesSecondIssueMember">Debentures second issue [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesSecondIssueMember" xlink:to="label_DebenturesSecondIssueMember" xlink:title="Label : DebenturesSecondIssueMember to label_DebenturesSecondIssueMember" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesSecondIssueMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebenturesSecondIssueMember_1" xml:lang="en-US" id="label_DebenturesSecondIssueMember_1">This member stands for information pertaining to second issue of debentures.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesSecondIssueMember" xlink:to="label_DebenturesSecondIssueMember_1" xlink:title="Label : DebenturesSecondIssueMember to label_DebenturesSecondIssueMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesSecondIssueMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebenturesSecondIssueMember_2" xml:lang="en-US" id="label_DebenturesSecondIssueMember_2">Debentures Second Issue [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesSecondIssueMember" xlink:to="label_DebenturesSecondIssueMember_2" xlink:title="Label : DebenturesSecondIssueMember to label_DebenturesSecondIssueMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebenturesFirstIssueMember" xlink:label="DebenturesFirstIssueMember" xlink:title="DebenturesFirstIssueMember" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesFirstIssueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebenturesFirstIssueMember" xml:lang="en-US" id="label_DebenturesFirstIssueMember">Debentures First Issue [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesFirstIssueMember" xlink:to="label_DebenturesFirstIssueMember" xlink:title="Label : DebenturesFirstIssueMember to label_DebenturesFirstIssueMember" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesFirstIssueMember_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DebenturesFirstIssueMember_1" xml:lang="en-US" id="label_DebenturesFirstIssueMember_1">Debentures first issue [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesFirstIssueMember" xlink:to="label_DebenturesFirstIssueMember_1" xlink:title="Label : DebenturesFirstIssueMember to label_DebenturesFirstIssueMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesFirstIssueMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebenturesFirstIssueMember_2" xml:lang="en-US" id="label_DebenturesFirstIssueMember_2">This member stands for information pertaining to first issue of debentures.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesFirstIssueMember" xlink:to="label_DebenturesFirstIssueMember_2" xlink:title="Label : DebenturesFirstIssueMember to label_DebenturesFirstIssueMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebentureThirteenMember" xlink:label="DebentureThirteenMember" xlink:title="DebentureThirteenMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureThirteenMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebentureThirteenMember" xml:lang="en-US" id="label_DebentureThirteenMember">Debenture Thirteen [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureThirteenMember" xlink:to="label_DebentureThirteenMember" xlink:title="Label : DebentureThirteenMember to label_DebentureThirteenMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureThirteenMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebentureThirteenMember_1" xml:lang="en-US" id="label_DebentureThirteenMember_1">Debenture thirteen [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureThirteenMember" xlink:to="label_DebentureThirteenMember_1" xlink:title="Label : DebentureThirteenMember to label_DebentureThirteenMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebentureThirteenMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebentureThirteenMember_2" xml:lang="en-US" id="label_DebentureThirteenMember_2">This member stands for the information pertaining to debenture thirteen.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureThirteenMember" xlink:to="label_DebentureThirteenMember_2" xlink:title="Label : DebentureThirteenMember to label_DebentureThirteenMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebentureTwelveMember" xlink:label="DebentureTwelveMember" xlink:title="DebentureTwelveMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureTwelveMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebentureTwelveMember" xml:lang="en-US" id="label_DebentureTwelveMember">Debenture Twelve [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureTwelveMember" xlink:to="label_DebentureTwelveMember" xlink:title="Label : DebentureTwelveMember to label_DebentureTwelveMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureTwelveMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebentureTwelveMember_1" xml:lang="en-US" id="label_DebentureTwelveMember_1">Debenture twelve [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureTwelveMember" xlink:to="label_DebentureTwelveMember_1" xlink:title="Label : DebentureTwelveMember to label_DebentureTwelveMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebentureTwelveMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebentureTwelveMember_2" xml:lang="en-US" id="label_DebentureTwelveMember_2">This member stands for the information pertaining to debenture twelve.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureTwelveMember" xlink:to="label_DebentureTwelveMember_2" xlink:title="Label : DebentureTwelveMember to label_DebentureTwelveMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebentureElevenMember" xlink:label="DebentureElevenMember" xlink:title="DebentureElevenMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureElevenMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebentureElevenMember" xml:lang="en-US" id="label_DebentureElevenMember">Debenture Eleven [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureElevenMember" xlink:to="label_DebentureElevenMember" xlink:title="Label : DebentureElevenMember to label_DebentureElevenMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureElevenMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebentureElevenMember_1" xml:lang="en-US" id="label_DebentureElevenMember_1">Debenture eleven [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureElevenMember" xlink:to="label_DebentureElevenMember_1" xlink:title="Label : DebentureElevenMember to label_DebentureElevenMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebentureElevenMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebentureElevenMember_2" xml:lang="en-US" id="label_DebentureElevenMember_2">This member stands for the information pertaining to debenture eleven.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureElevenMember" xlink:to="label_DebentureElevenMember_2" xlink:title="Label : DebentureElevenMember to label_DebentureElevenMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebentureTenMember" xlink:label="DebentureTenMember" xlink:title="DebentureTenMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureTenMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebentureTenMember" xml:lang="en-US" id="label_DebentureTenMember">This member stands for the information pertaining to debenture ten.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureTenMember" xlink:to="label_DebentureTenMember" xlink:title="Label : DebentureTenMember to label_DebentureTenMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureTenMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebentureTenMember_1" xml:lang="en-US" id="label_DebentureTenMember_1">Debenture ten [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureTenMember" xlink:to="label_DebentureTenMember_1" xlink:title="Label : DebentureTenMember to label_DebentureTenMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebentureTenMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebentureTenMember_2" xml:lang="en-US" id="label_DebentureTenMember_2">Debenture ten [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureTenMember" xlink:to="label_DebentureTenMember_2" xlink:title="Label : DebentureTenMember to label_DebentureTenMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebentureNineMember" xlink:label="DebentureNineMember" xlink:title="DebentureNineMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureNineMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebentureNineMember" xml:lang="en-US" id="label_DebentureNineMember">This member stands for the information pertaining to debenture nine.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureNineMember" xlink:to="label_DebentureNineMember" xlink:title="Label : DebentureNineMember to label_DebentureNineMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureNineMember_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DebentureNineMember_1" xml:lang="en-US" id="label_DebentureNineMember_1">Debenture nine [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureNineMember" xlink:to="label_DebentureNineMember_1" xlink:title="Label : DebentureNineMember to label_DebentureNineMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebentureNineMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebentureNineMember_2" xml:lang="en-US" id="label_DebentureNineMember_2">Debenture Nine [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureNineMember" xlink:to="label_DebentureNineMember_2" xlink:title="Label : DebentureNineMember to label_DebentureNineMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebentureEightMember" xlink:label="DebentureEightMember" xlink:title="DebentureEightMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureEightMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebentureEightMember" xml:lang="en-US" id="label_DebentureEightMember">This member stands for the information pertaining to debenture eight.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureEightMember" xlink:to="label_DebentureEightMember" xlink:title="Label : DebentureEightMember to label_DebentureEightMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureEightMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebentureEightMember_1" xml:lang="en-US" id="label_DebentureEightMember_1">Debenture eight [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureEightMember" xlink:to="label_DebentureEightMember_1" xlink:title="Label : DebentureEightMember to label_DebentureEightMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebentureEightMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebentureEightMember_2" xml:lang="en-US" id="label_DebentureEightMember_2">Debenture eight [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureEightMember" xlink:to="label_DebentureEightMember_2" xlink:title="Label : DebentureEightMember to label_DebentureEightMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebentureSevenMember" xlink:label="DebentureSevenMember" xlink:title="DebentureSevenMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureSevenMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebentureSevenMember" xml:lang="en-US" id="label_DebentureSevenMember">This member stands for the information pertaining to debenture seven.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureSevenMember" xlink:to="label_DebentureSevenMember" xlink:title="Label : DebentureSevenMember to label_DebentureSevenMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureSevenMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebentureSevenMember_1" xml:lang="en-US" id="label_DebentureSevenMember_1">Debenture seven [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureSevenMember" xlink:to="label_DebentureSevenMember_1" xlink:title="Label : DebentureSevenMember to label_DebentureSevenMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebentureSevenMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebentureSevenMember_2" xml:lang="en-US" id="label_DebentureSevenMember_2">Debenture seven [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureSevenMember" xlink:to="label_DebentureSevenMember_2" xlink:title="Label : DebentureSevenMember to label_DebentureSevenMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebentureSixMember" xlink:label="DebentureSixMember" xlink:title="DebentureSixMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureSixMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebentureSixMember" xml:lang="en-US" id="label_DebentureSixMember">This member stands for the information pertaining to debenture six.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureSixMember" xlink:to="label_DebentureSixMember" xlink:title="Label : DebentureSixMember to label_DebentureSixMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureSixMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebentureSixMember_1" xml:lang="en-US" id="label_DebentureSixMember_1">Debenture six [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureSixMember" xlink:to="label_DebentureSixMember_1" xlink:title="Label : DebentureSixMember to label_DebentureSixMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebentureSixMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebentureSixMember_2" xml:lang="en-US" id="label_DebentureSixMember_2">Debenture six [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureSixMember" xlink:to="label_DebentureSixMember_2" xlink:title="Label : DebentureSixMember to label_DebentureSixMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebentureFiveMember" xlink:label="DebentureFiveMember" xlink:title="DebentureFiveMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureFiveMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebentureFiveMember" xml:lang="en-US" id="label_DebentureFiveMember">This member stands for the information pertaining to debenture five.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureFiveMember" xlink:to="label_DebentureFiveMember" xlink:title="Label : DebentureFiveMember to label_DebentureFiveMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureFiveMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebentureFiveMember_1" xml:lang="en-US" id="label_DebentureFiveMember_1">Debenture five [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureFiveMember" xlink:to="label_DebentureFiveMember_1" xlink:title="Label : DebentureFiveMember to label_DebentureFiveMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebentureFiveMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebentureFiveMember_2" xml:lang="en-US" id="label_DebentureFiveMember_2">Debenture five [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureFiveMember" xlink:to="label_DebentureFiveMember_2" xlink:title="Label : DebentureFiveMember to label_DebentureFiveMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebentureFourMember" xlink:label="DebentureFourMember" xlink:title="DebentureFourMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureFourMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebentureFourMember" xml:lang="en-US" id="label_DebentureFourMember">This member stands for the information pertaining to debenture four.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureFourMember" xlink:to="label_DebentureFourMember" xlink:title="Label : DebentureFourMember to label_DebentureFourMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureFourMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebentureFourMember_1" xml:lang="en-US" id="label_DebentureFourMember_1">Debenture four [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureFourMember" xlink:to="label_DebentureFourMember_1" xlink:title="Label : DebentureFourMember to label_DebentureFourMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebentureFourMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebentureFourMember_2" xml:lang="en-US" id="label_DebentureFourMember_2">Debenture four [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureFourMember" xlink:to="label_DebentureFourMember_2" xlink:title="Label : DebentureFourMember to label_DebentureFourMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebentureThreeMember" xlink:label="DebentureThreeMember" xlink:title="DebentureThreeMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureThreeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebentureThreeMember" xml:lang="en-US" id="label_DebentureThreeMember">This member stands for the information pertaining to debenture three.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureThreeMember" xlink:to="label_DebentureThreeMember" xlink:title="Label : DebentureThreeMember to label_DebentureThreeMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureThreeMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebentureThreeMember_1" xml:lang="en-US" id="label_DebentureThreeMember_1">Debenture three [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureThreeMember" xlink:to="label_DebentureThreeMember_1" xlink:title="Label : DebentureThreeMember to label_DebentureThreeMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebentureThreeMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebentureThreeMember_2" xml:lang="en-US" id="label_DebentureThreeMember_2">Debenture three [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureThreeMember" xlink:to="label_DebentureThreeMember_2" xlink:title="Label : DebentureThreeMember to label_DebentureThreeMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebentureTwoMember" xlink:label="DebentureTwoMember" xlink:title="DebentureTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureTwoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebentureTwoMember" xml:lang="en-US" id="label_DebentureTwoMember">This member stands for the information pertaining to debenture two.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureTwoMember" xlink:to="label_DebentureTwoMember" xlink:title="Label : DebentureTwoMember to label_DebentureTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureTwoMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebentureTwoMember_1" xml:lang="en-US" id="label_DebentureTwoMember_1">Debenture two [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureTwoMember" xlink:to="label_DebentureTwoMember_1" xlink:title="Label : DebentureTwoMember to label_DebentureTwoMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebentureTwoMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebentureTwoMember_2" xml:lang="en-US" id="label_DebentureTwoMember_2">Debenture two [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureTwoMember" xlink:to="label_DebentureTwoMember_2" xlink:title="Label : DebentureTwoMember to label_DebentureTwoMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebentureOneMember" xlink:label="DebentureOneMember" xlink:title="DebentureOneMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureOneMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebentureOneMember" xml:lang="en-US" id="label_DebentureOneMember">This member stands for the information pertaining to debenture one.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureOneMember" xlink:to="label_DebentureOneMember" xlink:title="Label : DebentureOneMember to label_DebentureOneMember" />
    <link:label xlink:type="resource" xlink:label="label_DebentureOneMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebentureOneMember_1" xml:lang="en-US" id="label_DebentureOneMember_1">Debenture one [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureOneMember" xlink:to="label_DebentureOneMember_1" xlink:title="Label : DebentureOneMember to label_DebentureOneMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebentureOneMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebentureOneMember_2" xml:lang="en-US" id="label_DebentureOneMember_2">Debenture one [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureOneMember" xlink:to="label_DebentureOneMember_2" xlink:title="Label : DebentureOneMember to label_DebentureOneMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebentureDomain" xlink:label="DebentureDomain" xlink:title="DebentureDomain" />
    <link:label xlink:type="resource" xlink:label="label_DebentureDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebentureDomain" xml:lang="en-US" id="label_DebentureDomain">Debenture [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureDomain" xlink:to="label_DebentureDomain" xlink:title="Label : DebentureDomain to label_DebentureDomain" />
    <link:label xlink:type="resource" xlink:label="label_DebentureDomain_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebentureDomain_1" xml:lang="en-US" id="label_DebentureDomain_1">Debenture [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureDomain" xlink:to="label_DebentureDomain_1" xlink:title="Label : DebentureDomain to label_DebentureDomain_1" />
    <link:label xlink:type="resource" xlink:label="label_DebentureDomain_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebentureDomain_2" xml:lang="en-US" id="label_DebentureDomain_2">Debenture [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureDomain" xlink:to="label_DebentureDomain_2" xlink:title="Label : DebentureDomain to label_DebentureDomain_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebentureAxis" xlink:label="DebentureAxis" xlink:title="DebentureAxis" />
    <link:label xlink:type="resource" xlink:label="label_DebentureAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebentureAxis" xml:lang="en-US" id="label_DebentureAxis">Debenture.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureAxis" xlink:to="label_DebentureAxis" xlink:title="Label : DebentureAxis to label_DebentureAxis" />
    <link:label xlink:type="resource" xlink:label="label_DebentureAxis_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebentureAxis_1" xml:lang="en-US" id="label_DebentureAxis_1">Debenture [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureAxis" xlink:to="label_DebentureAxis_1" xlink:title="Label : DebentureAxis to label_DebentureAxis_1" />
    <link:label xlink:type="resource" xlink:label="label_DebentureAxis_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebentureAxis_2" xml:lang="en-US" id="label_DebentureAxis_2">Debenture [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebentureAxis" xlink:to="label_DebentureAxis_2" xlink:title="Label : DebentureAxis to label_DebentureAxis_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AmountAppropriatedToProfitOrLossInFuture" xlink:label="AmountAppropriatedToProfitOrLossInFuture" xlink:title="AmountAppropriatedToProfitOrLossInFuture" />
    <link:label xlink:type="resource" xlink:label="label_AmountAppropriatedToProfitOrLossInFuture" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AmountAppropriatedToProfitOrLossInFuture" xml:lang="en-US" id="label_AmountAppropriatedToProfitOrLossInFuture">Amount appropriated to profit or loss in the future.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountAppropriatedToProfitOrLossInFuture" xlink:to="label_AmountAppropriatedToProfitOrLossInFuture" xlink:title="Label : AmountAppropriatedToProfitOrLossInFuture to label_AmountAppropriatedToProfitOrLossInFuture" />
    <link:label xlink:type="resource" xlink:label="label_AmountAppropriatedToProfitOrLossInFuture_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmountAppropriatedToProfitOrLossInFuture_1" xml:lang="en-US" id="label_AmountAppropriatedToProfitOrLossInFuture_1">Amount appropriated to profit or loss in the future</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountAppropriatedToProfitOrLossInFuture" xlink:to="label_AmountAppropriatedToProfitOrLossInFuture_1" xlink:title="Label : AmountAppropriatedToProfitOrLossInFuture to label_AmountAppropriatedToProfitOrLossInFuture_1" />
    <link:label xlink:type="resource" xlink:label="label_AmountAppropriatedToProfitOrLossInFuture_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmountAppropriatedToProfitOrLossInFuture_2" xml:lang="en-US" id="label_AmountAppropriatedToProfitOrLossInFuture_2">Amount appropriated to profit or loss in future</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountAppropriatedToProfitOrLossInFuture" xlink:to="label_AmountAppropriatedToProfitOrLossInFuture_2" xlink:title="Label : AmountAppropriatedToProfitOrLossInFuture to label_AmountAppropriatedToProfitOrLossInFuture_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_EffectiveRateOfTransactionCosts" xlink:label="EffectiveRateOfTransactionCosts" xlink:title="EffectiveRateOfTransactionCosts" />
    <link:label xlink:type="resource" xlink:label="label_EffectiveRateOfTransactionCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EffectiveRateOfTransactionCosts" xml:lang="en-US" id="label_EffectiveRateOfTransactionCosts">The percentage of effective rate of transaction costs.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EffectiveRateOfTransactionCosts" xlink:to="label_EffectiveRateOfTransactionCosts" xlink:title="Label : EffectiveRateOfTransactionCosts to label_EffectiveRateOfTransactionCosts" />
    <link:label xlink:type="resource" xlink:label="label_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract_1" xml:lang="en-US" id="label_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract_1">Components of other comprehensive income that will not be reclassified to profit or loss, net of tax [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:to="label_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract_1" xlink:title="Label : ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract to label_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract_1" />
    <link:label xlink:type="resource" xlink:label="label_EffectiveRateOfTransactionCosts_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EffectiveRateOfTransactionCosts_1" xml:lang="en-US" id="label_EffectiveRateOfTransactionCosts_1">Effective rate of transaction costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EffectiveRateOfTransactionCosts" xlink:to="label_EffectiveRateOfTransactionCosts_1" xlink:title="Label : EffectiveRateOfTransactionCosts to label_EffectiveRateOfTransactionCosts_1" />
    <link:label xlink:type="resource" xlink:label="label_EffectiveRateOfTransactionCosts_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EffectiveRateOfTransactionCosts_2" xml:lang="en-US" id="label_EffectiveRateOfTransactionCosts_2">Effective rate of transaction costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EffectiveRateOfTransactionCosts" xlink:to="label_EffectiveRateOfTransactionCosts_2" xlink:title="Label : EffectiveRateOfTransactionCosts to label_EffectiveRateOfTransactionCosts_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TransactionCostAmortization" xlink:label="TransactionCostAmortization" xlink:title="TransactionCostAmortization" />
    <link:label xlink:type="resource" xlink:label="label_TransactionCostAmortization" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TransactionCostAmortization" xml:lang="en-US" id="label_TransactionCostAmortization">Transaction cost amortization</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransactionCostAmortization" xlink:to="label_TransactionCostAmortization" xlink:title="Label : TransactionCostAmortization to label_TransactionCostAmortization" />
    <link:label xlink:type="resource" xlink:label="label_TransactionCostAmortization_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_TransactionCostAmortization_1" xml:lang="en-US" id="label_TransactionCostAmortization_1">Amortization</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransactionCostAmortization" xlink:to="label_TransactionCostAmortization_1" xlink:title="Label : TransactionCostAmortization to label_TransactionCostAmortization_1" />
    <link:label xlink:type="resource" xlink:label="label_TransactionCostAmortization_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TransactionCostAmortization_2" xml:lang="en-US" id="label_TransactionCostAmortization_2">The amount of amortization of transaction costs of financial instruments during the reporting period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransactionCostAmortization" xlink:to="label_TransactionCostAmortization_2" xlink:title="Label : TransactionCostAmortization to label_TransactionCostAmortization_2" />
    <link:label xlink:type="resource" xlink:label="label_DecreaseThroughClassifiedAsHeldForSaleAccumulatedTransactionCosts_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DecreaseThroughClassifiedAsHeldForSaleAccumulatedTransactionCosts_2" xml:lang="en-US" id="label_DecreaseThroughClassifiedAsHeldForSaleAccumulatedTransactionCosts_2">Reclassification to liabilities held for sale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseThroughClassifiedAsHeldForSaleAccumulatedTransactionCosts" xlink:to="label_DecreaseThroughClassifiedAsHeldForSaleAccumulatedTransactionCosts_2" xlink:title="Label : DecreaseThroughClassifiedAsHeldForSaleAccumulatedTransactionCosts to label_DecreaseThroughClassifiedAsHeldForSaleAccumulatedTransactionCosts_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PaymentsForDebtTransactionCosts" xlink:label="PaymentsForDebtTransactionCosts" xlink:title="PaymentsForDebtTransactionCosts" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsForDebtTransactionCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PaymentsForDebtTransactionCosts" xml:lang="en-US" id="label_PaymentsForDebtTransactionCosts">The amount of payments for debt transaction costs.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForDebtTransactionCosts" xlink:to="label_PaymentsForDebtTransactionCosts" xlink:title="Label : PaymentsForDebtTransactionCosts to label_PaymentsForDebtTransactionCosts" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsForDebtTransactionCosts_1" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_PaymentsForDebtTransactionCosts_1" xml:lang="en-US" id="label_PaymentsForDebtTransactionCosts_1">Payments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForDebtTransactionCosts" xlink:to="label_PaymentsForDebtTransactionCosts_1" xlink:title="Label : PaymentsForDebtTransactionCosts to label_PaymentsForDebtTransactionCosts_1" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsForDebtTransactionCosts_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsForDebtTransactionCosts_2" xml:lang="en-US" id="label_PaymentsForDebtTransactionCosts_2">Payments for debt transaction costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForDebtTransactionCosts" xlink:to="label_PaymentsForDebtTransactionCosts_2" xlink:title="Label : PaymentsForDebtTransactionCosts to label_PaymentsForDebtTransactionCosts_2" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsForDebtTransactionCosts_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsForDebtTransactionCosts_3" xml:lang="en-US" id="label_PaymentsForDebtTransactionCosts_3">Payments for debt transaction costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForDebtTransactionCosts" xlink:to="label_PaymentsForDebtTransactionCosts_3" xlink:title="Label : PaymentsForDebtTransactionCosts to label_PaymentsForDebtTransactionCosts_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncurredTransactionCost" xlink:label="IncurredTransactionCost" xlink:title="IncurredTransactionCost" />
    <link:label xlink:type="resource" xlink:label="label_IncurredTransactionCost" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncurredTransactionCost" xml:lang="en-US" id="label_IncurredTransactionCost">The amount of incurred transaction costs of financial instruments during the reporting period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncurredTransactionCost" xlink:to="label_IncurredTransactionCost" xlink:title="Label : IncurredTransactionCost to label_IncurredTransactionCost" />
    <link:label xlink:type="resource" xlink:label="label_IncurredTransactionCost_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncurredTransactionCost_1" xml:lang="en-US" id="label_IncurredTransactionCost_1">Incurred costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncurredTransactionCost" xlink:to="label_IncurredTransactionCost_1" xlink:title="Label : IncurredTransactionCost to label_IncurredTransactionCost_1" />
    <link:label xlink:type="resource" xlink:label="label_IncurredTransactionCost_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncurredTransactionCost_2" xml:lang="en-US" id="label_IncurredTransactionCost_2">Incurred transaction cost</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncurredTransactionCost" xlink:to="label_IncurredTransactionCost_2" xlink:title="Label : IncurredTransactionCost to label_IncurredTransactionCost_2" />
    <link:label xlink:type="resource" xlink:label="label_TransactionCostsFinancialInstruments_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TransactionCostsFinancialInstruments_1" xml:lang="en-US" id="label_TransactionCostsFinancialInstruments_1">Transaction costs financial instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransactionCostsFinancialInstruments" xlink:to="label_TransactionCostsFinancialInstruments_1" xlink:title="Label : TransactionCostsFinancialInstruments to label_TransactionCostsFinancialInstruments_1" />
    <link:label xlink:type="resource" xlink:label="label_TransactionCostsFinancialInstruments_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_TransactionCostsFinancialInstruments_2" xml:lang="en-US" id="label_TransactionCostsFinancialInstruments_2">Transaction costs, beginning</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransactionCostsFinancialInstruments" xlink:to="label_TransactionCostsFinancialInstruments_2" xlink:title="Label : TransactionCostsFinancialInstruments to label_TransactionCostsFinancialInstruments_2" />
    <link:label xlink:type="resource" xlink:label="label_TransactionCostsFinancialInstruments_3" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_TransactionCostsFinancialInstruments_3" xml:lang="en-US" id="label_TransactionCostsFinancialInstruments_3">Transaction costs, ending</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransactionCostsFinancialInstruments" xlink:to="label_TransactionCostsFinancialInstruments_3" xlink:title="Label : TransactionCostsFinancialInstruments to label_TransactionCostsFinancialInstruments_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations" xlink:label="OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations" xlink:title="OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations" xml:lang="en-US" id="label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations">Translation adjustments of associates, net of income and social contribution taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations" xlink:to="label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations" xlink:title="Label : OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations to label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations" />
    <link:label xlink:type="resource" xlink:label="label_TransactionCostsFinancialInstruments_4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TransactionCostsFinancialInstruments_4" xml:lang="en-US" id="label_TransactionCostsFinancialInstruments_4">The amount of accrued transaction costs of financial instruments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransactionCostsFinancialInstruments" xlink:to="label_TransactionCostsFinancialInstruments_4" xlink:title="Label : TransactionCostsFinancialInstruments to label_TransactionCostsFinancialInstruments_4" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OtherTransactionCostsMember" xlink:label="OtherTransactionCostsMember" xlink:title="OtherTransactionCostsMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherTransactionCostsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherTransactionCostsMember" xml:lang="en-US" id="label_OtherTransactionCostsMember">Other transaction costs [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherTransactionCostsMember" xlink:to="label_OtherTransactionCostsMember" xlink:title="Label : OtherTransactionCostsMember to label_OtherTransactionCostsMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherTransactionCostsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherTransactionCostsMember_1" xml:lang="en-US" id="label_OtherTransactionCostsMember_1">Othes [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherTransactionCostsMember" xlink:to="label_OtherTransactionCostsMember_1" xlink:title="Label : OtherTransactionCostsMember to label_OtherTransactionCostsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherTransactionCostsMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherTransactionCostsMember_2" xml:lang="en-US" id="label_OtherTransactionCostsMember_2">This member stands for the information pertaining to other transaction costs.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherTransactionCostsMember" xlink:to="label_OtherTransactionCostsMember_2" xlink:title="Label : OtherTransactionCostsMember to label_OtherTransactionCostsMember_2" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations_1" xml:lang="en-US" id="label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations_1">Other comprehensive income, net of tax, exchange differences on translation of foreign operations and hedges of net investments in foreign operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations" xlink:to="label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations_1" xlink:title="Label : OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations to label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations_1" />
    <link:label xlink:type="resource" xlink:label="label_UnsecuredNotesPayableNotConvertibleIntoSharesMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UnsecuredNotesPayableNotConvertibleIntoSharesMember_1" xml:lang="en-US" id="label_UnsecuredNotesPayableNotConvertibleIntoSharesMember_1">Unsecured notes payable not convertible into shares [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnsecuredNotesPayableNotConvertibleIntoSharesMember" xlink:to="label_UnsecuredNotesPayableNotConvertibleIntoSharesMember_1" xlink:title="Label : UnsecuredNotesPayableNotConvertibleIntoSharesMember to label_UnsecuredNotesPayableNotConvertibleIntoSharesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_UnsecuredNotesPayableNotConvertibleIntoSharesMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnsecuredNotesPayableNotConvertibleIntoSharesMember_2" xml:lang="en-US" id="label_UnsecuredNotesPayableNotConvertibleIntoSharesMember_2">Unsecured Notes Payable Not Convertible Into Shares [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnsecuredNotesPayableNotConvertibleIntoSharesMember" xlink:to="label_UnsecuredNotesPayableNotConvertibleIntoSharesMember_2" xlink:title="Label : UnsecuredNotesPayableNotConvertibleIntoSharesMember to label_UnsecuredNotesPayableNotConvertibleIntoSharesMember_2" />
    <link:label xlink:type="resource" xlink:label="label_UnsecuredNotesPayableNotConvertibleIntoSharesMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_UnsecuredNotesPayableNotConvertibleIntoSharesMember_3" xml:lang="en-US" id="label_UnsecuredNotesPayableNotConvertibleIntoSharesMember_3">Notes [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnsecuredNotesPayableNotConvertibleIntoSharesMember" xlink:to="label_UnsecuredNotesPayableNotConvertibleIntoSharesMember_3" xlink:title="Label : UnsecuredNotesPayableNotConvertibleIntoSharesMember to label_UnsecuredNotesPayableNotConvertibleIntoSharesMember_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_BancoDoBrasilMember" xlink:label="BancoDoBrasilMember" xlink:title="BancoDoBrasilMember" />
    <link:label xlink:type="resource" xlink:label="label_BancoDoBrasilMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BancoDoBrasilMember" xml:lang="en-US" id="label_BancoDoBrasilMember">This member stands for the information pertaining to Banco do Brasil.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BancoDoBrasilMember" xlink:to="label_BancoDoBrasilMember" xlink:title="Label : BancoDoBrasilMember to label_BancoDoBrasilMember" />
    <link:label xlink:type="resource" xlink:label="label_BancoDoBrasilMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BancoDoBrasilMember_1" xml:lang="en-US" id="label_BancoDoBrasilMember_1">Banco do Brasil [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BancoDoBrasilMember" xlink:to="label_BancoDoBrasilMember_1" xlink:title="Label : BancoDoBrasilMember to label_BancoDoBrasilMember_1" />
    <link:label xlink:type="resource" xlink:label="label_BancoDoBrasilMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BancoDoBrasilMember_2" xml:lang="en-US" id="label_BancoDoBrasilMember_2">Banco Do Brasil [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BancoDoBrasilMember" xlink:to="label_BancoDoBrasilMember_2" xlink:title="Label : BancoDoBrasilMember to label_BancoDoBrasilMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NotesInForeignMarketMember" xlink:label="NotesInForeignMarketMember" xlink:title="NotesInForeignMarketMember" />
    <link:label xlink:type="resource" xlink:label="label_NotesInForeignMarketMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotesInForeignMarketMember" xml:lang="en-US" id="label_NotesInForeignMarketMember">Notes in foreign market [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesInForeignMarketMember" xlink:to="label_NotesInForeignMarketMember" xlink:title="Label : NotesInForeignMarketMember to label_NotesInForeignMarketMember" />
    <link:label xlink:type="resource" xlink:label="label_NotesInForeignMarketMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NotesInForeignMarketMember_1" xml:lang="en-US" id="label_NotesInForeignMarketMember_1">Notes in the foreign market [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesInForeignMarketMember" xlink:to="label_NotesInForeignMarketMember_1" xlink:title="Label : NotesInForeignMarketMember to label_NotesInForeignMarketMember_1" />
    <link:label xlink:type="resource" xlink:label="label_NotesInForeignMarketMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NotesInForeignMarketMember_2" xml:lang="en-US" id="label_NotesInForeignMarketMember_2">This member stands for the information pertaining to notes in foreign market.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesInForeignMarketMember" xlink:to="label_NotesInForeignMarketMember_2" xlink:title="Label : NotesInForeignMarketMember to label_NotesInForeignMarketMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DebenturesMember" xlink:label="DebenturesMember" xlink:title="DebenturesMember" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebenturesMember" xml:lang="en-US" id="label_DebenturesMember">Debentures [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesMember" xlink:to="label_DebenturesMember" xlink:title="Label : DebenturesMember to label_DebenturesMember" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebenturesMember_1" xml:lang="en-US" id="label_DebenturesMember_1">Debentures [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesMember" xlink:to="label_DebenturesMember_1" xlink:title="Label : DebenturesMember to label_DebenturesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DebenturesMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebenturesMember_2" xml:lang="en-US" id="label_DebenturesMember_2">This member stands for the information pertaining to debentures.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebenturesMember" xlink:to="label_DebenturesMember_2" xlink:title="Label : DebenturesMember to label_DebenturesMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfFinancialInstrumentsDomain" xlink:label="ClassesOfFinancialInstrumentsDomain" xlink:title="ClassesOfFinancialInstrumentsDomain" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfFinancialInstrumentsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfFinancialInstrumentsDomain" xml:lang="en-US" id="label_ClassesOfFinancialInstrumentsDomain">Classes of financial instruments [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfFinancialInstrumentsDomain" xlink:to="label_ClassesOfFinancialInstrumentsDomain" xlink:title="Label : ClassesOfFinancialInstrumentsDomain to label_ClassesOfFinancialInstrumentsDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:label="ClassesOfFinancialInstrumentsAxis" xlink:title="ClassesOfFinancialInstrumentsAxis" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfFinancialInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ClassesOfFinancialInstrumentsAxis" xml:lang="en-US" id="label_ClassesOfFinancialInstrumentsAxis">Classes of financial instruments [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfFinancialInstrumentsAxis" xlink:to="label_ClassesOfFinancialInstrumentsAxis" xlink:title="Label : ClassesOfFinancialInstrumentsAxis to label_ClassesOfFinancialInstrumentsAxis" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfFinancialInstrumentsAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfFinancialInstrumentsAxis_1" xml:lang="en-US" id="label_ClassesOfFinancialInstrumentsAxis_1">Classes of financial instruments [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfFinancialInstrumentsAxis" xlink:to="label_ClassesOfFinancialInstrumentsAxis_1" xlink:title="Label : ClassesOfFinancialInstrumentsAxis to label_ClassesOfFinancialInstrumentsAxis_1" />
    <link:label xlink:type="resource" xlink:label="label_DecreaseThroughClassifiedAsHeldForSaleLoansAndBorrowings_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DecreaseThroughClassifiedAsHeldForSaleLoansAndBorrowings_1" xml:lang="en-US" id="label_DecreaseThroughClassifiedAsHeldForSaleLoansAndBorrowings_1">Reclassification to liabilities held for sale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseThroughClassifiedAsHeldForSaleLoansAndBorrowings" xlink:to="label_DecreaseThroughClassifiedAsHeldForSaleLoansAndBorrowings_1" xlink:title="Label : DecreaseThroughClassifiedAsHeldForSaleLoansAndBorrowings to label_DecreaseThroughClassifiedAsHeldForSaleLoansAndBorrowings_1" />
    <link:label xlink:type="resource" xlink:label="label_DecreaseThroughClassifiedAsHeldForSaleLoansAndBorrowings_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DecreaseThroughClassifiedAsHeldForSaleLoansAndBorrowings_2" xml:lang="en-US" id="label_DecreaseThroughClassifiedAsHeldForSaleLoansAndBorrowings_2">Reclassification to liabilities held for sale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseThroughClassifiedAsHeldForSaleLoansAndBorrowings" xlink:to="label_DecreaseThroughClassifiedAsHeldForSaleLoansAndBorrowings_2" xlink:title="Label : DecreaseThroughClassifiedAsHeldForSaleLoansAndBorrowings to label_DecreaseThroughClassifiedAsHeldForSaleLoansAndBorrowings_2" />
    <link:label xlink:type="resource" xlink:label="label_DecreaseThroughClassifiedAsHeldForSaleLoansAndBorrowings_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DecreaseThroughClassifiedAsHeldForSaleLoansAndBorrowings_3" xml:lang="en-US" id="label_DecreaseThroughClassifiedAsHeldForSaleLoansAndBorrowings_3">Decrease through Classified as Held for Sale, Loans and Borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseThroughClassifiedAsHeldForSaleLoansAndBorrowings" xlink:to="label_DecreaseThroughClassifiedAsHeldForSaleLoansAndBorrowings_3" xlink:title="Label : DecreaseThroughClassifiedAsHeldForSaleLoansAndBorrowings to label_DecreaseThroughClassifiedAsHeldForSaleLoansAndBorrowings_3" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughNetHedgeDifferencesLoansAndBorrowings_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughNetHedgeDifferencesLoansAndBorrowings_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughNetHedgeDifferencesLoansAndBorrowings_1">Increase (Decrease) through Net Hedge Differences, Loans and Borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughNetHedgeDifferencesLoansAndBorrowings" xlink:to="label_IncreaseDecreaseThroughNetHedgeDifferencesLoansAndBorrowings_1" xlink:title="Label : IncreaseDecreaseThroughNetHedgeDifferencesLoansAndBorrowings to label_IncreaseDecreaseThroughNetHedgeDifferencesLoansAndBorrowings_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughNetHedgeDifferencesLoansAndBorrowings_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughNetHedgeDifferencesLoansAndBorrowings_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughNetHedgeDifferencesLoansAndBorrowings_2">Hedge result</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughNetHedgeDifferencesLoansAndBorrowings" xlink:to="label_IncreaseDecreaseThroughNetHedgeDifferencesLoansAndBorrowings_2" xlink:title="Label : IncreaseDecreaseThroughNetHedgeDifferencesLoansAndBorrowings to label_IncreaseDecreaseThroughNetHedgeDifferencesLoansAndBorrowings_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LoansAndDeBenturesChangeInFairValue" xlink:label="LoansAndDeBenturesChangeInFairValue" xlink:title="LoansAndDeBenturesChangeInFairValue" />
    <link:label xlink:type="resource" xlink:label="label_LoansAndDeBenturesChangeInFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LoansAndDeBenturesChangeInFairValue" xml:lang="en-US" id="label_LoansAndDeBenturesChangeInFairValue">The amount of change in fair value of loans and debentures.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansAndDeBenturesChangeInFairValue" xlink:to="label_LoansAndDeBenturesChangeInFairValue" xlink:title="Label : LoansAndDeBenturesChangeInFairValue to label_LoansAndDeBenturesChangeInFairValue" />
    <link:label xlink:type="resource" xlink:label="label_LoansAndDeBenturesChangeInFairValue_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoansAndDeBenturesChangeInFairValue_1" xml:lang="en-US" id="label_LoansAndDeBenturesChangeInFairValue_1">Loans and de bentures change in fair value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansAndDeBenturesChangeInFairValue" xlink:to="label_LoansAndDeBenturesChangeInFairValue_1" xlink:title="Label : LoansAndDeBenturesChangeInFairValue to label_LoansAndDeBenturesChangeInFairValue_1" />
    <link:label xlink:type="resource" xlink:label="label_LoansAndDeBenturesChangeInFairValue_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LoansAndDeBenturesChangeInFairValue_2" xml:lang="en-US" id="label_LoansAndDeBenturesChangeInFairValue_2">Change in fair value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansAndDeBenturesChangeInFairValue" xlink:to="label_LoansAndDeBenturesChangeInFairValue_2" xlink:title="Label : LoansAndDeBenturesChangeInFairValue to label_LoansAndDeBenturesChangeInFairValue_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LoansAndDebenturesMonetaryAndExchangeRateVariation" xlink:label="LoansAndDebenturesMonetaryAndExchangeRateVariation" xlink:title="LoansAndDebenturesMonetaryAndExchangeRateVariation" />
    <link:label xlink:type="resource" xlink:label="label_LoansAndDebenturesMonetaryAndExchangeRateVariation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoansAndDebenturesMonetaryAndExchangeRateVariation" xml:lang="en-US" id="label_LoansAndDebenturesMonetaryAndExchangeRateVariation">Loans and debentures monetary and exchange rate variation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansAndDebenturesMonetaryAndExchangeRateVariation" xlink:to="label_LoansAndDebenturesMonetaryAndExchangeRateVariation" xlink:title="Label : LoansAndDebenturesMonetaryAndExchangeRateVariation to label_LoansAndDebenturesMonetaryAndExchangeRateVariation" />
    <link:label xlink:type="resource" xlink:label="label_LoansAndDebenturesMonetaryAndExchangeRateVariation_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LoansAndDebenturesMonetaryAndExchangeRateVariation_1" xml:lang="en-US" id="label_LoansAndDebenturesMonetaryAndExchangeRateVariation_1">Monetary and exchange rate variation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansAndDebenturesMonetaryAndExchangeRateVariation" xlink:to="label_LoansAndDebenturesMonetaryAndExchangeRateVariation_1" xlink:title="Label : LoansAndDebenturesMonetaryAndExchangeRateVariation to label_LoansAndDebenturesMonetaryAndExchangeRateVariation_1" />
    <link:label xlink:type="resource" xlink:label="label_LoansAndDebenturesMonetaryAndExchangeRateVariation_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LoansAndDebenturesMonetaryAndExchangeRateVariation_2" xml:lang="en-US" id="label_LoansAndDebenturesMonetaryAndExchangeRateVariation_2">The amount of monetary and exchange rate variation of loans and debentures.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansAndDebenturesMonetaryAndExchangeRateVariation" xlink:to="label_LoansAndDebenturesMonetaryAndExchangeRateVariation_2" xlink:title="Label : LoansAndDebenturesMonetaryAndExchangeRateVariation to label_LoansAndDebenturesMonetaryAndExchangeRateVariation_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncreaseDecreaseThroughBalanceOfAcquiredCompany" xlink:label="IncreaseDecreaseThroughBalanceOfAcquiredCompany" xlink:title="IncreaseDecreaseThroughBalanceOfAcquiredCompany" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughBalanceOfAcquiredCompany" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseThroughBalanceOfAcquiredCompany" xml:lang="en-US" id="label_IncreaseDecreaseThroughBalanceOfAcquiredCompany">The increase (decrease) in loans and borrowings resulting from balance of acquired company.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughBalanceOfAcquiredCompany" xlink:to="label_IncreaseDecreaseThroughBalanceOfAcquiredCompany" xlink:title="Label : IncreaseDecreaseThroughBalanceOfAcquiredCompany to label_IncreaseDecreaseThroughBalanceOfAcquiredCompany" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughBalanceOfAcquiredCompany_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughBalanceOfAcquiredCompany_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughBalanceOfAcquiredCompany_1">Increase Decrease Through Balance Of Acquired Company</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughBalanceOfAcquiredCompany" xlink:to="label_IncreaseDecreaseThroughBalanceOfAcquiredCompany_1" xlink:title="Label : IncreaseDecreaseThroughBalanceOfAcquiredCompany to label_IncreaseDecreaseThroughBalanceOfAcquiredCompany_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughBalanceOfAcquiredCompany_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughBalanceOfAcquiredCompany_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughBalanceOfAcquiredCompany_2">Balance of acquired company</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughBalanceOfAcquiredCompany" xlink:to="label_IncreaseDecreaseThroughBalanceOfAcquiredCompany_2" xlink:title="Label : IncreaseDecreaseThroughBalanceOfAcquiredCompany to label_IncreaseDecreaseThroughBalanceOfAcquiredCompany_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LoandsAndDebenturesInterestAccrued" xlink:label="LoandsAndDebenturesInterestAccrued" xlink:title="LoandsAndDebenturesInterestAccrued" />
    <link:label xlink:type="resource" xlink:label="label_LoandsAndDebenturesInterestAccrued" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LoandsAndDebenturesInterestAccrued" xml:lang="en-US" id="label_LoandsAndDebenturesInterestAccrued">The amount of interest accrued during period of loans and debentures.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoandsAndDebenturesInterestAccrued" xlink:to="label_LoandsAndDebenturesInterestAccrued" xlink:title="Label : LoandsAndDebenturesInterestAccrued to label_LoandsAndDebenturesInterestAccrued" />
    <link:label xlink:type="resource" xlink:label="label_LoandsAndDebenturesInterestAccrued_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LoandsAndDebenturesInterestAccrued_1" xml:lang="en-US" id="label_LoandsAndDebenturesInterestAccrued_1">Interest accrued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoandsAndDebenturesInterestAccrued" xlink:to="label_LoandsAndDebenturesInterestAccrued_1" xlink:title="Label : LoandsAndDebenturesInterestAccrued to label_LoandsAndDebenturesInterestAccrued_1" />
    <link:label xlink:type="resource" xlink:label="label_LoandsAndDebenturesInterestAccrued_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoandsAndDebenturesInterestAccrued_2" xml:lang="en-US" id="label_LoandsAndDebenturesInterestAccrued_2">Loands and debentures interest accrued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoandsAndDebenturesInterestAccrued" xlink:to="label_LoandsAndDebenturesInterestAccrued_2" xlink:title="Label : LoandsAndDebenturesInterestAccrued to label_LoandsAndDebenturesInterestAccrued_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdditionsLoansAndDebenturesWithCashEffect" xlink:label="AdditionsLoansAndDebenturesWithCashEffect" xlink:title="AdditionsLoansAndDebenturesWithCashEffect" />
    <link:label xlink:type="resource" xlink:label="label_AdditionsLoansAndDebenturesWithCashEffect" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionsLoansAndDebenturesWithCashEffect" xml:lang="en-US" id="label_AdditionsLoansAndDebenturesWithCashEffect">Additions loans and debentures with cash effect</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionsLoansAndDebenturesWithCashEffect" xlink:to="label_AdditionsLoansAndDebenturesWithCashEffect" xlink:title="Label : AdditionsLoansAndDebenturesWithCashEffect to label_AdditionsLoansAndDebenturesWithCashEffect" />
    <link:label xlink:type="resource" xlink:label="label_AdditionsLoansAndDebenturesWithCashEffect_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdditionsLoansAndDebenturesWithCashEffect_1" xml:lang="en-US" id="label_AdditionsLoansAndDebenturesWithCashEffect_1">New loans and debentures with cash effect</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionsLoansAndDebenturesWithCashEffect" xlink:to="label_AdditionsLoansAndDebenturesWithCashEffect_1" xlink:title="Label : AdditionsLoansAndDebenturesWithCashEffect to label_AdditionsLoansAndDebenturesWithCashEffect_1" />
    <link:label xlink:type="resource" xlink:label="label_AdditionsLoansAndDebenturesWithCashEffect_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdditionsLoansAndDebenturesWithCashEffect_2" xml:lang="en-US" id="label_AdditionsLoansAndDebenturesWithCashEffect_2">The amount of new loans and debentures with cash effect of loans and debentures.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionsLoansAndDebenturesWithCashEffect" xlink:to="label_AdditionsLoansAndDebenturesWithCashEffect_2" xlink:title="Label : AdditionsLoansAndDebenturesWithCashEffect to label_AdditionsLoansAndDebenturesWithCashEffect_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LongtermBorrowings" xlink:label="LongtermBorrowings" xlink:title="LongtermBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_LongtermBorrowings" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LongtermBorrowings" xml:lang="en-US" id="label_LongtermBorrowings">Long term debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongtermBorrowings" xlink:to="label_LongtermBorrowings" xlink:title="Label : LongtermBorrowings to label_LongtermBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_LongtermBorrowings_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongtermBorrowings_1" xml:lang="en-US" id="label_LongtermBorrowings_1">Non-current portion of non-current borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongtermBorrowings" xlink:to="label_LongtermBorrowings_1" xlink:title="Label : LongtermBorrowings to label_LongtermBorrowings_1" />
    <link:label xlink:type="resource" xlink:label="label_LongtermBorrowings_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongtermBorrowings_2" xml:lang="en-US" id="label_LongtermBorrowings_2">Non-current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongtermBorrowings" xlink:to="label_LongtermBorrowings_2" xlink:title="Label : LongtermBorrowings to label_LongtermBorrowings_2" />
    <link:label xlink:type="resource" xlink:label="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_1" xml:lang="en-US" id="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_1">Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:to="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_1" xlink:title="Label : CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings to label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_Borrowings" xlink:label="Borrowings" xlink:title="Borrowings" />
    <link:label xlink:type="resource" xlink:label="label_Borrowings" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel" xlink:title="label_Borrowings" xml:lang="en-US" id="label_Borrowings">Loans and financing</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Borrowings" xlink:to="label_Borrowings" xlink:title="Label : Borrowings to label_Borrowings" />
    <link:label xlink:type="resource" xlink:label="label_Borrowings_1" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_Borrowings_1" xml:lang="en-US" id="label_Borrowings_1">Loan maturity, amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Borrowings" xlink:to="label_Borrowings_1" xlink:title="Label : Borrowings to label_Borrowings_1" />
    <link:label xlink:type="resource" xlink:label="label_Borrowings_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_Borrowings_2" xml:lang="en-US" id="label_Borrowings_2">Gross indebtedness</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Borrowings" xlink:to="label_Borrowings_2" xlink:title="Label : Borrowings to label_Borrowings_2" />
    <link:label xlink:type="resource" xlink:label="label_Borrowings_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Borrowings_3" xml:lang="en-US" id="label_Borrowings_3">Borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Borrowings" xlink:to="label_Borrowings_3" xlink:title="Label : Borrowings to label_Borrowings_3" />
    <link:label xlink:type="resource" xlink:label="label_Borrowings_4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Borrowings_4" xml:lang="en-US" id="label_Borrowings_4">Borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Borrowings" xlink:to="label_Borrowings_4" xlink:title="Label : Borrowings to label_Borrowings_4" />
    <link:label xlink:type="resource" xlink:label="label_Borrowings_5" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_Borrowings_5" xml:lang="en-US" id="label_Borrowings_5">Total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Borrowings" xlink:to="label_Borrowings_5" xlink:title="Label : Borrowings to label_Borrowings_5" />
    <link:label xlink:type="resource" xlink:label="label_Borrowings_6" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_Borrowings_6" xml:lang="en-US" id="label_Borrowings_6">Loans, debentures and finance leases, ending</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Borrowings" xlink:to="label_Borrowings_6" xlink:title="Label : Borrowings to label_Borrowings_6" />
    <link:label xlink:type="resource" xlink:label="label_Borrowings_7" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_Borrowings_7" xml:lang="en-US" id="label_Borrowings_7">Loans, debentures and finance leases, beginning</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Borrowings" xlink:to="label_Borrowings_7" xlink:title="Label : Borrowings to label_Borrowings_7" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DerivativeFinancialLiabilitiesHeldForHedging" xlink:label="DerivativeFinancialLiabilitiesHeldForHedging" xlink:title="DerivativeFinancialLiabilitiesHeldForHedging" />
    <link:label xlink:type="resource" xlink:label="label_DerivativeFinancialLiabilitiesHeldForHedging" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DerivativeFinancialLiabilitiesHeldForHedging" xml:lang="en-US" id="label_DerivativeFinancialLiabilitiesHeldForHedging">Derivative financial liabilities held for hedging</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeFinancialLiabilitiesHeldForHedging" xlink:to="label_DerivativeFinancialLiabilitiesHeldForHedging" xlink:title="Label : DerivativeFinancialLiabilitiesHeldForHedging to label_DerivativeFinancialLiabilitiesHeldForHedging" />
    <link:label xlink:type="resource" xlink:label="label_DerivativeFinancialLiabilitiesHeldForHedging_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DerivativeFinancialLiabilitiesHeldForHedging_1" xml:lang="en-US" id="label_DerivativeFinancialLiabilitiesHeldForHedging_1">Currency and interest rate hedging instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeFinancialLiabilitiesHeldForHedging" xlink:to="label_DerivativeFinancialLiabilitiesHeldForHedging_1" xlink:title="Label : DerivativeFinancialLiabilitiesHeldForHedging to label_DerivativeFinancialLiabilitiesHeldForHedging_1" />
    <link:label xlink:type="resource" xlink:label="label_DerivativeFinancialLiabilitiesHeldForHedging_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DerivativeFinancialLiabilitiesHeldForHedging_2" xml:lang="en-US" id="label_DerivativeFinancialLiabilitiesHeldForHedging_2">Derivative financial instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeFinancialLiabilitiesHeldForHedging" xlink:to="label_DerivativeFinancialLiabilitiesHeldForHedging_2" xlink:title="Label : DerivativeFinancialLiabilitiesHeldForHedging to label_DerivativeFinancialLiabilitiesHeldForHedging_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LoansReceived" xlink:label="LoansReceived" xlink:title="LoansReceived" />
    <link:label xlink:type="resource" xlink:label="label_LoansReceived" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_LoansReceived" xml:lang="en-US" id="label_LoansReceived">Loans, debentures and finance leases, beginning</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansReceived" xlink:to="label_LoansReceived" xlink:title="Label : LoansReceived to label_LoansReceived" />
    <link:label xlink:type="resource" xlink:label="label_LoansReceived_1" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_LoansReceived_1" xml:lang="en-US" id="label_LoansReceived_1">Loans, debentures and finance leases, ending</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansReceived" xlink:to="label_LoansReceived_1" xlink:title="Label : LoansReceived to label_LoansReceived_1" />
    <link:label xlink:type="resource" xlink:label="label_LoansReceived_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoansReceived_2" xml:lang="en-US" id="label_LoansReceived_2">Loans received</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansReceived" xlink:to="label_LoansReceived_2" xlink:title="Label : LoansReceived to label_LoansReceived_2" />
    <link:label xlink:type="resource" xlink:label="label_LoansReceived_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LoansReceived_3" xml:lang="en-US" id="label_LoansReceived_3">Total foreign currency and Brazilian Reais</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansReceived" xlink:to="label_LoansReceived_3" xlink:title="Label : LoansReceived to label_LoansReceived_3" />
    <link:label xlink:type="resource" xlink:label="label_LoansReceived_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LoansReceived_4" xml:lang="en-US" id="label_LoansReceived_4">Loan received</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansReceived" xlink:to="label_LoansReceived_4" xlink:title="Label : LoansReceived to label_LoansReceived_4" />
    <link:label xlink:type="resource" xlink:label="label_LoansReceived_5" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_LoansReceived_5" xml:lang="en-US" id="label_LoansReceived_5">Total foreign currency and Brazilian Reais</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansReceived" xlink:to="label_LoansReceived_5" xlink:title="Label : LoansReceived to label_LoansReceived_5" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_BrazilianRealDenominatedLoans" xlink:label="BrazilianRealDenominatedLoans" xlink:title="BrazilianRealDenominatedLoans" />
    <link:label xlink:type="resource" xlink:label="label_BrazilianRealDenominatedLoans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BrazilianRealDenominatedLoans" xml:lang="en-US" id="label_BrazilianRealDenominatedLoans">Brazilian real denominated loans</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BrazilianRealDenominatedLoans" xlink:to="label_BrazilianRealDenominatedLoans" xlink:title="Label : BrazilianRealDenominatedLoans to label_BrazilianRealDenominatedLoans" />
    <link:label xlink:type="resource" xlink:label="label_BrazilianRealDenominatedLoans_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BrazilianRealDenominatedLoans_1" xml:lang="en-US" id="label_BrazilianRealDenominatedLoans_1">Brazilian Real - denominated loans</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BrazilianRealDenominatedLoans" xlink:to="label_BrazilianRealDenominatedLoans_1" xlink:title="Label : BrazilianRealDenominatedLoans to label_BrazilianRealDenominatedLoans_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations_2" xml:lang="en-US" id="label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations_2">Currency translation of foreign subsidiaries, including the effect of net investments hedge</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations" xlink:to="label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations_2" xlink:title="Label : OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations to label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations_2" />
    <link:label xlink:type="resource" xlink:label="label_BrazilianRealDenominatedLoans_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BrazilianRealDenominatedLoans_2" xml:lang="en-US" id="label_BrazilianRealDenominatedLoans_2">The amount of domestic currency denominated loans received.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BrazilianRealDenominatedLoans" xlink:to="label_BrazilianRealDenominatedLoans_2" xlink:title="Label : BrazilianRealDenominatedLoans to label_BrazilianRealDenominatedLoans_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ForeignCurrencyDenominatedLoans" xlink:label="ForeignCurrencyDenominatedLoans" xlink:title="ForeignCurrencyDenominatedLoans" />
    <link:label xlink:type="resource" xlink:label="label_ForeignCurrencyDenominatedLoans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignCurrencyDenominatedLoans" xml:lang="en-US" id="label_ForeignCurrencyDenominatedLoans">Foreign currency denominated loans</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignCurrencyDenominatedLoans" xlink:to="label_ForeignCurrencyDenominatedLoans" xlink:title="Label : ForeignCurrencyDenominatedLoans to label_ForeignCurrencyDenominatedLoans" />
    <link:label xlink:type="resource" xlink:label="label_ForeignCurrencyDenominatedLoans_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ForeignCurrencyDenominatedLoans_1" xml:lang="en-US" id="label_ForeignCurrencyDenominatedLoans_1">Foreign currency - denominated loans</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignCurrencyDenominatedLoans" xlink:to="label_ForeignCurrencyDenominatedLoans_1" xlink:title="Label : ForeignCurrencyDenominatedLoans to label_ForeignCurrencyDenominatedLoans_1" />
    <link:label xlink:type="resource" xlink:label="label_ForeignCurrencyDenominatedLoans_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignCurrencyDenominatedLoans_2" xml:lang="en-US" id="label_ForeignCurrencyDenominatedLoans_2">The amount of foreign currency denominated loans received.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignCurrencyDenominatedLoans" xlink:to="label_ForeignCurrencyDenominatedLoans_2" xlink:title="Label : ForeignCurrencyDenominatedLoans to label_ForeignCurrencyDenominatedLoans_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LoanIndexCurrency" xlink:label="LoanIndexCurrency" xlink:title="LoanIndexCurrency" />
    <link:label xlink:type="resource" xlink:label="label_LoanIndexCurrency" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoanIndexCurrency" xml:lang="en-US" id="label_LoanIndexCurrency">Loan index currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanIndexCurrency" xlink:to="label_LoanIndexCurrency" xlink:title="Label : LoanIndexCurrency to label_LoanIndexCurrency" />
    <link:label xlink:type="resource" xlink:label="label_LoanIndexCurrency_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LoanIndexCurrency_1" xml:lang="en-US" id="label_LoanIndexCurrency_1">Index/Currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanIndexCurrency" xlink:to="label_LoanIndexCurrency_1" xlink:title="Label : LoanIndexCurrency to label_LoanIndexCurrency_1" />
    <link:label xlink:type="resource" xlink:label="label_LoanIndexCurrency_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LoanIndexCurrency_2" xml:lang="en-US" id="label_LoanIndexCurrency_2">The currency and index in which the borrowings are denominated.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanIndexCurrency" xlink:to="label_LoanIndexCurrency_2" xlink:title="Label : LoanIndexCurrency to label_LoanIndexCurrency_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LoanDescription" xlink:label="LoanDescription" xlink:title="LoanDescription" />
    <link:label xlink:type="resource" xlink:label="label_LoanDescription" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoanDescription" xml:lang="en-US" id="label_LoanDescription">Loan description</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanDescription" xlink:to="label_LoanDescription" xlink:title="Label : LoanDescription to label_LoanDescription" />
    <link:label xlink:type="resource" xlink:label="label_LoanDescription_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LoanDescription_1" xml:lang="en-US" id="label_LoanDescription_1">Description</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanDescription" xlink:to="label_LoanDescription_1" xlink:title="Label : LoanDescription to label_LoanDescription_1" />
    <link:label xlink:type="resource" xlink:label="label_LoanDescription_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LoanDescription_2" xml:lang="en-US" id="label_LoanDescription_2">The description of the borrowings.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanDescription" xlink:to="label_LoanDescription_2" xlink:title="Label : LoanDescription to label_LoanDescription_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:label="OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:title="OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xml:lang="en-US" id="label_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome">Fair value adjustments of available for financial instruments, net of income taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:to="label_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:title="Label : OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome to label_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Loan25Member" xlink:label="Loan25Member" xlink:title="Loan25Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan25Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Loan25Member" xml:lang="en-US" id="label_Loan25Member">This member stands for the information pertaining to loan 25.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan25Member" xlink:to="label_Loan25Member" xlink:title="Label : Loan25Member to label_Loan25Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan25Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Loan25Member_1" xml:lang="en-US" id="label_Loan25Member_1">Loan 25 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan25Member" xlink:to="label_Loan25Member_1" xlink:title="Label : Loan25Member to label_Loan25Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Loan25Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Loan25Member_2" xml:lang="en-US" id="label_Loan25Member_2">Loan 25 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan25Member" xlink:to="label_Loan25Member_2" xlink:title="Label : Loan25Member to label_Loan25Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Loan24Member" xlink:label="Loan24Member" xlink:title="Loan24Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan24Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Loan24Member" xml:lang="en-US" id="label_Loan24Member">This member stands for the information pertaining to loan 24.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan24Member" xlink:to="label_Loan24Member" xlink:title="Label : Loan24Member to label_Loan24Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan24Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Loan24Member_1" xml:lang="en-US" id="label_Loan24Member_1">Loan 24 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan24Member" xlink:to="label_Loan24Member_1" xlink:title="Label : Loan24Member to label_Loan24Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Loan24Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Loan24Member_2" xml:lang="en-US" id="label_Loan24Member_2">Loan 24 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan24Member" xlink:to="label_Loan24Member_2" xlink:title="Label : Loan24Member to label_Loan24Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Loan23Member" xlink:label="Loan23Member" xlink:title="Loan23Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan23Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Loan23Member" xml:lang="en-US" id="label_Loan23Member">This member stands for the information pertaining to loan 23.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan23Member" xlink:to="label_Loan23Member" xlink:title="Label : Loan23Member to label_Loan23Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan23Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Loan23Member_1" xml:lang="en-US" id="label_Loan23Member_1">Loan 23 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan23Member" xlink:to="label_Loan23Member_1" xlink:title="Label : Loan23Member to label_Loan23Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Loan23Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Loan23Member_2" xml:lang="en-US" id="label_Loan23Member_2">Loan 23 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan23Member" xlink:to="label_Loan23Member_2" xlink:title="Label : Loan23Member to label_Loan23Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Loan22Member" xlink:label="Loan22Member" xlink:title="Loan22Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan22Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Loan22Member" xml:lang="en-US" id="label_Loan22Member">This member stands for the information pertaining to loan 22.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan22Member" xlink:to="label_Loan22Member" xlink:title="Label : Loan22Member to label_Loan22Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan22Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Loan22Member_1" xml:lang="en-US" id="label_Loan22Member_1">Loan 22 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan22Member" xlink:to="label_Loan22Member_1" xlink:title="Label : Loan22Member to label_Loan22Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Loan22Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Loan22Member_2" xml:lang="en-US" id="label_Loan22Member_2">Loan 22 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan22Member" xlink:to="label_Loan22Member_2" xlink:title="Label : Loan22Member to label_Loan22Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Loan21Member" xlink:label="Loan21Member" xlink:title="Loan21Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan21Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Loan21Member" xml:lang="en-US" id="label_Loan21Member">This member stands for the information pertaining to loan 21.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan21Member" xlink:to="label_Loan21Member" xlink:title="Label : Loan21Member to label_Loan21Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan21Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Loan21Member_1" xml:lang="en-US" id="label_Loan21Member_1">Loan 21 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan21Member" xlink:to="label_Loan21Member_1" xlink:title="Label : Loan21Member to label_Loan21Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Loan21Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Loan21Member_2" xml:lang="en-US" id="label_Loan21Member_2">Loan 21 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan21Member" xlink:to="label_Loan21Member_2" xlink:title="Label : Loan21Member to label_Loan21Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Loan20Member" xlink:label="Loan20Member" xlink:title="Loan20Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan20Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Loan20Member" xml:lang="en-US" id="label_Loan20Member">This member stands for the information pertaining to loan 20.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan20Member" xlink:to="label_Loan20Member" xlink:title="Label : Loan20Member to label_Loan20Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan20Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Loan20Member_1" xml:lang="en-US" id="label_Loan20Member_1">Loan 20 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan20Member" xlink:to="label_Loan20Member_1" xlink:title="Label : Loan20Member to label_Loan20Member_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_1" xml:lang="en-US" id="label_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_1">Other comprehensive income, net of tax, financial assets measured at fair value through other comprehensive income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:to="label_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_1" xlink:title="Label : OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome to label_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_1" />
    <link:label xlink:type="resource" xlink:label="label_Loan20Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Loan20Member_2" xml:lang="en-US" id="label_Loan20Member_2">Loan 20 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan20Member" xlink:to="label_Loan20Member_2" xlink:title="Label : Loan20Member to label_Loan20Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Loan19Member" xlink:label="Loan19Member" xlink:title="Loan19Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan19Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Loan19Member" xml:lang="en-US" id="label_Loan19Member">This member stands for the information pertaining to loan 19.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan19Member" xlink:to="label_Loan19Member" xlink:title="Label : Loan19Member to label_Loan19Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan19Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Loan19Member_1" xml:lang="en-US" id="label_Loan19Member_1">Loan 19 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan19Member" xlink:to="label_Loan19Member_1" xlink:title="Label : Loan19Member to label_Loan19Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Loan19Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Loan19Member_2" xml:lang="en-US" id="label_Loan19Member_2">Loan 19 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan19Member" xlink:to="label_Loan19Member_2" xlink:title="Label : Loan19Member to label_Loan19Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Loan18Member" xlink:label="Loan18Member" xlink:title="Loan18Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan18Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Loan18Member" xml:lang="en-US" id="label_Loan18Member">This member stands for the information pertaining to loan 18.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan18Member" xlink:to="label_Loan18Member" xlink:title="Label : Loan18Member to label_Loan18Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan18Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Loan18Member_1" xml:lang="en-US" id="label_Loan18Member_1">Loan 18 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan18Member" xlink:to="label_Loan18Member_1" xlink:title="Label : Loan18Member to label_Loan18Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Loan18Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Loan18Member_2" xml:lang="en-US" id="label_Loan18Member_2">Loan 18 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan18Member" xlink:to="label_Loan18Member_2" xlink:title="Label : Loan18Member to label_Loan18Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Loan17Member" xlink:label="Loan17Member" xlink:title="Loan17Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan17Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Loan17Member" xml:lang="en-US" id="label_Loan17Member">This member stands for the information pertaining to loan 17.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan17Member" xlink:to="label_Loan17Member" xlink:title="Label : Loan17Member to label_Loan17Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan17Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Loan17Member_1" xml:lang="en-US" id="label_Loan17Member_1">Loan 17 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan17Member" xlink:to="label_Loan17Member_1" xlink:title="Label : Loan17Member to label_Loan17Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Loan17Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Loan17Member_2" xml:lang="en-US" id="label_Loan17Member_2">Loan 17 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan17Member" xlink:to="label_Loan17Member_2" xlink:title="Label : Loan17Member to label_Loan17Member_2" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_2" xml:lang="en-US" id="label_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_2">Fair value adjustments of financial instruments of subsidiaries, joint ventures and associates, net of income and social contribution taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:to="label_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_2" xlink:title="Label : OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome to label_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Loan16Member" xlink:label="Loan16Member" xlink:title="Loan16Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan16Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Loan16Member" xml:lang="en-US" id="label_Loan16Member">This member stands for the information pertaining to loan 16.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan16Member" xlink:to="label_Loan16Member" xlink:title="Label : Loan16Member to label_Loan16Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan16Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Loan16Member_1" xml:lang="en-US" id="label_Loan16Member_1">Loan 16 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan16Member" xlink:to="label_Loan16Member_1" xlink:title="Label : Loan16Member to label_Loan16Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Loan16Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Loan16Member_2" xml:lang="en-US" id="label_Loan16Member_2">Loan 16 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan16Member" xlink:to="label_Loan16Member_2" xlink:title="Label : Loan16Member to label_Loan16Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Loan15Member" xlink:label="Loan15Member" xlink:title="Loan15Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan15Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Loan15Member" xml:lang="en-US" id="label_Loan15Member">This member stands for the information pertaining to loan 15.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan15Member" xlink:to="label_Loan15Member" xlink:title="Label : Loan15Member to label_Loan15Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan15Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Loan15Member_1" xml:lang="en-US" id="label_Loan15Member_1">Loan 15 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan15Member" xlink:to="label_Loan15Member_1" xlink:title="Label : Loan15Member to label_Loan15Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Loan15Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Loan15Member_2" xml:lang="en-US" id="label_Loan15Member_2">Loan 15 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan15Member" xlink:to="label_Loan15Member_2" xlink:title="Label : Loan15Member to label_Loan15Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Loan14Member" xlink:label="Loan14Member" xlink:title="Loan14Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan14Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Loan14Member" xml:lang="en-US" id="label_Loan14Member">This member stands for the information pertaining to loan 14.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan14Member" xlink:to="label_Loan14Member" xlink:title="Label : Loan14Member to label_Loan14Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan14Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Loan14Member_1" xml:lang="en-US" id="label_Loan14Member_1">Loan 14 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan14Member" xlink:to="label_Loan14Member_1" xlink:title="Label : Loan14Member to label_Loan14Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Loan14Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Loan14Member_2" xml:lang="en-US" id="label_Loan14Member_2">Loan 14 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan14Member" xlink:to="label_Loan14Member_2" xlink:title="Label : Loan14Member to label_Loan14Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Loan13Member" xlink:label="Loan13Member" xlink:title="Loan13Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan13Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Loan13Member" xml:lang="en-US" id="label_Loan13Member">This member stands for the information pertaining to loan 13.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan13Member" xlink:to="label_Loan13Member" xlink:title="Label : Loan13Member to label_Loan13Member" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:label="ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:title="ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xml:lang="en-US" id="label_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract">Items that will be subsequently reclassified to profit or loss:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:to="label_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:title="Label : ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract to label_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" />
    <link:label xlink:type="resource" xlink:label="label_Loan13Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Loan13Member_1" xml:lang="en-US" id="label_Loan13Member_1">Loan 13 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan13Member" xlink:to="label_Loan13Member_1" xlink:title="Label : Loan13Member to label_Loan13Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Loan13Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Loan13Member_2" xml:lang="en-US" id="label_Loan13Member_2">Loan 13 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan13Member" xlink:to="label_Loan13Member_2" xlink:title="Label : Loan13Member to label_Loan13Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Loan12Member" xlink:label="Loan12Member" xlink:title="Loan12Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan12Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Loan12Member" xml:lang="en-US" id="label_Loan12Member">This member stands for the information pertaining to loan 12.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan12Member" xlink:to="label_Loan12Member" xlink:title="Label : Loan12Member to label_Loan12Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan12Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Loan12Member_1" xml:lang="en-US" id="label_Loan12Member_1">Loan 12 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan12Member" xlink:to="label_Loan12Member_1" xlink:title="Label : Loan12Member to label_Loan12Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Loan12Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Loan12Member_2" xml:lang="en-US" id="label_Loan12Member_2">Loan 12 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan12Member" xlink:to="label_Loan12Member_2" xlink:title="Label : Loan12Member to label_Loan12Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Loan11Member" xlink:label="Loan11Member" xlink:title="Loan11Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan11Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Loan11Member" xml:lang="en-US" id="label_Loan11Member">This member stands for the information pertaining to loan 11.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan11Member" xlink:to="label_Loan11Member" xlink:title="Label : Loan11Member to label_Loan11Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan11Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Loan11Member_1" xml:lang="en-US" id="label_Loan11Member_1">Loan 11 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan11Member" xlink:to="label_Loan11Member_1" xlink:title="Label : Loan11Member to label_Loan11Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Loan11Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Loan11Member_2" xml:lang="en-US" id="label_Loan11Member_2">Loan 11 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan11Member" xlink:to="label_Loan11Member_2" xlink:title="Label : Loan11Member to label_Loan11Member_2" />
    <link:label xlink:type="resource" xlink:label="label_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract_1" xml:lang="en-US" id="label_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract_1">Components of other comprehensive income that will be reclassified to profit or loss, net of tax [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:to="label_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract_1" xlink:title="Label : ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract to label_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xlink:label="ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xlink:title="ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xml:lang="en-US" id="label_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod">Share of profit (loss) of subsidiaries, joint ventures and associates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xlink:to="label_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xlink:title="Label : ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod to label_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Loan10Member" xlink:label="Loan10Member" xlink:title="Loan10Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan10Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Loan10Member" xml:lang="en-US" id="label_Loan10Member">This member stands for the information pertaining to loan 10.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan10Member" xlink:to="label_Loan10Member" xlink:title="Label : Loan10Member to label_Loan10Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan10Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Loan10Member_1" xml:lang="en-US" id="label_Loan10Member_1">Loan 10 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan10Member" xlink:to="label_Loan10Member_1" xlink:title="Label : Loan10Member to label_Loan10Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Loan10Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Loan10Member_2" xml:lang="en-US" id="label_Loan10Member_2">Loan 10 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan10Member" xlink:to="label_Loan10Member_2" xlink:title="Label : Loan10Member to label_Loan10Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Loan9Member" xlink:label="Loan9Member" xlink:title="Loan9Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan9Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Loan9Member" xml:lang="en-US" id="label_Loan9Member">This member stands for the information pertaining to loan 9.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan9Member" xlink:to="label_Loan9Member" xlink:title="Label : Loan9Member to label_Loan9Member" />
    <link:label xlink:type="resource" xlink:label="label_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod_1" xml:lang="en-US" id="label_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod_1">Share of profit (loss) of associates accounted for using equity method</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xlink:to="label_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod_1" xlink:title="Label : ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod to label_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod_1" />
    <link:label xlink:type="resource" xlink:label="label_Loan9Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Loan9Member_1" xml:lang="en-US" id="label_Loan9Member_1">Loan 9 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan9Member" xlink:to="label_Loan9Member_1" xlink:title="Label : Loan9Member to label_Loan9Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Loan9Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Loan9Member_2" xml:lang="en-US" id="label_Loan9Member_2">Loan 9 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan9Member" xlink:to="label_Loan9Member_2" xlink:title="Label : Loan9Member to label_Loan9Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Loan8Member" xlink:label="Loan8Member" xlink:title="Loan8Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan8Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Loan8Member" xml:lang="en-US" id="label_Loan8Member">This member stands for the information pertaining to loan 8.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan8Member" xlink:to="label_Loan8Member" xlink:title="Label : Loan8Member to label_Loan8Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan8Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Loan8Member_1" xml:lang="en-US" id="label_Loan8Member_1">Loan 8 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan8Member" xlink:to="label_Loan8Member_1" xlink:title="Label : Loan8Member to label_Loan8Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Loan8Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Loan8Member_2" xml:lang="en-US" id="label_Loan8Member_2">Loan 8 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan8Member" xlink:to="label_Loan8Member_2" xlink:title="Label : Loan8Member to label_Loan8Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Loan7Member" xlink:label="Loan7Member" xlink:title="Loan7Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan7Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Loan7Member" xml:lang="en-US" id="label_Loan7Member">This member stands for the information pertaining to loan 7.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan7Member" xlink:to="label_Loan7Member" xlink:title="Label : Loan7Member to label_Loan7Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan7Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Loan7Member_1" xml:lang="en-US" id="label_Loan7Member_1">Loan 7 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan7Member" xlink:to="label_Loan7Member_1" xlink:title="Label : Loan7Member to label_Loan7Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Loan7Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Loan7Member_2" xml:lang="en-US" id="label_Loan7Member_2">Loan 7 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan7Member" xlink:to="label_Loan7Member_2" xlink:title="Label : Loan7Member to label_Loan7Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Loan6Member" xlink:label="Loan6Member" xlink:title="Loan6Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan6Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Loan6Member" xml:lang="en-US" id="label_Loan6Member">This member stands for the information pertaining to loan 6.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan6Member" xlink:to="label_Loan6Member" xlink:title="Label : Loan6Member to label_Loan6Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan6Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Loan6Member_1" xml:lang="en-US" id="label_Loan6Member_1">Loan 6 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan6Member" xlink:to="label_Loan6Member_1" xlink:title="Label : Loan6Member to label_Loan6Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Loan6Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Loan6Member_2" xml:lang="en-US" id="label_Loan6Member_2">Loan 6 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan6Member" xlink:to="label_Loan6Member_2" xlink:title="Label : Loan6Member to label_Loan6Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Loan5Member" xlink:label="Loan5Member" xlink:title="Loan5Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan5Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Loan5Member" xml:lang="en-US" id="label_Loan5Member">This member stands for the information pertaining to loan 5.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan5Member" xlink:to="label_Loan5Member" xlink:title="Label : Loan5Member to label_Loan5Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan5Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Loan5Member_1" xml:lang="en-US" id="label_Loan5Member_1">Loan 5 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan5Member" xlink:to="label_Loan5Member_1" xlink:title="Label : Loan5Member to label_Loan5Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Loan5Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Loan5Member_2" xml:lang="en-US" id="label_Loan5Member_2">Loan 5 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan5Member" xlink:to="label_Loan5Member_2" xlink:title="Label : Loan5Member to label_Loan5Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Loan4Member" xlink:label="Loan4Member" xlink:title="Loan4Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan4Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Loan4Member" xml:lang="en-US" id="label_Loan4Member">This member stands for the information pertaining to loan 4.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan4Member" xlink:to="label_Loan4Member" xlink:title="Label : Loan4Member to label_Loan4Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan4Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Loan4Member_1" xml:lang="en-US" id="label_Loan4Member_1">Loan 4 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan4Member" xlink:to="label_Loan4Member_1" xlink:title="Label : Loan4Member to label_Loan4Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Loan4Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Loan4Member_2" xml:lang="en-US" id="label_Loan4Member_2">Loan 4 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan4Member" xlink:to="label_Loan4Member_2" xlink:title="Label : Loan4Member to label_Loan4Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Loan3Member" xlink:label="Loan3Member" xlink:title="Loan3Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan3Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Loan3Member" xml:lang="en-US" id="label_Loan3Member">This member stands for the information pertaining to loan 3.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan3Member" xlink:to="label_Loan3Member" xlink:title="Label : Loan3Member to label_Loan3Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan3Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Loan3Member_1" xml:lang="en-US" id="label_Loan3Member_1">Loan 3 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan3Member" xlink:to="label_Loan3Member_1" xlink:title="Label : Loan3Member to label_Loan3Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Loan3Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Loan3Member_2" xml:lang="en-US" id="label_Loan3Member_2">Loan 3 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan3Member" xlink:to="label_Loan3Member_2" xlink:title="Label : Loan3Member to label_Loan3Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Loan2Member" xlink:label="Loan2Member" xlink:title="Loan2Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan2Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Loan2Member" xml:lang="en-US" id="label_Loan2Member">This member stands for the information pertaining to loan 2.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan2Member" xlink:to="label_Loan2Member" xlink:title="Label : Loan2Member to label_Loan2Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan2Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Loan2Member_1" xml:lang="en-US" id="label_Loan2Member_1">Loan 2 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan2Member" xlink:to="label_Loan2Member_1" xlink:title="Label : Loan2Member to label_Loan2Member_1" />
    <link:label xlink:type="resource" xlink:label="label_Loan2Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Loan2Member_2" xml:lang="en-US" id="label_Loan2Member_2">Loan 2 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan2Member" xlink:to="label_Loan2Member_2" xlink:title="Label : Loan2Member to label_Loan2Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_Loan1Member" xlink:label="Loan1Member" xlink:title="Loan1Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Loan1Member" xml:lang="en-US" id="label_Loan1Member">Loan 1 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan1Member" xlink:to="label_Loan1Member" xlink:title="Label : Loan1Member to label_Loan1Member" />
    <link:label xlink:type="resource" xlink:label="label_Loan1Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Loan1Member_1" xml:lang="en-US" id="label_Loan1Member_1">Loan 1 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan1Member" xlink:to="label_Loan1Member_1" xlink:title="Label : Loan1Member to label_Loan1Member_1" />
    <link:label xlink:type="resource" xlink:label="label_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod_2" xml:lang="en-US" id="label_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod_2">Share of profit (loss) of associates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xlink:to="label_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod_2" xlink:title="Label : ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod to label_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod_2" />
    <link:label xlink:type="resource" xlink:label="label_Loan1Member_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Loan1Member_2" xml:lang="en-US" id="label_Loan1Member_2">This member stands for the information pertaining to loan 1.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Loan1Member" xlink:to="label_Loan1Member_2" xlink:title="Label : Loan1Member to label_Loan1Member_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfLiabilitiesDomain" xlink:label="ClassesOfLiabilitiesDomain" xlink:title="ClassesOfLiabilitiesDomain" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfLiabilitiesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfLiabilitiesDomain" xml:lang="en-US" id="label_ClassesOfLiabilitiesDomain">Classes of liabilities [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfLiabilitiesDomain" xlink:to="label_ClassesOfLiabilitiesDomain" xlink:title="Label : ClassesOfLiabilitiesDomain to label_ClassesOfLiabilitiesDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfLiabilitiesAxis" xlink:label="ClassesOfLiabilitiesAxis" xlink:title="ClassesOfLiabilitiesAxis" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ClassesOfLiabilitiesAxis" xml:lang="en-US" id="label_ClassesOfLiabilitiesAxis">Classes of liabilities [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfLiabilitiesAxis" xlink:to="label_ClassesOfLiabilitiesAxis" xlink:title="Label : ClassesOfLiabilitiesAxis to label_ClassesOfLiabilitiesAxis" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfLiabilitiesAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfLiabilitiesAxis_1" xml:lang="en-US" id="label_ClassesOfLiabilitiesAxis_1">Classes of liabilities [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfLiabilitiesAxis" xlink:to="label_ClassesOfLiabilitiesAxis_1" xlink:title="Label : ClassesOfLiabilitiesAxis to label_ClassesOfLiabilitiesAxis_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IntangibleAssetsUnderDevelopment" xlink:label="IntangibleAssetsUnderDevelopment" xlink:title="IntangibleAssetsUnderDevelopment" />
    <link:label xlink:type="resource" xlink:label="label_IntangibleAssetsUnderDevelopment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IntangibleAssetsUnderDevelopment" xml:lang="en-US" id="label_IntangibleAssetsUnderDevelopment">Software in progress</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsUnderDevelopment" xlink:to="label_IntangibleAssetsUnderDevelopment" xlink:title="Label : IntangibleAssetsUnderDevelopment to label_IntangibleAssetsUnderDevelopment" />
    <link:label xlink:type="resource" xlink:label="label_IntangibleAssetsUnderDevelopment_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IntangibleAssetsUnderDevelopment_1" xml:lang="en-US" id="label_IntangibleAssetsUnderDevelopment_1">Intangible assets under development</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsUnderDevelopment" xlink:to="label_IntangibleAssetsUnderDevelopment_1" xlink:title="Label : IntangibleAssetsUnderDevelopment to label_IntangibleAssetsUnderDevelopment_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_RealGrowthRate" xlink:label="RealGrowthRate" xlink:title="RealGrowthRate" />
    <link:label xlink:type="resource" xlink:label="label_RealGrowthRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RealGrowthRate" xml:lang="en-US" id="label_RealGrowthRate">Real growth rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealGrowthRate" xlink:to="label_RealGrowthRate" xlink:title="Label : RealGrowthRate to label_RealGrowthRate" />
    <link:label xlink:type="resource" xlink:label="label_RealGrowthRate_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RealGrowthRate_1" xml:lang="en-US" id="label_RealGrowthRate_1">Real growth rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealGrowthRate" xlink:to="label_RealGrowthRate_1" xlink:title="Label : RealGrowthRate to label_RealGrowthRate_1" />
    <link:label xlink:type="resource" xlink:label="label_RealGrowthRate_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RealGrowthRate_2" xml:lang="en-US" id="label_RealGrowthRate_2">The real growth rate used to extrapolate the projections.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealGrowthRate" xlink:to="label_RealGrowthRate_2" xlink:title="Label : RealGrowthRate to label_RealGrowthRate_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PeriodToMaturity" xlink:label="PeriodToMaturity" xlink:title="PeriodToMaturity" />
    <link:label xlink:type="resource" xlink:label="label_PeriodToMaturity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PeriodToMaturity" xml:lang="en-US" id="label_PeriodToMaturity">Period to maturity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodToMaturity" xlink:to="label_PeriodToMaturity" xlink:title="Label : PeriodToMaturity to label_PeriodToMaturity" />
    <link:label xlink:type="resource" xlink:label="label_PeriodToMaturity_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PeriodToMaturity_1" xml:lang="en-US" id="label_PeriodToMaturity_1">Period to maturity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodToMaturity" xlink:to="label_PeriodToMaturity_1" xlink:title="Label : PeriodToMaturity to label_PeriodToMaturity_1" />
    <link:label xlink:type="resource" xlink:label="label_PeriodToMaturity_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PeriodToMaturity_2" xml:lang="en-US" id="label_PeriodToMaturity_2">The maturity period of new stores considered.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodToMaturity" xlink:to="label_PeriodToMaturity_2" xlink:title="Label : PeriodToMaturity to label_PeriodToMaturity_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PeriodOfEvaluation" xlink:label="PeriodOfEvaluation" xlink:title="PeriodOfEvaluation" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOfEvaluation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PeriodOfEvaluation" xml:lang="en-US" id="label_PeriodOfEvaluation">Period of evaluation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfEvaluation" xlink:to="label_PeriodOfEvaluation" xlink:title="Label : PeriodOfEvaluation to label_PeriodOfEvaluation" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOfEvaluation_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PeriodOfEvaluation_1" xml:lang="en-US" id="label_PeriodOfEvaluation_1">Period of evaluation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfEvaluation" xlink:to="label_PeriodOfEvaluation_1" xlink:title="Label : PeriodOfEvaluation to label_PeriodOfEvaluation_1" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOfEvaluation_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PeriodOfEvaluation_2" xml:lang="en-US" id="label_PeriodOfEvaluation_2">The evaluation period used to calculate the value.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfEvaluation" xlink:to="label_PeriodOfEvaluation_2" xlink:title="Label : PeriodOfEvaluation to label_PeriodOfEvaluation_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DilutedEarningsLossPerShareFromDiscontinuedOperations" xlink:label="DilutedEarningsLossPerShareFromDiscontinuedOperations" xlink:title="DilutedEarningsLossPerShareFromDiscontinuedOperations" />
    <link:label xlink:type="resource" xlink:label="label_DilutedEarningsLossPerShareFromDiscontinuedOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DilutedEarningsLossPerShareFromDiscontinuedOperations" xml:lang="en-US" id="label_DilutedEarningsLossPerShareFromDiscontinuedOperations">Diluted earnings (loss) per share from discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DilutedEarningsLossPerShareFromDiscontinuedOperations" xlink:to="label_DilutedEarningsLossPerShareFromDiscontinuedOperations" xlink:title="Label : DilutedEarningsLossPerShareFromDiscontinuedOperations to label_DilutedEarningsLossPerShareFromDiscontinuedOperations" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SegmentsDomain" xlink:label="SegmentsDomain" xlink:title="SegmentsDomain" />
    <link:label xlink:type="resource" xlink:label="label_SegmentsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SegmentsDomain" xml:lang="en-US" id="label_SegmentsDomain">Segments [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SegmentsDomain" xlink:to="label_SegmentsDomain" xlink:title="Label : SegmentsDomain to label_SegmentsDomain" />
    <link:label xlink:type="resource" xlink:label="label_DilutedEarningsLossPerShareFromDiscontinuedOperations_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DilutedEarningsLossPerShareFromDiscontinuedOperations_1" xml:lang="en-US" id="label_DilutedEarningsLossPerShareFromDiscontinuedOperations_1">Diluted earnings per share &#x2013; R$, Discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DilutedEarningsLossPerShareFromDiscontinuedOperations" xlink:to="label_DilutedEarningsLossPerShareFromDiscontinuedOperations_1" xlink:title="Label : DilutedEarningsLossPerShareFromDiscontinuedOperations to label_DilutedEarningsLossPerShareFromDiscontinuedOperations_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SegmentsAxis" xlink:label="SegmentsAxis" xlink:title="SegmentsAxis" />
    <link:label xlink:type="resource" xlink:label="label_SegmentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SegmentsAxis" xml:lang="en-US" id="label_SegmentsAxis">Segments [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SegmentsAxis" xlink:to="label_SegmentsAxis" xlink:title="Label : SegmentsAxis to label_SegmentsAxis" />
    <link:label xlink:type="resource" xlink:label="label_SegmentsAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SegmentsAxis_1" xml:lang="en-US" id="label_SegmentsAxis_1">Segments [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SegmentsAxis" xlink:to="label_SegmentsAxis_1" xlink:title="Label : SegmentsAxis to label_SegmentsAxis_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2024/elts/srt-2024.xsd#srt_ParentCompanyMember" xlink:label="ParentCompanyMember" xlink:title="ParentCompanyMember" />
    <link:label xlink:type="resource" xlink:label="label_ParentCompanyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ParentCompanyMember" xml:lang="en-US" id="label_ParentCompanyMember">at Ultrapar [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ParentCompanyMember" xlink:to="label_ParentCompanyMember" xlink:title="Label : ParentCompanyMember to label_ParentCompanyMember" />
    <link:label xlink:type="resource" xlink:label="label_ParentCompanyMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ParentCompanyMember_1" xml:lang="en-US" id="label_ParentCompanyMember_1">Parent Company [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ParentCompanyMember" xlink:to="label_ParentCompanyMember_1" xlink:title="Label : ParentCompanyMember to label_ParentCompanyMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2024/elts/srt-2024.xsd#srt_ConsolidatedEntitiesDomain" xlink:label="ConsolidatedEntitiesDomain" xlink:title="ConsolidatedEntitiesDomain" />
    <link:label xlink:type="resource" xlink:label="label_ConsolidatedEntitiesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConsolidatedEntitiesDomain" xml:lang="en-US" id="label_ConsolidatedEntitiesDomain">Consolidated Entities [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsolidatedEntitiesDomain" xlink:to="label_ConsolidatedEntitiesDomain" xlink:title="Label : ConsolidatedEntitiesDomain to label_ConsolidatedEntitiesDomain" />
    <link:label xlink:type="resource" xlink:label="label_ConsolidatedEntitiesDomain_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConsolidatedEntitiesDomain_1" xml:lang="en-US" id="label_ConsolidatedEntitiesDomain_1">Consolidated Entities [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsolidatedEntitiesDomain" xlink:to="label_ConsolidatedEntitiesDomain_1" xlink:title="Label : ConsolidatedEntitiesDomain to label_ConsolidatedEntitiesDomain_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2024/elts/srt-2024.xsd#srt_ConsolidatedEntitiesAxis" xlink:label="ConsolidatedEntitiesAxis" xlink:title="ConsolidatedEntitiesAxis" />
    <link:label xlink:type="resource" xlink:label="label_ConsolidatedEntitiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConsolidatedEntitiesAxis" xml:lang="en-US" id="label_ConsolidatedEntitiesAxis">Consolidated Entities [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsolidatedEntitiesAxis" xlink:to="label_ConsolidatedEntitiesAxis" xlink:title="Label : ConsolidatedEntitiesAxis to label_ConsolidatedEntitiesAxis" />
    <link:label xlink:type="resource" xlink:label="label_ConsolidatedEntitiesAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConsolidatedEntitiesAxis_1" xml:lang="en-US" id="label_ConsolidatedEntitiesAxis_1">Consolidated Entities [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsolidatedEntitiesAxis" xlink:to="label_ConsolidatedEntitiesAxis_1" xlink:title="Label : ConsolidatedEntitiesAxis to label_ConsolidatedEntitiesAxis_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdditionalRecognitionGoodwill" xlink:label="AdditionalRecognitionGoodwill" xlink:title="AdditionalRecognitionGoodwill" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalRecognitionGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdditionalRecognitionGoodwill" xml:lang="en-US" id="label_AdditionalRecognitionGoodwill">Goodwill</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalRecognitionGoodwill" xlink:to="label_AdditionalRecognitionGoodwill" xlink:title="Label : AdditionalRecognitionGoodwill to label_AdditionalRecognitionGoodwill" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalRecognitionGoodwill_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionalRecognitionGoodwill_1" xml:lang="en-US" id="label_AdditionalRecognitionGoodwill_1">Additional recognition, goodwill</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalRecognitionGoodwill" xlink:to="label_AdditionalRecognitionGoodwill_1" xlink:title="Label : AdditionalRecognitionGoodwill to label_AdditionalRecognitionGoodwill_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill" xlink:label="ImpairmentLossRecognisedInProfitOrLossGoodwill" xlink:title="ImpairmentLossRecognisedInProfitOrLossGoodwill" />
    <link:label xlink:type="resource" xlink:label="label_ImpairmentLossRecognisedInProfitOrLossGoodwill" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_ImpairmentLossRecognisedInProfitOrLossGoodwill" xml:lang="en-US" id="label_ImpairmentLossRecognisedInProfitOrLossGoodwill">Impairment loss</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentLossRecognisedInProfitOrLossGoodwill" xlink:to="label_ImpairmentLossRecognisedInProfitOrLossGoodwill" xlink:title="Label : ImpairmentLossRecognisedInProfitOrLossGoodwill to label_ImpairmentLossRecognisedInProfitOrLossGoodwill" />
    <link:label xlink:type="resource" xlink:label="label_ImpairmentLossRecognisedInProfitOrLossGoodwill_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ImpairmentLossRecognisedInProfitOrLossGoodwill_1" xml:lang="en-US" id="label_ImpairmentLossRecognisedInProfitOrLossGoodwill_1">Goodwill impairment loss</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentLossRecognisedInProfitOrLossGoodwill" xlink:to="label_ImpairmentLossRecognisedInProfitOrLossGoodwill_1" xlink:title="Label : ImpairmentLossRecognisedInProfitOrLossGoodwill to label_ImpairmentLossRecognisedInProfitOrLossGoodwill_1" />
    <link:label xlink:type="resource" xlink:label="label_ImpairmentLossRecognisedInProfitOrLossGoodwill_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ImpairmentLossRecognisedInProfitOrLossGoodwill_2" xml:lang="en-US" id="label_ImpairmentLossRecognisedInProfitOrLossGoodwill_2">Impairment loss recognised in profit or loss, goodwill</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentLossRecognisedInProfitOrLossGoodwill" xlink:to="label_ImpairmentLossRecognisedInProfitOrLossGoodwill_2" xlink:title="Label : ImpairmentLossRecognisedInProfitOrLossGoodwill to label_ImpairmentLossRecognisedInProfitOrLossGoodwill_2" />
    <link:label xlink:type="resource" xlink:label="label_ImpairmentLossRecognisedInProfitOrLossGoodwill_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ImpairmentLossRecognisedInProfitOrLossGoodwill_3" xml:lang="en-US" id="label_ImpairmentLossRecognisedInProfitOrLossGoodwill_3">Goodwill acquisition impairment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentLossRecognisedInProfitOrLossGoodwill" xlink:to="label_ImpairmentLossRecognisedInProfitOrLossGoodwill_3" xlink:title="Label : ImpairmentLossRecognisedInProfitOrLossGoodwill to label_ImpairmentLossRecognisedInProfitOrLossGoodwill_3" />
    <link:label xlink:type="resource" xlink:label="label_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwillGross_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwillGross_2" xml:lang="en-US" id="label_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwillGross_2">Goodwill acquisition gross</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwillGross" xlink:to="label_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwillGross_2" xlink:title="Label : AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwillGross to label_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwillGross_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_GoodwillAcquisitionSegment" xlink:label="GoodwillAcquisitionSegment" xlink:title="GoodwillAcquisitionSegment" />
    <link:label xlink:type="resource" xlink:label="label_GoodwillAcquisitionSegment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GoodwillAcquisitionSegment" xml:lang="en-US" id="label_GoodwillAcquisitionSegment">Goodwill acquisition segment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GoodwillAcquisitionSegment" xlink:to="label_GoodwillAcquisitionSegment" xlink:title="Label : GoodwillAcquisitionSegment to label_GoodwillAcquisitionSegment" />
    <link:label xlink:type="resource" xlink:label="label_GoodwillAcquisitionSegment_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GoodwillAcquisitionSegment_1" xml:lang="en-US" id="label_GoodwillAcquisitionSegment_1">Segment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GoodwillAcquisitionSegment" xlink:to="label_GoodwillAcquisitionSegment_1" xlink:title="Label : GoodwillAcquisitionSegment to label_GoodwillAcquisitionSegment_1" />
    <link:label xlink:type="resource" xlink:label="label_GoodwillAcquisitionSegment_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GoodwillAcquisitionSegment_2" xml:lang="en-US" id="label_GoodwillAcquisitionSegment_2">The description of goodwill acquisition segment.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GoodwillAcquisitionSegment" xlink:to="label_GoodwillAcquisitionSegment_2" xlink:title="Label : GoodwillAcquisitionSegment to label_GoodwillAcquisitionSegment_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BusinessCombinationsMember" xlink:label="BusinessCombinationsMember" xlink:title="BusinessCombinationsMember" />
    <link:label xlink:type="resource" xlink:label="label_BusinessCombinationsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BusinessCombinationsMember" xml:lang="en-US" id="label_BusinessCombinationsMember">Others [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationsMember" xlink:to="label_BusinessCombinationsMember" xlink:title="Label : BusinessCombinationsMember to label_BusinessCombinationsMember" />
    <link:label xlink:type="resource" xlink:label="label_BusinessCombinationsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BusinessCombinationsMember_1" xml:lang="en-US" id="label_BusinessCombinationsMember_1">Business combinations [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationsMember" xlink:to="label_BusinessCombinationsMember_1" xlink:title="Label : BusinessCombinationsMember to label_BusinessCombinationsMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_StellaMember" xlink:label="StellaMember" xlink:title="StellaMember" />
    <link:label xlink:type="resource" xlink:label="label_StellaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StellaMember" xml:lang="en-US" id="label_StellaMember">Stella [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StellaMember" xlink:to="label_StellaMember" xlink:title="Label : StellaMember to label_StellaMember" />
    <link:label xlink:type="resource" xlink:label="label_StellaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StellaMember_1" xml:lang="en-US" id="label_StellaMember_1">Stella [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StellaMember" xlink:to="label_StellaMember_1" xlink:title="Label : StellaMember to label_StellaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_StellaMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_StellaMember_2" xml:lang="en-US" id="label_StellaMember_2">This member stands for the information pertaining to &#x201C;Stella&#x201D;.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StellaMember" xlink:to="label_StellaMember_2" xlink:title="Label : StellaMember to label_StellaMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_RepsolMember" xlink:label="RepsolMember" xlink:title="RepsolMember" />
    <link:label xlink:type="resource" xlink:label="label_RepsolMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RepsolMember" xml:lang="en-US" id="label_RepsolMember">Repsol [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepsolMember" xlink:to="label_RepsolMember" xlink:title="Label : RepsolMember to label_RepsolMember" />
    <link:label xlink:type="resource" xlink:label="label_RepsolMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RepsolMember_1" xml:lang="en-US" id="label_RepsolMember_1">Repsol [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepsolMember" xlink:to="label_RepsolMember_1" xlink:title="Label : RepsolMember to label_RepsolMember_1" />
    <link:label xlink:type="resource" xlink:label="label_RepsolMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RepsolMember_2" xml:lang="en-US" id="label_RepsolMember_2">This member stands for the information pertaining to Repsol.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepsolMember" xlink:to="label_RepsolMember_2" xlink:title="Label : RepsolMember to label_RepsolMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DNPMember" xlink:label="DNPMember" xlink:title="DNPMember" />
    <link:label xlink:type="resource" xlink:label="label_DNPMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DNPMember" xml:lang="en-US" id="label_DNPMember">This member stands for the information pertaining to DNP.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DNPMember" xlink:to="label_DNPMember" xlink:title="Label : DNPMember to label_DNPMember" />
    <link:label xlink:type="resource" xlink:label="label_DNPMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DNPMember_1" xml:lang="en-US" id="label_DNPMember_1">DNP [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DNPMember" xlink:to="label_DNPMember_1" xlink:title="Label : DNPMember to label_DNPMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DNPMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DNPMember_2" xml:lang="en-US" id="label_DNPMember_2">D N P [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DNPMember" xlink:to="label_DNPMember_2" xlink:title="Label : DNPMember to label_DNPMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TemmarMember" xlink:label="TemmarMember" xlink:title="TemmarMember" />
    <link:label xlink:type="resource" xlink:label="label_TemmarMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TemmarMember" xml:lang="en-US" id="label_TemmarMember">Temmar [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TemmarMember" xlink:to="label_TemmarMember" xlink:title="Label : TemmarMember to label_TemmarMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BasicEarningsLossPerShareFromDiscontinuedOperations" xlink:label="BasicEarningsLossPerShareFromDiscontinuedOperations" xlink:title="BasicEarningsLossPerShareFromDiscontinuedOperations" />
    <link:label xlink:type="resource" xlink:label="label_BasicEarningsLossPerShareFromDiscontinuedOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BasicEarningsLossPerShareFromDiscontinuedOperations" xml:lang="en-US" id="label_BasicEarningsLossPerShareFromDiscontinuedOperations">Basic earnings (loss) per share from discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BasicEarningsLossPerShareFromDiscontinuedOperations" xlink:to="label_BasicEarningsLossPerShareFromDiscontinuedOperations" xlink:title="Label : BasicEarningsLossPerShareFromDiscontinuedOperations to label_BasicEarningsLossPerShareFromDiscontinuedOperations" />
    <link:label xlink:type="resource" xlink:label="label_TemmarMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TemmarMember_1" xml:lang="en-US" id="label_TemmarMember_1">Temmar [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TemmarMember" xlink:to="label_TemmarMember_1" xlink:title="Label : TemmarMember to label_TemmarMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TemmarMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TemmarMember_2" xml:lang="en-US" id="label_TemmarMember_2">This member stands for the information pertaining to Temmar.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TemmarMember" xlink:to="label_TemmarMember_2" xlink:title="Label : TemmarMember to label_TemmarMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OxitenoUruguayMember" xlink:label="OxitenoUruguayMember" xlink:title="OxitenoUruguayMember" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoUruguayMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OxitenoUruguayMember" xml:lang="en-US" id="label_OxitenoUruguayMember">Oxiteno uruguay [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoUruguayMember" xlink:to="label_OxitenoUruguayMember" xlink:title="Label : OxitenoUruguayMember to label_OxitenoUruguayMember" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoUruguayMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OxitenoUruguayMember_1" xml:lang="en-US" id="label_OxitenoUruguayMember_1">Oxiteno Uruguay S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoUruguayMember" xlink:to="label_OxitenoUruguayMember_1" xlink:title="Label : OxitenoUruguayMember to label_OxitenoUruguayMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoUruguayMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OxitenoUruguayMember_2" xml:lang="en-US" id="label_OxitenoUruguayMember_2">This member stands for the information pertaining to Oxiteno Uruguay S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoUruguayMember" xlink:to="label_OxitenoUruguayMember_2" xlink:title="Label : OxitenoUruguayMember to label_OxitenoUruguayMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IconicCblsamemberMember" xlink:label="IconicCblsamemberMember" xlink:title="IconicCblsamemberMember" />
    <link:label xlink:type="resource" xlink:label="label_IconicCblsamemberMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IconicCblsamemberMember" xml:lang="en-US" id="label_IconicCblsamemberMember">This member stands for the information pertaining to Iconic (CBLSA).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IconicCblsamemberMember" xlink:to="label_IconicCblsamemberMember" xlink:title="Label : IconicCblsamemberMember to label_IconicCblsamemberMember" />
    <link:label xlink:type="resource" xlink:label="label_BasicEarningsLossPerShareFromDiscontinuedOperations_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_BasicEarningsLossPerShareFromDiscontinuedOperations_1" xml:lang="en-US" id="label_BasicEarningsLossPerShareFromDiscontinuedOperations_1">Basic earnings per share &#x2013; R$, Discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BasicEarningsLossPerShareFromDiscontinuedOperations" xlink:to="label_BasicEarningsLossPerShareFromDiscontinuedOperations_1" xlink:title="Label : BasicEarningsLossPerShareFromDiscontinuedOperations to label_BasicEarningsLossPerShareFromDiscontinuedOperations_1" />
    <link:label xlink:type="resource" xlink:label="label_IconicCblsamemberMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IconicCblsamemberMember_1" xml:lang="en-US" id="label_IconicCblsamemberMember_1">Iconic (CBLSA)[member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IconicCblsamemberMember" xlink:to="label_IconicCblsamemberMember_1" xlink:title="Label : IconicCblsamemberMember to label_IconicCblsamemberMember_1" />
    <link:label xlink:type="resource" xlink:label="label_IconicCblsamemberMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IconicCblsamemberMember_2" xml:lang="en-US" id="label_IconicCblsamemberMember_2">Iconic Cblsamember [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IconicCblsamemberMember" xlink:to="label_IconicCblsamemberMember_2" xlink:title="Label : IconicCblsamemberMember to label_IconicCblsamemberMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_EarningsLossPerShareFromDiscontinuedOperationsAbstract" xlink:label="EarningsLossPerShareFromDiscontinuedOperationsAbstract" xlink:title="EarningsLossPerShareFromDiscontinuedOperationsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_EarningsLossPerShareFromDiscontinuedOperationsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EarningsLossPerShareFromDiscontinuedOperationsAbstract" xml:lang="en-US" id="label_EarningsLossPerShareFromDiscontinuedOperationsAbstract">Earnings per share from discontinued operations (based on the weighted average number of shares outstanding) &#x2013; R$</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EarningsLossPerShareFromDiscontinuedOperationsAbstract" xlink:to="label_EarningsLossPerShareFromDiscontinuedOperationsAbstract" xlink:title="Label : EarningsLossPerShareFromDiscontinuedOperationsAbstract to label_EarningsLossPerShareFromDiscontinuedOperationsAbstract" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TexacoMember" xlink:label="TexacoMember" xlink:title="TexacoMember" />
    <link:label xlink:type="resource" xlink:label="label_TexacoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TexacoMember" xml:lang="en-US" id="label_TexacoMember">Texaco [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TexacoMember" xlink:to="label_TexacoMember" xlink:title="Label : TexacoMember to label_TexacoMember" />
    <link:label xlink:type="resource" xlink:label="label_TexacoMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TexacoMember_1" xml:lang="en-US" id="label_TexacoMember_1">Texaco [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TexacoMember" xlink:to="label_TexacoMember_1" xlink:title="Label : TexacoMember to label_TexacoMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TexacoMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TexacoMember_2" xml:lang="en-US" id="label_TexacoMember_2">This member stands for the information pertaining to Texaco.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TexacoMember" xlink:to="label_TexacoMember_2" xlink:title="Label : TexacoMember to label_TexacoMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DilutedEarningsLossPerShareFromContinuingOperations" xlink:label="DilutedEarningsLossPerShareFromContinuingOperations" xlink:title="DilutedEarningsLossPerShareFromContinuingOperations" />
    <link:label xlink:type="resource" xlink:label="label_DilutedEarningsLossPerShareFromContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DilutedEarningsLossPerShareFromContinuingOperations" xml:lang="en-US" id="label_DilutedEarningsLossPerShareFromContinuingOperations">Diluted earnings (loss) per share from continuing operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DilutedEarningsLossPerShareFromContinuingOperations" xlink:to="label_DilutedEarningsLossPerShareFromContinuingOperations" xlink:title="Label : DilutedEarningsLossPerShareFromContinuingOperations to label_DilutedEarningsLossPerShareFromContinuingOperations" />
    <link:label xlink:type="resource" xlink:label="label_DilutedEarningsLossPerShareFromContinuingOperations_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DilutedEarningsLossPerShareFromContinuingOperations_1" xml:lang="en-US" id="label_DilutedEarningsLossPerShareFromContinuingOperations_1">Diluted earnings per share &#x2013; R$, Continuing operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DilutedEarningsLossPerShareFromContinuingOperations" xlink:to="label_DilutedEarningsLossPerShareFromContinuingOperations_1" xlink:title="Label : DilutedEarningsLossPerShareFromContinuingOperations to label_DilutedEarningsLossPerShareFromContinuingOperations_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_UniaoTerminaisMember" xlink:label="UniaoTerminaisMember" xlink:title="UniaoTerminaisMember" />
    <link:label xlink:type="resource" xlink:label="label_UniaoTerminaisMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UniaoTerminaisMember" xml:lang="en-US" id="label_UniaoTerminaisMember">Uniao Terminais [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UniaoTerminaisMember" xlink:to="label_UniaoTerminaisMember" xlink:title="Label : UniaoTerminaisMember to label_UniaoTerminaisMember" />
    <link:label xlink:type="resource" xlink:label="label_UniaoTerminaisMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UniaoTerminaisMember_1" xml:lang="en-US" id="label_UniaoTerminaisMember_1">Uniao Terminais [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UniaoTerminaisMember" xlink:to="label_UniaoTerminaisMember_1" xlink:title="Label : UniaoTerminaisMember to label_UniaoTerminaisMember_1" />
    <link:label xlink:type="resource" xlink:label="label_UniaoTerminaisMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UniaoTerminaisMember_2" xml:lang="en-US" id="label_UniaoTerminaisMember_2">This member stands for the information pertaining to Uniao Terminais.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UniaoTerminaisMember" xlink:to="label_UniaoTerminaisMember_2" xlink:title="Label : UniaoTerminaisMember to label_UniaoTerminaisMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_GeneralAndAdministrativeAmortisation" xlink:label="GeneralAndAdministrativeAmortisation" xlink:title="GeneralAndAdministrativeAmortisation" />
    <link:label xlink:type="resource" xlink:label="label_GeneralAndAdministrativeAmortisation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GeneralAndAdministrativeAmortisation" xml:lang="en-US" id="label_GeneralAndAdministrativeAmortisation">The amount of amortisation expense recognized as General and administrative.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeneralAndAdministrativeAmortisation" xlink:to="label_GeneralAndAdministrativeAmortisation" xlink:title="Label : GeneralAndAdministrativeAmortisation to label_GeneralAndAdministrativeAmortisation" />
    <link:label xlink:type="resource" xlink:label="label_GeneralAndAdministrativeAmortisation_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GeneralAndAdministrativeAmortisation_1" xml:lang="en-US" id="label_GeneralAndAdministrativeAmortisation_1">General and administrative</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeneralAndAdministrativeAmortisation" xlink:to="label_GeneralAndAdministrativeAmortisation_1" xlink:title="Label : GeneralAndAdministrativeAmortisation to label_GeneralAndAdministrativeAmortisation_1" />
    <link:label xlink:type="resource" xlink:label="label_GeneralAndAdministrativeAmortisation_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GeneralAndAdministrativeAmortisation_2" xml:lang="en-US" id="label_GeneralAndAdministrativeAmortisation_2">General and administrative amortisation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeneralAndAdministrativeAmortisation" xlink:to="label_GeneralAndAdministrativeAmortisation_2" xlink:title="Label : GeneralAndAdministrativeAmortisation to label_GeneralAndAdministrativeAmortisation_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SellingAndMarketingAmortisation" xlink:label="SellingAndMarketingAmortisation" xlink:title="SellingAndMarketingAmortisation" />
    <link:label xlink:type="resource" xlink:label="label_SellingAndMarketingAmortisation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SellingAndMarketingAmortisation" xml:lang="en-US" id="label_SellingAndMarketingAmortisation">The amount of amortisation expense recognized as Selling and marketing.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingAndMarketingAmortisation" xlink:to="label_SellingAndMarketingAmortisation" xlink:title="Label : SellingAndMarketingAmortisation to label_SellingAndMarketingAmortisation" />
    <link:label xlink:type="resource" xlink:label="label_SellingAndMarketingAmortisation_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SellingAndMarketingAmortisation_1" xml:lang="en-US" id="label_SellingAndMarketingAmortisation_1">Selling and marketing</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingAndMarketingAmortisation" xlink:to="label_SellingAndMarketingAmortisation_1" xlink:title="Label : SellingAndMarketingAmortisation to label_SellingAndMarketingAmortisation_1" />
    <link:label xlink:type="resource" xlink:label="label_SellingAndMarketingAmortisation_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SellingAndMarketingAmortisation_2" xml:lang="en-US" id="label_SellingAndMarketingAmortisation_2">Selling and marketing amortisation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingAndMarketingAmortisation" xlink:to="label_SellingAndMarketingAmortisation_2" xlink:title="Label : SellingAndMarketingAmortisation to label_SellingAndMarketingAmortisation_2" />
    <link:label xlink:type="resource" xlink:label="label_InventoriesAndCostOfProductsAndServicesSoldAmortisation_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InventoriesAndCostOfProductsAndServicesSoldAmortisation_1" xml:lang="en-US" id="label_InventoriesAndCostOfProductsAndServicesSoldAmortisation_1">Inventories and cost of products and services sold</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoriesAndCostOfProductsAndServicesSoldAmortisation" xlink:to="label_InventoriesAndCostOfProductsAndServicesSoldAmortisation_1" xlink:title="Label : InventoriesAndCostOfProductsAndServicesSoldAmortisation to label_InventoriesAndCostOfProductsAndServicesSoldAmortisation_1" />
    <link:label xlink:type="resource" xlink:label="label_InventoriesAndCostOfProductsAndServicesSoldAmortisation_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InventoriesAndCostOfProductsAndServicesSoldAmortisation_2" xml:lang="en-US" id="label_InventoriesAndCostOfProductsAndServicesSoldAmortisation_2">Inventories and cost of products and services sold amortisation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoriesAndCostOfProductsAndServicesSoldAmortisation" xlink:to="label_InventoriesAndCostOfProductsAndServicesSoldAmortisation_2" xlink:title="Label : InventoriesAndCostOfProductsAndServicesSoldAmortisation to label_InventoriesAndCostOfProductsAndServicesSoldAmortisation_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RetirementsIntangibleAssetsAndGoodwill" xlink:label="RetirementsIntangibleAssetsAndGoodwill" xlink:title="RetirementsIntangibleAssetsAndGoodwill" />
    <link:label xlink:type="resource" xlink:label="label_RetirementsIntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_RetirementsIntangibleAssetsAndGoodwill" xml:lang="en-US" id="label_RetirementsIntangibleAssetsAndGoodwill">Asset retirement obligation &#x2013; fuel tanks</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetirementsIntangibleAssetsAndGoodwill" xlink:to="label_RetirementsIntangibleAssetsAndGoodwill" xlink:title="Label : RetirementsIntangibleAssetsAndGoodwill to label_RetirementsIntangibleAssetsAndGoodwill" />
    <link:label xlink:type="resource" xlink:label="label_RetirementsIntangibleAssetsAndGoodwill_1" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_RetirementsIntangibleAssetsAndGoodwill_1" xml:lang="en-US" id="label_RetirementsIntangibleAssetsAndGoodwill_1">Intangible assets, oxiteno andian</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetirementsIntangibleAssetsAndGoodwill" xlink:to="label_RetirementsIntangibleAssetsAndGoodwill_1" xlink:title="Label : RetirementsIntangibleAssetsAndGoodwill to label_RetirementsIntangibleAssetsAndGoodwill_1" />
    <link:label xlink:type="resource" xlink:label="label_RetirementsIntangibleAssetsAndGoodwill_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RetirementsIntangibleAssetsAndGoodwill_2" xml:lang="en-US" id="label_RetirementsIntangibleAssetsAndGoodwill_2">Retirements, intangible assets and goodwill</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetirementsIntangibleAssetsAndGoodwill" xlink:to="label_RetirementsIntangibleAssetsAndGoodwill_2" xlink:title="Label : RetirementsIntangibleAssetsAndGoodwill to label_RetirementsIntangibleAssetsAndGoodwill_2" />
    <link:label xlink:type="resource" xlink:label="label_RetirementsIntangibleAssetsAndGoodwill_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RetirementsIntangibleAssetsAndGoodwill_3" xml:lang="en-US" id="label_RetirementsIntangibleAssetsAndGoodwill_3">Intangible assets, oxiteno andian</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetirementsIntangibleAssetsAndGoodwill" xlink:to="label_RetirementsIntangibleAssetsAndGoodwill_3" xlink:title="Label : RetirementsIntangibleAssetsAndGoodwill to label_RetirementsIntangibleAssetsAndGoodwill_3" />
    <link:label xlink:type="resource" xlink:label="label_RetirementsIntangibleAssetsAndGoodwill_4" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_RetirementsIntangibleAssetsAndGoodwill_4" xml:lang="en-US" id="label_RetirementsIntangibleAssetsAndGoodwill_4">Asset retirement obligation &#x2013; fuel tanks</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetirementsIntangibleAssetsAndGoodwill" xlink:to="label_RetirementsIntangibleAssetsAndGoodwill_4" xlink:title="Label : RetirementsIntangibleAssetsAndGoodwill to label_RetirementsIntangibleAssetsAndGoodwill_4" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisposalsIntangibleAssetsAndGoodwill" xlink:label="DisposalsIntangibleAssetsAndGoodwill" xlink:title="DisposalsIntangibleAssetsAndGoodwill" />
    <link:label xlink:type="resource" xlink:label="label_DisposalsIntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisposalsIntangibleAssetsAndGoodwill" xml:lang="en-US" id="label_DisposalsIntangibleAssetsAndGoodwill">Disposals, intangible assets and goodwill</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalsIntangibleAssetsAndGoodwill" xlink:to="label_DisposalsIntangibleAssetsAndGoodwill" xlink:title="Label : DisposalsIntangibleAssetsAndGoodwill to label_DisposalsIntangibleAssetsAndGoodwill" />
    <link:label xlink:type="resource" xlink:label="label_DisposalsIntangibleAssetsAndGoodwill_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DisposalsIntangibleAssetsAndGoodwill_1" xml:lang="en-US" id="label_DisposalsIntangibleAssetsAndGoodwill_1">Intangible assets, write-offs and disposals</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalsIntangibleAssetsAndGoodwill" xlink:to="label_DisposalsIntangibleAssetsAndGoodwill_1" xlink:title="Label : DisposalsIntangibleAssetsAndGoodwill to label_DisposalsIntangibleAssetsAndGoodwill_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:label="AmortisationIntangibleAssetsOtherThanGoodwill" xlink:title="AmortisationIntangibleAssetsOtherThanGoodwill" />
    <link:label xlink:type="resource" xlink:label="label_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmortisationIntangibleAssetsOtherThanGoodwill" xml:lang="en-US" id="label_AmortisationIntangibleAssetsOtherThanGoodwill">Amortisation, intangible assets other than goodwill</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmortisationIntangibleAssetsOtherThanGoodwill" xlink:to="label_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:title="Label : AmortisationIntangibleAssetsOtherThanGoodwill to label_AmortisationIntangibleAssetsOtherThanGoodwill" />
    <link:label xlink:type="resource" xlink:label="label_AmortisationIntangibleAssetsOtherThanGoodwill_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AmortisationIntangibleAssetsOtherThanGoodwill_1" xml:lang="en-US" id="label_AmortisationIntangibleAssetsOtherThanGoodwill_1">Intangible assets, amortization</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmortisationIntangibleAssetsOtherThanGoodwill" xlink:to="label_AmortisationIntangibleAssetsOtherThanGoodwill_1" xlink:title="Label : AmortisationIntangibleAssetsOtherThanGoodwill to label_AmortisationIntangibleAssetsOtherThanGoodwill_1" />
    <link:label xlink:type="resource" xlink:label="label_AmortisationIntangibleAssetsOtherThanGoodwill_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_AmortisationIntangibleAssetsOtherThanGoodwill_2" xml:lang="en-US" id="label_AmortisationIntangibleAssetsOtherThanGoodwill_2">Amortization expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmortisationIntangibleAssetsOtherThanGoodwill" xlink:to="label_AmortisationIntangibleAssetsOtherThanGoodwill_2" xlink:title="Label : AmortisationIntangibleAssetsOtherThanGoodwill to label_AmortisationIntangibleAssetsOtherThanGoodwill_2" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfIntangibleAssetsLineItems_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfIntangibleAssetsLineItems_1" xml:lang="en-US" id="label_DisclosureOfIntangibleAssetsLineItems_1">Disclosure of detailed information about intangible assets [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfIntangibleAssetsLineItems" xlink:to="label_DisclosureOfIntangibleAssetsLineItems_1" xlink:title="Label : DisclosureOfIntangibleAssetsLineItems to label_DisclosureOfIntangibleAssetsLineItems_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DecarbonizationCreditsMember" xlink:label="DecarbonizationCreditsMember" xlink:title="DecarbonizationCreditsMember" />
    <link:label xlink:type="resource" xlink:label="label_DecarbonizationCreditsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DecarbonizationCreditsMember" xml:lang="en-US" id="label_DecarbonizationCreditsMember">Decarbonization Credits [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecarbonizationCreditsMember" xlink:to="label_DecarbonizationCreditsMember" xlink:title="Label : DecarbonizationCreditsMember to label_DecarbonizationCreditsMember" />
    <link:label xlink:type="resource" xlink:label="label_DecarbonizationCreditsMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DecarbonizationCreditsMember_1" xml:lang="en-US" id="label_DecarbonizationCreditsMember_1">This member stands for information pertaining to decarbonization credits.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecarbonizationCreditsMember" xlink:to="label_DecarbonizationCreditsMember_1" xlink:title="Label : DecarbonizationCreditsMember to label_DecarbonizationCreditsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DecarbonizationCreditsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DecarbonizationCreditsMember_2" xml:lang="en-US" id="label_DecarbonizationCreditsMember_2">Decarbonization credits (CBIO) [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecarbonizationCreditsMember" xlink:to="label_DecarbonizationCreditsMember_2" xlink:title="Label : DecarbonizationCreditsMember to label_DecarbonizationCreditsMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherIntangibleAssetsMember" xlink:label="OtherIntangibleAssetsMember" xlink:title="OtherIntangibleAssetsMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherIntangibleAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherIntangibleAssetsMember" xml:lang="en-US" id="label_OtherIntangibleAssetsMember">Others [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherIntangibleAssetsMember" xlink:to="label_OtherIntangibleAssetsMember" xlink:title="Label : OtherIntangibleAssetsMember to label_OtherIntangibleAssetsMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherIntangibleAssetsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherIntangibleAssetsMember_1" xml:lang="en-US" id="label_OtherIntangibleAssetsMember_1">Other intangible assets [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherIntangibleAssetsMember" xlink:to="label_OtherIntangibleAssetsMember_1" xlink:title="Label : OtherIntangibleAssetsMember to label_OtherIntangibleAssetsMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TrademarkRightsMember" xlink:label="TrademarkRightsMember" xlink:title="TrademarkRightsMember" />
    <link:label xlink:type="resource" xlink:label="label_TrademarkRightsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TrademarkRightsMember" xml:lang="en-US" id="label_TrademarkRightsMember">Trademark rights [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TrademarkRightsMember" xlink:to="label_TrademarkRightsMember" xlink:title="Label : TrademarkRightsMember to label_TrademarkRightsMember" />
    <link:label xlink:type="resource" xlink:label="label_TrademarkRightsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TrademarkRightsMember_1" xml:lang="en-US" id="label_TrademarkRightsMember_1">Trademark rights [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TrademarkRightsMember" xlink:to="label_TrademarkRightsMember_1" xlink:title="Label : TrademarkRightsMember to label_TrademarkRightsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TrademarkRightsMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TrademarkRightsMember_2" xml:lang="en-US" id="label_TrademarkRightsMember_2">This member stands for the information pertaining to trademark rights.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TrademarkRightsMember" xlink:to="label_TrademarkRightsMember_2" xlink:title="Label : TrademarkRightsMember to label_TrademarkRightsMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BrandNamesMember" xlink:label="BrandNamesMember" xlink:title="BrandNamesMember" />
    <link:label xlink:type="resource" xlink:label="label_BrandNamesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BrandNamesMember" xml:lang="en-US" id="label_BrandNamesMember">Brand names [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BrandNamesMember" xlink:to="label_BrandNamesMember" xlink:title="Label : BrandNamesMember to label_BrandNamesMember" />
    <link:label xlink:type="resource" xlink:label="label_BrandNamesMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BrandNamesMember_1" xml:lang="en-US" id="label_BrandNamesMember_1">Brands [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BrandNamesMember" xlink:to="label_BrandNamesMember_1" xlink:title="Label : BrandNamesMember to label_BrandNamesMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DistributionRightsAssetMember" xlink:label="DistributionRightsAssetMember" xlink:title="DistributionRightsAssetMember" />
    <link:label xlink:type="resource" xlink:label="label_DistributionRightsAssetMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DistributionRightsAssetMember" xml:lang="en-US" id="label_DistributionRightsAssetMember">Distribution rights asset [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DistributionRightsAssetMember" xlink:to="label_DistributionRightsAssetMember" xlink:title="Label : DistributionRightsAssetMember to label_DistributionRightsAssetMember" />
    <link:label xlink:type="resource" xlink:label="label_DistributionRightsAssetMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DistributionRightsAssetMember_1" xml:lang="en-US" id="label_DistributionRightsAssetMember_1">Distribution rights asset [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DistributionRightsAssetMember" xlink:to="label_DistributionRightsAssetMember_1" xlink:title="Label : DistributionRightsAssetMember to label_DistributionRightsAssetMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DistributionRightsAssetMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DistributionRightsAssetMember_2" xml:lang="en-US" id="label_DistributionRightsAssetMember_2">This member stands for the information pertaining to distribution rights asset.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DistributionRightsAssetMember" xlink:to="label_DistributionRightsAssetMember_2" xlink:title="Label : DistributionRightsAssetMember to label_DistributionRightsAssetMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CommercialPropertyRightsMember" xlink:label="CommercialPropertyRightsMember" xlink:title="CommercialPropertyRightsMember" />
    <link:label xlink:type="resource" xlink:label="label_CommercialPropertyRightsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommercialPropertyRightsMember" xml:lang="en-US" id="label_CommercialPropertyRightsMember">Commercial property rights [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommercialPropertyRightsMember" xlink:to="label_CommercialPropertyRightsMember" xlink:title="Label : CommercialPropertyRightsMember to label_CommercialPropertyRightsMember" />
    <link:label xlink:type="resource" xlink:label="label_CommercialPropertyRightsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CommercialPropertyRightsMember_1" xml:lang="en-US" id="label_CommercialPropertyRightsMember_1">Commercial property rights [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommercialPropertyRightsMember" xlink:to="label_CommercialPropertyRightsMember_1" xlink:title="Label : CommercialPropertyRightsMember to label_CommercialPropertyRightsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_CommercialPropertyRightsMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CommercialPropertyRightsMember_2" xml:lang="en-US" id="label_CommercialPropertyRightsMember_2">This member stands for the information pertaining to commercial property rights.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommercialPropertyRightsMember" xlink:to="label_CommercialPropertyRightsMember_2" xlink:title="Label : CommercialPropertyRightsMember to label_CommercialPropertyRightsMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TechnologybasedIntangibleAssetsMember" xlink:label="TechnologybasedIntangibleAssetsMember" xlink:title="TechnologybasedIntangibleAssetsMember" />
    <link:label xlink:type="resource" xlink:label="label_TechnologybasedIntangibleAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TechnologybasedIntangibleAssetsMember" xml:lang="en-US" id="label_TechnologybasedIntangibleAssetsMember">Technology-based intangible assets [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TechnologybasedIntangibleAssetsMember" xlink:to="label_TechnologybasedIntangibleAssetsMember" xlink:title="Label : TechnologybasedIntangibleAssetsMember to label_TechnologybasedIntangibleAssetsMember" />
    <link:label xlink:type="resource" xlink:label="label_TechnologybasedIntangibleAssetsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TechnologybasedIntangibleAssetsMember_1" xml:lang="en-US" id="label_TechnologybasedIntangibleAssetsMember_1">Technology [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TechnologybasedIntangibleAssetsMember" xlink:to="label_TechnologybasedIntangibleAssetsMember_1" xlink:title="Label : TechnologybasedIntangibleAssetsMember to label_TechnologybasedIntangibleAssetsMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ComputerSoftwareMember" xlink:label="ComputerSoftwareMember" xlink:title="ComputerSoftwareMember" />
    <link:label xlink:type="resource" xlink:label="label_ComputerSoftwareMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ComputerSoftwareMember" xml:lang="en-US" id="label_ComputerSoftwareMember">Computer software [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComputerSoftwareMember" xlink:to="label_ComputerSoftwareMember" xlink:title="Label : ComputerSoftwareMember to label_ComputerSoftwareMember" />
    <link:label xlink:type="resource" xlink:label="label_ComputerSoftwareMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ComputerSoftwareMember_1" xml:lang="en-US" id="label_ComputerSoftwareMember_1">Software [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComputerSoftwareMember" xlink:to="label_ComputerSoftwareMember_1" xlink:title="Label : ComputerSoftwareMember to label_ComputerSoftwareMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_GoodwillMember" xlink:label="GoodwillMember" xlink:title="GoodwillMember" />
    <link:label xlink:type="resource" xlink:label="label_GoodwillMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_GoodwillMember" xml:lang="en-US" id="label_GoodwillMember">Goodwill</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GoodwillMember" xlink:to="label_GoodwillMember" xlink:title="Label : GoodwillMember to label_GoodwillMember" />
    <link:label xlink:type="resource" xlink:label="label_GoodwillMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GoodwillMember_1" xml:lang="en-US" id="label_GoodwillMember_1">Goodwill [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GoodwillMember" xlink:to="label_GoodwillMember_1" xlink:title="Label : GoodwillMember to label_GoodwillMember_1" />
    <link:label xlink:type="resource" xlink:label="label_GoodwillMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GoodwillMember_2" xml:lang="en-US" id="label_GoodwillMember_2">Goodwill [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GoodwillMember" xlink:to="label_GoodwillMember_2" xlink:title="Label : GoodwillMember to label_GoodwillMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncreasedecreaseDueToApplicationOfIfrs16Member" xlink:label="IncreasedecreaseDueToApplicationOfIfrs16Member" xlink:title="IncreasedecreaseDueToApplicationOfIfrs16Member" />
    <link:label xlink:type="resource" xlink:label="label_IncreasedecreaseDueToApplicationOfIfrs16Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreasedecreaseDueToApplicationOfIfrs16Member" xml:lang="en-US" id="label_IncreasedecreaseDueToApplicationOfIfrs16Member">Increasedecrease Due to Application of Ifrs 16 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreasedecreaseDueToApplicationOfIfrs16Member" xlink:to="label_IncreasedecreaseDueToApplicationOfIfrs16Member" xlink:title="Label : IncreasedecreaseDueToApplicationOfIfrs16Member to label_IncreasedecreaseDueToApplicationOfIfrs16Member" />
    <link:label xlink:type="resource" xlink:label="label_IncreasedecreaseDueToApplicationOfIfrs16Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreasedecreaseDueToApplicationOfIfrs16Member_1" xml:lang="en-US" id="label_IncreasedecreaseDueToApplicationOfIfrs16Member_1">Increase (decrease) due to application of IFRS 16 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreasedecreaseDueToApplicationOfIfrs16Member" xlink:to="label_IncreasedecreaseDueToApplicationOfIfrs16Member_1" xlink:title="Label : IncreasedecreaseDueToApplicationOfIfrs16Member to label_IncreasedecreaseDueToApplicationOfIfrs16Member_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreasedecreaseDueToApplicationOfIfrs16Member_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreasedecreaseDueToApplicationOfIfrs16Member_2" xml:lang="en-US" id="label_IncreasedecreaseDueToApplicationOfIfrs16Member_2">Increase (decrease) due to application of IFRS 16 member.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreasedecreaseDueToApplicationOfIfrs16Member" xlink:to="label_IncreasedecreaseDueToApplicationOfIfrs16Member_2" xlink:title="Label : IncreasedecreaseDueToApplicationOfIfrs16Member to label_IncreasedecreaseDueToApplicationOfIfrs16Member_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfIntangibleAssetsTable" xlink:label="DisclosureOfIntangibleAssetsTable" xlink:title="DisclosureOfIntangibleAssetsTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfIntangibleAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfIntangibleAssetsTable" xml:lang="en-US" id="label_DisclosureOfIntangibleAssetsTable">Disclosure of detailed information about intangible assets [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfIntangibleAssetsTable" xlink:to="label_DisclosureOfIntangibleAssetsTable" xlink:title="Label : DisclosureOfIntangibleAssetsTable to label_DisclosureOfIntangibleAssetsTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfIntangibleAssetsTable_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfIntangibleAssetsTable_1" xml:lang="en-US" id="label_DisclosureOfIntangibleAssetsTable_1">Disclosure of detailed information about intangible assets [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfIntangibleAssetsTable" xlink:to="label_DisclosureOfIntangibleAssetsTable_1" xlink:title="Label : DisclosureOfIntangibleAssetsTable to label_DisclosureOfIntangibleAssetsTable_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_GeneralAndAdministrativeExpensesMember" xlink:label="GeneralAndAdministrativeExpensesMember" xlink:title="GeneralAndAdministrativeExpensesMember" />
    <link:label xlink:type="resource" xlink:label="label_GeneralAndAdministrativeExpensesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GeneralAndAdministrativeExpensesMember" xml:lang="en-US" id="label_GeneralAndAdministrativeExpensesMember">General and administrative expenses [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeneralAndAdministrativeExpensesMember" xlink:to="label_GeneralAndAdministrativeExpensesMember" xlink:title="Label : GeneralAndAdministrativeExpensesMember to label_GeneralAndAdministrativeExpensesMember" />
    <link:label xlink:type="resource" xlink:label="label_GeneralAndAdministrativeExpensesMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GeneralAndAdministrativeExpensesMember_1" xml:lang="en-US" id="label_GeneralAndAdministrativeExpensesMember_1">General And Administrative Expenses [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeneralAndAdministrativeExpensesMember" xlink:to="label_GeneralAndAdministrativeExpensesMember_1" xlink:title="Label : GeneralAndAdministrativeExpensesMember to label_GeneralAndAdministrativeExpensesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_GeneralAndAdministrativeExpensesMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GeneralAndAdministrativeExpensesMember_2" xml:lang="en-US" id="label_GeneralAndAdministrativeExpensesMember_2">This member stands for the information pertaining to general and administrative expenses.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeneralAndAdministrativeExpensesMember" xlink:to="label_GeneralAndAdministrativeExpensesMember_2" xlink:title="Label : GeneralAndAdministrativeExpensesMember to label_GeneralAndAdministrativeExpensesMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SellingAndMarketingExpensesMember" xlink:label="SellingAndMarketingExpensesMember" xlink:title="SellingAndMarketingExpensesMember" />
    <link:label xlink:type="resource" xlink:label="label_SellingAndMarketingExpensesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SellingAndMarketingExpensesMember" xml:lang="en-US" id="label_SellingAndMarketingExpensesMember">This member stands for the information pertaining to selling and marketing expenses.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingAndMarketingExpensesMember" xlink:to="label_SellingAndMarketingExpensesMember" xlink:title="Label : SellingAndMarketingExpensesMember to label_SellingAndMarketingExpensesMember" />
    <link:label xlink:type="resource" xlink:label="label_SellingAndMarketingExpensesMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SellingAndMarketingExpensesMember_1" xml:lang="en-US" id="label_SellingAndMarketingExpensesMember_1">Selling And Marketing Expenses [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingAndMarketingExpensesMember" xlink:to="label_SellingAndMarketingExpensesMember_1" xlink:title="Label : SellingAndMarketingExpensesMember to label_SellingAndMarketingExpensesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_SellingAndMarketingExpensesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SellingAndMarketingExpensesMember_2" xml:lang="en-US" id="label_SellingAndMarketingExpensesMember_2">Selling and marketing expenses [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingAndMarketingExpensesMember" xlink:to="label_SellingAndMarketingExpensesMember_2" xlink:title="Label : SellingAndMarketingExpensesMember to label_SellingAndMarketingExpensesMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CostOfProductsAndServicesSoldMember" xlink:label="CostOfProductsAndServicesSoldMember" xlink:title="CostOfProductsAndServicesSoldMember" />
    <link:label xlink:type="resource" xlink:label="label_CostOfProductsAndServicesSoldMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CostOfProductsAndServicesSoldMember" xml:lang="en-US" id="label_CostOfProductsAndServicesSoldMember">This member stands for the information pertaining to cost of products and services sold.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfProductsAndServicesSoldMember" xlink:to="label_CostOfProductsAndServicesSoldMember" xlink:title="Label : CostOfProductsAndServicesSoldMember to label_CostOfProductsAndServicesSoldMember" />
    <link:label xlink:type="resource" xlink:label="label_CostOfProductsAndServicesSoldMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CostOfProductsAndServicesSoldMember_1" xml:lang="en-US" id="label_CostOfProductsAndServicesSoldMember_1">Cost of Products and Services Sold [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfProductsAndServicesSoldMember" xlink:to="label_CostOfProductsAndServicesSoldMember_1" xlink:title="Label : CostOfProductsAndServicesSoldMember to label_CostOfProductsAndServicesSoldMember_1" />
    <link:label xlink:type="resource" xlink:label="label_CostOfProductsAndServicesSoldMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CostOfProductsAndServicesSoldMember_2" xml:lang="en-US" id="label_CostOfProductsAndServicesSoldMember_2">Cost of products sold [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfProductsAndServicesSoldMember" xlink:to="label_CostOfProductsAndServicesSoldMember_2" xlink:title="Label : CostOfProductsAndServicesSoldMember to label_CostOfProductsAndServicesSoldMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncomeStatementLocationOneDomain" xlink:label="IncomeStatementLocationOneDomain" xlink:title="IncomeStatementLocationOneDomain" />
    <link:label xlink:type="resource" xlink:label="label_IncomeStatementLocationOneDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncomeStatementLocationOneDomain" xml:lang="en-US" id="label_IncomeStatementLocationOneDomain">Income Statement Location One [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeStatementLocationOneDomain" xlink:to="label_IncomeStatementLocationOneDomain" xlink:title="Label : IncomeStatementLocationOneDomain to label_IncomeStatementLocationOneDomain" />
    <link:label xlink:type="resource" xlink:label="label_IncomeStatementLocationOneDomain_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeStatementLocationOneDomain_1" xml:lang="en-US" id="label_IncomeStatementLocationOneDomain_1">Income Statement Location One [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeStatementLocationOneDomain" xlink:to="label_IncomeStatementLocationOneDomain_1" xlink:title="Label : IncomeStatementLocationOneDomain to label_IncomeStatementLocationOneDomain_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncomeStatementLocationOneAxis" xlink:label="IncomeStatementLocationOneAxis" xlink:title="IncomeStatementLocationOneAxis" />
    <link:label xlink:type="resource" xlink:label="label_IncomeStatementLocationOneAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncomeStatementLocationOneAxis" xml:lang="en-US" id="label_IncomeStatementLocationOneAxis">Income Statement Location One [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeStatementLocationOneAxis" xlink:to="label_IncomeStatementLocationOneAxis" xlink:title="Label : IncomeStatementLocationOneAxis to label_IncomeStatementLocationOneAxis" />
    <link:label xlink:type="resource" xlink:label="label_IncomeStatementLocationOneAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeStatementLocationOneAxis_1" xml:lang="en-US" id="label_IncomeStatementLocationOneAxis_1">Income Statement Location One [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeStatementLocationOneAxis" xlink:to="label_IncomeStatementLocationOneAxis_1" xlink:title="Label : IncomeStatementLocationOneAxis to label_IncomeStatementLocationOneAxis_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RetirementsPropertyPlantAndEquipment" xlink:label="RetirementsPropertyPlantAndEquipment" xlink:title="RetirementsPropertyPlantAndEquipment" />
    <link:label xlink:type="resource" xlink:label="label_RetirementsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_RetirementsPropertyPlantAndEquipment" xml:lang="en-US" id="label_RetirementsPropertyPlantAndEquipment">Property, plant, and equipment, Oxiteno andian</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetirementsPropertyPlantAndEquipment" xlink:to="label_RetirementsPropertyPlantAndEquipment" xlink:title="Label : RetirementsPropertyPlantAndEquipment to label_RetirementsPropertyPlantAndEquipment" />
    <link:label xlink:type="resource" xlink:label="label_RetirementsPropertyPlantAndEquipment_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RetirementsPropertyPlantAndEquipment_1" xml:lang="en-US" id="label_RetirementsPropertyPlantAndEquipment_1">Retirements, property, plant and equipment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetirementsPropertyPlantAndEquipment" xlink:to="label_RetirementsPropertyPlantAndEquipment_1" xlink:title="Label : RetirementsPropertyPlantAndEquipment to label_RetirementsPropertyPlantAndEquipment_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:label="DisposalsPropertyPlantAndEquipment" xlink:title="DisposalsPropertyPlantAndEquipment" />
    <link:label xlink:type="resource" xlink:label="label_DisposalsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DisposalsPropertyPlantAndEquipment" xml:lang="en-US" id="label_DisposalsPropertyPlantAndEquipment">Property, plant, and equipment, write-offs and disposals</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalsPropertyPlantAndEquipment" xlink:to="label_DisposalsPropertyPlantAndEquipment" xlink:title="Label : DisposalsPropertyPlantAndEquipment to label_DisposalsPropertyPlantAndEquipment" />
    <link:label xlink:type="resource" xlink:label="label_DisposalsPropertyPlantAndEquipment_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisposalsPropertyPlantAndEquipment_1" xml:lang="en-US" id="label_DisposalsPropertyPlantAndEquipment_1">Disposals, property, plant and equipment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalsPropertyPlantAndEquipment" xlink:to="label_DisposalsPropertyPlantAndEquipment_1" xlink:title="Label : DisposalsPropertyPlantAndEquipment to label_DisposalsPropertyPlantAndEquipment_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:label="DepreciationPropertyPlantAndEquipment" xlink:title="DepreciationPropertyPlantAndEquipment" />
    <link:label xlink:type="resource" xlink:label="label_DepreciationPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DepreciationPropertyPlantAndEquipment" xml:lang="en-US" id="label_DepreciationPropertyPlantAndEquipment">Depreciation expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationPropertyPlantAndEquipment" xlink:to="label_DepreciationPropertyPlantAndEquipment" xlink:title="Label : DepreciationPropertyPlantAndEquipment to label_DepreciationPropertyPlantAndEquipment" />
    <link:label xlink:type="resource" xlink:label="label_DepreciationPropertyPlantAndEquipment_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DepreciationPropertyPlantAndEquipment_1" xml:lang="en-US" id="label_DepreciationPropertyPlantAndEquipment_1">Property, plant, and equipment, depreciation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationPropertyPlantAndEquipment" xlink:to="label_DepreciationPropertyPlantAndEquipment_1" xlink:title="Label : DepreciationPropertyPlantAndEquipment to label_DepreciationPropertyPlantAndEquipment_1" />
    <link:label xlink:type="resource" xlink:label="label_DepreciationPropertyPlantAndEquipment_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DepreciationPropertyPlantAndEquipment_2" xml:lang="en-US" id="label_DepreciationPropertyPlantAndEquipment_2">Depreciation, property, plant and equipment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationPropertyPlantAndEquipment" xlink:to="label_DepreciationPropertyPlantAndEquipment_2" xlink:title="Label : DepreciationPropertyPlantAndEquipment to label_DepreciationPropertyPlantAndEquipment_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:label="IntangibleAssetsOtherThanGoodwillMember" xlink:title="IntangibleAssetsOtherThanGoodwillMember" />
    <link:label xlink:type="resource" xlink:label="label_IntangibleAssetsOtherThanGoodwillMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_IntangibleAssetsOtherThanGoodwillMember" xml:lang="en-US" id="label_IntangibleAssetsOtherThanGoodwillMember">Intangibles assets arising from business combination</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsOtherThanGoodwillMember" xlink:to="label_IntangibleAssetsOtherThanGoodwillMember" xlink:title="Label : IntangibleAssetsOtherThanGoodwillMember to label_IntangibleAssetsOtherThanGoodwillMember" />
    <link:label xlink:type="resource" xlink:label="label_IntangibleAssetsOtherThanGoodwillMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IntangibleAssetsOtherThanGoodwillMember_1" xml:lang="en-US" id="label_IntangibleAssetsOtherThanGoodwillMember_1">Intangible assets other than goodwill [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsOtherThanGoodwillMember" xlink:to="label_IntangibleAssetsOtherThanGoodwillMember_1" xlink:title="Label : IntangibleAssetsOtherThanGoodwillMember to label_IntangibleAssetsOtherThanGoodwillMember_1" />
    <link:label xlink:type="resource" xlink:label="label_IntangibleAssetsOtherThanGoodwillMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IntangibleAssetsOtherThanGoodwillMember_2" xml:lang="en-US" id="label_IntangibleAssetsOtherThanGoodwillMember_2">Intangible assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsOtherThanGoodwillMember" xlink:to="label_IntangibleAssetsOtherThanGoodwillMember_2" xlink:title="Label : IntangibleAssetsOtherThanGoodwillMember to label_IntangibleAssetsOtherThanGoodwillMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfIntangibleAssetsAndGoodwillDomain" xlink:label="ClassesOfIntangibleAssetsAndGoodwillDomain" xlink:title="ClassesOfIntangibleAssetsAndGoodwillDomain" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfIntangibleAssetsAndGoodwillDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfIntangibleAssetsAndGoodwillDomain" xml:lang="en-US" id="label_ClassesOfIntangibleAssetsAndGoodwillDomain">Classes of intangible assets and goodwill [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfIntangibleAssetsAndGoodwillDomain" xlink:to="label_ClassesOfIntangibleAssetsAndGoodwillDomain" xlink:title="Label : ClassesOfIntangibleAssetsAndGoodwillDomain to label_ClassesOfIntangibleAssetsAndGoodwillDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:label="ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:title="ClassesOfIntangibleAssetsAndGoodwillAxis" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ClassesOfIntangibleAssetsAndGoodwillAxis" xml:lang="en-US" id="label_ClassesOfIntangibleAssetsAndGoodwillAxis">Classes of intangible assets and goodwill [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:to="label_ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:title="Label : ClassesOfIntangibleAssetsAndGoodwillAxis to label_ClassesOfIntangibleAssetsAndGoodwillAxis" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfIntangibleAssetsAndGoodwillAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfIntangibleAssetsAndGoodwillAxis_1" xml:lang="en-US" id="label_ClassesOfIntangibleAssetsAndGoodwillAxis_1">Classes of intangible assets and goodwill [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:to="label_ClassesOfIntangibleAssetsAndGoodwillAxis_1" xlink:title="Label : ClassesOfIntangibleAssetsAndGoodwillAxis to label_ClassesOfIntangibleAssetsAndGoodwillAxis_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_PreviouslyStatedMember" xlink:label="PreviouslyStatedMember" xlink:title="PreviouslyStatedMember" />
    <link:label xlink:type="resource" xlink:label="label_PreviouslyStatedMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PreviouslyStatedMember" xml:lang="en-US" id="label_PreviouslyStatedMember">Disclosed</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreviouslyStatedMember" xlink:to="label_PreviouslyStatedMember" xlink:title="Label : PreviouslyStatedMember to label_PreviouslyStatedMember" />
    <link:label xlink:type="resource" xlink:label="label_PreviouslyStatedMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreviouslyStatedMember_1" xml:lang="en-US" id="label_PreviouslyStatedMember_1">Previously stated [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreviouslyStatedMember" xlink:to="label_PreviouslyStatedMember_1" xlink:title="Label : PreviouslyStatedMember to label_PreviouslyStatedMember_1" />
    <link:label xlink:type="resource" xlink:label="label_PreviouslyStatedMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreviouslyStatedMember_2" xml:lang="en-US" id="label_PreviouslyStatedMember_2">Previously stated [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreviouslyStatedMember" xlink:to="label_PreviouslyStatedMember_2" xlink:title="Label : PreviouslyStatedMember to label_PreviouslyStatedMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PropertyPlantAndEquipmentGroupOneMember" xlink:label="PropertyPlantAndEquipmentGroupOneMember" xlink:title="PropertyPlantAndEquipmentGroupOneMember" />
    <link:label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipmentGroupOneMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentGroupOneMember" xml:lang="en-US" id="label_PropertyPlantAndEquipmentGroupOneMember">Works in progress, Advances to Suppliers and Imports in progress [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentGroupOneMember" xlink:to="label_PropertyPlantAndEquipmentGroupOneMember" xlink:title="Label : PropertyPlantAndEquipmentGroupOneMember to label_PropertyPlantAndEquipmentGroupOneMember" />
    <link:label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipmentGroupOneMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentGroupOneMember_1" xml:lang="en-US" id="label_PropertyPlantAndEquipmentGroupOneMember_1">Property Plant And Equipment Group One [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentGroupOneMember" xlink:to="label_PropertyPlantAndEquipmentGroupOneMember_1" xlink:title="Label : PropertyPlantAndEquipmentGroupOneMember to label_PropertyPlantAndEquipmentGroupOneMember_1" />
    <link:label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipmentGroupOneMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PropertyPlantAndEquipmentGroupOneMember_2" xml:lang="en-US" id="label_PropertyPlantAndEquipmentGroupOneMember_2">Represents information pertaining to group of of property, plant and equipment.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentGroupOneMember" xlink:to="label_PropertyPlantAndEquipmentGroupOneMember_2" xlink:title="Label : PropertyPlantAndEquipmentGroupOneMember to label_PropertyPlantAndEquipmentGroupOneMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ImportsInProgressMember" xlink:label="ImportsInProgressMember" xlink:title="ImportsInProgressMember" />
    <link:label xlink:type="resource" xlink:label="label_ImportsInProgressMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ImportsInProgressMember" xml:lang="en-US" id="label_ImportsInProgressMember">Imports in progress [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImportsInProgressMember" xlink:to="label_ImportsInProgressMember" xlink:title="Label : ImportsInProgressMember to label_ImportsInProgressMember" />
    <link:label xlink:type="resource" xlink:label="label_ImportsInProgressMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ImportsInProgressMember_1" xml:lang="en-US" id="label_ImportsInProgressMember_1">Imports in progress [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImportsInProgressMember" xlink:to="label_ImportsInProgressMember_1" xlink:title="Label : ImportsInProgressMember to label_ImportsInProgressMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ImportsInProgressMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ImportsInProgressMember_2" xml:lang="en-US" id="label_ImportsInProgressMember_2">This member stands for the information pertaining to imports in progress.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImportsInProgressMember" xlink:to="label_ImportsInProgressMember_2" xlink:title="Label : ImportsInProgressMember to label_ImportsInProgressMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdvancesToSuppliersMember" xlink:label="AdvancesToSuppliersMember" xlink:title="AdvancesToSuppliersMember" />
    <link:label xlink:type="resource" xlink:label="label_AdvancesToSuppliersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdvancesToSuppliersMember" xml:lang="en-US" id="label_AdvancesToSuppliersMember">Advances to suppliers [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdvancesToSuppliersMember" xlink:to="label_AdvancesToSuppliersMember" xlink:title="Label : AdvancesToSuppliersMember to label_AdvancesToSuppliersMember" />
    <link:label xlink:type="resource" xlink:label="label_AdvancesToSuppliersMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdvancesToSuppliersMember_1" xml:lang="en-US" id="label_AdvancesToSuppliersMember_1">Advances to suppliers [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdvancesToSuppliersMember" xlink:to="label_AdvancesToSuppliersMember_1" xlink:title="Label : AdvancesToSuppliersMember to label_AdvancesToSuppliersMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AdvancesToSuppliersMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdvancesToSuppliersMember_2" xml:lang="en-US" id="label_AdvancesToSuppliersMember_2">This member stands for the information pertaining to advances to suppliers.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdvancesToSuppliersMember" xlink:to="label_AdvancesToSuppliersMember_2" xlink:title="Label : AdvancesToSuppliersMember to label_AdvancesToSuppliersMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ConstructionInProgressMember" xlink:label="ConstructionInProgressMember" xlink:title="ConstructionInProgressMember" />
    <link:label xlink:type="resource" xlink:label="label_ConstructionInProgressMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConstructionInProgressMember" xml:lang="en-US" id="label_ConstructionInProgressMember">Construction in progress [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConstructionInProgressMember" xlink:to="label_ConstructionInProgressMember" xlink:title="Label : ConstructionInProgressMember to label_ConstructionInProgressMember" />
    <link:label xlink:type="resource" xlink:label="label_ConstructionInProgressMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConstructionInProgressMember_1" xml:lang="en-US" id="label_ConstructionInProgressMember_1">Construction in progress [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConstructionInProgressMember" xlink:to="label_ConstructionInProgressMember_1" xlink:title="Label : ConstructionInProgressMember to label_ConstructionInProgressMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ITEquipmentMember" xlink:label="ITEquipmentMember" xlink:title="ITEquipmentMember" />
    <link:label xlink:type="resource" xlink:label="label_ITEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ITEquipmentMember" xml:lang="en-US" id="label_ITEquipmentMember">I T Equipment [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ITEquipmentMember" xlink:to="label_ITEquipmentMember" xlink:title="Label : ITEquipmentMember to label_ITEquipmentMember" />
    <link:label xlink:type="resource" xlink:label="label_ITEquipmentMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ITEquipmentMember_1" xml:lang="en-US" id="label_ITEquipmentMember_1">IT equipment [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ITEquipmentMember" xlink:to="label_ITEquipmentMember_1" xlink:title="Label : ITEquipmentMember to label_ITEquipmentMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ITEquipmentMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ITEquipmentMember_2" xml:lang="en-US" id="label_ITEquipmentMember_2">This member stands for the information pertaining to IT equipment.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ITEquipmentMember" xlink:to="label_ITEquipmentMember_2" xlink:title="Label : ITEquipmentMember to label_ITEquipmentMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FixturesAndFittingsMember" xlink:label="FixturesAndFittingsMember" xlink:title="FixturesAndFittingsMember" />
    <link:label xlink:type="resource" xlink:label="label_FixturesAndFittingsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FixturesAndFittingsMember" xml:lang="en-US" id="label_FixturesAndFittingsMember">Fixtures and fittings [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixturesAndFittingsMember" xlink:to="label_FixturesAndFittingsMember" xlink:title="Label : FixturesAndFittingsMember to label_FixturesAndFittingsMember" />
    <link:label xlink:type="resource" xlink:label="label_FixturesAndFittingsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FixturesAndFittingsMember_1" xml:lang="en-US" id="label_FixturesAndFittingsMember_1">Furniture [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixturesAndFittingsMember" xlink:to="label_FixturesAndFittingsMember_1" xlink:title="Label : FixturesAndFittingsMember to label_FixturesAndFittingsMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LPGTanksAndBottlesMember" xlink:label="LPGTanksAndBottlesMember" xlink:title="LPGTanksAndBottlesMember" />
    <link:label xlink:type="resource" xlink:label="label_LPGTanksAndBottlesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LPGTanksAndBottlesMember" xml:lang="en-US" id="label_LPGTanksAndBottlesMember">This member stands for the information pertaining to LPG tanks and bottles.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LPGTanksAndBottlesMember" xlink:to="label_LPGTanksAndBottlesMember" xlink:title="Label : LPGTanksAndBottlesMember to label_LPGTanksAndBottlesMember" />
    <link:label xlink:type="resource" xlink:label="label_LPGTanksAndBottlesMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LPGTanksAndBottlesMember_1" xml:lang="en-US" id="label_LPGTanksAndBottlesMember_1">LPG tanks and bottles [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LPGTanksAndBottlesMember" xlink:to="label_LPGTanksAndBottlesMember_1" xlink:title="Label : LPGTanksAndBottlesMember to label_LPGTanksAndBottlesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_LPGTanksAndBottlesMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LPGTanksAndBottlesMember_2" xml:lang="en-US" id="label_LPGTanksAndBottlesMember_2">L P G Tanks and Bottles [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LPGTanksAndBottlesMember" xlink:to="label_LPGTanksAndBottlesMember_2" xlink:title="Label : LPGTanksAndBottlesMember to label_LPGTanksAndBottlesMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BasicEarningsLossPerShareFromContinuingOperations" xlink:label="BasicEarningsLossPerShareFromContinuingOperations" xlink:title="BasicEarningsLossPerShareFromContinuingOperations" />
    <link:label xlink:type="resource" xlink:label="label_BasicEarningsLossPerShareFromContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_BasicEarningsLossPerShareFromContinuingOperations" xml:lang="en-US" id="label_BasicEarningsLossPerShareFromContinuingOperations">Basic earnings per share &#x2013; R$, Continuing operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BasicEarningsLossPerShareFromContinuingOperations" xlink:to="label_BasicEarningsLossPerShareFromContinuingOperations" xlink:title="Label : BasicEarningsLossPerShareFromContinuingOperations to label_BasicEarningsLossPerShareFromContinuingOperations" />
    <link:label xlink:type="resource" xlink:label="label_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_2" xml:lang="en-US" id="label_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_2">Automotive Fuel Lubricant Distribution Equipment and Facilities [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember" xlink:to="label_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_2" xlink:title="Label : AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember to label_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LeaseholdImprovementsMember" xlink:label="LeaseholdImprovementsMember" xlink:title="LeaseholdImprovementsMember" />
    <link:label xlink:type="resource" xlink:label="label_LeaseholdImprovementsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LeaseholdImprovementsMember" xml:lang="en-US" id="label_LeaseholdImprovementsMember">Leasehold improvements [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseholdImprovementsMember" xlink:to="label_LeaseholdImprovementsMember" xlink:title="Label : LeaseholdImprovementsMember to label_LeaseholdImprovementsMember" />
    <link:label xlink:type="resource" xlink:label="label_LeaseholdImprovementsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LeaseholdImprovementsMember_1" xml:lang="en-US" id="label_LeaseholdImprovementsMember_1">Leasehold improvements [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseholdImprovementsMember" xlink:to="label_LeaseholdImprovementsMember_1" xlink:title="Label : LeaseholdImprovementsMember to label_LeaseholdImprovementsMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BuildingsMember" xlink:label="BuildingsMember" xlink:title="BuildingsMember" />
    <link:label xlink:type="resource" xlink:label="label_BuildingsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BuildingsMember" xml:lang="en-US" id="label_BuildingsMember">Buildings [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BuildingsMember" xlink:to="label_BuildingsMember" xlink:title="Label : BuildingsMember to label_BuildingsMember" />
    <link:label xlink:type="resource" xlink:label="label_BuildingsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BuildingsMember_1" xml:lang="en-US" id="label_BuildingsMember_1">Buildings [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BuildingsMember" xlink:to="label_BuildingsMember_1" xlink:title="Label : BuildingsMember to label_BuildingsMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LandMember" xlink:label="LandMember" xlink:title="LandMember" />
    <link:label xlink:type="resource" xlink:label="label_LandMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LandMember" xml:lang="en-US" id="label_LandMember">Land [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LandMember" xlink:to="label_LandMember" xlink:title="Label : LandMember to label_LandMember" />
    <link:label xlink:type="resource" xlink:label="label_LandMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LandMember_1" xml:lang="en-US" id="label_LandMember_1">Land [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LandMember" xlink:to="label_LandMember_1" xlink:title="Label : LandMember to label_LandMember_1" />
    <link:label xlink:type="resource" xlink:label="label_UndiscountedOperatingLeasePaymentsToBePaidForContractsOfLowAmountAssets_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UndiscountedOperatingLeasePaymentsToBePaidForContractsOfLowAmountAssets_2" xml:lang="en-US" id="label_UndiscountedOperatingLeasePaymentsToBePaidForContractsOfLowAmountAssets_2">Lease payments to be payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UndiscountedOperatingLeasePaymentsToBePaidForContractsOfLowAmountAssets" xlink:to="label_UndiscountedOperatingLeasePaymentsToBePaidForContractsOfLowAmountAssets_2" xlink:title="Label : UndiscountedOperatingLeasePaymentsToBePaidForContractsOfLowAmountAssets to label_UndiscountedOperatingLeasePaymentsToBePaidForContractsOfLowAmountAssets_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:label="LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:title="LaterThanOneYearAndNotLaterThanFiveYearsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaterThanOneYearAndNotLaterThanFiveYearsMember" xml:lang="en-US" id="label_LaterThanOneYearAndNotLaterThanFiveYearsMember">Between 1 and 5 years</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:to="label_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:title="Label : LaterThanOneYearAndNotLaterThanFiveYearsMember to label_LaterThanOneYearAndNotLaterThanFiveYearsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanOneYearAndNotLaterThanFiveYearsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanOneYearAndNotLaterThanFiveYearsMember_1" xml:lang="en-US" id="label_LaterThanOneYearAndNotLaterThanFiveYearsMember_1">Later than one year and not later than five years [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:to="label_LaterThanOneYearAndNotLaterThanFiveYearsMember_1" xlink:title="Label : LaterThanOneYearAndNotLaterThanFiveYearsMember to label_LaterThanOneYearAndNotLaterThanFiveYearsMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LaterThanFifteenYearsMember" xlink:label="LaterThanFifteenYearsMember" xlink:title="LaterThanFifteenYearsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanFifteenYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaterThanFifteenYearsMember" xml:lang="en-US" id="label_LaterThanFifteenYearsMember">More than 15 years [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanFifteenYearsMember" xlink:to="label_LaterThanFifteenYearsMember" xlink:title="Label : LaterThanFifteenYearsMember to label_LaterThanFifteenYearsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanFifteenYearsMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LaterThanFifteenYearsMember_1" xml:lang="en-US" id="label_LaterThanFifteenYearsMember_1">This member stands for a time band of later than fifteen years.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanFifteenYearsMember" xlink:to="label_LaterThanFifteenYearsMember_1" xlink:title="Label : LaterThanFifteenYearsMember to label_LaterThanFifteenYearsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanFifteenYearsMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanFifteenYearsMember_2" xml:lang="en-US" id="label_LaterThanFifteenYearsMember_2">Later Than Fifteen Years [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanFifteenYearsMember" xlink:to="label_LaterThanFifteenYearsMember_2" xlink:title="Label : LaterThanFifteenYearsMember to label_LaterThanFifteenYearsMember_2" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanTenYearsAndNotLaterThanFifteenYearsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaterThanTenYearsAndNotLaterThanFifteenYearsMember_1" xml:lang="en-US" id="label_LaterThanTenYearsAndNotLaterThanFifteenYearsMember_1">From 11 to 15 years [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanTenYearsAndNotLaterThanFifteenYearsMember" xlink:to="label_LaterThanTenYearsAndNotLaterThanFifteenYearsMember_1" xlink:title="Label : LaterThanTenYearsAndNotLaterThanFifteenYearsMember to label_LaterThanTenYearsAndNotLaterThanFifteenYearsMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xlink:label="LaterThanFiveYearsAndNotLaterThanTenYearsMember" xlink:title="LaterThanFiveYearsAndNotLaterThanTenYearsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xml:lang="en-US" id="label_LaterThanFiveYearsAndNotLaterThanTenYearsMember">Later than five years and not later than ten years [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanFiveYearsAndNotLaterThanTenYearsMember" xlink:to="label_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xlink:title="Label : LaterThanFiveYearsAndNotLaterThanTenYearsMember to label_LaterThanFiveYearsAndNotLaterThanTenYearsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanFiveYearsAndNotLaterThanTenYearsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaterThanFiveYearsAndNotLaterThanTenYearsMember_1" xml:lang="en-US" id="label_LaterThanFiveYearsAndNotLaterThanTenYearsMember_1">From 6 to 10 years [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanFiveYearsAndNotLaterThanTenYearsMember" xlink:to="label_LaterThanFiveYearsAndNotLaterThanTenYearsMember_1" xlink:title="Label : LaterThanFiveYearsAndNotLaterThanTenYearsMember to label_LaterThanFiveYearsAndNotLaterThanTenYearsMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NotLaterThanFiveYearsMember" xlink:label="NotLaterThanFiveYearsMember" xlink:title="NotLaterThanFiveYearsMember" />
    <link:label xlink:type="resource" xlink:label="label_NotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotLaterThanFiveYearsMember" xml:lang="en-US" id="label_NotLaterThanFiveYearsMember">Not Later Than Five Years [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotLaterThanFiveYearsMember" xlink:to="label_NotLaterThanFiveYearsMember" xlink:title="Label : NotLaterThanFiveYearsMember to label_NotLaterThanFiveYearsMember" />
    <link:label xlink:type="resource" xlink:label="label_NotLaterThanFiveYearsMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NotLaterThanFiveYearsMember_1" xml:lang="en-US" id="label_NotLaterThanFiveYearsMember_1">This member stands for a time band of not later than five years.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotLaterThanFiveYearsMember" xlink:to="label_NotLaterThanFiveYearsMember_1" xlink:title="Label : NotLaterThanFiveYearsMember to label_NotLaterThanFiveYearsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_NotLaterThanFiveYearsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NotLaterThanFiveYearsMember_2" xml:lang="en-US" id="label_NotLaterThanFiveYearsMember_2">From 1 to 5 years</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotLaterThanFiveYearsMember" xlink:to="label_NotLaterThanFiveYearsMember_2" xlink:title="Label : NotLaterThanFiveYearsMember to label_NotLaterThanFiveYearsMember_2" />
    <link:label xlink:type="resource" xlink:label="label_UndiscountedOperatingLeasePaymentsToBePaid_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_UndiscountedOperatingLeasePaymentsToBePaid_1" xml:lang="en-US" id="label_UndiscountedOperatingLeasePaymentsToBePaid_1">Leases payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UndiscountedOperatingLeasePaymentsToBePaid" xlink:to="label_UndiscountedOperatingLeasePaymentsToBePaid_1" xlink:title="Label : UndiscountedOperatingLeasePaymentsToBePaid to label_UndiscountedOperatingLeasePaymentsToBePaid_1" />
    <link:label xlink:type="resource" xlink:label="label_UndiscountedOperatingLeasePaymentsToBePaid_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UndiscountedOperatingLeasePaymentsToBePaid_2" xml:lang="en-US" id="label_UndiscountedOperatingLeasePaymentsToBePaid_2">Undiscounted Operating Lease Payments to be Paid</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UndiscountedOperatingLeasePaymentsToBePaid" xlink:to="label_UndiscountedOperatingLeasePaymentsToBePaid_2" xlink:title="Label : UndiscountedOperatingLeasePaymentsToBePaid to label_UndiscountedOperatingLeasePaymentsToBePaid_2" />
    <link:label xlink:type="resource" xlink:label="label_UndiscountedOperatingLeasePaymentsToBePaid_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UndiscountedOperatingLeasePaymentsToBePaid_3" xml:lang="en-US" id="label_UndiscountedOperatingLeasePaymentsToBePaid_3">Future disbursements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UndiscountedOperatingLeasePaymentsToBePaid" xlink:to="label_UndiscountedOperatingLeasePaymentsToBePaid_3" xlink:title="Label : UndiscountedOperatingLeasePaymentsToBePaid to label_UndiscountedOperatingLeasePaymentsToBePaid_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LaterThanFiveYearsMember" xlink:label="LaterThanFiveYearsMember" xlink:title="LaterThanFiveYearsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LaterThanFiveYearsMember" xml:lang="en-US" id="label_LaterThanFiveYearsMember">More than 5 years</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanFiveYearsMember" xlink:to="label_LaterThanFiveYearsMember" xlink:title="Label : LaterThanFiveYearsMember to label_LaterThanFiveYearsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanFiveYearsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaterThanFiveYearsMember_1" xml:lang="en-US" id="label_LaterThanFiveYearsMember_1">More than 5 years [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanFiveYearsMember" xlink:to="label_LaterThanFiveYearsMember_1" xlink:title="Label : LaterThanFiveYearsMember to label_LaterThanFiveYearsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanFiveYearsMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanFiveYearsMember_2" xml:lang="en-US" id="label_LaterThanFiveYearsMember_2">Later than five years [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanFiveYearsMember" xlink:to="label_LaterThanFiveYearsMember_2" xlink:title="Label : LaterThanFiveYearsMember to label_LaterThanFiveYearsMember_2" />
    <link:label xlink:type="resource" xlink:label="label_DecreaseThroughClassifiedAsHeldForSaleLeaseLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DecreaseThroughClassifiedAsHeldForSaleLeaseLiabilities_1" xml:lang="en-US" id="label_DecreaseThroughClassifiedAsHeldForSaleLeaseLiabilities_1">Decrease through Classified as Held for Sale, Lease Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseThroughClassifiedAsHeldForSaleLeaseLiabilities" xlink:to="label_DecreaseThroughClassifiedAsHeldForSaleLeaseLiabilities_1" xlink:title="Label : DecreaseThroughClassifiedAsHeldForSaleLeaseLiabilities to label_DecreaseThroughClassifiedAsHeldForSaleLeaseLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_DecreaseThroughClassifiedAsHeldForSaleLeaseLiabilities_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DecreaseThroughClassifiedAsHeldForSaleLeaseLiabilities_2" xml:lang="en-US" id="label_DecreaseThroughClassifiedAsHeldForSaleLeaseLiabilities_2">Reclassification to liabilities held for sale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseThroughClassifiedAsHeldForSaleLeaseLiabilities" xlink:to="label_DecreaseThroughClassifiedAsHeldForSaleLeaseLiabilities_2" xlink:title="Label : DecreaseThroughClassifiedAsHeldForSaleLeaseLiabilities to label_DecreaseThroughClassifiedAsHeldForSaleLeaseLiabilities_2" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughAssignmentOfContractLeaseLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughAssignmentOfContractLeaseLiabilities_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughAssignmentOfContractLeaseLiabilities_1">Increase (Decrease) through Assignment of Contract, Lease Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughAssignmentOfContractLeaseLiabilities" xlink:to="label_IncreaseDecreaseThroughAssignmentOfContractLeaseLiabilities_1" xlink:title="Label : IncreaseDecreaseThroughAssignmentOfContractLeaseLiabilities to label_IncreaseDecreaseThroughAssignmentOfContractLeaseLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughAssignmentOfContractLeaseLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughAssignmentOfContractLeaseLiabilities_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughAssignmentOfContractLeaseLiabilities_2">Assignment of contract</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughAssignmentOfContractLeaseLiabilities" xlink:to="label_IncreaseDecreaseThroughAssignmentOfContractLeaseLiabilities_2" xlink:title="Label : IncreaseDecreaseThroughAssignmentOfContractLeaseLiabilities to label_IncreaseDecreaseThroughAssignmentOfContractLeaseLiabilities_2" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughNetExchangeDifferencesLeaseLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughNetExchangeDifferencesLeaseLiabilities_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughNetExchangeDifferencesLeaseLiabilities_1">Increase (Decrease) Through Net Exchange Differences Lease Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughNetExchangeDifferencesLeaseLiabilities" xlink:to="label_IncreaseDecreaseThroughNetExchangeDifferencesLeaseLiabilities_1" xlink:title="Label : IncreaseDecreaseThroughNetExchangeDifferencesLeaseLiabilities to label_IncreaseDecreaseThroughNetExchangeDifferencesLeaseLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughNetExchangeDifferencesLeaseLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughNetExchangeDifferencesLeaseLiabilities_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughNetExchangeDifferencesLeaseLiabilities_2">Effect&#xA0;of&#xA0;foreign currency exchange rate variation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughNetExchangeDifferencesLeaseLiabilities" xlink:to="label_IncreaseDecreaseThroughNetExchangeDifferencesLeaseLiabilities_2" xlink:title="Label : IncreaseDecreaseThroughNetExchangeDifferencesLeaseLiabilities to label_IncreaseDecreaseThroughNetExchangeDifferencesLeaseLiabilities_2" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInBorrowingsThroughAcquisitionOfSubsidiary_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseInBorrowingsThroughAcquisitionOfSubsidiary_1" xml:lang="en-US" id="label_IncreaseDecreaseInBorrowingsThroughAcquisitionOfSubsidiary_1">Acquisition of subsidiary</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInBorrowingsThroughAcquisitionOfSubsidiary" xlink:to="label_IncreaseDecreaseInBorrowingsThroughAcquisitionOfSubsidiary_1" xlink:title="Label : IncreaseDecreaseInBorrowingsThroughAcquisitionOfSubsidiary to label_IncreaseDecreaseInBorrowingsThroughAcquisitionOfSubsidiary_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInBorrowingsThroughAcquisitionOfSubsidiary_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInBorrowingsThroughAcquisitionOfSubsidiary_2" xml:lang="en-US" id="label_IncreaseDecreaseInBorrowingsThroughAcquisitionOfSubsidiary_2">Increase Decrease In Borrowings Through Acquisition Of Subsidiary</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInBorrowingsThroughAcquisitionOfSubsidiary" xlink:to="label_IncreaseDecreaseInBorrowingsThroughAcquisitionOfSubsidiary_2" xlink:title="Label : IncreaseDecreaseInBorrowingsThroughAcquisitionOfSubsidiary to label_IncreaseDecreaseInBorrowingsThroughAcquisitionOfSubsidiary_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_WriteOffsOfLeaseLiabilities" xlink:label="WriteOffsOfLeaseLiabilities" xlink:title="WriteOffsOfLeaseLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_WriteOffsOfLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WriteOffsOfLeaseLiabilities" xml:lang="en-US" id="label_WriteOffsOfLeaseLiabilities">Write Offs of Lease Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WriteOffsOfLeaseLiabilities" xlink:to="label_WriteOffsOfLeaseLiabilities" xlink:title="Label : WriteOffsOfLeaseLiabilities to label_WriteOffsOfLeaseLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_WriteOffsOfLeaseLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_WriteOffsOfLeaseLiabilities_1" xml:lang="en-US" id="label_WriteOffsOfLeaseLiabilities_1">Write-offs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WriteOffsOfLeaseLiabilities" xlink:to="label_WriteOffsOfLeaseLiabilities_1" xlink:title="Label : WriteOffsOfLeaseLiabilities to label_WriteOffsOfLeaseLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_WriteOffsOfLeaseLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_WriteOffsOfLeaseLiabilities_2" xml:lang="en-US" id="label_WriteOffsOfLeaseLiabilities_2">The amount of write-offs during the reporting period of lease liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WriteOffsOfLeaseLiabilities" xlink:to="label_WriteOffsOfLeaseLiabilities_2" xlink:title="Label : WriteOffsOfLeaseLiabilities to label_WriteOffsOfLeaseLiabilities_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdditionsAndRemeasurementOfLeaseLiability" xlink:label="AdditionsAndRemeasurementOfLeaseLiability" xlink:title="AdditionsAndRemeasurementOfLeaseLiability" />
    <link:label xlink:type="resource" xlink:label="label_AdditionsAndRemeasurementOfLeaseLiability" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionsAndRemeasurementOfLeaseLiability" xml:lang="en-US" id="label_AdditionsAndRemeasurementOfLeaseLiability">Additions And Remeasurement Of Lease Liability</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionsAndRemeasurementOfLeaseLiability" xlink:to="label_AdditionsAndRemeasurementOfLeaseLiability" xlink:title="Label : AdditionsAndRemeasurementOfLeaseLiability to label_AdditionsAndRemeasurementOfLeaseLiability" />
    <link:label xlink:type="resource" xlink:label="label_AdditionsAndRemeasurementOfLeaseLiability_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdditionsAndRemeasurementOfLeaseLiability_1" xml:lang="en-US" id="label_AdditionsAndRemeasurementOfLeaseLiability_1">Additions and remeasurement</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionsAndRemeasurementOfLeaseLiability" xlink:to="label_AdditionsAndRemeasurementOfLeaseLiability_1" xlink:title="Label : AdditionsAndRemeasurementOfLeaseLiability to label_AdditionsAndRemeasurementOfLeaseLiability_1" />
    <link:label xlink:type="resource" xlink:label="label_AdditionsAndRemeasurementOfLeaseLiability_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdditionsAndRemeasurementOfLeaseLiability_2" xml:lang="en-US" id="label_AdditionsAndRemeasurementOfLeaseLiability_2">The amount of additions and remeasurement of lease liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionsAndRemeasurementOfLeaseLiability" xlink:to="label_AdditionsAndRemeasurementOfLeaseLiability_2" xlink:title="Label : AdditionsAndRemeasurementOfLeaseLiability to label_AdditionsAndRemeasurementOfLeaseLiability_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LoansAndDebenturesInterestPayment" xlink:label="LoansAndDebenturesInterestPayment" xlink:title="LoansAndDebenturesInterestPayment" />
    <link:label xlink:type="resource" xlink:label="label_LoansAndDebenturesInterestPayment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LoansAndDebenturesInterestPayment" xml:lang="en-US" id="label_LoansAndDebenturesInterestPayment">The amount of interest payment of loans and debentures.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansAndDebenturesInterestPayment" xlink:to="label_LoansAndDebenturesInterestPayment" xlink:title="Label : LoansAndDebenturesInterestPayment to label_LoansAndDebenturesInterestPayment" />
    <link:label xlink:type="resource" xlink:label="label_LoansAndDebenturesInterestPayment_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoansAndDebenturesInterestPayment_1" xml:lang="en-US" id="label_LoansAndDebenturesInterestPayment_1">Loans and debentures interest payment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansAndDebenturesInterestPayment" xlink:to="label_LoansAndDebenturesInterestPayment_1" xlink:title="Label : LoansAndDebenturesInterestPayment to label_LoansAndDebenturesInterestPayment_1" />
    <link:label xlink:type="resource" xlink:label="label_LoansAndDebenturesInterestPayment_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_LoansAndDebenturesInterestPayment_2" xml:lang="en-US" id="label_LoansAndDebenturesInterestPayment_2">Interest payment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansAndDebenturesInterestPayment" xlink:to="label_LoansAndDebenturesInterestPayment_2" xlink:title="Label : LoansAndDebenturesInterestPayment to label_LoansAndDebenturesInterestPayment_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PrincipalPaymentAndFinancialLeases" xlink:label="PrincipalPaymentAndFinancialLeases" xlink:title="PrincipalPaymentAndFinancialLeases" />
    <link:label xlink:type="resource" xlink:label="label_PrincipalPaymentAndFinancialLeases" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PrincipalPaymentAndFinancialLeases" xml:lang="en-US" id="label_PrincipalPaymentAndFinancialLeases">Principal payment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrincipalPaymentAndFinancialLeases" xlink:to="label_PrincipalPaymentAndFinancialLeases" xlink:title="Label : PrincipalPaymentAndFinancialLeases to label_PrincipalPaymentAndFinancialLeases" />
    <link:label xlink:type="resource" xlink:label="label_PrincipalPaymentAndFinancialLeases_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PrincipalPaymentAndFinancialLeases_1" xml:lang="en-US" id="label_PrincipalPaymentAndFinancialLeases_1">Principal payment and financial leases</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrincipalPaymentAndFinancialLeases" xlink:to="label_PrincipalPaymentAndFinancialLeases_1" xlink:title="Label : PrincipalPaymentAndFinancialLeases to label_PrincipalPaymentAndFinancialLeases_1" />
    <link:label xlink:type="resource" xlink:label="label_PrincipalPaymentAndFinancialLeases_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PrincipalPaymentAndFinancialLeases_2" xml:lang="en-US" id="label_PrincipalPaymentAndFinancialLeases_2">The amount of principal payment of loans and debentures.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrincipalPaymentAndFinancialLeases" xlink:to="label_PrincipalPaymentAndFinancialLeases_2" xlink:title="Label : PrincipalPaymentAndFinancialLeases to label_PrincipalPaymentAndFinancialLeases_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashOutflowForLeases" xlink:label="CashOutflowForLeases" xlink:title="CashOutflowForLeases" />
    <link:label xlink:type="resource" xlink:label="label_CashOutflowForLeases" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashOutflowForLeases" xml:lang="en-US" id="label_CashOutflowForLeases">Cash outflow for leases</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashOutflowForLeases" xlink:to="label_CashOutflowForLeases" xlink:title="Label : CashOutflowForLeases to label_CashOutflowForLeases" />
    <link:label xlink:type="resource" xlink:label="label_CashOutflowForLeases_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CashOutflowForLeases_1" xml:lang="en-US" id="label_CashOutflowForLeases_1">Payments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashOutflowForLeases" xlink:to="label_CashOutflowForLeases_1" xlink:title="Label : CashOutflowForLeases to label_CashOutflowForLeases_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:label="InterestExpenseOnLeaseLiabilities" xlink:title="InterestExpenseOnLeaseLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_InterestExpenseOnLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestExpenseOnLeaseLiabilities" xml:lang="en-US" id="label_InterestExpenseOnLeaseLiabilities">Interest accrued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpenseOnLeaseLiabilities" xlink:to="label_InterestExpenseOnLeaseLiabilities" xlink:title="Label : InterestExpenseOnLeaseLiabilities to label_InterestExpenseOnLeaseLiabilities" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_EarningsLossPerShareFromContinuingOperationsAbstract" xlink:label="EarningsLossPerShareFromContinuingOperationsAbstract" xlink:title="EarningsLossPerShareFromContinuingOperationsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_EarningsLossPerShareFromContinuingOperationsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EarningsLossPerShareFromContinuingOperationsAbstract" xml:lang="en-US" id="label_EarningsLossPerShareFromContinuingOperationsAbstract">Earnings per share from continuing operations (based on the weighted average number of shares outstanding) &#x2013; R$</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EarningsLossPerShareFromContinuingOperationsAbstract" xlink:to="label_EarningsLossPerShareFromContinuingOperationsAbstract" xlink:title="Label : EarningsLossPerShareFromContinuingOperationsAbstract to label_EarningsLossPerShareFromContinuingOperationsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_InterestExpenseOnLeaseLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestExpenseOnLeaseLiabilities_1" xml:lang="en-US" id="label_InterestExpenseOnLeaseLiabilities_1">Interest expense on lease liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpenseOnLeaseLiabilities" xlink:to="label_InterestExpenseOnLeaseLiabilities_1" xlink:title="Label : InterestExpenseOnLeaseLiabilities to label_InterestExpenseOnLeaseLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LeaseLiabilities" xlink:label="LeaseLiabilities" xlink:title="LeaseLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LeaseLiabilities" xml:lang="en-US" id="label_LeaseLiabilities">Leases payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilities" xlink:to="label_LeaseLiabilities" xlink:title="Label : LeaseLiabilities to label_LeaseLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_LeaseLiabilities_1" xml:lang="en-US" id="label_LeaseLiabilities_1">Ending balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilities" xlink:to="label_LeaseLiabilities_1" xlink:title="Label : LeaseLiabilities to label_LeaseLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_LeaseLiabilities_2" xml:lang="en-US" id="label_LeaseLiabilities_2">Beginning balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilities" xlink:to="label_LeaseLiabilities_2" xlink:title="Label : LeaseLiabilities to label_LeaseLiabilities_2" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilities_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LeaseLiabilities_3" xml:lang="en-US" id="label_LeaseLiabilities_3">Leases payable recognized on January 1, 2019</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilities" xlink:to="label_LeaseLiabilities_3" xlink:title="Label : LeaseLiabilities to label_LeaseLiabilities_3" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilities_4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LeaseLiabilities_4" xml:lang="en-US" id="label_LeaseLiabilities_4">Lease liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilities" xlink:to="label_LeaseLiabilities_4" xlink:title="Label : LeaseLiabilities to label_LeaseLiabilities_4" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfLeaseLiabilitiesLineItems" xlink:label="DisclosureOfLeaseLiabilitiesLineItems" xlink:title="DisclosureOfLeaseLiabilitiesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfLeaseLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfLeaseLiabilitiesLineItems" xml:lang="en-US" id="label_DisclosureOfLeaseLiabilitiesLineItems">Disclosure of Lease Liabilities [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfLeaseLiabilitiesLineItems" xlink:to="label_DisclosureOfLeaseLiabilitiesLineItems" xlink:title="Label : DisclosureOfLeaseLiabilitiesLineItems to label_DisclosureOfLeaseLiabilitiesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfLeaseLiabilitiesLineItems_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfLeaseLiabilitiesLineItems_1" xml:lang="en-US" id="label_DisclosureOfLeaseLiabilitiesLineItems_1">Lease liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfLeaseLiabilitiesLineItems" xlink:to="label_DisclosureOfLeaseLiabilitiesLineItems_1" xlink:title="Label : DisclosureOfLeaseLiabilitiesLineItems to label_DisclosureOfLeaseLiabilitiesLineItems_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IFRS16Member" xlink:label="IFRS16Member" xlink:title="IFRS16Member" />
    <link:label xlink:type="resource" xlink:label="label_IFRS16Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IFRS16Member" xml:lang="en-US" id="label_IFRS16Member">This member stands for the information pertaining to IFRS 16.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IFRS16Member" xlink:to="label_IFRS16Member" xlink:title="Label : IFRS16Member to label_IFRS16Member" />
    <link:label xlink:type="resource" xlink:label="label_IFRS16Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IFRS16Member_1" xml:lang="en-US" id="label_IFRS16Member_1">IFRS 16 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IFRS16Member" xlink:to="label_IFRS16Member_1" xlink:title="Label : IFRS16Member to label_IFRS16Member_1" />
    <link:label xlink:type="resource" xlink:label="label_IFRS16Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IFRS16Member_2" xml:lang="en-US" id="label_IFRS16Member_2">IFRS 16 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IFRS16Member" xlink:to="label_IFRS16Member_2" xlink:title="Label : IFRS16Member to label_IFRS16Member_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InitiallyAppliedIFRSsDomain" xlink:label="InitiallyAppliedIFRSsDomain" xlink:title="InitiallyAppliedIFRSsDomain" />
    <link:label xlink:type="resource" xlink:label="label_InitiallyAppliedIFRSsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InitiallyAppliedIFRSsDomain" xml:lang="en-US" id="label_InitiallyAppliedIFRSsDomain">Initially applied IFRSs [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InitiallyAppliedIFRSsDomain" xlink:to="label_InitiallyAppliedIFRSsDomain" xlink:title="Label : InitiallyAppliedIFRSsDomain to label_InitiallyAppliedIFRSsDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InitiallyAppliedIFRSsAxis" xlink:label="InitiallyAppliedIFRSsAxis" xlink:title="InitiallyAppliedIFRSsAxis" />
    <link:label xlink:type="resource" xlink:label="label_InitiallyAppliedIFRSsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InitiallyAppliedIFRSsAxis" xml:lang="en-US" id="label_InitiallyAppliedIFRSsAxis">Initially applied IFRSs [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InitiallyAppliedIFRSsAxis" xlink:to="label_InitiallyAppliedIFRSsAxis" xlink:title="Label : InitiallyAppliedIFRSsAxis to label_InitiallyAppliedIFRSsAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LeaseLiabilitiesMember" xlink:label="LeaseLiabilitiesMember" xlink:title="LeaseLiabilitiesMember" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LeaseLiabilitiesMember" xml:lang="en-US" id="label_LeaseLiabilitiesMember">Lease liabilities [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilitiesMember" xlink:to="label_LeaseLiabilitiesMember" xlink:title="Label : LeaseLiabilitiesMember to label_LeaseLiabilitiesMember" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilitiesMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LeaseLiabilitiesMember_1" xml:lang="en-US" id="label_LeaseLiabilitiesMember_1">Lease liabilities [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilitiesMember" xlink:to="label_LeaseLiabilitiesMember_1" xlink:title="Label : LeaseLiabilitiesMember to label_LeaseLiabilitiesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilitiesMember_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LeaseLiabilitiesMember_2" xml:lang="en-US" id="label_LeaseLiabilitiesMember_2">Lease payable [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilitiesMember" xlink:to="label_LeaseLiabilitiesMember_2" xlink:title="Label : LeaseLiabilitiesMember to label_LeaseLiabilitiesMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LiabilitiesArisingFromFinancingActivitiesDomain" xlink:label="LiabilitiesArisingFromFinancingActivitiesDomain" xlink:title="LiabilitiesArisingFromFinancingActivitiesDomain" />
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesArisingFromFinancingActivitiesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilitiesArisingFromFinancingActivitiesDomain" xml:lang="en-US" id="label_LiabilitiesArisingFromFinancingActivitiesDomain">Liabilities arising from financing activities [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesArisingFromFinancingActivitiesDomain" xlink:to="label_LiabilitiesArisingFromFinancingActivitiesDomain" xlink:title="Label : LiabilitiesArisingFromFinancingActivitiesDomain to label_LiabilitiesArisingFromFinancingActivitiesDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis" xlink:label="LiabilitiesArisingFromFinancingActivitiesAxis" xlink:title="LiabilitiesArisingFromFinancingActivitiesAxis" />
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesArisingFromFinancingActivitiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LiabilitiesArisingFromFinancingActivitiesAxis" xml:lang="en-US" id="label_LiabilitiesArisingFromFinancingActivitiesAxis">Liabilities arising from financing activities [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesArisingFromFinancingActivitiesAxis" xlink:to="label_LiabilitiesArisingFromFinancingActivitiesAxis" xlink:title="Label : LiabilitiesArisingFromFinancingActivitiesAxis to label_LiabilitiesArisingFromFinancingActivitiesAxis" />
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesArisingFromFinancingActivitiesAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilitiesArisingFromFinancingActivitiesAxis_1" xml:lang="en-US" id="label_LiabilitiesArisingFromFinancingActivitiesAxis_1">Liabilities arising from financing activities [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesArisingFromFinancingActivitiesAxis" xlink:to="label_LiabilitiesArisingFromFinancingActivitiesAxis_1" xlink:title="Label : LiabilitiesArisingFromFinancingActivitiesAxis to label_LiabilitiesArisingFromFinancingActivitiesAxis_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfLeaseLiabilitiesTable" xlink:label="DisclosureOfLeaseLiabilitiesTable" xlink:title="DisclosureOfLeaseLiabilitiesTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfLeaseLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfLeaseLiabilitiesTable" xml:lang="en-US" id="label_DisclosureOfLeaseLiabilitiesTable">Disclosure of Lease Liabilities [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfLeaseLiabilitiesTable" xlink:to="label_DisclosureOfLeaseLiabilitiesTable" xlink:title="Label : DisclosureOfLeaseLiabilitiesTable to label_DisclosureOfLeaseLiabilitiesTable" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughInitialDirectCostsRightOfUseAssets_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughInitialDirectCostsRightOfUseAssets_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughInitialDirectCostsRightOfUseAssets_1">Increase (Decrease) through Initial Direct Costs, Right-of-use Assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughInitialDirectCostsRightOfUseAssets" xlink:to="label_IncreaseDecreaseThroughInitialDirectCostsRightOfUseAssets_1" xlink:title="Label : IncreaseDecreaseThroughInitialDirectCostsRightOfUseAssets to label_IncreaseDecreaseThroughInitialDirectCostsRightOfUseAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughInitialDirectCostsRightOfUseAssets_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughInitialDirectCostsRightOfUseAssets_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughInitialDirectCostsRightOfUseAssets_2">Initial direct costs of right-of-use assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughInitialDirectCostsRightOfUseAssets" xlink:to="label_IncreaseDecreaseThroughInitialDirectCostsRightOfUseAssets_2" xlink:title="Label : IncreaseDecreaseThroughInitialDirectCostsRightOfUseAssets to label_IncreaseDecreaseThroughInitialDirectCostsRightOfUseAssets_2" />
    <link:label xlink:type="resource" xlink:label="label_DecreaseThroughClassifiedAsHeldForSaleRightOfUseAssets_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DecreaseThroughClassifiedAsHeldForSaleRightOfUseAssets_1" xml:lang="en-US" id="label_DecreaseThroughClassifiedAsHeldForSaleRightOfUseAssets_1">Reclassification to assets held for sale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseThroughClassifiedAsHeldForSaleRightOfUseAssets" xlink:to="label_DecreaseThroughClassifiedAsHeldForSaleRightOfUseAssets_1" xlink:title="Label : DecreaseThroughClassifiedAsHeldForSaleRightOfUseAssets to label_DecreaseThroughClassifiedAsHeldForSaleRightOfUseAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_DecreaseThroughClassifiedAsHeldForSaleRightOfUseAssets_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DecreaseThroughClassifiedAsHeldForSaleRightOfUseAssets_2" xml:lang="en-US" id="label_DecreaseThroughClassifiedAsHeldForSaleRightOfUseAssets_2">Decrease through classified as held for sale, right-of-use assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseThroughClassifiedAsHeldForSaleRightOfUseAssets" xlink:to="label_DecreaseThroughClassifiedAsHeldForSaleRightOfUseAssets_2" xlink:title="Label : DecreaseThroughClassifiedAsHeldForSaleRightOfUseAssets to label_DecreaseThroughClassifiedAsHeldForSaleRightOfUseAssets_2" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInRightOfUseAssetThroughAcquisitionOfSubsidiaries_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseInRightOfUseAssetThroughAcquisitionOfSubsidiaries_2" xml:lang="en-US" id="label_IncreaseDecreaseInRightOfUseAssetThroughAcquisitionOfSubsidiaries_2">The increase (decrease) in Right of use asset through acquisition of subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInRightOfUseAssetThroughAcquisitionOfSubsidiaries" xlink:to="label_IncreaseDecreaseInRightOfUseAssetThroughAcquisitionOfSubsidiaries_2" xlink:title="Label : IncreaseDecreaseInRightOfUseAssetThroughAcquisitionOfSubsidiaries to label_IncreaseDecreaseInRightOfUseAssetThroughAcquisitionOfSubsidiaries_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AmortizationOfRightToUseAsset" xlink:label="AmortizationOfRightToUseAsset" xlink:title="AmortizationOfRightToUseAsset" />
    <link:label xlink:type="resource" xlink:label="label_AmortizationOfRightToUseAsset" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AmortizationOfRightToUseAsset" xml:lang="en-US" id="label_AmortizationOfRightToUseAsset">Amortization of right-of-use assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmortizationOfRightToUseAsset" xlink:to="label_AmortizationOfRightToUseAsset" xlink:title="Label : AmortizationOfRightToUseAsset to label_AmortizationOfRightToUseAsset" />
    <link:label xlink:type="resource" xlink:label="label_AmortizationOfRightToUseAsset_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmortizationOfRightToUseAsset_1" xml:lang="en-US" id="label_AmortizationOfRightToUseAsset_1">Amortization of Right To Use Asset</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmortizationOfRightToUseAsset" xlink:to="label_AmortizationOfRightToUseAsset_1" xlink:title="Label : AmortizationOfRightToUseAsset to label_AmortizationOfRightToUseAsset_1" />
    <link:label xlink:type="resource" xlink:label="label_AmortizationOfRightToUseAsset_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmortizationOfRightToUseAsset_2" xml:lang="en-US" id="label_AmortizationOfRightToUseAsset_2">Amortization</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmortizationOfRightToUseAsset" xlink:to="label_AmortizationOfRightToUseAsset_2" xlink:title="Label : AmortizationOfRightToUseAsset to label_AmortizationOfRightToUseAsset_2" />
    <link:label xlink:type="resource" xlink:label="label_AmortizationOfRightToUseAsset_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AmortizationOfRightToUseAsset_3" xml:lang="en-US" id="label_AmortizationOfRightToUseAsset_3">The amount of amortization of right-of-use assets.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmortizationOfRightToUseAsset" xlink:to="label_AmortizationOfRightToUseAsset_3" xlink:title="Label : AmortizationOfRightToUseAsset to label_AmortizationOfRightToUseAsset_3" />
    <link:label xlink:type="resource" xlink:label="label_AmortizationOfRightToUseAsset_4" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_AmortizationOfRightToUseAsset_4" xml:lang="en-US" id="label_AmortizationOfRightToUseAsset_4">Amortization of right to use assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmortizationOfRightToUseAsset" xlink:to="label_AmortizationOfRightToUseAsset_4" xlink:title="Label : AmortizationOfRightToUseAsset to label_AmortizationOfRightToUseAsset_4" />
    <link:label xlink:type="resource" xlink:label="label_AmortizationOfRightToUseAsset_5" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AmortizationOfRightToUseAsset_5" xml:lang="en-US" id="label_AmortizationOfRightToUseAsset_5">Amortization of right-of-use assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmortizationOfRightToUseAsset" xlink:to="label_AmortizationOfRightToUseAsset_5" xlink:title="Label : AmortizationOfRightToUseAsset to label_AmortizationOfRightToUseAsset_5" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets_1">Exchange rate variation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" xlink:to="label_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets_1" xlink:title="Label : IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets to label_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets_2">Increase (Decrease) Through Net Exchange Differences Right of Use Assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" xlink:to="label_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets_2" xlink:title="Label : IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets to label_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncreaseDecreaseThroughTransferOfRightOfUseAsset" xlink:label="IncreaseDecreaseThroughTransferOfRightOfUseAsset" xlink:title="IncreaseDecreaseThroughTransferOfRightOfUseAsset" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughTransferOfRightOfUseAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughTransferOfRightOfUseAsset" xml:lang="en-US" id="label_IncreaseDecreaseThroughTransferOfRightOfUseAsset">Increase Decrease Through Transfer Of Right Of Use Asset</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTransferOfRightOfUseAsset" xlink:to="label_IncreaseDecreaseThroughTransferOfRightOfUseAsset" xlink:title="Label : IncreaseDecreaseThroughTransferOfRightOfUseAsset to label_IncreaseDecreaseThroughTransferOfRightOfUseAsset" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughTransferOfRightOfUseAsset_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughTransferOfRightOfUseAsset_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughTransferOfRightOfUseAsset_1">Transfers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTransferOfRightOfUseAsset" xlink:to="label_IncreaseDecreaseThroughTransferOfRightOfUseAsset_1" xlink:title="Label : IncreaseDecreaseThroughTransferOfRightOfUseAsset to label_IncreaseDecreaseThroughTransferOfRightOfUseAsset_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughTransferOfRightOfUseAsset_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseThroughTransferOfRightOfUseAsset_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughTransferOfRightOfUseAsset_2">The increase (decrease) through transfer of Right of use asset.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTransferOfRightOfUseAsset" xlink:to="label_IncreaseDecreaseThroughTransferOfRightOfUseAsset_2" xlink:title="Label : IncreaseDecreaseThroughTransferOfRightOfUseAsset to label_IncreaseDecreaseThroughTransferOfRightOfUseAsset_2" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughTransferOfRightOfUseAsset_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_IncreaseDecreaseThroughTransferOfRightOfUseAsset_3" xml:lang="en-US" id="label_IncreaseDecreaseThroughTransferOfRightOfUseAsset_3">Transfer to property, plant and equipment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTransferOfRightOfUseAsset" xlink:to="label_IncreaseDecreaseThroughTransferOfRightOfUseAsset_3" xlink:title="Label : IncreaseDecreaseThroughTransferOfRightOfUseAsset to label_IncreaseDecreaseThroughTransferOfRightOfUseAsset_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_WriteOffsOfRightOfUseAssets" xlink:label="WriteOffsOfRightOfUseAssets" xlink:title="WriteOffsOfRightOfUseAssets" />
    <link:label xlink:type="resource" xlink:label="label_WriteOffsOfRightOfUseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WriteOffsOfRightOfUseAssets" xml:lang="en-US" id="label_WriteOffsOfRightOfUseAssets">Write Offs of Right of Use Assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WriteOffsOfRightOfUseAssets" xlink:to="label_WriteOffsOfRightOfUseAssets" xlink:title="Label : WriteOffsOfRightOfUseAssets to label_WriteOffsOfRightOfUseAssets" />
    <link:label xlink:type="resource" xlink:label="label_WriteOffsOfRightOfUseAssets_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_WriteOffsOfRightOfUseAssets_1" xml:lang="en-US" id="label_WriteOffsOfRightOfUseAssets_1">Write-offs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WriteOffsOfRightOfUseAssets" xlink:to="label_WriteOffsOfRightOfUseAssets_1" xlink:title="Label : WriteOffsOfRightOfUseAssets to label_WriteOffsOfRightOfUseAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_WriteOffsOfRightOfUseAssets_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_WriteOffsOfRightOfUseAssets_2" xml:lang="en-US" id="label_WriteOffsOfRightOfUseAssets_2">The amount of write-offs during the reporting period of right-of-use assets.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WriteOffsOfRightOfUseAssets" xlink:to="label_WriteOffsOfRightOfUseAssets_2" xlink:title="Label : WriteOffsOfRightOfUseAssets to label_WriteOffsOfRightOfUseAssets_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdditionsToRightofuseAssets" xlink:label="AdditionsToRightofuseAssets" xlink:title="AdditionsToRightofuseAssets" />
    <link:label xlink:type="resource" xlink:label="label_AdditionsToRightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionsToRightofuseAssets" xml:lang="en-US" id="label_AdditionsToRightofuseAssets">Additions to right-of-use assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionsToRightofuseAssets" xlink:to="label_AdditionsToRightofuseAssets" xlink:title="Label : AdditionsToRightofuseAssets to label_AdditionsToRightofuseAssets" />
    <link:label xlink:type="resource" xlink:label="label_AdditionsToRightofuseAssets_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdditionsToRightofuseAssets_1" xml:lang="en-US" id="label_AdditionsToRightofuseAssets_1">Initial direct costs of right to use assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionsToRightofuseAssets" xlink:to="label_AdditionsToRightofuseAssets_1" xlink:title="Label : AdditionsToRightofuseAssets to label_AdditionsToRightofuseAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_AdditionsToRightofuseAssets_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AdditionsToRightofuseAssets_2" xml:lang="en-US" id="label_AdditionsToRightofuseAssets_2">Additions and remeasurement</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionsToRightofuseAssets" xlink:to="label_AdditionsToRightofuseAssets_2" xlink:title="Label : AdditionsToRightofuseAssets to label_AdditionsToRightofuseAssets_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AmountOfReclassificationsOrChangesInPresentation" xlink:label="AmountOfReclassificationsOrChangesInPresentation" xlink:title="AmountOfReclassificationsOrChangesInPresentation" />
    <link:label xlink:type="resource" xlink:label="label_AmountOfReclassificationsOrChangesInPresentation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmountOfReclassificationsOrChangesInPresentation" xml:lang="en-US" id="label_AmountOfReclassificationsOrChangesInPresentation">Amount of reclassifications or changes in presentation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountOfReclassificationsOrChangesInPresentation" xlink:to="label_AmountOfReclassificationsOrChangesInPresentation" xlink:title="Label : AmountOfReclassificationsOrChangesInPresentation to label_AmountOfReclassificationsOrChangesInPresentation" />
    <link:label xlink:type="resource" xlink:label="label_AmountOfReclassificationsOrChangesInPresentation_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmountOfReclassificationsOrChangesInPresentation_1" xml:lang="en-US" id="label_AmountOfReclassificationsOrChangesInPresentation_1">Adoption IFRS 16</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountOfReclassificationsOrChangesInPresentation" xlink:to="label_AmountOfReclassificationsOrChangesInPresentation_1" xlink:title="Label : AmountOfReclassificationsOrChangesInPresentation to label_AmountOfReclassificationsOrChangesInPresentation_1" />
    <link:label xlink:type="resource" xlink:label="label_AmountOfReclassificationsOrChangesInPresentation_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AmountOfReclassificationsOrChangesInPresentation_2" xml:lang="en-US" id="label_AmountOfReclassificationsOrChangesInPresentation_2">Adoption IFRS 16 &#x2013; transfer to Note 13.b</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountOfReclassificationsOrChangesInPresentation" xlink:to="label_AmountOfReclassificationsOrChangesInPresentation_2" xlink:title="Label : AmountOfReclassificationsOrChangesInPresentation to label_AmountOfReclassificationsOrChangesInPresentation_2" />
    <link:label xlink:type="resource" xlink:label="label_AmountOfReclassificationsOrChangesInPresentation_3" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_AmountOfReclassificationsOrChangesInPresentation_3" xml:lang="en-US" id="label_AmountOfReclassificationsOrChangesInPresentation_3">Intangible assets, IFRS 16</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountOfReclassificationsOrChangesInPresentation" xlink:to="label_AmountOfReclassificationsOrChangesInPresentation_3" xlink:title="Label : AmountOfReclassificationsOrChangesInPresentation to label_AmountOfReclassificationsOrChangesInPresentation_3" />
    <link:label xlink:type="resource" xlink:label="label_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_2" xml:lang="en-US" id="label_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_2">Weighted average useful life</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:to="label_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_2" xlink:title="Label : UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment to label_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AccumulatedImpairmentMember" xlink:label="AccumulatedImpairmentMember" xlink:title="AccumulatedImpairmentMember" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedImpairmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccumulatedImpairmentMember" xml:lang="en-US" id="label_AccumulatedImpairmentMember">Provision for impairment losses [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedImpairmentMember" xlink:to="label_AccumulatedImpairmentMember" xlink:title="Label : AccumulatedImpairmentMember to label_AccumulatedImpairmentMember" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedImpairmentMember_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AccumulatedImpairmentMember_1" xml:lang="en-US" id="label_AccumulatedImpairmentMember_1">Provision for losses and impairment [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedImpairmentMember" xlink:to="label_AccumulatedImpairmentMember_1" xlink:title="Label : AccumulatedImpairmentMember to label_AccumulatedImpairmentMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedImpairmentMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccumulatedImpairmentMember_2" xml:lang="en-US" id="label_AccumulatedImpairmentMember_2">Accumulated impairment [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedImpairmentMember" xlink:to="label_AccumulatedImpairmentMember_2" xlink:title="Label : AccumulatedImpairmentMember to label_AccumulatedImpairmentMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:label="AccumulatedDepreciationAndAmortisationMember" xlink:title="AccumulatedDepreciationAndAmortisationMember" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedDepreciationAndAmortisationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccumulatedDepreciationAndAmortisationMember" xml:lang="en-US" id="label_AccumulatedDepreciationAndAmortisationMember">Accumulated depreciation and amortisation [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationAndAmortisationMember" xlink:to="label_AccumulatedDepreciationAndAmortisationMember" xlink:title="Label : AccumulatedDepreciationAndAmortisationMember to label_AccumulatedDepreciationAndAmortisationMember" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedDepreciationAndAmortisationMember_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AccumulatedDepreciationAndAmortisationMember_1" xml:lang="en-US" id="label_AccumulatedDepreciationAndAmortisationMember_1">Accumulated amortization [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationAndAmortisationMember" xlink:to="label_AccumulatedDepreciationAndAmortisationMember_1" xlink:title="Label : AccumulatedDepreciationAndAmortisationMember to label_AccumulatedDepreciationAndAmortisationMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedDepreciationAndAmortisationMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccumulatedDepreciationAndAmortisationMember_2" xml:lang="en-US" id="label_AccumulatedDepreciationAndAmortisationMember_2">Accumulated depreciation [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationAndAmortisationMember" xlink:to="label_AccumulatedDepreciationAndAmortisationMember_2" xlink:title="Label : AccumulatedDepreciationAndAmortisationMember to label_AccumulatedDepreciationAndAmortisationMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_GrossCarryingAmountMember" xlink:label="GrossCarryingAmountMember" xlink:title="GrossCarryingAmountMember" />
    <link:label xlink:type="resource" xlink:label="label_GrossCarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GrossCarryingAmountMember" xml:lang="en-US" id="label_GrossCarryingAmountMember">Gross carrying amount [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrossCarryingAmountMember" xlink:to="label_GrossCarryingAmountMember" xlink:title="Label : GrossCarryingAmountMember to label_GrossCarryingAmountMember" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" xlink:label="OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" xlink:title="OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" />
    <link:label xlink:type="resource" xlink:label="label_OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" xml:lang="en-US" id="label_OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes">Operating income before financial income (expenses) and income and social contribution taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" xlink:to="label_OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" xlink:title="Label : OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes to label_OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" />
    <link:label xlink:type="resource" xlink:label="label_GrossCarryingAmountMember_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_GrossCarryingAmountMember_1" xml:lang="en-US" id="label_GrossCarryingAmountMember_1">Cost [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrossCarryingAmountMember" xlink:to="label_GrossCarryingAmountMember_1" xlink:title="Label : GrossCarryingAmountMember to label_GrossCarryingAmountMember_1" />
    <link:label xlink:type="resource" xlink:label="label_GrossCarryingAmountMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GrossCarryingAmountMember_2" xml:lang="en-US" id="label_GrossCarryingAmountMember_2">Gross carrying amount [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrossCarryingAmountMember" xlink:to="label_GrossCarryingAmountMember_2" xlink:title="Label : GrossCarryingAmountMember to label_GrossCarryingAmountMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CarryingAmountMember" xlink:label="CarryingAmountMember" xlink:title="CarryingAmountMember" />
    <link:label xlink:type="resource" xlink:label="label_CarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CarryingAmountMember" xml:lang="en-US" id="label_CarryingAmountMember">Carrying amount [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CarryingAmountMember" xlink:to="label_CarryingAmountMember" xlink:title="Label : CarryingAmountMember to label_CarryingAmountMember" />
    <link:label xlink:type="resource" xlink:label="label_CarryingAmountMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CarryingAmountMember_1" xml:lang="en-US" id="label_CarryingAmountMember_1">Carrying amount [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CarryingAmountMember" xlink:to="label_CarryingAmountMember_1" xlink:title="Label : CarryingAmountMember to label_CarryingAmountMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_RealEstatePropertyOneMember" xlink:label="RealEstatePropertyOneMember" xlink:title="RealEstatePropertyOneMember" />
    <link:label xlink:type="resource" xlink:label="label_RealEstatePropertyOneMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RealEstatePropertyOneMember" xml:lang="en-US" id="label_RealEstatePropertyOneMember">Real Estate Property [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstatePropertyOneMember" xlink:to="label_RealEstatePropertyOneMember" xlink:title="Label : RealEstatePropertyOneMember to label_RealEstatePropertyOneMember" />
    <link:label xlink:type="resource" xlink:label="label_RealEstatePropertyOneMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RealEstatePropertyOneMember_1" xml:lang="en-US" id="label_RealEstatePropertyOneMember_1">This member stands for the information pertaining to Real estate property.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstatePropertyOneMember" xlink:to="label_RealEstatePropertyOneMember_1" xlink:title="Label : RealEstatePropertyOneMember to label_RealEstatePropertyOneMember_1" />
    <link:label xlink:type="resource" xlink:label="label_RealEstatePropertyOneMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RealEstatePropertyOneMember_2" xml:lang="en-US" id="label_RealEstatePropertyOneMember_2">Real Estate Property One [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstatePropertyOneMember" xlink:to="label_RealEstatePropertyOneMember_2" xlink:title="Label : RealEstatePropertyOneMember to label_RealEstatePropertyOneMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OtherAssetsIncludingVehiclesAndEquipmentMember" xlink:label="OtherAssetsIncludingVehiclesAndEquipmentMember" xlink:title="OtherAssetsIncludingVehiclesAndEquipmentMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherAssetsIncludingVehiclesAndEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherAssetsIncludingVehiclesAndEquipmentMember" xml:lang="en-US" id="label_OtherAssetsIncludingVehiclesAndEquipmentMember">Other assets including vehicles and equipment [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAssetsIncludingVehiclesAndEquipmentMember" xlink:to="label_OtherAssetsIncludingVehiclesAndEquipmentMember" xlink:title="Label : OtherAssetsIncludingVehiclesAndEquipmentMember to label_OtherAssetsIncludingVehiclesAndEquipmentMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherAssetsIncludingVehiclesAndEquipmentMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherAssetsIncludingVehiclesAndEquipmentMember_1" xml:lang="en-US" id="label_OtherAssetsIncludingVehiclesAndEquipmentMember_1">This member stands for the information pertaining to other assets including vehicles and equipment.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAssetsIncludingVehiclesAndEquipmentMember" xlink:to="label_OtherAssetsIncludingVehiclesAndEquipmentMember_1" xlink:title="Label : OtherAssetsIncludingVehiclesAndEquipmentMember to label_OtherAssetsIncludingVehiclesAndEquipmentMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherAssetsIncludingVehiclesAndEquipmentMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherAssetsIncludingVehiclesAndEquipmentMember_2" xml:lang="en-US" id="label_OtherAssetsIncludingVehiclesAndEquipmentMember_2">Other assets including vehicles and equipment [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAssetsIncludingVehiclesAndEquipmentMember" xlink:to="label_OtherAssetsIncludingVehiclesAndEquipmentMember_2" xlink:title="Label : OtherAssetsIncludingVehiclesAndEquipmentMember to label_OtherAssetsIncludingVehiclesAndEquipmentMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherAssetsMember" xlink:label="OtherAssetsMember" xlink:title="OtherAssetsMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherAssetsMember" xml:lang="en-US" id="label_OtherAssetsMember">Other receivables [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAssetsMember" xlink:to="label_OtherAssetsMember" xlink:title="Label : OtherAssetsMember to label_OtherAssetsMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherAssetsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherAssetsMember_1" xml:lang="en-US" id="label_OtherAssetsMember_1">Other assets [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAssetsMember" xlink:to="label_OtherAssetsMember_1" xlink:title="Label : OtherAssetsMember to label_OtherAssetsMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_MachineryMember" xlink:label="MachineryMember" xlink:title="MachineryMember" />
    <link:label xlink:type="resource" xlink:label="label_MachineryMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_MachineryMember" xml:lang="en-US" id="label_MachineryMember">Equipment [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MachineryMember" xlink:to="label_MachineryMember" xlink:title="Label : MachineryMember to label_MachineryMember" />
    <link:label xlink:type="resource" xlink:label="label_MachineryMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MachineryMember_1" xml:lang="en-US" id="label_MachineryMember_1">Machinery [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MachineryMember" xlink:to="label_MachineryMember_1" xlink:title="Label : MachineryMember to label_MachineryMember_1" />
    <link:label xlink:type="resource" xlink:label="label_MachineryMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MachineryMember_2" xml:lang="en-US" id="label_MachineryMember_2">Machinery [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MachineryMember" xlink:to="label_MachineryMember_2" xlink:title="Label : MachineryMember to label_MachineryMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_VehiclesMember" xlink:label="VehiclesMember" xlink:title="VehiclesMember" />
    <link:label xlink:type="resource" xlink:label="label_VehiclesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VehiclesMember" xml:lang="en-US" id="label_VehiclesMember">Vehicles [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VehiclesMember" xlink:to="label_VehiclesMember" xlink:title="Label : VehiclesMember to label_VehiclesMember" />
    <link:label xlink:type="resource" xlink:label="label_VehiclesMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VehiclesMember_1" xml:lang="en-US" id="label_VehiclesMember_1">Vehicles [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VehiclesMember" xlink:to="label_VehiclesMember_1" xlink:title="Label : VehiclesMember to label_VehiclesMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PortAreasMember" xlink:label="PortAreasMember" xlink:title="PortAreasMember" />
    <link:label xlink:type="resource" xlink:label="label_PortAreasMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PortAreasMember" xml:lang="en-US" id="label_PortAreasMember">Port Areas [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortAreasMember" xlink:to="label_PortAreasMember" xlink:title="Label : PortAreasMember to label_PortAreasMember" />
    <link:label xlink:type="resource" xlink:label="label_PortAreasMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PortAreasMember_1" xml:lang="en-US" id="label_PortAreasMember_1">This member stands for the information pertaining to Port area.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortAreasMember" xlink:to="label_PortAreasMember_1" xlink:title="Label : PortAreasMember to label_PortAreasMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_RealEstatePropertyMember" xlink:label="RealEstatePropertyMember" xlink:title="RealEstatePropertyMember" />
    <link:label xlink:type="resource" xlink:label="label_RealEstatePropertyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RealEstatePropertyMember" xml:lang="en-US" id="label_RealEstatePropertyMember">This member stands for the information pertaining to Real estate property.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstatePropertyMember" xlink:to="label_RealEstatePropertyMember" xlink:title="Label : RealEstatePropertyMember to label_RealEstatePropertyMember" />
    <link:label xlink:type="resource" xlink:label="label_RealEstatePropertyMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RealEstatePropertyMember_1" xml:lang="en-US" id="label_RealEstatePropertyMember_1">Real Estate Property [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstatePropertyMember" xlink:to="label_RealEstatePropertyMember_1" xlink:title="Label : RealEstatePropertyMember to label_RealEstatePropertyMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:label="ClassesOfPropertyPlantAndEquipmentAxis" xlink:title="ClassesOfPropertyPlantAndEquipmentAxis" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfPropertyPlantAndEquipmentAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ClassesOfPropertyPlantAndEquipmentAxis" xml:lang="en-US" id="label_ClassesOfPropertyPlantAndEquipmentAxis">Classes of property, plant and equipment [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfPropertyPlantAndEquipmentAxis" xlink:to="label_ClassesOfPropertyPlantAndEquipmentAxis" xlink:title="Label : ClassesOfPropertyPlantAndEquipmentAxis to label_ClassesOfPropertyPlantAndEquipmentAxis" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfPropertyPlantAndEquipmentAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfPropertyPlantAndEquipmentAxis_1" xml:lang="en-US" id="label_ClassesOfPropertyPlantAndEquipmentAxis_1">Classes of property, plant and equipment [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfPropertyPlantAndEquipmentAxis" xlink:to="label_ClassesOfPropertyPlantAndEquipmentAxis_1" xlink:title="Label : ClassesOfPropertyPlantAndEquipmentAxis to label_ClassesOfPropertyPlantAndEquipmentAxis_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RightofuseAssetsMember" xlink:label="RightofuseAssetsMember" xlink:title="RightofuseAssetsMember" />
    <link:label xlink:type="resource" xlink:label="label_RightofuseAssetsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_RightofuseAssetsMember" xml:lang="en-US" id="label_RightofuseAssetsMember">Right-of-use assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightofuseAssetsMember" xlink:to="label_RightofuseAssetsMember" xlink:title="Label : RightofuseAssetsMember to label_RightofuseAssetsMember" />
    <link:label xlink:type="resource" xlink:label="label_RightofuseAssetsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RightofuseAssetsMember_1" xml:lang="en-US" id="label_RightofuseAssetsMember_1">Right-of-use assets [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightofuseAssetsMember" xlink:to="label_RightofuseAssetsMember_1" xlink:title="Label : RightofuseAssetsMember to label_RightofuseAssetsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_RightofuseAssetsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RightofuseAssetsMember_2" xml:lang="en-US" id="label_RightofuseAssetsMember_2">Right-of-use assets [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightofuseAssetsMember" xlink:to="label_RightofuseAssetsMember_2" xlink:title="Label : RightofuseAssetsMember to label_RightofuseAssetsMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfAssetsDomain" xlink:label="ClassesOfAssetsDomain" xlink:title="ClassesOfAssetsDomain" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfAssetsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfAssetsDomain" xml:lang="en-US" id="label_ClassesOfAssetsDomain">Classes of assets [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfAssetsDomain" xlink:to="label_ClassesOfAssetsDomain" xlink:title="Label : ClassesOfAssetsDomain to label_ClassesOfAssetsDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfAssetsAxis" xlink:label="ClassesOfAssetsAxis" xlink:title="ClassesOfAssetsAxis" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfAssetsAxis" xml:lang="en-US" id="label_ClassesOfAssetsAxis">Classes of assets [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfAssetsAxis" xlink:to="label_ClassesOfAssetsAxis" xlink:title="Label : ClassesOfAssetsAxis to label_ClassesOfAssetsAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:label="PercentageOfVotingEquityInterestsAcquired" xlink:title="PercentageOfVotingEquityInterestsAcquired" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfVotingEquityInterestsAcquired" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PercentageOfVotingEquityInterestsAcquired" xml:lang="en-US" id="label_PercentageOfVotingEquityInterestsAcquired">Percentage of voting equity interests acquired</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfVotingEquityInterestsAcquired" xlink:to="label_PercentageOfVotingEquityInterestsAcquired" xlink:title="Label : PercentageOfVotingEquityInterestsAcquired to label_PercentageOfVotingEquityInterestsAcquired" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfVotingEquityInterestsAcquired_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentageOfVotingEquityInterestsAcquired_1" xml:lang="en-US" id="label_PercentageOfVotingEquityInterestsAcquired_1">Percentage of equity interest acquired</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfVotingEquityInterestsAcquired" xlink:to="label_PercentageOfVotingEquityInterestsAcquired_1" xlink:title="Label : PercentageOfVotingEquityInterestsAcquired to label_PercentageOfVotingEquityInterestsAcquired_1" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfVotingEquityInterestsAcquired_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PercentageOfVotingEquityInterestsAcquired_2" xml:lang="en-US" id="label_PercentageOfVotingEquityInterestsAcquired_2">Percentage of voting equity interests acquired</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfVotingEquityInterestsAcquired" xlink:to="label_PercentageOfVotingEquityInterestsAcquired_2" xlink:title="Label : PercentageOfVotingEquityInterestsAcquired to label_PercentageOfVotingEquityInterestsAcquired_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_GainsLossesOnDisposalsOfInvestments" xlink:label="GainsLossesOnDisposalsOfInvestments" xlink:title="GainsLossesOnDisposalsOfInvestments" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnDisposalsOfInvestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainsLossesOnDisposalsOfInvestments" xml:lang="en-US" id="label_GainsLossesOnDisposalsOfInvestments">Gain (loss) on disposal of Conectcar</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnDisposalsOfInvestments" xlink:to="label_GainsLossesOnDisposalsOfInvestments" xlink:title="Label : GainsLossesOnDisposalsOfInvestments to label_GainsLossesOnDisposalsOfInvestments" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnDisposalsOfInvestments_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainsLossesOnDisposalsOfInvestments_1" xml:lang="en-US" id="label_GainsLossesOnDisposalsOfInvestments_1">Gains (losses) on disposals of investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnDisposalsOfInvestments" xlink:to="label_GainsLossesOnDisposalsOfInvestments_1" xlink:title="Label : GainsLossesOnDisposalsOfInvestments to label_GainsLossesOnDisposalsOfInvestments_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DecreaseThroughDispositionOfInvestmentInJointVentures" xlink:label="DecreaseThroughDispositionOfInvestmentInJointVentures" xlink:title="DecreaseThroughDispositionOfInvestmentInJointVentures" />
    <link:label xlink:type="resource" xlink:label="label_DecreaseThroughDispositionOfInvestmentInJointVentures" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DecreaseThroughDispositionOfInvestmentInJointVentures" xml:lang="en-US" id="label_DecreaseThroughDispositionOfInvestmentInJointVentures">Decrease through disposition of investment in joint ventures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseThroughDispositionOfInvestmentInJointVentures" xlink:to="label_DecreaseThroughDispositionOfInvestmentInJointVentures" xlink:title="Label : DecreaseThroughDispositionOfInvestmentInJointVentures to label_DecreaseThroughDispositionOfInvestmentInJointVentures" />
    <link:label xlink:type="resource" xlink:label="label_OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes_1" xml:lang="en-US" id="label_OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes_1">Income before financial result and income and social contribution taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" xlink:to="label_OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes_1" xlink:title="Label : OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes to label_OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes_1" />
    <link:label xlink:type="resource" xlink:label="label_DecreaseThroughDispositionOfInvestmentInJointVentures_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DecreaseThroughDispositionOfInvestmentInJointVentures_1" xml:lang="en-US" id="label_DecreaseThroughDispositionOfInvestmentInJointVentures_1">Disposition of investment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseThroughDispositionOfInvestmentInJointVentures" xlink:to="label_DecreaseThroughDispositionOfInvestmentInJointVentures_1" xlink:title="Label : DecreaseThroughDispositionOfInvestmentInJointVentures to label_DecreaseThroughDispositionOfInvestmentInJointVentures_1" />
    <link:label xlink:type="resource" xlink:label="label_DecreaseThroughDispositionOfInvestmentInJointVentures_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DecreaseThroughDispositionOfInvestmentInJointVentures_2" xml:lang="en-US" id="label_DecreaseThroughDispositionOfInvestmentInJointVentures_2">The decrease in investments in joint ventures resulting from disposition of investment.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseThroughDispositionOfInvestmentInJointVentures" xlink:to="label_DecreaseThroughDispositionOfInvestmentInJointVentures_2" xlink:title="Label : DecreaseThroughDispositionOfInvestmentInJointVentures to label_DecreaseThroughDispositionOfInvestmentInJointVentures_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SaleValueOfJointVenture" xlink:label="SaleValueOfJointVenture" xlink:title="SaleValueOfJointVenture" />
    <link:label xlink:type="resource" xlink:label="label_SaleValueOfJointVenture" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SaleValueOfJointVenture" xml:lang="en-US" id="label_SaleValueOfJointVenture">The amount of sale value of joint venture.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleValueOfJointVenture" xlink:to="label_SaleValueOfJointVenture" xlink:title="Label : SaleValueOfJointVenture to label_SaleValueOfJointVenture" />
    <link:label xlink:type="resource" xlink:label="label_SaleValueOfJointVenture_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SaleValueOfJointVenture_1" xml:lang="en-US" id="label_SaleValueOfJointVenture_1">Sale value of joint venture</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleValueOfJointVenture" xlink:to="label_SaleValueOfJointVenture_1" xlink:title="Label : SaleValueOfJointVenture to label_SaleValueOfJointVenture_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_RedecardSAMember" xlink:label="RedecardSAMember" xlink:title="RedecardSAMember" />
    <link:label xlink:type="resource" xlink:label="label_RedecardSAMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RedecardSAMember" xml:lang="en-US" id="label_RedecardSAMember">This member stands for the information pertaining to Redecard S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RedecardSAMember" xlink:to="label_RedecardSAMember" xlink:title="Label : RedecardSAMember to label_RedecardSAMember" />
    <link:label xlink:type="resource" xlink:label="label_RedecardSAMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RedecardSAMember_1" xml:lang="en-US" id="label_RedecardSAMember_1">Redecard S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RedecardSAMember" xlink:to="label_RedecardSAMember_1" xlink:title="Label : RedecardSAMember to label_RedecardSAMember_1" />
    <link:label xlink:type="resource" xlink:label="label_RedecardSAMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RedecardSAMember_2" xml:lang="en-US" id="label_RedecardSAMember_2">Redecard S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RedecardSAMember" xlink:to="label_RedecardSAMember_2" xlink:title="Label : RedecardSAMember to label_RedecardSAMember_2" />
    <link:label xlink:type="resource" xlink:label="label_DecreaseThroughProposedDividendsInvestmentsAccountedForUsingEquityMethod_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DecreaseThroughProposedDividendsInvestmentsAccountedForUsingEquityMethod_2" xml:lang="en-US" id="label_DecreaseThroughProposedDividendsInvestmentsAccountedForUsingEquityMethod_2">Proposed dividends</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseThroughProposedDividendsInvestmentsAccountedForUsingEquityMethod" xlink:to="label_DecreaseThroughProposedDividendsInvestmentsAccountedForUsingEquityMethod_2" xlink:title="Label : DecreaseThroughProposedDividendsInvestmentsAccountedForUsingEquityMethod to label_DecreaseThroughProposedDividendsInvestmentsAccountedForUsingEquityMethod_2" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughOtherReservesInvestmentsAccountedForUsingEquityMethod_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughOtherReservesInvestmentsAccountedForUsingEquityMethod_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughOtherReservesInvestmentsAccountedForUsingEquityMethod_2">Other reserves</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughOtherReservesInvestmentsAccountedForUsingEquityMethod" xlink:to="label_IncreaseDecreaseThroughOtherReservesInvestmentsAccountedForUsingEquityMethod_2" xlink:title="Label : IncreaseDecreaseThroughOtherReservesInvestmentsAccountedForUsingEquityMethod to label_IncreaseDecreaseThroughOtherReservesInvestmentsAccountedForUsingEquityMethod_2" />
    <link:label xlink:type="resource" xlink:label="label_OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes_2" xml:lang="en-US" id="label_OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes_2">Income (loss) before financial result and income and social contribution taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" xlink:to="label_OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes_2" xlink:title="Label : OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes to label_OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes_2" />
    <link:label xlink:type="resource" xlink:label="label_OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes_3" xml:lang="en-US" id="label_OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes_3">Operating income before financial income (expenses) and income and social contribution taxes.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes" xlink:to="label_OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes_3" xlink:title="Label : OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes to label_OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:label="ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:title="ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xml:lang="en-US" id="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod">Share of profit (loss) of associates and joint ventures accounted for using equity method</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:title="Label : ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod to label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_1" xml:lang="en-US" id="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_1">Share of profit (loss) of subsidiaries, joint ventures and associates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_1" xlink:title="Label : ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod to label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_1" />
    <link:label xlink:type="resource" xlink:label="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_2" xml:lang="en-US" id="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_2">Share of profit (loss) of subsidiaries, joint ventures and associates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_2" xlink:title="Label : ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod to label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_2" />
    <link:label xlink:type="resource" xlink:label="label_DecreaseThroughWriteOffInvestmentsAccountedForUsingEquityMethod_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DecreaseThroughWriteOffInvestmentsAccountedForUsingEquityMethod_2" xml:lang="en-US" id="label_DecreaseThroughWriteOffInvestmentsAccountedForUsingEquityMethod_2">Write-off of investment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseThroughWriteOffInvestmentsAccountedForUsingEquityMethod" xlink:to="label_DecreaseThroughWriteOffInvestmentsAccountedForUsingEquityMethod_2" xlink:title="Label : DecreaseThroughWriteOffInvestmentsAccountedForUsingEquityMethod to label_DecreaseThroughWriteOffInvestmentsAccountedForUsingEquityMethod_2" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughMovementsInDiscontinuedOperations_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughMovementsInDiscontinuedOperations_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughMovementsInDiscontinuedOperations_1">Increase Decrease Through Movements In Discontinued Operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughMovementsInDiscontinuedOperations" xlink:to="label_IncreaseDecreaseThroughMovementsInDiscontinuedOperations_1" xlink:title="Label : IncreaseDecreaseThroughMovementsInDiscontinuedOperations to label_IncreaseDecreaseThroughMovementsInDiscontinuedOperations_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughMovementsInDiscontinuedOperations_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughMovementsInDiscontinuedOperations_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughMovementsInDiscontinuedOperations_2">Movements in discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughMovementsInDiscontinuedOperations" xlink:to="label_IncreaseDecreaseThroughMovementsInDiscontinuedOperations_2" xlink:title="Label : IncreaseDecreaseThroughMovementsInDiscontinuedOperations to label_IncreaseDecreaseThroughMovementsInDiscontinuedOperations_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncreaseDecreaseThroughAcquisition" xlink:label="IncreaseDecreaseThroughAcquisition" xlink:title="IncreaseDecreaseThroughAcquisition" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughAcquisition" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseThroughAcquisition" xml:lang="en-US" id="label_IncreaseDecreaseThroughAcquisition">The increase (decrease) in investments accounted for using equity method resulting from acquisition.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughAcquisition" xlink:to="label_IncreaseDecreaseThroughAcquisition" xlink:title="Label : IncreaseDecreaseThroughAcquisition to label_IncreaseDecreaseThroughAcquisition" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughAcquisition_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughAcquisition_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughAcquisition_1">Acquisition of Subsidiary</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughAcquisition" xlink:to="label_IncreaseDecreaseThroughAcquisition_1" xlink:title="Label : IncreaseDecreaseThroughAcquisition to label_IncreaseDecreaseThroughAcquisition_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughAcquisition_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughAcquisition_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughAcquisition_2">Increase Decrease Through Acquisition</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughAcquisition" xlink:to="label_IncreaseDecreaseThroughAcquisition_2" xlink:title="Label : IncreaseDecreaseThroughAcquisition to label_IncreaseDecreaseThroughAcquisition_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncreaseDecreaseThroughRedemptionOfShares" xlink:label="IncreaseDecreaseThroughRedemptionOfShares" xlink:title="IncreaseDecreaseThroughRedemptionOfShares" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughRedemptionOfShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughRedemptionOfShares" xml:lang="en-US" id="label_IncreaseDecreaseThroughRedemptionOfShares">Increase Decrease Through Redemption Of Shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughRedemptionOfShares" xlink:to="label_IncreaseDecreaseThroughRedemptionOfShares" xlink:title="Label : IncreaseDecreaseThroughRedemptionOfShares to label_IncreaseDecreaseThroughRedemptionOfShares" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughRedemptionOfShares_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughRedemptionOfShares_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughRedemptionOfShares_1">Redemption of shares Ultragaz</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughRedemptionOfShares" xlink:to="label_IncreaseDecreaseThroughRedemptionOfShares_1" xlink:title="Label : IncreaseDecreaseThroughRedemptionOfShares to label_IncreaseDecreaseThroughRedemptionOfShares_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughRedemptionOfShares_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseThroughRedemptionOfShares_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughRedemptionOfShares_2">" The increase (decrease) in investments accounted for using equity method resulting from redemption of shares "</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughRedemptionOfShares" xlink:to="label_IncreaseDecreaseThroughRedemptionOfShares_2" xlink:title="Label : IncreaseDecreaseThroughRedemptionOfShares to label_IncreaseDecreaseThroughRedemptionOfShares_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncreaseDecreaseThroughMovements" xlink:label="IncreaseDecreaseThroughMovements" xlink:title="IncreaseDecreaseThroughMovements" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughMovements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughMovements" xml:lang="en-US" id="label_IncreaseDecreaseThroughMovements">Increase Decrease Through Movements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughMovements" xlink:to="label_IncreaseDecreaseThroughMovements" xlink:title="Label : IncreaseDecreaseThroughMovements to label_IncreaseDecreaseThroughMovements" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughMovements_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughMovements_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughMovements_1">Other movements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughMovements" xlink:to="label_IncreaseDecreaseThroughMovements_1" xlink:title="Label : IncreaseDecreaseThroughMovements to label_IncreaseDecreaseThroughMovements_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughMovements_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseThroughMovements_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughMovements_2">The increase (decrease) in investments accounted for using equity method resulting from other movements.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughMovements" xlink:to="label_IncreaseDecreaseThroughMovements_2" xlink:title="Label : IncreaseDecreaseThroughMovements to label_IncreaseDecreaseThroughMovements_2" />
    <link:label xlink:type="resource" xlink:label="label_DecreaseThroughCapitalDistributionInvestmentsAccountedForUsingEquityMethod_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DecreaseThroughCapitalDistributionInvestmentsAccountedForUsingEquityMethod_2" xml:lang="en-US" id="label_DecreaseThroughCapitalDistributionInvestmentsAccountedForUsingEquityMethod_2">Capital decrease in shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseThroughCapitalDistributionInvestmentsAccountedForUsingEquityMethod" xlink:to="label_DecreaseThroughCapitalDistributionInvestmentsAccountedForUsingEquityMethod_2" xlink:title="Label : DecreaseThroughCapitalDistributionInvestmentsAccountedForUsingEquityMethod to label_DecreaseThroughCapitalDistributionInvestmentsAccountedForUsingEquityMethod_2" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseThroughCapitalContributionInvestmentsAccountedForUsingEquityMethod_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseThroughCapitalContributionInvestmentsAccountedForUsingEquityMethod_2" xml:lang="en-US" id="label_IncreaseThroughCapitalContributionInvestmentsAccountedForUsingEquityMethod_2">Capital increase in cash</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseThroughCapitalContributionInvestmentsAccountedForUsingEquityMethod" xlink:to="label_IncreaseThroughCapitalContributionInvestmentsAccountedForUsingEquityMethod_2" xlink:title="Label : IncreaseThroughCapitalContributionInvestmentsAccountedForUsingEquityMethod to label_IncreaseThroughCapitalContributionInvestmentsAccountedForUsingEquityMethod_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DividendsReceived" xlink:label="DividendsReceived" xlink:title="DividendsReceived" />
    <link:label xlink:type="resource" xlink:label="label_DividendsReceived" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_DividendsReceived" xml:lang="en-US" id="label_DividendsReceived">Dividends</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsReceived" xlink:to="label_DividendsReceived" xlink:title="Label : DividendsReceived to label_DividendsReceived" />
    <link:label xlink:type="resource" xlink:label="label_DividendsReceived_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsReceived_1" xml:lang="en-US" id="label_DividendsReceived_1">Dividends received</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsReceived" xlink:to="label_DividendsReceived_1" xlink:title="Label : DividendsReceived to label_DividendsReceived_1" />
    <link:label xlink:type="resource" xlink:label="label_DividendsReceived_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DividendsReceived_2" xml:lang="en-US" id="label_DividendsReceived_2">Proposed dividends</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsReceived" xlink:to="label_DividendsReceived_2" xlink:title="Label : DividendsReceived to label_DividendsReceived_2" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughAccumulatedOtherComprehensiveIncome_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughAccumulatedOtherComprehensiveIncome_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughAccumulatedOtherComprehensiveIncome_1">Increase Decrease Through Accumulated Other Comprehensive Income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughAccumulatedOtherComprehensiveIncome" xlink:to="label_IncreaseDecreaseThroughAccumulatedOtherComprehensiveIncome_1" xlink:title="Label : IncreaseDecreaseThroughAccumulatedOtherComprehensiveIncome to label_IncreaseDecreaseThroughAccumulatedOtherComprehensiveIncome_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughAccumulatedOtherComprehensiveIncome_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughAccumulatedOtherComprehensiveIncome_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughAccumulatedOtherComprehensiveIncome_2">Accumulated other comprehensive income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughAccumulatedOtherComprehensiveIncome" xlink:to="label_IncreaseDecreaseThroughAccumulatedOtherComprehensiveIncome_2" xlink:title="Label : IncreaseDecreaseThroughAccumulatedOtherComprehensiveIncome to label_IncreaseDecreaseThroughAccumulatedOtherComprehensiveIncome_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CiaUltragazMember" xlink:label="CiaUltragazMember" xlink:title="CiaUltragazMember" />
    <link:label xlink:type="resource" xlink:label="label_CiaUltragazMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CiaUltragazMember" xml:lang="en-US" id="label_CiaUltragazMember">Cia Ultragaz [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CiaUltragazMember" xlink:to="label_CiaUltragazMember" xlink:title="Label : CiaUltragazMember to label_CiaUltragazMember" />
    <link:label xlink:type="resource" xlink:label="label_CiaUltragazMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CiaUltragazMember_1" xml:lang="en-US" id="label_CiaUltragazMember_1">Cia Ultragaz [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CiaUltragazMember" xlink:to="label_CiaUltragazMember_1" xlink:title="Label : CiaUltragazMember to label_CiaUltragazMember_1" />
    <link:label xlink:type="resource" xlink:label="label_CiaUltragazMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CiaUltragazMember_2" xml:lang="en-US" id="label_CiaUltragazMember_2">This member stands for the information pertaining to Cia Ultragaz.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CiaUltragazMember" xlink:to="label_CiaUltragazMember_2" xlink:title="Label : CiaUltragazMember to label_CiaUltragazMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_UltragazMember" xlink:label="UltragazMember" xlink:title="UltragazMember" />
    <link:label xlink:type="resource" xlink:label="label_UltragazMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UltragazMember" xml:lang="en-US" id="label_UltragazMember">This member stands for the information pertaining to Ultragaz.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltragazMember" xlink:to="label_UltragazMember" xlink:title="Label : UltragazMember to label_UltragazMember" />
    <link:label xlink:type="resource" xlink:label="label_UltragazMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UltragazMember_1" xml:lang="en-US" id="label_UltragazMember_1">Ultragaz [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltragazMember" xlink:to="label_UltragazMember_1" xlink:title="Label : UltragazMember to label_UltragazMember_1" />
    <link:label xlink:type="resource" xlink:label="label_UltragazMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UltragazMember_2" xml:lang="en-US" id="label_UltragazMember_2">Ultragaz [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltragazMember" xlink:to="label_UltragazMember_2" xlink:title="Label : UltragazMember to label_UltragazMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems" xlink:label="DisclosureOfSignificantInvestmentsInAssociatesLineItems" xlink:title="DisclosureOfSignificantInvestmentsInAssociatesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfSignificantInvestmentsInAssociatesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfSignificantInvestmentsInAssociatesLineItems" xml:lang="en-US" id="label_DisclosureOfSignificantInvestmentsInAssociatesLineItems">Disclosure of associates [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfSignificantInvestmentsInAssociatesLineItems" xlink:to="label_DisclosureOfSignificantInvestmentsInAssociatesLineItems" xlink:title="Label : DisclosureOfSignificantInvestmentsInAssociatesLineItems to label_DisclosureOfSignificantInvestmentsInAssociatesLineItems" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:label="DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:title="DisclosureOfSignificantInvestmentsInAssociatesTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfSignificantInvestmentsInAssociatesTable" xml:lang="en-US" id="label_DisclosureOfSignificantInvestmentsInAssociatesTable">Disclosure of associates [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:to="label_DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:title="Label : DisclosureOfSignificantInvestmentsInAssociatesTable to label_DisclosureOfSignificantInvestmentsInAssociatesTable" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfSharesOrUnitsHeld" xlink:label="NumberOfSharesOrUnitsHeld" xlink:title="NumberOfSharesOrUnitsHeld" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfSharesOrUnitsHeld" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfSharesOrUnitsHeld" xml:lang="en-US" id="label_NumberOfSharesOrUnitsHeld">Number of shares or units held</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesOrUnitsHeld" xlink:to="label_NumberOfSharesOrUnitsHeld" xlink:title="Label : NumberOfSharesOrUnitsHeld to label_NumberOfSharesOrUnitsHeld" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfSharesOrUnitsHeld_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfSharesOrUnitsHeld_1" xml:lang="en-US" id="label_NumberOfSharesOrUnitsHeld_1">Number of shares or units held</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesOrUnitsHeld" xlink:to="label_NumberOfSharesOrUnitsHeld_1" xlink:title="Label : NumberOfSharesOrUnitsHeld to label_NumberOfSharesOrUnitsHeld_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfSharesOrUnitsHeld_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfSharesOrUnitsHeld_2" xml:lang="en-US" id="label_NumberOfSharesOrUnitsHeld_2">The number of shares or units held by the reporting entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesOrUnitsHeld" xlink:to="label_NumberOfSharesOrUnitsHeld_2" xlink:title="Label : NumberOfSharesOrUnitsHeld to label_NumberOfSharesOrUnitsHeld_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NetFinancialIncomeAndIncomeAndSocialContributionTaxes" xlink:label="NetFinancialIncomeAndIncomeAndSocialContributionTaxes" xlink:title="NetFinancialIncomeAndIncomeAndSocialContributionTaxes" />
    <link:label xlink:type="resource" xlink:label="label_NetFinancialIncomeAndIncomeAndSocialContributionTaxes" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NetFinancialIncomeAndIncomeAndSocialContributionTaxes" xml:lang="en-US" id="label_NetFinancialIncomeAndIncomeAndSocialContributionTaxes">The amount of net financial income and income and social contribution taxes.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetFinancialIncomeAndIncomeAndSocialContributionTaxes" xlink:to="label_NetFinancialIncomeAndIncomeAndSocialContributionTaxes" xlink:title="Label : NetFinancialIncomeAndIncomeAndSocialContributionTaxes to label_NetFinancialIncomeAndIncomeAndSocialContributionTaxes" />
    <link:label xlink:type="resource" xlink:label="label_NetFinancialIncomeAndIncomeAndSocialContributionTaxes_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetFinancialIncomeAndIncomeAndSocialContributionTaxes_1" xml:lang="en-US" id="label_NetFinancialIncomeAndIncomeAndSocialContributionTaxes_1">Finance income (costs), income and social contribution taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetFinancialIncomeAndIncomeAndSocialContributionTaxes" xlink:to="label_NetFinancialIncomeAndIncomeAndSocialContributionTaxes_1" xlink:title="Label : NetFinancialIncomeAndIncomeAndSocialContributionTaxes to label_NetFinancialIncomeAndIncomeAndSocialContributionTaxes_1" />
    <link:label xlink:type="resource" xlink:label="label_NetFinancialIncomeAndIncomeAndSocialContributionTaxes_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetFinancialIncomeAndIncomeAndSocialContributionTaxes_2" xml:lang="en-US" id="label_NetFinancialIncomeAndIncomeAndSocialContributionTaxes_2">Net Financial income and income and social contribution taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetFinancialIncomeAndIncomeAndSocialContributionTaxes" xlink:to="label_NetFinancialIncomeAndIncomeAndSocialContributionTaxes_2" xlink:title="Label : NetFinancialIncomeAndIncomeAndSocialContributionTaxes to label_NetFinancialIncomeAndIncomeAndSocialContributionTaxes_2" />
    <link:label xlink:type="resource" xlink:label="label_NetFinancialIncomeAndIncomeAndSocialContributionTaxes_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NetFinancialIncomeAndIncomeAndSocialContributionTaxes_3" xml:lang="en-US" id="label_NetFinancialIncomeAndIncomeAndSocialContributionTaxes_3">Net finance income and income and social contribution taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetFinancialIncomeAndIncomeAndSocialContributionTaxes" xlink:to="label_NetFinancialIncomeAndIncomeAndSocialContributionTaxes_3" xlink:title="Label : NetFinancialIncomeAndIncomeAndSocialContributionTaxes to label_NetFinancialIncomeAndIncomeAndSocialContributionTaxes_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfJointVenturesLineItems" xlink:label="DisclosureOfJointVenturesLineItems" xlink:title="DisclosureOfJointVenturesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfJointVenturesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfJointVenturesLineItems" xml:lang="en-US" id="label_DisclosureOfJointVenturesLineItems">Disclosure of joint ventures [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfJointVenturesLineItems" xlink:to="label_DisclosureOfJointVenturesLineItems" xlink:title="Label : DisclosureOfJointVenturesLineItems to label_DisclosureOfJointVenturesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfJointVenturesLineItems_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfJointVenturesLineItems_1" xml:lang="en-US" id="label_DisclosureOfJointVenturesLineItems_1">Disclosure of joint ventures [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfJointVenturesLineItems" xlink:to="label_DisclosureOfJointVenturesLineItems_1" xlink:title="Label : DisclosureOfJointVenturesLineItems to label_DisclosureOfJointVenturesLineItems_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfJointVenturesTable" xlink:label="DisclosureOfJointVenturesTable" xlink:title="DisclosureOfJointVenturesTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfJointVenturesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfJointVenturesTable" xml:lang="en-US" id="label_DisclosureOfJointVenturesTable">Disclosure of joint ventures [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfJointVenturesTable" xlink:to="label_DisclosureOfJointVenturesTable" xlink:title="Label : DisclosureOfJointVenturesTable to label_DisclosureOfJointVenturesTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfJointVenturesTable_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfJointVenturesTable_1" xml:lang="en-US" id="label_DisclosureOfJointVenturesTable_1">Disclosure of joint ventures [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfJointVenturesTable" xlink:to="label_DisclosureOfJointVenturesTable_1" xlink:title="Label : DisclosureOfJointVenturesTable to label_DisclosureOfJointVenturesTable_1" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit_4" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit_4" xml:lang="en-US" id="label_InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit_4">Total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit" xlink:to="label_InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit_4" xlink:title="Label : InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit to label_InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit_4" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsAccountedForUsingEquityMethodProvisionForEquityDeficit_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_InvestmentsAccountedForUsingEquityMethodProvisionForEquityDeficit_2" xml:lang="en-US" id="label_InvestmentsAccountedForUsingEquityMethodProvisionForEquityDeficit_2">Total provision for equity deficit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsAccountedForUsingEquityMethodProvisionForEquityDeficit" xlink:to="label_InvestmentsAccountedForUsingEquityMethodProvisionForEquityDeficit_2" xlink:title="Label : InvestmentsAccountedForUsingEquityMethodProvisionForEquityDeficit to label_InvestmentsAccountedForUsingEquityMethodProvisionForEquityDeficit_2" />
    <link:label xlink:type="resource" xlink:label="label_GoodwillRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel" xlink:title="label_GoodwillRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_GoodwillRecognisedAsOfAcquisitionDate_1">Goodwill on the transaction</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GoodwillRecognisedAsOfAcquisitionDate" xlink:to="label_GoodwillRecognisedAsOfAcquisitionDate_1" xlink:title="Label : GoodwillRecognisedAsOfAcquisitionDate to label_GoodwillRecognisedAsOfAcquisitionDate_1" />
    <link:label xlink:type="resource" xlink:label="label_GoodwillRecognisedAsOfAcquisitionDate_2" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_GoodwillRecognisedAsOfAcquisitionDate_2" xml:lang="en-US" id="label_GoodwillRecognisedAsOfAcquisitionDate_2">Goodwill on investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GoodwillRecognisedAsOfAcquisitionDate" xlink:to="label_GoodwillRecognisedAsOfAcquisitionDate_2" xlink:title="Label : GoodwillRecognisedAsOfAcquisitionDate to label_GoodwillRecognisedAsOfAcquisitionDate_2" />
    <link:label xlink:type="resource" xlink:label="label_GoodwillRecognisedAsOfAcquisitionDate_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GoodwillRecognisedAsOfAcquisitionDate_3" xml:lang="en-US" id="label_GoodwillRecognisedAsOfAcquisitionDate_3">Goodwill recognised as of acquisition date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GoodwillRecognisedAsOfAcquisitionDate" xlink:to="label_GoodwillRecognisedAsOfAcquisitionDate_3" xlink:title="Label : GoodwillRecognisedAsOfAcquisitionDate to label_GoodwillRecognisedAsOfAcquisitionDate_3" />
    <link:label xlink:type="resource" xlink:label="label_GoodwillRecognisedAsOfAcquisitionDate_4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GoodwillRecognisedAsOfAcquisitionDate_4" xml:lang="en-US" id="label_GoodwillRecognisedAsOfAcquisitionDate_4">Goodwill based on expected future profitability</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GoodwillRecognisedAsOfAcquisitionDate" xlink:to="label_GoodwillRecognisedAsOfAcquisitionDate_4" xlink:title="Label : GoodwillRecognisedAsOfAcquisitionDate to label_GoodwillRecognisedAsOfAcquisitionDate_4" />
    <link:label xlink:type="resource" xlink:label="label_GoodwillRecognisedAsOfAcquisitionDate_5" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_GoodwillRecognisedAsOfAcquisitionDate_5" xml:lang="en-US" id="label_GoodwillRecognisedAsOfAcquisitionDate_5">Provisional goodwill on acquisition</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GoodwillRecognisedAsOfAcquisitionDate" xlink:to="label_GoodwillRecognisedAsOfAcquisitionDate_5" xlink:title="Label : GoodwillRecognisedAsOfAcquisitionDate to label_GoodwillRecognisedAsOfAcquisitionDate_5" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsWithEquityDeficitAccountedForUsingEquityMethod_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InvestmentsWithEquityDeficitAccountedForUsingEquityMethod_1" xml:lang="en-US" id="label_InvestmentsWithEquityDeficitAccountedForUsingEquityMethod_1">Investments with negative equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsWithEquityDeficitAccountedForUsingEquityMethod" xlink:to="label_InvestmentsWithEquityDeficitAccountedForUsingEquityMethod_1" xlink:title="Label : InvestmentsWithEquityDeficitAccountedForUsingEquityMethod to label_InvestmentsWithEquityDeficitAccountedForUsingEquityMethod_1" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsWithEquityDeficitAccountedForUsingEquityMethod_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentsWithEquityDeficitAccountedForUsingEquityMethod_2" xml:lang="en-US" id="label_InvestmentsWithEquityDeficitAccountedForUsingEquityMethod_2">Investments with equity deficit accounted for using equity method</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsWithEquityDeficitAccountedForUsingEquityMethod" xlink:to="label_InvestmentsWithEquityDeficitAccountedForUsingEquityMethod_2" xlink:title="Label : InvestmentsWithEquityDeficitAccountedForUsingEquityMethod to label_InvestmentsWithEquityDeficitAccountedForUsingEquityMethod_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:label="ProportionOfOwnershipInterestInAssociate" xlink:title="ProportionOfOwnershipInterestInAssociate" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfOwnershipInterestInAssociate" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ProportionOfOwnershipInterestInAssociate" xml:lang="en-US" id="label_ProportionOfOwnershipInterestInAssociate">Percentage of ownership interests held</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfOwnershipInterestInAssociate" xlink:to="label_ProportionOfOwnershipInterestInAssociate" xlink:title="Label : ProportionOfOwnershipInterestInAssociate to label_ProportionOfOwnershipInterestInAssociate" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfOwnershipInterestInAssociate_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProportionOfOwnershipInterestInAssociate_1" xml:lang="en-US" id="label_ProportionOfOwnershipInterestInAssociate_1">Proportion of ownership interest in associate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfOwnershipInterestInAssociate" xlink:to="label_ProportionOfOwnershipInterestInAssociate_1" xlink:title="Label : ProportionOfOwnershipInterestInAssociate to label_ProportionOfOwnershipInterestInAssociate_1" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfOwnershipInterestInAssociate_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProportionOfOwnershipInterestInAssociate_2" xml:lang="en-US" id="label_ProportionOfOwnershipInterestInAssociate_2">Interest in share capital - % in associates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfOwnershipInterestInAssociate" xlink:to="label_ProportionOfOwnershipInterestInAssociate_2" xlink:title="Label : ProportionOfOwnershipInterestInAssociate to label_ProportionOfOwnershipInterestInAssociate_2" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfOwnershipInterestInJointVenture_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProportionOfOwnershipInterestInJointVenture_1" xml:lang="en-US" id="label_ProportionOfOwnershipInterestInJointVenture_1">Interest in share capital - % in joint ventures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfOwnershipInterestInJointVenture" xlink:to="label_ProportionOfOwnershipInterestInJointVenture_1" xlink:title="Label : ProportionOfOwnershipInterestInJointVenture to label_ProportionOfOwnershipInterestInJointVenture_1" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfOwnershipInterestInJointVenture_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ProportionOfOwnershipInterestInJointVenture_2" xml:lang="en-US" id="label_ProportionOfOwnershipInterestInJointVenture_2">Proportion of interest in share capital and voting rights held by non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfOwnershipInterestInJointVenture" xlink:to="label_ProportionOfOwnershipInterestInJointVenture_2" xlink:title="Label : ProportionOfOwnershipInterestInJointVenture to label_ProportionOfOwnershipInterestInJointVenture_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfInvestmentsAccountedForUsingEquityMethodLineItems" xlink:label="DisclosureOfInvestmentsAccountedForUsingEquityMethodLineItems" xlink:title="DisclosureOfInvestmentsAccountedForUsingEquityMethodLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfInvestmentsAccountedForUsingEquityMethodLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfInvestmentsAccountedForUsingEquityMethodLineItems" xml:lang="en-US" id="label_DisclosureOfInvestmentsAccountedForUsingEquityMethodLineItems">Disclosure of investments accounted for using equity method [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfInvestmentsAccountedForUsingEquityMethodLineItems" xlink:to="label_DisclosureOfInvestmentsAccountedForUsingEquityMethodLineItems" xlink:title="Label : DisclosureOfInvestmentsAccountedForUsingEquityMethodLineItems to label_DisclosureOfInvestmentsAccountedForUsingEquityMethodLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfInvestmentsAccountedForUsingEquityMethodLineItems_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfInvestmentsAccountedForUsingEquityMethodLineItems_1" xml:lang="en-US" id="label_DisclosureOfInvestmentsAccountedForUsingEquityMethodLineItems_1">Disclosure of investments accounted for using equity method [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfInvestmentsAccountedForUsingEquityMethodLineItems" xlink:to="label_DisclosureOfInvestmentsAccountedForUsingEquityMethodLineItems_1" xlink:title="Label : DisclosureOfInvestmentsAccountedForUsingEquityMethodLineItems to label_DisclosureOfInvestmentsAccountedForUsingEquityMethodLineItems_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PlenogasDistribuidoraDeGasMember" xlink:label="PlenogasDistribuidoraDeGasMember" xlink:title="PlenogasDistribuidoraDeGasMember" />
    <link:label xlink:type="resource" xlink:label="label_PlenogasDistribuidoraDeGasMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PlenogasDistribuidoraDeGasMember" xml:lang="en-US" id="label_PlenogasDistribuidoraDeGasMember">This member stands for the information pertaining to Plenog&#xE1;s Distribuidora de G&#xE1;s S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PlenogasDistribuidoraDeGasMember" xlink:to="label_PlenogasDistribuidoraDeGasMember" xlink:title="Label : PlenogasDistribuidoraDeGasMember to label_PlenogasDistribuidoraDeGasMember" />
    <link:label xlink:type="resource" xlink:label="label_PlenogasDistribuidoraDeGasMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PlenogasDistribuidoraDeGasMember_1" xml:lang="en-US" id="label_PlenogasDistribuidoraDeGasMember_1">Plenogas distribuidora de gas [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PlenogasDistribuidoraDeGasMember" xlink:to="label_PlenogasDistribuidoraDeGasMember_1" xlink:title="Label : PlenogasDistribuidoraDeGasMember to label_PlenogasDistribuidoraDeGasMember_1" />
    <link:label xlink:type="resource" xlink:label="label_PlenogasDistribuidoraDeGasMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PlenogasDistribuidoraDeGasMember_2" xml:lang="en-US" id="label_PlenogasDistribuidoraDeGasMember_2">Plenogas distribuidora de gas [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PlenogasDistribuidoraDeGasMember" xlink:to="label_PlenogasDistribuidoraDeGasMember_2" xlink:title="Label : PlenogasDistribuidoraDeGasMember to label_PlenogasDistribuidoraDeGasMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MetalurgicaPlusMember" xlink:label="MetalurgicaPlusMember" xlink:title="MetalurgicaPlusMember" />
    <link:label xlink:type="resource" xlink:label="label_MetalurgicaPlusMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MetalurgicaPlusMember" xml:lang="en-US" id="label_MetalurgicaPlusMember">This member stands for the information pertaining to Metal&#xFA;rgica Plus S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MetalurgicaPlusMember" xlink:to="label_MetalurgicaPlusMember" xlink:title="Label : MetalurgicaPlusMember to label_MetalurgicaPlusMember" />
    <link:label xlink:type="resource" xlink:label="label_MetalurgicaPlusMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MetalurgicaPlusMember_1" xml:lang="en-US" id="label_MetalurgicaPlusMember_1">Metalurgica plus [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MetalurgicaPlusMember" xlink:to="label_MetalurgicaPlusMember_1" xlink:title="Label : MetalurgicaPlusMember to label_MetalurgicaPlusMember_1" />
    <link:label xlink:type="resource" xlink:label="label_MetalurgicaPlusMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MetalurgicaPlusMember_2" xml:lang="en-US" id="label_MetalurgicaPlusMember_2">Metalurgica plus [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MetalurgicaPlusMember" xlink:to="label_MetalurgicaPlusMember_2" xlink:title="Label : MetalurgicaPlusMember to label_MetalurgicaPlusMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TransportadoraSulbrasileiraDeGasMember" xlink:label="TransportadoraSulbrasileiraDeGasMember" xlink:title="TransportadoraSulbrasileiraDeGasMember" />
    <link:label xlink:type="resource" xlink:label="label_TransportadoraSulbrasileiraDeGasMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TransportadoraSulbrasileiraDeGasMember" xml:lang="en-US" id="label_TransportadoraSulbrasileiraDeGasMember">This member stands for the information pertaining to Transportadora Sulbrasileira de G&#xE1;s S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransportadoraSulbrasileiraDeGasMember" xlink:to="label_TransportadoraSulbrasileiraDeGasMember" xlink:title="Label : TransportadoraSulbrasileiraDeGasMember to label_TransportadoraSulbrasileiraDeGasMember" />
    <link:label xlink:type="resource" xlink:label="label_TransportadoraSulbrasileiraDeGasMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TransportadoraSulbrasileiraDeGasMember_1" xml:lang="en-US" id="label_TransportadoraSulbrasileiraDeGasMember_1">Transportadora sulbrasileira de gas [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransportadoraSulbrasileiraDeGasMember" xlink:to="label_TransportadoraSulbrasileiraDeGasMember_1" xlink:title="Label : TransportadoraSulbrasileiraDeGasMember to label_TransportadoraSulbrasileiraDeGasMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TransportadoraSulbrasileiraDeGasMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TransportadoraSulbrasileiraDeGasMember_2" xml:lang="en-US" id="label_TransportadoraSulbrasileiraDeGasMember_2">Transportadora sulbrasileira de gas [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransportadoraSulbrasileiraDeGasMember" xlink:to="label_TransportadoraSulbrasileiraDeGasMember_2" xlink:title="Label : TransportadoraSulbrasileiraDeGasMember to label_TransportadoraSulbrasileiraDeGasMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AssociatesMember" xlink:label="AssociatesMember" xlink:title="AssociatesMember" />
    <link:label xlink:type="resource" xlink:label="label_AssociatesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssociatesMember" xml:lang="en-US" id="label_AssociatesMember">Associates [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssociatesMember" xlink:to="label_AssociatesMember" xlink:title="Label : AssociatesMember to label_AssociatesMember" />
    <link:label xlink:type="resource" xlink:label="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_3" xml:lang="en-US" id="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_3">Total share of profit (loss) of subsidiaries, joint ventures and associates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_3" xlink:title="Label : ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod to label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SignificantInvestmentsInAssociatesDomain" xlink:label="SignificantInvestmentsInAssociatesDomain" xlink:title="SignificantInvestmentsInAssociatesDomain" />
    <link:label xlink:type="resource" xlink:label="label_SignificantInvestmentsInAssociatesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SignificantInvestmentsInAssociatesDomain" xml:lang="en-US" id="label_SignificantInvestmentsInAssociatesDomain">Associates [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SignificantInvestmentsInAssociatesDomain" xlink:to="label_SignificantInvestmentsInAssociatesDomain" xlink:title="Label : SignificantInvestmentsInAssociatesDomain to label_SignificantInvestmentsInAssociatesDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:label="SignificantInvestmentsInAssociatesAxis" xlink:title="SignificantInvestmentsInAssociatesAxis" />
    <link:label xlink:type="resource" xlink:label="label_SignificantInvestmentsInAssociatesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SignificantInvestmentsInAssociatesAxis" xml:lang="en-US" id="label_SignificantInvestmentsInAssociatesAxis">Associates [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SignificantInvestmentsInAssociatesAxis" xlink:to="label_SignificantInvestmentsInAssociatesAxis" xlink:title="Label : SignificantInvestmentsInAssociatesAxis to label_SignificantInvestmentsInAssociatesAxis" />
    <link:label xlink:type="resource" xlink:label="label_SignificantInvestmentsInAssociatesAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SignificantInvestmentsInAssociatesAxis_1" xml:lang="en-US" id="label_SignificantInvestmentsInAssociatesAxis_1">Associates [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SignificantInvestmentsInAssociatesAxis" xlink:to="label_SignificantInvestmentsInAssociatesAxis_1" xlink:title="Label : SignificantInvestmentsInAssociatesAxis to label_SignificantInvestmentsInAssociatesAxis_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ConnectCarMember" xlink:label="ConnectCarMember" xlink:title="ConnectCarMember" />
    <link:label xlink:type="resource" xlink:label="label_ConnectCarMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConnectCarMember" xml:lang="en-US" id="label_ConnectCarMember">Connect car [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConnectCarMember" xlink:to="label_ConnectCarMember" xlink:title="Label : ConnectCarMember to label_ConnectCarMember" />
    <link:label xlink:type="resource" xlink:label="label_ConnectCarMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConnectCarMember_1" xml:lang="en-US" id="label_ConnectCarMember_1">Connect car [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConnectCarMember" xlink:to="label_ConnectCarMember_1" xlink:title="Label : ConnectCarMember to label_ConnectCarMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ConnectCarMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ConnectCarMember_2" xml:lang="en-US" id="label_ConnectCarMember_2">This member stands for the information pertaining to Connect Car.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConnectCarMember" xlink:to="label_ConnectCarMember_2" xlink:title="Label : ConnectCarMember to label_ConnectCarMember_2" />
    <link:label xlink:type="resource" xlink:label="label_ConnectCarMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ConnectCarMember_3" xml:lang="en-US" id="label_ConnectCarMember_3">ConectCar Solu&#xE7;&#xF5;es de Mobilidade Eletr&#xF4;nica S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConnectCarMember" xlink:to="label_ConnectCarMember_3" xlink:title="Label : ConnectCarMember to label_ConnectCarMember_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OtherInvestmentMember" xlink:label="OtherInvestmentMember" xlink:title="OtherInvestmentMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OtherInvestmentMember" xml:lang="en-US" id="label_OtherInvestmentMember">Other investiments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestmentMember" xlink:to="label_OtherInvestmentMember" xlink:title="Label : OtherInvestmentMember to label_OtherInvestmentMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestmentMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherInvestmentMember_1" xml:lang="en-US" id="label_OtherInvestmentMember_1">Other investment [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestmentMember" xlink:to="label_OtherInvestmentMember_1" xlink:title="Label : OtherInvestmentMember to label_OtherInvestmentMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestmentMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherInvestmentMember_2" xml:lang="en-US" id="label_OtherInvestmentMember_2">This member stands for the information pertaining to &#x201C;Other investments&#x201D;.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestmentMember" xlink:to="label_OtherInvestmentMember_2" xlink:title="Label : OtherInvestmentMember to label_OtherInvestmentMember_2" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestmentMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherInvestmentMember_3" xml:lang="en-US" id="label_OtherInvestmentMember_3">Other investments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestmentMember" xlink:to="label_OtherInvestmentMember_3" xlink:title="Label : OtherInvestmentMember to label_OtherInvestmentMember_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TerminalDeCombustiveisPauliniaSAOplaMember" xlink:label="TerminalDeCombustiveisPauliniaSAOplaMember" xlink:title="TerminalDeCombustiveisPauliniaSAOplaMember" />
    <link:label xlink:type="resource" xlink:label="label_TerminalDeCombustiveisPauliniaSAOplaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TerminalDeCombustiveisPauliniaSAOplaMember" xml:lang="en-US" id="label_TerminalDeCombustiveisPauliniaSAOplaMember">Represents Terminal de Combust&#xED;veis Paul&#xED;nia S.A. ("Opla").</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TerminalDeCombustiveisPauliniaSAOplaMember" xlink:to="label_TerminalDeCombustiveisPauliniaSAOplaMember" xlink:title="Label : TerminalDeCombustiveisPauliniaSAOplaMember to label_TerminalDeCombustiveisPauliniaSAOplaMember" />
    <link:label xlink:type="resource" xlink:label="label_TerminalDeCombustiveisPauliniaSAOplaMember_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_TerminalDeCombustiveisPauliniaSAOplaMember_1" xml:lang="en-US" id="label_TerminalDeCombustiveisPauliniaSAOplaMember_1">Opla</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TerminalDeCombustiveisPauliniaSAOplaMember" xlink:to="label_TerminalDeCombustiveisPauliniaSAOplaMember_1" xlink:title="Label : TerminalDeCombustiveisPauliniaSAOplaMember to label_TerminalDeCombustiveisPauliniaSAOplaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TerminalDeCombustiveisPauliniaSAOplaMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TerminalDeCombustiveisPauliniaSAOplaMember_2" xml:lang="en-US" id="label_TerminalDeCombustiveisPauliniaSAOplaMember_2">Terminal de Combust&#xED;veis Paul&#xED;nia S.A. ("Opla")</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TerminalDeCombustiveisPauliniaSAOplaMember" xlink:to="label_TerminalDeCombustiveisPauliniaSAOplaMember_2" xlink:title="Label : TerminalDeCombustiveisPauliniaSAOplaMember to label_TerminalDeCombustiveisPauliniaSAOplaMember_2" />
    <link:label xlink:type="resource" xlink:label="label_TerminalDeCombustiveisPauliniaSAOplaMember_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TerminalDeCombustiveisPauliniaSAOplaMember_3" xml:lang="en-US" id="label_TerminalDeCombustiveisPauliniaSAOplaMember_3">Terminal De Combustiveis Paulinia SA Opla Member</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TerminalDeCombustiveisPauliniaSAOplaMember" xlink:to="label_TerminalDeCombustiveisPauliniaSAOplaMember_3" xlink:title="Label : TerminalDeCombustiveisPauliniaSAOplaMember to label_TerminalDeCombustiveisPauliniaSAOplaMember_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NordesteLogsticaIIMember" xlink:label="NordesteLogsticaIIMember" xlink:title="NordesteLogsticaIIMember" />
    <link:label xlink:type="resource" xlink:label="label_NordesteLogsticaIIMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NordesteLogsticaIIMember" xml:lang="en-US" id="label_NordesteLogsticaIIMember">Nordeste Logstica II [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NordesteLogsticaIIMember" xlink:to="label_NordesteLogsticaIIMember" xlink:title="Label : NordesteLogsticaIIMember to label_NordesteLogsticaIIMember" />
    <link:label xlink:type="resource" xlink:label="label_NordesteLogsticaIIMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NordesteLogsticaIIMember_1" xml:lang="en-US" id="label_NordesteLogsticaIIMember_1">This member stands for the information pertaining to Nordeste Log&#xED;stica II.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NordesteLogsticaIIMember" xlink:to="label_NordesteLogsticaIIMember_1" xlink:title="Label : NordesteLogsticaIIMember to label_NordesteLogsticaIIMember_1" />
    <link:label xlink:type="resource" xlink:label="label_NordesteLogsticaIIMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NordesteLogsticaIIMember_2" xml:lang="en-US" id="label_NordesteLogsticaIIMember_2">Nordeste Log&#xED;stica II [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NordesteLogsticaIIMember" xlink:to="label_NordesteLogsticaIIMember_2" xlink:title="Label : NordesteLogsticaIIMember to label_NordesteLogsticaIIMember_2" />
    <link:label xlink:type="resource" xlink:label="label_NordesteLogsticaIIMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NordesteLogsticaIIMember_3" xml:lang="en-US" id="label_NordesteLogsticaIIMember_3">Nordeste Log&#xED;stica II S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NordesteLogsticaIIMember" xlink:to="label_NordesteLogsticaIIMember_3" xlink:title="Label : NordesteLogsticaIIMember to label_NordesteLogsticaIIMember_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" xlink:label="OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" xlink:title="OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" />
    <link:label xlink:type="resource" xlink:label="label_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" xml:lang="en-US" id="label_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates">Operating income before financial income (expenses) and share of profit (loss) of joint ventures and associates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" xlink:to="label_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" xlink:title="Label : OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates to label_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NavegantesLogsticaMember" xlink:label="NavegantesLogsticaMember" xlink:title="NavegantesLogsticaMember" />
    <link:label xlink:type="resource" xlink:label="label_NavegantesLogsticaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NavegantesLogsticaMember" xml:lang="en-US" id="label_NavegantesLogsticaMember">Navegantes Logstica [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NavegantesLogsticaMember" xlink:to="label_NavegantesLogsticaMember" xlink:title="Label : NavegantesLogsticaMember to label_NavegantesLogsticaMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NavegantesLogsticaMember" xlink:to="label_NavegantesLogsticaMember_2" xlink:title="Label : NavegantesLogsticaMember to label_NavegantesLogsticaMember_2" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_RPRMember" xlink:label="RPRMember" xlink:title="RPRMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RPRMember" xlink:to="label_RPRMember_3" xlink:title="Label : RPRMember to label_RPRMember_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_UniaoVopakMember" xlink:label="UniaoVopakMember" xlink:title="UniaoVopakMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UniaoVopakMember" xlink:to="label_UniaoVopakMember_2" xlink:title="Label : UniaoVopakMember to label_UniaoVopakMember_2" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_JointVenturesMember" xlink:label="JointVenturesMember" xlink:title="JointVenturesMember" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_JointVenturesDomain" xlink:label="JointVenturesDomain" xlink:title="JointVenturesDomain" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JointVenturesDomain" xlink:to="label_JointVenturesDomain" xlink:title="Label : JointVenturesDomain to label_JointVenturesDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_JointVenturesAxis" xlink:label="JointVenturesAxis" xlink:title="JointVenturesAxis" />
    <link:label xlink:type="resource" xlink:label="label_JointVenturesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_JointVenturesAxis" xml:lang="en-US" id="label_JointVenturesAxis">Joint ventures [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JointVenturesAxis" xlink:to="label_JointVenturesAxis" xlink:title="Label : JointVenturesAxis to label_JointVenturesAxis" />
    <link:label xlink:type="resource" xlink:label="label_JointVenturesAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_JointVenturesAxis_1" xml:lang="en-US" id="label_JointVenturesAxis_1">Joint ventures [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JointVenturesAxis" xlink:to="label_JointVenturesAxis_1" xlink:title="Label : JointVenturesAxis to label_JointVenturesAxis_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InvestmentsWithNegativeEquityMember" xlink:label="InvestmentsWithNegativeEquityMember" xlink:title="InvestmentsWithNegativeEquityMember" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsWithNegativeEquityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentsWithNegativeEquityMember" xml:lang="en-US" id="label_InvestmentsWithNegativeEquityMember">Investments with negative equity [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsWithNegativeEquityMember" xlink:to="label_InvestmentsWithNegativeEquityMember" xlink:title="Label : InvestmentsWithNegativeEquityMember to label_InvestmentsWithNegativeEquityMember" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsWithNegativeEquityMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InvestmentsWithNegativeEquityMember_1" xml:lang="en-US" id="label_InvestmentsWithNegativeEquityMember_1">This member stands for the information pertaining to &#x201C;Investments with negative equity&#x201D;.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsWithNegativeEquityMember" xlink:to="label_InvestmentsWithNegativeEquityMember_1" xlink:title="Label : InvestmentsWithNegativeEquityMember to label_InvestmentsWithNegativeEquityMember_1" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsWithNegativeEquityMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InvestmentsWithNegativeEquityMember_2" xml:lang="en-US" id="label_InvestmentsWithNegativeEquityMember_2">Investments with negative equity [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsWithNegativeEquityMember" xlink:to="label_InvestmentsWithNegativeEquityMember_2" xlink:title="Label : InvestmentsWithNegativeEquityMember to label_InvestmentsWithNegativeEquityMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InvestmentsWithPositiveEquityMember" xlink:label="InvestmentsWithPositiveEquityMember" xlink:title="InvestmentsWithPositiveEquityMember" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsWithPositiveEquityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentsWithPositiveEquityMember" xml:lang="en-US" id="label_InvestmentsWithPositiveEquityMember">Investments with positive equity [member]</link:label>
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    <link:label xlink:type="resource" xlink:label="label_InvestmentsWithPositiveEquityMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InvestmentsWithPositiveEquityMember_1" xml:lang="en-US" id="label_InvestmentsWithPositiveEquityMember_1">This member stands for the information pertaining to &#x201C;Investments with positive equity&#x201D;.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsWithPositiveEquityMember" xlink:to="label_InvestmentsWithPositiveEquityMember_1" xlink:title="Label : InvestmentsWithPositiveEquityMember to label_InvestmentsWithPositiveEquityMember_1" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsWithPositiveEquityMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InvestmentsWithPositiveEquityMember_2" xml:lang="en-US" id="label_InvestmentsWithPositiveEquityMember_2">Investments with positive equity [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsWithPositiveEquityMember" xlink:to="label_InvestmentsWithPositiveEquityMember_2" xlink:title="Label : InvestmentsWithPositiveEquityMember to label_InvestmentsWithPositiveEquityMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InvestmentsAccountedForUsingEquityMethodDomain" xlink:label="InvestmentsAccountedForUsingEquityMethodDomain" xlink:title="InvestmentsAccountedForUsingEquityMethodDomain" />
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    <link:label xlink:type="resource" xlink:label="label_InvestmentsAccountedForUsingEquityMethodDomain_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InvestmentsAccountedForUsingEquityMethodDomain_1" xml:lang="en-US" id="label_InvestmentsAccountedForUsingEquityMethodDomain_1">The name for the particular investments accounted for using equity method.</link:label>
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DecreaseThroughTransferOfContractAssets" xlink:label="DecreaseThroughTransferOfContractAssets" xlink:title="DecreaseThroughTransferOfContractAssets" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseThroughImpairmentContractAssets" xlink:to="label_DecreaseThroughImpairmentContractAssets" xlink:title="Label : DecreaseThroughImpairmentContractAssets to label_DecreaseThroughImpairmentContractAssets" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ContractAssets" xlink:label="ContractAssets" xlink:title="ContractAssets" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContractAssets" xlink:to="label_ContractAssets" xlink:title="Label : ContractAssets to label_ContractAssets" />
    <link:label xlink:type="resource" xlink:label="label_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates_1" xml:lang="en-US" id="label_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates_1">Operating income before share of profit (loss) of subsidiaries, joint ventures and associates, financial result and income and social contribution taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" xlink:to="label_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates_1" xlink:title="Label : OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates to label_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates_1" />
    <link:label xlink:type="resource" xlink:label="label_ContractAssets_1" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_ContractAssets_1" xml:lang="en-US" id="label_ContractAssets_1">Initial balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContractAssets" xlink:to="label_ContractAssets_1" xlink:title="Label : ContractAssets to label_ContractAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_ContractAssets_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContractAssets_2" xml:lang="en-US" id="label_ContractAssets_2">Contract assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContractAssets" xlink:to="label_ContractAssets_2" xlink:title="Label : ContractAssets to label_ContractAssets_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_Prepayments" xlink:label="Prepayments" xlink:title="Prepayments" />
    <link:label xlink:type="resource" xlink:label="label_Prepayments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Prepayments" xml:lang="en-US" id="label_Prepayments">Prepayments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Prepayments" xlink:to="label_Prepayments" xlink:title="Label : Prepayments to label_Prepayments" />
    <link:label xlink:type="resource" xlink:label="label_Prepayments_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_Prepayments_1" xml:lang="en-US" id="label_Prepayments_1">Prepaid expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Prepayments" xlink:to="label_Prepayments_1" xlink:title="Label : Prepayments to label_Prepayments_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OtherPrepaidExpenses" xlink:label="OtherPrepaidExpenses" xlink:title="OtherPrepaidExpenses" />
    <link:label xlink:type="resource" xlink:label="label_OtherPrepaidExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherPrepaidExpenses" xml:lang="en-US" id="label_OtherPrepaidExpenses">Other Prepaid Expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherPrepaidExpenses" xlink:to="label_OtherPrepaidExpenses" xlink:title="Label : OtherPrepaidExpenses to label_OtherPrepaidExpenses" />
    <link:label xlink:type="resource" xlink:label="label_OtherPrepaidExpenses_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherPrepaidExpenses_1" xml:lang="en-US" id="label_OtherPrepaidExpenses_1">Other prepaid expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherPrepaidExpenses" xlink:to="label_OtherPrepaidExpenses_1" xlink:title="Label : OtherPrepaidExpenses to label_OtherPrepaidExpenses_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherPrepaidExpenses_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherPrepaidExpenses_2" xml:lang="en-US" id="label_OtherPrepaidExpenses_2">The amount of other receivables that represent amounts paid for goods and services before they have been delivered.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherPrepaidExpenses" xlink:to="label_OtherPrepaidExpenses_2" xlink:title="Label : OtherPrepaidExpenses to label_OtherPrepaidExpenses_2" />
    <link:label xlink:type="resource" xlink:label="label_PrepaidContributionOfPrivatePensionFundExpense_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PrepaidContributionOfPrivatePensionFundExpense_1" xml:lang="en-US" id="label_PrepaidContributionOfPrivatePensionFundExpense_1">Prepaid Contribution of Private Pension Fund Expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidContributionOfPrivatePensionFundExpense" xlink:to="label_PrepaidContributionOfPrivatePensionFundExpense_1" xlink:title="Label : PrepaidContributionOfPrivatePensionFundExpense to label_PrepaidContributionOfPrivatePensionFundExpense_1" />
    <link:label xlink:type="resource" xlink:label="label_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates_2" xml:lang="en-US" id="label_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates_2">Total of Operating income before financial income or expenses and share of profit or loss of joint ventures and associate.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" xlink:to="label_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates_2" xlink:title="Label : OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates to label_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates_2" />
    <link:label xlink:type="resource" xlink:label="label_PrepaidContributionOfPrivatePensionFundExpense_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PrepaidContributionOfPrivatePensionFundExpense_2" xml:lang="en-US" id="label_PrepaidContributionOfPrivatePensionFundExpense_2">Contribution - private pension fund (see Note 21.a)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidContributionOfPrivatePensionFundExpense" xlink:to="label_PrepaidContributionOfPrivatePensionFundExpense_2" xlink:title="Label : PrepaidContributionOfPrivatePensionFundExpense to label_PrepaidContributionOfPrivatePensionFundExpense_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PrepaidTaxOtherThanIncomeTaxExpense" xlink:label="PrepaidTaxOtherThanIncomeTaxExpense" xlink:title="PrepaidTaxOtherThanIncomeTaxExpense" />
    <link:label xlink:type="resource" xlink:label="label_PrepaidTaxOtherThanIncomeTaxExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PrepaidTaxOtherThanIncomeTaxExpense" xml:lang="en-US" id="label_PrepaidTaxOtherThanIncomeTaxExpense">The amount recognized as an asset for tax other than income tax expense made prior to the period when the economic benefit will be realised.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidTaxOtherThanIncomeTaxExpense" xlink:to="label_PrepaidTaxOtherThanIncomeTaxExpense" xlink:title="Label : PrepaidTaxOtherThanIncomeTaxExpense to label_PrepaidTaxOtherThanIncomeTaxExpense" />
    <link:label xlink:type="resource" xlink:label="label_PrepaidTaxOtherThanIncomeTaxExpense_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PrepaidTaxOtherThanIncomeTaxExpense_1" xml:lang="en-US" id="label_PrepaidTaxOtherThanIncomeTaxExpense_1">IPVA and IPTU</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidTaxOtherThanIncomeTaxExpense" xlink:to="label_PrepaidTaxOtherThanIncomeTaxExpense_1" xlink:title="Label : PrepaidTaxOtherThanIncomeTaxExpense to label_PrepaidTaxOtherThanIncomeTaxExpense_1" />
    <link:label xlink:type="resource" xlink:label="label_PrepaidTaxOtherThanIncomeTaxExpense_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PrepaidTaxOtherThanIncomeTaxExpense_2" xml:lang="en-US" id="label_PrepaidTaxOtherThanIncomeTaxExpense_2">Prepaid Tax Other than Income Tax Expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidTaxOtherThanIncomeTaxExpense" xlink:to="label_PrepaidTaxOtherThanIncomeTaxExpense_2" xlink:title="Label : PrepaidTaxOtherThanIncomeTaxExpense to label_PrepaidTaxOtherThanIncomeTaxExpense_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PrepaidEmployeeBenefitsExpense" xlink:label="PrepaidEmployeeBenefitsExpense" xlink:title="PrepaidEmployeeBenefitsExpense" />
    <link:label xlink:type="resource" xlink:label="label_PrepaidEmployeeBenefitsExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PrepaidEmployeeBenefitsExpense" xml:lang="en-US" id="label_PrepaidEmployeeBenefitsExpense">The amount recognized as an asset for employee benefits expense made prior to the period when the economic benefit will be realised.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidEmployeeBenefitsExpense" xlink:to="label_PrepaidEmployeeBenefitsExpense" xlink:title="Label : PrepaidEmployeeBenefitsExpense to label_PrepaidEmployeeBenefitsExpense" />
    <link:label xlink:type="resource" xlink:label="label_PrepaidEmployeeBenefitsExpense_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PrepaidEmployeeBenefitsExpense_1" xml:lang="en-US" id="label_PrepaidEmployeeBenefitsExpense_1">Employee benefits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidEmployeeBenefitsExpense" xlink:to="label_PrepaidEmployeeBenefitsExpense_1" xlink:title="Label : PrepaidEmployeeBenefitsExpense to label_PrepaidEmployeeBenefitsExpense_1" />
    <link:label xlink:type="resource" xlink:label="label_PrepaidEmployeeBenefitsExpense_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PrepaidEmployeeBenefitsExpense_2" xml:lang="en-US" id="label_PrepaidEmployeeBenefitsExpense_2">Prepaid Employee Benefits Expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidEmployeeBenefitsExpense" xlink:to="label_PrepaidEmployeeBenefitsExpense_2" xlink:title="Label : PrepaidEmployeeBenefitsExpense to label_PrepaidEmployeeBenefitsExpense_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PrepaidSoftwareMaintenanceExpense" xlink:label="PrepaidSoftwareMaintenanceExpense" xlink:title="PrepaidSoftwareMaintenanceExpense" />
    <link:label xlink:type="resource" xlink:label="label_PrepaidSoftwareMaintenanceExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PrepaidSoftwareMaintenanceExpense" xml:lang="en-US" id="label_PrepaidSoftwareMaintenanceExpense">Prepaid software maintenance expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidSoftwareMaintenanceExpense" xlink:to="label_PrepaidSoftwareMaintenanceExpense" xlink:title="Label : PrepaidSoftwareMaintenanceExpense to label_PrepaidSoftwareMaintenanceExpense" />
    <link:label xlink:type="resource" xlink:label="label_PrepaidSoftwareMaintenanceExpense_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PrepaidSoftwareMaintenanceExpense_1" xml:lang="en-US" id="label_PrepaidSoftwareMaintenanceExpense_1">Software maintenance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidSoftwareMaintenanceExpense" xlink:to="label_PrepaidSoftwareMaintenanceExpense_1" xlink:title="Label : PrepaidSoftwareMaintenanceExpense to label_PrepaidSoftwareMaintenanceExpense_1" />
    <link:label xlink:type="resource" xlink:label="label_PrepaidSoftwareMaintenanceExpense_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PrepaidSoftwareMaintenanceExpense_2" xml:lang="en-US" id="label_PrepaidSoftwareMaintenanceExpense_2">The amount of Software maintenance recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidSoftwareMaintenanceExpense" xlink:to="label_PrepaidSoftwareMaintenanceExpense_2" xlink:title="Label : PrepaidSoftwareMaintenanceExpense to label_PrepaidSoftwareMaintenanceExpense_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PrepaidInsuranceExpense" xlink:label="PrepaidInsuranceExpense" xlink:title="PrepaidInsuranceExpense" />
    <link:label xlink:type="resource" xlink:label="label_PrepaidInsuranceExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PrepaidInsuranceExpense" xml:lang="en-US" id="label_PrepaidInsuranceExpense">The amount of Insurance premiums recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidInsuranceExpense" xlink:to="label_PrepaidInsuranceExpense" xlink:title="Label : PrepaidInsuranceExpense to label_PrepaidInsuranceExpense" />
    <link:label xlink:type="resource" xlink:label="label_PrepaidInsuranceExpense_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PrepaidInsuranceExpense_1" xml:lang="en-US" id="label_PrepaidInsuranceExpense_1">Insurance premiums</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidInsuranceExpense" xlink:to="label_PrepaidInsuranceExpense_1" xlink:title="Label : PrepaidInsuranceExpense to label_PrepaidInsuranceExpense_1" />
    <link:label xlink:type="resource" xlink:label="label_PrepaidInsuranceExpense_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PrepaidInsuranceExpense_2" xml:lang="en-US" id="label_PrepaidInsuranceExpense_2">Prepaid insurance expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidInsuranceExpense" xlink:to="label_PrepaidInsuranceExpense_2" xlink:title="Label : PrepaidInsuranceExpense to label_PrepaidInsuranceExpense_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PrepaidDeferredStockPlanExpense" xlink:label="PrepaidDeferredStockPlanExpense" xlink:title="PrepaidDeferredStockPlanExpense" />
    <link:label xlink:type="resource" xlink:label="label_PrepaidDeferredStockPlanExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PrepaidDeferredStockPlanExpense" xml:lang="en-US" id="label_PrepaidDeferredStockPlanExpense">The amount of net deferred stock plan recognized as a current asset for expenditures made prior to the period when the economic benefit will be realised.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidDeferredStockPlanExpense" xlink:to="label_PrepaidDeferredStockPlanExpense" xlink:title="Label : PrepaidDeferredStockPlanExpense to label_PrepaidDeferredStockPlanExpense" />
    <link:label xlink:type="resource" xlink:label="label_PrepaidDeferredStockPlanExpense_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PrepaidDeferredStockPlanExpense_1" xml:lang="en-US" id="label_PrepaidDeferredStockPlanExpense_1">Deferred stock plan, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidDeferredStockPlanExpense" xlink:to="label_PrepaidDeferredStockPlanExpense_1" xlink:title="Label : PrepaidDeferredStockPlanExpense to label_PrepaidDeferredStockPlanExpense_1" />
    <link:label xlink:type="resource" xlink:label="label_PrepaidDeferredStockPlanExpense_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PrepaidDeferredStockPlanExpense_2" xml:lang="en-US" id="label_PrepaidDeferredStockPlanExpense_2">Prepaid deferred stock plan expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidDeferredStockPlanExpense" xlink:to="label_PrepaidDeferredStockPlanExpense_2" xlink:title="Label : PrepaidDeferredStockPlanExpense to label_PrepaidDeferredStockPlanExpense_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PrepaidAdvertisingExpense" xlink:label="PrepaidAdvertisingExpense" xlink:title="PrepaidAdvertisingExpense" />
    <link:label xlink:type="resource" xlink:label="label_PrepaidAdvertisingExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PrepaidAdvertisingExpense" xml:lang="en-US" id="label_PrepaidAdvertisingExpense">The amount of Advertising and publicity recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidAdvertisingExpense" xlink:to="label_PrepaidAdvertisingExpense" xlink:title="Label : PrepaidAdvertisingExpense to label_PrepaidAdvertisingExpense" />
    <link:label xlink:type="resource" xlink:label="label_PrepaidAdvertisingExpense_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PrepaidAdvertisingExpense_1" xml:lang="en-US" id="label_PrepaidAdvertisingExpense_1">Advertising and publicity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidAdvertisingExpense" xlink:to="label_PrepaidAdvertisingExpense_1" xlink:title="Label : PrepaidAdvertisingExpense to label_PrepaidAdvertisingExpense_1" />
    <link:label xlink:type="resource" xlink:label="label_PrepaidAdvertisingExpense_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PrepaidAdvertisingExpense_2" xml:lang="en-US" id="label_PrepaidAdvertisingExpense_2">Prepaid advertising expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidAdvertisingExpense" xlink:to="label_PrepaidAdvertisingExpense_2" xlink:title="Label : PrepaidAdvertisingExpense to label_PrepaidAdvertisingExpense_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PrepaidRentExpense" xlink:label="PrepaidRentExpense" xlink:title="PrepaidRentExpense" />
    <link:label xlink:type="resource" xlink:label="label_PrepaidRentExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PrepaidRentExpense" xml:lang="en-US" id="label_PrepaidRentExpense">The amount of Rent recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidRentExpense" xlink:to="label_PrepaidRentExpense" xlink:title="Label : PrepaidRentExpense to label_PrepaidRentExpense" />
    <link:label xlink:type="resource" xlink:label="label_PrepaidRentExpense_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PrepaidRentExpense_1" xml:lang="en-US" id="label_PrepaidRentExpense_1">Rents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidRentExpense" xlink:to="label_PrepaidRentExpense_1" xlink:title="Label : PrepaidRentExpense to label_PrepaidRentExpense_1" />
    <link:label xlink:type="resource" xlink:label="label_PrepaidRentExpense_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PrepaidRentExpense_2" xml:lang="en-US" id="label_PrepaidRentExpense_2">Prepaid rent expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidRentExpense" xlink:to="label_PrepaidRentExpense_2" xlink:title="Label : PrepaidRentExpense to label_PrepaidRentExpense_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncomeTaxBenefitRelatedToAssetsHeldForSale" xlink:label="IncomeTaxBenefitRelatedToAssetsHeldForSale" xlink:title="IncomeTaxBenefitRelatedToAssetsHeldForSale" />
    <link:label xlink:type="resource" xlink:label="label_IncomeTaxBenefitRelatedToAssetsHeldForSale" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncomeTaxBenefitRelatedToAssetsHeldForSale" xml:lang="en-US" id="label_IncomeTaxBenefitRelatedToAssetsHeldForSale">The amount of income tax benefit related to assets held for sale.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxBenefitRelatedToAssetsHeldForSale" xlink:to="label_IncomeTaxBenefitRelatedToAssetsHeldForSale" xlink:title="Label : IncomeTaxBenefitRelatedToAssetsHeldForSale to label_IncomeTaxBenefitRelatedToAssetsHeldForSale" />
    <link:label xlink:type="resource" xlink:label="label_IncomeTaxBenefitRelatedToAssetsHeldForSale_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncomeTaxBenefitRelatedToAssetsHeldForSale_1" xml:lang="en-US" id="label_IncomeTaxBenefitRelatedToAssetsHeldForSale_1">Income tax benefit related to assets held for sale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxBenefitRelatedToAssetsHeldForSale" xlink:to="label_IncomeTaxBenefitRelatedToAssetsHeldForSale_1" xlink:title="Label : IncomeTaxBenefitRelatedToAssetsHeldForSale to label_IncomeTaxBenefitRelatedToAssetsHeldForSale_1" />
    <link:label xlink:type="resource" xlink:label="label_IncomeTaxBenefitRelatedToAssetsHeldForSale_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeTaxBenefitRelatedToAssetsHeldForSale_2" xml:lang="en-US" id="label_IncomeTaxBenefitRelatedToAssetsHeldForSale_2">Income Tax Benefit, Related to Assets Held for Sale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxBenefitRelatedToAssetsHeldForSale" xlink:to="label_IncomeTaxBenefitRelatedToAssetsHeldForSale_2" xlink:title="Label : IncomeTaxBenefitRelatedToAssetsHeldForSale to label_IncomeTaxBenefitRelatedToAssetsHeldForSale_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OxitenoSAOleoquimicaAndEmcaMember" xlink:label="OxitenoSAOleoquimicaAndEmcaMember" xlink:title="OxitenoSAOleoquimicaAndEmcaMember" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoSAOleoquimicaAndEmcaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OxitenoSAOleoquimicaAndEmcaMember" xml:lang="en-US" id="label_OxitenoSAOleoquimicaAndEmcaMember">This member stands for the information pertaining to Oxiteno S.A., Oleoqu&#xED;mica and EMCA.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoSAOleoquimicaAndEmcaMember" xlink:to="label_OxitenoSAOleoquimicaAndEmcaMember" xlink:title="Label : OxitenoSAOleoquimicaAndEmcaMember to label_OxitenoSAOleoquimicaAndEmcaMember" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoSAOleoquimicaAndEmcaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OxitenoSAOleoquimicaAndEmcaMember_1" xml:lang="en-US" id="label_OxitenoSAOleoquimicaAndEmcaMember_1">Oxiteno S.A., Oleoqu&#xED;mica and EMCA [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoSAOleoquimicaAndEmcaMember" xlink:to="label_OxitenoSAOleoquimicaAndEmcaMember_1" xlink:title="Label : OxitenoSAOleoquimicaAndEmcaMember to label_OxitenoSAOleoquimicaAndEmcaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoSAOleoquimicaAndEmcaMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OxitenoSAOleoquimicaAndEmcaMember_2" xml:lang="en-US" id="label_OxitenoSAOleoquimicaAndEmcaMember_2">Oxiteno S A Oleoqu&#xED;mica and Emca [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoSAOleoquimicaAndEmcaMember" xlink:to="label_OxitenoSAOleoquimicaAndEmcaMember_2" xlink:title="Label : OxitenoSAOleoquimicaAndEmcaMember to label_OxitenoSAOleoquimicaAndEmcaMember_2" />
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    <link:label xlink:type="resource" xlink:label="label_ExtrafarmaOxitenoSAOleoquimicaAndEmcaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExtrafarmaOxitenoSAOleoquimicaAndEmcaMember" xml:lang="en-US" id="label_ExtrafarmaOxitenoSAOleoquimicaAndEmcaMember">Extrafarma, Oxiteno S.A., Oleoquimica and EMCA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtrafarmaOxitenoSAOleoquimicaAndEmcaMember" xlink:to="label_ExtrafarmaOxitenoSAOleoquimicaAndEmcaMember" xlink:title="Label : ExtrafarmaOxitenoSAOleoquimicaAndEmcaMember to label_ExtrafarmaOxitenoSAOleoquimicaAndEmcaMember" />
    <link:label xlink:type="resource" xlink:label="label_ExtrafarmaOxitenoSAOleoquimicaAndEmcaMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ExtrafarmaOxitenoSAOleoquimicaAndEmcaMember_1" xml:lang="en-US" id="label_ExtrafarmaOxitenoSAOleoquimicaAndEmcaMember_1">This member stands for the information pertaining to Extrafarma, Oxiteno S.A., Oleoquimica and EMCA.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtrafarmaOxitenoSAOleoquimicaAndEmcaMember" xlink:to="label_ExtrafarmaOxitenoSAOleoquimicaAndEmcaMember_1" xlink:title="Label : ExtrafarmaOxitenoSAOleoquimicaAndEmcaMember to label_ExtrafarmaOxitenoSAOleoquimicaAndEmcaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ExtrafarmaOxitenoSAOleoquimicaAndEmcaMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExtrafarmaOxitenoSAOleoquimicaAndEmcaMember_2" xml:lang="en-US" id="label_ExtrafarmaOxitenoSAOleoquimicaAndEmcaMember_2">Extrafarma, Oxiteno S.A., Oleoquimica and EMCA [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtrafarmaOxitenoSAOleoquimicaAndEmcaMember" xlink:to="label_ExtrafarmaOxitenoSAOleoquimicaAndEmcaMember_2" xlink:title="Label : ExtrafarmaOxitenoSAOleoquimicaAndEmcaMember to label_ExtrafarmaOxitenoSAOleoquimicaAndEmcaMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OxitenoSaMember" xlink:label="OxitenoSaMember" xlink:title="OxitenoSaMember" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoSaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OxitenoSaMember" xml:lang="en-US" id="label_OxitenoSaMember">This member stands for the information pertaining to Oxiteno S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoSaMember" xlink:to="label_OxitenoSaMember" xlink:title="Label : OxitenoSaMember to label_OxitenoSaMember" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoSaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OxitenoSaMember_1" xml:lang="en-US" id="label_OxitenoSaMember_1">Oxiteno S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoSaMember" xlink:to="label_OxitenoSaMember_1" xlink:title="Label : OxitenoSaMember to label_OxitenoSaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoSaMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OxitenoSaMember_2" xml:lang="en-US" id="label_OxitenoSaMember_2">Oxiteno SA [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoSaMember" xlink:to="label_OxitenoSaMember_2" xlink:title="Label : OxitenoSaMember to label_OxitenoSaMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OnshoreMember" xlink:label="OnshoreMember" xlink:title="OnshoreMember" />
    <link:label xlink:type="resource" xlink:label="label_OnshoreMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OnshoreMember" xml:lang="en-US" id="label_OnshoreMember">Onshore [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OnshoreMember" xlink:to="label_OnshoreMember" xlink:title="Label : OnshoreMember to label_OnshoreMember" />
    <link:label xlink:type="resource" xlink:label="label_OnshoreMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OnshoreMember_1" xml:lang="en-US" id="label_OnshoreMember_1">Onshore [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OnshoreMember" xlink:to="label_OnshoreMember_1" xlink:title="Label : OnshoreMember to label_OnshoreMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OnshoreMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OnshoreMember_2" xml:lang="en-US" id="label_OnshoreMember_2">This member stands for the information pertaining to Onshore.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OnshoreMember" xlink:to="label_OnshoreMember_2" xlink:title="Label : OnshoreMember to label_OnshoreMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OffshoreMember" xlink:label="OffshoreMember" xlink:title="OffshoreMember" />
    <link:label xlink:type="resource" xlink:label="label_OffshoreMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OffshoreMember" xml:lang="en-US" id="label_OffshoreMember">Offshore [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffshoreMember" xlink:to="label_OffshoreMember" xlink:title="Label : OffshoreMember to label_OffshoreMember" />
    <link:label xlink:type="resource" xlink:label="label_OffshoreMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OffshoreMember_1" xml:lang="en-US" id="label_OffshoreMember_1">Offshore [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffshoreMember" xlink:to="label_OffshoreMember_1" xlink:title="Label : OffshoreMember to label_OffshoreMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OffshoreMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OffshoreMember_2" xml:lang="en-US" id="label_OffshoreMember_2">This member stands for the information pertaining to Offshore.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffshoreMember" xlink:to="label_OffshoreMember_2" xlink:title="Label : OffshoreMember to label_OffshoreMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_GeographicalAreasDomain" xlink:label="GeographicalAreasDomain" xlink:title="GeographicalAreasDomain" />
    <link:label xlink:type="resource" xlink:label="label_GeographicalAreasDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GeographicalAreasDomain" xml:lang="en-US" id="label_GeographicalAreasDomain">Geographical areas [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeographicalAreasDomain" xlink:to="label_GeographicalAreasDomain" xlink:title="Label : GeographicalAreasDomain to label_GeographicalAreasDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_GeographicalAreasAxis" xlink:label="GeographicalAreasAxis" xlink:title="GeographicalAreasAxis" />
    <link:label xlink:type="resource" xlink:label="label_GeographicalAreasAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GeographicalAreasAxis" xml:lang="en-US" id="label_GeographicalAreasAxis">Geographical areas [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeographicalAreasAxis" xlink:to="label_GeographicalAreasAxis" xlink:title="Label : GeographicalAreasAxis to label_GeographicalAreasAxis" />
    <link:label xlink:type="resource" xlink:label="label_GeographicalAreasAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GeographicalAreasAxis_1" xml:lang="en-US" id="label_GeographicalAreasAxis_1">Geographical areas [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeographicalAreasAxis" xlink:to="label_GeographicalAreasAxis_1" xlink:title="Label : GeographicalAreasAxis to label_GeographicalAreasAxis_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OtherSubsidiariesMember" xlink:label="OtherSubsidiariesMember" xlink:title="OtherSubsidiariesMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherSubsidiariesMember" xml:lang="en-US" id="label_OtherSubsidiariesMember">Other subsidiaries [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherSubsidiariesMember" xlink:to="label_OtherSubsidiariesMember" xlink:title="Label : OtherSubsidiariesMember to label_OtherSubsidiariesMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherSubsidiariesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherSubsidiariesMember_1" xml:lang="en-US" id="label_OtherSubsidiariesMember_1">This member stands for the information pertaining to &#x201C;Other subsidiaries&#x201D;.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherSubsidiariesMember" xlink:to="label_OtherSubsidiariesMember_1" xlink:title="Label : OtherSubsidiariesMember to label_OtherSubsidiariesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherSubsidiariesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherSubsidiariesMember_2" xml:lang="en-US" id="label_OtherSubsidiariesMember_2">Others [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherSubsidiariesMember" xlink:to="label_OtherSubsidiariesMember_2" xlink:title="Label : OtherSubsidiariesMember to label_OtherSubsidiariesMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MillenniumMember" xlink:label="MillenniumMember" xlink:title="MillenniumMember" />
    <link:label xlink:type="resource" xlink:label="label_MillenniumMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MillenniumMember" xml:lang="en-US" id="label_MillenniumMember">Millennium [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MillenniumMember" xlink:to="label_MillenniumMember" xlink:title="Label : MillenniumMember to label_MillenniumMember" />
    <link:label xlink:type="resource" xlink:label="label_MillenniumMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MillenniumMember_1" xml:lang="en-US" id="label_MillenniumMember_1">Millennium [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MillenniumMember" xlink:to="label_MillenniumMember_1" xlink:title="Label : MillenniumMember to label_MillenniumMember_1" />
    <link:label xlink:type="resource" xlink:label="label_MillenniumMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MillenniumMember_2" xml:lang="en-US" id="label_MillenniumMember_2">This member stands for the information pertaining to Millennium.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MillenniumMember" xlink:to="label_MillenniumMember_2" xlink:title="Label : MillenniumMember to label_MillenniumMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IntegraFrotasMember" xlink:label="IntegraFrotasMember" xlink:title="IntegraFrotasMember" />
    <link:label xlink:type="resource" xlink:label="label_IntegraFrotasMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IntegraFrotasMember" xml:lang="en-US" id="label_IntegraFrotasMember">Integra Frotas [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntegraFrotasMember" xlink:to="label_IntegraFrotasMember" xlink:title="Label : IntegraFrotasMember to label_IntegraFrotasMember" />
    <link:label xlink:type="resource" xlink:label="label_IntegraFrotasMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IntegraFrotasMember_1" xml:lang="en-US" id="label_IntegraFrotasMember_1">Integra Frotas [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntegraFrotasMember" xlink:to="label_IntegraFrotasMember_1" xlink:title="Label : IntegraFrotasMember to label_IntegraFrotasMember_1" />
    <link:label xlink:type="resource" xlink:label="label_IntegraFrotasMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IntegraFrotasMember_2" xml:lang="en-US" id="label_IntegraFrotasMember_2">This member stands for the information pertaining to Integra Frotas.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntegraFrotasMember" xlink:to="label_IntegraFrotasMember_2" xlink:title="Label : IntegraFrotasMember to label_IntegraFrotasMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_UltracargoMember" xlink:label="UltracargoMember" xlink:title="UltracargoMember" />
    <link:label xlink:type="resource" xlink:label="label_UltracargoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UltracargoMember" xml:lang="en-US" id="label_UltracargoMember">This member stands for the information pertaining to Ultracargo.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltracargoMember" xlink:to="label_UltracargoMember" xlink:title="Label : UltracargoMember to label_UltracargoMember" />
    <link:label xlink:type="resource" xlink:label="label_UltracargoMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UltracargoMember_1" xml:lang="en-US" id="label_UltracargoMember_1">Ultracargo Solu&#xE7;&#xF5;es Log&#xED;stica [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltracargoMember" xlink:to="label_UltracargoMember_1" xlink:title="Label : UltracargoMember to label_UltracargoMember_1" />
    <link:label xlink:type="resource" xlink:label="label_UltracargoMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UltracargoMember_2" xml:lang="en-US" id="label_UltracargoMember_2">Ultracargo [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltracargoMember" xlink:to="label_UltracargoMember_2" xlink:title="Label : UltracargoMember to label_UltracargoMember_2" />
    <link:label xlink:type="resource" xlink:label="label_UltracargoMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_UltracargoMember_3" xml:lang="en-US" id="label_UltracargoMember_3">Ultracargo [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltracargoMember" xlink:to="label_UltracargoMember_3" xlink:title="Label : UltracargoMember to label_UltracargoMember_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TequimarVilaDoCondeMember" xlink:label="TequimarVilaDoCondeMember" xlink:title="TequimarVilaDoCondeMember" />
    <link:label xlink:type="resource" xlink:label="label_TequimarVilaDoCondeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TequimarVilaDoCondeMember" xml:lang="en-US" id="label_TequimarVilaDoCondeMember">Tequimar Vila Do Conde [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TequimarVilaDoCondeMember" xlink:to="label_TequimarVilaDoCondeMember" xlink:title="Label : TequimarVilaDoCondeMember to label_TequimarVilaDoCondeMember" />
    <link:label xlink:type="resource" xlink:label="label_TequimarVilaDoCondeMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TequimarVilaDoCondeMember_1" xml:lang="en-US" id="label_TequimarVilaDoCondeMember_1">This member stands for the information pertaining to Tequimar Vila do Conde.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TequimarVilaDoCondeMember" xlink:to="label_TequimarVilaDoCondeMember_1" xlink:title="Label : TequimarVilaDoCondeMember to label_TequimarVilaDoCondeMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TequimarVilaDoCondeMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TequimarVilaDoCondeMember_2" xml:lang="en-US" id="label_TequimarVilaDoCondeMember_2">Tequimar Vila do Conde [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TequimarVilaDoCondeMember" xlink:to="label_TequimarVilaDoCondeMember_2" xlink:title="Label : TequimarVilaDoCondeMember to label_TequimarVilaDoCondeMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AbasteceAiMember" xlink:label="AbasteceAiMember" xlink:title="AbasteceAiMember" />
    <link:label xlink:type="resource" xlink:label="label_AbasteceAiMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AbasteceAiMember" xml:lang="en-US" id="label_AbasteceAiMember">Abastece Ai [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AbasteceAiMember" xlink:to="label_AbasteceAiMember" xlink:title="Label : AbasteceAiMember to label_AbasteceAiMember" />
    <link:label xlink:type="resource" xlink:label="label_AbasteceAiMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AbasteceAiMember_1" xml:lang="en-US" id="label_AbasteceAiMember_1">Abastece A&#xED; [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AbasteceAiMember" xlink:to="label_AbasteceAiMember_1" xlink:title="Label : AbasteceAiMember to label_AbasteceAiMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AbasteceAiMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AbasteceAiMember_2" xml:lang="en-US" id="label_AbasteceAiMember_2">This member stands for the information pertaining to Abastece Ai.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AbasteceAiMember" xlink:to="label_AbasteceAiMember_2" xlink:title="Label : AbasteceAiMember to label_AbasteceAiMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_UltraparMember" xlink:label="UltraparMember" xlink:title="UltraparMember" />
    <link:label xlink:type="resource" xlink:label="label_UltraparMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UltraparMember" xml:lang="en-US" id="label_UltraparMember">Ultrapar [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltraparMember" xlink:to="label_UltraparMember" xlink:title="Label : UltraparMember to label_UltraparMember" />
    <link:label xlink:type="resource" xlink:label="label_UltraparMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UltraparMember_1" xml:lang="en-US" id="label_UltraparMember_1">Ultrapar [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltraparMember" xlink:to="label_UltraparMember_1" xlink:title="Label : UltraparMember to label_UltraparMember_1" />
    <link:label xlink:type="resource" xlink:label="label_UltraparMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UltraparMember_2" xml:lang="en-US" id="label_UltraparMember_2">This member stands for the information pertaining to Ultrapar.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltraparMember" xlink:to="label_UltraparMember_2" xlink:title="Label : UltraparMember to label_UltraparMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ExpirationYear" xlink:label="ExpirationYear" xlink:title="ExpirationYear" />
    <link:label xlink:type="resource" xlink:label="label_ExpirationYear" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExpirationYear" xml:lang="en-US" id="label_ExpirationYear">Expiration year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpirationYear" xlink:to="label_ExpirationYear" xlink:title="Label : ExpirationYear to label_ExpirationYear" />
    <link:label xlink:type="resource" xlink:label="label_ExpirationYear_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExpirationYear_1" xml:lang="en-US" id="label_ExpirationYear_1">Expiration</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpirationYear" xlink:to="label_ExpirationYear_1" xlink:title="Label : ExpirationYear to label_ExpirationYear_1" />
    <link:label xlink:type="resource" xlink:label="label_ExpirationYear_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ExpirationYear_2" xml:lang="en-US" id="label_ExpirationYear_2">The expiration year of tax incentive.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpirationYear" xlink:to="label_ExpirationYear_2" xlink:title="Label : ExpirationYear to label_ExpirationYear_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncentivePercentage" xlink:label="IncentivePercentage" xlink:title="IncentivePercentage" />
    <link:label xlink:type="resource" xlink:label="label_IncentivePercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncentivePercentage" xml:lang="en-US" id="label_IncentivePercentage">Incentive percentage</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncentivePercentage" xlink:to="label_IncentivePercentage" xlink:title="Label : IncentivePercentage to label_IncentivePercentage" />
    <link:label xlink:type="resource" xlink:label="label_IncentivePercentage_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncentivePercentage_1" xml:lang="en-US" id="label_IncentivePercentage_1">Incentive - %</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncentivePercentage" xlink:to="label_IncentivePercentage_1" xlink:title="Label : IncentivePercentage to label_IncentivePercentage_1" />
    <link:label xlink:type="resource" xlink:label="label_IncentivePercentage_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncentivePercentage_2" xml:lang="en-US" id="label_IncentivePercentage_2">The percentage of tax incentive.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncentivePercentage" xlink:to="label_IncentivePercentage_2" xlink:title="Label : IncentivePercentage to label_IncentivePercentage_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_BusinessUnit" xlink:label="BusinessUnit" xlink:title="BusinessUnit" />
    <link:label xlink:type="resource" xlink:label="label_BusinessUnit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BusinessUnit" xml:lang="en-US" id="label_BusinessUnit">Business unit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessUnit" xlink:to="label_BusinessUnit" xlink:title="Label : BusinessUnit to label_BusinessUnit" />
    <link:label xlink:type="resource" xlink:label="label_BusinessUnit_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BusinessUnit_1" xml:lang="en-US" id="label_BusinessUnit_1">Business Units</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessUnit" xlink:to="label_BusinessUnit_1" xlink:title="Label : BusinessUnit to label_BusinessUnit_1" />
    <link:label xlink:type="resource" xlink:label="label_BusinessUnit_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BusinessUnit_2" xml:lang="en-US" id="label_BusinessUnit_2">The name of the business unit.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessUnit" xlink:to="label_BusinessUnit_2" xlink:title="Label : BusinessUnit to label_BusinessUnit_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SummaryOfIncomeAndSocialContributionTaxesLineItems" xlink:label="SummaryOfIncomeAndSocialContributionTaxesLineItems" xlink:title="SummaryOfIncomeAndSocialContributionTaxesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfIncomeAndSocialContributionTaxesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SummaryOfIncomeAndSocialContributionTaxesLineItems" xml:lang="en-US" id="label_SummaryOfIncomeAndSocialContributionTaxesLineItems">Summary of income and social contribution taxes.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfIncomeAndSocialContributionTaxesLineItems" xlink:to="label_SummaryOfIncomeAndSocialContributionTaxesLineItems" xlink:title="Label : SummaryOfIncomeAndSocialContributionTaxesLineItems to label_SummaryOfIncomeAndSocialContributionTaxesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfIncomeAndSocialContributionTaxesLineItems_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SummaryOfIncomeAndSocialContributionTaxesLineItems_1" xml:lang="en-US" id="label_SummaryOfIncomeAndSocialContributionTaxesLineItems_1">Summary of income and social contribution taxes [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfIncomeAndSocialContributionTaxesLineItems" xlink:to="label_SummaryOfIncomeAndSocialContributionTaxesLineItems_1" xlink:title="Label : SummaryOfIncomeAndSocialContributionTaxesLineItems to label_SummaryOfIncomeAndSocialContributionTaxesLineItems_1" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfIncomeAndSocialContributionTaxesLineItems_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SummaryOfIncomeAndSocialContributionTaxesLineItems_2" xml:lang="en-US" id="label_SummaryOfIncomeAndSocialContributionTaxesLineItems_2">Summary of income and social contribution taxes [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfIncomeAndSocialContributionTaxesLineItems" xlink:to="label_SummaryOfIncomeAndSocialContributionTaxesLineItems_2" xlink:title="Label : SummaryOfIncomeAndSocialContributionTaxesLineItems to label_SummaryOfIncomeAndSocialContributionTaxesLineItems_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ItaquiTerminalMember" xlink:label="ItaquiTerminalMember" xlink:title="ItaquiTerminalMember" />
    <link:label xlink:type="resource" xlink:label="label_ItaquiTerminalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ItaquiTerminalMember" xml:lang="en-US" id="label_ItaquiTerminalMember">Itaqui Terminal [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ItaquiTerminalMember" xlink:to="label_ItaquiTerminalMember" xlink:title="Label : ItaquiTerminalMember to label_ItaquiTerminalMember" />
    <link:label xlink:type="resource" xlink:label="label_ItaquiTerminalMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ItaquiTerminalMember_1" xml:lang="en-US" id="label_ItaquiTerminalMember_1">Itaqui Terminal [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ItaquiTerminalMember" xlink:to="label_ItaquiTerminalMember_1" xlink:title="Label : ItaquiTerminalMember to label_ItaquiTerminalMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ItaquiTerminalMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ItaquiTerminalMember_2" xml:lang="en-US" id="label_ItaquiTerminalMember_2">This member stands for the information pertaining to Itaqui terminal.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ItaquiTerminalMember" xlink:to="label_ItaquiTerminalMember_2" xlink:title="Label : ItaquiTerminalMember to label_ItaquiTerminalMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SuapeTerminalMember" xlink:label="SuapeTerminalMember" xlink:title="SuapeTerminalMember" />
    <link:label xlink:type="resource" xlink:label="label_SuapeTerminalMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SuapeTerminalMember" xml:lang="en-US" id="label_SuapeTerminalMember">This member stands for the information pertaining to Suape terminal.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SuapeTerminalMember" xlink:to="label_SuapeTerminalMember" xlink:title="Label : SuapeTerminalMember to label_SuapeTerminalMember" />
    <link:label xlink:type="resource" xlink:label="label_SuapeTerminalMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SuapeTerminalMember_1" xml:lang="en-US" id="label_SuapeTerminalMember_1">Suape Terminal [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SuapeTerminalMember" xlink:to="label_SuapeTerminalMember_1" xlink:title="Label : SuapeTerminalMember to label_SuapeTerminalMember_1" />
    <link:label xlink:type="resource" xlink:label="label_SuapeTerminalMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SuapeTerminalMember_2" xml:lang="en-US" id="label_SuapeTerminalMember_2">Suape terminal [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SuapeTerminalMember" xlink:to="label_SuapeTerminalMember_2" xlink:title="Label : SuapeTerminalMember to label_SuapeTerminalMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AratuTerminalMember" xlink:label="AratuTerminalMember" xlink:title="AratuTerminalMember" />
    <link:label xlink:type="resource" xlink:label="label_AratuTerminalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AratuTerminalMember" xml:lang="en-US" id="label_AratuTerminalMember">Aratu Terminal [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AratuTerminalMember" xlink:to="label_AratuTerminalMember" xlink:title="Label : AratuTerminalMember to label_AratuTerminalMember" />
    <link:label xlink:type="resource" xlink:label="label_AratuTerminalMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AratuTerminalMember_1" xml:lang="en-US" id="label_AratuTerminalMember_1">Aratu Terminal [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AratuTerminalMember" xlink:to="label_AratuTerminalMember_1" xlink:title="Label : AratuTerminalMember to label_AratuTerminalMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AratuTerminalMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AratuTerminalMember_2" xml:lang="en-US" id="label_AratuTerminalMember_2">This member stands for the information pertaining to Aratu Terminal.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AratuTerminalMember" xlink:to="label_AratuTerminalMember_2" xlink:title="Label : AratuTerminalMember to label_AratuTerminalMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SuapeBaseMember" xlink:label="SuapeBaseMember" xlink:title="SuapeBaseMember" />
    <link:label xlink:type="resource" xlink:label="label_SuapeBaseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SuapeBaseMember" xml:lang="en-US" id="label_SuapeBaseMember">Suape Base [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SuapeBaseMember" xlink:to="label_SuapeBaseMember" xlink:title="Label : SuapeBaseMember to label_SuapeBaseMember" />
    <link:label xlink:type="resource" xlink:label="label_SuapeBaseMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SuapeBaseMember_1" xml:lang="en-US" id="label_SuapeBaseMember_1">Suape Base [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SuapeBaseMember" xlink:to="label_SuapeBaseMember_1" xlink:title="Label : SuapeBaseMember to label_SuapeBaseMember_1" />
    <link:label xlink:type="resource" xlink:label="label_SuapeBaseMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SuapeBaseMember_2" xml:lang="en-US" id="label_SuapeBaseMember_2">This member stands for the information pertaining to Suape base.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SuapeBaseMember" xlink:to="label_SuapeBaseMember_2" xlink:title="Label : SuapeBaseMember to label_SuapeBaseMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AracajuBaseMember" xlink:label="AracajuBaseMember" xlink:title="AracajuBaseMember" />
    <link:label xlink:type="resource" xlink:label="label_AracajuBaseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AracajuBaseMember" xml:lang="en-US" id="label_AracajuBaseMember">Aracaju Base [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AracajuBaseMember" xlink:to="label_AracajuBaseMember" xlink:title="Label : AracajuBaseMember to label_AracajuBaseMember" />
    <link:label xlink:type="resource" xlink:label="label_AracajuBaseMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AracajuBaseMember_1" xml:lang="en-US" id="label_AracajuBaseMember_1">Aracaju Base [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AracajuBaseMember" xlink:to="label_AracajuBaseMember_1" xlink:title="Label : AracajuBaseMember to label_AracajuBaseMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AracajuBaseMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AracajuBaseMember_2" xml:lang="en-US" id="label_AracajuBaseMember_2">This member stands for the information pertaining to Aracaju base.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AracajuBaseMember" xlink:to="label_AracajuBaseMember_2" xlink:title="Label : AracajuBaseMember to label_AracajuBaseMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_JuazeiroBaseMember" xlink:label="JuazeiroBaseMember" xlink:title="JuazeiroBaseMember" />
    <link:label xlink:type="resource" xlink:label="label_JuazeiroBaseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_JuazeiroBaseMember" xml:lang="en-US" id="label_JuazeiroBaseMember">Juazeiro base [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JuazeiroBaseMember" xlink:to="label_JuazeiroBaseMember" xlink:title="Label : JuazeiroBaseMember to label_JuazeiroBaseMember" />
    <link:label xlink:type="resource" xlink:label="label_JuazeiroBaseMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_JuazeiroBaseMember_1" xml:lang="en-US" id="label_JuazeiroBaseMember_1">Juazeiro base [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JuazeiroBaseMember" xlink:to="label_JuazeiroBaseMember_1" xlink:title="Label : JuazeiroBaseMember to label_JuazeiroBaseMember_1" />
    <link:label xlink:type="resource" xlink:label="label_JuazeiroBaseMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_JuazeiroBaseMember_2" xml:lang="en-US" id="label_JuazeiroBaseMember_2">This member stands for the information pertaining to Juazeiro base.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JuazeiroBaseMember" xlink:to="label_JuazeiroBaseMember_2" xlink:title="Label : JuazeiroBaseMember to label_JuazeiroBaseMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CaucaiaBaseMember" xlink:label="CaucaiaBaseMember" xlink:title="CaucaiaBaseMember" />
    <link:label xlink:type="resource" xlink:label="label_CaucaiaBaseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CaucaiaBaseMember" xml:lang="en-US" id="label_CaucaiaBaseMember">Caucaia Base [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CaucaiaBaseMember" xlink:to="label_CaucaiaBaseMember" xlink:title="Label : CaucaiaBaseMember to label_CaucaiaBaseMember" />
    <link:label xlink:type="resource" xlink:label="label_CaucaiaBaseMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CaucaiaBaseMember_1" xml:lang="en-US" id="label_CaucaiaBaseMember_1">Caucaia Base [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CaucaiaBaseMember" xlink:to="label_CaucaiaBaseMember_1" xlink:title="Label : CaucaiaBaseMember to label_CaucaiaBaseMember_1" />
    <link:label xlink:type="resource" xlink:label="label_CaucaiaBaseMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CaucaiaBaseMember_2" xml:lang="en-US" id="label_CaucaiaBaseMember_2">This member stands for the information pertaining to Caucaia base.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CaucaiaBaseMember" xlink:to="label_CaucaiaBaseMember_2" xlink:title="Label : CaucaiaBaseMember to label_CaucaiaBaseMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MataripeBaseMember" xlink:label="MataripeBaseMember" xlink:title="MataripeBaseMember" />
    <link:label xlink:type="resource" xlink:label="label_MataripeBaseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MataripeBaseMember" xml:lang="en-US" id="label_MataripeBaseMember">Mataripe Base [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MataripeBaseMember" xlink:to="label_MataripeBaseMember" xlink:title="Label : MataripeBaseMember to label_MataripeBaseMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MataripeBaseMember" xlink:to="label_MataripeBaseMember_1" xlink:title="Label : MataripeBaseMember to label_MataripeBaseMember_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AverageEffectiveTaxRate" xlink:to="label_AverageEffectiveTaxRate_1" xlink:title="Label : AverageEffectiveTaxRate to label_AverageEffectiveTaxRate_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxEffectOfTaxIncentives" xlink:to="label_TaxEffectOfTaxIncentives_2" xlink:title="Label : TaxEffectOfTaxIncentives to label_TaxEffectOfTaxIncentives_2" />
    <link:label xlink:type="resource" xlink:label="label_TaxEffectOfTaxIncentives_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TaxEffectOfTaxIncentives_3" xml:lang="en-US" id="label_TaxEffectOfTaxIncentives_3">The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to tax incentives.</link:label>
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncomeAndSocialContributionTaxesBeforeTaxIncentives" xlink:label="IncomeAndSocialContributionTaxesBeforeTaxIncentives" xlink:title="IncomeAndSocialContributionTaxesBeforeTaxIncentives" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DeferredIncomeAndSocialContributionTaxLiabilitiesAbstract" xlink:label="DeferredIncomeAndSocialContributionTaxLiabilitiesAbstract" xlink:title="DeferredIncomeAndSocialContributionTaxLiabilitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DeferredIncomeAndSocialContributionTaxLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredIncomeAndSocialContributionTaxLiabilitiesAbstract" xml:lang="en-US" id="label_DeferredIncomeAndSocialContributionTaxLiabilitiesAbstract">Liabilities - Deferred income and social contribution taxes on:</link:label>
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    <link:label xlink:type="resource" xlink:label="label_DeferredIncomeAndSocialContributionTaxAssets_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_DeferredIncomeAndSocialContributionTaxAssets_2" xml:lang="en-US" id="label_DeferredIncomeAndSocialContributionTaxAssets_2">Total</link:label>
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    <link:label xlink:type="resource" xlink:label="label_DeferredIncomeAndSocialContributionTaxAssets_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DeferredIncomeAndSocialContributionTaxAssets_3" xml:lang="en-US" id="label_DeferredIncomeAndSocialContributionTaxAssets_3">Recovery of deferred tax assets</link:label>
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    <link:label xlink:type="resource" xlink:label="label_DeferredIncomeAndSocialContributionTaxAssets_4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredIncomeAndSocialContributionTaxAssets_4" xml:lang="en-US" id="label_DeferredIncomeAndSocialContributionTaxAssets_4">Deferred income and social contribution taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredIncomeAndSocialContributionTaxAssets" xlink:to="label_DeferredIncomeAndSocialContributionTaxAssets_4" xlink:title="Label : DeferredIncomeAndSocialContributionTaxAssets to label_DeferredIncomeAndSocialContributionTaxAssets_4" />
    <link:label xlink:type="resource" xlink:label="label_DeferredIncomeAndSocialContributionTaxesOtherProvisions_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredIncomeAndSocialContributionTaxesOtherProvisions_1" xml:lang="en-US" id="label_DeferredIncomeAndSocialContributionTaxesOtherProvisions_1">Other temporary differences</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredIncomeAndSocialContributionTaxesOtherProvisions" xlink:to="label_DeferredIncomeAndSocialContributionTaxesOtherProvisions_1" xlink:title="Label : DeferredIncomeAndSocialContributionTaxesOtherProvisions to label_DeferredIncomeAndSocialContributionTaxesOtherProvisions_1" />
    <link:label xlink:type="resource" xlink:label="label_DeferredIncomeAndSocialContributionTaxesOtherProvisions_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredIncomeAndSocialContributionTaxesOtherProvisions_2" xml:lang="en-US" id="label_DeferredIncomeAndSocialContributionTaxesOtherProvisions_2">Deferred income and social contribution taxes other provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredIncomeAndSocialContributionTaxesOtherProvisions" xlink:to="label_DeferredIncomeAndSocialContributionTaxesOtherProvisions_2" xlink:title="Label : DeferredIncomeAndSocialContributionTaxesOtherProvisions to label_DeferredIncomeAndSocialContributionTaxesOtherProvisions_2" />
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    <link:label xlink:type="resource" xlink:label="label_DeferredIncomeAndSocialContributionTaxesLeasesPayable_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredIncomeAndSocialContributionTaxesLeasesPayable_1" xml:lang="en-US" id="label_DeferredIncomeAndSocialContributionTaxesLeasesPayable_1">Deferred Income And Social Contribution Taxes Leases Payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredIncomeAndSocialContributionTaxesLeasesPayable" xlink:to="label_DeferredIncomeAndSocialContributionTaxesLeasesPayable_1" xlink:title="Label : DeferredIncomeAndSocialContributionTaxesLeasesPayable to label_DeferredIncomeAndSocialContributionTaxesLeasesPayable_1" />
    <link:label xlink:type="resource" xlink:label="label_DeferredIncomeAndSocialContributionTaxesLeasesPayable_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredIncomeAndSocialContributionTaxesLeasesPayable_2" xml:lang="en-US" id="label_DeferredIncomeAndSocialContributionTaxesLeasesPayable_2">Leases payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredIncomeAndSocialContributionTaxesLeasesPayable" xlink:to="label_DeferredIncomeAndSocialContributionTaxesLeasesPayable_2" xlink:title="Label : DeferredIncomeAndSocialContributionTaxesLeasesPayable to label_DeferredIncomeAndSocialContributionTaxesLeasesPayable_2" />
    <link:label xlink:type="resource" xlink:label="label_DeferredIncomeAndSocialContributionTaxesProvisionForSuppliers_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredIncomeAndSocialContributionTaxesProvisionForSuppliers_1" xml:lang="en-US" id="label_DeferredIncomeAndSocialContributionTaxesProvisionForSuppliers_1">Operating provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredIncomeAndSocialContributionTaxesProvisionForSuppliers" xlink:to="label_DeferredIncomeAndSocialContributionTaxesProvisionForSuppliers_1" xlink:title="Label : DeferredIncomeAndSocialContributionTaxesProvisionForSuppliers to label_DeferredIncomeAndSocialContributionTaxesProvisionForSuppliers_1" />
    <link:label xlink:type="resource" xlink:label="label_DeferredIncomeAndSocialContributionTaxesProvisionForSuppliers_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredIncomeAndSocialContributionTaxesProvisionForSuppliers_2" xml:lang="en-US" id="label_DeferredIncomeAndSocialContributionTaxesProvisionForSuppliers_2">Deferred Income And Social Contribution Taxes Provision For Suppliers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredIncomeAndSocialContributionTaxesProvisionForSuppliers" xlink:to="label_DeferredIncomeAndSocialContributionTaxesProvisionForSuppliers_2" xlink:title="Label : DeferredIncomeAndSocialContributionTaxesProvisionForSuppliers to label_DeferredIncomeAndSocialContributionTaxesProvisionForSuppliers_2" />
    <link:label xlink:type="resource" xlink:label="label_DeferredincomeAndSocialContributionTaxesGoodwill_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredincomeAndSocialContributionTaxesGoodwill_1" xml:lang="en-US" id="label_DeferredincomeAndSocialContributionTaxesGoodwill_1">Goodwill</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredincomeAndSocialContributionTaxesGoodwill" xlink:to="label_DeferredincomeAndSocialContributionTaxesGoodwill_1" xlink:title="Label : DeferredincomeAndSocialContributionTaxesGoodwill to label_DeferredincomeAndSocialContributionTaxesGoodwill_1" />
    <link:label xlink:type="resource" xlink:label="label_DeferredincomeAndSocialContributionTaxesGoodwill_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredincomeAndSocialContributionTaxesGoodwill_2" xml:lang="en-US" id="label_DeferredincomeAndSocialContributionTaxesGoodwill_2">Deferredincome and Social Contribution Taxes Goodwill</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredincomeAndSocialContributionTaxesGoodwill" xlink:to="label_DeferredincomeAndSocialContributionTaxesGoodwill_2" xlink:title="Label : DeferredincomeAndSocialContributionTaxesGoodwill to label_DeferredincomeAndSocialContributionTaxesGoodwill_2" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DeferredIncomeAndSocialContributionTaxAssetsAbstract" xlink:label="DeferredIncomeAndSocialContributionTaxAssetsAbstract" xlink:title="DeferredIncomeAndSocialContributionTaxAssetsAbstract" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredIncomeAndSocialContributionTaxAssetsAbstract" xlink:to="label_DeferredIncomeAndSocialContributionTaxAssetsAbstract" xlink:title="Label : DeferredIncomeAndSocialContributionTaxAssetsAbstract to label_DeferredIncomeAndSocialContributionTaxAssetsAbstract" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredIncomeAndSocialContributionTaxAssetsAbstract" xlink:to="label_DeferredIncomeAndSocialContributionTaxAssetsAbstract_1" xlink:title="Label : DeferredIncomeAndSocialContributionTaxAssetsAbstract to label_DeferredIncomeAndSocialContributionTaxAssetsAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_GrossSharesGrantDateApril12020Member" xlink:label="GrossSharesGrantDateApril12020Member" xlink:title="GrossSharesGrantDateApril12020Member" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrossSharesGrantDateApril12020Member" xlink:to="label_GrossSharesGrantDateApril12020Member_1" xlink:title="Label : GrossSharesGrantDateApril12020Member to label_GrossSharesGrantDateApril12020Member_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedUnrecognizedGrantCostsRelatedParties" xlink:to="label_AccumulatedUnrecognizedGrantCostsRelatedParties_1" xlink:title="Label : AccumulatedUnrecognizedGrantCostsRelatedParties to label_AccumulatedUnrecognizedGrantCostsRelatedParties_1" />
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    <link:label xlink:type="resource" xlink:label="label_GrantDateSeptember162020Member_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GrantDateSeptember162020Member_3" xml:lang="en-US" id="label_GrantDateSeptember162020Member_3">September 16, 2020 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateSeptember162020Member" xlink:to="label_GrantDateSeptember162020Member_3" xlink:title="Label : GrantDateSeptember162020Member to label_GrantDateSeptember162020Member_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_GrantDateApril12020Member" xlink:label="GrantDateApril12020Member" xlink:title="GrantDateApril12020Member" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateApril12020Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GrantDateApril12020Member" xml:lang="en-US" id="label_GrantDateApril12020Member">This member stands for the information pertaining to Grant date April 1, 2020.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateApril12020Member" xlink:to="label_GrantDateApril12020Member" xlink:title="Label : GrantDateApril12020Member to label_GrantDateApril12020Member" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateApril12020Member_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GrantDateApril12020Member_1" xml:lang="en-US" id="label_GrantDateApril12020Member_1">Grant Date April 1 2020 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateApril12020Member" xlink:to="label_GrantDateApril12020Member_1" xlink:title="Label : GrantDateApril12020Member to label_GrantDateApril12020Member_1" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateApril12020Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GrantDateApril12020Member_2" xml:lang="en-US" id="label_GrantDateApril12020Member_2">Grant Date, April 1, 2020 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateApril12020Member" xlink:to="label_GrantDateApril12020Member_2" xlink:title="Label : GrantDateApril12020Member to label_GrantDateApril12020Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_GrantDateSeptember22019Member" xlink:label="GrantDateSeptember22019Member" xlink:title="GrantDateSeptember22019Member" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateSeptember22019Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GrantDateSeptember22019Member" xml:lang="en-US" id="label_GrantDateSeptember22019Member">This member stands for the information pertaining to Grant date September 2, 2019.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateSeptember22019Member" xlink:to="label_GrantDateSeptember22019Member" xlink:title="Label : GrantDateSeptember22019Member to label_GrantDateSeptember22019Member" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateSeptember22019Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GrantDateSeptember22019Member_1" xml:lang="en-US" id="label_GrantDateSeptember22019Member_1">September 2, 2019 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateSeptember22019Member" xlink:to="label_GrantDateSeptember22019Member_1" xlink:title="Label : GrantDateSeptember22019Member to label_GrantDateSeptember22019Member_1" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateSeptember22019Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GrantDateSeptember22019Member_2" xml:lang="en-US" id="label_GrantDateSeptember22019Member_2">Grant Date September 2 2019 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateSeptember22019Member" xlink:to="label_GrantDateSeptember22019Member_2" xlink:title="Label : GrantDateSeptember22019Member to label_GrantDateSeptember22019Member_2" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateSeptember22019Member_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_GrantDateSeptember22019Member_3" xml:lang="en-US" id="label_GrantDateSeptember22019Member_3">Grant Date, September 2, 2019 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateSeptember22019Member" xlink:to="label_GrantDateSeptember22019Member_3" xlink:title="Label : GrantDateSeptember22019Member to label_GrantDateSeptember22019Member_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_GrantDateApril32019Member" xlink:label="GrantDateApril32019Member" xlink:title="GrantDateApril32019Member" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateApril32019Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GrantDateApril32019Member" xml:lang="en-US" id="label_GrantDateApril32019Member">This member stands for the information pertaining to Grant date April 3, 2019.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateApril32019Member" xlink:to="label_GrantDateApril32019Member" xlink:title="Label : GrantDateApril32019Member to label_GrantDateApril32019Member" />
    <link:label xlink:type="resource" xlink:label="label_NonCurrentProvisionForUnsecuredLiabilitiesOfSubsidiariesJointVenturesAndAssociates_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NonCurrentProvisionForUnsecuredLiabilitiesOfSubsidiariesJointVenturesAndAssociates_1" xml:lang="en-US" id="label_NonCurrentProvisionForUnsecuredLiabilitiesOfSubsidiariesJointVenturesAndAssociates_1">The amount of non-current provision for unsecured liabilities of subsidiaries, joint ventures and associates.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCurrentProvisionForUnsecuredLiabilitiesOfSubsidiariesJointVenturesAndAssociates" xlink:to="label_NonCurrentProvisionForUnsecuredLiabilitiesOfSubsidiariesJointVenturesAndAssociates_1" xlink:title="Label : NonCurrentProvisionForUnsecuredLiabilitiesOfSubsidiariesJointVenturesAndAssociates to label_NonCurrentProvisionForUnsecuredLiabilitiesOfSubsidiariesJointVenturesAndAssociates_1" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateApril32019Member_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GrantDateApril32019Member_1" xml:lang="en-US" id="label_GrantDateApril32019Member_1">Grant Date April 3 2019 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateApril32019Member" xlink:to="label_GrantDateApril32019Member_1" xlink:title="Label : GrantDateApril32019Member to label_GrantDateApril32019Member_1" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateApril32019Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GrantDateApril32019Member_2" xml:lang="en-US" id="label_GrantDateApril32019Member_2">Grant Date, April 3, 2019 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateApril32019Member" xlink:to="label_GrantDateApril32019Member_2" xlink:title="Label : GrantDateApril32019Member to label_GrantDateApril32019Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_GrantDateSeptember242018Member" xlink:label="GrantDateSeptember242018Member" xlink:title="GrantDateSeptember242018Member" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateSeptember242018Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GrantDateSeptember242018Member" xml:lang="en-US" id="label_GrantDateSeptember242018Member">This member stands for the information pertaining to Grant date September 24, 2018.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateSeptember242018Member" xlink:to="label_GrantDateSeptember242018Member" xlink:title="Label : GrantDateSeptember242018Member to label_GrantDateSeptember242018Member" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateSeptember242018Member_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GrantDateSeptember242018Member_1" xml:lang="en-US" id="label_GrantDateSeptember242018Member_1">Grant Date September 24 2018 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateSeptember242018Member" xlink:to="label_GrantDateSeptember242018Member_1" xlink:title="Label : GrantDateSeptember242018Member to label_GrantDateSeptember242018Member_1" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateSeptember242018Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GrantDateSeptember242018Member_2" xml:lang="en-US" id="label_GrantDateSeptember242018Member_2">Grant Date, September 24, 2018 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateSeptember242018Member" xlink:to="label_GrantDateSeptember242018Member_2" xlink:title="Label : GrantDateSeptember242018Member to label_GrantDateSeptember242018Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_GrantDateSeptember192018Member" xlink:label="GrantDateSeptember192018Member" xlink:title="GrantDateSeptember192018Member" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateSeptember192018Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GrantDateSeptember192018Member" xml:lang="en-US" id="label_GrantDateSeptember192018Member">This member stands for the information pertaining to Grant date September 19, 2018.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateSeptember192018Member" xlink:to="label_GrantDateSeptember192018Member" xlink:title="Label : GrantDateSeptember192018Member to label_GrantDateSeptember192018Member" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateSeptember192018Member_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GrantDateSeptember192018Member_1" xml:lang="en-US" id="label_GrantDateSeptember192018Member_1">Grant Date September 19 2018 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateSeptember192018Member" xlink:to="label_GrantDateSeptember192018Member_1" xlink:title="Label : GrantDateSeptember192018Member to label_GrantDateSeptember192018Member_1" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateSeptember192018Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GrantDateSeptember192018Member_2" xml:lang="en-US" id="label_GrantDateSeptember192018Member_2">Grant Date, September 19, 2018 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateSeptember192018Member" xlink:to="label_GrantDateSeptember192018Member_2" xlink:title="Label : GrantDateSeptember192018Member to label_GrantDateSeptember192018Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_GrantDateApril42018Member" xlink:label="GrantDateApril42018Member" xlink:title="GrantDateApril42018Member" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateApril42018Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GrantDateApril42018Member" xml:lang="en-US" id="label_GrantDateApril42018Member">This member stands for the information pertaining to Grant date April 4, 2018.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateApril42018Member" xlink:to="label_GrantDateApril42018Member" xlink:title="Label : GrantDateApril42018Member to label_GrantDateApril42018Member" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateApril42018Member_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GrantDateApril42018Member_1" xml:lang="en-US" id="label_GrantDateApril42018Member_1">Grant Date April 4 2018 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateApril42018Member" xlink:to="label_GrantDateApril42018Member_1" xlink:title="Label : GrantDateApril42018Member to label_GrantDateApril42018Member_1" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateApril42018Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GrantDateApril42018Member_2" xml:lang="en-US" id="label_GrantDateApril42018Member_2">Grant Date, April 4, 2018 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateApril42018Member" xlink:to="label_GrantDateApril42018Member_2" xlink:title="Label : GrantDateApril42018Member to label_GrantDateApril42018Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PerformanceStockAwardMember" xlink:label="PerformanceStockAwardMember" xlink:title="PerformanceStockAwardMember" />
    <link:label xlink:type="resource" xlink:label="label_PerformanceStockAwardMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PerformanceStockAwardMember" xml:lang="en-US" id="label_PerformanceStockAwardMember">Performance Stock Award [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PerformanceStockAwardMember" xlink:to="label_PerformanceStockAwardMember" xlink:title="Label : PerformanceStockAwardMember to label_PerformanceStockAwardMember" />
    <link:label xlink:type="resource" xlink:label="label_PerformanceStockAwardMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PerformanceStockAwardMember_1" xml:lang="en-US" id="label_PerformanceStockAwardMember_1">This member stands for the information pertaining to performance stock award plan.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PerformanceStockAwardMember" xlink:to="label_PerformanceStockAwardMember_1" xlink:title="Label : PerformanceStockAwardMember to label_PerformanceStockAwardMember_1" />
    <link:label xlink:type="resource" xlink:label="label_PerformanceStockAwardMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PerformanceStockAwardMember_2" xml:lang="en-US" id="label_PerformanceStockAwardMember_2">Performance Stock Award [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PerformanceStockAwardMember" xlink:to="label_PerformanceStockAwardMember_2" xlink:title="Label : PerformanceStockAwardMember to label_PerformanceStockAwardMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_RestrictedStockAwardMember" xlink:label="RestrictedStockAwardMember" xlink:title="RestrictedStockAwardMember" />
    <link:label xlink:type="resource" xlink:label="label_RestrictedStockAwardMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RestrictedStockAwardMember" xml:lang="en-US" id="label_RestrictedStockAwardMember">Restricted Stock Award [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedStockAwardMember" xlink:to="label_RestrictedStockAwardMember" xlink:title="Label : RestrictedStockAwardMember to label_RestrictedStockAwardMember" />
    <link:label xlink:type="resource" xlink:label="label_RestrictedStockAwardMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RestrictedStockAwardMember_1" xml:lang="en-US" id="label_RestrictedStockAwardMember_1">This member stands for the information pertaining to restricted stock award plan.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedStockAwardMember" xlink:to="label_RestrictedStockAwardMember_1" xlink:title="Label : RestrictedStockAwardMember to label_RestrictedStockAwardMember_1" />
    <link:label xlink:type="resource" xlink:label="label_RestrictedStockAwardMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RestrictedStockAwardMember_2" xml:lang="en-US" id="label_RestrictedStockAwardMember_2">Restricted Stock Award [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedStockAwardMember" xlink:to="label_RestrictedStockAwardMember_2" xlink:title="Label : RestrictedStockAwardMember to label_RestrictedStockAwardMember_2" />
    <link:label xlink:type="resource" xlink:label="label_NonCurrentProvisionForUnsecuredLiabilitiesOfSubsidiariesJointVenturesAndAssociates_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NonCurrentProvisionForUnsecuredLiabilitiesOfSubsidiariesJointVenturesAndAssociates_2" xml:lang="en-US" id="label_NonCurrentProvisionForUnsecuredLiabilitiesOfSubsidiariesJointVenturesAndAssociates_2">Non Current Provision For Unsecured LiabilitiesOfSubsidiaries Joint Ventures And Associates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCurrentProvisionForUnsecuredLiabilitiesOfSubsidiariesJointVenturesAndAssociates" xlink:to="label_NonCurrentProvisionForUnsecuredLiabilitiesOfSubsidiariesJointVenturesAndAssociates_2" xlink:title="Label : NonCurrentProvisionForUnsecuredLiabilitiesOfSubsidiariesJointVenturesAndAssociates to label_NonCurrentProvisionForUnsecuredLiabilitiesOfSubsidiariesJointVenturesAndAssociates_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AccumulatedUnrecognizedExercisableGrantCosts" xlink:label="AccumulatedUnrecognizedExercisableGrantCosts" xlink:title="AccumulatedUnrecognizedExercisableGrantCosts" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedUnrecognizedExercisableGrantCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccumulatedUnrecognizedExercisableGrantCosts" xml:lang="en-US" id="label_AccumulatedUnrecognizedExercisableGrantCosts">Accumulated Unrecognized Exercisable Grant Costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedUnrecognizedExercisableGrantCosts" xlink:to="label_AccumulatedUnrecognizedExercisableGrantCosts" xlink:title="Label : AccumulatedUnrecognizedExercisableGrantCosts to label_AccumulatedUnrecognizedExercisableGrantCosts" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedUnrecognizedExercisableGrantCosts_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccumulatedUnrecognizedExercisableGrantCosts_1" xml:lang="en-US" id="label_AccumulatedUnrecognizedExercisableGrantCosts_1">Unrecognized exercisable grant costs (in R$ thousands)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedUnrecognizedExercisableGrantCosts" xlink:to="label_AccumulatedUnrecognizedExercisableGrantCosts_1" xlink:title="Label : AccumulatedUnrecognizedExercisableGrantCosts to label_AccumulatedUnrecognizedExercisableGrantCosts_1" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedUnrecognizedExercisableGrantCosts_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AccumulatedUnrecognizedExercisableGrantCosts_2" xml:lang="en-US" id="label_AccumulatedUnrecognizedExercisableGrantCosts_2">The amount of accumulated unrecognized grant costs arising from share-based payment transactions.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedUnrecognizedExercisableGrantCosts" xlink:to="label_AccumulatedUnrecognizedExercisableGrantCosts_2" xlink:title="Label : AccumulatedUnrecognizedExercisableGrantCosts to label_AccumulatedUnrecognizedExercisableGrantCosts_2" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedUnrecognizedExercisableGrantCosts_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AccumulatedUnrecognizedExercisableGrantCosts_3" xml:lang="en-US" id="label_AccumulatedUnrecognizedExercisableGrantCosts_3">Accumulated unrecognized grant costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedUnrecognizedExercisableGrantCosts" xlink:to="label_AccumulatedUnrecognizedExercisableGrantCosts_3" xlink:title="Label : AccumulatedUnrecognizedExercisableGrantCosts to label_AccumulatedUnrecognizedExercisableGrantCosts_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AccumulatedRecognizedExercisableGrantCosts" xlink:label="AccumulatedRecognizedExercisableGrantCosts" xlink:title="AccumulatedRecognizedExercisableGrantCosts" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedRecognizedExercisableGrantCosts" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_AccumulatedRecognizedExercisableGrantCosts" xml:lang="en-US" id="label_AccumulatedRecognizedExercisableGrantCosts">Accumulated recognized grant costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedRecognizedExercisableGrantCosts" xlink:to="label_AccumulatedRecognizedExercisableGrantCosts" xlink:title="Label : AccumulatedRecognizedExercisableGrantCosts to label_AccumulatedRecognizedExercisableGrantCosts" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedRecognizedExercisableGrantCosts_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AccumulatedRecognizedExercisableGrantCosts_1" xml:lang="en-US" id="label_AccumulatedRecognizedExercisableGrantCosts_1">Accumulated recognized exercisable grant costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedRecognizedExercisableGrantCosts" xlink:to="label_AccumulatedRecognizedExercisableGrantCosts_1" xlink:title="Label : AccumulatedRecognizedExercisableGrantCosts to label_AccumulatedRecognizedExercisableGrantCosts_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued" xlink:label="NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued" xlink:title="NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued" xml:lang="en-US" id="label_NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued">Non-current portion of non-current notes and debentures issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued" xlink:to="label_NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued" xlink:title="Label : NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued to label_NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedRecognizedExercisableGrantCosts_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AccumulatedRecognizedExercisableGrantCosts_2" xml:lang="en-US" id="label_AccumulatedRecognizedExercisableGrantCosts_2">The amount of accumulated recognized grant costs arising from share-based payment transactions.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedRecognizedExercisableGrantCosts" xlink:to="label_AccumulatedRecognizedExercisableGrantCosts_2" xlink:title="Label : AccumulatedRecognizedExercisableGrantCosts to label_AccumulatedRecognizedExercisableGrantCosts_2" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedRecognizedExercisableGrantCosts_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccumulatedRecognizedExercisableGrantCosts_3" xml:lang="en-US" id="label_AccumulatedRecognizedExercisableGrantCosts_3">Accumulated recognized exercisable grant costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedRecognizedExercisableGrantCosts" xlink:to="label_AccumulatedRecognizedExercisableGrantCosts_3" xlink:title="Label : AccumulatedRecognizedExercisableGrantCosts to label_AccumulatedRecognizedExercisableGrantCosts_3" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedRecognizedExercisableGrantCosts_4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccumulatedRecognizedExercisableGrantCosts_4" xml:lang="en-US" id="label_AccumulatedRecognizedExercisableGrantCosts_4">Accumulated Recognized Grant Costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedRecognizedExercisableGrantCosts" xlink:to="label_AccumulatedRecognizedExercisableGrantCosts_4" xlink:title="Label : AccumulatedRecognizedExercisableGrantCosts to label_AccumulatedRecognizedExercisableGrantCosts_4" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement_1" xml:lang="en-US" id="label_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement_1">Vesting period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" xlink:to="label_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement_1" xlink:title="Label : DescriptionOfVestingRequirementsForSharebasedPaymentArrangement to label_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfInstrumentsOtherEquityInstrumentsGranted_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NumberOfInstrumentsOtherEquityInstrumentsGranted_1" xml:lang="en-US" id="label_NumberOfInstrumentsOtherEquityInstrumentsGranted_1">Shares granted</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:to="label_NumberOfInstrumentsOtherEquityInstrumentsGranted_1" xlink:title="Label : NumberOfInstrumentsOtherEquityInstrumentsGranted to label_NumberOfInstrumentsOtherEquityInstrumentsGranted_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfInstrumentsOtherEquityInstrumentsGranted_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfInstrumentsOtherEquityInstrumentsGranted_2" xml:lang="en-US" id="label_NumberOfInstrumentsOtherEquityInstrumentsGranted_2">Number of shares granted (Quantity)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:to="label_NumberOfInstrumentsOtherEquityInstrumentsGranted_2" xlink:title="Label : NumberOfInstrumentsOtherEquityInstrumentsGranted to label_NumberOfInstrumentsOtherEquityInstrumentsGranted_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DateOfGrantOfSharebasedPaymentArrangement" xlink:label="DateOfGrantOfSharebasedPaymentArrangement" xlink:title="DateOfGrantOfSharebasedPaymentArrangement" />
    <link:label xlink:type="resource" xlink:label="label_DateOfGrantOfSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DateOfGrantOfSharebasedPaymentArrangement" xml:lang="en-US" id="label_DateOfGrantOfSharebasedPaymentArrangement">Grant date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DateOfGrantOfSharebasedPaymentArrangement" xlink:to="label_DateOfGrantOfSharebasedPaymentArrangement" xlink:title="Label : DateOfGrantOfSharebasedPaymentArrangement to label_DateOfGrantOfSharebasedPaymentArrangement" />
    <link:label xlink:type="resource" xlink:label="label_DateOfGrantOfSharebasedPaymentArrangement_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DateOfGrantOfSharebasedPaymentArrangement_1" xml:lang="en-US" id="label_DateOfGrantOfSharebasedPaymentArrangement_1">Date of grant of share-based payment arrangement</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DateOfGrantOfSharebasedPaymentArrangement" xlink:to="label_DateOfGrantOfSharebasedPaymentArrangement_1" xlink:title="Label : DateOfGrantOfSharebasedPaymentArrangement to label_DateOfGrantOfSharebasedPaymentArrangement_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_GrantDateMarch52014Member" xlink:label="GrantDateMarch52014Member" xlink:title="GrantDateMarch52014Member" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateMarch52014Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GrantDateMarch52014Member" xml:lang="en-US" id="label_GrantDateMarch52014Member">Grant Date March 5 2014 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateMarch52014Member" xlink:to="label_GrantDateMarch52014Member" xlink:title="Label : GrantDateMarch52014Member to label_GrantDateMarch52014Member" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateMarch52014Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GrantDateMarch52014Member_1" xml:lang="en-US" id="label_GrantDateMarch52014Member_1">Grant Date March 5 2014 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateMarch52014Member" xlink:to="label_GrantDateMarch52014Member_1" xlink:title="Label : GrantDateMarch52014Member to label_GrantDateMarch52014Member_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" xlink:label="CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" xlink:title="CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" />
    <link:label xlink:type="resource" xlink:label="label_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" xml:lang="en-US" id="label_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax">Current payables on social security and taxes other than income tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" xlink:to="label_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" xlink:title="Label : CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax to label_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateMarch52014Member_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GrantDateMarch52014Member_2" xml:lang="en-US" id="label_GrantDateMarch52014Member_2">This member stands for the information pertaining to Grant date March 5, 2014.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateMarch52014Member" xlink:to="label_GrantDateMarch52014Member_2" xlink:title="Label : GrantDateMarch52014Member to label_GrantDateMarch52014Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_GrantDateDecember102014Member" xlink:label="GrantDateDecember102014Member" xlink:title="GrantDateDecember102014Member" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateDecember102014Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GrantDateDecember102014Member" xml:lang="en-US" id="label_GrantDateDecember102014Member">Grant Date December 10 2014 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateDecember102014Member" xlink:to="label_GrantDateDecember102014Member" xlink:title="Label : GrantDateDecember102014Member to label_GrantDateDecember102014Member" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateDecember102014Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GrantDateDecember102014Member_1" xml:lang="en-US" id="label_GrantDateDecember102014Member_1">Grant Date December 10 2014 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateDecember102014Member" xlink:to="label_GrantDateDecember102014Member_1" xlink:title="Label : GrantDateDecember102014Member to label_GrantDateDecember102014Member_1" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateDecember102014Member_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GrantDateDecember102014Member_2" xml:lang="en-US" id="label_GrantDateDecember102014Member_2">This member stands for the information pertaining to Grant date December 10, 2014.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateDecember102014Member" xlink:to="label_GrantDateDecember102014Member_2" xlink:title="Label : GrantDateDecember102014Member to label_GrantDateDecember102014Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_GrantDateMarch42016Member" xlink:label="GrantDateMarch42016Member" xlink:title="GrantDateMarch42016Member" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateMarch42016Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GrantDateMarch42016Member" xml:lang="en-US" id="label_GrantDateMarch42016Member">Grant Date March 4 2016 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateMarch42016Member" xlink:to="label_GrantDateMarch42016Member" xlink:title="Label : GrantDateMarch42016Member to label_GrantDateMarch42016Member" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateMarch42016Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GrantDateMarch42016Member_1" xml:lang="en-US" id="label_GrantDateMarch42016Member_1">Grant Date March 4 2016 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateMarch42016Member" xlink:to="label_GrantDateMarch42016Member_1" xlink:title="Label : GrantDateMarch42016Member to label_GrantDateMarch42016Member_1" />
    <link:label xlink:type="resource" xlink:label="label_GrantDateMarch42016Member_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GrantDateMarch42016Member_2" xml:lang="en-US" id="label_GrantDateMarch42016Member_2">This member stands for the information pertaining to Grant date March 4, 2016.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrantDateMarch42016Member" xlink:to="label_GrantDateMarch42016Member_2" xlink:title="Label : GrantDateMarch42016Member to label_GrantDateMarch42016Member_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TypesOfSharebasedPaymentArrangementsDomain" xlink:label="TypesOfSharebasedPaymentArrangementsDomain" xlink:title="TypesOfSharebasedPaymentArrangementsDomain" />
    <link:label xlink:type="resource" xlink:label="label_TypesOfSharebasedPaymentArrangementsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TypesOfSharebasedPaymentArrangementsDomain" xml:lang="en-US" id="label_TypesOfSharebasedPaymentArrangementsDomain">Types of share-based payment arrangements [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TypesOfSharebasedPaymentArrangementsDomain" xlink:to="label_TypesOfSharebasedPaymentArrangementsDomain" xlink:title="Label : TypesOfSharebasedPaymentArrangementsDomain to label_TypesOfSharebasedPaymentArrangementsDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued" xlink:label="CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued" xlink:title="CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued" />
    <link:label xlink:type="resource" xlink:label="label_CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued" xml:lang="en-US" id="label_CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued">Current notes and debentures issued and current portion of non-current notes and debentures issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued" xlink:to="label_CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued" xlink:title="Label : CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued to label_CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued" />
    <link:label xlink:type="resource" xlink:label="label_CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued_1" xml:lang="en-US" id="label_CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued_1">Debentures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued" xlink:to="label_CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued_1" xlink:title="Label : CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued to label_CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:label="TypesOfSharebasedPaymentArrangementsAxis" xlink:title="TypesOfSharebasedPaymentArrangementsAxis" />
    <link:label xlink:type="resource" xlink:label="label_TypesOfSharebasedPaymentArrangementsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TypesOfSharebasedPaymentArrangementsAxis" xml:lang="en-US" id="label_TypesOfSharebasedPaymentArrangementsAxis">Types of share-based payment arrangements [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TypesOfSharebasedPaymentArrangementsAxis" xlink:to="label_TypesOfSharebasedPaymentArrangementsAxis" xlink:title="Label : TypesOfSharebasedPaymentArrangementsAxis to label_TypesOfSharebasedPaymentArrangementsAxis" />
    <link:label xlink:type="resource" xlink:label="label_TypesOfSharebasedPaymentArrangementsAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TypesOfSharebasedPaymentArrangementsAxis_1" xml:lang="en-US" id="label_TypesOfSharebasedPaymentArrangementsAxis_1">Types of share-based payment arrangements [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TypesOfSharebasedPaymentArrangementsAxis" xlink:to="label_TypesOfSharebasedPaymentArrangementsAxis_1" xlink:title="Label : TypesOfSharebasedPaymentArrangementsAxis to label_TypesOfSharebasedPaymentArrangementsAxis_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ParticipationPercentageOfShareCapital" xlink:label="ParticipationPercentageOfShareCapital" xlink:title="ParticipationPercentageOfShareCapital" />
    <link:label xlink:type="resource" xlink:label="label_ParticipationPercentageOfShareCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ParticipationPercentageOfShareCapital" xml:lang="en-US" id="label_ParticipationPercentageOfShareCapital">Participation Percentage Of Share Capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ParticipationPercentageOfShareCapital" xlink:to="label_ParticipationPercentageOfShareCapital" xlink:title="Label : ParticipationPercentageOfShareCapital to label_ParticipationPercentageOfShareCapital" />
    <link:label xlink:type="resource" xlink:label="label_ParticipationPercentageOfShareCapital_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ParticipationPercentageOfShareCapital_1" xml:lang="en-US" id="label_ParticipationPercentageOfShareCapital_1">Percentage of Common shares may deliver to participants to company's share capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ParticipationPercentageOfShareCapital" xlink:to="label_ParticipationPercentageOfShareCapital_1" xlink:title="Label : ParticipationPercentageOfShareCapital to label_ParticipationPercentageOfShareCapital_1" />
    <link:label xlink:type="resource" xlink:label="label_ParticipationPercentageOfShareCapital_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ParticipationPercentageOfShareCapital_2" xml:lang="en-US" id="label_ParticipationPercentageOfShareCapital_2">The participation percentage of reporting entity's share capital.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ParticipationPercentageOfShareCapital" xlink:to="label_ParticipationPercentageOfShareCapital_2" xlink:title="Label : ParticipationPercentageOfShareCapital to label_ParticipationPercentageOfShareCapital_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PeriodOfTransfterOfOwnershipShares" xlink:label="PeriodOfTransfterOfOwnershipShares" xlink:title="PeriodOfTransfterOfOwnershipShares" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOfTransfterOfOwnershipShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PeriodOfTransfterOfOwnershipShares" xml:lang="en-US" id="label_PeriodOfTransfterOfOwnershipShares">Period of transfter of ownership shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfTransfterOfOwnershipShares" xlink:to="label_PeriodOfTransfterOfOwnershipShares" xlink:title="Label : PeriodOfTransfterOfOwnershipShares to label_PeriodOfTransfterOfOwnershipShares" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOfTransfterOfOwnershipShares_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PeriodOfTransfterOfOwnershipShares_1" xml:lang="en-US" id="label_PeriodOfTransfterOfOwnershipShares_1">Period of transfter of ownership shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfTransfterOfOwnershipShares" xlink:to="label_PeriodOfTransfterOfOwnershipShares_1" xlink:title="Label : PeriodOfTransfterOfOwnershipShares to label_PeriodOfTransfterOfOwnershipShares_1" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOfTransfterOfOwnershipShares_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PeriodOfTransfterOfOwnershipShares_2" xml:lang="en-US" id="label_PeriodOfTransfterOfOwnershipShares_2">The transfter period term of ownership shares.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfTransfterOfOwnershipShares" xlink:to="label_PeriodOfTransfterOfOwnershipShares_2" xlink:title="Label : PeriodOfTransfterOfOwnershipShares to label_PeriodOfTransfterOfOwnershipShares_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PeriodOfAmortizationFromGrantDate" xlink:label="PeriodOfAmortizationFromGrantDate" xlink:title="PeriodOfAmortizationFromGrantDate" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOfAmortizationFromGrantDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PeriodOfAmortizationFromGrantDate" xml:lang="en-US" id="label_PeriodOfAmortizationFromGrantDate">Period of amortization from grant date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfAmortizationFromGrantDate" xlink:to="label_PeriodOfAmortizationFromGrantDate" xlink:title="Label : PeriodOfAmortizationFromGrantDate to label_PeriodOfAmortizationFromGrantDate" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOfAmortizationFromGrantDate_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PeriodOfAmortizationFromGrantDate_1" xml:lang="en-US" id="label_PeriodOfAmortizationFromGrantDate_1">The period of amortization from grant date of share based plans.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfAmortizationFromGrantDate" xlink:to="label_PeriodOfAmortizationFromGrantDate_1" xlink:title="Label : PeriodOfAmortizationFromGrantDate to label_PeriodOfAmortizationFromGrantDate_1" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOfAmortizationFromGrantDate_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PeriodOfAmortizationFromGrantDate_2" xml:lang="en-US" id="label_PeriodOfAmortizationFromGrantDate_2">Period of amortization from grant date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfAmortizationFromGrantDate" xlink:to="label_PeriodOfAmortizationFromGrantDate_2" xlink:title="Label : PeriodOfAmortizationFromGrantDate to label_PeriodOfAmortizationFromGrantDate_2" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForExpectedLossesOnAccountsReceivableOrGuarantees_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProvisionForExpectedLossesOnAccountsReceivableOrGuarantees_1" xml:lang="en-US" id="label_ProvisionForExpectedLossesOnAccountsReceivableOrGuarantees_1">Provision for expected losses on accounts receivable or guarantees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForExpectedLossesOnAccountsReceivableOrGuarantees" xlink:to="label_ProvisionForExpectedLossesOnAccountsReceivableOrGuarantees_1" xlink:title="Label : ProvisionForExpectedLossesOnAccountsReceivableOrGuarantees to label_ProvisionForExpectedLossesOnAccountsReceivableOrGuarantees_1" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForExpectedLossesOnAccountsReceivableOrGuarantees_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProvisionForExpectedLossesOnAccountsReceivableOrGuarantees_2" xml:lang="en-US" id="label_ProvisionForExpectedLossesOnAccountsReceivableOrGuarantees_2">Provision for Expected Losses on Accounts Receivable or Guarantees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForExpectedLossesOnAccountsReceivableOrGuarantees" xlink:to="label_ProvisionForExpectedLossesOnAccountsReceivableOrGuarantees_2" xlink:title="Label : ProvisionForExpectedLossesOnAccountsReceivableOrGuarantees to label_ProvisionForExpectedLossesOnAccountsReceivableOrGuarantees_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_KeyManagementPersonnelOfEntityOrParentMember" xlink:label="KeyManagementPersonnelOfEntityOrParentMember" xlink:title="KeyManagementPersonnelOfEntityOrParentMember" />
    <link:label xlink:type="resource" xlink:label="label_KeyManagementPersonnelOfEntityOrParentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_KeyManagementPersonnelOfEntityOrParentMember" xml:lang="en-US" id="label_KeyManagementPersonnelOfEntityOrParentMember">Management</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KeyManagementPersonnelOfEntityOrParentMember" xlink:to="label_KeyManagementPersonnelOfEntityOrParentMember" xlink:title="Label : KeyManagementPersonnelOfEntityOrParentMember to label_KeyManagementPersonnelOfEntityOrParentMember" />
    <link:label xlink:type="resource" xlink:label="label_KeyManagementPersonnelOfEntityOrParentMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_KeyManagementPersonnelOfEntityOrParentMember_1" xml:lang="en-US" id="label_KeyManagementPersonnelOfEntityOrParentMember_1">Key management personnel of entity or parent [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KeyManagementPersonnelOfEntityOrParentMember" xlink:to="label_KeyManagementPersonnelOfEntityOrParentMember_1" xlink:title="Label : KeyManagementPersonnelOfEntityOrParentMember to label_KeyManagementPersonnelOfEntityOrParentMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_RestrictedAndPerformanceStockMember" xlink:label="RestrictedAndPerformanceStockMember" xlink:title="RestrictedAndPerformanceStockMember" />
    <link:label xlink:type="resource" xlink:label="label_RestrictedAndPerformanceStockMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RestrictedAndPerformanceStockMember" xml:lang="en-US" id="label_RestrictedAndPerformanceStockMember">Restricted and Performance Stock [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedAndPerformanceStockMember" xlink:to="label_RestrictedAndPerformanceStockMember" xlink:title="Label : RestrictedAndPerformanceStockMember to label_RestrictedAndPerformanceStockMember" />
    <link:label xlink:type="resource" xlink:label="label_RestrictedAndPerformanceStockMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RestrictedAndPerformanceStockMember_1" xml:lang="en-US" id="label_RestrictedAndPerformanceStockMember_1">Restricted and Performance Stock [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedAndPerformanceStockMember" xlink:to="label_RestrictedAndPerformanceStockMember_1" xlink:title="Label : RestrictedAndPerformanceStockMember to label_RestrictedAndPerformanceStockMember_1" />
    <link:label xlink:type="resource" xlink:label="label_RestrictedAndPerformanceStockMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RestrictedAndPerformanceStockMember_2" xml:lang="en-US" id="label_RestrictedAndPerformanceStockMember_2">This member stands for the information pertaining to restricted and performance stock program.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedAndPerformanceStockMember" xlink:to="label_RestrictedAndPerformanceStockMember_2" xlink:title="Label : RestrictedAndPerformanceStockMember to label_RestrictedAndPerformanceStockMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DeferredStockUnitPlanMember" xlink:label="DeferredStockUnitPlanMember" xlink:title="DeferredStockUnitPlanMember" />
    <link:label xlink:type="resource" xlink:label="label_DeferredStockUnitPlanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredStockUnitPlanMember" xml:lang="en-US" id="label_DeferredStockUnitPlanMember">Deferred stock unit plan [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredStockUnitPlanMember" xlink:to="label_DeferredStockUnitPlanMember" xlink:title="Label : DeferredStockUnitPlanMember to label_DeferredStockUnitPlanMember" />
    <link:label xlink:type="resource" xlink:label="label_DeferredStockUnitPlanMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredStockUnitPlanMember_1" xml:lang="en-US" id="label_DeferredStockUnitPlanMember_1">Deferred stock plan [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredStockUnitPlanMember" xlink:to="label_DeferredStockUnitPlanMember_1" xlink:title="Label : DeferredStockUnitPlanMember to label_DeferredStockUnitPlanMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DeferredStockUnitPlanMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DeferredStockUnitPlanMember_2" xml:lang="en-US" id="label_DeferredStockUnitPlanMember_2">This member stands for the information pertaining to deferred stock unit plan.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredStockUnitPlanMember" xlink:to="label_DeferredStockUnitPlanMember_2" xlink:title="Label : DeferredStockUnitPlanMember to label_DeferredStockUnitPlanMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SharebasedPaymentPlanNameDomain" xlink:label="SharebasedPaymentPlanNameDomain" xlink:title="SharebasedPaymentPlanNameDomain" />
    <link:label xlink:type="resource" xlink:label="label_SharebasedPaymentPlanNameDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SharebasedPaymentPlanNameDomain" xml:lang="en-US" id="label_SharebasedPaymentPlanNameDomain">Share-based Payment Plan Name [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharebasedPaymentPlanNameDomain" xlink:to="label_SharebasedPaymentPlanNameDomain" xlink:title="Label : SharebasedPaymentPlanNameDomain to label_SharebasedPaymentPlanNameDomain" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SharebasedPaymentPlanNameAxis" xlink:label="SharebasedPaymentPlanNameAxis" xlink:title="SharebasedPaymentPlanNameAxis" />
    <link:label xlink:type="resource" xlink:label="label_SharebasedPaymentPlanNameAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SharebasedPaymentPlanNameAxis" xml:lang="en-US" id="label_SharebasedPaymentPlanNameAxis">Share-based Payment Plan Name [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharebasedPaymentPlanNameAxis" xlink:to="label_SharebasedPaymentPlanNameAxis" xlink:title="Label : SharebasedPaymentPlanNameAxis to label_SharebasedPaymentPlanNameAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_KeyManagementPersonnelCompensation" xlink:label="KeyManagementPersonnelCompensation" xlink:title="KeyManagementPersonnelCompensation" />
    <link:label xlink:type="resource" xlink:label="label_KeyManagementPersonnelCompensation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_KeyManagementPersonnelCompensation" xml:lang="en-US" id="label_KeyManagementPersonnelCompensation">Key management personnel compensation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KeyManagementPersonnelCompensation" xlink:to="label_KeyManagementPersonnelCompensation" xlink:title="Label : KeyManagementPersonnelCompensation to label_KeyManagementPersonnelCompensation" />
    <link:label xlink:type="resource" xlink:label="label_KeyManagementPersonnelCompensation_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_KeyManagementPersonnelCompensation_1" xml:lang="en-US" id="label_KeyManagementPersonnelCompensation_1">Compensation expense of key executives</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KeyManagementPersonnelCompensation" xlink:to="label_KeyManagementPersonnelCompensation_1" xlink:title="Label : KeyManagementPersonnelCompensation to label_KeyManagementPersonnelCompensation_1" />
    <link:label xlink:type="resource" xlink:label="label_KeyManagementPersonnelCompensation_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_KeyManagementPersonnelCompensation_2" xml:lang="en-US" id="label_KeyManagementPersonnelCompensation_2">Total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KeyManagementPersonnelCompensation" xlink:to="label_KeyManagementPersonnelCompensation_2" xlink:title="Label : KeyManagementPersonnelCompensation to label_KeyManagementPersonnelCompensation_2" />
    <link:label xlink:type="resource" xlink:label="label_KeyManagementPersonnelCompensationTerminationBenefits_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_KeyManagementPersonnelCompensationTerminationBenefits_1" xml:lang="en-US" id="label_KeyManagementPersonnelCompensationTerminationBenefits_1">Termination benefits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KeyManagementPersonnelCompensationTerminationBenefits" xlink:to="label_KeyManagementPersonnelCompensationTerminationBenefits_1" xlink:title="Label : KeyManagementPersonnelCompensationTerminationBenefits to label_KeyManagementPersonnelCompensationTerminationBenefits_1" />
    <link:label xlink:type="resource" xlink:label="label_KeyManagementPersonnelCompensationTerminationBenefits_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_KeyManagementPersonnelCompensationTerminationBenefits_2" xml:lang="en-US" id="label_KeyManagementPersonnelCompensationTerminationBenefits_2">Personnel expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KeyManagementPersonnelCompensationTerminationBenefits" xlink:to="label_KeyManagementPersonnelCompensationTerminationBenefits_2" xlink:title="Label : KeyManagementPersonnelCompensationTerminationBenefits to label_KeyManagementPersonnelCompensationTerminationBenefits_2" />
    <link:label xlink:type="resource" xlink:label="label_KeyManagementPersonnelCompensationPostemploymentBenefits_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_KeyManagementPersonnelCompensationPostemploymentBenefits_1" xml:lang="en-US" id="label_KeyManagementPersonnelCompensationPostemploymentBenefits_1">Post-employment benefits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KeyManagementPersonnelCompensationPostemploymentBenefits" xlink:to="label_KeyManagementPersonnelCompensationPostemploymentBenefits_1" xlink:title="Label : KeyManagementPersonnelCompensationPostemploymentBenefits to label_KeyManagementPersonnelCompensationPostemploymentBenefits_1" />
    <link:label xlink:type="resource" xlink:label="label_KeyManagementPersonnelCompensationSharebasedPayment_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_KeyManagementPersonnelCompensationSharebasedPayment_1" xml:lang="en-US" id="label_KeyManagementPersonnelCompensationSharebasedPayment_1">Stock compensation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KeyManagementPersonnelCompensationSharebasedPayment" xlink:to="label_KeyManagementPersonnelCompensationSharebasedPayment_1" xlink:title="Label : KeyManagementPersonnelCompensationSharebasedPayment to label_KeyManagementPersonnelCompensationSharebasedPayment_1" />
    <link:label xlink:type="resource" xlink:label="label_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_1" xml:lang="en-US" id="label_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_1">Short-term compensation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:to="label_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_1" xlink:title="Label : KeyManagementPersonnelCompensationShorttermEmployeeBenefits to label_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_PurchasesOfGoodsRelatedPartyTransactions" xlink:label="PurchasesOfGoodsRelatedPartyTransactions" xlink:title="PurchasesOfGoodsRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_PurchasesOfGoodsRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PurchasesOfGoodsRelatedPartyTransactions" xml:lang="en-US" id="label_PurchasesOfGoodsRelatedPartyTransactions">Purchases</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchasesOfGoodsRelatedPartyTransactions" xlink:to="label_PurchasesOfGoodsRelatedPartyTransactions" xlink:title="Label : PurchasesOfGoodsRelatedPartyTransactions to label_PurchasesOfGoodsRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_PurchasesOfGoodsRelatedPartyTransactions_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PurchasesOfGoodsRelatedPartyTransactions_1" xml:lang="en-US" id="label_PurchasesOfGoodsRelatedPartyTransactions_1">Purchases of goods, related party transactions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchasesOfGoodsRelatedPartyTransactions" xlink:to="label_PurchasesOfGoodsRelatedPartyTransactions_1" xlink:title="Label : PurchasesOfGoodsRelatedPartyTransactions to label_PurchasesOfGoodsRelatedPartyTransactions_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AmountsPayableRelatedPartyTransactions" xlink:label="AmountsPayableRelatedPartyTransactions" xlink:title="AmountsPayableRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_AmountsPayableRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmountsPayableRelatedPartyTransactions" xml:lang="en-US" id="label_AmountsPayableRelatedPartyTransactions">Amounts payable, related party transactions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountsPayableRelatedPartyTransactions" xlink:to="label_AmountsPayableRelatedPartyTransactions" xlink:title="Label : AmountsPayableRelatedPartyTransactions to label_AmountsPayableRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_AmountsPayableRelatedPartyTransactions_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmountsPayableRelatedPartyTransactions_1" xml:lang="en-US" id="label_AmountsPayableRelatedPartyTransactions_1">Trade payables (Note 16)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountsPayableRelatedPartyTransactions" xlink:to="label_AmountsPayableRelatedPartyTransactions_1" xlink:title="Label : AmountsPayableRelatedPartyTransactions to label_AmountsPayableRelatedPartyTransactions_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AmountsReceivableRelatedPartyTransactions" xlink:label="AmountsReceivableRelatedPartyTransactions" xlink:title="AmountsReceivableRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_AmountsReceivableRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmountsReceivableRelatedPartyTransactions" xml:lang="en-US" id="label_AmountsReceivableRelatedPartyTransactions">Trade receivables (Note 5)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountsReceivableRelatedPartyTransactions" xlink:to="label_AmountsReceivableRelatedPartyTransactions" xlink:title="Label : AmountsReceivableRelatedPartyTransactions to label_AmountsReceivableRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_AmountsReceivableRelatedPartyTransactions_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmountsReceivableRelatedPartyTransactions_1" xml:lang="en-US" id="label_AmountsReceivableRelatedPartyTransactions_1">Amounts receivable, related party transactions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountsReceivableRelatedPartyTransactions" xlink:to="label_AmountsReceivableRelatedPartyTransactions_1" xlink:title="Label : AmountsReceivableRelatedPartyTransactions to label_AmountsReceivableRelatedPartyTransactions_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MLFHoldingLtdaMember" xlink:label="MLFHoldingLtdaMember" xlink:title="MLFHoldingLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_MLFHoldingLtdaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MLFHoldingLtdaMember" xml:lang="en-US" id="label_MLFHoldingLtdaMember">MLF Holding Ltda Member</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MLFHoldingLtdaMember" xlink:to="label_MLFHoldingLtdaMember" xlink:title="Label : MLFHoldingLtdaMember to label_MLFHoldingLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_MLFHoldingLtdaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MLFHoldingLtdaMember_1" xml:lang="en-US" id="label_MLFHoldingLtdaMember_1">MLF Holding&#xA0;Ltda.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MLFHoldingLtdaMember" xlink:to="label_MLFHoldingLtdaMember_1" xlink:title="Label : MLFHoldingLtdaMember to label_MLFHoldingLtdaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_MLFHoldingLtdaMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MLFHoldingLtdaMember_2" xml:lang="en-US" id="label_MLFHoldingLtdaMember_2">This member stands for the information pertaining to MLF Holding&#xA0;Ltda. a related party of the reporting entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MLFHoldingLtdaMember" xlink:to="label_MLFHoldingLtdaMember_2" xlink:title="Label : MLFHoldingLtdaMember to label_MLFHoldingLtdaMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ChevronBrasilOleoeGasLtdaMember" xlink:label="ChevronBrasilOleoeGasLtdaMember" xlink:title="ChevronBrasilOleoeGasLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_ChevronBrasilOleoeGasLtdaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ChevronBrasilOleoeGasLtdaMember" xml:lang="en-US" id="label_ChevronBrasilOleoeGasLtdaMember">This member stands for the information pertaining to Chevron&#xA0;Brasil&#xA0;&#xD3;leo&#xA0;e&#xA0;G&#xE1;s&#xA0;Ltda. a related party of the reporting entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronBrasilOleoeGasLtdaMember" xlink:to="label_ChevronBrasilOleoeGasLtdaMember" xlink:title="Label : ChevronBrasilOleoeGasLtdaMember to label_ChevronBrasilOleoeGasLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_ChevronBrasilOleoeGasLtdaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ChevronBrasilOleoeGasLtdaMember_1" xml:lang="en-US" id="label_ChevronBrasilOleoeGasLtdaMember_1">Chevron&#xA0;Brasil&#xA0;&#xD3;leo&#xA0;e&#xA0;G&#xE1;s&#xA0;Ltda.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronBrasilOleoeGasLtdaMember" xlink:to="label_ChevronBrasilOleoeGasLtdaMember_1" xlink:title="Label : ChevronBrasilOleoeGasLtdaMember to label_ChevronBrasilOleoeGasLtdaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ChevronBrasilOleoeGasLtdaMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChevronBrasilOleoeGasLtdaMember_2" xml:lang="en-US" id="label_ChevronBrasilOleoeGasLtdaMember_2">Chevron Brasil Oleoe Gas Ltda Member</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronBrasilOleoeGasLtdaMember" xlink:to="label_ChevronBrasilOleoeGasLtdaMember_2" xlink:title="Label : ChevronBrasilOleoeGasLtdaMember to label_ChevronBrasilOleoeGasLtdaMember_2" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NavegantesLogisticaPortuariaSAMember" xlink:to="label_NavegantesLogisticaPortuariaSAMember_1" xlink:title="Label : NavegantesLogisticaPortuariaSAMember to label_NavegantesLogisticaPortuariaSAMember_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherRelatedPartiesMember" xlink:to="label_OtherRelatedPartiesMember" xlink:title="Label : OtherRelatedPartiesMember to label_OtherRelatedPartiesMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherRelatedPartiesMember" xlink:to="label_OtherRelatedPartiesMember_1" xlink:title="Label : OtherRelatedPartiesMember to label_OtherRelatedPartiesMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_RouteasyServicosDeAssessoriaLogisticaLtdaMember" xlink:label="RouteasyServicosDeAssessoriaLogisticaLtdaMember" xlink:title="RouteasyServicosDeAssessoriaLogisticaLtdaMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RouteasyServicosDeAssessoriaLogisticaLtdaMember" xlink:to="label_RouteasyServicosDeAssessoriaLogisticaLtdaMember_1" xlink:title="Label : RouteasyServicosDeAssessoriaLogisticaLtdaMember to label_RouteasyServicosDeAssessoriaLogisticaLtdaMember_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RouteasyServicosDeAssessoriaLogisticaLtdaMember" xlink:to="label_RouteasyServicosDeAssessoriaLogisticaLtdaMember_2" xlink:title="Label : RouteasyServicosDeAssessoriaLogisticaLtdaMember to label_RouteasyServicosDeAssessoriaLogisticaLtdaMember_2" />
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    <link:label xlink:type="resource" xlink:label="label_ChevronBrasilOleosBasicosLtdaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ChevronBrasilOleosBasicosLtdaMember" xml:lang="en-US" id="label_ChevronBrasilOleosBasicosLtdaMember">This member stands for the information pertaining to Chevron Brasil Oleos Basicos LTDA a related party of the reporting entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronBrasilOleosBasicosLtdaMember" xlink:to="label_ChevronBrasilOleosBasicosLtdaMember" xlink:title="Label : ChevronBrasilOleosBasicosLtdaMember to label_ChevronBrasilOleosBasicosLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_ChevronBrasilOleosBasicosLtdaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ChevronBrasilOleosBasicosLtdaMember_1" xml:lang="en-US" id="label_ChevronBrasilOleosBasicosLtdaMember_1">Chevron Brasil Oleos Basicos LTDA [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronBrasilOleosBasicosLtdaMember" xlink:to="label_ChevronBrasilOleosBasicosLtdaMember_1" xlink:title="Label : ChevronBrasilOleosBasicosLtdaMember to label_ChevronBrasilOleosBasicosLtdaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ChevronBrasilOleosBasicosLtdaMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChevronBrasilOleosBasicosLtdaMember_2" xml:lang="en-US" id="label_ChevronBrasilOleosBasicosLtdaMember_2">Chevron Brasil Oleos Basicos Ltda [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronBrasilOleosBasicosLtdaMember" xlink:to="label_ChevronBrasilOleosBasicosLtdaMember_2" xlink:title="Label : ChevronBrasilOleosBasicosLtdaMember to label_ChevronBrasilOleosBasicosLtdaMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ChevronLubricantsLankaPlcMember" xlink:label="ChevronLubricantsLankaPlcMember" xlink:title="ChevronLubricantsLankaPlcMember" />
    <link:label xlink:type="resource" xlink:label="label_ChevronLubricantsLankaPlcMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ChevronLubricantsLankaPlcMember" xml:lang="en-US" id="label_ChevronLubricantsLankaPlcMember">This member stands for the information pertaining to Chevron Lubricants Lanka PLC a related party of the reporting entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronLubricantsLankaPlcMember" xlink:to="label_ChevronLubricantsLankaPlcMember" xlink:title="Label : ChevronLubricantsLankaPlcMember to label_ChevronLubricantsLankaPlcMember" />
    <link:label xlink:type="resource" xlink:label="label_ChevronLubricantsLankaPlcMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ChevronLubricantsLankaPlcMember_1" xml:lang="en-US" id="label_ChevronLubricantsLankaPlcMember_1">Chevron Lubricants Lanka PLC [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronLubricantsLankaPlcMember" xlink:to="label_ChevronLubricantsLankaPlcMember_1" xlink:title="Label : ChevronLubricantsLankaPlcMember to label_ChevronLubricantsLankaPlcMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ChevronLubricantsLankaPlcMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChevronLubricantsLankaPlcMember_2" xml:lang="en-US" id="label_ChevronLubricantsLankaPlcMember_2">Chevron Lubricants Lanka Plc [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronLubricantsLankaPlcMember" xlink:to="label_ChevronLubricantsLankaPlcMember_2" xlink:title="Label : ChevronLubricantsLankaPlcMember to label_ChevronLubricantsLankaPlcMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ChevronPetroleumCoColombiaMember" xlink:label="ChevronPetroleumCoColombiaMember" xlink:title="ChevronPetroleumCoColombiaMember" />
    <link:label xlink:type="resource" xlink:label="label_ChevronPetroleumCoColombiaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ChevronPetroleumCoColombiaMember" xml:lang="en-US" id="label_ChevronPetroleumCoColombiaMember">This member stands for the information pertaining to Chevron Petroleum CO Colombia a related party of the reporting entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronPetroleumCoColombiaMember" xlink:to="label_ChevronPetroleumCoColombiaMember" xlink:title="Label : ChevronPetroleumCoColombiaMember to label_ChevronPetroleumCoColombiaMember" />
    <link:label xlink:type="resource" xlink:label="label_ChevronPetroleumCoColombiaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ChevronPetroleumCoColombiaMember_1" xml:lang="en-US" id="label_ChevronPetroleumCoColombiaMember_1">Chevron Petroleum CO Colombia [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronPetroleumCoColombiaMember" xlink:to="label_ChevronPetroleumCoColombiaMember_1" xlink:title="Label : ChevronPetroleumCoColombiaMember to label_ChevronPetroleumCoColombiaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ChevronPetroleumCoColombiaMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChevronPetroleumCoColombiaMember_2" xml:lang="en-US" id="label_ChevronPetroleumCoColombiaMember_2">Chevron Petroleum Co Colombia [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronPetroleumCoColombiaMember" xlink:to="label_ChevronPetroleumCoColombiaMember_2" xlink:title="Label : ChevronPetroleumCoColombiaMember to label_ChevronPetroleumCoColombiaMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ChevronBelgiumNvMember" xlink:label="ChevronBelgiumNvMember" xlink:title="ChevronBelgiumNvMember" />
    <link:label xlink:type="resource" xlink:label="label_ChevronBelgiumNvMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ChevronBelgiumNvMember" xml:lang="en-US" id="label_ChevronBelgiumNvMember">This member stands for the information pertaining to Chevron Belgium NV a related party of the reporting entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronBelgiumNvMember" xlink:to="label_ChevronBelgiumNvMember" xlink:title="Label : ChevronBelgiumNvMember to label_ChevronBelgiumNvMember" />
    <link:label xlink:type="resource" xlink:label="label_ChevronBelgiumNvMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ChevronBelgiumNvMember_1" xml:lang="en-US" id="label_ChevronBelgiumNvMember_1">Chevron Belgium NV [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronBelgiumNvMember" xlink:to="label_ChevronBelgiumNvMember_1" xlink:title="Label : ChevronBelgiumNvMember to label_ChevronBelgiumNvMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ChevronBelgiumNvMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChevronBelgiumNvMember_2" xml:lang="en-US" id="label_ChevronBelgiumNvMember_2">Chevron Belgium Nv [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronBelgiumNvMember" xlink:to="label_ChevronBelgiumNvMember_2" xlink:title="Label : ChevronBelgiumNvMember to label_ChevronBelgiumNvMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ChevronProductsCompanyMember" xlink:label="ChevronProductsCompanyMember" xlink:title="ChevronProductsCompanyMember" />
    <link:label xlink:type="resource" xlink:label="label_ChevronProductsCompanyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ChevronProductsCompanyMember" xml:lang="en-US" id="label_ChevronProductsCompanyMember">This member stands for the information pertaining to Chevron Products Company a related party of the reporting entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronProductsCompanyMember" xlink:to="label_ChevronProductsCompanyMember" xlink:title="Label : ChevronProductsCompanyMember to label_ChevronProductsCompanyMember" />
    <link:label xlink:type="resource" xlink:label="label_ChevronProductsCompanyMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ChevronProductsCompanyMember_1" xml:lang="en-US" id="label_ChevronProductsCompanyMember_1">Chevron Products Company [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronProductsCompanyMember" xlink:to="label_ChevronProductsCompanyMember_1" xlink:title="Label : ChevronProductsCompanyMember to label_ChevronProductsCompanyMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ChevronProductsCompanyMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChevronProductsCompanyMember_2" xml:lang="en-US" id="label_ChevronProductsCompanyMember_2">Chevron Products Company [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronProductsCompanyMember" xlink:to="label_ChevronProductsCompanyMember_2" xlink:title="Label : ChevronProductsCompanyMember to label_ChevronProductsCompanyMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ChevronOroniteBrasilLtdaMember" xlink:label="ChevronOroniteBrasilLtdaMember" xlink:title="ChevronOroniteBrasilLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_ChevronOroniteBrasilLtdaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChevronOroniteBrasilLtdaMember" xml:lang="en-US" id="label_ChevronOroniteBrasilLtdaMember">Chevron Oronite Brasil Ltda [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronOroniteBrasilLtdaMember" xlink:to="label_ChevronOroniteBrasilLtdaMember" xlink:title="Label : ChevronOroniteBrasilLtdaMember to label_ChevronOroniteBrasilLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_ChevronOroniteBrasilLtdaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ChevronOroniteBrasilLtdaMember_1" xml:lang="en-US" id="label_ChevronOroniteBrasilLtdaMember_1">Chevron Oronite Brasil LTDA. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronOroniteBrasilLtdaMember" xlink:to="label_ChevronOroniteBrasilLtdaMember_1" xlink:title="Label : ChevronOroniteBrasilLtdaMember to label_ChevronOroniteBrasilLtdaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ChevronOroniteBrasilLtdaMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ChevronOroniteBrasilLtdaMember_2" xml:lang="en-US" id="label_ChevronOroniteBrasilLtdaMember_2">This member stands for the information pertaining to Chevron Oronite Brasil LTDA. a related party of the reporting entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronOroniteBrasilLtdaMember" xlink:to="label_ChevronOroniteBrasilLtdaMember_2" xlink:title="Label : ChevronOroniteBrasilLtdaMember to label_ChevronOroniteBrasilLtdaMember_2" />
    <link:label xlink:type="resource" xlink:label="label_ChevronOroniteBrasilLtdaMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ChevronOroniteBrasilLtdaMember_3" xml:lang="en-US" id="label_ChevronOroniteBrasilLtdaMember_3">Chevron Oronite Brasil Ltda. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronOroniteBrasilLtdaMember" xlink:to="label_ChevronOroniteBrasilLtdaMember_3" xlink:title="Label : ChevronOroniteBrasilLtdaMember to label_ChevronOroniteBrasilLtdaMember_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ChevronMarineProductsMember" xlink:label="ChevronMarineProductsMember" xlink:title="ChevronMarineProductsMember" />
    <link:label xlink:type="resource" xlink:label="label_ChevronMarineProductsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ChevronMarineProductsMember" xml:lang="en-US" id="label_ChevronMarineProductsMember">This member stands for the information pertaining to Chevron Marine Products a related party of the reporting entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronMarineProductsMember" xlink:to="label_ChevronMarineProductsMember" xlink:title="Label : ChevronMarineProductsMember to label_ChevronMarineProductsMember" />
    <link:label xlink:type="resource" xlink:label="label_ChevronMarineProductsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ChevronMarineProductsMember_1" xml:lang="en-US" id="label_ChevronMarineProductsMember_1">Chevron Marine Products [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronMarineProductsMember" xlink:to="label_ChevronMarineProductsMember_1" xlink:title="Label : ChevronMarineProductsMember to label_ChevronMarineProductsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ChevronMarineProductsMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChevronMarineProductsMember_2" xml:lang="en-US" id="label_ChevronMarineProductsMember_2">Chevron Marine Products [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronMarineProductsMember" xlink:to="label_ChevronMarineProductsMember_2" xlink:title="Label : ChevronMarineProductsMember to label_ChevronMarineProductsMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ChevronLubricantsOilsSAMember" xlink:label="ChevronLubricantsOilsSAMember" xlink:title="ChevronLubricantsOilsSAMember" />
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    <link:label xlink:type="resource" xlink:label="label_ChevronLubricantsOilsSAMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ChevronLubricantsOilsSAMember_1" xml:lang="en-US" id="label_ChevronLubricantsOilsSAMember_1">This member stands for the information pertaining to Chevron Lubricants Oils S.A. a related party of the reporting entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronLubricantsOilsSAMember" xlink:to="label_ChevronLubricantsOilsSAMember_1" xlink:title="Label : ChevronLubricantsOilsSAMember to label_ChevronLubricantsOilsSAMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ChevronLubricantsOilsSAMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChevronLubricantsOilsSAMember_2" xml:lang="en-US" id="label_ChevronLubricantsOilsSAMember_2">Chevron Lubricants Oils S A [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronLubricantsOilsSAMember" xlink:to="label_ChevronLubricantsOilsSAMember_2" xlink:title="Label : ChevronLubricantsOilsSAMember to label_ChevronLubricantsOilsSAMember_2" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronLatinAmericaMarketingLlcMember" xlink:to="label_ChevronLatinAmericaMarketingLlcMember" xlink:title="Label : ChevronLatinAmericaMarketingLlcMember to label_ChevronLatinAmericaMarketingLlcMember" />
    <link:label xlink:type="resource" xlink:label="label_ChevronLatinAmericaMarketingLlcMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ChevronLatinAmericaMarketingLlcMember_1" xml:lang="en-US" id="label_ChevronLatinAmericaMarketingLlcMember_1">Chevron Latin America Marketing LLC [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronLatinAmericaMarketingLlcMember" xlink:to="label_ChevronLatinAmericaMarketingLlcMember_1" xlink:title="Label : ChevronLatinAmericaMarketingLlcMember to label_ChevronLatinAmericaMarketingLlcMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ChevronLatinAmericaMarketingLlcMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChevronLatinAmericaMarketingLlcMember_2" xml:lang="en-US" id="label_ChevronLatinAmericaMarketingLlcMember_2">Chevron Latin America Marketing LLC [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronLatinAmericaMarketingLlcMember" xlink:to="label_ChevronLatinAmericaMarketingLlcMember_2" xlink:title="Label : ChevronLatinAmericaMarketingLlcMember to label_ChevronLatinAmericaMarketingLlcMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ChevronThailandLimitedMember" xlink:label="ChevronThailandLimitedMember" xlink:title="ChevronThailandLimitedMember" />
    <link:label xlink:type="resource" xlink:label="label_ChevronThailandLimitedMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ChevronThailandLimitedMember" xml:lang="en-US" id="label_ChevronThailandLimitedMember">This member stands for the information pertaining to Chevron (Thailand) Limited a related party of the reporting entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronThailandLimitedMember" xlink:to="label_ChevronThailandLimitedMember" xlink:title="Label : ChevronThailandLimitedMember to label_ChevronThailandLimitedMember" />
    <link:label xlink:type="resource" xlink:label="label_ChevronThailandLimitedMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ChevronThailandLimitedMember_1" xml:lang="en-US" id="label_ChevronThailandLimitedMember_1">Chevron (Thailand) Limited [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronThailandLimitedMember" xlink:to="label_ChevronThailandLimitedMember_1" xlink:title="Label : ChevronThailandLimitedMember to label_ChevronThailandLimitedMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ChevronThailandLimitedMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChevronThailandLimitedMember_2" xml:lang="en-US" id="label_ChevronThailandLimitedMember_2">Chevron Thailand Limited [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChevronThailandLimitedMember" xlink:to="label_ChevronThailandLimitedMember_2" xlink:title="Label : ChevronThailandLimitedMember to label_ChevronThailandLimitedMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LA7ParticipaesEEmpreendImobLtdaMember" xlink:label="LA7ParticipaesEEmpreendImobLtdaMember" xlink:title="LA7ParticipaesEEmpreendImobLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_LA7ParticipaesEEmpreendImobLtdaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LA7ParticipaesEEmpreendImobLtdaMember" xml:lang="en-US" id="label_LA7ParticipaesEEmpreendImobLtdaMember">This member stands for the information pertaining to LA'7 Participaes e Empreend. Imob. Ltda.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LA7ParticipaesEEmpreendImobLtdaMember" xlink:to="label_LA7ParticipaesEEmpreendImobLtdaMember" xlink:title="Label : LA7ParticipaesEEmpreendImobLtdaMember to label_LA7ParticipaesEEmpreendImobLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_LA7ParticipaesEEmpreendImobLtdaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LA7ParticipaesEEmpreendImobLtdaMember_1" xml:lang="en-US" id="label_LA7ParticipaesEEmpreendImobLtdaMember_1">LA'7 Participaes e Empreend. Imob. Ltda. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LA7ParticipaesEEmpreendImobLtdaMember" xlink:to="label_LA7ParticipaesEEmpreendImobLtdaMember_1" xlink:title="Label : LA7ParticipaesEEmpreendImobLtdaMember to label_LA7ParticipaesEEmpreendImobLtdaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_LA7ParticipaesEEmpreendImobLtdaMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LA7ParticipaesEEmpreendImobLtdaMember_2" xml:lang="en-US" id="label_LA7ParticipaesEEmpreendImobLtdaMember_2">L A 7 Participaes E Empreend Imob Ltda [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LA7ParticipaesEEmpreendImobLtdaMember" xlink:to="label_LA7ParticipaesEEmpreendImobLtdaMember_2" xlink:title="Label : LA7ParticipaesEEmpreendImobLtdaMember to label_LA7ParticipaesEEmpreendImobLtdaMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ConectCarSolucoesDeMobilidadeEletronicaMember" xlink:label="ConectCarSolucoesDeMobilidadeEletronicaMember" xlink:title="ConectCarSolucoesDeMobilidadeEletronicaMember" />
    <link:label xlink:type="resource" xlink:label="label_ConectCarSolucoesDeMobilidadeEletronicaMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ConectCarSolucoesDeMobilidadeEletronicaMember" xml:lang="en-US" id="label_ConectCarSolucoesDeMobilidadeEletronicaMember">ConectCar Solu&#xE7;&#xF5;es de Mobilidade Eletr&#xF4;nica S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConectCarSolucoesDeMobilidadeEletronicaMember" xlink:to="label_ConectCarSolucoesDeMobilidadeEletronicaMember" xlink:title="Label : ConectCarSolucoesDeMobilidadeEletronicaMember to label_ConectCarSolucoesDeMobilidadeEletronicaMember" />
    <link:label xlink:type="resource" xlink:label="label_ConectCarSolucoesDeMobilidadeEletronicaMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ConectCarSolucoesDeMobilidadeEletronicaMember_1" xml:lang="en-US" id="label_ConectCarSolucoesDeMobilidadeEletronicaMember_1">This member stands for the information pertaining to Conect car solucoes de mobilidade eletronica S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConectCarSolucoesDeMobilidadeEletronicaMember" xlink:to="label_ConectCarSolucoesDeMobilidadeEletronicaMember_1" xlink:title="Label : ConectCarSolucoesDeMobilidadeEletronicaMember to label_ConectCarSolucoesDeMobilidadeEletronicaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ConectCarSolucoesDeMobilidadeEletronicaMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConectCarSolucoesDeMobilidadeEletronicaMember_2" xml:lang="en-US" id="label_ConectCarSolucoesDeMobilidadeEletronicaMember_2">ConectCar Solucoes de Mobilidade Eletronica [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConectCarSolucoesDeMobilidadeEletronicaMember" xlink:to="label_ConectCarSolucoesDeMobilidadeEletronicaMember_2" xlink:title="Label : ConectCarSolucoesDeMobilidadeEletronicaMember to label_ConectCarSolucoesDeMobilidadeEletronicaMember_2" />
    <link:label xlink:type="resource" xlink:label="label_ConectCarSolucoesDeMobilidadeEletronicaMember_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConectCarSolucoesDeMobilidadeEletronicaMember_3" xml:lang="en-US" id="label_ConectCarSolucoesDeMobilidadeEletronicaMember_3">Conect car solucoes de mobilidade eletronica [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConectCarSolucoesDeMobilidadeEletronicaMember" xlink:to="label_ConectCarSolucoesDeMobilidadeEletronicaMember_3" xlink:title="Label : ConectCarSolucoesDeMobilidadeEletronicaMember to label_ConectCarSolucoesDeMobilidadeEletronicaMember_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OxicapIndustriaDeGasesMember" xlink:label="OxicapIndustriaDeGasesMember" xlink:title="OxicapIndustriaDeGasesMember" />
    <link:label xlink:type="resource" xlink:label="label_OxicapIndustriaDeGasesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OxicapIndustriaDeGasesMember" xml:lang="en-US" id="label_OxicapIndustriaDeGasesMember">Oxicap Industria de Gases Ltda. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxicapIndustriaDeGasesMember" xlink:to="label_OxicapIndustriaDeGasesMember" xlink:title="Label : OxicapIndustriaDeGasesMember to label_OxicapIndustriaDeGasesMember" />
    <link:label xlink:type="resource" xlink:label="label_OxicapIndustriaDeGasesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OxicapIndustriaDeGasesMember_1" xml:lang="en-US" id="label_OxicapIndustriaDeGasesMember_1">This member stands for the information pertaining to Oxicap Ind&#xFA;stria de Gases Ltda.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxicapIndustriaDeGasesMember" xlink:to="label_OxicapIndustriaDeGasesMember_1" xlink:title="Label : OxicapIndustriaDeGasesMember to label_OxicapIndustriaDeGasesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OxicapIndustriaDeGasesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OxicapIndustriaDeGasesMember_2" xml:lang="en-US" id="label_OxicapIndustriaDeGasesMember_2">Oxicap Industria de Gases [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxicapIndustriaDeGasesMember" xlink:to="label_OxicapIndustriaDeGasesMember_2" xlink:title="Label : OxicapIndustriaDeGasesMember to label_OxicapIndustriaDeGasesMember_2" />
    <link:label xlink:type="resource" xlink:label="label_OxicapIndustriaDeGasesMember_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OxicapIndustriaDeGasesMember_3" xml:lang="en-US" id="label_OxicapIndustriaDeGasesMember_3">Oxicap industria de gases [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxicapIndustriaDeGasesMember" xlink:to="label_OxicapIndustriaDeGasesMember_3" xlink:title="Label : OxicapIndustriaDeGasesMember to label_OxicapIndustriaDeGasesMember_3" />
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    <link:label xlink:type="resource" xlink:label="label_NordesteLogsticaIIIMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NordesteLogsticaIIIMember" xml:lang="en-US" id="label_NordesteLogsticaIIIMember">Nordeste Log&#xED;stica III [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NordesteLogsticaIIIMember" xlink:to="label_NordesteLogsticaIIIMember" xlink:title="Label : NordesteLogsticaIIIMember to label_NordesteLogsticaIIIMember" />
    <link:label xlink:type="resource" xlink:label="label_NordesteLogsticaIIIMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NordesteLogsticaIIIMember_1" xml:lang="en-US" id="label_NordesteLogsticaIIIMember_1">This member stands for the information pertaining to Nordeste Log&#xED;stica III.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NordesteLogsticaIIIMember" xlink:to="label_NordesteLogsticaIIIMember_1" xlink:title="Label : NordesteLogsticaIIIMember to label_NordesteLogsticaIIIMember_1" />
    <link:label xlink:type="resource" xlink:label="label_NordesteLogsticaIIIMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NordesteLogsticaIIIMember_2" xml:lang="en-US" id="label_NordesteLogsticaIIIMember_2">Nordeste Logstica III [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NordesteLogsticaIIIMember" xlink:to="label_NordesteLogsticaIIIMember_2" xlink:title="Label : NordesteLogsticaIIIMember to label_NordesteLogsticaIIIMember_2" />
    <link:label xlink:type="resource" xlink:label="label_NordesteLogsticaIIIMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NordesteLogsticaIIIMember_3" xml:lang="en-US" id="label_NordesteLogsticaIIIMember_3">Nordeste Log&#xED;stica III S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NordesteLogsticaIIIMember" xlink:to="label_NordesteLogsticaIIIMember_3" xlink:title="Label : NordesteLogsticaIIIMember to label_NordesteLogsticaIIIMember_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NordesteLogsticaIMember" xlink:label="NordesteLogsticaIMember" xlink:title="NordesteLogsticaIMember" />
    <link:label xlink:type="resource" xlink:label="label_NordesteLogsticaIMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NordesteLogsticaIMember" xml:lang="en-US" id="label_NordesteLogsticaIMember">Nordeste Logstica I [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NordesteLogsticaIMember" xlink:to="label_NordesteLogsticaIMember" xlink:title="Label : NordesteLogsticaIMember to label_NordesteLogsticaIMember" />
    <link:label xlink:type="resource" xlink:label="label_NordesteLogsticaIMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NordesteLogsticaIMember_1" xml:lang="en-US" id="label_NordesteLogsticaIMember_1">Nordeste Log&#xED;stica I [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NordesteLogsticaIMember" xlink:to="label_NordesteLogsticaIMember_1" xlink:title="Label : NordesteLogsticaIMember to label_NordesteLogsticaIMember_1" />
    <link:label xlink:type="resource" xlink:label="label_NordesteLogsticaIMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NordesteLogsticaIMember_2" xml:lang="en-US" id="label_NordesteLogsticaIMember_2">This member stands for the information pertaining to Nordeste Log&#xED;stica I.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NordesteLogsticaIMember" xlink:to="label_NordesteLogsticaIMember_2" xlink:title="Label : NordesteLogsticaIMember to label_NordesteLogsticaIMember_2" />
    <link:label xlink:type="resource" xlink:label="label_NordesteLogsticaIMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NordesteLogsticaIMember_3" xml:lang="en-US" id="label_NordesteLogsticaIMember_3">Nordeste Log&#xED;stica I S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NordesteLogsticaIMember" xlink:to="label_NordesteLogsticaIMember_3" xlink:title="Label : NordesteLogsticaIMember to label_NordesteLogsticaIMember_3" />
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    <link:label xlink:type="resource" xlink:label="label_LatitudeLogsticaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LatitudeLogsticaMember" xml:lang="en-US" id="label_LatitudeLogsticaMember">This member stands for the information pertaining to Latitude Log&#xED;stica.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LatitudeLogsticaMember" xlink:to="label_LatitudeLogsticaMember" xlink:title="Label : LatitudeLogsticaMember to label_LatitudeLogsticaMember" />
    <link:label xlink:type="resource" xlink:label="label_LatitudeLogsticaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LatitudeLogsticaMember_1" xml:lang="en-US" id="label_LatitudeLogsticaMember_1">Latitude Log&#xED;stica [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LatitudeLogsticaMember" xlink:to="label_LatitudeLogsticaMember_1" xlink:title="Label : LatitudeLogsticaMember to label_LatitudeLogsticaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_LatitudeLogsticaMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LatitudeLogsticaMember_2" xml:lang="en-US" id="label_LatitudeLogsticaMember_2">Latitude Logstica [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LatitudeLogsticaMember" xlink:to="label_LatitudeLogsticaMember_2" xlink:title="Label : LatitudeLogsticaMember to label_LatitudeLogsticaMember_2" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_RealizationOfTaxCreditPeriod" xlink:label="RealizationOfTaxCreditPeriod" xlink:title="RealizationOfTaxCreditPeriod" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IrpjAndCsll1Member" xlink:label="IrpjAndCsll1Member" xlink:title="IrpjAndCsll1Member" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IrpjAndCsll1Member" xlink:to="label_IrpjAndCsll1Member_2" xlink:title="Label : IrpjAndCsll1Member to label_IrpjAndCsll1Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IpirangaMember" xlink:label="IpirangaMember" xlink:title="IpirangaMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpirangaMember" xlink:to="label_IpirangaMember" xlink:title="Label : IpirangaMember to label_IpirangaMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpirangaMember" xlink:to="label_IpirangaMember_1" xlink:title="Label : IpirangaMember to label_IpirangaMember_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpirangaMember" xlink:to="label_IpirangaMember_2" xlink:title="Label : IpirangaMember to label_IpirangaMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SubsidiariesGroupFiveMember" xlink:label="SubsidiariesGroupFiveMember" xlink:title="SubsidiariesGroupFiveMember" />
    <link:label xlink:type="resource" xlink:label="label_SubsidiariesGroupFiveMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SubsidiariesGroupFiveMember" xml:lang="en-US" id="label_SubsidiariesGroupFiveMember">Represents information pertaining to group of subsidiaries, five.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsidiariesGroupFiveMember" xlink:to="label_SubsidiariesGroupFiveMember" xlink:title="Label : SubsidiariesGroupFiveMember to label_SubsidiariesGroupFiveMember" />
    <link:label xlink:type="resource" xlink:label="label_SubsidiariesGroupFiveMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SubsidiariesGroupFiveMember_1" xml:lang="en-US" id="label_SubsidiariesGroupFiveMember_1">Subsidiaries Ipiranga and Ultragaz [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsidiariesGroupFiveMember" xlink:to="label_SubsidiariesGroupFiveMember_1" xlink:title="Label : SubsidiariesGroupFiveMember to label_SubsidiariesGroupFiveMember_1" />
    <link:label xlink:type="resource" xlink:label="label_SubsidiariesGroupFiveMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubsidiariesGroupFiveMember_2" xml:lang="en-US" id="label_SubsidiariesGroupFiveMember_2">Subsidiaries Group Five [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsidiariesGroupFiveMember" xlink:to="label_SubsidiariesGroupFiveMember_2" xlink:title="Label : SubsidiariesGroupFiveMember to label_SubsidiariesGroupFiveMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SubsidiariesMember" xlink:label="SubsidiariesMember" xlink:title="SubsidiariesMember" />
    <link:label xlink:type="resource" xlink:label="label_SubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SubsidiariesMember" xml:lang="en-US" id="label_SubsidiariesMember">Subsidiaries [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsidiariesMember" xlink:to="label_SubsidiariesMember" xlink:title="Label : SubsidiariesMember to label_SubsidiariesMember" />
    <link:label xlink:type="resource" xlink:label="label_SubsidiariesMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubsidiariesMember_1" xml:lang="en-US" id="label_SubsidiariesMember_1">Subsidiaries [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsidiariesMember" xlink:to="label_SubsidiariesMember_1" xlink:title="Label : SubsidiariesMember to label_SubsidiariesMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_BrazilianFederalRevenueServiceMember" xlink:label="BrazilianFederalRevenueServiceMember" xlink:title="BrazilianFederalRevenueServiceMember" />
    <link:label xlink:type="resource" xlink:label="label_BrazilianFederalRevenueServiceMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BrazilianFederalRevenueServiceMember" xml:lang="en-US" id="label_BrazilianFederalRevenueServiceMember">The member stands for Brazilian Federal Revenue Service (RFB).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BrazilianFederalRevenueServiceMember" xlink:to="label_BrazilianFederalRevenueServiceMember" xlink:title="Label : BrazilianFederalRevenueServiceMember to label_BrazilianFederalRevenueServiceMember" />
    <link:label xlink:type="resource" xlink:label="label_BrazilianFederalRevenueServiceMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BrazilianFederalRevenueServiceMember_1" xml:lang="en-US" id="label_BrazilianFederalRevenueServiceMember_1">Brazilian Federal Revenue Service [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BrazilianFederalRevenueServiceMember" xlink:to="label_BrazilianFederalRevenueServiceMember_1" xlink:title="Label : BrazilianFederalRevenueServiceMember to label_BrazilianFederalRevenueServiceMember_1" />
    <link:label xlink:type="resource" xlink:label="label_BrazilianFederalRevenueServiceMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BrazilianFederalRevenueServiceMember_2" xml:lang="en-US" id="label_BrazilianFederalRevenueServiceMember_2">Brazilian Federal Revenue Service [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BrazilianFederalRevenueServiceMember" xlink:to="label_BrazilianFederalRevenueServiceMember_2" xlink:title="Label : BrazilianFederalRevenueServiceMember to label_BrazilianFederalRevenueServiceMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SubsidiariesGroupFourMember" xlink:label="SubsidiariesGroupFourMember" xlink:title="SubsidiariesGroupFourMember" />
    <link:label xlink:type="resource" xlink:label="label_SubsidiariesGroupFourMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubsidiariesGroupFourMember" xml:lang="en-US" id="label_SubsidiariesGroupFourMember">Subsidiaries Group Four [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsidiariesGroupFourMember" xlink:to="label_SubsidiariesGroupFourMember" xlink:title="Label : SubsidiariesGroupFourMember to label_SubsidiariesGroupFourMember" />
    <link:label xlink:type="resource" xlink:label="label_SubsidiariesGroupFourMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SubsidiariesGroupFourMember_1" xml:lang="en-US" id="label_SubsidiariesGroupFourMember_1">Represents information pertaining to group of subsidiaries, four.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsidiariesGroupFourMember" xlink:to="label_SubsidiariesGroupFourMember_1" xlink:title="Label : SubsidiariesGroupFourMember to label_SubsidiariesGroupFourMember_1" />
    <link:label xlink:type="resource" xlink:label="label_SubsidiariesGroupFourMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SubsidiariesGroupFourMember_2" xml:lang="en-US" id="label_SubsidiariesGroupFourMember_2">Subsidiaries Ipiranga Produtos de Petr&#xF3;leo S.A. (&#x201C;IPP&#x201D;), Tropical Transportes Ipiranga Ltda (&#x201C;Tropical&#x201D;), AMPM, Iconic and Ultragaz [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsidiariesGroupFourMember" xlink:to="label_SubsidiariesGroupFourMember_2" xlink:title="Label : SubsidiariesGroupFourMember to label_SubsidiariesGroupFourMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SubsidiariesGroupThreeMember" xlink:label="SubsidiariesGroupThreeMember" xlink:title="SubsidiariesGroupThreeMember" />
    <link:label xlink:type="resource" xlink:label="label_SubsidiariesGroupThreeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubsidiariesGroupThreeMember" xml:lang="en-US" id="label_SubsidiariesGroupThreeMember">Subsidiaries Group Three [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsidiariesGroupThreeMember" xlink:to="label_SubsidiariesGroupThreeMember" xlink:title="Label : SubsidiariesGroupThreeMember to label_SubsidiariesGroupThreeMember" />
    <link:label xlink:type="resource" xlink:label="label_SubsidiariesGroupThreeMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SubsidiariesGroupThreeMember_1" xml:lang="en-US" id="label_SubsidiariesGroupThreeMember_1">Represents information pertaining to group of subsidiaries, three.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsidiariesGroupThreeMember" xlink:to="label_SubsidiariesGroupThreeMember_1" xlink:title="Label : SubsidiariesGroupThreeMember to label_SubsidiariesGroupThreeMember_1" />
    <link:label xlink:type="resource" xlink:label="label_SubsidiariesGroupThreeMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SubsidiariesGroupThreeMember_2" xml:lang="en-US" id="label_SubsidiariesGroupThreeMember_2">Subsidiary Extrafarma [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsidiariesGroupThreeMember" xlink:to="label_SubsidiariesGroupThreeMember_2" xlink:title="Label : SubsidiariesGroupThreeMember to label_SubsidiariesGroupThreeMember_2" />
    <link:label xlink:type="resource" xlink:label="label_SubsidiariesGroupTwoMember_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_SubsidiariesGroupTwoMember_1" xml:lang="en-US" id="label_SubsidiariesGroupTwoMember_1">Iconic Lubrificantes S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsidiariesGroupTwoMember" xlink:to="label_SubsidiariesGroupTwoMember_1" xlink:title="Label : SubsidiariesGroupTwoMember to label_SubsidiariesGroupTwoMember_1" />
    <link:label xlink:type="resource" xlink:label="label_SubsidiariesGroupTwoMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubsidiariesGroupTwoMember_2" xml:lang="en-US" id="label_SubsidiariesGroupTwoMember_2">Subsidiaries Group Two [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsidiariesGroupTwoMember" xlink:to="label_SubsidiariesGroupTwoMember_2" xlink:title="Label : SubsidiariesGroupTwoMember to label_SubsidiariesGroupTwoMember_2" />
    <link:label xlink:type="resource" xlink:label="label_SubsidiariesGroupTwoMember_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SubsidiariesGroupTwoMember_3" xml:lang="en-US" id="label_SubsidiariesGroupTwoMember_3">Represents information pertaining to group of subsidiaries, two.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsidiariesGroupTwoMember" xlink:to="label_SubsidiariesGroupTwoMember_3" xlink:title="Label : SubsidiariesGroupTwoMember to label_SubsidiariesGroupTwoMember_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SubsidiariesGroupOneMember" xlink:label="SubsidiariesGroupOneMember" xlink:title="SubsidiariesGroupOneMember" />
    <link:label xlink:type="resource" xlink:label="label_SubsidiariesGroupOneMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SubsidiariesGroupOneMember" xml:lang="en-US" id="label_SubsidiariesGroupOneMember">Subsidiaries Oxiteno S.A., Empresa Carioca de Produtos Qu&#xED;micos S.A. (&#x201C;EMCA&#x201D;) e Oleoqu&#xED;mica Ind&#xFA;stria e Com&#xE9;rcio de Produtos Qu&#xED;micos Ltda. (&#x201C;Oleoqu&#xED;mica&#x201D;) [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsidiariesGroupOneMember" xlink:to="label_SubsidiariesGroupOneMember" xlink:title="Label : SubsidiariesGroupOneMember to label_SubsidiariesGroupOneMember" />
    <link:label xlink:type="resource" xlink:label="label_SubsidiariesGroupOneMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SubsidiariesGroupOneMember_1" xml:lang="en-US" id="label_SubsidiariesGroupOneMember_1">Represents information pertaining to group of subsidiaries, one.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsidiariesGroupOneMember" xlink:to="label_SubsidiariesGroupOneMember_1" xlink:title="Label : SubsidiariesGroupOneMember to label_SubsidiariesGroupOneMember_1" />
    <link:label xlink:type="resource" xlink:label="label_SubsidiariesGroupOneMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubsidiariesGroupOneMember_2" xml:lang="en-US" id="label_SubsidiariesGroupOneMember_2">Subsidiaries Group One [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsidiariesGroupOneMember" xlink:to="label_SubsidiariesGroupOneMember_2" xlink:title="Label : SubsidiariesGroupOneMember to label_SubsidiariesGroupOneMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentTaxAssets" xlink:label="CurrentTaxAssets" xlink:title="CurrentTaxAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CurrentTaxAssets" xml:lang="en-US" id="label_CurrentTaxAssets">Recoverable and social contribution taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxAssets" xlink:to="label_CurrentTaxAssets" xlink:title="Label : CurrentTaxAssets to label_CurrentTaxAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxAssets_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentTaxAssets_1" xml:lang="en-US" id="label_CurrentTaxAssets_1">Current tax assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxAssets" xlink:to="label_CurrentTaxAssets_1" xlink:title="Label : CurrentTaxAssets to label_CurrentTaxAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxAssets_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentTaxAssets_2" xml:lang="en-US" id="label_CurrentTaxAssets_2">Recoverable income and social contribution taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxAssets" xlink:to="label_CurrentTaxAssets_2" xlink:title="Label : CurrentTaxAssets to label_CurrentTaxAssets_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IrpjandcsllMember" xlink:label="IrpjandcsllMember" xlink:title="IrpjandcsllMember" />
    <link:label xlink:type="resource" xlink:label="label_IrpjandcsllMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IrpjandcsllMember" xml:lang="en-US" id="label_IrpjandcsllMember">This member stands for the information pertaining to current and deferred income tax (IRPJ) and social contribution on net income tax (CSLL).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IrpjandcsllMember" xlink:to="label_IrpjandcsllMember" xlink:title="Label : IrpjandcsllMember to label_IrpjandcsllMember" />
    <link:label xlink:type="resource" xlink:label="label_IrpjandcsllMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IrpjandcsllMember_1" xml:lang="en-US" id="label_IrpjandcsllMember_1">IRPJ and CSLL [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IrpjandcsllMember" xlink:to="label_IrpjandcsllMember_1" xlink:title="Label : IrpjandcsllMember to label_IrpjandcsllMember_1" />
    <link:label xlink:type="resource" xlink:label="label_IrpjandcsllMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IrpjandcsllMember_2" xml:lang="en-US" id="label_IrpjandcsllMember_2">Irpjandcsll [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IrpjandcsllMember" xlink:to="label_IrpjandcsllMember_2" xlink:title="Label : IrpjandcsllMember to label_IrpjandcsllMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LaterThanSevenYearsAndNotLaterThanTenYearsMember" xlink:label="LaterThanSevenYearsAndNotLaterThanTenYearsMember" xlink:title="LaterThanSevenYearsAndNotLaterThanTenYearsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanSevenYearsAndNotLaterThanTenYearsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LaterThanSevenYearsAndNotLaterThanTenYearsMember" xml:lang="en-US" id="label_LaterThanSevenYearsAndNotLaterThanTenYearsMember">From 7 to 10 Years</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanSevenYearsAndNotLaterThanTenYearsMember" xlink:to="label_LaterThanSevenYearsAndNotLaterThanTenYearsMember" xlink:title="Label : LaterThanSevenYearsAndNotLaterThanTenYearsMember to label_LaterThanSevenYearsAndNotLaterThanTenYearsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanSevenYearsAndNotLaterThanTenYearsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanSevenYearsAndNotLaterThanTenYearsMember_1" xml:lang="en-US" id="label_LaterThanSevenYearsAndNotLaterThanTenYearsMember_1">Later than seven years and not later than ten years [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanSevenYearsAndNotLaterThanTenYearsMember" xlink:to="label_LaterThanSevenYearsAndNotLaterThanTenYearsMember_1" xlink:title="Label : LaterThanSevenYearsAndNotLaterThanTenYearsMember to label_LaterThanSevenYearsAndNotLaterThanTenYearsMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:label="LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:title="LaterThanFourYearsAndNotLaterThanFiveYearsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xml:lang="en-US" id="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember">4 to 5 years [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:to="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:title="Label : LaterThanFourYearsAndNotLaterThanFiveYearsMember to label_LaterThanFourYearsAndNotLaterThanFiveYearsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember_1" xml:lang="en-US" id="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember_1">Later than four years and not later than five years [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:to="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember_1" xlink:title="Label : LaterThanFourYearsAndNotLaterThanFiveYearsMember to label_LaterThanFourYearsAndNotLaterThanFiveYearsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember_2" xml:lang="en-US" id="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember_2">4 to 5 years</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:to="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember_2" xlink:title="Label : LaterThanFourYearsAndNotLaterThanFiveYearsMember to label_LaterThanFourYearsAndNotLaterThanFiveYearsMember_2" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanThreeYearsAndNotLaterThanFourYearsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaterThanThreeYearsAndNotLaterThanFourYearsMember_1" xml:lang="en-US" id="label_LaterThanThreeYearsAndNotLaterThanFourYearsMember_1">3 to 4 years [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:to="label_LaterThanThreeYearsAndNotLaterThanFourYearsMember_1" xlink:title="Label : LaterThanThreeYearsAndNotLaterThanFourYearsMember to label_LaterThanThreeYearsAndNotLaterThanFourYearsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanThreeYearsAndNotLaterThanFourYearsMember_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LaterThanThreeYearsAndNotLaterThanFourYearsMember_2" xml:lang="en-US" id="label_LaterThanThreeYearsAndNotLaterThanFourYearsMember_2">3 to 4 years</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:to="label_LaterThanThreeYearsAndNotLaterThanFourYearsMember_2" xlink:title="Label : LaterThanThreeYearsAndNotLaterThanFourYearsMember to label_LaterThanThreeYearsAndNotLaterThanFourYearsMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsLineItems" xlink:label="DisclosureOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsLineItems" xlink:title="DisclosureOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsLineItems" xml:lang="en-US" id="label_DisclosureOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsLineItems">Disclosure of estimated recovery of ICMS credits [line items]</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanThreeYearsAndNotLaterThanFiveYearsMember" xlink:to="label_LaterThanThreeYearsAndNotLaterThanFiveYearsMember_1" xlink:title="Label : LaterThanThreeYearsAndNotLaterThanFiveYearsMember to label_LaterThanThreeYearsAndNotLaterThanFiveYearsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanThreeYearsAndNotLaterThanFiveYearsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaterThanThreeYearsAndNotLaterThanFiveYearsMember_2" xml:lang="en-US" id="label_LaterThanThreeYearsAndNotLaterThanFiveYearsMember_2">Between 3 and 5 years [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanThreeYearsAndNotLaterThanFiveYearsMember" xlink:to="label_LaterThanThreeYearsAndNotLaterThanFiveYearsMember_2" xlink:title="Label : LaterThanThreeYearsAndNotLaterThanFiveYearsMember to label_LaterThanThreeYearsAndNotLaterThanFiveYearsMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:label="LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:title="LaterThanTwoYearsAndNotLaterThanThreeYearsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xml:lang="en-US" id="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember">Later than two years and not later than three years [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:to="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:title="Label : LaterThanTwoYearsAndNotLaterThanThreeYearsMember to label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_1" xml:lang="en-US" id="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_1">2 to 3 years</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:to="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_1" xlink:title="Label : LaterThanTwoYearsAndNotLaterThanThreeYearsMember to label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_2" xml:lang="en-US" id="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_2">2 to 3 years [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:to="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_2" xlink:title="Label : LaterThanTwoYearsAndNotLaterThanThreeYearsMember to label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:label="LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:title="LaterThanOneYearAndNotLaterThanTwoYearsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanOneYearAndNotLaterThanTwoYearsMember" xml:lang="en-US" id="label_LaterThanOneYearAndNotLaterThanTwoYearsMember">Later than one year and not later than two years [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:to="label_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:title="Label : LaterThanOneYearAndNotLaterThanTwoYearsMember to label_LaterThanOneYearAndNotLaterThanTwoYearsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanOneYearAndNotLaterThanTwoYearsMember_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LaterThanOneYearAndNotLaterThanTwoYearsMember_1" xml:lang="en-US" id="label_LaterThanOneYearAndNotLaterThanTwoYearsMember_1">1 to 2 years</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:to="label_LaterThanOneYearAndNotLaterThanTwoYearsMember_1" xlink:title="Label : LaterThanOneYearAndNotLaterThanTwoYearsMember to label_LaterThanOneYearAndNotLaterThanTwoYearsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanOneYearAndNotLaterThanTwoYearsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaterThanOneYearAndNotLaterThanTwoYearsMember_2" xml:lang="en-US" id="label_LaterThanOneYearAndNotLaterThanTwoYearsMember_2">1 to 2 years [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:to="label_LaterThanOneYearAndNotLaterThanTwoYearsMember_2" xlink:title="Label : LaterThanOneYearAndNotLaterThanTwoYearsMember to label_LaterThanOneYearAndNotLaterThanTwoYearsMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NotLaterThanOneYearMember" xlink:label="NotLaterThanOneYearMember" xlink:title="NotLaterThanOneYearMember" />
    <link:label xlink:type="resource" xlink:label="label_NotLaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotLaterThanOneYearMember" xml:lang="en-US" id="label_NotLaterThanOneYearMember">Not later than one year [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotLaterThanOneYearMember" xlink:to="label_NotLaterThanOneYearMember" xlink:title="Label : NotLaterThanOneYearMember to label_NotLaterThanOneYearMember" />
    <link:label xlink:type="resource" xlink:label="label_NotLaterThanOneYearMember_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NotLaterThanOneYearMember_1" xml:lang="en-US" id="label_NotLaterThanOneYearMember_1">Less than 1 year [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotLaterThanOneYearMember" xlink:to="label_NotLaterThanOneYearMember_1" xlink:title="Label : NotLaterThanOneYearMember to label_NotLaterThanOneYearMember_1" />
    <link:label xlink:type="resource" xlink:label="label_NotLaterThanOneYearMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NotLaterThanOneYearMember_2" xml:lang="en-US" id="label_NotLaterThanOneYearMember_2">Up to 1 year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotLaterThanOneYearMember" xlink:to="label_NotLaterThanOneYearMember_2" xlink:title="Label : NotLaterThanOneYearMember to label_NotLaterThanOneYearMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_MaturityDomain" xlink:label="MaturityDomain" xlink:title="MaturityDomain" />
    <link:label xlink:type="resource" xlink:label="label_MaturityDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaturityDomain" xml:lang="en-US" id="label_MaturityDomain">Maturity [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityDomain" xlink:to="label_MaturityDomain" xlink:title="Label : MaturityDomain to label_MaturityDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_MaturityAxis" xlink:label="MaturityAxis" xlink:title="MaturityAxis" />
    <link:label xlink:type="resource" xlink:label="label_MaturityAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MaturityAxis" xml:lang="en-US" id="label_MaturityAxis">Maturity [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityAxis" xlink:to="label_MaturityAxis" xlink:title="Label : MaturityAxis to label_MaturityAxis" />
    <link:label xlink:type="resource" xlink:label="label_MaturityAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaturityAxis_1" xml:lang="en-US" id="label_MaturityAxis_1">Maturity [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityAxis" xlink:to="label_MaturityAxis_1" xlink:title="Label : MaturityAxis to label_MaturityAxis_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTable" xlink:label="DisclosureOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTable" xlink:title="DisclosureOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTable" xml:lang="en-US" id="label_DisclosureOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTable">Disclosure of estimated recovery of ICMS credits [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTable" xlink:to="label_DisclosureOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTable" xlink:title="Label : DisclosureOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTable to label_DisclosureOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTable" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ReceivablesFromTaxesOtherThanIncomeTax" xlink:label="ReceivablesFromTaxesOtherThanIncomeTax" xlink:title="ReceivablesFromTaxesOtherThanIncomeTax" />
    <link:label xlink:type="resource" xlink:label="label_ReceivablesFromTaxesOtherThanIncomeTax" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_ReceivablesFromTaxesOtherThanIncomeTax" xml:lang="en-US" id="label_ReceivablesFromTaxesOtherThanIncomeTax">Recoverable taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReceivablesFromTaxesOtherThanIncomeTax" xlink:to="label_ReceivablesFromTaxesOtherThanIncomeTax" xlink:title="Label : ReceivablesFromTaxesOtherThanIncomeTax to label_ReceivablesFromTaxesOtherThanIncomeTax" />
    <link:label xlink:type="resource" xlink:label="label_ReceivablesFromTaxesOtherThanIncomeTax_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReceivablesFromTaxesOtherThanIncomeTax_1" xml:lang="en-US" id="label_ReceivablesFromTaxesOtherThanIncomeTax_1">Total recoverable PIS and COFINS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReceivablesFromTaxesOtherThanIncomeTax" xlink:to="label_ReceivablesFromTaxesOtherThanIncomeTax_1" xlink:title="Label : ReceivablesFromTaxesOtherThanIncomeTax to label_ReceivablesFromTaxesOtherThanIncomeTax_1" />
    <link:label xlink:type="resource" xlink:label="label_ReceivablesFromTaxesOtherThanIncomeTax_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReceivablesFromTaxesOtherThanIncomeTax_2" xml:lang="en-US" id="label_ReceivablesFromTaxesOtherThanIncomeTax_2">Receivables from taxes other than income tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReceivablesFromTaxesOtherThanIncomeTax" xlink:to="label_ReceivablesFromTaxesOtherThanIncomeTax_2" xlink:title="Label : ReceivablesFromTaxesOtherThanIncomeTax to label_ReceivablesFromTaxesOtherThanIncomeTax_2" />
    <link:label xlink:type="resource" xlink:label="label_ReceivablesFromTaxesOtherThanIncomeTax_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ReceivablesFromTaxesOtherThanIncomeTax_3" xml:lang="en-US" id="label_ReceivablesFromTaxesOtherThanIncomeTax_3">Recoverable taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReceivablesFromTaxesOtherThanIncomeTax" xlink:to="label_ReceivablesFromTaxesOtherThanIncomeTax_3" xlink:title="Label : ReceivablesFromTaxesOtherThanIncomeTax to label_ReceivablesFromTaxesOtherThanIncomeTax_3" />
    <link:label xlink:type="resource" xlink:label="label_ReceivablesFromTaxesOtherThanIncomeTax_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ReceivablesFromTaxesOtherThanIncomeTax_4" xml:lang="en-US" id="label_ReceivablesFromTaxesOtherThanIncomeTax_4">Estimated recovery of PIS and COFINS credits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReceivablesFromTaxesOtherThanIncomeTax" xlink:to="label_ReceivablesFromTaxesOtherThanIncomeTax_4" xlink:title="Label : ReceivablesFromTaxesOtherThanIncomeTax to label_ReceivablesFromTaxesOtherThanIncomeTax_4" />
    <link:label xlink:type="resource" xlink:label="label_ReceivablesFromTaxesOtherThanIncomeTax_5" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel" xlink:title="label_ReceivablesFromTaxesOtherThanIncomeTax_5" xml:lang="en-US" id="label_ReceivablesFromTaxesOtherThanIncomeTax_5">Total recoverable ICMS, net of provision</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReceivablesFromTaxesOtherThanIncomeTax" xlink:to="label_ReceivablesFromTaxesOtherThanIncomeTax_5" xlink:title="Label : ReceivablesFromTaxesOtherThanIncomeTax to label_ReceivablesFromTaxesOtherThanIncomeTax_5" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SummaryOfRecoverableTaxesLineItems" xlink:label="SummaryOfRecoverableTaxesLineItems" xlink:title="SummaryOfRecoverableTaxesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfRecoverableTaxesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SummaryOfRecoverableTaxesLineItems" xml:lang="en-US" id="label_SummaryOfRecoverableTaxesLineItems">Summary of recoverable taxes.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfRecoverableTaxesLineItems" xlink:to="label_SummaryOfRecoverableTaxesLineItems" xlink:title="Label : SummaryOfRecoverableTaxesLineItems to label_SummaryOfRecoverableTaxesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfRecoverableTaxesLineItems_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SummaryOfRecoverableTaxesLineItems_1" xml:lang="en-US" id="label_SummaryOfRecoverableTaxesLineItems_1">Summary of recoverable taxes [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfRecoverableTaxesLineItems" xlink:to="label_SummaryOfRecoverableTaxesLineItems_1" xlink:title="Label : SummaryOfRecoverableTaxesLineItems to label_SummaryOfRecoverableTaxesLineItems_1" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfRecoverableTaxesLineItems_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SummaryOfRecoverableTaxesLineItems_2" xml:lang="en-US" id="label_SummaryOfRecoverableTaxesLineItems_2">Summary of recoverable taxes [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfRecoverableTaxesLineItems" xlink:to="label_SummaryOfRecoverableTaxesLineItems_2" xlink:title="Label : SummaryOfRecoverableTaxesLineItems to label_SummaryOfRecoverableTaxesLineItems_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OtherTaxesReceivableMember" xlink:label="OtherTaxesReceivableMember" xlink:title="OtherTaxesReceivableMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherTaxesReceivableMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherTaxesReceivableMember" xml:lang="en-US" id="label_OtherTaxesReceivableMember">Others [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherTaxesReceivableMember" xlink:to="label_OtherTaxesReceivableMember" xlink:title="Label : OtherTaxesReceivableMember to label_OtherTaxesReceivableMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherTaxesReceivableMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherTaxesReceivableMember_1" xml:lang="en-US" id="label_OtherTaxesReceivableMember_1">This member stands for the information pertaining to other taxes receivable.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherTaxesReceivableMember" xlink:to="label_OtherTaxesReceivableMember_1" xlink:title="Label : OtherTaxesReceivableMember to label_OtherTaxesReceivableMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherTaxesReceivableMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherTaxesReceivableMember_2" xml:lang="en-US" id="label_OtherTaxesReceivableMember_2">Other Taxes Receivable [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherTaxesReceivableMember" xlink:to="label_OtherTaxesReceivableMember_2" xlink:title="Label : OtherTaxesReceivableMember to label_OtherTaxesReceivableMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ValueAddedTaxIvaOfForeignSubsidiariesMember" xlink:label="ValueAddedTaxIvaOfForeignSubsidiariesMember" xlink:title="ValueAddedTaxIvaOfForeignSubsidiariesMember" />
    <link:label xlink:type="resource" xlink:label="label_ValueAddedTaxIvaOfForeignSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ValueAddedTaxIvaOfForeignSubsidiariesMember" xml:lang="en-US" id="label_ValueAddedTaxIvaOfForeignSubsidiariesMember">This member stands for the information pertaining to Value-added tax (IVA) of foreign subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ValueAddedTaxIvaOfForeignSubsidiariesMember" xlink:to="label_ValueAddedTaxIvaOfForeignSubsidiariesMember" xlink:title="Label : ValueAddedTaxIvaOfForeignSubsidiariesMember to label_ValueAddedTaxIvaOfForeignSubsidiariesMember" />
    <link:label xlink:type="resource" xlink:label="label_ValueAddedTaxIvaOfForeignSubsidiariesMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ValueAddedTaxIvaOfForeignSubsidiariesMember_1" xml:lang="en-US" id="label_ValueAddedTaxIvaOfForeignSubsidiariesMember_1">Value-Added Tax (IVA) of foreign subsidiaries [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ValueAddedTaxIvaOfForeignSubsidiariesMember" xlink:to="label_ValueAddedTaxIvaOfForeignSubsidiariesMember_1" xlink:title="Label : ValueAddedTaxIvaOfForeignSubsidiariesMember to label_ValueAddedTaxIvaOfForeignSubsidiariesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ValueAddedTaxIvaOfForeignSubsidiariesMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ValueAddedTaxIvaOfForeignSubsidiariesMember_2" xml:lang="en-US" id="label_ValueAddedTaxIvaOfForeignSubsidiariesMember_2">Value Added Tax IVA Of Foreign Subsidiaries [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ValueAddedTaxIvaOfForeignSubsidiariesMember" xlink:to="label_ValueAddedTaxIvaOfForeignSubsidiariesMember_2" xlink:title="Label : ValueAddedTaxIvaOfForeignSubsidiariesMember to label_ValueAddedTaxIvaOfForeignSubsidiariesMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PisAndCofinsStateVATMember" xlink:label="PisAndCofinsStateVATMember" xlink:title="PisAndCofinsStateVATMember" />
    <link:label xlink:type="resource" xlink:label="label_PisAndCofinsStateVATMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PisAndCofinsStateVATMember" xml:lang="en-US" id="label_PisAndCofinsStateVATMember">PIS and COFINS - Federal VAT [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PisAndCofinsStateVATMember" xlink:to="label_PisAndCofinsStateVATMember" xlink:title="Label : PisAndCofinsStateVATMember to label_PisAndCofinsStateVATMember" />
    <link:label xlink:type="resource" xlink:label="label_PisAndCofinsStateVATMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PisAndCofinsStateVATMember_1" xml:lang="en-US" id="label_PisAndCofinsStateVATMember_1">PIS and COFINS [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PisAndCofinsStateVATMember" xlink:to="label_PisAndCofinsStateVATMember_1" xlink:title="Label : PisAndCofinsStateVATMember to label_PisAndCofinsStateVATMember_1" />
    <link:label xlink:type="resource" xlink:label="label_PisAndCofinsStateVATMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PisAndCofinsStateVATMember_2" xml:lang="en-US" id="label_PisAndCofinsStateVATMember_2">PIS and COFINS (State VAT) [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PisAndCofinsStateVATMember" xlink:to="label_PisAndCofinsStateVATMember_2" xlink:title="Label : PisAndCofinsStateVATMember to label_PisAndCofinsStateVATMember_2" />
    <link:label xlink:type="resource" xlink:label="label_PisAndCofinsStateVATMember_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PisAndCofinsStateVATMember_3" xml:lang="en-US" id="label_PisAndCofinsStateVATMember_3">This member stands for the information pertaining to Contribution for Social Security Financing (COFINS) and Social Integration Program (PIS).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PisAndCofinsStateVATMember" xlink:to="label_PisAndCofinsStateVATMember_3" xlink:title="Label : PisAndCofinsStateVATMember to label_PisAndCofinsStateVATMember_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ICMSStatevatMember" xlink:label="ICMSStatevatMember" xlink:title="ICMSStatevatMember" />
    <link:label xlink:type="resource" xlink:label="label_ICMSStatevatMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ICMSStatevatMember" xml:lang="en-US" id="label_ICMSStatevatMember">ICMS State vat [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ICMSStatevatMember" xlink:to="label_ICMSStatevatMember" xlink:title="Label : ICMSStatevatMember to label_ICMSStatevatMember" />
    <link:label xlink:type="resource" xlink:label="label_ICMSStatevatMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ICMSStatevatMember_1" xml:lang="en-US" id="label_ICMSStatevatMember_1">This member stands for the information pertaining to credits of Tax on Goods and Services (ICMS, the Brazilian VAT).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ICMSStatevatMember" xlink:to="label_ICMSStatevatMember_1" xlink:title="Label : ICMSStatevatMember to label_ICMSStatevatMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ICMSStatevatMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ICMSStatevatMember_2" xml:lang="en-US" id="label_ICMSStatevatMember_2">ICMS - State VAT [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ICMSStatevatMember" xlink:to="label_ICMSStatevatMember_2" xlink:title="Label : ICMSStatevatMember to label_ICMSStatevatMember_2" />
    <link:label xlink:type="resource" xlink:label="label_ICMSStatevatMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ICMSStatevatMember_3" xml:lang="en-US" id="label_ICMSStatevatMember_3">ICMS [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ICMSStatevatMember" xlink:to="label_ICMSStatevatMember_3" xlink:title="Label : ICMSStatevatMember to label_ICMSStatevatMember_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SummaryOfRecoverableTaxesTable" xlink:label="SummaryOfRecoverableTaxesTable" xlink:title="SummaryOfRecoverableTaxesTable" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfRecoverableTaxesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SummaryOfRecoverableTaxesTable" xml:lang="en-US" id="label_SummaryOfRecoverableTaxesTable">Summary of recoverable taxes [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfRecoverableTaxesTable" xlink:to="label_SummaryOfRecoverableTaxesTable" xlink:title="Label : SummaryOfRecoverableTaxesTable to label_SummaryOfRecoverableTaxesTable" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfRecoverableTaxesTable_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SummaryOfRecoverableTaxesTable_1" xml:lang="en-US" id="label_SummaryOfRecoverableTaxesTable_1">Summary of recoverable taxes [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfRecoverableTaxesTable" xlink:to="label_SummaryOfRecoverableTaxesTable_1" xlink:title="Label : SummaryOfRecoverableTaxesTable to label_SummaryOfRecoverableTaxesTable_1" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfRecoverableTaxesTable_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SummaryOfRecoverableTaxesTable_2" xml:lang="en-US" id="label_SummaryOfRecoverableTaxesTable_2">Summary of recoverable taxes [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfRecoverableTaxesTable" xlink:to="label_SummaryOfRecoverableTaxesTable_2" xlink:title="Label : SummaryOfRecoverableTaxesTable to label_SummaryOfRecoverableTaxesTable_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ObsolescenceAndOtherLosses" xlink:label="ObsolescenceAndOtherLosses" xlink:title="ObsolescenceAndOtherLosses" />
    <link:label xlink:type="resource" xlink:label="label_ObsolescenceAndOtherLosses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ObsolescenceAndOtherLosses" xml:lang="en-US" id="label_ObsolescenceAndOtherLosses">Obsolescence and other losses on the value of inventories.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ObsolescenceAndOtherLosses" xlink:to="label_ObsolescenceAndOtherLosses" xlink:title="Label : ObsolescenceAndOtherLosses to label_ObsolescenceAndOtherLosses" />
    <link:label xlink:type="resource" xlink:label="label_ObsolescenceAndOtherLosses_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ObsolescenceAndOtherLosses_1" xml:lang="en-US" id="label_ObsolescenceAndOtherLosses_1">Obsolescence and other losses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ObsolescenceAndOtherLosses" xlink:to="label_ObsolescenceAndOtherLosses_1" xlink:title="Label : ObsolescenceAndOtherLosses to label_ObsolescenceAndOtherLosses_1" />
    <link:label xlink:type="resource" xlink:label="label_ObsolescenceAndOtherLosses_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ObsolescenceAndOtherLosses_2" xml:lang="en-US" id="label_ObsolescenceAndOtherLosses_2">Obsolescence and other losses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ObsolescenceAndOtherLosses" xlink:to="label_ObsolescenceAndOtherLosses_2" xlink:title="Label : ObsolescenceAndOtherLosses to label_ObsolescenceAndOtherLosses_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NetRealizableValueAdjustment" xlink:label="NetRealizableValueAdjustment" xlink:title="NetRealizableValueAdjustment" />
    <link:label xlink:type="resource" xlink:label="label_NetRealizableValueAdjustment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NetRealizableValueAdjustment" xml:lang="en-US" id="label_NetRealizableValueAdjustment">Net realizable value adjustment on the value of inventories.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetRealizableValueAdjustment" xlink:to="label_NetRealizableValueAdjustment" xlink:title="Label : NetRealizableValueAdjustment to label_NetRealizableValueAdjustment" />
    <link:label xlink:type="resource" xlink:label="label_NetRealizableValueAdjustment_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetRealizableValueAdjustment_1" xml:lang="en-US" id="label_NetRealizableValueAdjustment_1">Net realizable value adjustment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetRealizableValueAdjustment" xlink:to="label_NetRealizableValueAdjustment_1" xlink:title="Label : NetRealizableValueAdjustment to label_NetRealizableValueAdjustment_1" />
    <link:label xlink:type="resource" xlink:label="label_NetRealizableValueAdjustment_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetRealizableValueAdjustment_2" xml:lang="en-US" id="label_NetRealizableValueAdjustment_2">Net realizable value adjustment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetRealizableValueAdjustment" xlink:to="label_NetRealizableValueAdjustment_2" xlink:title="Label : NetRealizableValueAdjustment to label_NetRealizableValueAdjustment_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ReversalsOfObsolescenceAndOtherLosses" xlink:label="ReversalsOfObsolescenceAndOtherLosses" xlink:title="ReversalsOfObsolescenceAndOtherLosses" />
    <link:label xlink:type="resource" xlink:label="label_ReversalsOfObsolescenceAndOtherLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReversalsOfObsolescenceAndOtherLosses" xml:lang="en-US" id="label_ReversalsOfObsolescenceAndOtherLosses">Reversals of obsolescence and other losses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReversalsOfObsolescenceAndOtherLosses" xlink:to="label_ReversalsOfObsolescenceAndOtherLosses" xlink:title="Label : ReversalsOfObsolescenceAndOtherLosses to label_ReversalsOfObsolescenceAndOtherLosses" />
    <link:label xlink:type="resource" xlink:label="label_ReversalsOfObsolescenceAndOtherLosses_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ReversalsOfObsolescenceAndOtherLosses_1" xml:lang="en-US" id="label_ReversalsOfObsolescenceAndOtherLosses_1">Reversal of provision for obsolescence and other losses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReversalsOfObsolescenceAndOtherLosses" xlink:to="label_ReversalsOfObsolescenceAndOtherLosses_1" xlink:title="Label : ReversalsOfObsolescenceAndOtherLosses to label_ReversalsOfObsolescenceAndOtherLosses_1" />
    <link:label xlink:type="resource" xlink:label="label_ReversalsOfObsolescenceAndOtherLosses_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReversalsOfObsolescenceAndOtherLosses_2" xml:lang="en-US" id="label_ReversalsOfObsolescenceAndOtherLosses_2">Reversals of provision obsolescence and other losses regarding provision for loss on the value of inventories.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReversalsOfObsolescenceAndOtherLosses" xlink:to="label_ReversalsOfObsolescenceAndOtherLosses_2" xlink:title="Label : ReversalsOfObsolescenceAndOtherLosses to label_ReversalsOfObsolescenceAndOtherLosses_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdditionsToObsolescenceAndOtherLosses" xlink:label="AdditionsToObsolescenceAndOtherLosses" xlink:title="AdditionsToObsolescenceAndOtherLosses" />
    <link:label xlink:type="resource" xlink:label="label_AdditionsToObsolescenceAndOtherLosses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdditionsToObsolescenceAndOtherLosses" xml:lang="en-US" id="label_AdditionsToObsolescenceAndOtherLosses">Additions to obsolescence and other losses.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionsToObsolescenceAndOtherLosses" xlink:to="label_AdditionsToObsolescenceAndOtherLosses" xlink:title="Label : AdditionsToObsolescenceAndOtherLosses to label_AdditionsToObsolescenceAndOtherLosses" />
    <link:label xlink:type="resource" xlink:label="label_AdditionsToObsolescenceAndOtherLosses_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdditionsToObsolescenceAndOtherLosses_1" xml:lang="en-US" id="label_AdditionsToObsolescenceAndOtherLosses_1">Addition to provision for obsolescence and other losses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionsToObsolescenceAndOtherLosses" xlink:to="label_AdditionsToObsolescenceAndOtherLosses_1" xlink:title="Label : AdditionsToObsolescenceAndOtherLosses to label_AdditionsToObsolescenceAndOtherLosses_1" />
    <link:label xlink:type="resource" xlink:label="label_AdditionsToObsolescenceAndOtherLosses_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionsToObsolescenceAndOtherLosses_2" xml:lang="en-US" id="label_AdditionsToObsolescenceAndOtherLosses_2">Additions to obsolescence and other losses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionsToObsolescenceAndOtherLosses" xlink:to="label_AdditionsToObsolescenceAndOtherLosses_2" xlink:title="Label : AdditionsToObsolescenceAndOtherLosses to label_AdditionsToObsolescenceAndOtherLosses_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdditionsToNetRealizableValueAdjustment" xlink:label="AdditionsToNetRealizableValueAdjustment" xlink:title="AdditionsToNetRealizableValueAdjustment" />
    <link:label xlink:type="resource" xlink:label="label_AdditionsToNetRealizableValueAdjustment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionsToNetRealizableValueAdjustment" xml:lang="en-US" id="label_AdditionsToNetRealizableValueAdjustment">Additions to net realizable value adjustment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionsToNetRealizableValueAdjustment" xlink:to="label_AdditionsToNetRealizableValueAdjustment" xlink:title="Label : AdditionsToNetRealizableValueAdjustment to label_AdditionsToNetRealizableValueAdjustment" />
    <link:label xlink:type="resource" xlink:label="label_AdditionsToNetRealizableValueAdjustment_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdditionsToNetRealizableValueAdjustment_1" xml:lang="en-US" id="label_AdditionsToNetRealizableValueAdjustment_1">Addition to provision for adjustment to realizable value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionsToNetRealizableValueAdjustment" xlink:to="label_AdditionsToNetRealizableValueAdjustment_1" xlink:title="Label : AdditionsToNetRealizableValueAdjustment to label_AdditionsToNetRealizableValueAdjustment_1" />
    <link:label xlink:type="resource" xlink:label="label_AdditionsToNetRealizableValueAdjustment_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdditionsToNetRealizableValueAdjustment_2" xml:lang="en-US" id="label_AdditionsToNetRealizableValueAdjustment_2">Additions (reversals) to net realizable value adjustment regarding provision for loss on the value of inventories.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionsToNetRealizableValueAdjustment" xlink:to="label_AdditionsToNetRealizableValueAdjustment_2" xlink:title="Label : AdditionsToNetRealizableValueAdjustment to label_AdditionsToNetRealizableValueAdjustment_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ProvisionForLossesInventories" xlink:label="ProvisionForLossesInventories" xlink:title="ProvisionForLossesInventories" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForLossesInventories" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ProvisionForLossesInventories" xml:lang="en-US" id="label_ProvisionForLossesInventories">Total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForLossesInventories" xlink:to="label_ProvisionForLossesInventories" xlink:title="Label : ProvisionForLossesInventories to label_ProvisionForLossesInventories" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForLossesInventories_1" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_ProvisionForLossesInventories_1" xml:lang="en-US" id="label_ProvisionForLossesInventories_1">Provisions for inventory losses, ending</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForLossesInventories" xlink:to="label_ProvisionForLossesInventories_1" xlink:title="Label : ProvisionForLossesInventories to label_ProvisionForLossesInventories_1" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForLossesInventories_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_ProvisionForLossesInventories_2" xml:lang="en-US" id="label_ProvisionForLossesInventories_2">Provisions for inventory losses, beginning</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForLossesInventories" xlink:to="label_ProvisionForLossesInventories_2" xlink:title="Label : ProvisionForLossesInventories to label_ProvisionForLossesInventories_2" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForLossesInventories_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProvisionForLossesInventories_3" xml:lang="en-US" id="label_ProvisionForLossesInventories_3">Provision for losses inventories</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForLossesInventories" xlink:to="label_ProvisionForLossesInventories_3" xlink:title="Label : ProvisionForLossesInventories to label_ProvisionForLossesInventories_3" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForLossesInventories_4" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ProvisionForLossesInventories_4" xml:lang="en-US" id="label_ProvisionForLossesInventories_4">Provision for losses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForLossesInventories" xlink:to="label_ProvisionForLossesInventories_4" xlink:title="Label : ProvisionForLossesInventories to label_ProvisionForLossesInventories_4" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForLossesInventories_5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProvisionForLossesInventories_5" xml:lang="en-US" id="label_ProvisionForLossesInventories_5">The amount of accumulated provision for losses of inventories.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForLossesInventories" xlink:to="label_ProvisionForLossesInventories_5" xlink:title="Label : ProvisionForLossesInventories to label_ProvisionForLossesInventories_5" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SummaryOfInventoriesLineItems" xlink:label="SummaryOfInventoriesLineItems" xlink:title="SummaryOfInventoriesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfInventoriesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SummaryOfInventoriesLineItems" xml:lang="en-US" id="label_SummaryOfInventoriesLineItems">Summary of inventories.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfInventoriesLineItems" xlink:to="label_SummaryOfInventoriesLineItems" xlink:title="Label : SummaryOfInventoriesLineItems to label_SummaryOfInventoriesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfInventoriesLineItems_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SummaryOfInventoriesLineItems_1" xml:lang="en-US" id="label_SummaryOfInventoriesLineItems_1">Summary of inventories [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfInventoriesLineItems" xlink:to="label_SummaryOfInventoriesLineItems_1" xlink:title="Label : SummaryOfInventoriesLineItems to label_SummaryOfInventoriesLineItems_1" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfInventoriesLineItems_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SummaryOfInventoriesLineItems_2" xml:lang="en-US" id="label_SummaryOfInventoriesLineItems_2">Summary of inventories [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfInventoriesLineItems" xlink:to="label_SummaryOfInventoriesLineItems_2" xlink:title="Label : SummaryOfInventoriesLineItems to label_SummaryOfInventoriesLineItems_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PharmaceuticalHygieneBeautyProductsMember" xlink:label="PharmaceuticalHygieneBeautyProductsMember" xlink:title="PharmaceuticalHygieneBeautyProductsMember" />
    <link:label xlink:type="resource" xlink:label="label_PharmaceuticalHygieneBeautyProductsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PharmaceuticalHygieneBeautyProductsMember" xml:lang="en-US" id="label_PharmaceuticalHygieneBeautyProductsMember">Pharmaceutical hygiene beauty products member</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PharmaceuticalHygieneBeautyProductsMember" xlink:to="label_PharmaceuticalHygieneBeautyProductsMember" xlink:title="Label : PharmaceuticalHygieneBeautyProductsMember to label_PharmaceuticalHygieneBeautyProductsMember" />
    <link:label xlink:type="resource" xlink:label="label_PharmaceuticalHygieneBeautyProductsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PharmaceuticalHygieneBeautyProductsMember_1" xml:lang="en-US" id="label_PharmaceuticalHygieneBeautyProductsMember_1">Pharmaceutical hygiene beauty products [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PharmaceuticalHygieneBeautyProductsMember" xlink:to="label_PharmaceuticalHygieneBeautyProductsMember_1" xlink:title="Label : PharmaceuticalHygieneBeautyProductsMember to label_PharmaceuticalHygieneBeautyProductsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_PharmaceuticalHygieneBeautyProductsMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PharmaceuticalHygieneBeautyProductsMember_2" xml:lang="en-US" id="label_PharmaceuticalHygieneBeautyProductsMember_2">This member stands for the information pertaining to purchase for future delivery inventory.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PharmaceuticalHygieneBeautyProductsMember" xlink:to="label_PharmaceuticalHygieneBeautyProductsMember_2" xlink:title="Label : PharmaceuticalHygieneBeautyProductsMember to label_PharmaceuticalHygieneBeautyProductsMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_WorkInProcessMember" xlink:label="WorkInProcessMember" xlink:title="WorkInProcessMember" />
    <link:label xlink:type="resource" xlink:label="label_WorkInProcessMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WorkInProcessMember" xml:lang="en-US" id="label_WorkInProcessMember">Work in process [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WorkInProcessMember" xlink:to="label_WorkInProcessMember" xlink:title="Label : WorkInProcessMember to label_WorkInProcessMember" />
    <link:label xlink:type="resource" xlink:label="label_WorkInProcessMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_WorkInProcessMember_1" xml:lang="en-US" id="label_WorkInProcessMember_1">Work in process [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WorkInProcessMember" xlink:to="label_WorkInProcessMember_1" xlink:title="Label : WorkInProcessMember to label_WorkInProcessMember_1" />
    <link:label xlink:type="resource" xlink:label="label_WorkInProcessMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_WorkInProcessMember_2" xml:lang="en-US" id="label_WorkInProcessMember_2">This member stands for the information pertaining to work in process inventory.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WorkInProcessMember" xlink:to="label_WorkInProcessMember_2" xlink:title="Label : WorkInProcessMember to label_WorkInProcessMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FinishedGoodsMember" xlink:label="FinishedGoodsMember" xlink:title="FinishedGoodsMember" />
    <link:label xlink:type="resource" xlink:label="label_FinishedGoodsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinishedGoodsMember" xml:lang="en-US" id="label_FinishedGoodsMember">Finished goods [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinishedGoodsMember" xlink:to="label_FinishedGoodsMember" xlink:title="Label : FinishedGoodsMember to label_FinishedGoodsMember" />
    <link:label xlink:type="resource" xlink:label="label_FinishedGoodsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinishedGoodsMember_1" xml:lang="en-US" id="label_FinishedGoodsMember_1">Finished goods [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinishedGoodsMember" xlink:to="label_FinishedGoodsMember_1" xlink:title="Label : FinishedGoodsMember to label_FinishedGoodsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_FinishedGoodsMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FinishedGoodsMember_2" xml:lang="en-US" id="label_FinishedGoodsMember_2">This member stands for the information pertaining to finished goods inventory.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinishedGoodsMember" xlink:to="label_FinishedGoodsMember_2" xlink:title="Label : FinishedGoodsMember to label_FinishedGoodsMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PropertiesForResaleMember" xlink:label="PropertiesForResaleMember" xlink:title="PropertiesForResaleMember" />
    <link:label xlink:type="resource" xlink:label="label_PropertiesForResaleMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertiesForResaleMember" xml:lang="en-US" id="label_PropertiesForResaleMember">Properties for resale [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertiesForResaleMember" xlink:to="label_PropertiesForResaleMember" xlink:title="Label : PropertiesForResaleMember to label_PropertiesForResaleMember" />
    <link:label xlink:type="resource" xlink:label="label_PropertiesForResaleMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertiesForResaleMember_1" xml:lang="en-US" id="label_PropertiesForResaleMember_1">Properties for resale [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertiesForResaleMember" xlink:to="label_PropertiesForResaleMember_1" xlink:title="Label : PropertiesForResaleMember to label_PropertiesForResaleMember_1" />
    <link:label xlink:type="resource" xlink:label="label_PropertiesForResaleMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PropertiesForResaleMember_2" xml:lang="en-US" id="label_PropertiesForResaleMember_2">This member stands for the information pertaining to properties for resale inventory.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertiesForResaleMember" xlink:to="label_PropertiesForResaleMember_2" xlink:title="Label : PropertiesForResaleMember to label_PropertiesForResaleMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PurchaseForFutureDeliveryMember" xlink:label="PurchaseForFutureDeliveryMember" xlink:title="PurchaseForFutureDeliveryMember" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseForFutureDeliveryMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PurchaseForFutureDeliveryMember" xml:lang="en-US" id="label_PurchaseForFutureDeliveryMember">This member stands for the information pertaining to purchase for future delivery inventory.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseForFutureDeliveryMember" xlink:to="label_PurchaseForFutureDeliveryMember" xlink:title="Label : PurchaseForFutureDeliveryMember to label_PurchaseForFutureDeliveryMember" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseForFutureDeliveryMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PurchaseForFutureDeliveryMember_1" xml:lang="en-US" id="label_PurchaseForFutureDeliveryMember_1">Purchase for future delivery [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseForFutureDeliveryMember" xlink:to="label_PurchaseForFutureDeliveryMember_1" xlink:title="Label : PurchaseForFutureDeliveryMember to label_PurchaseForFutureDeliveryMember_1" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseForFutureDeliveryMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PurchaseForFutureDeliveryMember_2" xml:lang="en-US" id="label_PurchaseForFutureDeliveryMember_2">Purchase for Future Delivery [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseForFutureDeliveryMember" xlink:to="label_PurchaseForFutureDeliveryMember_2" xlink:title="Label : PurchaseForFutureDeliveryMember to label_PurchaseForFutureDeliveryMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ConsumableMaterialsAndOtherItemsForResaleMember" xlink:label="ConsumableMaterialsAndOtherItemsForResaleMember" xlink:title="ConsumableMaterialsAndOtherItemsForResaleMember" />
    <link:label xlink:type="resource" xlink:label="label_ConsumableMaterialsAndOtherItemsForResaleMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConsumableMaterialsAndOtherItemsForResaleMember" xml:lang="en-US" id="label_ConsumableMaterialsAndOtherItemsForResaleMember">Consumable Materials and Other Items for Resale [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsumableMaterialsAndOtherItemsForResaleMember" xlink:to="label_ConsumableMaterialsAndOtherItemsForResaleMember" xlink:title="Label : ConsumableMaterialsAndOtherItemsForResaleMember to label_ConsumableMaterialsAndOtherItemsForResaleMember" />
    <link:label xlink:type="resource" xlink:label="label_ConsumableMaterialsAndOtherItemsForResaleMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConsumableMaterialsAndOtherItemsForResaleMember_1" xml:lang="en-US" id="label_ConsumableMaterialsAndOtherItemsForResaleMember_1">Consumable materials and other items for resale [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsumableMaterialsAndOtherItemsForResaleMember" xlink:to="label_ConsumableMaterialsAndOtherItemsForResaleMember_1" xlink:title="Label : ConsumableMaterialsAndOtherItemsForResaleMember to label_ConsumableMaterialsAndOtherItemsForResaleMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ConsumableMaterialsAndOtherItemsForResaleMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ConsumableMaterialsAndOtherItemsForResaleMember_2" xml:lang="en-US" id="label_ConsumableMaterialsAndOtherItemsForResaleMember_2">This member stands for the information pertaining to consumable materials and other items for reslae inventory.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsumableMaterialsAndOtherItemsForResaleMember" xlink:to="label_ConsumableMaterialsAndOtherItemsForResaleMember_2" xlink:title="Label : ConsumableMaterialsAndOtherItemsForResaleMember to label_ConsumableMaterialsAndOtherItemsForResaleMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LiquifiedPetroleumGasMember" xlink:label="LiquifiedPetroleumGasMember" xlink:title="LiquifiedPetroleumGasMember" />
    <link:label xlink:type="resource" xlink:label="label_LiquifiedPetroleumGasMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LiquifiedPetroleumGasMember" xml:lang="en-US" id="label_LiquifiedPetroleumGasMember">This member stands for the information pertaining to liquefied petroleum gas (LPG) inventory.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiquifiedPetroleumGasMember" xlink:to="label_LiquifiedPetroleumGasMember" xlink:title="Label : LiquifiedPetroleumGasMember to label_LiquifiedPetroleumGasMember" />
    <link:label xlink:type="resource" xlink:label="label_LiquifiedPetroleumGasMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LiquifiedPetroleumGasMember_1" xml:lang="en-US" id="label_LiquifiedPetroleumGasMember_1">Liquified petroleum gas - LPG [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiquifiedPetroleumGasMember" xlink:to="label_LiquifiedPetroleumGasMember_1" xlink:title="Label : LiquifiedPetroleumGasMember to label_LiquifiedPetroleumGasMember_1" />
    <link:label xlink:type="resource" xlink:label="label_LiquifiedPetroleumGasMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiquifiedPetroleumGasMember_2" xml:lang="en-US" id="label_LiquifiedPetroleumGasMember_2">Liquified petroleum gas [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiquifiedPetroleumGasMember" xlink:to="label_LiquifiedPetroleumGasMember_2" xlink:title="Label : LiquifiedPetroleumGasMember to label_LiquifiedPetroleumGasMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_RawMaterialsMember" xlink:label="RawMaterialsMember" xlink:title="RawMaterialsMember" />
    <link:label xlink:type="resource" xlink:label="label_RawMaterialsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RawMaterialsMember" xml:lang="en-US" id="label_RawMaterialsMember">This member stands for the information pertaining to raw materials inventory.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RawMaterialsMember" xlink:to="label_RawMaterialsMember" xlink:title="Label : RawMaterialsMember to label_RawMaterialsMember" />
    <link:label xlink:type="resource" xlink:label="label_RawMaterialsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RawMaterialsMember_1" xml:lang="en-US" id="label_RawMaterialsMember_1">Raw materials [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RawMaterialsMember" xlink:to="label_RawMaterialsMember_1" xlink:title="Label : RawMaterialsMember to label_RawMaterialsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_RawMaterialsMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RawMaterialsMember_2" xml:lang="en-US" id="label_RawMaterialsMember_2">Raw Materials [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RawMaterialsMember" xlink:to="label_RawMaterialsMember_2" xlink:title="Label : RawMaterialsMember to label_RawMaterialsMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FuelsLubricantsAndGreasesMember" xlink:label="FuelsLubricantsAndGreasesMember" xlink:title="FuelsLubricantsAndGreasesMember" />
    <link:label xlink:type="resource" xlink:label="label_FuelsLubricantsAndGreasesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FuelsLubricantsAndGreasesMember" xml:lang="en-US" id="label_FuelsLubricantsAndGreasesMember">Fuels Lubricants and Greases [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FuelsLubricantsAndGreasesMember" xlink:to="label_FuelsLubricantsAndGreasesMember" xlink:title="Label : FuelsLubricantsAndGreasesMember to label_FuelsLubricantsAndGreasesMember" />
    <link:label xlink:type="resource" xlink:label="label_FuelsLubricantsAndGreasesMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FuelsLubricantsAndGreasesMember_1" xml:lang="en-US" id="label_FuelsLubricantsAndGreasesMember_1">Fuels, lubricants, and greases [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FuelsLubricantsAndGreasesMember" xlink:to="label_FuelsLubricantsAndGreasesMember_1" xlink:title="Label : FuelsLubricantsAndGreasesMember to label_FuelsLubricantsAndGreasesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_FuelsLubricantsAndGreasesMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FuelsLubricantsAndGreasesMember_2" xml:lang="en-US" id="label_FuelsLubricantsAndGreasesMember_2">This member stands for the information pertaining to fuels, lubricants, and greases inventory.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FuelsLubricantsAndGreasesMember" xlink:to="label_FuelsLubricantsAndGreasesMember_2" xlink:title="Label : FuelsLubricantsAndGreasesMember to label_FuelsLubricantsAndGreasesMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InventoriesDomain" xlink:label="InventoriesDomain" xlink:title="InventoriesDomain" />
    <link:label xlink:type="resource" xlink:label="label_InventoriesDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InventoriesDomain" xml:lang="en-US" id="label_InventoriesDomain">Inventories [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoriesDomain" xlink:to="label_InventoriesDomain" xlink:title="Label : InventoriesDomain to label_InventoriesDomain" />
    <link:label xlink:type="resource" xlink:label="label_InventoriesDomain_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InventoriesDomain_1" xml:lang="en-US" id="label_InventoriesDomain_1">Inventories [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoriesDomain" xlink:to="label_InventoriesDomain_1" xlink:title="Label : InventoriesDomain to label_InventoriesDomain_1" />
    <link:label xlink:type="resource" xlink:label="label_InventoriesDomain_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InventoriesDomain_2" xml:lang="en-US" id="label_InventoriesDomain_2">Inventories [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoriesDomain" xlink:to="label_InventoriesDomain_2" xlink:title="Label : InventoriesDomain to label_InventoriesDomain_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InventoriesAxis" xlink:label="InventoriesAxis" xlink:title="InventoriesAxis" />
    <link:label xlink:type="resource" xlink:label="label_InventoriesAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InventoriesAxis" xml:lang="en-US" id="label_InventoriesAxis">Inventories [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoriesAxis" xlink:to="label_InventoriesAxis" xlink:title="Label : InventoriesAxis to label_InventoriesAxis" />
    <link:label xlink:type="resource" xlink:label="label_InventoriesAxis_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InventoriesAxis_1" xml:lang="en-US" id="label_InventoriesAxis_1">Inventories [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoriesAxis" xlink:to="label_InventoriesAxis_1" xlink:title="Label : InventoriesAxis to label_InventoriesAxis_1" />
    <link:label xlink:type="resource" xlink:label="label_InventoriesAxis_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InventoriesAxis_2" xml:lang="en-US" id="label_InventoriesAxis_2">Inventories [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoriesAxis" xlink:to="label_InventoriesAxis_2" xlink:title="Label : InventoriesAxis to label_InventoriesAxis_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ClassesOfInventoriesTable" xlink:label="ClassesOfInventoriesTable" xlink:title="ClassesOfInventoriesTable" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfInventoriesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ClassesOfInventoriesTable" xml:lang="en-US" id="label_ClassesOfInventoriesTable">Classes of inventories.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfInventoriesTable" xlink:to="label_ClassesOfInventoriesTable" xlink:title="Label : ClassesOfInventoriesTable to label_ClassesOfInventoriesTable" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfInventoriesTable_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ClassesOfInventoriesTable_1" xml:lang="en-US" id="label_ClassesOfInventoriesTable_1">Classes of inventories [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfInventoriesTable" xlink:to="label_ClassesOfInventoriesTable_1" xlink:title="Label : ClassesOfInventoriesTable to label_ClassesOfInventoriesTable_1" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfInventoriesTable_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfInventoriesTable_2" xml:lang="en-US" id="label_ClassesOfInventoriesTable_2">Classes of inventories [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfInventoriesTable" xlink:to="label_ClassesOfInventoriesTable_2" xlink:title="Label : ClassesOfInventoriesTable to label_ClassesOfInventoriesTable_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AmountPerInstallmentsInDisposalGroupTransaction" xlink:label="AmountPerInstallmentsInDisposalGroupTransaction" xlink:title="AmountPerInstallmentsInDisposalGroupTransaction" />
    <link:label xlink:type="resource" xlink:label="label_AmountPerInstallmentsInDisposalGroupTransaction" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AmountPerInstallmentsInDisposalGroupTransaction" xml:lang="en-US" id="label_AmountPerInstallmentsInDisposalGroupTransaction">The amount per installment to be paid in disposal group transaction.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountPerInstallmentsInDisposalGroupTransaction" xlink:to="label_AmountPerInstallmentsInDisposalGroupTransaction" xlink:title="Label : AmountPerInstallmentsInDisposalGroupTransaction to label_AmountPerInstallmentsInDisposalGroupTransaction" />
    <link:label xlink:type="resource" xlink:label="label_AmountPerInstallmentsInDisposalGroupTransaction_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmountPerInstallmentsInDisposalGroupTransaction_1" xml:lang="en-US" id="label_AmountPerInstallmentsInDisposalGroupTransaction_1">Amount per installments in disposal group transaction</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountPerInstallmentsInDisposalGroupTransaction" xlink:to="label_AmountPerInstallmentsInDisposalGroupTransaction_1" xlink:title="Label : AmountPerInstallmentsInDisposalGroupTransaction to label_AmountPerInstallmentsInDisposalGroupTransaction_1" />
    <link:label xlink:type="resource" xlink:label="label_AmountPerInstallmentsInDisposalGroupTransaction_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmountPerInstallmentsInDisposalGroupTransaction_2" xml:lang="en-US" id="label_AmountPerInstallmentsInDisposalGroupTransaction_2">Amount Per Installments In Disposal Group Transaction</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountPerInstallmentsInDisposalGroupTransaction" xlink:to="label_AmountPerInstallmentsInDisposalGroupTransaction_2" xlink:title="Label : AmountPerInstallmentsInDisposalGroupTransaction to label_AmountPerInstallmentsInDisposalGroupTransaction_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfInstallmentsInDisposalGroupTransaction" xlink:label="NumberOfInstallmentsInDisposalGroupTransaction" xlink:title="NumberOfInstallmentsInDisposalGroupTransaction" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfInstallmentsInDisposalGroupTransaction" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfInstallmentsInDisposalGroupTransaction" xml:lang="en-US" id="label_NumberOfInstallmentsInDisposalGroupTransaction">Number of installments in disposal group transaction</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfInstallmentsInDisposalGroupTransaction" xlink:to="label_NumberOfInstallmentsInDisposalGroupTransaction" xlink:title="Label : NumberOfInstallmentsInDisposalGroupTransaction to label_NumberOfInstallmentsInDisposalGroupTransaction" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfInstallmentsInDisposalGroupTransaction_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfInstallmentsInDisposalGroupTransaction_1" xml:lang="en-US" id="label_NumberOfInstallmentsInDisposalGroupTransaction_1">The number of installments in disposal group transaction during period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfInstallmentsInDisposalGroupTransaction" xlink:to="label_NumberOfInstallmentsInDisposalGroupTransaction_1" xlink:title="Label : NumberOfInstallmentsInDisposalGroupTransaction to label_NumberOfInstallmentsInDisposalGroupTransaction_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfInstallmentsInDisposalGroupTransaction_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfInstallmentsInDisposalGroupTransaction_2" xml:lang="en-US" id="label_NumberOfInstallmentsInDisposalGroupTransaction_2">Number of installments in disposal group transaction</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfInstallmentsInDisposalGroupTransaction" xlink:to="label_NumberOfInstallmentsInDisposalGroupTransaction_2" xlink:title="Label : NumberOfInstallmentsInDisposalGroupTransaction to label_NumberOfInstallmentsInDisposalGroupTransaction_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DiscountRate" xlink:label="DiscountRate" xlink:title="DiscountRate" />
    <link:label xlink:type="resource" xlink:label="label_DiscountRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DiscountRate" xml:lang="en-US" id="label_DiscountRate">The discount rate used to extrapolate the projections.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiscountRate" xlink:to="label_DiscountRate" xlink:title="Label : DiscountRate to label_DiscountRate" />
    <link:label xlink:type="resource" xlink:label="label_DiscountRate_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DiscountRate_1" xml:lang="en-US" id="label_DiscountRate_1">Discount rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiscountRate" xlink:to="label_DiscountRate_1" xlink:title="Label : DiscountRate to label_DiscountRate_1" />
    <link:label xlink:type="resource" xlink:label="label_DiscountRate_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DiscountRate_2" xml:lang="en-US" id="label_DiscountRate_2">Discount Rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiscountRate" xlink:to="label_DiscountRate_2" xlink:title="Label : DiscountRate to label_DiscountRate_2" />
    <link:label xlink:type="resource" xlink:label="label_DiscountRate_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DiscountRate_3" xml:lang="en-US" id="label_DiscountRate_3">Nominal discount rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiscountRate" xlink:to="label_DiscountRate_3" xlink:title="Label : DiscountRate to label_DiscountRate_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TotalSaleOfInvestments" xlink:label="TotalSaleOfInvestments" xlink:title="TotalSaleOfInvestments" />
    <link:label xlink:type="resource" xlink:label="label_TotalSaleOfInvestments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TotalSaleOfInvestments" xml:lang="en-US" id="label_TotalSaleOfInvestments">The amount of total receivables arising from the sale of investments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TotalSaleOfInvestments" xlink:to="label_TotalSaleOfInvestments" xlink:title="Label : TotalSaleOfInvestments to label_TotalSaleOfInvestments" />
    <link:label xlink:type="resource" xlink:label="label_TotalSaleOfInvestments_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TotalSaleOfInvestments_1" xml:lang="en-US" id="label_TotalSaleOfInvestments_1">Total sale of investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TotalSaleOfInvestments" xlink:to="label_TotalSaleOfInvestments_1" xlink:title="Label : TotalSaleOfInvestments to label_TotalSaleOfInvestments_1" />
    <link:label xlink:type="resource" xlink:label="label_TotalSaleOfInvestments_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TotalSaleOfInvestments_2" xml:lang="en-US" id="label_TotalSaleOfInvestments_2">Total Sale of Investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TotalSaleOfInvestments" xlink:to="label_TotalSaleOfInvestments_2" xlink:title="Label : TotalSaleOfInvestments to label_TotalSaleOfInvestments_2" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentToPresentValueOfReceivablesFromSaleOfInvestments_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentToPresentValueOfReceivablesFromSaleOfInvestments_1" xml:lang="en-US" id="label_AdjustmentToPresentValueOfReceivablesFromSaleOfInvestments_1">Adjustment to present value - sale of investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentToPresentValueOfReceivablesFromSaleOfInvestments" xlink:to="label_AdjustmentToPresentValueOfReceivablesFromSaleOfInvestments_1" xlink:title="Label : AdjustmentToPresentValueOfReceivablesFromSaleOfInvestments to label_AdjustmentToPresentValueOfReceivablesFromSaleOfInvestments_1" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentToPresentValueOfReceivablesFromSaleOfInvestments_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentToPresentValueOfReceivablesFromSaleOfInvestments_2" xml:lang="en-US" id="label_AdjustmentToPresentValueOfReceivablesFromSaleOfInvestments_2">Adjustment To Present Value of Receivables From Sale of Investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentToPresentValueOfReceivablesFromSaleOfInvestments" xlink:to="label_AdjustmentToPresentValueOfReceivablesFromSaleOfInvestments_2" xlink:title="Label : AdjustmentToPresentValueOfReceivablesFromSaleOfInvestments to label_AdjustmentToPresentValueOfReceivablesFromSaleOfInvestments_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ReceivablesFromSaleOfInvestments" xlink:label="ReceivablesFromSaleOfInvestments" xlink:title="ReceivablesFromSaleOfInvestments" />
    <link:label xlink:type="resource" xlink:label="label_ReceivablesFromSaleOfInvestments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReceivablesFromSaleOfInvestments" xml:lang="en-US" id="label_ReceivablesFromSaleOfInvestments">The amount of receivables arising from the sale of investments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReceivablesFromSaleOfInvestments" xlink:to="label_ReceivablesFromSaleOfInvestments" xlink:title="Label : ReceivablesFromSaleOfInvestments to label_ReceivablesFromSaleOfInvestments" />
    <link:label xlink:type="resource" xlink:label="label_ReceivablesFromSaleOfInvestments_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReceivablesFromSaleOfInvestments_1" xml:lang="en-US" id="label_ReceivablesFromSaleOfInvestments_1">Receivables from sale of investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReceivablesFromSaleOfInvestments" xlink:to="label_ReceivablesFromSaleOfInvestments_1" xlink:title="Label : ReceivablesFromSaleOfInvestments to label_ReceivablesFromSaleOfInvestments_1" />
    <link:label xlink:type="resource" xlink:label="label_ReceivablesFromSaleOfInvestments_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReceivablesFromSaleOfInvestments_2" xml:lang="en-US" id="label_ReceivablesFromSaleOfInvestments_2">Receivables From Sale of Investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReceivablesFromSaleOfInvestments" xlink:to="label_ReceivablesFromSaleOfInvestments_2" xlink:title="Label : ReceivablesFromSaleOfInvestments to label_ReceivablesFromSaleOfInvestments_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ResellerFinancing" xlink:label="ResellerFinancing" xlink:title="ResellerFinancing" />
    <link:label xlink:type="resource" xlink:label="label_ResellerFinancing" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ResellerFinancing" xml:lang="en-US" id="label_ResellerFinancing">The amount of reseller financing current and noncurrent.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ResellerFinancing" xlink:to="label_ResellerFinancing" xlink:title="Label : ResellerFinancing to label_ResellerFinancing" />
    <link:label xlink:type="resource" xlink:label="label_ResellerFinancing_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ResellerFinancing_1" xml:lang="en-US" id="label_ResellerFinancing_1">Reseller financing</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ResellerFinancing" xlink:to="label_ResellerFinancing_1" xlink:title="Label : ResellerFinancing to label_ResellerFinancing_1" />
    <link:label xlink:type="resource" xlink:label="label_ResellerFinancing_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ResellerFinancing_2" xml:lang="en-US" id="label_ResellerFinancing_2">Reseller financing</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ResellerFinancing" xlink:to="label_ResellerFinancing_2" xlink:title="Label : ResellerFinancing to label_ResellerFinancing_2" />
    <link:label xlink:type="resource" xlink:label="label_ResellerFinancing_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ResellerFinancing_3" xml:lang="en-US" id="label_ResellerFinancing_3">Reseller financing</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ResellerFinancing" xlink:to="label_ResellerFinancing_3" xlink:title="Label : ResellerFinancing to label_ResellerFinancing_3" />
    <link:label xlink:type="resource" xlink:label="label_ResellerFinancing_4" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ResellerFinancing_4" xml:lang="en-US" id="label_ResellerFinancing_4">Reseller financing</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ResellerFinancing" xlink:to="label_ResellerFinancing_4" xlink:title="Label : ResellerFinancing to label_ResellerFinancing_4" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ResellerFinancingGross" xlink:label="ResellerFinancingGross" xlink:title="ResellerFinancingGross" />
    <link:label xlink:type="resource" xlink:label="label_ResellerFinancingGross" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ResellerFinancingGross" xml:lang="en-US" id="label_ResellerFinancingGross">The amount of reseller financing, gross of allowance for doubtful accounts.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ResellerFinancingGross" xlink:to="label_ResellerFinancingGross" xlink:title="Label : ResellerFinancingGross to label_ResellerFinancingGross" />
    <link:label xlink:type="resource" xlink:label="label_ResellerFinancingGross_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ResellerFinancingGross_1" xml:lang="en-US" id="label_ResellerFinancingGross_1">Reseller financing, gross of loss allowance for expected credit losses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ResellerFinancingGross" xlink:to="label_ResellerFinancingGross_1" xlink:title="Label : ResellerFinancingGross to label_ResellerFinancingGross_1" />
    <link:label xlink:type="resource" xlink:label="label_ResellerFinancingGross_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ResellerFinancingGross_2" xml:lang="en-US" id="label_ResellerFinancingGross_2">Reseller Financing Gross</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ResellerFinancingGross" xlink:to="label_ResellerFinancingGross_2" xlink:title="Label : ResellerFinancingGross to label_ResellerFinancingGross_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LaterThanSixMonthsMember" xlink:label="LaterThanSixMonthsMember" xlink:title="LaterThanSixMonthsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanSixMonthsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaterThanSixMonthsMember" xml:lang="en-US" id="label_LaterThanSixMonthsMember">More than 180 days [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanSixMonthsMember" xlink:to="label_LaterThanSixMonthsMember" xlink:title="Label : LaterThanSixMonthsMember to label_LaterThanSixMonthsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanSixMonthsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanSixMonthsMember_1" xml:lang="en-US" id="label_LaterThanSixMonthsMember_1">Later than six months [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanSixMonthsMember" xlink:to="label_LaterThanSixMonthsMember_1" xlink:title="Label : LaterThanSixMonthsMember to label_LaterThanSixMonthsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember_1" xml:lang="en-US" id="label_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember_1">91-180&#xA0;days [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" xlink:to="label_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember_1" xlink:title="Label : LaterThanThreeMonthsAndNotLaterThanSixMonthsMember to label_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember_1" xml:lang="en-US" id="label_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember_1">61-90&#xA0;days [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember" xlink:to="label_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember_1" xlink:title="Label : LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember to label_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LaterThanOneMonthAndNotLaterThanTwoMonthsMember" xlink:label="LaterThanOneMonthAndNotLaterThanTwoMonthsMember" xlink:title="LaterThanOneMonthAndNotLaterThanTwoMonthsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanOneMonthAndNotLaterThanTwoMonthsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LaterThanOneMonthAndNotLaterThanTwoMonthsMember" xml:lang="en-US" id="label_LaterThanOneMonthAndNotLaterThanTwoMonthsMember">31 to 60 days [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanOneMonthAndNotLaterThanTwoMonthsMember" xlink:to="label_LaterThanOneMonthAndNotLaterThanTwoMonthsMember" xlink:title="Label : LaterThanOneMonthAndNotLaterThanTwoMonthsMember to label_LaterThanOneMonthAndNotLaterThanTwoMonthsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanOneMonthAndNotLaterThanTwoMonthsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanOneMonthAndNotLaterThanTwoMonthsMember_1" xml:lang="en-US" id="label_LaterThanOneMonthAndNotLaterThanTwoMonthsMember_1">Later than one month and not later than two months [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanOneMonthAndNotLaterThanTwoMonthsMember" xlink:to="label_LaterThanOneMonthAndNotLaterThanTwoMonthsMember_1" xlink:title="Label : LaterThanOneMonthAndNotLaterThanTwoMonthsMember to label_LaterThanOneMonthAndNotLaterThanTwoMonthsMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NotLaterThanOneMonthMember" xlink:label="NotLaterThanOneMonthMember" xlink:title="NotLaterThanOneMonthMember" />
    <link:label xlink:type="resource" xlink:label="label_NotLaterThanOneMonthMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NotLaterThanOneMonthMember" xml:lang="en-US" id="label_NotLaterThanOneMonthMember">Less than 30 days [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotLaterThanOneMonthMember" xlink:to="label_NotLaterThanOneMonthMember" xlink:title="Label : NotLaterThanOneMonthMember to label_NotLaterThanOneMonthMember" />
    <link:label xlink:type="resource" xlink:label="label_NotLaterThanOneMonthMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotLaterThanOneMonthMember_1" xml:lang="en-US" id="label_NotLaterThanOneMonthMember_1">Not later than one month [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotLaterThanOneMonthMember" xlink:to="label_NotLaterThanOneMonthMember_1" xlink:title="Label : NotLaterThanOneMonthMember to label_NotLaterThanOneMonthMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentMember" xlink:label="CurrentMember" xlink:title="CurrentMember" />
    <link:label xlink:type="resource" xlink:label="label_CurrentMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CurrentMember" xml:lang="en-US" id="label_CurrentMember">Current [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentMember" xlink:to="label_CurrentMember" xlink:title="Label : CurrentMember to label_CurrentMember" />
    <link:label xlink:type="resource" xlink:label="label_CurrentMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentMember_1" xml:lang="en-US" id="label_CurrentMember_1">Current [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentMember" xlink:to="label_CurrentMember_1" xlink:title="Label : CurrentMember to label_CurrentMember_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentMember_2" xml:lang="en-US" id="label_CurrentMember_2">Current [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentMember" xlink:to="label_CurrentMember_2" xlink:title="Label : CurrentMember to label_CurrentMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_PastDueStatusDomain" xlink:label="PastDueStatusDomain" xlink:title="PastDueStatusDomain" />
    <link:label xlink:type="resource" xlink:label="label_PastDueStatusDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PastDueStatusDomain" xml:lang="en-US" id="label_PastDueStatusDomain">Past due status [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PastDueStatusDomain" xlink:to="label_PastDueStatusDomain" xlink:title="Label : PastDueStatusDomain to label_PastDueStatusDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_PastDueStatusAxis" xlink:label="PastDueStatusAxis" xlink:title="PastDueStatusAxis" />
    <link:label xlink:type="resource" xlink:label="label_PastDueStatusAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PastDueStatusAxis" xml:lang="en-US" id="label_PastDueStatusAxis">Past due status [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PastDueStatusAxis" xlink:to="label_PastDueStatusAxis" xlink:title="Label : PastDueStatusAxis to label_PastDueStatusAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TradeReceivables" xlink:label="TradeReceivables" xlink:title="TradeReceivables" />
    <link:label xlink:type="resource" xlink:label="label_TradeReceivables" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_TradeReceivables" xml:lang="en-US" id="label_TradeReceivables">Trade receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeReceivables" xlink:to="label_TradeReceivables" xlink:title="Label : TradeReceivables to label_TradeReceivables" />
    <link:label xlink:type="resource" xlink:label="label_TradeReceivables_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradeReceivables_1" xml:lang="en-US" id="label_TradeReceivables_1">Trade receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeReceivables" xlink:to="label_TradeReceivables_1" xlink:title="Label : TradeReceivables to label_TradeReceivables_1" />
    <link:label xlink:type="resource" xlink:label="label_TradeReceivables_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradeReceivables_2" xml:lang="en-US" id="label_TradeReceivables_2">Trade receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeReceivables" xlink:to="label_TradeReceivables_2" xlink:title="Label : TradeReceivables to label_TradeReceivables_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" xlink:label="AllowanceAccountForCreditLossesOfFinancialAssets" xlink:title="AllowanceAccountForCreditLossesOfFinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_AllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_AllowanceAccountForCreditLossesOfFinancialAssets" xml:lang="en-US" id="label_AllowanceAccountForCreditLossesOfFinancialAssets">Loss allowance for expected credit losses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="label_AllowanceAccountForCreditLossesOfFinancialAssets" xlink:title="Label : AllowanceAccountForCreditLossesOfFinancialAssets to label_AllowanceAccountForCreditLossesOfFinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_AllowanceAccountForCreditLossesOfFinancialAssets_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AllowanceAccountForCreditLossesOfFinancialAssets_1" xml:lang="en-US" id="label_AllowanceAccountForCreditLossesOfFinancialAssets_1">Allowance for expected credit losses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="label_AllowanceAccountForCreditLossesOfFinancialAssets_1" xlink:title="Label : AllowanceAccountForCreditLossesOfFinancialAssets to label_AllowanceAccountForCreditLossesOfFinancialAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_AllowanceAccountForCreditLossesOfFinancialAssets_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AllowanceAccountForCreditLossesOfFinancialAssets_2" xml:lang="en-US" id="label_AllowanceAccountForCreditLossesOfFinancialAssets_2">Allowance account for credit losses of financial assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="label_AllowanceAccountForCreditLossesOfFinancialAssets_2" xlink:title="Label : AllowanceAccountForCreditLossesOfFinancialAssets to label_AllowanceAccountForCreditLossesOfFinancialAssets_2" />
    <link:label xlink:type="resource" xlink:label="label_AllowanceAccountForCreditLossesOfFinancialAssets_3" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_AllowanceAccountForCreditLossesOfFinancialAssets_3" xml:lang="en-US" id="label_AllowanceAccountForCreditLossesOfFinancialAssets_3">Beginning balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="label_AllowanceAccountForCreditLossesOfFinancialAssets_3" xlink:title="Label : AllowanceAccountForCreditLossesOfFinancialAssets to label_AllowanceAccountForCreditLossesOfFinancialAssets_3" />
    <link:label xlink:type="resource" xlink:label="label_AllowanceAccountForCreditLossesOfFinancialAssets_4" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_AllowanceAccountForCreditLossesOfFinancialAssets_4" xml:lang="en-US" id="label_AllowanceAccountForCreditLossesOfFinancialAssets_4">Ending balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="label_AllowanceAccountForCreditLossesOfFinancialAssets_4" xlink:title="Label : AllowanceAccountForCreditLossesOfFinancialAssets to label_AllowanceAccountForCreditLossesOfFinancialAssets_4" />
    <link:label xlink:type="resource" xlink:label="label_AllowanceAccountForCreditLossesOfFinancialAssets_5" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AllowanceAccountForCreditLossesOfFinancialAssets_5" xml:lang="en-US" id="label_AllowanceAccountForCreditLossesOfFinancialAssets_5">Allowance for expected credit losses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="label_AllowanceAccountForCreditLossesOfFinancialAssets_5" xlink:title="Label : AllowanceAccountForCreditLossesOfFinancialAssets to label_AllowanceAccountForCreditLossesOfFinancialAssets_5" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TradeReceivablesDueFromRelatedPartiesGross" xlink:label="TradeReceivablesDueFromRelatedPartiesGross" xlink:title="TradeReceivablesDueFromRelatedPartiesGross" />
    <link:label xlink:type="resource" xlink:label="label_TradeReceivablesDueFromRelatedPartiesGross" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TradeReceivablesDueFromRelatedPartiesGross" xml:lang="en-US" id="label_TradeReceivablesDueFromRelatedPartiesGross">The amount of trade receivables due from related parties, gross of allowance for doubtful accounts.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeReceivablesDueFromRelatedPartiesGross" xlink:to="label_TradeReceivablesDueFromRelatedPartiesGross" xlink:title="Label : TradeReceivablesDueFromRelatedPartiesGross to label_TradeReceivablesDueFromRelatedPartiesGross" />
    <link:label xlink:type="resource" xlink:label="label_TradeReceivablesDueFromRelatedPartiesGross_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradeReceivablesDueFromRelatedPartiesGross_1" xml:lang="en-US" id="label_TradeReceivablesDueFromRelatedPartiesGross_1">Related parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeReceivablesDueFromRelatedPartiesGross" xlink:to="label_TradeReceivablesDueFromRelatedPartiesGross_1" xlink:title="Label : TradeReceivablesDueFromRelatedPartiesGross to label_TradeReceivablesDueFromRelatedPartiesGross_1" />
    <link:label xlink:type="resource" xlink:label="label_TradeReceivablesDueFromRelatedPartiesGross_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradeReceivablesDueFromRelatedPartiesGross_2" xml:lang="en-US" id="label_TradeReceivablesDueFromRelatedPartiesGross_2">Trade Receivables Due from Related Parties, Gross</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeReceivablesDueFromRelatedPartiesGross" xlink:to="label_TradeReceivablesDueFromRelatedPartiesGross_2" xlink:title="Label : TradeReceivablesDueFromRelatedPartiesGross to label_TradeReceivablesDueFromRelatedPartiesGross_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TradeReceivablesGross" xlink:label="TradeReceivablesGross" xlink:title="TradeReceivablesGross" />
    <link:label xlink:type="resource" xlink:label="label_TradeReceivablesGross" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TradeReceivablesGross" xml:lang="en-US" id="label_TradeReceivablesGross">The amount of trade receivables, gross of allowance for doubtful accounts.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeReceivablesGross" xlink:to="label_TradeReceivablesGross" xlink:title="Label : TradeReceivablesGross to label_TradeReceivablesGross" />
    <link:label xlink:type="resource" xlink:label="label_TradeReceivablesGross_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradeReceivablesGross_1" xml:lang="en-US" id="label_TradeReceivablesGross_1">Trade receivables, gross of allowance for expected credit losses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeReceivablesGross" xlink:to="label_TradeReceivablesGross_1" xlink:title="Label : TradeReceivablesGross to label_TradeReceivablesGross_1" />
    <link:label xlink:type="resource" xlink:label="label_TradeReceivablesGross_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradeReceivablesGross_2" xml:lang="en-US" id="label_TradeReceivablesGross_2">Trade Receivables Gross</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeReceivablesGross" xlink:to="label_TradeReceivablesGross_2" xlink:title="Label : TradeReceivablesGross to label_TradeReceivablesGross_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SummaryOfTradeReceivablesLineItems" xlink:label="SummaryOfTradeReceivablesLineItems" xlink:title="SummaryOfTradeReceivablesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfTradeReceivablesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SummaryOfTradeReceivablesLineItems" xml:lang="en-US" id="label_SummaryOfTradeReceivablesLineItems">Summary of trade receivables.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfTradeReceivablesLineItems" xlink:to="label_SummaryOfTradeReceivablesLineItems" xlink:title="Label : SummaryOfTradeReceivablesLineItems to label_SummaryOfTradeReceivablesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfTradeReceivablesLineItems_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SummaryOfTradeReceivablesLineItems_1" xml:lang="en-US" id="label_SummaryOfTradeReceivablesLineItems_1">Summary of trade receivables [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfTradeReceivablesLineItems" xlink:to="label_SummaryOfTradeReceivablesLineItems_1" xlink:title="Label : SummaryOfTradeReceivablesLineItems to label_SummaryOfTradeReceivablesLineItems_1" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfTradeReceivablesLineItems_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SummaryOfTradeReceivablesLineItems_2" xml:lang="en-US" id="label_SummaryOfTradeReceivablesLineItems_2">Summary of trade receivables [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfTradeReceivablesLineItems" xlink:to="label_SummaryOfTradeReceivablesLineItems_2" xlink:title="Label : SummaryOfTradeReceivablesLineItems to label_SummaryOfTradeReceivablesLineItems_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ForeignCustomersMember" xlink:label="ForeignCustomersMember" xlink:title="ForeignCustomersMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignCustomersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignCustomersMember" xml:lang="en-US" id="label_ForeignCustomersMember">foreign customers [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignCustomersMember" xlink:to="label_ForeignCustomersMember" xlink:title="Label : ForeignCustomersMember to label_ForeignCustomersMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignCustomersMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ForeignCustomersMember_1" xml:lang="en-US" id="label_ForeignCustomersMember_1">foreign customers [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignCustomersMember" xlink:to="label_ForeignCustomersMember_1" xlink:title="Label : ForeignCustomersMember to label_ForeignCustomersMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ForeignCustomersMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignCustomersMember_2" xml:lang="en-US" id="label_ForeignCustomersMember_2">This member stands for the information pertaining to foreign customers.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignCustomersMember" xlink:to="label_ForeignCustomersMember_2" xlink:title="Label : ForeignCustomersMember to label_ForeignCustomersMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DomesticCustomersMember" xlink:label="DomesticCustomersMember" xlink:title="DomesticCustomersMember" />
    <link:label xlink:type="resource" xlink:label="label_DomesticCustomersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DomesticCustomersMember" xml:lang="en-US" id="label_DomesticCustomersMember">Domestic customers [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DomesticCustomersMember" xlink:to="label_DomesticCustomersMember" xlink:title="Label : DomesticCustomersMember to label_DomesticCustomersMember" />
    <link:label xlink:type="resource" xlink:label="label_DomesticCustomersMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DomesticCustomersMember_1" xml:lang="en-US" id="label_DomesticCustomersMember_1">Domestic customers [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DomesticCustomersMember" xlink:to="label_DomesticCustomersMember_1" xlink:title="Label : DomesticCustomersMember to label_DomesticCustomersMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DomesticCustomersMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DomesticCustomersMember_2" xml:lang="en-US" id="label_DomesticCustomersMember_2">This member stands for the information pertaining to domestic customers.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DomesticCustomersMember" xlink:to="label_DomesticCustomersMember_2" xlink:title="Label : DomesticCustomersMember to label_DomesticCustomersMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2024/elts/srt-2024.xsd#srt_NameOfMajorCustomerDomain" xlink:label="NameOfMajorCustomerDomain" xlink:title="NameOfMajorCustomerDomain" />
    <link:label xlink:type="resource" xlink:label="label_NameOfMajorCustomerDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NameOfMajorCustomerDomain" xml:lang="en-US" id="label_NameOfMajorCustomerDomain">Customer [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NameOfMajorCustomerDomain" xlink:to="label_NameOfMajorCustomerDomain" xlink:title="Label : NameOfMajorCustomerDomain to label_NameOfMajorCustomerDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2024/elts/srt-2024.xsd#srt_MajorCustomersAxis" xlink:label="MajorCustomersAxis" xlink:title="MajorCustomersAxis" />
    <link:label xlink:type="resource" xlink:label="label_MajorCustomersAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MajorCustomersAxis" xml:lang="en-US" id="label_MajorCustomersAxis">Customer [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorCustomersAxis" xlink:to="label_MajorCustomersAxis" xlink:title="Label : MajorCustomersAxis to label_MajorCustomersAxis" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TradeReceivablesDomain" xlink:label="TradeReceivablesDomain" xlink:title="TradeReceivablesDomain" />
    <link:label xlink:type="resource" xlink:label="label_TradeReceivablesDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TradeReceivablesDomain" xml:lang="en-US" id="label_TradeReceivablesDomain">Trade receivables domain.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeReceivablesDomain" xlink:to="label_TradeReceivablesDomain" xlink:title="Label : TradeReceivablesDomain to label_TradeReceivablesDomain" />
    <link:label xlink:type="resource" xlink:label="label_TradeReceivablesDomain_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradeReceivablesDomain_1" xml:lang="en-US" id="label_TradeReceivablesDomain_1">Trade Receivables [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeReceivablesDomain" xlink:to="label_TradeReceivablesDomain_1" xlink:title="Label : TradeReceivablesDomain to label_TradeReceivablesDomain_1" />
    <link:label xlink:type="resource" xlink:label="label_TradeReceivablesDomain_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradeReceivablesDomain_2" xml:lang="en-US" id="label_TradeReceivablesDomain_2">Trade Receivables [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeReceivablesDomain" xlink:to="label_TradeReceivablesDomain_2" xlink:title="Label : TradeReceivablesDomain to label_TradeReceivablesDomain_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TradeReceivablesAxis" xlink:label="TradeReceivablesAxis" xlink:title="TradeReceivablesAxis" />
    <link:label xlink:type="resource" xlink:label="label_TradeReceivablesAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TradeReceivablesAxis" xml:lang="en-US" id="label_TradeReceivablesAxis">Trade receivables.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeReceivablesAxis" xlink:to="label_TradeReceivablesAxis" xlink:title="Label : TradeReceivablesAxis to label_TradeReceivablesAxis" />
    <link:label xlink:type="resource" xlink:label="label_TradeReceivablesAxis_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradeReceivablesAxis_1" xml:lang="en-US" id="label_TradeReceivablesAxis_1">Trade Receivables [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeReceivablesAxis" xlink:to="label_TradeReceivablesAxis_1" xlink:title="Label : TradeReceivablesAxis to label_TradeReceivablesAxis_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeReceivablesAxis" xlink:to="label_TradeReceivablesAxis_2" xlink:title="Label : TradeReceivablesAxis to label_TradeReceivablesAxis_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FinancialInvestmentsNoncurrent" xlink:label="FinancialInvestmentsNoncurrent" xlink:title="FinancialInvestmentsNoncurrent" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialInvestmentsNoncurrent" xml:lang="en-US" id="label_FinancialInvestmentsNoncurrent">Financial investments noncurrent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsNoncurrent" xlink:to="label_FinancialInvestmentsNoncurrent" xlink:title="Label : FinancialInvestmentsNoncurrent to label_FinancialInvestmentsNoncurrent" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsNoncurrent_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinancialInvestmentsNoncurrent_1" xml:lang="en-US" id="label_FinancialInvestmentsNoncurrent_1">Non-current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsNoncurrent" xlink:to="label_FinancialInvestmentsNoncurrent_1" xlink:title="Label : FinancialInvestmentsNoncurrent to label_FinancialInvestmentsNoncurrent_1" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FinancialInvestmentsCurrent" xlink:label="FinancialInvestmentsCurrent" xlink:title="FinancialInvestmentsCurrent" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialInvestmentsCurrent" xml:lang="en-US" id="label_FinancialInvestmentsCurrent">Financial investments current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsCurrent" xlink:to="label_FinancialInvestmentsCurrent" xlink:title="Label : FinancialInvestmentsCurrent to label_FinancialInvestmentsCurrent" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsCurrent_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinancialInvestmentsCurrent_1" xml:lang="en-US" id="label_FinancialInvestmentsCurrent_1">Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsCurrent" xlink:to="label_FinancialInvestmentsCurrent_1" xlink:title="Label : FinancialInvestmentsCurrent to label_FinancialInvestmentsCurrent_1" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsCurrent_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FinancialInvestmentsCurrent_2" xml:lang="en-US" id="label_FinancialInvestmentsCurrent_2">The amount of current financial investments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsCurrent" xlink:to="label_FinancialInvestmentsCurrent_2" xlink:title="Label : FinancialInvestmentsCurrent to label_FinancialInvestmentsCurrent_2" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestments_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialInvestments_1" xml:lang="en-US" id="label_FinancialInvestments_1">Financial investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestments" xlink:to="label_FinancialInvestments_1" xlink:title="Label : FinancialInvestments to label_FinancialInvestments_1" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestments_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_FinancialInvestments_2" xml:lang="en-US" id="label_FinancialInvestments_2">Total financial investments and derivative financial instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestments" xlink:to="label_FinancialInvestments_2" xlink:title="Label : FinancialInvestments to label_FinancialInvestments_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CurencyAndInterestRateHedgingInstruments" xlink:label="CurencyAndInterestRateHedgingInstruments" xlink:title="CurencyAndInterestRateHedgingInstruments" />
    <link:label xlink:type="resource" xlink:label="label_CurencyAndInterestRateHedgingInstruments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurencyAndInterestRateHedgingInstruments" xml:lang="en-US" id="label_CurencyAndInterestRateHedgingInstruments">Derivative financial instruments and other financial assets at fair value (b)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurencyAndInterestRateHedgingInstruments" xlink:to="label_CurencyAndInterestRateHedgingInstruments" xlink:title="Label : CurencyAndInterestRateHedgingInstruments to label_CurencyAndInterestRateHedgingInstruments" />
    <link:label xlink:type="resource" xlink:label="label_CurencyAndInterestRateHedgingInstruments_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurencyAndInterestRateHedgingInstruments_1" xml:lang="en-US" id="label_CurencyAndInterestRateHedgingInstruments_1">Curency and interest rate hedging instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurencyAndInterestRateHedgingInstruments" xlink:to="label_CurencyAndInterestRateHedgingInstruments_1" xlink:title="Label : CurencyAndInterestRateHedgingInstruments to label_CurencyAndInterestRateHedgingInstruments_1" />
    <link:label xlink:type="resource" xlink:label="label_CurencyAndInterestRateHedgingInstruments_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurencyAndInterestRateHedgingInstruments_2" xml:lang="en-US" id="label_CurencyAndInterestRateHedgingInstruments_2">The amount of derivative assets pertaining to currency and interest rate hedging instruments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurencyAndInterestRateHedgingInstruments" xlink:to="label_CurencyAndInterestRateHedgingInstruments_2" xlink:title="Label : CurencyAndInterestRateHedgingInstruments to label_CurencyAndInterestRateHedgingInstruments_2" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsInForeignCurrency_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinancialInvestmentsInForeignCurrency_1" xml:lang="en-US" id="label_FinancialInvestmentsInForeignCurrency_1">Financial investments in foreign currency, fixed-income securities and funds (a)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsInForeignCurrency" xlink:to="label_FinancialInvestmentsInForeignCurrency_1" xlink:title="Label : FinancialInvestmentsInForeignCurrency to label_FinancialInvestmentsInForeignCurrency_1" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsInForeignCurrency_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialInvestmentsInForeignCurrency_2" xml:lang="en-US" id="label_FinancialInvestmentsInForeignCurrency_2">Financial investments in foreign currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsInForeignCurrency" xlink:to="label_FinancialInvestmentsInForeignCurrency_2" xlink:title="Label : FinancialInvestmentsInForeignCurrency to label_FinancialInvestmentsInForeignCurrency_2" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsInLocalCurrency_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinancialInvestmentsInLocalCurrency_1" xml:lang="en-US" id="label_FinancialInvestmentsInLocalCurrency_1">Financial investments in local currency, fixed-income securities and funds</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsInLocalCurrency" xlink:to="label_FinancialInvestmentsInLocalCurrency_1" xlink:title="Label : FinancialInvestmentsInLocalCurrency to label_FinancialInvestmentsInLocalCurrency_1" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsInLocalCurrency_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialInvestmentsInLocalCurrency_2" xml:lang="en-US" id="label_FinancialInvestmentsInLocalCurrency_2">Financial investments in local currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsInLocalCurrency" xlink:to="label_FinancialInvestmentsInLocalCurrency_2" xlink:title="Label : FinancialInvestmentsInLocalCurrency to label_FinancialInvestmentsInLocalCurrency_2" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency_1" xml:lang="en-US" id="label_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency_1">Securities and funds in foreign currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency" xlink:to="label_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency_1" xlink:title="Label : FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency to label_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency_1" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency_2" xml:lang="en-US" id="label_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency_2">Financial investments considered cash equivalents in foreign currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency" xlink:to="label_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency_2" xlink:title="Label : FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency to label_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency_2" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency_3" xml:lang="en-US" id="label_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency_3">Fixed-income securities in foreign currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency" xlink:to="label_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency_3" xlink:title="Label : FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency to label_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency_3" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency_1" xml:lang="en-US" id="label_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency_1">Securities and funds in local currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency" xlink:to="label_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency_1" xlink:title="Label : FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency to label_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency_1" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency_2" xml:lang="en-US" id="label_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency_2">Fixed-income securities in local currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency" xlink:to="label_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency_2" xlink:title="Label : FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency to label_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency_2" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency_3" xml:lang="en-US" id="label_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency_3">Financial investments considered cash equivalents in local currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency" xlink:to="label_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency_3" xlink:title="Label : FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency to label_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CashAndBankDepositsInForeignCurrency" xlink:label="CashAndBankDepositsInForeignCurrency" xlink:title="CashAndBankDepositsInForeignCurrency" />
    <link:label xlink:type="resource" xlink:label="label_CashAndBankDepositsInForeignCurrency" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAndBankDepositsInForeignCurrency" xml:lang="en-US" id="label_CashAndBankDepositsInForeignCurrency">Cash and bank deposits in foreign currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndBankDepositsInForeignCurrency" xlink:to="label_CashAndBankDepositsInForeignCurrency" xlink:title="Label : CashAndBankDepositsInForeignCurrency to label_CashAndBankDepositsInForeignCurrency" />
    <link:label xlink:type="resource" xlink:label="label_CashAndBankDepositsInForeignCurrency_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashAndBankDepositsInForeignCurrency_1" xml:lang="en-US" id="label_CashAndBankDepositsInForeignCurrency_1">Cash and bank deposits in foreign currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndBankDepositsInForeignCurrency" xlink:to="label_CashAndBankDepositsInForeignCurrency_1" xlink:title="Label : CashAndBankDepositsInForeignCurrency to label_CashAndBankDepositsInForeignCurrency_1" />
    <link:label xlink:type="resource" xlink:label="label_CashAndBankDepositsInForeignCurrency_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CashAndBankDepositsInForeignCurrency_2" xml:lang="en-US" id="label_CashAndBankDepositsInForeignCurrency_2">The amount of cash on hand and bank deposits in foreign currency.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndBankDepositsInForeignCurrency" xlink:to="label_CashAndBankDepositsInForeignCurrency_2" xlink:title="Label : CashAndBankDepositsInForeignCurrency to label_CashAndBankDepositsInForeignCurrency_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CashAndBankDepositsInLocalCurrency" xlink:label="CashAndBankDepositsInLocalCurrency" xlink:title="CashAndBankDepositsInLocalCurrency" />
    <link:label xlink:type="resource" xlink:label="label_CashAndBankDepositsInLocalCurrency" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAndBankDepositsInLocalCurrency" xml:lang="en-US" id="label_CashAndBankDepositsInLocalCurrency">Cash and bank deposits in local currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndBankDepositsInLocalCurrency" xlink:to="label_CashAndBankDepositsInLocalCurrency" xlink:title="Label : CashAndBankDepositsInLocalCurrency to label_CashAndBankDepositsInLocalCurrency" />
    <link:label xlink:type="resource" xlink:label="label_CashAndBankDepositsInLocalCurrency_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashAndBankDepositsInLocalCurrency_1" xml:lang="en-US" id="label_CashAndBankDepositsInLocalCurrency_1">Cash and bank deposits in local currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndBankDepositsInLocalCurrency" xlink:to="label_CashAndBankDepositsInLocalCurrency_1" xlink:title="Label : CashAndBankDepositsInLocalCurrency to label_CashAndBankDepositsInLocalCurrency_1" />
    <link:label xlink:type="resource" xlink:label="label_CashAndBankDepositsInLocalCurrency_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CashAndBankDepositsInLocalCurrency_2" xml:lang="en-US" id="label_CashAndBankDepositsInLocalCurrency_2">The amount of cash on hand and bank deposits in local currency.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndBankDepositsInLocalCurrency" xlink:to="label_CashAndBankDepositsInLocalCurrency_2" xlink:title="Label : CashAndBankDepositsInLocalCurrency to label_CashAndBankDepositsInLocalCurrency_2" />
    <link:label xlink:type="resource" xlink:label="label_WeightedAveragePercentageOfFinancialLiabilitiesOfCustomers_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_WeightedAveragePercentageOfFinancialLiabilitiesOfCustomers_1" xml:lang="en-US" id="label_WeightedAveragePercentageOfFinancialLiabilitiesOfCustomers_1">Average rate of financial liabilities of customers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeightedAveragePercentageOfFinancialLiabilitiesOfCustomers" xlink:to="label_WeightedAveragePercentageOfFinancialLiabilitiesOfCustomers_1" xlink:title="Label : WeightedAveragePercentageOfFinancialLiabilitiesOfCustomers to label_WeightedAveragePercentageOfFinancialLiabilitiesOfCustomers_1" />
    <link:label xlink:type="resource" xlink:label="label_WeightedAveragePercentageOfFinancialLiabilitiesOfCustomers_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WeightedAveragePercentageOfFinancialLiabilitiesOfCustomers_2" xml:lang="en-US" id="label_WeightedAveragePercentageOfFinancialLiabilitiesOfCustomers_2">Weighted average percentage of financial liabilities of customers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeightedAveragePercentageOfFinancialLiabilitiesOfCustomers" xlink:to="label_WeightedAveragePercentageOfFinancialLiabilitiesOfCustomers_2" xlink:title="Label : WeightedAveragePercentageOfFinancialLiabilitiesOfCustomers to label_WeightedAveragePercentageOfFinancialLiabilitiesOfCustomers_2" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfMonthlyInstallmentsForFinancialLiabilitiesOfCustomers_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfMonthlyInstallmentsForFinancialLiabilitiesOfCustomers_1" xml:lang="en-US" id="label_NumberOfMonthlyInstallmentsForFinancialLiabilitiesOfCustomers_1">Average term of maturity of financial liabilities of customers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfMonthlyInstallmentsForFinancialLiabilitiesOfCustomers" xlink:to="label_NumberOfMonthlyInstallmentsForFinancialLiabilitiesOfCustomers_1" xlink:title="Label : NumberOfMonthlyInstallmentsForFinancialLiabilitiesOfCustomers to label_NumberOfMonthlyInstallmentsForFinancialLiabilitiesOfCustomers_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfMonthlyInstallmentsForFinancialLiabilitiesOfCustomers_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfMonthlyInstallmentsForFinancialLiabilitiesOfCustomers_2" xml:lang="en-US" id="label_NumberOfMonthlyInstallmentsForFinancialLiabilitiesOfCustomers_2">Number of monthly installments for financial liabilities of customers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfMonthlyInstallmentsForFinancialLiabilitiesOfCustomers" xlink:to="label_NumberOfMonthlyInstallmentsForFinancialLiabilitiesOfCustomers_2" xlink:title="Label : NumberOfMonthlyInstallmentsForFinancialLiabilitiesOfCustomers to label_NumberOfMonthlyInstallmentsForFinancialLiabilitiesOfCustomers_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BorrowingsMaturity" xlink:label="BorrowingsMaturity" xlink:title="BorrowingsMaturity" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsMaturity" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_BorrowingsMaturity" xml:lang="en-US" id="label_BorrowingsMaturity">Maturity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsMaturity" xlink:to="label_BorrowingsMaturity" xlink:title="Label : BorrowingsMaturity to label_BorrowingsMaturity" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsMaturity_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BorrowingsMaturity_1" xml:lang="en-US" id="label_BorrowingsMaturity_1">Borrowings, maturity date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsMaturity" xlink:to="label_BorrowingsMaturity_1" xlink:title="Label : BorrowingsMaturity to label_BorrowingsMaturity_1" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsMaturity_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsMaturity_2" xml:lang="en-US" id="label_BorrowingsMaturity_2">Borrowings, maturity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsMaturity" xlink:to="label_BorrowingsMaturity_2" xlink:title="Label : BorrowingsMaturity to label_BorrowingsMaturity_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ImpairmentLoss" xlink:label="ImpairmentLoss" xlink:title="ImpairmentLoss" />
    <link:label xlink:type="resource" xlink:label="label_ImpairmentLoss" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ImpairmentLoss" xml:lang="en-US" id="label_ImpairmentLoss">Net impairment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentLoss" xlink:to="label_ImpairmentLoss" xlink:title="Label : ImpairmentLoss to label_ImpairmentLoss" />
    <link:label xlink:type="resource" xlink:label="label_ImpairmentLoss_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ImpairmentLoss_1" xml:lang="en-US" id="label_ImpairmentLoss_1">Net impairment loss of assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentLoss" xlink:to="label_ImpairmentLoss_1" xlink:title="Label : ImpairmentLoss to label_ImpairmentLoss_1" />
    <link:label xlink:type="resource" xlink:label="label_ImpairmentLoss_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ImpairmentLoss_2" xml:lang="en-US" id="label_ImpairmentLoss_2">Impairment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentLoss" xlink:to="label_ImpairmentLoss_2" xlink:title="Label : ImpairmentLoss to label_ImpairmentLoss_2" />
    <link:label xlink:type="resource" xlink:label="label_ImpairmentLoss_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ImpairmentLoss_3" xml:lang="en-US" id="label_ImpairmentLoss_3">Impairment loss</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentLoss" xlink:to="label_ImpairmentLoss_3" xlink:title="Label : ImpairmentLoss to label_ImpairmentLoss_3" />
    <link:label xlink:type="resource" xlink:label="label_ImpairmentLoss_4" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ImpairmentLoss_4" xml:lang="en-US" id="label_ImpairmentLoss_4">Net impairment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentLoss" xlink:to="label_ImpairmentLoss_4" xlink:title="Label : ImpairmentLoss to label_ImpairmentLoss_4" />
    <link:label xlink:type="resource" xlink:label="label_DeferredIncomeAndSocialContributionTaxExpenseBenefitOnImpairmentLoss_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredIncomeAndSocialContributionTaxExpenseBenefitOnImpairmentLoss_3" xml:lang="en-US" id="label_DeferredIncomeAndSocialContributionTaxExpenseBenefitOnImpairmentLoss_3">Deferred income and social contribution taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredIncomeAndSocialContributionTaxExpenseBenefitOnImpairmentLoss" xlink:to="label_DeferredIncomeAndSocialContributionTaxExpenseBenefitOnImpairmentLoss_3" xlink:title="Label : DeferredIncomeAndSocialContributionTaxExpenseBenefitOnImpairmentLoss to label_DeferredIncomeAndSocialContributionTaxExpenseBenefitOnImpairmentLoss_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ApplicableTaxRate" xlink:label="ApplicableTaxRate" xlink:title="ApplicableTaxRate" />
    <link:label xlink:type="resource" xlink:label="label_ApplicableTaxRate" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ApplicableTaxRate" xml:lang="en-US" id="label_ApplicableTaxRate">Statutory tax rates in Brazil</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ApplicableTaxRate" xlink:to="label_ApplicableTaxRate" xlink:title="Label : ApplicableTaxRate to label_ApplicableTaxRate" />
    <link:label xlink:type="resource" xlink:label="label_ApplicableTaxRate_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ApplicableTaxRate_1" xml:lang="en-US" id="label_ApplicableTaxRate_1">Applicable tax rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ApplicableTaxRate" xlink:to="label_ApplicableTaxRate_1" xlink:title="Label : ApplicableTaxRate to label_ApplicableTaxRate_1" />
    <link:label xlink:type="resource" xlink:label="label_ApplicableTaxRate_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ApplicableTaxRate_2" xml:lang="en-US" id="label_ApplicableTaxRate_2">Statutory tax rates - %</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ApplicableTaxRate" xlink:to="label_ApplicableTaxRate_2" xlink:title="Label : ApplicableTaxRate to label_ApplicableTaxRate_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:label="ReserveOfExchangeDifferencesOnTranslation" xlink:title="ReserveOfExchangeDifferencesOnTranslation" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfExchangeDifferencesOnTranslation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveOfExchangeDifferencesOnTranslation" xml:lang="en-US" id="label_ReserveOfExchangeDifferencesOnTranslation">Reserve of exchange differences on translation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfExchangeDifferencesOnTranslation" xlink:to="label_ReserveOfExchangeDifferencesOnTranslation" xlink:title="Label : ReserveOfExchangeDifferencesOnTranslation to label_ReserveOfExchangeDifferencesOnTranslation" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfExchangeDifferencesOnTranslation_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveOfExchangeDifferencesOnTranslation_1" xml:lang="en-US" id="label_ReserveOfExchangeDifferencesOnTranslation_1">Cumulative translation adjustments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfExchangeDifferencesOnTranslation" xlink:to="label_ReserveOfExchangeDifferencesOnTranslation_1" xlink:title="Label : ReserveOfExchangeDifferencesOnTranslation to label_ReserveOfExchangeDifferencesOnTranslation_1" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfExchangeDifferencesOnTranslation_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_ReserveOfExchangeDifferencesOnTranslation_2" xml:lang="en-US" id="label_ReserveOfExchangeDifferencesOnTranslation_2">Beginning balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfExchangeDifferencesOnTranslation" xlink:to="label_ReserveOfExchangeDifferencesOnTranslation_2" xlink:title="Label : ReserveOfExchangeDifferencesOnTranslation to label_ReserveOfExchangeDifferencesOnTranslation_2" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfExchangeDifferencesOnTranslation_3" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_ReserveOfExchangeDifferencesOnTranslation_3" xml:lang="en-US" id="label_ReserveOfExchangeDifferencesOnTranslation_3">Ending Balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfExchangeDifferencesOnTranslation" xlink:to="label_ReserveOfExchangeDifferencesOnTranslation_3" xlink:title="Label : ReserveOfExchangeDifferencesOnTranslation to label_ReserveOfExchangeDifferencesOnTranslation_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ResearchAndDevelopmentExpense" xlink:label="ResearchAndDevelopmentExpense" xlink:title="ResearchAndDevelopmentExpense" />
    <link:label xlink:type="resource" xlink:label="label_ResearchAndDevelopmentExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ResearchAndDevelopmentExpense" xml:lang="en-US" id="label_ResearchAndDevelopmentExpense">Research and development expense recognized</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ResearchAndDevelopmentExpense" xlink:to="label_ResearchAndDevelopmentExpense" xlink:title="Label : ResearchAndDevelopmentExpense to label_ResearchAndDevelopmentExpense" />
    <link:label xlink:type="resource" xlink:label="label_ResearchAndDevelopmentExpense_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ResearchAndDevelopmentExpense_1" xml:lang="en-US" id="label_ResearchAndDevelopmentExpense_1">Research and development expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ResearchAndDevelopmentExpense" xlink:to="label_ResearchAndDevelopmentExpense_1" xlink:title="Label : ResearchAndDevelopmentExpense to label_ResearchAndDevelopmentExpense_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ResellerFinancingRatePerMonth" xlink:label="ResellerFinancingRatePerMonth" xlink:title="ResellerFinancingRatePerMonth" />
    <link:label xlink:type="resource" xlink:label="label_ResellerFinancingRatePerMonth" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ResellerFinancingRatePerMonth" xml:lang="en-US" id="label_ResellerFinancingRatePerMonth">Reseller financing rate per month</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ResellerFinancingRatePerMonth" xlink:to="label_ResellerFinancingRatePerMonth" xlink:title="Label : ResellerFinancingRatePerMonth to label_ResellerFinancingRatePerMonth" />
    <link:label xlink:type="resource" xlink:label="label_ResellerFinancingRatePerMonth_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ResellerFinancingRatePerMonth_1" xml:lang="en-US" id="label_ResellerFinancingRatePerMonth_1">Reseller financing rate per month</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ResellerFinancingRatePerMonth" xlink:to="label_ResellerFinancingRatePerMonth_1" xlink:title="Label : ResellerFinancingRatePerMonth to label_ResellerFinancingRatePerMonth_1" />
    <link:label xlink:type="resource" xlink:label="label_ResellerFinancingRatePerMonth_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ResellerFinancingRatePerMonth_2" xml:lang="en-US" id="label_ResellerFinancingRatePerMonth_2">The percentage of reseller financing rate per month.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ResellerFinancingRatePerMonth" xlink:to="label_ResellerFinancingRatePerMonth_2" xlink:title="Label : ResellerFinancingRatePerMonth to label_ResellerFinancingRatePerMonth_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TermsOfResellerFinancing" xlink:label="TermsOfResellerFinancing" xlink:title="TermsOfResellerFinancing" />
    <link:label xlink:type="resource" xlink:label="label_TermsOfResellerFinancing" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TermsOfResellerFinancing" xml:lang="en-US" id="label_TermsOfResellerFinancing">Terms of reseller financing</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TermsOfResellerFinancing" xlink:to="label_TermsOfResellerFinancing" xlink:title="Label : TermsOfResellerFinancing to label_TermsOfResellerFinancing" />
    <link:label xlink:type="resource" xlink:label="label_TermsOfResellerFinancing_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TermsOfResellerFinancing_1" xml:lang="en-US" id="label_TermsOfResellerFinancing_1">Terms of reseller financing</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TermsOfResellerFinancing" xlink:to="label_TermsOfResellerFinancing_1" xlink:title="Label : TermsOfResellerFinancing to label_TermsOfResellerFinancing_1" />
    <link:label xlink:type="resource" xlink:label="label_TermsOfResellerFinancing_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TermsOfResellerFinancing_2" xml:lang="en-US" id="label_TermsOfResellerFinancing_2">The contract term of reseller financing.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TermsOfResellerFinancing" xlink:to="label_TermsOfResellerFinancing_2" xlink:title="Label : TermsOfResellerFinancing to label_TermsOfResellerFinancing_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LIBORMember" xlink:label="LIBORMember" xlink:title="LIBORMember" />
    <link:label xlink:type="resource" xlink:label="label_LIBORMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LIBORMember" xml:lang="en-US" id="label_LIBORMember">This member stands for the information pertaining to LIBOR.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LIBORMember" xlink:to="label_LIBORMember" xlink:title="Label : LIBORMember to label_LIBORMember" />
    <link:label xlink:type="resource" xlink:label="label_LIBORMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LIBORMember_1" xml:lang="en-US" id="label_LIBORMember_1">LIBOR [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LIBORMember" xlink:to="label_LIBORMember_1" xlink:title="Label : LIBORMember to label_LIBORMember_1" />
    <link:label xlink:type="resource" xlink:label="label_LIBORMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LIBORMember_2" xml:lang="en-US" id="label_LIBORMember_2">L I B O R [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LIBORMember" xlink:to="label_LIBORMember_2" xlink:title="Label : LIBORMember to label_LIBORMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TypesOfRisksDomain" xlink:label="TypesOfRisksDomain" xlink:title="TypesOfRisksDomain" />
    <link:label xlink:type="resource" xlink:label="label_TypesOfRisksDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TypesOfRisksDomain" xml:lang="en-US" id="label_TypesOfRisksDomain">Types of risks [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TypesOfRisksDomain" xlink:to="label_TypesOfRisksDomain" xlink:title="Label : TypesOfRisksDomain to label_TypesOfRisksDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TypesOfRisksAxis" xlink:label="TypesOfRisksAxis" xlink:title="TypesOfRisksAxis" />
    <link:label xlink:type="resource" xlink:label="label_TypesOfRisksAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TypesOfRisksAxis" xml:lang="en-US" id="label_TypesOfRisksAxis">Types of risks [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TypesOfRisksAxis" xlink:to="label_TypesOfRisksAxis" xlink:title="Label : TypesOfRisksAxis to label_TypesOfRisksAxis" />
    <link:label xlink:type="resource" xlink:label="label_TypesOfRisksAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TypesOfRisksAxis_1" xml:lang="en-US" id="label_TypesOfRisksAxis_1">Types of risks [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TypesOfRisksAxis" xlink:to="label_TypesOfRisksAxis_1" xlink:title="Label : TypesOfRisksAxis to label_TypesOfRisksAxis_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CSLLMember" xlink:label="CSLLMember" xlink:title="CSLLMember" />
    <link:label xlink:type="resource" xlink:label="label_CSLLMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CSLLMember" xml:lang="en-US" id="label_CSLLMember">C S L L [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CSLLMember" xlink:to="label_CSLLMember" xlink:title="Label : CSLLMember to label_CSLLMember" />
    <link:label xlink:type="resource" xlink:label="label_CSLLMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CSLLMember_1" xml:lang="en-US" id="label_CSLLMember_1">CSLL [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CSLLMember" xlink:to="label_CSLLMember_1" xlink:title="Label : CSLLMember to label_CSLLMember_1" />
    <link:label xlink:type="resource" xlink:label="label_CSLLMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CSLLMember_2" xml:lang="en-US" id="label_CSLLMember_2">This member stands for the information pertaining to social contribution on net income tax (CSLL).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CSLLMember" xlink:to="label_CSLLMember_2" xlink:title="Label : CSLLMember to label_CSLLMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IRPJMember" xlink:label="IRPJMember" xlink:title="IRPJMember" />
    <link:label xlink:type="resource" xlink:label="label_IRPJMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IRPJMember" xml:lang="en-US" id="label_IRPJMember">This member stands for the information pertaining to current and deferred income tax (IRPJ).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IRPJMember" xlink:to="label_IRPJMember" xlink:title="Label : IRPJMember to label_IRPJMember" />
    <link:label xlink:type="resource" xlink:label="label_IRPJMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IRPJMember_1" xml:lang="en-US" id="label_IRPJMember_1">IRPJ [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IRPJMember" xlink:to="label_IRPJMember_1" xlink:title="Label : IRPJMember to label_IRPJMember_1" />
    <link:label xlink:type="resource" xlink:label="label_IRPJMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IRPJMember_2" xml:lang="en-US" id="label_IRPJMember_2">I R P J [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IRPJMember" xlink:to="label_IRPJMember_2" xlink:title="Label : IRPJMember to label_IRPJMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TaxesDomain" xlink:label="TaxesDomain" xlink:title="TaxesDomain" />
    <link:label xlink:type="resource" xlink:label="label_TaxesDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TaxesDomain" xml:lang="en-US" id="label_TaxesDomain">Taxes [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxesDomain" xlink:to="label_TaxesDomain" xlink:title="Label : TaxesDomain to label_TaxesDomain" />
    <link:label xlink:type="resource" xlink:label="label_TaxesDomain_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TaxesDomain_1" xml:lang="en-US" id="label_TaxesDomain_1">Taxes [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxesDomain" xlink:to="label_TaxesDomain_1" xlink:title="Label : TaxesDomain to label_TaxesDomain_1" />
    <link:label xlink:type="resource" xlink:label="label_TaxesDomain_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaxesDomain_2" xml:lang="en-US" id="label_TaxesDomain_2">Taxes [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxesDomain" xlink:to="label_TaxesDomain_2" xlink:title="Label : TaxesDomain to label_TaxesDomain_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TaxesAxis" xlink:label="TaxesAxis" xlink:title="TaxesAxis" />
    <link:label xlink:type="resource" xlink:label="label_TaxesAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TaxesAxis" xml:lang="en-US" id="label_TaxesAxis">Taxes [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxesAxis" xlink:to="label_TaxesAxis" xlink:title="Label : TaxesAxis to label_TaxesAxis" />
    <link:label xlink:type="resource" xlink:label="label_TaxesAxis_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TaxesAxis_1" xml:lang="en-US" id="label_TaxesAxis_1">Taxes [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxesAxis" xlink:to="label_TaxesAxis_1" xlink:title="Label : TaxesAxis to label_TaxesAxis_1" />
    <link:label xlink:type="resource" xlink:label="label_TaxesAxis_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaxesAxis_2" xml:lang="en-US" id="label_TaxesAxis_2">Taxes [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxesAxis" xlink:to="label_TaxesAxis_2" xlink:title="Label : TaxesAxis to label_TaxesAxis_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ForeignLoansMember" xlink:label="ForeignLoansMember" xlink:title="ForeignLoansMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoansMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignLoansMember" xml:lang="en-US" id="label_ForeignLoansMember">This member stands for the information pertaining to foreign loans.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoansMember" xlink:to="label_ForeignLoansMember" xlink:title="Label : ForeignLoansMember to label_ForeignLoansMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoansMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ForeignLoansMember_1" xml:lang="en-US" id="label_ForeignLoansMember_1">Foreign loans [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoansMember" xlink:to="label_ForeignLoansMember_1" xlink:title="Label : ForeignLoansMember to label_ForeignLoansMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ForeignLoansMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignLoansMember_2" xml:lang="en-US" id="label_ForeignLoansMember_2">Foreign Loans [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignLoansMember" xlink:to="label_ForeignLoansMember_2" xlink:title="Label : ForeignLoansMember to label_ForeignLoansMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_WeightedAverageMember" xlink:label="WeightedAverageMember" xlink:title="WeightedAverageMember" />
    <link:label xlink:type="resource" xlink:label="label_WeightedAverageMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_WeightedAverageMember" xml:lang="en-US" id="label_WeightedAverageMember">Weighted average [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeightedAverageMember" xlink:to="label_WeightedAverageMember" xlink:title="Label : WeightedAverageMember to label_WeightedAverageMember" />
    <link:label xlink:type="resource" xlink:label="label_WeightedAverageMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WeightedAverageMember_1" xml:lang="en-US" id="label_WeightedAverageMember_1">Weighted average [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeightedAverageMember" xlink:to="label_WeightedAverageMember_1" xlink:title="Label : WeightedAverageMember to label_WeightedAverageMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TopOfRangeMember" xlink:label="TopOfRangeMember" xlink:title="TopOfRangeMember" />
    <link:label xlink:type="resource" xlink:label="label_TopOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TopOfRangeMember" xml:lang="en-US" id="label_TopOfRangeMember">Top of range [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TopOfRangeMember" xlink:to="label_TopOfRangeMember" xlink:title="Label : TopOfRangeMember to label_TopOfRangeMember" />
    <link:label xlink:type="resource" xlink:label="label_TopOfRangeMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TopOfRangeMember_1" xml:lang="en-US" id="label_TopOfRangeMember_1">Top of range [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TopOfRangeMember" xlink:to="label_TopOfRangeMember_1" xlink:title="Label : TopOfRangeMember to label_TopOfRangeMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BottomOfRangeMember" xlink:label="BottomOfRangeMember" xlink:title="BottomOfRangeMember" />
    <link:label xlink:type="resource" xlink:label="label_BottomOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BottomOfRangeMember" xml:lang="en-US" id="label_BottomOfRangeMember">Bottom of range [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BottomOfRangeMember" xlink:to="label_BottomOfRangeMember" xlink:title="Label : BottomOfRangeMember to label_BottomOfRangeMember" />
    <link:label xlink:type="resource" xlink:label="label_BottomOfRangeMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BottomOfRangeMember_1" xml:lang="en-US" id="label_BottomOfRangeMember_1">Bottom of range [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BottomOfRangeMember" xlink:to="label_BottomOfRangeMember_1" xlink:title="Label : BottomOfRangeMember to label_BottomOfRangeMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RangeDomain" xlink:label="RangeDomain" xlink:title="RangeDomain" />
    <link:label xlink:type="resource" xlink:label="label_RangeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RangeDomain" xml:lang="en-US" id="label_RangeDomain">Range [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RangeDomain" xlink:to="label_RangeDomain" xlink:title="Label : RangeDomain to label_RangeDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RangeAxis" xlink:label="RangeAxis" xlink:title="RangeAxis" />
    <link:label xlink:type="resource" xlink:label="label_RangeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RangeAxis" xml:lang="en-US" id="label_RangeAxis">Range [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RangeAxis" xlink:to="label_RangeAxis" xlink:title="Label : RangeAxis to label_RangeAxis" />
    <link:label xlink:type="resource" xlink:label="label_RangeAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RangeAxis_1" xml:lang="en-US" id="label_RangeAxis_1">Range [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RangeAxis" xlink:to="label_RangeAxis_1" xlink:title="Label : RangeAxis to label_RangeAxis_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PercentageOfVotingEquityInterestsToBeAcquired" xlink:label="PercentageOfVotingEquityInterestsToBeAcquired" xlink:title="PercentageOfVotingEquityInterestsToBeAcquired" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfVotingEquityInterestsToBeAcquired" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PercentageOfVotingEquityInterestsToBeAcquired" xml:lang="en-US" id="label_PercentageOfVotingEquityInterestsToBeAcquired">Percentage Of Voting Equity Interests To Be Acquired</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfVotingEquityInterestsToBeAcquired" xlink:to="label_PercentageOfVotingEquityInterestsToBeAcquired" xlink:title="Label : PercentageOfVotingEquityInterestsToBeAcquired to label_PercentageOfVotingEquityInterestsToBeAcquired" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfVotingEquityInterestsToBeAcquired_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentageOfVotingEquityInterestsToBeAcquired_1" xml:lang="en-US" id="label_PercentageOfVotingEquityInterestsToBeAcquired_1">Percentage of interest to be acquired</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfVotingEquityInterestsToBeAcquired" xlink:to="label_PercentageOfVotingEquityInterestsToBeAcquired_1" xlink:title="Label : PercentageOfVotingEquityInterestsToBeAcquired to label_PercentageOfVotingEquityInterestsToBeAcquired_1" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfVotingEquityInterestsToBeAcquired_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PercentageOfVotingEquityInterestsToBeAcquired_2" xml:lang="en-US" id="label_PercentageOfVotingEquityInterestsToBeAcquired_2">The percentage of voting equity interests to be acquired in a business combination.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfVotingEquityInterestsToBeAcquired" xlink:to="label_PercentageOfVotingEquityInterestsToBeAcquired_2" xlink:title="Label : PercentageOfVotingEquityInterestsToBeAcquired to label_PercentageOfVotingEquityInterestsToBeAcquired_2" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsInterestRate_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_BorrowingsInterestRate_1" xml:lang="en-US" id="label_BorrowingsInterestRate_1">Borrowings, coupon rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsInterestRate" xlink:to="label_BorrowingsInterestRate_1" xlink:title="Label : BorrowingsInterestRate to label_BorrowingsInterestRate_1" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsInterestRate_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsInterestRate_2" xml:lang="en-US" id="label_BorrowingsInterestRate_2">Borrowings, interest rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsInterestRate" xlink:to="label_BorrowingsInterestRate_2" xlink:title="Label : BorrowingsInterestRate to label_BorrowingsInterestRate_2" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsInterestRate_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BorrowingsInterestRate_3" xml:lang="en-US" id="label_BorrowingsInterestRate_3">Interest rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsInterestRate" xlink:to="label_BorrowingsInterestRate_3" xlink:title="Label : BorrowingsInterestRate to label_BorrowingsInterestRate_3" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsInterestRate_4" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel" xlink:title="label_BorrowingsInterestRate_4" xml:lang="en-US" id="label_BorrowingsInterestRate_4">Financial charges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsInterestRate" xlink:to="label_BorrowingsInterestRate_4" xlink:title="Label : BorrowingsInterestRate to label_BorrowingsInterestRate_4" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DecreasePercentageOfInvestmentPlan" xlink:label="DecreasePercentageOfInvestmentPlan" xlink:title="DecreasePercentageOfInvestmentPlan" />
    <link:label xlink:type="resource" xlink:label="label_DecreasePercentageOfInvestmentPlan" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DecreasePercentageOfInvestmentPlan" xml:lang="en-US" id="label_DecreasePercentageOfInvestmentPlan">Decrease percentage of investment plan</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreasePercentageOfInvestmentPlan" xlink:to="label_DecreasePercentageOfInvestmentPlan" xlink:title="Label : DecreasePercentageOfInvestmentPlan to label_DecreasePercentageOfInvestmentPlan" />
    <link:label xlink:type="resource" xlink:label="label_DecreasePercentageOfInvestmentPlan_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DecreasePercentageOfInvestmentPlan_1" xml:lang="en-US" id="label_DecreasePercentageOfInvestmentPlan_1">The percentage of the entity's investment plan decreased due to cash containment measurement applied by the reporting entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreasePercentageOfInvestmentPlan" xlink:to="label_DecreasePercentageOfInvestmentPlan_1" xlink:title="Label : DecreasePercentageOfInvestmentPlan to label_DecreasePercentageOfInvestmentPlan_1" />
    <link:label xlink:type="resource" xlink:label="label_DecreasePercentageOfInvestmentPlan_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DecreasePercentageOfInvestmentPlan_2" xml:lang="en-US" id="label_DecreasePercentageOfInvestmentPlan_2">Decrease Percentage of Investment Plan</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreasePercentageOfInvestmentPlan" xlink:to="label_DecreasePercentageOfInvestmentPlan_2" xlink:title="Label : DecreasePercentageOfInvestmentPlan to label_DecreasePercentageOfInvestmentPlan_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RepaymentsOfBondsNotesAndDebentures" xlink:label="RepaymentsOfBondsNotesAndDebentures" xlink:title="RepaymentsOfBondsNotesAndDebentures" />
    <link:label xlink:type="resource" xlink:label="label_RepaymentsOfBondsNotesAndDebentures" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_RepaymentsOfBondsNotesAndDebentures" xml:lang="en-US" id="label_RepaymentsOfBondsNotesAndDebentures">Loans paid off in advance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfBondsNotesAndDebentures" xlink:to="label_RepaymentsOfBondsNotesAndDebentures" xlink:title="Label : RepaymentsOfBondsNotesAndDebentures to label_RepaymentsOfBondsNotesAndDebentures" />
    <link:label xlink:type="resource" xlink:label="label_RepaymentsOfBondsNotesAndDebentures_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RepaymentsOfBondsNotesAndDebentures_1" xml:lang="en-US" id="label_RepaymentsOfBondsNotesAndDebentures_1">Repayments of bonds, notes and debentures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfBondsNotesAndDebentures" xlink:to="label_RepaymentsOfBondsNotesAndDebentures_1" xlink:title="Label : RepaymentsOfBondsNotesAndDebentures to label_RepaymentsOfBondsNotesAndDebentures_1" />
    <link:label xlink:type="resource" xlink:label="label_RepaymentsOfBondsNotesAndDebentures_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RepaymentsOfBondsNotesAndDebentures_2" xml:lang="en-US" id="label_RepaymentsOfBondsNotesAndDebentures_2">Repayments of borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfBondsNotesAndDebentures" xlink:to="label_RepaymentsOfBondsNotesAndDebentures_2" xlink:title="Label : RepaymentsOfBondsNotesAndDebentures to label_RepaymentsOfBondsNotesAndDebentures_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures" xlink:label="ProceedsFromIssueOfBondsNotesAndDebentures" xlink:title="ProceedsFromIssueOfBondsNotesAndDebentures" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromIssueOfBondsNotesAndDebentures" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromIssueOfBondsNotesAndDebentures" xml:lang="en-US" id="label_ProceedsFromIssueOfBondsNotesAndDebentures">Proceeds through the issuance of borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromIssueOfBondsNotesAndDebentures" xlink:to="label_ProceedsFromIssueOfBondsNotesAndDebentures" xlink:title="Label : ProceedsFromIssueOfBondsNotesAndDebentures to label_ProceedsFromIssueOfBondsNotesAndDebentures" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromIssueOfBondsNotesAndDebentures_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromIssueOfBondsNotesAndDebentures_1" xml:lang="en-US" id="label_ProceedsFromIssueOfBondsNotesAndDebentures_1">Proceeds from issue of bonds, notes and debentures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromIssueOfBondsNotesAndDebentures" xlink:to="label_ProceedsFromIssueOfBondsNotesAndDebentures_1" xlink:title="Label : ProceedsFromIssueOfBondsNotesAndDebentures to label_ProceedsFromIssueOfBondsNotesAndDebentures_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_BorrowingsMaturityPeriod" xlink:label="BorrowingsMaturityPeriod" xlink:title="BorrowingsMaturityPeriod" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsMaturityPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BorrowingsMaturityPeriod" xml:lang="en-US" id="label_BorrowingsMaturityPeriod">Borrowings, maturity period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsMaturityPeriod" xlink:to="label_BorrowingsMaturityPeriod" xlink:title="Label : BorrowingsMaturityPeriod to label_BorrowingsMaturityPeriod" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsMaturityPeriod_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BorrowingsMaturityPeriod_1" xml:lang="en-US" id="label_BorrowingsMaturityPeriod_1">The maturity period of borrowings obtained.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsMaturityPeriod" xlink:to="label_BorrowingsMaturityPeriod_1" xlink:title="Label : BorrowingsMaturityPeriod to label_BorrowingsMaturityPeriod_1" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsMaturityPeriod_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsMaturityPeriod_2" xml:lang="en-US" id="label_BorrowingsMaturityPeriod_2">Borrowings Maturity Period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsMaturityPeriod" xlink:to="label_BorrowingsMaturityPeriod_2" xlink:title="Label : BorrowingsMaturityPeriod to label_BorrowingsMaturityPeriod_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_UltraparEmpreendimentosLtdaMember" xlink:label="UltraparEmpreendimentosLtdaMember" xlink:title="UltraparEmpreendimentosLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_UltraparEmpreendimentosLtdaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UltraparEmpreendimentosLtdaMember" xml:lang="en-US" id="label_UltraparEmpreendimentosLtdaMember">Ultrapar Empreendimentos Ltda. [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltraparEmpreendimentosLtdaMember" xlink:to="label_UltraparEmpreendimentosLtdaMember" xlink:title="Label : UltraparEmpreendimentosLtdaMember to label_UltraparEmpreendimentosLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_UltraparEmpreendimentosLtdaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UltraparEmpreendimentosLtdaMember_1" xml:lang="en-US" id="label_UltraparEmpreendimentosLtdaMember_1">Ultrapar Empreendimentos Ltda.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltraparEmpreendimentosLtdaMember" xlink:to="label_UltraparEmpreendimentosLtdaMember_1" xlink:title="Label : UltraparEmpreendimentosLtdaMember to label_UltraparEmpreendimentosLtdaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_UltraparEmpreendimentosLtdaMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UltraparEmpreendimentosLtdaMember_2" xml:lang="en-US" id="label_UltraparEmpreendimentosLtdaMember_2">This member stands for the information pertaining to "Ultrapar Empreendimentos Ltda.".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltraparEmpreendimentosLtdaMember" xlink:to="label_UltraparEmpreendimentosLtdaMember_2" xlink:title="Label : UltraparEmpreendimentosLtdaMember to label_UltraparEmpreendimentosLtdaMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_BondsMaturingIn2029Member" xlink:label="BondsMaturingIn2029Member" xlink:title="BondsMaturingIn2029Member" />
    <link:label xlink:type="resource" xlink:label="label_BondsMaturingIn2029Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BondsMaturingIn2029Member" xml:lang="en-US" id="label_BondsMaturingIn2029Member">Bonds Maturing In 2029 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BondsMaturingIn2029Member" xlink:to="label_BondsMaturingIn2029Member" xlink:title="Label : BondsMaturingIn2029Member to label_BondsMaturingIn2029Member" />
    <link:label xlink:type="resource" xlink:label="label_BondsMaturingIn2029Member_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BondsMaturingIn2029Member_1" xml:lang="en-US" id="label_BondsMaturingIn2029Member_1">Bonds maturing in 2029 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BondsMaturingIn2029Member" xlink:to="label_BondsMaturingIn2029Member_1" xlink:title="Label : BondsMaturingIn2029Member to label_BondsMaturingIn2029Member_1" />
    <link:label xlink:type="resource" xlink:label="label_BondsMaturingIn2029Member_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BondsMaturingIn2029Member_2" xml:lang="en-US" id="label_BondsMaturingIn2029Member_2">This member stands for the information pertaining to bonds which is maturing in 2029.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BondsMaturingIn2029Member" xlink:to="label_BondsMaturingIn2029Member_2" xlink:title="Label : BondsMaturingIn2029Member to label_BondsMaturingIn2029Member_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_PromissoryNotesMember" xlink:label="PromissoryNotesMember" xlink:title="PromissoryNotesMember" />
    <link:label xlink:type="resource" xlink:label="label_PromissoryNotesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PromissoryNotesMember" xml:lang="en-US" id="label_PromissoryNotesMember">Promissory notes [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PromissoryNotesMember" xlink:to="label_PromissoryNotesMember" xlink:title="Label : PromissoryNotesMember to label_PromissoryNotesMember" />
    <link:label xlink:type="resource" xlink:label="label_PromissoryNotesMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PromissoryNotesMember_1" xml:lang="en-US" id="label_PromissoryNotesMember_1">Promissory Notes [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PromissoryNotesMember" xlink:to="label_PromissoryNotesMember_1" xlink:title="Label : PromissoryNotesMember to label_PromissoryNotesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_PromissoryNotesMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PromissoryNotesMember_2" xml:lang="en-US" id="label_PromissoryNotesMember_2">This member stands for the information pertaining to promissory notes.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PromissoryNotesMember" xlink:to="label_PromissoryNotesMember_2" xlink:title="Label : PromissoryNotesMember to label_PromissoryNotesMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BorrowingsByNameDomain" xlink:label="BorrowingsByNameDomain" xlink:title="BorrowingsByNameDomain" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsByNameDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsByNameDomain" xml:lang="en-US" id="label_BorrowingsByNameDomain">Borrowings by name [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsByNameDomain" xlink:to="label_BorrowingsByNameDomain" xlink:title="Label : BorrowingsByNameDomain to label_BorrowingsByNameDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BorrowingsByNameAxis" xlink:label="BorrowingsByNameAxis" xlink:title="BorrowingsByNameAxis" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsByNameAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BorrowingsByNameAxis" xml:lang="en-US" id="label_BorrowingsByNameAxis">Borrowings by name [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsByNameAxis" xlink:to="label_BorrowingsByNameAxis" xlink:title="Label : BorrowingsByNameAxis to label_BorrowingsByNameAxis" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsByNameAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsByNameAxis_1" xml:lang="en-US" id="label_BorrowingsByNameAxis_1">Borrowings by name [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsByNameAxis" xlink:to="label_BorrowingsByNameAxis_1" xlink:title="Label : BorrowingsByNameAxis to label_BorrowingsByNameAxis_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ConsiderationPaidReceived" xlink:label="ConsiderationPaidReceived" xlink:title="ConsiderationPaidReceived" />
    <link:label xlink:type="resource" xlink:label="label_ConsiderationPaidReceived" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConsiderationPaidReceived" xml:lang="en-US" id="label_ConsiderationPaidReceived">Consideration paid (received)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsiderationPaidReceived" xlink:to="label_ConsiderationPaidReceived" xlink:title="Label : ConsiderationPaidReceived to label_ConsiderationPaidReceived" />
    <link:label xlink:type="resource" xlink:label="label_ConsiderationPaidReceived_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConsiderationPaidReceived_1" xml:lang="en-US" id="label_ConsiderationPaidReceived_1">Total consideration paid</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsiderationPaidReceived" xlink:to="label_ConsiderationPaidReceived_1" xlink:title="Label : ConsiderationPaidReceived to label_ConsiderationPaidReceived_1" />
    <link:label xlink:type="resource" xlink:label="label_ConsiderationPaidReceived_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ConsiderationPaidReceived_2" xml:lang="en-US" id="label_ConsiderationPaidReceived_2">Total minimum acquisition value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsiderationPaidReceived" xlink:to="label_ConsiderationPaidReceived_2" xlink:title="Label : ConsiderationPaidReceived to label_ConsiderationPaidReceived_2" />
    <link:label xlink:type="resource" xlink:label="label_ConsiderationPaidReceived_3" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel" xlink:title="label_ConsiderationPaidReceived_3" xml:lang="en-US" id="label_ConsiderationPaidReceived_3">Net cash consumed on investments acquisition</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsiderationPaidReceived" xlink:to="label_ConsiderationPaidReceived_3" xlink:title="Label : ConsiderationPaidReceived to label_ConsiderationPaidReceived_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BorrowingsInterestRateBasis" xlink:label="BorrowingsInterestRateBasis" xlink:title="BorrowingsInterestRateBasis" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsInterestRateBasis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsInterestRateBasis" xml:lang="en-US" id="label_BorrowingsInterestRateBasis">Borrowings, interest rate basis</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsInterestRateBasis" xlink:to="label_BorrowingsInterestRateBasis" xlink:title="Label : BorrowingsInterestRateBasis to label_BorrowingsInterestRateBasis" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsInterestRateBasis_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BorrowingsInterestRateBasis_1" xml:lang="en-US" id="label_BorrowingsInterestRateBasis_1">Borrowings, interest rate basis</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsInterestRateBasis" xlink:to="label_BorrowingsInterestRateBasis_1" xlink:title="Label : BorrowingsInterestRateBasis to label_BorrowingsInterestRateBasis_1" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsInterestRateBasis_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_BorrowingsInterestRateBasis_2" xml:lang="en-US" id="label_BorrowingsInterestRateBasis_2">Original remuneration</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsInterestRateBasis" xlink:to="label_BorrowingsInterestRateBasis_2" xlink:title="Label : BorrowingsInterestRateBasis to label_BorrowingsInterestRateBasis_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClosingForeignExchangeRate" xlink:label="ClosingForeignExchangeRate" xlink:title="ClosingForeignExchangeRate" />
    <link:label xlink:type="resource" xlink:label="label_ClosingForeignExchangeRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ClosingForeignExchangeRate" xml:lang="en-US" id="label_ClosingForeignExchangeRate">Closing foreign exchange rate (R$ / Per_USD)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClosingForeignExchangeRate" xlink:to="label_ClosingForeignExchangeRate" xlink:title="Label : ClosingForeignExchangeRate to label_ClosingForeignExchangeRate" />
    <link:label xlink:type="resource" xlink:label="label_ClosingForeignExchangeRate_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClosingForeignExchangeRate_1" xml:lang="en-US" id="label_ClosingForeignExchangeRate_1">Closing foreign exchange rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClosingForeignExchangeRate" xlink:to="label_ClosingForeignExchangeRate_1" xlink:title="Label : ClosingForeignExchangeRate to label_ClosingForeignExchangeRate_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:label="ProportionOfOwnershipInterestInSubsidiary" xlink:title="ProportionOfOwnershipInterestInSubsidiary" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfOwnershipInterestInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProportionOfOwnershipInterestInSubsidiary" xml:lang="en-US" id="label_ProportionOfOwnershipInterestInSubsidiary">Proportion of ownership interest in subsidiary (as a percent)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfOwnershipInterestInSubsidiary" xlink:to="label_ProportionOfOwnershipInterestInSubsidiary" xlink:title="Label : ProportionOfOwnershipInterestInSubsidiary to label_ProportionOfOwnershipInterestInSubsidiary" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfOwnershipInterestInSubsidiary_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProportionOfOwnershipInterestInSubsidiary_1" xml:lang="en-US" id="label_ProportionOfOwnershipInterestInSubsidiary_1">Proportion of ownership interest in subsidiary</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfOwnershipInterestInSubsidiary" xlink:to="label_ProportionOfOwnershipInterestInSubsidiary_1" xlink:title="Label : ProportionOfOwnershipInterestInSubsidiary to label_ProportionOfOwnershipInterestInSubsidiary_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DescriptionOfFinalPaymentDueDate" xlink:label="DescriptionOfFinalPaymentDueDate" xlink:title="DescriptionOfFinalPaymentDueDate" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfFinalPaymentDueDate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DescriptionOfFinalPaymentDueDate" xml:lang="en-US" id="label_DescriptionOfFinalPaymentDueDate">The description of final payment due date in disposal group transaction.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfFinalPaymentDueDate" xlink:to="label_DescriptionOfFinalPaymentDueDate" xlink:title="Label : DescriptionOfFinalPaymentDueDate to label_DescriptionOfFinalPaymentDueDate" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfFinalPaymentDueDate_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfFinalPaymentDueDate_1" xml:lang="en-US" id="label_DescriptionOfFinalPaymentDueDate_1">Final payment due date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfFinalPaymentDueDate" xlink:to="label_DescriptionOfFinalPaymentDueDate_1" xlink:title="Label : DescriptionOfFinalPaymentDueDate to label_DescriptionOfFinalPaymentDueDate_1" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfFinalPaymentDueDate_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfFinalPaymentDueDate_2" xml:lang="en-US" id="label_DescriptionOfFinalPaymentDueDate_2">Description of Final Payment Due Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfFinalPaymentDueDate" xlink:to="label_DescriptionOfFinalPaymentDueDate_2" xlink:title="Label : DescriptionOfFinalPaymentDueDate to label_DescriptionOfFinalPaymentDueDate_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FinalPaymentToBeReceivedInDisposalGroupTransaction" xlink:label="FinalPaymentToBeReceivedInDisposalGroupTransaction" xlink:title="FinalPaymentToBeReceivedInDisposalGroupTransaction" />
    <link:label xlink:type="resource" xlink:label="label_FinalPaymentToBeReceivedInDisposalGroupTransaction" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinalPaymentToBeReceivedInDisposalGroupTransaction" xml:lang="en-US" id="label_FinalPaymentToBeReceivedInDisposalGroupTransaction">Final payment to be received in disposal group transaction</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinalPaymentToBeReceivedInDisposalGroupTransaction" xlink:to="label_FinalPaymentToBeReceivedInDisposalGroupTransaction" xlink:title="Label : FinalPaymentToBeReceivedInDisposalGroupTransaction to label_FinalPaymentToBeReceivedInDisposalGroupTransaction" />
    <link:label xlink:type="resource" xlink:label="label_FinalPaymentToBeReceivedInDisposalGroupTransaction_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FinalPaymentToBeReceivedInDisposalGroupTransaction_1" xml:lang="en-US" id="label_FinalPaymentToBeReceivedInDisposalGroupTransaction_1">The amount to be received as final payment in disposal group transaction.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinalPaymentToBeReceivedInDisposalGroupTransaction" xlink:to="label_FinalPaymentToBeReceivedInDisposalGroupTransaction_1" xlink:title="Label : FinalPaymentToBeReceivedInDisposalGroupTransaction to label_FinalPaymentToBeReceivedInDisposalGroupTransaction_1" />
    <link:label xlink:type="resource" xlink:label="label_FinalPaymentToBeReceivedInDisposalGroupTransaction_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinalPaymentToBeReceivedInDisposalGroupTransaction_2" xml:lang="en-US" id="label_FinalPaymentToBeReceivedInDisposalGroupTransaction_2">Final payment to be received in disposal group transaction</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinalPaymentToBeReceivedInDisposalGroupTransaction" xlink:to="label_FinalPaymentToBeReceivedInDisposalGroupTransaction_2" xlink:title="Label : FinalPaymentToBeReceivedInDisposalGroupTransaction to label_FinalPaymentToBeReceivedInDisposalGroupTransaction_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfRemainingInstallments" xlink:label="NumberOfRemainingInstallments" xlink:title="NumberOfRemainingInstallments" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfRemainingInstallments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfRemainingInstallments" xml:lang="en-US" id="label_NumberOfRemainingInstallments">Number of remaining installments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfRemainingInstallments" xlink:to="label_NumberOfRemainingInstallments" xlink:title="Label : NumberOfRemainingInstallments to label_NumberOfRemainingInstallments" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfRemainingInstallments_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfRemainingInstallments_1" xml:lang="en-US" id="label_NumberOfRemainingInstallments_1">The number of remaining installments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfRemainingInstallments" xlink:to="label_NumberOfRemainingInstallments_1" xlink:title="Label : NumberOfRemainingInstallments to label_NumberOfRemainingInstallments_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfRemainingInstallments_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfRemainingInstallments_2" xml:lang="en-US" id="label_NumberOfRemainingInstallments_2">Number of remaining installments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfRemainingInstallments" xlink:to="label_NumberOfRemainingInstallments_2" xlink:title="Label : NumberOfRemainingInstallments to label_NumberOfRemainingInstallments_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InitialPaymentMadeInDisposalGroupTransaction" xlink:label="InitialPaymentMadeInDisposalGroupTransaction" xlink:title="InitialPaymentMadeInDisposalGroupTransaction" />
    <link:label xlink:type="resource" xlink:label="label_InitialPaymentMadeInDisposalGroupTransaction" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InitialPaymentMadeInDisposalGroupTransaction" xml:lang="en-US" id="label_InitialPaymentMadeInDisposalGroupTransaction">The amount of initial payment made in disposal group transaction.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InitialPaymentMadeInDisposalGroupTransaction" xlink:to="label_InitialPaymentMadeInDisposalGroupTransaction" xlink:title="Label : InitialPaymentMadeInDisposalGroupTransaction to label_InitialPaymentMadeInDisposalGroupTransaction" />
    <link:label xlink:type="resource" xlink:label="label_InitialPaymentMadeInDisposalGroupTransaction_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InitialPaymentMadeInDisposalGroupTransaction_1" xml:lang="en-US" id="label_InitialPaymentMadeInDisposalGroupTransaction_1">Initial payment made in disposal group transaction</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InitialPaymentMadeInDisposalGroupTransaction" xlink:to="label_InitialPaymentMadeInDisposalGroupTransaction_1" xlink:title="Label : InitialPaymentMadeInDisposalGroupTransaction to label_InitialPaymentMadeInDisposalGroupTransaction_1" />
    <link:label xlink:type="resource" xlink:label="label_InitialPaymentMadeInDisposalGroupTransaction_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InitialPaymentMadeInDisposalGroupTransaction_2" xml:lang="en-US" id="label_InitialPaymentMadeInDisposalGroupTransaction_2">Initial Payment Made in Disposal Group Transaction</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InitialPaymentMadeInDisposalGroupTransaction" xlink:to="label_InitialPaymentMadeInDisposalGroupTransaction_2" xlink:title="Label : InitialPaymentMadeInDisposalGroupTransaction to label_InitialPaymentMadeInDisposalGroupTransaction_2" />
    <link:label xlink:type="resource" xlink:label="label_ChangesInWorkingCapitalAndNetDebtPositionInDisposalGroupTransaction_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ChangesInWorkingCapitalAndNetDebtPositionInDisposalGroupTransaction_4" xml:lang="en-US" id="label_ChangesInWorkingCapitalAndNetDebtPositionInDisposalGroupTransaction_4">Working capital and net debt adjustments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangesInWorkingCapitalAndNetDebtPositionInDisposalGroupTransaction" xlink:to="label_ChangesInWorkingCapitalAndNetDebtPositionInDisposalGroupTransaction_4" xlink:title="Label : ChangesInWorkingCapitalAndNetDebtPositionInDisposalGroupTransaction to label_ChangesInWorkingCapitalAndNetDebtPositionInDisposalGroupTransaction_4" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AmountToBePaidAtClosingDateInDisposalGroupTransaction" xlink:label="AmountToBePaidAtClosingDateInDisposalGroupTransaction" xlink:title="AmountToBePaidAtClosingDateInDisposalGroupTransaction" />
    <link:label xlink:type="resource" xlink:label="label_AmountToBePaidAtClosingDateInDisposalGroupTransaction" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmountToBePaidAtClosingDateInDisposalGroupTransaction" xml:lang="en-US" id="label_AmountToBePaidAtClosingDateInDisposalGroupTransaction">Amount to be paid at closing date in disposal group transaction</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountToBePaidAtClosingDateInDisposalGroupTransaction" xlink:to="label_AmountToBePaidAtClosingDateInDisposalGroupTransaction" xlink:title="Label : AmountToBePaidAtClosingDateInDisposalGroupTransaction to label_AmountToBePaidAtClosingDateInDisposalGroupTransaction" />
    <link:label xlink:type="resource" xlink:label="label_AmountToBePaidAtClosingDateInDisposalGroupTransaction_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AmountToBePaidAtClosingDateInDisposalGroupTransaction_1" xml:lang="en-US" id="label_AmountToBePaidAtClosingDateInDisposalGroupTransaction_1">The amount to be paid at closing date in disposal group transaction.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountToBePaidAtClosingDateInDisposalGroupTransaction" xlink:to="label_AmountToBePaidAtClosingDateInDisposalGroupTransaction_1" xlink:title="Label : AmountToBePaidAtClosingDateInDisposalGroupTransaction to label_AmountToBePaidAtClosingDateInDisposalGroupTransaction_1" />
    <link:label xlink:type="resource" xlink:label="label_AmountToBePaidAtClosingDateInDisposalGroupTransaction_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmountToBePaidAtClosingDateInDisposalGroupTransaction_2" xml:lang="en-US" id="label_AmountToBePaidAtClosingDateInDisposalGroupTransaction_2">Amount to be paid at closing date in disposal group transaction</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountToBePaidAtClosingDateInDisposalGroupTransaction" xlink:to="label_AmountToBePaidAtClosingDateInDisposalGroupTransaction_2" xlink:title="Label : AmountToBePaidAtClosingDateInDisposalGroupTransaction to label_AmountToBePaidAtClosingDateInDisposalGroupTransaction_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AggregateSalePriceOfSubsidiary" xlink:label="AggregateSalePriceOfSubsidiary" xlink:title="AggregateSalePriceOfSubsidiary" />
    <link:label xlink:type="resource" xlink:label="label_AggregateSalePriceOfSubsidiary" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AggregateSalePriceOfSubsidiary" xml:lang="en-US" id="label_AggregateSalePriceOfSubsidiary">Total value of purchase and sale agreement of subsidiary</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AggregateSalePriceOfSubsidiary" xlink:to="label_AggregateSalePriceOfSubsidiary" xlink:title="Label : AggregateSalePriceOfSubsidiary to label_AggregateSalePriceOfSubsidiary" />
    <link:label xlink:type="resource" xlink:label="label_AggregateSalePriceOfSubsidiary_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AggregateSalePriceOfSubsidiary_1" xml:lang="en-US" id="label_AggregateSalePriceOfSubsidiary_1">Aggregate sale price of subsidiary</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AggregateSalePriceOfSubsidiary" xlink:to="label_AggregateSalePriceOfSubsidiary_1" xlink:title="Label : AggregateSalePriceOfSubsidiary to label_AggregateSalePriceOfSubsidiary_1" />
    <link:label xlink:type="resource" xlink:label="label_AggregateSalePriceOfSubsidiary_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AggregateSalePriceOfSubsidiary_2" xml:lang="en-US" id="label_AggregateSalePriceOfSubsidiary_2">The amount of aggregate sale price of subsidiary.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AggregateSalePriceOfSubsidiary" xlink:to="label_AggregateSalePriceOfSubsidiary_2" xlink:title="Label : AggregateSalePriceOfSubsidiary to label_AggregateSalePriceOfSubsidiary_2" />
    <link:label xlink:type="resource" xlink:label="label_AggregateSalePriceOfSubsidiary_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AggregateSalePriceOfSubsidiary_3" xml:lang="en-US" id="label_AggregateSalePriceOfSubsidiary_3">Aggregate sale price of subsidiary</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AggregateSalePriceOfSubsidiary" xlink:to="label_AggregateSalePriceOfSubsidiary_3" xlink:title="Label : AggregateSalePriceOfSubsidiary to label_AggregateSalePriceOfSubsidiary_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DecreasePercentageOfSales" xlink:label="DecreasePercentageOfSales" xlink:title="DecreasePercentageOfSales" />
    <link:label xlink:type="resource" xlink:label="label_DecreasePercentageOfSales" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DecreasePercentageOfSales" xml:lang="en-US" id="label_DecreasePercentageOfSales">Decrease percentage of sales</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreasePercentageOfSales" xlink:to="label_DecreasePercentageOfSales" xlink:title="Label : DecreasePercentageOfSales to label_DecreasePercentageOfSales" />
    <link:label xlink:type="resource" xlink:label="label_DecreasePercentageOfSales_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DecreasePercentageOfSales_1" xml:lang="en-US" id="label_DecreasePercentageOfSales_1">The percentage of the entity's sales decreased in comparative period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreasePercentageOfSales" xlink:to="label_DecreasePercentageOfSales_1" xlink:title="Label : DecreasePercentageOfSales to label_DecreasePercentageOfSales_1" />
    <link:label xlink:type="resource" xlink:label="label_DecreasePercentageOfSales_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DecreasePercentageOfSales_2" xml:lang="en-US" id="label_DecreasePercentageOfSales_2">Decrease Percentage of Sales</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreasePercentageOfSales" xlink:to="label_DecreasePercentageOfSales_2" xlink:title="Label : DecreasePercentageOfSales to label_DecreasePercentageOfSales_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncreasePercentageOfSalesVolume" xlink:label="IncreasePercentageOfSalesVolume" xlink:title="IncreasePercentageOfSalesVolume" />
    <link:label xlink:type="resource" xlink:label="label_IncreasePercentageOfSalesVolume" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreasePercentageOfSalesVolume" xml:lang="en-US" id="label_IncreasePercentageOfSalesVolume">The percentage of the entity's sales volume increased in comparative period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreasePercentageOfSalesVolume" xlink:to="label_IncreasePercentageOfSalesVolume" xlink:title="Label : IncreasePercentageOfSalesVolume to label_IncreasePercentageOfSalesVolume" />
    <link:label xlink:type="resource" xlink:label="label_IncreasePercentageOfSalesVolume_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreasePercentageOfSalesVolume_1" xml:lang="en-US" id="label_IncreasePercentageOfSalesVolume_1">Increase percentage of sales volume</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreasePercentageOfSalesVolume" xlink:to="label_IncreasePercentageOfSalesVolume_1" xlink:title="Label : IncreasePercentageOfSalesVolume to label_IncreasePercentageOfSalesVolume_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreasePercentageOfSalesVolume_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreasePercentageOfSalesVolume_2" xml:lang="en-US" id="label_IncreasePercentageOfSalesVolume_2">Increase percentage of sales volume</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreasePercentageOfSalesVolume" xlink:to="label_IncreasePercentageOfSalesVolume_2" xlink:title="Label : IncreasePercentageOfSalesVolume to label_IncreasePercentageOfSalesVolume_2" />
    <link:label xlink:type="resource" xlink:label="label_DecreasePercentageOfGeneralAdministrativeAndSalesExpenses_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DecreasePercentageOfGeneralAdministrativeAndSalesExpenses_1" xml:lang="en-US" id="label_DecreasePercentageOfGeneralAdministrativeAndSalesExpenses_1">Decrease percentage of general, administrative and sales expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreasePercentageOfGeneralAdministrativeAndSalesExpenses" xlink:to="label_DecreasePercentageOfGeneralAdministrativeAndSalesExpenses_1" xlink:title="Label : DecreasePercentageOfGeneralAdministrativeAndSalesExpenses to label_DecreasePercentageOfGeneralAdministrativeAndSalesExpenses_1" />
    <link:label xlink:type="resource" xlink:label="label_DecreasePercentageOfGeneralAdministrativeAndSalesExpenses_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DecreasePercentageOfGeneralAdministrativeAndSalesExpenses_2" xml:lang="en-US" id="label_DecreasePercentageOfGeneralAdministrativeAndSalesExpenses_2">Decrease percentage of general, administrative and sales expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreasePercentageOfGeneralAdministrativeAndSalesExpenses" xlink:to="label_DecreasePercentageOfGeneralAdministrativeAndSalesExpenses_2" xlink:title="Label : DecreasePercentageOfGeneralAdministrativeAndSalesExpenses to label_DecreasePercentageOfGeneralAdministrativeAndSalesExpenses_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DecreasePercentageOfSalesVolume" xlink:label="DecreasePercentageOfSalesVolume" xlink:title="DecreasePercentageOfSalesVolume" />
    <link:label xlink:type="resource" xlink:label="label_DecreasePercentageOfSalesVolume" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DecreasePercentageOfSalesVolume" xml:lang="en-US" id="label_DecreasePercentageOfSalesVolume">The percentage of the entity's sales volume decreased in comparative period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreasePercentageOfSalesVolume" xlink:to="label_DecreasePercentageOfSalesVolume" xlink:title="Label : DecreasePercentageOfSalesVolume to label_DecreasePercentageOfSalesVolume" />
    <link:label xlink:type="resource" xlink:label="label_DecreasePercentageOfSalesVolume_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DecreasePercentageOfSalesVolume_1" xml:lang="en-US" id="label_DecreasePercentageOfSalesVolume_1">Decrease percentage of sales volume</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreasePercentageOfSalesVolume" xlink:to="label_DecreasePercentageOfSalesVolume_1" xlink:title="Label : DecreasePercentageOfSalesVolume to label_DecreasePercentageOfSalesVolume_1" />
    <link:label xlink:type="resource" xlink:label="label_DecreasePercentageOfSalesVolume_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DecreasePercentageOfSalesVolume_2" xml:lang="en-US" id="label_DecreasePercentageOfSalesVolume_2">Decrease Percentage of Sales Volume</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreasePercentageOfSalesVolume" xlink:to="label_DecreasePercentageOfSalesVolume_2" xlink:title="Label : DecreasePercentageOfSalesVolume to label_DecreasePercentageOfSalesVolume_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfPortTerminals" xlink:label="NumberOfPortTerminals" xlink:title="NumberOfPortTerminals" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfPortTerminals" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfPortTerminals" xml:lang="en-US" id="label_NumberOfPortTerminals">Number of Port Terminals</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfPortTerminals" xlink:to="label_NumberOfPortTerminals" xlink:title="Label : NumberOfPortTerminals to label_NumberOfPortTerminals" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfPortTerminals_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfPortTerminals_1" xml:lang="en-US" id="label_NumberOfPortTerminals_1">Number of port terminals</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfPortTerminals" xlink:to="label_NumberOfPortTerminals_1" xlink:title="Label : NumberOfPortTerminals to label_NumberOfPortTerminals_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfPortTerminals_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfPortTerminals_2" xml:lang="en-US" id="label_NumberOfPortTerminals_2">The number of port terminals.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfPortTerminals" xlink:to="label_NumberOfPortTerminals_2" xlink:title="Label : NumberOfPortTerminals to label_NumberOfPortTerminals_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfBasicBaskets" xlink:label="NumberOfBasicBaskets" xlink:title="NumberOfBasicBaskets" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfBasicBaskets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfBasicBaskets" xml:lang="en-US" id="label_NumberOfBasicBaskets">The number of basic baskets.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfBasicBaskets" xlink:to="label_NumberOfBasicBaskets" xlink:title="Label : NumberOfBasicBaskets to label_NumberOfBasicBaskets" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfBasicBaskets_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfBasicBaskets_1" xml:lang="en-US" id="label_NumberOfBasicBaskets_1">Number of Basic Baskets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfBasicBaskets" xlink:to="label_NumberOfBasicBaskets_1" xlink:title="Label : NumberOfBasicBaskets to label_NumberOfBasicBaskets_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfBasicBaskets_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfBasicBaskets_2" xml:lang="en-US" id="label_NumberOfBasicBaskets_2">Number of basic baskets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfBasicBaskets" xlink:to="label_NumberOfBasicBaskets_2" xlink:title="Label : NumberOfBasicBaskets to label_NumberOfBasicBaskets_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:label="DisclosureOfOperatingSegmentsLineItems" xlink:title="DisclosureOfOperatingSegmentsLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOperatingSegmentsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfOperatingSegmentsLineItems" xml:lang="en-US" id="label_DisclosureOfOperatingSegmentsLineItems">Disclosure of operating segments [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOperatingSegmentsLineItems" xlink:to="label_DisclosureOfOperatingSegmentsLineItems" xlink:title="Label : DisclosureOfOperatingSegmentsLineItems to label_DisclosureOfOperatingSegmentsLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOperatingSegmentsLineItems_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfOperatingSegmentsLineItems_1" xml:lang="en-US" id="label_DisclosureOfOperatingSegmentsLineItems_1">Disclosure of operating segments [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOperatingSegmentsLineItems" xlink:to="label_DisclosureOfOperatingSegmentsLineItems_1" xlink:title="Label : DisclosureOfOperatingSegmentsLineItems to label_DisclosureOfOperatingSegmentsLineItems_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_BrazilianRealPerUSDollarMember" xlink:label="BrazilianRealPerUSDollarMember" xlink:title="BrazilianRealPerUSDollarMember" />
    <link:label xlink:type="resource" xlink:label="label_BrazilianRealPerUSDollarMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BrazilianRealPerUSDollarMember" xml:lang="en-US" id="label_BrazilianRealPerUSDollarMember">Brazilian real per US dollar [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BrazilianRealPerUSDollarMember" xlink:to="label_BrazilianRealPerUSDollarMember" xlink:title="Label : BrazilianRealPerUSDollarMember to label_BrazilianRealPerUSDollarMember" />
    <link:label xlink:type="resource" xlink:label="label_BrazilianRealPerUSDollarMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BrazilianRealPerUSDollarMember_1" xml:lang="en-US" id="label_BrazilianRealPerUSDollarMember_1">Brazilian real per US dollar</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BrazilianRealPerUSDollarMember" xlink:to="label_BrazilianRealPerUSDollarMember_1" xlink:title="Label : BrazilianRealPerUSDollarMember to label_BrazilianRealPerUSDollarMember_1" />
    <link:label xlink:type="resource" xlink:label="label_BrazilianRealPerUSDollarMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BrazilianRealPerUSDollarMember_2" xml:lang="en-US" id="label_BrazilianRealPerUSDollarMember_2">This member stands for the information pertaining to Brazilian real per US dollar.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BrazilianRealPerUSDollarMember" xlink:to="label_BrazilianRealPerUSDollarMember_2" xlink:title="Label : BrazilianRealPerUSDollarMember to label_BrazilianRealPerUSDollarMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_HedgingInstrumentsDomain" xlink:label="HedgingInstrumentsDomain" xlink:title="HedgingInstrumentsDomain" />
    <link:label xlink:type="resource" xlink:label="label_HedgingInstrumentsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HedgingInstrumentsDomain" xml:lang="en-US" id="label_HedgingInstrumentsDomain">Hedging instruments [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HedgingInstrumentsDomain" xlink:to="label_HedgingInstrumentsDomain" xlink:title="Label : HedgingInstrumentsDomain to label_HedgingInstrumentsDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_HedgingInstrumentsAxis" xlink:label="HedgingInstrumentsAxis" xlink:title="HedgingInstrumentsAxis" />
    <link:label xlink:type="resource" xlink:label="label_HedgingInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HedgingInstrumentsAxis" xml:lang="en-US" id="label_HedgingInstrumentsAxis">Hedging instruments [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HedgingInstrumentsAxis" xlink:to="label_HedgingInstrumentsAxis" xlink:title="Label : HedgingInstrumentsAxis to label_HedgingInstrumentsAxis" />
    <link:label xlink:type="resource" xlink:label="label_HedgingInstrumentsAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HedgingInstrumentsAxis_1" xml:lang="en-US" id="label_HedgingInstrumentsAxis_1">Hedging instruments [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HedgingInstrumentsAxis" xlink:to="label_HedgingInstrumentsAxis_1" xlink:title="Label : HedgingInstrumentsAxis to label_HedgingInstrumentsAxis_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ShareholdersMember" xlink:label="ShareholdersMember" xlink:title="ShareholdersMember" />
    <link:label xlink:type="resource" xlink:label="label_ShareholdersMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShareholdersMember" xml:lang="en-US" id="label_ShareholdersMember">Shareholders [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareholdersMember" xlink:to="label_ShareholdersMember" xlink:title="Label : ShareholdersMember to label_ShareholdersMember" />
    <link:label xlink:type="resource" xlink:label="label_ShareholdersMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ShareholdersMember_1" xml:lang="en-US" id="label_ShareholdersMember_1">This member stands for the information pertaining to &#x201C;Shareholders&#x201D;.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareholdersMember" xlink:to="label_ShareholdersMember_1" xlink:title="Label : ShareholdersMember to label_ShareholdersMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ShareholdersMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareholdersMember_2" xml:lang="en-US" id="label_ShareholdersMember_2">Shareholders [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareholdersMember" xlink:to="label_ShareholdersMember_2" xlink:title="Label : ShareholdersMember to label_ShareholdersMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_EmpreendimentosPagueMenosSAMember" xlink:label="EmpreendimentosPagueMenosSAMember" xlink:title="EmpreendimentosPagueMenosSAMember" />
    <link:label xlink:type="resource" xlink:label="label_EmpreendimentosPagueMenosSAMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EmpreendimentosPagueMenosSAMember" xml:lang="en-US" id="label_EmpreendimentosPagueMenosSAMember">This member stands for the information pertaining to Empreendimentos Pague Menos S.A. (&#x201C;Pague Menos&#x201D;).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmpreendimentosPagueMenosSAMember" xlink:to="label_EmpreendimentosPagueMenosSAMember" xlink:title="Label : EmpreendimentosPagueMenosSAMember to label_EmpreendimentosPagueMenosSAMember" />
    <link:label xlink:type="resource" xlink:label="label_EmpreendimentosPagueMenosSAMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EmpreendimentosPagueMenosSAMember_1" xml:lang="en-US" id="label_EmpreendimentosPagueMenosSAMember_1">Empreendimentos Pague Menos S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmpreendimentosPagueMenosSAMember" xlink:to="label_EmpreendimentosPagueMenosSAMember_1" xlink:title="Label : EmpreendimentosPagueMenosSAMember to label_EmpreendimentosPagueMenosSAMember_1" />
    <link:label xlink:type="resource" xlink:label="label_EmpreendimentosPagueMenosSAMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EmpreendimentosPagueMenosSAMember_2" xml:lang="en-US" id="label_EmpreendimentosPagueMenosSAMember_2">Empreendimentos Pague Menos S.A [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmpreendimentosPagueMenosSAMember" xlink:to="label_EmpreendimentosPagueMenosSAMember_2" xlink:title="Label : EmpreendimentosPagueMenosSAMember to label_EmpreendimentosPagueMenosSAMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IndoramaVenturesPlcMember" xlink:label="IndoramaVenturesPlcMember" xlink:title="IndoramaVenturesPlcMember" />
    <link:label xlink:type="resource" xlink:label="label_IndoramaVenturesPlcMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IndoramaVenturesPlcMember" xml:lang="en-US" id="label_IndoramaVenturesPlcMember">Indorama Ventures PLC [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IndoramaVenturesPlcMember" xlink:to="label_IndoramaVenturesPlcMember" xlink:title="Label : IndoramaVenturesPlcMember to label_IndoramaVenturesPlcMember" />
    <link:label xlink:type="resource" xlink:label="label_IndoramaVenturesPlcMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IndoramaVenturesPlcMember_1" xml:lang="en-US" id="label_IndoramaVenturesPlcMember_1">This member stands for the information pertaining to Indorama Ventures PLC (&#x201C;Indorama&#x201D;).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IndoramaVenturesPlcMember" xlink:to="label_IndoramaVenturesPlcMember_1" xlink:title="Label : IndoramaVenturesPlcMember to label_IndoramaVenturesPlcMember_1" />
    <link:label xlink:type="resource" xlink:label="label_IndoramaVenturesPlcMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IndoramaVenturesPlcMember_2" xml:lang="en-US" id="label_IndoramaVenturesPlcMember_2">Indorama Ventures PLC</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IndoramaVenturesPlcMember" xlink:to="label_IndoramaVenturesPlcMember_2" xlink:title="Label : IndoramaVenturesPlcMember to label_IndoramaVenturesPlcMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2024/elts/srt-2024.xsd#srt_RepurchaseAgreementCounterpartyNameDomain" xlink:label="RepurchaseAgreementCounterpartyNameDomain" xlink:title="RepurchaseAgreementCounterpartyNameDomain" />
    <link:label xlink:type="resource" xlink:label="label_RepurchaseAgreementCounterpartyNameDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RepurchaseAgreementCounterpartyNameDomain" xml:lang="en-US" id="label_RepurchaseAgreementCounterpartyNameDomain">Counterparty Name [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepurchaseAgreementCounterpartyNameDomain" xlink:to="label_RepurchaseAgreementCounterpartyNameDomain" xlink:title="Label : RepurchaseAgreementCounterpartyNameDomain to label_RepurchaseAgreementCounterpartyNameDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2024/elts/srt-2024.xsd#srt_CounterpartyNameAxis" xlink:label="CounterpartyNameAxis" xlink:title="CounterpartyNameAxis" />
    <link:label xlink:type="resource" xlink:label="label_CounterpartyNameAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CounterpartyNameAxis" xml:lang="en-US" id="label_CounterpartyNameAxis">Counterparty Name [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CounterpartyNameAxis" xlink:to="label_CounterpartyNameAxis" xlink:title="Label : CounterpartyNameAxis to label_CounterpartyNameAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DiscontinuedOperationsMember" xlink:label="DiscontinuedOperationsMember" xlink:title="DiscontinuedOperationsMember" />
    <link:label xlink:type="resource" xlink:label="label_DiscontinuedOperationsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DiscontinuedOperationsMember" xml:lang="en-US" id="label_DiscontinuedOperationsMember">Discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiscontinuedOperationsMember" xlink:to="label_DiscontinuedOperationsMember" xlink:title="Label : DiscontinuedOperationsMember to label_DiscontinuedOperationsMember" />
    <link:label xlink:type="resource" xlink:label="label_DiscontinuedOperationsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DiscontinuedOperationsMember_1" xml:lang="en-US" id="label_DiscontinuedOperationsMember_1">Discontinued operations [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiscontinuedOperationsMember" xlink:to="label_DiscontinuedOperationsMember_1" xlink:title="Label : DiscontinuedOperationsMember to label_DiscontinuedOperationsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DiscontinuedOperationsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DiscontinuedOperationsMember_2" xml:lang="en-US" id="label_DiscontinuedOperationsMember_2">Total Discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiscontinuedOperationsMember" xlink:to="label_DiscontinuedOperationsMember_2" xlink:title="Label : DiscontinuedOperationsMember to label_DiscontinuedOperationsMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ContinuingOperationsMember" xlink:label="ContinuingOperationsMember" xlink:title="ContinuingOperationsMember" />
    <link:label xlink:type="resource" xlink:label="label_ContinuingOperationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContinuingOperationsMember" xml:lang="en-US" id="label_ContinuingOperationsMember">Continuing operations [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContinuingOperationsMember" xlink:to="label_ContinuingOperationsMember" xlink:title="Label : ContinuingOperationsMember to label_ContinuingOperationsMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ContinuingAndDiscontinuedOperationsAxis" xlink:label="ContinuingAndDiscontinuedOperationsAxis" xlink:title="ContinuingAndDiscontinuedOperationsAxis" />
    <link:label xlink:type="resource" xlink:label="label_ContinuingAndDiscontinuedOperationsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContinuingAndDiscontinuedOperationsAxis" xml:lang="en-US" id="label_ContinuingAndDiscontinuedOperationsAxis">Continuing and discontinued operations [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContinuingAndDiscontinuedOperationsAxis" xlink:to="label_ContinuingAndDiscontinuedOperationsAxis" xlink:title="Label : ContinuingAndDiscontinuedOperationsAxis to label_ContinuingAndDiscontinuedOperationsAxis" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ExtrafarmaMember" xlink:label="ExtrafarmaMember" xlink:title="ExtrafarmaMember" />
    <link:label xlink:type="resource" xlink:label="label_ExtrafarmaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExtrafarmaMember" xml:lang="en-US" id="label_ExtrafarmaMember">Extrafarma [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtrafarmaMember" xlink:to="label_ExtrafarmaMember" xlink:title="Label : ExtrafarmaMember to label_ExtrafarmaMember" />
    <link:label xlink:type="resource" xlink:label="label_ExtrafarmaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExtrafarmaMember_1" xml:lang="en-US" id="label_ExtrafarmaMember_1">Extrafarma [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtrafarmaMember" xlink:to="label_ExtrafarmaMember_1" xlink:title="Label : ExtrafarmaMember to label_ExtrafarmaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ExtrafarmaMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ExtrafarmaMember_2" xml:lang="en-US" id="label_ExtrafarmaMember_2">This member stands for the information pertaining to Extrafarma.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtrafarmaMember" xlink:to="label_ExtrafarmaMember_2" xlink:title="Label : ExtrafarmaMember to label_ExtrafarmaMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:label="DisclosureOfOperatingSegmentsTable" xlink:title="DisclosureOfOperatingSegmentsTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOperatingSegmentsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfOperatingSegmentsTable" xml:lang="en-US" id="label_DisclosureOfOperatingSegmentsTable">Disclosure of operating segments [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOperatingSegmentsTable" xlink:to="label_DisclosureOfOperatingSegmentsTable" xlink:title="Label : DisclosureOfOperatingSegmentsTable to label_DisclosureOfOperatingSegmentsTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOperatingSegmentsTable_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfOperatingSegmentsTable_1" xml:lang="en-US" id="label_DisclosureOfOperatingSegmentsTable_1">Disclosure of operating segments [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOperatingSegmentsTable" xlink:to="label_DisclosureOfOperatingSegmentsTable_1" xlink:title="Label : DisclosureOfOperatingSegmentsTable to label_DisclosureOfOperatingSegmentsTable_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IndirectControlInterestPercentage" xlink:label="IndirectControlInterestPercentage" xlink:title="IndirectControlInterestPercentage" />
    <link:label xlink:type="resource" xlink:label="label_IndirectControlInterestPercentage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IndirectControlInterestPercentage" xml:lang="en-US" id="label_IndirectControlInterestPercentage">Percentage of the Entity's indirect control over the subsidiary.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IndirectControlInterestPercentage" xlink:to="label_IndirectControlInterestPercentage" xlink:title="Label : IndirectControlInterestPercentage to label_IndirectControlInterestPercentage" />
    <link:label xlink:type="resource" xlink:label="label_IndirectControlInterestPercentage_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IndirectControlInterestPercentage_1" xml:lang="en-US" id="label_IndirectControlInterestPercentage_1">Indirect control</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IndirectControlInterestPercentage" xlink:to="label_IndirectControlInterestPercentage_1" xlink:title="Label : IndirectControlInterestPercentage to label_IndirectControlInterestPercentage_1" />
    <link:label xlink:type="resource" xlink:label="label_IndirectControlInterestPercentage_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IndirectControlInterestPercentage_2" xml:lang="en-US" id="label_IndirectControlInterestPercentage_2">Indirect control interest percentage</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IndirectControlInterestPercentage" xlink:to="label_IndirectControlInterestPercentage_2" xlink:title="Label : IndirectControlInterestPercentage to label_IndirectControlInterestPercentage_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DirectControlInterestPercentage" xlink:label="DirectControlInterestPercentage" xlink:title="DirectControlInterestPercentage" />
    <link:label xlink:type="resource" xlink:label="label_DirectControlInterestPercentage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DirectControlInterestPercentage" xml:lang="en-US" id="label_DirectControlInterestPercentage">Percentage of the Entity's direct control over the subsidiary.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DirectControlInterestPercentage" xlink:to="label_DirectControlInterestPercentage" xlink:title="Label : DirectControlInterestPercentage to label_DirectControlInterestPercentage" />
    <link:label xlink:type="resource" xlink:label="label_DirectControlInterestPercentage_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DirectControlInterestPercentage_1" xml:lang="en-US" id="label_DirectControlInterestPercentage_1">Direct control</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DirectControlInterestPercentage" xlink:to="label_DirectControlInterestPercentage_1" xlink:title="Label : DirectControlInterestPercentage to label_DirectControlInterestPercentage_1" />
    <link:label xlink:type="resource" xlink:label="label_DirectControlInterestPercentage_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DirectControlInterestPercentage_2" xml:lang="en-US" id="label_DirectControlInterestPercentage_2">Direct control interest percentage</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DirectControlInterestPercentage" xlink:to="label_DirectControlInterestPercentage_2" xlink:title="Label : DirectControlInterestPercentage to label_DirectControlInterestPercentage_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_BusinessSegment" xlink:label="BusinessSegment" xlink:title="BusinessSegment" />
    <link:label xlink:type="resource" xlink:label="label_BusinessSegment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BusinessSegment" xml:lang="en-US" id="label_BusinessSegment">The name of the segment in wich the subsidiarie is included according to the Entity's consolidation policies.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessSegment" xlink:to="label_BusinessSegment" xlink:title="Label : BusinessSegment to label_BusinessSegment" />
    <link:label xlink:type="resource" xlink:label="label_BusinessSegment_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BusinessSegment_1" xml:lang="en-US" id="label_BusinessSegment_1">Segment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessSegment" xlink:to="label_BusinessSegment_1" xlink:title="Label : BusinessSegment to label_BusinessSegment_1" />
    <link:label xlink:type="resource" xlink:label="label_BusinessSegment_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BusinessSegment_2" xml:lang="en-US" id="label_BusinessSegment_2">Business segment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessSegment" xlink:to="label_BusinessSegment_2" xlink:title="Label : BusinessSegment to label_BusinessSegment_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary" xlink:label="PrincipalPlaceOfBusinessOfSubsidiary" xlink:title="PrincipalPlaceOfBusinessOfSubsidiary" />
    <link:label xlink:type="resource" xlink:label="label_PrincipalPlaceOfBusinessOfSubsidiary" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PrincipalPlaceOfBusinessOfSubsidiary" xml:lang="en-US" id="label_PrincipalPlaceOfBusinessOfSubsidiary">Location</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrincipalPlaceOfBusinessOfSubsidiary" xlink:to="label_PrincipalPlaceOfBusinessOfSubsidiary" xlink:title="Label : PrincipalPlaceOfBusinessOfSubsidiary to label_PrincipalPlaceOfBusinessOfSubsidiary" />
    <link:label xlink:type="resource" xlink:label="label_PrincipalPlaceOfBusinessOfSubsidiary_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PrincipalPlaceOfBusinessOfSubsidiary_1" xml:lang="en-US" id="label_PrincipalPlaceOfBusinessOfSubsidiary_1">Principal place of business of subsidiary</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrincipalPlaceOfBusinessOfSubsidiary" xlink:to="label_PrincipalPlaceOfBusinessOfSubsidiary_1" xlink:title="Label : PrincipalPlaceOfBusinessOfSubsidiary to label_PrincipalPlaceOfBusinessOfSubsidiary_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NameOfSubsidiary" xlink:label="NameOfSubsidiary" xlink:title="NameOfSubsidiary" />
    <link:label xlink:type="resource" xlink:label="label_NameOfSubsidiary" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NameOfSubsidiary" xml:lang="en-US" id="label_NameOfSubsidiary">Subsidiary</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NameOfSubsidiary" xlink:to="label_NameOfSubsidiary" xlink:title="Label : NameOfSubsidiary to label_NameOfSubsidiary" />
    <link:label xlink:type="resource" xlink:label="label_NameOfSubsidiary_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NameOfSubsidiary_1" xml:lang="en-US" id="label_NameOfSubsidiary_1">Name of subsidiary</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NameOfSubsidiary" xlink:to="label_NameOfSubsidiary_1" xlink:title="Label : NameOfSubsidiary to label_NameOfSubsidiary_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems_1" xml:lang="en-US" id="label_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems_1">Disclosure of subsidiaries [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfSignificantInvestmentsInSubsidiariesLineItems" xlink:to="label_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems_1" xlink:title="Label : DisclosureOfSignificantInvestmentsInSubsidiariesLineItems to label_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TequimarVilaDoCondeLogsticaPorturiaSaMember" xlink:label="TequimarVilaDoCondeLogsticaPorturiaSaMember" xlink:title="TequimarVilaDoCondeLogsticaPorturiaSaMember" />
    <link:label xlink:type="resource" xlink:label="label_TequimarVilaDoCondeLogsticaPorturiaSaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TequimarVilaDoCondeLogsticaPorturiaSaMember" xml:lang="en-US" id="label_TequimarVilaDoCondeLogsticaPorturiaSaMember">Tequimar Vila do Conde Logstica Porturia SA [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TequimarVilaDoCondeLogsticaPorturiaSaMember" xlink:to="label_TequimarVilaDoCondeLogsticaPorturiaSaMember" xlink:title="Label : TequimarVilaDoCondeLogsticaPorturiaSaMember to label_TequimarVilaDoCondeLogsticaPorturiaSaMember" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OxitenoShanghaiLtdMember" xlink:label="OxitenoShanghaiLtdMember" xlink:title="OxitenoShanghaiLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoShanghaiLtdMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OxitenoShanghaiLtdMember" xml:lang="en-US" id="label_OxitenoShanghaiLtdMember">Oxiteno Shanghai LTD [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoShanghaiLtdMember" xlink:to="label_OxitenoShanghaiLtdMember" xlink:title="Label : OxitenoShanghaiLtdMember to label_OxitenoShanghaiLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoShanghaiLtdMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OxitenoShanghaiLtdMember_1" xml:lang="en-US" id="label_OxitenoShanghaiLtdMember_1">Oxiteno Shanghai LTD [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoShanghaiLtdMember" xlink:to="label_OxitenoShanghaiLtdMember_1" xlink:title="Label : OxitenoShanghaiLtdMember to label_OxitenoShanghaiLtdMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoShanghaiLtdMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OxitenoShanghaiLtdMember_2" xml:lang="en-US" id="label_OxitenoShanghaiLtdMember_2">This member stands for the information pertaining to Oxiteno Shanghai LTD.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoShanghaiLtdMember" xlink:to="label_OxitenoShanghaiLtdMember_2" xlink:title="Label : OxitenoShanghaiLtdMember to label_OxitenoShanghaiLtdMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OxitenoColombiaSASMember" xlink:label="OxitenoColombiaSASMember" xlink:title="OxitenoColombiaSASMember" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoColombiaSASMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OxitenoColombiaSASMember" xml:lang="en-US" id="label_OxitenoColombiaSASMember">This member stands for the information pertaining to Oxiteno Colombia S A S.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoColombiaSASMember" xlink:to="label_OxitenoColombiaSASMember" xlink:title="Label : OxitenoColombiaSASMember to label_OxitenoColombiaSASMember" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoColombiaSASMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OxitenoColombiaSASMember_1" xml:lang="en-US" id="label_OxitenoColombiaSASMember_1">Oxiteno Colombia S A S [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoColombiaSASMember" xlink:to="label_OxitenoColombiaSASMember_1" xlink:title="Label : OxitenoColombiaSASMember to label_OxitenoColombiaSASMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoColombiaSASMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OxitenoColombiaSASMember_2" xml:lang="en-US" id="label_OxitenoColombiaSASMember_2">Oxiteno Colombia S A S [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoColombiaSASMember" xlink:to="label_OxitenoColombiaSASMember_2" xlink:title="Label : OxitenoColombiaSASMember to label_OxitenoColombiaSASMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OxitenoEuropeSprlMember" xlink:label="OxitenoEuropeSprlMember" xlink:title="OxitenoEuropeSprlMember" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoEuropeSprlMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OxitenoEuropeSprlMember" xml:lang="en-US" id="label_OxitenoEuropeSprlMember">Oxiteno Europe SPRL [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoEuropeSprlMember" xlink:to="label_OxitenoEuropeSprlMember" xlink:title="Label : OxitenoEuropeSprlMember to label_OxitenoEuropeSprlMember" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoEuropeSprlMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OxitenoEuropeSprlMember_1" xml:lang="en-US" id="label_OxitenoEuropeSprlMember_1">Oxiteno Europe SPRL [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoEuropeSprlMember" xlink:to="label_OxitenoEuropeSprlMember_1" xlink:title="Label : OxitenoEuropeSprlMember to label_OxitenoEuropeSprlMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoEuropeSprlMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OxitenoEuropeSprlMember_2" xml:lang="en-US" id="label_OxitenoEuropeSprlMember_2">This member stands for the information pertaining to Oxiteno Europe SPRL.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoEuropeSprlMember" xlink:to="label_OxitenoEuropeSprlMember_2" xlink:title="Label : OxitenoEuropeSprlMember to label_OxitenoEuropeSprlMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OxitenoUSALLCMember" xlink:label="OxitenoUSALLCMember" xlink:title="OxitenoUSALLCMember" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoUSALLCMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OxitenoUSALLCMember" xml:lang="en-US" id="label_OxitenoUSALLCMember">This member stands for the information pertaining to Oxiteno USA LLC.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoUSALLCMember" xlink:to="label_OxitenoUSALLCMember" xlink:title="Label : OxitenoUSALLCMember to label_OxitenoUSALLCMember" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoUSALLCMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OxitenoUSALLCMember_1" xml:lang="en-US" id="label_OxitenoUSALLCMember_1">Oxiteno USA LLC [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoUSALLCMember" xlink:to="label_OxitenoUSALLCMember_1" xlink:title="Label : OxitenoUSALLCMember to label_OxitenoUSALLCMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoUSALLCMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OxitenoUSALLCMember_2" xml:lang="en-US" id="label_OxitenoUSALLCMember_2">Oxiteno U S A L L C [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoUSALLCMember" xlink:to="label_OxitenoUSALLCMember_2" xlink:title="Label : OxitenoUSALLCMember to label_OxitenoUSALLCMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OxitenoServiciosIndustrialsDeCVMember" xlink:label="OxitenoServiciosIndustrialsDeCVMember" xlink:title="OxitenoServiciosIndustrialsDeCVMember" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoServiciosIndustrialsDeCVMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OxitenoServiciosIndustrialsDeCVMember" xml:lang="en-US" id="label_OxitenoServiciosIndustrialsDeCVMember">Oxiteno Servicios Industrials De C V [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoServiciosIndustrialsDeCVMember" xlink:to="label_OxitenoServiciosIndustrialsDeCVMember" xlink:title="Label : OxitenoServiciosIndustrialsDeCVMember to label_OxitenoServiciosIndustrialsDeCVMember" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoServiciosIndustrialsDeCVMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OxitenoServiciosIndustrialsDeCVMember_1" xml:lang="en-US" id="label_OxitenoServiciosIndustrialsDeCVMember_1">Oxiteno Servicios Industriales S.A. de C.V. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoServiciosIndustrialsDeCVMember" xlink:to="label_OxitenoServiciosIndustrialsDeCVMember_1" xlink:title="Label : OxitenoServiciosIndustrialsDeCVMember to label_OxitenoServiciosIndustrialsDeCVMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoServiciosIndustrialsDeCVMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OxitenoServiciosIndustrialsDeCVMember_2" xml:lang="en-US" id="label_OxitenoServiciosIndustrialsDeCVMember_2">This member stands for the information pertaining to Oxiteno Servicios Industriales de C.V.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoServiciosIndustrialsDeCVMember" xlink:to="label_OxitenoServiciosIndustrialsDeCVMember_2" xlink:title="Label : OxitenoServiciosIndustrialsDeCVMember to label_OxitenoServiciosIndustrialsDeCVMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OxitenoServiciosCorporativosSADeCVMember" xlink:label="OxitenoServiciosCorporativosSADeCVMember" xlink:title="OxitenoServiciosCorporativosSADeCVMember" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoServiciosCorporativosSADeCVMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OxitenoServiciosCorporativosSADeCVMember" xml:lang="en-US" id="label_OxitenoServiciosCorporativosSADeCVMember">This member stands for the information pertaining to Oxiteno Servicios Corporativos S.A. de C.V.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoServiciosCorporativosSADeCVMember" xlink:to="label_OxitenoServiciosCorporativosSADeCVMember" xlink:title="Label : OxitenoServiciosCorporativosSADeCVMember to label_OxitenoServiciosCorporativosSADeCVMember" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoServiciosCorporativosSADeCVMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OxitenoServiciosCorporativosSADeCVMember_1" xml:lang="en-US" id="label_OxitenoServiciosCorporativosSADeCVMember_1">Oxiteno Servicios Corporativos SA de CV [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoServiciosCorporativosSADeCVMember" xlink:to="label_OxitenoServiciosCorporativosSADeCVMember_1" xlink:title="Label : OxitenoServiciosCorporativosSADeCVMember to label_OxitenoServiciosCorporativosSADeCVMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoServiciosCorporativosSADeCVMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OxitenoServiciosCorporativosSADeCVMember_2" xml:lang="en-US" id="label_OxitenoServiciosCorporativosSADeCVMember_2">Oxiteno Servicios Corporativos S A De C V [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoServiciosCorporativosSADeCVMember" xlink:to="label_OxitenoServiciosCorporativosSADeCVMember_2" xlink:title="Label : OxitenoServiciosCorporativosSADeCVMember to label_OxitenoServiciosCorporativosSADeCVMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OxitenoMexicoSADeCVMember" xlink:label="OxitenoMexicoSADeCVMember" xlink:title="OxitenoMexicoSADeCVMember" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoMexicoSADeCVMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OxitenoMexicoSADeCVMember" xml:lang="en-US" id="label_OxitenoMexicoSADeCVMember">Oxiteno Mexico S A De C V [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoMexicoSADeCVMember" xlink:to="label_OxitenoMexicoSADeCVMember" xlink:title="Label : OxitenoMexicoSADeCVMember to label_OxitenoMexicoSADeCVMember" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoMexicoSADeCVMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OxitenoMexicoSADeCVMember_1" xml:lang="en-US" id="label_OxitenoMexicoSADeCVMember_1">Oxiteno M&#xE9;xico S.A de C.V [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoMexicoSADeCVMember" xlink:to="label_OxitenoMexicoSADeCVMember_1" xlink:title="Label : OxitenoMexicoSADeCVMember to label_OxitenoMexicoSADeCVMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoMexicoSADeCVMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OxitenoMexicoSADeCVMember_2" xml:lang="en-US" id="label_OxitenoMexicoSADeCVMember_2">This member stands for the information pertaining to Oxiteno M&#xE9;xico S.A. de C.V.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoMexicoSADeCVMember" xlink:to="label_OxitenoMexicoSADeCVMember_2" xlink:title="Label : OxitenoMexicoSADeCVMember to label_OxitenoMexicoSADeCVMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OxitenoUruguaySAMember" xlink:label="OxitenoUruguaySAMember" xlink:title="OxitenoUruguaySAMember" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoUruguaySAMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OxitenoUruguaySAMember" xml:lang="en-US" id="label_OxitenoUruguaySAMember">This member stands for the information pertaining to Oxiteno Uruguay S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoUruguaySAMember" xlink:to="label_OxitenoUruguaySAMember" xlink:title="Label : OxitenoUruguaySAMember to label_OxitenoUruguaySAMember" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoUruguaySAMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OxitenoUruguaySAMember_1" xml:lang="en-US" id="label_OxitenoUruguaySAMember_1">Oxiteno Uruguay SA [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoUruguaySAMember" xlink:to="label_OxitenoUruguaySAMember_1" xlink:title="Label : OxitenoUruguaySAMember to label_OxitenoUruguaySAMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoUruguaySAMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OxitenoUruguaySAMember_2" xml:lang="en-US" id="label_OxitenoUruguaySAMember_2">Oxiteno Uruguay S A [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoUruguaySAMember" xlink:to="label_OxitenoUruguaySAMember_2" xlink:title="Label : OxitenoUruguaySAMember to label_OxitenoUruguaySAMember_2" />
    <link:label xlink:type="resource" xlink:label="label_OleoqumicaIndustriaeComrcioDeProdutosQumicosLtdaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OleoqumicaIndustriaeComrcioDeProdutosQumicosLtdaMember_1" xml:lang="en-US" id="label_OleoqumicaIndustriaeComrcioDeProdutosQumicosLtdaMember_1">Oleoqu&#xED;mica Industriae Com&#xE9;rcio De Produtos Qu&#xED;micos Ltda [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OleoqumicaIndustriaeComrcioDeProdutosQumicosLtdaMember" xlink:to="label_OleoqumicaIndustriaeComrcioDeProdutosQumicosLtdaMember_1" xlink:title="Label : OleoqumicaIndustriaeComrcioDeProdutosQumicosLtdaMember to label_OleoqumicaIndustriaeComrcioDeProdutosQumicosLtdaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OleoqumicaIndustriaeComrcioDeProdutosQumicosLtdaMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OleoqumicaIndustriaeComrcioDeProdutosQumicosLtdaMember_2" xml:lang="en-US" id="label_OleoqumicaIndustriaeComrcioDeProdutosQumicosLtdaMember_2">Oleoqumica Industriae Comrcio De Produtos Qumicos Ltda [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OleoqumicaIndustriaeComrcioDeProdutosQumicosLtdaMember" xlink:to="label_OleoqumicaIndustriaeComrcioDeProdutosQumicosLtdaMember_2" xlink:title="Label : OleoqumicaIndustriaeComrcioDeProdutosQumicosLtdaMember to label_OleoqumicaIndustriaeComrcioDeProdutosQumicosLtdaMember_2" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoArgentinaSociedadDeResponsabilidadLtdaMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OxitenoArgentinaSociedadDeResponsabilidadLtdaMember_1" xml:lang="en-US" id="label_OxitenoArgentinaSociedadDeResponsabilidadLtdaMember_1">Oxiteno Argentina Sociedad de Responsabilidad Ltda [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoArgentinaSociedadDeResponsabilidadLtdaMember" xlink:to="label_OxitenoArgentinaSociedadDeResponsabilidadLtdaMember_1" xlink:title="Label : OxitenoArgentinaSociedadDeResponsabilidadLtdaMember to label_OxitenoArgentinaSociedadDeResponsabilidadLtdaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoArgentinaSociedadDeResponsabilidadLtdaMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OxitenoArgentinaSociedadDeResponsabilidadLtdaMember_2" xml:lang="en-US" id="label_OxitenoArgentinaSociedadDeResponsabilidadLtdaMember_2">Oxiteno Argentina Sociedad de Responsabilidad Ltda [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoArgentinaSociedadDeResponsabilidadLtdaMember" xlink:to="label_OxitenoArgentinaSociedadDeResponsabilidadLtdaMember_2" xlink:title="Label : OxitenoArgentinaSociedadDeResponsabilidadLtdaMember to label_OxitenoArgentinaSociedadDeResponsabilidadLtdaMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OxitenoIndustriaComercioMember" xlink:label="OxitenoIndustriaComercioMember" xlink:title="OxitenoIndustriaComercioMember" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoIndustriaComercioMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OxitenoIndustriaComercioMember" xml:lang="en-US" id="label_OxitenoIndustriaComercioMember">Oxiteno Industria Comercio [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoIndustriaComercioMember" xlink:to="label_OxitenoIndustriaComercioMember" xlink:title="Label : OxitenoIndustriaComercioMember to label_OxitenoIndustriaComercioMember" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoIndustriaComercioMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OxitenoIndustriaComercioMember_1" xml:lang="en-US" id="label_OxitenoIndustriaComercioMember_1">Oxiteno S. A. Industria e Comercio [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoIndustriaComercioMember" xlink:to="label_OxitenoIndustriaComercioMember_1" xlink:title="Label : OxitenoIndustriaComercioMember to label_OxitenoIndustriaComercioMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OxitenoIndustriaComercioMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OxitenoIndustriaComercioMember_2" xml:lang="en-US" id="label_OxitenoIndustriaComercioMember_2">This member stands for the information pertaining to Oxiteno S A Industria e Comercio.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OxitenoIndustriaComercioMember" xlink:to="label_OxitenoIndustriaComercioMember_2" xlink:title="Label : OxitenoIndustriaComercioMember to label_OxitenoIndustriaComercioMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SerraDieselMember" xlink:label="SerraDieselMember" xlink:title="SerraDieselMember" />
    <link:label xlink:type="resource" xlink:label="label_SerraDieselMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SerraDieselMember" xml:lang="en-US" id="label_SerraDieselMember">Represents Serra Diesel.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SerraDieselMember" xlink:to="label_SerraDieselMember" xlink:title="Label : SerraDieselMember to label_SerraDieselMember" />
    <link:label xlink:type="resource" xlink:label="label_SerraDieselMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SerraDieselMember_1" xml:lang="en-US" id="label_SerraDieselMember_1">Serra Diesel [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SerraDieselMember" xlink:to="label_SerraDieselMember_1" xlink:title="Label : SerraDieselMember to label_SerraDieselMember_1" />
    <link:label xlink:type="resource" xlink:label="label_SerraDieselMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SerraDieselMember_2" xml:lang="en-US" id="label_SerraDieselMember_2">Serra Diesel</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SerraDieselMember" xlink:to="label_SerraDieselMember_2" xlink:title="Label : SerraDieselMember to label_SerraDieselMember_2" />
    <link:label xlink:type="resource" xlink:label="label_SerraDieselMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_SerraDieselMember_3" xml:lang="en-US" id="label_SerraDieselMember_3">Serra Diesel Transportador Revendedor Retalhista Ltda.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SerraDieselMember" xlink:to="label_SerraDieselMember_3" xlink:title="Label : SerraDieselMember to label_SerraDieselMember_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_UltraparMobilidadeLtdaMember" xlink:label="UltraparMobilidadeLtdaMember" xlink:title="UltraparMobilidadeLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_UltraparMobilidadeLtdaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UltraparMobilidadeLtdaMember" xml:lang="en-US" id="label_UltraparMobilidadeLtdaMember">Represents Ultrapar&#xA0;Mobilidade&#xA0;Ltda.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltraparMobilidadeLtdaMember" xlink:to="label_UltraparMobilidadeLtdaMember" xlink:title="Label : UltraparMobilidadeLtdaMember to label_UltraparMobilidadeLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_UltraparMobilidadeLtdaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UltraparMobilidadeLtdaMember_1" xml:lang="en-US" id="label_UltraparMobilidadeLtdaMember_1">Ultrapar&#xA0;Mobilidade&#xA0;Ltda.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltraparMobilidadeLtdaMember" xlink:to="label_UltraparMobilidadeLtdaMember_1" xlink:title="Label : UltraparMobilidadeLtdaMember to label_UltraparMobilidadeLtdaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_UltraparMobilidadeLtdaMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UltraparMobilidadeLtdaMember_2" xml:lang="en-US" id="label_UltraparMobilidadeLtdaMember_2">Ultrapar Mobilidade Ltda Member</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltraparMobilidadeLtdaMember" xlink:to="label_UltraparMobilidadeLtdaMember_2" xlink:title="Label : UltraparMobilidadeLtdaMember to label_UltraparMobilidadeLtdaMember_2" />
    <link:label xlink:type="resource" xlink:label="label_AbasteceAiClubeAutomobilistaInstituicaoDePagamentoLtdaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AbasteceAiClubeAutomobilistaInstituicaoDePagamentoLtdaMember_1" xml:lang="en-US" id="label_AbasteceAiClubeAutomobilistaInstituicaoDePagamentoLtdaMember_1">Abastece A&#xED; Clube Automobilista Institui&#xE7;&#xE3;o de Pagamento Ltda</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AbasteceAiClubeAutomobilistaInstituicaoDePagamentoLtdaMember" xlink:to="label_AbasteceAiClubeAutomobilistaInstituicaoDePagamentoLtdaMember_1" xlink:title="Label : AbasteceAiClubeAutomobilistaInstituicaoDePagamentoLtdaMember to label_AbasteceAiClubeAutomobilistaInstituicaoDePagamentoLtdaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AbasteceAiClubeAutomobilistaInstituicaoDePagamentoLtdaMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AbasteceAiClubeAutomobilistaInstituicaoDePagamentoLtdaMember_2" xml:lang="en-US" id="label_AbasteceAiClubeAutomobilistaInstituicaoDePagamentoLtdaMember_2">Abastece A&#xED; Clube Automobilista Instituicao De Pagamento Ltda Member</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AbasteceAiClubeAutomobilistaInstituicaoDePagamentoLtdaMember" xlink:to="label_AbasteceAiClubeAutomobilistaInstituicaoDePagamentoLtdaMember_2" xlink:title="Label : AbasteceAiClubeAutomobilistaInstituicaoDePagamentoLtdaMember to label_AbasteceAiClubeAutomobilistaInstituicaoDePagamentoLtdaMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AbasteceAiParticipacoesSAMember" xlink:label="AbasteceAiParticipacoesSAMember" xlink:title="AbasteceAiParticipacoesSAMember" />
    <link:label xlink:type="resource" xlink:label="label_AbasteceAiParticipacoesSAMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AbasteceAiParticipacoesSAMember" xml:lang="en-US" id="label_AbasteceAiParticipacoesSAMember">Represents Abastece A&#xED; Participa&#xE7;&#xF5;es S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AbasteceAiParticipacoesSAMember" xlink:to="label_AbasteceAiParticipacoesSAMember" xlink:title="Label : AbasteceAiParticipacoesSAMember to label_AbasteceAiParticipacoesSAMember" />
    <link:label xlink:type="resource" xlink:label="label_AbasteceAiParticipacoesSAMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AbasteceAiParticipacoesSAMember_1" xml:lang="en-US" id="label_AbasteceAiParticipacoesSAMember_1">Abastece Ai Participacoes SA Member</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AbasteceAiParticipacoesSAMember" xlink:to="label_AbasteceAiParticipacoesSAMember_1" xlink:title="Label : AbasteceAiParticipacoesSAMember to label_AbasteceAiParticipacoesSAMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AbasteceAiParticipacoesSAMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AbasteceAiParticipacoesSAMember_2" xml:lang="en-US" id="label_AbasteceAiParticipacoesSAMember_2">Abastece A&#xED; Participa&#xE7;&#xF5;es S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AbasteceAiParticipacoesSAMember" xlink:to="label_AbasteceAiParticipacoesSAMember_2" xlink:title="Label : AbasteceAiParticipacoesSAMember to label_AbasteceAiParticipacoesSAMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_EaiClubeAutomobilistaSAMember" xlink:label="EaiClubeAutomobilistaSAMember" xlink:title="EaiClubeAutomobilistaSAMember" />
    <link:label xlink:type="resource" xlink:label="label_EaiClubeAutomobilistaSAMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EaiClubeAutomobilistaSAMember" xml:lang="en-US" id="label_EaiClubeAutomobilistaSAMember">This member stands for the information pertaining to Ea&#xED; Clube Automobilista S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EaiClubeAutomobilistaSAMember" xlink:to="label_EaiClubeAutomobilistaSAMember" xlink:title="Label : EaiClubeAutomobilistaSAMember to label_EaiClubeAutomobilistaSAMember" />
    <link:label xlink:type="resource" xlink:label="label_EaiClubeAutomobilistaSAMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EaiClubeAutomobilistaSAMember_1" xml:lang="en-US" id="label_EaiClubeAutomobilistaSAMember_1">Eai Clube Automobilista S.A. [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EaiClubeAutomobilistaSAMember" xlink:to="label_EaiClubeAutomobilistaSAMember_1" xlink:title="Label : EaiClubeAutomobilistaSAMember to label_EaiClubeAutomobilistaSAMember_1" />
    <link:label xlink:type="resource" xlink:label="label_EaiClubeAutomobilistaSAMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EaiClubeAutomobilistaSAMember_2" xml:lang="en-US" id="label_EaiClubeAutomobilistaSAMember_2">Ea&#xED; Clube Automobilista S.A. [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EaiClubeAutomobilistaSAMember" xlink:to="label_EaiClubeAutomobilistaSAMember_2" xlink:title="Label : EaiClubeAutomobilistaSAMember to label_EaiClubeAutomobilistaSAMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SermaAssDosUsuariosEquipProcDeDadosMember" xlink:label="SermaAssDosUsuariosEquipProcDeDadosMember" xlink:title="SermaAssDosUsuariosEquipProcDeDadosMember" />
    <link:label xlink:type="resource" xlink:label="label_SermaAssDosUsuariosEquipProcDeDadosMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SermaAssDosUsuariosEquipProcDeDadosMember" xml:lang="en-US" id="label_SermaAssDosUsuariosEquipProcDeDadosMember">This member stands for the information pertaining to SERMA - Ass. dos usu&#xE1;rios equip. proc. de dados.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SermaAssDosUsuariosEquipProcDeDadosMember" xlink:to="label_SermaAssDosUsuariosEquipProcDeDadosMember" xlink:title="Label : SermaAssDosUsuariosEquipProcDeDadosMember to label_SermaAssDosUsuariosEquipProcDeDadosMember" />
    <link:label xlink:type="resource" xlink:label="label_SermaAssDosUsuariosEquipProcDeDadosMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SermaAssDosUsuariosEquipProcDeDadosMember_1" xml:lang="en-US" id="label_SermaAssDosUsuariosEquipProcDeDadosMember_1">SERMA - Ass. dos usu&#xE1;rios equip. proc. de dados [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SermaAssDosUsuariosEquipProcDeDadosMember" xlink:to="label_SermaAssDosUsuariosEquipProcDeDadosMember_1" xlink:title="Label : SermaAssDosUsuariosEquipProcDeDadosMember to label_SermaAssDosUsuariosEquipProcDeDadosMember_1" />
    <link:label xlink:type="resource" xlink:label="label_SermaAssDosUsuariosEquipProcDeDadosMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SermaAssDosUsuariosEquipProcDeDadosMember_2" xml:lang="en-US" id="label_SermaAssDosUsuariosEquipProcDeDadosMember_2">SERMA Ass dos usuarios equip proc de dados [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SermaAssDosUsuariosEquipProcDeDadosMember" xlink:to="label_SermaAssDosUsuariosEquipProcDeDadosMember_2" xlink:title="Label : SermaAssDosUsuariosEquipProcDeDadosMember to label_SermaAssDosUsuariosEquipProcDeDadosMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_UltraparInternationalSAMember" xlink:label="UltraparInternationalSAMember" xlink:title="UltraparInternationalSAMember" />
    <link:label xlink:type="resource" xlink:label="label_UltraparInternationalSAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UltraparInternationalSAMember" xml:lang="en-US" id="label_UltraparInternationalSAMember">Ultrapar International S A [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltraparInternationalSAMember" xlink:to="label_UltraparInternationalSAMember" xlink:title="Label : UltraparInternationalSAMember to label_UltraparInternationalSAMember" />
    <link:label xlink:type="resource" xlink:label="label_UltraparInternationalSAMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UltraparInternationalSAMember_1" xml:lang="en-US" id="label_UltraparInternationalSAMember_1">This member stands for the information pertaining to Ultrapar international S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltraparInternationalSAMember" xlink:to="label_UltraparInternationalSAMember_1" xlink:title="Label : UltraparInternationalSAMember to label_UltraparInternationalSAMember_1" />
    <link:label xlink:type="resource" xlink:label="label_UltraparInternationalSAMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UltraparInternationalSAMember_2" xml:lang="en-US" id="label_UltraparInternationalSAMember_2">Ultrapar International S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltraparInternationalSAMember" xlink:to="label_UltraparInternationalSAMember_2" xlink:title="Label : UltraparInternationalSAMember to label_UltraparInternationalSAMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_UltracargoSolucoesLogisticasSAMember" xlink:label="UltracargoSolucoesLogisticasSAMember" xlink:title="UltracargoSolucoesLogisticasSAMember" />
    <link:label xlink:type="resource" xlink:label="label_UltracargoSolucoesLogisticasSAMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UltracargoSolucoesLogisticasSAMember" xml:lang="en-US" id="label_UltracargoSolucoesLogisticasSAMember">Represents Ultracargo Solucoes Log&#xED;sticas S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltracargoSolucoesLogisticasSAMember" xlink:to="label_UltracargoSolucoesLogisticasSAMember" xlink:title="Label : UltracargoSolucoesLogisticasSAMember to label_UltracargoSolucoesLogisticasSAMember" />
    <link:label xlink:type="resource" xlink:label="label_UltracargoSolucoesLogisticasSAMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UltracargoSolucoesLogisticasSAMember_1" xml:lang="en-US" id="label_UltracargoSolucoesLogisticasSAMember_1">Ultracargo Solucoes Log&#xED;sticas SA Member</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltracargoSolucoesLogisticasSAMember" xlink:to="label_UltracargoSolucoesLogisticasSAMember_1" xlink:title="Label : UltracargoSolucoesLogisticasSAMember to label_UltracargoSolucoesLogisticasSAMember_1" />
    <link:label xlink:type="resource" xlink:label="label_UltracargoSolucoesLogisticasSAMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UltracargoSolucoesLogisticasSAMember_2" xml:lang="en-US" id="label_UltracargoSolucoesLogisticasSAMember_2">Ultracargo Solucoes Log&#xED;sticas S.A</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltracargoSolucoesLogisticasSAMember" xlink:to="label_UltracargoSolucoesLogisticasSAMember_2" xlink:title="Label : UltracargoSolucoesLogisticasSAMember to label_UltracargoSolucoesLogisticasSAMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember" xlink:label="TEASTerminalExportadorDeAlcoolDeSantosLtdaMember" xlink:title="TEASTerminalExportadorDeAlcoolDeSantosLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember" xml:lang="en-US" id="label_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember">TEAS Terminal Exportador de Alcool de Santos Ltda. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TEASTerminalExportadorDeAlcoolDeSantosLtdaMember" xlink:to="label_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember" xlink:title="Label : TEASTerminalExportadorDeAlcoolDeSantosLtdaMember to label_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember_1" xml:lang="en-US" id="label_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember_1">This member stands for the information pertaining to TEAS Terminal Exportador de lcool de Santos Ltda.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TEASTerminalExportadorDeAlcoolDeSantosLtdaMember" xlink:to="label_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember_1" xlink:title="Label : TEASTerminalExportadorDeAlcoolDeSantosLtdaMember to label_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember_2" xml:lang="en-US" id="label_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember_2">T E A S Terminal Exportador De Alcool De Santos Ltda [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TEASTerminalExportadorDeAlcoolDeSantosLtdaMember" xlink:to="label_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember_2" xlink:title="Label : TEASTerminalExportadorDeAlcoolDeSantosLtdaMember to label_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember_2" />
    <link:label xlink:type="resource" xlink:label="label_UltracargoLogisticaSAMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UltracargoLogisticaSAMember_1" xml:lang="en-US" id="label_UltracargoLogisticaSAMember_1">Ultracargo Log&#xED;stica S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltracargoLogisticaSAMember" xlink:to="label_UltracargoLogisticaSAMember_1" xlink:title="Label : UltracargoLogisticaSAMember to label_UltracargoLogisticaSAMember_1" />
    <link:label xlink:type="resource" xlink:label="label_UltracargoLogisticaSAMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UltracargoLogisticaSAMember_2" xml:lang="en-US" id="label_UltracargoLogisticaSAMember_2">Ultracargo Log&#xED;stica S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltracargoLogisticaSAMember" xlink:to="label_UltracargoLogisticaSAMember_2" xlink:title="Label : UltracargoLogisticaSAMember to label_UltracargoLogisticaSAMember_2" />
    <link:label xlink:type="resource" xlink:label="label_UltracargoLogisticaSAMember_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UltracargoLogisticaSAMember_3" xml:lang="en-US" id="label_UltracargoLogisticaSAMember_3">This member stands for the information pertaining to Ultracargo Log&#xED;stica S.A..</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltracargoLogisticaSAMember" xlink:to="label_UltracargoLogisticaSAMember_3" xlink:title="Label : UltracargoLogisticaSAMember to label_UltracargoLogisticaSAMember_3" />
    <link:label xlink:type="resource" xlink:label="label_UltracargoOperacoesLogisticasParticipacoesLtdaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UltracargoOperacoesLogisticasParticipacoesLtdaMember_1" xml:lang="en-US" id="label_UltracargoOperacoesLogisticasParticipacoesLtdaMember_1">Ultrapar Log&#xED;stica Ltda.</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImifarmaProdutosFarmaceuticosCosmeticosMember" xlink:to="label_ImifarmaProdutosFarmaceuticosCosmeticosMember_1" xlink:title="Label : ImifarmaProdutosFarmaceuticosCosmeticosMember to label_ImifarmaProdutosFarmaceuticosCosmeticosMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ImifarmaProdutosFarmaceuticosCosmeticosMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ImifarmaProdutosFarmaceuticosCosmeticosMember_2" xml:lang="en-US" id="label_ImifarmaProdutosFarmaceuticosCosmeticosMember_2">Imifarma Produtos Farmaceuticos Cosmeticos [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImifarmaProdutosFarmaceuticosCosmeticosMember" xlink:to="label_ImifarmaProdutosFarmaceuticosCosmeticosMember_2" xlink:title="Label : ImifarmaProdutosFarmaceuticosCosmeticosMember to label_ImifarmaProdutosFarmaceuticosCosmeticosMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ImavenImoveisLtdaMember" xlink:label="ImavenImoveisLtdaMember" xlink:title="ImavenImoveisLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_ImavenImoveisLtdaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ImavenImoveisLtdaMember" xml:lang="en-US" id="label_ImavenImoveisLtdaMember">Imaven Imoveis Ltda [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImavenImoveisLtdaMember" xlink:to="label_ImavenImoveisLtdaMember" xlink:title="Label : ImavenImoveisLtdaMember to label_ImavenImoveisLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_ImavenImoveisLtdaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ImavenImoveisLtdaMember_1" xml:lang="en-US" id="label_ImavenImoveisLtdaMember_1">Imaven Imoveis Ltda [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImavenImoveisLtdaMember" xlink:to="label_ImavenImoveisLtdaMember_1" xlink:title="Label : ImavenImoveisLtdaMember to label_ImavenImoveisLtdaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ImavenImoveisLtdaMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ImavenImoveisLtdaMember_2" xml:lang="en-US" id="label_ImavenImoveisLtdaMember_2">This member stands for the information pertaining to Imaven Imoveis Ltda.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImavenImoveisLtdaMember" xlink:to="label_ImavenImoveisLtdaMember_2" xlink:title="Label : ImavenImoveisLtdaMember to label_ImavenImoveisLtdaMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IrupeBiocombustiveisLtdaMember" xlink:label="IrupeBiocombustiveisLtdaMember" xlink:title="IrupeBiocombustiveisLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_IrupeBiocombustiveisLtdaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IrupeBiocombustiveisLtdaMember" xml:lang="en-US" id="label_IrupeBiocombustiveisLtdaMember">Irupe Biocombust&#xED;veis Ltda Member</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IrupeBiocombustiveisLtdaMember" xlink:to="label_IrupeBiocombustiveisLtdaMember" xlink:title="Label : IrupeBiocombustiveisLtdaMember to label_IrupeBiocombustiveisLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_IrupeBiocombustiveisLtdaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IrupeBiocombustiveisLtdaMember_1" xml:lang="en-US" id="label_IrupeBiocombustiveisLtdaMember_1">Irup&#xE9; Biocombust&#xED;veis Ltda.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IrupeBiocombustiveisLtdaMember" xlink:to="label_IrupeBiocombustiveisLtdaMember_1" xlink:title="Label : IrupeBiocombustiveisLtdaMember to label_IrupeBiocombustiveisLtdaMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IntegraFrotasLtdaMember" xlink:label="IntegraFrotasLtdaMember" xlink:title="IntegraFrotasLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_IntegraFrotasLtdaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IntegraFrotasLtdaMember" xml:lang="en-US" id="label_IntegraFrotasLtdaMember">Integra Frotas Ltda [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntegraFrotasLtdaMember" xlink:to="label_IntegraFrotasLtdaMember" xlink:title="Label : IntegraFrotasLtdaMember to label_IntegraFrotasLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_IntegraFrotasLtdaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IntegraFrotasLtdaMember_1" xml:lang="en-US" id="label_IntegraFrotasLtdaMember_1">Integra Frotas Ltda [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntegraFrotasLtdaMember" xlink:to="label_IntegraFrotasLtdaMember_1" xlink:title="Label : IntegraFrotasLtdaMember to label_IntegraFrotasLtdaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_IntegraFrotasLtdaMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IntegraFrotasLtdaMember_2" xml:lang="en-US" id="label_IntegraFrotasLtdaMember_2">This member stands for the information pertaining to Integra Frotas Ltda.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntegraFrotasLtdaMember" xlink:to="label_IntegraFrotasLtdaMember_2" xlink:title="Label : IntegraFrotasLtdaMember to label_IntegraFrotasLtdaMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IconicLubrificantesSAMember" xlink:label="IconicLubrificantesSAMember" xlink:title="IconicLubrificantesSAMember" />
    <link:label xlink:type="resource" xlink:label="label_IconicLubrificantesSAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IconicLubrificantesSAMember" xml:lang="en-US" id="label_IconicLubrificantesSAMember">Iconic Lubrificantes S.A [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IconicLubrificantesSAMember" xlink:to="label_IconicLubrificantesSAMember" xlink:title="Label : IconicLubrificantesSAMember to label_IconicLubrificantesSAMember" />
    <link:label xlink:type="resource" xlink:label="label_IconicLubrificantesSAMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IconicLubrificantesSAMember_1" xml:lang="en-US" id="label_IconicLubrificantesSAMember_1">Iconic Lubrificantes S.A [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IconicLubrificantesSAMember" xlink:to="label_IconicLubrificantesSAMember_1" xlink:title="Label : IconicLubrificantesSAMember to label_IconicLubrificantesSAMember_1" />
    <link:label xlink:type="resource" xlink:label="label_IconicLubrificantesSAMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IconicLubrificantesSAMember_2" xml:lang="en-US" id="label_IconicLubrificantesSAMember_2">This member stands for the information pertaining to Iconic Lubrificantes S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IconicLubrificantesSAMember" xlink:to="label_IconicLubrificantesSAMember_2" xlink:title="Label : IconicLubrificantesSAMember to label_IconicLubrificantesSAMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OilTradingImportadoraExportadoraLtdaMember" xlink:label="OilTradingImportadoraExportadoraLtdaMember" xlink:title="OilTradingImportadoraExportadoraLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_OilTradingImportadoraExportadoraLtdaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OilTradingImportadoraExportadoraLtdaMember" xml:lang="en-US" id="label_OilTradingImportadoraExportadoraLtdaMember">Oil Trading Importadora Exportadora Ltda [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OilTradingImportadoraExportadoraLtdaMember" xlink:to="label_OilTradingImportadoraExportadoraLtdaMember" xlink:title="Label : OilTradingImportadoraExportadoraLtdaMember to label_OilTradingImportadoraExportadoraLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_OilTradingImportadoraExportadoraLtdaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OilTradingImportadoraExportadoraLtdaMember_1" xml:lang="en-US" id="label_OilTradingImportadoraExportadoraLtdaMember_1">Oil Trading [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OilTradingImportadoraExportadoraLtdaMember" xlink:to="label_OilTradingImportadoraExportadoraLtdaMember_1" xlink:title="Label : OilTradingImportadoraExportadoraLtdaMember to label_OilTradingImportadoraExportadoraLtdaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OilTradingImportadoraExportadoraLtdaMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OilTradingImportadoraExportadoraLtdaMember_2" xml:lang="en-US" id="label_OilTradingImportadoraExportadoraLtdaMember_2">This member stands for the information pertaining to Oil Trading Importadora e Exportadora Ltda.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OilTradingImportadoraExportadoraLtdaMember" xlink:to="label_OilTradingImportadoraExportadoraLtdaMember_2" xlink:title="Label : OilTradingImportadoraExportadoraLtdaMember to label_OilTradingImportadoraExportadoraLtdaMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IpirangaLogsticaLtdaMember" xlink:label="IpirangaLogsticaLtdaMember" xlink:title="IpirangaLogsticaLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_IpirangaLogsticaLtdaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IpirangaLogsticaLtdaMember" xml:lang="en-US" id="label_IpirangaLogsticaLtdaMember">Ipiranga Logstica Ltda [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpirangaLogsticaLtdaMember" xlink:to="label_IpirangaLogsticaLtdaMember" xlink:title="Label : IpirangaLogsticaLtdaMember to label_IpirangaLogsticaLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_IpirangaLogsticaLtdaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IpirangaLogsticaLtdaMember_1" xml:lang="en-US" id="label_IpirangaLogsticaLtdaMember_1">Ipiranga Logstica Ltda [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpirangaLogsticaLtdaMember" xlink:to="label_IpirangaLogsticaLtdaMember_1" xlink:title="Label : IpirangaLogsticaLtdaMember to label_IpirangaLogsticaLtdaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_IpirangaLogsticaLtdaMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IpirangaLogsticaLtdaMember_2" xml:lang="en-US" id="label_IpirangaLogsticaLtdaMember_2">This member stands for the information pertaining to Ipiranga Logstica Ltda.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpirangaLogsticaLtdaMember" xlink:to="label_IpirangaLogsticaLtdaMember_2" xlink:title="Label : IpirangaLogsticaLtdaMember to label_IpirangaLogsticaLtdaMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IpirangaImobiliriaLtdaMember" xlink:label="IpirangaImobiliriaLtdaMember" xlink:title="IpirangaImobiliriaLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_IpirangaImobiliriaLtdaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IpirangaImobiliriaLtdaMember" xml:lang="en-US" id="label_IpirangaImobiliriaLtdaMember">Ipiranga Imobiliria Ltda [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpirangaImobiliriaLtdaMember" xlink:to="label_IpirangaImobiliriaLtdaMember" xlink:title="Label : IpirangaImobiliriaLtdaMember to label_IpirangaImobiliriaLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_IpirangaImobiliriaLtdaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IpirangaImobiliriaLtdaMember_1" xml:lang="en-US" id="label_IpirangaImobiliriaLtdaMember_1">Ipiranga Imobiliria Ltda [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpirangaImobiliriaLtdaMember" xlink:to="label_IpirangaImobiliriaLtdaMember_1" xlink:title="Label : IpirangaImobiliriaLtdaMember to label_IpirangaImobiliriaLtdaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_IpirangaImobiliriaLtdaMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IpirangaImobiliriaLtdaMember_2" xml:lang="en-US" id="label_IpirangaImobiliriaLtdaMember_2">This member stands for the information pertaining to Ipiranga Imobiliria Ltda.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpirangaImobiliriaLtdaMember" xlink:to="label_IpirangaImobiliriaLtdaMember_2" xlink:title="Label : IpirangaImobiliriaLtdaMember to label_IpirangaImobiliriaLtdaMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TropicalTransportesIpirangaLtdaMember" xlink:label="TropicalTransportesIpirangaLtdaMember" xlink:title="TropicalTransportesIpirangaLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_TropicalTransportesIpirangaLtdaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TropicalTransportesIpirangaLtdaMember" xml:lang="en-US" id="label_TropicalTransportesIpirangaLtdaMember">Tropical Transportes Ipiranga Ltda [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TropicalTransportesIpirangaLtdaMember" xlink:to="label_TropicalTransportesIpirangaLtdaMember" xlink:title="Label : TropicalTransportesIpirangaLtdaMember to label_TropicalTransportesIpirangaLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_TropicalTransportesIpirangaLtdaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TropicalTransportesIpirangaLtdaMember_1" xml:lang="en-US" id="label_TropicalTransportesIpirangaLtdaMember_1">Tropical Transportes Ipiranga Ltda [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TropicalTransportesIpirangaLtdaMember" xlink:to="label_TropicalTransportesIpirangaLtdaMember_1" xlink:title="Label : TropicalTransportesIpirangaLtdaMember to label_TropicalTransportesIpirangaLtdaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TropicalTransportesIpirangaLtdaMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TropicalTransportesIpirangaLtdaMember_2" xml:lang="en-US" id="label_TropicalTransportesIpirangaLtdaMember_2">This member stands for the information pertaining to Tropical Transportes Ipiranga Ltda.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TropicalTransportesIpirangaLtdaMember" xlink:to="label_TropicalTransportesIpirangaLtdaMember_2" xlink:title="Label : TropicalTransportesIpirangaLtdaMember to label_TropicalTransportesIpirangaLtdaMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IpirangaTradingLimitedMember" xlink:label="IpirangaTradingLimitedMember" xlink:title="IpirangaTradingLimitedMember" />
    <link:label xlink:type="resource" xlink:label="label_IpirangaTradingLimitedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IpirangaTradingLimitedMember" xml:lang="en-US" id="label_IpirangaTradingLimitedMember">Ipiranga Trading Limited [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpirangaTradingLimitedMember" xlink:to="label_IpirangaTradingLimitedMember" xlink:title="Label : IpirangaTradingLimitedMember to label_IpirangaTradingLimitedMember" />
    <link:label xlink:type="resource" xlink:label="label_IpirangaTradingLimitedMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IpirangaTradingLimitedMember_1" xml:lang="en-US" id="label_IpirangaTradingLimitedMember_1">Ipiranga Trading Limited [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpirangaTradingLimitedMember" xlink:to="label_IpirangaTradingLimitedMember_1" xlink:title="Label : IpirangaTradingLimitedMember to label_IpirangaTradingLimitedMember_1" />
    <link:label xlink:type="resource" xlink:label="label_IpirangaTradingLimitedMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IpirangaTradingLimitedMember_2" xml:lang="en-US" id="label_IpirangaTradingLimitedMember_2">This member stands for the information pertaining to Ipiranga Trading Limited.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IpirangaTradingLimitedMember" xlink:to="label_IpirangaTradingLimitedMember_2" xlink:title="Label : IpirangaTradingLimitedMember to label_IpirangaTradingLimitedMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IcorbanCorrespondenteBancarioLtdaMember" xlink:label="IcorbanCorrespondenteBancarioLtdaMember" xlink:title="IcorbanCorrespondenteBancarioLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_IcorbanCorrespondenteBancarioLtdaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IcorbanCorrespondenteBancarioLtdaMember" xml:lang="en-US" id="label_IcorbanCorrespondenteBancarioLtdaMember">This member stands for the information pertaining to Icorban-Correspondente Bancrio Ltda.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IcorbanCorrespondenteBancarioLtdaMember" xlink:to="label_IcorbanCorrespondenteBancarioLtdaMember" xlink:title="Label : IcorbanCorrespondenteBancarioLtdaMember to label_IcorbanCorrespondenteBancarioLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_IcorbanCorrespondenteBancarioLtdaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IcorbanCorrespondenteBancarioLtdaMember_1" xml:lang="en-US" id="label_IcorbanCorrespondenteBancarioLtdaMember_1">Icorban Correspondente Bancrio Ltda [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IcorbanCorrespondenteBancarioLtdaMember" xlink:to="label_IcorbanCorrespondenteBancarioLtdaMember_1" xlink:title="Label : IcorbanCorrespondenteBancarioLtdaMember to label_IcorbanCorrespondenteBancarioLtdaMember_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IcorbanCorrespondenteBancarioLtdaMember" xlink:to="label_IcorbanCorrespondenteBancarioLtdaMember_2" xlink:title="Label : IcorbanCorrespondenteBancarioLtdaMember to label_IcorbanCorrespondenteBancarioLtdaMember_2" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfFixedAndIntangibleAssetsAbroadExplanatory" xlink:label="DisclosureOfFixedAndIntangibleAssetsAbroadExplanatory" xlink:title="DisclosureOfFixedAndIntangibleAssetsAbroadExplanatory" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:label="DisclosureOfOperatingSegmentsExplanatory" xlink:title="DisclosureOfOperatingSegmentsExplanatory" />
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    <link:label xlink:type="resource" xlink:label="label_SummaryOfOtherOperatingIncomeTableTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SummaryOfOtherOperatingIncomeTableTextBlock_1" xml:lang="en-US" id="label_SummaryOfOtherOperatingIncomeTableTextBlock_1">Other operating income net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfOtherOperatingIncomeTableTextBlock" xlink:to="label_SummaryOfOtherOperatingIncomeTableTextBlock_1" xlink:title="Label : SummaryOfOtherOperatingIncomeTableTextBlock to label_SummaryOfOtherOperatingIncomeTableTextBlock_1" />
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    <link:label xlink:type="resource" xlink:label="label_SummaryOfExpensesByNatureTableTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SummaryOfExpensesByNatureTableTextBlock_1" xml:lang="en-US" id="label_SummaryOfExpensesByNatureTableTextBlock_1">Expenses by nature</link:label>
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    <link:label xlink:type="resource" xlink:label="label_SummaryOfExpensesByNatureTableTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SummaryOfExpensesByNatureTableTextBlock_2" xml:lang="en-US" id="label_SummaryOfExpensesByNatureTableTextBlock_2">Summary of Expenses by Nature [Table Text Block]</link:label>
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    <link:label xlink:type="resource" xlink:label="label_SummaryOfDividendsAndAllocationOfNetIncomeTableTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SummaryOfDividendsAndAllocationOfNetIncomeTableTextBlock_1" xml:lang="en-US" id="label_SummaryOfDividendsAndAllocationOfNetIncomeTableTextBlock_1">Dividends and Allocation of Net Income</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfDividendsAndAllocationOfNetIncomeTableTextBlock" xlink:to="label_SummaryOfDividendsAndAllocationOfNetIncomeTableTextBlock_2" xlink:title="Label : SummaryOfDividendsAndAllocationOfNetIncomeTableTextBlock to label_SummaryOfDividendsAndAllocationOfNetIncomeTableTextBlock_2" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCumulativeTranslationAdjustmentsExplanatory" xlink:to="label_DisclosureOfCumulativeTranslationAdjustmentsExplanatory" xlink:title="Label : DisclosureOfCumulativeTranslationAdjustmentsExplanatory to label_DisclosureOfCumulativeTranslationAdjustmentsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCumulativeTranslationAdjustmentsExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfCumulativeTranslationAdjustmentsExplanatory_1" xml:lang="en-US" id="label_DisclosureOfCumulativeTranslationAdjustmentsExplanatory_1">Balance and changes in cumulative translation adjustments</link:label>
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    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCumulativeTranslationAdjustmentsExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfCumulativeTranslationAdjustmentsExplanatory_2" xml:lang="en-US" id="label_DisclosureOfCumulativeTranslationAdjustmentsExplanatory_2">The tabular disclosure of balance and changes in cumulative translation adjustments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCumulativeTranslationAdjustmentsExplanatory" xlink:to="label_DisclosureOfCumulativeTranslationAdjustmentsExplanatory_2" xlink:title="Label : DisclosureOfCumulativeTranslationAdjustmentsExplanatory to label_DisclosureOfCumulativeTranslationAdjustmentsExplanatory_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfTreasurySharesExplanatory" xlink:label="DisclosureOfTreasurySharesExplanatory" xlink:title="DisclosureOfTreasurySharesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfTreasurySharesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfTreasurySharesExplanatory" xml:lang="en-US" id="label_DisclosureOfTreasurySharesExplanatory">Disclosure of treasury shares [text block]</link:label>
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    <link:label xlink:type="resource" xlink:label="label_DisclosureOfTreasurySharesExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfTreasurySharesExplanatory_1" xml:lang="en-US" id="label_DisclosureOfTreasurySharesExplanatory_1">Schedule of balance of treasury shares</link:label>
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SummaryOfDeferredRevenueInSubsidiariesTableTextBlock" xlink:label="SummaryOfDeferredRevenueInSubsidiariesTableTextBlock" xlink:title="SummaryOfDeferredRevenueInSubsidiariesTableTextBlock" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfDeferredRevenueInSubsidiariesTableTextBlock" xlink:to="label_SummaryOfDeferredRevenueInSubsidiariesTableTextBlock" xlink:title="Label : SummaryOfDeferredRevenueInSubsidiariesTableTextBlock to label_SummaryOfDeferredRevenueInSubsidiariesTableTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfDeferredRevenueInSubsidiariesTableTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SummaryOfDeferredRevenueInSubsidiariesTableTextBlock_1" xml:lang="en-US" id="label_SummaryOfDeferredRevenueInSubsidiariesTableTextBlock_1">Deferred revenue in subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfDeferredRevenueInSubsidiariesTableTextBlock" xlink:to="label_SummaryOfDeferredRevenueInSubsidiariesTableTextBlock_1" xlink:title="Label : SummaryOfDeferredRevenueInSubsidiariesTableTextBlock to label_SummaryOfDeferredRevenueInSubsidiariesTableTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfDeferredRevenueInSubsidiariesTableTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SummaryOfDeferredRevenueInSubsidiariesTableTextBlock_2" xml:lang="en-US" id="label_SummaryOfDeferredRevenueInSubsidiariesTableTextBlock_2">Summary of Deferred Revenue in Subsidiaries [Table Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfDeferredRevenueInSubsidiariesTableTextBlock" xlink:to="label_SummaryOfDeferredRevenueInSubsidiariesTableTextBlock_2" xlink:title="Label : SummaryOfDeferredRevenueInSubsidiariesTableTextBlock to label_SummaryOfDeferredRevenueInSubsidiariesTableTextBlock_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SummaryOfBalancesOfEscrowDepositsTableTextBlock" xlink:label="SummaryOfBalancesOfEscrowDepositsTableTextBlock" xlink:title="SummaryOfBalancesOfEscrowDepositsTableTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfBalancesOfEscrowDepositsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SummaryOfBalancesOfEscrowDepositsTableTextBlock" xml:lang="en-US" id="label_SummaryOfBalancesOfEscrowDepositsTableTextBlock">The tabular disclosure of escrow deposits.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfBalancesOfEscrowDepositsTableTextBlock" xlink:to="label_SummaryOfBalancesOfEscrowDepositsTableTextBlock" xlink:title="Label : SummaryOfBalancesOfEscrowDepositsTableTextBlock to label_SummaryOfBalancesOfEscrowDepositsTableTextBlock" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfBalancesOfEscrowDepositsTableTextBlock" xlink:to="label_SummaryOfBalancesOfEscrowDepositsTableTextBlock_1" xlink:title="Label : SummaryOfBalancesOfEscrowDepositsTableTextBlock to label_SummaryOfBalancesOfEscrowDepositsTableTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfBalancesOfEscrowDepositsTableTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SummaryOfBalancesOfEscrowDepositsTableTextBlock_2" xml:lang="en-US" id="label_SummaryOfBalancesOfEscrowDepositsTableTextBlock_2">Summary of Balances of Escrow Deposits [Table Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfBalancesOfEscrowDepositsTableTextBlock" xlink:to="label_SummaryOfBalancesOfEscrowDepositsTableTextBlock_2" xlink:title="Label : SummaryOfBalancesOfEscrowDepositsTableTextBlock to label_SummaryOfBalancesOfEscrowDepositsTableTextBlock_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfProvisionsExplanatory" xlink:label="DisclosureOfProvisionsExplanatory" xlink:title="DisclosureOfProvisionsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfProvisionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfProvisionsExplanatory" xml:lang="en-US" id="label_DisclosureOfProvisionsExplanatory">Disclosure of provisions [text block]</link:label>
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    <link:label xlink:type="resource" xlink:label="label_DisclosureOfProvisionsExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfProvisionsExplanatory_1" xml:lang="en-US" id="label_DisclosureOfProvisionsExplanatory_1">Breakdown of provisions by nature</link:label>
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    <link:label xlink:type="resource" xlink:label="label_SummaryOfChangesInAssetRetirementObligationTableTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SummaryOfChangesInAssetRetirementObligationTableTextBlock_1" xml:lang="en-US" id="label_SummaryOfChangesInAssetRetirementObligationTableTextBlock_1">Changes in the provision for asset retirement obligation</link:label>
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    <link:label xlink:type="resource" xlink:label="label_SummaryOfSignificantActuarialAssumptionsAdoptedTableTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SummaryOfSignificantActuarialAssumptionsAdoptedTableTextBlock_1" xml:lang="en-US" id="label_SummaryOfSignificantActuarialAssumptionsAdoptedTableTextBlock_1">Significant actuarial assumptions adopted</link:label>
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SummaryOfEmploymentBenefitExpenseTableTextBlock" xlink:label="SummaryOfEmploymentBenefitExpenseTableTextBlock" xlink:title="SummaryOfEmploymentBenefitExpenseTableTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfEmploymentBenefitExpenseTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SummaryOfEmploymentBenefitExpenseTableTextBlock" xml:lang="en-US" id="label_SummaryOfEmploymentBenefitExpenseTableTextBlock">Post-employment benefit expense</link:label>
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    <link:label xlink:type="resource" xlink:label="label_SummaryOfEmploymentBenefitExpenseTableTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SummaryOfEmploymentBenefitExpenseTableTextBlock_1" xml:lang="en-US" id="label_SummaryOfEmploymentBenefitExpenseTableTextBlock_1">Summary of Employment Benefit Expense [Table Text Block]</link:label>
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SummaryOfTradePayablesTableTextBlock" xlink:label="SummaryOfTradePayablesTableTextBlock" xlink:title="SummaryOfTradePayablesTableTextBlock" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ScheduleOfNotesPayableTableTextBlock" xlink:label="ScheduleOfNotesPayableTableTextBlock" xlink:title="ScheduleOfNotesPayableTableTextBlock" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SummaryOfLoanAndDebentureMaturityTableTextBlock" xlink:label="SummaryOfLoanAndDebentureMaturityTableTextBlock" xlink:title="SummaryOfLoanAndDebentureMaturityTableTextBlock" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfInventoriesProvisionForLossesExplanatory" xlink:to="label_DisclosureOfInventoriesProvisionForLossesExplanatory" xlink:title="Label : DisclosureOfInventoriesProvisionForLossesExplanatory to label_DisclosureOfInventoriesProvisionForLossesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfInventoriesProvisionForLossesExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfInventoriesProvisionForLossesExplanatory_1" xml:lang="en-US" id="label_DisclosureOfInventoriesProvisionForLossesExplanatory_1">Breakdown of provisions for losses related to inventories</link:label>
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    <link:label xlink:type="resource" xlink:label="label_DisclosureOfInventoriesProvisionForLossesExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfInventoriesProvisionForLossesExplanatory_2" xml:lang="en-US" id="label_DisclosureOfInventoriesProvisionForLossesExplanatory_2">Disclosure of Inventories Provision for Losses Explanatory</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfInventoriesProvisionForLossesExplanatory" xlink:to="label_DisclosureOfInventoriesProvisionForLossesExplanatory_2" xlink:title="Label : DisclosureOfInventoriesProvisionForLossesExplanatory to label_DisclosureOfInventoriesProvisionForLossesExplanatory_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfProvisionForLossesExplanatory" xlink:label="DisclosureOfProvisionForLossesExplanatory" xlink:title="DisclosureOfProvisionForLossesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfProvisionForLossesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfProvisionForLossesExplanatory" xml:lang="en-US" id="label_DisclosureOfProvisionForLossesExplanatory">Disclosure of Provision for Losses Explanatory</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfProvisionForLossesExplanatory" xlink:to="label_DisclosureOfProvisionForLossesExplanatory" xlink:title="Label : DisclosureOfProvisionForLossesExplanatory to label_DisclosureOfProvisionForLossesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfProvisionForLossesExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfProvisionForLossesExplanatory_1" xml:lang="en-US" id="label_DisclosureOfProvisionForLossesExplanatory_1">Movements in the provision for inventory losses</link:label>
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    <link:label xlink:type="resource" xlink:label="label_DisclosureOfProvisionForLossesExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfProvisionForLossesExplanatory_2" xml:lang="en-US" id="label_DisclosureOfProvisionForLossesExplanatory_2">Tabular disclosure of provision for losses.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfProvisionForLossesExplanatory" xlink:to="label_DisclosureOfProvisionForLossesExplanatory_2" xlink:title="Label : DisclosureOfProvisionForLossesExplanatory to label_DisclosureOfProvisionForLossesExplanatory_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfInventoriesCompositionExplanatory" xlink:label="DisclosureOfInventoriesCompositionExplanatory" xlink:title="DisclosureOfInventoriesCompositionExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfInventoriesCompositionExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfInventoriesCompositionExplanatory" xml:lang="en-US" id="label_DisclosureOfInventoriesCompositionExplanatory">Disclosure of Inventories Composition Explanatory</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfInventoriesCompositionExplanatory" xlink:to="label_DisclosureOfInventoriesCompositionExplanatory" xlink:title="Label : DisclosureOfInventoriesCompositionExplanatory to label_DisclosureOfInventoriesCompositionExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfInventoriesCompositionExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfInventoriesCompositionExplanatory_1" xml:lang="en-US" id="label_DisclosureOfInventoriesCompositionExplanatory_1">Breakdown of inventories</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfInventoriesCompositionExplanatory" xlink:to="label_DisclosureOfInventoriesCompositionExplanatory_1" xlink:title="Label : DisclosureOfInventoriesCompositionExplanatory to label_DisclosureOfInventoriesCompositionExplanatory_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfInventoriesCompositionExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfInventoriesCompositionExplanatory_2" xml:lang="en-US" id="label_DisclosureOfInventoriesCompositionExplanatory_2">Tabular disclosure of inventories composition.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfInventoriesCompositionExplanatory" xlink:to="label_DisclosureOfInventoriesCompositionExplanatory_2" xlink:title="Label : DisclosureOfInventoriesCompositionExplanatory to label_DisclosureOfInventoriesCompositionExplanatory_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InAccordanceWithIFRS9Member" xlink:label="InAccordanceWithIFRS9Member" xlink:title="InAccordanceWithIFRS9Member" />
    <link:label xlink:type="resource" xlink:label="label_InAccordanceWithIFRS9Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InAccordanceWithIFRS9Member" xml:lang="en-US" id="label_InAccordanceWithIFRS9Member">IFRS 9 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InAccordanceWithIFRS9Member" xlink:to="label_InAccordanceWithIFRS9Member" xlink:title="Label : InAccordanceWithIFRS9Member to label_InAccordanceWithIFRS9Member" />
    <link:label xlink:type="resource" xlink:label="label_InAccordanceWithIFRS9Member_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InAccordanceWithIFRS9Member_1" xml:lang="en-US" id="label_InAccordanceWithIFRS9Member_1">In accordance with IFRS 9 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InAccordanceWithIFRS9Member" xlink:to="label_InAccordanceWithIFRS9Member_1" xlink:title="Label : InAccordanceWithIFRS9Member to label_InAccordanceWithIFRS9Member_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RestatedMember" xlink:label="RestatedMember" xlink:title="RestatedMember" />
    <link:label xlink:type="resource" xlink:label="label_RestatedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RestatedMember" xml:lang="en-US" id="label_RestatedMember">Currently stated [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestatedMember" xlink:to="label_RestatedMember" xlink:title="Label : RestatedMember to label_RestatedMember" />
    <link:label xlink:type="resource" xlink:label="label_RestatedMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RestatedMember_1" xml:lang="en-US" id="label_RestatedMember_1">Currently stated [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestatedMember" xlink:to="label_RestatedMember_1" xlink:title="Label : RestatedMember to label_RestatedMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfOtherReceivablesExplanatory" xlink:label="DisclosureOfOtherReceivablesExplanatory" xlink:title="DisclosureOfOtherReceivablesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOtherReceivablesExplanatory" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfOtherReceivablesExplanatory" xml:lang="en-US" id="label_DisclosureOfOtherReceivablesExplanatory">Tabular disclosure of other receivables.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOtherReceivablesExplanatory" xlink:to="label_DisclosureOfOtherReceivablesExplanatory" xlink:title="Label : DisclosureOfOtherReceivablesExplanatory to label_DisclosureOfOtherReceivablesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOtherReceivablesExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfOtherReceivablesExplanatory_1" xml:lang="en-US" id="label_DisclosureOfOtherReceivablesExplanatory_1">Breakdown of other receivables</link:label>
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    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOtherReceivablesExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfOtherReceivablesExplanatory_2" xml:lang="en-US" id="label_DisclosureOfOtherReceivablesExplanatory_2">Disclosure of Other Receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOtherReceivablesExplanatory" xlink:to="label_DisclosureOfOtherReceivablesExplanatory_2" xlink:title="Label : DisclosureOfOtherReceivablesExplanatory to label_DisclosureOfOtherReceivablesExplanatory_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfResellerFinancingCompositionExplanatory" xlink:label="DisclosureOfResellerFinancingCompositionExplanatory" xlink:title="DisclosureOfResellerFinancingCompositionExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfResellerFinancingCompositionExplanatory" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfResellerFinancingCompositionExplanatory" xml:lang="en-US" id="label_DisclosureOfResellerFinancingCompositionExplanatory">Tabular disclosure of reseller financing composition.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfResellerFinancingCompositionExplanatory" xlink:to="label_DisclosureOfResellerFinancingCompositionExplanatory" xlink:title="Label : DisclosureOfResellerFinancingCompositionExplanatory to label_DisclosureOfResellerFinancingCompositionExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfResellerFinancingCompositionExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfResellerFinancingCompositionExplanatory_1" xml:lang="en-US" id="label_DisclosureOfResellerFinancingCompositionExplanatory_1">Composition of reseller financing</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfResellerFinancingCompositionExplanatory" xlink:to="label_DisclosureOfResellerFinancingCompositionExplanatory_1" xlink:title="Label : DisclosureOfResellerFinancingCompositionExplanatory to label_DisclosureOfResellerFinancingCompositionExplanatory_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfResellerFinancingCompositionExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfResellerFinancingCompositionExplanatory_2" xml:lang="en-US" id="label_DisclosureOfResellerFinancingCompositionExplanatory_2">Disclosure of Reseller Financing Composition Explanatory</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfResellerFinancingCompositionExplanatory" xlink:to="label_DisclosureOfResellerFinancingCompositionExplanatory_2" xlink:title="Label : DisclosureOfResellerFinancingCompositionExplanatory to label_DisclosureOfResellerFinancingCompositionExplanatory_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfTradeReceivablesBreakdownExplanatory" xlink:label="DisclosureOfTradeReceivablesBreakdownExplanatory" xlink:title="DisclosureOfTradeReceivablesBreakdownExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfTradeReceivablesBreakdownExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfTradeReceivablesBreakdownExplanatory" xml:lang="en-US" id="label_DisclosureOfTradeReceivablesBreakdownExplanatory">Disclosure of Trade Receivables Breakdown Explanatory</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfTradeReceivablesBreakdownExplanatory" xlink:to="label_DisclosureOfTradeReceivablesBreakdownExplanatory" xlink:title="Label : DisclosureOfTradeReceivablesBreakdownExplanatory to label_DisclosureOfTradeReceivablesBreakdownExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfTradeReceivablesBreakdownExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfTradeReceivablesBreakdownExplanatory_1" xml:lang="en-US" id="label_DisclosureOfTradeReceivablesBreakdownExplanatory_1">Breakdown of trade receivables, gross of allowance for expected credit losses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfTradeReceivablesBreakdownExplanatory" xlink:to="label_DisclosureOfTradeReceivablesBreakdownExplanatory_1" xlink:title="Label : DisclosureOfTradeReceivablesBreakdownExplanatory to label_DisclosureOfTradeReceivablesBreakdownExplanatory_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfTradeReceivablesBreakdownExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfTradeReceivablesBreakdownExplanatory_2" xml:lang="en-US" id="label_DisclosureOfTradeReceivablesBreakdownExplanatory_2">Tabular disclosure of trade receivables breakdown.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfTradeReceivablesBreakdownExplanatory" xlink:to="label_DisclosureOfTradeReceivablesBreakdownExplanatory_2" xlink:title="Label : DisclosureOfTradeReceivablesBreakdownExplanatory to label_DisclosureOfTradeReceivablesBreakdownExplanatory_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfTradeReceivablesCompositionExplanatory" xlink:label="DisclosureOfTradeReceivablesCompositionExplanatory" xlink:title="DisclosureOfTradeReceivablesCompositionExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfTradeReceivablesCompositionExplanatory" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfTradeReceivablesCompositionExplanatory" xml:lang="en-US" id="label_DisclosureOfTradeReceivablesCompositionExplanatory">Tabular disclosure of trade receivables composition.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfTradeReceivablesCompositionExplanatory" xlink:to="label_DisclosureOfTradeReceivablesCompositionExplanatory" xlink:title="Label : DisclosureOfTradeReceivablesCompositionExplanatory to label_DisclosureOfTradeReceivablesCompositionExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfTradeReceivablesCompositionExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfTradeReceivablesCompositionExplanatory_1" xml:lang="en-US" id="label_DisclosureOfTradeReceivablesCompositionExplanatory_1">Trade receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfTradeReceivablesCompositionExplanatory" xlink:to="label_DisclosureOfTradeReceivablesCompositionExplanatory_1" xlink:title="Label : DisclosureOfTradeReceivablesCompositionExplanatory to label_DisclosureOfTradeReceivablesCompositionExplanatory_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfTradeReceivablesCompositionExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfTradeReceivablesCompositionExplanatory_2" xml:lang="en-US" id="label_DisclosureOfTradeReceivablesCompositionExplanatory_2">Disclosure of Trade Receivables Composition Explanatory</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfTradeReceivablesCompositionExplanatory" xlink:to="label_DisclosureOfTradeReceivablesCompositionExplanatory_2" xlink:title="Label : DisclosureOfTradeReceivablesCompositionExplanatory to label_DisclosureOfTradeReceivablesCompositionExplanatory_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:label="DisclosureOfFinancialAssetsLineItems" xlink:title="DisclosureOfFinancialAssetsLineItems" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFinancialAssetsLineItems" xlink:to="label_DisclosureOfFinancialAssetsLineItems" xlink:title="Label : DisclosureOfFinancialAssetsLineItems to label_DisclosureOfFinancialAssetsLineItems" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ResellerFinancingIpirangaMember" xlink:label="ResellerFinancingIpirangaMember" xlink:title="ResellerFinancingIpirangaMember" />
    <link:label xlink:type="resource" xlink:label="label_ResellerFinancingIpirangaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ResellerFinancingIpirangaMember" xml:lang="en-US" id="label_ResellerFinancingIpirangaMember">Reseller Financing Ipiranga [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ResellerFinancingIpirangaMember" xlink:to="label_ResellerFinancingIpirangaMember" xlink:title="Label : ResellerFinancingIpirangaMember to label_ResellerFinancingIpirangaMember" />
    <link:label xlink:type="resource" xlink:label="label_ResellerFinancingIpirangaMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ResellerFinancingIpirangaMember_1" xml:lang="en-US" id="label_ResellerFinancingIpirangaMember_1">Reseller Financing - Ipiranga [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ResellerFinancingIpirangaMember" xlink:to="label_ResellerFinancingIpirangaMember_1" xlink:title="Label : ResellerFinancingIpirangaMember to label_ResellerFinancingIpirangaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ResellerFinancingIpirangaMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ResellerFinancingIpirangaMember_2" xml:lang="en-US" id="label_ResellerFinancingIpirangaMember_2">This member stands for the information pertaining to reseller financing ipiranga.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ResellerFinancingIpirangaMember" xlink:to="label_ResellerFinancingIpirangaMember_2" xlink:title="Label : ResellerFinancingIpirangaMember to label_ResellerFinancingIpirangaMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TradeReceivablesMember" xlink:label="TradeReceivablesMember" xlink:title="TradeReceivablesMember" />
    <link:label xlink:type="resource" xlink:label="label_TradeReceivablesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradeReceivablesMember" xml:lang="en-US" id="label_TradeReceivablesMember">Trade receivables [member]</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:label="DisclosureOfEntitysReportableSegmentsExplanatory" xlink:title="DisclosureOfEntitysReportableSegmentsExplanatory" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfOperatingSegmentsAbstract" xlink:label="DisclosureOfOperatingSegmentsAbstract" xlink:title="DisclosureOfOperatingSegmentsAbstract" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:label="DisclosureOfEarningsPerShareExplanatory" xlink:title="DisclosureOfEarningsPerShareExplanatory" />
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    <link:label xlink:type="resource" xlink:label="label_DisclosureOfEarningsPerShareExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfEarningsPerShareExplanatory_1" xml:lang="en-US" id="label_DisclosureOfEarningsPerShareExplanatory_1">Earnings per share</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_EarningsPerShareAbstract" xlink:label="EarningsPerShareAbstract" xlink:title="EarningsPerShareAbstract" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfFinanceIncomeExpenseAbstract" xlink:label="DisclosureOfFinanceIncomeExpenseAbstract" xlink:title="DisclosureOfFinanceIncomeExpenseAbstract" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfSubscriptionWarrantsExplanatory" xlink:label="DisclosureOfSubscriptionWarrantsExplanatory" xlink:title="DisclosureOfSubscriptionWarrantsExplanatory" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCashContributionsOfNonControllingInterests" xlink:to="label_NonCashContributionsOfNonControllingInterests_1" xlink:title="Label : NonCashContributionsOfNonControllingInterests to label_NonCashContributionsOfNonControllingInterests_1" />
    <link:label xlink:type="resource" xlink:label="label_NonCashContributionsOfNonControllingInterests_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NonCashContributionsOfNonControllingInterests_2" xml:lang="en-US" id="label_NonCashContributionsOfNonControllingInterests_2">The fair value of contributions received from non-controlling interests in noncash investing or financing activities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCashContributionsOfNonControllingInterests" xlink:to="label_NonCashContributionsOfNonControllingInterests_2" xlink:title="Label : NonCashContributionsOfNonControllingInterests to label_NonCashContributionsOfNonControllingInterests_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdditionOnRightToUseAssetsAndLeasesPayable" xlink:label="AdditionOnRightToUseAssetsAndLeasesPayable" xlink:title="AdditionOnRightToUseAssetsAndLeasesPayable" />
    <link:label xlink:type="resource" xlink:label="label_AdditionOnRightToUseAssetsAndLeasesPayable" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AdditionOnRightToUseAssetsAndLeasesPayable" xml:lang="en-US" id="label_AdditionOnRightToUseAssetsAndLeasesPayable">Additions and remeasurements between right-of-use assets and leases payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionOnRightToUseAssetsAndLeasesPayable" xlink:to="label_AdditionOnRightToUseAssetsAndLeasesPayable" xlink:title="Label : AdditionOnRightToUseAssetsAndLeasesPayable to label_AdditionOnRightToUseAssetsAndLeasesPayable" />
    <link:label xlink:type="resource" xlink:label="label_AdditionOnRightToUseAssetsAndLeasesPayable_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdditionOnRightToUseAssetsAndLeasesPayable_1" xml:lang="en-US" id="label_AdditionOnRightToUseAssetsAndLeasesPayable_1">Adjustments for noncash addition on rightofuse assets and leases payable.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionOnRightToUseAssetsAndLeasesPayable" xlink:to="label_AdditionOnRightToUseAssetsAndLeasesPayable_1" xlink:title="Label : AdditionOnRightToUseAssetsAndLeasesPayable to label_AdditionOnRightToUseAssetsAndLeasesPayable_1" />
    <link:label xlink:type="resource" xlink:label="label_AdditionOnRightToUseAssetsAndLeasesPayable_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdditionOnRightToUseAssetsAndLeasesPayable_2" xml:lang="en-US" id="label_AdditionOnRightToUseAssetsAndLeasesPayable_2">Addition on right-of-use assets and leases payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionOnRightToUseAssetsAndLeasesPayable" xlink:to="label_AdditionOnRightToUseAssetsAndLeasesPayable_2" xlink:title="Label : AdditionOnRightToUseAssetsAndLeasesPayable to label_AdditionOnRightToUseAssetsAndLeasesPayable_2" />
    <link:label xlink:type="resource" xlink:label="label_AdditionOnRightToUseAssetsAndLeasesPayable_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionOnRightToUseAssetsAndLeasesPayable_3" xml:lang="en-US" id="label_AdditionOnRightToUseAssetsAndLeasesPayable_3">Addition On Right To Use Assets And Leases Payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionOnRightToUseAssetsAndLeasesPayable" xlink:to="label_AdditionOnRightToUseAssetsAndLeasesPayable_3" xlink:title="Label : AdditionOnRightToUseAssetsAndLeasesPayable to label_AdditionOnRightToUseAssetsAndLeasesPayable_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NonCashTransactionsAbstract" xlink:label="NonCashTransactionsAbstract" xlink:title="NonCashTransactionsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NonCashTransactionsAbstract" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NonCashTransactionsAbstract" xml:lang="en-US" id="label_NonCashTransactionsAbstract">Non-cash transactions:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCashTransactionsAbstract" xlink:to="label_NonCashTransactionsAbstract" xlink:title="Label : NonCashTransactionsAbstract to label_NonCashTransactionsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NonCashTransactionsAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NonCashTransactionsAbstract_1" xml:lang="en-US" id="label_NonCashTransactionsAbstract_1">Non Cash Transactions [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCashTransactionsAbstract" xlink:to="label_NonCashTransactionsAbstract_1" xlink:title="Label : NonCashTransactionsAbstract to label_NonCashTransactionsAbstract_1" />
    <link:label xlink:type="resource" xlink:label="label_NonCashTransactionsAbstract_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NonCashTransactionsAbstract_2" xml:lang="en-US" id="label_NonCashTransactionsAbstract_2">Transactions without cash effect:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCashTransactionsAbstract" xlink:to="label_NonCashTransactionsAbstract_2" xlink:title="Label : NonCashTransactionsAbstract to label_NonCashTransactionsAbstract_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations" xlink:label="IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations" xlink:title="IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations" xml:lang="en-US" id="label_IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations">Increase (decrease) in cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations" xlink:to="label_IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations" xlink:title="Label : IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations to label_IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations_1" xml:lang="en-US" id="label_IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations_1">The increase (decrease) in cash and cash equivalents from continuing operations.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations" xlink:to="label_IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations_1" xlink:title="Label : IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations to label_IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations_2" xml:lang="en-US" id="label_IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations_2">Increase (decrease) in cash and cash equivalents, continuing operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations" xlink:to="label_IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations_2" xlink:title="Label : IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations to label_IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:label="CashFlowsFromUsedInFinancingActivities" xlink:title="CashFlowsFromUsedInFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowsFromUsedInFinancingActivities" xml:lang="en-US" id="label_CashFlowsFromUsedInFinancingActivities">Cash flows from (used in) financing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInFinancingActivities" xlink:to="label_CashFlowsFromUsedInFinancingActivities" xlink:title="Label : CashFlowsFromUsedInFinancingActivities to label_CashFlowsFromUsedInFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInFinancingActivities_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CashFlowsFromUsedInFinancingActivities_1" xml:lang="en-US" id="label_CashFlowsFromUsedInFinancingActivities_1">Net cash consumed by financing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInFinancingActivities" xlink:to="label_CashFlowsFromUsedInFinancingActivities_1" xlink:title="Label : CashFlowsFromUsedInFinancingActivities to label_CashFlowsFromUsedInFinancingActivities_1" />
    <link:label xlink:type="resource" xlink:label="label_CashRepaymentsOfAdvancesAndLoansFromRelatedParties_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CashRepaymentsOfAdvancesAndLoansFromRelatedParties_1" xml:lang="en-US" id="label_CashRepaymentsOfAdvancesAndLoansFromRelatedParties_1">Related parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashRepaymentsOfAdvancesAndLoansFromRelatedParties" xlink:to="label_CashRepaymentsOfAdvancesAndLoansFromRelatedParties_1" xlink:title="Label : CashRepaymentsOfAdvancesAndLoansFromRelatedParties to label_CashRepaymentsOfAdvancesAndLoansFromRelatedParties_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProceedsFromContributionsOfNoncontrollingInterests" xlink:label="ProceedsFromContributionsOfNoncontrollingInterests" xlink:title="ProceedsFromContributionsOfNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromContributionsOfNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromContributionsOfNoncontrollingInterests" xml:lang="en-US" id="label_ProceedsFromContributionsOfNoncontrollingInterests">Capital increase made by non-controlling shareholders and redemption of shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromContributionsOfNoncontrollingInterests" xlink:to="label_ProceedsFromContributionsOfNoncontrollingInterests" xlink:title="Label : ProceedsFromContributionsOfNoncontrollingInterests to label_ProceedsFromContributionsOfNoncontrollingInterests" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:label="DividendsPaidClassifiedAsFinancingActivities" xlink:title="DividendsPaidClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaidClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DividendsPaidClassifiedAsFinancingActivities" xml:lang="en-US" id="label_DividendsPaidClassifiedAsFinancingActivities">Payments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidClassifiedAsFinancingActivities" xlink:to="label_DividendsPaidClassifiedAsFinancingActivities" xlink:title="Label : DividendsPaidClassifiedAsFinancingActivities to label_DividendsPaidClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaidClassifiedAsFinancingActivities_1" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_DividendsPaidClassifiedAsFinancingActivities_1" xml:lang="en-US" id="label_DividendsPaidClassifiedAsFinancingActivities_1">Payments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidClassifiedAsFinancingActivities" xlink:to="label_DividendsPaidClassifiedAsFinancingActivities_1" xlink:title="Label : DividendsPaidClassifiedAsFinancingActivities to label_DividendsPaidClassifiedAsFinancingActivities_1" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaidClassifiedAsFinancingActivities_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DividendsPaidClassifiedAsFinancingActivities_2" xml:lang="en-US" id="label_DividendsPaidClassifiedAsFinancingActivities_2">Dividends paid</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidClassifiedAsFinancingActivities" xlink:to="label_DividendsPaidClassifiedAsFinancingActivities_2" xlink:title="Label : DividendsPaidClassifiedAsFinancingActivities to label_DividendsPaidClassifiedAsFinancingActivities_2" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaidClassifiedAsFinancingActivities_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPaidClassifiedAsFinancingActivities_3" xml:lang="en-US" id="label_DividendsPaidClassifiedAsFinancingActivities_3">Dividends paid, classified as financing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidClassifiedAsFinancingActivities" xlink:to="label_DividendsPaidClassifiedAsFinancingActivities_3" xlink:title="Label : DividendsPaidClassifiedAsFinancingActivities to label_DividendsPaidClassifiedAsFinancingActivities_3" />
    <link:label xlink:type="resource" xlink:label="label_InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities_1" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities_1" xml:lang="en-US" id="label_InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities_1">Interest payment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="label_InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities_1" xlink:title="Label : InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities to label_InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities_1" />
    <link:label xlink:type="resource" xlink:label="label_InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities_2" xml:lang="en-US" id="label_InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities_2">Interest Paid for Lease Liabilities Classified as Financing Activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="label_InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities_2" xlink:title="Label : InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities to label_InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities_2" />
    <link:label xlink:type="resource" xlink:label="label_InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities_3" xml:lang="en-US" id="label_InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities_3">Interest paid</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="label_InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities_3" xlink:title="Label : InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities to label_InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities_3" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_1" xml:lang="en-US" id="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_1">Payments of lease</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_1" xlink:title="Label : PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities to label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_1" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_2" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_2" xml:lang="en-US" id="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_2">Principal</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_2" xlink:title="Label : PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities to label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_2" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesAbstract_1" xml:lang="en-US" id="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesAbstract_1">Payments of lease</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesAbstract" xlink:to="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesAbstract_1" xlink:title="Label : PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesAbstract to label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InterestPaidForBorrowingsClassifiedAsFinancingActivities" xlink:label="InterestPaidForBorrowingsClassifiedAsFinancingActivities" xlink:title="InterestPaidForBorrowingsClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_InterestPaidForBorrowingsClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InterestPaidForBorrowingsClassifiedAsFinancingActivities" xml:lang="en-US" id="label_InterestPaidForBorrowingsClassifiedAsFinancingActivities">The cash outflow for interest paid on borrowings, classified as financing activities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPaidForBorrowingsClassifiedAsFinancingActivities" xlink:to="label_InterestPaidForBorrowingsClassifiedAsFinancingActivities" xlink:title="Label : InterestPaidForBorrowingsClassifiedAsFinancingActivities to label_InterestPaidForBorrowingsClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_InterestPaidForBorrowingsClassifiedAsFinancingActivities_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_InterestPaidForBorrowingsClassifiedAsFinancingActivities_1" xml:lang="en-US" id="label_InterestPaidForBorrowingsClassifiedAsFinancingActivities_1">Interest and derivatives (paid) or received</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPaidForBorrowingsClassifiedAsFinancingActivities" xlink:to="label_InterestPaidForBorrowingsClassifiedAsFinancingActivities_1" xlink:title="Label : InterestPaidForBorrowingsClassifiedAsFinancingActivities to label_InterestPaidForBorrowingsClassifiedAsFinancingActivities_1" />
    <link:label xlink:type="resource" xlink:label="label_InterestPaidForBorrowingsClassifiedAsFinancingActivities_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestPaidForBorrowingsClassifiedAsFinancingActivities_2" xml:lang="en-US" id="label_InterestPaidForBorrowingsClassifiedAsFinancingActivities_2">Interest Paid for Borrowings Classified as Financing Activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPaidForBorrowingsClassifiedAsFinancingActivities" xlink:to="label_InterestPaidForBorrowingsClassifiedAsFinancingActivities_2" xlink:title="Label : InterestPaidForBorrowingsClassifiedAsFinancingActivities to label_InterestPaidForBorrowingsClassifiedAsFinancingActivities_2" />
    <link:label xlink:type="resource" xlink:label="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_1" xml:lang="en-US" id="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_1">Loans paid off in advance</link:label>
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    <link:label xlink:type="resource" xlink:label="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_2" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_2" xml:lang="en-US" id="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_2">Principal payment</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="CashFlowsFromUsedInInvestingActivities" xlink:title="CashFlowsFromUsedInInvestingActivities" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CashReceiptsFromRepaymentOfLoansMadeToRelatedParties" xlink:label="CashReceiptsFromRepaymentOfLoansMadeToRelatedParties" xlink:title="CashReceiptsFromRepaymentOfLoansMadeToRelatedParties" />
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    <link:label xlink:type="resource" xlink:label="label_CashReceiptsFromRepaymentOfLoansMadeToRelatedParties_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashReceiptsFromRepaymentOfLoansMadeToRelatedParties_2" xml:lang="en-US" id="label_CashReceiptsFromRepaymentOfLoansMadeToRelatedParties_2">Receipt of intercompany loan owed by Oxiteno S.A. to Ultrapar International</link:label>
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FinancialInvestmentsNetOfRedemptions" xlink:label="FinancialInvestmentsNetOfRedemptions" xlink:title="FinancialInvestmentsNetOfRedemptions" />
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    <link:label xlink:type="resource" xlink:label="label_FinancialInvestmentsNetOfRedemptions_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinancialInvestmentsNetOfRedemptions_1" xml:lang="en-US" id="label_FinancialInvestmentsNetOfRedemptions_1">Financial investments, net of redemptions</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:label="CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:title="CashFlowsFromUsedInInvestingActivitiesAbstract" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:label="CashFlowsFromUsedInOperatingActivities" xlink:title="CashFlowsFromUsedInOperatingActivities" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities" xlink:label="AdjustmentsForIncreaseDecreaseInOtherLiabilities" xlink:title="AdjustmentsForIncreaseDecreaseInOtherLiabilities" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentsForProvisionOfDecarbonization" xlink:label="AdjustmentsForProvisionOfDecarbonization" xlink:title="AdjustmentsForProvisionOfDecarbonization" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:label="CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:title="CashFlowsFromUsedInOperatingActivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashFlowsFromUsedInOperatingActivitiesAbstract" xml:lang="en-US" id="label_CashFlowsFromUsedInOperatingActivitiesAbstract">Cash flows from operating activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:to="label_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:title="Label : CashFlowsFromUsedInOperatingActivitiesAbstract to label_CashFlowsFromUsedInOperatingActivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInOperatingActivitiesAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowsFromUsedInOperatingActivitiesAbstract_1" xml:lang="en-US" id="label_CashFlowsFromUsedInOperatingActivitiesAbstract_1">Cash flows from (used in) operating activities [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:to="label_CashFlowsFromUsedInOperatingActivitiesAbstract_1" xlink:title="Label : CashFlowsFromUsedInOperatingActivitiesAbstract to label_CashFlowsFromUsedInOperatingActivitiesAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_StatementOfCashFlowsAbstract" xlink:label="StatementOfCashFlowsAbstract" xlink:title="StatementOfCashFlowsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_StatementOfCashFlowsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementOfCashFlowsAbstract" xml:lang="en-US" id="label_StatementOfCashFlowsAbstract">Consolidated statements of cash flows - indirect method</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfCashFlowsAbstract" xlink:to="label_StatementOfCashFlowsAbstract" xlink:title="Label : StatementOfCashFlowsAbstract to label_StatementOfCashFlowsAbstract" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InterimDividendsPerShare" xlink:label="InterimDividendsPerShare" xlink:title="InterimDividendsPerShare" />
    <link:label xlink:type="resource" xlink:label="label_InterimDividendsPerShare" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_InterimDividendsPerShare" xml:lang="en-US" id="label_InterimDividendsPerShare">Interim dividends, paid per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterimDividendsPerShare" xlink:to="label_InterimDividendsPerShare" xlink:title="Label : InterimDividendsPerShare to label_InterimDividendsPerShare" />
    <link:label xlink:type="resource" xlink:label="label_InterimDividendsPerShare_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterimDividendsPerShare_1" xml:lang="en-US" id="label_InterimDividendsPerShare_1">Interim dividends per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterimDividendsPerShare" xlink:to="label_InterimDividendsPerShare_1" xlink:title="Label : InterimDividendsPerShare to label_InterimDividendsPerShare_1" />
    <link:label xlink:type="resource" xlink:label="label_InterimDividendsPerShare_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterimDividendsPerShare_2" xml:lang="en-US" id="label_InterimDividendsPerShare_2">Intermediary dividends, paid per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterimDividendsPerShare" xlink:to="label_InterimDividendsPerShare_2" xlink:title="Label : InterimDividendsPerShare to label_InterimDividendsPerShare_2" />
    <link:label xlink:type="resource" xlink:label="label_InterimDividendsPerShare_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InterimDividendsPerShare_3" xml:lang="en-US" id="label_InterimDividendsPerShare_3">The amount, per share, of interim dividends recognised as distributions to owners.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterimDividendsPerShare" xlink:to="label_InterimDividendsPerShare_3" xlink:title="Label : InterimDividendsPerShare to label_InterimDividendsPerShare_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ProposedDividendsPerShare" xlink:label="ProposedDividendsPerShare" xlink:title="ProposedDividendsPerShare" />
    <link:label xlink:type="resource" xlink:label="label_ProposedDividendsPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProposedDividendsPerShare" xml:lang="en-US" id="label_ProposedDividendsPerShare">Proposed dividends per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProposedDividendsPerShare" xlink:to="label_ProposedDividendsPerShare" xlink:title="Label : ProposedDividendsPerShare to label_ProposedDividendsPerShare" />
    <link:label xlink:type="resource" xlink:label="label_ProposedDividendsPerShare_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProposedDividendsPerShare_1" xml:lang="en-US" id="label_ProposedDividendsPerShare_1">Proposed dividends, per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProposedDividendsPerShare" xlink:to="label_ProposedDividendsPerShare_1" xlink:title="Label : ProposedDividendsPerShare to label_ProposedDividendsPerShare_1" />
    <link:label xlink:type="resource" xlink:label="label_ProposedDividendsPerShare_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProposedDividendsPerShare_2" xml:lang="en-US" id="label_ProposedDividendsPerShare_2">The amount, per share, of proposed dividends recognised as distributions to owners.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProposedDividendsPerShare" xlink:to="label_ProposedDividendsPerShare_2" xlink:title="Label : ProposedDividendsPerShare to label_ProposedDividendsPerShare_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InterestOnCapitalPaidPerShare" xlink:label="InterestOnCapitalPaidPerShare" xlink:title="InterestOnCapitalPaidPerShare" />
    <link:label xlink:type="resource" xlink:label="label_InterestOnCapitalPaidPerShare" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_InterestOnCapitalPaidPerShare" xml:lang="en-US" id="label_InterestOnCapitalPaidPerShare">Payment of interim interest on capital, per share, attributed to the mandatory minimum dividend, including income tax,</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestOnCapitalPaidPerShare" xlink:to="label_InterestOnCapitalPaidPerShare" xlink:title="Label : InterestOnCapitalPaidPerShare to label_InterestOnCapitalPaidPerShare" />
    <link:label xlink:type="resource" xlink:label="label_InterestOnCapitalPaidPerShare_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestOnCapitalPaidPerShare_1" xml:lang="en-US" id="label_InterestOnCapitalPaidPerShare_1">Interest on capital, per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestOnCapitalPaidPerShare" xlink:to="label_InterestOnCapitalPaidPerShare_1" xlink:title="Label : InterestOnCapitalPaidPerShare to label_InterestOnCapitalPaidPerShare_1" />
    <link:label xlink:type="resource" xlink:label="label_InterestOnCapitalPaidPerShare_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InterestOnCapitalPaidPerShare_2" xml:lang="en-US" id="label_InterestOnCapitalPaidPerShare_2">The amount, per share, of interest on capital paid during the reporting period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestOnCapitalPaidPerShare" xlink:to="label_InterestOnCapitalPaidPerShare_2" xlink:title="Label : InterestOnCapitalPaidPerShare to label_InterestOnCapitalPaidPerShare_2" />
    <link:label xlink:type="resource" xlink:label="label_InterestOnCapitalPaidPerShare_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestOnCapitalPaidPerShare_3" xml:lang="en-US" id="label_InterestOnCapitalPaidPerShare_3">Interest on capital paid, per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestOnCapitalPaidPerShare" xlink:to="label_InterestOnCapitalPaidPerShare_3" xlink:title="Label : InterestOnCapitalPaidPerShare to label_InterestOnCapitalPaidPerShare_3" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare_3" xml:lang="en-US" id="label_AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare_3">Proposed dividends, per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare" xlink:to="label_AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare_3" xlink:title="Label : AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare to label_AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare_3" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalMinimumMandatoryDividendsRecognisedPerShare_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdditionalMinimumMandatoryDividendsRecognisedPerShare_1" xml:lang="en-US" id="label_AdditionalMinimumMandatoryDividendsRecognisedPerShare_1">Additional minimum mandatory dividend, per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalMinimumMandatoryDividendsRecognisedPerShare" xlink:to="label_AdditionalMinimumMandatoryDividendsRecognisedPerShare_1" xlink:title="Label : AdditionalMinimumMandatoryDividendsRecognisedPerShare to label_AdditionalMinimumMandatoryDividendsRecognisedPerShare_1" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalMinimumMandatoryDividendsRecognisedPerShare_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionalMinimumMandatoryDividendsRecognisedPerShare_2" xml:lang="en-US" id="label_AdditionalMinimumMandatoryDividendsRecognisedPerShare_2">Additional minimum mandatory dividends recognised per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalMinimumMandatoryDividendsRecognisedPerShare" xlink:to="label_AdditionalMinimumMandatoryDividendsRecognisedPerShare_2" xlink:title="Label : AdditionalMinimumMandatoryDividendsRecognisedPerShare to label_AdditionalMinimumMandatoryDividendsRecognisedPerShare_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InterimDividends" xlink:label="InterimDividends" xlink:title="InterimDividends" />
    <link:label xlink:type="resource" xlink:label="label_InterimDividends" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterimDividends" xml:lang="en-US" id="label_InterimDividends">Interim dividends, paid</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterimDividends" xlink:to="label_InterimDividends" xlink:title="Label : InterimDividends to label_InterimDividends" />
    <link:label xlink:type="resource" xlink:label="label_InterimDividends_1" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_InterimDividends_1" xml:lang="en-US" id="label_InterimDividends_1">Interim dividends (R$ 0.25 per share)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterimDividends" xlink:to="label_InterimDividends_1" xlink:title="Label : InterimDividends to label_InterimDividends_1" />
    <link:label xlink:type="resource" xlink:label="label_InterimDividends_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InterimDividends_2" xml:lang="en-US" id="label_InterimDividends_2">The amount of interim dividends recognised as distributions to owners.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterimDividends" xlink:to="label_InterimDividends_2" xlink:title="Label : InterimDividends to label_InterimDividends_2" />
    <link:label xlink:type="resource" xlink:label="label_InterimDividends_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterimDividends_3" xml:lang="en-US" id="label_InterimDividends_3">Interim dividends</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterimDividends" xlink:to="label_InterimDividends_3" xlink:title="Label : InterimDividends to label_InterimDividends_3" />
    <link:label xlink:type="resource" xlink:label="label_InterimDividends_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_InterimDividends_4" xml:lang="en-US" id="label_InterimDividends_4">Intermediary dividends</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterimDividends" xlink:to="label_InterimDividends_4" xlink:title="Label : InterimDividends to label_InterimDividends_4" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:label="DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:title="DescriptionOfAccountingPolicyForProvisionsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForProvisionsExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForProvisionsExplanatory">Provisions and contingent liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:title="Label : DescriptionOfAccountingPolicyForProvisionsExplanatory to label_DescriptionOfAccountingPolicyForProvisionsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForProvisionsExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForProvisionsExplanatory_1" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForProvisionsExplanatory_1">Description of accounting policy for provisions [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForProvisionsExplanatory_1" xlink:title="Label : DescriptionOfAccountingPolicyForProvisionsExplanatory to label_DescriptionOfAccountingPolicyForProvisionsExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InterestOnCapitalPaid" xlink:label="InterestOnCapitalPaid" xlink:title="InterestOnCapitalPaid" />
    <link:label xlink:type="resource" xlink:label="label_InterestOnCapitalPaid" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_InterestOnCapitalPaid" xml:lang="en-US" id="label_InterestOnCapitalPaid">Payment of interim interest on capital, attributed to the mandatory minimum dividend, including income tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestOnCapitalPaid" xlink:to="label_InterestOnCapitalPaid" xlink:title="Label : InterestOnCapitalPaid to label_InterestOnCapitalPaid" />
    <link:label xlink:type="resource" xlink:label="label_InterestOnCapitalPaid_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InterestOnCapitalPaid_1" xml:lang="en-US" id="label_InterestOnCapitalPaid_1">The amount of interest on capital paid during the reporting period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestOnCapitalPaid" xlink:to="label_InterestOnCapitalPaid_1" xlink:title="Label : InterestOnCapitalPaid to label_InterestOnCapitalPaid_1" />
    <link:label xlink:type="resource" xlink:label="label_InterestOnCapitalPaid_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_InterestOnCapitalPaid_2" xml:lang="en-US" id="label_InterestOnCapitalPaid_2">Interest on capital attributable to non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestOnCapitalPaid" xlink:to="label_InterestOnCapitalPaid_2" xlink:title="Label : InterestOnCapitalPaid to label_InterestOnCapitalPaid_2" />
    <link:label xlink:type="resource" xlink:label="label_InterestOnCapitalPaid_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestOnCapitalPaid_3" xml:lang="en-US" id="label_InterestOnCapitalPaid_3">Interest on capital paid</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestOnCapitalPaid" xlink:to="label_InterestOnCapitalPaid_3" xlink:title="Label : InterestOnCapitalPaid to label_InterestOnCapitalPaid_3" />
    <link:label xlink:type="resource" xlink:label="label_InterestOnCapitalPaid_4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestOnCapitalPaid_4" xml:lang="en-US" id="label_InterestOnCapitalPaid_4">Gross amount of interest on capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestOnCapitalPaid" xlink:to="label_InterestOnCapitalPaid_4" xlink:title="Label : InterestOnCapitalPaid to label_InterestOnCapitalPaid_4" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalDividendsToMinimumMandatoryDividendsRecognised_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AdditionalDividendsToMinimumMandatoryDividendsRecognised_1" xml:lang="en-US" id="label_AdditionalDividendsToMinimumMandatoryDividendsRecognised_1">Balance of proposed dividends</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalDividendsToMinimumMandatoryDividendsRecognised" xlink:to="label_AdditionalDividendsToMinimumMandatoryDividendsRecognised_1" xlink:title="Label : AdditionalDividendsToMinimumMandatoryDividendsRecognised to label_AdditionalDividendsToMinimumMandatoryDividendsRecognised_1" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalDividendsToMinimumMandatoryDividendsRecognised_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AdditionalDividendsToMinimumMandatoryDividendsRecognised_2" xml:lang="en-US" id="label_AdditionalDividendsToMinimumMandatoryDividendsRecognised_2">Additional dividends (R$ 0.19 per share)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalDividendsToMinimumMandatoryDividendsRecognised" xlink:to="label_AdditionalDividendsToMinimumMandatoryDividendsRecognised_2" xlink:title="Label : AdditionalDividendsToMinimumMandatoryDividendsRecognised to label_AdditionalDividendsToMinimumMandatoryDividendsRecognised_2" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalDividendsToMinimumMandatoryDividendsRecognised_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionalDividendsToMinimumMandatoryDividendsRecognised_3" xml:lang="en-US" id="label_AdditionalDividendsToMinimumMandatoryDividendsRecognised_3">Additional dividends to minimum mandatory dividends recognised</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalDividendsToMinimumMandatoryDividendsRecognised" xlink:to="label_AdditionalDividendsToMinimumMandatoryDividendsRecognised_3" xlink:title="Label : AdditionalDividendsToMinimumMandatoryDividendsRecognised to label_AdditionalDividendsToMinimumMandatoryDividendsRecognised_3" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalDividendsToMinimumMandatoryDividendsRecognised_4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdditionalDividendsToMinimumMandatoryDividendsRecognised_4" xml:lang="en-US" id="label_AdditionalDividendsToMinimumMandatoryDividendsRecognised_4">Additional dividends to the minimum mandatory dividends</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalDividendsToMinimumMandatoryDividendsRecognised" xlink:to="label_AdditionalDividendsToMinimumMandatoryDividendsRecognised_4" xlink:title="Label : AdditionalDividendsToMinimumMandatoryDividendsRecognised to label_AdditionalDividendsToMinimumMandatoryDividendsRecognised_4" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdditionalMinimumMandatoryDividendsRecognised" xlink:label="AdditionalMinimumMandatoryDividendsRecognised" xlink:title="AdditionalMinimumMandatoryDividendsRecognised" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalMinimumMandatoryDividendsRecognised" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionalMinimumMandatoryDividendsRecognised" xml:lang="en-US" id="label_AdditionalMinimumMandatoryDividendsRecognised">Additional minimum mandatory dividends recognised</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalMinimumMandatoryDividendsRecognised" xlink:to="label_AdditionalMinimumMandatoryDividendsRecognised" xlink:title="Label : AdditionalMinimumMandatoryDividendsRecognised to label_AdditionalMinimumMandatoryDividendsRecognised" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalMinimumMandatoryDividendsRecognised_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AdditionalMinimumMandatoryDividendsRecognised_1" xml:lang="en-US" id="label_AdditionalMinimumMandatoryDividendsRecognised_1">Additional minimum mandatory dividend for the year (R$ 0.26 per share)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalMinimumMandatoryDividendsRecognised" xlink:to="label_AdditionalMinimumMandatoryDividendsRecognised_1" xlink:title="Label : AdditionalMinimumMandatoryDividendsRecognised to label_AdditionalMinimumMandatoryDividendsRecognised_1" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalMinimumMandatoryDividendsRecognised_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdditionalMinimumMandatoryDividendsRecognised_2" xml:lang="en-US" id="label_AdditionalMinimumMandatoryDividendsRecognised_2">The amount of additional minimum mandatory dividends recognised as distributions to owners during the reporting period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalMinimumMandatoryDividendsRecognised" xlink:to="label_AdditionalMinimumMandatoryDividendsRecognised_2" xlink:title="Label : AdditionalMinimumMandatoryDividendsRecognised to label_AdditionalMinimumMandatoryDividendsRecognised_2" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalMinimumMandatoryDividendsRecognised_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdditionalMinimumMandatoryDividendsRecognised_3" xml:lang="en-US" id="label_AdditionalMinimumMandatoryDividendsRecognised_3">Complementary minimum mandatory dividends for the year (25% of the adjusted net income (-) interim dividends)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalMinimumMandatoryDividendsRecognised" xlink:to="label_AdditionalMinimumMandatoryDividendsRecognised_3" xlink:title="Label : AdditionalMinimumMandatoryDividendsRecognised to label_AdditionalMinimumMandatoryDividendsRecognised_3" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve_2">Investments statutory reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve" xlink:to="label_IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve_2" xlink:title="Label : IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve to label_IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:label="IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:title="IncreaseDecreaseThroughTransfersAndOtherChangesEquity" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xml:lang="en-US" id="label_IncreaseDecreaseThroughTransfersAndOtherChangesEquity">Legal reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:to="label_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:title="Label : IncreaseDecreaseThroughTransfersAndOtherChangesEquity to label_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_1">Increase (decrease) through other changes, equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:to="label_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_1" xlink:title="Label : IncreaseDecreaseThroughTransfersAndOtherChangesEquity to label_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AllocationOfNetIncomeAbstract" xlink:label="AllocationOfNetIncomeAbstract" xlink:title="AllocationOfNetIncomeAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AllocationOfNetIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AllocationOfNetIncomeAbstract" xml:lang="en-US" id="label_AllocationOfNetIncomeAbstract">Allocation of net income [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllocationOfNetIncomeAbstract" xlink:to="label_AllocationOfNetIncomeAbstract" xlink:title="Label : AllocationOfNetIncomeAbstract to label_AllocationOfNetIncomeAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AllocationOfNetIncomeAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AllocationOfNetIncomeAbstract_1" xml:lang="en-US" id="label_AllocationOfNetIncomeAbstract_1">Allocation of net income:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllocationOfNetIncomeAbstract" xlink:to="label_AllocationOfNetIncomeAbstract_1" xlink:title="Label : AllocationOfNetIncomeAbstract to label_AllocationOfNetIncomeAbstract_1" />
    <link:label xlink:type="resource" xlink:label="label_AllocationOfNetIncomeAbstract_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AllocationOfNetIncomeAbstract_2" xml:lang="en-US" id="label_AllocationOfNetIncomeAbstract_2">Allocation of net income [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllocationOfNetIncomeAbstract" xlink:to="label_AllocationOfNetIncomeAbstract_2" xlink:title="Label : AllocationOfNetIncomeAbstract to label_AllocationOfNetIncomeAbstract_2" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughAcquisitionOfSubsidiary_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughAcquisitionOfSubsidiary_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughAcquisitionOfSubsidiary_2">Non-controlling interest in acquired subsidiary</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughAcquisitionOfSubsidiary" xlink:to="label_IncreaseDecreaseThroughAcquisitionOfSubsidiary_2" xlink:title="Label : IncreaseDecreaseThroughAcquisitionOfSubsidiary to label_IncreaseDecreaseThroughAcquisitionOfSubsidiary_2" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments_2">Shareholder transaction - changes of ownership interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments" xlink:to="label_IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments_2" xlink:title="Label : IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments to label_IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_UnclaimedDividendsForfeited" xlink:label="UnclaimedDividendsForfeited" xlink:title="UnclaimedDividendsForfeited" />
    <link:label xlink:type="resource" xlink:label="label_UnclaimedDividendsForfeited" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UnclaimedDividendsForfeited" xml:lang="en-US" id="label_UnclaimedDividendsForfeited">The amount of unclaimed dividends forfeited during the reporting period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnclaimedDividendsForfeited" xlink:to="label_UnclaimedDividendsForfeited" xlink:title="Label : UnclaimedDividendsForfeited to label_UnclaimedDividendsForfeited" />
    <link:label xlink:type="resource" xlink:label="label_UnclaimedDividendsForfeited_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UnclaimedDividendsForfeited_1" xml:lang="en-US" id="label_UnclaimedDividendsForfeited_1">Dividends prescribed</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnclaimedDividendsForfeited" xlink:to="label_UnclaimedDividendsForfeited_1" xlink:title="Label : UnclaimedDividendsForfeited to label_UnclaimedDividendsForfeited_1" />
    <link:label xlink:type="resource" xlink:label="label_UnclaimedDividendsForfeited_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnclaimedDividendsForfeited_2" xml:lang="en-US" id="label_UnclaimedDividendsForfeited_2">Unclaimed Dividends Forfeited</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnclaimedDividendsForfeited" xlink:to="label_UnclaimedDividendsForfeited_2" xlink:title="Label : UnclaimedDividendsForfeited to label_UnclaimedDividendsForfeited_2" />
    <link:label xlink:type="resource" xlink:label="label_UnclaimedDividendsForfeited_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_UnclaimedDividendsForfeited_3" xml:lang="en-US" id="label_UnclaimedDividendsForfeited_3">Prescribed dividends</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnclaimedDividendsForfeited" xlink:to="label_UnclaimedDividendsForfeited_3" xlink:title="Label : UnclaimedDividendsForfeited to label_UnclaimedDividendsForfeited_3" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesRecognisedWhenControlInSubsidiaryIsLost_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_GainsLossesRecognisedWhenControlInSubsidiaryIsLost_1" xml:lang="en-US" id="label_GainsLossesRecognisedWhenControlInSubsidiaryIsLost_1">Loss due to change in ownership interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:to="label_GainsLossesRecognisedWhenControlInSubsidiaryIsLost_1" xlink:title="Label : GainsLossesRecognisedWhenControlInSubsidiaryIsLost to label_GainsLossesRecognisedWhenControlInSubsidiaryIsLost_1" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesRecognisedWhenControlInSubsidiaryIsLost_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainsLossesRecognisedWhenControlInSubsidiaryIsLost_2" xml:lang="en-US" id="label_GainsLossesRecognisedWhenControlInSubsidiaryIsLost_2">Gain (loss) on disposal of investments, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:to="label_GainsLossesRecognisedWhenControlInSubsidiaryIsLost_2" xlink:title="Label : GainsLossesRecognisedWhenControlInSubsidiaryIsLost to label_GainsLossesRecognisedWhenControlInSubsidiaryIsLost_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncreaseDecreaseThroughCapitalIncreaseWithReserves" xlink:label="IncreaseDecreaseThroughCapitalIncreaseWithReserves" xlink:title="IncreaseDecreaseThroughCapitalIncreaseWithReserves" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughCapitalIncreaseWithReserves" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseThroughCapitalIncreaseWithReserves" xml:lang="en-US" id="label_IncreaseDecreaseThroughCapitalIncreaseWithReserves">The increase (decrease) in the entity's equity resulting from capital increase with reserves.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughCapitalIncreaseWithReserves" xlink:to="label_IncreaseDecreaseThroughCapitalIncreaseWithReserves" xlink:title="Label : IncreaseDecreaseThroughCapitalIncreaseWithReserves to label_IncreaseDecreaseThroughCapitalIncreaseWithReserves" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughCapitalIncreaseWithReserves_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughCapitalIncreaseWithReserves_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughCapitalIncreaseWithReserves_1">Capital increase with reserves</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughCapitalIncreaseWithReserves" xlink:to="label_IncreaseDecreaseThroughCapitalIncreaseWithReserves_1" xlink:title="Label : IncreaseDecreaseThroughCapitalIncreaseWithReserves to label_IncreaseDecreaseThroughCapitalIncreaseWithReserves_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughCapitalIncreaseWithReserves_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughCapitalIncreaseWithReserves_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughCapitalIncreaseWithReserves_2">Increase Decrease Through Capital Increase With Reserves</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughCapitalIncreaseWithReserves" xlink:to="label_IncreaseDecreaseThroughCapitalIncreaseWithReserves_2" xlink:title="Label : IncreaseDecreaseThroughCapitalIncreaseWithReserves to label_IncreaseDecreaseThroughCapitalIncreaseWithReserves_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IncreaseDecreaseThroughEquityInstrumentGranted" xlink:label="IncreaseDecreaseThroughEquityInstrumentGranted" xlink:title="IncreaseDecreaseThroughEquityInstrumentGranted" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughEquityInstrumentGranted" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseThroughEquityInstrumentGranted" xml:lang="en-US" id="label_IncreaseDecreaseThroughEquityInstrumentGranted">The increase (decrease) in equity resulting from equity instrument granted.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughEquityInstrumentGranted" xlink:to="label_IncreaseDecreaseThroughEquityInstrumentGranted" xlink:title="Label : IncreaseDecreaseThroughEquityInstrumentGranted to label_IncreaseDecreaseThroughEquityInstrumentGranted" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughEquityInstrumentGranted_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughEquityInstrumentGranted_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughEquityInstrumentGranted_1">Increase decrease through equity instrument granted</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughEquityInstrumentGranted" xlink:to="label_IncreaseDecreaseThroughEquityInstrumentGranted_1" xlink:title="Label : IncreaseDecreaseThroughEquityInstrumentGranted to label_IncreaseDecreaseThroughEquityInstrumentGranted_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughEquityInstrumentGranted_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughEquityInstrumentGranted_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughEquityInstrumentGranted_2">Equity instrument granted</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughEquityInstrumentGranted" xlink:to="label_IncreaseDecreaseThroughEquityInstrumentGranted_2" xlink:title="Label : IncreaseDecreaseThroughEquityInstrumentGranted to label_IncreaseDecreaseThroughEquityInstrumentGranted_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherComprehensiveIncome" xlink:label="OtherComprehensiveIncome" xlink:title="OtherComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherComprehensiveIncome" xml:lang="en-US" id="label_OtherComprehensiveIncome">Other comprehensive income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncome" xlink:to="label_OtherComprehensiveIncome" xlink:title="Label : OtherComprehensiveIncome to label_OtherComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncome_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_OtherComprehensiveIncome_1" xml:lang="en-US" id="label_OtherComprehensiveIncome_1">Other comprehensive income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncome" xlink:to="label_OtherComprehensiveIncome_1" xlink:title="Label : OtherComprehensiveIncome to label_OtherComprehensiveIncome_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherComprehensiveIncomeAbstract" xlink:label="OtherComprehensiveIncomeAbstract" xlink:title="OtherComprehensiveIncomeAbstract" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherComprehensiveIncomeAbstract" xml:lang="en-US" id="label_OtherComprehensiveIncomeAbstract">Other comprehensive income:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeAbstract" xlink:to="label_OtherComprehensiveIncomeAbstract" xlink:title="Label : OtherComprehensiveIncomeAbstract to label_OtherComprehensiveIncomeAbstract" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherComprehensiveIncomeAbstract_1" xml:lang="en-US" id="label_OtherComprehensiveIncomeAbstract_1">Other comprehensive income [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeAbstract" xlink:to="label_OtherComprehensiveIncomeAbstract_1" xlink:title="Label : OtherComprehensiveIncomeAbstract to label_OtherComprehensiveIncomeAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_StatementOfChangesInEquityLineItems" xlink:label="StatementOfChangesInEquityLineItems" xlink:title="StatementOfChangesInEquityLineItems" />
    <link:label xlink:type="resource" xlink:label="label_StatementOfChangesInEquityLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StatementOfChangesInEquityLineItems" xml:lang="en-US" id="label_StatementOfChangesInEquityLineItems">Consolidated statements of changes in equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfChangesInEquityLineItems" xlink:to="label_StatementOfChangesInEquityLineItems" xlink:title="Label : StatementOfChangesInEquityLineItems to label_StatementOfChangesInEquityLineItems" />
    <link:label xlink:type="resource" xlink:label="label_StatementOfChangesInEquityLineItems_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementOfChangesInEquityLineItems_1" xml:lang="en-US" id="label_StatementOfChangesInEquityLineItems_1">Statement of changes in equity [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfChangesInEquityLineItems" xlink:to="label_StatementOfChangesInEquityLineItems_1" xlink:title="Label : StatementOfChangesInEquityLineItems to label_StatementOfChangesInEquityLineItems_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncontrollingInterestsMember" xlink:label="NoncontrollingInterestsMember" xlink:title="NoncontrollingInterestsMember" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncontrollingInterestsMember" xml:lang="en-US" id="label_NoncontrollingInterestsMember">Non-controlling interests [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestsMember" xlink:to="label_NoncontrollingInterestsMember" xlink:title="Label : NoncontrollingInterestsMember to label_NoncontrollingInterestsMember" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncontrollingInterestsMember_1" xml:lang="en-US" id="label_NoncontrollingInterestsMember_1">Non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestsMember" xlink:to="label_NoncontrollingInterestsMember_1" xlink:title="Label : NoncontrollingInterestsMember to label_NoncontrollingInterestsMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:label="EquityAttributableToOwnersOfParentMember" xlink:title="EquityAttributableToOwnersOfParentMember" />
    <link:label xlink:type="resource" xlink:label="label_EquityAttributableToOwnersOfParentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EquityAttributableToOwnersOfParentMember" xml:lang="en-US" id="label_EquityAttributableToOwnersOfParentMember">Shareholders of the Company</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAttributableToOwnersOfParentMember" xlink:to="label_EquityAttributableToOwnersOfParentMember" xlink:title="Label : EquityAttributableToOwnersOfParentMember to label_EquityAttributableToOwnersOfParentMember" />
    <link:label xlink:type="resource" xlink:label="label_EquityAttributableToOwnersOfParentMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityAttributableToOwnersOfParentMember_1" xml:lang="en-US" id="label_EquityAttributableToOwnersOfParentMember_1">Equity attributable to owners of parent [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAttributableToOwnersOfParentMember" xlink:to="label_EquityAttributableToOwnersOfParentMember_1" xlink:title="Label : EquityAttributableToOwnersOfParentMember to label_EquityAttributableToOwnersOfParentMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdditionalDividendsMember" xlink:label="AdditionalDividendsMember" xlink:title="AdditionalDividendsMember" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalDividendsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionalDividendsMember" xml:lang="en-US" id="label_AdditionalDividendsMember">Additional Dividends [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalDividendsMember" xlink:to="label_AdditionalDividendsMember" xlink:title="Label : AdditionalDividendsMember to label_AdditionalDividendsMember" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalDividendsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdditionalDividendsMember_1" xml:lang="en-US" id="label_AdditionalDividendsMember_1">Additional dividends to the minimum mandatory dividends</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalDividendsMember" xlink:to="label_AdditionalDividendsMember_1" xlink:title="Label : AdditionalDividendsMember to label_AdditionalDividendsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalDividendsMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdditionalDividendsMember_2" xml:lang="en-US" id="label_AdditionalDividendsMember_2">This member stands for a component of equity representing additional dividends to the minimum mandatory dividend.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalDividendsMember" xlink:to="label_AdditionalDividendsMember_2" xlink:title="Label : AdditionalDividendsMember to label_AdditionalDividendsMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RetainedEarningsMember" xlink:label="RetainedEarningsMember" xlink:title="RetainedEarningsMember" />
    <link:label xlink:type="resource" xlink:label="label_RetainedEarningsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RetainedEarningsMember" xml:lang="en-US" id="label_RetainedEarningsMember">Retained earnings [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarningsMember" xlink:to="label_RetainedEarningsMember" xlink:title="Label : RetainedEarningsMember to label_RetainedEarningsMember" />
    <link:label xlink:type="resource" xlink:label="label_RetainedEarningsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RetainedEarningsMember_1" xml:lang="en-US" id="label_RetainedEarningsMember_1">Retained earnings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarningsMember" xlink:to="label_RetainedEarningsMember_1" xlink:title="Label : RetainedEarningsMember to label_RetainedEarningsMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:label="ReserveOfExchangeDifferencesOnTranslationMember" xlink:title="ReserveOfExchangeDifferencesOnTranslationMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfExchangeDifferencesOnTranslationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveOfExchangeDifferencesOnTranslationMember" xml:lang="en-US" id="label_ReserveOfExchangeDifferencesOnTranslationMember">Reserve of exchange differences on translation [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfExchangeDifferencesOnTranslationMember" xlink:to="label_ReserveOfExchangeDifferencesOnTranslationMember" xlink:title="Label : ReserveOfExchangeDifferencesOnTranslationMember to label_ReserveOfExchangeDifferencesOnTranslationMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfExchangeDifferencesOnTranslationMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveOfExchangeDifferencesOnTranslationMember_1" xml:lang="en-US" id="label_ReserveOfExchangeDifferencesOnTranslationMember_1">Cumulative translation adjustments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfExchangeDifferencesOnTranslationMember" xlink:to="label_ReserveOfExchangeDifferencesOnTranslationMember_1" xlink:title="Label : ReserveOfExchangeDifferencesOnTranslationMember to label_ReserveOfExchangeDifferencesOnTranslationMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AccumulatedOtherComprehensiveIncomeMember" xlink:label="AccumulatedOtherComprehensiveIncomeMember" xlink:title="AccumulatedOtherComprehensiveIncomeMember" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedOtherComprehensiveIncomeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccumulatedOtherComprehensiveIncomeMember" xml:lang="en-US" id="label_AccumulatedOtherComprehensiveIncomeMember">Accumulated other comprehensive income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedOtherComprehensiveIncomeMember" xlink:to="label_AccumulatedOtherComprehensiveIncomeMember" xlink:title="Label : AccumulatedOtherComprehensiveIncomeMember to label_AccumulatedOtherComprehensiveIncomeMember" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedOtherComprehensiveIncomeMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccumulatedOtherComprehensiveIncomeMember_1" xml:lang="en-US" id="label_AccumulatedOtherComprehensiveIncomeMember_1">Accumulated other comprehensive income [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedOtherComprehensiveIncomeMember" xlink:to="label_AccumulatedOtherComprehensiveIncomeMember_1" xlink:title="Label : AccumulatedOtherComprehensiveIncomeMember to label_AccumulatedOtherComprehensiveIncomeMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_InvestmentsStatutoryReserveMember" xlink:label="InvestmentsStatutoryReserveMember" xlink:title="InvestmentsStatutoryReserveMember" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsStatutoryReserveMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InvestmentsStatutoryReserveMember" xml:lang="en-US" id="label_InvestmentsStatutoryReserveMember">This member stands for accumulated other comprehensive income excluding reserve of exchange differences on translation.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsStatutoryReserveMember" xlink:to="label_InvestmentsStatutoryReserveMember" xlink:title="Label : InvestmentsStatutoryReserveMember to label_InvestmentsStatutoryReserveMember" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsStatutoryReserveMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InvestmentsStatutoryReserveMember_1" xml:lang="en-US" id="label_InvestmentsStatutoryReserveMember_1">Investments statutory reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsStatutoryReserveMember" xlink:to="label_InvestmentsStatutoryReserveMember_1" xlink:title="Label : InvestmentsStatutoryReserveMember to label_InvestmentsStatutoryReserveMember_1" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsStatutoryReserveMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentsStatutoryReserveMember_2" xml:lang="en-US" id="label_InvestmentsStatutoryReserveMember_2">Investments statutory reserve [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsStatutoryReserveMember" xlink:to="label_InvestmentsStatutoryReserveMember_2" xlink:title="Label : InvestmentsStatutoryReserveMember to label_InvestmentsStatutoryReserveMember_2" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsStatutoryReserveMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_InvestmentsStatutoryReserveMember_3" xml:lang="en-US" id="label_InvestmentsStatutoryReserveMember_3">Investments reserve [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsStatutoryReserveMember" xlink:to="label_InvestmentsStatutoryReserveMember_3" xlink:title="Label : InvestmentsStatutoryReserveMember to label_InvestmentsStatutoryReserveMember_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_StatutoryReserveMember" xlink:label="StatutoryReserveMember" xlink:title="StatutoryReserveMember" />
    <link:label xlink:type="resource" xlink:label="label_StatutoryReserveMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatutoryReserveMember" xml:lang="en-US" id="label_StatutoryReserveMember">Statutory reserve [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatutoryReserveMember" xlink:to="label_StatutoryReserveMember" xlink:title="Label : StatutoryReserveMember to label_StatutoryReserveMember" />
    <link:label xlink:type="resource" xlink:label="label_StatutoryReserveMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StatutoryReserveMember_1" xml:lang="en-US" id="label_StatutoryReserveMember_1">Legal Reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatutoryReserveMember" xlink:to="label_StatutoryReserveMember_1" xlink:title="Label : StatutoryReserveMember to label_StatutoryReserveMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RevaluationSurplusMember" xlink:label="RevaluationSurplusMember" xlink:title="RevaluationSurplusMember" />
    <link:label xlink:type="resource" xlink:label="label_RevaluationSurplusMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RevaluationSurplusMember" xml:lang="en-US" id="label_RevaluationSurplusMember">Revaluation reserve on subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevaluationSurplusMember" xlink:to="label_RevaluationSurplusMember" xlink:title="Label : RevaluationSurplusMember to label_RevaluationSurplusMember" />
    <link:label xlink:type="resource" xlink:label="label_RevaluationSurplusMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevaluationSurplusMember_1" xml:lang="en-US" id="label_RevaluationSurplusMember_1">Revaluation surplus [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevaluationSurplusMember" xlink:to="label_RevaluationSurplusMember_1" xlink:title="Label : RevaluationSurplusMember to label_RevaluationSurplusMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TreasurySharesMember" xlink:label="TreasurySharesMember" xlink:title="TreasurySharesMember" />
    <link:label xlink:type="resource" xlink:label="label_TreasurySharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TreasurySharesMember" xml:lang="en-US" id="label_TreasurySharesMember">Treasury shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TreasurySharesMember" xlink:to="label_TreasurySharesMember" xlink:title="Label : TreasurySharesMember to label_TreasurySharesMember" />
    <link:label xlink:type="resource" xlink:label="label_TreasurySharesMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TreasurySharesMember_1" xml:lang="en-US" id="label_TreasurySharesMember_1">Treasury shares [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TreasurySharesMember" xlink:to="label_TreasurySharesMember_1" xlink:title="Label : TreasurySharesMember to label_TreasurySharesMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CapitalReserveMember" xlink:label="CapitalReserveMember" xlink:title="CapitalReserveMember" />
    <link:label xlink:type="resource" xlink:label="label_CapitalReserveMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CapitalReserveMember" xml:lang="en-US" id="label_CapitalReserveMember">Capital reserve [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitalReserveMember" xlink:to="label_CapitalReserveMember" xlink:title="Label : CapitalReserveMember to label_CapitalReserveMember" />
    <link:label xlink:type="resource" xlink:label="label_CapitalReserveMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CapitalReserveMember_1" xml:lang="en-US" id="label_CapitalReserveMember_1">Capital reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitalReserveMember" xlink:to="label_CapitalReserveMember_1" xlink:title="Label : CapitalReserveMember to label_CapitalReserveMember_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_EquityInstrumentGrantedMember" xlink:label="EquityInstrumentGrantedMember" xlink:title="EquityInstrumentGrantedMember" />
    <link:label xlink:type="resource" xlink:label="label_EquityInstrumentGrantedMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EquityInstrumentGrantedMember" xml:lang="en-US" id="label_EquityInstrumentGrantedMember">The member stands for equity instrument granted.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityInstrumentGrantedMember" xlink:to="label_EquityInstrumentGrantedMember" xlink:title="Label : EquityInstrumentGrantedMember to label_EquityInstrumentGrantedMember" />
    <link:label xlink:type="resource" xlink:label="label_EquityInstrumentGrantedMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EquityInstrumentGrantedMember_1" xml:lang="en-US" id="label_EquityInstrumentGrantedMember_1">Equity instrument granted</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityInstrumentGrantedMember" xlink:to="label_EquityInstrumentGrantedMember_1" xlink:title="Label : EquityInstrumentGrantedMember to label_EquityInstrumentGrantedMember_1" />
    <link:label xlink:type="resource" xlink:label="label_EquityInstrumentGrantedMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityInstrumentGrantedMember_2" xml:lang="en-US" id="label_EquityInstrumentGrantedMember_2">Equity instrument granted [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityInstrumentGrantedMember" xlink:to="label_EquityInstrumentGrantedMember_2" xlink:title="Label : EquityInstrumentGrantedMember to label_EquityInstrumentGrantedMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IssuedCapitalMember" xlink:label="IssuedCapitalMember" xlink:title="IssuedCapitalMember" />
    <link:label xlink:type="resource" xlink:label="label_IssuedCapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IssuedCapitalMember" xml:lang="en-US" id="label_IssuedCapitalMember">Issued capital [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedCapitalMember" xlink:to="label_IssuedCapitalMember" xlink:title="Label : IssuedCapitalMember to label_IssuedCapitalMember" />
    <link:label xlink:type="resource" xlink:label="label_IssuedCapitalMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IssuedCapitalMember_1" xml:lang="en-US" id="label_IssuedCapitalMember_1">Share capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedCapitalMember" xlink:to="label_IssuedCapitalMember_1" xlink:title="Label : IssuedCapitalMember to label_IssuedCapitalMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ComponentsOfEquityDomain" xlink:label="ComponentsOfEquityDomain" xlink:title="ComponentsOfEquityDomain" />
    <link:label xlink:type="resource" xlink:label="label_ComponentsOfEquityDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ComponentsOfEquityDomain" xml:lang="en-US" id="label_ComponentsOfEquityDomain">Components of equity [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComponentsOfEquityDomain" xlink:to="label_ComponentsOfEquityDomain" xlink:title="Label : ComponentsOfEquityDomain to label_ComponentsOfEquityDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ComponentsOfEquityAxis" xlink:label="ComponentsOfEquityAxis" xlink:title="ComponentsOfEquityAxis" />
    <link:label xlink:type="resource" xlink:label="label_ComponentsOfEquityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ComponentsOfEquityAxis" xml:lang="en-US" id="label_ComponentsOfEquityAxis">Components of equity [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComponentsOfEquityAxis" xlink:to="label_ComponentsOfEquityAxis" xlink:title="Label : ComponentsOfEquityAxis to label_ComponentsOfEquityAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_StatementOfChangesInEquityTable" xlink:label="StatementOfChangesInEquityTable" xlink:title="StatementOfChangesInEquityTable" />
    <link:label xlink:type="resource" xlink:label="label_StatementOfChangesInEquityTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StatementOfChangesInEquityTable" xml:lang="en-US" id="label_StatementOfChangesInEquityTable">Statement of changes in equity [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfChangesInEquityTable" xlink:to="label_StatementOfChangesInEquityTable" xlink:title="Label : StatementOfChangesInEquityTable to label_StatementOfChangesInEquityTable" />
    <link:label xlink:type="resource" xlink:label="label_StatementOfChangesInEquityTable_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementOfChangesInEquityTable_1" xml:lang="en-US" id="label_StatementOfChangesInEquityTable_1">Statement of changes in equity [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfChangesInEquityTable" xlink:to="label_StatementOfChangesInEquityTable_1" xlink:title="Label : StatementOfChangesInEquityTable to label_StatementOfChangesInEquityTable_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_StatementOfChangesInEquityAbstract" xlink:label="StatementOfChangesInEquityAbstract" xlink:title="StatementOfChangesInEquityAbstract" />
    <link:label xlink:type="resource" xlink:label="label_StatementOfChangesInEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementOfChangesInEquityAbstract" xml:lang="en-US" id="label_StatementOfChangesInEquityAbstract">Consolidated statements of changes in equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfChangesInEquityAbstract" xlink:to="label_StatementOfChangesInEquityAbstract" xlink:title="Label : StatementOfChangesInEquityAbstract to label_StatementOfChangesInEquityAbstract" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeAttributableToOwnersOfParent" xlink:to="label_ComprehensiveIncomeAttributableToOwnersOfParent_1" xlink:title="Label : ComprehensiveIncomeAttributableToOwnersOfParent to label_ComprehensiveIncomeAttributableToOwnersOfParent_1" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_EarningsLossPerShareAbstract" xlink:label="EarningsLossPerShareAbstract" xlink:title="EarningsLossPerShareAbstract" />
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    <link:label xlink:type="resource" xlink:label="label_DilutedEarningsLossPerShareFromDiscontinuedOperations_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DilutedEarningsLossPerShareFromDiscontinuedOperations_2" xml:lang="en-US" id="label_DilutedEarningsLossPerShareFromDiscontinuedOperations_2">Diluted</link:label>
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    <link:label xlink:type="resource" xlink:label="label_ProfitLossAttributableToAbstract_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ProfitLossAttributableToAbstract_2" xml:lang="en-US" id="label_ProfitLossAttributableToAbstract_2">Income attributable to:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAttributableToAbstract" xlink:to="label_ProfitLossAttributableToAbstract_2" xlink:title="Label : ProfitLossAttributableToAbstract to label_ProfitLossAttributableToAbstract_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProfitLoss" xlink:label="ProfitLoss" xlink:title="ProfitLoss" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitLoss" xml:lang="en-US" id="label_ProfitLoss">Net income for the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLoss" xlink:to="label_ProfitLoss" xlink:title="Label : ProfitLoss to label_ProfitLoss" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLoss_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ProfitLoss_1" xml:lang="en-US" id="label_ProfitLoss_1">Income (loss) for the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLoss" xlink:to="label_ProfitLoss_1" xlink:title="Label : ProfitLoss to label_ProfitLoss_1" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLoss_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ProfitLoss_2" xml:lang="en-US" id="label_ProfitLoss_2">Net income for the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLoss" xlink:to="label_ProfitLoss_2" xlink:title="Label : ProfitLoss to label_ProfitLoss_2" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLoss_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLoss_3" xml:lang="en-US" id="label_ProfitLoss_3">Profit (loss)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLoss" xlink:to="label_ProfitLoss_3" xlink:title="Label : ProfitLoss to label_ProfitLoss_3" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLoss_4" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_ProfitLoss_4" xml:lang="en-US" id="label_ProfitLoss_4">Profit (loss) for the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLoss" xlink:to="label_ProfitLoss_4" xlink:title="Label : ProfitLoss to label_ProfitLoss_4" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProfitLossFromDiscontinuedOperations" xlink:label="ProfitLossFromDiscontinuedOperations" xlink:title="ProfitLossFromDiscontinuedOperations" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossFromDiscontinuedOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLossFromDiscontinuedOperations" xml:lang="en-US" id="label_ProfitLossFromDiscontinuedOperations">Profit (loss) from discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossFromDiscontinuedOperations" xlink:to="label_ProfitLossFromDiscontinuedOperations" xlink:title="Label : ProfitLossFromDiscontinuedOperations to label_ProfitLossFromDiscontinuedOperations" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossFromDiscontinuedOperations_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitLossFromDiscontinuedOperations_1" xml:lang="en-US" id="label_ProfitLossFromDiscontinuedOperations_1">Net income from discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossFromDiscontinuedOperations" xlink:to="label_ProfitLossFromDiscontinuedOperations_1" xlink:title="Label : ProfitLossFromDiscontinuedOperations to label_ProfitLossFromDiscontinuedOperations_1" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossFromDiscontinuedOperations_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ProfitLossFromDiscontinuedOperations_2" xml:lang="en-US" id="label_ProfitLossFromDiscontinuedOperations_2">Net income (loss) for the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossFromDiscontinuedOperations" xlink:to="label_ProfitLossFromDiscontinuedOperations_2" xlink:title="Label : ProfitLossFromDiscontinuedOperations to label_ProfitLossFromDiscontinuedOperations_2" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossFromDiscontinuedOperations_3" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_ProfitLossFromDiscontinuedOperations_3" xml:lang="en-US" id="label_ProfitLossFromDiscontinuedOperations_3">Discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossFromDiscontinuedOperations" xlink:to="label_ProfitLossFromDiscontinuedOperations_3" xlink:title="Label : ProfitLossFromDiscontinuedOperations to label_ProfitLossFromDiscontinuedOperations_3" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossFromDiscontinuedOperations_4" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel" xlink:title="label_ProfitLossFromDiscontinuedOperations_4" xml:lang="en-US" id="label_ProfitLossFromDiscontinuedOperations_4">Income from discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossFromDiscontinuedOperations" xlink:to="label_ProfitLossFromDiscontinuedOperations_4" xlink:title="Label : ProfitLossFromDiscontinuedOperations to label_ProfitLossFromDiscontinuedOperations_4" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProfitLossFromContinuingOperations" xlink:label="ProfitLossFromContinuingOperations" xlink:title="ProfitLossFromContinuingOperations" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossFromContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitLossFromContinuingOperations" xml:lang="en-US" id="label_ProfitLossFromContinuingOperations">Net income from continuing operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossFromContinuingOperations" xlink:to="label_ProfitLossFromContinuingOperations" xlink:title="Label : ProfitLossFromContinuingOperations to label_ProfitLossFromContinuingOperations" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossFromContinuingOperations_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLossFromContinuingOperations_1" xml:lang="en-US" id="label_ProfitLossFromContinuingOperations_1">Profit (loss) from continuing operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossFromContinuingOperations" xlink:to="label_ProfitLossFromContinuingOperations_1" xlink:title="Label : ProfitLossFromContinuingOperations to label_ProfitLossFromContinuingOperations_1" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossFromContinuingOperations_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ProfitLossFromContinuingOperations_2" xml:lang="en-US" id="label_ProfitLossFromContinuingOperations_2">Net income from continuing operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossFromContinuingOperations" xlink:to="label_ProfitLossFromContinuingOperations_2" xlink:title="Label : ProfitLossFromContinuingOperations to label_ProfitLossFromContinuingOperations_2" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossFromContinuingOperations_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ProfitLossFromContinuingOperations_3" xml:lang="en-US" id="label_ProfitLossFromContinuingOperations_3">Profit from continuing operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossFromContinuingOperations" xlink:to="label_ProfitLossFromContinuingOperations_3" xlink:title="Label : ProfitLossFromContinuingOperations to label_ProfitLossFromContinuingOperations_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:label="IncomeTaxExpenseContinuingOperations" xlink:title="IncomeTaxExpenseContinuingOperations" />
    <link:label xlink:type="resource" xlink:label="label_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeTaxExpenseContinuingOperations" xml:lang="en-US" id="label_IncomeTaxExpenseContinuingOperations">Tax expense (income)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxExpenseContinuingOperations" xlink:to="label_IncomeTaxExpenseContinuingOperations" xlink:title="Label : IncomeTaxExpenseContinuingOperations to label_IncomeTaxExpenseContinuingOperations" />
    <link:label xlink:type="resource" xlink:label="label_IncomeTaxExpenseContinuingOperations_1" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:title="label_IncomeTaxExpenseContinuingOperations_1" xml:lang="en-US" id="label_IncomeTaxExpenseContinuingOperations_1">Income and social contribution taxes in the statement of income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxExpenseContinuingOperations" xlink:to="label_IncomeTaxExpenseContinuingOperations_1" xlink:title="Label : IncomeTaxExpenseContinuingOperations to label_IncomeTaxExpenseContinuingOperations_1" />
    <link:label xlink:type="resource" xlink:label="label_IncomeTaxExpenseContinuingOperations_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_IncomeTaxExpenseContinuingOperations_2" xml:lang="en-US" id="label_IncomeTaxExpenseContinuingOperations_2">Income and social contribution taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxExpenseContinuingOperations" xlink:to="label_IncomeTaxExpenseContinuingOperations_2" xlink:title="Label : IncomeTaxExpenseContinuingOperations to label_IncomeTaxExpenseContinuingOperations_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DeferredTaxExpenseIncome" xlink:label="DeferredTaxExpenseIncome" xlink:title="DeferredTaxExpenseIncome" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxExpenseIncome" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DeferredTaxExpenseIncome" xml:lang="en-US" id="label_DeferredTaxExpenseIncome">Deferred</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxExpenseIncome" xlink:to="label_DeferredTaxExpenseIncome" xlink:title="Label : DeferredTaxExpenseIncome to label_DeferredTaxExpenseIncome" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxExpenseIncome_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredTaxExpenseIncome_1" xml:lang="en-US" id="label_DeferredTaxExpenseIncome_1">Deferred tax expense (income)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxExpenseIncome" xlink:to="label_DeferredTaxExpenseIncome_1" xlink:title="Label : DeferredTaxExpenseIncome to label_DeferredTaxExpenseIncome_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentTaxExpenseIncome" xlink:label="CurrentTaxExpenseIncome" xlink:title="CurrentTaxExpenseIncome" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxExpenseIncome" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CurrentTaxExpenseIncome" xml:lang="en-US" id="label_CurrentTaxExpenseIncome">Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxExpenseIncome" xlink:to="label_CurrentTaxExpenseIncome" xlink:title="Label : CurrentTaxExpenseIncome to label_CurrentTaxExpenseIncome" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxExpenseIncome_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentTaxExpenseIncome_1" xml:lang="en-US" id="label_CurrentTaxExpenseIncome_1">Current tax expense (income)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxExpenseIncome" xlink:to="label_CurrentTaxExpenseIncome_1" xlink:title="Label : CurrentTaxExpenseIncome to label_CurrentTaxExpenseIncome_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract" xlink:label="MajorComponentsOfTaxExpenseIncomeAbstract" xlink:title="MajorComponentsOfTaxExpenseIncomeAbstract" />
    <link:label xlink:type="resource" xlink:label="label_MajorComponentsOfTaxExpenseIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MajorComponentsOfTaxExpenseIncomeAbstract" xml:lang="en-US" id="label_MajorComponentsOfTaxExpenseIncomeAbstract">Income and social contribution taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorComponentsOfTaxExpenseIncomeAbstract" xlink:to="label_MajorComponentsOfTaxExpenseIncomeAbstract" xlink:title="Label : MajorComponentsOfTaxExpenseIncomeAbstract to label_MajorComponentsOfTaxExpenseIncomeAbstract" />
    <link:label xlink:type="resource" xlink:label="label_MajorComponentsOfTaxExpenseIncomeAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MajorComponentsOfTaxExpenseIncomeAbstract_1" xml:lang="en-US" id="label_MajorComponentsOfTaxExpenseIncomeAbstract_1">Major components of tax expense (income) [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorComponentsOfTaxExpenseIncomeAbstract" xlink:to="label_MajorComponentsOfTaxExpenseIncomeAbstract_1" xlink:title="Label : MajorComponentsOfTaxExpenseIncomeAbstract to label_MajorComponentsOfTaxExpenseIncomeAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProfitLossBeforeTax" xlink:label="ProfitLossBeforeTax" xlink:title="ProfitLossBeforeTax" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ProfitLossBeforeTax" xml:lang="en-US" id="label_ProfitLossBeforeTax">Income (loss) before income and social contribution taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossBeforeTax" xlink:to="label_ProfitLossBeforeTax" xlink:title="Label : ProfitLossBeforeTax to label_ProfitLossBeforeTax" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossBeforeTax_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLossBeforeTax_1" xml:lang="en-US" id="label_ProfitLossBeforeTax_1">Profit (loss) before tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossBeforeTax" xlink:to="label_ProfitLossBeforeTax_1" xlink:title="Label : ProfitLossBeforeTax to label_ProfitLossBeforeTax_1" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossBeforeTax_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ProfitLossBeforeTax_2" xml:lang="en-US" id="label_ProfitLossBeforeTax_2">Income before income and social contribution taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossBeforeTax" xlink:to="label_ProfitLossBeforeTax_2" xlink:title="Label : ProfitLossBeforeTax to label_ProfitLossBeforeTax_2" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossBeforeTax_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitLossBeforeTax_3" xml:lang="en-US" id="label_ProfitLossBeforeTax_3">Income before taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossBeforeTax" xlink:to="label_ProfitLossBeforeTax_3" xlink:title="Label : ProfitLossBeforeTax to label_ProfitLossBeforeTax_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FinanceIncomeCost" xlink:label="FinanceIncomeCost" xlink:title="FinanceIncomeCost" />
    <link:label xlink:type="resource" xlink:label="label_FinanceIncomeCost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinanceIncomeCost" xml:lang="en-US" id="label_FinanceIncomeCost">Financial result, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceIncomeCost" xlink:to="label_FinanceIncomeCost" xlink:title="Label : FinanceIncomeCost to label_FinanceIncomeCost" />
    <link:label xlink:type="resource" xlink:label="label_FinanceIncomeCost_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FinanceIncomeCost_1" xml:lang="en-US" id="label_FinanceIncomeCost_1">Financial income (expense)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceIncomeCost" xlink:to="label_FinanceIncomeCost_1" xlink:title="Label : FinanceIncomeCost to label_FinanceIncomeCost_1" />
    <link:label xlink:type="resource" xlink:label="label_FinanceIncomeCost_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_FinanceIncomeCost_2" xml:lang="en-US" id="label_FinanceIncomeCost_2">Financial result, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceIncomeCost" xlink:to="label_FinanceIncomeCost_2" xlink:title="Label : FinanceIncomeCost to label_FinanceIncomeCost_2" />
    <link:label xlink:type="resource" xlink:label="label_FinanceIncomeCost_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinanceIncomeCost_3" xml:lang="en-US" id="label_FinanceIncomeCost_3">Finance income (cost)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceIncomeCost" xlink:to="label_FinanceIncomeCost_3" xlink:title="Label : FinanceIncomeCost to label_FinanceIncomeCost_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FinanceCosts" xlink:label="FinanceCosts" xlink:title="FinanceCosts" />
    <link:label xlink:type="resource" xlink:label="label_FinanceCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinanceCosts" xml:lang="en-US" id="label_FinanceCosts">Finance costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceCosts" xlink:to="label_FinanceCosts" xlink:title="Label : FinanceCosts to label_FinanceCosts" />
    <link:label xlink:type="resource" xlink:label="label_FinanceCosts_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_FinanceCosts_1" xml:lang="en-US" id="label_FinanceCosts_1">Finance expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceCosts" xlink:to="label_FinanceCosts_1" xlink:title="Label : FinanceCosts to label_FinanceCosts_1" />
    <link:label xlink:type="resource" xlink:label="label_FinanceCosts_2" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:title="label_FinanceCosts_2" xml:lang="en-US" id="label_FinanceCosts_2">Finance expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceCosts" xlink:to="label_FinanceCosts_2" xlink:title="Label : FinanceCosts to label_FinanceCosts_2" />
    <link:label xlink:type="resource" xlink:label="label_FinanceCosts_3" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_FinanceCosts_3" xml:lang="en-US" id="label_FinanceCosts_3">Financial expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceCosts" xlink:to="label_FinanceCosts_3" xlink:title="Label : FinanceCosts to label_FinanceCosts_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FinanceIncome" xlink:label="FinanceIncome" xlink:title="FinanceIncome" />
    <link:label xlink:type="resource" xlink:label="label_FinanceIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinanceIncome" xml:lang="en-US" id="label_FinanceIncome">Finance income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceIncome" xlink:to="label_FinanceIncome" xlink:title="Label : FinanceIncome to label_FinanceIncome" />
    <link:label xlink:type="resource" xlink:label="label_FinanceIncome_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinanceIncome_1" xml:lang="en-US" id="label_FinanceIncome_1">Finance income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceIncome" xlink:to="label_FinanceIncome_1" xlink:title="Label : FinanceIncome to label_FinanceIncome_1" />
    <link:label xlink:type="resource" xlink:label="label_FinanceIncome_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_FinanceIncome_2" xml:lang="en-US" id="label_FinanceIncome_2">Finance income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceIncome" xlink:to="label_FinanceIncome_2" xlink:title="Label : FinanceIncome to label_FinanceIncome_2" />
    <link:label xlink:type="resource" xlink:label="label_FinanceIncome_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FinanceIncome_3" xml:lang="en-US" id="label_FinanceIncome_3">Financial income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceIncome" xlink:to="label_FinanceIncome_3" xlink:title="Label : FinanceIncome to label_FinanceIncome_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherOperatingIncomeExpense" xlink:label="OtherOperatingIncomeExpense" xlink:title="OtherOperatingIncomeExpense" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherOperatingIncomeExpense" xml:lang="en-US" id="label_OtherOperatingIncomeExpense">Costs, operating expenses and income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingIncomeExpense" xlink:to="label_OtherOperatingIncomeExpense" xlink:title="Label : OtherOperatingIncomeExpense to label_OtherOperatingIncomeExpense" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingIncomeExpense_1" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_OtherOperatingIncomeExpense_1" xml:lang="en-US" id="label_OtherOperatingIncomeExpense_1">Other operating income, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingIncomeExpense" xlink:to="label_OtherOperatingIncomeExpense_1" xlink:title="Label : OtherOperatingIncomeExpense to label_OtherOperatingIncomeExpense_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingIncomeExpense_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherOperatingIncomeExpense_2" xml:lang="en-US" id="label_OtherOperatingIncomeExpense_2">Other operating income (expense)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingIncomeExpense" xlink:to="label_OtherOperatingIncomeExpense_2" xlink:title="Label : OtherOperatingIncomeExpense to label_OtherOperatingIncomeExpense_2" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingIncomeExpense_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OtherOperatingIncomeExpense_3" xml:lang="en-US" id="label_OtherOperatingIncomeExpense_3">Other operating income (expenses), net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingIncomeExpense" xlink:to="label_OtherOperatingIncomeExpense_3" xlink:title="Label : OtherOperatingIncomeExpense to label_OtherOperatingIncomeExpense_3" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingIncomeExpense_4" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_OtherOperatingIncomeExpense_4" xml:lang="en-US" id="label_OtherOperatingIncomeExpense_4">Other operating income, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingIncomeExpense" xlink:to="label_OtherOperatingIncomeExpense_4" xlink:title="Label : OtherOperatingIncomeExpense to label_OtherOperatingIncomeExpense_4" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnDisposalsOfNoncurrentAssets_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_GainsLossesOnDisposalsOfNoncurrentAssets_2" xml:lang="en-US" id="label_GainsLossesOnDisposalsOfNoncurrentAssets_2">Results from disposal of property, plant and equipment and intangible assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnDisposalsOfNoncurrentAssets" xlink:to="label_GainsLossesOnDisposalsOfNoncurrentAssets_2" xlink:title="Label : GainsLossesOnDisposalsOfNoncurrentAssets to label_GainsLossesOnDisposalsOfNoncurrentAssets_2" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnDisposalsOfNoncurrentAssets_3" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_GainsLossesOnDisposalsOfNoncurrentAssets_3" xml:lang="en-US" id="label_GainsLossesOnDisposalsOfNoncurrentAssets_3">Results from disposal of property, plant and equipment and intangible assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnDisposalsOfNoncurrentAssets" xlink:to="label_GainsLossesOnDisposalsOfNoncurrentAssets_3" xlink:title="Label : GainsLossesOnDisposalsOfNoncurrentAssets to label_GainsLossesOnDisposalsOfNoncurrentAssets_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_GeneralAndAdministrativeExpense" xlink:label="GeneralAndAdministrativeExpense" xlink:title="GeneralAndAdministrativeExpense" />
    <link:label xlink:type="resource" xlink:label="label_GeneralAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_GeneralAndAdministrativeExpense" xml:lang="en-US" id="label_GeneralAndAdministrativeExpense">General and administrative</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeneralAndAdministrativeExpense" xlink:to="label_GeneralAndAdministrativeExpense" xlink:title="Label : GeneralAndAdministrativeExpense to label_GeneralAndAdministrativeExpense" />
    <link:label xlink:type="resource" xlink:label="label_GeneralAndAdministrativeExpense_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GeneralAndAdministrativeExpense_1" xml:lang="en-US" id="label_GeneralAndAdministrativeExpense_1">General and administrative expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeneralAndAdministrativeExpense" xlink:to="label_GeneralAndAdministrativeExpense_1" xlink:title="Label : GeneralAndAdministrativeExpense to label_GeneralAndAdministrativeExpense_1" />
    <link:label xlink:type="resource" xlink:label="label_GeneralAndAdministrativeExpense_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GeneralAndAdministrativeExpense_2" xml:lang="en-US" id="label_GeneralAndAdministrativeExpense_2">General and administrative expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeneralAndAdministrativeExpense" xlink:to="label_GeneralAndAdministrativeExpense_2" xlink:title="Label : GeneralAndAdministrativeExpense to label_GeneralAndAdministrativeExpense_2" />
    <link:label xlink:type="resource" xlink:label="label_GeneralAndAdministrativeExpense_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_GeneralAndAdministrativeExpense_3" xml:lang="en-US" id="label_GeneralAndAdministrativeExpense_3">General and administrative</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeneralAndAdministrativeExpense" xlink:to="label_GeneralAndAdministrativeExpense_3" xlink:title="Label : GeneralAndAdministrativeExpense to label_GeneralAndAdministrativeExpense_3" />
    <link:label xlink:type="resource" xlink:label="label_GeneralAndAdministrativeExpense_4" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_GeneralAndAdministrativeExpense_4" xml:lang="en-US" id="label_GeneralAndAdministrativeExpense_4">General and administrative</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeneralAndAdministrativeExpense" xlink:to="label_GeneralAndAdministrativeExpense_4" xlink:title="Label : GeneralAndAdministrativeExpense to label_GeneralAndAdministrativeExpense_4" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SalesAndMarketingExpense" xlink:label="SalesAndMarketingExpense" xlink:title="SalesAndMarketingExpense" />
    <link:label xlink:type="resource" xlink:label="label_SalesAndMarketingExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SalesAndMarketingExpense" xml:lang="en-US" id="label_SalesAndMarketingExpense">Selling and marketing</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SalesAndMarketingExpense" xlink:to="label_SalesAndMarketingExpense" xlink:title="Label : SalesAndMarketingExpense to label_SalesAndMarketingExpense" />
    <link:label xlink:type="resource" xlink:label="label_SalesAndMarketingExpense_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_SalesAndMarketingExpense_1" xml:lang="en-US" id="label_SalesAndMarketingExpense_1">Selling and marketing</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SalesAndMarketingExpense" xlink:to="label_SalesAndMarketingExpense_1" xlink:title="Label : SalesAndMarketingExpense to label_SalesAndMarketingExpense_1" />
    <link:label xlink:type="resource" xlink:label="label_SalesAndMarketingExpense_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SalesAndMarketingExpense_2" xml:lang="en-US" id="label_SalesAndMarketingExpense_2">Sales and marketing expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SalesAndMarketingExpense" xlink:to="label_SalesAndMarketingExpense_2" xlink:title="Label : SalesAndMarketingExpense to label_SalesAndMarketingExpense_2" />
    <link:label xlink:type="resource" xlink:label="label_SalesAndMarketingExpense_3" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_SalesAndMarketingExpense_3" xml:lang="en-US" id="label_SalesAndMarketingExpense_3">Selling, marketing and administrative</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SalesAndMarketingExpense" xlink:to="label_SalesAndMarketingExpense_3" xlink:title="Label : SalesAndMarketingExpense to label_SalesAndMarketingExpense_3" />
    <link:label xlink:type="resource" xlink:label="label_OperatingIncomeExpensesAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingIncomeExpensesAbstract_1" xml:lang="en-US" id="label_OperatingIncomeExpensesAbstract_1">Operating Income Expenses [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingIncomeExpensesAbstract" xlink:to="label_OperatingIncomeExpensesAbstract_1" xlink:title="Label : OperatingIncomeExpensesAbstract to label_OperatingIncomeExpensesAbstract_1" />
    <link:label xlink:type="resource" xlink:label="label_OperatingIncomeExpensesAbstract_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperatingIncomeExpensesAbstract_2" xml:lang="en-US" id="label_OperatingIncomeExpensesAbstract_2">Operating income (expenses)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingIncomeExpensesAbstract" xlink:to="label_OperatingIncomeExpensesAbstract_2" xlink:title="Label : OperatingIncomeExpensesAbstract to label_OperatingIncomeExpensesAbstract_2" />
    <link:label xlink:type="resource" xlink:label="label_OperatingIncomeExpensesAbstract_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OperatingIncomeExpensesAbstract_3" xml:lang="en-US" id="label_OperatingIncomeExpensesAbstract_3">Operating Income Expenses [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingIncomeExpensesAbstract" xlink:to="label_OperatingIncomeExpensesAbstract_3" xlink:title="Label : OperatingIncomeExpensesAbstract to label_OperatingIncomeExpensesAbstract_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_GrossProfit" xlink:label="GrossProfit" xlink:title="GrossProfit" />
    <link:label xlink:type="resource" xlink:label="label_GrossProfit" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GrossProfit" xml:lang="en-US" id="label_GrossProfit">Gross profit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrossProfit" xlink:to="label_GrossProfit" xlink:title="Label : GrossProfit to label_GrossProfit" />
    <link:label xlink:type="resource" xlink:label="label_GrossProfit_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GrossProfit_1" xml:lang="en-US" id="label_GrossProfit_1">Gross profit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrossProfit" xlink:to="label_GrossProfit_1" xlink:title="Label : GrossProfit to label_GrossProfit_1" />
    <link:label xlink:type="resource" xlink:label="label_GrossProfit_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_GrossProfit_2" xml:lang="en-US" id="label_GrossProfit_2">Gross profit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrossProfit" xlink:to="label_GrossProfit_2" xlink:title="Label : GrossProfit to label_GrossProfit_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CostOfSales" xlink:label="CostOfSales" xlink:title="CostOfSales" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSales" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_CostOfSales" xml:lang="en-US" id="label_CostOfSales">Cost of products and services sold</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSales" xlink:to="label_CostOfSales" xlink:title="Label : CostOfSales to label_CostOfSales" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSales_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CostOfSales_1" xml:lang="en-US" id="label_CostOfSales_1">Cost of sales</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSales" xlink:to="label_CostOfSales_1" xlink:title="Label : CostOfSales to label_CostOfSales_1" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSales_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CostOfSales_2" xml:lang="en-US" id="label_CostOfSales_2">Cost of products and services sold</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSales" xlink:to="label_CostOfSales_2" xlink:title="Label : CostOfSales to label_CostOfSales_2" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSales_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CostOfSales_3" xml:lang="en-US" id="label_CostOfSales_3">Cost of products and services sold</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSales" xlink:to="label_CostOfSales_3" xlink:title="Label : CostOfSales to label_CostOfSales_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_Revenue" xlink:label="Revenue" xlink:title="Revenue" />
    <link:label xlink:type="resource" xlink:label="label_Revenue" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_Revenue" xml:lang="en-US" id="label_Revenue">Net revenue from sales and services</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Revenue" xlink:to="label_Revenue" xlink:title="Label : Revenue to label_Revenue" />
    <link:label xlink:type="resource" xlink:label="label_Revenue_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_Revenue_1" xml:lang="en-US" id="label_Revenue_1">Revenue</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Revenue" xlink:to="label_Revenue_1" xlink:title="Label : Revenue to label_Revenue_1" />
    <link:label xlink:type="resource" xlink:label="label_Revenue_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_Revenue_2" xml:lang="en-US" id="label_Revenue_2">Net revenue from sales and services</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Revenue" xlink:to="label_Revenue_2" xlink:title="Label : Revenue to label_Revenue_2" />
    <link:label xlink:type="resource" xlink:label="label_Revenue_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Revenue_3" xml:lang="en-US" id="label_Revenue_3">Net revenue</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Revenue" xlink:to="label_Revenue_3" xlink:title="Label : Revenue to label_Revenue_3" />
    <link:label xlink:type="resource" xlink:label="label_Revenue_4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Revenue_4" xml:lang="en-US" id="label_Revenue_4">Revenue</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Revenue" xlink:to="label_Revenue_4" xlink:title="Label : Revenue to label_Revenue_4" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ProfitLossFromContinuingOperationsAbstract" xlink:label="ProfitLossFromContinuingOperationsAbstract" xlink:title="ProfitLossFromContinuingOperationsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossFromContinuingOperationsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLossFromContinuingOperationsAbstract" xml:lang="en-US" id="label_ProfitLossFromContinuingOperationsAbstract">Profit Loss From Continuing Operations [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossFromContinuingOperationsAbstract" xlink:to="label_ProfitLossFromContinuingOperationsAbstract" xlink:title="Label : ProfitLossFromContinuingOperationsAbstract to label_ProfitLossFromContinuingOperationsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossFromContinuingOperationsAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitLossFromContinuingOperationsAbstract_1" xml:lang="en-US" id="label_ProfitLossFromContinuingOperationsAbstract_1">Continuing operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossFromContinuingOperationsAbstract" xlink:to="label_ProfitLossFromContinuingOperationsAbstract_1" xlink:title="Label : ProfitLossFromContinuingOperationsAbstract to label_ProfitLossFromContinuingOperationsAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IncomeStatementAbstract" xlink:label="IncomeStatementAbstract" xlink:title="IncomeStatementAbstract" />
    <link:label xlink:type="resource" xlink:label="label_IncomeStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeStatementAbstract" xml:lang="en-US" id="label_IncomeStatementAbstract">Consolidated statements of income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeStatementAbstract" xlink:to="label_IncomeStatementAbstract" xlink:title="Label : IncomeStatementAbstract to label_IncomeStatementAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_EquityAndLiabilities" xlink:label="EquityAndLiabilities" xlink:title="EquityAndLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_EquityAndLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_EquityAndLiabilities" xml:lang="en-US" id="label_EquityAndLiabilities">Total liabilities and equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAndLiabilities" xlink:to="label_EquityAndLiabilities" xlink:title="Label : EquityAndLiabilities to label_EquityAndLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_EquityAndLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityAndLiabilities_1" xml:lang="en-US" id="label_EquityAndLiabilities_1">Equity and liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAndLiabilities" xlink:to="label_EquityAndLiabilities_1" xlink:title="Label : EquityAndLiabilities to label_EquityAndLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_Equity" xlink:label="Equity" xlink:title="Equity" />
    <link:label xlink:type="resource" xlink:label="label_Equity" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_Equity" xml:lang="en-US" id="label_Equity">Equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Equity" xlink:to="label_Equity" xlink:title="Label : Equity to label_Equity" />
    <link:label xlink:type="resource" xlink:label="label_Equity_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Equity_1" xml:lang="en-US" id="label_Equity_1">Equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Equity" xlink:to="label_Equity_1" xlink:title="Label : Equity to label_Equity_1" />
    <link:label xlink:type="resource" xlink:label="label_Equity_2" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_Equity_2" xml:lang="en-US" id="label_Equity_2">Ending balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Equity" xlink:to="label_Equity_2" xlink:title="Label : Equity to label_Equity_2" />
    <link:label xlink:type="resource" xlink:label="label_Equity_3" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_Equity_3" xml:lang="en-US" id="label_Equity_3">Beginning balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Equity" xlink:to="label_Equity_3" xlink:title="Label : Equity to label_Equity_3" />
    <link:label xlink:type="resource" xlink:label="label_Equity_4" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_Equity_4" xml:lang="en-US" id="label_Equity_4">Total equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Equity" xlink:to="label_Equity_4" xlink:title="Label : Equity to label_Equity_4" />
    <link:label xlink:type="resource" xlink:label="label_Equity_5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Equity_5" xml:lang="en-US" id="label_Equity_5">Equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Equity" xlink:to="label_Equity_5" xlink:title="Label : Equity to label_Equity_5" />
    <link:label xlink:type="resource" xlink:label="label_Equity_6" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_Equity_6" xml:lang="en-US" id="label_Equity_6">Total equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Equity" xlink:to="label_Equity_6" xlink:title="Label : Equity to label_Equity_6" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncontrollingInterests" xlink:label="NoncontrollingInterests" xlink:title="NoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncontrollingInterests" xml:lang="en-US" id="label_NoncontrollingInterests">Non-controlling interests in subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterests" xlink:to="label_NoncontrollingInterests" xlink:title="Label : NoncontrollingInterests to label_NoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterests_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncontrollingInterests_1" xml:lang="en-US" id="label_NoncontrollingInterests_1">Non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterests" xlink:to="label_NoncontrollingInterests_1" xlink:title="Label : NoncontrollingInterests to label_NoncontrollingInterests_1" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterests_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NoncontrollingInterests_2" xml:lang="en-US" id="label_NoncontrollingInterests_2">Equity attributable to non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterests" xlink:to="label_NoncontrollingInterests_2" xlink:title="Label : NoncontrollingInterests to label_NoncontrollingInterests_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_EquityAttributableToOwnersOfParent" xlink:label="EquityAttributableToOwnersOfParent" xlink:title="EquityAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:label="label_EquityAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_EquityAttributableToOwnersOfParent" xml:lang="en-US" id="label_EquityAttributableToOwnersOfParent">Shareholders of Ultrapar</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAttributableToOwnersOfParent" xlink:to="label_EquityAttributableToOwnersOfParent" xlink:title="Label : EquityAttributableToOwnersOfParent to label_EquityAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:label="label_EquityAttributableToOwnersOfParent_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityAttributableToOwnersOfParent_1" xml:lang="en-US" id="label_EquityAttributableToOwnersOfParent_1">Equity attributable to owners of parent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAttributableToOwnersOfParent" xlink:to="label_EquityAttributableToOwnersOfParent_1" xlink:title="Label : EquityAttributableToOwnersOfParent to label_EquityAttributableToOwnersOfParent_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ShareholdersEquityAttributableToAbstract" xlink:label="ShareholdersEquityAttributableToAbstract" xlink:title="ShareholdersEquityAttributableToAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ShareholdersEquityAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ShareholdersEquityAttributableToAbstract" xml:lang="en-US" id="label_ShareholdersEquityAttributableToAbstract">Shareholders Equity Attributable to [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareholdersEquityAttributableToAbstract" xlink:to="label_ShareholdersEquityAttributableToAbstract" xlink:title="Label : ShareholdersEquityAttributableToAbstract to label_ShareholdersEquityAttributableToAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ShareholdersEquityAttributableToAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShareholdersEquityAttributableToAbstract_1" xml:lang="en-US" id="label_ShareholdersEquityAttributableToAbstract_1">Equity attributable to:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareholdersEquityAttributableToAbstract" xlink:to="label_ShareholdersEquityAttributableToAbstract_1" xlink:title="Label : ShareholdersEquityAttributableToAbstract to label_ShareholdersEquityAttributableToAbstract_1" />
    <link:label xlink:type="resource" xlink:label="label_ShareholdersEquityAttributableToAbstract_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareholdersEquityAttributableToAbstract_2" xml:lang="en-US" id="label_ShareholdersEquityAttributableToAbstract_2">Shareholders Equity Attributable to [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareholdersEquityAttributableToAbstract" xlink:to="label_ShareholdersEquityAttributableToAbstract_2" xlink:title="Label : ShareholdersEquityAttributableToAbstract to label_ShareholdersEquityAttributableToAbstract_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdditionalDividendsMinimumMandatoryDividends" xlink:label="AdditionalDividendsMinimumMandatoryDividends" xlink:title="AdditionalDividendsMinimumMandatoryDividends" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalDividendsMinimumMandatoryDividends" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionalDividendsMinimumMandatoryDividends" xml:lang="en-US" id="label_AdditionalDividendsMinimumMandatoryDividends">Additional Dividends Minimum Mandatory Dividends</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalDividendsMinimumMandatoryDividends" xlink:to="label_AdditionalDividendsMinimumMandatoryDividends" xlink:title="Label : AdditionalDividendsMinimumMandatoryDividends to label_AdditionalDividendsMinimumMandatoryDividends" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalDividendsMinimumMandatoryDividends_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdditionalDividendsMinimumMandatoryDividends_1" xml:lang="en-US" id="label_AdditionalDividendsMinimumMandatoryDividends_1">Additional dividends to the minimum mandatory dividends</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalDividendsMinimumMandatoryDividends" xlink:to="label_AdditionalDividendsMinimumMandatoryDividends_1" xlink:title="Label : AdditionalDividendsMinimumMandatoryDividends to label_AdditionalDividendsMinimumMandatoryDividends_1" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalDividendsMinimumMandatoryDividends_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdditionalDividendsMinimumMandatoryDividends_2" xml:lang="en-US" id="label_AdditionalDividendsMinimumMandatoryDividends_2">The Additional dividends to the minimum mandatory amount recognised as distributions to owners during the period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalDividendsMinimumMandatoryDividends" xlink:to="label_AdditionalDividendsMinimumMandatoryDividends_2" xlink:title="Label : AdditionalDividendsMinimumMandatoryDividends to label_AdditionalDividendsMinimumMandatoryDividends_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AccumulatedOtherComprehensiveIncome" xlink:label="AccumulatedOtherComprehensiveIncome" xlink:title="AccumulatedOtherComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AccumulatedOtherComprehensiveIncome" xml:lang="en-US" id="label_AccumulatedOtherComprehensiveIncome">Accumulated other comprehensive income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedOtherComprehensiveIncome" xlink:to="label_AccumulatedOtherComprehensiveIncome" xlink:title="Label : AccumulatedOtherComprehensiveIncome to label_AccumulatedOtherComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedOtherComprehensiveIncome_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccumulatedOtherComprehensiveIncome_1" xml:lang="en-US" id="label_AccumulatedOtherComprehensiveIncome_1">Accumulated other comprehensive income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedOtherComprehensiveIncome" xlink:to="label_AccumulatedOtherComprehensiveIncome_1" xlink:title="Label : AccumulatedOtherComprehensiveIncome to label_AccumulatedOtherComprehensiveIncome_1" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedOtherComprehensiveIncome_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccumulatedOtherComprehensiveIncome_2" xml:lang="en-US" id="label_AccumulatedOtherComprehensiveIncome_2">Other comprehensive income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedOtherComprehensiveIncome" xlink:to="label_AccumulatedOtherComprehensiveIncome_2" xlink:title="Label : AccumulatedOtherComprehensiveIncome to label_AccumulatedOtherComprehensiveIncome_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ProfitReserves" xlink:label="ProfitReserves" xlink:title="ProfitReserves" />
    <link:label xlink:type="resource" xlink:label="label_ProfitReserves" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProfitReserves" xml:lang="en-US" id="label_ProfitReserves">A component of equity representing profit reserves which includes legal reserve and investments statutory reserve.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitReserves" xlink:to="label_ProfitReserves" xlink:title="Label : ProfitReserves to label_ProfitReserves" />
    <link:label xlink:type="resource" xlink:label="label_ProfitReserves_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitReserves_1" xml:lang="en-US" id="label_ProfitReserves_1">Profit reserves</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitReserves" xlink:to="label_ProfitReserves_1" xlink:title="Label : ProfitReserves to label_ProfitReserves_1" />
    <link:label xlink:type="resource" xlink:label="label_ProfitReserves_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitReserves_2" xml:lang="en-US" id="label_ProfitReserves_2">Profit reserves</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitReserves" xlink:to="label_ProfitReserves_2" xlink:title="Label : ProfitReserves to label_ProfitReserves_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherReserves" xlink:label="OtherReserves" xlink:title="OtherReserves" />
    <link:label xlink:type="resource" xlink:label="label_OtherReserves" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherReserves" xml:lang="en-US" id="label_OtherReserves">Other reserves</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReserves" xlink:to="label_OtherReserves" xlink:title="Label : OtherReserves to label_OtherReserves" />
    <link:label xlink:type="resource" xlink:label="label_OtherReserves_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherReserves_1" xml:lang="en-US" id="label_OtherReserves_1">Revaluation reserve of subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReserves" xlink:to="label_OtherReserves_1" xlink:title="Label : OtherReserves to label_OtherReserves_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TreasuryShares" xlink:label="TreasuryShares" xlink:title="TreasuryShares" />
    <link:label xlink:type="resource" xlink:label="label_TreasuryShares" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_TreasuryShares" xml:lang="en-US" id="label_TreasuryShares">Treasury shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TreasuryShares" xlink:to="label_TreasuryShares" xlink:title="Label : TreasuryShares to label_TreasuryShares" />
    <link:label xlink:type="resource" xlink:label="label_TreasuryShares_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TreasuryShares_1" xml:lang="en-US" id="label_TreasuryShares_1">Treasury shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TreasuryShares" xlink:to="label_TreasuryShares_1" xlink:title="Label : TreasuryShares to label_TreasuryShares_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CapitalReserve" xlink:label="CapitalReserve" xlink:title="CapitalReserve" />
    <link:label xlink:type="resource" xlink:label="label_CapitalReserve" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CapitalReserve" xml:lang="en-US" id="label_CapitalReserve">Capital reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitalReserve" xlink:to="label_CapitalReserve" xlink:title="Label : CapitalReserve to label_CapitalReserve" />
    <link:label xlink:type="resource" xlink:label="label_CapitalReserve_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CapitalReserve_1" xml:lang="en-US" id="label_CapitalReserve_1">Capital reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitalReserve" xlink:to="label_CapitalReserve_1" xlink:title="Label : CapitalReserve to label_CapitalReserve_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_EquityInstrumentsGranted" xlink:label="EquityInstrumentsGranted" xlink:title="EquityInstrumentsGranted" />
    <link:label xlink:type="resource" xlink:label="label_EquityInstrumentsGranted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityInstrumentsGranted" xml:lang="en-US" id="label_EquityInstrumentsGranted">Equity instruments granted</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityInstrumentsGranted" xlink:to="label_EquityInstrumentsGranted" xlink:title="Label : EquityInstrumentsGranted to label_EquityInstrumentsGranted" />
    <link:label xlink:type="resource" xlink:label="label_EquityInstrumentsGranted_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EquityInstrumentsGranted_1" xml:lang="en-US" id="label_EquityInstrumentsGranted_1">Equity instrument granted</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityInstrumentsGranted" xlink:to="label_EquityInstrumentsGranted_1" xlink:title="Label : EquityInstrumentsGranted to label_EquityInstrumentsGranted_1" />
    <link:label xlink:type="resource" xlink:label="label_EquityInstrumentsGranted_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EquityInstrumentsGranted_2" xml:lang="en-US" id="label_EquityInstrumentsGranted_2">A component of equity representing equity instrument granted.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityInstrumentsGranted" xlink:to="label_EquityInstrumentsGranted_2" xlink:title="Label : EquityInstrumentsGranted to label_EquityInstrumentsGranted_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IssuedCapital" xlink:label="IssuedCapital" xlink:title="IssuedCapital" />
    <link:label xlink:type="resource" xlink:label="label_IssuedCapital" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IssuedCapital" xml:lang="en-US" id="label_IssuedCapital">Share capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedCapital" xlink:to="label_IssuedCapital" xlink:title="Label : IssuedCapital to label_IssuedCapital" />
    <link:label xlink:type="resource" xlink:label="label_IssuedCapital_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IssuedCapital_1" xml:lang="en-US" id="label_IssuedCapital_1">Issued capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedCapital" xlink:to="label_IssuedCapital_1" xlink:title="Label : IssuedCapital to label_IssuedCapital_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_EquityAbstract" xlink:label="EquityAbstract" xlink:title="EquityAbstract" />
    <link:label xlink:type="resource" xlink:label="label_EquityAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EquityAbstract" xml:lang="en-US" id="label_EquityAbstract">Equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAbstract" xlink:to="label_EquityAbstract" xlink:title="Label : EquityAbstract to label_EquityAbstract" />
    <link:label xlink:type="resource" xlink:label="label_EquityAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityAbstract_1" xml:lang="en-US" id="label_EquityAbstract_1">Equity [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAbstract" xlink:to="label_EquityAbstract_1" xlink:title="Label : EquityAbstract to label_EquityAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncurrentLiabilities" xlink:label="NoncurrentLiabilities" xlink:title="NoncurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentLiabilities" xml:lang="en-US" id="label_NoncurrentLiabilities">Non-current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLiabilities" xlink:to="label_NoncurrentLiabilities" xlink:title="Label : NoncurrentLiabilities to label_NoncurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_NoncurrentLiabilities_1" xml:lang="en-US" id="label_NoncurrentLiabilities_1">Total non-current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLiabilities" xlink:to="label_NoncurrentLiabilities_1" xlink:title="Label : NoncurrentLiabilities to label_NoncurrentLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentLiabilities_2" xml:lang="en-US" id="label_NoncurrentLiabilities_2">Non-current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLiabilities" xlink:to="label_NoncurrentLiabilities_2" xlink:title="Label : NoncurrentLiabilities to label_NoncurrentLiabilities_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherNoncurrentPayables" xlink:label="OtherNoncurrentPayables" xlink:title="OtherNoncurrentPayables" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentPayables" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OtherNoncurrentPayables" xml:lang="en-US" id="label_OtherNoncurrentPayables">Other payables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentPayables" xlink:to="label_OtherNoncurrentPayables" xlink:title="Label : OtherNoncurrentPayables to label_OtherNoncurrentPayables" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentPayables_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherNoncurrentPayables_1" xml:lang="en-US" id="label_OtherNoncurrentPayables_1">Other non-current payables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentPayables" xlink:to="label_OtherNoncurrentPayables_1" xlink:title="Label : OtherNoncurrentPayables to label_OtherNoncurrentPayables_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NonCurrentIndemnificationForSubscriptionWarrants" xlink:label="NonCurrentIndemnificationForSubscriptionWarrants" xlink:title="NonCurrentIndemnificationForSubscriptionWarrants" />
    <link:label xlink:type="resource" xlink:label="label_NonCurrentIndemnificationForSubscriptionWarrants" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NonCurrentIndemnificationForSubscriptionWarrants" xml:lang="en-US" id="label_NonCurrentIndemnificationForSubscriptionWarrants">Non Current Indemnification For Subscription Warrants</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCurrentIndemnificationForSubscriptionWarrants" xlink:to="label_NonCurrentIndemnificationForSubscriptionWarrants" xlink:title="Label : NonCurrentIndemnificationForSubscriptionWarrants to label_NonCurrentIndemnificationForSubscriptionWarrants" />
    <link:label xlink:type="resource" xlink:label="label_NonCurrentIndemnificationForSubscriptionWarrants_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NonCurrentIndemnificationForSubscriptionWarrants_1" xml:lang="en-US" id="label_NonCurrentIndemnificationForSubscriptionWarrants_1">Subscription warrants - indemnification</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCurrentIndemnificationForSubscriptionWarrants" xlink:to="label_NonCurrentIndemnificationForSubscriptionWarrants_1" xlink:title="Label : NonCurrentIndemnificationForSubscriptionWarrants to label_NonCurrentIndemnificationForSubscriptionWarrants_1" />
    <link:label xlink:type="resource" xlink:label="label_NonCurrentIndemnificationForSubscriptionWarrants_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NonCurrentIndemnificationForSubscriptionWarrants_2" xml:lang="en-US" id="label_NonCurrentIndemnificationForSubscriptionWarrants_2">The amount of non-current indemnification for subscription warrants.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCurrentIndemnificationForSubscriptionWarrants" xlink:to="label_NonCurrentIndemnificationForSubscriptionWarrants_2" xlink:title="Label : NonCurrentIndemnificationForSubscriptionWarrants to label_NonCurrentIndemnificationForSubscriptionWarrants_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NonCurrentFinancialLiabilitiesOfCustomers" xlink:label="NonCurrentFinancialLiabilitiesOfCustomers" xlink:title="NonCurrentFinancialLiabilitiesOfCustomers" />
    <link:label xlink:type="resource" xlink:label="label_NonCurrentFinancialLiabilitiesOfCustomers" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NonCurrentFinancialLiabilitiesOfCustomers" xml:lang="en-US" id="label_NonCurrentFinancialLiabilitiesOfCustomers">The amount of non-current financial liabilities of customers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCurrentFinancialLiabilitiesOfCustomers" xlink:to="label_NonCurrentFinancialLiabilitiesOfCustomers" xlink:title="Label : NonCurrentFinancialLiabilitiesOfCustomers to label_NonCurrentFinancialLiabilitiesOfCustomers" />
    <link:label xlink:type="resource" xlink:label="label_NonCurrentFinancialLiabilitiesOfCustomers_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NonCurrentFinancialLiabilitiesOfCustomers_1" xml:lang="en-US" id="label_NonCurrentFinancialLiabilitiesOfCustomers_1">Financial liabilities of customers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCurrentFinancialLiabilitiesOfCustomers" xlink:to="label_NonCurrentFinancialLiabilitiesOfCustomers_1" xlink:title="Label : NonCurrentFinancialLiabilitiesOfCustomers to label_NonCurrentFinancialLiabilitiesOfCustomers_1" />
    <link:label xlink:type="resource" xlink:label="label_NonCurrentFinancialLiabilitiesOfCustomers_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NonCurrentFinancialLiabilitiesOfCustomers_2" xml:lang="en-US" id="label_NonCurrentFinancialLiabilitiesOfCustomers_2">Non-current financial liabilities of customer</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCurrentFinancialLiabilitiesOfCustomers" xlink:to="label_NonCurrentFinancialLiabilitiesOfCustomers_2" xlink:title="Label : NonCurrentFinancialLiabilitiesOfCustomers to label_NonCurrentFinancialLiabilitiesOfCustomers_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncurrentLeaseLiabilities" xlink:label="NoncurrentLeaseLiabilities" xlink:title="NoncurrentLeaseLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NoncurrentLeaseLiabilities" xml:lang="en-US" id="label_NoncurrentLeaseLiabilities">Leases payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLeaseLiabilities" xlink:to="label_NoncurrentLeaseLiabilities" xlink:title="Label : NoncurrentLeaseLiabilities to label_NoncurrentLeaseLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentLeaseLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentLeaseLiabilities_1" xml:lang="en-US" id="label_NoncurrentLeaseLiabilities_1">Non-current lease liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLeaseLiabilities" xlink:to="label_NoncurrentLeaseLiabilities_1" xlink:title="Label : NoncurrentLeaseLiabilities to label_NoncurrentLeaseLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentLeaseLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentLeaseLiabilities_2" xml:lang="en-US" id="label_NoncurrentLeaseLiabilities_2">Non-current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLeaseLiabilities" xlink:to="label_NoncurrentLeaseLiabilities_2" xlink:title="Label : NoncurrentLeaseLiabilities to label_NoncurrentLeaseLiabilities_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LongtermLegalProceedingsProvision" xlink:label="LongtermLegalProceedingsProvision" xlink:title="LongtermLegalProceedingsProvision" />
    <link:label xlink:type="resource" xlink:label="label_LongtermLegalProceedingsProvision" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LongtermLegalProceedingsProvision" xml:lang="en-US" id="label_LongtermLegalProceedingsProvision">Non-current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongtermLegalProceedingsProvision" xlink:to="label_LongtermLegalProceedingsProvision" xlink:title="Label : LongtermLegalProceedingsProvision to label_LongtermLegalProceedingsProvision" />
    <link:label xlink:type="resource" xlink:label="label_LongtermLegalProceedingsProvision_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongtermLegalProceedingsProvision_1" xml:lang="en-US" id="label_LongtermLegalProceedingsProvision_1">Non-current legal proceedings provision</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongtermLegalProceedingsProvision" xlink:to="label_LongtermLegalProceedingsProvision_1" xlink:title="Label : LongtermLegalProceedingsProvision to label_LongtermLegalProceedingsProvision_1" />
    <link:label xlink:type="resource" xlink:label="label_LongtermLegalProceedingsProvision_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongtermLegalProceedingsProvision_2" xml:lang="en-US" id="label_LongtermLegalProceedingsProvision_2">Provisions for tax, civil and labor risks</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongtermLegalProceedingsProvision" xlink:to="label_LongtermLegalProceedingsProvision_2" xlink:title="Label : LongtermLegalProceedingsProvision to label_LongtermLegalProceedingsProvision_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncurrentProvisionsForEmployeeBenefits" xlink:label="NoncurrentProvisionsForEmployeeBenefits" xlink:title="NoncurrentProvisionsForEmployeeBenefits" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentProvisionsForEmployeeBenefits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentProvisionsForEmployeeBenefits" xml:lang="en-US" id="label_NoncurrentProvisionsForEmployeeBenefits">Non-current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentProvisionsForEmployeeBenefits" xlink:to="label_NoncurrentProvisionsForEmployeeBenefits" xlink:title="Label : NoncurrentProvisionsForEmployeeBenefits to label_NoncurrentProvisionsForEmployeeBenefits" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentProvisionsForEmployeeBenefits_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NoncurrentProvisionsForEmployeeBenefits_1" xml:lang="en-US" id="label_NoncurrentProvisionsForEmployeeBenefits_1">Post-employment benefits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentProvisionsForEmployeeBenefits" xlink:to="label_NoncurrentProvisionsForEmployeeBenefits_1" xlink:title="Label : NoncurrentProvisionsForEmployeeBenefits to label_NoncurrentProvisionsForEmployeeBenefits_1" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentProvisionsForEmployeeBenefits_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentProvisionsForEmployeeBenefits_2" xml:lang="en-US" id="label_NoncurrentProvisionsForEmployeeBenefits_2">Non-current provisions for employee benefits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentProvisionsForEmployeeBenefits" xlink:to="label_NoncurrentProvisionsForEmployeeBenefits_2" xlink:title="Label : NoncurrentProvisionsForEmployeeBenefits to label_NoncurrentProvisionsForEmployeeBenefits_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DeferredTaxLiabilities" xlink:label="DeferredTaxLiabilities" xlink:title="DeferredTaxLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredTaxLiabilities" xml:lang="en-US" id="label_DeferredTaxLiabilities">Deferred tax liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxLiabilities" xlink:to="label_DeferredTaxLiabilities" xlink:title="Label : DeferredTaxLiabilities to label_DeferredTaxLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredTaxLiabilities_1" xml:lang="en-US" id="label_DeferredTaxLiabilities_1">Deferred income and social contribution taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxLiabilities" xlink:to="label_DeferredTaxLiabilities_1" xlink:title="Label : DeferredTaxLiabilities to label_DeferredTaxLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_DeferredTaxLiabilities_2" xml:lang="en-US" id="label_DeferredTaxLiabilities_2">Net balances presented in liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxLiabilities" xlink:to="label_DeferredTaxLiabilities_2" xlink:title="Label : DeferredTaxLiabilities to label_DeferredTaxLiabilities_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncurrentPayablesToRelatedParties" xlink:label="NoncurrentPayablesToRelatedParties" xlink:title="NoncurrentPayablesToRelatedParties" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentPayablesToRelatedParties" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentPayablesToRelatedParties" xml:lang="en-US" id="label_NoncurrentPayablesToRelatedParties">Related parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentPayablesToRelatedParties" xlink:to="label_NoncurrentPayablesToRelatedParties" xlink:title="Label : NoncurrentPayablesToRelatedParties to label_NoncurrentPayablesToRelatedParties" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentPayablesToRelatedParties_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentPayablesToRelatedParties_1" xml:lang="en-US" id="label_NoncurrentPayablesToRelatedParties_1">Non-current payables to related parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentPayablesToRelatedParties" xlink:to="label_NoncurrentPayablesToRelatedParties_1" xlink:title="Label : NoncurrentPayablesToRelatedParties to label_NoncurrentPayablesToRelatedParties_1" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued_1" xml:lang="en-US" id="label_NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued_1">Debentures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued" xlink:to="label_NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued_1" xlink:title="Label : NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued to label_NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LoansFinancingAndHedgingInstrumentsNonCurrent" xlink:label="LoansFinancingAndHedgingInstrumentsNonCurrent" xlink:title="LoansFinancingAndHedgingInstrumentsNonCurrent" />
    <link:label xlink:type="resource" xlink:label="label_LoansFinancingAndHedgingInstrumentsNonCurrent" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LoansFinancingAndHedgingInstrumentsNonCurrent" xml:lang="en-US" id="label_LoansFinancingAndHedgingInstrumentsNonCurrent">Loans, financing and derivative financial instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansFinancingAndHedgingInstrumentsNonCurrent" xlink:to="label_LoansFinancingAndHedgingInstrumentsNonCurrent" xlink:title="Label : LoansFinancingAndHedgingInstrumentsNonCurrent to label_LoansFinancingAndHedgingInstrumentsNonCurrent" />
    <link:label xlink:type="resource" xlink:label="label_LoansFinancingAndHedgingInstrumentsNonCurrent_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoansFinancingAndHedgingInstrumentsNonCurrent_1" xml:lang="en-US" id="label_LoansFinancingAndHedgingInstrumentsNonCurrent_1">Loans, financing and hedging instruments non current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansFinancingAndHedgingInstrumentsNonCurrent" xlink:to="label_LoansFinancingAndHedgingInstrumentsNonCurrent_1" xlink:title="Label : LoansFinancingAndHedgingInstrumentsNonCurrent to label_LoansFinancingAndHedgingInstrumentsNonCurrent_1" />
    <link:label xlink:type="resource" xlink:label="label_LoansFinancingAndHedgingInstrumentsNonCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LoansFinancingAndHedgingInstrumentsNonCurrent_2" xml:lang="en-US" id="label_LoansFinancingAndHedgingInstrumentsNonCurrent_2">Loans, financing and hedge derivative financial instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansFinancingAndHedgingInstrumentsNonCurrent" xlink:to="label_LoansFinancingAndHedgingInstrumentsNonCurrent_2" xlink:title="Label : LoansFinancingAndHedgingInstrumentsNonCurrent to label_LoansFinancingAndHedgingInstrumentsNonCurrent_2" />
    <link:label xlink:type="resource" xlink:label="label_LoansFinancingAndHedgingInstrumentsNonCurrent_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LoansFinancingAndHedgingInstrumentsNonCurrent_3" xml:lang="en-US" id="label_LoansFinancingAndHedgingInstrumentsNonCurrent_3">The amount of non-current loans, financing and hedge derivative financial instruments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansFinancingAndHedgingInstrumentsNonCurrent" xlink:to="label_LoansFinancingAndHedgingInstrumentsNonCurrent_3" xlink:title="Label : LoansFinancingAndHedgingInstrumentsNonCurrent to label_LoansFinancingAndHedgingInstrumentsNonCurrent_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncurrentLiabilitiesAbstract" xlink:label="NoncurrentLiabilitiesAbstract" xlink:title="NoncurrentLiabilitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentLiabilitiesAbstract" xml:lang="en-US" id="label_NoncurrentLiabilitiesAbstract">Non-current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLiabilitiesAbstract" xlink:to="label_NoncurrentLiabilitiesAbstract" xlink:title="Label : NoncurrentLiabilitiesAbstract to label_NoncurrentLiabilitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentLiabilitiesAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentLiabilitiesAbstract_1" xml:lang="en-US" id="label_NoncurrentLiabilitiesAbstract_1">Non-current liabilities [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLiabilitiesAbstract" xlink:to="label_NoncurrentLiabilitiesAbstract_1" xlink:title="Label : NoncurrentLiabilitiesAbstract to label_NoncurrentLiabilitiesAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentLiabilities" xlink:label="CurrentLiabilities" xlink:title="CurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentLiabilities" xml:lang="en-US" id="label_CurrentLiabilities">Current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLiabilities" xlink:to="label_CurrentLiabilities" xlink:title="Label : CurrentLiabilities to label_CurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CurrentLiabilities_1" xml:lang="en-US" id="label_CurrentLiabilities_1">Total current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLiabilities" xlink:to="label_CurrentLiabilities_1" xlink:title="Label : CurrentLiabilities to label_CurrentLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentLiabilities_2" xml:lang="en-US" id="label_CurrentLiabilities_2">Current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLiabilities" xlink:to="label_CurrentLiabilities_2" xlink:title="Label : CurrentLiabilities to label_CurrentLiabilities_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherCurrentPayables" xlink:label="OtherCurrentPayables" xlink:title="OtherCurrentPayables" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrentPayables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherCurrentPayables" xml:lang="en-US" id="label_OtherCurrentPayables">Other payables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentPayables" xlink:to="label_OtherCurrentPayables" xlink:title="Label : OtherCurrentPayables to label_OtherCurrentPayables" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrentPayables_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherCurrentPayables_1" xml:lang="en-US" id="label_OtherCurrentPayables_1">Other current payables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentPayables" xlink:to="label_OtherCurrentPayables_1" xlink:title="Label : OtherCurrentPayables to label_OtherCurrentPayables_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CurrentFinancialLiabilitiesOfCustomers" xlink:label="CurrentFinancialLiabilitiesOfCustomers" xlink:title="CurrentFinancialLiabilitiesOfCustomers" />
    <link:label xlink:type="resource" xlink:label="label_CurrentFinancialLiabilitiesOfCustomers" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentFinancialLiabilitiesOfCustomers" xml:lang="en-US" id="label_CurrentFinancialLiabilitiesOfCustomers">The amount of current financial liabilities of customers.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentFinancialLiabilitiesOfCustomers" xlink:to="label_CurrentFinancialLiabilitiesOfCustomers" xlink:title="Label : CurrentFinancialLiabilitiesOfCustomers to label_CurrentFinancialLiabilitiesOfCustomers" />
    <link:label xlink:type="resource" xlink:label="label_CurrentFinancialLiabilitiesOfCustomers_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentFinancialLiabilitiesOfCustomers_1" xml:lang="en-US" id="label_CurrentFinancialLiabilitiesOfCustomers_1">Financial liabilities of customers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentFinancialLiabilitiesOfCustomers" xlink:to="label_CurrentFinancialLiabilitiesOfCustomers_1" xlink:title="Label : CurrentFinancialLiabilitiesOfCustomers to label_CurrentFinancialLiabilitiesOfCustomers_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentFinancialLiabilitiesOfCustomers_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentFinancialLiabilitiesOfCustomers_2" xml:lang="en-US" id="label_CurrentFinancialLiabilitiesOfCustomers_2">Current financial liabilities of customers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentFinancialLiabilitiesOfCustomers" xlink:to="label_CurrentFinancialLiabilitiesOfCustomers_2" xlink:title="Label : CurrentFinancialLiabilitiesOfCustomers to label_CurrentFinancialLiabilitiesOfCustomers_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentLeaseLiabilities" xlink:label="CurrentLeaseLiabilities" xlink:title="CurrentLeaseLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CurrentLeaseLiabilities" xml:lang="en-US" id="label_CurrentLeaseLiabilities">Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLeaseLiabilities" xlink:to="label_CurrentLeaseLiabilities" xlink:title="Label : CurrentLeaseLiabilities to label_CurrentLeaseLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentLeaseLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentLeaseLiabilities_1" xml:lang="en-US" id="label_CurrentLeaseLiabilities_1">Leases payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLeaseLiabilities" xlink:to="label_CurrentLeaseLiabilities_1" xlink:title="Label : CurrentLeaseLiabilities to label_CurrentLeaseLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentLeaseLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentLeaseLiabilities_2" xml:lang="en-US" id="label_CurrentLeaseLiabilities_2">Current lease liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLeaseLiabilities" xlink:to="label_CurrentLeaseLiabilities_2" xlink:title="Label : CurrentLeaseLiabilities to label_CurrentLeaseLiabilities_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ShorttermLegalProceedingsProvision" xlink:label="ShorttermLegalProceedingsProvision" xlink:title="ShorttermLegalProceedingsProvision" />
    <link:label xlink:type="resource" xlink:label="label_ShorttermLegalProceedingsProvision" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ShorttermLegalProceedingsProvision" xml:lang="en-US" id="label_ShorttermLegalProceedingsProvision">Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShorttermLegalProceedingsProvision" xlink:to="label_ShorttermLegalProceedingsProvision" xlink:title="Label : ShorttermLegalProceedingsProvision to label_ShorttermLegalProceedingsProvision" />
    <link:label xlink:type="resource" xlink:label="label_ShorttermLegalProceedingsProvision_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShorttermLegalProceedingsProvision_1" xml:lang="en-US" id="label_ShorttermLegalProceedingsProvision_1">Current legal proceedings provision</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShorttermLegalProceedingsProvision" xlink:to="label_ShorttermLegalProceedingsProvision_1" xlink:title="Label : ShorttermLegalProceedingsProvision to label_ShorttermLegalProceedingsProvision_1" />
    <link:label xlink:type="resource" xlink:label="label_ShorttermLegalProceedingsProvision_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShorttermLegalProceedingsProvision_2" xml:lang="en-US" id="label_ShorttermLegalProceedingsProvision_2">Provisions for tax, civil and labor risks</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShorttermLegalProceedingsProvision" xlink:to="label_ShorttermLegalProceedingsProvision_2" xlink:title="Label : ShorttermLegalProceedingsProvision to label_ShorttermLegalProceedingsProvision_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ProvisionForDecarbonizationCredit" xlink:label="ProvisionForDecarbonizationCredit" xlink:title="ProvisionForDecarbonizationCredit" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForDecarbonizationCredit" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProvisionForDecarbonizationCredit" xml:lang="en-US" id="label_ProvisionForDecarbonizationCredit">Provision for decarbonization credit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForDecarbonizationCredit" xlink:to="label_ProvisionForDecarbonizationCredit" xlink:title="Label : ProvisionForDecarbonizationCredit to label_ProvisionForDecarbonizationCredit" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForDecarbonizationCredit_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProvisionForDecarbonizationCredit_1" xml:lang="en-US" id="label_ProvisionForDecarbonizationCredit_1">Provision For Decarbonization Credit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForDecarbonizationCredit" xlink:to="label_ProvisionForDecarbonizationCredit_1" xlink:title="Label : ProvisionForDecarbonizationCredit to label_ProvisionForDecarbonizationCredit_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfSharesIssuedAndFullyPaid_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfSharesIssuedAndFullyPaid_1" xml:lang="en-US" id="label_NumberOfSharesIssuedAndFullyPaid_1">Number of shares issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesIssuedAndFullyPaid" xlink:to="label_NumberOfSharesIssuedAndFullyPaid_1" xlink:title="Label : NumberOfSharesIssuedAndFullyPaid to label_NumberOfSharesIssuedAndFullyPaid_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfSharesIssuedAndFullyPaid_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NumberOfSharesIssuedAndFullyPaid_2" xml:lang="en-US" id="label_NumberOfSharesIssuedAndFullyPaid_2">Subscribed and paid-in capital stock</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesIssuedAndFullyPaid" xlink:to="label_NumberOfSharesIssuedAndFullyPaid_2" xlink:title="Label : NumberOfSharesIssuedAndFullyPaid to label_NumberOfSharesIssuedAndFullyPaid_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfClassesOfShareCapitalLineItems" xlink:label="DisclosureOfClassesOfShareCapitalLineItems" xlink:title="DisclosureOfClassesOfShareCapitalLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfClassesOfShareCapitalLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfClassesOfShareCapitalLineItems" xml:lang="en-US" id="label_DisclosureOfClassesOfShareCapitalLineItems">Equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfClassesOfShareCapitalLineItems" xlink:to="label_DisclosureOfClassesOfShareCapitalLineItems" xlink:title="Label : DisclosureOfClassesOfShareCapitalLineItems to label_DisclosureOfClassesOfShareCapitalLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfClassesOfShareCapitalLineItems_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfClassesOfShareCapitalLineItems_1" xml:lang="en-US" id="label_DisclosureOfClassesOfShareCapitalLineItems_1">Disclosure of classes of share capital [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfClassesOfShareCapitalLineItems" xlink:to="label_DisclosureOfClassesOfShareCapitalLineItems_1" xlink:title="Label : DisclosureOfClassesOfShareCapitalLineItems to label_DisclosureOfClassesOfShareCapitalLineItems_1" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForDecarbonizationCredit_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProvisionForDecarbonizationCredit_2" xml:lang="en-US" id="label_ProvisionForDecarbonizationCredit_2">The amount of provision for decarbonization credit.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForDecarbonizationCredit" xlink:to="label_ProvisionForDecarbonizationCredit_2" xlink:title="Label : ProvisionForDecarbonizationCredit to label_ProvisionForDecarbonizationCredit_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentProvisionsForEmployeeBenefits" xlink:label="CurrentProvisionsForEmployeeBenefits" xlink:title="CurrentProvisionsForEmployeeBenefits" />
    <link:label xlink:type="resource" xlink:label="label_CurrentProvisionsForEmployeeBenefits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentProvisionsForEmployeeBenefits" xml:lang="en-US" id="label_CurrentProvisionsForEmployeeBenefits">Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentProvisionsForEmployeeBenefits" xlink:to="label_CurrentProvisionsForEmployeeBenefits" xlink:title="Label : CurrentProvisionsForEmployeeBenefits to label_CurrentProvisionsForEmployeeBenefits" />
    <link:label xlink:type="resource" xlink:label="label_CurrentProvisionsForEmployeeBenefits_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CurrentProvisionsForEmployeeBenefits_1" xml:lang="en-US" id="label_CurrentProvisionsForEmployeeBenefits_1">Post-employment benefits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentProvisionsForEmployeeBenefits" xlink:to="label_CurrentProvisionsForEmployeeBenefits_1" xlink:title="Label : CurrentProvisionsForEmployeeBenefits to label_CurrentProvisionsForEmployeeBenefits_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentProvisionsForEmployeeBenefits_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentProvisionsForEmployeeBenefits_2" xml:lang="en-US" id="label_CurrentProvisionsForEmployeeBenefits_2">Current provisions for employee benefits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentProvisionsForEmployeeBenefits" xlink:to="label_CurrentProvisionsForEmployeeBenefits_2" xlink:title="Label : CurrentProvisionsForEmployeeBenefits to label_CurrentProvisionsForEmployeeBenefits_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:label="CurrentTaxLiabilitiesCurrent" xlink:title="CurrentTaxLiabilitiesCurrent" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxLiabilitiesCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentTaxLiabilitiesCurrent" xml:lang="en-US" id="label_CurrentTaxLiabilitiesCurrent">Income and social contribution taxes payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxLiabilitiesCurrent" xlink:to="label_CurrentTaxLiabilitiesCurrent" xlink:title="Label : CurrentTaxLiabilitiesCurrent to label_CurrentTaxLiabilitiesCurrent" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxLiabilitiesCurrent_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentTaxLiabilitiesCurrent_1" xml:lang="en-US" id="label_CurrentTaxLiabilitiesCurrent_1">Current tax liabilities, current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxLiabilitiesCurrent" xlink:to="label_CurrentTaxLiabilitiesCurrent_1" xlink:title="Label : CurrentTaxLiabilitiesCurrent to label_CurrentTaxLiabilitiesCurrent_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentDividendPayables" xlink:label="CurrentDividendPayables" xlink:title="CurrentDividendPayables" />
    <link:label xlink:type="resource" xlink:label="label_CurrentDividendPayables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentDividendPayables" xml:lang="en-US" id="label_CurrentDividendPayables">Current dividend payables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentDividendPayables" xlink:to="label_CurrentDividendPayables" xlink:title="Label : CurrentDividendPayables to label_CurrentDividendPayables" />
    <link:label xlink:type="resource" xlink:label="label_CurrentDividendPayables_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentDividendPayables_1" xml:lang="en-US" id="label_CurrentDividendPayables_1">Dividends payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentDividendPayables" xlink:to="label_CurrentDividendPayables_1" xlink:title="Label : CurrentDividendPayables to label_CurrentDividendPayables_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentDividendPayables_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_CurrentDividendPayables_2" xml:lang="en-US" id="label_CurrentDividendPayables_2">Beginning balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentDividendPayables" xlink:to="label_CurrentDividendPayables_2" xlink:title="Label : CurrentDividendPayables to label_CurrentDividendPayables_2" />
    <link:label xlink:type="resource" xlink:label="label_CurrentDividendPayables_3" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_CurrentDividendPayables_3" xml:lang="en-US" id="label_CurrentDividendPayables_3">Ending balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentDividendPayables" xlink:to="label_CurrentDividendPayables_3" xlink:title="Label : CurrentDividendPayables to label_CurrentDividendPayables_3" />
    <link:label xlink:type="resource" xlink:label="label_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax_1" xml:lang="en-US" id="label_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax_1">Taxes payables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" xlink:to="label_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax_1" xlink:title="Label : CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax to label_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax_2" xml:lang="en-US" id="label_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax_2">Taxes payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" xlink:to="label_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax_2" xlink:title="Label : CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax to label_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ShorttermEmployeeBenefitsAccruals" xlink:label="ShorttermEmployeeBenefitsAccruals" xlink:title="ShorttermEmployeeBenefitsAccruals" />
    <link:label xlink:type="resource" xlink:label="label_ShorttermEmployeeBenefitsAccruals" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ShorttermEmployeeBenefitsAccruals" xml:lang="en-US" id="label_ShorttermEmployeeBenefitsAccruals">Salaries and related charges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShorttermEmployeeBenefitsAccruals" xlink:to="label_ShorttermEmployeeBenefitsAccruals" xlink:title="Label : ShorttermEmployeeBenefitsAccruals to label_ShorttermEmployeeBenefitsAccruals" />
    <link:label xlink:type="resource" xlink:label="label_ShorttermEmployeeBenefitsAccruals_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShorttermEmployeeBenefitsAccruals_1" xml:lang="en-US" id="label_ShorttermEmployeeBenefitsAccruals_1">Short-term employee benefits accruals</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShorttermEmployeeBenefitsAccruals" xlink:to="label_ShorttermEmployeeBenefitsAccruals_1" xlink:title="Label : ShorttermEmployeeBenefitsAccruals to label_ShorttermEmployeeBenefitsAccruals_1" />
    <link:label xlink:type="resource" xlink:label="label_ShorttermEmployeeBenefitsAccruals_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShorttermEmployeeBenefitsAccruals_2" xml:lang="en-US" id="label_ShorttermEmployeeBenefitsAccruals_2">Salaries and related charges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShorttermEmployeeBenefitsAccruals" xlink:to="label_ShorttermEmployeeBenefitsAccruals_2" xlink:title="Label : ShorttermEmployeeBenefitsAccruals to label_ShorttermEmployeeBenefitsAccruals_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LoansFinancingAndHedgingInstrumentsCurrent" xlink:label="LoansFinancingAndHedgingInstrumentsCurrent" xlink:title="LoansFinancingAndHedgingInstrumentsCurrent" />
    <link:label xlink:type="resource" xlink:label="label_LoansFinancingAndHedgingInstrumentsCurrent" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LoansFinancingAndHedgingInstrumentsCurrent" xml:lang="en-US" id="label_LoansFinancingAndHedgingInstrumentsCurrent">Loans, financing and derivative financial instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansFinancingAndHedgingInstrumentsCurrent" xlink:to="label_LoansFinancingAndHedgingInstrumentsCurrent" xlink:title="Label : LoansFinancingAndHedgingInstrumentsCurrent to label_LoansFinancingAndHedgingInstrumentsCurrent" />
    <link:label xlink:type="resource" xlink:label="label_LoansFinancingAndHedgingInstrumentsCurrent_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LoansFinancingAndHedgingInstrumentsCurrent_1" xml:lang="en-US" id="label_LoansFinancingAndHedgingInstrumentsCurrent_1">The amount of current loans, financing and hedge derivative financial instruments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansFinancingAndHedgingInstrumentsCurrent" xlink:to="label_LoansFinancingAndHedgingInstrumentsCurrent_1" xlink:title="Label : LoansFinancingAndHedgingInstrumentsCurrent to label_LoansFinancingAndHedgingInstrumentsCurrent_1" />
    <link:label xlink:type="resource" xlink:label="label_LoansFinancingAndHedgingInstrumentsCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LoansFinancingAndHedgingInstrumentsCurrent_2" xml:lang="en-US" id="label_LoansFinancingAndHedgingInstrumentsCurrent_2">Loans, financing and hedge derivative financial instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansFinancingAndHedgingInstrumentsCurrent" xlink:to="label_LoansFinancingAndHedgingInstrumentsCurrent_2" xlink:title="Label : LoansFinancingAndHedgingInstrumentsCurrent to label_LoansFinancingAndHedgingInstrumentsCurrent_2" />
    <link:label xlink:type="resource" xlink:label="label_LoansFinancingAndHedgingInstrumentsCurrent_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoansFinancingAndHedgingInstrumentsCurrent_3" xml:lang="en-US" id="label_LoansFinancingAndHedgingInstrumentsCurrent_3">Loans, financing and hedging instruments current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansFinancingAndHedgingInstrumentsCurrent" xlink:to="label_LoansFinancingAndHedgingInstrumentsCurrent_3" xlink:title="Label : LoansFinancingAndHedgingInstrumentsCurrent to label_LoansFinancingAndHedgingInstrumentsCurrent_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_TradeCurrentPayablesReverseFactoring" xlink:label="TradeCurrentPayablesReverseFactoring" xlink:title="TradeCurrentPayablesReverseFactoring" />
    <link:label xlink:type="resource" xlink:label="label_TradeCurrentPayablesReverseFactoring" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradeCurrentPayablesReverseFactoring" xml:lang="en-US" id="label_TradeCurrentPayablesReverseFactoring">Trade current payables reverse factoring</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeCurrentPayablesReverseFactoring" xlink:to="label_TradeCurrentPayablesReverseFactoring" xlink:title="Label : TradeCurrentPayablesReverseFactoring to label_TradeCurrentPayablesReverseFactoring" />
    <link:label xlink:type="resource" xlink:label="label_TradeCurrentPayablesReverseFactoring_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradeCurrentPayablesReverseFactoring_1" xml:lang="en-US" id="label_TradeCurrentPayablesReverseFactoring_1">Trade payables - reverse factoring</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeCurrentPayablesReverseFactoring" xlink:to="label_TradeCurrentPayablesReverseFactoring_1" xlink:title="Label : TradeCurrentPayablesReverseFactoring to label_TradeCurrentPayablesReverseFactoring_1" />
    <link:label xlink:type="resource" xlink:label="label_TradeCurrentPayablesReverseFactoring_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TradeCurrentPayablesReverseFactoring_2" xml:lang="en-US" id="label_TradeCurrentPayablesReverseFactoring_2">Trade current payables- reverse factoring.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeCurrentPayablesReverseFactoring" xlink:to="label_TradeCurrentPayablesReverseFactoring_2" xlink:title="Label : TradeCurrentPayablesReverseFactoring to label_TradeCurrentPayablesReverseFactoring_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:label="TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:title="TradeAndOtherCurrentPayablesToTradeSuppliers" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradeAndOtherCurrentPayablesToTradeSuppliers" xml:lang="en-US" id="label_TradeAndOtherCurrentPayablesToTradeSuppliers">Trade payables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:to="label_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:title="Label : TradeAndOtherCurrentPayablesToTradeSuppliers to label_TradeAndOtherCurrentPayablesToTradeSuppliers" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherCurrentPayablesToTradeSuppliers_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradeAndOtherCurrentPayablesToTradeSuppliers_1" xml:lang="en-US" id="label_TradeAndOtherCurrentPayablesToTradeSuppliers_1">Current trade payables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:to="label_TradeAndOtherCurrentPayablesToTradeSuppliers_1" xlink:title="Label : TradeAndOtherCurrentPayablesToTradeSuppliers to label_TradeAndOtherCurrentPayablesToTradeSuppliers_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentLiabilitiesAbstract" xlink:label="CurrentLiabilitiesAbstract" xlink:title="CurrentLiabilitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentLiabilitiesAbstract" xml:lang="en-US" id="label_CurrentLiabilitiesAbstract">Current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLiabilitiesAbstract" xlink:to="label_CurrentLiabilitiesAbstract" xlink:title="Label : CurrentLiabilitiesAbstract to label_CurrentLiabilitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CurrentLiabilitiesAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentLiabilitiesAbstract_1" xml:lang="en-US" id="label_CurrentLiabilitiesAbstract_1">Current liabilities [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLiabilitiesAbstract" xlink:to="label_CurrentLiabilitiesAbstract_1" xlink:title="Label : CurrentLiabilitiesAbstract to label_CurrentLiabilitiesAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LiabilitiesAbstract" xlink:label="LiabilitiesAbstract" xlink:title="LiabilitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LiabilitiesAbstract" xml:lang="en-US" id="label_LiabilitiesAbstract">Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesAbstract" xlink:to="label_LiabilitiesAbstract" xlink:title="Label : LiabilitiesAbstract to label_LiabilitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilitiesAbstract_1" xml:lang="en-US" id="label_LiabilitiesAbstract_1">Liabilities [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesAbstract" xlink:to="label_LiabilitiesAbstract_1" xlink:title="Label : LiabilitiesAbstract to label_LiabilitiesAbstract_1" />
    <link:label xlink:type="resource" xlink:label="label_Assets_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_Assets_1" xml:lang="en-US" id="label_Assets_1">Total assets (excluding intersegment transactions)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Assets" xlink:to="label_Assets_1" xlink:title="Label : Assets to label_Assets_1" />
    <link:label xlink:type="resource" xlink:label="label_Assets_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_Assets_2" xml:lang="en-US" id="label_Assets_2">Total assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Assets" xlink:to="label_Assets_2" xlink:title="Label : Assets to label_Assets_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OrdinarySharesMember" xlink:label="OrdinarySharesMember" xlink:title="OrdinarySharesMember" />
    <link:label xlink:type="resource" xlink:label="label_OrdinarySharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OrdinarySharesMember" xml:lang="en-US" id="label_OrdinarySharesMember">Common shares [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OrdinarySharesMember" xlink:to="label_OrdinarySharesMember" xlink:title="Label : OrdinarySharesMember to label_OrdinarySharesMember" />
    <link:label xlink:type="resource" xlink:label="label_OrdinarySharesMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OrdinarySharesMember_1" xml:lang="en-US" id="label_OrdinarySharesMember_1">Ordinary shares [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OrdinarySharesMember" xlink:to="label_OrdinarySharesMember_1" xlink:title="Label : OrdinarySharesMember to label_OrdinarySharesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_Assets_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Assets_3" xml:lang="en-US" id="label_Assets_3">Assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Assets" xlink:to="label_Assets_3" xlink:title="Label : Assets to label_Assets_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncurrentAssets" xlink:label="NoncurrentAssets" xlink:title="NoncurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentAssets" xml:lang="en-US" id="label_NoncurrentAssets">Non-current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentAssets" xlink:to="label_NoncurrentAssets" xlink:title="Label : NoncurrentAssets to label_NoncurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentAssets_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_NoncurrentAssets_1" xml:lang="en-US" id="label_NoncurrentAssets_1">Total non-current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentAssets" xlink:to="label_NoncurrentAssets_1" xlink:title="Label : NoncurrentAssets to label_NoncurrentAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentAssets_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentAssets_2" xml:lang="en-US" id="label_NoncurrentAssets_2">Non-current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentAssets" xlink:to="label_NoncurrentAssets_2" xlink:title="Label : NoncurrentAssets to label_NoncurrentAssets_2" />
    <link:label xlink:type="resource" xlink:label="label_IntangibleAssetsAndGoodwill_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IntangibleAssetsAndGoodwill_1" xml:lang="en-US" id="label_IntangibleAssetsAndGoodwill_1">Intangible assets and goodwill</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsAndGoodwill" xlink:to="label_IntangibleAssetsAndGoodwill_1" xlink:title="Label : IntangibleAssetsAndGoodwill to label_IntangibleAssetsAndGoodwill_1" />
    <link:label xlink:type="resource" xlink:label="label_IntangibleAssetsAndGoodwill_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IntangibleAssetsAndGoodwill_2" xml:lang="en-US" id="label_IntangibleAssetsAndGoodwill_2">Intangible assets, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsAndGoodwill" xlink:to="label_IntangibleAssetsAndGoodwill_2" xlink:title="Label : IntangibleAssetsAndGoodwill to label_IntangibleAssetsAndGoodwill_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfShareCapitalDomain" xlink:label="ClassesOfShareCapitalDomain" xlink:title="ClassesOfShareCapitalDomain" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfShareCapitalDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfShareCapitalDomain" xml:lang="en-US" id="label_ClassesOfShareCapitalDomain">Classes of share capital [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfShareCapitalDomain" xlink:to="label_ClassesOfShareCapitalDomain" xlink:title="Label : ClassesOfShareCapitalDomain to label_ClassesOfShareCapitalDomain" />
    <link:label xlink:type="resource" xlink:label="label_IntangibleAssetsAndGoodwill_3" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_IntangibleAssetsAndGoodwill_3" xml:lang="en-US" id="label_IntangibleAssetsAndGoodwill_3">Intangible assets, beginning</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsAndGoodwill" xlink:to="label_IntangibleAssetsAndGoodwill_3" xlink:title="Label : IntangibleAssetsAndGoodwill to label_IntangibleAssetsAndGoodwill_3" />
    <link:label xlink:type="resource" xlink:label="label_IntangibleAssetsAndGoodwill_4" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_IntangibleAssetsAndGoodwill_4" xml:lang="en-US" id="label_IntangibleAssetsAndGoodwill_4">Intangible assets, ending balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsAndGoodwill" xlink:to="label_IntangibleAssetsAndGoodwill_4" xlink:title="Label : IntangibleAssetsAndGoodwill to label_IntangibleAssetsAndGoodwill_4" />
    <link:label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipment_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipment_1" xml:lang="en-US" id="label_PropertyPlantAndEquipment_1">Property, plant and equipment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipment" xlink:to="label_PropertyPlantAndEquipment_1" xlink:title="Label : PropertyPlantAndEquipment to label_PropertyPlantAndEquipment_1" />
    <link:label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipment_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipment_2" xml:lang="en-US" id="label_PropertyPlantAndEquipment_2">Property, plant and equipment, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipment" xlink:to="label_PropertyPlantAndEquipment_2" xlink:title="Label : PropertyPlantAndEquipment to label_PropertyPlantAndEquipment_2" />
    <link:label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipment_3" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_PropertyPlantAndEquipment_3" xml:lang="en-US" id="label_PropertyPlantAndEquipment_3">Property, plant, and equipment, beginning</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipment" xlink:to="label_PropertyPlantAndEquipment_3" xlink:title="Label : PropertyPlantAndEquipment to label_PropertyPlantAndEquipment_3" />
    <link:label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipment_4" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_PropertyPlantAndEquipment_4" xml:lang="en-US" id="label_PropertyPlantAndEquipment_4">Property, plant, and equipment, ending</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipment" xlink:to="label_PropertyPlantAndEquipment_4" xlink:title="Label : PropertyPlantAndEquipment to label_PropertyPlantAndEquipment_4" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RightofuseAssets" xlink:label="RightofuseAssets" xlink:title="RightofuseAssets" />
    <link:label xlink:type="resource" xlink:label="label_RightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_RightofuseAssets" xml:lang="en-US" id="label_RightofuseAssets">Balance at end of period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightofuseAssets" xlink:to="label_RightofuseAssets" xlink:title="Label : RightofuseAssets to label_RightofuseAssets" />
    <link:label xlink:type="resource" xlink:label="label_RightofuseAssets_1" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_RightofuseAssets_1" xml:lang="en-US" id="label_RightofuseAssets_1">Balance at beginning of period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightofuseAssets" xlink:to="label_RightofuseAssets_1" xlink:title="Label : RightofuseAssets to label_RightofuseAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_RightofuseAssets_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RightofuseAssets_2" xml:lang="en-US" id="label_RightofuseAssets_2">Right-of-use assets, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightofuseAssets" xlink:to="label_RightofuseAssets_2" xlink:title="Label : RightofuseAssets to label_RightofuseAssets_2" />
    <link:label xlink:type="resource" xlink:label="label_RightofuseAssets_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RightofuseAssets_3" xml:lang="en-US" id="label_RightofuseAssets_3">Right-of-use assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightofuseAssets" xlink:to="label_RightofuseAssets_3" xlink:title="Label : RightofuseAssets to label_RightofuseAssets_3" />
    <link:label xlink:type="resource" xlink:label="label_RightofuseAssets_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_RightofuseAssets_4" xml:lang="en-US" id="label_RightofuseAssets_4">Right-of-use assets, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightofuseAssets" xlink:to="label_RightofuseAssets_4" xlink:title="Label : RightofuseAssets to label_RightofuseAssets_4" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentAccountedForUsingEquityMethod_1" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_InvestmentAccountedForUsingEquityMethod_1" xml:lang="en-US" id="label_InvestmentAccountedForUsingEquityMethod_1">Joint venture and Associates, beginning</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentAccountedForUsingEquityMethod" xlink:to="label_InvestmentAccountedForUsingEquityMethod_1" xlink:title="Label : InvestmentAccountedForUsingEquityMethod to label_InvestmentAccountedForUsingEquityMethod_1" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentAccountedForUsingEquityMethod_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentAccountedForUsingEquityMethod_2" xml:lang="en-US" id="label_InvestmentAccountedForUsingEquityMethod_2">Investments accounted for using equity method</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentAccountedForUsingEquityMethod" xlink:to="label_InvestmentAccountedForUsingEquityMethod_2" xlink:title="Label : InvestmentAccountedForUsingEquityMethod to label_InvestmentAccountedForUsingEquityMethod_2" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentAccountedForUsingEquityMethod_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InvestmentAccountedForUsingEquityMethod_3" xml:lang="en-US" id="label_InvestmentAccountedForUsingEquityMethod_3">Investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentAccountedForUsingEquityMethod" xlink:to="label_InvestmentAccountedForUsingEquityMethod_3" xlink:title="Label : InvestmentAccountedForUsingEquityMethod to label_InvestmentAccountedForUsingEquityMethod_3" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentAccountedForUsingEquityMethod_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_InvestmentAccountedForUsingEquityMethod_4" xml:lang="en-US" id="label_InvestmentAccountedForUsingEquityMethod_4">Investments in subsidiaries, joint ventures and associates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentAccountedForUsingEquityMethod" xlink:to="label_InvestmentAccountedForUsingEquityMethod_4" xlink:title="Label : InvestmentAccountedForUsingEquityMethod to label_InvestmentAccountedForUsingEquityMethod_4" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentAccountedForUsingEquityMethod_5" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_InvestmentAccountedForUsingEquityMethod_5" xml:lang="en-US" id="label_InvestmentAccountedForUsingEquityMethod_5">Total investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentAccountedForUsingEquityMethod" xlink:to="label_InvestmentAccountedForUsingEquityMethod_5" xlink:title="Label : InvestmentAccountedForUsingEquityMethod to label_InvestmentAccountedForUsingEquityMethod_5" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncurrentContractAssets" xlink:label="NoncurrentContractAssets" xlink:title="NoncurrentContractAssets" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentContractAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NoncurrentContractAssets" xml:lang="en-US" id="label_NoncurrentContractAssets">Contractual assets with customers - exclusivity rights</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentContractAssets" xlink:to="label_NoncurrentContractAssets" xlink:title="Label : NoncurrentContractAssets to label_NoncurrentContractAssets" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentContractAssets_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentContractAssets_1" xml:lang="en-US" id="label_NoncurrentContractAssets_1">Non-current contract assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentContractAssets" xlink:to="label_NoncurrentContractAssets_1" xlink:title="Label : NoncurrentContractAssets to label_NoncurrentContractAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentContractAssets_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentContractAssets_2" xml:lang="en-US" id="label_NoncurrentContractAssets_2">Non-current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentContractAssets" xlink:to="label_NoncurrentContractAssets_2" xlink:title="Label : NoncurrentContractAssets to label_NoncurrentContractAssets_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncurrentPrepayments" xlink:label="NoncurrentPrepayments" xlink:title="NoncurrentPrepayments" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentPrepayments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentPrepayments" xml:lang="en-US" id="label_NoncurrentPrepayments">Non-current prepayments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentPrepayments" xlink:to="label_NoncurrentPrepayments" xlink:title="Label : NoncurrentPrepayments to label_NoncurrentPrepayments" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentPrepayments_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentPrepayments_1" xml:lang="en-US" id="label_NoncurrentPrepayments_1">Prepaid expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentPrepayments" xlink:to="label_NoncurrentPrepayments_1" xlink:title="Label : NoncurrentPrepayments to label_NoncurrentPrepayments_1" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentPrepayments_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NoncurrentPrepayments_2" xml:lang="en-US" id="label_NoncurrentPrepayments_2">Non-current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentPrepayments" xlink:to="label_NoncurrentPrepayments_2" xlink:title="Label : NoncurrentPrepayments to label_NoncurrentPrepayments_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OtherNoncurrentReceivablesAndAssets" xlink:label="OtherNoncurrentReceivablesAndAssets" xlink:title="OtherNoncurrentReceivablesAndAssets" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentReceivablesAndAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherNoncurrentReceivablesAndAssets" xml:lang="en-US" id="label_OtherNoncurrentReceivablesAndAssets">Other receivables and other assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentReceivablesAndAssets" xlink:to="label_OtherNoncurrentReceivablesAndAssets" xlink:title="Label : OtherNoncurrentReceivablesAndAssets to label_OtherNoncurrentReceivablesAndAssets" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentReceivablesAndAssets_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherNoncurrentReceivablesAndAssets_1" xml:lang="en-US" id="label_OtherNoncurrentReceivablesAndAssets_1">Other Noncurrent Receivables And Assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentReceivablesAndAssets" xlink:to="label_OtherNoncurrentReceivablesAndAssets_1" xlink:title="Label : OtherNoncurrentReceivablesAndAssets to label_OtherNoncurrentReceivablesAndAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentReceivablesAndAssets_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherNoncurrentReceivablesAndAssets_2" xml:lang="en-US" id="label_OtherNoncurrentReceivablesAndAssets_2">The amount of non-current other receivables and assets.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentReceivablesAndAssets" xlink:to="label_OtherNoncurrentReceivablesAndAssets_2" xlink:title="Label : OtherNoncurrentReceivablesAndAssets to label_OtherNoncurrentReceivablesAndAssets_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_IndemnificationAssetBusinessCombination" xlink:label="IndemnificationAssetBusinessCombination" xlink:title="IndemnificationAssetBusinessCombination" />
    <link:label xlink:type="resource" xlink:label="label_IndemnificationAssetBusinessCombination" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IndemnificationAssetBusinessCombination" xml:lang="en-US" id="label_IndemnificationAssetBusinessCombination">Indemnification asset - business combination</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IndemnificationAssetBusinessCombination" xlink:to="label_IndemnificationAssetBusinessCombination" xlink:title="Label : IndemnificationAssetBusinessCombination to label_IndemnificationAssetBusinessCombination" />
    <link:label xlink:type="resource" xlink:label="label_IndemnificationAssetBusinessCombination_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IndemnificationAssetBusinessCombination_1" xml:lang="en-US" id="label_IndemnificationAssetBusinessCombination_1">Indemnification asset - business combination</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IndemnificationAssetBusinessCombination" xlink:to="label_IndemnificationAssetBusinessCombination_1" xlink:title="Label : IndemnificationAssetBusinessCombination to label_IndemnificationAssetBusinessCombination_1" />
    <link:label xlink:type="resource" xlink:label="label_IndemnificationAssetBusinessCombination_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IndemnificationAssetBusinessCombination_2" xml:lang="en-US" id="label_IndemnificationAssetBusinessCombination_2">The amount of non-current indemnification asset arising from business combination.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IndemnificationAssetBusinessCombination" xlink:to="label_IndemnificationAssetBusinessCombination_2" xlink:title="Label : IndemnificationAssetBusinessCombination to label_IndemnificationAssetBusinessCombination_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LongtermDeposits" xlink:label="LongtermDeposits" xlink:title="LongtermDeposits" />
    <link:label xlink:type="resource" xlink:label="label_LongtermDeposits" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LongtermDeposits" xml:lang="en-US" id="label_LongtermDeposits">Total - non-current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongtermDeposits" xlink:to="label_LongtermDeposits" xlink:title="Label : LongtermDeposits to label_LongtermDeposits" />
    <link:label xlink:type="resource" xlink:label="label_LongtermDeposits_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongtermDeposits_1" xml:lang="en-US" id="label_LongtermDeposits_1">Escrow deposits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongtermDeposits" xlink:to="label_LongtermDeposits_1" xlink:title="Label : LongtermDeposits to label_LongtermDeposits_1" />
    <link:label xlink:type="resource" xlink:label="label_LongtermDeposits_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongtermDeposits_2" xml:lang="en-US" id="label_LongtermDeposits_2">Long-term deposits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongtermDeposits" xlink:to="label_LongtermDeposits_2" xlink:title="Label : LongtermDeposits to label_LongtermDeposits_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentTaxAssetsNoncurrent" xlink:label="CurrentTaxAssetsNoncurrent" xlink:title="CurrentTaxAssetsNoncurrent" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxAssetsNoncurrent" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CurrentTaxAssetsNoncurrent" xml:lang="en-US" id="label_CurrentTaxAssetsNoncurrent">Recoverable income and social contribution taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxAssetsNoncurrent" xlink:to="label_CurrentTaxAssetsNoncurrent" xlink:title="Label : CurrentTaxAssetsNoncurrent to label_CurrentTaxAssetsNoncurrent" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxAssetsNoncurrent_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentTaxAssetsNoncurrent_1" xml:lang="en-US" id="label_CurrentTaxAssetsNoncurrent_1">Current tax assets, non-current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxAssetsNoncurrent" xlink:to="label_CurrentTaxAssetsNoncurrent_1" xlink:title="Label : CurrentTaxAssetsNoncurrent to label_CurrentTaxAssetsNoncurrent_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxAssetsNoncurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentTaxAssetsNoncurrent_2" xml:lang="en-US" id="label_CurrentTaxAssetsNoncurrent_2">Non-current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxAssetsNoncurrent" xlink:to="label_CurrentTaxAssetsNoncurrent_2" xlink:title="Label : CurrentTaxAssetsNoncurrent to label_CurrentTaxAssetsNoncurrent_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:label="NoncurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:title="NoncurrentReceivablesFromTaxesOtherThanIncomeTax" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NoncurrentReceivablesFromTaxesOtherThanIncomeTax" xml:lang="en-US" id="label_NoncurrentReceivablesFromTaxesOtherThanIncomeTax">Non-current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:to="label_NoncurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:title="Label : NoncurrentReceivablesFromTaxesOtherThanIncomeTax to label_NoncurrentReceivablesFromTaxesOtherThanIncomeTax" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentReceivablesFromTaxesOtherThanIncomeTax_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentReceivablesFromTaxesOtherThanIncomeTax_1" xml:lang="en-US" id="label_NoncurrentReceivablesFromTaxesOtherThanIncomeTax_1">Non-current receivables from taxes other than income tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:to="label_NoncurrentReceivablesFromTaxesOtherThanIncomeTax_1" xlink:title="Label : NoncurrentReceivablesFromTaxesOtherThanIncomeTax to label_NoncurrentReceivablesFromTaxesOtherThanIncomeTax_1" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentReceivablesFromTaxesOtherThanIncomeTax_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentReceivablesFromTaxesOtherThanIncomeTax_2" xml:lang="en-US" id="label_NoncurrentReceivablesFromTaxesOtherThanIncomeTax_2">Recoverable taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:to="label_NoncurrentReceivablesFromTaxesOtherThanIncomeTax_2" xlink:title="Label : NoncurrentReceivablesFromTaxesOtherThanIncomeTax to label_NoncurrentReceivablesFromTaxesOtherThanIncomeTax_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DeferredTaxAssets" xlink:label="DeferredTaxAssets" xlink:title="DeferredTaxAssets" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredTaxAssets" xml:lang="en-US" id="label_DeferredTaxAssets">Deferred tax assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxAssets" xlink:to="label_DeferredTaxAssets" xlink:title="Label : DeferredTaxAssets to label_DeferredTaxAssets" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxAssets_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredTaxAssets_1" xml:lang="en-US" id="label_DeferredTaxAssets_1">Deferred income and social contribution taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxAssets" xlink:to="label_DeferredTaxAssets_1" xlink:title="Label : DeferredTaxAssets to label_DeferredTaxAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxAssets_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_DeferredTaxAssets_2" xml:lang="en-US" id="label_DeferredTaxAssets_2">Net balances presented in assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxAssets" xlink:to="label_DeferredTaxAssets_2" xlink:title="Label : DeferredTaxAssets to label_DeferredTaxAssets_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties" xlink:label="TradeAndOtherReceivablesDueFromRelatedParties" xlink:title="TradeAndOtherReceivablesDueFromRelatedParties" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherReceivablesDueFromRelatedParties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradeAndOtherReceivablesDueFromRelatedParties" xml:lang="en-US" id="label_TradeAndOtherReceivablesDueFromRelatedParties">Receivables due from related parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherReceivablesDueFromRelatedParties" xlink:to="label_TradeAndOtherReceivablesDueFromRelatedParties" xlink:title="Label : TradeAndOtherReceivablesDueFromRelatedParties to label_TradeAndOtherReceivablesDueFromRelatedParties" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherReceivablesDueFromRelatedParties_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradeAndOtherReceivablesDueFromRelatedParties_1" xml:lang="en-US" id="label_TradeAndOtherReceivablesDueFromRelatedParties_1">Related parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherReceivablesDueFromRelatedParties" xlink:to="label_TradeAndOtherReceivablesDueFromRelatedParties_1" xlink:title="Label : TradeAndOtherReceivablesDueFromRelatedParties to label_TradeAndOtherReceivablesDueFromRelatedParties_1" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherReceivablesDueFromRelatedParties_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_TradeAndOtherReceivablesDueFromRelatedParties_2" xml:lang="en-US" id="label_TradeAndOtherReceivablesDueFromRelatedParties_2">Loans assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherReceivablesDueFromRelatedParties" xlink:to="label_TradeAndOtherReceivablesDueFromRelatedParties_2" xlink:title="Label : TradeAndOtherReceivablesDueFromRelatedParties to label_TradeAndOtherReceivablesDueFromRelatedParties_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NonCurrentReceivablesFromSaleOfInvestments" xlink:label="NonCurrentReceivablesFromSaleOfInvestments" xlink:title="NonCurrentReceivablesFromSaleOfInvestments" />
    <link:label xlink:type="resource" xlink:label="label_NonCurrentReceivablesFromSaleOfInvestments" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NonCurrentReceivablesFromSaleOfInvestments" xml:lang="en-US" id="label_NonCurrentReceivablesFromSaleOfInvestments">Trade receivables - sale of subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCurrentReceivablesFromSaleOfInvestments" xlink:to="label_NonCurrentReceivablesFromSaleOfInvestments" xlink:title="Label : NonCurrentReceivablesFromSaleOfInvestments to label_NonCurrentReceivablesFromSaleOfInvestments" />
    <link:label xlink:type="resource" xlink:label="label_NonCurrentReceivablesFromSaleOfInvestments_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NonCurrentReceivablesFromSaleOfInvestments_1" xml:lang="en-US" id="label_NonCurrentReceivablesFromSaleOfInvestments_1">The amount of non-current receivables arising from the sale of investments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCurrentReceivablesFromSaleOfInvestments" xlink:to="label_NonCurrentReceivablesFromSaleOfInvestments_1" xlink:title="Label : NonCurrentReceivablesFromSaleOfInvestments to label_NonCurrentReceivablesFromSaleOfInvestments_1" />
    <link:label xlink:type="resource" xlink:label="label_NonCurrentReceivablesFromSaleOfInvestments_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NonCurrentReceivablesFromSaleOfInvestments_2" xml:lang="en-US" id="label_NonCurrentReceivablesFromSaleOfInvestments_2">Non-current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCurrentReceivablesFromSaleOfInvestments" xlink:to="label_NonCurrentReceivablesFromSaleOfInvestments_2" xlink:title="Label : NonCurrentReceivablesFromSaleOfInvestments to label_NonCurrentReceivablesFromSaleOfInvestments_2" />
    <link:label xlink:type="resource" xlink:label="label_NonCurrentReceivablesFromSaleOfInvestments_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NonCurrentReceivablesFromSaleOfInvestments_3" xml:lang="en-US" id="label_NonCurrentReceivablesFromSaleOfInvestments_3">Non Current Receivables From Sale of Investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCurrentReceivablesFromSaleOfInvestments" xlink:to="label_NonCurrentReceivablesFromSaleOfInvestments_3" xlink:title="Label : NonCurrentReceivablesFromSaleOfInvestments to label_NonCurrentReceivablesFromSaleOfInvestments_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NonCurrentResellerFinancing" xlink:label="NonCurrentResellerFinancing" xlink:title="NonCurrentResellerFinancing" />
    <link:label xlink:type="resource" xlink:label="label_NonCurrentResellerFinancing" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NonCurrentResellerFinancing" xml:lang="en-US" id="label_NonCurrentResellerFinancing">The amount of non-current reseller financing.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCurrentResellerFinancing" xlink:to="label_NonCurrentResellerFinancing" xlink:title="Label : NonCurrentResellerFinancing to label_NonCurrentResellerFinancing" />
    <link:label xlink:type="resource" xlink:label="label_NonCurrentResellerFinancing_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NonCurrentResellerFinancing_1" xml:lang="en-US" id="label_NonCurrentResellerFinancing_1">Non-current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCurrentResellerFinancing" xlink:to="label_NonCurrentResellerFinancing_1" xlink:title="Label : NonCurrentResellerFinancing to label_NonCurrentResellerFinancing_1" />
    <link:label xlink:type="resource" xlink:label="label_NonCurrentResellerFinancing_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NonCurrentResellerFinancing_2" xml:lang="en-US" id="label_NonCurrentResellerFinancing_2">Reseller financing</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCurrentResellerFinancing" xlink:to="label_NonCurrentResellerFinancing_2" xlink:title="Label : NonCurrentResellerFinancing to label_NonCurrentResellerFinancing_2" />
    <link:label xlink:type="resource" xlink:label="label_NonCurrentResellerFinancing_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NonCurrentResellerFinancing_3" xml:lang="en-US" id="label_NonCurrentResellerFinancing_3">Non-current reseller financing</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCurrentResellerFinancing" xlink:to="label_NonCurrentResellerFinancing_3" xlink:title="Label : NonCurrentResellerFinancing to label_NonCurrentResellerFinancing_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncurrentTradeReceivables" xlink:label="NoncurrentTradeReceivables" xlink:title="NoncurrentTradeReceivables" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentTradeReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentTradeReceivables" xml:lang="en-US" id="label_NoncurrentTradeReceivables">Non-current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentTradeReceivables" xlink:to="label_NoncurrentTradeReceivables" xlink:title="Label : NoncurrentTradeReceivables to label_NoncurrentTradeReceivables" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentTradeReceivables_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NoncurrentTradeReceivables_1" xml:lang="en-US" id="label_NoncurrentTradeReceivables_1">Trade receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentTradeReceivables" xlink:to="label_NoncurrentTradeReceivables_1" xlink:title="Label : NoncurrentTradeReceivables to label_NoncurrentTradeReceivables_1" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentTradeReceivables_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentTradeReceivables_2" xml:lang="en-US" id="label_NoncurrentTradeReceivables_2">Non-current trade receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentTradeReceivables" xlink:to="label_NoncurrentTradeReceivables_2" xlink:title="Label : NoncurrentTradeReceivables to label_NoncurrentTradeReceivables_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherNoncurrentFinancialAssets" xlink:label="OtherNoncurrentFinancialAssets" xlink:title="OtherNoncurrentFinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherNoncurrentFinancialAssets" xml:lang="en-US" id="label_OtherNoncurrentFinancialAssets">Financial investments, derivative financial instruments and other financial assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentFinancialAssets" xlink:to="label_OtherNoncurrentFinancialAssets" xlink:title="Label : OtherNoncurrentFinancialAssets to label_OtherNoncurrentFinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentFinancialAssets_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherNoncurrentFinancialAssets_1" xml:lang="en-US" id="label_OtherNoncurrentFinancialAssets_1">Other non-current financial assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentFinancialAssets" xlink:to="label_OtherNoncurrentFinancialAssets_1" xlink:title="Label : OtherNoncurrentFinancialAssets to label_OtherNoncurrentFinancialAssets_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncurrentAssetsAbstract" xlink:label="NoncurrentAssetsAbstract" xlink:title="NoncurrentAssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentAssetsAbstract" xml:lang="en-US" id="label_NoncurrentAssetsAbstract">Non-current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentAssetsAbstract" xlink:to="label_NoncurrentAssetsAbstract" xlink:title="Label : NoncurrentAssetsAbstract to label_NoncurrentAssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentAssetsAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentAssetsAbstract_1" xml:lang="en-US" id="label_NoncurrentAssetsAbstract_1">Non-current assets [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentAssetsAbstract" xlink:to="label_NoncurrentAssetsAbstract_1" xlink:title="Label : NoncurrentAssetsAbstract to label_NoncurrentAssetsAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentAssets" xlink:label="CurrentAssets" xlink:title="CurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentAssets" xml:lang="en-US" id="label_CurrentAssets">Current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAssets" xlink:to="label_CurrentAssets" xlink:title="Label : CurrentAssets to label_CurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrentAssets_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CurrentAssets_1" xml:lang="en-US" id="label_CurrentAssets_1">Total current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAssets" xlink:to="label_CurrentAssets_1" xlink:title="Label : CurrentAssets to label_CurrentAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentAssets_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentAssets_2" xml:lang="en-US" id="label_CurrentAssets_2">Current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAssets" xlink:to="label_CurrentAssets_2" xlink:title="Label : CurrentAssets to label_CurrentAssets_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentContractAssets" xlink:label="CurrentContractAssets" xlink:title="CurrentContractAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrentContractAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CurrentContractAssets" xml:lang="en-US" id="label_CurrentContractAssets">Contractual assets with customers - exclusivity rights</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentContractAssets" xlink:to="label_CurrentContractAssets" xlink:title="Label : CurrentContractAssets to label_CurrentContractAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrentContractAssets_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentContractAssets_1" xml:lang="en-US" id="label_CurrentContractAssets_1">Current contract assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentContractAssets" xlink:to="label_CurrentContractAssets_1" xlink:title="Label : CurrentContractAssets to label_CurrentContractAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentContractAssets_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentContractAssets_2" xml:lang="en-US" id="label_CurrentContractAssets_2">Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentContractAssets" xlink:to="label_CurrentContractAssets_2" xlink:title="Label : CurrentContractAssets to label_CurrentContractAssets_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentPrepaidExpenses" xlink:label="CurrentPrepaidExpenses" xlink:title="CurrentPrepaidExpenses" />
    <link:label xlink:type="resource" xlink:label="label_CurrentPrepaidExpenses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentPrepaidExpenses" xml:lang="en-US" id="label_CurrentPrepaidExpenses">Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentPrepaidExpenses" xlink:to="label_CurrentPrepaidExpenses" xlink:title="Label : CurrentPrepaidExpenses to label_CurrentPrepaidExpenses" />
    <link:label xlink:type="resource" xlink:label="label_CurrentPrepaidExpenses_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CurrentPrepaidExpenses_1" xml:lang="en-US" id="label_CurrentPrepaidExpenses_1">Prepaid expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentPrepaidExpenses" xlink:to="label_CurrentPrepaidExpenses_1" xlink:title="Label : CurrentPrepaidExpenses to label_CurrentPrepaidExpenses_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentPrepaidExpenses_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentPrepaidExpenses_2" xml:lang="en-US" id="label_CurrentPrepaidExpenses_2">Current prepaid expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentPrepaidExpenses" xlink:to="label_CurrentPrepaidExpenses_2" xlink:title="Label : CurrentPrepaidExpenses to label_CurrentPrepaidExpenses_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TradeAndOtherCurrentReceivables" xlink:label="TradeAndOtherCurrentReceivables" xlink:title="TradeAndOtherCurrentReceivables" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherCurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradeAndOtherCurrentReceivables" xml:lang="en-US" id="label_TradeAndOtherCurrentReceivables">Trade and other current receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherCurrentReceivables" xlink:to="label_TradeAndOtherCurrentReceivables" xlink:title="Label : TradeAndOtherCurrentReceivables to label_TradeAndOtherCurrentReceivables" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherCurrentReceivables_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradeAndOtherCurrentReceivables_1" xml:lang="en-US" id="label_TradeAndOtherCurrentReceivables_1">Other receivables and other assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherCurrentReceivables" xlink:to="label_TradeAndOtherCurrentReceivables_1" xlink:title="Label : TradeAndOtherCurrentReceivables to label_TradeAndOtherCurrentReceivables_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DividendsReceivableCurrent" xlink:label="DividendsReceivableCurrent" xlink:title="DividendsReceivableCurrent" />
    <link:label xlink:type="resource" xlink:label="label_DividendsReceivableCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsReceivableCurrent" xml:lang="en-US" id="label_DividendsReceivableCurrent">Dividends Receivable Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsReceivableCurrent" xlink:to="label_DividendsReceivableCurrent" xlink:title="Label : DividendsReceivableCurrent to label_DividendsReceivableCurrent" />
    <link:label xlink:type="resource" xlink:label="label_DividendsReceivableCurrent_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsReceivableCurrent_1" xml:lang="en-US" id="label_DividendsReceivableCurrent_1">Dividends receivable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsReceivableCurrent" xlink:to="label_DividendsReceivableCurrent_1" xlink:title="Label : DividendsReceivableCurrent to label_DividendsReceivableCurrent_1" />
    <link:label xlink:type="resource" xlink:label="label_DividendsReceivableCurrent_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DividendsReceivableCurrent_2" xml:lang="en-US" id="label_DividendsReceivableCurrent_2">The amount recognized when the shareholder's right to receive payment is established.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsReceivableCurrent" xlink:to="label_DividendsReceivableCurrent_2" xlink:title="Label : DividendsReceivableCurrent to label_DividendsReceivableCurrent_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentTaxAssetsCurrent" xlink:label="CurrentTaxAssetsCurrent" xlink:title="CurrentTaxAssetsCurrent" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxAssetsCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentTaxAssetsCurrent" xml:lang="en-US" id="label_CurrentTaxAssetsCurrent">Current tax assets, current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxAssetsCurrent" xlink:to="label_CurrentTaxAssetsCurrent" xlink:title="Label : CurrentTaxAssetsCurrent to label_CurrentTaxAssetsCurrent" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxAssetsCurrent_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CurrentTaxAssetsCurrent_1" xml:lang="en-US" id="label_CurrentTaxAssetsCurrent_1">Recoverable income and social contribution taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxAssetsCurrent" xlink:to="label_CurrentTaxAssetsCurrent_1" xlink:title="Label : CurrentTaxAssetsCurrent to label_CurrentTaxAssetsCurrent_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxAssetsCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentTaxAssetsCurrent_2" xml:lang="en-US" id="label_CurrentTaxAssetsCurrent_2">Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxAssetsCurrent" xlink:to="label_CurrentTaxAssetsCurrent_2" xlink:title="Label : CurrentTaxAssetsCurrent to label_CurrentTaxAssetsCurrent_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:label="CurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:title="CurrentReceivablesFromTaxesOtherThanIncomeTax" />
    <link:label xlink:type="resource" xlink:label="label_CurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentReceivablesFromTaxesOtherThanIncomeTax" xml:lang="en-US" id="label_CurrentReceivablesFromTaxesOtherThanIncomeTax">Current receivables from taxes other than income tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:to="label_CurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:title="Label : CurrentReceivablesFromTaxesOtherThanIncomeTax to label_CurrentReceivablesFromTaxesOtherThanIncomeTax" />
    <link:label xlink:type="resource" xlink:label="label_CurrentReceivablesFromTaxesOtherThanIncomeTax_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentReceivablesFromTaxesOtherThanIncomeTax_1" xml:lang="en-US" id="label_CurrentReceivablesFromTaxesOtherThanIncomeTax_1">Recoverable taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:to="label_CurrentReceivablesFromTaxesOtherThanIncomeTax_1" xlink:title="Label : CurrentReceivablesFromTaxesOtherThanIncomeTax to label_CurrentReceivablesFromTaxesOtherThanIncomeTax_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentReceivablesFromTaxesOtherThanIncomeTax_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CurrentReceivablesFromTaxesOtherThanIncomeTax_2" xml:lang="en-US" id="label_CurrentReceivablesFromTaxesOtherThanIncomeTax_2">Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:to="label_CurrentReceivablesFromTaxesOtherThanIncomeTax_2" xlink:title="Label : CurrentReceivablesFromTaxesOtherThanIncomeTax to label_CurrentReceivablesFromTaxesOtherThanIncomeTax_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_Inventories" xlink:label="Inventories" xlink:title="Inventories" />
    <link:label xlink:type="resource" xlink:label="label_Inventories" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_Inventories" xml:lang="en-US" id="label_Inventories">Net balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Inventories" xlink:to="label_Inventories" xlink:title="Label : Inventories to label_Inventories" />
    <link:label xlink:type="resource" xlink:label="label_Inventories_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Inventories_1" xml:lang="en-US" id="label_Inventories_1">Inventories</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Inventories" xlink:to="label_Inventories_1" xlink:title="Label : Inventories to label_Inventories_1" />
    <link:label xlink:type="resource" xlink:label="label_Inventories_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Inventories_2" xml:lang="en-US" id="label_Inventories_2">Current inventories</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Inventories" xlink:to="label_Inventories_2" xlink:title="Label : Inventories to label_Inventories_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CurrentReceivablesFromSaleOfInvestments" xlink:label="CurrentReceivablesFromSaleOfInvestments" xlink:title="CurrentReceivablesFromSaleOfInvestments" />
    <link:label xlink:type="resource" xlink:label="label_CurrentReceivablesFromSaleOfInvestments" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CurrentReceivablesFromSaleOfInvestments" xml:lang="en-US" id="label_CurrentReceivablesFromSaleOfInvestments">Trade receivables - sale of subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentReceivablesFromSaleOfInvestments" xlink:to="label_CurrentReceivablesFromSaleOfInvestments" xlink:title="Label : CurrentReceivablesFromSaleOfInvestments to label_CurrentReceivablesFromSaleOfInvestments" />
    <link:label xlink:type="resource" xlink:label="label_CurrentReceivablesFromSaleOfInvestments_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentReceivablesFromSaleOfInvestments_1" xml:lang="en-US" id="label_CurrentReceivablesFromSaleOfInvestments_1">Current Receivables From Sale of Investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentReceivablesFromSaleOfInvestments" xlink:to="label_CurrentReceivablesFromSaleOfInvestments_1" xlink:title="Label : CurrentReceivablesFromSaleOfInvestments to label_CurrentReceivablesFromSaleOfInvestments_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentReceivablesFromSaleOfInvestments_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentReceivablesFromSaleOfInvestments_2" xml:lang="en-US" id="label_CurrentReceivablesFromSaleOfInvestments_2">Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentReceivablesFromSaleOfInvestments" xlink:to="label_CurrentReceivablesFromSaleOfInvestments_2" xlink:title="Label : CurrentReceivablesFromSaleOfInvestments to label_CurrentReceivablesFromSaleOfInvestments_2" />
    <link:label xlink:type="resource" xlink:label="label_CurrentReceivablesFromSaleOfInvestments_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentReceivablesFromSaleOfInvestments_3" xml:lang="en-US" id="label_CurrentReceivablesFromSaleOfInvestments_3">The amount of current receivables arising from the sale of investments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentReceivablesFromSaleOfInvestments" xlink:to="label_CurrentReceivablesFromSaleOfInvestments_3" xlink:title="Label : CurrentReceivablesFromSaleOfInvestments to label_CurrentReceivablesFromSaleOfInvestments_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_CurrentResellerFinancing" xlink:label="CurrentResellerFinancing" xlink:title="CurrentResellerFinancing" />
    <link:label xlink:type="resource" xlink:label="label_CurrentResellerFinancing" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentResellerFinancing" xml:lang="en-US" id="label_CurrentResellerFinancing">The amount of current reseller financing.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentResellerFinancing" xlink:to="label_CurrentResellerFinancing" xlink:title="Label : CurrentResellerFinancing to label_CurrentResellerFinancing" />
    <link:label xlink:type="resource" xlink:label="label_CurrentResellerFinancing_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentResellerFinancing_1" xml:lang="en-US" id="label_CurrentResellerFinancing_1">Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentResellerFinancing" xlink:to="label_CurrentResellerFinancing_1" xlink:title="Label : CurrentResellerFinancing to label_CurrentResellerFinancing_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentResellerFinancing_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CurrentResellerFinancing_2" xml:lang="en-US" id="label_CurrentResellerFinancing_2">Reseller financing</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentResellerFinancing" xlink:to="label_CurrentResellerFinancing_2" xlink:title="Label : CurrentResellerFinancing to label_CurrentResellerFinancing_2" />
    <link:label xlink:type="resource" xlink:label="label_CurrentResellerFinancing_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentResellerFinancing_3" xml:lang="en-US" id="label_CurrentResellerFinancing_3">Current reseller financing</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentResellerFinancing" xlink:to="label_CurrentResellerFinancing_3" xlink:title="Label : CurrentResellerFinancing to label_CurrentResellerFinancing_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentTradeReceivables" xlink:label="CurrentTradeReceivables" xlink:title="CurrentTradeReceivables" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentTradeReceivables" xml:lang="en-US" id="label_CurrentTradeReceivables">Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivables" xlink:to="label_CurrentTradeReceivables" xlink:title="Label : CurrentTradeReceivables to label_CurrentTradeReceivables" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivables_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CurrentTradeReceivables_1" xml:lang="en-US" id="label_CurrentTradeReceivables_1">Trade receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivables" xlink:to="label_CurrentTradeReceivables_1" xlink:title="Label : CurrentTradeReceivables to label_CurrentTradeReceivables_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivables_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentTradeReceivables_2" xml:lang="en-US" id="label_CurrentTradeReceivables_2">Current trade receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivables" xlink:to="label_CurrentTradeReceivables_2" xlink:title="Label : CurrentTradeReceivables to label_CurrentTradeReceivables_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentInvestments" xlink:label="CurrentInvestments" xlink:title="CurrentInvestments" />
    <link:label xlink:type="resource" xlink:label="label_CurrentInvestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentInvestments" xml:lang="en-US" id="label_CurrentInvestments">Financial investments, derivative financial instruments and other financial assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentInvestments" xlink:to="label_CurrentInvestments" xlink:title="Label : CurrentInvestments to label_CurrentInvestments" />
    <link:label xlink:type="resource" xlink:label="label_CurrentInvestments_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentInvestments_1" xml:lang="en-US" id="label_CurrentInvestments_1">Current investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentInvestments" xlink:to="label_CurrentInvestments_1" xlink:title="Label : CurrentInvestments to label_CurrentInvestments_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashAndCashEquivalents" xlink:label="CashAndCashEquivalents" xlink:title="CashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CashAndCashEquivalents" xml:lang="en-US" id="label_CashAndCashEquivalents">Total cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalents" xlink:to="label_CashAndCashEquivalents" xlink:title="Label : CashAndCashEquivalents to label_CashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalents_1" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_CashAndCashEquivalents_1" xml:lang="en-US" id="label_CashAndCashEquivalents_1">Cash and cash equivalents at the end of the year &#x2013; continuing operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalents" xlink:to="label_CashAndCashEquivalents_1" xlink:title="Label : CashAndCashEquivalents to label_CashAndCashEquivalents_1" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalents_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_CashAndCashEquivalents_2" xml:lang="en-US" id="label_CashAndCashEquivalents_2">Cash and cash equivalents at the beginning of the year &#x2013; continuing operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalents" xlink:to="label_CashAndCashEquivalents_2" xlink:title="Label : CashAndCashEquivalents to label_CashAndCashEquivalents_2" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalents_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashAndCashEquivalents_3" xml:lang="en-US" id="label_CashAndCashEquivalents_3">Cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalents" xlink:to="label_CashAndCashEquivalents_3" xlink:title="Label : CashAndCashEquivalents to label_CashAndCashEquivalents_3" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalents_4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAndCashEquivalents_4" xml:lang="en-US" id="label_CashAndCashEquivalents_4">Cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalents" xlink:to="label_CashAndCashEquivalents_4" xlink:title="Label : CashAndCashEquivalents to label_CashAndCashEquivalents_4" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalents_5" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CashAndCashEquivalents_5" xml:lang="en-US" id="label_CashAndCashEquivalents_5">Cash and cash equivalents at the end of the year - continuing operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalents" xlink:to="label_CashAndCashEquivalents_5" xlink:title="Label : CashAndCashEquivalents to label_CashAndCashEquivalents_5" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentAssetsAbstract" xlink:label="CurrentAssetsAbstract" xlink:title="CurrentAssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CurrentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentAssetsAbstract" xml:lang="en-US" id="label_CurrentAssetsAbstract">Current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAssetsAbstract" xlink:to="label_CurrentAssetsAbstract" xlink:title="Label : CurrentAssetsAbstract to label_CurrentAssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CurrentAssetsAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentAssetsAbstract_1" xml:lang="en-US" id="label_CurrentAssetsAbstract_1">Current assets [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAssetsAbstract" xlink:to="label_CurrentAssetsAbstract_1" xlink:title="Label : CurrentAssetsAbstract to label_CurrentAssetsAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AssetsAbstract" xlink:label="AssetsAbstract" xlink:title="AssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AssetsAbstract" xml:lang="en-US" id="label_AssetsAbstract">Assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsAbstract" xlink:to="label_AssetsAbstract" xlink:title="Label : AssetsAbstract to label_AssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AssetsAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssetsAbstract_1" xml:lang="en-US" id="label_AssetsAbstract_1">Assets [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsAbstract" xlink:to="label_AssetsAbstract_1" xlink:title="Label : AssetsAbstract to label_AssetsAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_StatementOfFinancialPositionAbstract" xlink:label="StatementOfFinancialPositionAbstract" xlink:title="StatementOfFinancialPositionAbstract" />
    <link:label xlink:type="resource" xlink:label="label_StatementOfFinancialPositionAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementOfFinancialPositionAbstract" xml:lang="en-US" id="label_StatementOfFinancialPositionAbstract">Consolidated statements of financial position</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfFinancialPositionAbstract" xlink:to="label_StatementOfFinancialPositionAbstract" xlink:title="Label : StatementOfFinancialPositionAbstract to label_StatementOfFinancialPositionAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_AuditorLocation" xlink:label="AuditorLocation" xlink:title="AuditorLocation" />
    <link:label xlink:type="resource" xlink:label="label_AuditorLocation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AuditorLocation" xml:lang="en-US" id="label_AuditorLocation">Auditor Location</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AuditorLocation" xlink:to="label_AuditorLocation" xlink:title="Label : AuditorLocation to label_AuditorLocation" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_AuditorFirmId" xlink:label="AuditorFirmId" xlink:title="AuditorFirmId" />
    <link:label xlink:type="resource" xlink:label="label_AuditorFirmId" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AuditorFirmId" xml:lang="en-US" id="label_AuditorFirmId">Auditor Firm ID</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AuditorFirmId" xlink:to="label_AuditorFirmId" xlink:title="Label : AuditorFirmId to label_AuditorFirmId" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_AuditorName" xlink:label="AuditorName" xlink:title="AuditorName" />
    <link:label xlink:type="resource" xlink:label="label_AuditorName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AuditorName" xml:lang="en-US" id="label_AuditorName">Auditor Name</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AuditorName" xlink:to="label_AuditorName" xlink:title="Label : AuditorName to label_AuditorName" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentFinStmtRestatementRecoveryAnalysisFlag" xlink:label="DocumentFinStmtRestatementRecoveryAnalysisFlag" xlink:title="DocumentFinStmtRestatementRecoveryAnalysisFlag" />
    <link:label xlink:type="resource" xlink:label="label_DocumentFinStmtRestatementRecoveryAnalysisFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentFinStmtRestatementRecoveryAnalysisFlag" xml:lang="en-US" id="label_DocumentFinStmtRestatementRecoveryAnalysisFlag">Document Financial Statement Restatement Recovery Analysis [Flag]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentFinStmtRestatementRecoveryAnalysisFlag" xlink:to="label_DocumentFinStmtRestatementRecoveryAnalysisFlag" xlink:title="Label : DocumentFinStmtRestatementRecoveryAnalysisFlag to label_DocumentFinStmtRestatementRecoveryAnalysisFlag" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentFinStmtErrorCorrectionFlag" xlink:label="DocumentFinStmtErrorCorrectionFlag" xlink:title="DocumentFinStmtErrorCorrectionFlag" />
    <link:label xlink:type="resource" xlink:label="label_DocumentFinStmtErrorCorrectionFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentFinStmtErrorCorrectionFlag" xml:lang="en-US" id="label_DocumentFinStmtErrorCorrectionFlag">Document Financial Statement Error Correction [Flag]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentFinStmtErrorCorrectionFlag" xlink:to="label_DocumentFinStmtErrorCorrectionFlag" xlink:title="Label : DocumentFinStmtErrorCorrectionFlag to label_DocumentFinStmtErrorCorrectionFlag" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_IcfrAuditorAttestationFlag" xlink:label="IcfrAuditorAttestationFlag" xlink:title="IcfrAuditorAttestationFlag" />
    <link:label xlink:type="resource" xlink:label="label_IcfrAuditorAttestationFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IcfrAuditorAttestationFlag" xml:lang="en-US" id="label_IcfrAuditorAttestationFlag">ICFR Auditor Attestation Flag</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IcfrAuditorAttestationFlag" xlink:to="label_IcfrAuditorAttestationFlag" xlink:title="Label : IcfrAuditorAttestationFlag to label_IcfrAuditorAttestationFlag" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityShellCompany" xlink:label="EntityShellCompany" xlink:title="EntityShellCompany" />
    <link:label xlink:type="resource" xlink:label="label_EntityShellCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EntityShellCompany" xml:lang="en-US" id="label_EntityShellCompany">Entity Shell Company</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityShellCompany" xlink:to="label_EntityShellCompany" xlink:title="Label : EntityShellCompany to label_EntityShellCompany" />
    <link:label xlink:type="resource" xlink:label="label_EntityShellCompany_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityShellCompany_1" xml:lang="en-US" id="label_EntityShellCompany_1">Entity Shell Company</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityShellCompany" xlink:to="label_EntityShellCompany_1" xlink:title="Label : EntityShellCompany to label_EntityShellCompany_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentAccountingStandard" xlink:label="DocumentAccountingStandard" xlink:title="DocumentAccountingStandard" />
    <link:label xlink:type="resource" xlink:label="label_DocumentAccountingStandard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentAccountingStandard" xml:lang="en-US" id="label_DocumentAccountingStandard">Document Accounting Standard</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentAccountingStandard" xlink:to="label_DocumentAccountingStandard" xlink:title="Label : DocumentAccountingStandard to label_DocumentAccountingStandard" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityEmergingGrowthCompany" xlink:label="EntityEmergingGrowthCompany" xlink:title="EntityEmergingGrowthCompany" />
    <link:label xlink:type="resource" xlink:label="label_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EntityEmergingGrowthCompany" xml:lang="en-US" id="label_EntityEmergingGrowthCompany">Entity Emerging Growth Company</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityEmergingGrowthCompany" xlink:to="label_EntityEmergingGrowthCompany" xlink:title="Label : EntityEmergingGrowthCompany to label_EntityEmergingGrowthCompany" />
    <link:label xlink:type="resource" xlink:label="label_EntityEmergingGrowthCompany_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityEmergingGrowthCompany_1" xml:lang="en-US" id="label_EntityEmergingGrowthCompany_1">Entity Emerging Growth Company</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityEmergingGrowthCompany" xlink:to="label_EntityEmergingGrowthCompany_1" xlink:title="Label : EntityEmergingGrowthCompany to label_EntityEmergingGrowthCompany_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityFilerCategory" xlink:label="EntityFilerCategory" xlink:title="EntityFilerCategory" />
    <link:label xlink:type="resource" xlink:label="label_EntityFilerCategory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EntityFilerCategory" xml:lang="en-US" id="label_EntityFilerCategory">Entity Filer Category</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityFilerCategory" xlink:to="label_EntityFilerCategory" xlink:title="Label : EntityFilerCategory to label_EntityFilerCategory" />
    <link:label xlink:type="resource" xlink:label="label_EntityFilerCategory_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityFilerCategory_1" xml:lang="en-US" id="label_EntityFilerCategory_1">Entity Filer Category</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityFilerCategory" xlink:to="label_EntityFilerCategory_1" xlink:title="Label : EntityFilerCategory to label_EntityFilerCategory_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityInteractiveDataCurrent" xlink:label="EntityInteractiveDataCurrent" xlink:title="EntityInteractiveDataCurrent" />
    <link:label xlink:type="resource" xlink:label="label_EntityInteractiveDataCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityInteractiveDataCurrent" xml:lang="en-US" id="label_EntityInteractiveDataCurrent">Entity Interactive Data Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityInteractiveDataCurrent" xlink:to="label_EntityInteractiveDataCurrent" xlink:title="Label : EntityInteractiveDataCurrent to label_EntityInteractiveDataCurrent" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityCurrentReportingStatus" xlink:label="EntityCurrentReportingStatus" xlink:title="EntityCurrentReportingStatus" />
    <link:label xlink:type="resource" xlink:label="label_EntityCurrentReportingStatus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EntityCurrentReportingStatus" xml:lang="en-US" id="label_EntityCurrentReportingStatus">Entity Current Reporting Status</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityCurrentReportingStatus" xlink:to="label_EntityCurrentReportingStatus" xlink:title="Label : EntityCurrentReportingStatus to label_EntityCurrentReportingStatus" />
    <link:label xlink:type="resource" xlink:label="label_EntityCurrentReportingStatus_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityCurrentReportingStatus_1" xml:lang="en-US" id="label_EntityCurrentReportingStatus_1">Entity Current Reporting Status</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityCurrentReportingStatus" xlink:to="label_EntityCurrentReportingStatus_1" xlink:title="Label : EntityCurrentReportingStatus to label_EntityCurrentReportingStatus_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityVoluntaryFilers" xlink:label="EntityVoluntaryFilers" xlink:title="EntityVoluntaryFilers" />
    <link:label xlink:type="resource" xlink:label="label_EntityVoluntaryFilers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EntityVoluntaryFilers" xml:lang="en-US" id="label_EntityVoluntaryFilers">Entity Voluntary Filers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityVoluntaryFilers" xlink:to="label_EntityVoluntaryFilers" xlink:title="Label : EntityVoluntaryFilers to label_EntityVoluntaryFilers" />
    <link:label xlink:type="resource" xlink:label="label_EntityVoluntaryFilers_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityVoluntaryFilers_1" xml:lang="en-US" id="label_EntityVoluntaryFilers_1">Entity Voluntary Filers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityVoluntaryFilers" xlink:to="label_EntityVoluntaryFilers_1" xlink:title="Label : EntityVoluntaryFilers to label_EntityVoluntaryFilers_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="EntityWellKnownSeasonedIssuer" xlink:title="EntityWellKnownSeasonedIssuer" />
    <link:label xlink:type="resource" xlink:label="label_EntityWellKnownSeasonedIssuer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EntityWellKnownSeasonedIssuer" xml:lang="en-US" id="label_EntityWellKnownSeasonedIssuer">Entity Well-known Seasoned Issuer</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityWellKnownSeasonedIssuer" xlink:to="label_EntityWellKnownSeasonedIssuer" xlink:title="Label : EntityWellKnownSeasonedIssuer to label_EntityWellKnownSeasonedIssuer" />
    <link:label xlink:type="resource" xlink:label="label_EntityWellKnownSeasonedIssuer_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityWellKnownSeasonedIssuer_1" xml:lang="en-US" id="label_EntityWellKnownSeasonedIssuer_1">Entity Well-known Seasoned Issuer</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityWellKnownSeasonedIssuer" xlink:to="label_EntityWellKnownSeasonedIssuer_1" xlink:title="Label : EntityWellKnownSeasonedIssuer to label_EntityWellKnownSeasonedIssuer_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="EntityCommonStockSharesOutstanding" xlink:title="EntityCommonStockSharesOutstanding" />
    <link:label xlink:type="resource" xlink:label="label_EntityCommonStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EntityCommonStockSharesOutstanding" xml:lang="en-US" id="label_EntityCommonStockSharesOutstanding">Entity Common Stock, Shares Outstanding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityCommonStockSharesOutstanding" xlink:to="label_EntityCommonStockSharesOutstanding" xlink:title="Label : EntityCommonStockSharesOutstanding to label_EntityCommonStockSharesOutstanding" />
    <link:label xlink:type="resource" xlink:label="label_EntityCommonStockSharesOutstanding_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityCommonStockSharesOutstanding_1" xml:lang="en-US" id="label_EntityCommonStockSharesOutstanding_1">Entity Common Stock, Shares Outstanding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityCommonStockSharesOutstanding" xlink:to="label_EntityCommonStockSharesOutstanding_1" xlink:title="Label : EntityCommonStockSharesOutstanding to label_EntityCommonStockSharesOutstanding_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_SecurityExchangeName" xlink:label="SecurityExchangeName" xlink:title="SecurityExchangeName" />
    <link:label xlink:type="resource" xlink:label="label_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SecurityExchangeName" xml:lang="en-US" id="label_SecurityExchangeName">Security Exchange Name</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecurityExchangeName" xlink:to="label_SecurityExchangeName" xlink:title="Label : SecurityExchangeName to label_SecurityExchangeName" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_TradingSymbol" xlink:label="TradingSymbol" xlink:title="TradingSymbol" />
    <link:label xlink:type="resource" xlink:label="label_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradingSymbol" xml:lang="en-US" id="label_TradingSymbol">Trading Symbol</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradingSymbol" xlink:to="label_TradingSymbol" xlink:title="Label : TradingSymbol to label_TradingSymbol" />
    <link:label xlink:type="resource" xlink:label="label_TradingSymbol_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradingSymbol_1" xml:lang="en-US" id="label_TradingSymbol_1">Trading Symbol</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradingSymbol" xlink:to="label_TradingSymbol_1" xlink:title="Label : TradingSymbol to label_TradingSymbol_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_Security12bTitle" xlink:label="Security12bTitle" xlink:title="Security12bTitle" />
    <link:label xlink:type="resource" xlink:label="label_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Security12bTitle" xml:lang="en-US" id="label_Security12bTitle">Title of 12(b) Security</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Security12bTitle" xlink:to="label_Security12bTitle" xlink:title="Label : Security12bTitle to label_Security12bTitle" />
    <link:label xlink:type="resource" xlink:label="label_Security12bTitle_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Security12bTitle_1" xml:lang="en-US" id="label_Security12bTitle_1">Title of 12(b) Security</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Security12bTitle" xlink:to="label_Security12bTitle_1" xlink:title="Label : Security12bTitle to label_Security12bTitle_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_LocalPhoneNumber" xlink:label="LocalPhoneNumber" xlink:title="LocalPhoneNumber" />
    <link:label xlink:type="resource" xlink:label="label_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LocalPhoneNumber" xml:lang="en-US" id="label_LocalPhoneNumber">Local Phone Number</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LocalPhoneNumber" xlink:to="label_LocalPhoneNumber" xlink:title="Label : LocalPhoneNumber to label_LocalPhoneNumber" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_CityAreaCode" xlink:label="CityAreaCode" xlink:title="CityAreaCode" />
    <link:label xlink:type="resource" xlink:label="label_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CityAreaCode" xml:lang="en-US" id="label_CityAreaCode">City Area Code</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CityAreaCode" xlink:to="label_CityAreaCode" xlink:title="Label : CityAreaCode to label_CityAreaCode" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressPostalZipCode" xlink:label="EntityAddressPostalZipCode" xlink:title="EntityAddressPostalZipCode" />
    <link:label xlink:type="resource" xlink:label="label_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityAddressPostalZipCode" xml:lang="en-US" id="label_EntityAddressPostalZipCode">Entity Address, Postal Zip Code</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressPostalZipCode" xlink:to="label_EntityAddressPostalZipCode" xlink:title="Label : EntityAddressPostalZipCode to label_EntityAddressPostalZipCode" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressCountry" xlink:label="EntityAddressCountry" xlink:title="EntityAddressCountry" />
    <link:label xlink:type="resource" xlink:label="label_EntityAddressCountry" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityAddressCountry" xml:lang="en-US" id="label_EntityAddressCountry">Entity Address, Country</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressCountry" xlink:to="label_EntityAddressCountry" xlink:title="Label : EntityAddressCountry to label_EntityAddressCountry" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressCityOrTown" xlink:label="EntityAddressCityOrTown" xlink:title="EntityAddressCityOrTown" />
    <link:label xlink:type="resource" xlink:label="label_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityAddressCityOrTown" xml:lang="en-US" id="label_EntityAddressCityOrTown">Entity Address, City or Town</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressCityOrTown" xlink:to="label_EntityAddressCityOrTown" xlink:title="Label : EntityAddressCityOrTown to label_EntityAddressCityOrTown" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressAddressLine1" xlink:label="EntityAddressAddressLine1" xlink:title="EntityAddressAddressLine1" />
    <link:label xlink:type="resource" xlink:label="label_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityAddressAddressLine1" xml:lang="en-US" id="label_EntityAddressAddressLine1">Entity Address, Address Line One</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressAddressLine1" xlink:to="label_EntityAddressAddressLine1" xlink:title="Label : EntityAddressAddressLine1 to label_EntityAddressAddressLine1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_ContactPersonnelName" xlink:label="ContactPersonnelName" xlink:title="ContactPersonnelName" />
    <link:label xlink:type="resource" xlink:label="label_ContactPersonnelName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContactPersonnelName" xml:lang="en-US" id="label_ContactPersonnelName">Contact Personnel Name</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContactPersonnelName" xlink:to="label_ContactPersonnelName" xlink:title="Label : ContactPersonnelName to label_ContactPersonnelName" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="EntityIncorporationStateCountryCode" xlink:title="EntityIncorporationStateCountryCode" />
    <link:label xlink:type="resource" xlink:label="label_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityIncorporationStateCountryCode" xml:lang="en-US" id="label_EntityIncorporationStateCountryCode">Entity Incorporation, State or Country Code</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityIncorporationStateCountryCode" xlink:to="label_EntityIncorporationStateCountryCode" xlink:title="Label : EntityIncorporationStateCountryCode to label_EntityIncorporationStateCountryCode" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityCentralIndexKey" xlink:label="EntityCentralIndexKey" xlink:title="EntityCentralIndexKey" />
    <link:label xlink:type="resource" xlink:label="label_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EntityCentralIndexKey" xml:lang="en-US" id="label_EntityCentralIndexKey">Entity Central Index Key</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityCentralIndexKey" xlink:to="label_EntityCentralIndexKey" xlink:title="Label : EntityCentralIndexKey to label_EntityCentralIndexKey" />
    <link:label xlink:type="resource" xlink:label="label_EntityCentralIndexKey_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityCentralIndexKey_1" xml:lang="en-US" id="label_EntityCentralIndexKey_1">Entity Central Index Key</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityCentralIndexKey" xlink:to="label_EntityCentralIndexKey_1" xlink:title="Label : EntityCentralIndexKey to label_EntityCentralIndexKey_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityFileNumber" xlink:label="EntityFileNumber" xlink:title="EntityFileNumber" />
    <link:label xlink:type="resource" xlink:label="label_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityFileNumber" xml:lang="en-US" id="label_EntityFileNumber">Entity File Number</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityFileNumber" xlink:to="label_EntityFileNumber" xlink:title="Label : EntityFileNumber to label_EntityFileNumber" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" xlink:title="EntityRegistrantName" />
    <link:label xlink:type="resource" xlink:label="label_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EntityRegistrantName" xml:lang="en-US" id="label_EntityRegistrantName">Entity Registrant Name</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityRegistrantName" xlink:to="label_EntityRegistrantName" xlink:title="Label : EntityRegistrantName to label_EntityRegistrantName" />
    <link:label xlink:type="resource" xlink:label="label_EntityRegistrantName_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityRegistrantName_1" xml:lang="en-US" id="label_EntityRegistrantName_1">Entity Registrant Name</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityRegistrantName" xlink:to="label_EntityRegistrantName_1" xlink:title="Label : EntityRegistrantName to label_EntityRegistrantName_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentShellCompanyReport" xlink:label="DocumentShellCompanyReport" xlink:title="DocumentShellCompanyReport" />
    <link:label xlink:type="resource" xlink:label="label_DocumentShellCompanyReport" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DocumentShellCompanyReport" xml:lang="en-US" id="label_DocumentShellCompanyReport">Document Shell Company Report</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentShellCompanyReport" xlink:to="label_DocumentShellCompanyReport" xlink:title="Label : DocumentShellCompanyReport to label_DocumentShellCompanyReport" />
    <link:label xlink:type="resource" xlink:label="label_DocumentShellCompanyReport_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentShellCompanyReport_1" xml:lang="en-US" id="label_DocumentShellCompanyReport_1">Document Shell Company Report</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentShellCompanyReport" xlink:to="label_DocumentShellCompanyReport_1" xlink:title="Label : DocumentShellCompanyReport to label_DocumentShellCompanyReport_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentTransitionReport" xlink:label="DocumentTransitionReport" xlink:title="DocumentTransitionReport" />
    <link:label xlink:type="resource" xlink:label="label_DocumentTransitionReport" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DocumentTransitionReport" xml:lang="en-US" id="label_DocumentTransitionReport">Document Transition Report</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentTransitionReport" xlink:to="label_DocumentTransitionReport" xlink:title="Label : DocumentTransitionReport to label_DocumentTransitionReport" />
    <link:label xlink:type="resource" xlink:label="label_DocumentTransitionReport_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentTransitionReport_1" xml:lang="en-US" id="label_DocumentTransitionReport_1">Document Transition Report</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentTransitionReport" xlink:to="label_DocumentTransitionReport_1" xlink:title="Label : DocumentTransitionReport to label_DocumentTransitionReport_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentAnnualReport" xlink:label="DocumentAnnualReport" xlink:title="DocumentAnnualReport" />
    <link:label xlink:type="resource" xlink:label="label_DocumentAnnualReport" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DocumentAnnualReport" xml:lang="en-US" id="label_DocumentAnnualReport">Document Annual Report</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentAnnualReport" xlink:to="label_DocumentAnnualReport" xlink:title="Label : DocumentAnnualReport to label_DocumentAnnualReport" />
    <link:label xlink:type="resource" xlink:label="label_DocumentAnnualReport_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentAnnualReport_1" xml:lang="en-US" id="label_DocumentAnnualReport_1">Document Annual Report</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentAnnualReport" xlink:to="label_DocumentAnnualReport_1" xlink:title="Label : DocumentAnnualReport to label_DocumentAnnualReport_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentRegistrationStatement" xlink:label="DocumentRegistrationStatement" xlink:title="DocumentRegistrationStatement" />
    <link:label xlink:type="resource" xlink:label="label_DocumentRegistrationStatement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentRegistrationStatement" xml:lang="en-US" id="label_DocumentRegistrationStatement">Document Registration Statement</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentRegistrationStatement" xlink:to="label_DocumentRegistrationStatement" xlink:title="Label : DocumentRegistrationStatement to label_DocumentRegistrationStatement" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="DocumentFiscalPeriodFocus" xlink:title="DocumentFiscalPeriodFocus" />
    <link:label xlink:type="resource" xlink:label="label_DocumentFiscalPeriodFocus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DocumentFiscalPeriodFocus" xml:lang="en-US" id="label_DocumentFiscalPeriodFocus">Document Fiscal Period Focus</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentFiscalPeriodFocus" xlink:to="label_DocumentFiscalPeriodFocus" xlink:title="Label : DocumentFiscalPeriodFocus to label_DocumentFiscalPeriodFocus" />
    <link:label xlink:type="resource" xlink:label="label_DocumentFiscalPeriodFocus_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentFiscalPeriodFocus_1" xml:lang="en-US" id="label_DocumentFiscalPeriodFocus_1">Document Fiscal Period Focus</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentFiscalPeriodFocus" xlink:to="label_DocumentFiscalPeriodFocus_1" xlink:title="Label : DocumentFiscalPeriodFocus to label_DocumentFiscalPeriodFocus_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentFiscalYearFocus" xlink:label="DocumentFiscalYearFocus" xlink:title="DocumentFiscalYearFocus" />
    <link:label xlink:type="resource" xlink:label="label_DocumentFiscalYearFocus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DocumentFiscalYearFocus" xml:lang="en-US" id="label_DocumentFiscalYearFocus">Document Fiscal Year Focus</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentFiscalYearFocus" xlink:to="label_DocumentFiscalYearFocus" xlink:title="Label : DocumentFiscalYearFocus to label_DocumentFiscalYearFocus" />
    <link:label xlink:type="resource" xlink:label="label_DocumentFiscalYearFocus_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentFiscalYearFocus_1" xml:lang="en-US" id="label_DocumentFiscalYearFocus_1">Document Fiscal Year Focus</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentFiscalYearFocus" xlink:to="label_DocumentFiscalYearFocus_1" xlink:title="Label : DocumentFiscalYearFocus to label_DocumentFiscalYearFocus_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_CurrentFiscalYearEndDate" xlink:label="CurrentFiscalYearEndDate" xlink:title="CurrentFiscalYearEndDate" />
    <link:label xlink:type="resource" xlink:label="label_CurrentFiscalYearEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentFiscalYearEndDate" xml:lang="en-US" id="label_CurrentFiscalYearEndDate">Current Fiscal Year End Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentFiscalYearEndDate" xlink:to="label_CurrentFiscalYearEndDate" xlink:title="Label : CurrentFiscalYearEndDate to label_CurrentFiscalYearEndDate" />
    <link:label xlink:type="resource" xlink:label="label_CurrentFiscalYearEndDate_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentFiscalYearEndDate_1" xml:lang="en-US" id="label_CurrentFiscalYearEndDate_1">Current Fiscal Year End Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentFiscalYearEndDate" xlink:to="label_CurrentFiscalYearEndDate_1" xlink:title="Label : CurrentFiscalYearEndDate to label_CurrentFiscalYearEndDate_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentPeriodEndDate" xlink:label="DocumentPeriodEndDate" xlink:title="DocumentPeriodEndDate" />
    <link:label xlink:type="resource" xlink:label="label_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DocumentPeriodEndDate" xml:lang="en-US" id="label_DocumentPeriodEndDate">Document Period End Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentPeriodEndDate" xlink:to="label_DocumentPeriodEndDate" xlink:title="Label : DocumentPeriodEndDate to label_DocumentPeriodEndDate" />
    <link:label xlink:type="resource" xlink:label="label_DocumentPeriodEndDate_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentPeriodEndDate_1" xml:lang="en-US" id="label_DocumentPeriodEndDate_1">Document Period End Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentPeriodEndDate" xlink:to="label_DocumentPeriodEndDate_1" xlink:title="Label : DocumentPeriodEndDate to label_DocumentPeriodEndDate_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_AmendmentFlag" xlink:label="AmendmentFlag" xlink:title="AmendmentFlag" />
    <link:label xlink:type="resource" xlink:label="label_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmendmentFlag" xml:lang="en-US" id="label_AmendmentFlag">Amendment Flag</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmendmentFlag" xlink:to="label_AmendmentFlag" xlink:title="Label : AmendmentFlag to label_AmendmentFlag" />
    <link:label xlink:type="resource" xlink:label="label_AmendmentFlag_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmendmentFlag_1" xml:lang="en-US" id="label_AmendmentFlag_1">Amendment Flag</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmendmentFlag" xlink:to="label_AmendmentFlag_1" xlink:title="Label : AmendmentFlag to label_AmendmentFlag_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentType" xlink:label="DocumentType" xlink:title="DocumentType" />
    <link:label xlink:type="resource" xlink:label="label_DocumentType" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentType" xml:lang="en-US" id="label_DocumentType">Document Type</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentType" xlink:to="label_DocumentType" xlink:title="Label : DocumentType to label_DocumentType" />
    <link:label xlink:type="resource" xlink:label="label_DocumentType_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DocumentType_1" xml:lang="en-US" id="label_DocumentType_1">Document Type</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentType" xlink:to="label_DocumentType_1" xlink:title="Label : DocumentType to label_DocumentType_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentInformationLineItems" xlink:label="DocumentInformationLineItems" xlink:title="DocumentInformationLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DocumentInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentInformationLineItems" xml:lang="en-US" id="label_DocumentInformationLineItems">Document Information [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentInformationLineItems" xlink:to="label_DocumentInformationLineItems" xlink:title="Label : DocumentInformationLineItems to label_DocumentInformationLineItems" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_BusinessContactMember" xlink:label="BusinessContactMember" xlink:title="BusinessContactMember" />
    <link:label xlink:type="resource" xlink:label="label_BusinessContactMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BusinessContactMember" xml:lang="en-US" id="label_BusinessContactMember">Business Contact [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessContactMember" xlink:to="label_BusinessContactMember" xlink:title="Label : BusinessContactMember to label_BusinessContactMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_AddressTypeDomain" xlink:label="AddressTypeDomain" xlink:title="AddressTypeDomain" />
    <link:label xlink:type="resource" xlink:label="label_AddressTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AddressTypeDomain" xml:lang="en-US" id="label_AddressTypeDomain">Address Type [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AddressTypeDomain" xlink:to="label_AddressTypeDomain" xlink:title="Label : AddressTypeDomain to label_AddressTypeDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressesAddressTypeAxis" xlink:label="EntityAddressesAddressTypeAxis" xlink:title="EntityAddressesAddressTypeAxis" />
    <link:label xlink:type="resource" xlink:label="label_EntityAddressesAddressTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityAddressesAddressTypeAxis" xml:lang="en-US" id="label_EntityAddressesAddressTypeAxis">Entity Addresses, Address Type [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressesAddressTypeAxis" xlink:to="label_EntityAddressesAddressTypeAxis" xlink:title="Label : EntityAddressesAddressTypeAxis to label_EntityAddressesAddressTypeAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentInformationTable" xlink:label="DocumentInformationTable" xlink:title="DocumentInformationTable" />
    <link:label xlink:type="resource" xlink:label="label_DocumentInformationTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentInformationTable" xml:lang="en-US" id="label_DocumentInformationTable">Document Information [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentInformationTable" xlink:to="label_DocumentInformationTable" xlink:title="Label : DocumentInformationTable to label_DocumentInformationTable" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_CoverAbstract" xlink:label="CoverAbstract" xlink:title="CoverAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CoverAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CoverAbstract" xml:lang="en-US" id="label_CoverAbstract">Cover [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CoverAbstract" xlink:to="label_CoverAbstract" xlink:title="Label : CoverAbstract to label_CoverAbstract" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity_1">The increase (decrease) in equity resulting from issuance of shares related to the subscription warrants - indemnification.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity" xlink:to="label_IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity_1" xlink:title="Label : IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity to label_IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfShareCapitalAxis" xlink:label="ClassesOfShareCapitalAxis" xlink:title="ClassesOfShareCapitalAxis" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfShareCapitalAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfShareCapitalAxis" xml:lang="en-US" id="label_ClassesOfShareCapitalAxis">Classes of share capital [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfShareCapitalAxis" xlink:to="label_ClassesOfShareCapitalAxis" xlink:title="Label : ClassesOfShareCapitalAxis to label_ClassesOfShareCapitalAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfClassesOfShareCapitalTable" xlink:label="DisclosureOfClassesOfShareCapitalTable" xlink:title="DisclosureOfClassesOfShareCapitalTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfClassesOfShareCapitalTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfClassesOfShareCapitalTable" xml:lang="en-US" id="label_DisclosureOfClassesOfShareCapitalTable">Disclosure of classes of share capital [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfClassesOfShareCapitalTable" xlink:to="label_DisclosureOfClassesOfShareCapitalTable" xlink:title="Label : DisclosureOfClassesOfShareCapitalTable to label_DisclosureOfClassesOfShareCapitalTable" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants" xlink:label="MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants" xlink:title="MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants" />
    <link:label xlink:type="resource" xlink:label="label_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants" xml:lang="en-US" id="label_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants">Maximum number of shares available for issue subscription warrants</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants" xlink:to="label_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants" xlink:title="Label : MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants to label_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants" />
    <link:label xlink:type="resource" xlink:label="label_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants_1" xml:lang="en-US" id="label_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants_1">Maximum number of shares available for issue - subscription warrants</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants" xlink:to="label_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants_1" xlink:title="Label : MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants to label_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants_1" />
    <link:label xlink:type="resource" xlink:label="label_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants_2" xml:lang="en-US" id="label_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants_2">The maximum number of shares available for issue for subscription warrants.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants" xlink:to="label_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants_2" xlink:title="Label : MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants to label_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SubscriptionWarrants" xlink:label="SubscriptionWarrants" xlink:title="SubscriptionWarrants" />
    <link:label xlink:type="resource" xlink:label="label_SubscriptionWarrants" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SubscriptionWarrants" xml:lang="en-US" id="label_SubscriptionWarrants">The amount of subscription warrants indemnification.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubscriptionWarrants" xlink:to="label_SubscriptionWarrants" xlink:title="Label : SubscriptionWarrants to label_SubscriptionWarrants" />
    <link:label xlink:type="resource" xlink:label="label_SubscriptionWarrants_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubscriptionWarrants_1" xml:lang="en-US" id="label_SubscriptionWarrants_1">Subscription warrants</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubscriptionWarrants" xlink:to="label_SubscriptionWarrants_1" xlink:title="Label : SubscriptionWarrants to label_SubscriptionWarrants_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity_2">Issuance of shares related to the subscription warrants - indemnification</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity" xlink:to="label_IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity_2" xlink:title="Label : IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity to label_IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity_2" />
    <link:label xlink:type="resource" xlink:label="label_SubscriptionWarrants_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SubscriptionWarrants_2" xml:lang="en-US" id="label_SubscriptionWarrants_2">Subscription warrants - indemnification</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubscriptionWarrants" xlink:to="label_SubscriptionWarrants_2" xlink:title="Label : SubscriptionWarrants to label_SubscriptionWarrants_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SubscriptionWarrantsShares" xlink:label="SubscriptionWarrantsShares" xlink:title="SubscriptionWarrantsShares" />
    <link:label xlink:type="resource" xlink:label="label_SubscriptionWarrantsShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SubscriptionWarrantsShares" xml:lang="en-US" id="label_SubscriptionWarrantsShares">The number of shares outstanding for subscription warrants.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubscriptionWarrantsShares" xlink:to="label_SubscriptionWarrantsShares" xlink:title="Label : SubscriptionWarrantsShares to label_SubscriptionWarrantsShares" />
    <link:label xlink:type="resource" xlink:label="label_SubscriptionWarrantsShares_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubscriptionWarrantsShares_1" xml:lang="en-US" id="label_SubscriptionWarrantsShares_1">Subscription warrants shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubscriptionWarrantsShares" xlink:to="label_SubscriptionWarrantsShares_1" xlink:title="Label : SubscriptionWarrantsShares to label_SubscriptionWarrantsShares_1" />
    <link:label xlink:type="resource" xlink:label="label_SubscriptionWarrantsShares_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SubscriptionWarrantsShares_2" xml:lang="en-US" id="label_SubscriptionWarrantsShares_2">Subscription warrants, shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubscriptionWarrantsShares" xlink:to="label_SubscriptionWarrantsShares_2" xlink:title="Label : SubscriptionWarrantsShares to label_SubscriptionWarrantsShares_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ExerciseOfWarrantsRightsOutstanding" xlink:label="ExerciseOfWarrantsRightsOutstanding" xlink:title="ExerciseOfWarrantsRightsOutstanding" />
    <link:label xlink:type="resource" xlink:label="label_ExerciseOfWarrantsRightsOutstanding" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ExerciseOfWarrantsRightsOutstanding" xml:lang="en-US" id="label_ExerciseOfWarrantsRightsOutstanding">The number of warrants rights outstanding for exercise of the rights.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExerciseOfWarrantsRightsOutstanding" xlink:to="label_ExerciseOfWarrantsRightsOutstanding" xlink:title="Label : ExerciseOfWarrantsRightsOutstanding to label_ExerciseOfWarrantsRightsOutstanding" />
    <link:label xlink:type="resource" xlink:label="label_ExerciseOfWarrantsRightsOutstanding_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ExerciseOfWarrantsRightsOutstanding_1" xml:lang="en-US" id="label_ExerciseOfWarrantsRightsOutstanding_1">Rights Outstanding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExerciseOfWarrantsRightsOutstanding" xlink:to="label_ExerciseOfWarrantsRightsOutstanding_1" xlink:title="Label : ExerciseOfWarrantsRightsOutstanding to label_ExerciseOfWarrantsRightsOutstanding_1" />
    <link:label xlink:type="resource" xlink:label="label_ExerciseOfWarrantsRightsOutstanding_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExerciseOfWarrantsRightsOutstanding_2" xml:lang="en-US" id="label_ExerciseOfWarrantsRightsOutstanding_2">Rights outstanding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExerciseOfWarrantsRightsOutstanding" xlink:to="label_ExerciseOfWarrantsRightsOutstanding_2" xlink:title="Label : ExerciseOfWarrantsRightsOutstanding to label_ExerciseOfWarrantsRightsOutstanding_2" />
    <link:label xlink:type="resource" xlink:label="label_ExerciseOfWarrantsRightsOutstanding_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExerciseOfWarrantsRightsOutstanding_3" xml:lang="en-US" id="label_ExerciseOfWarrantsRightsOutstanding_3">Exercise Of Warrants Rights Outstanding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExerciseOfWarrantsRightsOutstanding" xlink:to="label_ExerciseOfWarrantsRightsOutstanding_3" xlink:title="Label : ExerciseOfWarrantsRightsOutstanding to label_ExerciseOfWarrantsRightsOutstanding_3" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_MaximumNumberOfSharesToBeIssuedSubscriptionWarrants" xlink:label="MaximumNumberOfSharesToBeIssuedSubscriptionWarrants" xlink:title="MaximumNumberOfSharesToBeIssuedSubscriptionWarrants" />
    <link:label xlink:type="resource" xlink:label="label_MaximumNumberOfSharesToBeIssuedSubscriptionWarrants" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaximumNumberOfSharesToBeIssuedSubscriptionWarrants" xml:lang="en-US" id="label_MaximumNumberOfSharesToBeIssuedSubscriptionWarrants">Maximum number of shares to be issued - subscription warrants</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumNumberOfSharesToBeIssuedSubscriptionWarrants" xlink:to="label_MaximumNumberOfSharesToBeIssuedSubscriptionWarrants" xlink:title="Label : MaximumNumberOfSharesToBeIssuedSubscriptionWarrants to label_MaximumNumberOfSharesToBeIssuedSubscriptionWarrants" />
    <link:label xlink:type="resource" xlink:label="label_MaximumNumberOfSharesToBeIssuedSubscriptionWarrants_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MaximumNumberOfSharesToBeIssuedSubscriptionWarrants_1" xml:lang="en-US" id="label_MaximumNumberOfSharesToBeIssuedSubscriptionWarrants_1">Maximum number of shares to be issued - subscription warrants</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumNumberOfSharesToBeIssuedSubscriptionWarrants" xlink:to="label_MaximumNumberOfSharesToBeIssuedSubscriptionWarrants_1" xlink:title="Label : MaximumNumberOfSharesToBeIssuedSubscriptionWarrants to label_MaximumNumberOfSharesToBeIssuedSubscriptionWarrants_1" />
    <link:label xlink:type="resource" xlink:label="label_MaximumNumberOfSharesToBeIssuedSubscriptionWarrants_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaximumNumberOfSharesToBeIssuedSubscriptionWarrants_2" xml:lang="en-US" id="label_MaximumNumberOfSharesToBeIssuedSubscriptionWarrants_2">The maximum number of shares to be issued for subscription warrants.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumNumberOfSharesToBeIssuedSubscriptionWarrants" xlink:to="label_MaximumNumberOfSharesToBeIssuedSubscriptionWarrants_2" xlink:title="Label : MaximumNumberOfSharesToBeIssuedSubscriptionWarrants to label_MaximumNumberOfSharesToBeIssuedSubscriptionWarrants_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SubscriptionWarrantsSharesIssued" xlink:label="SubscriptionWarrantsSharesIssued" xlink:title="SubscriptionWarrantsSharesIssued" />
    <link:label xlink:type="resource" xlink:label="label_SubscriptionWarrantsSharesIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubscriptionWarrantsSharesIssued" xml:lang="en-US" id="label_SubscriptionWarrantsSharesIssued">Subscription warrants shares issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubscriptionWarrantsSharesIssued" xlink:to="label_SubscriptionWarrantsSharesIssued" xlink:title="Label : SubscriptionWarrantsSharesIssued to label_SubscriptionWarrantsSharesIssued" />
    <link:label xlink:type="resource" xlink:label="label_SubscriptionWarrantsSharesIssued_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SubscriptionWarrantsSharesIssued_1" xml:lang="en-US" id="label_SubscriptionWarrantsSharesIssued_1">Subscription warrants shares issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubscriptionWarrantsSharesIssued" xlink:to="label_SubscriptionWarrantsSharesIssued_1" xlink:title="Label : SubscriptionWarrantsSharesIssued to label_SubscriptionWarrantsSharesIssued_1" />
    <link:label xlink:type="resource" xlink:label="label_SubscriptionWarrantsSharesIssued_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SubscriptionWarrantsSharesIssued_2" xml:lang="en-US" id="label_SubscriptionWarrantsSharesIssued_2">The number of shares issued for subscription warrants.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubscriptionWarrantsSharesIssued" xlink:to="label_SubscriptionWarrantsSharesIssued_2" xlink:title="Label : SubscriptionWarrantsSharesIssued to label_SubscriptionWarrantsSharesIssued_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfSubscriptionWarrantsTable" xlink:label="DisclosureOfSubscriptionWarrantsTable" xlink:title="DisclosureOfSubscriptionWarrantsTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfSubscriptionWarrantsTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfSubscriptionWarrantsTable" xml:lang="en-US" id="label_DisclosureOfSubscriptionWarrantsTable">Schedule disclosing information related to the subscription warrant.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfSubscriptionWarrantsTable" xlink:to="label_DisclosureOfSubscriptionWarrantsTable" xlink:title="Label : DisclosureOfSubscriptionWarrantsTable to label_DisclosureOfSubscriptionWarrantsTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfSubscriptionWarrantsTable_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfSubscriptionWarrantsTable_1" xml:lang="en-US" id="label_DisclosureOfSubscriptionWarrantsTable_1">Disclosure Of Subscription Warrants [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfSubscriptionWarrantsTable" xlink:to="label_DisclosureOfSubscriptionWarrantsTable_1" xlink:title="Label : DisclosureOfSubscriptionWarrantsTable to label_DisclosureOfSubscriptionWarrantsTable_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DeferredRevenueReclassifiedToALiabilityHeldForSale" xlink:label="DeferredRevenueReclassifiedToALiabilityHeldForSale" xlink:title="DeferredRevenueReclassifiedToALiabilityHeldForSale" />
    <link:label xlink:type="resource" xlink:label="label_DeferredRevenueReclassifiedToALiabilityHeldForSale" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DeferredRevenueReclassifiedToALiabilityHeldForSale" xml:lang="en-US" id="label_DeferredRevenueReclassifiedToALiabilityHeldForSale">The amount of deferred revenue is reclassified as a liability as held for sale.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredRevenueReclassifiedToALiabilityHeldForSale" xlink:to="label_DeferredRevenueReclassifiedToALiabilityHeldForSale" xlink:title="Label : DeferredRevenueReclassifiedToALiabilityHeldForSale to label_DeferredRevenueReclassifiedToALiabilityHeldForSale" />
    <link:label xlink:type="resource" xlink:label="label_DeferredRevenueReclassifiedToALiabilityHeldForSale_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredRevenueReclassifiedToALiabilityHeldForSale_1" xml:lang="en-US" id="label_DeferredRevenueReclassifiedToALiabilityHeldForSale_1">Deferred revenue reclassified to a liability held for sale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredRevenueReclassifiedToALiabilityHeldForSale" xlink:to="label_DeferredRevenueReclassifiedToALiabilityHeldForSale_1" xlink:title="Label : DeferredRevenueReclassifiedToALiabilityHeldForSale to label_DeferredRevenueReclassifiedToALiabilityHeldForSale_1" />
    <link:label xlink:type="resource" xlink:label="label_DeferredRevenueReclassifiedToALiabilityHeldForSale_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredRevenueReclassifiedToALiabilityHeldForSale_2" xml:lang="en-US" id="label_DeferredRevenueReclassifiedToALiabilityHeldForSale_2">Deferred Revenue Reclassified to A Liability Held for Sale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredRevenueReclassifiedToALiabilityHeldForSale" xlink:to="label_DeferredRevenueReclassifiedToALiabilityHeldForSale_2" xlink:title="Label : DeferredRevenueReclassifiedToALiabilityHeldForSale to label_DeferredRevenueReclassifiedToALiabilityHeldForSale_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ExchangePeriodOfLoyaltyProgramPointsForCustomers" xlink:label="ExchangePeriodOfLoyaltyProgramPointsForCustomers" xlink:title="ExchangePeriodOfLoyaltyProgramPointsForCustomers" />
    <link:label xlink:type="resource" xlink:label="label_ExchangePeriodOfLoyaltyProgramPointsForCustomers" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ExchangePeriodOfLoyaltyProgramPointsForCustomers" xml:lang="en-US" id="label_ExchangePeriodOfLoyaltyProgramPointsForCustomers">The exchange period of loyalty program points for customers.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExchangePeriodOfLoyaltyProgramPointsForCustomers" xlink:to="label_ExchangePeriodOfLoyaltyProgramPointsForCustomers" xlink:title="Label : ExchangePeriodOfLoyaltyProgramPointsForCustomers to label_ExchangePeriodOfLoyaltyProgramPointsForCustomers" />
    <link:label xlink:type="resource" xlink:label="label_ExchangePeriodOfLoyaltyProgramPointsForCustomers_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExchangePeriodOfLoyaltyProgramPointsForCustomers_1" xml:lang="en-US" id="label_ExchangePeriodOfLoyaltyProgramPointsForCustomers_1">Exchange period of loyalty program points for customers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExchangePeriodOfLoyaltyProgramPointsForCustomers" xlink:to="label_ExchangePeriodOfLoyaltyProgramPointsForCustomers_1" xlink:title="Label : ExchangePeriodOfLoyaltyProgramPointsForCustomers to label_ExchangePeriodOfLoyaltyProgramPointsForCustomers_1" />
    <link:label xlink:type="resource" xlink:label="label_ExchangePeriodOfLoyaltyProgramPointsForCustomers_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExchangePeriodOfLoyaltyProgramPointsForCustomers_2" xml:lang="en-US" id="label_ExchangePeriodOfLoyaltyProgramPointsForCustomers_2">Exchange Period of Loyalty Program Points for Customers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExchangePeriodOfLoyaltyProgramPointsForCustomers" xlink:to="label_ExchangePeriodOfLoyaltyProgramPointsForCustomers_2" xlink:title="Label : ExchangePeriodOfLoyaltyProgramPointsForCustomers to label_ExchangePeriodOfLoyaltyProgramPointsForCustomers_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfStores1" xlink:label="NumberOfStores1" xlink:title="NumberOfStores1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfStores1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfStores1" xml:lang="en-US" id="label_NumberOfStores1">Number Of Stores1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfStores1" xlink:to="label_NumberOfStores1" xlink:title="Label : NumberOfStores1 to label_NumberOfStores1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfStores1_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfStores1_1" xml:lang="en-US" id="label_NumberOfStores1_1">Number of stores</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfStores1" xlink:to="label_NumberOfStores1_1" xlink:title="Label : NumberOfStores1 to label_NumberOfStores1_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfStores1_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfStores1_2" xml:lang="en-US" id="label_NumberOfStores1_2">The number of stores.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfStores1" xlink:to="label_NumberOfStores1_2" xlink:title="Label : NumberOfStores1 to label_NumberOfStores1_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NumberOfStoresWhichHaveNotYetMetPerformanceRequirements" xlink:label="NumberOfStoresWhichHaveNotYetMetPerformanceRequirements" xlink:title="NumberOfStoresWhichHaveNotYetMetPerformanceRequirements" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfStoresWhichHaveNotYetMetPerformanceRequirements" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfStoresWhichHaveNotYetMetPerformanceRequirements" xml:lang="en-US" id="label_NumberOfStoresWhichHaveNotYetMetPerformanceRequirements">Number of stores which have not yet met performance requirements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfStoresWhichHaveNotYetMetPerformanceRequirements" xlink:to="label_NumberOfStoresWhichHaveNotYetMetPerformanceRequirements" xlink:title="Label : NumberOfStoresWhichHaveNotYetMetPerformanceRequirements to label_NumberOfStoresWhichHaveNotYetMetPerformanceRequirements" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfStoresWhichHaveNotYetMetPerformanceRequirements_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfStoresWhichHaveNotYetMetPerformanceRequirements_1" xml:lang="en-US" id="label_NumberOfStoresWhichHaveNotYetMetPerformanceRequirements_1">The number of stores which have not yet been met performance requirements.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfStoresWhichHaveNotYetMetPerformanceRequirements" xlink:to="label_NumberOfStoresWhichHaveNotYetMetPerformanceRequirements_1" xlink:title="Label : NumberOfStoresWhichHaveNotYetMetPerformanceRequirements to label_NumberOfStoresWhichHaveNotYetMetPerformanceRequirements_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfStoresWhichHaveNotYetMetPerformanceRequirements_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfStoresWhichHaveNotYetMetPerformanceRequirements_2" xml:lang="en-US" id="label_NumberOfStoresWhichHaveNotYetMetPerformanceRequirements_2">Number of Stores Which Have Not Yet Met Performance Requirements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfStoresWhichHaveNotYetMetPerformanceRequirements" xlink:to="label_NumberOfStoresWhichHaveNotYetMetPerformanceRequirements_2" xlink:title="Label : NumberOfStoresWhichHaveNotYetMetPerformanceRequirements to label_NumberOfStoresWhichHaveNotYetMetPerformanceRequirements_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_JetOilMember" xlink:label="JetOilMember" xlink:title="JetOilMember" />
    <link:label xlink:type="resource" xlink:label="label_JetOilMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_JetOilMember" xml:lang="en-US" id="label_JetOilMember">Jet Oil [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JetOilMember" xlink:to="label_JetOilMember" xlink:title="Label : JetOilMember to label_JetOilMember" />
    <link:label xlink:type="resource" xlink:label="label_JetOilMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_JetOilMember_1" xml:lang="en-US" id="label_JetOilMember_1">Jet Oil [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JetOilMember" xlink:to="label_JetOilMember_1" xlink:title="Label : JetOilMember to label_JetOilMember_1" />
    <link:label xlink:type="resource" xlink:label="label_JetOilMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_JetOilMember_2" xml:lang="en-US" id="label_JetOilMember_2">This member stands for the information pertaining to jet oil</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JetOilMember" xlink:to="label_JetOilMember_2" xlink:title="Label : JetOilMember to label_JetOilMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AmPmMember" xlink:label="AmPmMember" xlink:title="AmPmMember" />
    <link:label xlink:type="resource" xlink:label="label_AmPmMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmPmMember" xml:lang="en-US" id="label_AmPmMember">am/pm [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmPmMember" xlink:to="label_AmPmMember" xlink:title="Label : AmPmMember to label_AmPmMember" />
    <link:label xlink:type="resource" xlink:label="label_AmPmMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmPmMember_1" xml:lang="en-US" id="label_AmPmMember_1">am/pm [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmPmMember" xlink:to="label_AmPmMember_1" xlink:title="Label : AmPmMember to label_AmPmMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AmPmMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AmPmMember_2" xml:lang="en-US" id="label_AmPmMember_2">This member stands for the information pertaining to am/pm convenience stores.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmPmMember" xlink:to="label_AmPmMember_2" xlink:title="Label : AmPmMember to label_AmPmMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProductsAndServicesDomain" xlink:label="ProductsAndServicesDomain" xlink:title="ProductsAndServicesDomain" />
    <link:label xlink:type="resource" xlink:label="label_ProductsAndServicesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProductsAndServicesDomain" xml:lang="en-US" id="label_ProductsAndServicesDomain">Products and services [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProductsAndServicesDomain" xlink:to="label_ProductsAndServicesDomain" xlink:title="Label : ProductsAndServicesDomain to label_ProductsAndServicesDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProductsAndServicesAxis" xlink:label="ProductsAndServicesAxis" xlink:title="ProductsAndServicesAxis" />
    <link:label xlink:type="resource" xlink:label="label_ProductsAndServicesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProductsAndServicesAxis" xml:lang="en-US" id="label_ProductsAndServicesAxis">Products and services [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProductsAndServicesAxis" xlink:to="label_ProductsAndServicesAxis" xlink:title="Label : ProductsAndServicesAxis to label_ProductsAndServicesAxis" />
    <link:label xlink:type="resource" xlink:label="label_ProductsAndServicesAxis_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProductsAndServicesAxis_1" xml:lang="en-US" id="label_ProductsAndServicesAxis_1">Products and services [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProductsAndServicesAxis" xlink:to="label_ProductsAndServicesAxis_1" xlink:title="Label : ProductsAndServicesAxis to label_ProductsAndServicesAxis_1" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentDeferredIncomeIncludingNoncurrentContractLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentDeferredIncomeIncludingNoncurrentContractLiabilities_1" xml:lang="en-US" id="label_NoncurrentDeferredIncomeIncludingNoncurrentContractLiabilities_1">Non-current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentDeferredIncomeIncludingNoncurrentContractLiabilities" xlink:to="label_NoncurrentDeferredIncomeIncludingNoncurrentContractLiabilities_1" xlink:title="Label : NoncurrentDeferredIncomeIncludingNoncurrentContractLiabilities to label_NoncurrentDeferredIncomeIncludingNoncurrentContractLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentDeferredIncomeIncludingCurrentContractLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CurrentDeferredIncomeIncludingCurrentContractLiabilities_1" xml:lang="en-US" id="label_CurrentDeferredIncomeIncludingCurrentContractLiabilities_1">Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentDeferredIncomeIncludingCurrentContractLiabilities" xlink:to="label_CurrentDeferredIncomeIncludingCurrentContractLiabilities_1" xlink:title="Label : CurrentDeferredIncomeIncludingCurrentContractLiabilities to label_CurrentDeferredIncomeIncludingCurrentContractLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentDeferredIncomeIncludingCurrentContractLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentDeferredIncomeIncludingCurrentContractLiabilities_2" xml:lang="en-US" id="label_CurrentDeferredIncomeIncludingCurrentContractLiabilities_2">Deferred revenue</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentDeferredIncomeIncludingCurrentContractLiabilities" xlink:to="label_CurrentDeferredIncomeIncludingCurrentContractLiabilities_2" xlink:title="Label : CurrentDeferredIncomeIncludingCurrentContractLiabilities to label_CurrentDeferredIncomeIncludingCurrentContractLiabilities_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DeferredIncomeIncludingContractLiabilities" xlink:label="DeferredIncomeIncludingContractLiabilities" xlink:title="DeferredIncomeIncludingContractLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_DeferredIncomeIncludingContractLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DeferredIncomeIncludingContractLiabilities" xml:lang="en-US" id="label_DeferredIncomeIncludingContractLiabilities">Deferred revenue</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredIncomeIncludingContractLiabilities" xlink:to="label_DeferredIncomeIncludingContractLiabilities" xlink:title="Label : DeferredIncomeIncludingContractLiabilities to label_DeferredIncomeIncludingContractLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_DeferredIncomeIncludingContractLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredIncomeIncludingContractLiabilities_1" xml:lang="en-US" id="label_DeferredIncomeIncludingContractLiabilities_1">Deferred income including contract liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredIncomeIncludingContractLiabilities" xlink:to="label_DeferredIncomeIncludingContractLiabilities_1" xlink:title="Label : DeferredIncomeIncludingContractLiabilities to label_DeferredIncomeIncludingContractLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_DeferredIncomeIncludingContractLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredIncomeIncludingContractLiabilities_2" xml:lang="en-US" id="label_DeferredIncomeIncludingContractLiabilities_2">Deferred income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredIncomeIncludingContractLiabilities" xlink:to="label_DeferredIncomeIncludingContractLiabilities_2" xlink:title="Label : DeferredIncomeIncludingContractLiabilities to label_DeferredIncomeIncludingContractLiabilities_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SummaryOfDeferredRevenueLineItems" xlink:label="SummaryOfDeferredRevenueLineItems" xlink:title="SummaryOfDeferredRevenueLineItems" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfDeferredRevenueLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SummaryOfDeferredRevenueLineItems" xml:lang="en-US" id="label_SummaryOfDeferredRevenueLineItems">Summary of deferred revenue.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfDeferredRevenueLineItems" xlink:to="label_SummaryOfDeferredRevenueLineItems" xlink:title="Label : SummaryOfDeferredRevenueLineItems to label_SummaryOfDeferredRevenueLineItems" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfDeferredRevenueLineItems_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SummaryOfDeferredRevenueLineItems_1" xml:lang="en-US" id="label_SummaryOfDeferredRevenueLineItems_1">Summary of deferred revenue [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfDeferredRevenueLineItems" xlink:to="label_SummaryOfDeferredRevenueLineItems_1" xlink:title="Label : SummaryOfDeferredRevenueLineItems to label_SummaryOfDeferredRevenueLineItems_1" />
    <link:label xlink:type="resource" xlink:label="label_SummaryOfDeferredRevenueLineItems_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SummaryOfDeferredRevenueLineItems_2" xml:lang="en-US" id="label_SummaryOfDeferredRevenueLineItems_2">Summary of deferred revenue [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryOfDeferredRevenueLineItems" xlink:to="label_SummaryOfDeferredRevenueLineItems_2" xlink:title="Label : SummaryOfDeferredRevenueLineItems to label_SummaryOfDeferredRevenueLineItems_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LoyaltyProgramTwoMember" xlink:label="LoyaltyProgramTwoMember" xlink:title="LoyaltyProgramTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_LoyaltyProgramTwoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LoyaltyProgramTwoMember" xml:lang="en-US" id="label_LoyaltyProgramTwoMember">This member stands for the information pertaining to loyalty program.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoyaltyProgramTwoMember" xlink:to="label_LoyaltyProgramTwoMember" xlink:title="Label : LoyaltyProgramTwoMember to label_LoyaltyProgramTwoMember" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AccumulatedOtherComprehensiveIncomeExcludingReserveOfExchangeDifferencesOnTranslationMember" xlink:label="AccumulatedOtherComprehensiveIncomeExcludingReserveOfExchangeDifferencesOnTranslationMember" xlink:title="AccumulatedOtherComprehensiveIncomeExcludingReserveOfExchangeDifferencesOnTranslationMember" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedOtherComprehensiveIncomeExcludingReserveOfExchangeDifferencesOnTranslationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AccumulatedOtherComprehensiveIncomeExcludingReserveOfExchangeDifferencesOnTranslationMember" xml:lang="en-US" id="label_AccumulatedOtherComprehensiveIncomeExcludingReserveOfExchangeDifferencesOnTranslationMember">This member stands for accumulated other comprehensive income excluding reserve of exchange differences on translation.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedOtherComprehensiveIncomeExcludingReserveOfExchangeDifferencesOnTranslationMember" xlink:to="label_AccumulatedOtherComprehensiveIncomeExcludingReserveOfExchangeDifferencesOnTranslationMember" xlink:title="Label : AccumulatedOtherComprehensiveIncomeExcludingReserveOfExchangeDifferencesOnTranslationMember to label_AccumulatedOtherComprehensiveIncomeExcludingReserveOfExchangeDifferencesOnTranslationMember" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedOtherComprehensiveIncomeExcludingReserveOfExchangeDifferencesOnTranslationMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccumulatedOtherComprehensiveIncomeExcludingReserveOfExchangeDifferencesOnTranslationMember_1" xml:lang="en-US" id="label_AccumulatedOtherComprehensiveIncomeExcludingReserveOfExchangeDifferencesOnTranslationMember_1">Accumulated other comprehensive income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedOtherComprehensiveIncomeExcludingReserveOfExchangeDifferencesOnTranslationMember" xlink:to="label_AccumulatedOtherComprehensiveIncomeExcludingReserveOfExchangeDifferencesOnTranslationMember_1" xlink:title="Label : AccumulatedOtherComprehensiveIncomeExcludingReserveOfExchangeDifferencesOnTranslationMember to label_AccumulatedOtherComprehensiveIncomeExcludingReserveOfExchangeDifferencesOnTranslationMember_1" />
    <link:label xlink:type="resource" xlink:label="label_LoyaltyProgramTwoMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LoyaltyProgramTwoMember_1" xml:lang="en-US" id="label_LoyaltyProgramTwoMember_1">Loyalty program &#x201C;Clube Extrafarma&#x201D; [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoyaltyProgramTwoMember" xlink:to="label_LoyaltyProgramTwoMember_1" xlink:title="Label : LoyaltyProgramTwoMember to label_LoyaltyProgramTwoMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedOtherComprehensiveIncomeExcludingReserveOfExchangeDifferencesOnTranslationMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccumulatedOtherComprehensiveIncomeExcludingReserveOfExchangeDifferencesOnTranslationMember_2" xml:lang="en-US" id="label_AccumulatedOtherComprehensiveIncomeExcludingReserveOfExchangeDifferencesOnTranslationMember_2">Accumulated other comprehensive income excluding reserve of exchange differences on translation [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedOtherComprehensiveIncomeExcludingReserveOfExchangeDifferencesOnTranslationMember" xlink:to="label_AccumulatedOtherComprehensiveIncomeExcludingReserveOfExchangeDifferencesOnTranslationMember_2" xlink:title="Label : AccumulatedOtherComprehensiveIncomeExcludingReserveOfExchangeDifferencesOnTranslationMember to label_AccumulatedOtherComprehensiveIncomeExcludingReserveOfExchangeDifferencesOnTranslationMember_2" />
    <link:label xlink:type="resource" xlink:label="label_LoyaltyProgramTwoMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoyaltyProgramTwoMember_2" xml:lang="en-US" id="label_LoyaltyProgramTwoMember_2">Loyalty program two [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoyaltyProgramTwoMember" xlink:to="label_LoyaltyProgramTwoMember_2" xlink:title="Label : LoyaltyProgramTwoMember to label_LoyaltyProgramTwoMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_LoyaltyProgramOneMember" xlink:label="LoyaltyProgramOneMember" xlink:title="LoyaltyProgramOneMember" />
    <link:label xlink:type="resource" xlink:label="label_LoyaltyProgramOneMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LoyaltyProgramOneMember" xml:lang="en-US" id="label_LoyaltyProgramOneMember">This member stands for the information pertaining to loyalty program.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoyaltyProgramOneMember" xlink:to="label_LoyaltyProgramOneMember" xlink:title="Label : LoyaltyProgramOneMember to label_LoyaltyProgramOneMember" />
    <link:label xlink:type="resource" xlink:label="label_LoyaltyProgramOneMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LoyaltyProgramOneMember_1" xml:lang="en-US" id="label_LoyaltyProgramOneMember_1">Loyalty program &#x201C;Km de Vantagens&#x201D; [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoyaltyProgramOneMember" xlink:to="label_LoyaltyProgramOneMember_1" xlink:title="Label : LoyaltyProgramOneMember to label_LoyaltyProgramOneMember_1" />
    <link:label xlink:type="resource" xlink:label="label_LoyaltyProgramOneMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoyaltyProgramOneMember_2" xml:lang="en-US" id="label_LoyaltyProgramOneMember_2">Loyalty program one [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoyaltyProgramOneMember" xlink:to="label_LoyaltyProgramOneMember_2" xlink:title="Label : LoyaltyProgramOneMember to label_LoyaltyProgramOneMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_FranchisingUpfrontFeeMember" xlink:label="FranchisingUpfrontFeeMember" xlink:title="FranchisingUpfrontFeeMember" />
    <link:label xlink:type="resource" xlink:label="label_FranchisingUpfrontFeeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FranchisingUpfrontFeeMember" xml:lang="en-US" id="label_FranchisingUpfrontFeeMember">This member stands for the information pertaining to franchising upfront fee.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FranchisingUpfrontFeeMember" xlink:to="label_FranchisingUpfrontFeeMember" xlink:title="Label : FranchisingUpfrontFeeMember to label_FranchisingUpfrontFeeMember" />
    <link:label xlink:type="resource" xlink:label="label_FranchisingUpfrontFeeMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FranchisingUpfrontFeeMember_1" xml:lang="en-US" id="label_FranchisingUpfrontFeeMember_1">&#x2018;am/pm&#x2019; and Jet Oil franchising upfront fee [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FranchisingUpfrontFeeMember" xlink:to="label_FranchisingUpfrontFeeMember_1" xlink:title="Label : FranchisingUpfrontFeeMember to label_FranchisingUpfrontFeeMember_1" />
    <link:label xlink:type="resource" xlink:label="label_FranchisingUpfrontFeeMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FranchisingUpfrontFeeMember_2" xml:lang="en-US" id="label_FranchisingUpfrontFeeMember_2">Franchising upfront fee [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FranchisingUpfrontFeeMember" xlink:to="label_FranchisingUpfrontFeeMember_2" xlink:title="Label : FranchisingUpfrontFeeMember to label_FranchisingUpfrontFeeMember_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DeferredRevenueDomain" xlink:label="DeferredRevenueDomain" xlink:title="DeferredRevenueDomain" />
    <link:label xlink:type="resource" xlink:label="label_DeferredRevenueDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DeferredRevenueDomain" xml:lang="en-US" id="label_DeferredRevenueDomain">Deferred revenue [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredRevenueDomain" xlink:to="label_DeferredRevenueDomain" xlink:title="Label : DeferredRevenueDomain to label_DeferredRevenueDomain" />
    <link:label xlink:type="resource" xlink:label="label_DeferredRevenueDomain_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredRevenueDomain_1" xml:lang="en-US" id="label_DeferredRevenueDomain_1">Deferred revenue [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredRevenueDomain" xlink:to="label_DeferredRevenueDomain_1" xlink:title="Label : DeferredRevenueDomain to label_DeferredRevenueDomain_1" />
    <link:label xlink:type="resource" xlink:label="label_DeferredRevenueDomain_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredRevenueDomain_2" xml:lang="en-US" id="label_DeferredRevenueDomain_2">Deferred revenue [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredRevenueDomain" xlink:to="label_DeferredRevenueDomain_2" xlink:title="Label : DeferredRevenueDomain to label_DeferredRevenueDomain_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DeferredRevenueAxis" xlink:label="DeferredRevenueAxis" xlink:title="DeferredRevenueAxis" />
    <link:label xlink:type="resource" xlink:label="label_DeferredRevenueAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DeferredRevenueAxis" xml:lang="en-US" id="label_DeferredRevenueAxis">Deferred revenue [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredRevenueAxis" xlink:to="label_DeferredRevenueAxis" xlink:title="Label : DeferredRevenueAxis to label_DeferredRevenueAxis" />
    <link:label xlink:type="resource" xlink:label="label_DeferredRevenueAxis_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredRevenueAxis_1" xml:lang="en-US" id="label_DeferredRevenueAxis_1">Deferred revenue [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredRevenueAxis" xlink:to="label_DeferredRevenueAxis_1" xlink:title="Label : DeferredRevenueAxis to label_DeferredRevenueAxis_1" />
    <link:label xlink:type="resource" xlink:label="label_DeferredRevenueAxis_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredRevenueAxis_2" xml:lang="en-US" id="label_DeferredRevenueAxis_2">Deferred revenue [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredRevenueAxis" xlink:to="label_DeferredRevenueAxis_2" xlink:title="Label : DeferredRevenueAxis to label_DeferredRevenueAxis_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfDeferredRevenueTable" xlink:label="DisclosureOfDeferredRevenueTable" xlink:title="DisclosureOfDeferredRevenueTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDeferredRevenueTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfDeferredRevenueTable" xml:lang="en-US" id="label_DisclosureOfDeferredRevenueTable">Disclosure of deferred revenue [table].</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDeferredRevenueTable" xlink:to="label_DisclosureOfDeferredRevenueTable" xlink:title="Label : DisclosureOfDeferredRevenueTable to label_DisclosureOfDeferredRevenueTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDeferredRevenueTable_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfDeferredRevenueTable_1" xml:lang="en-US" id="label_DisclosureOfDeferredRevenueTable_1">Disclosure Of Deferred Revenue [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDeferredRevenueTable" xlink:to="label_DisclosureOfDeferredRevenueTable_1" xlink:title="Label : DisclosureOfDeferredRevenueTable to label_DisclosureOfDeferredRevenueTable_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDeferredRevenueTable_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfDeferredRevenueTable_2" xml:lang="en-US" id="label_DisclosureOfDeferredRevenueTable_2">Disclosure Of Deferred Revenue [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDeferredRevenueTable" xlink:to="label_DisclosureOfDeferredRevenueTable_2" xlink:title="Label : DisclosureOfDeferredRevenueTable to label_DisclosureOfDeferredRevenueTable_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_AdjustmentOnEscrowDeposits" xlink:label="AdjustmentOnEscrowDeposits" xlink:title="AdjustmentOnEscrowDeposits" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentOnEscrowDeposits" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustmentOnEscrowDeposits" xml:lang="en-US" id="label_AdjustmentOnEscrowDeposits">The amount of monetary adjustment on escrow deposits.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentOnEscrowDeposits" xlink:to="label_AdjustmentOnEscrowDeposits" xlink:title="Label : AdjustmentOnEscrowDeposits to label_AdjustmentOnEscrowDeposits" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentOnEscrowDeposits_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentOnEscrowDeposits_1" xml:lang="en-US" id="label_AdjustmentOnEscrowDeposits_1">Monetary adjustment on escrow deposits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentOnEscrowDeposits" xlink:to="label_AdjustmentOnEscrowDeposits_1" xlink:title="Label : AdjustmentOnEscrowDeposits to label_AdjustmentOnEscrowDeposits_1" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentOnEscrowDeposits_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentOnEscrowDeposits_2" xml:lang="en-US" id="label_AdjustmentOnEscrowDeposits_2">Adjustment On Escrow Deposits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentOnEscrowDeposits" xlink:to="label_AdjustmentOnEscrowDeposits_2" xlink:title="Label : AdjustmentOnEscrowDeposits to label_AdjustmentOnEscrowDeposits_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_EstimatedFinancialEffectOfContingentAssets" xlink:label="EstimatedFinancialEffectOfContingentAssets" xlink:title="EstimatedFinancialEffectOfContingentAssets" />
    <link:label xlink:type="resource" xlink:label="label_EstimatedFinancialEffectOfContingentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EstimatedFinancialEffectOfContingentAssets" xml:lang="en-US" id="label_EstimatedFinancialEffectOfContingentAssets">Action for damages as contingent asset, remaining portion will be received</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedFinancialEffectOfContingentAssets" xlink:to="label_EstimatedFinancialEffectOfContingentAssets" xlink:title="Label : EstimatedFinancialEffectOfContingentAssets to label_EstimatedFinancialEffectOfContingentAssets" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedFinancialEffectOfContingentAssets" xlink:to="label_EstimatedFinancialEffectOfContingentAssets_1" xlink:title="Label : EstimatedFinancialEffectOfContingentAssets to label_EstimatedFinancialEffectOfContingentAssets_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_ActionForDamagesAsContingentAssetAmountReceived" xlink:label="ActionForDamagesAsContingentAssetAmountReceived" xlink:title="ActionForDamagesAsContingentAssetAmountReceived" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" xlink:label="GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" xlink:title="GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" />
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    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_NoncontrollingInterestsOfAcquirer" xlink:label="NoncontrollingInterestsOfAcquirer" xlink:title="NoncontrollingInterestsOfAcquirer" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/ecd/2024/ecd-2024.xsd#ecd_InsiderTrdPoliciesProcNotAdoptedTextBlock" xlink:label="InsiderTrdPoliciesProcNotAdoptedTextBlock" xlink:title="InsiderTrdPoliciesProcNotAdoptedTextBlock" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InsiderTradingPoliciesProcLineItems" xlink:to="label_InsiderTradingPoliciesProcLineItems" xlink:title="Label : InsiderTradingPoliciesProcLineItems to label_InsiderTradingPoliciesProcLineItems" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseThroughCapitalContributionInSharesInvestmentsAccountedForUsingEquityMethod" xlink:to="label_IncreaseThroughCapitalContributionInSharesInvestmentsAccountedForUsingEquityMethod_1" xlink:title="Label : IncreaseThroughCapitalContributionInSharesInvestmentsAccountedForUsingEquityMethod to label_IncreaseThroughCapitalContributionInSharesInvestmentsAccountedForUsingEquityMethod_1" />
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    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughTaxIncentiveReserveInvestmentsAccountedForUsingEquityMethod_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseThroughTaxIncentiveReserveInvestmentsAccountedForUsingEquityMethod_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughTaxIncentiveReserveInvestmentsAccountedForUsingEquityMethod_1">The increase (decrease) in investments accounted for using equity method resulting from tax incentive reserve.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTaxIncentiveReserveInvestmentsAccountedForUsingEquityMethod" xlink:to="label_IncreaseDecreaseThroughTaxIncentiveReserveInvestmentsAccountedForUsingEquityMethod_1" xlink:title="Label : IncreaseDecreaseThroughTaxIncentiveReserveInvestmentsAccountedForUsingEquityMethod to label_IncreaseDecreaseThroughTaxIncentiveReserveInvestmentsAccountedForUsingEquityMethod_1" />
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    <link:label xlink:type="resource" xlink:label="label_CollateralFinancingRealGuarantees_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CollateralFinancingRealGuarantees_2" xml:lang="en-US" id="label_CollateralFinancingRealGuarantees_2">Collateral Financing Real Guarantees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CollateralFinancingRealGuarantees" xlink:to="label_CollateralFinancingRealGuarantees_2" xlink:title="Label : CollateralFinancingRealGuarantees to label_CollateralFinancingRealGuarantees_2" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OperationsContractedDomain" xlink:label="OperationsContractedDomain" xlink:title="OperationsContractedDomain" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperationsContractedDomain" xml:lang="en-US" id="label_OperationsContractedDomain">Operations contracted [domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedDomain" xlink:to="label_OperationsContractedDomain" xlink:title="Label : OperationsContractedDomain to label_OperationsContractedDomain" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_OperationsContractedAxis" xlink:label="OperationsContractedAxis" xlink:title="OperationsContractedAxis" />
    <link:label xlink:type="resource" xlink:label="label_OperationsContractedAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperationsContractedAxis" xml:lang="en-US" id="label_OperationsContractedAxis">Operations contracted [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperationsContractedAxis" xlink:to="label_OperationsContractedAxis" xlink:title="Label : OperationsContractedAxis to label_OperationsContractedAxis" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory_1" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory_1">Financial instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory_1" xlink:title="Label : DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory to label_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory_1" />
    <link:label xlink:type="resource" xlink:label="label_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased_1" xml:lang="en-US" id="label_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased_1">Share buyback program, Number of common shares authorized</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased" xlink:to="label_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased_1" xlink:title="Label : StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased to label_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_DisclosureOfJointVenturesAndAssociatesLineItems" xlink:label="DisclosureOfJointVenturesAndAssociatesLineItems" xlink:title="DisclosureOfJointVenturesAndAssociatesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfJointVenturesAndAssociatesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfJointVenturesAndAssociatesLineItems" xml:lang="en-US" id="label_DisclosureOfJointVenturesAndAssociatesLineItems">Disclosure of joint ventures and associates [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfJointVenturesAndAssociatesLineItems" xlink:to="label_DisclosureOfJointVenturesAndAssociatesLineItems" xlink:title="Label : DisclosureOfJointVenturesAndAssociatesLineItems to label_DisclosureOfJointVenturesAndAssociatesLineItems" />
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    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations_3" xml:lang="en-US" id="label_IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations_3">Increase (decrease) in cash and cash equivalents &#x2013; continuing operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations" xlink:to="label_IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations_3" xlink:title="Label : IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations to label_IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations_3" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromContributionsOfNoncontrollingInterests_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromContributionsOfNoncontrollingInterests_1" xml:lang="en-US" id="label_ProceedsFromContributionsOfNoncontrollingInterests_1">Proceeds from contributions of non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromContributionsOfNoncontrollingInterests" xlink:to="label_ProceedsFromContributionsOfNoncontrollingInterests_1" xlink:title="Label : ProceedsFromContributionsOfNoncontrollingInterests to label_ProceedsFromContributionsOfNoncontrollingInterests_1" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForIncreaseDecreaseInAcquisitionOfDecarbonizationCredits_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AdjustmentsForIncreaseDecreaseInAcquisitionOfDecarbonizationCredits_3" xml:lang="en-US" id="label_AdjustmentsForIncreaseDecreaseInAcquisitionOfDecarbonizationCredits_3">Decarbonization credits (see Note 16)</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:label="AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:title="AdjustmentsForIncreaseDecreaseInTradeAccountPayable" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xml:lang="en-US" id="label_AdjustmentsForIncreaseDecreaseInTradeAccountPayable">Adjustments for increase (decrease) in trade accounts payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:to="label_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:title="Label : AdjustmentsForIncreaseDecreaseInTradeAccountPayable to label_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForIncreaseDecreaseInTradeAccountPayable_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentsForIncreaseDecreaseInTradeAccountPayable_1" xml:lang="en-US" id="label_AdjustmentsForIncreaseDecreaseInTradeAccountPayable_1">Trade payables and trade payables - reverse factoring</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:to="label_AdjustmentsForIncreaseDecreaseInTradeAccountPayable_1" xlink:title="Label : AdjustmentsForIncreaseDecreaseInTradeAccountPayable to label_AdjustmentsForIncreaseDecreaseInTradeAccountPayable_1" />
    <link:label xlink:type="resource" xlink:label="label_NetCashConsumedInPurchaseOfinvestmentsSaleTransactionAndOtherAssets_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_NetCashConsumedInPurchaseOfinvestmentsSaleTransactionAndOtherAssets_1" xml:lang="en-US" id="label_NetCashConsumedInPurchaseOfinvestmentsSaleTransactionAndOtherAssets_1">Net cash consumed in the purchase of investments and other assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashConsumedInPurchaseOfinvestmentsSaleTransactionAndOtherAssets" xlink:to="label_NetCashConsumedInPurchaseOfinvestmentsSaleTransactionAndOtherAssets_1" xlink:title="Label : NetCashConsumedInPurchaseOfinvestmentsSaleTransactionAndOtherAssets to label_NetCashConsumedInPurchaseOfinvestmentsSaleTransactionAndOtherAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_NetCashConsumedInPurchaseOfinvestmentsSaleTransactionAndOtherAssets_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetCashConsumedInPurchaseOfinvestmentsSaleTransactionAndOtherAssets_2" xml:lang="en-US" id="label_NetCashConsumedInPurchaseOfinvestmentsSaleTransactionAndOtherAssets_2">Net Cash Consumed In Purchase Of investments Sale Transaction And Other Assets</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DividendsPaidOrdinarySharesPerShare" xlink:label="DividendsPaidOrdinarySharesPerShare" xlink:title="DividendsPaidOrdinarySharesPerShare" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaidOrdinarySharesPerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsPaidOrdinarySharesPerShare" xml:lang="en-US" id="label_DividendsPaidOrdinarySharesPerShare">Dividend paid per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidOrdinarySharesPerShare" xlink:to="label_DividendsPaidOrdinarySharesPerShare" xlink:title="Label : DividendsPaidOrdinarySharesPerShare to label_DividendsPaidOrdinarySharesPerShare" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaidOrdinarySharesPerShare_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPaidOrdinarySharesPerShare_1" xml:lang="en-US" id="label_DividendsPaidOrdinarySharesPerShare_1">Dividends paid, ordinary shares per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidOrdinarySharesPerShare" xlink:to="label_DividendsPaidOrdinarySharesPerShare_1" xlink:title="Label : DividendsPaidOrdinarySharesPerShare to label_DividendsPaidOrdinarySharesPerShare_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DividendsPaidClassifiedAsOperatingActivities" xlink:label="DividendsPaidClassifiedAsOperatingActivities" xlink:title="DividendsPaidClassifiedAsOperatingActivities" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaidClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsPaidClassifiedAsOperatingActivities" xml:lang="en-US" id="label_DividendsPaidClassifiedAsOperatingActivities">Payment of dividends</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidClassifiedAsOperatingActivities" xlink:to="label_DividendsPaidClassifiedAsOperatingActivities" xlink:title="Label : DividendsPaidClassifiedAsOperatingActivities to label_DividendsPaidClassifiedAsOperatingActivities" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidClassifiedAsOperatingActivities" xlink:to="label_DividendsPaidClassifiedAsOperatingActivities_1" xlink:title="Label : DividendsPaidClassifiedAsOperatingActivities to label_DividendsPaidClassifiedAsOperatingActivities_1" />
    <link:loc xlink:type="locator" xlink:href="ugp-20241231.xsd#ugp_SharesRepurchasedAveragePricePerShare" xlink:label="SharesRepurchasedAveragePricePerShare" xlink:title="SharesRepurchasedAveragePricePerShare" />
    <link:label xlink:type="resource" xlink:label="label_SharesRepurchasedAveragePricePerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SharesRepurchasedAveragePricePerShare" xml:lang="en-US" id="label_SharesRepurchasedAveragePricePerShare">Shares Buyback program average price per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharesRepurchasedAveragePricePerShare" xlink:to="label_SharesRepurchasedAveragePricePerShare" xlink:title="Label : SharesRepurchasedAveragePricePerShare to label_SharesRepurchasedAveragePricePerShare" />
    <link:label xlink:type="resource" xlink:label="label_SharesRepurchasedAveragePricePerShare_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SharesRepurchasedAveragePricePerShare_1" xml:lang="en-US" id="label_SharesRepurchasedAveragePricePerShare_1">Average price per share for shares repurchased.</link:label>
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  <xsd:element name="NetInvestmentHedgedItemAssets" id="ugp_NetInvestmentHedgedItemAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="CashFlowHedgedItemLiabilities" id="ugp_CashFlowHedgedItemLiabilities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="CashFlowHedgedItemAssets" id="ugp_CashFlowHedgedItemAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="RealToUsDollarSwapsNetEffect" id="ugp_RealToUsDollarSwapsNetEffect" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="GrossMarginOfOxitenoIpirangaSwapPayable" id="ugp_GrossMarginOfOxitenoIpirangaSwapPayable" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="RealToUsDollarSwaps" id="ugp_RealToUsDollarSwaps" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="CurrencySwapsPayableInUSDollarsAbstract" id="ugp_CurrencySwapsPayableInUSDollarsAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="USDollarToRealSwapsNetEffect" id="ugp_USDollarToRealSwapsNetEffect" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="DebtsFirmCommitmentsInDollars" id="ugp_DebtsFirmCommitmentsInDollars" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="USDollarToRealSwaps" id="ugp_USDollarToRealSwaps" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="CurrencySwapsReceivableInUSDollarsAbstract" id="ugp_CurrencySwapsReceivableInUSDollarsAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CategoryOfFinancialAssetsAndLiabilities" id="ugp_CategoryOfFinancialAssetsAndLiabilities" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="CommoditiesCurrencyAndInterestRateHedgingInstrumentsMember" id="ugp_CommoditiesCurrencyAndInterestRateHedgingInstrumentsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Debentures1Member" id="ugp_Debentures1Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Financing2Member" id="ugp_Financing2Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Financing1Member" id="ugp_Financing1Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CurrencyInterestRateHedgingInstrumentsMember" id="ugp_CurrencyInterestRateHedgingInstrumentsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="FixedIncomeSecuritiesForeignCurrencyMember" id="ugp_FixedIncomeSecuritiesForeignCurrencyMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="FixedIncomeSecuritiesLocalCurrency3Member" id="ugp_FixedIncomeSecuritiesLocalCurrency3Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="FixedIncomeSecuritiesLocalCurrency2Member" id="ugp_FixedIncomeSecuritiesLocalCurrency2Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="FixedIncomeSecuritiesLocalCurrency1Member" id="ugp_FixedIncomeSecuritiesLocalCurrency1Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="FinancialInvestmentsForeignCurrencyMember" id="ugp_FinancialInvestmentsForeignCurrencyMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="FinancialInvestmentsLocalCurrencyMember" id="ugp_FinancialInvestmentsLocalCurrencyMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NonDerivativeFinancialInstrumentsMember" id="ugp_NonDerivativeFinancialInstrumentsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="InterestRateSwapsBrlMember" id="ugp_InterestRateSwapsBrlMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ExchangeRateDerivatesPayableInUSDollarsMember" id="ugp_ExchangeRateDerivatesPayableInUSDollarsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ExchangeRateSwapReceivableInUSDollarsAndCommoditiesMember" id="ugp_ExchangeRateSwapReceivableInUSDollarsAndCommoditiesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="HedgingInstrumentRatesDomain" id="ugp_HedgingInstrumentRatesDomain" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="HedgingInstrumentRatesAxis" id="ugp_HedgingInstrumentRatesAxis" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="HedgingInstrumentEquityMember" id="ugp_HedgingInstrumentEquityMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ProfitOrLossMember" id="ugp_ProfitOrLossMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IPCARate" id="ugp_IPCARate" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="TJLPRate" id="ugp_TJLPRate" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DiRate" id="ugp_DiRate" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="TwentyTwentyFiveMember" id="ugp_TwentyTwentyFiveMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TwentyTwentyFourMember" id="ugp_TwentyTwentyFourMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TwentyTwentyThreeMember" id="ugp_TwentyTwentyThreeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TwentyTwentyTwoMember" id="ugp_TwentyTwentyTwoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TwentyTwentyOneMember" id="ugp_TwentyTwentyOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="GuaranteeLiabilities" id="ugp_GuaranteeLiabilities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="CollateralFuturePaymentsMaturityPeriod" id="ugp_CollateralFuturePaymentsMaturityPeriod" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ProvisionForAssetRetirementObligationMember" id="ugp_ProvisionForAssetRetirementObligationMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NumberOfShareholdersExercisedPreemptiveRight" id="ugp_NumberOfShareholdersExercisedPreemptiveRight" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ExercisePeriodOfPreemptiveRight" id="ugp_ExercisePeriodOfPreemptiveRight" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DescriptionOfBorrowingsReprice" id="ugp_DescriptionOfBorrowingsReprice" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DescriptionOfPaymentOfInterestOfBorrowings" id="ugp_DescriptionOfPaymentOfInterestOfBorrowings" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DescriptionOfPaymentOfFaceValueOfBorrowings" id="ugp_DescriptionOfPaymentOfFaceValueOfBorrowings" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NumberOfDebtInstrumentsIssued" id="ugp_NumberOfDebtInstrumentsIssued" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="UnsecuredCommercialNotesPayableNotConvertibleIntoSharesMaturityAt3rdApril2021Member" id="ugp_UnsecuredCommercialNotesPayableNotConvertibleIntoSharesMaturityAt3rdApril2021Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UnsecuredCommercialNotesPayableNotConvertibleIntoSharesMaturityAt6thApril2021Member" id="ugp_UnsecuredCommercialNotesPayableNotConvertibleIntoSharesMaturityAt6thApril2021Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AdditionsPropertyPlantAndEquipmentAndIntangibleAssets" id="ugp_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="TaxLossCarryforwards" id="ugp_TaxLossCarryforwards" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="UltraparInternationalMember" id="ugp_UltraparInternationalMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OxitenoUSAMember" id="ugp_OxitenoUSAMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NumberOfDrugstoresUnderRentalContracts" id="ugp_NumberOfDrugstoresUnderRentalContracts" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ContractTermOfLoansReceivableFromRelatedParties" id="ugp_ContractTermOfLoansReceivableFromRelatedParties" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfEstimatedRecoveryOfIcmsAssetsLineItems" id="ugp_DisclosureOfEstimatedRecoveryOfIcmsAssetsLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfEstimatedRecoveryOfIcmsAssetsTable" id="ugp_DisclosureOfEstimatedRecoveryOfIcmsAssetsTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DecreaseThroughClassifiedAsHeldForSaleInvestmentsInAssociates" id="ugp_DecreaseThroughClassifiedAsHeldForSaleInvestmentsInAssociates" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="CapitalReductionInAssociates" id="ugp_CapitalReductionInAssociates" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="NonCurrentProvisionForShortTermLiabilitiesOfJointVenture" id="ugp_NonCurrentProvisionForShortTermLiabilitiesOfJointVenture" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="IncreaseDecreaseThroughTransferToFromProvisionForShortTermLiabilitiesInvestmentsInJointVentures" id="ugp_IncreaseDecreaseThroughTransferToFromProvisionForShortTermLiabilitiesInvestmentsInJointVentures" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughChangesOfInvestmentsFromShareholderTransactionInvestmentsInJointVentures" id="ugp_IncreaseDecreaseThroughChangesOfInvestmentsFromShareholderTransactionInvestmentsInJointVentures" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughActuarialGainLossOfPostEmploymentBenefitsInvestmentsInJointVentures" id="ugp_IncreaseDecreaseThroughActuarialGainLossOfPostEmploymentBenefitsInvestmentsInJointVentures" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughOtherReservesInvestmentsInJointVentures" id="ugp_IncreaseDecreaseThroughOtherReservesInvestmentsInJointVentures" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="CapitalReductionJointVentures" id="ugp_CapitalReductionJointVentures" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="CapitalIncreaseJointVentures" id="ugp_CapitalIncreaseJointVentures" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="FinalSubsequentInstallmentReceivedFromDisposalGroupTransaction" id="ugp_FinalSubsequentInstallmentReceivedFromDisposalGroupTransaction" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="BusinessCombinationSharePrice" id="ugp_BusinessCombinationSharePrice" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NumberOfSharesAcquired" id="ugp_NumberOfSharesAcquired" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="HidroviasDoBrasilMember" id="ugp_HidroviasDoBrasilMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="BankCreditBillWithoutFinancialCovenantsMember" id="ugp_BankCreditBillWithoutFinancialCovenantsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="MajorTransactionsFromDiscontinuedOperationsMember" id="ugp_MajorTransactionsFromDiscontinuedOperationsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="MajorBorrowingsMember" id="ugp_MajorBorrowingsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseInCashAndCashEquivalentsIncludingEffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations" id="ugp_IncreaseDecreaseInCashAndCashEquivalentsIncludingEffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="CessationOfDepreciationOnDisposalOfInvestments" id="ugp_CessationOfDepreciationOnDisposalOfInvestments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="NumberOfSemiTrailersForNaturalGasDistribution" id="ugp_NumberOfSemiTrailersForNaturalGasDistribution" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NumberOfCompressionBasesInSouthAndSoutheastRegions" id="ugp_NumberOfCompressionBasesInSouthAndSoutheastRegions" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="MinimumCapacityOfNaturalGasDistributed" id="ugp_MinimumCapacityOfNaturalGasDistributed" type="dtr-types:volumeItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="RenewableEnergyElectricityPowerDistributionCapacityInWhichAcquireeEntityOfferedToCustomers" id="ugp_RenewableEnergyElectricityPowerDistributionCapacityInWhichAcquireeEntityOfferedToCustomers" type="xbrli:decimalItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NumberOfMinimumActiveCustomersInWhichAcquireeEntityOfferedEnergySolutions" id="ugp_NumberOfMinimumActiveCustomersInWhichAcquireeEntityOfferedEnergySolutions" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="NumberOfStatesInWhichAcquireeEntityOperates" id="ugp_NumberOfStatesInWhichAcquireeEntityOperates" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="PrimaryContributionPaid" id="ugp_PrimaryContributionPaid" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="BusinessCombinationPriceOfAcquisitionExpectedUponPurchaseAndSaleAgreement" id="ugp_BusinessCombinationPriceOfAcquisitionExpectedUponPurchaseAndSaleAgreement" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="PercentageOfReasonablyPossibleDecreaseInAssumptionsForEarnoutLiability" id="ugp_PercentageOfReasonablyPossibleDecreaseInAssumptionsForEarnoutLiability" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="PercentageOfReasonablyPossibleIncreaseInAssumptionsForEarnoutLiability" id="ugp_PercentageOfReasonablyPossibleIncreaseInAssumptionsForEarnoutLiability" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="DecreaseInEarnoutLiabilityDueToReasonablyPossibleIncreaseInActuarialAssumption" id="ugp_DecreaseInEarnoutLiabilityDueToReasonablyPossibleIncreaseInActuarialAssumption" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="DescriptionOfChangesInGoalsOfReasonablyPossibleDecreaseInActuarialAssumptionsForEarnoutLiability" id="ugp_DescriptionOfChangesInGoalsOfReasonablyPossibleDecreaseInActuarialAssumptionsForEarnoutLiability" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="IncreaseInEarnoutLiabilityDueToReasonablyPossibleIncreaseInActuarialAssumption" id="ugp_IncreaseInEarnoutLiabilityDueToReasonablyPossibleIncreaseInActuarialAssumption" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="DescriptionOfChangesInGoalsOfReasonablyPossibleIncreaseInActuarialAssumptionsForEarnoutLiability" id="ugp_DescriptionOfChangesInGoalsOfReasonablyPossibleIncreaseInActuarialAssumptionsForEarnoutLiability" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DescriptionOfGoalsInBusinessCombination" id="ugp_DescriptionOfGoalsInBusinessCombination" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="PortionOfSubsequentConsiderationPaidConsistingOfCashAndCashEquivalents" id="ugp_PortionOfSubsequentConsiderationPaidConsistingOfCashAndCashEquivalents" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="PortionOfInitialConsiderationPaidConsistingOfCashAndCashEquivalents" id="ugp_PortionOfInitialConsiderationPaidConsistingOfCashAndCashEquivalents" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="PaymentToAcquireBusinessesNetOfCashAcquiredAbstract" id="ugp_PaymentToAcquireBusinessesNetOfCashAcquiredAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NetLiabilitiesRecognisedAsOfAcquisitionDate" id="ugp_NetLiabilitiesRecognisedAsOfAcquisitionDate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="NetAssetsRecognisedAsOfAcquisitionDate" id="ugp_NetAssetsRecognisedAsOfAcquisitionDate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="OtherPayablesRecognisedAsOfAcquisitionDate" id="ugp_OtherPayablesRecognisedAsOfAcquisitionDate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="LeasesPayableRecognisedAsOfAcquisitionDate" id="ugp_LeasesPayableRecognisedAsOfAcquisitionDate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="TaxLiabilitiesRecognisedAsOfAcquisitionDate" id="ugp_TaxLiabilitiesRecognisedAsOfAcquisitionDate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="EmployeeBenefitLiabilitiesRecognisedAsOfAcquisitionDate" id="ugp_EmployeeBenefitLiabilitiesRecognisedAsOfAcquisitionDate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfLiabilitiesAssumedAbstract" id="ugp_AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfLiabilitiesAssumedAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="RightOfUseAssetsNetRecognisedAsOfAcquisitionDate" id="ugp_RightOfUseAssetsNetRecognisedAsOfAcquisitionDate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="OtherInvestmentsRecognisedAsOfAcquisitionDate" id="ugp_OtherInvestmentsRecognisedAsOfAcquisitionDate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="OtherReceivablesRecognisedAsOfAcquisitionDate" id="ugp_OtherReceivablesRecognisedAsOfAcquisitionDate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="JudicialDepositsRecognisedAsOfAcquisitionDate" id="ugp_JudicialDepositsRecognisedAsOfAcquisitionDate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="TaxAssetsRecognisedAsOfAcquisitionDate" id="ugp_TaxAssetsRecognisedAsOfAcquisitionDate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfAssetsAcquiredAbstract" id="ugp_AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfAssetsAcquiredAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PeriodOfMaturityOfCommitmentOfMaua" id="ugp_PeriodOfMaturityOfCommitmentOfMaua" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="PeriodOfMaturityOfCommitmentOfCamacari" id="ugp_PeriodOfMaturityOfCommitmentOfCamacari" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="MinimumAnnualPurchaseOfMaua" id="ugp_MinimumAnnualPurchaseOfMaua" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="MinimumAnnualPurchaseOfCamacari" id="ugp_MinimumAnnualPurchaseOfCamacari" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="EstimatedInvestmentsDisbursementPeriod" id="ugp_EstimatedInvestmentsDisbursementPeriod" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="MinimumLeasePeriodOfPortConcession" id="ugp_MinimumLeasePeriodOfPortConcession" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="EstimatedInvestmentsToPortConcessions" id="ugp_EstimatedInvestmentsToPortConcessions" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="PeriodOfPortConcession" id="ugp_PeriodOfPortConcession" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DescriptionOfPortConcessions" id="ugp_DescriptionOfPortConcessions" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="PeriodOfConcession" id="ugp_PeriodOfConcession" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="MinimumPortStorageCapacity" id="ugp_MinimumPortStorageCapacity" type="dtr-types:volumeItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="PercentageOfConsortiumOwned" id="ugp_PercentageOfConsortiumOwned" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NumberOfPortConcessions" id="ugp_NumberOfPortConcessions" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="CargoRatesPerTon" id="ugp_CargoRatesPerTon" type="xbrli:decimalItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="DisclosureOfCommitmentsAndContingenciesLineItems" id="ugp_DisclosureOfCommitmentsAndContingenciesLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AreaIqi13Member" id="ugp_AreaIqi13Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AreaVdc12Member" id="ugp_AreaVdc12Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AreaBel04aMember" id="ugp_AreaBel04aMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AreaBel02AMember" id="ugp_AreaBel02AMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PortOfMiramarMember" id="ugp_PortOfMiramarMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PortOfVitoriaMember" id="ugp_PortOfVitoriaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PortOfCabedeloMember" id="ugp_PortOfCabedeloMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Terminal1Member" id="ugp_Terminal1Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TerminalAxis" id="ugp_TerminalAxis" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="EspiritoSantoMember" id="ugp_EspiritoSantoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ParaibaMember" id="ugp_ParaibaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="EntitiesByLocationDomain" id="ugp_EntitiesByLocationDomain" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="EntitiesByLocationAxis" id="ugp_EntitiesByLocationAxis" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IpirangaProdutosDepetroleoSaAndUltracargoLogisticaSAMember" id="ugp_IpirangaProdutosDepetroleoSaAndUltracargoLogisticaSAMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IpirangaProdutosDepetroleoSaAndUltracargoMember" id="ugp_IpirangaProdutosDepetroleoSaAndUltracargoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AreaPortLeaseMember" id="ugp_AreaPortLeaseMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ItaquiMember" id="ugp_ItaquiMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SuapeMember" id="ugp_SuapeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AratuMember" id="ugp_AratuMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DirectorsAndOfficersMember" id="ugp_DirectorsAndOfficersMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ThirdPartiesMember" id="ugp_ThirdPartiesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfCommitmentsAndContingenciesTable" id="ugp_DisclosureOfCommitmentsAndContingenciesTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CargoAgreementMaturity" id="ugp_CargoAgreementMaturity" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="MinimumCargoMovementPerYear" id="ugp_MinimumCargoMovementPerYear" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="CargoPort" id="ugp_CargoPort" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfContractCommitmentsLineItems" id="ugp_SummaryOfContractCommitmentsLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CargoContractFiveMember" id="ugp_CargoContractFiveMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CargoContractFourMember" id="ugp_CargoContractFourMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CargoContractThreeMember" id="ugp_CargoContractThreeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CargoContractTwoMember" id="ugp_CargoContractTwoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CargoContractOneMember" id="ugp_CargoContractOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CommitmentsTable" id="ugp_CommitmentsTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="FinancialLiabilitiesMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMember" id="ugp_FinancialLiabilitiesMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OtherPayablesMember" id="ugp_OtherPayablesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="FinancialLiabilitiesOfCustomersMember" id="ugp_FinancialLiabilitiesOfCustomersMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SubscriptionWarrantsIndemnificationMember" id="ugp_SubscriptionWarrantsIndemnificationMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TradePayablesReverseFactoringMember" id="ugp_TradePayablesReverseFactoringMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TradePayableMember" id="ugp_TradePayableMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ForeignExchangeInterestRateAndCommodityHedgingInstrumentLiabilitiesMember" id="ugp_ForeignExchangeInterestRateAndCommodityHedgingInstrumentLiabilitiesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="LoanFinancingLiabilitiesMember" id="ugp_LoanFinancingLiabilitiesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ReceivablesFromSaleOfInvestmentsMember" id="ugp_ReceivablesFromSaleOfInvestmentsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ResellerFinancingMember" id="ugp_ResellerFinancingMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DerivativeFinancialInstrumentsAndOtherFinancialAssetsMember" id="ugp_DerivativeFinancialInstrumentsAndOtherFinancialAssetsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="FinancialInvestmentsSecuritiesAndFundsInLocalCurrencyMember" id="ugp_FinancialInvestmentsSecuritiesAndFundsInLocalCurrencyMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CashAndCashEquivalentsSecuritiesAndFundsInForeignCurrencyMember" id="ugp_CashAndCashEquivalentsSecuritiesAndFundsInForeignCurrencyMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CashAndCashEquivalentsSecuritiesAndFundsInLocalCurrencyMember" id="ugp_CashAndCashEquivalentsSecuritiesAndFundsInLocalCurrencyMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CashAndBankDepositsMember" id="ugp_CashAndBankDepositsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="GainLossRelatedToFairValueAdjustmentOfInventories" id="ugp_GainLossRelatedToFairValueAdjustmentOfInventories" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="PercentageOfAverageEffectiveCost" id="ugp_PercentageOfAverageEffectiveCost" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="InterestIncomeExpenseOnFinancialLiabilitiesDesignatedAtFairValueThroughProfitOrLoss" id="ugp_InterestIncomeExpenseOnFinancialLiabilitiesDesignatedAtFairValueThroughProfitOrLoss" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="GainLossRelatedToFairValueAdjustmentOfDebt" id="ugp_GainLossRelatedToFairValueAdjustmentOfDebt" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="InterestRateHedgingInstrumentsMember" id="ugp_InterestRateHedgingInstrumentsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ForeignExchangeHedgingInstrumentsMember" id="ugp_ForeignExchangeHedgingInstrumentsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="LiabilitiesInterestRateBasis" id="ugp_LiabilitiesInterestRateBasis" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="AssetsInterestRateBasis" id="ugp_AssetsInterestRateBasis" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NdfOneMember" id="ugp_NdfOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ZeroCostCollarMember" id="ugp_ZeroCostCollarMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NdfMember" id="ugp_NdfMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="InterestRateSwapContractOneMember" id="ugp_InterestRateSwapContractOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ForeignExchangeSwapThreeMember" id="ugp_ForeignExchangeSwapThreeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ForeignExchangeSwapTwoMember" id="ugp_ForeignExchangeSwapTwoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ForeignExchangeSwapOneMember" id="ugp_ForeignExchangeSwapOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ForeignExchangeSwapMember" id="ugp_ForeignExchangeSwapMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DerivativesNotDesignatedAsHedgeAccountingMember" id="ugp_DerivativesNotDesignatedAsHedgeAccountingMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DerivativesDesignatedAsHedgeAccountingMember" id="ugp_DerivativesDesignatedAsHedgeAccountingMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PercentageOfNetDebtToEquityRatio" id="ugp_PercentageOfNetDebtToEquityRatio" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="CashAndCashEquivalentsFinancialInvestmentsAndDerivativeHedgeFinancialInstruments" id="ugp_CashAndCashEquivalentsFinancialInvestmentsAndDerivativeHedgeFinancialInstruments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="LoansFinancingAndLeasesPayable" id="ugp_LoansFinancingAndLeasesPayable" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="OtherPayablesUndiscountedCashFlows" id="ugp_OtherPayablesUndiscountedCashFlows" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="FinancialLiabilitiesOfCustomersUndiscountedCashFlows" id="ugp_FinancialLiabilitiesOfCustomersUndiscountedCashFlows" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="TradePayablesReverseFactoringUndiscountedCashFlows" id="ugp_TradePayablesReverseFactoringUndiscountedCashFlows" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="LoansIncludingFutureContractualInterestUndiscountedCashFlows" id="ugp_LoansIncludingFutureContractualInterestUndiscountedCashFlows" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="DerivativeNonmonetaryNotionalAmountVolumeOne" id="ugp_DerivativeNonmonetaryNotionalAmountVolumeOne" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="TermMember" id="ugp_TermMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="MarineFuelMember" id="ugp_MarineFuelMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SeaFreightMember" id="ugp_SeaFreightMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SoybeanOilMember" id="ugp_SoybeanOilMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="RBOBMember" id="ugp_RBOBMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="HeatingOilOneMember" id="ugp_HeatingOilOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TradeAndOtherReceivablesGross" id="ugp_TradeAndOtherReceivablesGross" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables" id="ugp_AllowancesForDoubfulAccountsOnTradeReceivablesAndOtherReceivables" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="CashCashEquivalentsAndFinancialInvestments" id="ugp_CashCashEquivalentsAndFinancialInvestments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="OtherExternalCreditGradesMember" id="ugp_OtherExternalCreditGradesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AMember" id="ugp_AMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AAMember" id="ugp_AAMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AAAMember" id="ugp_AAAMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IncrementalExpenses" id="ugp_IncrementalExpenses" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="InterestRateHedgingInstrumentsLiabilitiesInterestEffect" id="ugp_InterestRateHedgingInstrumentsLiabilitiesInterestEffect" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="ForeignExchangeHedgingInstrumentsAssetsInterestEffect" id="ugp_ForeignExchangeHedgingInstrumentsAssetsInterestEffect" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="InterestEffectOnCashEquivalentsAndFinancialInvestments" id="ugp_InterestEffectOnCashEquivalentsAndFinancialInvestments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="ExposureOfInterestRateRiskAbstract" id="ugp_ExposureOfInterestRateRiskAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NetAssetsLiabilitiesPositionExposedToFloatingInterestRates" id="ugp_NetAssetsLiabilitiesPositionExposedToFloatingInterestRates" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="LoanPayablesMember" id="ugp_LoanPayablesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AssetPositionOfForeignExchangeHedgingInstrumentsMember" id="ugp_AssetPositionOfForeignExchangeHedgingInstrumentsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="LiabilityPositionOfHedgingInstrumentsPreFixedMember" id="ugp_LiabilityPositionOfHedgingInstrumentsPreFixedMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="LiabilityPositionOfForeignExchangeHedgingInstrumentsMember" id="ugp_LiabilityPositionOfForeignExchangeHedgingInstrumentsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="LoansAndDebenturesMember" id="ugp_LoansAndDebenturesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TradeReceivablesSaleOfSubsidiariesMember" id="ugp_TradeReceivablesSaleOfSubsidiariesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="FinancialInvestmentsMember" id="ugp_FinancialInvestmentsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CashEquivalentMember" id="ugp_CashEquivalentMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="BalanceSheetPositionDomain" id="ugp_BalanceSheetPositionDomain" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="BalanceSheetPositionAxis" id="ugp_BalanceSheetPositionAxis" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SelicMember" id="ugp_SelicMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TJLPMember" id="ugp_TJLPMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DiMember" id="ugp_DiMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IncomeStatementEffectincreaseShareholdersEquityDecreaseNetEffect" id="ugp_IncomeStatementEffectincreaseShareholdersEquityDecreaseNetEffect" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="ExchangeRateAppreciationNetEffectOnLiabilityPosition" id="ugp_ExchangeRateAppreciationNetEffectOnLiabilityPosition" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="IncomeStatementEffectIncrease" id="ugp_IncomeStatementEffectIncrease" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="IncomeStatementEffectDecreaseShareHoldersEquityIncreaseNetEffect" id="ugp_IncomeStatementEffectDecreaseShareHoldersEquityIncreaseNetEffect" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="ExchangeRateDevaluationNetEffectOnLiabilityPosition" id="ugp_ExchangeRateDevaluationNetEffectOnLiabilityPosition" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="IncomeStatementEffectDecrease" id="ugp_IncomeStatementEffectDecrease" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="PeriodForSensitivityAnalysis" id="ugp_PeriodForSensitivityAnalysis" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NegativeGoodwillOfNotesInForeignMarket" id="ugp_NegativeGoodwillOfNotesInForeignMarket" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="ExpectedPercentageOfHedgeEffectivenessInRetrospectiveAssessmentToContinueHedgeAccountingForHedgeRelationshipIsNotSubjectToInterestRateBenchmarkReforms" id="ugp_ExpectedPercentageOfHedgeEffectivenessInRetrospectiveAssessmentToContinueHedgeAccountingForHedgeRelationshipIsNotSubjectToInterestRateBenchmarkReforms" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="ExpectedPercentageOfHedgeEffectivenessInRetrospectiveAssessmentToDiscontinueHedgeAccountingForHedgeRelationshipIsSubjectToInterestRateBenchmarkReforms" id="ugp_ExpectedPercentageOfHedgeEffectivenessInRetrospectiveAssessmentToDiscontinueHedgeAccountingForHedgeRelationshipIsSubjectToInterestRateBenchmarkReforms" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="ExchangeRatePerShareForLastMaturityOfForeignExchangeHedgingInstruments" id="ugp_ExchangeRatePerShareForLastMaturityOfForeignExchangeHedgingInstruments" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="ForeignExchangeHedgingInstrumentsDesignatedAsNetInvestmentsHedgeInForeignEntities" id="ugp_ForeignExchangeHedgingInstrumentsDesignatedAsNetInvestmentsHedgeInForeignEntities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="CashFlowHedgeUnrealizedLossOfOtherComprehensiveIncomeNetRelatedToFutureSalesRevenues" id="ugp_CashFlowHedgeUnrealizedLossOfOtherComprehensiveIncomeNetRelatedToFutureSalesRevenues" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="EstimatedInvestmentsForNextFiscalYear" id="ugp_EstimatedInvestmentsForNextFiscalYear" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="FloatingInterestRate" id="ugp_FloatingInterestRate" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="MaturityOfForeignExchangeHedgingInstruments" id="ugp_MaturityOfForeignExchangeHedgingInstruments" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="BalanceOfForeignExchangeHedgingInstrumentsDesignatedAsNetInvestmentsHedgeInForeignEntities" id="ugp_BalanceOfForeignExchangeHedgingInstrumentsDesignatedAsNetInvestmentsHedgeInForeignEntities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="CashFlowHedgeUnrealizedGainLossOfOtherComprehensiveIncomeNetRelatedToNotesInForeignMarket" id="ugp_CashFlowHedgeUnrealizedGainLossOfOtherComprehensiveIncomeNetRelatedToNotesInForeignMarket" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="NotionalAmountOfForeignExchangeHedgingInstrumentsForHighlyProbableFutureTransactionsDesignatedAsCashFlowHedgeRelatedToNotesInForeignMarket" id="ugp_NotionalAmountOfForeignExchangeHedgingInstrumentsForHighlyProbableFutureTransactionsDesignatedAsCashFlowHedgeRelatedToNotesInForeignMarket" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="CashCashEquivalentsAndShortTermFinancialInvestments" id="ugp_CashCashEquivalentsAndShortTermFinancialInvestments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="InvestmentPlan" id="ugp_InvestmentPlan" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="MaximumPercentageOfIdentifiedRiskToCoverByDerivativeFinancialInstruments" id="ugp_MaximumPercentageOfIdentifiedRiskToCoverByDerivativeFinancialInstruments" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NumberOfCustomersAccountedForMoreThanTenPercentOfRevenue" id="ugp_NumberOfCustomersAccountedForMoreThanTenPercentOfRevenue" type="xbrli:decimalItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NumberOfCustomers" id="ugp_NumberOfCustomers" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="CustomerOneMember" id="ugp_CustomerOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CustomerConcentrationsRiskMember" id="ugp_CustomerConcentrationsRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Scenario3Member" id="ugp_Scenario3Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Scenario2Member" id="ugp_Scenario2Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ScenarioMember" id="ugp_ScenarioMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ScenarioDomain" id="ugp_ScenarioDomain" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ScenarioAxis" id="ugp_ScenarioAxis" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NetAssetLiabilityPositionShareholdersEffectEquity" id="ugp_NetAssetLiabilityPositionShareholdersEffectEquity" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="NetAssetLiabilityPositionEffectStatementIncome" id="ugp_NetAssetLiabilityPositionEffectStatementIncome" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="NetAssetLiabilityPositionTotal" id="ugp_NetAssetLiabilityPositionTotal" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsLiabilitiesTableTextBlock" id="ugp_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsLiabilitiesTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ForeignCurrencyHedgingInstruments" id="ugp_ForeignCurrencyHedgingInstruments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="LiabilitiesInForeignCurrency" id="ugp_LiabilitiesInForeignCurrency" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="LiabilitiesExposureFromSubsidiariesHeldForSale" id="ugp_LiabilitiesExposureFromSubsidiariesHeldForSale" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="PayablesArisingFromImports" id="ugp_PayablesArisingFromImports" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="FinancingInForeignCurrency" id="ugp_FinancingInForeignCurrency" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="LiabilitiesInForeignCurrencyAbstract" id="ugp_LiabilitiesInForeignCurrencyAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AssetsInForeignCurrency" id="ugp_AssetsInForeignCurrency" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="SummaryOfFinancialInformationOfJointVenturesAndAssociatesTableTextBlock" id="ugp_SummaryOfFinancialInformationOfJointVenturesAndAssociatesTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="OtherNetAssetsOfForeignSubsidiariesInForeignCurrencyExceptCashCashEquivalentsFinancialInvestmentsTradeReceivablesFinancingAndPayables" id="ugp_OtherNetAssetsOfForeignSubsidiariesInForeignCurrencyExceptCashCashEquivalentsFinancialInvestmentsTradeReceivablesFinancingAndPayables" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="OtherReceivablesInForeignCurrency" id="ugp_OtherReceivablesInForeignCurrency" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="ForeignTradeReceivablesNetOfAllowanceForDoubtfulAccountsAndAdvancesToForeignCustomers" id="ugp_ForeignTradeReceivablesNetOfAllowanceForDoubtfulAccountsAndAdvancesToForeignCustomers" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="CashCashEquivalentsAndFinancialInvestmentsInForeignCurrencyExceptHedgingInstruments" id="ugp_CashCashEquivalentsAndFinancialInvestmentsInForeignCurrencyExceptHedgingInstruments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="AssetsInForeignCurrencyAbstract" id="ugp_AssetsInForeignCurrencyAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AsiaAndOthersRegionsMember" id="ugp_AsiaAndOthersRegionsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OtherLatinAmericanCountriesMember" id="ugp_OtherLatinAmericanCountriesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UnitedStatesOfAmericaAndCanadaMember" id="ugp_UnitedStatesOfAmericaAndCanadaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AdjustmentsForIncreaseDecreaseInPaymentsOfContractualAssetsWithCustomersExclusiveRights" id="ugp_AdjustmentsForIncreaseDecreaseInPaymentsOfContractualAssetsWithCustomersExclusiveRights" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="AdjustmentsForIncreaseDecreaseInCapitalizedInterestAndOtherPropertyPlantAndEquipmentAndProvisionForARO" id="ugp_AdjustmentsForIncreaseDecreaseInCapitalizedInterestAndOtherPropertyPlantAndEquipmentAndProvisionForARO" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="AssetsHeldForSaleMember" id="ugp_AssetsHeldForSaleMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OxitenoMember" id="ugp_OxitenoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" id="ugp_ShareOfProfitLossOfSubsidiariesAssociatesAndJointVentures" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="SellingAndMarketingExpenses" id="ugp_SellingAndMarketingExpenses" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="WeightedAverageNumberOfOrdinarySharesUsedInCalculatingDilutedEarningsPerShareDiscontinuedOperations" id="ugp_WeightedAverageNumberOfOrdinarySharesUsedInCalculatingDilutedEarningsPerShareDiscontinuedOperations" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="WeightedAverageNumberOfOrdinarySharesUsedInCalculatingDilutedEarningsPerShareContinuingOperations" id="ugp_WeightedAverageNumberOfOrdinarySharesUsedInCalculatingDilutedEarningsPerShareContinuingOperations" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="WeightedAverageNumberOfOrdinarySharesUsedInCalculatingBasicEarningsPerShareDiscontinuedOperations" id="ugp_WeightedAverageNumberOfOrdinarySharesUsedInCalculatingBasicEarningsPerShareDiscontinuedOperations" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="WeightedAverageNumberOfOrdinarySharesUsedInCalculatingBasicEarningsPerShareContinuingOperations" id="ugp_WeightedAverageNumberOfOrdinarySharesUsedInCalculatingBasicEarningsPerShareContinuingOperations" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="UpdateOfProvisionsNetAndOtherExpenses" id="ugp_UpdateOfProvisionsNetAndOtherExpenses" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="ExchangeVariationNetOfGainsAndLossesHedgingInstruments" id="ugp_ExchangeVariationNetOfGainsAndLossesHedgingInstruments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="ChangesInSubscriptionWarrants" id="ugp_ChangesInSubscriptionWarrants" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="FinanceLeasesInterest" id="ugp_FinanceLeasesInterest" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="UpdateOfProvisionsAndOtherIncome" id="ugp_UpdateOfProvisionsAndOtherIncome" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="SelicInterestOnPISAndCOFINSCredits" id="ugp_SelicInterestOnPISAndCOFINSCredits" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="ChangesInSubscriptionWarrantsIncome" id="ugp_ChangesInSubscriptionWarrantsIncome" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="FinancialInvestmentsInterest" id="ugp_FinancialInvestmentsInterest" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="ExpensesFromFinesForTaxInfractions" id="ugp_ExpensesFromFinesForTaxInfractions" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="TaxExpensesOnOtherOperatingIncome" id="ugp_TaxExpensesOnOtherOperatingIncome" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="OtherOperatingExpenseAbstract" id="ugp_OtherOperatingExpenseAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TaxEffectOfUnrecordedDeferredIncomeAndSocialContributionTaxesCarryforwardsDeferred" id="ugp_TaxEffectOfUnrecordedDeferredIncomeAndSocialContributionTaxesCarryforwardsDeferred" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="TaxEffectOfAdjustmentToEstimatedIncome" id="ugp_TaxEffectOfAdjustmentToEstimatedIncome" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="TaxEffectOfMonetaryVariationFromSpecialSystemForSettlementAndCustodyOnRepetitionOfTaxUnduePayments" id="ugp_TaxEffectOfMonetaryVariationFromSpecialSystemForSettlementAndCustodyOnRepetitionOfTaxUnduePayments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughOtherAdjustmentsDeferredTaxLiabilityAsset" id="ugp_IncreaseDecreaseThroughOtherAdjustmentsDeferredTaxLiabilityAsset" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="DeferredTaxExpenseIncomeRecognisedInProfitOrLossFromDiscontinuedOperations" id="ugp_DeferredTaxExpenseIncomeRecognisedInProfitOrLossFromDiscontinuedOperations" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="DeferredIncomeAndSocialContributionTaxesOffsetAssetsBalance" id="ugp_DeferredIncomeAndSocialContributionTaxesOffsetAssetsBalance" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="DeferredIncomeAndSocialContributionTaxLiabilities" id="ugp_DeferredIncomeAndSocialContributionTaxLiabilities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="DeferredIncomeAndSocialContributionTaxesOtherProvisionsLiabilities" id="ugp_DeferredIncomeAndSocialContributionTaxesOtherProvisionsLiabilities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsBusinessCombinationFairValueOfAssets" id="ugp_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsBusinessCombinationFairValueOfAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsProvisionForGoodwillAndNegativeGoodwill" id="ugp_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsProvisionForGoodwillAndNegativeGoodwill" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisLiabilities" id="ugp_DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisLiabilities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="DeferredIncomeAndSocialContributionTaxesLease" id="ugp_DeferredIncomeAndSocialContributionTaxesLease" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="DeferredIncomeAndSocialContributionTaxesRevaluationOfPropertyPlantAndEquipment" id="ugp_DeferredIncomeAndSocialContributionTaxesRevaluationOfPropertyPlantAndEquipment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="DeferredIncomeAndSocialContributionTaxLiabilitiesAbstract" id="ugp_DeferredIncomeAndSocialContributionTaxLiabilitiesAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ContractualFineAndGasVoucherIncome" id="ugp_ContractualFineAndGasVoucherIncome" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="RevenueFromMiscellaneousServices" id="ugp_RevenueFromMiscellaneousServices" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="ExtraordinaryTaxCreditsIncome" id="ugp_ExtraordinaryTaxCreditsIncome" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="MerchandisingIncome" id="ugp_MerchandisingIncome" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="CommercialPartnershipsIncome" id="ugp_CommercialPartnershipsIncome" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="OtherOperatingIncomeAbstract" id="ugp_OtherOperatingIncomeAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="GainOnInsuranceClaim" id="ugp_GainOnInsuranceClaim" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="ClassifiedByFunctionAbstract" id="ugp_ClassifiedByFunctionAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OtherOperatingIncomeExpenseByFunction" id="ugp_OtherOperatingIncomeExpenseByFunction" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="ExtemporaneousTaxCredits" id="ugp_ExtemporaneousTaxCredits" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="AdvertisingAndMarketingExpense" id="ugp_AdvertisingAndMarketingExpense" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="ExpensesFromDecarbonizationObligation" id="ugp_ExpensesFromDecarbonizationObligation" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="FreightAndStorageExpense" id="ugp_FreightAndStorageExpense" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="ReclassificationToLiabilitiesOfSubsidiariesHeldForSale" id="ugp_ReclassificationToLiabilitiesOfSubsidiariesHeldForSale" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="DividendsPaidToEquityHolders" id="ugp_DividendsPaidToEquityHolders" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="InterestOnCapitalPaidBeforeIncomeTax" id="ugp_InterestOnCapitalPaidBeforeIncomeTax" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="InterestOnCapitalPaidNetOfIncomeTaxPerShare" id="ugp_InterestOnCapitalPaidNetOfIncomeTaxPerShare" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="AllocationOfNetIncome" id="ugp_AllocationOfNetIncome" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="AllocationOfNetIncomeToInvestmentsStatutoryReserve" id="ugp_AllocationOfNetIncomeToInvestmentsStatutoryReserve" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="MinimumMandatoryDividendsLessInterimDividend" id="ugp_MinimumMandatoryDividendsLessInterimDividend" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="AllocationOfDividendsAbstract" id="ugp_AllocationOfDividendsAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="InterestOnCapitalPaidNetOfIncomeTax" id="ugp_InterestOnCapitalPaidNetOfIncomeTax" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="InterimDividendsPaid" id="ugp_InterimDividendsPaid" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="MinimumMandatoryDividends" id="ugp_MinimumMandatoryDividends" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="AdjustedNetIncomeBasisForDividends" id="ugp_AdjustedNetIncomeBasisForDividends" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="AllocationToLegalReserves" id="ugp_AllocationToLegalReserves" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationOfForeignOperationsDueToSaleOfInvestmentNetOfTax" id="ugp_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationOfForeignOperationsDueToSaleOfInvestmentNetOfTax" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="WriteOffAdjustmentsOnExchangeDifferencesOnTranslationOfSaleOfInvestmentNetOfTax" id="ugp_WriteOffAdjustmentsOnExchangeDifferencesOnTranslationOfSaleOfInvestmentNetOfTax" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="ReserveOfValuationAdjustments" id="ugp_ReserveOfValuationAdjustments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="OtherValuationAdjustmentsMember" id="ugp_OtherValuationAdjustmentsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NoncontrollingShareholdersInterestChangeMember" id="ugp_NoncontrollingShareholdersInterestChangeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ValuationAdjustmentsMember" id="ugp_ValuationAdjustmentsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NumberOfTreasurySharesOutstanding" id="ugp_NumberOfTreasurySharesOutstanding" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="MinimumMandatoryDividendsAsPercentageOfNetIncome" id="ugp_MinimumMandatoryDividendsAsPercentageOfNetIncome" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="ThresholdPercentageOfShareCapitalForInvestmentsReserveAllocation" id="ugp_ThresholdPercentageOfShareCapitalForInvestmentsReserveAllocation" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="InvestmentStatutoryReserveAsMaximumPercentageOfNetIncome" id="ugp_InvestmentStatutoryReserveAsMaximumPercentageOfNetIncome" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="LegalReserves" id="ugp_LegalReserves" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="ThresholdPercentageOfShareCapitalForLegalReserveAllocation" id="ugp_ThresholdPercentageOfShareCapitalForLegalReserveAllocation" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="LegalReserveAsPercentageOfNetIncome" id="ugp_LegalReserveAsPercentageOfNetIncome" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="RetentionOfProfitsAndInvestmentsReserve" id="ugp_RetentionOfProfitsAndInvestmentsReserve" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="TreasurySharesAveragePrice" id="ugp_TreasurySharesAveragePrice" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NumberOfTreasurySharesGrantedWithRightOfUse" id="ugp_NumberOfTreasurySharesGrantedWithRightOfUse" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="NumberOfSharesOutstandingAbroadInFormOfAmericanDepositaryReceipts" id="ugp_NumberOfSharesOutstandingAbroadInFormOfAmericanDepositaryReceipts" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants" id="ugp_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SubscriptionWarrants" id="ugp_SubscriptionWarrants" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="SubscriptionWarrantsShares" id="ugp_SubscriptionWarrantsShares" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="NumberOfSharesCanceledAndNotIssuedWhichLinkedToSubscriptionWarrantsIndemnification" id="ugp_NumberOfSharesCanceledAndNotIssuedWhichLinkedToSubscriptionWarrantsIndemnification" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ExerciseOfWarrantsRightsOutstanding" id="ugp_ExerciseOfWarrantsRightsOutstanding" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="MaximumNumberOfSharesToBeIssuedSubscriptionWarrants" id="ugp_MaximumNumberOfSharesToBeIssuedSubscriptionWarrants" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SubscriptionWarrantsSharesIssued" id="ugp_SubscriptionWarrantsSharesIssued" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfSubscriptionWarrantsTable" id="ugp_DisclosureOfSubscriptionWarrantsTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DeferredRevenueReclassifiedToALiabilityHeldForSale" id="ugp_DeferredRevenueReclassifiedToALiabilityHeldForSale" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="ExchangePeriodOfLoyaltyProgramPointsForCustomers" id="ugp_ExchangePeriodOfLoyaltyProgramPointsForCustomers" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NumberOfStores1" id="ugp_NumberOfStores1" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="NumberOfStoresWhichHaveNotYetMetPerformanceRequirements" id="ugp_NumberOfStoresWhichHaveNotYetMetPerformanceRequirements" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="JetOilMember" id="ugp_JetOilMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AmPmMember" id="ugp_AmPmMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfDeferredRevenueLineItems" id="ugp_SummaryOfDeferredRevenueLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="LoyaltyProgramTwoMember" id="ugp_LoyaltyProgramTwoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="LoyaltyProgramOneMember" id="ugp_LoyaltyProgramOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="FranchisingUpfrontFeeMember" id="ugp_FranchisingUpfrontFeeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DeferredRevenueDomain" id="ugp_DeferredRevenueDomain" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DeferredRevenueAxis" id="ugp_DeferredRevenueAxis" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfDeferredRevenueTable" id="ugp_DisclosureOfDeferredRevenueTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AdjustmentOnEscrowDeposits" id="ugp_AdjustmentOnEscrowDeposits" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="ActionForDamagesAsContingentAssetAmountReceived" id="ugp_ActionForDamagesAsContingentAssetAmountReceived" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="ActionForDamagesAsContingentAssetInitialFixedAmountRecognized" id="ugp_ActionForDamagesAsContingentAssetInitialFixedAmountRecognized" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="PercentageOfReceivablesFromAnActionForDamagesAsContingentAsset" id="ugp_PercentageOfReceivablesFromAnActionForDamagesAsContingentAsset" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ProvisionForIndemnitiesRelatedToTaxClaims" id="ugp_ProvisionForIndemnitiesRelatedToTaxClaims" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="ProvisionForIndemnitiesRelatedToCivilClaims" id="ugp_ProvisionForIndemnitiesRelatedToCivilClaims" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="ProvisionForIndemnitiesRelatedToLaborClaims" id="ugp_ProvisionForIndemnitiesRelatedToLaborClaims" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="ProvisionForIndemnities" id="ugp_ProvisionForIndemnities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="ContingentLiabilitiesForTaxAssessmentsOnSales" id="ugp_ContingentLiabilitiesForTaxAssessmentsOnSales" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="PaymentsForIcmsTaxAssessment" id="ugp_PaymentsForIcmsTaxAssessment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="NumberOfFinesReceived" id="ugp_NumberOfFinesReceived" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SurchargeOnNonEssentialProducts" id="ugp_SurchargeOnNonEssentialProducts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="SurchargeRateOnNonEssentialProducts" id="ugp_SurchargeRateOnNonEssentialProducts" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="FruitionTaxExpensesBenefitsRelatedToFiscalEquilibriumFund" id="ugp_FruitionTaxExpensesBenefitsRelatedToFiscalEquilibriumFund" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="CompensationPaidToParty" id="ugp_CompensationPaidToParty" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="CompensationSuitAgainstDamages" id="ugp_CompensationSuitAgainstDamages" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="PenaltyOnAdministrativeProceedings" id="ugp_PenaltyOnAdministrativeProceedings" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="NumberOfLawsuitsFiledForLaborMatters" id="ugp_NumberOfLawsuitsFiledForLaborMatters" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ContingentLiabilitiesForLaborMatters" id="ugp_ContingentLiabilitiesForLaborMatters" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="ContingentLiabilitiesNotRecognizedToLawsuit" id="ugp_ContingentLiabilitiesNotRecognizedToLawsuit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="PenaltyOnUltragaz" id="ugp_PenaltyOnUltragaz" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="NumberOfLawsuitsFiledForCivilEnvironmentalAndRegulatoryClaims" id="ugp_NumberOfLawsuitsFiledForCivilEnvironmentalAndRegulatoryClaims" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims" id="ugp_ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary" id="ugp_AmortizationOfGoodwillPaidOnAcquisitionOfSubsidiary" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="OffsetClaimsAndCreditDisallowances" id="ugp_OffsetClaimsAndCreditDisallowances" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="ReversalOfConditionedFruitionOfFiscalIncentive" id="ugp_ReversalOfConditionedFruitionOfFiscalIncentive" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="ReversalOfInventoryDifferences" id="ugp_ReversalOfInventoryDifferences" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="ReversalOfAllegedNonpayment" id="ugp_ReversalOfAllegedNonpayment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="ReversalOfICMSCredits" id="ugp_ReversalOfICMSCredits" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="IcmsCredits" id="ugp_IcmsCredits" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="LegalProceedingsRelatedToIcms" id="ugp_LegalProceedingsRelatedToIcms" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="IpiContingency" id="ugp_IpiContingency" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="ContingentLiabilitiesForTaxMattersAndSocialSecurity" id="ugp_ContingentLiabilitiesForTaxMattersAndSocialSecurity" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="PercentageOfPossibleLossContingency" id="ugp_PercentageOfPossibleLossContingency" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="PossibleContingency" id="ugp_PossibleContingency" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="ProvisionsForLaborLitigationFiledByFormerEmployees" id="ugp_ProvisionsForLaborLitigationFiledByFormerEmployees" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="ProvisionsForLawsuitsAndAdministrativeProceedings" id="ugp_ProvisionsForLawsuitsAndAdministrativeProceedings" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="EscrowDepositsMadeUnderPreLiminaryInjunction" id="ugp_EscrowDepositsMadeUnderPreLiminaryInjunction" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="ReceivablesInvestmentFundMember" id="ugp_ReceivablesInvestmentFundMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="FisheriesManagementProjectMember" id="ugp_FisheriesManagementProjectMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SubsidiaryIPPMember" id="ugp_SubsidiaryIPPMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ChevronAndSubsidiaryIPPMember" id="ugp_ChevronAndSubsidiaryIPPMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TwoFormerEmployeesEachMember" id="ugp_TwoFormerEmployeesEachMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ThreeEmployeesAndOneFormerEmployeeMember" id="ugp_ThreeEmployeesAndOneFormerEmployeeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CiaUltragazAndBahianaMember" id="ugp_CiaUltragazAndBahianaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TaxMattersMember" id="ugp_TaxMattersMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions" id="ugp_IncreaseThroughAcquisitionOfSubsidiaryOtherProvisions" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="ProvisionForIndemnitiesMember" id="ugp_ProvisionForIndemnitiesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="LaborLitigationMember" id="ugp_LaborLitigationMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CivilEnvironmentalAndRegulatoryClaimsMember" id="ugp_CivilEnvironmentalAndRegulatoryClaimsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IrpjAndCsllMember" id="ugp_IrpjAndCsllMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ActuarialAssumptionOfAverageDiscountRateOfMedicalServices" id="ugp_ActuarialAssumptionOfAverageDiscountRateOfMedicalServices" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="ActuarialAssumptionOfExpectedRatesOfBonusIncreases" id="ugp_ActuarialAssumptionOfExpectedRatesOfBonusIncreases" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="DecreaseInNetDefinedBenefitLiabilityResultingFromReclassificationToLiabilitiesHeldForSale" id="ugp_DecreaseInNetDefinedBenefitLiabilityResultingFromReclassificationToLiabilitiesHeldForSale" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="EmployeeBenefitsExchangeRateFromForeignSubsidiaries" id="ugp_EmployeeBenefitsExchangeRateFromForeignSubsidiaries" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="PostEmploymentBenefitExpenseInProfitOrLossFromDiscontinuedOperationsDefinedBenefitPlans" id="ugp_PostEmploymentBenefitExpenseInProfitOrLossFromDiscontinuedOperationsDefinedBenefitPlans" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="PostEmploymentBenefitExpenseInProfitOrLossFromContinuingOperationsDefinedBenefitPlans" id="ugp_PostEmploymentBenefitExpenseInProfitOrLossFromContinuingOperationsDefinedBenefitPlans" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="LifeInsuranceMember" id="ugp_LifeInsuranceMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SeniorityBonusMember" id="ugp_SeniorityBonusMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IndemnificationOfFGTSMember" id="ugp_IndemnificationOfFGTSMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="HealthAndDentalCareMember" id="ugp_HealthAndDentalCareMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DemographicAssumptionPercentageOfReasonablyPossibleDecreaseInMortalityTableForOtherBenefits" id="ugp_DemographicAssumptionPercentageOfReasonablyPossibleDecreaseInMortalityTableForOtherBenefits" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ContributionsToPlanByEmployerPortionOfReversionFund" id="ugp_ContributionsToPlanByEmployerPortionOfReversionFund" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="DefinedContributionPensionPlanReversionFundReclassifiedToAssetsHeldForSale" id="ugp_DefinedContributionPensionPlanReversionFundReclassifiedToAssetsHeldForSale" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="NumberOfFormerEmployeesReceivingBenefits" id="ugp_NumberOfFormerEmployeesReceivingBenefits" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NumberOfRetiredParticipatingEmployees" id="ugp_NumberOfRetiredParticipatingEmployees" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NumberOfActiveParticipatingEmployees" id="ugp_NumberOfActiveParticipatingEmployees" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DefinedContributionPensionPlanReversionFund" id="ugp_DefinedContributionPensionPlanReversionFund" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="FixedAccumulatedFundPeriod" id="ugp_FixedAccumulatedFundPeriod" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="AccumulatedFundPercentage" id="ugp_AccumulatedFundPercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="MaximumMatchingContributionInProportionToEmployeeGrossSalaryPercentage" id="ugp_MaximumMatchingContributionInProportionToEmployeeGrossSalaryPercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfTaxesPayableLineItems" id="ugp_DisclosureOfTaxesPayableLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OtherTaxesPayableMember" id="ugp_OtherTaxesPayableMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ISSMunicipalVATMember" id="ugp_ISSMunicipalVATMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TaxOnIndustrializedProductsFederalVATMember" id="ugp_TaxOnIndustrializedProductsFederalVATMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfTaxesPayableTable" id="ugp_DisclosureOfTaxesPayableTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ShortTermEmployeeBenefitsAccrualsForOtherCharges" id="ugp_ShortTermEmployeeBenefitsAccrualsForOtherCharges" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="ShortTermEmployeeBenefitsAccrualsForSocialCharges" id="ugp_ShortTermEmployeeBenefitsAccrualsForSocialCharges" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="ShortTermEmployeeBenefitsAccrualsForProfitSharingBonusAndPremium" id="ugp_ShortTermEmployeeBenefitsAccrualsForProfitSharingBonusAndPremium" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="ShortTermEmployeeBenefitsAccrualsForProvisionsOnSalaries" id="ugp_ShortTermEmployeeBenefitsAccrualsForProvisionsOnSalaries" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="SummaryOfTradePayablesLineItems" id="ugp_SummaryOfTradePayablesLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TradePayablesRreverseFactoringMember" id="ugp_TradePayablesRreverseFactoringMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ForeignSuppliersMember" id="ugp_ForeignSuppliersMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DomesticSuppliersMember" id="ugp_DomesticSuppliersMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TradePayablesDomain" id="ugp_TradePayablesDomain" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TradePayablesAxis" id="ugp_TradePayablesAxis" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfPayablesTable" id="ugp_DisclosureOfPayablesTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ValueOfAssetsPercentage" id="ugp_ValueOfAssetsPercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="BondsIssuePriceInPercentage" id="ugp_BondsIssuePriceInPercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="MaximumAggregateTenderAmountAvailableForIncrease" id="ugp_MaximumAggregateTenderAmountAvailableForIncrease" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="MaximumAggregateTenderAmount" id="ugp_MaximumAggregateTenderAmount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="RestrictedAssetsMember" id="ugp_RestrictedAssetsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NotesDue2029Member" id="ugp_NotesDue2029Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NotesDue2026Member" id="ugp_NotesDue2026Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebtInstrumentsDomain" id="ugp_DebtInstrumentsDomain" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebtInstrumentsAxis" id="ugp_DebtInstrumentsAxis" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AgribusinessCreditRightsCertificateMember" id="ugp_AgribusinessCreditRightsCertificateMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="BankCreditNoteMember" id="ugp_BankCreditNoteMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ForeignLoanSevenMember" id="ugp_ForeignLoanSevenMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ForeignLoanSixMember" id="ugp_ForeignLoanSixMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ForeignLoanFiveMember" id="ugp_ForeignLoanFiveMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ForeignLoanFourMember" id="ugp_ForeignLoanFourMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ForeignLoanThreeMember" id="ugp_ForeignLoanThreeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ForeignLoanTwoMember" id="ugp_ForeignLoanTwoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ForeignLoanOneMember" id="ugp_ForeignLoanOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ChargesMember" id="ugp_ChargesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ForeignLoanDomain" id="ugp_ForeignLoanDomain" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ForeignLoanAxis" id="ugp_ForeignLoanAxis" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="MaturityElevenMember" id="ugp_MaturityElevenMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="MaturityTenMember" id="ugp_MaturityTenMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="MaturityNineMember" id="ugp_MaturityNineMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="MaturityEightMember" id="ugp_MaturityEightMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="MaturitySevenMember" id="ugp_MaturitySevenMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="MaturitySixMember" id="ugp_MaturitySixMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="MaturityFiveMember" id="ugp_MaturityFiveMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="MaturityFourMember" id="ugp_MaturityFourMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="MaturityThreeMember" id="ugp_MaturityThreeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="MaturityTwoMember" id="ugp_MaturityTwoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="MaturityOneMember" id="ugp_MaturityOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NumberOfDebenturesIssued" id="ugp_NumberOfDebenturesIssued" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NumberOfDebenturesDistributedThroughPublicOffer" id="ugp_NumberOfDebenturesDistributedThroughPublicOffer" type="xbrli:decimalItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NumberOfDebentureSeriesIssued" id="ugp_NumberOfDebentureSeriesIssued" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="MaximumPotentialAmountOfFuturePaymentsOnGuarantees" id="ugp_MaximumPotentialAmountOfFuturePaymentsOnGuarantees" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="CollateralAssetsLettersOfCreditOrGuarantees" id="ugp_CollateralAssetsLettersOfCreditOrGuarantees" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="GuaranteesDebtors" id="ugp_GuaranteesDebtors" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="DebentureReprice" id="ugp_DebentureReprice" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="FaceValuePerDebtInstrument" id="ugp_FaceValuePerDebtInstrument" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="DebenturePaymentOfFaceValueDescription" id="ugp_DebenturePaymentOfFaceValueDescription" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DebenturePaymentOfInterestDescription" id="ugp_DebenturePaymentOfInterestDescription" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="UltracargoSolucoesLogisticaSAMember" id="ugp_UltracargoSolucoesLogisticaSAMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebenturesThirteenthIssueMember" id="ugp_DebenturesThirteenthIssueMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebenturesTwelthIssueMember" id="ugp_DebenturesTwelthIssueMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebenturesEleventhIssueMember" id="ugp_DebenturesEleventhIssueMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebenturesTenthIssueMember" id="ugp_DebenturesTenthIssueMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebenturesEighthIssueMember" id="ugp_DebenturesEighthIssueMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebenturesSeventhIssueMember" id="ugp_DebenturesSeventhIssueMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebenturesSixthIssueMember" id="ugp_DebenturesSixthIssueMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebenturesFifthIssueMember" id="ugp_DebenturesFifthIssueMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebenturesFourthIssueMember" id="ugp_DebenturesFourthIssueMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebenturesSecondIssueMember" id="ugp_DebenturesSecondIssueMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebenturesFirstIssueMember" id="ugp_DebenturesFirstIssueMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebentureThirteenMember" id="ugp_DebentureThirteenMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebentureTwelveMember" id="ugp_DebentureTwelveMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebentureElevenMember" id="ugp_DebentureElevenMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebentureTenMember" id="ugp_DebentureTenMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebentureNineMember" id="ugp_DebentureNineMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebentureEightMember" id="ugp_DebentureEightMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebentureSevenMember" id="ugp_DebentureSevenMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebentureSixMember" id="ugp_DebentureSixMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebentureFiveMember" id="ugp_DebentureFiveMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebentureFourMember" id="ugp_DebentureFourMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebentureThreeMember" id="ugp_DebentureThreeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebentureTwoMember" id="ugp_DebentureTwoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebentureOneMember" id="ugp_DebentureOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebentureDomain" id="ugp_DebentureDomain" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebentureAxis" id="ugp_DebentureAxis" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AmountAppropriatedToProfitOrLossInFuture" id="ugp_AmountAppropriatedToProfitOrLossInFuture" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="EffectiveRateOfTransactionCosts" id="ugp_EffectiveRateOfTransactionCosts" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="TransactionCostAmortization" id="ugp_TransactionCostAmortization" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="DecreaseThroughClassifiedAsHeldForSaleAccumulatedTransactionCosts" id="ugp_DecreaseThroughClassifiedAsHeldForSaleAccumulatedTransactionCosts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="PaymentsForDebtTransactionCosts" id="ugp_PaymentsForDebtTransactionCosts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="IncurredTransactionCost" id="ugp_IncurredTransactionCost" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="TransactionCostsFinancialInstruments" id="ugp_TransactionCostsFinancialInstruments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="OtherTransactionCostsMember" id="ugp_OtherTransactionCostsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UnsecuredNotesPayableNotConvertibleIntoSharesMember" id="ugp_UnsecuredNotesPayableNotConvertibleIntoSharesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="BancoDoBrasilMember" id="ugp_BancoDoBrasilMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NotesInForeignMarketMember" id="ugp_NotesInForeignMarketMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebenturesMember" id="ugp_DebenturesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DecreaseThroughClassifiedAsHeldForSaleLoansAndBorrowings" id="ugp_DecreaseThroughClassifiedAsHeldForSaleLoansAndBorrowings" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughNetHedgeDifferencesLoansAndBorrowings" id="ugp_IncreaseDecreaseThroughNetHedgeDifferencesLoansAndBorrowings" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="LoansAndDeBenturesChangeInFairValue" id="ugp_LoansAndDeBenturesChangeInFairValue" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="LoansAndDebenturesMonetaryAndExchangeRateVariation" id="ugp_LoansAndDebenturesMonetaryAndExchangeRateVariation" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughBalanceOfAcquiredCompany" id="ugp_IncreaseDecreaseThroughBalanceOfAcquiredCompany" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="LoandsAndDebenturesInterestAccrued" id="ugp_LoandsAndDebenturesInterestAccrued" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="AdditionsLoansAndDebenturesWithCashEffect" id="ugp_AdditionsLoansAndDebenturesWithCashEffect" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="BrazilianRealDenominatedLoans" id="ugp_BrazilianRealDenominatedLoans" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="ForeignCurrencyDenominatedLoans" id="ugp_ForeignCurrencyDenominatedLoans" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="LoanIndexCurrency" id="ugp_LoanIndexCurrency" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="LoanDescription" id="ugp_LoanDescription" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="Loan25Member" id="ugp_Loan25Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Loan24Member" id="ugp_Loan24Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Loan23Member" id="ugp_Loan23Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Loan22Member" id="ugp_Loan22Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Loan21Member" id="ugp_Loan21Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Loan20Member" id="ugp_Loan20Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Loan19Member" id="ugp_Loan19Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Loan18Member" id="ugp_Loan18Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Loan17Member" id="ugp_Loan17Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Loan16Member" id="ugp_Loan16Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Loan15Member" id="ugp_Loan15Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Loan14Member" id="ugp_Loan14Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Loan13Member" id="ugp_Loan13Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Loan12Member" id="ugp_Loan12Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Loan11Member" id="ugp_Loan11Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Loan10Member" id="ugp_Loan10Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Loan9Member" id="ugp_Loan9Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Loan8Member" id="ugp_Loan8Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Loan7Member" id="ugp_Loan7Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Loan6Member" id="ugp_Loan6Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Loan5Member" id="ugp_Loan5Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Loan4Member" id="ugp_Loan4Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Loan3Member" id="ugp_Loan3Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Loan2Member" id="ugp_Loan2Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Loan1Member" id="ugp_Loan1Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="RealGrowthRate" id="ugp_RealGrowthRate" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="PeriodToMaturity" id="ugp_PeriodToMaturity" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="PeriodOfEvaluation" id="ugp_PeriodOfEvaluation" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwillGross" id="ugp_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwillGross" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="GoodwillAcquisitionSegment" id="ugp_GoodwillAcquisitionSegment" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="StellaMember" id="ugp_StellaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="RepsolMember" id="ugp_RepsolMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DNPMember" id="ugp_DNPMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TemmarMember" id="ugp_TemmarMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OxitenoUruguayMember" id="ugp_OxitenoUruguayMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IconicCblsamemberMember" id="ugp_IconicCblsamemberMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TexacoMember" id="ugp_TexacoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UniaoTerminaisMember" id="ugp_UniaoTerminaisMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="GeneralAndAdministrativeAmortisation" id="ugp_GeneralAndAdministrativeAmortisation" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="SellingAndMarketingAmortisation" id="ugp_SellingAndMarketingAmortisation" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="InventoriesAndCostOfProductsAndServicesSoldAmortisation" id="ugp_InventoriesAndCostOfProductsAndServicesSoldAmortisation" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="DecarbonizationCreditsMember" id="ugp_DecarbonizationCreditsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TrademarkRightsMember" id="ugp_TrademarkRightsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DistributionRightsAssetMember" id="ugp_DistributionRightsAssetMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CommercialPropertyRightsMember" id="ugp_CommercialPropertyRightsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IncreasedecreaseDueToApplicationOfIfrs16Member" id="ugp_IncreasedecreaseDueToApplicationOfIfrs16Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="GeneralAndAdministrativeExpensesMember" id="ugp_GeneralAndAdministrativeExpensesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SellingAndMarketingExpensesMember" id="ugp_SellingAndMarketingExpensesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CostOfProductsAndServicesSoldMember" id="ugp_CostOfProductsAndServicesSoldMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IncomeStatementLocationOneDomain" id="ugp_IncomeStatementLocationOneDomain" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IncomeStatementLocationOneAxis" id="ugp_IncomeStatementLocationOneAxis" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PropertyPlantAndEquipmentGroupOneMember" id="ugp_PropertyPlantAndEquipmentGroupOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ImportsInProgressMember" id="ugp_ImportsInProgressMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AdvancesToSuppliersMember" id="ugp_AdvancesToSuppliersMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ITEquipmentMember" id="ugp_ITEquipmentMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="LPGTanksAndBottlesMember" id="ugp_LPGTanksAndBottlesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember" id="ugp_AutomotiveFuelLubricantDistributionEquipmentAndFacilitiesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UndiscountedOperatingLeasePaymentsToBePaidForContractsOfLowAmountAssets" id="ugp_UndiscountedOperatingLeasePaymentsToBePaidForContractsOfLowAmountAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="LaterThanFifteenYearsMember" id="ugp_LaterThanFifteenYearsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NotLaterThanFiveYearsMember" id="ugp_NotLaterThanFiveYearsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UndiscountedOperatingLeasePaymentsToBePaid" id="ugp_UndiscountedOperatingLeasePaymentsToBePaid" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="DecreaseThroughClassifiedAsHeldForSaleLeaseLiabilities" id="ugp_DecreaseThroughClassifiedAsHeldForSaleLeaseLiabilities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughAssignmentOfContractLeaseLiabilities" id="ugp_IncreaseDecreaseThroughAssignmentOfContractLeaseLiabilities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughNetExchangeDifferencesLeaseLiabilities" id="ugp_IncreaseDecreaseThroughNetExchangeDifferencesLeaseLiabilities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseInBorrowingsThroughAcquisitionOfSubsidiary" id="ugp_IncreaseDecreaseInBorrowingsThroughAcquisitionOfSubsidiary" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="WriteOffsOfLeaseLiabilities" id="ugp_WriteOffsOfLeaseLiabilities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="AdditionsAndRemeasurementOfLeaseLiability" id="ugp_AdditionsAndRemeasurementOfLeaseLiability" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="LoansAndDebenturesInterestPayment" id="ugp_LoansAndDebenturesInterestPayment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="PrincipalPaymentAndFinancialLeases" id="ugp_PrincipalPaymentAndFinancialLeases" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfLeaseLiabilitiesLineItems" id="ugp_DisclosureOfLeaseLiabilitiesLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IFRS16Member" id="ugp_IFRS16Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfLeaseLiabilitiesTable" id="ugp_DisclosureOfLeaseLiabilitiesTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughInitialDirectCostsRightOfUseAssets" id="ugp_IncreaseDecreaseThroughInitialDirectCostsRightOfUseAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="DecreaseThroughClassifiedAsHeldForSaleRightOfUseAssets" id="ugp_DecreaseThroughClassifiedAsHeldForSaleRightOfUseAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseInRightOfUseAssetThroughAcquisitionOfSubsidiaries" id="ugp_IncreaseDecreaseInRightOfUseAssetThroughAcquisitionOfSubsidiaries" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="AmortizationOfRightToUseAsset" id="ugp_AmortizationOfRightToUseAsset" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" id="ugp_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughTransferOfRightOfUseAsset" id="ugp_IncreaseDecreaseThroughTransferOfRightOfUseAsset" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="WriteOffsOfRightOfUseAssets" id="ugp_WriteOffsOfRightOfUseAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="RealEstatePropertyOneMember" id="ugp_RealEstatePropertyOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OtherAssetsIncludingVehiclesAndEquipmentMember" id="ugp_OtherAssetsIncludingVehiclesAndEquipmentMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PortAreasMember" id="ugp_PortAreasMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="RealEstatePropertyMember" id="ugp_RealEstatePropertyMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DecreaseThroughDispositionOfInvestmentInJointVentures" id="ugp_DecreaseThroughDispositionOfInvestmentInJointVentures" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="SaleValueOfJointVenture" id="ugp_SaleValueOfJointVenture" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="RedecardSAMember" id="ugp_RedecardSAMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DecreaseThroughProposedDividendsInvestmentsAccountedForUsingEquityMethod" id="ugp_DecreaseThroughProposedDividendsInvestmentsAccountedForUsingEquityMethod" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughOtherReservesInvestmentsAccountedForUsingEquityMethod" id="ugp_IncreaseDecreaseThroughOtherReservesInvestmentsAccountedForUsingEquityMethod" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="DecreaseThroughReclassificationToAssetsHeldForSaleInvestmentsAccountedForUsingEquityMethod" id="ugp_DecreaseThroughReclassificationToAssetsHeldForSaleInvestmentsAccountedForUsingEquityMethod" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="DecreaseThroughWriteOffInvestmentsAccountedForUsingEquityMethod" id="ugp_DecreaseThroughWriteOffInvestmentsAccountedForUsingEquityMethod" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughMovementsInDiscontinuedOperations" id="ugp_IncreaseDecreaseThroughMovementsInDiscontinuedOperations" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughAcquisition" id="ugp_IncreaseDecreaseThroughAcquisition" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughRedemptionOfShares" id="ugp_IncreaseDecreaseThroughRedemptionOfShares" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughChangesOfInvestmentsInterestFromShareholderTransactionInvestmentsAccountedForUsingEquityMethod" id="ugp_IncreaseDecreaseThroughChangesOfInvestmentsInterestFromShareholderTransactionInvestmentsAccountedForUsingEquityMethod" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughMovements" id="ugp_IncreaseDecreaseThroughMovements" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="DecreaseThroughCapitalDistributionInvestmentsAccountedForUsingEquityMethod" id="ugp_DecreaseThroughCapitalDistributionInvestmentsAccountedForUsingEquityMethod" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="IncreaseThroughCapitalContributionInvestmentsAccountedForUsingEquityMethod" id="ugp_IncreaseThroughCapitalContributionInvestmentsAccountedForUsingEquityMethod" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughActuarialGainLossOfPostEmploymentBenefitsOfSubsidiariesNetOfIncomeAndSocialContributionTaxesInvestmentsAccountedForUsingEquityMethod" id="ugp_IncreaseDecreaseThroughActuarialGainLossOfPostEmploymentBenefitsOfSubsidiariesNetOfIncomeAndSocialContributionTaxesInvestmentsAccountedForUsingEquityMethod" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughValuationAdjustmentsInvestmentsAccountedForUsingEquityMethod" id="ugp_IncreaseDecreaseThroughValuationAdjustmentsInvestmentsAccountedForUsingEquityMethod" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughAccumulatedOtherComprehensiveIncome" id="ugp_IncreaseDecreaseThroughAccumulatedOtherComprehensiveIncome" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughEquityIntrumentGrantedToSubsidiariesJointVenturesAndAssociates" id="ugp_IncreaseDecreaseThroughEquityIntrumentGrantedToSubsidiariesJointVenturesAndAssociates" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="CiaUltragazMember" id="ugp_CiaUltragazMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UltragazMember" id="ugp_UltragazMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NumberOfSharesOrUnitsHeld" id="ugp_NumberOfSharesOrUnitsHeld" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NetFinancialIncomeAndIncomeAndSocialContributionTaxes" id="ugp_NetFinancialIncomeAndIncomeAndSocialContributionTaxes" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit" id="ugp_InvestmentsAccountedForUsingEquityMethodNetOfProvisionForEquityDeficit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="InvestmentsAccountedForUsingEquityMethodProvisionForEquityDeficit" id="ugp_InvestmentsAccountedForUsingEquityMethodProvisionForEquityDeficit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="InvestmentsWithEquityDeficitAccountedForUsingEquityMethod" id="ugp_InvestmentsWithEquityDeficitAccountedForUsingEquityMethod" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="DisclosureOfInvestmentsAccountedForUsingEquityMethodLineItems" id="ugp_DisclosureOfInvestmentsAccountedForUsingEquityMethodLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PlenogasDistribuidoraDeGasMember" id="ugp_PlenogasDistribuidoraDeGasMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="MetalurgicaPlusMember" id="ugp_MetalurgicaPlusMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TransportadoraSulbrasileiraDeGasMember" id="ugp_TransportadoraSulbrasileiraDeGasMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ConnectCarMember" id="ugp_ConnectCarMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OtherInvestmentMember" id="ugp_OtherInvestmentMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TerminalDeCombustiveisPauliniaSAOplaMember" id="ugp_TerminalDeCombustiveisPauliniaSAOplaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NordesteLogsticaIIMember" id="ugp_NordesteLogsticaIIMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NavegantesLogsticaMember" id="ugp_NavegantesLogsticaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="RPRMember" id="ugp_RPRMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UniaoVopakMember" id="ugp_UniaoVopakMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="InvestmentsWithNegativeEquityMember" id="ugp_InvestmentsWithNegativeEquityMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="InvestmentsWithPositiveEquityMember" id="ugp_InvestmentsWithPositiveEquityMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="InvestmentsAccountedForUsingEquityMethodDomain" id="ugp_InvestmentsAccountedForUsingEquityMethodDomain" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="InvestmentsAccountedForUsingEquityMethodAxis" id="ugp_InvestmentsAccountedForUsingEquityMethodAxis" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfInvestmentsAccountedForUsingEquityMethodTable" id="ugp_DisclosureOfInvestmentsAccountedForUsingEquityMethodTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DecreaseThroughTransferOfContractAssets" id="ugp_DecreaseThroughTransferOfContractAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="OtherPrepaidExpenses" id="ugp_OtherPrepaidExpenses" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="PrepaidContributionOfPrivatePensionFundExpense" id="ugp_PrepaidContributionOfPrivatePensionFundExpense" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="PrepaidTaxOtherThanIncomeTaxExpense" id="ugp_PrepaidTaxOtherThanIncomeTaxExpense" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="PrepaidEmployeeBenefitsExpense" id="ugp_PrepaidEmployeeBenefitsExpense" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="PrepaidSoftwareMaintenanceExpense" id="ugp_PrepaidSoftwareMaintenanceExpense" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="PrepaidInsuranceExpense" id="ugp_PrepaidInsuranceExpense" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="PrepaidDeferredStockPlanExpense" id="ugp_PrepaidDeferredStockPlanExpense" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="PrepaidAdvertisingExpense" id="ugp_PrepaidAdvertisingExpense" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="PrepaidRentExpense" id="ugp_PrepaidRentExpense" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="IncomeAndSocialContributionTaxBenefitRelatedToMonetaryVariationSelicOnRepetitionOfTaxUnduePayments" id="ugp_IncomeAndSocialContributionTaxBenefitRelatedToMonetaryVariationSelicOnRepetitionOfTaxUnduePayments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="IncomeTaxBenefitRelatedToAssetsHeldForSale" id="ugp_IncomeTaxBenefitRelatedToAssetsHeldForSale" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="DeferredIncomeAndSocialContributionTaxesMonetaryVariationFromSpecialSystemForSettlementAndCustodyOnRepetitionOfTaxUnduePayments" id="ugp_DeferredIncomeAndSocialContributionTaxesMonetaryVariationFromSpecialSystemForSettlementAndCustodyOnRepetitionOfTaxUnduePayments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="DeferredIncomeAndSocialContributionTaxesMonetaryVariationFromSpecialSystemForSettlementAndCustodyOnRepetitionOfTaxUnduePaymentsReclassifiedToAssetsHeldForSale" id="ugp_DeferredIncomeAndSocialContributionTaxesMonetaryVariationFromSpecialSystemForSettlementAndCustodyOnRepetitionOfTaxUnduePaymentsReclassifiedToAssetsHeldForSale" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="ThresholdPercentageOfTaxableIncomeForIndefiniteExpirationOfTaxLossCarryforwards" id="ugp_ThresholdPercentageOfTaxableIncomeForIndefiniteExpirationOfTaxLossCarryforwards" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="PercentageOfOperatingRevenuesForCalculationOfAlternativeMethodOfTaxationForCompanies" id="ugp_PercentageOfOperatingRevenuesForCalculationOfAlternativeMethodOfTaxationForCompanies" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ThresholdAmountOfGrossRevenueForCalculationOfAlternativeMethodOfTaxationForCompanies" id="ugp_ThresholdAmountOfGrossRevenueForCalculationOfAlternativeMethodOfTaxationForCompanies" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="OxitenoSAOleoquimicaAndEmcaMember" id="ugp_OxitenoSAOleoquimicaAndEmcaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ExtrafarmaOxitenoSAOleoquimicaAndEmcaMember" id="ugp_ExtrafarmaOxitenoSAOleoquimicaAndEmcaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OxitenoSaMember" id="ugp_OxitenoSaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NonConstitutedDeferredTaxesRelatedToIncomeTaxLossCarryforwardsAndNegativeBasisOfSocialContributionBase" id="ugp_NonConstitutedDeferredTaxesRelatedToIncomeTaxLossCarryforwardsAndNegativeBasisOfSocialContributionBase" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="OnshoreMember" id="ugp_OnshoreMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OffshoreMember" id="ugp_OffshoreMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OtherSubsidiariesMember" id="ugp_OtherSubsidiariesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="MillenniumMember" id="ugp_MillenniumMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IntegraFrotasMember" id="ugp_IntegraFrotasMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UltracargoMember" id="ugp_UltracargoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TequimarVilaDoCondeMember" id="ugp_TequimarVilaDoCondeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AbasteceAiMember" id="ugp_AbasteceAiMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UltraparMember" id="ugp_UltraparMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="RenewalOfConcessionTermFiledWithSuperintendenceForDevelopmentOfNortheast" id="ugp_RenewalOfConcessionTermFiledWithSuperintendenceForDevelopmentOfNortheast" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ExpirationYear" id="ugp_ExpirationYear" type="xbrli:gYearItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="IncentivePercentage" id="ugp_IncentivePercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="BusinessUnit" id="ugp_BusinessUnit" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfIncomeAndSocialContributionTaxesLineItems" id="ugp_SummaryOfIncomeAndSocialContributionTaxesLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ItaquiTerminalMember" id="ugp_ItaquiTerminalMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SuapeTerminalMember" id="ugp_SuapeTerminalMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AratuTerminalMember" id="ugp_AratuTerminalMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SuapeBaseMember" id="ugp_SuapeBaseMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AracajuBaseMember" id="ugp_AracajuBaseMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="JuazeiroBaseMember" id="ugp_JuazeiroBaseMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CaucaiaBaseMember" id="ugp_CaucaiaBaseMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="MataripeBaseMember" id="ugp_MataripeBaseMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfDeferredIncomeAndSocialContributionTaxesTable" id="ugp_DisclosureOfDeferredIncomeAndSocialContributionTaxesTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TaxEffectOfTaxIncentives" id="ugp_TaxEffectOfTaxIncentives" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="IncomeAndSocialContributionTaxesBeforeTaxIncentives" id="ugp_IncomeAndSocialContributionTaxesBeforeTaxIncentives" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="TaxEffectFromInterestOnCapital" id="ugp_TaxEffectFromInterestOnCapital" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="TaxEffectOfShareOfProfitLossOfSubsidiariesJointVenturesAndAssociates" id="ugp_TaxEffectOfShareOfProfitLossOfSubsidiariesJointVenturesAndAssociates" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="DeferredIncomeAndSocialContributioTaxesOffsetLiabilitiesBalance" id="ugp_DeferredIncomeAndSocialContributioTaxesOffsetLiabilitiesBalance" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="DeferredIncomeAndSocialContributionTaxAssets" id="ugp_DeferredIncomeAndSocialContributionTaxAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards" id="ugp_DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="DeferredIncomeAndSocialContributionTaxesOtherProvisions" id="ugp_DeferredIncomeAndSocialContributionTaxesOtherProvisions" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="DeferredIncomeAndSocialContributionTaxesProvisionForDeferredRevenue" id="ugp_DeferredIncomeAndSocialContributionTaxesProvisionForDeferredRevenue" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="DeferredIncomeAndSocialContributionTaxesChangeInFairValueOfSubscriptionWarrants" id="ugp_DeferredIncomeAndSocialContributionTaxesChangeInFairValueOfSubscriptionWarrants" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="DeferredIncomeAndSocialContributionTaxesLeasesPayable" id="ugp_DeferredIncomeAndSocialContributionTaxesLeasesPayable" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="DeferredIncomeAndSocialContributionTaxesProvisionForProfitSharingAndBonus" id="ugp_DeferredIncomeAndSocialContributionTaxesProvisionForProfitSharingAndBonus" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="DeferredIncomeAndSocialContributionTaxesProvisionForSuppliers" id="ugp_DeferredIncomeAndSocialContributionTaxesProvisionForSuppliers" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="DeferredIncomeAndSocialContributionTaxesProvisionForAssetRetirementObligation" id="ugp_DeferredIncomeAndSocialContributionTaxesProvisionForAssetRetirementObligation" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="DeferredIncomeAndSocialContributionTaxesBusinessCombinationFiscalBasisAccountingBasisOfGoodwill" id="ugp_DeferredIncomeAndSocialContributionTaxesBusinessCombinationFiscalBasisAccountingBasisOfGoodwill" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="DeferredincomeAndSocialContributionTaxesGoodwill" id="ugp_DeferredincomeAndSocialContributionTaxesGoodwill" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisAssets" id="ugp_DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="DeferredIncomeAndSocialContributionTaxesProvisionForPostEmploymentBenefits" id="ugp_DeferredIncomeAndSocialContributionTaxesProvisionForPostEmploymentBenefits" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="DeferredIncomeAndSocialContributionTaxesProvisionsFortaxCivilAndLaborRisks" id="ugp_DeferredIncomeAndSocialContributionTaxesProvisionsFortaxCivilAndLaborRisks" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="DeferredIncomeAndSocialContributionTaxesProvisionForImpairmentOfAssets" id="ugp_DeferredIncomeAndSocialContributionTaxesProvisionForImpairmentOfAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="DeferredIncomeAndSocialContributionTaxAssetsAbstract" id="ugp_DeferredIncomeAndSocialContributionTaxAssetsAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NumberOfOtherEquityInstrumentsReclassifiedFromHeldForSaleInShareBasedPaymentArrangement" id="ugp_NumberOfOtherEquityInstrumentsReclassifiedFromHeldForSaleInShareBasedPaymentArrangement" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="NumberOfInstrumentsOtherEquityInstrumentsCancellationOfPerformanceSharesDueToTerminationOfExecutiveEmploymen" id="ugp_NumberOfInstrumentsOtherEquityInstrumentsCancellationOfPerformanceSharesDueToTerminationOfExecutiveEmploymen" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NumberOfInstrumentsOtherEquityInstrumentsPerformanceSharesDueToTerminationOfExecutiveEmployment" id="ugp_NumberOfInstrumentsOtherEquityInstrumentsPerformanceSharesDueToTerminationOfExecutiveEmployment" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="GrossSharesGrantDateApril12020Member" id="ugp_GrossSharesGrantDateApril12020Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AccumulatedUnrecognizedGrantCostsRelatedParties" id="ugp_AccumulatedUnrecognizedGrantCostsRelatedParties" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
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  <xsd:element name="GrantCostsIncludingTaxes" id="ugp_GrantCostsIncludingTaxes" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
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  <xsd:element name="GrantDateApril202023TwoMember" id="ugp_GrantDateApril202023TwoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="GrantDateApril202023OneMember" id="ugp_GrantDateApril202023OneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="GrantDateDecember72022Member" id="ugp_GrantDateDecember72022Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="GrantDateSeptember212022Member" id="ugp_GrantDateSeptember212022Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
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  <xsd:element name="GrantDateSeptember222021Member" id="ugp_GrantDateSeptember222021Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
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  <xsd:element name="GrantDateSeptember162020Member" id="ugp_GrantDateSeptember162020Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
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  <xsd:element name="GrantDateSeptember22019Member" id="ugp_GrantDateSeptember22019Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="GrantDateApril32019Member" id="ugp_GrantDateApril32019Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="GrantDateSeptember242018Member" id="ugp_GrantDateSeptember242018Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="GrantDateSeptember192018Member" id="ugp_GrantDateSeptember192018Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="GrantDateApril42018Member" id="ugp_GrantDateApril42018Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PerformanceStockAwardMember" id="ugp_PerformanceStockAwardMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="RestrictedStockAwardMember" id="ugp_RestrictedStockAwardMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NumberOfOtherEquityInstrumentsReclassifiedToHeldForSaleInShareBasedPaymentArrangement" id="ugp_NumberOfOtherEquityInstrumentsReclassifiedToHeldForSaleInShareBasedPaymentArrangement" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="AccumulatedUnrecognizedExercisableGrantCosts" id="ugp_AccumulatedUnrecognizedExercisableGrantCosts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
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  <xsd:element name="GrantDateDecember102014Member" id="ugp_GrantDateDecember102014Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="GrantDateMarch42016Member" id="ugp_GrantDateMarch42016Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ParticipationPercentageOfShareCapital" id="ugp_ParticipationPercentageOfShareCapital" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="PeriodOfTransfterOfOwnershipShares" id="ugp_PeriodOfTransfterOfOwnershipShares" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="PeriodOfAmortizationFromGrantDate" id="ugp_PeriodOfAmortizationFromGrantDate" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ProvisionForExpectedLossesOnAccountsReceivableOrGuarantees" id="ugp_ProvisionForExpectedLossesOnAccountsReceivableOrGuarantees" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="AmortizationReversalOfAmortizationOfShareBasedPlansRecognizedAsGeneralAndAdministrativeExpense" id="ugp_AmortizationReversalOfAmortizationOfShareBasedPlansRecognizedAsGeneralAndAdministrativeExpense" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="RestrictedAndPerformanceStockMember" id="ugp_RestrictedAndPerformanceStockMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DeferredStockUnitPlanMember" id="ugp_DeferredStockUnitPlanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SharebasedPaymentPlanNameDomain" id="ugp_SharebasedPaymentPlanNameDomain" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SharebasedPaymentPlanNameAxis" id="ugp_SharebasedPaymentPlanNameAxis" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="RevenueFromSaleOfGoodsAndRenderingOfServicesRelatedPartyTransactions" id="ugp_RevenueFromSaleOfGoodsAndRenderingOfServicesRelatedPartyTransactions" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="MLFHoldingLtdaMember" id="ugp_MLFHoldingLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ChevronBrasilOleoeGasLtdaMember" id="ugp_ChevronBrasilOleoeGasLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NavegantesLogisticaPortuariaSAMember" id="ugp_NavegantesLogisticaPortuariaSAMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="RouteasyServicosDeAssessoriaLogisticaLtdaMember" id="ugp_RouteasyServicosDeAssessoriaLogisticaLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ChevronBrasilOleosBasicosLtdaMember" id="ugp_ChevronBrasilOleosBasicosLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ChevronLubricantsLankaPlcMember" id="ugp_ChevronLubricantsLankaPlcMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ChevronPetroleumCoColombiaMember" id="ugp_ChevronPetroleumCoColombiaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ChevronBelgiumNvMember" id="ugp_ChevronBelgiumNvMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ChevronProductsCompanyMember" id="ugp_ChevronProductsCompanyMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ChevronOroniteBrasilLtdaMember" id="ugp_ChevronOroniteBrasilLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ChevronMarineProductsMember" id="ugp_ChevronMarineProductsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ChevronLubricantsOilsSAMember" id="ugp_ChevronLubricantsOilsSAMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ChevronLatinAmericaMarketingLlcMember" id="ugp_ChevronLatinAmericaMarketingLlcMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ChevronThailandLimitedMember" id="ugp_ChevronThailandLimitedMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="LA7ParticipaesEEmpreendImobLtdaMember" id="ugp_LA7ParticipaesEEmpreendImobLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ConectCarSolucoesDeMobilidadeEletronicaMember" id="ugp_ConectCarSolucoesDeMobilidadeEletronicaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OxicapIndustriaDeGasesMember" id="ugp_OxicapIndustriaDeGasesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NordesteLogsticaIIIMember" id="ugp_NordesteLogsticaIIIMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NordesteLogsticaIMember" id="ugp_NordesteLogsticaIMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="LatitudeLogsticaMember" id="ugp_LatitudeLogsticaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UniaoVopakArmazensGeraisLtdaMember" id="ugp_UniaoVopakArmazensGeraisLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="RefinariaDePetroleoRigrandenseSAMember" id="ugp_RefinariaDePetroleoRigrandenseSAMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="QuimicaDaBahiaIndustriaEcomercioMember" id="ugp_QuimicaDaBahiaIndustriaEcomercioMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ReceivablesFromTaxesOtherThanIncomeTaxMonetaryVariationAmountReceived" id="ugp_ReceivablesFromTaxesOtherThanIncomeTaxMonetaryVariationAmountReceived" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="ReceivablesFromTaxesOtherThanIncomeTaxPrincipalAmountReceived" id="ugp_ReceivablesFromTaxesOtherThanIncomeTaxPrincipalAmountReceived" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="TaxCreditsReceivedForReceivablesFromTaxesOtherThanIncomeTax" id="ugp_TaxCreditsReceivedForReceivablesFromTaxesOtherThanIncomeTax" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="ReceivablesFromTaxesOtherThanIncomeTaxProvisionForImpairmentLosses" id="ugp_ReceivablesFromTaxesOtherThanIncomeTaxProvisionForImpairmentLosses" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="ReceivablesFromTaxesOtherThanIncomeTaxReclassifiedToAssetsHeldForSaleNetOfProvisionForImpairmentLosses" id="ugp_ReceivablesFromTaxesOtherThanIncomeTaxReclassifiedToAssetsHeldForSaleNetOfProvisionForImpairmentLosses" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="ProfitLossOnProvisionForTaxCivilAndLaborRisks" id="ugp_ProfitLossOnProvisionForTaxCivilAndLaborRisks" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="RealizationOfTaxCreditPeriod" id="ugp_RealizationOfTaxCreditPeriod" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="IrpjAndCsll1Member" id="ugp_IrpjAndCsll1Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IpirangaMember" id="ugp_IpirangaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SubsidiariesGroupFiveMember" id="ugp_SubsidiariesGroupFiveMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="BrazilianFederalRevenueServiceMember" id="ugp_BrazilianFederalRevenueServiceMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SubsidiariesGroupFourMember" id="ugp_SubsidiariesGroupFourMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SubsidiariesGroupThreeMember" id="ugp_SubsidiariesGroupThreeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SubsidiariesGroupTwoMember" id="ugp_SubsidiariesGroupTwoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SubsidiariesGroupOneMember" id="ugp_SubsidiariesGroupOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfRecoverableIncomeTaxAndSocialContributionTaxesLineItems" id="ugp_DisclosureOfRecoverableIncomeTaxAndSocialContributionTaxesLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IrpjandcsllMember" id="ugp_IrpjandcsllMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfRecoverableIncomeTaxAndSocialContributionTaxesTable" id="ugp_DisclosureOfRecoverableIncomeTaxAndSocialContributionTaxesTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsLineItems" id="ugp_DisclosureOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTable" id="ugp_DisclosureOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfRecoverableTaxesLineItems" id="ugp_SummaryOfRecoverableTaxesLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OtherTaxesReceivableMember" id="ugp_OtherTaxesReceivableMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ValueAddedTaxIvaOfForeignSubsidiariesMember" id="ugp_ValueAddedTaxIvaOfForeignSubsidiariesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PisAndCofinsStateVATMember" id="ugp_PisAndCofinsStateVATMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ICMSStatevatMember" id="ugp_ICMSStatevatMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfRecoverableTaxesTable" id="ugp_SummaryOfRecoverableTaxesTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ObsolescenceAndOtherLosses" id="ugp_ObsolescenceAndOtherLosses" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="NetRealizableValueAdjustment" id="ugp_NetRealizableValueAdjustment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="ReversalsOfObsolescenceAndOtherLosses" id="ugp_ReversalsOfObsolescenceAndOtherLosses" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="DecreaseThroughReversalsToNetRealizableValueAdjustmentProvisionsForLossesInventories" id="ugp_DecreaseThroughReversalsToNetRealizableValueAdjustmentProvisionsForLossesInventories" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="AdditionsToObsolescenceAndOtherLosses" id="ugp_AdditionsToObsolescenceAndOtherLosses" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="AdditionsToNetRealizableValueAdjustment" id="ugp_AdditionsToNetRealizableValueAdjustment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="ProvisionForLossesInventories" id="ugp_ProvisionForLossesInventories" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="SummaryOfInventoriesLineItems" id="ugp_SummaryOfInventoriesLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PharmaceuticalHygieneBeautyProductsMember" id="ugp_PharmaceuticalHygieneBeautyProductsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="WorkInProcessMember" id="ugp_WorkInProcessMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="FinishedGoodsMember" id="ugp_FinishedGoodsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PropertiesForResaleMember" id="ugp_PropertiesForResaleMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PurchaseForFutureDeliveryMember" id="ugp_PurchaseForFutureDeliveryMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ConsumableMaterialsAndOtherItemsForResaleMember" id="ugp_ConsumableMaterialsAndOtherItemsForResaleMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="LiquifiedPetroleumGasMember" id="ugp_LiquifiedPetroleumGasMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="RawMaterialsMember" id="ugp_RawMaterialsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="FuelsLubricantsAndGreasesMember" id="ugp_FuelsLubricantsAndGreasesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="InventoriesDomain" id="ugp_InventoriesDomain" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="InventoriesAxis" id="ugp_InventoriesAxis" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ClassesOfInventoriesTable" id="ugp_ClassesOfInventoriesTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AmountPerInstallmentsInDisposalGroupTransaction" id="ugp_AmountPerInstallmentsInDisposalGroupTransaction" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="NumberOfInstallmentsInDisposalGroupTransaction" id="ugp_NumberOfInstallmentsInDisposalGroupTransaction" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DiscountRate" id="ugp_DiscountRate" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="TotalSaleOfInvestments" id="ugp_TotalSaleOfInvestments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="AdjustmentToPresentValueOfReceivablesFromSaleOfInvestments" id="ugp_AdjustmentToPresentValueOfReceivablesFromSaleOfInvestments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="ReceivablesFromSaleOfInvestments" id="ugp_ReceivablesFromSaleOfInvestments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="ResellerFinancing" id="ugp_ResellerFinancing" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="ResellerFinancingGross" id="ugp_ResellerFinancingGross" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="DecreaseThroughClassifiedAsHeldForSaleAllowanceAccountForCreditLossesOfFinancialAssets" id="ugp_DecreaseThroughClassifiedAsHeldForSaleAllowanceAccountForCreditLossesOfFinancialAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="TradeReceivablesDueFromRelatedPartiesGross" id="ugp_TradeReceivablesDueFromRelatedPartiesGross" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="TradeReceivablesGross" id="ugp_TradeReceivablesGross" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="SummaryOfTradeReceivablesLineItems" id="ugp_SummaryOfTradeReceivablesLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ForeignCustomersMember" id="ugp_ForeignCustomersMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DomesticCustomersMember" id="ugp_DomesticCustomersMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TradeReceivablesDomain" id="ugp_TradeReceivablesDomain" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TradeReceivablesAxis" id="ugp_TradeReceivablesAxis" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="FinancialInvestmentsNoncurrent" id="ugp_FinancialInvestmentsNoncurrent" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="FinancialInvestmentsCurrent" id="ugp_FinancialInvestmentsCurrent" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="FinancialInvestments" id="ugp_FinancialInvestments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="CurencyAndInterestRateHedgingInstruments" id="ugp_CurencyAndInterestRateHedgingInstruments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="FinancialInvestmentsInForeignCurrency" id="ugp_FinancialInvestmentsInForeignCurrency" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="FinancialInvestmentsInLocalCurrency" id="ugp_FinancialInvestmentsInLocalCurrency" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency" id="ugp_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency" id="ugp_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="CashAndBankDepositsInForeignCurrency" id="ugp_CashAndBankDepositsInForeignCurrency" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="CashAndBankDepositsInLocalCurrency" id="ugp_CashAndBankDepositsInLocalCurrency" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="WeightedAveragePercentageOfFinancialLiabilitiesOfCustomers" id="ugp_WeightedAveragePercentageOfFinancialLiabilitiesOfCustomers" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NumberOfMonthlyInstallmentsForFinancialLiabilitiesOfCustomers" id="ugp_NumberOfMonthlyInstallmentsForFinancialLiabilitiesOfCustomers" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DeferredIncomeAndSocialContributionTaxExpenseBenefitOnImpairmentLoss" id="ugp_DeferredIncomeAndSocialContributionTaxExpenseBenefitOnImpairmentLoss" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="ResellerFinancingRatePerMonth" id="ugp_ResellerFinancingRatePerMonth" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="TermsOfResellerFinancing" id="ugp_TermsOfResellerFinancing" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesLineItems" id="ugp_BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="LIBORMember" id="ugp_LIBORMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CSLLMember" id="ugp_CSLLMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IRPJMember" id="ugp_IRPJMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TaxesDomain" id="ugp_TaxesDomain" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TaxesAxis" id="ugp_TaxesAxis" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ForeignLoansMember" id="ugp_ForeignLoansMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesTable" id="ugp_BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PercentageOfVotingEquityInterestsToBeAcquired" id="ugp_PercentageOfVotingEquityInterestsToBeAcquired" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="DecreasePercentageOfInvestmentPlan" id="ugp_DecreasePercentageOfInvestmentPlan" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="BorrowingsMaturityPeriod" id="ugp_BorrowingsMaturityPeriod" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="UltraparEmpreendimentosLtdaMember" id="ugp_UltraparEmpreendimentosLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="BondsMaturingIn2029Member" id="ugp_BondsMaturingIn2029Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PromissoryNotesMember" id="ugp_PromissoryNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DescriptionOfFinalPaymentDueDate" id="ugp_DescriptionOfFinalPaymentDueDate" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="FinalPaymentToBeReceivedInDisposalGroupTransaction" id="ugp_FinalPaymentToBeReceivedInDisposalGroupTransaction" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="NumberOfRemainingInstallments" id="ugp_NumberOfRemainingInstallments" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="InitialPaymentMadeInDisposalGroupTransaction" id="ugp_InitialPaymentMadeInDisposalGroupTransaction" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="ChangesInWorkingCapitalAndNetDebtPositionInDisposalGroupTransaction" id="ugp_ChangesInWorkingCapitalAndNetDebtPositionInDisposalGroupTransaction" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="AmountToBePaidAtClosingDateInDisposalGroupTransaction" id="ugp_AmountToBePaidAtClosingDateInDisposalGroupTransaction" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="AggregateSalePriceOfSubsidiary" id="ugp_AggregateSalePriceOfSubsidiary" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="PeriodOfEconomicActivityAffectedDueToCovid19PandemicInDomesticCountry" id="ugp_PeriodOfEconomicActivityAffectedDueToCovid19PandemicInDomesticCountry" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DecreasePercentageOfSales" id="ugp_DecreasePercentageOfSales" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="IncreasePercentageOfSalesVolume" id="ugp_IncreasePercentageOfSalesVolume" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DecreasePercentageOfGeneralAdministrativeAndSalesExpenses" id="ugp_DecreasePercentageOfGeneralAdministrativeAndSalesExpenses" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DecreasePercentageOfSalesVolume" id="ugp_DecreasePercentageOfSalesVolume" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NumberOfPortTerminals" id="ugp_NumberOfPortTerminals" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NumberOfBasicBaskets" id="ugp_NumberOfBasicBaskets" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="BrazilianRealPerUSDollarMember" id="ugp_BrazilianRealPerUSDollarMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ShareholdersMember" id="ugp_ShareholdersMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="EmpreendimentosPagueMenosSAMember" id="ugp_EmpreendimentosPagueMenosSAMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IndoramaVenturesPlcMember" id="ugp_IndoramaVenturesPlcMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ExtrafarmaMember" id="ugp_ExtrafarmaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IndirectControlInterestPercentage" id="ugp_IndirectControlInterestPercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DirectControlInterestPercentage" id="ugp_DirectControlInterestPercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="BusinessSegment" id="ugp_BusinessSegment" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="TequimarVilaDoCondeLogsticaPorturiaSaMember" id="ugp_TequimarVilaDoCondeLogsticaPorturiaSaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TerminalQuimicoDeAratuSATequimarMember" id="ugp_TerminalQuimicoDeAratuSATequimarMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OxitenoAndinaCAMember" id="ugp_OxitenoAndinaCAMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OxitenoNordesteSAIndustriaeComercioMember" id="ugp_OxitenoNordesteSAIndustriaeComercioMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UltracargoVilaDoCondeLogisticaPortuariaSAMember" id="ugp_UltracargoVilaDoCondeLogisticaPortuariaSAMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="StellaGdIntermediacaoDeGeracaoDistribuidaDeEnergiaLtdaMember" id="ugp_StellaGdIntermediacaoDeGeracaoDistribuidaDeEnergiaLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CentroDeConveninciasMillenniumLtdaMember" id="ugp_CentroDeConveninciasMillenniumLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UltragazComercialLtdaMember" id="ugp_UltragazComercialLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="GlobalPetroleumProductsTradingCorporationMember" id="ugp_GlobalPetroleumProductsTradingCorporationMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="EmpresaCariocaDeProdutosQuimicosSAMember" id="ugp_EmpresaCariocaDeProdutosQuimicosSAMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OxitenoShanghaiLtdMember" id="ugp_OxitenoShanghaiLtdMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OxitenoColombiaSASMember" id="ugp_OxitenoColombiaSASMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OxitenoEuropeSprlMember" id="ugp_OxitenoEuropeSprlMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OxitenoUSALLCMember" id="ugp_OxitenoUSALLCMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OxitenoServiciosIndustrialsDeCVMember" id="ugp_OxitenoServiciosIndustrialsDeCVMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OxitenoServiciosCorporativosSADeCVMember" id="ugp_OxitenoServiciosCorporativosSADeCVMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OxitenoMexicoSADeCVMember" id="ugp_OxitenoMexicoSADeCVMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OxitenoUruguaySAMember" id="ugp_OxitenoUruguaySAMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OleoqumicaIndustriaeComrcioDeProdutosQumicosLtdaMember" id="ugp_OleoqumicaIndustriaeComrcioDeProdutosQumicosLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OxitenoArgentinaSociedadDeResponsabilidadLtdaMember" id="ugp_OxitenoArgentinaSociedadDeResponsabilidadLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OxitenoIndustriaComercioMember" id="ugp_OxitenoIndustriaComercioMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SerraDieselMember" id="ugp_SerraDieselMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UltraparMobilidadeLtdaMember" id="ugp_UltraparMobilidadeLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AbasteceAiClubeAutomobilistaInstituicaoDePagamentoLtdaMember" id="ugp_AbasteceAiClubeAutomobilistaInstituicaoDePagamentoLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AbasteceAiParticipacoesSAMember" id="ugp_AbasteceAiParticipacoesSAMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="EaiClubeAutomobilistaSAMember" id="ugp_EaiClubeAutomobilistaSAMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UVCFundoDeInvestimentoEmParticipacoesMultiestrategiaInvestimenToNoExteriorMember" id="ugp_UVCFundoDeInvestimentoEmParticipacoesMultiestrategiaInvestimenToNoExteriorMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SermaAssDosUsuariosEquipProcDeDadosMember" id="ugp_SermaAssDosUsuariosEquipProcDeDadosMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UltraparInternationalSAMember" id="ugp_UltraparInternationalSAMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UltracargoSolucoesLogisticasSAMember" id="ugp_UltracargoSolucoesLogisticasSAMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TEASTerminalExportadorDeAlcoolDeSantosLtdaMember" id="ugp_TEASTerminalExportadorDeAlcoolDeSantosLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UltracargoLogisticaSAMember" id="ugp_UltracargoLogisticaSAMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UltracargoOperacoesLogisticasParticipacoesLtdaMember" id="ugp_UltracargoOperacoesLogisticasParticipacoesLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CentrodeConvenienciasMillenniumLtdaAndSubsidiariesMember" id="ugp_CentrodeConvenienciasMillenniumLtdaAndSubsidiariesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UVCInvestimentosLtdaMember" id="ugp_UVCInvestimentosLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="LPGInternationalIncMember" id="ugp_LPGInternationalIncMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="BahianaDistribuidoraDeGasLtdaMember" id="ugp_BahianaDistribuidoraDeGasLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UtingasArmazenadoraMember" id="ugp_UtingasArmazenadoraMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NovaParanaDistribuidoraDeGasLtdaMember" id="ugp_NovaParanaDistribuidoraDeGasLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CompanhiaUltragazMember" id="ugp_CompanhiaUltragazMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UltragazEnergiaLtdaMember" id="ugp_UltragazEnergiaLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UltragazParticipacoesLtdaMember" id="ugp_UltragazParticipacoesLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ImifarmaProdutosFarmaceuticosCosmeticosMember" id="ugp_ImifarmaProdutosFarmaceuticosCosmeticosMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ImavenImoveisLtdaMember" id="ugp_ImavenImoveisLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IrupeBiocombustiveisLtdaMember" id="ugp_IrupeBiocombustiveisLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IntegraFrotasLtdaMember" id="ugp_IntegraFrotasLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IconicLubrificantesSAMember" id="ugp_IconicLubrificantesSAMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OilTradingImportadoraExportadoraLtdaMember" id="ugp_OilTradingImportadoraExportadoraLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IpirangaLogsticaLtdaMember" id="ugp_IpirangaLogsticaLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IpirangaImobiliriaLtdaMember" id="ugp_IpirangaImobiliriaLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TropicalTransportesIpirangaLtdaMember" id="ugp_TropicalTransportesIpirangaLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IpirangaTradingLimitedMember" id="ugp_IpirangaTradingLimitedMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IcorbanCorrespondenteBancarioLtdaMember" id="ugp_IcorbanCorrespondenteBancarioLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AmPmComestveisLtdaMember" id="ugp_AmPmComestveisLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IpirangaProdutosdePetroleoSAMember" id="ugp_IpirangaProdutosdePetroleoSAMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfAssetsAndLiabilitiesOrDisposalGroupsClassifiedAsHeldForSaleExplanatory" id="ugp_DisclosureOfAssetsAndLiabilitiesOrDisposalGroupsClassifiedAsHeldForSaleExplanatory" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ScheduleOfGainLossOnDisposalOfInvestmentsNetTableTextBlock" id="ugp_ScheduleOfGainLossOnDisposalOfInvestmentsNetTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ScheduleOfAcquiredIntangibleAssetsThatWereNotRecognizedInBooksOfAcquiredEntityTableTextBlock" id="ugp_ScheduleOfAcquiredIntangibleAssetsThatWereNotRecognizedInBooksOfAcquiredEntityTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SerraDieselGroupMember" id="ugp_SerraDieselGroupMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OplaGroupMember" id="ugp_OplaGroupMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NeogasGroupMember" id="ugp_NeogasGroupMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="StellaGroupMember" id="ugp_StellaGroupMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfInsuranceCoverageInSubsidiariesTableTextBlock" id="ugp_SummaryOfInsuranceCoverageInSubsidiariesTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="MinimumAnnualPurchasesTextBlock" id="ugp_MinimumAnnualPurchasesTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfContractsTableTextBlock" id="ugp_SummaryOfContractsTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfVariationForDerivativeInstrumentsOfHedgingObjectExplanatoryTextBlock" id="ugp_DisclosureOfVariationForDerivativeInstrumentsOfHedgingObjectExplanatoryTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ScheduleOfSensitivityAnalysisOfInterestRateHedgingInstrumentsTableTextBlock" id="ugp_ScheduleOfSensitivityAnalysisOfInterestRateHedgingInstrumentsTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfValueOfGainsLossesRecognizedTableTextBlock" id="ugp_SummaryOfValueOfGainsLossesRecognizedTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfAllowanceForDoubtfulAccountsOnTradeReceivablesByGeographicAreaExplanatoryTextBlock" id="ugp_DisclosureOfAllowanceForDoubtfulAccountsOnTradeReceivablesByGeographicAreaExplanatoryTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfAllowanceForDoubtfulAccountsOnTradeReceivablesTableTextBlock" id="ugp_SummaryOfAllowanceForDoubtfulAccountsOnTradeReceivablesTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfSensitivityAnalysisOfFloatingInterestRateRiskTableTextBlock" id="ugp_SummaryOfSensitivityAnalysisOfFloatingInterestRateRiskTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfSensitivityAnalysisOfAssetsAndLiabilitiesInForeignCurrencyTableTextBlock" id="ugp_SummaryOfSensitivityAnalysisOfAssetsAndLiabilitiesInForeignCurrencyTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfAssetsAndLiabilitiesInForeignCurrenciesTableTextBlock" id="ugp_SummaryOfAssetsAndLiabilitiesInForeignCurrenciesTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfFixedAndIntangibleAssetsAbroadExplanatory" id="ugp_DisclosureOfFixedAndIntangibleAssetsAbroadExplanatory" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfAssetReclassificationExplanatory" id="ugp_DisclosureOfAssetReclassificationExplanatory" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ScheduleOfFinancialInformationOfSegmentsMainIndicatorsCashFlowsTableTextBlock" id="ugp_ScheduleOfFinancialInformationOfSegmentsMainIndicatorsCashFlowsTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfFinancialInformationOfSegmentsExplanatory" id="ugp_DisclosureOfFinancialInformationOfSegmentsExplanatory" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfFinancialIncomeExpenseTableTextBlock" id="ugp_SummaryOfFinancialIncomeExpenseTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfOtherOperatingIncomeTableTextBlock" id="ugp_SummaryOfOtherOperatingIncomeTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfExpensesByNatureTableTextBlock" id="ugp_SummaryOfExpensesByNatureTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfDividendsAndAllocationOfNetIncomeTableTextBlock" id="ugp_SummaryOfDividendsAndAllocationOfNetIncomeTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfBalancesAndChangesInConsolidatedDividendsPayableExplanatory" id="ugp_DisclosureOfBalancesAndChangesInConsolidatedDividendsPayableExplanatory" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfCumulativeTranslationAdjustmentsExplanatory" id="ugp_DisclosureOfCumulativeTranslationAdjustmentsExplanatory" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfDeferredRevenueInSubsidiariesTableTextBlock" id="ugp_SummaryOfDeferredRevenueInSubsidiariesTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfBalancesOfEscrowDepositsTableTextBlock" id="ugp_SummaryOfBalancesOfEscrowDepositsTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfChangesInAssetRetirementObligationTableTextBlock" id="ugp_SummaryOfChangesInAssetRetirementObligationTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfSignificantActuarialAssumptionsAdoptedTableTextBlock" id="ugp_SummaryOfSignificantActuarialAssumptionsAdoptedTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfEmploymentBenefitExpenseTableTextBlock" id="ugp_SummaryOfEmploymentBenefitExpenseTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfTaxesPayableTableTextBlock" id="ugp_SummaryOfTaxesPayableTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfSalariesAndRelatedChargesTableTextBlock" id="ugp_SummaryOfSalariesAndRelatedChargesTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfTradePayablesTableTextBlock" id="ugp_SummaryOfTradePayablesTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ScheduleOfNotesPayableTableTextBlock" id="ugp_ScheduleOfNotesPayableTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfLoanAndDebentureMaturityTableTextBlock" id="ugp_SummaryOfLoanAndDebentureMaturityTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfLoanMaturityExplanatory" id="ugp_SummaryOfLoanMaturityExplanatory" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfForeignLoanMaturityTableTextBlock" id="ugp_SummaryOfForeignLoanMaturityTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfForeignLoansTableTextBlock" id="ugp_SummaryOfForeignLoansTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfLoanAndDebentureMaturityDistributionTableTextBlock" id="ugp_SummaryOfLoanAndDebentureMaturityDistributionTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfDebenturesTableTextBlock" id="ugp_SummaryOfDebenturesTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfAppropriatedProfitOrLossInFutureTableTextBlock" id="ugp_SummaryOfAppropriatedProfitOrLossInFutureTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfTransactionCostsTextBlock" id="ugp_SummaryOfTransactionCostsTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfPrincipalMaturityScheduleTableTextBlock" id="ugp_SummaryOfPrincipalMaturityScheduleTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfChangesInLoansDebenturesAndDerivativesTableTextBlock" id="ugp_SummaryOfChangesInLoansDebenturesAndDerivativesTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfChangesInLoansDebenturesAndFinanceLeasesTableTextBlock" id="ugp_SummaryOfChangesInLoansDebenturesAndFinanceLeasesTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfAmortizationExpensesTableTextBlock" id="ugp_SummaryOfAmortizationExpensesTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfLeasesContractOfLowAssetValueExplanatoryTableTextBlock" id="ugp_DisclosureOfLeasesContractOfLowAssetValueExplanatoryTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfMaturityAnalysisOfWeightedAverageDiscountRatesForLeasePayableTableTextBlock" id="ugp_DisclosureOfMaturityAnalysisOfWeightedAverageDiscountRatesForLeasePayableTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfAmortizationExpensesExplanatoryTableTextBlock" id="ugp_DisclosureOfAmortizationExpensesExplanatoryTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DescriptionOfTransferToProvisionForShortTermLiabilitiesRelatedToJointVenturesTableTextBlock" id="ugp_DescriptionOfTransferToProvisionForShortTermLiabilitiesRelatedToJointVenturesTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ScheduleOfBalancesAndChangesInInvestmentsAccountedForUsingEquityMethodTableTextBlock" id="ugp_ScheduleOfBalancesAndChangesInInvestmentsAccountedForUsingEquityMethodTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfPrepaidExpensesTableTextBlock" id="ugp_SummaryOfPrepaidExpensesTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfForeignSubsidiariesHaveTaxLossCarryforwardsTableTextBlock" id="ugp_DisclosureOfForeignSubsidiariesHaveTaxLossCarryforwardsTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfDeferredIncomeAndSocialContributionTaxAssetsExplanatoryTextBlock" id="ugp_DisclosureOfDeferredIncomeAndSocialContributionTaxAssetsExplanatoryTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfTaxIncentivesTableTextBlock" id="ugp_SummaryOfTaxIncentivesTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfTaxReconciliationTableTextBlock" id="ugp_SummaryOfTaxReconciliationTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfDeferredTaxAssetRecoveryTableTextBlock" id="ugp_SummaryOfDeferredTaxAssetRecoveryTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfChangesInBalanceOfDeferredTaxesTableTextBlock" id="ugp_SummaryOfChangesInBalanceOfDeferredTaxesTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfSummarizedChangesOfNumberOfRestrictedAndPerformanceSharesGrantedExplanatory" id="ugp_DisclosureOfSummarizedChangesOfNumberOfRestrictedAndPerformanceSharesGrantedExplanatory" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ScheduleOfRestrictedAndPerformanceStockProgramsTableTextBlock" id="ugp_ScheduleOfRestrictedAndPerformanceStockProgramsTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ScheduleOfChangesInDeferredStockPlanTableTextBlock" id="ugp_ScheduleOfChangesInDeferredStockPlanTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ScheduleOfDeferredStockPlanSharesGrantedByDateTableTextBlock" id="ugp_ScheduleOfDeferredStockPlanSharesGrantedByDateTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfCompensationForKeyExecutivesTableTextBlock" id="ugp_SummaryOfCompensationForKeyExecutivesTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfRecoverableIncomeTaxAndSocialContributionTaxesExplanatory" id="ugp_DisclosureOfRecoverableIncomeTaxAndSocialContributionTaxesExplanatory" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfEstimatedRecoveryOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityTableTextBlock" id="ugp_DisclosureOfEstimatedRecoveryOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ScheduleOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTableTextBlock" id="ugp_ScheduleOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfRecoverableTaxesTableTextBlock" id="ugp_SummaryOfRecoverableTaxesTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfInventoriesProvisionForLossesExplanatory" id="ugp_DisclosureOfInventoriesProvisionForLossesExplanatory" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfProvisionForLossesExplanatory" id="ugp_DisclosureOfProvisionForLossesExplanatory" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfInventoriesCompositionExplanatory" id="ugp_DisclosureOfInventoriesCompositionExplanatory" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfBreakdownOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock" id="ugp_DisclosureOfBreakdownOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfOtherReceivablesExplanatory" id="ugp_DisclosureOfOtherReceivablesExplanatory" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfBreakdownOfAllowanceForExpectedCreditLossesOnDoubtfulAccountsExplanatoryTextBlock" id="ugp_DisclosureOfBreakdownOfAllowanceForExpectedCreditLossesOnDoubtfulAccountsExplanatoryTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfBreakdownOfResellerFinancingGrossOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock" id="ugp_DisclosureOfBreakdownOfResellerFinancingGrossOfExpectedLossesOnDoubtfulAccountsExplanatoryTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfResellerFinancingCompositionExplanatory" id="ugp_DisclosureOfResellerFinancingCompositionExplanatory" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureInBreakdownOfExpectedLossOnDoubtfulAccountsExplanatoryTextBlock" id="ugp_DisclosureInBreakdownOfExpectedLossOnDoubtfulAccountsExplanatoryTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfTradeReceivablesBreakdownExplanatory" id="ugp_DisclosureOfTradeReceivablesBreakdownExplanatory" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfTradeReceivablesCompositionExplanatory" id="ugp_DisclosureOfTradeReceivablesCompositionExplanatory" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ResellerFinancingIpirangaMember" id="ugp_ResellerFinancingIpirangaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ScheduleOfFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsTableTextBlock" id="ugp_ScheduleOfFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfForeignSubsidiariesTableTextBlock" id="ugp_SummaryOfForeignSubsidiariesTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DescriptionOfAccountingPolicyForFinancialLiabilitiesOfCustomersPolicyTextBlock" id="ugp_DescriptionOfAccountingPolicyForFinancialLiabilitiesOfCustomersPolicyTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DescriptionOfAccountingPolicyForUseOfEstimatesAssumptionsAndJudgmentsExplanatory" id="ugp_DescriptionOfAccountingPolicyForUseOfEstimatesAssumptionsAndJudgmentsExplanatory" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DescriptionOfAccountingPolicyForBasisForTranslationOfFinancialStatementsExplanatory" id="ugp_DescriptionOfAccountingPolicyForBasisForTranslationOfFinancialStatementsExplanatory" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DescriptionOfAccountingPolicyForOtherLiabilitiesExplanatory" id="ugp_DescriptionOfAccountingPolicyForOtherLiabilitiesExplanatory" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DescriptionOfAccountingPolicyForOtherProvisionsExplanatory" id="ugp_DescriptionOfAccountingPolicyForOtherProvisionsExplanatory" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DescriptionOfAccountingPolicyForOtherAssetsExplanatory" id="ugp_DescriptionOfAccountingPolicyForOtherAssetsExplanatory" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DescriptionOfAccountingPolicyForRecognitionOfTaxCreditsPolicyTextBlock" id="ugp_DescriptionOfAccountingPolicyForRecognitionOfTaxCreditsPolicyTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfFinanceIncomeExpenseAbstract" id="ugp_DisclosureOfFinanceIncomeExpenseAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfOtherOperatingIncomeExpenseAbstract" id="ugp_DisclosureOfOtherOperatingIncomeExpenseAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentTextBlock" id="ugp_DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentAbstract" id="ugp_DisclosureOfGainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAssetsAndImpairmentAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfSubscriptionWarrantsExplanatory" id="ugp_DisclosureOfSubscriptionWarrantsExplanatory" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfSubscriptionWarrantsIndemnificationAbstract" id="ugp_DisclosureOfSubscriptionWarrantsIndemnificationAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfTaxPayablesAbstract" id="ugp_DisclosureOfTaxPayablesAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfSalariesAndRelatedChargesExplanatory" id="ugp_DisclosureOfSalariesAndRelatedChargesExplanatory" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfIncomeAndSocialContributionTaxesAbstract" id="ugp_DisclosureOfIncomeAndSocialContributionTaxesAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfTaxesToRecoverExplanatory" id="ugp_DisclosureOfTaxesToRecoverExplanatory" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfTaxesToRecoverAbstract" id="ugp_DisclosureOfTaxesToRecoverAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsTextBlock" id="ugp_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsAbstract" id="ugp_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesTextBlock" id="ugp_DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesAbstract" id="ugp_DisclosureOfPrinciplesOfConsolidationAndInvestmentsInSubsidiariesAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfNewAccountingPoliciesChangesInAccountingPoliciesExplanatory" id="ugp_DisclosureOfNewAccountingPoliciesChangesInAccountingPoliciesExplanatory" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NewAccountingPoliciesChangesInAccountingPoliciesAbstract" id="ugp_NewAccountingPoliciesChangesInAccountingPoliciesAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesTextBlock" id="ugp_DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesAbstract" id="ugp_DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfOperationsExplanatory" id="ugp_DisclosureOfOperationsExplanatory" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfOperationsAbstract" id="ugp_DisclosureOfOperationsAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect" id="ugp_AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination" id="ugp_IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="NonCashTransferBetweenTradeReceivablesAndPropertyPlantAndEquipment" id="ugp_NonCashTransferBetweenTradeReceivablesAndPropertyPlantAndEquipment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="AdjustmentsForNonCashReversionFundPrivatePension" id="ugp_AdjustmentsForNonCashReversionFundPrivatePension" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="NonCashContributionsOfNonControllingInterests" id="ugp_NonCashContributionsOfNonControllingInterests" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights" id="ugp_AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="AdditionOnRightToUseAssetsAndLeasesPayable" id="ugp_AdditionOnRightToUseAssetsAndLeasesPayable" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="NonCashTransactionsAbstract" id="ugp_NonCashTransactionsAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations" id="ugp_IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations" id="ugp_IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations" id="ugp_EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="EffectOfExchangeRateChangesOnCashAndCashEquivalentsContinuingOperations" id="ugp_EffectOfExchangeRateChangesOnCashAndCashEquivalentsContinuingOperations" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" id="ugp_PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" id="ugp_ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities" id="ugp_InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesAbstract" id="ugp_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="InterestPaidForBorrowingsClassifiedAsFinancingActivities" id="ugp_InterestPaidForBorrowingsClassifiedAsFinancingActivities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="BorrowingsClassifiedAsFinancingActivitiesAbstract" id="ugp_BorrowingsClassifiedAsFinancingActivitiesAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities" id="ugp_ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="CashReceiptsFromRepaymentOfLoansMadeToRelatedParties" id="ugp_CashReceiptsFromRepaymentOfLoansMadeToRelatedParties" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="FinancialInvestmentsNetOfRedemptions" id="ugp_FinancialInvestmentsNetOfRedemptions" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="AdjustmentsForIncreaseDecreaseInLiabilitiesFromIncomeAndSocialContributionTaxesPaid" id="ugp_AdjustmentsForIncreaseDecreaseInLiabilitiesFromIncomeAndSocialContributionTaxesPaid" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="AdjustmentsForIncreaseDecreaseInPaymentsOfContingencies" id="ugp_AdjustmentsForIncreaseDecreaseInPaymentsOfContingencies" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="AdjustmentsForIncreaseDecreaseInNonCurrentPaymentsOfContractualAssetsWithCustomersExclusiveRights" id="ugp_AdjustmentsForIncreaseDecreaseInNonCurrentPaymentsOfContractualAssetsWithCustomersExclusiveRights" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="AdjustmentsForIncreaseDecreaseInAcquisitionOfDecarbonizationCredits" id="ugp_AdjustmentsForIncreaseDecreaseInAcquisitionOfDecarbonizationCredits" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="AdjustmentsForIncreaseDecreaseInTaxesPayable" id="ugp_AdjustmentsForIncreaseDecreaseInTaxesPayable" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges" id="ugp_AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseInLiabilitiesAbstract" id="ugp_IncreaseDecreaseInLiabilitiesAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AdjustmentsForDecreaseIncreaseInRecoverableTaxes" id="ugp_AdjustmentsForDecreaseIncreaseInRecoverableTaxes" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseInAssetsAbstract" id="ugp_IncreaseDecreaseInAssetsAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AdjustmentsForOtherProvisionsAndAdjustments" id="ugp_AdjustmentsForOtherProvisionsAndAdjustments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="AdjustmentsForProvisionOfDecarbonization" id="ugp_AdjustmentsForProvisionOfDecarbonization" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="AdjustmentsForInterestAndForeignExchangeRateVariations" id="ugp_AdjustmentsForInterestAndForeignExchangeRateVariations" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="AdjustmentsForAmortizationOfRightOfUseAssets" id="ugp_AdjustmentsForAmortizationOfRightOfUseAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="InterimDividendsPerShare" id="ugp_InterimDividendsPerShare" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ProposedDividendsPerShare" id="ugp_ProposedDividendsPerShare" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="InterestOnCapitalPaidPerShare" id="ugp_InterestOnCapitalPaidPerShare" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare" id="ugp_AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="AdditionalMinimumMandatoryDividendsRecognisedPerShare" id="ugp_AdditionalMinimumMandatoryDividendsRecognisedPerShare" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="InterimDividends" id="ugp_InterimDividends" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="InterestOnCapitalPaid" id="ugp_InterestOnCapitalPaid" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="AdditionalDividendsToMinimumMandatoryDividendsRecognised" id="ugp_AdditionalDividendsToMinimumMandatoryDividendsRecognised" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="AdditionalMinimumMandatoryDividendsRecognised" id="ugp_AdditionalMinimumMandatoryDividendsRecognised" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve" id="ugp_IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="AllocationOfNetIncomeAbstract" id="ugp_AllocationOfNetIncomeAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests" id="ugp_IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments" id="ugp_IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders" id="ugp_SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="UnclaimedDividendsForfeited" id="ugp_UnclaimedDividendsForfeited" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughCapitalIncreaseWithReserves" id="ugp_IncreaseDecreaseThroughCapitalIncreaseWithReserves" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity" id="ugp_IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughEquityInstrumentGranted" id="ugp_IncreaseDecreaseThroughEquityInstrumentGranted" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity" id="ugp_IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="AdjustmentsForCurrentTaxExpenseAndDeferredTaxExpense" id="ugp_AdjustmentsForCurrentTaxExpenseAndDeferredTaxExpense" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseThroughProvisionOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" id="ugp_IncreaseThroughProvisionOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="OthersRegionsMember" id="ugp_OthersRegionsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OperationsContractedOneMember" id="ugp_OperationsContractedOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OperationsContractedTwoMember" id="ugp_OperationsContractedTwoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OutstandingSharesPricePerShare" id="ugp_OutstandingSharesPricePerShare" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="IncreaseThroughCapitalContributionInSharesInvestmentsAccountedForUsingEquityMethod" id="ugp_IncreaseThroughCapitalContributionInSharesInvestmentsAccountedForUsingEquityMethod" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughTaxIncentiveReserveInvestmentsAccountedForUsingEquityMethod" id="ugp_IncreaseDecreaseThroughTaxIncentiveReserveInvestmentsAccountedForUsingEquityMethod" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="AdvancesForFutureCapitalIncreaseMember" id="ugp_AdvancesForFutureCapitalIncreaseMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AdvancesMember" id="ugp_AdvancesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="FinancialLiabilitiesMeasuredAtFairValueAdditions" id="ugp_FinancialLiabilitiesMeasuredAtFairValueAdditions" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="FinancialDerivativeHedgingInstrumentsAtFairValue" id="ugp_FinancialDerivativeHedgingInstrumentsAtFairValue" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="TradeReceivablesAndResellerFinancingAllowanceForCreditLoss" id="ugp_TradeReceivablesAndResellerFinancingAllowanceForCreditLoss" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="NumberOfServiceStations" id="ugp_NumberOfServiceStations" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="BusinessCombinationPaymentsForPurchasePriceAdjustments" id="ugp_BusinessCombinationPaymentsForPurchasePriceAdjustments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="IpirangaTradingEuropeSAMember" id="ugp_IpirangaTradingEuropeSAMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IpirangaTradingMiddleEastDmccMember" id="ugp_IpirangaTradingMiddleEastDmccMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IpirangaTradingNorthAmericaLlcMember" id="ugp_IpirangaTradingNorthAmericaLlcMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="GlazedBrasilSAMember" id="ugp_GlazedBrasilSAMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NeodieselLtdaMember" id="ugp_NeodieselLtdaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PercentageOfReasonablyPossibleIncreaseDecreaseInUnobservableInputLiabilities" id="ugp_PercentageOfReasonablyPossibleIncreaseDecreaseInUnobservableInputLiabilities" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="InterestRateSwapContractTwoMember" id="ugp_InterestRateSwapContractTwoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NortheastRegionConstitutionalFundMember" id="ugp_NortheastRegionConstitutionalFundMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows" id="ugp_FinancialLiabilitiesAndLeasesPayableUndiscountedCashFlows" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="FinancialLiabilitiesMeasuredAtFairValueMonetaryVariation" id="ugp_FinancialLiabilitiesMeasuredAtFairValueMonetaryVariation" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="FinancialLiabilitiesMeasuredAtFairValueSettlement" id="ugp_FinancialLiabilitiesMeasuredAtFairValueSettlement" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="FinancialLiabilitiesMeasuredAtFairValueUpdateOfEarnoutAssumptions" id="ugp_FinancialLiabilitiesMeasuredAtFairValueUpdateOfEarnoutAssumptions" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="EnergyTradingFuturesContractsLiabilitiesMember" id="ugp_EnergyTradingFuturesContractsLiabilitiesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OtherReceivablesAndOtherAssetsMember" id="ugp_OtherReceivablesAndOtherAssetsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="EnergyTradingFuturesContractsAssetsMember" id="ugp_EnergyTradingFuturesContractsAssetsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="FinancialInvestmentsSecuritiesAndFundsInForeignCurrencyMember" id="ugp_FinancialInvestmentsSecuritiesAndFundsInForeignCurrencyMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfChangesInFinancialLiabilitiesMeasuredAtLevel3OfFairValueHierarchyTableTextBlock" id="ugp_DisclosureOfChangesInFinancialLiabilitiesMeasuredAtLevel3OfFairValueHierarchyTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfJointVenturesAndAssociatesTable" id="ugp_DisclosureOfJointVenturesAndAssociatesTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DecreaseThroughProvisionForTaxMattersReversedEscrowDeposits" id="ugp_DecreaseThroughProvisionForTaxMattersReversedEscrowDeposits" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="UnusedProvisionReversalsOfUpdatesOtherProvisions" id="ugp_UnusedProvisionReversalsOfUpdatesOtherProvisions" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="LaborContingentLiabilityMember" id="ugp_LaborContingentLiabilityMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CivilContingentLiabilityMember" id="ugp_CivilContingentLiabilityMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="FairValueOfInvesteesAssetsAndLiabilitiesRecognisedAsOfAcquisitionDate" id="ugp_FairValueOfInvesteesAssetsAndLiabilitiesRecognisedAsOfAcquisitionDate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="FairValueOfAssetsAndLiabilitiesAccordingToSubsidiariesInterestRecognisedAsOfAcquisitionDate" id="ugp_FairValueOfAssetsAndLiabilitiesAccordingToSubsidiariesInterestRecognisedAsOfAcquisitionDate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="DerivativeInstrumentsRecognisedAsOfAcquisitionDate" id="ugp_DerivativeInstrumentsRecognisedAsOfAcquisitionDate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="OtherReceivablesAndOtherAssetsRecognisedAsOfAcquisitionDate" id="ugp_OtherReceivablesAndOtherAssetsRecognisedAsOfAcquisitionDate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="PrepaidExpensesRecognisedAsOfAcquisitionDate" id="ugp_PrepaidExpensesRecognisedAsOfAcquisitionDate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="SubsequentAcquisitionsOfAdditionalInterests" id="ugp_SubsequentAcquisitionsOfAdditionalInterests" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="ScheduleOfTransactionAmountsForAcquiringInterestTableTextBlock" id="ugp_ScheduleOfTransactionAmountsForAcquiringInterestTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NetCashConsumedInPurchaseOfinvestmentsSaleTransactionAndOtherAssets" id="ugp_NetCashConsumedInPurchaseOfinvestmentsSaleTransactionAndOtherAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfJointVenturesAndAssociatesLineItems" id="ugp_DisclosureOfJointVenturesAndAssociatesLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DecreaseThroughReversalOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" id="ugp_DecreaseThroughReversalOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="DecreaseThroughWriteOffsOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" id="ugp_DecreaseThroughWriteOffsOfAllowanceForCreditLossOnTradeReceivablesAndResellerFinancing" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="ResellerFinancingAveragePaymentTerm" id="ugp_ResellerFinancingAveragePaymentTerm" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="OperationsContractedSeventeenMember" id="ugp_OperationsContractedSeventeenMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OperationsContractedSixteenMember" id="ugp_OperationsContractedSixteenMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OperationsContractedFifteenMember" id="ugp_OperationsContractedFifteenMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OperationsContractedFourteenMember" id="ugp_OperationsContractedFourteenMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OperationsContractedThirteenMember" id="ugp_OperationsContractedThirteenMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OperationsContractedTwelveMember" id="ugp_OperationsContractedTwelveMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OperationsContractedElevenMember" id="ugp_OperationsContractedElevenMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OperationsContractedTenMember" id="ugp_OperationsContractedTenMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OperationsContractedNineMember" id="ugp_OperationsContractedNineMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OperationsContractedEightMember" id="ugp_OperationsContractedEightMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OperationsContractedSevenMember" id="ugp_OperationsContractedSevenMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OperationsContractedSixMember" id="ugp_OperationsContractedSixMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OperationsContractedFiveMember" id="ugp_OperationsContractedFiveMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OperationsContractedFourMember" id="ugp_OperationsContractedFourMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OperationsContractedThreeMember" id="ugp_OperationsContractedThreeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OperationsContractedDomain" id="ugp_OperationsContractedDomain" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OperationsContractedAxis" id="ugp_OperationsContractedAxis" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CollateralFinancingRealGuarantees" id="ugp_CollateralFinancingRealGuarantees" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="DebenturesThirdIssueMember" id="ugp_DebenturesThirdIssueMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebentureFifteenMember" id="ugp_DebentureFifteenMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebentureFourteenMember" id="ugp_DebentureFourteenMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SummaryOfOperationsContractedLoansTableTextBlock" id="ugp_SummaryOfOperationsContractedLoansTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="WtzParticipacoesSAMember" id="ugp_WtzParticipacoesSAMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DividendPayableDate" id="ugp_DividendPayableDate" type="xbrli:dateItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ActuarialAssumptionOfDiscountRatesForLifeInsurance" id="ugp_ActuarialAssumptionOfDiscountRatesForLifeInsurance" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="ActuarialAssumptionOfDiscountRatesForBonus" id="ugp_ActuarialAssumptionOfDiscountRatesForBonus" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="ActuarialAssumptionOfDiscountRatesForIndemnificationOfSeverance" id="ugp_ActuarialAssumptionOfDiscountRatesForIndemnificationOfSeverance" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="OtherCurrentAndNoncurrentAssets" id="ugp_OtherCurrentAndNoncurrentAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
</xsd:schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.8
<SEQUENCE>22
<FILENAME>ex28_1.htm
<DESCRIPTION>EXHIBIT 2.8
<TEXT>
<html><body><div><div style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Exhibit 2.</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">8</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">DESCRIPTION OF SECURITIES REGISTERED UNDER SECTION 12 OF THE EXCHANGE ACT </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of December</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">20</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(&#8220;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,&#8221; the &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;us,&#8221; and &#8220;our&#8221;) had the following classes of securities registered pursuant to Section</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">12(b) of the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Securities </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Exchange Act</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> of 1934</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">:</font></p>
<p style="margin: 0pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Title of each class</font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Trading symbol(s)</font></p>




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<p style="margin: 0pt; text-align: justify; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Name</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">of</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">each</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">exchange</font><br><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">on which registered</font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">C</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">ommon shares without par value*</font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8212;</font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">New York Stock Exchange*</font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">American Depositary Shares**</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">,&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">each representing </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">one</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> common share</font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">UGP</font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">New York Stock Exchange</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">**</font></p>




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<p style="margin: 0pt 0pt 0pt 0pt; text-align: justify; text-indent: -36pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
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<td style="width: 3%; padding: 0px 0px 5px; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">*</font></td>
<td style="width: 97%; padding: 0px 0px 5px; vertical-align: top; text-align: justify;" valign="top"><font style="font-size: 10pt;"><font style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -48px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Not for trading, but only in connection with the registration of the American depositary shares (the &#8220;ADSs&#8221;), representing such common shares, pursuant to the requirements of the SEC.</font></font></td>








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<td><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">**</font></td>
<td><font style="font-size: 10pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Evidenced by American&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">d</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">epositary&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">r</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">eceipts</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;(&#8220;ADRs&#8221;)</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font></font></td>








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<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Capitalized terms used but not defined in this Exhi</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">bit 2.</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">8</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">shall have the meaning given to such terms in the Ultrapar&#8217;s Annual </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Report</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> on Form 20-F for the fiscal year ended December 31, </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">20</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">24</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(the &#8220;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">20</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">24</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Form 20-F&#8221;). </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">COMMON SHARES</font></p>
<p style="margin: 6pt 0pt 5pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The following description of Ultrapar&#8217;s common shares is</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> a summary of selected significant provisions of our bylaws and the Brazilian Corporate Law, the rules and regulations of the CVM and the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> listing segment of </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the B3</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> regarding certain corporate matters applicable to us. </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">This description </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">is subject to and </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">qualified</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> in its entirety by reference to</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> our bylaws, Brazilian Corporate Law, the rules and regulations of the CVM and the rules of the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">An English </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">translation of the bylaws is incorporated by reference as Exhibit 1.1 to the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2024</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Form 20-F.</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A copy of our bylaws (together with an English translation) is also available for inspection at our website (https://ri.ultra.com.br/).</font></p>
<p style="margin: 18pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">General</font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our common </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">shares</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> are listed </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">admitted to trade </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">on </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">segment </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the B3</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> under t</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">he ticker symbol &#8220;UGPA3</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8221; Our common shares are listed on the New York Stock </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Exc</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">hange not for trading, but only in connection with the registration of the ADS representing such </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">common</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> shares, pursuant to the requirements of the SEC.</font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We are registered with the c</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ommercial registry of the state of S&#227;o Paulo under the registration number 35,300,109,724. Pursuant to chapter I, article</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">3 of our bylaws, our main corporate purpose is the investment of our capital in the trade, industry and agriculture sectors and in companies providing services, through the subscription for or acquisition of shares or quotas in other companies</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">as well as the provision of the services usually provided by a holding company for businesses management</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </font></p>
<p style="margin: 18pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Description </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">of Capital Stock </font></p>
<p style="margin: 6pt 0pt 5pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of De</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">cember</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">31, </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2024</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, our subscribed and paid-in capital stock consisted of </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,115,</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">439,503 </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">common shares, all of which have equal voting and equity rights, with no par value, of which </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">33,366,910 </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">common shares were held in treasury. </font></p>
<p style="text-align: justify; text-indent: 24.5pt; line-height: 1.2; margin: 0pt 0pt 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">I</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">n February </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">202</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5 </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and August </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2024</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the Board of Directors confirmed the issuance of </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">67,679</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">35,235</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> common shares, respectively, </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">due to the partial exercise of the subscription warrants issued by the Company as of the approval of the Extrafarma </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">t</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ransaction</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> described in t</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">his Form 20</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">F</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. As a consequence of th</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ese</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> issuance</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">s</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">as of the date of this annual report, </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the Company&#8217;s capital stock is represented by </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">1,115,</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">507,182 </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">common shares, all nominative, with no par value. Since no additional payment for exercising the subscription warrants is due, the issuance did not result in any change in the amount of the capital stock.</font></p>
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<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Novo Mercado</font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As a result of </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">our </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">common </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">shares </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">being </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">listed on the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, we are required to comply with heightened requirements for corporate governance. In addition, we are not permitted to issue preferred shares or any shares with restricted voting rights while listed on th</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">is segment</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">pursuant to </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">its</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> rules. As of January</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2, 2018, the new rules for </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> came into effect</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and our bylaws reflects said rules since </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">April</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">10, 2019</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 18pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Voting Rights </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Each common share entitles its holder to one vote at the matters of the shareholders&#8217; meetings, in accordance with the Brazilian Corporate Law, our bylaws and the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> regulations. </font></p>
<p style="margin: 12pt 0pt 5pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In addition, our </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">bylaws </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and Brazilian Corporate Law provide that holders of </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">common </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">shares are entitled to dividends or other distributions made with respect to such </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">com</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">mon </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">shares proportionate to their holding of common stock. In the event of our liquidation and after payment of all our liabilities, shareholders are entitled to a return of capital proportionate to their share of common stock. Holders of our </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">common </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">shares may participate in future capital increases and are generally entitled to preemptive rights to obtain new shares under Brazilian Corporate Law. See &#8220;&#8212;Preemptive Rights.&#8221; </font></p>
<p style="margin: 12pt 0pt 5pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">According to Brazilian Corporate Law, neither our </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">bylaws </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">nor actions taken at a shar</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">eholders&#8217; meeting may deprive a shareholder of the following rights: </font></p>
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<td style="width: 96%; height: 17px; padding: 0px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">the right to participate in the distribution of profits;</font></td>








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<td style="height: 17px; padding: 0px;"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">the right to participate in any remaining residual assets in the event of</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>liquidation of our company;</font></td>








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<td style="height: 17px; padding: 0px; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226;</font></td>
<td style="height: 17px; padding: 0px; text-align: justify;"><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">preemptive rights in the event of issuance of shares, convertible debentures or warrants, except in certain specific circumstances under Brazilian Corporate Law described in &#8220;&#8212;Preemptive<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">R</font><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ights;&#8221;</font></td>








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<td style="height: 17px; padding: 0px; text-align: justify;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">the right to inspect and supervise, in the manner set forth in Brazilian Corporate Law, the management of corporate business; and</font></td>








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<td style="height: 17px; padding: 0px; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226;</font><br></td>
<td style="height: 17px; padding: 0px; text-align: justify;"><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">the right to withdraw from the company in the cases specified in Brazilian Corporate Law, which are described in &#8220;&#8212;Withdrawal<font>&nbsp;</font>Rights&#8221;</font><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">, except<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">in certain specific<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">circumstances<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">under Brazilian Corporate Law.</font></td>








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<p style="margin: 18pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Shareholders&#8217; Meetings </font></p>
<p style="margin: 12pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> general shareholders&#8217; meeting </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">must be </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">convened and held in accordance with </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the requirements of </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Brazilian Corporate Law</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Shareholders&#8217; meetings are called by </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">publication of a notice on at least three occasions in</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a widely circulating </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">newspaper of the State of S&#227;o Paulo, our principal place of business, </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and its website</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">s determined by </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Brazilian Corporate Law</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, t</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">he first notice of a shareholders&#8217; meeting shall be given at least </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">21</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">days prior to holding the meeting</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. However, CVM rules </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">require </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">that companies </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">whose shares are also represented by </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ADSs must convene a shareholders</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8217; </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">meeting no later than 30 days in advance</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In addition to </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">such </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">newspaper </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">publication, </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">CVM </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">requires</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> that all documents related to the agenda</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to be deliberated upon on the meeting</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> are filed with the CVM and </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">filed </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">on the CVM website (www.cvm.gov.br), </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">as well as being made available at the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Company&#8217;s headquarters and </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">on its </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">website, and </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">also made available </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">on the website of </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">B3</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</font> </p>
<p style="text-align: justify; text-indent: 24.5pt; line-height: 1.2; margin: 0pt 0pt 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Holders of shares voting at a general shareholders&#8217; meeting have the exclusive power to: (i) amend our </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">bylaws</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">; (ii) elect or dismiss members of the Board of Directors</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">at any time; (iii) install our </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">fiscal council</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and elect its members</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">; (i</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">v</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">) </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">approve</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the yearly accounts </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">by management and to accept or reject management&#8217;s financial statements, including the allocation of net profits and the Distributable Amount (as defined below) for payment of the mandatory distribution and allocation to the various reserve accounts; (v) authorize the issuance of debentures</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> considering the terms of our bylaws</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">; (v</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">i</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">) suspend the rights of a shareholder in the event such shareholder does not comply with obligations imposed by law or our </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">bylaws</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">; (v</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">i</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">i) accept or reject in-kind contributions offe</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">red by a shareholder in consideration for issuance of capital stock; (vi</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">i</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">i) pass resolutions to reorganize the legal form of, merge, consolidate or split the company, to dissolve and liquidate the company, to elect and dismiss our liquidators and to examine their accounts; and (</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ix</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">) authorize management to declare us insolvent and to </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">file for judicial reorganization</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (a procedure involving protection from creditors available under Brazilian law).</font></p>
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<p style="margin: 0pt 0pt 5pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Except as otherwise provided by</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Brazilian Corporate Law, a gen</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">eral shareholders&#8217; meeting may be held if shareholders representing at least one-quarter of the voting capital are present. If no such quorum is present,</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> a second</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> notice must again be given</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">eight days in advance</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, and a meeting may then be convened without any specific quorum requirement, subject to the minimum quorum and voting requirements for certain matters, as described below. A shareholder whose voting rights have been suspended for any reason may still attend the general shareholders&#8217; meeting and take</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> part in the discussion of matters submitted for consideration. </font></p>
<p style="margin: 12pt 0pt 5pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Except as otherwise provided by law, resolutions passed at a general shareholders&#8217; meeting are passed by a simple majority vote, with abstentions not being taken into account. In general, each share has the right to one vote. Under Brazilian Corporate Law and in accordance with our </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">bylaws</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the approval of shareholders representing at least one-half of the issued and outstanding shares is required for the following types of action: (i) creating</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> a new class of shares that has a priority, preference, right, condition or redemption or amortization superior to an existing class of shares, such as preferred shares (in which case we would be required to delist from the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">segment in accordance with its rules); (ii) changing the mandatory distribution; (iii) changing the corporate purpose; (iv) entering into any merger, consolidation or reorganization of the company; (v) dissolving or liquidating the company, and (vi) participation in a group </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of companies defined under Brazilian Corporate Law. In the case of (i), the vote of the holders of a majority of issued and outstanding shares of the affected class is also required. </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">General shareholders&#8217; meetings are called and convened by the chairman of our Board of Directors and are presided over by the chairman of our Board of Directors, or a person designated by him. The chairman of the meeting shall select a secretary from among the meeting&#8217;s attendees. Shareholders&#8217; meetings also may be called by (</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">i) any shareholder, if our Board of Directors fails to call a shareholders&#8217; meeting within 60 days after the date on which it is so required; (ii) shareholders holding at least five percent of our shares if our Board of Directors fails to call a meeting within eight days after receipt of a justified request to call the meeting and by those shareholders indicating the proposed agenda; (iii) shareholders holding at least five percent of our shares if our Board of Directors fails to call a meeting within eight</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> days after receipt of a request to call the meeting to form a fiscal council; and (iv) our fiscal council, if one exists, in the event that the Board of Directors fails to call an annual </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">general </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">shareholders&#8217; meeting within a month of the required date. The fiscal council may also call an extraordinary general shareholders&#8217; meeting in the specific context set forth in Brazilian Corporate Law.</font></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Location of </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">o</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">ur Shareholders&#8217; Meeting</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">s</font> </p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our shareholders&#8217; meetings usually take place at our headquarters in the Ci</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ty of S&#227;o Paulo, located in the State of S&#227;o Paulo. Brazilian Corporate Law permits us to hold shareholders meetings elsewhere in the event of force majeure, provided that the meetings are held in the City of S&#227;o Paulo and notice of the meeting clearly indicates where the meeting is to occur. </font></p>
<p style="margin: 12pt 0pt 5pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Also, pursuant to the terms of Resolution 81/22 from CVM, as amended, the Shareholders&#8217; Meeting may occur through a digital platform and shareholder meetings held exclusively in a digital manner are considered to have taken place at the company's headquarters, unless otherwise indicated. Accordingly, the shareholders shall attend at the meeting through remote voting form sent through their respective custody agents or bookkeeping institution or directly to the Company; and through digital platform, in person or by attorney-in-fact duly appointed.</font></p>
<p style="margin: 10pt 0pt 5pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Conditions of Admission </font></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our bylaws provide that, in order to attend a shareholders&#8217; meeting, each shareholder must furnish a share statement issued by the bookkeeping or custodian institution that indicates the number of shares of record held. The non-submission of the proof of shareholder ownership does not prevent the shareholder from participating in such meeting, but the Company will carry out the proof based on the ownership records held by it. Shareholders represented by proxies must send to the Company the respective power of attorney also prior to the meeting. The proxy must have been appointed less than a year prior to the meeting, and the power of proxy must be granted to a shareholder, corporate officer, lawyer or financial institution.&nbsp;</font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The shareholders which are investment funds must send the company, within the same period mentioned in the parag</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">raph above: (i)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">evidence of the capacity of fund manager conferred upon the individual or legal entity representing the shareholder at the shareholders&#8217; meeting, or the proxy granting such powers; (ii)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the corporate action of the manager, in case it is a legal entity, granting powers to the representative attending the shareholders&#8217; meeting or to whom the power of attorney has been granted; and (iii)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in the event the representative or proxy is a legal entity, the same documents referred to in (ii)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">above, as</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> related thereto. </font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We will verify in good faith the validity of the documents showing the capacity of a shareholder&#8217;s representative and will presume the truthfulness of the credible statements made by such representative. However, shareholders will be prohibited from participating in any meeting if such shareholder or its representative fails to present the respective power of attorney or the custodian&#8217;s statement (if shares are held through a custodian institution). </font></p>
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<p style="text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In the event a shareholder participate</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">s in a meeting without proper representation as mentioned in the paragraph above, or in case such shareholder does not own the number of shares claimed to be owned by it, we will notify such shareholder about the issue and will disregard the votes cast by such shareholder at the meeting. In addition, regardless of whether we hold another shareholders&#8217; meeting to vote on the same matters, such shareholders will be liable for any losses and damages arising from their acts. </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Should a dispute arise with respect</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to exclusion from a meeting under such circumstance, the dispute will be submitted to arbitration as provided for in the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> regulations and pursuant to our </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">bylaws</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </font></p>
<p style="margin: 12pt 0pt 5pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Board of Directors </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The Management is composed of the Board of Directors and by our Executive Officers. As of December 31, 2024, our Board of Directors consisted of nine members, eight of whom being non-executive members and seven being independent members. One of the non-independent Board members is Mr. Marcos Lutz, a shareholder of Ultra S.A., who acted as Chairman of the Board of Directors of the Company. The other non-independent Board member, Mr. Peter Paul Loren&#231;o Estermann, is indirectly related to Ultra S.A. As of the date of this annual report, a new Board of Directors were elected by our shareholders&#8217; meeting for a 2-year mandate. The Board of Directors consists of nine members, all being non-executive members and seven being independent members. The non-independent members are the same as of December 31, 2024. Mr. Marcos Lutz now acts as Chairman of the Board.</font>&nbsp;</p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our Board of Directors must meet every three months and extraordinarily whenever called by its </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">C</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">hairman </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">or by any two directors. During </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2024</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">eleven </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">board meetings were held.</font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Each meeting of the Board of Directors requires the majority of the directors to be present, including the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">C</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">hairman or the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">V</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ice-</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">C</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">hairman, before the meeting may commence. The vote of the majority of the members present is required for the approval of a resolution by the Board of Directors. In case of a tie, the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">C</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">hairman, or in the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">C</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">hairman&#8217;s absence, the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">V</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ice</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-C</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">hairman, will provide the casting vote. In case of urgency, the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">C</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">hairman of our Board of Directors (or a third par</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ty that he</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">/</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">she may appoint) may call a special meeting of the Board of Directors with a shorter notice period than the usual provided, however, that two-thirds of </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">B</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">oard members are present in order to co</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">mmence</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> such special meeting. Among other responsibilities, the Board of Directors is responsible for (i)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">setting</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">general guidelines, (ii)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">electing and removing executive officers, supervising their management and fixing their compensation, (iii)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">deliberating on the issuance of new shares, within the limits o</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">f our authorized capital, (iv)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">authorizing the distributions of dividends and interest on shareholders&#8217; equity, (v)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">approving </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">certain </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">transactions </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">(such as i</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ndebtedness to third parties</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">investment or investment project; direct or indirect acquisition or disposal of an equity interest</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">) </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">with value exceeding </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">5%</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> of our shareholders&#8217; equity, (vi)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">submit for the approval for our shareholders</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">our dissolution or merger and (vii)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">select and dismiss the independent auditors</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Pursuant to </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Brazilian </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Corporate L</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">aw, </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the Board of Directors must be elected by </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">shareholders at the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">G</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">eneral </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">S</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">hareholders&#8217; </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">M</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">eeting. </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The Chairman and Vice-Chairman shall be elected by the Board.</font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Members of the Board of Directors are elected for a period of two years and may be reelected. </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">B</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ylaws </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">require at least </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">one</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">-</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">third</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">or two, whichever is higher, </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of the members of our Board of Directors </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">to </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">be independent directors, which exceeds the 20% required by the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">listing rules</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. In addition, our </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">B</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ylaws set forth that the election of </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the members of the Board of Directors must be made through the nomination of a slate of candidates, unless cumulative voting is requested. Only the following slates of candidates will be eligible</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">:</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (i)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">those nominated by the Board of Directors; or (ii)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">those nominated by any shareholder or group of shareholders. </font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">When electing members to the Board of Directors, shareholders will be entitled to request, as required by law and our </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">B</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ylaws</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the adoption of a cumulative voting process, provided that they do so wi</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">thin, at least, forty-eight hours in advance of the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">General S</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">hareholders&#8217; </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">M</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">eeting. The minimum percentage of capital necessary for requesting the cumulative voting process is 5% of the shares. In the event the election has been conducted by cumulative voting, the removal of any member of the Board of Directors by the shareholders&#8217; meeting shall entail the removal of the other members, giving rise to a new election. </font></p>
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<p style="text-align: justify; margin-bottom: 5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Dividends and Profit Reserve Accounts </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The bylaws of a Brazilian company may establish a min</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">imum percentage of the profit that must be paid to shareholders as mandatory dividends. The amounts due as dividends may be paid as interest on net equity. </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of December 31, </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">202</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">4</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, our Bylaws provided for a mandatory dividend of at least </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">25</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% of the adjusted net profit, after the allocation of 5% of the net profit to the legal reserve. </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Brazilian Corporate Law defines the &#8220;net profit&#8221; as the results of the relevant fiscal year, reduced by accumulated losses of prior fiscal years, provisions for income tax and social contribution on the net profit for such fiscal year, and amounts allocated to employees&#8217; and management&#8217;s participation on the results in such fiscal year. </font></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Under B</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">razilian Corporate Law, the net profit may be reduced or increased by the following: </font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 6pt 0pt 0pt 52.05pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">amounts allocated to the legal reserve; </font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 6pt 0pt 0pt 52.05pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">amounts allocated to the statutory reserve, if any; </font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 6pt 0pt 0pt 52.05pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">amounts allocated to the contingency reserve, if required; </font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 6pt 0pt 0pt 52.05pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">amounts allocated to the unrealized profit reserve; </font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 6pt 0pt 0pt 52.05pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">amounts allocated to the income tax exemption reserve; </font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 6pt 0pt 0pt 52.05pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">amounts allocated to the retained profit reserve; </font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 6pt 0pt 0pt 52.05pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">reversions of reserves registered in prior years, in accordance with Brazilian GAAP; and </font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 6pt 0pt 0pt 52.05pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">reversions of the amou</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">nts allocated to the unrealized profit reserve, when realized and not absorbed by losses. </font></li>




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<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Legal reserves.</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> We are required to maintain a legal reserve to which we must allocate 5% of our net profit until the amount of our legal reserve equals 20% of paid-in capital. We are not required to make any allocations to the legal reserve for any fiscal year in which such reserve, when added to our capital reserves, exceeds 30% of our capital stock. Accumulated losses, if any, may be charged against the legal reserv</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">e. Other than that, the legal reserve can only be used to increase our capital. </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Statutory reserves.</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Under Brazilian Corporate Law, any corporation may create statutory reserves, in which case it shall be provided in its respective bylaws. In this case, the bylaws must also indicate the reserve purpose, allocation criteria and maximum amount of reserve. As provided in our </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">B</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ylaws</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, we may allocate up to </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">75</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">% of our adjusted net profit to an investment reserve, up to the limit of 100% of our capital stock. </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Contingency reserves.</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Under Brazilian Corporate Law, our shareholders may decide, upon a proposal of our Board of Directors, to allocate a discretionary amount of our net </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">income</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">to a contingency reserve for estimated future losses, which are deemed probable. The distributable amount may be further increased by the reversal of such reserve in the fiscal year when the reasons that justified the creation of such reserve cease to exist or in which the anticipated loss occurs. Accordingly, there is no specific percentage of net </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">income</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">allocable to this type of reserve. </font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Unrealized profits reserves.</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Under Brazilian Corporate Law, when the mandatory dividend amount exceeds the realized net </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">income</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in a given fiscal year, our shareholders may elect, upon a proposal of our Board of Directors, to allocate some or all of the excess dividend amount to any unrealized profits reserve. </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Brazilian Corporate Law defines &#8220;realized&#8221; net </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">income </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">as the amount by which the company&#8217;s net </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">income</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">exceed the sum of (1)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">its net positive results, if any, from the equity method of accounting for earnings and losses of the company&#8217;s subsidiaries and certain of its affiliates and (2)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the profits, gains or returns that will be received by the company after the end of the next fiscal year. The distributable amount is increased by the profits that were allocated to such reserve when they are realized.</font></p>
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<p style="text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Income tax exemption reserve.</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Under Brazilian Corporate Law, the portion of the net profit derived from don</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ations or governmental incentives directed to investments, can be excluded of the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">di</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">stributable </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">mount</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Retained profits reserve.</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Under Brazilian Corporate Law, our shareholders may decide to retain a discretionary amount of our net </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">income</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">that is provided for in a budget approved in the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Annual </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">G</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">eneral </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">S</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">hareholders&#8217; </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">M</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">eeting</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, upon the proposal of its Board of Directors, for the expansion of our installations and other investment projects. After the conclusion of the relevant investments, we may retain the reserve until the shareholders approve the transfer of the reserve, in full or in part, to its capital or to the accumulated profits reserve. In accordance with Brazilian Corporate Law, if a project to which part of the reserve has been allocated has a term exceeding one year, the budget for such project must be approved by t</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">he </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">G</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">eneral </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">S</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">hareholders&#8217; </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">M</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">eeting </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">each fiscal year through the conclusion of the project. </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Brazilian Corporate Law provides that all statutory allocations of net </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">income</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, including the unrealized profits reserve and the reserve for investment projects, are subject to approval by the shareholders voting at a general shareholders&#8217; meeting and may be used for capital increases or for the payment of dividends in subsequent years. The legal reserve is also subject to approval by the general shareholders&#8217; meeting and may be transferred to capital or used to absorb losses, but is not available for the payment of dividends in subsequent years. </font></p>
<p style="text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 1pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The balance for the profit reserve</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> accounts, except for the contingency reserve and unrealized profits reserve, may not exceed the share capital. If this happens, our shareholders must determine whether the excess will be applied to pay in the subscribed and unpaid capital, to increase and pay in the subscribed stock capital or to distribute dividends. </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The profits unallocated to the accounts mentioned above must be distributed as dividends. </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A company is permitted to allocate to the unrealized profits reserves all income from equity gains </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in subsidiaries that are not distributed to the company in the form of cash dividends. When such gains are distributed to the company in the form of cash dividends, the company is required to reverse the reserve. In addition to the mandatory distribution, the Board of Directors may recommend to the shareholders the payment of interim distributions from other funds that are legally available for such purposes. Any payment of an interim dividend may be set off against the amount of the mandatory dividend dist</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ribution for that fiscal year. </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As an alternative form of payment of dividends, Brazilian companies may distribute interest on capital, which payments may be treated by a company as a deductible expense for income and social contribution taxes purposes. Payments of interest on capital may be made at the discretion of our Board of Directors, subject to the approval of the holders of our common shares. Payments of interest attributed to shareholders&#8217; equity, net of withholding tax, may be distributed as part </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of the minimum mandatory dividends, to the extent that it does not exceed the limits described below. This interest is calculated in accordance with the daily pro rata variation of the Brazilian government&#8217;s long-term interest rate (TJLP), as determined by the Central Bank from time to time, and cannot exceed the greater of: </font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 6pt 0pt 0pt 52.05pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">50% of net income (after the deduction of the social contribution on profits and before the provision for corporate income tax and the amounts attributable to shareholders as net inter</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">est on equity) related to the period in respect of which the payment is made; or </font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 6pt 0pt 0pt 52.05pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50% of the sum of retained profits and profit reserves in the beginning of the period with respect to which the payment is made. </font></li>




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<p style="margin: 12pt 0pt 10pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Under Brazilian Corporate Law, a company may suspend the mandatory distribution</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">,</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> either in the form</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of dividends or payments of interest on capital if the shareholders at the general shareholders&#8217; meeting determine, based on the Board of Directors&#8217; proposal, which is reviewed by the Fiscal Council</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> when installed</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">payment of the mandatory distribution for the preceding fiscal year would be inadvisable in light of the company&#8217;s financial condition. </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> manage</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ment of the Company</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">must report to the CVM such suspension within five days of the relevant </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">G</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">eneral </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">S</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">hareholders&#8217; </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">M</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">eeting</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Under Brazilian law, mandatory distributions that are suspended and not offset against losses in future years must be paid as soon as the financial condition of the company permits.</font></p>
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<p style="text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We declare and pay dividends and/or interest on capital, pursuant to Brazilian Corporate Law and our </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">B</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ylaws</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Our Board of Directors may approve the distribution of dividends and/or interest on capital, calculated based on our annual or semiannual financial statements or on financial statements relating to shorter periods. The amount of any distributions will depend on a series of factors, such as our financial condition, prospects, macroeconomic conditions, tariff adjustments, regulatory changes, growth strategies and other issues our Board of Directors and our shareholders may consider relevant. </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 1pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Holders of ou</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">r </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">common </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">shares are entitled to receive dividends declared by us solely from the date of the subscription and/or acquisition of such </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">common </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">shares. </font></p>
<p style="margin: 10pt 0pt 5pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Payment of Dividends </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Within the four months following the end of each fiscal year, our shareholders are required to hold an annual </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">general </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">shareholders&#8217; meeting to decide, among other things, on the allocation of our net profits with respect to the fiscal year ended immediately prior to the shareholders&#8217; meeting and the payment of an annual dividend. Additiona</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">lly, interim dividends may be declared by our Board of Directors. Under Brazilian Corporate Law, dividends are generally required to be paid within 60</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">days following the date the dividend was declared, unless a shareholders&#8217; resolution sets forth another date of payment, which, in either case, must occur prior to the end of the fiscal year in which such dividend was declared. </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Pursuant to Brazilian </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">c</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ivil </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">l</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">aw, u</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">nclaimed dividends revert to us three years after the date when we begin to pay such declared divid</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ends. </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Shareholders who are not residents of Brazil must register with the Central Bank to have dividends, sales proceeds or other amounts with respect to their </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">common </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">shares eligible to be remitted in foreign currency outside of Brazil. The</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">shares underlying the ADSs will be held in Brazil by </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Ita&#250; Corretora de Valores S.A</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">.</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, as agent for the Depositary. For purposes of the registration requirement, the Depositary is deemed to be the stockholder of the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">common </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">shares underlying the ADSs. The Depositary will r</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">egister such common shares with the Central Bank. </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Payments of cash dividends and distributions, if any, will be made in Brazilian currency to the Custodian on behalf of the Depositary. The Custodian will then convert such proceeds into U.S. dollars and will cause such U.S. dollars to be delivered to the Depositary for distribution to holders of ADSs. In the event that the Custodian is unable to convert immediately the Brazilian currency received as dividends into U.S. dollars, the amount of U.S. dollars pa</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">yable to holders of ADSs may be adversely affected by devaluations of the Brazilian currency that may occur before such dividends are converted and remitted.</font> </p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Dividends </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">paid by a Brazilian Corporation, in cash or in kind, in respect of the shares paid to shareholders who are not Brazilian residents, including holders of ADSs, are not subject to withholding income tax in Brazil to the extent that such amounts are related to profits generated after January 1, 1996. Dividends paid from profits generated before</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> January 1, 1996 may be subject to Brazilian withholding income tax at varying rates, according to the tax legislation applicable to each corresponding year</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Distributions of interest attributable to shareholders&#8217; equity are currently subject to withholding tax at a rate of 15%, or 25% in the case of a shareholder domiciled in a &#8220;tax haven</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">.</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8221; See &#8220;Item 10.E. Additional Information&#8212;Taxation&#8212;Brazilian Tax </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Cons</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">iderations</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#8221;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> in the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">2023</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Form 20-F.</font></p>
<p style="margin: 10pt 0pt 5pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Withdrawal Rights </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Holders of shares have a right of redemption</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> (a</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ppraisal rights)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> in certain limited circumstances. Under Brazilian Corporate Law</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> and subject to the rules set forth on such law</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, a dissenting shareholder may seek redemption of his or her shares upon a decision made at a shareholders&#8217; meeting: (i)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">to create a new class of shares that has a priority, preference, right, condition or redemption or amortization superior to an existing class of shares, such as preferred shares (in which case we would be required to delist from the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> segment in accorda</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">nce with its rules); (ii)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">to reduce the mandatory distribution of dividends; (iii)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">to change our corporate purposes; (iv)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">to transfer all of our shares to another company in order to make us a wholly owned subsidiary of such company (</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">incorpora&#231;&#227;o</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">); (v)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">to participate in a group of companies, subject to the limits set forth in Brazilian Corporate Law; or (vi)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">to merge with another company The right to redemption lapses thirty days after publication of the minutes of the relevant shareholders&#8217; meeting. We wou</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ld be entitled to reconsider any action giving rise to redemption rights within ten days following the expiration of such rights if the redemption of shares of dissenting shareholders would jeopardize our financial stability. </font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Shares are redeemable at their book value, determined on the basis of the last balance sheet approved by the shareholders. If the shareholders&#8217; meeting giving rise to redemption rights occurs more than 60 days after the date of the last approved balance sheet, a shareholder may demand</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> that its shares be valued on the basis of a new balance sheet that is as of a date within 60 days of such shareholders&#8217; meeting. </font></p>
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<p style="text-align: justify; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Redemption </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Under Brazilian Corporate Law, our shareholders may </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">decide at</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> an extraordinary shareholders&#8217; meeting to require us to redeem its outstanding shares. Share redemption may be paid for using our profits, profit reserves or capital reserves. If the share redemption is not applicable to all shares, the redemption will be made by lottery. If custody shares are picked in th</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">e lottery and there are no rules established in the custody agreement, the financial institution will specify the shares to be redeemed on a pro rata basis. </font></p>
<p style="margin: 12pt 0pt 5pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Registration of Shares </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">All of our shares are kept in book-entry form and held in a deposit account with a financial institution authorized by the CVM, in the name of their holders, without certificates issued. The transfer and record cost, as well as the cost of the services relating to our book-entry shares, may be charged directly to the shareholder</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> by the bookkeeping institution. </font></p>
<p style="margin: 12pt 0pt 5pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Preemptive Rights</font> </p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Each of our shareholders has a general preemptive right to subscribe for shares in any capital increase in proportion to its shareholding. A minimum period of 30 days following the publication of notice of the capital increase is allowed for the exercise of the right, and the right is negotiable. You may not be able to exercise preemptive rights in respect of shares represented by ADSs unless a registration statement under the Securities Act is effective </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">or an exemption from the registration requirement thereunder is available. </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Under the terms of Article 172 of Brazilian Corporate Law and our </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">bylaws</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, our Board of Directors may waive preemptive rights or reduce the period for the exercise thereof with respect to the issuance of new shares, debentures convertible into our shares and warrants up to the limit of our authorized stock capital if the distribution of those securities is carried out through: (i)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a stock exchange, (ii)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">a public tender offer or (iii)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">an exchange offer for shares in a public tender offer the purpose of which is to acquire control of another company.</font> </p>
<p style="margin: 12pt 0pt 5pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Restriction on Certain Transactions by Controlling Shareholders, Directors and Officers </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We, members of our Board of Directors, executive officers, members of our fiscal council, if installed, members of any technical or advisory body or whomever which, by virtue of its title, duty or position in us, or in our controlling shareholders, controlled companies or affiliates, have knowledge of a</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> material fact, and any other person who has knowledge of material information and knows it has not been disclosed to the market (including auditors, analysts, underwriters and advisers), are considered insiders. Insiders may not trade our securities or derivatives of our securities prior to the disclosure of such material information to the market. </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Such restriction will apply, without limitation, (i)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">if we intend to merge or combine with another company, consolidate, sell part or all of our assets or reor</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ganize, until such information is disclosed to the market; (ii)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">if an agreement for the transfer of our control has been executed, or if an option or mandate for such effect has been granted, until such information is disclosed to the market; (iii)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">during the 15-day period prior to the disclosure of our quarterly and annual financial statements required by CVM; and (iv)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">to the controlling shareholders</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, if any</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, the officers, and members of the Board of Directors, whenever we, or any of our controlled compani</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">es, affiliates or companies subject to the same control, are in process of purchasing or selling shares issued by us. </font></p>
<p style="margin: 12pt 0pt 5pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Restriction on Certain Transactions outside </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">o</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">ur </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Corporate Purposes </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Brazilian Corporate Law prohibits us from undertaking any business practices inconsistent with our corporate purpose and core business. </font></p>
<p style="margin: 12pt 0pt 5pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Arbitration </font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The company, its shareholders, directors and executive officers and members of the compensation committee, statutory audit committee and fiscal council, if installed, are requ</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ired to submit to arbitration at the Market Arbitration Tribunal, any and all disputes or controversies arising between them, either related to or resulting from the application, validity, effectiveness, interpretation, violation and their effects, of the provisions set forth in Law 6,404/76, in </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">our bylaws</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, in the rules enacted by the CVM, as well as other rules applicable to capital markets in general, in addition to those set forth in the rules of the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, in the Arbitration Regulation, in the Sa</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">nctions Regulation and in </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Participation Agreement.</font> </p>
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<p style="margin: 0pt 0pt 5pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Deregistration as Publicly-Held Company </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">We may only deregister as a publicly-held company if such deregistration is approved by a majority of the shareholders present at a shareholders&#8217; meeting, which shall be conditioned to: (i)</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">the launching of a public tender offer for the acquisition of all of our outstanding shares in accordance with the provisions of Brazilian Corporate Law, the CVM rules and regulations, the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Novo Mercado</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> regulation and</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> our bylaws by us, our controlling shareholders or a group of controlling shareholders and (ii)</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">the acceptance of at least two thirds (2/3) of the shareholders representing the free float that show up at the tender offer auction (whether by selling its shares or expressly agreeing with the deregistration), in which case we would become a privately-held company. The price offered for such outstanding shares must at least correspond to the fair value of such shares as set forth in the respective appraisal rep</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">ort issued by a specialized institution with proven experience hired by the offeror for the purposes of the tender offer. </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Shareholders holding at least ten percent of the free float of our shares may require our management to call a special shareholders&#8217; meeting to determine whether to perform another valuation using the same or a different valuation method. This request must be made within 15 days following the disclosure of the price to be paid for the shares in the public tender offer. If the new valuat</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">ion price is equal to or lower than the original valuation price, the shareholders making such request as well as those who vote in its favor must reimburse the Company for any costs incurred in preparing the new appraisal report. If the new valuation price is higher than the original valuation price, the offeror shall then decide whether to proceed with the public tender offer observing the new price or withdraw the tender offer, in which case the Company will continue to be registered as a publicly-held c</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">ompany. </font></p>
<p style="margin: 12pt 0pt 5pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Withdrawal from the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Novo Mercado</font> </p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">According to the new </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Novo Mercado </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">Listing Rules &#8211; applicable as of January</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">2, 2018 &#8211; and to our bylaws, </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">as further amended, </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">the withdrawal from the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Novo Mercado</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> may be: (i)</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">voluntary; or (ii)</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">mandatory, as a result of the violation of any </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">of </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">the rules of the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Novo Mercado</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> or the deregistration as publicly-held company. </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The withdrawal, however, shall only occur after the launching of a public tender offer for the Company&#8217;s outstanding shares, which shall (i)</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">follow,</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> as applicable, the CVM regulation that rules that the mandatory tender offer for the deregistration as publicly-held company (including the abovementioned possibility to request a second valuation report); (ii)</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">be launched at a fair price, as appointed in the appraisal report issued by a specialized institution with proven experience for the purposes of the tender offer; and (ii</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">i</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">)</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">be approved by at least one third (1/3) of the shareholders representing the free float that participate in the tender offer au</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">ction (whether by selling its shares or expressly agreeing with the withdrawal from the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Novo Mercado</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">). </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The obligation to launch such public tender offer, however, may be waived by the majority of the shareholders representing the Company&#8217;s free float present at the shareholders&#8217; meeting convened to resolve on that matter. Such shareholders&#8217; meeting may be held on first call with the attendance of shareholders representing two thirds (2/3) of the free float or, on second call, with the attendance of any num</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">ber of shareholders representing the free float. </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The withdrawal from the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Novo Mercado </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">does not necessarily result in our deregistration as a publicly-held company on </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">the B3</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">. </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">If the Company participates in a corporate reorganization involving the transfer of its shareholders&#8217; base to a company that is not listed in the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Novo Mercado</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">, such resulting company or companies must apply for listing on </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Novo Mercado</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> within one hundred and twenty (120)</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">days from the date of the general shareholders meeting that appro</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">ved the reorganization, unless the majority of the shareholders representing the Company&#8217;s free float present at such shareholders&#8217; meeting agrees with the non-listing of the resulting company. </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Pursuant to the new rules of the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Novo Mercado</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> and to our new bylaws, the voluntary withdrawal shall be preceded by a public tender offer at fair market value. For the withdrawal to move forward, shareholders representing more than on</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">e</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> third (1/3) of the outstanding shares shall need to accept the tender offer or exp</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">ressly agree to delist without selling the shares. </font></p>
<p style="margin: 12pt 0pt 10pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">According to the rules of the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Novo Mercado</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">, in the event of a transfer of our shareholding control within 12</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">months following our delisting from the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Novo Mercado</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">, the selling controlling shareholder(s) and the acquirer must offer to acquire the remaining shares for the same price and terms offered to the selling controlling shareholders, duly updated, or pay the difference, if any, between the tender offer price accepted by the former shareholders, duly up</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">dated, and the price obtained by the controlling shareholder in selling its shares. </font></p>
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<p style="margin: 0pt 0pt 5pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Sale of Control </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In the event of a direct or indirect sale of the Company&#8217;s shareholding control, through a single or series of transactions, the acquirer must conduct a public tender offer for all shares held by the remaining shareholders to ensure equal treatment of all shareholders (tag-along right). Such right has been provided to Ultrapar&#8217;s shareholders since March</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">22, 2000, in accordance with the terms of the Ultra S.</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A. shareholders&#8217; agreement signed on the same date, which has since then been rescinded and replaced by our bylaws. The tender offer is subject to applicable laws and regulations, our bylaws and the rules of the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A public tender offer is also required when there is an assignment for consideration of share subscription rights or rights of other securities convertible into our shares, which results in the transfer of control of the Company. In such case, the acquiring shareholder must (i)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">comple</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">te a public tender offer for our remaining shares on the same terms and conditions offered to the selling shareholder and (ii)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">according to our bylaws, reimburse the counterparties from whom it has acquired our shares on the stock exchange in the six-month period preceding the transaction which resulted in a change in control. The reimbursement amount corresponds to the positive difference between the price paid to the selling shareholder in the transaction that resulted in a change of control and the adjus</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ted price paid in the transactions carried out on </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the B3</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> during this six-month period, as adjusted by the SELIC rate up until the payment date. </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The buyer of a controlling interest shall, after the financial settlement of the foregoing tender offer, take the appropriate actions to, over the course of the subsequent 18</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">months, restore the minimum percentage of outstanding shares as per the rules of the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </font></p>
<p style="margin: 12pt 0pt 5pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Acquisition of a Relevant Interest </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Any person, regardless of whether he/she is a shareholde</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">r, which, on his/her own account or acting jointly with another person, acquires our shares, through a single transaction or a series of successive transactions, representing 20% or more of our capital stock, is required to make a tender offer for the acquisition of the shares held by the remaining shareholders at a price equal to the highest value per share paid by him/her in the preceding six months, adjusted pursuant to the SELIC rate. Such persons will not be required to carry out a public tender offer </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">in the event they timely and cumulatively sell on a stock exchange the number of our shares that exceeds such thresholds, within 30</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">days from the date they provide notice to the Company of their intent to make such sales. In addition, the requirement to carry out a public tender offer will not apply in the event any shareholder or group of shareholders hold more than 50% of our capital stock at the time of acquisition of the relevant interest. </font></p>
<p style="margin: 12pt 0pt 5pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Public Tender Offers </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">A single public tender offer may be launc</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">hed for more than one of the purposes provided for in our bylaws, the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Listing rules, the Brazilian Corporate Law or in the regulations issued by the CVM, provided that the procedures used when conducting the unified public tender offer are compatible with all requirements of each individual public tender offer, the public tender offers do not suffer any damages and the authorization of the CVM is obtained, when required by the applicable law.</font></p>
<p style="margin: 12pt 0pt 5pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Purchases of </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">o</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">ur </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">s</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">hares </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">by </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">u</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">s </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our Board of Director</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">s may approve the acquisition of our shares by us. The acquisition of our shares for cancellation or maintenance in treasury may not, among other actions (i)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">result in a reduction of our share capital; (ii)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">require the use of resources greater than our retained earnings or reserves (other than the legal reserve, unrealized profit reserve, revaluation reserve, and special mandatory dividend reserves) as recorded in our most recent balance sheet; (iii)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">create, directly or indirectly, any artificial demand, su</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">pply or share price condition, or use any unfair practice as a result of any action or omission; (iv)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">be conducted during the course of a public tender offer for the purchase of our shares; or (v)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">be used to purchase shares not fully paid or held by our controlling shareholder. </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We cannot hold in treasury more than 10 percent of our total outstanding shares, including the shares held by our subsidiaries and affiliates. </font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Resolution 77/22 from </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">CVM determines specific cases where the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">acquisition of our shares </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">by the company itself</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> must be approved by the shareholders&#8217; meeting</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Moreover, subject to certain limitations, we may acquire or issue put options or call options related to our shares.</font> </p>
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<p style="text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">AMERICAN DEPOSITARY </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">SHARES</font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The following description of Ultrapar&#8217;s </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">ADSs </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">is a summary and does not purport to be complete. </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">This description </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">is subject to and qualified in its </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">entirety</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> by reference to the</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> amended and restated</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> deposit agreement dated</font><font style="font-family: 'Times New Roman'; font-size: 10pt; letter-spacing: -0.1pt;"> March</font><font style="font-family: 'Times New Roman'; font-size: 10pt; letter-spacing: -0.1pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; letter-spacing: -0.1pt;">2, 2018</font> <font style="font-family: 'Times New Roman'; font-size: 10pt; letter-spacing: -0.1pt;">between Ultrapar, The Bank of New York Mellon, as depositary (t</font><font style="font-family: 'Times New Roman'; font-size: 10pt; letter-spacing: -0.1pt;">he &#8220;depositary&#8221;)</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> and </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">all owners and beneficial owners from time to time of the </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">American depositary shares (&#8220;ADSs&#8221;) issued thereunder </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">(the &#8220;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">d</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">eposit </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">a</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">greement&#8221;), </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">including the form of ADR</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">s</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">. For more complete information, you should read the entire </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">d</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">eposit </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">a</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">greement and the form of ADR. The form of </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">d</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">eposit </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">agreement </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">(including the form of ADR) is incorporated by reference </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">as </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">Exhibit 2.7</font> <font style="font-family: 'Times New Roman'; font-size: 10pt;">to the</font> <font style="font-family: 'Times New Roman'; font-size: 10pt;">2024</font> <font style="font-family: 'Times New Roman'; font-size: 10pt;">Form 20-F. </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">As used in this section, &#8220;you&#8221; means an owner or beneficial owner of ADSs.</font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">General</font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The ADRs are </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">listed</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> and traded on the New York Stock Exchange. Our common shares are listed on the New York Stock </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">Exc</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">hange n</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">ot for t</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">r</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">ading</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">, </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">but only in connection with the registration of the </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">ADS</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> representing such </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">common</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> shares, pursuant to the requirements of the SEC.</font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">T</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">he depositary</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> has executed and delivered, and may from time to time execute and deliver, </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">ADRs. Each ADR is a certificate </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">representing</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> a specific nu</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">mber of ADSs. Each ADS represent</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">s</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> one common share (or a right to receive one common share) deposited with the principal S&#227;o Paulo office </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">of </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Ita&#250; Corretora de Valores S.A</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">., as agent for the depositary</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">. Each ADS also represent any other securities, cash or other property, which may be held by the depositary. The depositary&#8217;s office at which the ADRs </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">are </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">administered </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">and its principal executive office </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">is located at 240 Greenwich Street, New York, New York 10286</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">.</font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">You may hold ADSs either directly (by having an</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> ADR registered in your name) or indirectly through your broker or other financial </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">institution</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">. If you hold ADSs directly, you are an ADR holder. This description assumes you hold your ADSs directly. If you hold the ADSs indirectly, you must rely on the procedures of your broker or other financial institution to assert the rights of ADR </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">holders described in this section. You should consult with your broker or financial institution to find out what those procedures are. </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">As an ADR holder, we will not treat y</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">ou as one of our shareholders and you will not have shareholder rights, which are governed by Brazilian </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">law</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">. The </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">depositary will be the holder </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">of the shares underlying your ADSs. As a holder of ADRs, you will have ADR holder rights. </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">The </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">d</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">eposit </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">a</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">greement</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> set</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">s</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> out the ADR holder rights as well as the rights and obligations of the depositary. New York law governs the </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">d</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">eposit </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">a</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">greement and the ADRs. </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Dividends and Other Distributions </font></p>
<p style="margin: 4.5pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">How will you receive dividends and other distributions on the shares? </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The d</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">epositary has agreed to pay you the cash dividends or other distributions it or the custodian receives on shares or other deposited </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">securities</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">, after deducting its fees and expenses. You will receive these distributions in proportion to the number of shares your ADSs represent. </font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Cash. </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">The depositary will convert any cash dividend or other cash distribution we pay on the shares into U.S. dollars, if it can do so on a reasonable basis and can transfer the U.S. dollars to the United States. If that is </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">not possible, or if any government approval is needed and cannot be obtained, the deposit agreement allows the depositary to distribute the foreign currency only to those ADR holders to whom it is possible to do so. With respect to the foreign currency that is not distributed, the depositary may either (i)</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">distribute such foreign currency to the ADR holder upon its request or (ii)</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">hold the foreign currency for the account of the ADR holders who have not been paid. It will not invest the foreign currency and</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> it will not be liable for any interest. </font></p>




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<p style="text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Before making a distribution, the depositary will deduct any withholding taxes that must be paid. It will distribute only whole U.S. dollars and cents and will round fractional cents to the nearest whole cent. </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">If the exchange rates fluctuate during a time when the depositary cannot convert the foreign currency, you may lose some or all of the value of the distribution.</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Shares. </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">The depositary, after consulting with us, may, and if we request, must, distrib</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">ute additional ADSs representing any shares we distribute as a dividend or free distribution. The depositary will only distribute whole ADSs. It will try to sell shares which would require it to deliver a fractional ADS and distribute the net proceeds in the same way as it does with cash. The depositary may also sell a portion of the distributed shares to pay fees and expenses in connection with the distribution. If the depositary does not distribute additional ADRs, the outstanding ADSs will also represent</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> the new shares. </font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Rights to purchase additional shares.</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> If we offer holders of our securities any rights to subscribe for additional shares, or any other rights, the depositary may, after consulting with us, make these rights available to you. If the depositary decides it is not legal and practical to make these rights available after consulting with us, it may sell the rights and distribute the proceeds in the same way it does with cash. The depositary will allow rights that are not distributed or</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> sold to lapse. </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">In that case, you will receive no value for them.</font></p>




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<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">If the depositary makes rights available to you, it will exercise the rights and acquire the shares on your behalf. The depositary will then deposit the shares and deliver ADSs to you. It will only exercise these rights if you pay the exercise price and any other charges the rights require you to pay. </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">U.S. securities laws may restrict transfers and cancellation of the ADSs represented by shares purchased upon exercise of rights. </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">For</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> example</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">, you may not be able to trade these ADSs freely in the United States. In this case, the depositary may deliver restricted depositary shares that have the same terms as the ADRs described in this section except for changes needed to put the necessary restrictions in place. </font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Other Distributions</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">. The depositary will, after consulting with us, send you anything else we distribute on deposited securities by any means it believes is legal, fair and practical. If it cannot make the distribution in that wa</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">y, the depositary has a choice. It may decide to sell what we distributed and distribute the net proceeds, in the same way as it does with cash. Alternatively, it may decide to hold what we distributed, in which case ADSs will also represent the newly distributed property. The depositary may sell a portion of the distributed property to pay fees and expenses in connection with the distribution. </font></p>




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<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The depositary is not responsible if it decides that it is unlawful or impractical to make a distribution availa</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">ble to any ADR holders. </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">We</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> have no obligation to register ADSs, shares, rights or other securities under the Securities Act. We also have no obligation to</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">take any other action to permit the distribution of ADRs, shares, rights or anything else to ADR holders. </font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">This means that you may not receive the distributions we make on our shares or any value for them if it is illegal or impractical for us to make them available to you.</font></p>
<p style="margin: 12pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Deposit and Withdrawal </font></p>
<p style="margin: 4.5pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">How are ADSs issued? </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The depositary will deliver ADSs if y</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">ou or your broker deposits shares or evidence of rights to receive shares with the custodian. Upon </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">payment</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> of its fees and expenses and of any taxes or charges, such as stamp taxes or stock transfer taxes or fees, the depositary will register the appropriate number of ADSs in the names you request and will deliver the ADRs at its office to the persons you request. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">How do ADS holders cancel an ADR and obtain shares? </font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">You may surrender your ADRs at the depositary&#8217;s office. Upon payment of its fees and expe</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">nses and of any taxes or charges, such as </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">stamp</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> taxes or stock transfer taxes or fees, the depositary will deliver the shares</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">and any other deposited securities underlying the ADR</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">to you or a person you designate at the office of the custodian. Alternatively, at your request, risk and expense, the depositary will deliver the deposited securities at its office, if feasible.</font></p>
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<p style="text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Voting Rights </font></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">How do you vote? </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">You may instruct the depositary to vote the number of shares your ADSs represent. The depositary will </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">notify you of shareholders&#8217; meetings and arrange to deliver our voting materials to you if we ask it to. Those materials will describe the matters to be voted on and explain how you may instruct the depositary how to vote. For instructions to be valid, they must reach the depositary by the date set by the depositary. </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The depositary will try, as far as practical, subject to Brazilian law and the provisions of our organizational documents, to vote </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">the</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> number of shares, or other deposited securities represent</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">ed by your ADSs, as you instruct. The depositary will only vote or attempt to vote as you instruct, or as described below. </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">We cannot ensure that you will receive voting materials or otherwise learn of an upcoming shareholders&#8217; meeting in time to ensure that you can instruct the depositary to vote your shares. In addition, the depositary and its agents are not responsible for failing to carry out voting instructions or for the manner in which the voting instructions are carried out. This means that you may </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">not be able to vote and you may have no recourse if your shares are not voted as you requested. </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">If we asked the depositary to solicit your instructions and the depositary does not receive voting instructions from you by the </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">specified</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> date, it will consider you to have authorized and directed it to give a discretionary proxy to a person designated by us to vote the number of deposited securities represented by your ADSs. The depositary will give a discretionary proxy in those circumstances to vote on all qu</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">estions to be voted upon. </font></p>
<p style="margin: 12pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Fees and Expenses </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The following table summarizes the fees and expenses payable by holders of ADSs:</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>




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<p style="margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Persons depositing or withdrawing shares must pay:</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">For</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">$5.00 (or less) per 100 ADSs (or portion of 100 ADSs)</font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(i) Issuance of ADSs, including issuances resulting from a distribution of shares or rights or other property</font></p>
<p style="margin: 0pt 0pt 1pt 12pt; text-align: justify; text-indent: -12pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(ii) Cancellation of ADSs for the purpose of withdrawal, including if the Deposit Agreement terminates</font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">$0.05 (or less) per ADSs</font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Any cash distribution</font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">A fee</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> equivalent to the fee that would be payable if securities distributed to you had been shares and the shares had been deposited for issuance of ADSs</font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Distribution of securities to holders of deposited securities which are distributed by the depositary to ADS holders</font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">$0.05 (or less) per ADS (or portion thereof) per annum</font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Depositary services </font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Registration or transfer fees</font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Transfer and registration of shares on our share register to or from the name of the depositary or its agent when you deposit or withdraw </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">shares</font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Expenses of the depositary</font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(i) Cable</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">(including SWIFT) and facsimile transmissions (when expressly provided in the deposit agreement)</font></p>
<p style="margin: 0pt 0pt 1pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(ii) Converting foreign currency to U.S. dollars</font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Taxes and other governmental charges the depositary or the custodian have to pay on any ADS or share underlying an ADS, for example, stock transfer taxes, stamp duty or withholding taxes</font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">As necessary</font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Any charges incurred by the depositary or its agents for servicing the deposited securities</font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">As necessary</font></p>




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<p style="text-align: justify;;margin:0pt"><br></p>
<p style="text-align: justify; text-indent: 24.5pt; margin: 0pt 0pt 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The deposita</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">ry collects its fees for delivery and surrender of ADSs directly from investors depositing shares or surrendering ADSs for the purpose of withdrawal or from intermediaries acting for them. The depositary collects fees for </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">making</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> distributions to investors by deducting those fees from the amounts distributed or by selling a portion of distributable property to pay the fees. The depositary may collect its annual fee for depositary services through a deduction from cash distributions, by directly billing inves</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">tors or by charging the book-entry system accounts of participants acting for them. The depositary may generally refuse to provide fee-attracting services until its fees for those services are paid. </font></p>
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<p style="text-align: justify; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Payment of Taxes </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The depositary may deduct the amount of any taxes owed from any payments to </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">investors who hold ADSs</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. It may also sell deposited securities, by public or private sale, to pay any taxes owed. </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Investors who hold ADSs </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">will remain liable if the proceeds of the sale are not sufficient to pay the </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">tax</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">es</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. If the depositary sells deposited securities, it will, if appropriate, reduce the number of ADSs to reflect the sale and pay to </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">investors who hold ADSs </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">any proceeds, or send </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">investors who hold ADSs </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">any property, remaining after it has paid the taxes. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 10pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Reclassifications, Recapitalizations and Mergers </font></p>




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<p style="margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">If we:</font></p>




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<p style="margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>




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<p style="margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Then:</font></p>




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<p style="margin: 0pt 0pt 0pt 24pt; text-align: justify; text-indent: -24pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8226;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">Change the par value of our shares</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 24pt; text-align: justify; text-indent: -24pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8226;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reclassify, split up or consolidate any of the deposited securities</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 24pt; text-align: justify; text-indent: -24pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8226;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">Distribute securities on the shares that are not distribut</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">ed to you</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0.75pt 24pt; text-align: justify; text-indent: -24pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8226;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">Recapitalize, reorganize, merge, liquidate, sell all or substantially all of our assets, or take any similar action</font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The cash, shares or other securities received by the depositary will become deposited securities. Each ADS will automatically represent its equal share of the new deposited securities.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0.75pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The depositary may distribute some or all of the cash, shares or other securities it received. It may also deliver new ADRs or ask you to surrender your outstanding ADRs in exchange for n</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">ew ADRs identifying the new deposited securities.</font></p>




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<p style="margin: 10pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Amendment and Termination </font></p>
<p style="margin: 4.5pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">How may the deposit agreement be amended? </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We may agree with the depositary to amend the deposit agreement and the ADRs without your consent for any reason. If an amendment adds or increases fees or charges, except for taxes and other governmental charges or expenses of the depositary for registration fees, facsimile costs, delivery charges or similar items, or prejudices a substantial right of ADR holders, it will not become effe</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">ctive for outstanding ADRs until 30 days after the depositary notifies ADR holders of the amendment. At the time an amendment becomes effective, you are considered, by continuing to hold your ADR, to agree to the amendment and to be bound by the ADRs and the deposit agreement as amended. </font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">How may the deposit agreement be terminated? </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The depositary will terminate the deposit agreement if we ask it to do so. The depositary may also terminate the deposit agreement if the depositary has told us that it would</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> like to resign and we have not appointed a new depositary bank within 60 days. In either case, the depositary must notify you at least 30 days before termination. </font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">After termination, the depositary and its agents&#8217; actions under the deposit agreement will be limited to the following: (1)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">advise you that the deposit agreement is terminated, (2)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">collect distributions on the deposited securities (3)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">sell rights and other property, and (4)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">deliver shares and other deposited securities upon cancellation of ADRs.</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> One year or more after termination, the depositary may sell any remaining deposited securities by public or private sale. After that, the depositary will hold the money it received from the sale, as well as any other cash it is holding under the deposit agreement for the pro rata benefit of the ADR holders that have not surrendered their ADRs. It will not invest the money and has no liability for interest. The depositary&#8217;s only obligations will be to account for the money and other cash. After termination </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">of the deposit agreement our only obligations will be to indemnify the depositary and to pay fees and expenses of the depositary that we agreed to pay.</font></p>
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<p style="text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Limitations on Obligations and Liability </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The deposit agreement expressly limits our obligations and the obligations of the depositary. It also limits our liability and </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">the</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> liability of the depositary. We and the depositary: </font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">are only obligated to take the actions specifically set forth in the deposit agreement without negligence or bad faith; </font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">are not liable if either of us is prevented or delayed by law or circumstances beyond our control from performing our obligations under the deposit agreement; </font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">are not liable if either of us exercises discretion permitted under the deposit agreement; </font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">have no obligation to become involved in a lawsuit or other proceeding related to the ADRs or the deposit agreement on your behalf or on behalf of any other person unless it is indemnified on a basis satisfactory to it; and </font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">may</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> rely upon any documents we believe in good faith to be genuine and to have been signed or presented by the proper party. </font></p>




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<p style="margin: 9pt 0pt 0pt; text-align: justify; text-indent: 36pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">In the deposit agreement, we agree to indemnify the depositary for acting as depositary, except for losses caused by the depositary&#8217;s own negligence or bad faith, and the depositary agrees to indemnify us for losses resulting from its negligence or bad faith. </font></p>
<p style="margin: 18pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Requirements for Depositary Actions </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Before the </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">depositary</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> will deliver or register a transfer of an ADR, make a distribution o</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">n an ADR, or permit withdrawal of shares or other property, the depositary may require:</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">payment of stock transfer or other taxes or other governmental charges and transfer or registration fees charged by third parties for the transfer of any shares or other deposited securities; </font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">satisfactory proof of the identity and authenticity of any signature or other information it deems necessary; and </font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">compliance with regulations it may establish, from time to time, consistent with the deposit</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> agreement, including presentation of transfer documents. </font></p>




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<p style="margin: 6pt 0pt 10pt; text-align: justify; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The depositary may refuse to deliver ADRs or register transfers of ADRs generally when the transfer books of the depositary or </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">our</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> transfer books are closed or at any time if the depositary or we think it advisable to do so. </font></p>
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<p style="text-align: justify; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Your Right to Receive the Shares Underlying your ADRs </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">You have the right to cancel your ADRs and withdraw the underlying shares at any time except: </font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">When temporary delays arise because: (i)</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">the depositary has closed i</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">ts transfer books or we have closed our transfer books; (ii)</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">the transfer of shares is blocked to permit voting at a shareholders&#8217; meeting; or (iii)</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">we are paying a dividend on our shares. </font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">When you owe money to pay fees, taxes or similar charges. </font></p>




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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">When it is necessary to prohibit withdrawals in order to comply with any laws or governmental regulations that apply to ADRs or to the withdrawal of shares or other deposited securities. </font></p>




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<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">This right of </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">withdrawal</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> may not be limited by any other</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> provision of the deposit agreement. </font></p>
<p style="margin: 18pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Pre-release of ADRs </font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The deposit agreement permits the depositary to deliver ADRs before deposit of the underlying shares, which is referred to as a pre-release of the ADR. The depositary may also deliver shares upon surrender of pre-released ADRs (even if the ADRs are surrendered before the pre-release transaction has been closed out). A pre-release is closed out as soon as the underlying shares are delivered to the depositary. The depositary may receive ADRs instead o</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">f </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">shares</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> to close out a pre-release. The depositary may pre-release ADRs only under the following conditions: (i)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">before or at the time of the pre-release, the person to whom the pre-release is being made represents to the depositary in writing that it or its customer owns the shares or ADRs to be deposited; (ii)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the pre-release is fully collateralized with cash or other collateral that the depositary considers appropriate; (iii)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the depositary must be able to close out the pre-release on not more than five</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> business days&#8217; notice and (iv)</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">any other indemnities and credit regulations are provided in which the depositary may deem necessary. In addition, the depositary will limit the number of ADSs that may be outstanding at any time as a result of pre-release, although the depositary may disregard the limit from time to time, if it thinks it is appropriate to do so. </font></p>
<p style="margin: 18pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Shareholder communications; inspection of register of holders of ADSs </font></p>
<p style="margin: 6pt 0pt 10pt; text-align: justify; text-indent: 24.5pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The depositary will make available for your inspection at its office all com</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">munications that it receives from us as a holder of deposited securities that we make generally available to holders of deposited securities. The depositary will send you </font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">copies</font><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> of those communications if we ask it to. You have a right to inspect the register of holders of ADSs, but not for the purpose of contacting those holders about a matter unrelated to our business or the ADSs.</font></p>
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<DOCUMENT>
<TYPE>EX-13
<SEQUENCE>23
<FILENAME>ex13_4.htm
<DESCRIPTION>EXHIBIT 13
<TEXT>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Exhibit</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 13 </font></p>
<p style="margin: 18pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">Subsidiaries</font> </p>
<p style="margin: 6pt 0pt 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">CERTIFICATION PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 </font></p>
<p style="margin: 6pt 0pt 0pt; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The certification set forth below is being submitted in connection with the Annual Report </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">of Ultrapar </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">Participa&#231;&#245;es</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> S.A. (the &#8220;Company&#8221;) </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">for the year ended December</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">31, </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">202</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">4</font> <font style="font-family: 'Times New Roman'; font-size: 10pt;">(the &#8220;Report&#8221;) for the purpose of complying with Rule 13a-14(b) or Rule 15d-14(b) of the Securities Exchange Act of 1934 (the &#8220;Exchange Act&#8221;) and Section</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">1350 of Chapter 63 of Title 18 of the United States Code. </font></p>
<p style="margin: 12pt 0pt 0pt; page-break-after: avoid; text-indent: 24.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Rodrigo de Almeida Pizzinatto, the Chief Executive Officer, and Alexandre Mendes Palhares, the Chief Financial Officer of the Company, each certifies that, to the best of their respective knowledge</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">:</font></p>
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<td style="width: 10%; text-align: center; padding: 5px 0px 0px 10px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">1.</font></td>
<td style="width: 90%; padding: 5px 0px 0px;"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">the Report fully complies with the requirements of Section</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">13(a) or 15(d) of the Securities Exchange Act of 1934; and</font></td>







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<td style="text-align: center; width: 10%; padding: 5px 0px 0px 10px; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2.</font></td>
<td style="width: 90%; padding: 5px 0px 0px;"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">the Company</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font></td>







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<p style="margin: 18pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Date: </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">April 22</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">, 2025</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><font lang="PT-BR" style="color: #000000; font-family: 'Times New Roman', 'serif'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 10pt;">/</font><font lang="PT-BR" style="color: #000000; font-family: 'Times New Roman', 'serif'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 7.5pt;">S</font><font lang="PT-BR" style="color: #000000; font-family: 'Times New Roman', 'serif'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 10pt;">/&nbsp;<font lang="PT-BR" style="font-size: 10pt; font-family: 'Times New Roman', serif; color: #000000;">R</font><font lang="PT-BR" style="font-size: 7.5pt; font-family: 'Times New Roman', serif; color: #000000;">ODRIGO DE</font><font lang="PT-BR" style="font-size: 10pt; font-family: 'Times New Roman', serif; color: #000000;">&nbsp;A</font><font lang="PT-BR" style="font-size: 7.5pt; font-family: 'Times New Roman', serif; color: #000000;">LMEIDA</font><font lang="PT-BR" style="font-size: 10pt; font-family: 'Times New Roman', serif; color: #000000;">&nbsp;P</font><font lang="PT-BR" style="font-size: 7.5pt; font-family: 'Times New Roman', serif; color: #000000;">IZZINATTO</font>


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<b><font lang="PT-BR" style="font-size: 8.0pt; font-family: 'Times New Roman',serif; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: PT-BR; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">Rodrigo de Almeida Pizzinatto</font></b>


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<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Title:</font></p>









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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chief Executive Officer</font></p>









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<p style="margin: 18pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Date: </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">April 22</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">, 2025</font><font style="font-family: 'Times New Roman'; font-size: 12pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">&nbsp;</font><font lang="PT-BR" style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman', 'serif';">/</font><font lang="PT-BR" style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman', 'serif'; font-size: 7.5pt;">S</font><font lang="PT-BR" style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman', 'serif';">/&nbsp;<font lang="PT-BR" style="font-size: 10pt; font-family: 'Times New Roman', serif; color: #000000;">Alexandre
Mendes Palhares</font></font>&nbsp;</font></p>









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<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Name:</font></p>









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<b><font lang="PT-BR" style="font-size: 8.0pt; font-family: 'Times New Roman',serif; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: PT-BR; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">Alexandre Mendes
Palhares</font></b>


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<font style="font-size: 10.0pt; font-family: 'Times New Roman',serif; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">Chief&nbsp;Financial&nbsp;and&nbsp;Investor&nbsp;Relations&nbsp;Officer</font>


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<p style="margin: 18pt 0pt 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></p>
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<DOCUMENT>
<TYPE>EX-12.2
<SEQUENCE>24
<FILENAME>ex122_3.htm
<DESCRIPTION>EXHIBIT 12.2
<TEXT>
<html><body><div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Exhibit</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 12.2</font></p>
<p style="margin: 6pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">Subsidiaries</font> </p>
<p style="margin: 6pt 0pt 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 </font></p>
<p style="margin: 6pt 0in 0in; break-after: avoid; font-size: 12pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="font-size: 10.0pt; mso-ansi-language: PT-BR;">I,















<font lang="PT-BR" style="font-size: 10.0pt; font-family: 'Times New Roman',serif; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: PT-BR; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">Alexandre Mendes
Palhares</font>, certify that: </font></p>
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<td style="width: 2%; height: 17px; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">1.</font></td>
<td style="width: 95%; height: 17px;"><font style="font-size: 10pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">I have reviewed this annual report on Form 20-F of ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;(the &#8220;Company&#8221;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">)</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">;</font></font></td>





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<td style="height: 17px; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2.</font></td>
<td style="height: 17px;"><font style="font-size: 10pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">report;</font></font></td>





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<td style="height: 17px; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3.</font></td>
<td style="height: 17px;"><font style="font-size: 10pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">C</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ompany&nbsp;as of, and for, the periods presented in this&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">report;</font></font></td>





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<td style="height: 17px;"><br></td>
<td style="height: 17px; vertical-align: top;" valign="top"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">4.</font></td>
<td style="height: 17px;"><font style="font-size: 10pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">The&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">C</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ompany&#8217;s&nbsp;other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">C</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ompany&nbsp;and have:</font></font></td>





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<td style="width: 5%; height: 34px;"><br></td>
<td style="vertical-align: top; text-align: right; width: 3%; height: 34px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">a)</font></td>
<td style="width: 92%; height: 34px;"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">C</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ompany, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">prepared;</font></td>





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<td style="vertical-align: top; text-align: right; height: 34px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">b)</font></td>
<td style="height: 34px;"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">principles;</font></td>





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<td style="height: 34px;"><br></td>
<td style="vertical-align: top; text-align: right; height: 34px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">c)</font></td>
<td style="height: 34px;"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Evaluated the effectiveness of the<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">C</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ompany&#8217;s<font>&nbsp;</font>disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</font></td>





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<td style="vertical-align: top; text-align: right; height: 34px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">d)</font></td>
<td style="height: 34px;"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Disclosed in this report any change in the<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">C</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ompany&#8217;s<font>&nbsp;</font>internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to materially affect, the<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">C</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ompany&#8217;s<font>&nbsp;</font>internal control over financial reporting; and</font></td>





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<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font></p>
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<td style="width: 3%;"><br></td>
<td style="width: 2%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">5.</font></td>
<td style="width: 95%;"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">The Company&#8217;s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Company&#8217;s auditors and to the audit committee of the Company&#8217;s Board of Directors (or persons performing the equivalent functions):</font></td>





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<td style="width: 3%; vertical-align: top; text-align: right;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">a)</font></td>
<td style="width: 92%;"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">C</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ompany&#8217;s<font>&nbsp;</font>ability to record, process, summarize and report financial information; and</font></td>





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<td style="vertical-align: top; text-align: right;" valign="top"><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">b)</font></td>
<td><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Any fraud,<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">whether or not</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>material, that involves management or other employees who have a significant role in the<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">C</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ompany&#8217;s<font>&nbsp;</font>internal control over financial reporting.</font></td>





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<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; &nbsp; &nbsp; </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font></p>
<p><font style="font-family: 'Times New Roman'; font-size: 10pt;">Date: </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">April 22</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">, 2025</font></p>
<p style="margin: 6pt 0pt 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">ULTRAPAR PARTICIPA&#199;&#213;ES</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> S.A. </font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><font style="font-family: 'times new roman', times;"><font lang="PT-BR" style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 10pt;">/</font><font lang="PT-BR" style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 7.5pt;">S</font><font lang="PT-BR" style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 10pt;">/&nbsp;<font lang="PT-BR" style="font-size: 10pt; font-family: 'Times New Roman', serif; color: #000000;">Alexandre
Mendes Palhares</font>


</font></font></font></p>








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<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Name:</font></p>








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<b><font lang="PT-BR" style="font-size: 8.0pt; font-family: 'Times New Roman',serif; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: PT-BR; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">Alexandre Mendes
Palhares</font></b>


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<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Title:</font></p>








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<font style="font-size: 10.0pt; font-family: 'Times New Roman',serif; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">Chief&nbsp;Financial&nbsp;and&nbsp;Investor&nbsp;Relations&nbsp;Officer</font>


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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-12.1
<SEQUENCE>25
<FILENAME>ex121_2.htm
<DESCRIPTION>EXHIBIT 12.1
<TEXT>
<html><body><div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Exhibit</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> 12.1 </font></p>
<p style="margin: 6pt 0pt 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">Subsidiaries</font> </p>
<p style="margin: 6pt 0pt 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 </font></p>
<p style="margin: 6pt 0in 0in; break-after: avoid; font-size: 12pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="font-size: 10.0pt; mso-ansi-language: PT-BR;">I, Rodrigo de Almeida Pizzinatto, certify that: </font></p>
<p style="margin: 0px; break-after: avoid; text-indent: 0px;"><br></p>
<table style="width: 100%; margin-left: 0.1px; height: 68px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 17px;">
<td style="width: 3%; height: 17px;"><br></td>
<td style="width: 2%; height: 17px; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">1.</font></td>
<td style="width: 95%; height: 17px;"><font style="font-size: 10pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">I have reviewed this annual report on Form 20-F of ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&nbsp;(the &#8220;Company&#8221;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">)</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">;</font></font></td>





</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><br></td>
<td style="height: 17px; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2.</font></td>
<td style="height: 17px;"><font style="font-size: 10pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">report;</font></font></td>





</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><br></td>
<td style="height: 17px; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3.</font></td>
<td style="height: 17px;"><font style="font-size: 10pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">C</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ompany&nbsp;as of, and for, the periods presented in this&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">report;</font></font></td>





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<tr style="height: 17px;">
<td style="height: 17px;"><br></td>
<td style="height: 17px; vertical-align: top;" valign="top"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">4.</font></td>
<td style="height: 17px;"><font style="font-size: 10pt;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">The&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">C</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ompany&#8217;s&nbsp;other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the&nbsp;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">C</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ompany&nbsp;and have:</font></font></td>





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<table style="width: 100%; margin-left: 0.1px; height: 136px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 34px;">
<td style="width: 5%; height: 34px;"><br></td>
<td style="vertical-align: top; text-align: right; width: 3%; height: 34px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">a)</font></td>
<td style="width: 92%; height: 34px;"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">C</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ompany, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">prepared;</font></td>





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<td style="height: 34px;"><br></td>
<td style="vertical-align: top; text-align: right; height: 34px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">b)</font></td>
<td style="height: 34px;"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">principles;</font></td>





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<td style="height: 34px;"><br></td>
<td style="vertical-align: top; text-align: right; height: 34px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">c)</font></td>
<td style="height: 34px;"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Evaluated the effectiveness of the<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">C</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ompany&#8217;s<font>&nbsp;</font>disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</font></td>





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<td style="height: 34px;"><br></td>
<td style="vertical-align: top; text-align: right; height: 34px;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">d)</font></td>
<td style="height: 34px;"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Disclosed in this report any change in the<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">C</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ompany&#8217;s<font>&nbsp;</font>internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to materially affect, the<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">C</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ompany&#8217;s<font>&nbsp;</font>internal control over financial reporting; and</font></td>





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<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font></p>
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<tr>
<td style="width: 3%;"><br></td>
<td style="width: 2%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">5.</font></td>
<td style="width: 95%;"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">The<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">C</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ompany&#8217;s<font>&nbsp;</font>other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">C</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ompany&#8217;s<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">auditors</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>and the audit committee of the<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">C</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ompany&#8217;s<font>&nbsp;</font>Board of Directors (or persons performing the equivalent function</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">s</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">):</font></td>





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<td style="width: 5%;"><br></td>
<td style="width: 3%; vertical-align: top; text-align: right;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">a)</font></td>
<td style="width: 92%;"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">C</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ompany&#8217;s<font>&nbsp;</font>ability to record, process, summarize and report financial information; and</font></td>





</tr>
<tr>
<td><br></td>
<td style="vertical-align: top; text-align: right;" valign="top"><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">b)</font></td>
<td><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Any fraud,<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">whether or not</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>material, that involves management or other employees who have a significant role in the<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">C</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ompany&#8217;s<font>&nbsp;</font>internal control over financial reporting.</font></td>





</tr>











</table>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; &nbsp; &nbsp; </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font></p>
<p><font style="font-family: 'Times New Roman'; font-size: 10pt;">Date: </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">April 22</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">, 2025</font></p>
<p style="margin: 6pt 0pt 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">ULTRAPAR PARTICIPA&#199;&#213;ES</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> S.A. </font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 40%; height: 88px;" width="40%">

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<td style="vertical-align: middle; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 12pt;">&nbsp;</font></p>








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<td style="vertical-align: middle; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>








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<tr style="height: 17px;">
<td style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>








</td>








</tr>
<tr style="height: 17px;">
<td style="vertical-align: top; width: 13%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">By:</font></p>








</td>
<td style="border-bottom: 0.75pt solid #000000; vertical-align: top; width: 87%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><font style="font-family: 'times new roman', times;"><font lang="PT-BR" style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 10pt;">/</font><font lang="PT-BR" style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 7.5pt;">S</font><font lang="PT-BR" style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 10pt;">/&nbsp;<font lang="PT-BR" style="font-size: 10pt; font-family: 'Times New Roman', serif; color: #000000;">R</font><font lang="PT-BR" style="font-size: 7.5pt; font-family: 'Times New Roman', serif; color: #000000;">ODRIGO DE</font><font lang="PT-BR" style="font-size: 10pt; font-family: 'Times New Roman', serif; color: #000000;">&nbsp;A</font><font lang="PT-BR" style="font-size: 7.5pt; font-family: 'Times New Roman', serif; color: #000000;">LMEIDA</font><font lang="PT-BR" style="font-size: 10pt; font-family: 'Times New Roman', serif; color: #000000;">&nbsp;P</font><font lang="PT-BR" style="font-size: 7.5pt; font-family: 'Times New Roman', serif; color: #000000;">IZZINATTO</font>


</font></font></font></p>








</td>








</tr>
<tr style="height: 17px;">
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Name:</font></p>








</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;">















<b><font style="font-size: 8.0pt; font-family: 'Times New Roman',serif; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">Rodrigo de Almeida Pizzinatto</font></b>


</p>








</td>








</tr>
<tr style="height: 17px;">
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Title:</font></p>








</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chief Executive Officer</font></p>








</td>








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</table>
<div><br></div>








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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
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<div>Dec. 31, 2024 </div>
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</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">UGP<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="nump">1,082,072,593<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityWellKnownSeasonedIssuer', window );">Entity Well-known Seasoned Issuer</a></td>
<td class="text">Yes<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityVoluntaryFilers', window );">Entity Voluntary Filers</a></td>
<td class="text">No<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCurrentReportingStatus', window );">Entity Current Reporting Status</a></td>
<td class="text">Yes<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityInteractiveDataCurrent', window );">Entity Interactive Data Current</a></td>
<td class="text">Yes<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFilerCategory', window );">Entity Filer Category</a></td>
<td class="text">Large Accelerated Filer<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentAccountingStandard', window );">Document Accounting Standard</a></td>
<td class="text">International Financial Reporting Standards<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityShellCompany', window );">Entity Shell Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_IcfrAuditorAttestationFlag', window );">ICFR Auditor Attestation Flag</a></td>
<td class="text">true<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentFinStmtErrorCorrectionFlag', window );">Document Financial Statement Error Correction [Flag]</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AuditorName', window );">Auditor Name</a></td>
<td class="text">Deloitte Touche Tohmatsu Auditores Independentes Ltda.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AuditorFirmId', window );">Auditor Firm ID</a></td>
<td class="text">1045<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AuditorLocation', window );">Auditor Location</a></td>
<td class="text">S&#227;o Paulo, Brazil<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressesAddressTypeAxis=dei_BusinessContactMember', window );">Business Contact [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_ContactPersonnelName', window );">Contact Personnel Name</a></td>
<td class="text">Alexandre Mendes Palhares<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">Brigadeiro Luis Ant&#244;nio Avenue, 1343, 9th Floor<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">S&#227;o Paulo<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCountry', window );">Entity Address, Country</a></td>
<td class="text">BR<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">01317-910<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">55 11<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">3177 7014<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AuditorFirmId">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>PCAOB issued Audit Firm Identifier</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 10-K<br> -Number 249<br> -Section 310<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Number 249<br> -Section 220<br> -Subsection f<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 40-F<br> -Number 249<br> -Section 240<br> -Subsection f<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AuditorFirmId</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:nonemptySequenceNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AuditorLocation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 10-K<br> -Number 249<br> -Section 310<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Number 249<br> -Section 220<br> -Subsection f<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 40-F<br> -Number 249<br> -Section 240<br> -Subsection f<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AuditorLocation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:internationalNameItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AuditorName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 10-K<br> -Number 249<br> -Section 310<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Number 249<br> -Section 220<br> -Subsection f<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 40-F<br> -Number 249<br> -Section 240<br> -Subsection f<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AuditorName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:internationalNameItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_ContactPersonnelName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of contact personnel</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_ContactPersonnelName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CurrentFiscalYearEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>End date of current fiscal year in the format --MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CurrentFiscalYearEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gMonthDayItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentAccountingStandard">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The basis of accounting the registrant has used to prepare the financial statements included in this filing This can either be 'U.S. GAAP', 'International Financial Reporting Standards', or 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Number 249<br> -Section 220<br> -Subsection f<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentAccountingStandard</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:accountingStandardItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentAnnualReport">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true only for a form used as an annual report.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 10-K<br> -Number 249<br> -Section 310<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Number 249<br> -Section 220<br> -Subsection f<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 40-F<br> -Number 249<br> -Section 240<br> -Subsection f<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentAnnualReport</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFinStmtErrorCorrectionFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicates whether any of the financial statement period in the filing include a restatement due to error correction.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation S-K<br> -Number 229<br> -Section 402<br> -Subsection w<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 10-K<br> -Number 249<br> -Section 310<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Number 249<br> -Section 220<br> -Subsection f<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 40-F<br> -Number 249<br> -Section 240<br> -Subsection f<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFinStmtErrorCorrectionFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalPeriodFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalPeriodFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fiscalPeriodItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalYearFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalYearFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gYearItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentInformationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentInformationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentRegistrationStatement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true only for a form used as a registration statement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentRegistrationStatement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentShellCompanyReport">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true for a Shell Company Report pursuant to section 13 or 15(d) of the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Number 249<br> -Section 220<br> -Subsection f<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentShellCompanyReport</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentTransitionReport">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true only for a form used as a transition report.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Forms 10-K, 10-Q, 20-F<br> -Number 240<br> -Section 13<br> -Subsection a-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentTransitionReport</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCountry">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>ISO 3166-1 alpha-2 country code.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCountry</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:countryCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCommonStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCommonStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCurrentReportingStatus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCurrentReportingStatus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFilerCategory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFilerCategory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:filerCategoryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityInteractiveDataCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation S-T<br> -Number 232<br> -Section 405<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityInteractiveDataCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityShellCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityShellCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityVoluntaryFilers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityVoluntaryFilers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityWellKnownSeasonedIssuer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 405<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityWellKnownSeasonedIssuer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_IcfrAuditorAttestationFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 10-K<br> -Number 249<br> -Section 310<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Number 249<br> -Section 220<br> -Subsection f<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 40-F<br> -Number 249<br> -Section 240<br> -Subsection f<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_IcfrAuditorAttestationFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressesAddressTypeAxis=dei_BusinessContactMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressesAddressTypeAxis=dei_BusinessContactMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<SEQUENCE>28
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<head>
<title></title>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Consolidated statements of financial position - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2024</div></th>
<th class="th"><div>Dec. 31, 2023</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentAssetsAbstract', window );"><strong>Current assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="nump">R$ 2,071,593<span></span>
</td>
<td class="nump">R$ 5,925,688<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Financial investments, derivative financial instruments and other financial assets</a></td>
<td class="nump">2,553,011<span></span>
</td>
<td class="nump">292,934<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Trade receivables</a></td>
<td class="nump">3,540,266<span></span>
</td>
<td class="nump">3,921,790<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_CurrentResellerFinancing', window );">Reseller financing</a></td>
<td class="nump">511,979<span></span>
</td>
<td class="nump">504,862<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_CurrentReceivablesFromSaleOfInvestments', window );">Trade receivables - sale of subsidiaries</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">924,364<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Inventories', window );">Inventories</a></td>
<td class="nump">3,917,076<span></span>
</td>
<td class="nump">4,291,431<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentReceivablesFromTaxesOtherThanIncomeTax', window );">Recoverable taxes</a></td>
<td class="nump">2,040,008<span></span>
</td>
<td class="nump">1,462,269<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTaxAssetsCurrent', window );">Recoverable income and social contribution taxes</a></td>
<td class="nump">151,930<span></span>
</td>
<td class="nump">171,051<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_CurrentEnergyTradingFuturesContractsAssets', window );">Energy trading futures contracts</a></td>
<td class="nump">141,257<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_DividendsReceivableCurrent', window );">Dividends receivable</a></td>
<td class="nump">3,415<span></span>
</td>
<td class="nump">3,572<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentReceivables', window );">Other receivables and other assets</a></td>
<td class="nump">294,769<span></span>
</td>
<td class="nump">263,806<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentPrepaidExpenses', window );">Prepaid expenses</a></td>
<td class="nump">163,846<span></span>
</td>
<td class="nump">99,922<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentContractAssets', window );">Contractual assets with customers - exclusivity rights</a></td>
<td class="nump">658,571<span></span>
</td>
<td class="nump">787,206<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Total current assets</a></td>
<td class="nump">16,047,721<span></span>
</td>
<td class="nump">18,648,895<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentAssetsAbstract', window );"><strong>Non-current assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherNoncurrentFinancialAssets', window );">Financial investments, derivative financial instruments and other financial assets</a></td>
<td class="nump">3,407,080<span></span>
</td>
<td class="nump">951,941<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentTradeReceivables', window );">Trade receivables</a></td>
<td class="nump">27,003<span></span>
</td>
<td class="nump">13,216<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_NonCurrentResellerFinancing', window );">Reseller financing</a></td>
<td class="nump">766,045<span></span>
</td>
<td class="nump">550,641<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties', window );">Related parties</a></td>
<td class="nump">48,309<span></span>
</td>
<td class="nump">31,892<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxAssets', window );">Deferred income and social contribution taxes</a></td>
<td class="nump">936,941<span></span>
</td>
<td class="nump">1,255,134<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentReceivablesFromTaxesOtherThanIncomeTax', window );">Recoverable taxes</a></td>
<td class="nump">2,650,269<span></span>
</td>
<td class="nump">2,741,370<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTaxAssetsNoncurrent', window );">Recoverable income and social contribution taxes</a></td>
<td class="nump">346,137<span></span>
</td>
<td class="nump">225,354<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_NoncurrentEnergyTradingFuturesContractsAssets', window );">Energy trading futures contracts</a></td>
<td class="nump">263,438<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LongtermDeposits', window );">Escrow deposits</a></td>
<td class="nump">446,076<span></span>
</td>
<td class="nump">1,032,717<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_IndemnificationAssetBusinessCombination', window );">Indemnification asset - business combination</a></td>
<td class="nump">126,098<span></span>
</td>
<td class="nump">124,927<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_OtherNoncurrentReceivablesAndAssets', window );">Other receivables and other assets</a></td>
<td class="nump">114,469<span></span>
</td>
<td class="nump">155,818<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentPrepayments', window );">Prepaid expenses</a></td>
<td class="nump">40,904<span></span>
</td>
<td class="nump">73,387<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentContractAssets', window );">Contractual assets with customers - exclusivity rights</a></td>
<td class="nump">1,473,331<span></span>
</td>
<td class="nump">1,475,302<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InvestmentAccountedForUsingEquityMethod', window );">Investments in subsidiaries, joint ventures and associates</a></td>
<td class="nump">2,148,633<span></span>
</td>
<td class="nump">318,356<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Right-of-use assets, net</a></td>
<td class="nump">1,671,324<span></span>
</td>
<td class="nump">1,711,526<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant and equipment, net</a></td>
<td class="nump">7,135,966<span></span>
</td>
<td class="nump">6,387,581<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, net</a></td>
<td class="nump">1,908,330<span></span>
</td>
<td class="nump">2,553,917<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Total non-current assets</a></td>
<td class="nump">23,510,353<span></span>
</td>
<td class="nump">19,603,079<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">39,558,074<span></span>
</td>
<td class="nump">38,251,974<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentLiabilitiesAbstract', window );"><strong>Current liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers', window );">Trade payables</a></td>
<td class="nump">3,518,385<span></span>
</td>
<td class="nump">4,682,671<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_TradeCurrentPayablesReverseFactoring', window );">Trade payables - reverse factoring</a></td>
<td class="nump">1,014,504<span></span>
</td>
<td class="nump">1,039,366<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_LoansFinancingAndHedgingInstrumentsCurrent', window );">Loans, financing and derivative financial instruments</a></td>
<td class="nump">3,175,017<span></span>
</td>
<td class="nump">1,075,672<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued', window );">Debentures</a></td>
<td class="nump">377,743<span></span>
</td>
<td class="nump">917,582<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ShorttermEmployeeBenefitsAccruals', window );">Salaries and related charges</a></td>
<td class="nump">480,285<span></span>
</td>
<td class="nump">494,771<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax', window );">Taxes payable</a></td>
<td class="nump">151,230<span></span>
</td>
<td class="nump">168,730<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_CurrentEnergyTradingFuturesContractsLiabilities', window );">Energy trading futures contracts</a></td>
<td class="nump">66,729<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentDividendPayables', window );">Dividends payable</a></td>
<td class="nump">327,471<span></span>
</td>
<td class="nump">334,641<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTaxLiabilitiesCurrent', window );">Income and social contribution taxes payable</a></td>
<td class="nump">322,074<span></span>
</td>
<td class="nump">551,792<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentProvisionsForEmployeeBenefits', window );">Post-employment benefits</a></td>
<td class="nump">24,098<span></span>
</td>
<td class="nump">23,612<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_ProvisionForDecarbonizationCredit', window );">Provision for decarbonization credit</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">741,982<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ShorttermLegalProceedingsProvision', window );">Provisions for tax, civil and labor risks</a></td>
<td class="nump">47,788<span></span>
</td>
<td class="nump">45,828<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentLeaseLiabilities', window );">Leases payable</a></td>
<td class="nump">316,460<span></span>
</td>
<td class="nump">311,426<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_CurrentFinancialLiabilitiesOfCustomers', window );">Financial liabilities of customers</a></td>
<td class="nump">117,090<span></span>
</td>
<td class="nump">157,615<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherCurrentPayables', window );">Other payables</a></td>
<td class="nump">554,327<span></span>
</td>
<td class="nump">683,970<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Total current liabilities</a></td>
<td class="nump">10,493,201<span></span>
</td>
<td class="nump">11,229,658<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilitiesAbstract', window );"><strong>Non-current liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_LoansFinancingAndHedgingInstrumentsNonCurrent', window );">Loans, financing and derivative financial instruments</a></td>
<td class="nump">6,393,232<span></span>
</td>
<td class="nump">5,585,372<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued', window );">Debentures</a></td>
<td class="nump">4,356,118<span></span>
</td>
<td class="nump">4,189,391<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_NoncurrentEnergyTradingFuturesContractsLiabilities', window );">Energy trading futures contracts</a></td>
<td class="nump">48,047<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentPayablesToRelatedParties', window );">Related parties</a></td>
<td class="nump">3,516<span></span>
</td>
<td class="nump">3,118<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilities', window );">Deferred income and social contribution taxes</a></td>
<td class="nump">132,825<span></span>
</td>
<td class="nump">206<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentProvisionsForEmployeeBenefits', window );">Post-employment benefits</a></td>
<td class="nump">198,778<span></span>
</td>
<td class="nump">241,211<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LongtermLegalProceedingsProvision', window );">Provisions for tax, civil and labor risks</a></td>
<td class="nump">610,572<span></span>
</td>
<td class="nump">1,258,302<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentLeaseLiabilities', window );">Leases payable</a></td>
<td class="nump">1,168,692<span></span>
</td>
<td class="nump">1,212,508<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_NonCurrentFinancialLiabilitiesOfCustomers', window );">Financial liabilities of customers</a></td>
<td class="nump">63,135<span></span>
</td>
<td class="nump">151,319<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_NonCurrentIndemnificationForSubscriptionWarrants', window );">Subscription warrants - indemnification</a></td>
<td class="nump">47,745<span></span>
</td>
<td class="nump">87,299<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_NonCurrentProvisionForUnsecuredLiabilitiesOfSubsidiariesJointVenturesAndAssociates', window );">Provision for unsecured liabilities of subsidiaries, joint ventures and associates</a></td>
<td class="nump">349<span></span>
</td>
<td class="nump">256<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherNoncurrentPayables', window );">Other payables</a></td>
<td class="nump">218,420<span></span>
</td>
<td class="nump">263,508<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Total non-current liabilities</a></td>
<td class="nump">13,241,429<span></span>
</td>
<td class="nump">12,992,490<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_EquityAbstract', window );"><strong>Equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IssuedCapital', window );">Share capital</a></td>
<td class="nump">6,621,752<span></span>
</td>
<td class="nump">6,621,752<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_EquityInstrumentsGranted', window );">Equity instrument granted</a></td>
<td class="nump">108,253<span></span>
</td>
<td class="nump">75,925<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CapitalReserve', window );">Capital reserve</a></td>
<td class="nump">612,048<span></span>
</td>
<td class="nump">597,828<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TreasuryShares', window );">Treasury shares</a></td>
<td class="num">(596,400)<span></span>
</td>
<td class="num">(470,510)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherReserves', window );">Revaluation reserve of subsidiaries</a></td>
<td class="nump">3,632<span></span>
</td>
<td class="nump">3,802<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_ProfitReserves', window );">Profit reserves</a></td>
<td class="nump">7,987,100<span></span>
</td>
<td class="nump">6,389,559<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AccumulatedOtherComprehensiveIncome', window );">Accumulated other comprehensive income</a></td>
<td class="nump">214,212<span></span>
</td>
<td class="nump">154,108<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdditionalDividendsMinimumMandatoryDividends', window );">Additional dividends to the minimum mandatory dividends</a></td>
<td class="nump">208,121<span></span>
</td>
<td class="nump">134,031<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_ShareholdersEquityAttributableToAbstract', window );"><strong>Equity attributable to:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_EquityAttributableToOwnersOfParent', window );">Shareholders of Ultrapar</a></td>
<td class="nump">15,158,718<span></span>
</td>
<td class="nump">13,506,495<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncontrollingInterests', window );">Non-controlling interests in subsidiaries</a></td>
<td class="nump">664,726<span></span>
</td>
<td class="nump">523,331<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Equity', window );">Total equity</a></td>
<td class="nump">15,823,444<span></span>
</td>
<td class="nump">14,029,826<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilities', window );">Total liabilities and equity</a></td>
<td class="nump">R$ 39,558,074<span></span>
</td>
<td class="nump">R$ 38,251,974<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AccumulatedOtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of accumulated items of income and expense (including reclassification adjustments) that are not recognised in profit or loss as required or permitted by other IFRSs. [Refer: IFRSs [member]; Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AccumulatedOtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of a present economic resource controlled by the entity as a result of past events. Economic resource is a right that has the potential to produce economic benefits.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2024-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2024-01-01<br> -Paragraph 28<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_28_c&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2024-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2024-01-01<br> -Paragraph 23<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2024-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CapitalReserve">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A component of equity representing the capital reserves.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CapitalReserve</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 45<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph B13<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 54<br> -Subparagraph i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that the entity (a) expects to realise or intends to sell or consume in its normal operating cycle; (b) holds primarily for the purpose of trading; (c) expects to realise within twelve months after the reporting period; or (d) classifies as cash or cash equivalents (as defined in IAS 7) unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. [Refer: Assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_B12_b_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 66<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentContractAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current contract assets. [Refer: Contract assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 15<br> -IssueDate 2024-01-01<br> -Paragraph 105<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=15&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_105&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentContractAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentDividendPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current dividend payables. [Refer: Dividend payables]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentDividendPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current investments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current lease liabilities. [Refer: Lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2024-01-01<br> -Paragraph 47<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_47_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that: (a) the entity expects to settle in its normal operating cycle; (b) the entity holds primarily for the purpose of trading; (c) are due to be settled within twelve months after the reporting period; or (d) the entity does not have the right at the end of the reporting period to defer settlement for at least twelve months after the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_B12_b_iii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 69<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current notes and debentures issued and the current portion of non-current notes and debentures issued. [Refer: Notes and debentures issued]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current payables on social security and taxes other than incomes tax. [Refer: Payables on social security and taxes other than income tax]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 78<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_78&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentPrepaidExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentPrepaidExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentProvisionsForEmployeeBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current provisions for employee benefits. [Refer: Provisions for employee benefits]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 78<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_78_d&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentProvisionsForEmployeeBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentReceivablesFromTaxesOtherThanIncomeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current receivables from taxes other than income tax. [Refer: Receivables from taxes other than income tax]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentReceivablesFromTaxesOtherThanIncomeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTaxAssetsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The current amount of current tax assets. [Refer: Current tax assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 54<br> -Subparagraph n<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_54_n&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTaxAssetsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTaxAssetsNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The non-current amount of current tax assets. [Refer: Current tax assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 54<br> -Subparagraph n<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_54_n&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTaxAssetsNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTaxLiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The current amount of current tax liabilities. [Refer: Current tax liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 54<br> -Subparagraph n<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_54_n&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTaxLiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTradeReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade receivables. [Refer: Trade receivables]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 68<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_68&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTradeReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amounts of income taxes recoverable in future periods in respect of: (a) deductible temporary differences; (b) the carryforward of unused tax losses; and (c) the carryforward of unused tax credits. [Refer: Temporary differences [member]; Unused tax credits [member]; Unused tax losses [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph 81<br> -Subparagraph g<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_81_g_i&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 54<br> -Subparagraph o<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_54_o&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 56<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_56&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amounts of income taxes payable in future periods in respect of taxable temporary differences. [Refer: Temporary differences [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph 81<br> -Subparagraph g<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_81_g_i&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 54<br> -Subparagraph o<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_54_o&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 56<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_56&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Equity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 24<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2024-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2024-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2024-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Equity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAndLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of the entity's equity and liabilities. [Refer: Equity; Liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAndLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAttributableToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of equity attributable to the owners of the parent. This specifically excludes non-controlling interest.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 54<br> -Subparagraph r<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_54_r&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAttributableToOwnersOfParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IntangibleAssetsAndGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of intangible assets and goodwill held by the entity. [Refer: Goodwill; Intangible assets other than goodwill]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IntangibleAssetsAndGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Inventories">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current inventories. [Refer: Inventories]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 2<br> -IssueDate 2024-01-01<br> -Paragraph 36<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=2&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_36_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 54<br> -Subparagraph g<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_54_g&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 68<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_68&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Inventories</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InvestmentAccountedForUsingEquityMethod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of investments accounted for using the equity method. The equity method is a method of accounting whereby the investment is initially recognised at cost and adjusted thereafter for the post-acquisition change in the investor's share of net assets of the investee. The investor's profit or loss includes its share of the profit or loss of the investee. The investor's other comprehensive income includes its share of the other comprehensive income of the investee. [Refer: At cost [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2024-01-01<br> -Paragraph 24<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph B16<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_B16&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 54<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_54_e&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InvestmentAccountedForUsingEquityMethod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IssuedCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The nominal value of capital issued.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IssuedCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LongtermDeposits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of long-term deposits held by the entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LongtermDeposits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LongtermLegalProceedingsProvision">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current provision for legal proceedings. [Refer: Legal proceedings provision]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 37<br> -IssueDate 2024-01-01<br> -Section Example 10 A court case<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=37&amp;code=ifrs-tx-2024-en-r&amp;doctype=Illustrative%20Examples&amp;dita_xref=IAS37_IE_C_ex10_TI<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 37<br> -IssueDate 2024-01-01<br> -Paragraph 87<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=37&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_87&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LongtermLegalProceedingsProvision</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of equity in a subsidiary not attributable, directly or indirectly, to a parent. [Refer: Total for all subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 10<br> -IssueDate 2024-01-01<br> -Paragraph 22<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=10&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_22&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph 12<br> -Subparagraph f<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_12_f&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 54<br> -Subparagraph q<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_54_q&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that do not meet the definition of current assets. [Refer: Current assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_B12_b_ii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 66<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentContractAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current contract assets. [Refer: Contract assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 15<br> -IssueDate 2024-01-01<br> -Paragraph 105<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=15&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_105&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentContractAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current lease liabilities. [Refer: Lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2024-01-01<br> -Paragraph 47<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_47_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that do not meet the definition of current liabilities. [Refer: Current liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iv<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_B12_b_iv&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 69<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentPayablesToRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current payables due to related parties. [Refer: Total for all related parties [member]; Payables to related parties]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 78<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_78&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentPayablesToRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The non-current portion of non-current notes and debentures issued. [Refer: Notes and debentures issued]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentPrepayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current prepayments. [Refer: Prepayments]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentPrepayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentProvisionsForEmployeeBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current provisions for employee benefits. [Refer: Provisions for employee benefits]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 78<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_78_d&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentProvisionsForEmployeeBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentReceivablesFromTaxesOtherThanIncomeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current receivables from taxes other than income tax. [Refer: Receivables from taxes other than income tax]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentReceivablesFromTaxesOtherThanIncomeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentTradeReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current trade receivables. [Refer: Trade receivables]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentTradeReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherCurrentPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current payables that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherCurrentPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherNoncurrentFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current financial assets that the entity does not separately disclose in the same statement or note. [Refer: Other financial assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 54<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_54_d&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherNoncurrentFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherNoncurrentPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current payables that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherNoncurrentPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherReserves">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A component of equity representing reserves within equity, not including retained earnings. [Refer: Retained earnings]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherReserves</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of tangible assets that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and (b) are expected to be used during more than one period. Note that right-of-use assets are not included. [Contrast: Property, plant and equipment including right-of-use assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2024-01-01<br> -Paragraph 73<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_73_e&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 54<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_54_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RightofuseAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that represent a lessee's right to use an underlying asset for the lease term that do not meet the definition of investment property. Underlying asset is an asset that is the subject of a lease, for which the right to use that asset has been provided by a lessor to a lessee.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2024-01-01<br> -Paragraph 53<br> -Subparagraph j<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_53_j&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2024-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_47_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RightofuseAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShorttermEmployeeBenefitsAccruals">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of accruals for employee benefits (other than termination benefits) that are expected to be settled wholly within twelve months after the end of the annual reporting period in which the employees render the related services. [Refer: Accruals classified as current]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 78<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_78&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShorttermEmployeeBenefitsAccruals</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShorttermLegalProceedingsProvision">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current provision for legal proceedings. [Refer: Legal proceedings provision]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 37<br> -IssueDate 2024-01-01<br> -Section Example 10 A court case<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=37&amp;code=ifrs-tx-2024-en-r&amp;doctype=Illustrative%20Examples&amp;dita_xref=IAS37_IE_C_ex10_TI<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 37<br> -IssueDate 2024-01-01<br> -Paragraph 87<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=37&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_87&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShorttermLegalProceedingsProvision</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The current amount of payment due to suppliers for goods and services used in entity's business. [Refer: Current liabilities; Trade payables]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 78<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_78&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 70<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_70&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherCurrentReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade receivables and current other receivables. [Refer: Current trade receivables; Other current receivables]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 54<br> -Subparagraph h<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_54_h&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherCurrentReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of receivables due from related parties. [Refer: Total for all related parties [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TreasuryShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>An entity&#8217;s own equity instruments, held by the entity or other members of the consolidated group.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 32<br> -IssueDate 2024-01-01<br> -Paragraph 34<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=32&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TreasuryShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_AdditionalDividendsMinimumMandatoryDividends">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Additional dividends to the minimum mandatory amount recognised as distributions to owners during the period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AdditionalDividendsMinimumMandatoryDividends</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_CurrentEnergyTradingFuturesContractsAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current energy trading futures contracts assets.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_CurrentEnergyTradingFuturesContractsAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_CurrentEnergyTradingFuturesContractsLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current energy trading futures contracts liabilities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_CurrentEnergyTradingFuturesContractsLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_CurrentFinancialLiabilitiesOfCustomers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current financial liabilities of customers.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_CurrentFinancialLiabilitiesOfCustomers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_CurrentReceivablesFromSaleOfInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current receivables arising from the sale of investments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_CurrentReceivablesFromSaleOfInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_CurrentResellerFinancing">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current reseller financing.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_CurrentResellerFinancing</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_DividendsReceivableCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount recognized when the shareholder's right to receive payment is established.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_DividendsReceivableCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_EquityInstrumentsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A component of equity representing equity instrument granted.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_EquityInstrumentsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_IndemnificationAssetBusinessCombination">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current indemnification asset arising from business combination.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_IndemnificationAssetBusinessCombination</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_LoansFinancingAndHedgingInstrumentsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current loans, financing and hedge derivative financial instruments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_LoansFinancingAndHedgingInstrumentsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_LoansFinancingAndHedgingInstrumentsNonCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current loans, financing and hedge derivative financial instruments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_LoansFinancingAndHedgingInstrumentsNonCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_NonCurrentFinancialLiabilitiesOfCustomers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current financial liabilities of customers</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_NonCurrentFinancialLiabilitiesOfCustomers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_NonCurrentIndemnificationForSubscriptionWarrants">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current indemnification for subscription warrants.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_NonCurrentIndemnificationForSubscriptionWarrants</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_NonCurrentProvisionForUnsecuredLiabilitiesOfSubsidiariesJointVenturesAndAssociates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current provision for unsecured liabilities of subsidiaries, joint ventures and associates.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_NonCurrentProvisionForUnsecuredLiabilitiesOfSubsidiariesJointVenturesAndAssociates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_NonCurrentResellerFinancing">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current reseller financing.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_NonCurrentResellerFinancing</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_NoncurrentEnergyTradingFuturesContractsAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current energy trading futures contracts assets.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_NoncurrentEnergyTradingFuturesContractsAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_NoncurrentEnergyTradingFuturesContractsLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current energy trading futures contracts liabilities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_NoncurrentEnergyTradingFuturesContractsLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_OtherNoncurrentReceivablesAndAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current other receivables and assets.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_OtherNoncurrentReceivablesAndAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_ProfitReserves">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A component of equity representing profit reserves which includes legal reserve and investments statutory reserve.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_ProfitReserves</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_ProvisionForDecarbonizationCredit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of provision for decarbonization credit.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_ProvisionForDecarbonizationCredit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_ShareholdersEquityAttributableToAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Shareholders Equity Attributable to [abstract]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_ShareholdersEquityAttributableToAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_TradeCurrentPayablesReverseFactoring">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trade current payables- reverse factoring.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_TradeCurrentPayablesReverseFactoring</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>29
<FILENAME>R3.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Consolidated statements of income - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2024</div></th>
<th class="th"><div>Dec. 31, 2023</div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_ProfitLossFromContinuingOperationsAbstract', window );"><strong>Profit Loss From Continuing Operations [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue from sales and services</a></td>
<td class="nump">R$ 133,498,913<span></span>
</td>
<td class="nump">R$ 126,048,701<span></span>
</td>
<td class="nump">R$ 143,634,708<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CostOfSales', window );">Cost of products and services sold</a></td>
<td class="num">(123,811,893)<span></span>
</td>
<td class="num">(116,730,469)<span></span>
</td>
<td class="num">(136,276,257)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GrossProfit', window );">Gross profit</a></td>
<td class="nump">9,687,020<span></span>
</td>
<td class="nump">9,318,232<span></span>
</td>
<td class="nump">7,358,451<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_OperatingIncomeExpensesAbstract', window );"><strong>Operating income (expenses)</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SalesAndMarketingExpense', window );">Selling and marketing</a></td>
<td class="num">(2,499,547)<span></span>
</td>
<td class="num">(2,253,226)<span></span>
</td>
<td class="num">(2,141,985)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeneralAndAdministrativeExpense', window );">General and administrative</a></td>
<td class="num">(1,872,092)<span></span>
</td>
<td class="num">(2,018,159)<span></span>
</td>
<td class="num">(1,534,481)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GainsLossesOnDisposalsOfNoncurrentAssets', window );">Results from disposal of property, plant and equipment and intangible assets</a></td>
<td class="nump">171,837<span></span>
</td>
<td class="nump">121,935<span></span>
</td>
<td class="nump">169,289<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherOperatingIncomeExpense', window );">Other operating income (expenses), net</a></td>
<td class="num">(414,092)<span></span>
</td>
<td class="num">(602,865)<span></span>
</td>
<td class="num">(514,522)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates', window );">Operating income before share of profit (loss) of subsidiaries, joint ventures and associates, financial result and income and social contribution taxes</a></td>
<td class="nump">5,073,126<span></span>
</td>
<td class="nump">4,565,917<span></span>
</td>
<td class="nump">3,336,752<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeAdjustments', window );">Share of profit (loss) of subsidiaries, joint ventures and associates</a></td>
<td class="num">(127,182)<span></span>
</td>
<td class="nump">11,908<span></span>
</td>
<td class="nump">12,181<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod', window );">Amortization of fair value adjustments on associates acquisition</a></td>
<td class="num">(2,493)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod', window );">Total share of profit (loss) of subsidiaries, joint ventures and associates</a></td>
<td class="num">(129,675)<span></span>
</td>
<td class="nump">11,908<span></span>
</td>
<td class="nump">12,181<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes', window );">Income before financial result and income and social contribution taxes</a></td>
<td class="nump">4,943,451<span></span>
</td>
<td class="nump">4,577,825<span></span>
</td>
<td class="nump">3,348,933<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FinanceIncome', window );">Financial income</a></td>
<td class="nump">881,074<span></span>
</td>
<td class="nump">880,884<span></span>
</td>
<td class="nump">706,689<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FinanceCosts', window );">Financial expenses</a></td>
<td class="num">(1,813,008)<span></span>
</td>
<td class="num">(1,880,014)<span></span>
</td>
<td class="num">(2,175,897)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FinanceIncomeCost', window );">Financial result, net</a></td>
<td class="num">(931,934)<span></span>
</td>
<td class="num">(999,130)<span></span>
</td>
<td class="num">(1,469,208)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income before income and social contribution taxes</a></td>
<td class="nump">4,011,517<span></span>
</td>
<td class="nump">3,578,695<span></span>
</td>
<td class="nump">1,879,725<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract', window );"><strong>Income and social contribution taxes</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTaxExpenseIncome', window );">Current</a></td>
<td class="num">(1,124,664)<span></span>
</td>
<td class="num">(1,396,317)<span></span>
</td>
<td class="num">(637,973)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncome', window );">Deferred</a></td>
<td class="num">(360,953)<span></span>
</td>
<td class="nump">335,375<span></span>
</td>
<td class="nump">296,459<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Income and social contribution taxes in the statement of income</a></td>
<td class="num">(1,485,617)<span></span>
</td>
<td class="num">(1,060,942)<span></span>
</td>
<td class="num">(341,514)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLossFromContinuingOperations', window );">Net income from continuing operations</a></td>
<td class="nump">2,525,900<span></span>
</td>
<td class="nump">2,517,753<span></span>
</td>
<td class="nump">1,538,211<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLossFromDiscontinuedOperations', window );">Discontinued operations</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">301,858<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income for the year</a></td>
<td class="nump">2,525,900<span></span>
</td>
<td class="nump">2,517,753<span></span>
</td>
<td class="nump">1,840,069<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToAbstract', window );"><strong>Income attributable to:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Shareholders of Ultrapar</a></td>
<td class="nump">2,362,740<span></span>
</td>
<td class="nump">2,439,795<span></span>
</td>
<td class="nump">1,800,839<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToNoncontrollingInterests', window );">Non-controlling interests in subsidiaries</a></td>
<td class="nump">R$ 163,160<span></span>
</td>
<td class="nump">R$ 77,958<span></span>
</td>
<td class="nump">R$ 39,230<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_EarningsLossPerShareFromContinuingOperationsAbstract', window );"><strong>Earnings per share from continuing operations (based on the weighted average number of shares outstanding) &#8211; R$</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_BasicEarningsLossPerShareFromContinuingOperations', window );">Basic</a></td>
<td class="nump">R$ 2.1438<span></span>
</td>
<td class="nump">R$ 2.2272<span></span>
</td>
<td class="nump">R$ 1.3727<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DilutedEarningsLossPerShareFromContinuingOperations', window );">Diluted</a></td>
<td class="nump">2.1141<span></span>
</td>
<td class="nump">2.2081<span></span>
</td>
<td class="nump">1.3643<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_EarningsLossPerShareFromDiscontinuedOperationsAbstract', window );"><strong>Earnings per share from discontinued operations (based on the weighted average number of shares outstanding) &#8211; R$</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_BasicEarningsLossPerShareFromDiscontinuedOperations', window );">Basic</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0.2764<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DilutedEarningsLossPerShareFromDiscontinuedOperations', window );">Diluted</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0.2747<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_EarningsLossPerShareAbstract', window );"><strong>Total earnings per share (based on the weighted average number of shares outstanding) &#8211; R$</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_BasicEarningsLossPerShare', window );">Basic</a></td>
<td class="nump">2.1438<span></span>
</td>
<td class="nump">2.2272<span></span>
</td>
<td class="nump">1.6491<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DilutedEarningsLossPerShare', window );">Diluted</a></td>
<td class="nump">R$ 2.1141<span></span>
</td>
<td class="nump">R$ 2.2081<span></span>
</td>
<td class="nump">R$ 1.6391<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BasicEarningsLossPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator) divided by the weighted average number of ordinary shares outstanding during the period (the denominator).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2024-01-01<br> -Paragraph 66<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2024-01-01<br> -Paragraph 67<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_67&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BasicEarningsLossPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-2022:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BasicEarningsLossPerShareFromContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Basic earnings (loss) per share from continuing operations. [Refer: Basic earnings (loss) per share; Continuing operations, unless line item indicates otherwise [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2024-01-01<br> -Paragraph 66<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2024-01-01<br> -Paragraph 67<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_67&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BasicEarningsLossPerShareFromContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-2022:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BasicEarningsLossPerShareFromDiscontinuedOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Basic earnings (loss) per share from discontinued operations. [Refer: Basic earnings (loss) per share; Discontinued operations [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2024-01-01<br> -Paragraph 68<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_68&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2024-01-01<br> -Paragraph 67<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_67&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BasicEarningsLossPerShareFromDiscontinuedOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-2022:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CostOfSales">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of all expenses directly or indirectly attributed to the goods or services sold. Attributed expenses include, but are not limited to, costs previously included in the measurement of inventory that has now been sold, such as depreciation and maintenance of factory buildings and equipment used in the production process, unallocated production overheads, and abnormal amounts of production costs of inventories.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 99<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 103<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CostOfSales</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTaxExpenseIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph 80<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_80_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTaxExpenseIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxExpenseIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of tax expense (income) relating to changes in deferred tax liabilities and deferred tax assets. [Refer: Deferred tax assets; Deferred tax liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph 81<br> -Subparagraph g<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_81_g_ii&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxExpenseIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DilutedEarningsLossPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator), divided by the weighted average number of ordinary shares outstanding during the period (the denominator), both adjusted for the effects of all dilutive potential ordinary shares. [Refer: Ordinary shares [member]; Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2024-01-01<br> -Paragraph 66<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2024-01-01<br> -Paragraph 67<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_67&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DilutedEarningsLossPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-2022:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DilutedEarningsLossPerShareFromContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Diluted earnings (loss) per share from continuing operations. [Refer: Continuing operations, unless line item indicates otherwise [member]; Diluted earnings (loss) per share]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2024-01-01<br> -Paragraph 66<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2024-01-01<br> -Paragraph 67<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_67&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DilutedEarningsLossPerShareFromContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-2022:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DilutedEarningsLossPerShareFromDiscontinuedOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Diluted earnings (loss) per share from discontinued operations. [Refer: Diluted earnings (loss) per share; Discontinued operations [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2024-01-01<br> -Paragraph 68<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_68&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2024-01-01<br> -Paragraph 67<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_67&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DilutedEarningsLossPerShareFromDiscontinuedOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-2022:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of costs associated with financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 82<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_82_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of income associated with interest and other financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 85<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceIncomeCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of income or cost associated with interest and other financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 85<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceIncomeCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsLossesOnDisposalsOfNoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) on disposals of non-current assets. [Refer: Non-current assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesOnDisposalsOfNoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of expense relating to general and administrative activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeneralAndAdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GrossProfit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of revenue less cost of sales. [Refer: Cost of sales; Revenue]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 103<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GrossProfit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxExpenseContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax. [Refer: Current tax expense (income); Deferred tax expense (income)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2024-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause viii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=26&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_35_b_viii&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2024-01-01<br> -Paragraph 23<br> -Subparagraph h<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_23_h&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph 79<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_79&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_81_c_ii&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph B13<br> -Subparagraph g<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_B13_g&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2024-03-27<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 82<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_82_d&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxExpenseContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherOperatingIncomeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of operating income (expense) that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 85<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherOperatingIncomeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 18<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2024-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2024-01-01<br> -Paragraph 23<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 6: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2024-03-27<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 17<br> -IssueDate 2024-01-01<br> -Paragraph 113<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=17&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_113_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToNoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing and discontinued operations attributable to non-controlling interests. [Refer: Profit (loss); Non-controlling interests]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph 12<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_12_e&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 81B<br> -Subparagraph a<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_81B_a_i&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToNoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing and discontinued operations attributable to owners of the parent. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 81B<br> -Subparagraph a<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_81B_a_ii&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToOwnersOfParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) before tax expense or income. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2024-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2024-01-01<br> -Paragraph 23<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2024-01-01<br> -Paragraph 33<br> -Subparagraph b<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_33_b_i&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 103<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 102<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossFromContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing operations. [Refer: Continuing operations, unless line item indicates otherwise [member]; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2024-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause vi<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_B12_b_vi&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2024-01-01<br> -Paragraph 23<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossFromContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossFromDiscontinuedOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from discontinued operations. [Refer: Discontinued operations [member]; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2024-01-01<br> -Paragraph 33<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_33_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause vii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_B12_b_vii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 98<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_98_e&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 82<br> -Subparagraph ea<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_82_ea&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossFromDiscontinuedOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Revenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The income arising in the course of an entity's ordinary activities. Income is increases in assets, or decreases in liabilities, that result in increases in equity, other than those relating to contributions from holders of equity claims.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2024-01-01<br> -Paragraph 28<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_28_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2024-01-01<br> -Paragraph 23<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_23_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2024-01-01<br> -Paragraph 32<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_32&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2024-01-01<br> -Paragraph 33<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_33_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2024-01-01<br> -Paragraph 34<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2024-01-01<br> -Paragraph 33<br> -Subparagraph b<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_33_b_i&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause v<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_B12_b_v&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2024-03-27<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2024-03-27<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 82<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_82_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 10: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 103<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 11: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 102<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Revenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SalesAndMarketingExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of expense relating to the marketing and selling of goods or services.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 85<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SalesAndMarketingExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entity's share of the profit (loss) of associates and joint ventures accounted for using the equity method. [Refer: Total for all associates [member]; Investments accounted for using equity method; Total for all joint ventures [member]; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2024-01-01<br> -Paragraph 28<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_28_e&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2024-01-01<br> -Paragraph 23<br> -Subparagraph g<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_23_g&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 82<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_82_c&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of amortization of fair value adjustment on investment accounted for using equity method.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AmortizationOfFairValueAdjustmentOnInvestmentAccountedForUsingEquityMethod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_EarningsLossPerShareAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_EarningsLossPerShareAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_EarningsLossPerShareFromContinuingOperationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_EarningsLossPerShareFromContinuingOperationsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_EarningsLossPerShareFromDiscontinuedOperationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_EarningsLossPerShareFromDiscontinuedOperationsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Operating income before financial income (expenses) and income and social contribution taxes.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_OperatingIncomeBeforeFinancialIncomeExpensesAndIncomeAndSocialContributionTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Total of Operating income before financial income or expenses and share of profit or loss of joint ventures and associate.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_OperatingIncomeExpensesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Operating Income Expenses [abstract]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_OperatingIncomeExpensesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_ProfitLossFromContinuingOperationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_ProfitLossFromContinuingOperationsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeAdjustments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of share of profit (loss) of associates and joint ventures accounted for using equity method before adjustments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeAdjustments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Consolidated statements of comprehensive income - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2024</div></th>
<th class="th"><div>Dec. 31, 2023</div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_StatementOfComprehensiveIncomeAbstract', window );"><strong>Consolidated statements of comprehensive income</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Net income for the year, attributable to shareholders of Ultrapar</a></td>
<td class="nump">R$ 2,362,740<span></span>
</td>
<td class="nump">R$ 2,439,795<span></span>
</td>
<td class="nump">R$ 1,800,839<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToNoncontrollingInterests', window );">Net income for the year, attributable to non-controlling interests in subsidiaries</a></td>
<td class="nump">163,160<span></span>
</td>
<td class="nump">77,958<span></span>
</td>
<td class="nump">39,230<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income for the year</a></td>
<td class="nump">2,525,900<span></span>
</td>
<td class="nump">2,517,753<span></span>
</td>
<td class="nump">1,840,069<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract', window );"><strong>Items that will be subsequently reclassified to profit or loss:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome', window );">Fair value adjustments of financial instruments of subsidiaries, joint ventures and associates, net of income and social contribution taxes</a></td>
<td class="nump">8,495<span></span>
</td>
<td class="num">(7,399)<span></span>
</td>
<td class="nump">602,480<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations', window );">Translation adjustments of associates, net of income and social contribution taxes</a></td>
<td class="nump">36,134<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(304,645)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract', window );"><strong>Items that will not be subsequently reclassified to profit or loss:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans', window );">Actuarial gains (losses) of post-employment benefits, net of income and social contribution taxes</a></td>
<td class="nump">25,218<span></span>
</td>
<td class="num">(32,971)<span></span>
</td>
<td class="num">(165)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income for the year</a></td>
<td class="nump">2,595,747<span></span>
</td>
<td class="nump">2,477,383<span></span>
</td>
<td class="nump">2,137,739<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent', window );">Total comprehensive income for the year attributable to shareholders of Ultrapar</a></td>
<td class="nump">2,422,844<span></span>
</td>
<td class="nump">2,413,929<span></span>
</td>
<td class="nump">2,098,306<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests', window );">Total comprehensive income for the year attributable to non-controlling interests in subsidiaries</a></td>
<td class="nump">R$ 172,903<span></span>
</td>
<td class="nump">R$ 63,454<span></span>
</td>
<td class="nump">R$ 39,433<span></span>
</td>
</tr>
</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2024-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ix<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_B12_b_ix&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2024-03-27<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 106<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_106_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 81A<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_81A_c&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of comprehensive income attributable to non-controlling interests. [Refer: Comprehensive income; Non-controlling interests]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 106<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_106_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 81B<br> -Subparagraph b<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_81B_b_i&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests</td>
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<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of comprehensive income attributable to owners of the parent. [Refer: Comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 106<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_106_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 81B<br> -Subparagraph b<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_81B_b_ii&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
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</tr>
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</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of other comprehensive income, net of tax, after reclassification adjustments, that is the aggregate of exchange differences on translation of financial statements of foreign operations and hedges of net investments in foreign operations. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 91<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOfForeignOperationsAndHedgesOfNetInvestmentsInForeignOperations</td>
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</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of other comprehensive income, net of tax, after reclassification adjustments, related to financial assets measured at fair value through other comprehensive income applying paragraph 4.1.2A of IFRS 9. [Refer: Financial assets measured at fair value through other comprehensive income; Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 91<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 7<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of other comprehensive income, net of tax, related to gains (losses) on remeasurements of defined benefit plans, which comprise actuarial gains and losses; the return on plan assets, excluding amounts included in net interest on the net defined benefit liability (asset); and any change in the effect of the asset ceiling, excluding amounts included in net interest on the net defined benefit liability (asset). [Refer: Other comprehensive income; Defined benefit plans [domain]; Plan assets [member]; Net defined benefit liability (asset)] [Contrast: Decrease (increase) in net defined benefit liability (asset) resulting from gain (loss) on remeasurement in other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 91<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 7<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2024-01-01<br> -Paragraph 135<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_135_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 18<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2024-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2024-01-01<br> -Paragraph 23<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 6: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2024-03-27<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 17<br> -IssueDate 2024-01-01<br> -Paragraph 113<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=17&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_113_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToNoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing and discontinued operations attributable to non-controlling interests. [Refer: Profit (loss); Non-controlling interests]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph 12<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_12_e&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 81B<br> -Subparagraph a<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_81B_a_i&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToNoncontrollingInterests</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing and discontinued operations attributable to owners of the parent. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 81B<br> -Subparagraph a<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_81B_a_ii&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToOwnersOfParent</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_StatementOfComprehensiveIncomeAbstract</td>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Consolidated statements of changes in equity - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Total</div></th>
<th class="th"><div>Share capital</div></th>
<th class="th"><div>Equity instrument granted</div></th>
<th class="th"><div>Capital reserve</div></th>
<th class="th"><div>Treasury shares</div></th>
<th class="th"><div>Revaluation reserve on subsidiaries</div></th>
<th class="th"><div>Legal Reserve</div></th>
<th class="th"><div>Investments statutory reserve</div></th>
<th class="th" colspan="2"><div>Accumulated other comprehensive income</div></th>
<th class="th"><div>Retained earnings</div></th>
<th class="th"><div>Additional dividends to the minimum mandatory dividends</div></th>
<th class="th"><div>Shareholders of the Company</div></th>
<th class="th"><div>Non-controlling interests</div></th>
<th class="th"><sup>[2]</sup></th>
</tr>
<tr class="rc">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Equity', window );">Beginning balance at Dec. 31, 2021</a></td>
<td class="nump">R$ 10,469,240<span></span>
</td>
<td class="nump">R$ 5,171,752<span></span>
</td>
<td class="nump">R$ 34,043<span></span>
</td>
<td class="nump">R$ 596,481<span></span>
</td>
<td class="num">R$ (488,425)<span></span>
</td>
<td class="nump">R$ 4,154<span></span>
</td>
<td class="nump">R$ 792,533<span></span>
</td>
<td class="nump">R$ 4,073,876<span></span>
</td>
<td class="num">R$ (117,493)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 10,066,921<span></span>
</td>
<td colspan="2" class="nump">R$ 402,319<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income for the year</a></td>
<td class="nump">1,840,069<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">R$ 1,800,839<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,800,839<span></span>
</td>
<td colspan="2" class="nump">39,230<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeAbstract', window );"><strong>Other comprehensive income:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncome', window );">Other comprehensive income</a></td>
<td class="nump">297,670<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">297,467<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">297,467<span></span>
</td>
<td colspan="2" class="nump">203<span></span>
</td>
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<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income for the year</a></td>
<td class="nump">2,137,739<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">297,467<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">1,800,839<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,098,306<span></span>
</td>
<td colspan="2" class="nump">39,433<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity', window );">Issuance of shares related to the subscription warrants - indemnification</a></td>
<td class="nump">941<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">941<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">941<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_IncreaseDecreaseThroughEquityInstrumentGranted', window );">Equity instrument granted</a></td>
<td class="nump">20,734<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9,944<span></span>
</td>
<td class="nump">2,039<span></span>
</td>
<td class="nump">8,751<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20,734<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity', window );">Realization of revaluation reserve of subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(179)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">179<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_UnclaimedDividendsForfeited', window );">Dividends prescribed</a></td>
<td class="nump">2,948<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,948<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,948<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments', window );">Shareholder transaction - changes of ownership interest</a></td>
<td class="num">(6,567)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(6)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">286<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">280<span></span>
</td>
<td colspan="2" class="num">(6,847)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl', window );">Gain due to change in ownership interest</a></td>
<td class="num">(2,423)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="num">(2,423)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests', window );">Capital increase attributable to non-controlling interests</a></td>
<td class="nump">35,182<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="nump">35,182<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests', window );">Dividends attributable to non-controlling interests</a></td>
<td class="num">(1,437)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="num">(1,437)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AllocationOfNetIncomeAbstract', window );"><strong>Allocation of net income:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity', window );">Legal reserve</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">90,042<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(90,042)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve', window );">Investments statutory reserve</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,154,691<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(1,154,691)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdditionalMinimumMandatoryDividendsRecognised', window );">Additional minimum mandatory dividend for the year (R$ 0.26 per share)</a></td>
<td class="num">(31,385)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(31,385)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(31,385)<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdditionalDividendsToMinimumMandatoryDividendsRecognised', window );">Additional dividends (R$ 0.19 per share)</a></td>
<td class="num">(78,130)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(78,130)<span></span>
</td>
<td class="nump">R$ 78,130<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_InterestOnCapitalPaid', window );">Interest on capital attributable to non-controlling interests</a></td>
<td class="num">(450,004)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(450,004)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(450,004)<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_InterimDividends', window );">Interim dividends (R$ 0.25 per share)</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Equity', window );">Ending balance at Dec. 31, 2022</a></td>
<td class="nump">12,174,968<span></span>
</td>
<td class="nump">5,171,752<span></span>
</td>
<td class="nump">43,987<span></span>
</td>
<td class="nump">599,461<span></span>
</td>
<td class="num">(479,674)<span></span>
</td>
<td class="nump">3,975<span></span>
</td>
<td class="nump">882,575<span></span>
</td>
<td class="nump">5,228,561<span></span>
</td>
<td class="nump">179,974<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">78,130<span></span>
</td>
<td class="nump">11,708,741<span></span>
</td>
<td colspan="2" class="nump">466,227<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income for the year</a></td>
<td class="nump">2,517,753<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,439,795<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,439,795<span></span>
</td>
<td colspan="2" class="nump">77,958<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeAbstract', window );"><strong>Other comprehensive income:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncome', window );">Other comprehensive income</a></td>
<td class="num">(40,370)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(25,866)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(25,866)<span></span>
</td>
<td colspan="2" class="num">(14,504)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income for the year</a></td>
<td class="nump">2,477,383<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(25,866)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,439,795<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,413,929<span></span>
</td>
<td colspan="2" class="nump">63,454<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity', window );">Issuance of shares related to the subscription warrants - indemnification</a></td>
<td class="nump">560<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">560<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">560<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_IncreaseDecreaseThroughEquityInstrumentGranted', window );">Equity instrument granted</a></td>
<td class="nump">38,909<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">31,938<span></span>
</td>
<td class="num">(2,193)<span></span>
</td>
<td class="nump">9,164<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">38,909<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity', window );">Realization of revaluation reserve of subsidiaries</a></td>
<td class="num">(113)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(173)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">60<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(113)<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_IncreaseDecreaseThroughCapitalIncreaseWithReserves', window );">Capital increase with reserves</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,450,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(882,575)<span></span>
</td>
<td class="num">(567,425)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost', window );">Loss due to change in ownership interest</a></td>
<td class="num">(45)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="num">(45)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_UnclaimedDividendsForfeited', window );">Dividends prescribed</a></td>
<td class="nump">2,048<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,048<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,048<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders', window );">Special reserve for mandatory dividend not distributed to non-controlling shareholders</a></td>
<td class="num">(11,145)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="num">(11,145)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments', window );">Shareholder transaction - changes of ownership interest</a></td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary', window );">Non-controlling interest in acquired subsidiary</a></td>
<td class="nump">24,303<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="nump">24,303<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests', window );">Dividends attributable to non-controlling interests</a></td>
<td class="num">(19,463)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="num">(19,463)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DividendsRecognisedAsDistributionsToOwnersOfParent', window );">Approval of additional dividends by the Ordinary General Shareholders' Meeting</a></td>
<td class="num">(78,130)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(78,130)<span></span>
</td>
<td class="num">(78,130)<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AllocationOfNetIncomeAbstract', window );"><strong>Allocation of net income:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity', window );">Legal reserve</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">121,990<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(121,990)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve', window );">Investments statutory reserve</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,606,431<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(1,606,431)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdditionalMinimumMandatoryDividendsRecognised', window );">Additional minimum mandatory dividend for the year (R$ 0.26 per share)</a></td>
<td class="num">(305,653)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(305,653)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(305,653)<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdditionalDividendsToMinimumMandatoryDividendsRecognised', window );">Additional dividends (R$ 0.19 per share)</a></td>
<td class="num">(134,031)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(134,031)<span></span>
</td>
<td class="nump">134,031<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_InterimDividends', window );">Interim dividends (R$ 0.25 per share)</a></td>
<td class="num">(273,798)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(273,798)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(273,798)<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Equity', window );">Ending balance at Dec. 31, 2023</a></td>
<td class="nump">14,029,826<span></span>
</td>
<td class="nump">6,621,752<span></span>
</td>
<td class="nump">75,925<span></span>
</td>
<td class="nump">597,828<span></span>
</td>
<td class="num">(470,510)<span></span>
</td>
<td class="nump">3,802<span></span>
</td>
<td class="nump">121,990<span></span>
</td>
<td class="nump">6,267,569<span></span>
</td>
<td class="nump">154,108<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">0<span></span>
</td>
<td class="nump">134,031<span></span>
</td>
<td class="nump">13,506,495<span></span>
</td>
<td colspan="2" class="nump">523,331<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income for the year</a></td>
<td class="nump">2,525,900<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,362,740<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,362,740<span></span>
</td>
<td colspan="2" class="nump">163,160<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeAbstract', window );"><strong>Other comprehensive income:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncome', window );">Other comprehensive income</a></td>
<td class="nump">69,847<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">60,104<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">60,104<span></span>
</td>
<td colspan="2" class="nump">9,743<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income for the year</a></td>
<td class="nump">2,595,747<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">60,104<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,362,740<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,422,844<span></span>
</td>
<td colspan="2" class="nump">172,903<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity', window );">Issuance of shares related to the subscription warrants - indemnification</a></td>
<td class="nump">6,452<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6,452<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6,452<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_IncreaseDecreaseThroughEquityInstrumentGranted', window );">Equity instrument granted</a></td>
<td class="nump">57,458<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">32,328<span></span>
</td>
<td class="nump">2,069<span></span>
</td>
<td class="nump">23,055<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">57,452<span></span>
</td>
<td colspan="2" class="nump">6<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PurchaseOfTreasuryShares', window );">Purchase of treasury shares</a></td>
<td class="num">(148,945)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(148,945)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(148,945)<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity', window );">Realization of revaluation reserve of subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(170)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">170<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_IncreaseDecreaseThroughReserveConstitution', window );">Reserve constitution</a></td>
<td class="nump">5,663<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,699<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,699<span></span>
</td>
<td colspan="2" class="num">(36)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_UnclaimedDividendsForfeited', window );">Dividends prescribed</a></td>
<td class="nump">3,369<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">3,369<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,369<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments', window );">Shareholder transaction - changes of ownership interest</a></td>
<td class="nump">843<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">534<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">534<span></span>
</td>
<td colspan="2" class="nump">309<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary', window );">Non-controlling interest in acquired subsidiary</a></td>
<td class="nump">112,160<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="nump">112,160<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests', window );">Dividends attributable to non-controlling interests</a></td>
<td class="num">(38,357)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="num">(38,357)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DividendsRecognisedAsDistributionsToOwnersOfParent', window );">Approval of additional dividends by the Ordinary General Shareholders' Meeting</a></td>
<td class="num">(134,031)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(134,031)<span></span>
</td>
<td class="num">(134,031)<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AllocationOfNetIncomeAbstract', window );"><strong>Allocation of net income:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity', window );">Legal reserve</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">118,137<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(118,137)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve', window );">Investments statutory reserve</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,479,404<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(1,479,404)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdditionalMinimumMandatoryDividendsRecognised', window );">Additional minimum mandatory dividend for the year (R$ 0.26 per share)</a></td>
<td class="num">(285,180)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(285,180)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(285,180)<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdditionalDividendsToMinimumMandatoryDividendsRecognised', window );">Additional dividends (R$ 0.19 per share)</a></td>
<td class="num">(208,121)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(208,121)<span></span>
</td>
<td class="nump">208,121<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_InterestOnCapitalPaid', window );">Interest on capital attributable to non-controlling interests</a></td>
<td class="num">(105,590)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="num">(105,590)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_InterimDividends', window );">Interim dividends (R$ 0.25 per share)</a></td>
<td class="num">(275,971)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(275,971)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(275,971)<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Equity', window );">Ending balance at Dec. 31, 2024</a></td>
<td class="nump">R$ 15,823,444<span></span>
</td>
<td class="nump">R$ 6,621,752<span></span>
</td>
<td class="nump">R$ 108,253<span></span>
</td>
<td class="nump">R$ 612,048<span></span>
</td>
<td class="num">R$ (596,400)<span></span>
</td>
<td class="nump">R$ 3,632<span></span>
</td>
<td class="nump">R$ 240,127<span></span>
</td>
<td class="nump">R$ 7,746,973<span></span>
</td>
<td class="nump">R$ 214,212<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">R$ 0<span></span>
</td>
<td class="nump">R$ 208,121<span></span>
</td>
<td class="nump">R$ 15,158,718<span></span>
</td>
<td colspan="2" class="nump">R$ 664,726<span></span>
</td>
</tr>
<tr><td colspan="16"></td></tr>
<tr><td colspan="16"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Considers cumulative translation adjustment from discontinued operations. The accumulated effects were reclassified to income as a result of the sale of Oxiteno.<span style="font-family: 'times new roman', times; font-size: 10pt;">The accompanying notes are an integral part of the financial statements.</span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">Are substantially represented by non-controlling shareholders of Iconic.</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2024-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ix<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_B12_b_ix&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2024-03-27<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 106<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_106_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 81A<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_81A_c&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends recognised as distributions to non-controlling interests. [Refer: Non-controlling interests]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsRecognisedAsDistributionsToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends recognised as distributions to owners of the parent. [Refer: Parent [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsRecognisedAsDistributionsToOwnersOfParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Equity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 24<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2024-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2024-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2024-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Equity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) recognised in association with the loss of control over a subsidiary, which are attributable to the former controlling interest.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph 19<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_19&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity resulting from the acquisition of subsidiaries. [Refer: Total for all subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity through changes in ownership interests in subsidiaries that do not result in loss of control. [Refer: Total for all subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_106_d_iii&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity resulting from changes that the entity does not separately disclose in the same statement or note. [Refer: Equity]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of income and expense (including reclassification adjustments) that is not recognised in profit or loss as required or permitted by IFRSs. [Refer: IFRSs [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause viii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_B12_b_viii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 91<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_106_d_ii&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 81A<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_81A_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncomeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 18<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2024-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2024-01-01<br> -Paragraph 23<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 6: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2024-03-27<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 17<br> -IssueDate 2024-01-01<br> -Paragraph 113<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=17&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_113_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PurchaseOfTreasuryShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The decrease in equity resulting from the purchase of treasury shares. [Refer: Treasury shares]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PurchaseOfTreasuryShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_AdditionalDividendsToMinimumMandatoryDividendsRecognised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of additional dividends to minimum mandatory dividends recognised as distributions to owners during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AdditionalDividendsToMinimumMandatoryDividendsRecognised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_AdditionalMinimumMandatoryDividendsRecognised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of additional minimum mandatory dividends recognised as distributions to owners during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AdditionalMinimumMandatoryDividendsRecognised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_AllocationOfNetIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Allocation of net income [abstract]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AllocationOfNetIncomeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity resulting from allocation of net income - Investments statutory reserve.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_IncreaseDecreaseThroughAllocationOfNetIncomeInvestmentsStatutoryReserve</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_IncreaseDecreaseThroughCapitalIncreaseWithReserves">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the entity's equity resulting from capital increase with reserves.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_IncreaseDecreaseThroughCapitalIncreaseWithReserves</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity resulting from capital increase attributable to non-controlling interests.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_IncreaseDecreaseThroughChangeInEquityAttributableToNonControllingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_IncreaseDecreaseThroughEquityInstrumentGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity resulting from equity instrument granted.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_IncreaseDecreaseThroughEquityInstrumentGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity resulting from issuance of shares related to the subscription warrants - indemnification.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_IncreaseDecreaseThroughIssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity resulting from realization of revaluation reserve of subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_IncreaseDecreaseThroughRealizationOfRevaluationReserveOfSubsidiariesEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_IncreaseDecreaseThroughReserveConstitution">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of increase (decrease) through reserve constitution.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_IncreaseDecreaseThroughReserveConstitution</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity resulting from changes of investments arising from shareholder transaction.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_IncreaseDecreaseThroughShareholderTransactionChangesOfInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_InterestOnCapitalPaid">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of interest on capital paid during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_InterestOnCapitalPaid</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_InterimDividends">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of interim dividends recognised as distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_InterimDividends</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the special reserve for mandatory dividend not distributed to non-controlling shareholders.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_SpecialReserveForMandatoryDividendNotDistributedToNoncontrollingShareholders</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_UnclaimedDividendsForfeited">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of unclaimed dividends forfeited during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_UnclaimedDividendsForfeited</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Consolidated statements of changes in equity (Parenthetical) - R$ / shares<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2024</div></th>
<th class="th"><div>Dec. 31, 2023</div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_StatementOfChangesInEquityAbstract', window );"><strong>Consolidated statements of changes in equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdditionalMinimumMandatoryDividendsRecognisedPerShare', window );">Additional minimum mandatory dividend, per share</a></td>
<td class="nump">R$ 0.26<span></span>
</td>
<td class="nump">R$ 0.28<span></span>
</td>
<td class="nump">R$ 0.03<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare', window );">Additional dividends to the minimum mandatory dividends, per share</a></td>
<td class="nump">0.19<span></span>
</td>
<td class="nump">0.12<span></span>
</td>
<td class="nump">0.07<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_InterestOnCapitalPaidPerShare', window );">Interest on capital, per share</a></td>
<td class="nump">R$ 0.25<span></span>
</td>
<td class="nump">R$ 0.25<span></span>
</td>
<td class="nump">R$ 0.41<span></span>
</td>
</tr>
</table>
<div style="display: none;">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_StatementOfChangesInEquityAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount, per share, of additional dividends to minimum mandatory dividends recognised as distributions to owners during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AdditionalDividendsToMinimumMandatoryDividendsRecognisedPerShare</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount, per share, of additional minimum mandatory dividends recognised as distributions to owners during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AdditionalMinimumMandatoryDividendsRecognisedPerShare</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
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<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_InterestOnCapitalPaidPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount, per share, of interest on capital paid during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_InterestOnCapitalPaidPerShare</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
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<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<DOCUMENT>
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<FILENAME>R7.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Consolidated statements of cash flows - indirect method - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2024</div></th>
<th class="th"><div>Dec. 31, 2023</div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract', window );"><strong>Cash flows from operating activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLossFromContinuingOperations', window );">Net income from continuing operations</a></td>
<td class="nump">R$ 2,525,900<span></span>
</td>
<td class="nump">R$ 2,517,753<span></span>
</td>
<td class="nump">R$ 1,538,211<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdjustmentsForReconcileProfitLossAbstract', window );"><strong>Adjustments to reconcile net income to cash provided (consumed) by operating activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdjustmentsForUndistributedProfitsAndAmortizationOfFairValueAdjustmentsOfInvestmentsAccountedForUsingEquityMethod', window );">Share of profit (loss) of subsidiaries, joint ventures and associates and amortization of fair value adjustments on associates acquisition</a></td>
<td class="nump">129,675<span></span>
</td>
<td class="num">(11,908)<span></span>
</td>
<td class="num">(12,181)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers', window );">Amortization of contractual assets with customers - exclusivity rights</a></td>
<td class="nump">555,083<span></span>
</td>
<td class="nump">607,446<span></span>
</td>
<td class="nump">504,907<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdjustmentsForAmortizationOfRightOfUseAssets', window );">Amortization of right-of-use assets</a></td>
<td class="nump">312,060<span></span>
</td>
<td class="nump">305,900<span></span>
</td>
<td class="nump">288,419<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense', window );">Depreciation and amortization</a></td>
<td class="nump">900,673<span></span>
</td>
<td class="nump">848,894<span></span>
</td>
<td class="nump">738,904<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdjustmentsForInterestAndForeignExchangeRateVariations', window );">Interest, derivatives, monetary variations and foreign exchange variations</a></td>
<td class="nump">1,557,814<span></span>
</td>
<td class="nump">1,349,953<span></span>
</td>
<td class="nump">1,625,987<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdjustmentsForCurrentTaxExpenseAndDeferredTaxExpense', window );">Current and deferred income and social contribution taxes</a></td>
<td class="nump">1,485,617<span></span>
</td>
<td class="nump">1,060,942<span></span>
</td>
<td class="nump">341,514<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets', window );">Gain (loss) on disposal or write-off of property, plant and equipment, intangible assets and other assets</a></td>
<td class="num">(207,076)<span></span>
</td>
<td class="num">(192,744)<span></span>
</td>
<td class="num">(322,190)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdjustmentsForSharebasedPayments', window );">Equity instrument granted</a></td>
<td class="nump">57,458<span></span>
</td>
<td class="nump">38,909<span></span>
</td>
<td class="nump">9,944<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdjustmentsForGainLossOnFairValueOfEnergyContracts', window );">Gain (loss) on the fair value of energy contracts</a></td>
<td class="num">(64,287)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdjustmentsForProvisionOfDecarbonization', window );">Provision for&#160;decarbonization&#160;- CBIO and carbon credits</a></td>
<td class="nump">584,371<span></span>
</td>
<td class="nump">740,298<span></span>
</td>
<td class="nump">638,542<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdjustmentsForOtherProvisionsAndAdjustments', window );">Other provisions and adjustments</a></td>
<td class="num">(16,069)<span></span>
</td>
<td class="nump">147,800<span></span>
</td>
<td class="nump">44,793<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital', window );">Cash flows from operations before changes in working capital</a></td>
<td class="nump">7,821,219<span></span>
</td>
<td class="nump">7,413,243<span></span>
</td>
<td class="nump">5,396,850<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_IncreaseDecreaseInAssetsAbstract', window );"><strong>(Increase) decrease in assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable', window );">Trade receivables and reseller financing</a></td>
<td class="nump">180,339<span></span>
</td>
<td class="nump">259,878<span></span>
</td>
<td class="num">(779,239)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDecreaseIncreaseInInventories', window );">Inventories</a></td>
<td class="nump">371,244<span></span>
</td>
<td class="nump">645,301<span></span>
</td>
<td class="num">(1,004,819)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdjustmentsForDecreaseIncreaseInRecoverableTaxes', window );">Recoverable taxes</a></td>
<td class="num">(1,642,714)<span></span>
</td>
<td class="num">(1,201,440)<span></span>
</td>
<td class="num">(2,056,104)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities', window );">Dividends received from subsidiaries, associates and joint ventures</a></td>
<td class="nump">2,028<span></span>
</td>
<td class="nump">12,041<span></span>
</td>
<td class="nump">146<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets', window );">Other assets</a></td>
<td class="num">(114,528)<span></span>
</td>
<td class="num">(87,797)<span></span>
</td>
<td class="num">(224,379)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_IncreaseDecreaseInLiabilitiesAbstract', window );"><strong>Increase (decrease) in liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable', window );">Trade payables and trade payables - reverse factoring</a></td>
<td class="num">(1,209,636)<span></span>
</td>
<td class="num">(1,700,496)<span></span>
</td>
<td class="nump">1,557,837<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges', window );">Salaries and related charges</a></td>
<td class="num">(17,019)<span></span>
</td>
<td class="nump">30,965<span></span>
</td>
<td class="nump">130,586<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdjustmentsForIncreaseDecreaseInTaxesPayable', window );">Taxes payable</a></td>
<td class="num">(23,512)<span></span>
</td>
<td class="num">(25,027)<span></span>
</td>
<td class="num">(9,442)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities', window );">Other liabilities</a></td>
<td class="num">(160,331)<span></span>
</td>
<td class="nump">218,523<span></span>
</td>
<td class="nump">677,016<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdjustmentsForIncreaseDecreaseInAcquisitionOfDecarbonizationCredits', window );">Acquisition of CBIO and carbon credits</a></td>
<td class="num">(713,453)<span></span>
</td>
<td class="num">(778,885)<span></span>
</td>
<td class="num">(635,130)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdjustmentsForIncreaseDecreaseInNonCurrentPaymentsOfContractualAssetsWithCustomersExclusiveRights', window );">Payments of contractual assets with customers - exclusivity rights</a></td>
<td class="num">(418,250)<span></span>
</td>
<td class="num">(597,798)<span></span>
</td>
<td class="num">(710,908)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdjustmentsForIncreaseDecreaseInPaymentsOfContingencies', window );">Payment of contingencies</a></td>
<td class="num">(30,896)<span></span>
</td>
<td class="num">(70,128)<span></span>
</td>
<td class="num">(84,939)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdjustmentsForIncreaseDecreaseInLiabilitiesFromIncomeAndSocialContributionTaxesPaid', window );">Income and social contribution taxes paid</a></td>
<td class="num">(308,915)<span></span>
</td>
<td class="num">(268,558)<span></span>
</td>
<td class="num">(283,331)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations', window );">Net cash provided by operating activities from continuing operations</a></td>
<td class="nump">3,735,576<span></span>
</td>
<td class="nump">3,849,822<span></span>
</td>
<td class="nump">1,974,144<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations', window );">Net cash provided by operating activities from discontinued operations</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">30,550<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivities', window );">Net cash provided by operating activities</a></td>
<td class="nump">3,735,576<span></span>
</td>
<td class="nump">3,849,822<span></span>
</td>
<td class="nump">2,004,694<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract', window );"><strong>Cash flows from investing activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_FinancialInvestmentsNetOfRedemptions', window );">Financial investments, net of redemptions</a></td>
<td class="num">(4,202,032)<span></span>
</td>
<td class="nump">73,973<span></span>
</td>
<td class="nump">1,567,962<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities', window );">Acquisition of property, plant and equipment and intangible assets</a></td>
<td class="num">(1,787,175)<span></span>
</td>
<td class="num">(1,287,330)<span></span>
</td>
<td class="num">(1,206,836)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_CashReceiptsFromRepaymentOfLoansMadeToRelatedParties', window );">Receipt of intercompany loan owed by Oxiteno S.A. to Ultrapar International</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">3,980,699<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities', window );">Cash provided by disposal of investments and property, plant and equipment</a></td>
<td class="nump">1,386,252<span></span>
</td>
<td class="nump">512,827<span></span>
</td>
<td class="nump">2,839,676<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities', window );">Capital increase in joint ventures</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(28,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherCashReceiptsFromSalesOfInterestsInJointVenturesClassifiedAsInvestingActivities', window );">Capital decrease in joint ventures</a></td>
<td class="nump">522<span></span>
</td>
<td class="nump">3,100<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_NetCashConsumedInPurchaseOfinvestmentsSaleTransactionAndOtherAssets', window );">Net cash consumed in the purchase of investments and other assets</a></td>
<td class="num">(1,785,517)<span></span>
</td>
<td class="num">(324,125)<span></span>
</td>
<td class="nump">969,790<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations', window );">Net cash provided (consumed) by investing activities from continuing operations</a></td>
<td class="num">(6,387,950)<span></span>
</td>
<td class="num">(1,021,555)<span></span>
</td>
<td class="nump">8,123,291<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations', window );">Net cash consumed by investing activities from discontinued operations</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(220,190)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivities', window );">Net cash provided (consumed) by investing activities</a></td>
<td class="num">(6,387,950)<span></span>
</td>
<td class="num">(1,021,555)<span></span>
</td>
<td class="nump">7,903,101<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_BorrowingsClassifiedAsFinancingActivitiesAbstract', window );"><strong>Loans, financing and debentures</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities', window );">Proceeds</a></td>
<td class="nump">4,179,974<span></span>
</td>
<td class="nump">2,903,031<span></span>
</td>
<td class="nump">1,519,580<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities', window );">Repayments</a></td>
<td class="num">(2,718,953)<span></span>
</td>
<td class="num">(3,149,525)<span></span>
</td>
<td class="num">(5,848,611)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_InterestPaidForBorrowingsClassifiedAsFinancingActivities', window );">Interest and derivatives (paid) or received</a></td>
<td class="num">(1,117,562)<span></span>
</td>
<td class="num">(1,267,447)<span></span>
</td>
<td class="num">(1,398,229)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesAbstract', window );"><strong>Payments of lease</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities', window );">Principal</a></td>
<td class="num">(285,404)<span></span>
</td>
<td class="num">(213,527)<span></span>
</td>
<td class="num">(351,011)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities', window );">Interest paid</a></td>
<td class="num">(148,084)<span></span>
</td>
<td class="num">(145,586)<span></span>
</td>
<td class="num">(6,868)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DividendsPaidClassifiedAsFinancingActivities', window );">Dividends paid</a></td>
<td class="num">(833,658)<span></span>
</td>
<td class="num">(400,025)<span></span>
</td>
<td class="num">(638,280)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities', window );">Proceeds from financial liabilities of customers</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">7,812<span></span>
</td>
<td class="nump">162,895<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities', window );">Payments of financial liabilities of customers</a></td>
<td class="num">(159,897)<span></span>
</td>
<td class="num">(197,891)<span></span>
</td>
<td class="num">(173,948)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProceedsFromContributionsOfNoncontrollingInterests', window );">Capital increase made by non-controlling shareholders and redemption of shares</a></td>
<td class="nump">13,500<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">21,682<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_RepurchaseOfTreasuryShares', window );">Repurchase of treasury shares</a></td>
<td class="num">(148,945)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashRepaymentsOfAdvancesAndLoansFromRelatedParties', window );">Related parties</a></td>
<td class="num">(15,073)<span></span>
</td>
<td class="num">(31,238)<span></span>
</td>
<td class="num">(18,926)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations', window );">Net cash consumed by financing activities from continuing operations</a></td>
<td class="num">(1,234,102)<span></span>
</td>
<td class="num">(2,494,396)<span></span>
</td>
<td class="num">(6,731,716)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations', window );">Net cash consumed by financing activities from discontinued operations</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(179,025)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivities', window );">Net cash consumed by financing activities</a></td>
<td class="num">(1,234,102)<span></span>
</td>
<td class="num">(2,494,396)<span></span>
</td>
<td class="num">(6,910,741)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_EffectOfExchangeRateChangesOnCashAndCashEquivalentsContinuingOperations', window );">Effect of exchange rate changes on cash and cash equivalents in foreign currency - continuing operations</a></td>
<td class="nump">32,381<span></span>
</td>
<td class="num">(29,952)<span></span>
</td>
<td class="num">(24,024)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations', window );">Effect of exchange rate changes on cash and cash equivalents in foreign currency - discontinued operations</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(19,316)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations', window );">Increase (decrease) in cash and cash equivalents &#8211; continuing operations</a></td>
<td class="num">(3,854,095)<span></span>
</td>
<td class="nump">303,919<span></span>
</td>
<td class="nump">3,341,695<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations', window );">Decrease in cash and cash equivalents - discontinued operations</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(387,981)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents at the beginning of the year &#8211; continuing operations</a></td>
<td class="nump">5,925,688<span></span>
</td>
<td class="nump">5,621,769<span></span>
</td>
<td class="nump">2,280,074<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale', window );">Cash and cash equivalents at the beginning of the year &#8211;&#160;discontinuied&#160;operations</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">387,981<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents at the end of the year &#8211; continuing operations</a></td>
<td class="nump">2,071,593<span></span>
</td>
<td class="nump">5,925,688<span></span>
</td>
<td class="nump">5,621,769<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale', window );">Cash and cash equivalents at the end of the year &#8211; discontinued operations</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_NonCashTransactionsAbstract', window );"><strong>Non-cash transactions:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdditionOnRightToUseAssetsAndLeasesPayable', window );">Addition on right-of-use assets and leases payable</a></td>
<td class="nump">342,332<span></span>
</td>
<td class="nump">257,201<span></span>
</td>
<td class="nump">482,439<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights', window );">Addition on contractual assets with customers - exclusivity rights</a></td>
<td class="nump">5,627<span></span>
</td>
<td class="nump">66,565<span></span>
</td>
<td class="nump">63,061<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdjustmentsForNonCashReclassificationBetweenFinancialAssetsAndInvestmentInAssociates', window );">Reclassification between financial assets and investment in associates</a></td>
<td class="nump">645,333<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_NonCashTransferBetweenTradeReceivablesAndPropertyPlantAndEquipment', window );">Transfer between trade receivables and other assets accounts</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">25,646<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination', window );">Issuance of shares related to the subscription warrants - indemnification - Extrafarma acquisition</a></td>
<td class="nump">6,452<span></span>
</td>
<td class="nump">411<span></span>
</td>
<td class="nump">942<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect', window );">Acquisition of property, plant and equipment and intangible assets without cash effect</a></td>
<td class="nump">42,180<span></span>
</td>
<td class="nump">104,177<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdjustmentsForNonCashWithdrawalOfEscrowDepositsWithTaxContingencies', window );">Withdrawal of escrow deposits with tax contingencies</a></td>
<td class="nump">610,168<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">41,888<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries', window );">Contingent consideration &#8211; acquisition of subsidiaries</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">89,640<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_NonCashContributionsOfNonControllingInterests', window );">Capital increase performed by non-controlling interests</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">13,519<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_AdjustmentsForNonCashReversionFundPrivatePension', window );">Reversal fund - private pension</a></td>
<td class="nump">R$ 0<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
<td class="nump">R$ 3,107<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForDecreaseIncreaseInInventories">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for decrease (increase) in inventories to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Inventories; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 20<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_20_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForDecreaseIncreaseInInventories</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for decrease (increase) in other assets to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Other assets; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 20<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for decrease (increase) in trade accounts receivable to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 20<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_20_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for depreciation and amortisation expense to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Depreciation and amortisation expense; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 20<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_20_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for increase (decrease) in other liabilities to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Other liabilities; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 20<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for increase (decrease) in trade accounts payable to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 20<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_20_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for losses (gains) on disposal of non-current assets to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Non-current assets; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 14<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_14&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForReconcileProfitLossAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForReconcileProfitLossAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForSharebasedPayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for share-based payments to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 20<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_20_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForSharebasedPayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of amortisation for assets recognised from the costs incurred to obtain or fulfil contracts with customers. [Refer: Assets recognised from costs to obtain or fulfil contracts with customers; Amortisation expense]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 15<br> -IssueDate 2024-01-01<br> -Paragraph 128<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=15&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_128_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 45<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph B13<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 54<br> -Subparagraph i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of cash and cash equivalents that are classified as a part of a disposal group held for sale. [Refer: Cash and cash equivalents; Disposal groups classified as held for sale [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 45<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) financing activities, which are activities that result in changes in the size and composition of the contributed equity and borrowings of the entity, from continuing and discontinued operations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 10<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 50<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) the entity's financing activities, related to continuing operations. [Refer: Continuing operations, unless line item indicates otherwise [member]; Cash flows from (used in) financing activities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2024-01-01<br> -Paragraph 33<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_33_c&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) the entity's financing activities, related to discontinued operations. [Refer: Discontinued operations [member]; Cash flows from (used in) financing activities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2024-01-01<br> -Paragraph 33<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_33_c&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) investing activities, which are the acquisition and disposal of long-term assets and other investments not included in cash equivalents, from continuing and discontinued operations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 10<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 50<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) the entity's investing activities, related to continuing operations. [Refer: Continuing operations, unless line item indicates otherwise [member]; Cash flows from (used in) investing activities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2024-01-01<br> -Paragraph 33<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_33_c&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) the entity's investing activities, related to discontinued operations. [Refer: Discontinued operations [member]; Cash flows from (used in) investing activities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2024-01-01<br> -Paragraph 33<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_33_c&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) operating activities, which are the principal revenue-producing activities of the entity and other activities that are not investing or financing activities, from continuing and discontinued operations. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 10<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 50<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) the entity's operating activities, related to continuing operations. [Refer: Continuing operations, unless line item indicates otherwise [member]; Cash flows from (used in) operating activities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2024-01-01<br> -Paragraph 33<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_33_c&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
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<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) the entity's operating activities, related to discontinued operations. [Refer: Discontinued operations [member]; Cash flows from (used in) operating activities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2024-01-01<br> -Paragraph 33<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_33_c&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash inflow (outflow) from the entity's operations before changes in working capital.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Section A Statement of cash flows for an entity other than a financial institution<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;doctype=Illustrative%20Examples&amp;dita_xref=IAS07_IE_A_TI<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 20<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashRepaymentsOfAdvancesAndLoansFromRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for repayments of advances and loans from related parties. [Refer: Total for all related parties [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 17<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashRepaymentsOfAdvancesAndLoansFromRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsPaidClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for dividends paid by the entity, classified as financing activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 31<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_31&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsPaidClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from dividends received, classified as operating activities. [Refer: Dividends received]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 31<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_31&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsReceivedClassifiedAsOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to acquire interests in joint ventures (other than payments for those instruments considered to be cash equivalents or those held for dealing or trading purposes), classified as investing activities. [Refer: Total for all joint ventures [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 16<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_16_c&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherCashReceiptsFromSalesOfInterestsInJointVenturesClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from sales of interests in joint ventures (other than receipts for those instruments considered to be cash equivalents and those held for dealing or trading purposes), classified as investing activities. [Refer: Total for all joint ventures [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 16<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_16_d&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherCashReceiptsFromSalesOfInterestsInJointVenturesClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for payment of lease liabilities, classified as financing activities. [Refer: Lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 17<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_17_e&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from borrowings obtained. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 17<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_17_c&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromContributionsOfNoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from proceeds from contributions of non-controlling interests. [Refer: Non-controlling interests]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 17<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromContributionsOfNoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossFromContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing operations. [Refer: Continuing operations, unless line item indicates otherwise [member]; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2024-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause vi<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_B12_b_vi&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2024-01-01<br> -Paragraph 23<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossFromContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to settle borrowings, classified as financing activities. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 17<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_17_d&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the acquisition of property, plant and equipment and intangible assets without cash effect.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AcquisitionOfPropertyPlantAndEquipmentAndIntangibleAssetsWithoutCashEffect</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_AdditionOnRightToUseAssetsAndLeasesPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for noncash addition on rightofuse assets and leases payable.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AdditionOnRightToUseAssetsAndLeasesPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_AdjustmentsForAmortizationOfRightOfUseAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for amortization of rightofuse assets to reconcile profit (loss) to net cash flow from (used in) operating activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AdjustmentsForAmortizationOfRightOfUseAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_AdjustmentsForCurrentTaxExpenseAndDeferredTaxExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for current tax and deferred tax expense to reconcile profit (loss) to net cash flow from (used in) operating activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AdjustmentsForCurrentTaxExpenseAndDeferredTaxExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_AdjustmentsForDecreaseIncreaseInRecoverableTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for decrease (Increase) in recoverable taxes to reconcile profit (loss) to net cash flow from (used in) operating activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AdjustmentsForDecreaseIncreaseInRecoverableTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_AdjustmentsForGainLossOnFairValueOfEnergyContracts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for gain (loss) on the fair value of energy contracts to reconcile profit (loss) to net cash flow from (used in) operating activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AdjustmentsForGainLossOnFairValueOfEnergyContracts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_AdjustmentsForIncreaseDecreaseInAcquisitionOfDecarbonizationCredits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for increase (decrease) in non-current liabilities from acquisition of decarbonization credits ("CBIO") to reconcile profit (loss) to net cash flow from (used in) operating activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AdjustmentsForIncreaseDecreaseInAcquisitionOfDecarbonizationCredits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_AdjustmentsForIncreaseDecreaseInLiabilitiesFromIncomeAndSocialContributionTaxesPaid">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for increase (decrease) in liabilities from income and social contribution taxes paid to reconcile profit (loss) to net cash flow from (used in) operating activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AdjustmentsForIncreaseDecreaseInLiabilitiesFromIncomeAndSocialContributionTaxesPaid</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_AdjustmentsForIncreaseDecreaseInNonCurrentPaymentsOfContractualAssetsWithCustomersExclusiveRights">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for increase (decrease) in noncurrent payables of contractual assets with customers  exclusive rights to reconcile profit (loss) to net cash flow from (used in) operating activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AdjustmentsForIncreaseDecreaseInNonCurrentPaymentsOfContractualAssetsWithCustomersExclusiveRights</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_AdjustmentsForIncreaseDecreaseInPaymentsOfContingencies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for increase (decrease) in non-current liabilities from payments of contingencies to reconcile profit (loss) to net cash flow from (used in) operating activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AdjustmentsForIncreaseDecreaseInPaymentsOfContingencies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for increase (decrease) in salaries and related charges to reconcile profit (loss) to net cash flow from (used in) operating activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_AdjustmentsForIncreaseDecreaseInTaxesPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for increase (decrease) in taxes payable to reconcile profit (loss) to net cash flow from (used in) operating activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AdjustmentsForIncreaseDecreaseInTaxesPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_AdjustmentsForInterestAndForeignExchangeRateVariations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for interest and foreign exchange rate variations to reconcile profit (loss) to net cash flow from (used in) operating activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AdjustmentsForInterestAndForeignExchangeRateVariations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for non-cash addition on contractual assets with customers - exclusive rights to reconcile profit (loss) to net cash flow from (used in) operating activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AdjustmentsForNonCashAdditionOnContractualAssetsWithCustomersExclusiveRights</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for non-cash contingent consideration &#8211; acquisition of subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AdjustmentsForNonCashContingentConsiderationAcquisitionOfSubsidiaries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_AdjustmentsForNonCashReclassificationBetweenFinancialAssetsAndInvestmentInAssociates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for non-cash reclassification between financial assets and investment in associates.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AdjustmentsForNonCashReclassificationBetweenFinancialAssetsAndInvestmentInAssociates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_AdjustmentsForNonCashReversionFundPrivatePension">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for non-cash reversion fund - private pension to reconcile profit (loss) to net cash flow from (used in) operating activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AdjustmentsForNonCashReversionFundPrivatePension</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_AdjustmentsForNonCashWithdrawalOfEscrowDepositsWithTaxContingencies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for non-cash withdrawal of escrow deposits with tax contingencies.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AdjustmentsForNonCashWithdrawalOfEscrowDepositsWithTaxContingencies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_AdjustmentsForOtherProvisionsAndAdjustments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for other provisions and adjustments to reconcile profit (loss) to net cash flow from (used in) operating activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AdjustmentsForOtherProvisionsAndAdjustments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_AdjustmentsForProvisionOfDecarbonization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for provision of decarbonization to reconcile profit (loss) to net cash flow from (used in) operating activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AdjustmentsForProvisionOfDecarbonization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_AdjustmentsForUndistributedProfitsAndAmortizationOfFairValueAdjustmentsOfInvestmentsAccountedForUsingEquityMethod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for undistributed profits and amortization of fair value adjustments of investments accounted for using the equity method to reconcile profit (loss) to net cash flow from (used in) operating activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_AdjustmentsForUndistributedProfitsAndAmortizationOfFairValueAdjustmentsOfInvestmentsAccountedForUsingEquityMethod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_BorrowingsClassifiedAsFinancingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_BorrowingsClassifiedAsFinancingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_CashReceiptsFromRepaymentOfLoansMadeToRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from repayment to the entity of loans made to related parties.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_CashReceiptsFromRepaymentOfLoansMadeToRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_EffectOfExchangeRateChangesOnCashAndCashEquivalentsContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The effect of exchange rate changes on cash and cash equivalents held or due - continuing operations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_EffectOfExchangeRateChangesOnCashAndCashEquivalentsContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The effect of exchange rate changes on cash and cash equivalents from discontinued operations, held or due in a foreign currency.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_EffectOfExchangeRateChangesOnCashAndCashEquivalentsDiscontinuedOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_FinancialInvestmentsNetOfRedemptions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for the financial investments, net of redemptions.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_FinancialInvestmentsNetOfRedemptions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_IncreaseDecreaseInAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for decrease (Increase) in recoverable taxes to reconcile profit (loss) to net cash flow from (used in) operating activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_IncreaseDecreaseInAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in cash and cash equivalents from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_IncreaseDecreaseInCashAndCashEquivalentsContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in cash and cash equivalents from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_IncreaseDecreaseInCashAndCashEquivalentsFromDiscontinuedOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_IncreaseDecreaseInLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_IncreaseDecreaseInLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_InterestPaidForBorrowingsClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for interest paid on borrowings, classified as financing activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_InterestPaidForBorrowingsClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for interest paid on lease liabilities, classified as financing activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_InterestPaidForLeaseLiabilitiesClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The fair value of stock issued in noncash financing activities related to the subscription warrants indemnification for business combination.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_IssuanceOfSharesRelatedToSubscriptionWarrantsIndemnificationForBusinessCombination</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_NetCashConsumedInPurchaseOfinvestmentsSaleTransactionAndOtherAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow in purchase of investments, sale transaction and other assets, classified as investing activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_NetCashConsumedInPurchaseOfinvestmentsSaleTransactionAndOtherAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_NonCashContributionsOfNonControllingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The fair value of contributions received from non-controlling interests in noncash investing or financing activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_NonCashContributionsOfNonControllingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_NonCashTransactionsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_NonCashTransactionsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_NonCashTransferBetweenTradeReceivablesAndPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the transfer between trade receivables and property, plant and equipment.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_NonCashTransferBetweenTradeReceivablesAndPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for payment of financial liabilities of customers, classified as financing activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_PaymentsOfFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from disposal of investments and property, plant and equipment, classified as investing activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_ProceedsFromDisposalOfInvestmentsAndPropertyPlantAndEquipmentClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from financial liabilities of customers.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_ProceedsFromFinancialLiabilitiesOfCustomersClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow from acquisition of property, plant and equipment and intangible assets, classified as investing activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_PurchaseOfPropertyPlantAndEquipmentAndIntangibleAssetsClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_RepurchaseOfTreasuryShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for Repurchase of treasury shares.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_RepurchaseOfTreasuryShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Operations<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_DisclosureOfOperationsAbstract', window );"><strong>Operations</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_DisclosureOfOperationsExplanatory', window );">Operations</a></td>
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<div style="font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0pt; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1. Operations</span><a class="customBookmark" href="#TOC" id="Bdn122_1832025143859330" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;">&#160;</a></div>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. (&#8220;Ultrapar&#8221; or &#8220;Company&#8221;) is a publicly-traded company headquartered at the Brigadeiro Lu&#237;s Ant&#244;nio Avenue, <span>1343</span> in the city of S&#227;o Paulo &#8211; SP, Brazil, listed on B<span>3</span> S.A. &#8211; Brasil, Bolsa, Balc&#227;o (&#8220;B<span>3</span>&#8221;), in the Novo Mercado listing segment under the ticker &#8220;UGPA<span>3</span>&#8221; and on the New York Stock Exchange (&#8220;NYSE&#8221;) in the form of level III American Depositary Receipts (&#8220;ADRs&#8221;) under the ticker &#8220;UGP&#8221;.</span></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company engages in the investment of its own capital in services, commercial and industrial activities, through the subscription or acquisition of shares of other companies. Through its subsidiaries, it operates on liquefied petroleum gas &#8211; LPG distribution (&#8220;Ultragaz&#8221;), fuel distribution and related businesses (&#8220;Ipiranga&#8221; or &#8220;IPP&#8221;) and storage services for liquid bulk (&#8220;Ultracargo&#8221;). The information on segments is disclosed in Note <span style="border-left: none; border-right: none; line-height: inherit;">24</span>. </span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">These financial statements were authorized for issuance by the </span><span style="font-size: 10pt; line-height: inherit;">Management</span><span style="font-size: 10pt; line-height: inherit;"> on </span><span style="font-size: 10pt; line-height: inherit;">April</span><span style="font-size: 10pt; line-height: inherit;"> 22</span><span style="font-size: 10pt; line-height: inherit;">, <span>2025</span>.</span></span></p>
<div style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a class="customBookmark" href="#TOC" id="BSD_5_142202518149316" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">a. Principles of consolidation and interest in subsidiaries </span></a></div>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a.<span>1</span> Principles of consolidation</span></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In the preparation of the consolidated financial statements the investments of <span>one</span> company in another, balances of asset and liability accounts, revenue transactions, costs and expenses were eliminated, as well as the effects of transactions conducted between the companies. Non-controlling interests in subsidiaries are presented within consolidated equity and net income.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Consolidation of a subsidiary begins when the Company obtains direct or indirect control over an entity and ceases when the company loses control. Income and expenses of a subsidiary acquired are included in the consolidated statements of income and of comprehensive income from the date the Company gains control. Income and expenses of a subsidiary, in which the Company loses control, are included in the consolidated statements of income and of comprehensive income until the date the Company loses control.</span></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with the Company&#8217;s accounting policies.</span></span><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;"><br/></span></span></p>
<div>
 </div>
<div><span style="text-indent: 0pt; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&#160;</span></div>
<div style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="text-indent: 0pt; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;">a.<span>2</span> Interest in subsidiaries </span></div>
<p style="margin: 0pt 0pt 8pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The consolidated financial statements include the following direct and indirect subsidiaries:</span></p>
<div style="border-right: none; border-left: none;">

<div style="border-right: none; border-left: none;">
<table cellpadding="0" cellspacing="0" style="height: 433px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="10" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 41.7417%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Interest % rounded </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 13.4259%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 13.4259%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 11.9574%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> 12/31/2022 </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; border-bottom-color: #000000 !important; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Location </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; border-bottom-color: #000000 !important; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Segment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 5.97871%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Direct </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 5.97871%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Indirect </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 5.97871%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Direct </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 5.97871%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Indirect </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 5.97871%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Direct </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 5.97871%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> Indirect </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 41.0319%; font-size: 9pt;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Ultrapar Mobilidade Ltda.<span style="font-size: 7pt;"><sup>(15)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 8.02621%; font-size: 9pt;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 8.02621%; font-size: 9pt;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; width: 5.97871%; margin: 0px; text-indent: 0px; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.46843%; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; width: 5.97871%; margin: 0px; text-indent: 0px; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.46843%; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; width: 5.97871%; margin: 0px; text-indent: 0px; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.46843%; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; width: 5.97871%; margin: 0px; text-indent: 0px; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; width: 1.46413%; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; width: 5.97871%; margin: 0px; text-indent: 0px; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; width: 5.97871%; margin: 0px; text-indent: 0px; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; width: 1.47493%; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.45pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Centro de Conveni&#234;ncias Millennium Ltda. and subsidiaries<span style="font-size: 7pt; line-height: inherit;"><sup>(17)</sup></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.45pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Neodiesel Ltda.<span style="font-size: 7pt;"><sup>(<span>1</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 17.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Serra Diesel Transportador Revendedor Retalhista Ltda.</span><span style="font-size: 7pt; line-height: inherit;"> <sup>(18)</sup></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 60 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 60 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.45pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Ipiranga Produtos de Petr&#243;leo S.A.<span style="font-size: 7pt;"><sup>(<span>2</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> am/pm Comest&#237;veis Ltda. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 20.8pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Glazed Brasil S.A.<span style="font-size: 7pt;"><sup>(<span>3</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <span style="border-right: none; border-left: none; line-height: inherit;">Brazil</span> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 55 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Icorban - Correspondente Banc&#225;rio Ltda. <span style="font-size: 7pt;"><sup>(<span>4</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 41.0319%;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga Trading Limited </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 8.02621%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> British Virgin Islands </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 8.02621%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Tropical Transportes Ipiranga Ltda. <span style="font-size: 7pt;"><sup>(<span>5</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga Imobili&#225;ria Ltda. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga Log&#237;stica Ltda. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 9.35pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Oil Trading Importadora e Exportadora Ltda. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Iconic Lubrificantes S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 56 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 56 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 56 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 12px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Integra Frotas Ltda. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Irup&#233; Biocombust&#237;veis Ltda</span><span style="font-size: 7pt;"><sup><span style="line-height: inherit;">.(19)</span></sup></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 41.0319%;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Ipiranga Trading North America LLC. <span style="font-size: 7pt;"><sup>(<span>6</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 8.02621%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> United States </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 8.02621%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga Trading Middle East DMCC </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Dubai </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Ipiranga Trading Europe S.A. <span style="font-size: 7pt;"><sup>(<span>6</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Switzerland </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Ea&#237; Clube Automobilista S.A.<span style="font-size: 7pt;"><sup>(<span>7</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 20.8pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Abastece A&#237; Participa&#231;&#245;es S.A. </span><span style="font-size: 7pt; line-height: inherit;"><sup>(20)</sup></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 39.2pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Abastece A&#237; Clube Automobilista Institui&#231;&#227;o de Pagamento Ltda. </span><span style="font-size: 7pt; line-height: inherit;"><sup>(21)</sup></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Companhia Ultragaz S.A. <span style="font-size: 7pt;"><sup>(<span>8</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 99 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 99 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 99 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 7.35pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Ultragaz Participa&#231;&#245;es Ltda. <span style="font-size: 7pt;"><sup>(<span>8</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultragaz Energia Ltda. and subsidiaries </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Nova Paran&#225; Distribuidora de G&#225;s Ltda. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Uting&#225;s Armazenadora S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 57 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 57 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 57 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Bahiana Distribuidora de G&#225;s Ltda. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 41.0319%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">LPG International Inc.<span style="font-size: 7pt;"><sup>(<span>12</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 8.02621%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Cayman Islands </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 8.02621%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; font-size: 9pt; width: 41.0319%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"> NEOg&#225;s do Brasil G&#225;s Natural Comprimido S.A. </span><span style="font-size: 7pt; line-height: inherit;"><sup>(22)</sup></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; font-size: 9pt; width: 8.02621%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; font-size: 9pt; width: 8.02621%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 1.46413%;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 1.47493%;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Wtz Participa&#231;&#245;es S.A.<span style="font-size: 7pt;"><sup>(<span>9</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 52 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> UVC Investimentos Ltda. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">Ultrapar Log&#237;stica Ltda.</span><span style="line-height: inherit;"><span style="font-size: 7pt;"><sup>(<span>10</span>)</sup></span></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultracargo </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultracargo Log&#237;stica S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultracargo </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 99 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 99 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 99 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 20.8pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultracargo Solu&#231;&#245;es Log&#237;sticas S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%; text-align: center;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultracargo </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 11px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">TEAS &#8211; Terminal Exportador de &#193;lcool de Santos Ltda.</span> <span style="font-size: 7pt;"><sup>(<span>13</span>)</sup></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px; font-size: 9pt; width: 8.02621%; text-align: center;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultracargo </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultrapar International S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Luxembourg </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-right: none; border-left: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-right: none; border-left: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">Imaven Im&#243;veis Ltda.</span></span></span></span></span><span style="line-height: inherit;"><span style="font-size: 7pt;"><sup>(<span>14</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">UVC - Fundo de investimento em participa&#231;&#245;es multiestrat&#233;gia investimento no exterior <span style="font-size: 7pt;"><sup>(<span>11</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> SERMA - Ass. dos usu&#225;rios equip. proc. de dados </span><span style="font-size: 7pt; line-height: inherit;"><sup>(16)</sup></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><br/></p>
<div>
 </div>
<div style="border-right: none; border-left: none;">
<table style="width: 100%; margin-left: 0.1px; height: 369px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr style="height: 10px;">
<td style="width: 3%; height: 10px; vertical-align: top;" valign="top"><span style="font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; vertical-align: super; line-height: inherit;">(<span>1</span>)</span><sup><sup> </sup></sup></span></td>
<td style="width: 97%; height: 10px; text-align: justify; vertical-align: top;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">Company established on May 16, 2024 with the purpose of holding interests in other companies.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<span>2</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">On January 2, 2024, direct subsidiary </span>Ipiranga Produtos<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> de </span>Petr&#243;leo<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> S.A. (&#8220;</span>Ipiranga<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">&#8221;) became controlled by </span>Ultrapar Mobilidade Ltda<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<span>3</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">Company </span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">(&#8220;Krispy Kreme&#8221;) </span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">established on March 8, 2024, engaged in the wholesale and retail trade, manufacture, storage, export and import of natural and industrialized food products.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">(<span>4</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">On August 1, 2024, the merger of the company into </span>Ipiranga<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> was approved.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<span>5</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">On November 1, 2024, the merger of the company into </span>Ipiranga<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> was approved.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<span>6</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">Companies established as Ipiranga&#8217;s subsidiaries in foreign countries</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;"> (Ipiranga Trading North America LLC. established on February 28, 2024, Ipiranga Trading Europe S.A. established on January 12, 2024)</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">, engaged in the commercial representation, trade, export and import of fuels.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<span>7</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">On January 2, 2024, direct subsidiary </span>Ea&#237; Clube Automobilista<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> S.A. started to be controlled by </span>Ipiranga<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<span>8</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">On August 1, 2024, the merger of the company into Companhia Ultragaz S.A. was approved</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">, which became direct </span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">subsidiary</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;"> of Ultrapar</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<span>9</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">On September 1, 2024, the Company, through its subsidiary </span>Companhia Ultragaz<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> S.A., acquired a 52% interest in </span>Wtz Participa&#231;&#245;es<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> S.A.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">(<span>10</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">On February 19, 2024, the name of subsidiary </span>Ultracargo Opera&#231;&#245;es Log&#237;sticas<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> e </span>Participa&#231;&#245;es Ltda<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">. was changed to </span>Ultrapar Log&#237;stica Ltda<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">(<span>1</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;"><span>1</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">On Dece</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">mber <span>10</span>, <span>2024</span>, the Company transferred your total shares to UVC Investimentos Ltda.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">(<span>1</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;"><span>2</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">On June 30, 2023, the Company was dissolved.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">(<span>1</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;"><span>3</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">On April 27, 2023, the Company was merged into </span>Ultracargo Log&#237;stica<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> S.A.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">(<span>1</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;"><span>4</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">On April 28, 2023, </span>Imaven Im&#243;veis Ltda<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">. (&#8220;</span>Imaven<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">&#8221;), performed a partial spin-off of its assets, and the spin-off part was merged into the equity of the subsidiary </span>Ipiranga Produtos<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> de </span>Petr&#243;leo<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> S.A. On May 1, </span>Imaven<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> became directly controlled by </span>Ultrapar<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">. The entire transaction was carried out under common control.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<span>15</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">Company established on February 28, 2023, with the purpose of holding interests in other companies. On October 2, 2023, the name of subsidiary </span>Ultrapar Empreendimentos Ltda<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">. was changed to </span>Ultrapar Mobilidade Ltda<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">.</span></span></td> </tr>
<tr style="height: 14px;">
<td style="vertical-align: top; height: 14px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(16</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">)</span></td>
<td style="text-align: justify; vertical-align: top; height: 14px;" valign="top"><span><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; line-height: inherit;"> On December 28, 2023, the
Company was dissolved. </span></span></td> </tr>
<tr style="height: 14px;">
<td style="vertical-align: top; height: 14px;" valign="top"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">(17</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">)</span></td>
<td style="text-align: justify; vertical-align: top; height: 14px;" valign="top"><span><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; line-height: inherit;"> On October 2, 2023, Centro de
Conveni&#234;ncias Millennium Ltda. and subsidiaries became directly controlled by Ultrapar
Mobilidade Ltda. </span></span></td> </tr>
<tr style="height: 29px;">
<td style="vertical-align: top; height: 29px;" valign="top"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">(18</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">)</span></td>
<td style="text-align: justify; vertical-align: top; height: 29px;" valign="top"><span><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; line-height: inherit;"> On May 21, 2023, the Company,
through its subsidiary Ultrapar Empreendimentos Ltda., signed an agreement for
the acquisition of a 60% interest in Serra Diesel Transportador Revendedor
Retalhista Ltda. The closing of the transaction occurred on September 1, 2023. </span></span></td> </tr>
<tr style="height: 16px;">
<td style="vertical-align: top; height: 16px;" valign="top"><span style="font-weight: bold; line-height: inherit;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">(19)</span></span><br/></td>
<td style="text-align: justify; vertical-align: top; height: 16px;" valign="top">
<p style="margin: 0in; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: black; line-height: inherit;"><span>Company established on October 2, 2023, engaged in the production,
sale, import and export of biofuels, fertilizers and other agricultural inputs.</span></span></p> </td> </tr>
<tr style="height: 16px;">
<td style="vertical-align: top; height: 16px;" valign="top"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">(20</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">)</span></td>
<td style="text-align: justify; vertical-align: top; height: 16px;" valign="top">
<p style="margin: 0in; text-align: left; font-size: 11pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: black; line-height: inherit;"><span>Company established on June 1, 2023 with the purpose of holding
interests in other companies.</span></span></p> </td> </tr>
<tr style="height: 14px;">
<td style="vertical-align: top; height: 14px;" valign="top"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">(21</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">)</span></td>
<td style="text-align: justify; vertical-align: top; height: 14px;" valign="top"><span><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; line-height: inherit;"> On April 13, 2023, the company
was acquired by Ea&#237; Clube Automobilista S.A. The acquisition was made at book
value. </span></span></td> </tr>
<tr style="height: 32px;">
<td style="vertical-align: top; height: 32px;" valign="top"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">(22</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">)</span></td>
<td style="text-align: justify; vertical-align: top; height: 32px;" valign="top">
<p style="margin: 0in; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: black; line-height: inherit;"><span>On November 21, 2022, Ultrapar through its subsidiary Companhia
Ultragaz S.A., signed an agreement for the acquisition of all shares of NEOg&#225;s
do Brasil G&#225;s Natural Comprimido S.A. The closing of the acquisition occurred
on February 1, 2023.</span></span></p> </td> </tr> </tbody> </table> </div>  </div>
<div>

<p><span style="font-size: 10pt; font-style: italic; font-weight: bold; font-family: 'times new roman', times;">b. Main events that occurred in the year</span></p> </div>
<p style="margin: 0pt;"> <br/></p>
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt;">b</span>.<span>1</span> </span><span style="font-style: italic; font-weight: bold; line-height: inherit;">Acquisition of significant stake in Hidrovias</span></span><br/> </p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">In the year ended December 31, 2024, the Company, through its subsidiary Ultrapar Log&#237;stica, acquired a significant stake in Hidrovias do Brasil S.A. (&#8220;Hidrovias&#8221;), in line with Ultrapar's strategy of expanding its presence in sectors exposed to Brazilian agribusiness, mainly in the Midwest and North regions, investing in companies in which it can contribute strategic, operational, administrative</span><span style="line-height: inherit;">,</span><span style="line-height: inherit;"> and financial knowledge, being a strategic and long-term reference shareholder. For further information, see Note <span>2</span></span><span style="line-height: inherit;"><span>7</span></span><span style="line-height: inherit;">.a.</span></span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">b.<span>2</span> </span><span style="font-style: italic; font-weight: bold; line-height: inherit;">Acquisition of interest in Witzler by Ultragaz</span></span></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">On September 1, 2024, through its subsidiary Ultragaz, the Company acquired a 51.7% interest in Witzler Participa&#231;&#245;es S.A. (&#8220;Witzler&#8221;). The acquisition value was R$ <span style="border-left: none; border-right: none; line-height: inherit;">104,490</span></span><span style="line-height: inherit;">, of which R$ <span style="border-left: none; border-right: none; line-height: inherit;">49,490</span></span><span style="line-height: inherit;"> million was contributed to the acquired company through a capital increase and R$ <span style="border-left: none; border-right: none; line-height: inherit;">55,000</span></span><span style="line-height: inherit;">,</span><span style="line-height: inherit;"> was paid considering price adjustments at the closing of the transaction. In addition, there is a portion of R$ <span style="border-left: none; border-right: none; line-height: inherit;">45,384</span></span><span style="line-height: inherit;"> subject to certain performance conditions to be measured within up to <span>12</span> months. For further information, see Note <span>2</span></span><span style="line-height: inherit;"><span>7</span></span><span style="line-height: inherit;">.b</span></span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">b.<span>3</span> Acquisition </span><span style="font-style: italic; font-weight: bold; line-height: inherit;">of service stations from P&#227;o de A&#231;&#250;car Group by subsidiary Millennium</span></span></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">On June 10, 2024, through its subsidiary Centro de Conveni&#234;ncias Millenium Ltda., the Company signed a contract for the acquisition of 49 service stations from P&#227;o de A&#231;&#250;car Group, located in the state of S&#227;o Paulo, for R$ <span style="border-left: none; border-right: none; line-height: inherit;">130,000</span></span><span style="line-height: inherit;">. CADE approved the transaction on July 22, 2024. On August 13, 2024, R$ 90,000 was paid as an advance</span> <span style="line-height: inherit;">and no other changes occurred up to December 31, 2024</span><span style="line-height: inherit;">. The closing of the transaction is subject to other precedent conditions.</span></span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b.<span>4</span> Share buyback program</span></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On November 28, 2024, the Board of Directors approved the Buyback Program of Shares issued by Ultrapar (&#8220;Program&#8221;).</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The Program is limited to the maximum acquisition of 25,000,000 common shares and will be effective for up to <span>12</span> months starting on December 2, 2024. For further information, see Note <span>20</span>.c</span><span style="line-height: inherit;">.</span></span></p> <span></span>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Basis of preparation and presentation of consolidated financial statements<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="text">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #002060; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><a class="customBookmark" href="#TOC" id="BN2_1632025175739429" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"></a><a class="customBookmark" href="#TOC" id="BN2_1632025175741899" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><span style="font-size: 10pt; line-height: inherit;"><span style="color: #ffffff; font-weight: bold; line-height: inherit;">2. Basis of preparation and presentation of consolidated financial statements</span> </span></a></div>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The consolidated financial statements (&#8220;financial statements&#8221;) have been prepared in accordance with the International Financial Reporting Standards (&#8220;IFRS</span><span style="line-height: inherit;"> Accounting Standards</span><span style="line-height: inherit;">&#8221;) issued by the International Accounting Standards Board (&#8220;IASB&#8221;).</span></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The financial statements were prepared and are presented:</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p>
<table style="height: 63px; width: 100%; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin-left: 0.1px;">
<tbody>
<tr style="height: 23px;">
<td style="height: 23px; width: 2%;"><br/></td>
<td style="vertical-align: top; height: 23px; width: 3%;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">a.</span></td>
<td style="padding: 1px 1px 10px; height: 23px; width: 95%; text-align: justify;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">using consistent accounting policies and practices for<span style="line-height: inherit;">&#160;</span></span>Ultrapar<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;"><span style="line-height: inherit;">&#160;</span>and its subsidiaries in all the years presented in these financial statements.</span></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px;"><br/></td>
<td style="vertical-align: top; height: 10px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">b.</span></td>
<td style="padding: 1px 1px 10px; height: 10px; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="color: #000000; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">in thousands of Brazilian </span>Reais<span style="color: #000000; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;"> (&#8220;R$&#8221;), which is the Company&#8217;s functional currency, unless otherwise stated.</span></span></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px;"><br/></td>
<td style="vertical-align: top; height: 10px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">c.</span></td>
<td style="padding: 1px 1px 10px; height: 10px; text-align: justify;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">considering all relevant information of the financial statements, and only this information, which was disclosed and corresponds to that used by the Company&#8217;s and its subsidiaries&#8217; Management.</span></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px;"><br/></td>
<td style="vertical-align: top; height: 10px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">d.</span></td>
<td style="padding: 1px 1px 10px; text-align: justify; height: 10px;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="color: #000000; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">according to Management&#8217;s judgments, estimates</span><span style="color: #000000; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">,</span><span style="color: #000000; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;"> and assumptions in the application of accounting policies that affect the reported amounts of income, expenses, assets</span><span style="color: #000000; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">,</span><span style="color: #000000; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;"> and liabilities, including contingent liabilities. The uncertainty related to these judgments, assumptions and estimates could lead to results that require a significant adjustment to the carrying amount of certain assets and liabilities in future years.</span></span></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px;"><br/></td>
<td style="vertical-align: top; height: 10px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">e.</span></td>
<td style="height: 10px; text-align: justify;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">based the historical cost, except for the following material items recognized in the statements of financial position:</span></td> </tr> </tbody> </table>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; height: 48px;">
<tbody>
<tr style="height: 16px;">
<td style="text-align: center; vertical-align: top; height: 16px; width: 5%;"><br/></td>
<td style="vertical-align: top; height: 16px; text-align: left; width: 4%;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(i)</span></td>
<td style="vertical-align: top; height: 16px; padding: 1px 1px 1px 8px; width: 91%;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">derivative and non-derivative financial instruments measured at fair value;</span></td> </tr>
<tr style="height: 16px;">
<td style="text-align: center; vertical-align: top; height: 16px;"><br/></td>
<td style="vertical-align: top; height: 16px; text-align: left;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(ii)</span></td>
<td style="vertical-align: top; height: 16px; padding: 1px 1px 1px 8px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">share-based payments and employee benefits measured at fair value;</span></td> </tr>
<tr style="height: 16px;">
<td style="text-align: center; vertical-align: top; height: 16px;"><br/></td>
<td style="vertical-align: top; height: 16px; text-align: left;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">(iii)</span></td>
<td style="vertical-align: top; height: 16px; padding: 1px 1px 1px 8px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">deemed cost of property, plant and equipment.</span></td> </tr> </tbody> </table>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Material accounting policies</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Accounting policies are presented in their respective notes, except for those described below:</span></p>

<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Foreign currency transactions</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Foreign currency transactions carried out by the Company and its subsidiaries are remeasured into their functional currency at the exchange rate prevailing </span><span style="line-height: inherit;">on</span><span style="line-height: inherit;"> the date of each transaction. Outstanding monetary assets and liabilities of the Company and its subsidiaries are translated using the exchange rate </span><span style="line-height: inherit;">on</span><span style="line-height: inherit;"> the date of the financial statements. The effect of the difference between those exchange rates is recognized in financial results until the conclusion of each transaction.</span></span></p>

<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Basis for translation of financial statements of foreign subsidiaries</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; z-index: 40; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">b.1 </span><span style="font-style: italic; font-weight: bold; line-height: inherit;">Foreign s</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">ubsidiaries without administrative authority<br/></span></span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; z-index: 40; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company has foreign subsidiaries without administrative authority. Assets and liabilities of the other foreign subsidiaries, which do not have administrative authority, are considered an extension of the activities of their parent company and are translated using the exchange rate at the date of the financial statements. Gains and losses resulting from changes in these foreign investments are directly recognized as financial result.</span> </p>

<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; z-index: 40; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Use of estimates, assumptions and judgments</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The preparation of the financial statements requires the use of estimates, assumptions, and judgments for the accounting and disclosure of certain assets, liabilities, and profit or loss. Therefore, the Company and its subsidiaries&#8217; management use the best information available at the date of preparation of the financial statements, as well as the experience of past and current events, also considering assumptions regarding future events. The estimates and assumptions are reviewed periodically.</span></p>

<p style="margin: 0pt; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br/>c.1 Judgments</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; z-index: 40; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Information on the judgments is included in: the determination of control in subsidiaries, the determination of joint control in joint ventures, and the determination of significant influence in associates (Note 11).</span></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2; z-index: 40;"> <br/></p>
<p style="margin: 2pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c.2 Uncertainties related to the assumptions and estimates</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The information regarding uncertainties related to the assumptions and estimates are included in: determining the fair value of financial instruments including derivatives (Notes 4, 15 and 2</span><span style="line-height: inherit;">5</span><span style="line-height: inherit;">), the determination of the loss allowance for expected credit losses (Note 5), the determination of provisions for losses of inventories (Note 6), the estimates of realization of deferred IRPJ and CSLL amounts (Note 9), realization amount of tax recoverable (Note 7), the useful lives and discount rate of right-of-use assets (Note 12), the useful lives of property, plant and equipment (Note 13), the useful lives of intangible assets and recoverable value of assets, including goodwill (Note 14), provisions for tax, civil, and labor risks (Note 18), estimates for the preparation of actuarial reports (Note 17), determination of fair value of subscription warrants &#8211; indemnification (Notes 19 and 2</span><span style="line-height: inherit;">5</span><span style="line-height: inherit;">), and definition of fair value of the contingent consideration set for the business combination (Note 2</span><span style="line-height: inherit;">7</span><span style="line-height: inherit;">). The actual result of the transactions and information may differ from their estimates.</span></span> </p>

<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">d. Impairment of </span><span style="font-style: italic; font-weight: bold; line-height: inherit;">property, plant and equipment and intangible assets, including goodwill</span></span></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The Company and its subsidiaries review the existence of indications of impairment of </span><span style="line-height: inherit;">property, plant</span><span style="line-height: inherit;"> and equipment</span><span style="line-height: inherit;"> and </span><span style="line-height: inherit;">intangible</span><span style="line-height: inherit;"> assets</span> <span style="line-height: inherit;">on a quarterly basis. </span><span style="line-height: inherit;">For</span><span style="line-height: inherit;"> intangible assets with </span><span style="line-height: inherit;">an </span><span style="line-height: inherit;">indefinite useful life the review is done annually or more frequently when there is</span><span style="line-height: inherit;"> an</span><span style="line-height: inherit;"> indication that such assets might be impaired. If there is an indication of impairment, the Company and its subsidiaries estimate the recoverable amount of the asset. Assets that cannot be evaluated individually are grouped in the smallest group of assets that generate cash inflow from continuous use and that are largely independent of cash flows of other assets (cash generating units &#8220;CGU&#8221;). The identified CGUs for the evaluation of impairment are similar to reported segments </span><span style="line-height: inherit;">in</span><span style="line-height: inherit;"> financial statements. The recoverable amount of assets or CGUs corresponds to the greater of their fair value net of applicable direct selling expenses and their value in use. </span></span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The fair value less costs to sell is determined by the price that would be received to sell an asset in an orderly transaction between market participants at the measurement date, net of costs of removing the asset, and direct incremental costs to bring an asset into condition for its sale, legal costs, and taxes.</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8195;</span></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">To assess the value in use, the projections of future cash flows, trends, and outlooks, as well as the effects of obsolescence, demand, competition, and other economic factors were considered. Such cash flows are discounted to their present values using the discount rate before tax that reflects market conditions for the period of impairment testing and the specific risks of the asset or CGU being evaluated. In cases where the expected discounted future cash flows are less than their carrying amount, an impairment loss is recognized for the amount by which the carrying amount exceeds the fair value of these assets in profit or loss. In case goodwill has been allocated to a CGU, the recognized losses are first allocated to reduce the corresponding goodwill. If the goodwill is not enough to absorb such losses, the surplus is allocated to the assets on a pro-rata basis. An impairment of goodwill cannot be reversed. For other assets, impairment losses are reversed only to the extent that the asset's carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if the impairment had not been recognized. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As of December 31, 2024, and 2023, the Company
and its subsidiaries did not record any losses with impairment of assets. In
2022 the Company, through its subsidiary Ipiranga, sold its subsidiary Imifarma
Produtos Farmac&#234;uticos e Cosm&#233;ticos S.A. (&#8220;Extrafarma&#8221;) <span style="line-height: inherit;">and wrote off the provision for impairment of assets
allocated to subsidiary Extrafarma</span>. See Note 28.</span><span style="font-size: 10pt; font-family: Aptos, sans-serif; line-height: inherit;"></span></p>

<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; z-index: 40; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">e. Other assets</span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Other assets are stated at the lower of cost and realizable value, including, if applicable, interest earned, monetary variations</span><span style="line-height: inherit;">,</span><span style="line-height: inherit;"> and foreign exchange variations incurred, less the provisions for losses and, if applicable, adjusted to present value.</span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><br/></p>
<div>
 </div>
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<div style="border-right: none; border-left: none;">
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<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><span style="line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">f. Other liabilities</span></span></span></span></span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other liabilities are stated at known or measurable amounts, including monetary variations</span></span><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">,</span><span style="line-height: inherit;"> and foreign exchange variations incurred. When applicable, other liabilities are recognized at present value, based on interest rates that reflect the term, currency, and risk of each transaction.</span></span></span></p> </div> </div> </div>
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<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">g</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">. Statements of cash flows</span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The Company and its subsidiaries present the interest paid on loans, financing, debentures, and leases payable in financing activities the financial investments, net of redemptions</span><span style="line-height: inherit;">, are presented</span><span style="line-height: inherit;"> in investing activities; and&#160;</span><span style="line-height: inherit;">dividends </span><span style="line-height: inherit;">received </span><span style="line-height: inherit;"> are presented </span><span style="line-height: inherit;">in operating activities.</span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><br/></span></span></p>

<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-style: italic; font-weight: bold; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">h. Revenue recognition</span></span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-style: italic; font-weight: bold; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><br/></span></span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Revenues from sales and services rendered under contracts with customers are recognized on the accrual basis when, or as, performance obligations are satisfied by transferring the control of a promised good or service to a customer in such a way that the customer obtains substantially all rewards generated, according to the obligations of each transaction, and when it is highly probable that the Company and its subsidiaries will receive the consideration in exchange for the transferred goods or services.</span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><br/></span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The Company and its subsidiaries recognize revenue under the 5-step model, in accordance with IFRS 15: (1) identification of contracts with customers; (2) identification of the performance obligations; (3) determination of the transaction price; (4) allocation of the transaction price to performance obligations under the contracts, and (5) revenue recognition when (or as) the performance obligation is satisfied and the control of the goods and services is transferred to the customer.</span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><br/></span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Revenue is measured and stated at the fair value of the consideration to which the Company and its subsidiaries expect to be entitled to, less returns, discounts, rebates, sales taxes, amortization of assets from contracts with customers, and other deductions, if applicable. The Company&#8217;s subsidiaries do not have obligations for return or refund in their contracts with customers and do not have significant financing component that directly impacts the determination of the expected consideration.</span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><br/></span></span></p>

<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-style: italic; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><span style="line-height: inherit;">i. Recognition of tax credits</span></span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-style: italic; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><span style="line-height: inherit;"><br/></span></span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The accounting policy applied by the Company considers relevant estimates and judgments for the tax credits recognition and for estimating its recovery. The tax credits are recorded only when management has elements that guarantee (i) that the credit is a legal right; (ii) the amount could be estimated with sufficient reliability to enable it to be compensated or refunded; and (iii) the amounts are recoverable through either offsetting with other tax credits or a tax refund. In cases where the recovery of the asset is not probable, or the amount cannot be reliably measured, the amounts are not recognized, neither is a provision recorded.&#160;</span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><br/></span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">For more details about the judgments, uncertainties related to the assumptions and estimates, and the management analysis of impacts on the financial statements, see Notes 2.c.2 and 7.a.</span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><br/></span></span></p>

<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-style: italic; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><span style="line-height: inherit;">j. Discontinued operations</span></span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-style: italic; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><span style="line-height: inherit;"><br/></span></span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The transactions of Oxiteno and Extrafarma sale was concluded on April 1, 2022 and August 1, 2022, respectively. The Company accounted for the disposal of Investments in accordance with international standard IFRS 5 &#8208; Non-current Assets Held for Sale and Discontinued Operations, which require recognizing any assets and liabilities as &#8220;Held&#8208;for&#8208;sale assets&#8221; and &#8220;Liabilities related to held&#8208;for&#8208;sale assets&#8221; in the balance sheet and reporting the income (loss) of the companies sold up to the sale date, as well as the gain (loss) from the sale of the investments, as &#8220;Discontinued operations&#8221; in the statement of income.</span></span></p>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure of the presentation of financial statements and summary of significant accounting policies of the reporting entity.</p></div>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>New accounting policies and changes in accounting policies<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_NewAccountingPoliciesChangesInAccountingPoliciesAbstract', window );"><strong>New accounting policies and changes in accounting policies</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_DisclosureOfNewAccountingPoliciesChangesInAccountingPoliciesExplanatory', window );">New accounting policies and changes in accounting policies</a></td>
<td class="text">
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><a class="customBookmark" href="#TOC" id="BSD_6_142202518213792" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><span style="color: #ffffff; font-family: Aptos; font-size: 12pt; font-weight: bold;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3. New accounting policies and changes in accounting policies</span></span> </a></div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The Company evaluated and, when necessary, applied for the first time the new standards and interpretations issued by the IASB and, on the date the financial statements were authorized for issue, did not identify any significant impacts thereof on the disclosure or reported amounts.</span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">These financial statements were prepared using information from Ultrapar and its subsidiaries on the same base date, as well as consistent accounting policies and practices.</span></p>
<p style="margin: 10pt 0pt 0pt 18.2pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: -18.2pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-style: italic; font-weight: bold;">a.</span><span style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: normal;">&#160;&#160;&#160;&#160;&#160; </span><span style="font-style: italic; font-weight: bold;">New accounting policies and changes in accounting policies</span></span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">a.1 Accounting policies adopted</span><br/></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The following new standards, amendments to standards and interpretations of IFRS Accounting Standards issued by the IASB and effective on/after January 1, 2024 had no significant impact on the financial statements for the year ended December 31, 2024:</span></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">IAS 1 &#8211; Non-current Liabilities with Covenants and Classification of Liabilities as Current or Non-current</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">IFRS 16 (R2) &#8211; Lease Liability in a Sale and Leaseback</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; orphans: 0; padding-left: 8.4pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">IFRS 7 and IAS 7 &#8211; Supplier Finance Arrangements</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; break-after: avoid; break-inside: avoid; text-indent: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">IFRS&#160;10 and IAS 28 &#8211; Sale or Contribution of Assets between an Investor and its Associate or Joint Venture</span></li> </ul>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">a.2 Accounting policies not adopted</span><br/></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The following new standards, amendments to standards and interpretations of IFRS Accounting Standards issued by the IASB were not adopted since they are not effective in the year ended December 31, 2024. The Company and its subsidiaries plan to adopt these new standards, amendments and interpretations, if applicable, when they become effective, and they do not expect a material impact from their adoption on their future consolidated financial statements.</span></p>
<ul style="margin-bottom: 0px;">
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; orphans: 0; padding-left: 8.4pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">IFRS 18 &#8211; Presentation and Disclosure in Financial Statements</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; orphans: 0; padding-left: 8.4pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">IAS 21 &#8211; The Effects of Changes in Foreign Exchange Rates</span></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; orphans: 0; padding-left: 8.4pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">IFRS 19 &#8211; Subsidiaries without Public Accountability</span></li> </ul> <span></span>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Cash and cash equivalents, financial investments, derivative financial instruments and other financial assets<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="text">&#160;<span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsTextBlock', window );">Cash and cash equivalents, financial investments, derivative financial instruments and other financial assets</a></td>
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<div>
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a class="customBookmark" href="#TOC" id="BJKB4_142202521132552" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">4</span>. Cash and cash equivalents, financial investments, derivative financial instruments and other financial assets</span></a></div>

<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Accounting policy</span></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Cash and cash equivalents comprise bank balances and short-term financial investments with maturities of up to <span style="border-left: none; border-right: none;">90</span> days, readily convertible into known amounts of cash and subject to an insignificant risk of change in value. Cash equivalents are held for the purpose of meeting short-term cash commitments.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Investments that do not fall under the classification of cash and cash equivalents are presented as financial investments in a separate line item in the statements of financial position.</span></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The financial assets were classified based on the business model of the Company and its subsidiaries and are disclosed in Note <span style="border-left: none; border-right: none;">25</span>.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">a. Cash and cash equivalents</span></p>

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<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> </span><br/></p> </td>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> 12/31/2024 </span></p> </td>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> 12/31/2023 </span></p> </td>
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<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 77%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Cash and banks </span></p> </td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="vertical-align: bottom; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> In local currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 211,047 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 77,488 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> In foreign currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 194,793 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 47,664 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Financial investments considered cash equivalents </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> In local currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Securities and funds in local currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,286,152 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 5,476,726 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> In foreign currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Securities and funds in foreign currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 379,601 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 323,810 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total cash and cash equivalents </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,071,593 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 5,925,688 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> </tbody> </table>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">b. Financial investments, derivative financial instruments and other financial assets</span></p>

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<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Financial investments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> In local currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Securities and funds in local currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,271,979 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 82,592 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> In foreign currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Securities and funds in foreign currency (a) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,854,126 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Derivative financial instruments and other financial assets at fair value (b) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 833,986 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,162,283 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total financial investments and derivative financial instruments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 5,960,091 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,244,875 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,553,011 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 292,934 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 3,407,080 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 951,941 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt 0pt 14.2pt; break-after: avoid; break-inside: avoid; text-indent: -14.2pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(a)<span style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: normal;"> </span><span>Refers substantially to financial investments made by subsidiary Ultrapar International in Time Deposits.</span></span></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: -14.2pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(b)<span style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: normal;"> </span><span>Accumulated gains, net of withholding income tax (see Note <span style="border-left: none; border-right: none;">25</span>.f).</span></span></p>  </div> <span></span>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Trade receivables, reseller financing and other receivables<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><span style="color: #ffffff;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span>5</span></span></span><span style="font-weight: bold; font-size: 10pt; color: #ffffff;">. <a class="customBookmark" href="#TOC" id="BN5_213202523499353" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><span style="color: #ffffff;">Trade receivables, reseller financing and other receivables</span></a></span><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><a class="customBookmark" href="#TOC" id="Bnd1123_1832025144331820" style="text-decoration: none; cursor: default; outline: none; color: #000000; pointer-events: none;"></a></span></div>

<p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade receivables represent amounts receivable for the sale of products and services provided by the Company's subsidiaries and are recorded at the nominal value invoiced on the date of sale.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Reseller financing is provided to promote the renovation and upgrading of service stations, purchase of products, and development of the automotive fuels and lubricants distribution market. The amounts are financed with an average payment term of 12 to 60 months, subject to interest and monetary variation. Remeasurement is carried out at a market rate for working capital loans and is recognized in the financial result.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Expected credit losses are measured in accordance with the IFRS <span>9</span> simplified approach, using a provision matrix based on expected losses for the full balance of trade receivables. The loss allowance for expected credit losses considers the expected losses for the next <span>12</span> months, which includes the deterioration or improvement of the customers&#8217; credit quality, considering the customers&#8217; characteristics in each business segment. The expected credit losses are calculated by the expected loss approach, considering the probability of default. Loss rates are determined by the average of advances of receivables through stages of default until full write-off. This calculation includes the credit risk score for each exposure, based on predictive data and credit assessment experience.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The amount of the expected credit losses is deemed by Management to be sufficient to cover any loss on realization of trade receivables.</span></p>
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Trade receivables and reseller financing</span></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 171px; width: 100%;" width="100%">
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 77%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> Trade receivables of customers </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Domestic customers </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,885,310 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,183,696 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Domestic customers - related parties (see Note <span>8</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 301 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 78 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign customers </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 19,032 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 82,634 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign customers - related parties (see Note <span>8</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,361 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,065 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,913,004 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,269,473 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (-) Allowance for expected credit losses </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (345,735 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (334,467 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total - trade receivables of customers </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,567,269 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 18px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,935,006 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 18px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,540,266 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,921,790 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,003 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,216 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr> </tbody> </table>  <br/>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 96px; width: 100%;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Reseller financing </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 77%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Reseller financing &#8211; Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,404,883 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,189,886 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; width: 1%;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (-) Allowance for expected credit losses </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (126,859 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (134,383 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total &#8211; reseller financing </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,278,024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,055,503 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 511,979 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 504,862 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 766,045 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 550,641 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table>
<div>
<div>
 </div>
<div style="margin: 10pt 0pt; text-indent: 0pt;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; text-indent: 0pt; font-family: 'times new roman', times;">b. Allowance for expected credit losses &#8211; trade receivables and reseller financing</span></div> </div>

<p style="margin: 0pt 0pt 10pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Movements in the allowance for expected credit losses of trade receivables and reseller financing are as follows:</span></p>
<div id="t_ft_FG9RZRFAS000000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 232px; width: 99.835%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Trade receivables </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Reseller financing </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 65%;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">Balance as of December 31, 2021</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">374,355</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">185,278</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">559,633</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">Additions</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">143,828</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: right; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">45,987</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: right; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">189,815</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: right; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">Reversals</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(130,385</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: left; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(52,695</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: left; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(183,080</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; text-align: left;">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">Write-offs</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(65,045</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; text-align: left; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(5,283</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; text-align: left; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(70,328</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; text-align: left;">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 322,753 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 173,287 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 496,040 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 115,090 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 28,472 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 143,562 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Reversals </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (76,762 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (59,436 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (136,198 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (26,614 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,940 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (34,554 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 334,467 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 134,383 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 468,850 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 114,691 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 31,931 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 146,622 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Reversals </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (85,549 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (37,126 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (122,675 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td> </tr>
<tr style="height: 18px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 18px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 18px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (17,874 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 18px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 18px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 18px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,329 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 18px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 18px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 18px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (20,203 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 18px;">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 345,735 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 126,859 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 472,594 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr> </tbody> </table> </div>

<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below presents information on credit risk exposure, resulting from balances of trade receivables and reseller financing.</span></p>
<div id="t_ft_GE50CZY0W000000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 150px;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="7" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="7" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr>
<tr style="height: 21px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 21px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average rate of expected losses </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Gross accounting balance </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Allowance for expected credit losses </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average rate of expected losses </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Gross accounting balance </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Allowance for expected credit losses </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 29%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 0.55% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,289,620 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 23,517 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 0.55% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,412,278 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 24,131 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Less than <span>30</span> days </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3.14% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 141,756 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,452 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7.62% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 61,451 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,683 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>31</span>-<span>60</span> days </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 20.26% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 40,402 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,186 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4.92% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 57,753 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,841 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>61</span>-<span>90</span> days </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14.96% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,360 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,093 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15.29% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 23,845 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,646 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>91</span>-<span>180</span> days </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 30.37% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 57,289 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 17,396 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 32.91% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 47,430 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15,609 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> More than <span>180</span> days </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 54.49% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 761,460 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 414,950 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 48.79% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 856,602 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 417,940 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,317,887 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 472,594 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,459,359 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 468,850 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"> <br/></p>
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Trade receivables - sale of subsidiaries</span></p>
<div style="border-left: none; border-right: none;">

<div style="border-left: none; border-right: none;">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 100px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 77%; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Sale of subsidiary Oxiteno: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Receivables from sale of investments (i) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 726,195 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (-) Adjustment to present value - sale of investments (ii) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (10,318 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Sale of subsidiary Extrafarma: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Receivables from sale of investments (iii) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 208,487 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total - current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; height: 10px; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; height: 10px; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 924,364 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"> <br/></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(i)&#160; &#160;<span><span style="border-right: none; border-left: none;">The balance related to the final installment of the sale of Oxiteno was received in April 2024.</span></span></span></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(ii)&#160;&#160;<span><span style="border-right: none; border-left: none;">The consideration for the sale of Oxiteno was recognized at present value using a discount rate of 6.17%, and fully paid up in April 2024.</span></span></span></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(iii) <span><span style="border-right: none; border-left: none;">Balance related to the second installment of the Extrafarma sale transaction, received in August 2024, monetarily adjusted by the CDI rate + 0.5% p.a.</span></span></span></p>  </div> </div> <span></span>
</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of trade and other receivables. [Refer: Trade and other receivables]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Inventories<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfInventoriesAbstract', window );"><strong>Inventories</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInventoriesExplanatory', window );">Inventories</a></td>
<td class="text">
<div style="background-color: #002060; margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><a class="customBookmark" href="#TOC" id="BSD_6_142202518612458" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;">6</span>. Inventories</span></a></div>

<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></p>
<div style="border-left: none; border-right: none;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Inventories are stated at the lower of cost and net realizable value, and estimates of net realizable value are based on the average selling prices at the end of the reporting period, net of applicable direct selling expenses. The costs are measured using the weighted average cost and include the costs of acquisition and processing directly and indirectly related to the units produced based on the normal capacity of production. </span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">At the reporting date, the net realizable value of inventories is assessed and subsequent events related to price and cost fluctuations are considered, if relevant, and a provision for losses on obsolete or slow-moving inventories may be recognized. Write-offs and reversals are recognized as "Cost of goods sold and services rendered". This classification is made by </span><span style="line-height: inherit;">M</span><span style="line-height: inherit;">anagement with the support of the industrial and operations teams.</span></span></p> </div>

<div style="border-left: none; border-right: none;">
<table cellpadding="0" cellspacing="0" style="height: 116px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 77%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Fuels, lubricants and greases </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,009,100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,367,094 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Raw materials </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 373,544 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 282,197 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">Purchase for future delivery <span style="font-size: 8pt;"><sup>(1)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 255,001 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 386,281 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Consumable materials and other items for resale </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 129,539 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 121,537 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Liquefied petroleum gas &#8211; LPG </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 128,098 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 112,100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Properties for resale </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 21,794 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 22,222 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,917,076 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,291,431 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> </div> <span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">(<span>1</span>) </span><span><span style="line-height: inherit;">Refers substantially to ethanol, biodiesel and advances for fuel acquisition.</span></span></span>

<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Movements in the provision for inventory losses are as follows:</span></p>
<div style="border-left: none; border-right: none;">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 152px;" width="100%">
<tbody>
<tr style="background-color: #cceeff; height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 89%; background-color: #cceeff; height: 15px; vertical-align: bottom;" valign="bottom"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Balance as of December 31, 2021</span></td>
<td style="padding-left: 0px; padding-right: 0px; text-align: right; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">13,078</span><br/></td>
<td style="padding-left: 0px; padding-right: 0px; text-align: right; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Addition to provision for adjustment to realizable value</span></td>
<td style="padding-left: 0px; padding-right: 0px; text-align: right; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">10,028</span></td>
<td style="padding-left: 0px; padding-right: 0px; text-align: right; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="background-color: #cceeff; height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 15px; vertical-align: bottom;" valign="bottom"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Reversal of provision for obsolescence and other losses</span></td>
<td style="padding-left: 0px; padding-right: 0px; text-align: right; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(1,180</span></td>
<td style="padding: 0px 0px 0.5px; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; height: 15px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Balance as of December 31, 2022</span></td>
<td style="padding-left: 0px; padding-right: 0px; text-align: right; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">21,926</span></td>
<td style="padding-left: 0px; padding-right: 0px; text-align: right; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Reversal of provision for obsolescence and other losses </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (8,301 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Reversal of provision for adjustment to realizable value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,594 </span></p> </td>
<td style="padding: 0px 0px 0.5px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Balance as of December 31, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 7,031 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Addition to provision for obsolescence and other losses </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,680 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Reversal of provision for adjustment to realizable value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,791 </span></p> </td>
<td style="padding: 0px 0px 0.5px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Balance as of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 3,920 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>  <span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfInventoriesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfInventoriesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfInventoriesExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for inventories.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 2<br> -IssueDate 2024-01-01<br> -Section Disclosure<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=2&amp;code=ifrs-tx-2024-en-r&amp;doctype=Standard&amp;dita_xref=IAS02_g36-39_TI<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfInventoriesExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Recoverable taxes<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_DisclosureOfTaxesToRecoverAbstract', window );"><strong>Recoverable taxes</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_DisclosureOfTaxesToRecoverExplanatory', window );">Recoverable taxes</a></td>
<td class="text">
<div style="line-height: 1.2;">
<div style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0; background-color: #002060;"><a class="customBookmark" href="#TOC" id="BJKB7_1422025194410964" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; background-color: #002060; line-height: inherit;"><span style="border-left: none; border-right: none;">7</span>. Recoverable taxes</span></a></div> </div>
<div style="line-height: 1.2;">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; font-family: 'times new roman', times; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Recoverable taxes</span></p>

<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">Recoverable taxes are substantially represented by credits of Tax on Goods and Services (&#8220;ICMS&#8221;, the Brazilian VAT), Contribution for Social Security Financing (&#8220;COFINS&#8221;)</span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">,</span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> and Social Integration Program (&#8220;PIS&#8221;).</span></p>
<div id="t_ft_IE9T6FENXS00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"><br/></td> </tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 77%;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> ICMS - State VAT (a<span>.1</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 1,416,708 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 1,365,128 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> PIS and COFINS - Federal VAT (a<span>.2</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 3,172,417 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 2,761,262 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> 101,152 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 77,249 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 4,690,277 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 4,203,639 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 2,040,008 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 1,462,269 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 2,650,269 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 2,741,370 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt 10pt 17pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: -17pt;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;">a.<span>1</span></span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> The recoverable ICMS net of provision for losses is substantially related to the following operations: </span></p>
<p style="margin: 0pt 0pt 12pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">Credits</span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> are</span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> recognized mainly of the following nature: a) transactions of inputs and outputs of products subject to taxation of the own ICMS; b) interstate outflows of oil-related products, whose ICMS was prepaid by the supplier (Petr&#243;leo Brasileiro S.A. (&#8220;Petrobras&#8221;)); c) refunds of the ICMS-ST (tax substitution) overpaid when the estimated calculation basis used is higher than that of the operation effectively performed. </span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">In the second quarter of <span>2023</span>, with the enactment of Supplementary Law <span>192</span>/<span>22</span></span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> (&#8220;LC</span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> <span>192</span>/<span>22</span>&#8221;)</span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">, the single-phase ICMS levy on LPG, diesel, biodiesel, gasoline</span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">,</span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> and anhydrous ethanol became effective. Due to the advent of this new calculation modality, the subsidiaries have stopped generating credits related to the refunds of ICMS-ST (tax substitution regime).</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">The amounts of recoverable ICMS are realized through the Company&#8217;s own operations subject to taxes, being a revolving credit, which means that the credits are monthly offset against the tax payable on sales and new credits are generated by the acquisition of inputs, as well as by the State's refund on tax substitution operations. Management estimates the realization of the credits classified in non-current assets within a term of up to 5 years.</span></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 88px; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 89%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Up to <span>1</span> year </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 513,494 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> From <span>1</span> to <span>2</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 472,413 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> From <span>2</span> to <span>3</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 246,132 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> From <span>3</span> to <span>5</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 184,669 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total recoverable ICMS, net of provision </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,416,708 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr> </tbody> </table>
<p style="text-align: justify; line-height: 1.2;;margin:0pt"><br/></p>
<div>
<div style="border-right: none; border-left: none;">
<div style="border-right: none; border-left: none; text-align: justify;">
 <span style="font-size: 10pt; font-family: 'times new roman', times;">The provision for ICMS losses, in the amount of R$ </span>17,116<span style="font-size: 10pt; font-family: 'times new roman', times;"> (R$ </span>49,732<span style="font-size: 10pt; font-family: 'times new roman', times;"> as of December 31, 2023), relates to tax credit of the subsidiaries whose amounts are not included within the term determined by its internal policies of provisioning.</span></div> </div> </div>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;">a.<span>2</span></span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> The recoverable PIS and COFINS are substantially related to:</span></p>
<p style="margin: 0pt 0pt 12pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;">ICMS in the PIS and COFINS calculation basis - </span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">The balance of PIS and COFINS includes credits recorded under Laws <span>10,637</span>/<span>02</span> and <span>10,833</span>/<span>03</span>, as well as amounts arising from a STF&#8217;s favorable decision regarding the exclusion of ICMS from the PIS and COFINS calculation basis.</span></p>
<p style="margin: 0pt; text-align: justify; font-family: 'times new roman', times;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;">Supplementary Law <span>192</span> -</span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> On March 11, 2022 Supplementary Law <span>192</span>/<span>22</span> was published to reduce the tax burden of the fuel supply chain. Art. <span>9</span> of said law established the reduction of the PIS and COFINS tax rates levied on diesel, biodiesel and LPG to <span>zero</span> through December 31, 2022, ensuring at the same time the maintenance of credits taken across the whole supply chain.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; font-family: 'times new roman', times; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">On May 18, 2022, Provisional Act <span>1,118</span>/<span>22</span> amended Supplementary Law <span>192</span>/<span>22</span> to eliminate the right to take PIS and Cofins credits on purchases of diesel, LPG and biodiesel by end consumers. With the enactment of said Provisional Act, on June 2, 2022, Direct Unconstitutionality Action <span>7,181</span> was filed to challenge the provision in MP <span>1,118</span>/<span>22</span>. On June 21, 2022, the Federal Supreme Court unanimously ratified the decision that considered MP <span>1,118</span>/<span>22</span> unconstitutional due to violation of the <span>90</span>-day principle. Due to such court injunction and the non-conversion of Provisional Act</span> <span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><span>1,118</span>/<span>22</span> into law, the provisions in LC <span>192</span>/<span>22</span>, which assured to all legal entities that are part of the fuel supply chain, including the Company&#8217;s subsidiaries, the maintenance of PIS and COFINS credits in connection with those transactions in the period from March 11, 2022 (LC <span>192</span>/<span>22</span> publication date) to September 21, 2022 (<span>90</span> days after the publication of LC <span>194</span>/<span>22</span> that restricted the right to take credits on taxpayers), when it became effective. </span></p>
<p style="margin: 10pt 0pt; text-align: justify; font-family: 'times new roman', times; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">The Company, through its subsidiaries, has credits in the amount of R$ 1,686,836 (R$ 1,088,303 as of December 31, 2023) from the LC <span>192</span>/<span>22</span>. These credits were recorded considering the expectation of realization by the Company within a <span>5</span>-year period from the date of generation, period in which the Company has the ability to use these credits. The estimated realization is updated annually considering the Company's estimated future results. </span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">Due to this realization, i</span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">n the current year, the Company recognized </span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">in the line item of cost of products and services sold, </span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">additional credits of R$</span> <span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">1,071,269</span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> (R$ 563,000 as of December 31, 2023 and <span style="font-size: 10pt; font-family: 'times new roman', times;">R$ 971,373 as of December 31, 2022</span>)</span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">.</span></p>

<p style="margin: 0pt; text-align: justify;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">The Management estimates the realization of these credits within up to 5 years from the constitution date, as follows:</span></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"><br/></span></p>
<table cellpadding="0" cellspacing="0" style="font-size: 10pt; border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; width: 100%; height: 90px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 89%; height: 16px;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Up to <span>1</span> year </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: middle; width: 10%; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 1,434,055 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> From <span>1</span> to <span>2</span> years </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 746,577 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> From <span>2</span> to <span>3</span> years </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 421,674 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> From <span>3</span> to <span>5</span> years </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 570,111 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Total recoverable PIS and COFINS </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,172,417 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr> </tbody> </table>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Recoverable income and social contribution taxes</span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">Comprise IRPJ and CSLL to be recovered by the Company and its subsidiaries, arising from the tax advances of previous years, as well as referring to lawsuits on the non-levy of IRPJ and CSLL on the monetary variation (SELIC) in the repetition of undue payments. The Company, through its subsidiaries, has a recoverable IRPJ and CSLL balance of R$ 498,067, of which R$ 151,930 recorded as current and R$ 346,137 recorded as non-current (R$ 396,405, of which R$ 171,051 recorded as current and R$ 225,354 recorded as non-current as of December 31, 2023). The Management estimates the realization of these credits within up to 5 years.</span></p> </div> <span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure of recoverable taxes.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Related Parties<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="text">&#160;<span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfRelatedPartyExplanatory', window );">Related Parties</a></td>
<td class="text">
<div style="line-height: 1.2;">
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a class="customBookmark" href="#TOC" id="BSD_8_142202518637405" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><span style="color: #ffffff; font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman';">8. Related parties</span></a></div>
<p style="margin: 6pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">a</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">. </span><span style="font-style: italic; font-weight: bold; line-height: inherit;">Related parties</span></span></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Balances and transactions between the Company and its subsidiaries have been eliminated in consolidation and are not disclosed in this Note. The balances and transactions between the Company and its subsidiaries with other related parties are highlighted below:</span></p>

<div id="t_ft_7YMOYMCN0W00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 300px; text-indent: 0px;" width="100%">
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Liabilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="7" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 8pt; font-family: 'times new roman', times; font-weight: bold;"> Operating result - Sales/(Purchases) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 8pt; font-family: 'times new roman', times; font-weight: bold;"> 12/31/2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 31%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Transactions with subsidiaries and joint ventures </span></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Transactions with joint ventures </span></p> </td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Refinaria de Petr&#243;leo Riograndense S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9,846 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 29,278 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (457,885 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (510,510 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (336,781 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Latitude Log&#237;stica Portu&#225;ria S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,862 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11,393 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 20 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;">-</p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Navegantes Log&#237;stica Portu&#225;ria S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 29,406 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,703 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;">-</p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,943 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,874 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,875 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,917 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 851 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 571 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;">784</p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Transactions with associates </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Hidrovias do Brasil S.A. </span></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 416 </span></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; text-align: right; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: right; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: right; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;">-</p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: right; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Transactions with other related parties </span></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt; line-height: 1.1;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Chevron </span><span style="line-height: inherit;">Oronite</span> <span style="line-height: inherit;">Brasil</span><span style="line-height: inherit;"> Ltda.</span><span style="line-height: inherit;"> <span style="font-size: 8pt;"><sup>(<span>1</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,434 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 53,466 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (195,925 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (175,053 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (162,006 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="line-height: inherit;">Chevron Products Company <span style="font-size: 8pt;"><sup>(<span>1</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 159,432 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 63,263 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (745,812 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (370,137 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (699,154 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,760 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,065 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,449 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,626 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,718 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (13,157 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,421 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 57,387 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 35,035 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 187,036 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 150,570 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (1,402,489 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (1,068,286 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,195,736 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade receivables (Note <span>5</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,662 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,143 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;">-</p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other receivables </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 416 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;">-</p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade payables (Note <span>16</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 183,520 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 147,452 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;">-</p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Related parties </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 48,309 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 31,892 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,516 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,118 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span>-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Sales and services provided </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 21,125 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14,779 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 16,090 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Purchases </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,423,614 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,083,065 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,211,826 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr> </tbody> </table> </div>
<div><br/></div>
<div><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="line-height: inherit;"><span style="font-size: 8pt;"><sup>(<span>1</span>)</sup></span><span>Non-controlling shareholders and other related parties of Iconic.</span></span></span></div>  </div>
<div style="line-height: 1.2;">
<p style="margin: 6pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Purchase and sale transactions relate substantially to the purchase of raw materials, feedstock, transportation, and storage services based on prices and terms negotiated between the parties, with customers and suppliers with comparable operational performance.</span><a href="#TOC"></a></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">b</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">. Key executives </span></span></p>
<p style="margin: 6pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Ultrapar&#8217;s compensation policy and practices are designed to align short and long-term interests with shareholders and the Company&#8217;s sustainability. The short and long-term variable compensation is linked to growth goals in results and generated economic value, aligned with shareholders&#8217; interests. Variable compensation also directs the professionals&#8217; focus to the strategic plan approved by the Board of Directors, and is linked to annual growth targets in financial results and priority matters for the Company. For details about post-employment benefits see Note <span>17</span>.b.</span></p>

<div style="line-height: 1.2;">
<p style="margin: 0pt 0pt 6pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The expenses for compensation of its key executives (Company&#8217;s directors and executive officers) are shown below: </span> </p>
<div id="t_ft_YUMS4XOXR400000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 66px; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 65%; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Short-term compensation </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 51,814 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 54,396 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 62,285 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Stock compensation </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 62,952 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 35,165 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 18,424 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Post-employment benefits </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,767 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,206 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,035 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Termination benefits </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,007 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 119,533 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 94,774 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 84,744 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr> </tbody> </table> </div> </div>  </div>
<div style="line-height: 1.2;">

<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">c</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">. Stock plan </span></span></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; orphans: 0; padding-left: 4.6pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span>2017</span> Plan</span></li> </ul>
<p style="margin: 0pt 0pt 12pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On April 19, 2017, the Ordinary and Extraordinary General Shareholders&#8217; Meeting (&#8220;OEGM&#8221;) approved a share-based incentive plan (&#8220;<span>2017</span> Plan&#8221;), which establishes the general terms and conditions for granting common shares issued by the Company and held in treasury, that may or may not involve the granting of usufruct of part of these shares for later transfer of the ownership of the shares, with vesting periods determined in each Program, to directors or employees of the Company or its subsidiaries. </span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As a result of the Plan approved in <span>2017</span>, common shares representing at most 1% of the Company's share capital could be delivered to the participants, which corresponded, at the date of approval of this Plan, to 11,128,102 common shares.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">At the OEGM held on April 19, 2023, the <span>2017</span> Plan was amended, permitting that, if the participant becomes a member of the Company's Board of Directors, thus ceasing to hold any other executive position, the right to receive ownership of the shares will be preserved, maintaining the conditions and other requirements established in the applicable programs and in each agreement. </span></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; orphans: 0; padding-left: 4.6pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span>2023</span> Plan</span></li> </ul>
<p style="margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="line-height: inherit;">The share-based incentive plan ("<span>2023</span> Plan") establishes the general terms and conditions for the Company or its subsidiaries to grant common shares issued by them </span><span style="line-height: inherit;">and </span><span style="line-height: inherit;">held in treasury, to the Management, including the members of Ultrapar's Board of Directors, or employees of the Company or of companies under its direct or indirect control, that may involve the granting of usufruct for later transfer of the ownership of the shares, subject to the terms and conditions set forth in the <span>2023</span> Plan. In the case of members of the Board of Directors, the grants will be mandatorily linked to the remuneration approved by the shareholders at the Ordinary General Shareholders&#8217; Meeting.</span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As a result of the <span>2023</span> Plan, common shares representing at most 5% of the Company's share capital may be delivered to the participants, which corresponded, at the date of approval of said Plan, to 55,760,215 common shares. Annually, a maximum of 1% of this limit may be used.</span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"> <br/></p> </div>
<div style="line-height: 1.2;">

<p style="margin: 0pt 0pt 12pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below summarizes the restricted and performance stock programs under the <span>2017</span> Plan and the <span>2023</span> Plan:</span></p>
<div style="border-left: none; border-right: none;">
<table cellpadding="0" cellspacing="0" style="height: 299px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">
<tbody>
<tr style="height: 30px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 30px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Program </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 30px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Grant date </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Number of shares granted (Quantity) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Vesting period </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 8pt; font-family: 'times new roman', times; font-weight: bold;"> Fair value of shares on the grant date (in R$) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total exercisable grant costs, including taxes (in R$ thousands) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Accumulated recognized exercisable grant costs (in R$ thousands) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Unrecognized exercisable grant costs (in R$ thousands) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 17%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> September 2, 2019 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 240,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2025 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 16.42 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,774 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 750 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> April 1, 2020 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 39,084 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2025 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12.53 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,124 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,074 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 50 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Performance </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> April 1, 2020 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 55,074 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2025 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12.53 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,324 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,268 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 56 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> September 16, 2020 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 140,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2026 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 23.03 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,464 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,946 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,518 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> September 22, 2021 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,000,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2027 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14.17 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 24,093 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (13,339 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,754 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> April 6, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 634,165 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2025 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14.16 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 16,906 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (15,508 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,398 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Performance </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> April 6, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,007,324 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2025 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14.16 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 26,829 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (24,802 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,027 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> September 21, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,640,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2032 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12.98 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 64,048 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (14,945 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 49,103 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> December 7, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,500,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2032 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13.47 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 37,711 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,860 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 29,851 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> April 20, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 311,324 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2025 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14.50 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,472 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,538 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 934 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> April 20, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,146,194 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2026 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14.50 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 31,039 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (18,129 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,910 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Performance </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> April 20, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,156,903 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2026 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14.50 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 31,320 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (18,410 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,910 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> September 20, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,800,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2033 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 18.75 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 132,784 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (17,712 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 115,072 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> April 17, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,495,953 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2027 to 2029</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 26.94 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 177,651 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (31,656 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 145,995 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> June 19, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 60,683 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2027 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 21.47 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,468 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (411 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,057 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> October 1, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,295,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2034 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 23.10 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 55,785 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,395 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 54,390 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 12px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 12px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 18,521,704 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 622,792 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (183,017 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 439,775 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> </div>
<div style="border-left: none; border-right: none;">


<div><br/>
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 206px;" width="100%">
<tbody>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 89%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; font-weight: bold;"> Number of shares as of December 31, 2021 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 4,415,294 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Shares granted during the year </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,702,027 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cancellation of granted shares due to termination of executive employment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (934,310 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Shares transferred (vesting) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (484,651 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Reclassification from assets held for sale </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 236,344 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Number of shares as of December 31, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 8,934,704 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Shares granted during the year </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,930,871 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cancellation of granted shares due to termination of executive employment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (583,180 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Shares transferred (vesting) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (447,800 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Number of shares as of December 31, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 14,834,595 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Shares granted during the year </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,061,396 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cancellation of granted shares due to termination of executive employment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (139,105 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Shares transferred (vesting) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,235,182 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Number of shares as of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 18,521,704 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td> </tr> </tbody> </table> </div>  </div>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: justify; text-indent: 0pt;"> <br/></p> </div>
<div style="line-height: 1.2;">
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">The Company does not have shares that were not transferred after the period for transfer of the ownership of the shares. For the year ended December 31, 2024, an expense in the amount of R$ 112,277 was recognized in relation to the Plan (R$ 70,770 for the year ended December 31, 2023</span><span style="line-height: inherit;"> and</span><span style="line-height: inherit;"> R$ </span><span style="line-height: inherit;">38,204 for the year ended December</span><span style="line-height: inherit;"> 31,2022</span><span style="line-height: inherit;">).</span></span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For all plans, settlements are made only with the delivery of treasury shares. The values of the grants were determined on the granting date based on the market value of these shares on B<span>3</span> (the Brazilian Stock Exchange).</span></p> </div> <span></span>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income and Social Contribution Taxes<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<div style="background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><a class="customBookmark" href="#TOC" id="BJKB9_142202521613441" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span>9</span>. Income and social contribution taxes</span></a></div>

<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Current and deferred income tax (&#8220;IRPJ&#8221;) and social contribution on net income tax (&#8220;CSLL&#8221;) are calculated based on their current rates. For the calculation of current IRPJ, the value of tax incentives is also considered. At the end of the fiscal year the portion of the profit corresponding to these investment grants is allocated to the constitution of a tax incentive reserve in subsidiaries&#8217; equity and is excluded from the dividend calculation basis and subsequently capitalized. Taxes are recognized based on the rates of IRPJ and CSLL provided for by the laws enacted on the last day of the financial statements. The current rates in Brazil are 25% for IRPJ and 9% for CSLL.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Deferred IRPJ and CSLL are recognized when a temporary difference between the tax and accounting balances exists, given that tax credits and debits are not subject to the statute of limitations, and mainly result from provisions for differences between cash and accrual basis, tax loss carryforwards, leasing operations, negative bases and provisions for tax, civil, and labor risks. Deferred tax assets are sustained by the continued profitability of their operations.</span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For purposes of disclosure, deferred tax assets were offset against deferred tax liabilities, in the same taxable entity.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">On December 27, 2024, Law <span>15,079</span> was published, which introduce the Additional of CSLL to adapt Brazilian legislation to the GloBE Rules, aligning the country to Pillar <span>2</span> of the BEPS of OECD. This guideline establishes a minimum global tax rate of <span>15</span>% for multinationals with annual revenues exceeding &#8364; <span>750</span> million.</span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Management assessed and concluded that no relevant effects on the Company's financial statements are expected.</span></p>

<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-style: italic; font-weight: bold;">a. Deferred income (IRPJ) and social contribution taxes (CSLL)</span></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><br/></p>

<div id="t_ft_Z3UEFPLDK000000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 403px;" width="100%">
<tbody>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Assets - deferred income and social contribution taxes on: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for losses with assets </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 41,467 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 46,863 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provisions for tax, civil and labor risks </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 188,495 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 326,662 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for post-employment benefits </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 76,166 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 90,451 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Provision for differences between cash and accrual basis <span style="font-size: 8pt;"><sup>(i)</sup></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 19,483 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 35,989 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,317 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,976 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for asset retirement obligation </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,472 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14,759 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Operating provisions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 60,120 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 299,609 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for profit sharing and bonus </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 76,880 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 91,883 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leases payable </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 499,988 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 518,138 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Change in fair value of subscription warrants </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,566 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for deferred revenue </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 450 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 932 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other temporary differences </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 115,753 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 104,319 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Tax losses and negative basis for social contribution carryforwards </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 510,780 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 396,601 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,613,371 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,937,748 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Offsetting liability balance </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (676,430 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (682,614 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net balances presented in assets </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 936,941 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,255,134 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Liabilities - Deferred income and social contribution taxes on: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leases payable </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 406,173 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 432,908 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for differences between cash and accrual basis (i) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 194,846 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 81,293 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Change in fair value of subscription warrants </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,611 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill/negative goodwill on investments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 28,771 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 28,717 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Business combination - fair value of assets </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 52,781 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 54,921 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other temporary differences </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 119,073 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 84,981 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 809,255 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 682,820 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Offsetting asset balance </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (676,430 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (682,614 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net balances presented in liabilities </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 132,825 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 206 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">(i)</span> <span>Refers mainly to the income and social contribution taxes on foreign exchange variation of the derivative instruments.</span></span></p>


<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Changes in the net balance of deferred IRPJ and CSLL are as follows:</span></p>
<div id="t_ft_ARIUJ9FEAO00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 205px;" width="100%">
<tbody>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 89%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> Balance as of December 31, 2021 (net) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 571,473 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Deferred IRPJ and CSLL recognized in profit (loss) for the year </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 296,459 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Deferred IRPJ and CSLL recognized in income for the year from discontinued operation </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 31,138 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Deferred IRPJ and CSLL recognized in other comprehensive income </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,134 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2022 (net) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 897,936 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Deferred IRPJ and CSLL recognized in profit (loss) for the year </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 335,375 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Deferred IRPJ and CSLL recognized in other comprehensive income </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 21,474 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 143 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2023 (net) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,254,928 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Deferred IRPJ and CSLL recognized in profit (loss) for the year </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (360,953 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Deferred IRPJ and CSLL recognized on company acquisition </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (71,815 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">)</td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Deferred IRPJ and CSLL recognized in other comprehensive income </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (18,178 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 134 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2024 (net) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 804,116 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The balance of R$ 1,613,371 was supported by the technical study on taxable profit projections for the realization of deferred tax assets. The taxable profit projections from business plans of each segment of the Company which indicates trends and perspectives, demand effects, competition and other economic factors, and that represent management&#8217;s best estimate about the economic conditions existing during the period of realization of the deferred tax asset, were taken into account.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The main key assumptions used to calculate the realization of deferred tax assets are: growth in Gross Domestic Product (&#8220;GDP&#8221;), exchange rate, basic interest rate (SELIC) and DI, inflation rate and commodity price index.</span></p> </div>
<div style="line-height: 1.2;">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Reconciliation of income and social contribution taxes in the statement of income</span></p>

<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">IRPJ and CSLL are reconciled to the statutory tax rates as follows:</span></p>
<div id="t_ft_5MC41O90CG00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 180px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 65%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Income before taxes </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,011,517 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,578,695 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,879,725 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Statutory tax rates - % </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 34 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 34 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 34 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Income and social contribution taxes at the statutory tax rates </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,363,916 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,216,756 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (639,107 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Adjustment to the statutory income and social contribution taxes: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Nondeductible expenses </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (14,729 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (11,535 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (11,006 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Nontaxable revenues <span style="font-size: 8pt;"><sup>(i)</sup></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 26,755 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 114,981 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 23,149 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Adjustment to estimated income </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,807 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,173 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,136 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Unrecorded deferred income and social contribution tax carryforwards </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (205,794 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (36,227 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,602 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Share of profit (loss) of subsidiaries, joint ventures and associates </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (44,090 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,049 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,141 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest on capital between subsidiaries </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 35,901 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 153,004 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other adjustments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (15,861 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (26,666 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 29,327 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Income and social contribution taxes before tax incentives </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,579,927 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,169,981 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (434,958 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Tax incentives &#8211; SUDENE <span style="font-size: 8pt;"><sup>(ii)</sup></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 94,310 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 109,039 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 93,444 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Income and social contribution taxes in the statement of income </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,485,617 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,060,942 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (341,514 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,124,664 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,396,317 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (637,973 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Deferred </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (360,953 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 335,375 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 296,459 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Effective IRPJ and CSLL rates - % </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 37.0 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 29.6 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (18.2 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">(i) </span><span>Consist of gains and income not taxable &#8203;under applicable tax legislation, such as reimbursement of taxes, tax incentives, installments and reversal of certain provisions, as well as recovery of tax credits and amounts related to non-taxation of the income and social contribution taxes on the monetary variation (SELIC) in the repetition of undue tax lawsuits.</span></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">(ii) </span><span>Certain subsidiaries have the benefit of income tax reduction for belonging to the sectors of the economy considered priority for the subsidized areas, with a 75% decrease in the income tax basis.</span></span></p>

<div><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="text-align: justify; font-style: italic; font-weight: bold; line-height: inherit;">c.</span><span style="text-align: justify; font-style: italic; font-weight: bold; line-height: inherit;"> Tax losses and negative basis for social contribution carryforwards</span></span></div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">As of December 31, 2024, the Company and certain subsidiaries had tax loss carryforwards related to income tax (IRPJ) and social contribution (CSLL), whose annual offsets are limited to 30% of taxable income in a given tax year, and do not expire.</span></p>
<p style="margin: 0pt; text-align: justify;"><br/></p>

<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The balances comprising deferred taxes related to income tax loss carryforwards and negative basis of social contribution are as follows:</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_RYO4J6BSK000000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 116px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 76.8546%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 76.8546%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Oil Trading </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 9.94065%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 77,155 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1.48368%; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1.03858%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 9.94065%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 84,372 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1.03858%; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 76.8546%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultrapar </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 51,339 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 77,453 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 76.8546%;">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Abastece a&#237; Clube </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1.03858%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 91,861 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1.03858%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 76.8546%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 300,409 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 97,071 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 76.8546%;">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Ultracargo Solu&#231;&#245;es Log&#237;stica </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 33,553 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 30,652 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 76.8546%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 48,324 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15,192 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 76.8546%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 9.94065%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 510,780 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1.03858%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 9.94065%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 396,601 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1.03858%;"></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; text-align: justify;"><br/></p>
<div style="border-left: none; border-right: none;">

<div style="border-left: none; border-right: none;">
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The balances which are not constituted of deferred taxes related to income tax loss carryforwards and negative basis of social contribution are as follows:</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_VMEL24IG4G00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 128px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 76.9345%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 9.97024%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 9.97024%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.4881%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 76.9345%; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Neog&#225;s </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 9.97024%; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 45,286 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1.04167%; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1.04167%; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 9.97024%; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 45,333 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1.4881%; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 76.9345%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Integra Frotas </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 18,927 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,335 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.4881%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 76.9345%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Stella </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15,686 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,634 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.4881%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 76.9345%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Millennium </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11,650 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,539 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.4881%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 76.9345%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Abastece a&#237; <span style="font-size: 8pt;"><sup>1</sup></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 126,900 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.4881%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 76.9345%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,374 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 461 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.4881%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 76.9345%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 9.97024%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 224,823 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 9.97024%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 76,302 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.4881%;"></td> </tr> </tbody> </table> </div> </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-size: 8pt;"><sup>1</sup></span> <span>As of December 31, 2024, the Company reversed the deferred taxes recorded on tax loss carryforwards related to income tax (IRPJ) and social contribution (CSLL) of the subsidiary, based on projections of future realization.</span></span></p>  </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">d. Non-levy of IRPJ/CSLL on the update by Selic of tax undue payments received from the Federal Government </span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries have lawsuits claiming the non-levy of IRPJ and CSLL on monetary variation (SELIC) on tax credits. On September 27, 2021, the Federal Supreme Court judged that the levy of IRPJ and CSLL on amounts related to monetary variation received by taxpayers in the repetition of undue tax payments is unconstitutional. The Company and its subsidiaries have registered credits of this nature in the amount of R$ 141,147 as of December 31, 2024 (R$ 143,147 as of December 31, 2023).</span></p> </div> <span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for income taxes.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Section Disclosure<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;doctype=Standard&amp;dita_xref=IAS12_g79-88_TI<br> -URIDate 2024-03-27<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Income and Social Contribution Taxes</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Contractual assets with customers - exclusivity rights<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="text">&#160;<span></span>
</td>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory', window );">Contractual assets with customers - exclusivity rights</a></td>
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<div style="line-height: 1.2;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><a class="customBookmark" href="#TOC" id="BJKB10_142202519467100" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;">10</span>. Contractual assets with customers - exclusivity rights</span></a></div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;">&#160;&#160;</p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">Refers to exclusivity rights reimbursements of Ipiranga&#8217;s agreements with reseller service stations that are recognized at the time of their occurrence and amortized according to the conditions established in the agreement. Amortizations are recognized in profit or loss as reductions of sales revenue.</span></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p> </div>
<div style="line-height: 1.2;">

<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Changes are shown below:</span></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#160;</span></p>
<div style="border-left: none; border-right: none;">
<table cellpadding="0" cellspacing="0" style="height: 219px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%">
<tbody>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 89%; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> Balance as of December 31, 2021 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 10%; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2,079,226 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 637,502 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Amortization </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (504,907 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Transfers </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; height: 16px; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,230 </span></p> </td>
<td style="padding: 0px 0px 0.5px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2,205,591 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 664,363 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Amortization </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: rgb(204, 238, 255); height: 16px; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (607,446 </span></p> </td>
<td style="padding: 0px 0px 0.5px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2,262,508 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 424,477 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Amortization </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (555,083 </span></p> </td>
<td style="padding: 0px 0px 0.5px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: rgb(204, 238, 255); height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: rgb(204, 238, 255); height: 17px; border-top-color: rgb(0, 0, 0) !important; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2,131,902 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 658,571 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,473,331 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>  </div> <span></span>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory">
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Investments in subsidiaries, joint ventures and associates<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InvestmentsAccountedForUsingEquityMethodAbstract', window );"><strong>Investments in subsidiaries, joint ventures and associates</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory', window );">Investments in subsidiaries, joint ventures and associates</a></td>
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<div>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #002060; margin: 0pt; line-height: 1.2;"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span>11</span>. Investments in subsidiaries, joint ventures and associates</span></div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><br/></p>

<div style="margin: 0pt; text-align: justify; line-height: 1.2;"><a class="customBookmark" href="#TOC" id="Bnd563_1832025144919385" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></a></div>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Investments in subsidiaries are accounted for under the equity method of accounting in the parent&#8217;s individual financial statements. A subsidiary is an investee in which the investor is entitled to variable returns on investment and has the ability to interfere in its financial and operational activities.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Investments in associates and joint ventures are accounted for under the equity method of accounting in the financial statements. An associate is an investment in which an investor has significant influence, that is, has the power to participate in the financial and operating decisions of the investee but does not exercise control. A joint venture is an investment in which the shareholders have the right to net assets on behalf of a joint control. Joint control is the agreement which establishes that decisions about the relevant activities of the investee require the consent from the parties that share control.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other investments are stated at acquisition cost less provision for losses, unless the loss is considered temporary.</span></p>

<p style="margin: 10pt 0pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-size: 10pt; text-indent: 0pt;">The table below presents the positions of equity and income (loss) for the year by company:</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div>
<div>
<div>
<div id="t_ft_NRACXGBC9S00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 591px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"> <br/></p> </td>
<td rowspan="2" style="padding: 0px; height: 27px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Equity </span></p> </td>
<td rowspan="2" style="padding: 0px; vertical-align: bottom; height: 27px;" valign="bottom"><br/></td>
<td rowspan="2" style="padding: 0px; vertical-align: bottom; height: 27px;" valign="bottom"><br/></td>
<td rowspan="2" style="padding: 0px; height: 27px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Income (loss) for the year </span></p> </td>
<td rowspan="2" style="padding: 0px; vertical-align: bottom; height: 27px;" valign="bottom"><br/></td>
<td rowspan="2" style="padding: 0px; vertical-align: bottom; height: 27px;" valign="bottom"><br/></td>
<td rowspan="2" style="padding: 0px; height: 27px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Interest in share capital - % (*) </span></p> </td>
<td rowspan="2" style="padding: 0px; vertical-align: bottom; height: 27px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"> <br/></p> </td>
<td colspan="4" style="padding: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Investments/ Provision for equity deficiency </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"> <br/></p> </td>
<td colspan="8" style="padding: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Share of profit (loss) of subsidiaries, joint ventures and associates </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> 12/31/2022 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 29%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Joint ventures </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 7%;" valign="bottom">
<p style="margin: 0pt; text-align: center;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 7%;" valign="bottom">
<p style="margin: 0pt; text-align: center;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 7%;" valign="bottom">
<p style="margin: 0pt; text-align: center;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 7%;" valign="bottom">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 7%;" valign="bottom">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 7%;" valign="bottom">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 7%;" valign="bottom">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 7%;" valign="bottom">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Uni&#227;o Vopak &#8211; Armaz&#233;ns Gerais Ltda. </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 540 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,460 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 50.00 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 270 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,550 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (730 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,694 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,880 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Refinaria de Petr&#243;leo Riograndense S.A. </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,081 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (83,097 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 33.14 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,015 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 31,553 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (27,537 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,668 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 26,110 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Latitude Log&#237;stica Portu&#225;ria S.A. </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,449 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,555 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 50.00 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,225 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,002 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,777 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,636 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,339 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Navegantes Log&#237;stica Portu&#225;ria S.A. </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 22,093 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (25,417 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 33.33 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,364 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15,836 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (8,472 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,413 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (11,040 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Nordeste Log&#237;stica I S.A. </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 17,878 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (513 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 33.33 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,959 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,071 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (171 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 730 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,591 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Nordeste Log&#237;stica II S.A. </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 56,347 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,698 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 33.33 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 18,782 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 17,216 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,566 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,199 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,007 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Nordeste Log&#237;stica III S.A. </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 54,991 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,478 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 33.33 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 18,330 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 18,004 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 493 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 967 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (30 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.A. </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,637 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (319 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 50.00 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,319 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,478 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (159 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (42 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (8) </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Terminal de Combust&#237;veis Paul&#237;nia S.A. ("Opla") (i) </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 119,388 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,324 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 50.00 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 59,694 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 54,155 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,162 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,071 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other investments </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 281 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 349 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Associates </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Hidrovias do Brasil S.A. (ii) </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,203,135 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (229,904 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 41.94 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 504,629 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (94,842 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Metal&#250;rgica Plus S.A. </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,045 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (276 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 33.33 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (349 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (256 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (91 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (99 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (105 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Plenog&#225;s Distribuidora de G&#225;s S.A. </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,124 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,010 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 33.33 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,041 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 497 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 672 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 124 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 118 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other investments </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 41 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 33 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 20px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Transportadora Sulbrasileira de G&#225;s S.A. </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,994 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,812 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 25.00 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,498 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,978 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,704 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,043 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,771 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Goodwill on investments (*) </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 10px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Terminal de Combust&#237;veis Paul&#237;nia S.A. ("Opla") </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 117,306 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 158,634 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 10px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Hidrovias do Brasil S.A. </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 775,044 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
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<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Fair value adjustment on investments </span></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-indent: 0pt; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Terminal de Combust&#237;veis Paul&#237;nia S.A. ("Opla") </span></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 38,835 </span></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,493 </span></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> Advances for acquisition </span></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-indent: 0pt; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Advances - P&#227;o de A&#231;&#250;car Group stations (iii) </span></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 90,000 </span></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
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<p style="margin: 0pt; text-indent: 0pt;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
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<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Advance for future capital increase </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 10px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Hidrovias do Brasil S.A. (v) </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 500,000 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 10px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total (A) </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2,148,284 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 318,100 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (129,675 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 11,908 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 12,181 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 10px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total provision for equity deficit (B) </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (349 </span></p> </td>
<td style="padding: 0px 0px 1px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (256 </span></p> </td>
<td style="padding: 0px 0px 1px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px 0px 0px 10px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total investments (A-B) </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2,148,633 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 318,356 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td colspan="2" style="padding: 0px; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; line-height: 1.1;"><br/></p>
<div>
 </div>
<div style="border-left: none; border-right: none;">
<div id="t_ft_UN8U4FCPM800000000000000000000b">
<table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td style="width: 3%; vertical-align: top; text-align: center;" valign="top"><span style="color: #000000;font-size: 10pt;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;float: none;display: inline !important;font-family: 'times new roman', times;">(*)</span></td>
<td style="width: 97%; vertical-align: top;" valign="top"><span><span style="color: #000000;font-size: 10pt;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;float: none;display: inline !important;font-family: 'times new roman', times;">For more information on the accounting policy, see Note <span>14</span>.a.</span></span></td> </tr> </tbody> </table> </div> </div>
<div id="t_ft_HN2TNZ9QVK00000000000000000000b">
<table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td style="width: 3%; text-align: center; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(i)</span></td>
<td style="width: 97%; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Subsidiary Ultracargo Log&#237;stica S.A. acquired a 50% interest in Opla on July 1, 2023. The purchase price allocation (PPA) was completed in June 2024. For further information, see Note <span>27</span>.</span></span></td> </tr>
<tr>
<td style="text-align: center; vertical-align: top; width: 3%;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(ii)</span></td>
<td style="vertical-align: top; width: 97%; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Hidrovias is engaged in logistics and waterway, highway and multimodal infrastructure activities in Brazil and abroad. As of May 2024, date on which the Company began to hold significant influence in Hidrovias, the share of profit (loss) of the associate is recorded with a <span>2</span>-month lag, as it was not feasible to consolidate the figures at the time of acquisition and since then the Company has maintained consistency in its disclosures. For further information, see Note <span>27</span>.a.</span></span></td> </tr>
<tr>
<td style="text-align: center; vertical-align: top; width: 3%;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(iii)</span></td>
<td style="vertical-align: top; width: 97%; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The amount refers to the advance for the acquisition of <span style="border-right: none; border-left: none;">P&#227;o</span> de A&#231;&#250;car Group service stations by subsidiary Centro de Conveni&#234;ncias Millenium Ltda. For further information, see Note <span>1</span>.b<span>.3</span></span></span></td> </tr>
<tr>
<td style="text-align: center; vertical-align: top; width: 3%;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(iv)</span></td>
<td style="vertical-align: top; width: 97%;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The amount refers to the advance for future capital increase of Hidrovias, made by subsidiary Ultrapar Log&#237;stica Ltda. For further information, see Note <span>27</span>.a</span></span></td> </tr> </tbody> </table> </div> </div> </div> </div> </div>
<div>
<p style="margin: 0pt; text-indent: 0pt;"><br/></p> </div>
<div>

<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The financial position and income of subsidiaries which have relevant non-controlling interests is shown below:</span></p>
<div id="t_ft_WGLO5Q9NPS00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 87px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td colspan="13" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; font-family: 'times new roman', times;"> Consolidated </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> Proportion of interest in share capital and voting rights held by non-controlling interests </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> Equity attributable to non-controlling interests </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td colspan="7" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> Income allocated to non-controlling interests for the year</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; font-family: 'times new roman', times;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; font-family: 'times new roman', times;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; font-family: 'times new roman', times;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; font-family: 'times new roman', times;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; font-family: 'times new roman', times;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; font-family: 'times new roman', times;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center; height: 10px;"><span style="color: #000000; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; font-family: 'times new roman', times;">12/31/2022</span></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 27%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Subsidiaries </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 9%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> % </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 9%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> % </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 9%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 9%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 9%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 9%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 9%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Iconic Lubrificantes S.A. </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 44% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 44% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 484,986 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 477,710 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 135,428 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 72,505 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; text-align: right; height: 10px;"><span style="font-size: 10pt; font-family: 'times new roman', times;">34,955</span></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> WTZ Participa&#231;&#245;es S.A. </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 48% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">-</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 116,249 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 25,082 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; text-align: right; height: 17px;"><span style="font-size: 9pt; font-family: arial, helvetica, sans-serif;">-</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other investments </span></p> </td>
<td style="height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 63,491 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 45,621 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,650 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 5,453 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; text-align: right; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-size: 10pt; font-family: 'times new roman', times;">4,275</span></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 30pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 1.15pt;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 664,726 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 523,331 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 163,160 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 77,958 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; text-align: right; height: 10px; border-bottom-color: #000000 !important;"><span style="font-size: 10pt; font-family: 'times new roman', times;">39,230</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><br/></p>

<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times;">The summarized financial information of the associates and joint ventures relevant for the Company is presented below. The individual financial statements of these entities may differ from the financial information presented here, which is prepared considering Ultrapar's accounting policies and using the most recent financial information available.</span> </p>
<div id="t_ft_ZIOHV69MCW00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 166px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"> <br/></p> </td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><br/></p> </td>
<td colspan="4" style="padding: 0px; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">12/31/2023</span></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> 10/31/2022 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"> <br/></p> </td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Joint ventures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><br/></p> </td>
<td colspan="4" style="padding: 0px; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Joint ventures</span></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> Joint ventures </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> RPR </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Opla </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; text-align: center;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">RPR</span></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; text-align: center;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; text-align: center;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; text-align: center;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Opla</span></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> RPR </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 41%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total assets </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 10%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,069,063 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 10%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 182,810 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><br/></p> </td>
<td style="padding: 0px; background-color: #cceeff; width: 10%; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom">844,959</td>
<td style="padding: 0px; background-color: #cceeff; width: 1%; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; width: 1%; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; width: 10%; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom">190,626</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 10px;"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 10%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 772,351 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total liabilities </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,062,982 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 63,422 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom">717,926</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom">82,315</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 696,501 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Equity </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 6,081 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 119,388 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><br/></p> </td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom">127,033</td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom">108,311</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 75,850 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Net revenue </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,177,747 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 60,281 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom">2,954,931</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom">35,117</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="border-left: none; border-right: none;">3,215,987</span></span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Net income (loss) for the year </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (83,097 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 8,324 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><br/></p> </td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom">20,899</td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom">8,141</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">78,599 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Number of shares or units held </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,719,491 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 16,957,908 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><br/></p> </td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><span style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom;">5,078,888</span></td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom">33,915,815</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 5,078,888 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest in share capital - % </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-size: 10pt; font-family: 'times new roman', times;"> 33.14 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-size: 10pt; font-family: 'times new roman', times;"> 50.00 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom">33.14</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom">50.00</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 33.14 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt;"><br/></p>
<div>
 </div>
<div id="t_ft_1LW214RFB400000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 223px;" width="100%">
<tbody>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> 10/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt;"> <b><span style="color: #000000;">Associate</span></b> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"><b><span style="font-size: 8pt; color: #000000;">Hidrovias (Consolidated)</span></b> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; width: 88%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Current assets </span></p> </td>
<td style="padding: 0px; vertical-align: top; height: 15px; background-color: #cceeff; width: 11%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,234,849 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 15px; background-color: #cceeff; width: 1%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Noncurrent assets </span></p> </td>
<td style="padding: 0px; vertical-align: top; height: 10px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 5,338,418 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 10px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt;">Current liabilities</p> </td>
<td style="padding: 0px; vertical-align: top; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,705,175 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 15px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> Noncurrent liabilities </span></p> </td>
<td style="padding: 0px; vertical-align: top; height: 15px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 3,664,958 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Equity </span></p> </td>
<td style="padding: 0px; vertical-align: top; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,203,134 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 15px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: top; height: 15px;">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 15px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">Net revenue</td>
<td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; text-align: right;">1,260,687</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">Gross profit</td>
<td style="padding: 0px; vertical-align: top; height: 17px; text-align: right;">137,235</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">Net loss for the period</td>
<td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; text-align: right;">(324,791</td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: top; margin: 0px; text-indent: 0px;" valign="top">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: top; height: 17px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Number of shares or units held </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 318,925,700 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest in share capital - % </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 41.94 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;"><br/></td> </tr> </tbody> </table> </div>  </div>
<div>
<p style="margin: 0pt;"><br/></p>
<div>
 </div>

<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; font-family: 'times new roman', times; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times;">Balances and changes in investments in subsidiaries, joint ventures and associates are as follows: </span></p>
<div id="t_ft_K5CF4KZWO000000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin: 0px; height: 467px;" width="100%">
<tbody>
<tr style="height: 29px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Joint ventures </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Associates </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Advances </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Advances for future capital increase </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Total </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 41%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Balance as of December 31, 2021 (i) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 71,389 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 7,204 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 78,593 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Share of profit (loss) of subsidiaries, joint ventures and associates (*) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 9,397 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,784 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"> -</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"> -</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 12,181 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Dividends </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (4,298 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,076 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"> -</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"> -</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (6,374 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Equity instrument granted (ii) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"> -</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"> -</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Accumulated other comprehensive income </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 267 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"> -</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"> -</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 267 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Actuarial gain of post-employment benefits of subsidiaries, net of income and social contribution taxes </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,440 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"> -</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"> -</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,440 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Capital increase in cash </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 28,000 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"> -</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"> -</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 28,000 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Shareholder transactions - changes of interest </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 3,528 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (3,528 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"> -</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;">-</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Balance as of December 31, 2022 (i) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 106,843 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 4,384 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 111,227 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Share of profit (loss) of subsidiaries, joint ventures and associates (*) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 9,840 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,068 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 11,908 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Dividends </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (11,072 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,200 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (13,272 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Equity instrument granted (ii) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 899 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 899 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Acquisition of Terminal de Combust&#237;veis Paul&#237;nia S.A. ("Opla") </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 210,096 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 210,096 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Capital decrease </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (3,100 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (3,100 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other movements </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 342 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 342 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Balance as of December 31, 2023 (i) </span></p> </td>
<td style="padding: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 313,848 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 4,252 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 318,100 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Share of profit (loss) of subsidiaries, joint ventures and associates (*) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (34,625 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (92,557 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (127,182 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Amortization of fair value adjustments </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,493 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,493 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Dividends </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,196 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,196 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Equity instrument granted (ii) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,540 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,540 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Accumulated other comprehensive income </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,427 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 37,458 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 35,031 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Capital increase in cash </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 42,985 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 42,985 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Capital decrease in shares </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (522 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (522 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Advances for investments - GPA stations </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 90,000 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 90,000 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Acquisition of shares of Hidrovias do Brasil S.A. </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 647,201 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 647,201 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Transfers of financial assets to investments (iii) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 645,333 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 645,333 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Advance for future capital increase (iv) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> - </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 500,000 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 500,000 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other movements </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 599 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,112 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (513 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Balance as of December 31, 2024 (i) </span></p> </td>
<td style="padding: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 274,380 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,283,904 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 90,000 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 500,000 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,148,284 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt;"><br/></p>
<div id="t_ft_8DSP3K9L8000000000000000000000b">
<table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; height: 85px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr style="height: 17px;">
<td style="width: 3%; height: 17px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(*)</span></td>
<td style="width: 97%; height: 17px;"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Adjusted for unrealized profits between subsidiaries.</span></span></td> </tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(i)</span></td>
<td style="height: 17px;"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Investments in subsidiaries, joint ventures and associates net of provision for equity deficit.</span></span></td> </tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(ii)</span></td>
<td style="height: 17px; text-align: justify;"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amounts refer to grants of long-term incentives in subsidiaries Ultrapar Mobilidade, Ultragaz Participa&#231;&#245;es and Ultrapar Log&#237;stica.</span></span></td> </tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(iii)</span></td>
<td style="height: 17px;"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amounts refer to the acquisition of stake in Hidrovias do Brasil S.A. For further details, see Note <span style="border-left: none; border-right: none;"><span>27</span></span>.a.</span></span></td> </tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(iv)</span></td>
<td style="height: 17px; text-align: justify;"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amounts refer to the advance for future capital increase made in December 2024 by subsidiary Ultrapar Log&#237;stica Ltda. in Hidrovias do Brasil S.A.</span></span></td> </tr> </tbody> </table> </div>  </div> <span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of investments accounted for using the equity method. [Refer: Investments accounted for using equity method]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Right-of-use assets and leases payable<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PresentationOfLeasesForLesseeAbstract', window );"><strong>Right-of-use assets and leases payable</strong></a></td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfLeasesExplanatory', window );">Right-of-use assets and leases payable</a></td>
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<div style="line-height: 1.2;">
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a class="customBookmark" href="#TOC" id="BJKB12_1422025194646817" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">12. Right-of-use assets and leases payable</span></a></div>

<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries recognized in the statement of financial position right-of-use assets and the respective lease liabilities initially measured at the present value of future lease payments, discounted by the incremental loan rate of the Company, considering the related contract costs. Right-of-use assets include amounts related to port area lease grants.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The remeasurement of assets and liabilities based on the contractual index is recognized in the statement of financial position, not having an effect on the result. In case of cancellation of the contract, the assets and respective liabilities are written off to the result, considering, if it is the case, any penalties provided in contractual clauses. The Company and its subsidiaries have no intention of purchasing the underlying asset.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The amortization expenses of right-of-use assets are recognized in the statement of income over the lease contract term. When the right-of-use asset is used in the construction of the property, plant, and equipment (&#8220;PP&amp;E&#8221;), its amortization is capitalized until the asset under construction is completed. The liability is increased for interest and decreased by lease payments made. The interest is recognized in the statement of income using the effective interest rate method.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For short-term leases of <span>12</span> months or less and lease contracts of low-value assets, which do not have a purchase option at the end of the contract the Company and its subsidiaries recognize the lease expense in the statement of income as incurred over the lease term.</span></p>

<div style="line-height: 1.2;">
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-style: italic;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;">a. Right-of-use assets</span></span><span style="font-size: 10pt; font-style: italic; font-weight: bold;"><br/></span></p> </div>
<div style="line-height: 1.2;">
<div id="t_ft_45I1W2BQQO00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 244px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average useful life (years) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions and remeasurement (i) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Transfers (ii) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Amortization </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 20%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Real estate </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,998,866 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 196,194 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (207,945 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,987,115 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Port areas </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 32 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 314,964 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,025 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 26,750 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 343,739 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 270,388 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> 143,043 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> (56,337 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 357,094 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 38,278 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,958 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (10,591 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 33,645 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 20 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,846 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,846 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,650,342 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> 347,220 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> (274,873 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 26,750 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,749,439 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated amortization: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Real estate </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (753,198 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 131,716 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,402 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (197,849 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (823,733 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Port areas </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (44,620 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (8,072 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (52,692 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (109,967 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 35,669 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (95,538 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (169,836 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,184 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9,778 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> (10,601 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> (6,007 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (25,847 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> (25,847 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (938,816 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 177,163 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,402 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (312,060 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,078,115 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net amount </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,711,526 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> 347,220 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> (97,710 </span></p> </td>
<td style="padding: 0px 0px 1px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 22,348 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (312,060 </span></p> </td>
<td style="padding: 0px 0px 1px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,671,324 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"> <br/></p>
<table style="width: 100%; margin: 0px; height: 32px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">
<tbody>
<tr style="height: 16px;">
<td style="height: 16px; width: 3%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">(i)</span> </td>
<td style="height: 16px; width: 97%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span><span style="border-right: none; border-left: none;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">Considers R$ 342,332 r</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">eferring to additions and remeasurements between right-of-use assets and leases payable.</span></span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; width: 3%;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(ii)</span></td>
<td style="height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: justify; width: 97%;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Refers to the amortization of the right of use, which is being capitalized as Construction in progress until the beginning of its operation. Additionally, the cost includes the advance balance of the grant of </span>Macei&#243;<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> carried out in Ipiranga.</span></span></td> </tr> </tbody> </table>
<p style="margin: 0pt; line-height: 1.2;"><br/></p>
<div>
 </div>
<div id="t_ft_XPRNRQVTI800000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 250px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 99.9997%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average useful life (years) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions and remeasurement (i)</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Transfers (ii)</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Amortization </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Acquisition of subsidiary (iii)</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 22%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: middle; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: middle; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td> </tr>
<tr style="height: 16px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Real estate </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,019,898 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 140,245 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (165,551 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,274 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,998,866 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Port areas </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 29 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 311,174 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,790 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 314,964 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 186,455 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 120,705 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (71,781 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 35,009 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 270,388 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Equipment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 26,345 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,910 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,973 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 996 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 38,278 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 20 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,846 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,846 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,571,718 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 277,650 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (239,305 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 40,279 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,650,342 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated amortization: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Real estate </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (634,688 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 95,896 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,491 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (209,522 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (393 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (753,198 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Port areas </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (36,773 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,847 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (44,620 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (83,902 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 63,708 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (80,661 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (9,112 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (109,967 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Equipment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,850 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,974 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,151 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (157 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,184 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (22,128 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,719 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (25,847 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (780,341 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 161,578 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,491 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (305,900 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (9,662 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (938,816 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net amount </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,791,377 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 277,650 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (77,727 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,491 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (305,900 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 30,617 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,711,526 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> </div>
<div><br/></div>
<div>
<table style="width: 100%; margin-left: 0.1px; height: 48px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr style="height: 16px;">
<td style="width: 3%; height: 16px; vertical-align: top;" valign="top">(i)</td>
<td style="width: 97%; height: 16px; text-align: justify;"><span>Considers R$ 257,201 referring to additions and remeasurements between right-of-use assets and leases payable.</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top">(ii)</td>
<td style="height: 16px; text-align: justify;"><span><span style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: &quot;times new roman&quot;, times; font-size: 13.3333px; text-indent: -24px; float: none; display: inline !important;">Refers to the amortization of the right of use, which is being capitalized as Construction in progress until the beginning of its operation.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px;">(iii)</td>
<td style="height: 16px;"><span>For further information, see Note 27.</span></td> </tr> </tbody> </table> </div>
<div style="line-height: 1;"><br/>
<table cellpadding="0" cellspacing="0" style="height: 266px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 32px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 32px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; text-align: center;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Weighted average useful life (years)</span></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2021 </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions and remeasurement </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;"><br/></td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;"><br/></td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Transfers (i)</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;"><br/></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Amortization </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;"><br/></td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 20%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Real estate </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,793,473 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 366,805 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (140,380 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,019,898 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Port areas </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 29 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 299,630 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11,868 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (324 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 311,174 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 146,173 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 115,666 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (75,384 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 186,455 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Equipment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 16,740 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9,958 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (353 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 26,345 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 20 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,846 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,846 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,283,862 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 504,297 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (216,441 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,571,718 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated amortization: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Real estate </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (489,470 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 79,003 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,311 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (218,910 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (634,688 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Port areas </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (23,526 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (13,247 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (36,773 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (98,867 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 66,554 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (51,589 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (83,902 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Equipment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,834 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 399 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,415 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,850 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (18,870 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,258 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (22,128 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (632,567 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 145,956 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,311 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (288,419 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (780,341 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net amount </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,651,295 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 504,297 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (70,485 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,311 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (288,419 </span></p> </td>
<td colspan="2" style="padding: 0px 0px 1.5px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,791,377 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; line-height: 1.2;"><br/></p> </div>
<div style="line-height: 1.2; margin: 0pt 0pt 0pt; text-indent: 0pt;">
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td style="width: 3%;">(i)</td>
<td style="width: 97%;"><span>Refers to R$ 5,311 transferred to property, plant and equipment.</span></td> </tr> </tbody> </table> </div>  </div>
<div style="line-height: 1.2;">
<div>
<p style="margin:0pt"><br/></p>
 </div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-style: italic;"><span style="font-weight: bold;">b. <span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Leases payable</span></span></span></p> </div>
<div style="line-height: 1.2;">

<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The changes in leases payable are shown below:</span></p>
<div style="border-left: none; border-right: none;">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 354px;" width="100%">
<tbody>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 89%; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt; font-weight: bold;"> Balance as of December 31, 2021 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 10%; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,348,311 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1%; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest accrued </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 128,069 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Payments of leases </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (351,011 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Interest payment</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; text-align: right; height: 16px;">(6,868</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions and remeasurement </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 482,439 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (77,171 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,523,769 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest accrued </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 143,005 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Payments of leases </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (213,527 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (145,586 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions and remeasurement </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 257,201 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (71,569 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Acquisition of subsidiary </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 30,641 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,523,934 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest accrued </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 133,767 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Payments of leases </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (285,404 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (148,084 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions and remeasurement </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> 342,332 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> (81,393 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,485,152 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 316,460 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,168,692 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr> </tbody> </table> </div>

<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The undiscounted future cash outflows are presented below:</span></p>
<div id="t_ft_LNGJWMEYGW00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 129px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 77%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Up to <span style="border-left: none; border-right: none;">1</span> year </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 355,336 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 418,450 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span style="border-left: none; border-right: none;">1</span> to <span style="border-left: none; border-right: none;">2</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 282,945 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 322,165 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span style="border-left: none; border-right: none;">2</span> to <span style="border-left: none; border-right: none;">3</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 240,984 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 227,785 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span style="border-left: none; border-right: none;">3</span> to <span style="border-left: none; border-right: none;">4</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 188,002 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 189,744 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span style="border-left: none; border-right: none;">4</span> to <span style="border-left: none; border-right: none;">5</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 158,559 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 147,977 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> More than <span style="border-left: none; border-right: none;">5</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 891,997 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,003,655 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,117,823 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,309,776 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><span style="line-height: inherit;">The contracts </span><span style="line-height: inherit;">of </span><span style="line-height: inherit;">leases payable are substantially indexed by the IGP-M. </span></span></p>
<p style="margin: 0pt; line-height: 1.2;"><br/></p>
<div>
 </div>
<p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b.<span>1</span>. Discount rates</span></p>

<p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The weighted nominal average discount rates for the lease contracts of the Company are:</span></p>
<div id="t_ft_1MNM9DDXS000000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 90px; width: 100.045%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Contracts by maturity date and discount rate </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Maturity dates of the contracts </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Rate (% p.a.) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 89%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> From <span style="border-left: none; border-right: none;">1</span> to <span style="border-left: none; border-right: none;">5</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10.56% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> From <span style="border-left: none; border-right: none;">6</span> to <span style="border-left: none; border-right: none;">10</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10.16% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> From <span style="border-left: none; border-right: none;">11</span> to <span style="border-left: none; border-right: none;">15</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9.81% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> More than <span style="border-left: none; border-right: none;">15</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9.68% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt; text-align: left; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="text-align: justify; font-style: italic; font-weight: bold; line-height: inherit;">c</span><span style="text-align: justify; font-style: italic; font-weight: bold; line-height: inherit;">. Lease contracts of leases of low-value assets and short-term leases</span></span></p> </div>
<div style="line-height: 1.2;">

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 48px; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: left; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Up to <span>1</span> year </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Between <span>1</span> and <span>5</span> years </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: left; background-color: #cceeff; height: 16px; width: 65%;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,637 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,659 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: left; height: 16px;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,693 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,872 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9,565 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table>
<p style="margin: 2pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p>
<p style="margin: 2pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The amount of leases considered as of low value, short term and variable payments, recognized as an expense for the year ended December 31, 2024 was R$ 9,850 (R$ 7,794 for the year ended December 31, 2023</span><span style="line-height: inherit;"> and R$ </span><span style="line-height: inherit;">18,466 for the year ended December 31,2022</span></span><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'times new roman', times; line-height: inherit;">).</span></span></span></p> </div> <span></span>
</td>
</tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfLeasesExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for leases.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2024-01-01<br> -Section Presentation<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2024-en-r&amp;doctype=Standard&amp;dita_xref=IFRS16_g47-50_TI<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2024-01-01<br> -Section Disclosure<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2024-en-r&amp;doctype=Standard&amp;dita_xref=IFRS16_g51-60_TI<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Property, plant, and equipment<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory', window );">Property, plant, and equipment</a></td>
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<div style="line-height: 1.2;">
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a class="customBookmark" href="#TOC" id="BJKB13_1422025194822359" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">13. Property, plant, and equipment</span></a></div>

<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Property, plant and equipment items are measured at acquisition or construction cost, which also includes costs directly attributable to bringing the asset to operating conditions, including borrowing costs on qualifying assets and non-recoverable taxes, as well as, when applicable, the estimated costs of dismantling and removing property, plant and equipment and restoring the site where the asset is located, less accumulated depreciation and impairment losses. The borrowing costs related to funds raised for construction in progress shall be capitalized until the completion of these projects.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Depreciation is calculated using the straight-line method, taking into consideration the estimated useful lives of the assets, which are reviewed annually. Leasehold improvements are depreciated over the shorter of the contract term and the useful life of the asset.</span></p>
<p style="margin: 0pt;"><br/></p>

<div style="line-height: 1.2;">
<div id="t_ft_8L510IVIHC00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 99.8645%; text-indent: 0px; height: 440px;" width="100%">
<tbody>
<tr style="height: 32px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 29.0295%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 32px; width: 7.97227%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average useful life (years) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 7.97227%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 1.03986%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 7.97227%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 1.03986%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 7.97227%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Depreciation </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 1.03986%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 7.97227%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Transfers (i) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 1.03986%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 7.97227%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 1.03986%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 7.97227%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Acquisition of subsidiaries (ii) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 1.03986%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 7.97227%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 1.03986%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 29.0295%; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.97227%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 7.97227%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1.03986%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 7.97227%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1.03986%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 7.97227%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1.03986%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 7.97227%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1.03986%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 7.97227%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1.03986%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 7.97227%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1.03986%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 7.97227%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1.03986%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Land </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 607,152 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,968 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,073 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (15,569 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 609,624 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Buildings </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 31 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,646,996 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,904 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 149,065 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (61,770 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,902 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,745,097 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leasehold improvements </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,292,998 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 37,867 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 99,777 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (15,300 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,415,342 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Machinery and equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,530,184 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 143,782 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 99,603 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (16,382 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,183 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,758,370 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Automotive fuel/lubricant distribution equipment and facilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,361,637 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 80,317 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 70,966 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (327,319 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,825 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,199,426 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> LPG tanks and bottles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,006,398 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 116,503 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (37,114 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,085,787 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 371,434 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 111,735 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (29,884 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (62,657 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,257 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 395,885 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Furniture and fixtures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 212,640 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,649 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (154 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,965 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 402 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 221,572 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IT equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 318,721 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,259 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,950 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,780 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 321,250 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Construction in progress </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 783,496 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,022,967 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (455,740 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,831 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,347,892 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Advances to suppliers </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 32,557 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 19,834 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,558 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (867 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 44,966 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Imports in progress </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,107 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,127 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,106 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,128 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 29.0295%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,167,320 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,582,912 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (76,908 </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (547,554 </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 22,569 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14,148,339 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 29.0295%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated depreciation: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Buildings </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (536,518 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (54,110 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,126 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 28,014 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (134 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (558,622 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leasehold improvements </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (683,187 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (75,957 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,798 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,430 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (748,916 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Machinery and equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,147,842 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (208,103 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,776 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,612 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (405 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,347,962 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Automotive fuel/lubricant distribution equipment and facilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,238,843 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (164,248 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,870 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 289,359 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,082 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,122,684 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> LPG tanks and bottles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (605,298 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (92,219 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,449 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">- </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (670,068 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (181,511 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (35,066 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 35,776 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 26,792 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (613 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (154,622 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Furniture and fixtures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (130,117 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (15,718 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 642 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,784 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (84 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (142,493 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IT equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (254,952 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (22,246 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,136 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,387 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">- </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (265,675 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 29.0295%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,778,268 </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (667,667 </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 44,384 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 392,827 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,318 </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,011,042 </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for impairment losses </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,471 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (21 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 161 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,331 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net amount </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,387,581 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,582,891 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (667,667 </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (32,524 </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (154,566 </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 20,251 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,135,966 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(i) <span><span style="border-right: none; border-left: none;">The remaining balance refers to R$ 22,348 transferred to right-of-use assets and R$ 10,176 transferred to intangible assets.</span></span></span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">(ii) <span>For further information, see Note 27.</span></span></span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><br/></p>
<div>
 </div>
<div id="t_ft_NPNUUNKATC00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 99.8645%; text-indent: 0px; height: 439px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 28.9565%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average useful life (years) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.956522%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.956522%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Depreciation </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.956522%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Transfers (i)</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.956522%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.956522%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Acquisition of subsidiaries </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.956522%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Balance as </span><br/><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">of </span><br/><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 28.9565%; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8%; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 8%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 0.956522%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 8%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 0.956522%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 8%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 0.956522%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 8%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 0.956522%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 8%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 0.956522%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 8%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 0.956522%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 8%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1.04348%; background-color: #cceeff; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Land </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">- </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 619,116 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,053 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,316 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (16,369 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 36 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 607,152 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Buildings </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 31 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,532,506 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 198,398 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (111,899 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 891 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,646,996 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leasehold improvements </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,169,326 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 30,348 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 90,557 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (12,458 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15,225 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,292,998 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Machinery and equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,186,759 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 111,726 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 133,554 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (14,634 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 112,779 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,530,184 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 28.9565%;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Automotive fuel/lubricant distribution equipment and facilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,213,123 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 0.956522%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 86,714 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 0.956522%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 0.956522%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 143,010 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 0.956522%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (92,744 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 0.956522%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11,534 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 0.956522%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,361,637 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1.04348%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> LPG tanks and bottles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 920,287 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 129,567 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 431 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (43,887 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,006,398 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 325,094 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 24,661 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,351 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (9,473 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 29,801 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 371,434 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Furniture and fixtures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 201,708 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,326 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,649 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,547 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,504 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 212,640 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IT equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 303,023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 19,787 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,516 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (10,750 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,145 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 318,721 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Construction in progress </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 694,726 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 650,828 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (567,114 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,056 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 783,496 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Advances to suppliers </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 18,139 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 20,501 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,263 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 180 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 32,557 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Imports in progress </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 902 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,205 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,107 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 28.9565%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,184,709 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,116,816 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,405 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (316,761 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 179,151 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,167,320 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 28.9565%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated depreciation: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Buildings </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (591,812 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (46,187 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 101,919 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (438 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (536,518 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leasehold improvements </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (618,256 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (71,139 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,858 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,650 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (683,187 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Machinery and equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,926,954 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (194,666 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,499 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (39,721 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,147,842 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;">)</td> </tr>
<tr style="height: 32px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 28.9565%;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Automotive fuel/lubricant distribution equipment and facilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,113,657 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 0.956522%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 0.956522%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (181,233 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 0.956522%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 0.956522%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 60,982 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 0.956522%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,935 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 0.956522%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,238,843 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 1.04348%;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> LPG tanks and bottles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (557,260 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208;  </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (83,777 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 35,739 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (605,298 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (154,177 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (29,483 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,608 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,459 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (181,511 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Furniture and fixtures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (118,438 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208;  </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (14,032 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,052 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (699 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (130,117 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IT equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (239,978 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208;  </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (23,721 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,058 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,311 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (254,952 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 28.9565%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,320,532 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (644,238 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 239,715 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (53,213 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,778,268 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.04348%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for impairment losses </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,764 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (89 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 382 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,471 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net amount </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,862,413 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,116,727 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (644,238 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;"><span style="font-size: 10pt;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,405 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (76,664 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;"><span style="font-size: 10pt;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 125,938 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,387,581 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><br/></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(i) <span>Refers to R$ 1,086 transferred to intangible assets and R$ 4,491 transferred from right-of-use assets.</span></span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Construction in progress relates substantially to expansions, renovations, constructions and upgrade of the terminals&#8217; assets, service stations and distribution bases.</span></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Advances to suppliers are basically related to manufacturing of assets for expansion of terminals, distribution bases and acquisition of real estate.</span></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><br/></p>
<div>
 </div>
<div id="t_ft_PA8ZA7ZW8000000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 99.8645%; height: 252px;" width="100%">
<tbody>
<tr style="height: 47px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average useful life (years) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2021 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Depreciation </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Transfers (i) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Acquisition of subsidiaries (see Note <span>27</span>) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 28%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 1%;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Land </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 610,294 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 23,539 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (14,717 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 619,116 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Buildings </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 32 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,486,721 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 20,020 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 73,744 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (47,979 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,532,506 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leasehold improvements </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,056,179 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 40,685 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 82,317 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (9,855 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,169,326 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Machinery and equipment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,024,577 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 99,477 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 70,150 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,518 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 73 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,186,759 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Automotive fuel/lubricant distribution equipment and facilities </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,245,586 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 96,208 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,680 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (141,351 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,213,123 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> LPG tanks and bottles </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 840,931 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 94,356 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (15,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 920,287 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 288,239 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 33,452 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,050 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,647 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 325,094 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Furniture and fixtures </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 168,092 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 34,905 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,140 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,531 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 102 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 201,708 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IT equipment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 330,375 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 24,069 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,053 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (53,863 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 389 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 303,023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Construction in progress </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 452,248 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 482,043 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (239,082 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (483 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 694,726 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Advances to suppliers </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14,281 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 35,887 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (32,029 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 18,139 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Imports in progress </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 181 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 902 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (181 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 902 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11,517,704 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 962,004 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,381 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (301,944 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom"><span style="font-size: 10pt;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 564 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,184,709 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><br/></p>
<div id="t_ft_G3B07BE3EO00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 266px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 28%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated depreciation: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 9%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Buildings </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (585,846 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (42,195 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 36,229 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (591,812 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leasehold improvements </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (573,553 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (58,172 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 606 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,863 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (618,256 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Machinery and equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,758,401 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (175,567 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (10 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,926,954 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Automotive fuel/lubricant distribution equipment and facilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,050,533 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (175,899 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 112,778 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,113,657 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> LPG tanks and bottles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (498,310 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (69,860 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,910 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (557,260 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (133,149 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (23,713 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,685 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (154,177 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Furniture and fixtures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (112,288 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (11,496 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (603 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,953 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (118,438 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IT equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (269,534 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (23,933 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 53,526 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (37 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (239,978 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,981,614 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (580,835 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 241,968 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (51 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,320,532 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for impairment losses: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Land </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (146 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (146 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leasehold improvements </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (18 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (12 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (30 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Machinery and equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,289 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (27 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (250 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,566 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Automotive fuel/lubricant distribution equipment and facilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (46 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 24 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (22 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,499 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (39 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (226 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,764 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,534,591 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 961,965 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (580,835 </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,381 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (60,202 </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 513 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,862,413 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">(i) <span><span style="border-right: none; border-left: none;">Refers to R$ 1,070 transferred from intangible assets and R$ 5,311 transferred from right-of-use assets.</span></span></span></span></p> </div>  </div> <span></span>
</td>
</tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for property, plant and equipment.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2024-01-01<br> -Section Disclosure<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2024-en-r&amp;doctype=Standard&amp;dita_xref=IAS16_g73-79_TI<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory</td>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Intangible assets<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<div>
<div style="background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><a class="customBookmark" href="#TOC" id="BSD_1_142202517832299" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">14. Intangible assets</span></a></div>

<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Intangible assets include assets acquired by the Company and its subsidiaries from third parties, and are recognized according to the criteria below:</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><span style="line-height: inherit;">&#8226;</span><span style="line-height: inherit;"> </span><span style="line-height: inherit;">Goodwill is shown as intangible assets corresponding to the positive difference between the amount paid or payable to the seller and the fair value of the identifiable assets and liabilities assumed of the acquired entity. Goodwill is tested for impairment annually or more frequently when there is indication that the goodwill might be impaired. Goodwill is allocated to the</span><span style="line-height: inherit;"> cash generating units</span><span style="line-height: inherit;">, which represent the lowest level </span><span style="line-height: inherit;">at which</span><span style="line-height: inherit;"> goodwill is monitored for impairment testing purposes.</span></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><span style="line-height: inherit;">&#8226;</span><span style="line-height: inherit;"> </span><span style="line-height: inherit;">Other intangible assets acquired from third parties, such as software, technology, and commercial property rights, are measured at the amount paid on acquisition and amortizedusing the straight-line method, according to their useful lives, and are reviewed annually.</span></span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><span style="line-height: inherit;">&#8226;</span><span style="line-height: inherit;"> </span><span style="line-height: inherit;">The decarbonization credits (&#8220;CBIOS&#8221;) acquired are recorded at historical cost in intangible assets, being prescribed according to decree in the year to fulfill the individual target set by the National Agency of Petroleum, Natural Gas and Biofuels (&#8220;ANP&#8221;) and are not amortized. These assets are used to settle the annual decarbonization obligation adopted by Brazilian National Biofuels Policy (&#8220;RenovaBio&#8221;), implemented by Law No. <span>13,576</span>/<span>2017</span>, with additional regulations established by Decree No. <span>9,888</span>/<span>2019</span> and Ordinance No. <span>419</span> of November 20, 2019 issued by the Brazilian Ministry of Mines and Energy. The obligation is recorded under a specific line item of the statement of financial position and is measured according to the target established by the ANP, through the average acquisition cost of credits acquired or the fair value of credits traded on B<span>3</span> on the closing date for the credits to be acquired.</span></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries have goodwill and brands acquired in business combinations, which are evaluated as intangible assets with indefinite useful life.</span></p>  </div>
<div style="line-height: 1.2;">
<p style="margin: 0pt;"><br/></p>

<div id="t_ft_CINWO9DLJK00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 314px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%">
<tbody>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average useful life (years) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Amortization </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Transfers (i) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Foreign exchange variations </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Acquisition of subsidiaries (ii) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 3px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 23%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill (a) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 943,125 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (115 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 39,349 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 982,359 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Software (b) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,503,601 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 226,098 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (18,475 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,969 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 108 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 282 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,707,645 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Distribution rights </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 155,174 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 20,101 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,412 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 176,687 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Brands (c) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 62,303 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (948 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 61,366 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trademark rights (c) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 30 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 120,960 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 41 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 121,001 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15,127 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 224 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,211 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (529 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,611 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px 0px 0px 15px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Decarbonization credits (CBIO) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 710,710 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 713,453 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (389 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,423,452 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 322 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,511,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 959,917 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (22,726 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,427,950 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 108 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 39,642 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,059,991 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 3px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated amortization: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Software </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (826,773 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (222,487 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 32,886 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,756 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,013,618 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Distribution rights </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (106,145 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,860 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 16 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 170 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (110,819 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trademark rights </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (18,931 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,389 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 323 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (22,997 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,234 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (301 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,308 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,227 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (957,083 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (232,037 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 32,902 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,557 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,151,661 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 3px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net amount </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,553,917 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 959,917 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (232,037 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,176 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,423,393 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 108 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 39,642 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,908,330 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt;"><br/></p>
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(i) <span>Refers to R$ 10,176 transferred from property, plant and equipment.</span></span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><span style="line-height: inherit;">(ii) <span>For further information, see Note 27.</span></span></span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><br/></p>
<div>
 </div>
<div id="t_ft_KQWXCNLT2O00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 282px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average useful life (years) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Amortization </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Transfers (i)</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Foreign exchange variations </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Acquisition of subsidiaries </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.520446%; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.520446%; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.520446%; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.520446%; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.520446%; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.743494%; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.520446%; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.520446%; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill (a) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 917,775 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 25,350 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 943,125 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Software (b) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,299,088 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 273,310 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,086 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (79,909 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,026 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,503,601 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Distribution rights </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 114,593 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,357 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 39,224 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 155,174 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Brands (c) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 65,647 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,344 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 62,303 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trademark rights (c) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 30 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 114,792 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 25 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,143 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 120,960 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 177 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14,953 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15,127 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Decarbonization credits (CBIO) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 232,305 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 778,885 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (300,480 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 710,710 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,744,377 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,053,577 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,086 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (380,392 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,344 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 95,696 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,511,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated amortization: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Software </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (708,659 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (192,976 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 79,720 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,858 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (826,773 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Distribution rights </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (102,037 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,956 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,152 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (106,145 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trademark rights </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (14,930 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,889 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (112 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (18,931 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (402 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,835 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,234 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (826,028 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (204,656 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 79,723 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,122 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (957,083 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net amount </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,918,349 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,053,577 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (204,656 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,086 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (300,669 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,344 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 89,574 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,553,917 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(i) <span>Refers to R$ 1,086 transferred to intangible assets and R$ 4,491 transferred from right-of-use assets.</span></span></p>
<p style="margin: 0pt;"><br/></p>
<div style="border-left: none; border-right: none;">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 302px;" width="100%">
<tbody>
<tr style="height: 29px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 29px; width: 22.0103%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; border-bottom: 1px solid #000000; width: 7.99707%;">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average useful life (years) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 29px; width: 1.02715%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.99707%;">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2021 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; border-bottom: 1px solid #000000; width: 7.99707%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.99707%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Amortizations </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.99707%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Transfers (i) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.99707%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.99707%;">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Exchange rate variation </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.99707%;">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 22.0103%; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.99707%; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.99707%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.99707%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.99707%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.99707%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.99707%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.99707%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.99707%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill (a) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 818,096 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 99,679 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 917,775 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Software (c) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,146,980 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 277,600 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 173 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (125,665 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,299,088 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Distribution rights </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 114,593 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 114,593 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Brands (d) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 69,198 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,551 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 65,647 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trademark rights (d) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 39 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 114,792 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 114,792 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 421 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 999 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,243 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 177 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Decarbonization credits (CBIO) (b) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 7.99707%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 635,130 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (402,825 </span></p> </td>
<td style="padding: 0px 0px 0.5px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 232,305 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,264,080 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,013,408 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,070 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (528,490 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,551 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,744,377 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated amortization: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Software </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (679,402 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (154,122 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 124,865 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (708,659 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Distribution rights </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (101,027 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,010 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (102,037 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trademark rights </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (11,993 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,937 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (14,930 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (402 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (402 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (792,824 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (158,069 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 124,865 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (826,028 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 22.0103%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net amount </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 7.99707%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; width: 7.99707%; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,471,256 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; width: 7.99707%; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,013,408 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; width: 7.99707%; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (158,069 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; width: 7.99707%; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,070 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; width: 7.99707%; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (403,625 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; width: 7.99707%; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,551 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; width: 7.99707%; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,918,349 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(i) <span>Refers to R$ 1,070 transferred to property, plant and equipment</span></span></p>
 </div>
<div>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br/></span></p>
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Goodwill</span></p>

<div id="t_ft_V32NZPRQQO00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 99.6726%; text-indent: 0px; height: 229px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Segment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill on the acquisition of: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 20%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 10px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 19px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga <sup>(i) </sup></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 19px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 19px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 19px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 276,724 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 19px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 19px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 19px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 276,724 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 19px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Uni&#227;o Terminais </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultracargo </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 211,089 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 211,089 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Texaco </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 177,759 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 177,759 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Stella </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 103,051 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 103,051 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Iconic (CBLSA) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 69,807 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 69,807 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> WTZ (<span>27</span>.b) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 52,038 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Temmar </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultracargo </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 43,781 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 43,781 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> DNP </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 24,736 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 24,736 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Repsol </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,403 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,403 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Neog&#225;s </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,761 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,761 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Serra Diesel </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultrapar </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,413 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14,217 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> TEAS </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultracargo </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 797 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 797 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 10px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 982,359 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 943,125 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><span style="line-height: inherit;">As of December 31, 2024, the Company assessed the balances of goodwill shown in the table above for impairment. The determination of value in use involves assumptions, judgments, and estimates of cash flows, such as growth rates of revenues, costs and expenses, estimates of investments and working capital, and discount rates. The assumptions about growth projections of future cash flows are based on the Company&#8217;s business plan of its operating segments, as well as comparable market data, and represent management&#8217;s best estimate of the </span><span style="line-height: inherit;">future </span><span style="line-height: inherit;">economic conditions. The main key assumptions used by the Company to calculate the value in use are described below. </span></span></p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Period of evaluation: period of five years, after which the Company calculates the perpetuity, considering the possibility of carrying the business on indefinitely. </span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><span style="line-height: inherit;">Discount rate and </span><span style="line-height: inherit;">real</span> <span style="line-height: inherit;">growth rate: the </span><span style="line-height: inherit;">nominal </span><span style="line-height: inherit;">discount and real growth rates used to extrapolate the projections at December 31, 2024 ranged from 10.3% to 11.7% and -0.5% to 0.5% p.a., respectively, depending on the </span><span style="line-height: inherit;">acquisition </span><span style="line-height: inherit;">analyzed. </span></span></p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><span style="line-height: inherit;">Revenue from sales and services, costs and expenses, and gross margin: considers the budget prepared for <span>2025</span> and the long-term strategic plan prepared by </span><span style="line-height: inherit;">M</span><span style="line-height: inherit;">anagement and presented to the Board of Directors.</span></span></p>
<p style="margin: 0pt; line-height: 1.2;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><span style="line-height: inherit;">Goodwill from investments in joint ventures and associates </span><span style="line-height: inherit;">is</span><span style="line-height: inherit;"> presented under investments, for further information see Note <span>11</span>.</span></span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Software</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-size: 10pt; line-height: 1.2; font-family: 'times new roman', times;"><span style="line-height: inherit;">Includes user licenses and costs for the implementation of the various systems used by the Company and its subsidiaries: integrated management and control, financial management, foreign trade, industrial automation, operational and storage management, accounting information, and other systems. Also include</span><span style="line-height: inherit;">s</span><span style="line-height: inherit;"> expenses related to software in progress in the amount of R$ 84,421 </span><span style="line-height: inherit;">in</span><span style="line-height: inherit;"> <span style="border-left: none; border-right: none;">2024</span> (R$ 11,200 </span><span style="line-height: inherit;">in</span><span style="line-height: inherit;"> <span style="border-left: none; border-right: none;">2023</span></span><span style="line-height: inherit;"> and R$ </span><span style="line-height: inherit;">R$ 18,673</span> <span style="line-height: inherit;">in <span style="border-left: none; border-right: none;">2022</span></span><span style="line-height: inherit;">).</span></span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Brands and trademarks rights</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><span style="font-family: 'times new roman', times;">Brands are represented by the a</span>cquisition cost of the &#8216;am/pm&#8217; brand in Brazil and the NEOg&#225;s brand, acquired in the business combination, and Chevron and Texaco trademarks rights.</span></p> </div> <span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of intangible assets and goodwill. [Refer: Intangible assets and goodwill]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Loans, financing, debentures and derivative financial instruments<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfBorrowingsExplanatory', window );">Loans, financing, debentures and derivative financial instruments</a></td>
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<div style="background-color: #002060; margin: 0pt; break-after: avoid; break-before: page; break-inside: avoid; text-align: justify; line-height: 1.2;"><a class="customBookmark" href="#TOC" id="BJKB15_1422025194854531" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">15. Loans, financing, debentures and derivative financial instruments</span></a></div>

<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Financial liabilities are initially recognized at fair value, net of transaction costs incurred, and are subsequently measured at amortized cost or at fair value through profit or loss and updated using the effective interest rate and including charges. The financial liabilities at fair value through profit or loss refer to derivative financial instruments and financial liabilities designated as hedged items in a fair value hedge relationship upon initial recognition (see Note <span>2</span></span><span style="line-height: inherit;"><span>5</span></span><span style="line-height: inherit;">.g.<span>1</span>). Any difference between the proceeds (net of transaction costs) and the total amount payable is recognized in the statement of income over the period of the borrowings using the effective interest rate method. Fees paid on the contracting of loans are recognized as transaction costs and amortized taking into account the term of the loan, using the effective interest rate method.</span></span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Breakdown</span></p>

<table cellpadding="0" cellspacing="0" style="height: 516px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 27.8426%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9534%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9534%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9534%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9534%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1.47493%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 21.8659%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Consolidated </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 27.8426%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Description </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 11.9534%;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Index/Currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 11.9534%;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average financial charges <span>2024</span> (p.a.) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 11.9534%;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average hedging instruments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 11.9534%;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Maturity </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1.47493%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.91254%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1.02041%;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1.02041%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.91254%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign currency: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 11.9534%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 11.9534%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 11.9534%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 11.9534%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 1.47493%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 9.91254%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 1.02041%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 1.02041%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 9.91254%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1.45773%; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Notes in the foreign market </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5.25% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 139.0% of DI** </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2026 to 2029</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,710,980 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,694,339 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign loan </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> JPY </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1.31% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 109.4% of DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2025 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 501,524 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 439,852 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign loan </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> EUR </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4.39% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 109.2% of DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2025 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 778,147 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 126,171 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign loan </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4.57% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 105.9% of DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2025 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 691,006 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,018,429 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total in foreign currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 6,681,657 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 5,278,791 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Brazilian Reais: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Debentures &#8211; CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IPCA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5.30% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 103.1% of DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2025 to 2032</span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,456,111 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,434,287 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CCB </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CDI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 107.0% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2025 to 2026</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,464,624 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 552,407 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Debentures - Ultragaz </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CDI + </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 0.74% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2027 to 2029</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 731,667 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Debentures &#8211; Ultracargo </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IPCA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4.11% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 111.4% of DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2028 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 534,706 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 556,677 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Debentures &#8211; CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Fixed rate </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11.17% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 104.3% of DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2027 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 477,827 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 539,914 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CDCA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CDI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 0.92% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2027 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 534,374 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Debentures &#8211; CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CDI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 0.70% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2027 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 490,971 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 488,269 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CDCA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CDI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 108.7% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2025 to 2027</span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 293,374 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 201,848 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Constitutional Fund </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IPCA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2.93% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 69.5% of DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2028 to 2041</span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 114,472 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Debentures &#8211; Ultracargo </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IPCA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6.28% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2032 to 2034 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 80,048 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> FINEP </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> TJLP </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1.00% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2025 to 2026</span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 679 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,264 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Debentures &#8211; Ultracargo </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6.47% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 99.9% of DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 87,826 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total in Brazilian Reais </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 7,178,853 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 5,862,492 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 27.8426%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total in foreign currency and Brazilian Reais </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 11.9534%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 11.9534%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 11.9534%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 11.9534%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1.47493%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; width: 9.91254%; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 13,860,510 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1.02041%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1.02041%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; width: 9.91254%; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 11,141,283 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; width: 1.45773%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Derivative financial instruments (*) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 441,600 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 626,734 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 14,302,110 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 11,768,017 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 3,552,760 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,993,254 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>1</span> to <span>2</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,261,425 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,879,412 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>2</span> to <span>3</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,611,526 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,243,967 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>3</span> to <span>4</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,062,967 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,023,820 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4</span> to <span>5</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,437,398 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,691,595 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> More than <span>5</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,376,034 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,935,969 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 10,749,350 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 9,774,763 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr> </tbody> </table>
<p style="margin: 0pt; line-height: 1.2;"><br/></p>
<div>
 </div>
<div id="t_ft_K0PWRK984W00000000000000000000b">
<table style="width: 100%; margin: 0px; height: 32px; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr style="height: 16px;">
<td style="width: 3%; height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(*) </span></td>
<td style="width: 97%; height: 16px; vertical-align: top;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">Accumulated losses (see Note <span style="border-left: none; border-right: none;"><span>2</span></span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;"><span style="border-left: none; border-right: none;"><span>5</span></span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">.f).</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(**) </span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">Considers a protection instrument for a notional amount of US$ 300 million. Does not include the result of financial investments in</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;"> dollars used as a natural hedge to the amount without protection instrument</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">.</span></span></td> </tr> </tbody> </table> </div>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p>

<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The changes in loans, financing, debentures and derivative financial instruments are shown below:</span> <br/></p>
<div id="t_ft_KALH0GPBWW00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 415px; width: 100.001%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 89%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2021 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 16,377,643 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> New loans </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,519,580 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest accrued </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 945,023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Principal payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,848,611 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (914,979 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Monetary variantions and foreign variations </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (587,064 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Change in fair value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (68,366 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Hedge result </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 327,135 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 11,750,361 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> New loans </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,903,031 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest accrued </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 761,052 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Principal payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,149,525 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (742,724 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Monetary variations and foreign exchange variations </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (319,488 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Change in fair value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 351,560 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Hedge result </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 102,422 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Balance of acquired company (see Note <span>27</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 111,328 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 11,768,017 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> New loans </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,179,974 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest accrued </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 846,329 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Principal payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,718,953 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (798,653 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Monetary variations and foreign exchange variations </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,675,583 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Change in fair value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (465,053 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Hedge result </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (185,134 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 14,302,110 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The transaction costs associated with debt issuance were deducted from the balance of the related liability and recognized in profit or loss according to the effective interest rate method. As of December 31, 2024, the amount recognized in profit or loss was R$ 18,928 (R$ 19,626 as of December 31, 2023 and R$ 30,420 as of December 31,2022). The balance to be recognized in the next years is R$ 69,914 (R$ 84,516 as of December 31, 2023).</span></span></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 1.2;">
<p style="margin: 9pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; text-indent: 0pt;">b. Guarantees</span></p> </div>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 1.2; margin: 0pt 0pt;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0pt; text-align: justify;">As of December 31, 2024, there was R$ 114,472 in financing that had real guarantees. There was also R$ 13,586,936 (R$ 10,966,890 as of December 31, 2023) in financing without real guarantees with sureties or promissory notes.</p> </div>
<div>
<div id="t_ft_6YIVFB9LJ400000000000000000000b">
 </div> </div>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; font-family: 'times new roman', times;"><span style="text-indent: 0pt; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries offer collateral in the form of letters of guarantee for commercial and legal proceedings in the amount of R$ 97,947 as of December 31, 2024 (R$ 103,600 as of December 31, 2023).</span> </p> </div>
<div style="line-height: 1.2; margin: 9pt 0pt; text-indent: 0pt;">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Subsidiary Ipiranga issues collateral to financial institutions in connection with the amounts payable by some of its customers to such institutions, with maximum future settlements related to these guarantees </span><span style="line-height: inherit;">in</span><span style="line-height: inherit;"> the amount of R$ 219,700 (R$ 397,152 as of December 31, 2023). If subsidiary Ipiranga is required to make any payment under these collateral arrangements, this subsidiary may recover the amount paid directly from its customers through commercial collection. Until December 31, 2024, subsidiary Ipiranga did not have losses in connection with these collateral arrangements.</span></span></p> </div>
<div style="line-height: 1.2;">
<p style="margin: 9pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Relevant operations contracted in the year</span> </p>

<p style="margin: 0pt 0pt 9pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The main operations contracted in the year are shown below:</span> </p>
<div id="t_ft_VAS0QTMOM800000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 282px; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Description </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Index/ Currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Financial charges </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Hedging instruments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Issuance date </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Maturity </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Principal </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Principal in R$ </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Remuneration payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Nominal amount payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Company </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 16px; width: 6.96151%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CDCA </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 6.96151%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> %DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 0.982801%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 6.96151%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 108.00% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 0.982801%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 6.96151%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> N/A </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 0.982801%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 8.02621%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span style="border-right: none; border-left: none;">Jan/24</span> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 0.982801%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 8.02621%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jan/25 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 0.982801%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 8.02621%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 80,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 0.982801%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 8.02621%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 80,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 11.9574%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Quarterly </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 11.9574%; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 9.99181%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4131 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> EUR </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4.33% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 111.9% of DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jan/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jan/25 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> EUR 23,500 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 126,195 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Semiannually </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Iconic </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CCB </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> %DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 108.37% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> N/A </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mar/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mar/25 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 500,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 500,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Annually </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4131 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> EUR </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4.43% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 108.5% of DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mar/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mar/25 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> EUR 46,040 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 247,099 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4131 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> JPY </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1.32% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 108.9% of DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mar/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Aug/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> JPY 3,760,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 123,742 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultracargo Log&#237;stica </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4131 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> EUR </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4.38% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 108.5% of DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mar/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mar/25 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> EUR 45,977 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 246,897 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultracargo Log&#237;stica </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CCB </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> %DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 108.37% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> N/A </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Apr/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Apr/26 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 500,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 500,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Annually </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4131 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6.11% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 112.4% of DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Apr/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Apr/25 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD 9,728 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 48,601 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Semiannually </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Iconic </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CDCA </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> DI + </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 0.92% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> N/A </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> May/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Apr/27 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 500,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 500,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Annually </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4131 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> JPY </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1.44% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 108.1% of DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> May/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Oct/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> JPY 7,530,077 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 258,500 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultracargo Log&#237;stica </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CDCA </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> %DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 109.00% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> N/A </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jun/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Apr/27 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 200,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 200,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Quarterly </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">2026 and 2027</span></span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CDI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 0.65% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> N/A </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jul/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jul/27 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 455,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 455,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Semiannually </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cia Ultragaz </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CDI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 0.90% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> N/A </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jul/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jul/29 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 245,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 245,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Semiannually </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cia Ultragaz </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IPCA </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6.28% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> N/A </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Aug/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jun/34 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 80,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 80,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Semiannually </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultracargo Log&#237;stica </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4131 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> SOFR </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1.29% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 112.5% of DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Sept/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Sept/25 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD 4,535 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 25,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Quarterly </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Serra Diesel </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CCB </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> %DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 103.00% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> N/A </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Nov/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Nov/25 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 370,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 370,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Iconic </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> FNE </span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IPCA </span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2.93% </span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 69.5% of DI </span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Dec/24 </span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Nov/41 </span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 151,464 </span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 151,464 </span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Monthly with grace period </span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2028 to 2041</span></span></span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultracargo Log&#237;stica </span></p> </td> </tr> </tbody> </table> </div>
<div>
<div id="t_ft_JXD350933400000000000000000000b">
 </div> </div> </div>
<div style="line-height: 1.2;">
<p style="margin: 9pt 0pt; line-height: 1.2; text-indent: 0pt; font-family: 'times new roman', times;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; line-height: inherit;">d. Debentures</span> </p>
<p style="margin: 9pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Refers to funds raised by Company and its subsidiaries used, substantially, on the ordinary course of its business.</span> </p>

<table cellpadding="0" cellspacing="0" style="height: 160px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.88235%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Issuance date </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 8.5%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Nature </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Company </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 11.0294%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Issuing company </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.88235%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Issuance </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Series </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 6%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Maturity </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.20588%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Principal </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.41176%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Original remuneration </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 11.4706%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Hedge instrument/swap </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.85294%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Remuneration payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 6.76471%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Nominal amount payment </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Apr/17 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ipiranga Prod. De Petr&#243;leo S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Eco Consult - Consultoria de Oper. Financ. Agropecu&#225;rias Ltda. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>5</span><span style="font-size: 8pt;"><sup>th</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>2</span><span style="font-size: 8pt;"><sup>nd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Apr/24 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 352,361 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">IPCA + 4.68%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;">93.9% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Annually </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At maturity </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Oct/17 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ipiranga Prod. De Petr&#243;leo S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Vert Companhia Securitizadora </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>7</span><span style="font-size: 8pt;"><sup>th</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>2</span><span style="font-size: 8pt;"><sup>nd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Oct/24 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 213,693 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">IPCA + 4.34%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;">97.3% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Annually </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At final maturity </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Dec/18 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ipiranga Prod. De Petr&#243;leo S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Vert Companhia Securitizadora </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>8</span><span style="font-size: 8pt;"><sup>th</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>2</span><span style="font-size: 8pt;"><sup>nd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Dec/25 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 240,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">IPCA + 4.61%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;">97.1% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Annually </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At final maturity </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Nov/19 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ultracargo Logistica S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>1</span><span style="font-size: 8pt;"><sup>st</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Single </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Nov/24 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 90,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 6.47%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;">99.94% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Semiannually </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At final maturity </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Mar/21 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ultracargo Solu&#231;&#245;es Log&#237;sticas S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>1</span><span style="font-size: 8pt;"><sup>st</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Single </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Mar/28 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 360,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">IPCA + 4.04%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;">111.4% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Semiannually </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At final maturity </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Mar/21 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ultracargo Logistica S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>2</span><span style="font-size: 8pt;"><sup>nd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Single </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Mar/28 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 100,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">IPCA + 4.37%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;">111.4% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Semiannually </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At final maturity </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Sept/21 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ipiranga Prod. De Petr&#243;leo S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Vert Companhia Securitizadora </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>10</span><span style="font-size: 8pt;"><sup>th</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Single </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Sept/28 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 960,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">IPCA&#160; + 4.8287%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;">102.75% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Semiannually </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At final maturity </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jun/22 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ipiranga Prod. De Petr&#243;leo S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Vert Companhia Securitizadora </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>11</span><span style="font-size: 8pt;"><sup>th</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Single </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jun/32 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 1,000,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">IPCA + 6.0053%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;">104.8% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Semiannually </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">Annual from the 8<sup>th</sup> year</span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jun/23 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ipiranga Prod. De Petr&#243;leo S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Vert Companhia Securitizadora </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>12</span><span style="font-size: 8pt;"><sup>th</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>1</span><span style="font-size: 8pt;"><sup>st</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jun/27 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 325,791 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">11.17% p.a.</span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;">105.1% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Quarterly </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At final maturity </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jun/23 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ipiranga Prod. De Petr&#243;leo S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Vert Companhia Securitizadora </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>12</span><span style="font-size: 8pt;"><sup>th</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>2</span><span style="font-size: 8pt;"><sup>nd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jun/27 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 292,209 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">DI + 0.70% p.a.</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Quarterly </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At final maturity </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jul/23 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ipiranga Prod. De Petr&#243;leo S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Vert Companhia Securitizadora </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>13</span><span style="font-size: 8pt;"><sup>th</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>1</span><span style="font-size: 8pt;"><sup>st</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jul/27 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 200,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 11.17% p.a.</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;">102.9% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Quarterly </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At final maturity </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jul/23 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ipiranga Prod. De Petr&#243;leo S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Vert Companhia Securitizadora </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>13</span><span style="font-size: 8pt;"><sup>th</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>2</span><span style="font-size: 8pt;"><sup>nd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jul/27 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 200,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">DI + 0.70% p.a.</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Quarterly </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At final maturity </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jul/24 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Companhia Ultragaz S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>2</span><span style="font-size: 8pt;"><sup>nd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>1</span><span style="font-size: 8pt;"><sup>st</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jul/27 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 455,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">DI + 0.65% p.a.</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Semiannually </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At final maturity </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jul/24 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Companhia Ultragaz S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>2</span><span style="font-size: 8pt;"><sup>nd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>2</span><span style="font-size: 8pt;"><sup>nd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jul/29 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 245,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">DI + 0.90% p.a.</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Semiannually </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At final maturity </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Aug/24 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ultracargo Logistica S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>3</span><span style="font-size: 8pt;"><sup>rd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Single </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jul/34 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 80,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">IPCA + 6.28%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Semiannually </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At final maturity </span></p> </td> </tr> </tbody> </table>
<p style="margin: 8pt 0pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries contracted hedging instruments for variations of the respective indexes. The hedging instruments were designated as fair value hedges, therefore, debentures and hedging instruments are both presented at fair value from inception, with changes in fair value recognized in profit or loss. The debentures, loans and financing do not have financial covenants.</span></p> </div> <span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Trade payables<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory', window );">Trade payables</a></td>
<td class="text">
<div style="background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><a class="customBookmark" href="#TOC" id="BJKB16_1422025194916755" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">16. Trade payables</span></a></div>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 12pt; font-style: italic; font-weight: bold; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">a.</span> <span style="font-size: 10pt; line-height: inherit;">Trade payables</span></span></p>

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<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 79%; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Domestic suppliers </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit;"> 2,558,813 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit;"> 2,907,042 </span></p> </td> </tr>
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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade payables - domestic related parties (see Note <span>8</span>.b) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 23,432 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 82,843 </span></p> </td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign suppliers </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 776,052 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit;"> 1,628,177 </span></p> </td> </tr>
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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"> Trade payables - foreign related parties (see Note <span>8</span>.b) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 160,088 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 64,609 </span></p> </td> </tr>
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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> <span style="border-left: none; border-right: none;">3,518,385</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 4,682,671 </span></p> </td> </tr> </tbody> </table>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Trade payables - reverse factoring</span></p>

<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Trade payables - reverse factoring:</span><span style="font-size: 10pt; line-height: inherit;"> These operations consist </span><span style="font-size: 10pt; line-height: inherit;">of</span><span style="font-size: 10pt; line-height: inherit;"> the advance receipt of amounts by the supplier from financial institutions before their due date in order to provide to suppliers the opportunity to manage their receivables more effectively.</span></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The assignment of receivables does not result in any costs or fees with the financial institutions for the Company's subsidiaries, nor in the granting of guarantees of any type to these financial institutions. The decision to join this type of transaction is solely and exclusively of the supplier.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The agreement does not substantially change the main characteristics of the commercial conditions previously established between the subsidiaries of the Company and the suppliers. Therefore, the amounts payable to financial institutions for these transactions </span><span style="font-size: 10pt; line-height: inherit;">are </span><span style="font-size: 10pt; line-height: inherit;">presented in the line item of suppliers.</span></span></p>
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As of December 31, 2024, to accurately reflect the essence of commercial transactions, the balance reverse factoring transactions for which suppliers have already received payments was R$ 1,014,504 (R$ 1,039,366 as of December 31, 2023). The average payment term, in days, of suppliers that have joined the reverse factoring transactions and comparable suppliers is presented below:</span></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Consolidated </span></p> </td> </tr>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Reverse factoring </span></p> </td>
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<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Comparable suppliers<sup><span>1</span></sup></span></span></p> </td> </tr>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Average payment term </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 10%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12 </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8 </span></p> </td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><br/></span></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><span style="font-size: 8pt;"><sup>1</sup></span><span>Comparable suppliers are those that have not adhered to reverse financing agreements, considering specific characteristics of payment conditions.</span></span></span></p>  </div> <span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of trade and other payables. [Refer: Trade and other payables]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Employee benefits and private pension plan<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><a class="customBookmark" href="#TOC" id="Bnd321_1832025145338921" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><span style="color: #ffffff; font-weight: bold; line-height: inherit;"><span>17</span>. Employee benefits and private pension plan</span> </a></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><br/></p>

<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt; line-height: inherit;">The Company and its subsidiaries offer their employees a private pension plan of the defined contribution type and other benefits related to seniority bonus, payment of Government Severance Indemnity Fund for Employees (&#8220;FGTS&#8221;), health and dental care, and life insurance plan</span><span style="font-size: 10pt; line-height: inherit;">s</span><span style="font-size: 10pt; line-height: inherit;"> for eligible retirees</span><span style="font-size: 10pt; line-height: inherit;">. </span><span style="font-size: 10pt; line-height: inherit;">Annual actuarial studies, with the exception of the private pension plan, are prepared by an independent professional and reviewed by Management</span><span style="font-size: 10pt; line-height: inherit;">. The respective impacts are recognized in accordance with the projected unit credit method. The actuarial gains and losses are recognized in equity under &#8220;Accumulated other comprehensive income&#8221;.</span></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. ULTRAPREV - Associa&#231;&#227;o de Previd&#234;ncia Complementar</span></p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"><span style="font-family: 'times new roman', times;">In February 2001, the Company&#8217;s Board of Directors approved the adoption of a defined contribution pension plan to be sponsored by the Company and its subsidiaries. Participating employees have been contributing to this plan, managed by Ultraprev - Associa&#231;&#227;o de Previd&#234;ncia Complementar (&#8220;Ultraprev&#8221;), since August 2001. The Company and its subsidiaries do not take responsibility for guaranteeing amounts or the duration of the benefits received by the retired employee.</span> </span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt; line-height: inherit;">In <span style="border-left: none; border-right: none;">2024</span>, the Company</span><span style="font-size: 10pt; line-height: inherit;">&#8217;s</span><span style="font-size: 10pt; line-height: inherit;"> subsidiaries contributed R$ 22,482 to Ultraprev (R$ 22,482 in <span style="border-left: none; border-right: none;">2023</span></span><span style="font-size: 10pt; line-height: inherit;"> and R$ </span><span style="font-size: 10pt; line-height: inherit;">16,368 in <span style="border-left: none; border-right: none;">2022</span></span></span><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"><span style="font-family: 'times new roman', times;">).</span> </span></p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The balance of R$ 4,454 as of December 31, 2024 (R$ 18,271 as of December 31, 2023) regarding the reversal fund will be used to deduct normal sponsor contributions in a period of up to 18 months depending on the sponsor. The number of months is estimated according to the current amount being deducted from contributions of each sponsor.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The total number of participating employees as of December 31, 2024 is 3,801 active participants and 297 retired participants (4,053 active participants and 298 retired participants as of December 31, 2023). In addition, Ultraprev had 21 former employees or beneficiaries receiving benefits under the rules of a previous plan whose reserves are fully constituted.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Post-employment benefits</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt; line-height: inherit;">Some subsidiaries recognized a provision for post-employment benefits mainly related to seniority bonus, payment of FGTS, and health, dental care, and life insurance plan</span><span style="font-size: 10pt; line-height: inherit;">s</span><span style="font-size: 10pt; line-height: inherit;"> for eligible retirees.</span></span></p> </div>
<div>

<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">The amounts related to such benefits are based on a valuation conducted by an independent actuary and reviewed by Management as of December 31, 2024.</span></p>
<div id="t_ft_WJT9WOZV7400000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 116px;" width="100%">
<tbody>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 77%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt; line-height: inherit;">Health and dental care plan <span style="font-size: 8pt;"><sup>(1)</sup></span></span></span></p> </td>
<td style="padding: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 177,958 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 15px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 211,279 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Indemnification of FGTS </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 32,420 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 38,456 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Seniority bonus </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,795 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,026 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt; line-height: inherit;">Life insurance <span style="font-size: 8pt;"><sup>(2)</sup></span></span></span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,703 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,062 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 222,876 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 264,823 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 24,098 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding: 0px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 23,612 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current </span></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 198,778 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 15px;"><br/></td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 241,211 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 15px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">(<span>1</span>) </span></span><span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">Applicable to Ipiranga, Tropical </span><span style="line-height: inherit;">(merged by Ipiranga) </span><span style="line-height: inherit;">and Iconic.</span></span></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">(<span>2</span>) </span></span><span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">Applicable to Ipiranga, Tropical</span><span style="line-height: inherit;"> (merged by Ip</span><span style="line-height: inherit;">iranga)</span><span style="line-height: inherit;">, Ultragaz and Ultrapar.</span></span></span></p>
<div>
 </div>
<div style="border-left: none; border-right: none;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"> &#160;&#160;</p>

<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Changes in the present value of the post-employment benefit obligation occurred as follows:</span></p>
<div id="t_ft_U13OT723ZK00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 112px;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2022 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 65%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Opening balance </span></p> </td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 264,823 </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 215,556 </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 215,719 </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Expense for the year </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 27,077 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 17,521 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 20,944 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Update/change of benefit </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> (10,094 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> - </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 494 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Actuarial (gains) losses from changes in actuarial assumptions </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> (41,727 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 52,099 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> (2,589 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Benefits paid directly by the Company and its subsidiaries </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> (17,203 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> (20,353 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> (19,012 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Closing balance </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 222,876 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 264,823 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 215,556 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>  </div>

<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The total expense for each year is presented below:</span></p>
<div id="t_ft_BW2EU51M9S00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 103px;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2024 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2023 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Arial; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2022 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 65%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Health and dental care plan </span></p> </td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 20,420 </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 11,182 </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Arial; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 14,660 </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Indemnification of FGTS </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 5,290 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 4,909 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Arial; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 4,766 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Seniority bonus </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 254 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 286 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Arial; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 563 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Life insurance </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 1,113 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 1,144 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Arial; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 955 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Total </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 27,077 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 17,521 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Arial; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 20,944 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>

<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The main actuarial assumptions used are:</span></p>
<div id="t_ft_CGONGK3M4000000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 163px; width: 100%;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Economic factors </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> % p.a. </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> % p.a. </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 77%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Discount rate for the actuarial obligation at present value &#8211; Indemnification of FGTS </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 11.97 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; width: 1%; background-color: #cceeff;"><br/></td>
<td style="padding: 0px; vertical-align: middle; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 9.41 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; width: 1%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Discount rate for the actuarial obligation at present value &#8211; Bonus </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 11.82 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 9.41 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Average discount rate for the actuarial obligation at present value &#8211; Medical services </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 11.07 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 9.53 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Discount rate for the actuarial obligation at present value &#8211; Life insurance </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 11.82 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 9.41 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Average projected salary growth rate &#8211; FGTS indemnity </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 6.80 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 6.83 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Average projected bonus growth rate </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 7.33 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 7.33 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Inflation rate (long term) </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 3.5 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 3.5 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Medical services growth rate </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 7.64 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 7.64 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Demographic factors</span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mortality Table for the life insurance benefit - CSO-<span>80</span></span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mortality Table for other benefits &#8211; AT <span>2000</span> Basic decreased by 10% </span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Disability Mortality Table - RRB <span>1983</span> and RRB-<span>1944</span></span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Disability Table &#8211; Weak light</span></p>
<div>
 </div>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"> <span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Sensitivity analysis</span></p>
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The significant actuarial assumptions to determine the provision for post-employment benefits are: discount rate, salary growth and medical costs increases. The sensitivity analyses as of December 31, 2024, as shown below, were determined based on possible changes of assumptions occurring at the reporting date of the financial statements, keeping all other assumptions constant.</span></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 42px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> Assumption </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> Change in assumptions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> Decrease in liability </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> Change in assumptions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> Increase in liability </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 32%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Discount rate </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; background-color: #cceeff; width: 18%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> increase by 1.0 p.p. </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 15%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 19,736 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; background-color: #cceeff; width: 15%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> decrease by 1.0 p.p. </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 15%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 23,953 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 10px;"><br/></td> </tr>
<tr style="height: 12px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 12px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Salary growth rate </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 12px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 12px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> decrease by 1.0 p.p. </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 12px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 12px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 284 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 12px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 12px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> increase by 1.0 p.p. </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 12px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 12px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 304 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 12px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Medical services growth rate </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> decrease by 1.0 p.p. </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 18,385 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> increase by 1.0 p.p. </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 22,185 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;"><br/></td> </tr> </tbody> </table>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The sensitivity analyses presented may not represent the real change in the post-employment benefit obligation, since it is unlikely that changes occur in just <span>one</span> assumption alone, considering that some of these assumptions may be correlated.</span></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Inherent risks related to post-employment benefits</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Interest rate risk: a long-term interest rate is used to calculate the present value of post-employment liabilities. A reduction in this interest rate will increase the corresponding liability.</span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Wage growth risk: the present value of the liability is calculated using as reference the wages of the plan participants, projected with the average nominal wage growth rate. An increase in the real wages of plan participants will increase the corresponding liability.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Medical costs growth risk: the present value of the liability is calculated using as a reference the medical cost by age based on actual healthcare costs, projected based on the growth rate of medical services costs. An increase in the real medical costs will increase the corresponding liability.</span></p> </div> <span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2024-01-01<br> -Section Scope<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2024-en-r&amp;doctype=Standard&amp;dita_xref=IAS19_g2-7_TI<br> -URIDate 2024-03-27<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Provisions and contingent liabilities<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="text">&#160;<span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory', window );">Provisions and contingent liabilities</a></td>
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<div style="line-height: 1.2;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span>18</span>. Provisions and contingent liabilities</span><a class="customBookmark" href="#TOC" id="Bnd2122_1832025145936628" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;">&#160;</a><br/></div>

<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">A provision for tax, civil and labor risks is recognized when there is a present obligation as a result of a past event, it is probable that a disbursement will be required to settle the obligation, and the amount can be reliably estimated, based on the opinion of Management and internal and external legal advisors, and the amounts are recognized based on estimates of the outcomes of the legal proceedings. The provision is recorded as an expense for the year. The update of this obligation is made according to the development of the legal proceeding or financial charges incurred and may be reversed if the loss estimate is no longer considered probable due to changes in circumstances, or when the obligation is settled. Contingent assets are disclosed when the associated economic benefits are probable and are only recognized in the financial statements in the period in which their realization is considered certain and their amount can be reliably measured.</span></p>
<div style="margin: 0px; text-indent: 0px;">
 </div>
<p style="font-family: 'times new roman', times; margin: 10pt 0pt 0pt; text-indent: 0pt;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; text-indent: 0pt; font-family: 'times new roman', times;">a. Provisions for tax, civil and labor risks</span></p> </div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries are parties to tax, civil and labor disputes at the administrative and judicial levels.</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p>

<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below presents the breakdown of provisions by nature and their changes:</span></p>
<div id="t_ft_O03OTR5EFK00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 100px; width: 100%;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Provisions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Balance as </span><br/><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">of 12/31/2023</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Reversals</span> <span style="font-weight: bold; vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Payments/ write-offs </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Interest </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Balance as </span><br/><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">of 12/31/2024</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 34%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IRPJ and CSLL (a<span>.1</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 636,167 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 949 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (15,124 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (610,534 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 21,488 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 32,946 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Tax </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 107,172 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 41,474 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (72,427 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (10,002 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 867 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 67,082 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Civil, environmental and regulatory claims </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 150,258 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 66,215 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (19,002 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (35,519 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 20 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 161,972 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for indemnities (a<span>.2</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 203,780 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 19,519 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,081 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (12,959 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,549 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 206,808 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Labor </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 59,144 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 18,468 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (16,447 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,764 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 768 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 54,169 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 147,609 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,564 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (15,148 </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,684 </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,040 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 135,383 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,304,130 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 154,189 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (144,229 </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (683,462 </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,732 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 658,360 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 45,828 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 47,788 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,258,302 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 610,572 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><br/></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-size: 8pt; line-height: inherit;"><span style="line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">(<span>1</span>) </span> </span></span><span>Of this amount, MR$ 28,612 corresponds to the reversals of updates.</span></span></p>
<p style="margin:0pt"><br/></p>
<div id="t_ft_MQCB3BRFKG00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 137px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Provisions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Reversals </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Payments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Interest </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Acquisition of subsidiary </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 23%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IRPJ and CSLL (a<span>.1</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 559,217 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14,597 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,717 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 69,070 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 636,167 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Tax </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 68,434 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 46,743 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (21,148 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (14,747 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,101 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 789 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 107,172 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Civil, environmental and regulatory claims </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 93,416 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 124,857 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (29,402 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (39,071 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 458 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 150,258 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Labor litigation </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 73,172 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,333 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (27,308 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (16,310 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,257 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 59,144 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for indemnities (a<span>.2</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 150,820 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 32,691 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,969 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 28,238 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 203,780 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 95,113 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 47,329 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (8,031 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,198 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 147,609 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,040,172 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 293,550 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (100,575 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (70,128 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 139,864 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,247 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,304,130 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 22,837 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 45,828 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,017,335 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,258,302 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"> <br/></p>
<div style="border-left: none; border-right: none;">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 152px;" width="100%">
<tbody>
<tr style="height: 31px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Provisions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> Balance as of 12/31/2021 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Reversals </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Payments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Interest </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Acquisition of subsidiary </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> Balance as of 12/31/2022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 23%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IRPJ and CSLL (a<span>.1</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 552,172 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,154 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (36,683 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 1%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 36,574 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 559,217 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 1%;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Tax </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 84,155 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 35,238 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (14,907 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (38,097 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,045 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 68,434 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Civil, environmental and regulatory claims </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 108,761 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 18,326 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (9,980 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (23,700 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 93,416 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Labor litigation </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 95,460 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 22,663 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (22,387 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (23,142 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 578 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 73,172 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for indemnities (a<span>.2</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 150,820 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 150,820 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 91,637 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,812 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,850 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">- </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,514 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 95,113 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 932,185 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 239,013 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (87,807 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (84,939 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 41,720 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,040,172 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 119,942 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 22,837 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 812,243 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,017,335 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p>
<div>
 </div>

<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Balances of escrow deposits by nature are as follows:</span></p>
<div id="t_ft_O27FZOFXQO00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 57px; width: 100%;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 78%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Tax (a<span>.1</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 306,593 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 856,830 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Labor </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 24,070 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 37,715 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Civil and others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 115,413 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 138,172 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 446,076 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,032,717 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In the year ended December 31, 2024, the monetary variation on escrow deposits amounted to R$ 45,336 (R$ 62,217 as of December 31, 2023 and R$ 26,969 as of December 31, 2022), recorded with a corresponding entry to financial income in profit or loss.</span></p>
<p style="margin: 2pt 0pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a.<span>1</span> Provision for tax matters</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On October 7, 2005, subsidiaries Ultragaz and Bahiana filed a writ of mandamus, in which a preliminary injunction was granted, later confirmed in a favorable lower court ruling on May 16, 2008. The decision authorized the offsetting of PIS and COFINS credits on the acquisition of LPG against debts from other federal taxes, and required them to make escrow deposits until the outcome of the litigation. On July 18, 2014, after an appellate court unfavorable decision, aligned with the STJ case law (Case <span>1.093</span>), the subsidiaries suspended the escrow deposits and resumed the payment of the taxes. On October 21, 2024, with the withdrawal of the proceeding and a final and unappealable decision, the provision relating to this thesis was reverted and the escrow deposits, in the amount of R$ 621,009, were fully drawn down by the Federal Government, with no impact on profit or loss.</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a.<span>2</span> Provision for indemnities</span></p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On April 1, 2022, Ultrapar concluded the sale of Oxiteno, assuming the responsibility for losses resulting from acts that occurred prior to the closing of the transaction, pursuant to the purchase and sale agreement. The total provision recorded for the reimbursement to Indorama, in the event the losses materialize, is R$ 174,408 (R$ 168,567 as of December 31, 2023), of which R$ 95,274 (R$ 92,823 as of December 31, 2023) for labor claims, R$ 26,074 (R$ 17,584 as of December 31, 2023) for civil claims and R$ 53,060 (R$ 58,160 as of December 31, 2023) for tax claims.</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On August 1, 2022, Ultrapar also concluded the sale of Extrafarma with subsidiary Ipiranga assuming the responsibility for losses prior to the closing of the transaction. Thus, a provision for the reimbursement to Pague Menos was recorded, in the event the losses materialize, totaling R$ 32,400 as of December 31, 2024 (R$ 35,074 as of December 31, 2023) referring to the provision for indemnity, of which R$ 12,074 (R$ 16,259 as of December 31, 2023) for labor claims, R$ 7,007 (R$ 6,420 as of December 31, 2023) for civil claims and R$ 13,319 (R$ 12,395 as of December 31, 2023) for tax claims.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Contingent liabilities (possible)</span></p>
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries are parties to tax, civil, environmental, regulatory, and labor claims whose likelihood of loss is assessed by the legal departments of the Company and its subsidiaries as possible, based on the analysis and opinion of their external legal advisors. Based on these assessments, no provision for these contingencies was recorded in the financial statements.</span></p>

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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Contingent liabilities (possible) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 78%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Tax (b<span>.1</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,176,046 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,148,224 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td> </tr>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Civil (b<span>.2</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 815,203 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 624,653 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Labor </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 293,938 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 240,515 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,285,187 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,013,392 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> </tbody> </table>
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<p style="margin: 2pt 0pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b.<span>1</span> Contingent tax liabilities</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries are also parties to administrative and judicial proceedings involving IRPJ, CSLL, PIS and COFINS, substantially involving denials of offset claims and credit disallowance which total R$ 2,049,421 in December 31, 2024 (R$ 1,394,010 as of December 31, 2023), mainly represented by a tax assessment related to the IRPJ and CSLL resulting from the alleged undue amortization of the goodwill paid on the acquisition of investments, in the amount of R$ 266,619 as of December 31, 2024 (R$ 251,789 as of December 31, 2023).</span></p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Additionally, subsidiary Ipiranga and its subsidiaries have legal proceedings related to ICMS totaling R$ 1,357,445 as of December 31, 2024 (R$ 1,380,424 as of December 31, 2023). The main proceedings include: i) credits considered undue in the amount of R$ 94,640 as of December 31, 2024 (R$ 149,061 as of December 31, 2023), ii) alleged non-payment in the amount of R$ 154,914 as of December 31, 2024 (R$ 196,693 as of December 31, 2023); iii) conditioned fruition of tax incentive in the amount of R$ 191,549 as of December 31, 2024 (R$ 193,912 as of December 31, 2023); iv) inventory differences in the amount of R$ 279,448 as of December 31, 2024 (R$ 282,254 as of December 31, 2023); v) 2% surcharge on products considered non-essential (hydrated ethanol) in the amount of R$ 223,691 as of December 31, 2024 (R$ 271,518 as of December 31, 2023).</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In addition, subsidiary Ipiranga and its subsidiaries are discussing the offset of excise tax (&#8220;IPI&#8221;) credits related to raw materials used in the manufacturing of products subject to taxation, which were subsequently sold and were not subject to IPI under the tax immunity. The amount of this contingency is R$ 194,508 as of December 31, 2024 (R$ 185,388 as of December 31, 2023). </span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b.<span>2</span> Contingent civil liabilities</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The main contingent civil liabilities refers to&#160;Ultragaz totaling R$ 187,460 as of December 31, 2024 (R$ 113,756 as of December 31, 2023) were filed by resellers seeking indemnity, nullity and termination of distribution agreements.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Lubricants operation between Ipiranga and Chevron</span></p>
<p style="margin: 5pt 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The provisions of shareholder Chevron&#8217;s liability amount to R$ 36,146 (R$ 29,022 as of December 31, 2023), for which an indemnity asset was recorded, referring mainly to: i) R$ 32,380 (R$ 25,777 as of December 31, 2023) in ICMS assessments on sales for industrial purposes, in which the STF closed the judgment of the thesis unfavorably to taxpayers; ii) R$ 3,545 (R$ 3,020 as of December 31, 2023) in labor claims. </span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Additionally, due to a business combination, on December 1, 2017, a provision of R$ 198,900 was recorded relating to contingent liabilities and an indemnification asset in the same amount was recognized, with a current balance of R$ 89,952 as of December 31, 2024 (R$ 95,905 as of December 31, 2023). The amounts of provisions and contingent liabilities related to the business combination and the liability of the shareholder Chevron will be reimbursed to subsidiary Iconic in the event of losses without the need to recognize an allowance for expected credit losses.</span></p> </div> <span></span>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Subscription warrants - indemnification<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;">19</span>. Subscription warrants &#8211; indemnification</span><a class="customBookmark" href="#TOC" id="Bnd432_183202515057384" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;">&#160;</a></div>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Because of the association between the Company and Extrafarma on January 31, 2014, 7 subscription warrants &#8211; indemnification were issued, corresponding to up to 6,411,244 shares of the Company. </span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On February 23, 2022, August 3, 2022, February 15, 2023, August 9, 2023, February 28, 2024 and August 7, 2024, the Board of Directors confirmed the issuance of 43,925, 21,472, 31,211, 8,199, 191,778 and 35,235, respectively, common shares within the authorized capital limit provided by article <span>6</span> of the Company&#8217;s Bylaws, due to the partial exercise of the rights conferred by the subscription warrants.</span></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As set out in the association agreement between the Company and Extrafarma of January 31, 2014 and due to the unfavorable decisions on some lawsuits with triggering events prior to January 31, 2014, 775,291 shares linked to the subscription warrants &#8211; indemnification were canceled and not issued. As of December 31, 2024, R$ 31,657 was recorded as financial income (financial expenses of R$ 45,084 as of December 31, 2023 and financial income of R$ 5,099 as of December 31, 2022) due to the update of subscription warrants, and 3,006,641 shares linked to subscription warrants &#8211; indemnification remain retained which may be issued or canceled depending on whether the final decisions on the lawsuits will be favorable or unfavorable, being the maximum number of shares that can be issued in the future, totaling R$ 47,745 (R$ 87,299 as of December 31, 2023).</span></p> <span></span>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Equity<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_EquityAbstract', window );"><strong>Equity [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory', window );">Equity</a></td>
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<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><span style="color: #ffffff; font-size: 10pt; font-weight: bold; line-height: inherit;"><span>20</span></span><a class="customBookmark" href="#TOC" id="Bnd221_183202515324773" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #ffffff;">. <span style="color: #ffffff; font-weight: bold;">Equity</span></span></a></div>
<p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Share capital</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As of December 31, 2024, the subscribed and paid-up capital consists of 1,115,439,503 common shares with no par value (1,115,212,490 as of December 31, 2023), and the issuance of preferred shares and participation certificates is prohibited. Each common share entitles its holder to one vote at Shareholders&#8217; Meetings.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On April 19, 2023 the Ordinary General Shareholders&#8217; Meeting approved the increase in the Company's capital in the total amount of R$ 1,450,000, without the issuance of shares, through the incorporation into the share capital of part of the amounts recorded in the statutory reserve for investments, of R$ 567,425, and amounts recorded in the legal reserve, of R$ 882,575.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The price of the outstanding shares on B<span>3</span> as of December 31, 2024 was R$ 15.88 (R$ 26.51 as of December 31, 2023 and R$ 12.61 as of December 31, 2022).</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">As of December 31, 2024, there were 65,757,889 common shares outstanding abroad in the form of ADRs (52,197,033 shares as of December 31, 2023</span><span style="line-height: inherit;"> and 58,895,761</span><span style="line-height: inherit;"> shares as of December 31,2022</span><span style="line-height: inherit;">).</span></span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Equity instrument granted</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">The Company has a share-based incentive plan, which establishes the general terms and conditions for the concession of common shares issued by the Company </span><span style="line-height: inherit;">and </span><span style="line-height: inherit;">held in treasury (see Note <span>8</span>.d). As of December 31, 2024, the balance of treasury shares granted with right of use was 14,083,439 common shares (9,515,384 as of December 31, 2023).</span></span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Treasury shares</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company acquired its own shares at market prices, without capital reduction, to be held in treasury and to be subsequently disposed of or cancelled.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">On November 28, 2024, the Company's Board of Directors approved a buyback program of shares issued by the Company, effective for twelve months starting on December 2, 2024 and limited to a maximum of 25,000,000 common shares. In <span style="border-left: none; border-right: none;">2024</span>, 8,900,000 shares were acquired at an average cost of </span><span style="line-height: inherit;">R$ 16.74 </span><span style="line-height: inherit;">per share.</span></span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">As of December 31, 2024, the balance was R$ 596,400 (R$ 470,510 as of December 31, 2023) and 19,283,471 common shares (16,195,439 as of December 31, 2023</span><span style="line-height: inherit;"> and </span><span style="line-height: inherit;">19,974,556 as of December 31,2022</span><span style="line-height: inherit;">) were held unrestricted in the Company's treasury, acquired at an average cost of R$ 17.87</span><span style="line-height: inherit;"> per share</span><span style="line-height: inherit;">.</span></span> </p>

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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Balance of unrestricted shares held in treasury </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 19,283,471 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 16,195,439 </span></p> </td>
<td style="vertical-align: middle; background-color: #cceeff; height: 16px; width: 1%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Balance of treasury shares granted with right of use (see Note <span>20</span>.b) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14,083,439 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9,515,384 </span></p> </td>
<td style="vertical-align: middle; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total balance of treasury shares as of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 33,366,910 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 25,710,823 </span></p> </td>
<td style="vertical-align: middle; background-color: #cceeff; height: 17px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">d. Capital reserve</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The capital reserve reflects the gain or loss on the disposal of shares for concession of usufruct to executives of the Company's subsidiaries, when the plan is finalized, as mentioned in Note <span>8</span>.d. Because of the association with Extrafarma in <span>2014</span>, the Company recognized an increase in the capital reserve in the amount of R$ 498,812, due to the difference between the value attributed to share capital and the market value of the Ultrapar shares on the date of issuance, less R$ 2,260 related to the costs for the issuance of these shares. Additionally, on February 15, 2023, August 9, 2023, February 28, 2024 and August 7, 2024, there was an increase in the reserve in the amounts of R$ 411, R$ 149, R$ 5,631 and R$ 821, respectively, due to the partial exercise of the subscription warrants &#8211; indemnification (see Note <span>19</span>).</span> </p>
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<div><span style="text-align: justify; text-indent: 0pt; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br/></span></div>
<p style="margin: 0pt; text-indent: 0pt; font-family: 'times new roman', times;"><span style="text-align: justify; text-indent: 0pt; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">e. Revaluation reserve</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">The revaluation reserve, recognized prior to the adoption of the international accounting standards (IFRS</span><span style="line-height: inherit;"> Accounting Standards</span><span style="line-height: inherit;">), reflects the revaluation of assets of subsidiaries and is based on depreciation, write-off, or disposal of the revalued assets of the subsidiaries, as well as the tax effects recognized by these subsidiaries.</span></span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">f. Profit reserves</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">f.<span>1</span> </span><span style="font-style: italic; font-weight: bold; line-height: inherit;">Legal reserve</span></span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Under Brazilian Corporate Law the Company is required to allocate 5% of net annual earnings to a legal reserve, until the balance reaches 20% of share capital. As of December 31, 2024, the legal reserve totaled R$ 240,127 (R$ 121,990 as of December 31, 2023). This reserve may be used to increase capital or to absorb losses but may not be distributed as dividends.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">f.<span>2</span> Investments statutory reserve</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In compliance with Article <span>194</span> of the Brazilian Corporate Law and Article <span>54</span> of the Bylaws, this reserve is aimed to protect the integrity of the Company&#8217;s assets and to supplement its share capital, in order to allow new investments to be made. As provided for in its bylaws, the Company may allocate up to 75% of the annual net income, after deducting the legal reserve, to the investments reserve, up to the limit of 100% of the share capital.</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The investments reserve is free of distribution restrictions and totaled R$ 7,746,973 </span><span style="line-height: inherit;"> as of December 31, 2024 (R$ 6,267,569 as of December 31, 2023).</span></span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">g. Accumulated other comprehensive income</span></p>
<table style="width: 100%; margin-left: 0.1px; height: 64px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr style="height: 16px;">
<td style="width: 4%; height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.3333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(i)</span></td>
<td style="width: 96%; height: 16px; vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -28.3333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Gains and losses on the hedging instruments of exchange rate related to firm commitment and highly probable transactions designated as cash flows hedges are recognized in equity as &#8220;Accumulated other comprehensive income&#8221;. Gains and losses are reclassified to initial cost of non-financial assets recognized in the statement of income at the moment of paid-off of the hedge instrument.</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.3333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">(ii)</span> </span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -28.3333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The variation in exchange rates on assets, liabilities and profit or loss of foreign associates with a functional currency different from the functional currency of the Company and its own management is recognized directly in equity. This cumulative effect is reflected in profit or loss as a gain or loss only in case of disposal or write-off of the investment.</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.3333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">(iii)</span> </span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -28.3333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Actuarial gains and losses relating to post-employment benefits, calculated based on a valuation conducted by an independent actuary, are recognized in equity under the heading &#8220;Accumulated other comprehensive income&#8221;. Gains and losses recorded in equity are not reclassified to profit or loss in subsequent periods.</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.3333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">(iv)</span> </span><br/></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -28.3333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">The Company also recognizes in this line item the effect of changes in the non-controlling interest in subsidiaries that do not result in loss of control. This amount corresponds to the difference between the amount by which the non-controlling interest was adjusted and the fair value of the consideration received or paid and represents a transaction with shareholders.</span></td> </tr> </tbody> </table>
<div>

<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p>

<div><span style="text-align: justify; text-indent: 0pt; font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">Balance and changes in Accumulated other comprehensive income of the Company are as follows: </span></div>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p>
<div id="t_ft_71JY0LH5I800000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 248px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;"> Fair value of cash flow hedging instruments (i)</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Cumulative translation adjustments (ii) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Fair value of financial investments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-size: 8pt; font-family: 'times new roman', times; font-weight: bold; line-height: inherit;"> Actuarial gain/(loss) of post-employment benefits (iii) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Non-controlling shareholders interest change (iv) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 38%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> As of December 31, 2021 </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 7%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (601,301 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 7%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 7%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (403 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 7%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (17,803 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 7%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> 197,369 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 7%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 7%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (422,138 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><span style="font-weight: bold;">)</span></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Changes in fair value of financial instruments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 910,804 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">- </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 403 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 747 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 911,954 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IRPJ and CSLL on fair value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (309,503 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">- </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">- </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> (309,503 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Actuarial gains of post-employment benefits of subsidiaries </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">- </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">- </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">- </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (610 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">- </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (610 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IRPJ and CSLL on actuarial gains </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">- </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">- </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 271 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">- </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">- </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 271 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> As of December 31, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;">&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;">&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (18,142 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 197,369 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 747 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 179,974 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Changes in fair value of financial instruments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (11,375 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 284 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (11,091 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IRPJ and CSLL on fair value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,691 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,691 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Actuarial gains of own and subsidiaries&#8217; post-employment benefits </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (28,710 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (28,710 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IRPJ and CSLL on actuarial gains </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,244 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,244 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> As of December 31, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (7,684 </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> &#8208;</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (36,608 </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> 197,369 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> 1,031 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> 154,108 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Changes in fair value of financial instruments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,186 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">- </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 52 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,238 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IRPJ and CSLL on fair value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,691 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,691 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Actuarial gains of own and subsidiaries&#8217; post-employment benefits </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 24,587 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 24,587 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IRPJ and CSLL on actuarial gains </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (9,164 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (9,164 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Currency translation adjustment of foreign associates </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 36,134 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 36,134 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> As of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> 811 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> 36,134 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (21,185 </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 10px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> 197,369 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> 1,083 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">214,212</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td> </tr> </tbody> </table> </div>  </div>
<div>
 </div>
<div><span style="text-align: justify; text-indent: 0pt; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br/></span></div>
<p style="font-family: 'times new roman', times;"><span style="text-align: justify; text-indent: 0pt; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">h. Approval of additional dividends to the minimum mandatory dividends</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On February 28, 2024, the Board of Directors approved and on April 17, 2024 the Ordinary General Shareholders&#8217; Meeting ratified the payment of the Company&#8217;s additional dividends to the Company's minimum mandatory dividends related to <span>2023</span> in the amount of R$ 134,031.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On August 7, 2024, the Board of Directors approved the advance payment of the <span>2024</span> dividends in the amount of R$ 275,971, corresponding to R$ 0.25 per common share, payable as of August 23, 2024, without remuneration or monetary variation.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">i. Allocation of income for the year</span> </p>
<p style="margin: 0pt 0pt 10pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">The shareholders of the Company are entitled under the Bylaws to a minimum annual dividend of 25% of adjusted net income, after allocation of 5% to the legal reserve, calculated in accordance with Brazilian Corporate Law. Dividends and interest on capital proposed above the statutory obligation are recognized in equity until approved at the shareholders&#8217; meeting. The proposed dividends payable for the year <span style="border-left: none; border-right: none;">2022</span>, the amount of which as of December 31, 2022 totaled R$ 109,515 (R$ 0.10 - <span>ten</span> cents of Brazilian Real per share), were approved by the Board of Directors on February 15, 2023 and were paid from March 3, 2023 onwards. The proposed dividends payable for the year 2023, the amount of which as of December 31, 2023 totaled R$ 439,684 (R$ 0.40 - forty cents of Brazilian Real per share), were approved by the Board of Directors on February 28, 2024 and were paid from March15, 2024 onwards. The proposed dividends payable for the year <span>2024</span>, the amount of which as of December 31, 2024 totaled R$ 493,301 (R$ 0.45 </span><span style="line-height: inherit;">&#8211;</span><span style="line-height: inherit;"> <span>forty</span></span><span style="line-height: inherit;">-<span>five</span></span><span style="line-height: inherit;"> cents of Brazilian Real per share) were approved by the Board of Directors on February 26, 2025 and were paid from March 14, 2025 onwards.</span></span> </p>

<p style="margin: 0pt 0pt 10pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The management's proposal for the allocation of net income for <span>2024</span> and for distribution of dividends is as follows:</span> </p>
<div id="t_ft_R26SN2GLA800000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 282px; width: 99.6726%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; text-decoration: underline; line-height: inherit;"> Allocation of net income </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 65%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net income for the year attributable to shareholders of Ultrapar </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,362,740 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,439,795 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,800,839 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Legal reserve (5% of the profit) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (118,137 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (121,990 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (90,042 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Adjusted net income (basis for dividends) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,244,603 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,317,805 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,710,797 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Minimum mandatory dividends for the year (25% of the adjusted net income) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 561,151 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 579,451 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 427,699 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interim dividends already distributed (R$ 0.25 per share in <span>2024</span> and <span>2023</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (275,971 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (273,798 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><span style="font-family: 'times new roman', times; font-size: 10pt;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest in capital, net of income tax, already paid (R$ 0.35 per share in <span>2022</span>) (*) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (396,314 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additional dividends to the minimum mandatory dividends </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 208,121 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 134,031 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 78,130 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Balance of proposed dividends payable (R$ 0.45 per share in <span>2024</span>, R$ 0.40 per share in <span>2023</span>, and R$ 0.10 per share in <span>2022</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 493,301 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 439,684 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 109,515 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; text-decoration: underline; line-height: inherit;"> Allocation of net income </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Legal reserve (5% of the profit) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 118,137 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 121,990 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 90,042 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Statutory reserve </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,475,331 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,604,323 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,204,968 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interim dividends </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 275,971 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 273,798 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest on capital, net of income tax, already paid (R$ 0.35 per share) (*) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 396,314 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Complementary minimum mandatory dividends for the year (25% of the adjusted net income (-) interim dividends) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 285,180 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 305,653 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 31,385 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additional dividends to the minimum mandatory dividends </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 208,121 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 134,031 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 78,130 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total distribution of net income for the year attributable to shareholders of Ultrapar </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,362,740 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,439,795 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,800,839 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="line-height: inherit;">(*) <span>The gross amount of interest on capital was R$ 450,004</span></span></span></p>
<div>

<div><span style="font-size: 10pt; text-align: justify; text-indent: 0pt;"><br/></span></div>

<div style="margin: 0pt; text-indent: 0pt;"><span style="font-size: 10pt; text-align: justify; text-indent: 0pt; font-family: 'times new roman', times;">Changes in dividends payable are as follows:</span></div>
<div><span style="font-size: 10pt; text-align: justify; text-indent: 0pt;"><br/></span></div>
<div id="t_ft_FWF0VBBNCW00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 191px; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 11px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: middle; height: 11px; width: 88%; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2021 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 11px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 11px; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 202,860 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 11px; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provisions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 429,964 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Prescribed dividends </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,948 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Payments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (581,351 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 48,525 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provisions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 688,189 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Prescribed dividends </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,048 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Payments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (400,025 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 334,641 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Dividends payable </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 829,857 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Dividends prescribed </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,369 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Payments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (833,658 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 327,471 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> </tr> </tbody> </table> </div>  </div> <span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for share capital, reserves and other equity interest.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 79<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_79&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Costs, expenses and other operating results by nature<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<div style="line-height: 1.2;">
<div style="font-size: 10pt; background-color: #002060; margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0pt;"><a class="customBookmark" href="#TOC" id="BJKB21_1422025195012277" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><span style="font-size: 10pt;"><span style="color: #ffffff; font-weight: bold; font-family: 'times new roman', times;">21. Costs, expenses and other operating results by nature</span></span></a></div>
<p style="font-size: 10pt; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: Aptos; font-size: 10pt;"><br/></span></p>

<p style="font-size: 10pt; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-size: 10pt; font-family: 'times new roman', times;">The Company presents its results by nature in the consolidated statement of income and details below its costs, expenses and other operating results by nature:</span></p>
<p style="font-size: 10pt; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: Aptos; font-size: 10pt;"><br/></span></p>
<div style="border-left: none; border-right: none;">
<div style="border-left: none; border-right: none;">
<div id="t_ft_X27D9MXQ5S00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 236px; width: 99.9595%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Times new roman; font-size: 8pt; font-weight: bold;"> <span>2024</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Times new roman; font-size: 8pt; font-weight: bold;"> <span>2023</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Times new roman; font-size: 8pt; font-weight: bold;"> <span>2022</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 64%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt;font-family: 'times new roman', times;"> Raw materials and materials for use and consumption </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (121,796,193 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (114,657,376 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (135,651,809 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt;font-family: 'times new roman', times;"> Personnel expenses </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (2,591,309 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (2,335,738 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (1,657,783 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt;font-family: 'times new roman', times;"> Freight and storage </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (1,276,230 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (1,378,054 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (1,033,718 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt;"><span style=" font-family: 'times new roman', times; ">Decarbonization obligation <span style="font-size: 8pt;"><sup><span style="font-family: 'times new roman', times;">(a)</span></sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (584,371 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (740,298 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (638,542 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> Services provided by third parties </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (759,638 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (662,542 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (442,379 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt;font-family: 'times new roman', times;"> Depreciation and amortization </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (900,673 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (840,377 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (732,241 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt;font-family: 'times new roman', times;"> Amortization of right-of-use assets </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (312,060 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (305,900 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (288,419 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> Advertising and marketing </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (221,344 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (235,167 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (102,205 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt;"><span style="font-family: Times new roman;">Extemporaneous tax credits <span style="font-size: 8pt;"><sup><span style="font-family: 'times new roman', times;">(b)</span></sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> 19,527 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> 34,247 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> Other expenses and income, net </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (155,806 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (468,794 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> 45,604 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (128,597,624 </span></p> </td>
<td style="padding: 0px 0px 1px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (121,604,719 </span></p> </td>
<td style="padding: 0px 0px 1px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (140,467,245 </span></p> </td>
<td style="padding: 0px 0px 1px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> Classified as: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> Cost of products and services sold </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (123,811,893 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (116,730,469 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (136,276,257 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> Selling and marketing </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (2,499,547 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (2,253,226 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (2,141,985 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> General and administrative </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (1,872,092 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (2,018,159 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (1,534,481 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> Other operating income (expenses), net </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (414,092 </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (602,865 </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (514,522 </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (128,597,624 </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (121,604,719 </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (140,467,245 </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td> </tr> </tbody> </table> </div> </div>
<div style="font-size: 10pt; line-height: 1.2;"><br/></div>
<div id="t_ft_5D3AV6CD9C00000000000000000000b">
<table style="width: 100%; margin: 0px; height: 20px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">
<tbody>
<tr style="height: 10px;">
<td style="width: 3.1355%; height: 10px; vertical-align: top;" valign="top"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">(a)</span></span></td>
<td style="width: 96.8645%; height: 10px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Refers to the obligation established by the RenovaBio program to meet decarbonization targets for the gas and oil sector. The amounts are presented in Other operating income (expenses), net. For further information, see Note <span style="border-left: none; border-right: none;">14</span>.</span></span></td> </tr>
<tr style="height: 10px;">
<td style="width: 3.1355%; height: 10px; vertical-align: top; padding: 0px; margin: 0px; text-indent: 0px;" valign="top"><span style="font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> (b)</span></span></td>
<td style="width: 96.8645%; height: 10px; vertical-align: top; padding: 0px; margin: 0px; text-indent: 0px;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Refers substantially to the exclusion of ICMS from the PIS and COFINS calculation basis.</span></span></td> </tr> </tbody> </table> </div> </div>  </div> <span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of expenses by nature. [Refer: Expenses, by nature]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Financial result<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="text">&#160;<span></span>
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<div>
<div style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><a class="customBookmark" href="#TOC" id="Bnd421_183202515555113" style="text-decoration: none; color: #000000; cursor: default; outline: none;"><span style="color: #ffffff; font-weight: bold;"><span style="cursor: default;"><span>2</span></span></span><span style="color: #ffffff; font-weight: bold;"><span style="cursor: default;"><span>2</span></span></span><span style="color: #ffffff; font-weight: bold;">. Financial result</span></a></div>
<div><br/></div>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 240px;" width="100%">
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> <span>2024</span> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> <span>2023</span> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> <span>2022</span> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Finance income: </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 14px; width: 64%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest on financial investments </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 514,460 </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 518,607 </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 388,675 </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 14px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest from customers </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 173,184 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 127,562 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 128,052 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 14px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Update of subscription warrants (see Note <span>19</span>) </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 31,657 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 5,099 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 14px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Selic interest on PIS/COFINS credits </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 57,839 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 132,257 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 35,268 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 14px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Update of provisions and other income </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 103,934 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 102,458 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 149,595 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 881,074 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 880,884 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 706,689 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Financial expenses: </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 14px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest on loans </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,235,748 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,482,183 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,465,259 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 14px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest on leases payable </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (133,767 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (143,005 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (128,069 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 14px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Update of subscription warrants (see Note <span>19</span>) </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (45,084 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 14px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Bank charges, financial transactions tax, and other taxes </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (151,518 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (156,481 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (119,828 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 14px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Foreign exchange variations, net of gain (loss) on derivative financial instruments </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (280,861 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 38,161 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (458,032 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 14px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Update of provisions, net, and other expenses </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (11,114 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (91,422 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (4,709 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 14px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,813,008 </span></p> </td>
<td style="padding: 0px 0px 0.5px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,880,014 </span></p> </td>
<td style="padding: 0px 0px 0.5px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,175,897 </span></p> </td>
<td style="padding: 0px 0px 0.5px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px 14px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: left;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (931,934 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (999,130 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,469,208 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td> </tr> </tbody> </table>  </div> <span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of finance income (cost). [Refer: Finance income (cost)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Earnings per share<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_EarningsPerShareAbstract', window );"><strong>Earnings per share</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfEarningsPerShareExplanatory', window );">Earnings per share</a></td>
<td class="text">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid;"><a class="customBookmark" href="#TOC" id="Bndd22_18320251565872" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><span style="color: #ffffff; font-weight: bold;"><span>2</span></span><span style="color: #ffffff; font-weight: bold;"><span>3</span></span><span style="color: #ffffff; font-weight: bold;">. Earnings per share</span></a></div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><br/></p>

<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-size: 10pt; font-family: 'times new roman', times;">The table below presents a reconciliation of numerators and denominators used in computing earnings per share. The Company has a stock plan and subscription warrants, as mentioned in Notes </span><span style="font-family: Aptos; font-size: 10pt;"><span style="font-family: 'times new roman', times;"><span>8</span>.d and <span>19</span>, respectively</span>.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_23WB5C0GRK00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 245px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> <span style="border-left: none; border-right: none;">2024</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> <span style="border-left: none; border-right: none;">2023</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> </span><br/></p> </td>
<td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">2022</span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Continuing operations </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Discontinued operations </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Total </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 46%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; font-weight: bold;"> Basic earnings per share </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 9%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 9%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 9%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 9%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 9%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Net income for the year of the Company </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,362,740 </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,439,795 </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,498,981 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 301,858 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,800,839 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Weighted average number of shares outstanding (in thousands) </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,102,130 </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,095,469 </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,091,990 </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,091,990 </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,091,990 </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Basic earnings per share - R$ </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2.1438 </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2.2272 </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1.3727 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 0.2764 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1.6491 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Diluted earnings per share </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Net income for the year of the Company </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,362,740 </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,439,795 </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,498,981 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 301,858 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,800,839 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Weighted average number of outstanding shares (in thousands), including dilution effects </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,117,595 </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,104,942 </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,098,692 </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,098,692 </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,098,692 </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Diluted earnings per share - R$ </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2.1141 </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2.2081 </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1.3643 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 0.2747 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1.6391 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Weighted average number of shares (in thousands) </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Weighted average number of shares for basic earnings per share </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,102,130 </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,095,469 </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,091,990 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Dilution effect </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Subscription warrants </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 3,051 </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 3,334 </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 3,445 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Stock plan </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 12,414 </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 6,139 </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 3,257 </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Weighted average number of shares for diluted earnings per share </span></p> </td>
<td style="padding: 0px; height: 18px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,117,595 </span></p> </td>
<td style="padding: 0px; height: 18px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 18px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 18px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,104,942 </span></p> </td>
<td style="padding: 0px; height: 18px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 18px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 18px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,098,692 </span></p> </td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Earnings per share were adjusted retrospectively by the issuance of 2,629,311 common shares due to the partial exercise of the rights conferred by the subscription warrants disclosed in Note <span>19</span>.</span><a href="#TOC"></a> </p> <span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfEarningsPerShareExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for earnings per share.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2024-01-01<br> -Section Disclosure<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2024-en-r&amp;doctype=Standard&amp;dita_xref=IAS33_g70-73A_TI<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfEarningsPerShareExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Segment information<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="text">&#160;<span></span>
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<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><a class="customBookmark" href="#TOC" id="Bdnd12_18320251585246" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><span style="color: #ffffff; font-weight: bold; line-height: inherit;"><span>2</span></span><span style="color: #ffffff; font-weight: bold; line-height: inherit;"><span>4</span></span><span style="color: #ffffff; font-weight: bold; line-height: inherit;">. Segment information</span></a></div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The segments shown in these financial statements are strategic business units supplying different products and services. Intersegment sales are made considering the conditions negotiated between the parties.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The main segments are presented in the table below: </span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_S4UAKDZIXC00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 47px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Segment </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Main activities </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 15%; vertical-align: top;" valign="top">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Ultragaz </span></p> </td>
<td style="padding: 0px 0px 0px 7px; height: 10px; width: 85%; vertical-align: top;" valign="top">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Distribution of liquefied petroleum gas (LPG) in the segments: bulk, comprising condominiums, trade, services, industries and agribusiness; and bottled, mainly comprising residential consumers. To expand the offer of energy solutions to its customers, the company also operates in the segments of renewable energy solutions and compressed natural gas. </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: top;" valign="top">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Ipiranga </span></p> </td>
<td style="padding: 0px 0px 0px 7px; height: 10px; vertical-align: top;" valign="top">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Distribution and sale of oil-related products, biofuels and similar products (gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants) to service stations that operate under the Ipiranga brand throughout Brazil and to major consumers and carrier-reseller-retailer (TRRs), as well as in the convenience stores and automotive services segments. </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: top;" valign="top">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Ultracargo </span></p> </td>
<td style="padding: 0px 0px 0px 7px; height: 10px; vertical-align: top;" valign="top">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Operates in specialized liquid bulk storage solutions in the main logistics centers of Brazil. </span></p> </td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Geographic area information</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>

<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The subsidiaries generate revenue from operations in Brazil, as well as from exports of products and services to foreign customers, as disclosed below:</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_US9F28O8G000000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 154px;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 8pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Times new roman; font-size: 8pt; font-weight: bold;"> <span>2024</span> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Times new roman; font-size: 8pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Times new roman; font-size: 8pt; font-weight: bold;"> <span>2023</span> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Times new roman; font-size: 8pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center;"><span style="font-family: Times new roman; font-size: 8pt; font-weight: bold;"> <span>2022</span> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: Times new roman; font-size: 10pt;"> Net revenue from sales and services: </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 65%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: Times new roman; font-size: 10pt;"> Brazil </span></p> </td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> 132,311,614 </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> 124,400,378 </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> 140,801,146 </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: Times new roman; font-size: 10pt;"> Europe </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> 50,717 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> 202,665 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> 607,416 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: Times new roman; font-size: 10pt;"> United States of America and Canada </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> 681,136 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> 1,084,594 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> 1,785,413 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: Times new roman; font-size: 10pt;"> Other Latin American countries </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> 202,949 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> 204,306 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> 73,351 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: Times new roman; font-size: 10pt;"> Singapore </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> 166,673 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> 145,082 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;">359,250</span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: Times new roman; font-size: 10pt;"> Others </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> 85,824 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> 11,676 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> 8,132 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: Times new roman; font-size: 10pt;"> Total </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> 133,498,913 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 18px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> 126,048,701 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 18px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Times new roman; font-size: 10pt;"> 143,634,708 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 18px;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>  </div>
<div>
<p style="margin: 0pt;"><br/></p>
<div>
<div id="t_ft_W9ICF70YBK00000000000000000000b">
 </div> </div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">b. Financial information related to segments</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div style="border-left: none; border-right: none;">

<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The main financial information of each of the continuing operations of the Company&#8217;s segments is as follows. </span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_KWPUR1069S00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 368px;" width="100%">
<tbody>
<tr style="height: 17px;">
<td colspan="20" style="padding: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 0px;">
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 11px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Profit or loss </span></p> </td>
<td rowspan="2" style="padding: 0px; height: 11px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Ipiranga </span></p> </td>
<td rowspan="2" style="padding: 0px; height: 11px; vertical-align: bottom;" valign="bottom"><br/></td>
<td rowspan="2" style="padding: 0px; height: 11px; vertical-align: bottom;" valign="bottom"><br/></td>
<td rowspan="2" style="padding: 0px; height: 11px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Ultragaz </span></p> </td>
<td rowspan="2" style="padding: 0px; height: 11px; vertical-align: bottom;" valign="bottom"><br/></td>
<td rowspan="2" style="padding: 0px; height: 11px; vertical-align: bottom;" valign="bottom"><br/></td>
<td rowspan="2" style="padding: 0px; height: 11px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Ultracargo </span></p> </td>
<td rowspan="2" style="padding: 0px; height: 11px; vertical-align: bottom;" valign="bottom"><br/></td>
<td rowspan="2" style="padding: 0px; height: 11px; vertical-align: bottom;" valign="bottom"><br/></td>
<td rowspan="2" style="padding: 0px; height: 11px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Others <span style="font-size: 7pt;"><sup>(<span>1</span>) (<span>2</span>)</sup></span></span></p> </td>
<td rowspan="2" style="padding: 0px; height: 11px; vertical-align: bottom;" valign="bottom"><br/></td>
<td rowspan="2" style="padding: 0px; height: 11px; vertical-align: bottom;" valign="bottom"><br/></td>
<td rowspan="2" style="padding: 0px; height: 11px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Subtotal Segments </span></p> </td>
<td rowspan="2" style="padding: 0px; height: 11px; vertical-align: bottom;" valign="bottom"><br/></td>
<td rowspan="2" style="padding: 0px; height: 11px; vertical-align: bottom;" valign="bottom"><br/></td>
<td rowspan="2" style="padding: 0px; height: 11px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Eliminations </span></p> </td>
<td rowspan="2" style="padding: 0px; height: 11px; vertical-align: bottom;" valign="bottom"><br/></td>
<td rowspan="2" style="padding: 0px; height: 11px; vertical-align: bottom;" valign="bottom"><br/></td>
<td rowspan="2" style="padding: 0px; height: 11px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Total </span></p> </td>
<td rowspan="2" style="padding: 0px; height: 11px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 11px;">
<td style="height: 11px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 30.5%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Net revenue from sales and services </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 121,336,232 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 11,288,418 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 1,075,558 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 8,691 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 133,708,899 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (209,986 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 133,498,913 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Transactions with third parties </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 121,335,586 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 11,287,337 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 875,997 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (7 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 133,498,913 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>&#8208;</span> </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 133,498,913 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Intersegment transactions </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 646 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,081 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 199,561 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 8,698 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 209,986 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (209,986 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span>-</span></span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Cost of products and services sold </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (114,730,458 </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (8,895,244 </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (386,568 </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (124,012,270 </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 200,377 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (123,811,893 </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Gross profit </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 6,605,774 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 2,393,174 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 688,990 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 8,691 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 9,696,629 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (9,609 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 9,687,020 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Operating income (expenses) </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Selling and marketing </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,886,281 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (606,609 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (10,723 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (11 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,503,624 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 4,077 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,499,547 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> General and administrative </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,132,913 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (344,060 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (176,687 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (230,068 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,883,728 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 11,636 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,872,092 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Results from disposal of property, plant and equipment and intangible assets </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 167,657 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 4,134 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (24 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 70 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 171,837 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 171,837 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other operating income (expenses), net </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (512,714 </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 82,552 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 13,692 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,378 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (414,092 </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (414,092 </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Operating income (loss) </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 3,241,523 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 1,529,191 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 515,248 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (218,940 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 5,067,022 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 6,104 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 5,073,126 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Share of profit (loss) of subsidiaries, joint ventures and associates </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (8,654 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 578 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 3,433 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (122,539 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (127,182 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (127,182 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Amortization of fair value adjustments on associates acquisition </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,493 </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,493 </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,493 </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total share of profit (loss) of subsidiaries, joint ventures and associates </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (8,654 </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 578 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 940 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (122,539 </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (129,675 </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (129,675 </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Income (loss) before financial result and income and social contribution taxes </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 3,232,869 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 1,529,769 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 516,188 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (341,479 </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 4,937,347 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 6,104 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 4,943,451 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Depreciation and amortization (a) </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 444,924 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 284,153 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 118,559 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 19,451 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 867,087 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (5,953 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 861,134 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Amortization of contractual assets with customers - exclusivity rights </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 553,840 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,243 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">-</span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 555,083 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 555,083 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Amortization of right-of-use assets </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 213,092 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 66,081 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 29,998 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,889 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 312,060 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 312,060 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Amortization of fair value adjustments on associates acquisition </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,493 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,493 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,493 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total depreciation and amortization </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 1,211,856 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 351,477 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 151,050 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 22,340 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 1,736,723 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (5,953 </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 1,730,770 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_C75VSLE40000000000000000000000b">
<table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td style="width: 3%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(a)</span></td>
<td style="width: 97%;"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The amount is net of PIS and COFINS on depreciation in the amount of R$ 39,539.</span></span></td> </tr>
<tr>
<td style="vertical-align: top;" valign="top">(<span>1</span>)</td>
<td style="text-align: justify;"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Includes in the line &#8220;General and administrative and Revenue from sale of goods&#8221; the amount of R$ 172,242 in <span style="border-left: none; border-right: none;">2024</span> of expenses related to Ultrapar's holding structure.</span></span></td> </tr>
<tr>
<td style="vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(<span>2</span>)</span></td>
<td style="text-align: justify;"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The &#8220;Others&#8221; column refers to the parent Ultrapar and subsidiaries Imaven, Ultrapar International, UVC Investimentos, UVC - Fundo de investimento and share of profit (loss) of joint ventures RPR and Hidrovias.</span></span></td> </tr> </tbody> </table> </div>
<div>
<div id="t_ft_ADE5UJQOU800000000000000000000b">
 </div> </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_P6ZLF2UK5S00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 204px;" width="100%">
<tbody>
<tr style="height: 17px;">
<td colspan="20" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br/></td> </tr>
<tr style="height: 0px;">
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Profit or loss </span></p> </td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Ipiranga (Restated)</span><sup><span style="font-weight: bold; line-height: inherit;"> (<span>3</span>)</span></sup></span></p> </td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Ultragaz </span></p> </td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Ultracargo </span></p> </td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Others <span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(Restated) <sup>(<span>1</span>) (<span>2</span>) (<span>3</span>)</sup></span></span></span></p> </td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Subtotal Segments </span></p> </td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Eliminations </span></p> </td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Total </span></p> </td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 30.5%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Net revenue from sales and services </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 114,551,830 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 0.5%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 0.5%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 10,670,793 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 0.5%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 0.5%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 1,015,564 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 0.5%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 0.5%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 14,308 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 0.5%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 0.5%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 126,252,495 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 0.5%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 0.5%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (203,794 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 0.5%;"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 0.5%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 126,048,701 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 0.5%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Transactions with third parties </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 114,551,827 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 10,669,365 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 815,249 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 12,260 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 126,048,701 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>&#8208;</span> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 126,048,701 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Intersegment transactions </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 3 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,428 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 200,315 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,048 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 203,794 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (203,794 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span>&#8208;</span> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Cost of products and services sold </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (108,074,324 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (8,485,215 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (355,798 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (116,915,337 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 184,868 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (116,730,469 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Gross profit </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 6,477,506 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 2,185,578 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 659,766 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 14,308 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 9,337,158 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (18,926 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 9,318,232 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Operating income (expenses) </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Selling and marketing </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,615,178 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (626,554 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (11,395 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (99 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,253,226 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,253,226 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> General and administrative </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,318,092 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (298,171 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (167,344 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (253,478 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,037,085 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 18,926 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,018,159 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Results from disposal of property, plant and equipment and intangible assets </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 170,604 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 13,199 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 103 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,915 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 180,991 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (59,056 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 121,935 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other operating income (expenses), net </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (657,376 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 20,191 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,335 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 31,985 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (602,865 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (602,865 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Operating income (loss) </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 3,057,464 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 1,294,243 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 483,465 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (210,199 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 4,624,973 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (59,056 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 4,565,917 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Share of profit (loss) of subsidiaries, joint ventures and associates </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (7,508 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 26 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 11,764 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 7,626 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 11,908 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 11,908 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Income (loss) before financial result and income and social contribution taxes </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 3,049,956 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 1,294,269 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 495,229 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (202,573 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 4,636,881 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (59,056 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 4,577,825 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Depreciation and amortization (a) </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 429,809 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 291,462 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 105,274 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 14,324 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 840,869 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (492 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 840,377 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Amortization of contractual assets with customers - exclusivity rights </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 606,036 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,410 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 607,446 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 607,446 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Amortization of right-of-use assets </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 211,934 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 61,124 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 30,454 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,388 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 305,900 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 305,900 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total depreciation and amortization </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,247,779 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 353,996 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 135,728 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 16,712 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,754,215 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (492 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,753,723 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_15M9OQDOEO00000000000000000000b">
<table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 40px;">
<tbody>
<tr style="height: 10px;">
<td style="width: 3%; vertical-align: top; height: 10px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(a)</span></td>
<td style="width: 97%; height: 10px;"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="border-right: none; border-left: none;">The amount is net of PIS and COFINS on depreciation in the amount of R$ 8,517.</span></span></span></td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px;" valign="top">(<span>1</span>)</td>
<td style="text-align: justify; height: 10px;"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="border-right: none; border-left: none;">Includes in the line &#8220;General and administrative and Revenue from sale of goods&#8221; the amount of R$ 167,929 in <span style="border-left: none; border-right: none;">2023</span> of expenses related to Ultrapar's holding structure.</span></span></span></td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(<span>2</span>)</span></td>
<td style="text-align: justify; height: 10px;"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="border-right: none; border-left: none;">The &#8220;Others&#8221; column refers to the parent Ultrapar and subsidiaries Imaven, Ultrapar International, UVC Investimentos, UVC - Fundo de investimento and share of profit (loss) of joint venture RPR.</span></span></span></td> </tr>
<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(<span>3</span>)</span></td>
<td style="text-align: justify; height: 10px;"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="border-right: none; border-left: none;">Refers to a change on the corporate structure which the companies Ea&#237; and Millenium became part of Ipiranga consolidated, being restated in <span style="border-left: none; border-right: none;">2023</span> for compability purposes.</span></span></span></td> </tr> </tbody> </table> </div>
<div>
<div id="t_ft_723QTOZ6JK00000000000000000000b">
 </div> </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_YY862FNIN400000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 217px;" width="100%">
<tbody>
<tr style="height: 17px;">
<td colspan="20" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;">12/31/2022</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 0px;">
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Statement of income </span></p> </td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Ipiranga </span></p> </td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Ultragaz </span></p> </td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Ultracargo </span></p> </td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Others <sup>(<span>1</span>) (<span>2</span>)</sup></span></p> </td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Subtotal Segments </span></p> </td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Eliminations </span></p> </td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px;"><br/></td> </tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 30.5%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Net revenue from sales and services </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 131,337,966 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 11,483,398 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 867,148 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 218,770 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 143,907,282 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (272,574 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 0.5%;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 0.5%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 143,634,708 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; width: 0.5%;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Transactions with third parties </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 131,253,637 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11,480,697 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 684,350 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 216,024 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 143,634,708 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 143,634,708 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Intersegment transactions </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 84,329 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,701 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 182,798 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,746 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 272,574 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (272,574 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost of products and services sold </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (126,569,490 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (9,446,354 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (340,621 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (185,914 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (136,542,379 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 266,122 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (136,276,257 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Gross profit </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 4,768,476 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2,037,044 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 526,527 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 32,856 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 7,364,903 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (6,452 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 7,358,451 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Operating income (expenses) </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Selling and marketing </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,552,636 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (576,087 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (12,701 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (561 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,141,985 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,141,985 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> General and administrative </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (828,753 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (257,315 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (134,208 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (320,657 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,540,933 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,452 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,534,481 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Gain (loss) on disposal of property, plant and equipment and intangible assets </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 168,709 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,381 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (887 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,848 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 169,289 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 169,289 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other operating income (expenses), net </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (525,966 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,235 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,330 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,879 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (514,522 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (514,522 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Operating income </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2,029,830 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,208,496 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 382,061 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (283,635 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 3,336,752 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 3,336,752 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Share of profit (loss) of subsidiaries, joint ventures and associates </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (10,052 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,880 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 26,100 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,181 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,181 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Income (loss) before financial result and income and social contribution taxes </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2,019,778 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,208,509 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 378,181 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (257,535 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 3,348,933 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 3,348,933 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Depreciation of PP&amp;E and amortization of intangible assets </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 353,962 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 239,204 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 94,337 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 44,738 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 732,241 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 732,241 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Amortization of contractual assets with customers - exclusivity rights </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 503,751 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,502 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 505,253 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (346 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 504,907 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Amortization of right-of-use assets </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 191,178 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 56,177 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 37,124 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,940 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 288,419 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<div style="border-left: none; border-right: none;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</span></p> </div> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 288,419 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total depreciation and amortization </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,048,891 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 296,883 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 131,461 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 48,678 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,525,913 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (346 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,525,567 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt;"><br/></p>
<div id="t_ft_3857E5RFEO00000000000000000000b">
<table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; height: 51px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr style="height: 17px;">
<td style="width: 3%; height: 17px; vertical-align: top;" valign="top">(<span>1</span>)</td>
<td style="width: 97%; height: 17px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Includes in the line &#8220;General and administrative and Revenue from sale of goods&#8221; the amount of R$ 157,621 in <span>2022</span> of expenses related to Ultrapar's holding structure.</span></span></td> </tr>
<tr style="height: 34px;">
<td style="height: 34px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(<span>2</span>)</span></td>
<td style="height: 34px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The &#8220;Others&#8221; column refers to the parent Ultrapar and the subsidiaries Abastece A&#237;, Millenium, Serma, Imaven Im&#243;veis Ltda. (&#8220;Imaven&#8221;), Ultrapar International, Ultrapar Empreendimentos, UVC Investimentos, UVC - Fundo de investimento and share of profit (loss) of joint venture RPR. In <span>2022</span> the Company ceased to present Abastece A&#237; as a separate segment, including its balance in the &#8220;Others&#8221; column.</span></span></td> </tr> </tbody> </table> </div>  </div>
<p style="margin: 0pt;"><br/></p>
<div>
<div id="t_ft_B8FV2Z9VB400000000000000000000b">
 </div> </div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Assets by segment<br/></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p>

<div id="t_ft_A36YKTHN0000000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 137px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">
<tbody>
<tr style="height: 17px;">
<td colspan="14" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Ultracargo </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Others <span style="font-size: 7pt;"><sup>(</sup></span></span><span style="font-size: 7pt;"><sup><span style="font-weight: bold; line-height: inherit;"><span>1</span></span><span style="font-weight: bold; line-height: inherit;">)</span></sup></span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 51%; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Investments </span></p> </td>
<td style="padding: 0px; height: 17px; width: 8%; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 146,450 </span></p> </td>
<td style="padding: 0px; height: 17px; width: 1%; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; width: 1%; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; width: 8%; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,042 </span></p> </td>
<td style="padding: 0px; height: 17px; width: 1%; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; width: 1%; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; width: 8%; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 216,134 </span></p> </td>
<td style="padding: 0px; height: 17px; width: 1%; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; width: 1%; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; width: 8%; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,785,007 </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; width: 8%; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,148,633 </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Property, plant and equipment </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,282,469 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,566,376 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,157,663 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 129,458 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,135,966 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Intangible assets </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,017,405 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 333,652 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 283,598 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 273,675 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,908,330 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Right-of-use assets </span></p> </td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 911,783 </span></p> </td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 152,024 </span></p> </td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 599,853 </span></p> </td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,664 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 18px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 18px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,671,324 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 18px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other current and non-current assets </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 2.4pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 20,944,583 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 1.55pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,156,708 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 2.15pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 393,368 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 2.1pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,199,162 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 26,693,821 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total assets (excluding intersegment transactions) </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 26,302,690 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,209,802 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,650,616 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,394,966 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 39,558,074 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"> <br/></p>
<div id="t_ft_42KVZ0H1LC00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 153px;" width="100%">
<tbody>
<tr style="height: 17px;">
<td colspan="14" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Ipiranga (Restated)</span><sup><span style="font-weight: bold; line-height: inherit;"> (<span>2</span>)</span></sup></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Ultracargo </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Others <span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(Restated) <span style="font-size: 7pt;"><sup>(</sup></span></span></span><span style="font-size: 7pt;"><sup><span style="font-weight: bold; line-height: inherit;"><span>1</span></span><span style="font-weight: bold; line-height: inherit;">) </span><span style="font-weight: bold; line-height: inherit;">(<span>2</span>)</span></sup></span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 51%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Investments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 68,107 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 240 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 215,745 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 34,264 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 318,356 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Property, plant and equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,224,662 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,438,662 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,698,605 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 25,652 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,387,581 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Intangible assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,612,584 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 282,517 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 281,054 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 377,762 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,553,917 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Right-of-use assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 907,867 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 149,698 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 622,781 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 31,180 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,711,526 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other current and non-current assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 19,228,878 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,273,866 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 415,085 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,362,765 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,280,594 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total assets (excluding intersegment transactions) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 25,042,098 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,144,983 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,233,270 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,831,623 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 38,251,974 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p>
<div id="t_ft_9HASGNXLUO00000000000000000000b">
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<td style="width: 3%; vertical-align: top;" valign="top">(<span>1</span>)</td>
<td style="width: 97%; text-align: justify; vertical-align: top;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The &#8220;Others&#8221; column refers to the parent Ultrapar and subsidiaries Imaven, Ultrapar International, UVC Investimentos, UVC - Fundo de investimento and share of profit (loss) of joint venture RPR.</span></span></td> </tr>
<tr>
<td style="vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(<span>2</span>)</span></td>
<td style="text-align: justify; vertical-align: top;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Refers to a change on the corporate structure which the companies Ea&#237; and Millenium became part of Ipiranga consolidated, being restated in <span style="border-left: none; border-right: none;">2023</span> for compability purposes.</span></span></td> </tr> </tbody> </table> </div>  </div> </div> <span></span>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Financial Instruments<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsAbstract', window );"><strong>Financial Instruments</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory', window );">Financial Instruments</a></td>
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<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid;"><a class="customBookmark" href="#TOC" id="Bndd321_1832025151118380" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><span style="color: #ffffff; font-weight: bold; line-height: inherit;"><span>2</span></span><span style="color: #ffffff; font-weight: bold; line-height: inherit;"><span><span>5</span></span></span><span style="color: #ffffff; font-weight: bold; line-height: inherit;">. Financial instruments</span></a></div>

<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial instruments are classified and measured as follows:</span></p>
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<td style="width: 5%; text-align: center; vertical-align: top; height: 32px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226; </span></td>
<td style="width: 95%; vertical-align: top; text-align: justify; height: 32px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amortized cost: financial instruments held in order to collect and comply with contractual cash flows, solely principal and interest. Interest earned, losses and foreign exchange variations are recognized in profit or loss and balances are stated at amortized cost using the effective interest rate method.</span></td> </tr>
<tr style="height: 48px;">
<td style="text-align: center; vertical-align: top; height: 48px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226; </span><br/></td>
<td style="vertical-align: top; text-align: justify; height: 48px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Measured at fair value through other comprehensive income: financial instruments contracted for the purpose of collecting contractual cash flows or selling financial assets. The balances are stated at fair value, and interest earned, losses and foreign exchange variations are recognized in profit or loss. Differences between fair value and initial amount of financial investments plus interest earned and foreign exchange variations are recognized in equity under &#8220;Accumulated other comprehensive income&#8221;. Accumulated gains and losses recognized in equity are reclassified to profit or loss at the time of their settlement.</span></td> </tr>
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<td style="text-align: center; vertical-align: top; height: 32px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226; </span></td>
<td style="vertical-align: top; text-align: justify; height: 32px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Measured at fair value through profit or loss: financial instruments that were not classified as amortized cost or as measured at fair value through other comprehensive income. Balances are stated at fair value. Interest earned, foreign exchange variations and changes in fair value are recognized in profit or loss. Investment funds and derivatives are classified as measured at fair value through profit or loss.</span></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries use financial instruments for hedging purposes, applying the following concepts:</span> </p>
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<td style="width: 5%; text-align: center; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226; </span></td>
<td style="width: 95%; vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Hedge accounting &#8211; fair value hedge: financial instrument used to hedge exposure to changes in the fair value of an item, attributable to a particular risk, which can affect profit or loss.</span><br/></td> </tr>
<tr>
<td style="text-align: center; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226; </span><br/></td>
<td style="vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Hedge accounting &#8211; cash flow hedge: financial instruments used to hedge the exposure to variability in cash flows that is attributable to a risk associated with an asset or liability or highly probable transaction or firm commitment that may affect profit or loss.</span></td> </tr>
<tr>
<td style="text-align: center; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226; </span><br/></td>
<td style="vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Hedge accounting &#8211; hedge of investments in foreign operations: financial instruments used to hedge exposure on net investments in foreign subsidiaries due to the fact that the local functional currency is different from the functional currency of the Company</span></td> </tr> </tbody> </table> </div>  </div>
<p style="line-height: 1.2; font-family: 'times new roman', times; margin: 6pt 0pt; text-indent: 0pt;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit;">Classes and categories of financial instruments and their fair values</span></p>
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<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The balances of financial instrument assets and liabilities and the measurement criteria are presented in accordance with the following categories:</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p>
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<tbody>
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<td style="width: 5%; text-align: center; height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(a)</span></td>
<td style="width: 95%; height: 16px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Level </span><span><span>1</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> &#8211; prices negotiated (without adjustment) in active markets for identical assets or liabilities;</span></td> </tr>
<tr style="height: 16px;">
<td style="text-align: center; height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(b)</span></td>
<td style="text-align: justify; height: 16px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Level </span><span><span>2</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> &#8211; inputs other than prices negotiated in active markets included in Level </span><span><span>1</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> and observable for the asset or liability, either directly (as prices) or indirectly (derived from prices); and</span></td> </tr>
<tr style="height: 16px;">
<td style="text-align: center; height: 16px; vertical-align: top;" valign="top"><span style="font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(c)</span> </span></td>
<td style="height: 16px; text-align: justify;"><span style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Level </span><span><span>3</span></span><span style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> - inputs for assets or liabilities that are not based on observable market variables (unobservable inputs).</span></td> </tr> </tbody> </table> </div>
<div>
 </div>
<div id="t_ft_E5N9RUN32O00000000000000000000b">
<p style="margin:0pt"><br/></p>
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 491px; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Level </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Carrying value </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Carrying value </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Fair value </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> December 31, 2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Note </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Measured at fair value through profit or loss </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Measured at amortized cost </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 36%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financial assets: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 5%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 1%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 1%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 1%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash and cash equivalents </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash and banks </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 405,840 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 405,840 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 405,840 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Securities and funds in local currency </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,286,152 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,286,152 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,286,152 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Securities and funds in foreign currency </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 379,601 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 379,601 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 379,601 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Securities and funds in local currency </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4</span>.b </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>2</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,271,979 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,271,979 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,271,979 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Securities and funds in foreign currency </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4</span>.b </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,854,126 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,854,126 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,854,126 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Derivative instruments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4</span>.b </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>2</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 833,986 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 833,986 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 833,986 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Energy trading futures contracts </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> <span>25</span>.h </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>2</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 404,695 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 404,695 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 404,695 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade receivables </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>5</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,913,004 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,913,004 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,913,004 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Reseller financing </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>5</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,404,883 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,404,883 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,404,883 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other receivables and other assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 386,853 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 386,853 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 386,853 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,510,660 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,630,459 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14,141,119 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14,141,119 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financial liabilities: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financing </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>15</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>2</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,085,149 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,004,027 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9,089,176 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,871,550 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>15</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>2</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,468,647 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,302,687 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,771,334 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,728,701 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Derivative instruments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>15</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>2</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 441,600 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 441,600 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 441,600 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Energy trading futures contracts </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>26</span>.h </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>2</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 114,776 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 114,776 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 114,776 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade payables </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>16</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,518,385 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,518,385 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,518,385 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade payables - reverse factoring </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>16</span>.b </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,014,504 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,014,504 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,014,504 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Subscription warrants &#8211; indemnification </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>19</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>1</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 47,745 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 47,745 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 47,745 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financial liabilities of customers </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 180,225 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 180,225 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 180,225 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Contingent consideration </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>3</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 42,186 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 52,988 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 95,174 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 95,174 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other payables </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 171,520 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 171,520 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 171,520 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,200,103 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,244,336 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 19,444,439 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 19,184,180 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> </div>
<div>
<div style="border-left: none; border-right: none;">
<div>
<div>
<div>
 </div> </div> </div> </div> </div>
<div id="t_ft_PYDSOIZCK000000000000000000000b">
<p style="margin:0pt"><br/></p>
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 427px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Level </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Carrying value </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Carrying value </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Fair value </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> December 31, 2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Note </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Measured at fair value through profit or loss </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Measured at amortized cost </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 35%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financial assets: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 6%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 16px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 16px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash and cash equivalents </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash and banks </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 125,152 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 125,152 </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 125,152 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Securities and funds in local currency </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,476,726 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,476,726 </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,476,726 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Securities and funds in foreign currency </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 323,810 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 323,810 </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 323,810 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financial investments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Securities and funds in local currency </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4</span>.b </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>2</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 82,592 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 82,592 </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 82,592 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Derivative instruments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4</span>.b </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>2</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,162,283 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,162,283 </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,162,283 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade receivables </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>5</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,269,473 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,269,473 </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,269,473 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Reseller financing </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>5</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,189,886 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,189,886 </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,189,886 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade receivables - sale of subsidiaries </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>5</span>.c </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 924,364 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 924,364 </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 924,364 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other receivables and other assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 393,036 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 393,036 </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 393,036 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,244,875 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,702,447 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,947,322 </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,947,322 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financial liabilities: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financing </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>15</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>2</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,584,452 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,449,857 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,034,309 </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,853,165 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>15</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>2</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,618,704 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 488,269 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,106,973 </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,094,933 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Derivative instruments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>15</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>2</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 626,735 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 626,735 </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 626,735 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade payables </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>16</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,682,671 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,682,671 </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,682,671 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade payables - reverse factoring </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>16</span>.b </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,039,366 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,039,366 </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,039,366 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Subscription warrants &#8211; indemnification </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>19</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>1</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 87,299 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 87,299 </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 87,299 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financial liabilities of customers </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 308,934 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 308,934 </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 308,934 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Contingent consideration </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> <span>27</span>.c </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Level <span>3</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 112,196 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 112,196 </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 112,196 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other payables </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 190,090 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 190,090 </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 190,090 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,029,386 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11,159,187 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 18,188,573 </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 17,995,389 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> </div>
<div>
<div id="t_ft_UMA8WDKGDC00000000000000000000b">
 </div> </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The fair value of financial instruments measured at Levels <span>2</span> and <span>3</span> is described below.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Securities and funds in local currency: Estimated at the fund unit value as of the date of the financial statements, which corresponds to their fair value.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Derivative instruments: Estimated based on the US dollar futures contracts and the future curves of the DI x fixed rate and DI x IPCA contracts, quoted on B<span>3</span> on the closing date.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Energy trading futures contracts: The fair value considers: (i) the prices established in recent purchases and sales; (ii) supply risk margin; and (iii) the market price projected in the availability period. Whenever the fair value at initial recognition differs from the transaction price for these contracts, a gain or loss is recognized.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financing and debentures: Estimated based on the US dollar futures contracts and the future curves of the DI x fixed rate and DI x IPCA contracts, quoted on B<span>3</span> on the closing date. The fair value calculation of notes in the foreign market used the quoted price in the market.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Contingent consideration: Estimated according to Management&#8217;s projections of results based on the discounted cash flow method, considering the contractual goals set for revenue and accounting net cash flow to be achieved in the year ending December 31, 2026, referring to the acquisition of Stella on October 1, 2022.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>

<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The changes in financial liabilities measured at level <span>3</span> of the fair value hierarchy are presented below:</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_XP4N60HFC000000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 138px; text-indent: 0px;" width="100%">
<tbody>
<tr style="background-color: #cceeff; height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 89%; background-color: #cceeff; height: 16px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Balance as of December 31, 2022</span></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; text-align: right; background-color: #cceeff; height: 16px;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 89%; height: 16px;">Additions</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; text-align: right; height: 16px;">111,151</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 16px;"><br/></td> </tr>
<tr style="background-color: #cceeff; height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 89%; background-color: #cceeff; height: 16px;">Monetary variation</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; text-align: right; background-color: #cceeff; border-bottom-color: #000000 !important; height: 16px;">1,045</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 89%; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 112,196 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 16px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Update of earnout assumptions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (71,388 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Settlement </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,500 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Monetary variation </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,878 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 42,186 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Financial risk management</span><br/></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries are exposed to strategic/operational risks and economic/financial risks. Operational/strategic risks (including demand behavior, competition, technological innovation, and material changes in the industry) are addressed by the Company&#8217;s management model.</span> </p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Economic/financial risks primarily reflect default of customers, behavior of macroeconomic variables, such as commodities prices, exchange and interest rates, as well as the characteristics of the financial instruments used and their counterparties. These risks are managed through specific strategies and control policies.</span></p>
<div>
 </div>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company has a financial risk policy approved by its Board of Directors (&#8220;Policy&#8221;). In accordance with the Policy, the main objectives of financial management are to preserve the value and liquidity of financial assets and ensure financial resources for the development of the business, including expansions. The main financial risks considered in the Policy are market risks (currencies, interest rates and commodities), liquidity and credit.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Financial Risk Committee is responsible for monitoring the compliance with the Policy and deciding on any cases of non-compliance. The Audit and Risk Committee (&#8220;CAR&#8221;) advises the Board of Directors in the efficiency of controls and in the review of the Risk Management Policy. The Risk, Integrity and Audit Director monitors the compliance with the Policy and reports to CAR and the Board of Directors the exposure to the risks and any cases of non-compliance with the Policy. </span></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><br/></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries are exposed to the following risks, which are mitigated and managed using specific financial instruments:</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 138px; width: 100%;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 19.68%; text-align: center; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Risks </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1%; text-align: center; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 35%; text-align: center; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Exposure origin </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1%; text-align: center; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 35%; text-align: center; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Management </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 19.68%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Market risk - exchange rate </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 35%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Possibility of losses resulting from exposures to exchange rates other than the functional presentation currency, which may be of a financial or operational origin. </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 35%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Seek exchange rate neutrality, using hedging instruments if applicable. </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; width: 19.68%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Market risk - interest rate </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 16px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; width: 35%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Possibility of losses resulting from the contracting of fixed-rate financial assets or liabilities. </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; width: 35%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Maintain most of the net financial exposure indexed to floating rates, linked to the basic interest rate. </span></p> </td> </tr>
<tr style="height: 32px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; height: 32px; width: 19.68%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Market risk - commodity prices </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 32px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; height: 32px; width: 35%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Possibility of losses resulting from changes in the prices of the main raw materials or products sold by the Company and their effects on profit or loss, statement of financial position and cash flow. </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; height: 32px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; height: 32px; width: 35%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Hedging instruments, if applicable. </span></p> </td> </tr>
<tr style="height: 32px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 32px; width: 19.68%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Credit risk </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 32px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 32px; width: 35%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Possibility of losses associated with the counterparty's failure to comply with financial obligations due to insolvency issues or deterioration in risk classification. </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 32px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 32px; width: 35%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Diversification and monitoring of counterparty&#8217;s solvency and liquidity indicators. </span></p> </td> </tr>
<tr style="height: 32px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; height: 32px; width: 19.68%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Liquidity risk </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 32px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; height: 32px; width: 35%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Possibility of inability to honor obligations, including guarantees, and incurring losses. </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; height: 32px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; height: 32px; width: 35%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> For cash management: financial investments liquidity. For debt management: seek the combination of better terms and costs, by monitoring the ratio of average debt term to financial leverage. </span></p> </td> </tr> </tbody> </table>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p> </div>
<div style="line-height: 1.2; text-align: justify;">
<p style="margin: 0pt 0pt 12pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Market risk - exchange and interest rates</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Currency risk management is guided by neutrality of currency exposures and considers the risks associated to changes in exchange rates. The Company considers as its main exposure the assets and liabilities in foreign currency.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries use foreign exchange hedging instruments to protect their assets, liabilities, receipts, disbursements and investments in foreign currencies. These instruments aim to reduce the effects of foreign exchange variations, within the exposure limits of its Policy.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As to the interest rate risk, the Company and its subsidiaries raise and invest funds mainly linked to the DI. The Company seeks to maintain most of its financial assets and liabilities with floating interest rates, adopting instruments that hedge against the risk of changes in interest rates.</span></p>
<div>
<div id="t_ft_7LQB4M9X4000000000000000000000b">
 </div> </div>
<p style="margin: 0pt; font-family: 'times new roman', times;"><span style="font-size: 10pt;"><br/></span></p> <span style="font-size: 10pt; font-family: 'times new roman', times;">The assets and liabilities exposed to foreign currency, translated to Reais, and/or exposed to floating interest rates are shown below: </span></div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>

<div id="t_ft_E9YL9NE67400000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 298px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Exchange rate </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Interest rate </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Note </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Currency </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Index </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; width: 34%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; width: 5%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; width: 8%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash, cash equivalents, and financial investments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,428,520 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 371,474 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,558,131 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,559,318 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade receivables, net of allowance for expected credit losses </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>5</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,393 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 84,855 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Inventories </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>6</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 93,821 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade receivables - sale of subsidiaries </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>5</span>.c </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> BRL/ USD </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 715,877 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 208,487 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other assets in foreign currency </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 21,028 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 152,393 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,570,762 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,324,599 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,558,131 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,767,805 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Liabilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Loans, financing and debentures <span style="font-size: 8pt;"><span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>15</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD/ EUR/ JPY </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,681,657 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,297,013 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,515,010 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,242,524 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Loans &#8211; FINEP </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>15</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> TJLP </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (679 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,264 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Payables arising from imports </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>16</span>.a </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (936,140 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,730,426 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other liabilities in foreign currency </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (41,298 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,659,095 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,027,439 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,515,689 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,243,788 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Derivative instruments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> <span>25</span>.f </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD / EUR / JPY </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,470,855 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,309,125 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,380,131 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (8,567,676 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (617,478 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (393,715 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,337,689 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,043,659 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net liability position - effect on equity </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (10,857 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net liability position - effect on profit or loss </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (617,478 </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (382,858 </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,337,689 </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,043,659 </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; break-after: avoid; break-inside: avoid;"><br/></p>
<div id="t_ft_SNELON3NTC00000000000000000000b">
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td style="width: 3%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(</span><span style="font-size: 10pt;"><span>1</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="font-size: 10pt;">)</span></span></td>
<td style="width: 97%; text-align: justify;"><span><span style="width: 97%;">Gross transaction costs of R$ </span>7,807<span style="width: 97%;"> (R$ </span>10,116<span style="width: 97%;"> as of December 31, 2023 and R$ </span>12,405<span style="width: 97%;"> as of December 31, 2022) and discount on notes in the foreign market of R$ </span>5,246<span style="width: 97%;"> (R$ </span>8,107<span style="width: 97%;"> as of December 31, 2023 and R$ </span>10,968<span style="width: 97%;"> as of December 31, 2022).</span></span></td> </tr> </tbody> </table> </div>
<div>
<div>
 </div> </div> </div>
<div style="line-height: 1.2;">
<div style="border-left: none; border-right: none;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><br/></span></p>

<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Sensitivity analysis with devaluation of the Real and interest rate increase</span></p>
<p style="margin: 0pt;"><br/></p>
<div style="border-left: none; border-right: none;">
<div id="t_ft_KMRC139T8G00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 42px; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Exchange rate - Real devaluation </span><span style="font-weight: bold; vertical-align: super; line-height: inherit;">(i)</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-weight: bold; line-height: inherit; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Interest rate increase </span><span style="font-weight: bold; vertical-align: super; line-height: inherit;">(ii)</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 67%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Effect on profit or loss </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 15%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (28,637 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 15%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (260,723 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (28,637 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (260,723 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; orphans: 0; widows: 0;"><br/></p>
<div style="border-left: none; border-right: none;">
<table style="width: 100%; margin-left: 0.1px; height: 32px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr style="height: 16px;">
<td style="width: 3%; height: 16px; vertical-align: top;" valign="top"><sub><span style="vertical-align: super; line-height: inherit;">(i)</span> </sub></td>
<td style="width: 97%; height: 16px; vertical-align: top; text-align: justify;" valign="top">
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> The average U.S. dollar rate of R$ 6.4226 was used for the sensitivity analysis, based on future market curves as of December 31, 2024 on the net position of the Company exposed to the currency risk, simulating the effects of devaluation of the Real on profit or loss. The closing rate considered was R$ 6.1923. The table above shows the effects of the exchange rate changes on the net liability position of R$ 617,478 (or US$ 99,716 using the closing rate) in foreign currency as of December 31, 2024. </span></span></p> </td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(ii)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span><span style="border-right: none; border-left: none;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">For the probable scenario presented, the Company used as a base scenario the market curves affected by the Interbank Deposit (DI) rate and the Long-Term Interest Rate (TJLP). The sensitivity analysis shows the incremental expenses and income that would be recognized in financial result, if the market curves of floating interest at the base date were applied to the average balances of the current year. The annual base rate used was </span></span>10.88<span style="border-right: none; border-left: none;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">% and the sensitivity rate was 14.77</span></span><span style="border-right: none; border-left: none;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">% according to reference rates made available by B3</span></span><span style="border-right: none; border-left: none;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">.</span></span></span></span></td> </tr> </tbody> </table> </div> </div>
<div style="border-left: none; border-right: none;"><br/></div> </div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Market risk - commodity prices</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries are exposed to commodity price risk, mainly in relation to diesel and gasoline, affected by macroeconomic and geopolitical factors.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The foreign exchange derivative instruments and commodities designated as fair value hedge are concentrated in subsidiary Ipiranga. The objective is to convert the cost of the imported product from fixed to variable until fuel blending, aligning it to the sales price. Ipiranga&#160;uses over-the-counter derivatives for this hedge operation, aligning them with the value of the inventories of imported product.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">To mitigate this risk, the Company continuously monitors the market and uses hedge operations with derivative contracts, traded on the stock exchange and the over-the-counter market.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>

<div id="t_ft_RJS2AJYUIO00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 42px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
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<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Derivative </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Fair value (R$ thousand) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Possible scenario (&#8710; of <span>10</span>% - R$ thousand) </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 20%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 20%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 22%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 15%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 19%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Commodity forward </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,707 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 20,702 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (12,430 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,663 </span></p> </td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">(*) The table above shows the positions of derivative financial instruments to hedge commodity price risk as of December 31, 2024 and <span>2023</span>, in addition to a sensitivity analysis considering a valuation of 10% of the closing price for each year. For further information, see Note <span>25</span>.f.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">c. Credit risk</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Credit risk is related to the possibility of non-compliance with a commitment by a counterparty in a transaction. Credit risk is managed strategically and arises from cash equivalents, financial investments, derivative financial instruments and trade receivables, among others.</span></p>
<div>
 </div>
<div><span style="font-size: 13.3333px; font-weight: bold; float: none; line-height: inherit; display: inline !important;"><br/></span></div>
<div><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">c.</span><span style="font-size: 10pt;"><span>1</span><span style="font-size: 13.3333px; font-weight: bold; float: none; line-height: inherit; display: inline !important;"> Financial institutions and government</span></span></span></div> </div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><br/></p>

<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The credit risk of financial institutions and governments related to cash and cash equivalents, financial ivestments and derivative financial instruments as of December 31, 2024, by counterparty rating, is summarized below: </span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_O8O9CQ9NOG00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 106px; width: 100%;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Fair value </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Counterparty credit rating </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 78%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> AAA </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,557,385 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,714,493 </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> AA </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 285,520 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 408,375 </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> A </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,668 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 464 </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Others<span style="font-size: 8pt;"><sup> <span style="vertical-align: super; line-height: inherit;">(*)</span></sup></span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 185,111 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 47,231 </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,031,684 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,170,563 </span></p> </td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (*) </span><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><sup><sup><sup><sup> </sup></sup></sup></sup><span>Refers substantially to investments as minority interest, which are classified as long-term investments.</span></span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">c.<span>2</span> Trade receivables</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Credit granting is managed in subsidiaries based on policies and criteria specific to each business segment. The process includes credit analysis, the establishment of limits and required guarantees, with approval at predefined approval levels.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The subsidiaries manage credit throughout the customer&#8217;s life cycle, with specific processes for monitoring credit risk and renegotiating or executing credit, as applicable.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For further information on the allowance for expected credit losses, see Note <span>5</span>.b.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">d. Liquidity risk</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Liquidity risk is the possibility of the Company facing difficulties to comply with its financial obligations, which must be settled with payments or other financial assets. </span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The main sources of liquidity of the Company and its subsidiaries arise from:</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt 0pt 0pt 58pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: -38pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">(i)&#160; cash and financial investments; </span></p>
<p style="margin: 0pt 0pt 0pt 54pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -36pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">(ii)&#160; cash flow generated by its operations; and </span></p>
<p style="margin: 0pt 0pt 0pt 54pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -36pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">(iii) loans. </span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries have sufficient working capital and sources of financing to meet their current needs. As of December 31, 2024, the Company and its subsidiaries had R$ 4,624,604 in cash, cash equivalents, and short-term financial investments (for quantitative information, see Note <span>4</span>).</span></p>
 </div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p>

<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below presents a summary of financial liabilities and leases payable as of December 31, 2024 by the Company and its subsidiaries, listed by maturity. The amounts presented are the contractual undiscounted cash flows, and may differ from the amounts disclosed in the statement of financial position:</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_ZE5UKB8S8000000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 142px; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 50.9419%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 8.02621%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Less than <span>1</span> year </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 1.48368%;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.982801%;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 8.02621%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Between <span>1</span> and <span>3</span> years </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.982801%;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.982801%;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 8.02621%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Between <span>3</span> and <span>5</span> years </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1.47493%;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.982801%;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 8.02621%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> More than <span>5</span> years </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1.48368%;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.982801%;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 8.02621%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; width: 50.9419%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Loans including future contractual interest <span style="font-size: 8pt; line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(<span>1</span>) (<span>2</span>)</span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; width: 8.02621%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,087,776 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; width: 1.48368%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 0.982801%; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; width: 8.02621%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,071,329 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 0.982801%; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 0.982801%; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; width: 8.02621%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,646,153 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1.47493%; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 0.982801%; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; width: 8.02621%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,503,918 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1.48368%; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 0.982801%; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; width: 8.02621%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 16,309,176 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 0.982801%; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 50.9419%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Derivative instruments <span style="font-size: 8pt; line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(<span>3</span>)</span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 392,381 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 933,913 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,082,726 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 1.47493%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (779,771 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 1.48368%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (536,203 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 0.982801%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 50.9419%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade payables </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,518,385 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,518,385 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 50.9419%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade payables - reverse factoring </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,014,504 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,014,504 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 50.9419%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leases payable </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 355,336 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 523,929 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 346,561 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 891,997 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,117,823 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 50.9419%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financial liabilities of customers </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 30,257 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 170,158 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 200,415 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 50.9419%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Contingent consideration </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 42,186 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 42,186 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 50.9419%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other payables </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 159,930 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 17,990 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 177,920 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 50.9419%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9,558,569 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,717,319 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,952,174 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,616,144 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 8.02621%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 22,844,206 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 0.982801%; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><br/></p>
<div id="t_ft_TK91T2F0E800000000000000000000b">
<table style="width: 100%; margin-left: 0.1px; height: 42px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr style="height: 10px;">
<td style="width: 3%; height: 10px; vertical-align: top;" valign="top">(<span>1</span>)</td>
<td style="width: 97%; height: 10px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">The interest on loans was estimated based on the US dollar futures contracts, Yen futures contracts, Euro futures contracts and on the future yield curves of the DI x fixed rate and DI x IPCA contracts, quoted on B</span><span>3</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"> as of December 31, 2024.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top">(<span>2</span>)</td>
<td style="height: 16px; vertical-align: top;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Includes estimated interest on short-term and long-term loans until the contractually foreseen payment date.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top">(<span>3</span>)</td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">The derivative instruments were estimated based on the US dollar futures contracts and the future curves of the DI x fixed rate and DI x IPCA contracts, quoted on B</span><span>3</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"> as of December 31, 2024. In the table above, only the derivative instruments with negative results at the time of settlement were considered.</span></span></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">e. Capital management</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company manages and optimizes its capital structure based on indicators to ensure business continuity while maximizing return to its shareholders. </span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Capital structure is comprised of net debt (loans and financing, including debentures, according to Note <span>15</span> and leases payable according to Note <span>12</span>.b, after deduction of cash, cash equivalents and financial investments, according to Note <span>4</span>), and equity. </span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company may change its capital structure according to economic and financial conditions. Moreover, the Company also seeks to improve its return on invested capital by implementing efficient working capital management and a selective investment program.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Annually, the Company and its subsidiaries revise their capital structure, evaluating the cost of capital and the risks associated with each class of capital including the leverage ratio analysis, which is determined as the ratio between net debt and equity.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>

<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The leverage ratio at the end of the period is as follows:</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_DCQY2K1BFK00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 84px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 75.6757%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 0.982801%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 10.0737%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 0.982801%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 10.0737%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 0.982801%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 75.6757%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Gross debt (a) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 0.982801%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 10.0737%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15,787,262 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 0.982801%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 10.0737%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,291,951 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 0.982801%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 75.6757%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash, cash equivalents, and short-term investments (b) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 0.982801%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 10.0737%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,031,684 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 0.982801%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 10.0737%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,170,563 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 75.6757%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Net debt = (a) - (b) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 0.982801%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 10.0737%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 7,755,578 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 10.0737%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 6,121,388 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 75.6757%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Equity </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 0.982801%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10.0737%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15,823,444 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 0.982801%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10.0737%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14,029,826 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 0.982801%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 75.6757%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Net debt-to-equity ratio </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 0.982801%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 10.0737%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 49.01% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 0.982801%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 10.0737%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 43.63% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 0.982801%;"><br/></td> </tr> </tbody> </table> </div>
<div>
 </div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br/></span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">f. Selection and use of derivative financial instruments</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In selecting derivative instruments, the Company considers the estimated rates of return, risks, liquidity, calculation methodology for the carrying and fair values, and the applicable documentation.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Derivative financial instruments are used to hedge identified risks, at amounts that do not exceed 100% of the identified risk. Derivatives are referred to as "derivative instruments" to reflect their restricted function of hedging identified risks. </span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>

<div style="line-height: 1.2;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below summarizes the gross balance of the position of derivative instruments contracted as well as of the gains (losses) that affect the equity and the statement of income of the Company and its subsidiaries:</span></p> </div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_PJFITJ8BKG00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 247px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Derivatives designated as hedge accounting </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td> </tr>
<tr style="height: 26px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 26px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Product </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 26px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 26px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Contracted rates </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 26px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> Maturity </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 26px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 26px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 26px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Notional amount </span><span style="font-weight: bold; vertical-align: super; line-height: inherit;">(<span>2</span>)</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 26px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="6" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 26px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Fair value as of 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 26px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 26px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 26px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Gains (losses) as of 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 26px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 26px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 26px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 26px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Liabilities </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Liabilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Profit or loss </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Fair value adjustment of debt - R$ </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 21%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Foreign exchange swapp</span><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> <span style="font-size: 8pt; line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD + 3.28% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 105.7% of DI </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Sept/25 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 10%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD 206,067 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 10%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 76,649 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,808 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 171,493 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,647 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Foreign exchange swap <span style="vertical-align: super; line-height: inherit; font-size: 8pt;">(<span>1</span>)</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> EUR + 5.16% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 109.2% of DI </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mar/25 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> EUR 115,518 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 76,123 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 84,875 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,742 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Foreign exchange swap <span style="font-size: 8pt; line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> JPY + 1.50% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 109.4% of DI </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mar/25 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> JPY 12,564,393 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (45,826 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 47,567 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,294 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Foreign exchange swap <span style="vertical-align: super; line-height: inherit; font-size: 8pt;">(<span>1</span>)</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> SOFR + 1.29% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 112.5% of DI </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Sept/25 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD 4,535 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,114 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,566 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (30 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Interest rate swap<sup> <span style="line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></sup></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IPCA + 5.13% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 104.5% of DI </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jun/32 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> BRL 2,660,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 189,156 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (345,529 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 355,746 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Interest rate swap <span style="font-size: 8pt; line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IPCA + 2.83% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 69.5% of DI </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Nov/41 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> BRL 151,465 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,321 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,321 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 37,511 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Interest rate swap <span style="vertical-align: super; line-height: inherit; font-size: 8pt;">(<span>1</span>)</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11.17% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 104.3% of DI </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jul/27 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> BRL 525,791 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (53,638 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (67,786 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 62,628 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Commodity forward<sup> <span style="line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></sup></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Heating Oil/ RBOB </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jan/25 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD 5,753 </span></p> </td>
<td style="height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,104 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (11,869 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (25,309 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">NDF <span style="font-size: 8pt; line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Feb/25 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD 6,853 </span></p> </td>
<td style="height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 729 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (34,336 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total - designated </span></p> </td>
<td style="height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 347,875 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (124,484 </span></p> </td>
<td style="padding: 0px 0px 1px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (169,780 </span></p> </td>
<td style="padding: 0px 0px 1px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 465,054 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td colspan="4" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Derivatives not designated as hedge accounting </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign exchange swap </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD + 0.00% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 52.5% of CDI </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jun/29 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD 300,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 465,032 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 268,734 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> NDF </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> BRL </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mar/25 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD 15,425 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,546 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,501 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 42,241 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Commodity forward </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> BRL </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Heating Oil/ RBOB </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mar/25 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD 2,422 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,926 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,867 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 53,069 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest rate swap </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD + 5.25% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CDI -1.4% </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jun/29 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD <span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">300,000</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (306,748 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (166,103 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total - not designated </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 483,504 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (317,116 </span></p> </td>
<td style="padding: 0px 0px 1px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 197,941 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 831,379 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (441,600 </span></p> </td>
<td style="padding: 0px 0px 1px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 28,161 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 465,054 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><br/></p>
<div id="t_ft_28XTPLCLS000000000000000000000b">
<table style="width: 100%; margin: 0px; text-indent: 0px; height: 20px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr style="height: 10px;">
<td style="width: 3%; padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: top;" valign="top"><sub><span style="vertical-align: super; line-height: inherit;">(<span style="line-height: inherit;"><span>1</span></span>)</span> </sub></td>
<td style="width: 97%; padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: top;" valign="top"><span><span style="border-right: none; border-left: none;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">Derivative financial instruments designated for fair value hedge accounting (see Note 25.g.1). </span></span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: top;" valign="top"><sub><span style="vertical-align: super; line-height: inherit;">(<span style="line-height: inherit;"><span>2</span></span>)</span> </sub></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: top;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Currency as indicated.</span></span></td> </tr> </tbody> </table> </div>
<div>
 </div>
<p style="margin: 0pt; line-height: 1.2;"><br/></p>
<div id="t_ft_HP1RX7WUVK00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 16px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td colspan="4" style="padding: 0px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Derivatives designated as hedge accounting </span></p> </td>
<td colspan="20" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><br/></p> </td> </tr> </tbody> </table> <br/>
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 276px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Product </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Contracted rates </span></p> </td>
<td colspan="4" style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Maturity</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Notional amount </span><sup><span style="font-weight: bold; vertical-align: super; line-height: inherit;">(<span>3</span>)</span></sup></span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Fair value as of 12/31/2023 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Gains (losses) as of 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 32px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 32px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Assets </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Liabilities </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Assets </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Liabilities </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Profit or loss </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Fair value adjustment of debt - R$ </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 32px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 20%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Foreign exchange swap <span style="font-size: 8pt; line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(<span>2</span>)</span></span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD + 0.00% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 53.60% of DI </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 10%;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Oct/26 </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; border-top-color: #000000 !important; width: 10%;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD 234,000 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; border-top-color: #000000 !important; width: 8%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; border-top-color: #000000 !important; width: 8%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (106,657 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; border-top-color: #000000 !important; width: 8%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (145,949 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; border-top-color: #000000 !important; width: 8%;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td> </tr>
<tr style="height: 20px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Foreign exchange swap <span style="line-height: inherit; font-size: 8pt;"><span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD + 5.47% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 110.02% of DI </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Sept/25 </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD 206,067 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (119,094 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (223,555 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,768 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 20px;" valign="bottom">)</td> </tr>
<tr style="height: 20px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Foreign exchange swap <span style="font-size: 8pt; line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> EUR + 5.12% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 111.93% of DI </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jan/24 </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> EUR 22,480 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (22,529 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (23,304 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 230 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 20px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Foreign exchange swap<sup> <span style="line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></sup></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> JPY + 1.50% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 109.40% of DI </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mar/25 </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> JPY 12,564,393 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 19px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (120,746 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (130,726 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,775 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 19px;" valign="bottom">)</td> </tr>
<tr style="height: 20px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Interest rate swap<sup> <span style="line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></sup></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IPCA + 5.03% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 102.87% of DI </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jun/32 </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> BRL 3,226,054 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 598,311 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 260,301 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (313,641 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 20px; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 20px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Interest rate swap <span style="font-size: 8pt; line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10.48% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 103.64% of DI </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jun/27 </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> BRL 615,791 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,515 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,182 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,694 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (10,163 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 20px;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Commodity forward<span style="font-size: 8pt; line-height: inherit;"> <span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> BRL </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Heating Oil/ RBOB </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jan/24 </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD 129,894 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 22,343 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (854 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (50,977 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">NDF<span style="font-size: 8pt; line-height: inherit;"> <span style="vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> BRL </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Feb/24 </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD 211,179 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,959 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (833 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 19,012 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total - designated </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> 637,128 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (373,895 </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold; line-height: inherit;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (284,504 </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold; line-height: inherit;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (332,117 </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom"><span style="font-weight: bold; line-height: inherit;">)</span></td> </tr>
<tr style="height: 10px;">
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Derivatives not designated as hedge accounting </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="height: 10px; border-top-width: 2.8pt; border-top-style: double; vertical-align: bottom; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 2.8pt; border-top-style: double; vertical-align: bottom; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 2.8pt; border-top-style: double; vertical-align: bottom; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 2.8pt; border-top-style: double; vertical-align: bottom; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 2.8pt; border-top-style: double; vertical-align: bottom; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign exchange swap </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 0.00% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 52.99% of CDI </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jun/29 </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD 375,000 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 186,925 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (45,877 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (188,395 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> NDF </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> BRL </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mar/24 </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD 457,099 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,468 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (8,409 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (105,597 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Commodity forward </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> BRL </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Heating Oil/ Marine Fuel/ Others </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mar/24 </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD 18,127 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,524 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,310 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,489 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest rate swap </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5.25% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1.36% of CDI </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jun/29 </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD 300,000 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (196,243 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9,257 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total - not designated </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> 189,917 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (252,839 </span></p> </td>
<td style="padding: 0px 0px 1.5px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold; line-height: inherit;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (279,246 </span></p> </td>
<td style="padding: 0px 0px 1.5px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold; line-height: inherit;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom"></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> 827,045 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (626,734 </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold; line-height: inherit;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (563,750 </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold; line-height: inherit;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (332,117 </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><span style="font-weight: bold; line-height: inherit;">)</span></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; orphans: 0; widows: 0;"><br/></p>
<div id="t_ft_TVFJDVIH9C00000000000000000000b">
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td style="width: 3%;">(<span>1</span>)</td>
<td style="width: 97%;"><span><span style="border-right: none; border-left: none;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">Derivative financial instruments designated for fair value hedge accounting (see Note </span><span style="line-height: inherit;"><span>25</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">.g.</span><span style="line-height: inherit;"><span>1</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">).</span></span></span></td> </tr>
<tr>
<td style="width: 3%;">(<span>2</span>)</td>
<td style="width: 97%;"><span><span style="border-right: none; border-left: none;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">Derivative financial instruments designated for cash flow hedge accounting (see Note </span><span style="line-height: inherit;"><span>25</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">.g.</span><span style="line-height: inherit;"><span>2</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">).</span></span></span></td> </tr>
<tr>
<td style="width: 3%;">(<span>3</span>)</td>
<td style="width: 97%;"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span style="border-right: none; border-left: none;">Currency as indicated.</span></span></span></td> </tr> </tbody> </table> </div>
<div>
 </div>
<p style="margin: 0pt; line-height: 1.2;"><br/></p>
<div id="t_ft_AZFM60N3Z400000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 255px; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; text-decoration: underline; line-height: inherit; font-weight: bold;"> Derivatives designated as hedge accounting </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"></td> </tr>
<tr style="height: 21px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> Product </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> Contracted rates </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> Maturity </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"><span style="line-height: inherit;">Notional amount </span><span style="vertical-align: super; line-height: inherit;">(<span>3</span>)</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> Gains (losses) as of 12/31/2022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;"></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> Assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> Liabilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> 12/31/2022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> Profit or loss </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> Fair value adjustment of debt - R$ </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; width: 33%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign exchange swap </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD + 4.95% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 106.67% of DI </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Sept-25 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD 221,339 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (121,296 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 28,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign exchange swap </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> EUR + 3.42% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 111.60% of DI </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mar-23 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> EUR 9,709 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,573 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (8 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign exchange swap</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD + LIBOR-3M + 1.14% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 105.00% of DI </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (21,566 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest rate swap </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IPCA + 5.03% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 102.87% of DI </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jun-32 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> BRL 3,226,054 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (143,762 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (44,312 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest rate swap </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6.47% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 99.94% of DI </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Nov-24 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> BRL 90,000 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,069 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (486 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Commodity Forward </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> BRL </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Heating Oil/ RBOB </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jul-23 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD 181,880 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (944,896 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> NDF </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> BRL </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jan-23 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD 127,233 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 53,672 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total - designated </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (1,180,344 </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (16,806 </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Derivatives not designated as hedge accounting </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="height: 17px; background-color: #cceeff; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign exchange swap </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 0.00% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 53.0% of CDI </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jun-29 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD 375,000 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (85,474 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> NDF </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> BRL </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jul-23 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD 1,116,702 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (440,359 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest rate swap </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD + 5.25% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CDI - 1.36% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jun-29 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD 300,000 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (266,445 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total - not designated </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (792,278 </span></p> </td>
<td style="padding: 0px 0px 1px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (1,972,622 </span></p> </td>
<td style="padding: 0px 0px 1px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (16,806 </span></p> </td>
<td style="padding: 0px 0px 1px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td> </tr> </tbody> </table> </div> </div>  </div>
<div style="line-height: 1.2;">
<div>
 </div>
<div><span style="text-indent: 0pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; line-height: inherit; font-family: 'times new roman', times;"><br/></span></div>
<div><span style="text-indent: 0pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; line-height: inherit; font-family: 'times new roman', times;">g. Hedge accounting </span></div> </div>
<div style="line-height: 1.2;">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries use derivative and non-derivative financial instruments for hedging purposes and test, throughout the duration of the hedge, their effectiveness, as well as the changes in their fair value.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The hedged items and the hedging instruments have a high correspondence, since the contracted instruments have characteristics equivalent to the transactions considered as the hedged item. The Company and its subsidiaries designated a hedge ratio for transactions designated as hedge accounting, since the underlying risks of the hedging instruments correspond to the risks of the hedged items.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries discontinue the hedge accounting when the hedging instrument is settled, the hedged item ceases to exist or the hedge no longer meets the requirements for hedge accounting due to the absence of an economic relationship between the hedged item and the hedging instrument.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">g.<span>1</span> Fair value hedge</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The Company and its subsidiaries use derivative financial instruments such as fair value hedge to mitigate the risk of variations in interest and exchange rates, which affect the amount of contracted debts. In December 2024, no material ineffectiveness was identified in fair value hedge operations.</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">g.<span>2</span> Cash flow hedge</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In December 2024, the Company and its subsidiaries do not have cash flow hedges.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">h. Financial instruments (energy trading futures contracts)</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company&#8217;s subsidiaries operate in the Free Contracting Environment (ACL) and have entered into bilateral energy purchase and sale contracts with different market players. Accordingly, they assume short and long-term commitments. As a result of mismatched operations, they assume energy surplus or deficit positions, which are measured at a future market price curve (forward curve). Therefore, the Company designates these contracts as financial instruments, according to IFRS <span>9</span>, at the beginning of the contract, to include the recording of the correct exposure to the risk of future purchase and sale transactions of bilateral contracts.</span> </p>

<p style="margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Sensitivity analysis &#8211; level <span>2</span> hierarchy</span> </p>
<div id="t_ft_B6V7GAM3LS00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 72px; width: 100%;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Valuation technique </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Fair value of energy contracts </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Sensitivity of inputs to fair value </span><span style="font-weight: bold; vertical-align: super; line-height: inherit;">(a)</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 16px;">
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 26px; width: 30%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financial assets </span></p> </td>
<td rowspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 62px; width: 30%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Discounted cash flow method </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 12%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 404,695 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 12%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> +10% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 12%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 382,794 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 1%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> -10% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 404,581 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 16px;">
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 26px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financial liabilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 114,776 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> +10% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 115,361 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> -10% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 125,715 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"> <br/></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="vertical-align: super; line-height: inherit; font-size: 8pt;">(a) </span><span><span style="border-right: none; border-left: none;">This <span style="border-left: none; border-right: none;">10</span>% variation scenario represents a fluctuation considered reasonable by the Company, based on the history of negotiations concluded under similar market conditions.</span></span></span></p>  </div> </div> </div> <span></span>
</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for financial instruments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Section Scope<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;doctype=Standard&amp;dita_xref=IFRS07_g3-5A_TI<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Commitments<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="text">&#160;<span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfCommitmentsExplanatory', window );">Commitments</a></td>
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<div>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><a class="customBookmark" href="#TOC" id="Bnd98_1832025151237999" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"> <span style="color: #ffffff; font-weight: bold; line-height: inherit;"><span>2</span></span><span style="color: #ffffff; font-weight: bold; line-height: inherit;"><span>6</span></span><span style="color: #ffffff; font-weight: bold; line-height: inherit;">. Commitments</span></a></div>
<p style="margin: 10pt 0pt; line-height: 1.2; text-align: left; text-indent: 0pt; font-family: 'times new roman', times;"><span style="font-size: 10pt; font-style: italic; font-weight: bold;">a. Contracts</span> </p> </div>
<div>
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Subsidiary Ultracargo Log&#237;stica has agreements related to its port facilities in Aratu, Suape, Itaqui and Vila do Conde. Such agreements establish a minimum cargo movement, as shown below:</span> </p>
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<div style="border-right: none; border-left: none;">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; height: 98px; width: 100%;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Port </span></p> </td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Minimum movement per year </span></p> </td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 10px;">
<p style="line-height: 12pt; margin: 0pt 28.35pt 0pt 22.7pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; text-indent: -11.35pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Maturity </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 10px; width: 33%; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Aratu <span style="vertical-align: super; line-height: inherit; font-size: 8pt;">(*)</span></span></p> </td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 10px; width: 33%; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 900,000 ton. </span></p> </td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 10px; width: 34%; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2022 </span></p> </td> </tr>
<tr style="height: 17px;">
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Suape </span></p> </td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 250,000 ton. </span></p> </td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2027 </span></p> </td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Suape </span></p> </td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 400,000 ton. </span></p> </td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2029 </span></p> </td> </tr>
<tr style="height: 17px;">
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Aratu </span></p> </td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 465,403 ton. </span></p> </td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2031 </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Itaqui </span></p> </td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,468,105 m<span style="vertical-align: super; line-height: inherit; font-size: 8pt;"><span style="border-left: none; border-right: none;">3</span></span></span></p> </td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2049 </span></p> </td> </tr>
<tr style="height: 17px;">
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vila do Conde </span></p> </td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 343,625 ton. </span></p> </td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span style="border-left: none; border-right: none;">2044</span> </span></p> </td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><br/></p>
<div style="border-right: none; border-left: none;">
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td style="width: 3%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(*)</span></td>
<td style="width: 97%; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Contract in the process of being renewed with the appropriate body, being </span>judicialized<span style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> by favorable decision, until the public entity completes the analysis so that the new amendment is signed. In a decision of the Ministry of Infrastructure, the investment plans presented by </span>Ultracargo<span style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> were preliminarily approved, and the Waterway Transport Regulatory Agency (ANTAQ) approved the technical, economic and environmental feasibility study of this extension project.</span></span></td> </tr> </tbody> </table> </div>  </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">If the annual movement is less than the minimum contractual movement, the subsidiary is liable to pay the difference between the effective movement and the minimum contractual movement, based on the port tariff rates in effect on the date established for payment. As of December 31, 2024, these rates were R$ 9.64 and R$ 3.05 per ton for Aratu and Suape, respectively, and R$ 0.98 per m&#179; for Itaqui. According to contractual conditions and tolerances, as of December 31, 2024, there were no material pending issues regarding the minimum limits of the contract.</span></p> </div> <span></span>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Acquisition of Interest and Control<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<div style="line-height: 1.2;">
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0pt; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><a class="customBookmark" href="#TOC" id="Bnd898_1832025151540400" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><span style="color: #ffffff; font-weight: bold; line-height: inherit;"><span>2</span></span><span style="color: #ffffff; font-weight: bold; line-height: inherit;"><span>7</span></span><span style="color: #ffffff; font-weight: bold; line-height: inherit;">. Acquisition of Interest and Control</span></a></div>

<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span> </p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">A business combination is accounted for applying the acquisition method. The cost of the acquisition is measured based on the consideration transferred and to be transferred, measured at fair value at the acquisition date. In a business combination, the assets acquired and liabilities assumed are measured in order to classify and allocate them according to the contractual terms, economic circumstances and relevant conditions at the acquisition date. The non-controlling interest in the acquired company is measured based on its interest in net assets identified in the acquired company. Goodwill is measured as the excess of the consideration transferred and to be transferred over the fair value of net assets acquired (identifiable assets and liabilities assumed, net). After the initial recognition, goodwill is measured at cost less any accumulated impairment losses. For impairment testing purposes, goodwill is allocated to the respective Company&#8217;s operating segments. When the cost of the acquisition is lower than the fair value of net assets acquired, a gain is recognized directly in the statement of income. Costs related to the acquisitions are recorded in the statement of income when incurred.</span></p>
<div>
<div id="t_ft_B5Q67U746800000000000000000000b">
 </div> </div>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2; font-family: 'times new roman', times;"><span style="text-indent: 0pt; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Hidrovias do Brasil S.A.</span> </p> </div>
<div style="line-height: 1.2;">
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In <span>2023</span>, the Company began the process of acquiring an interest in Hidrovias do Brasil S.A. (&#8220;Hidrovias&#8221;), through the purchase of a 4.99% direct interest and a 4.99% indirect interest, through Total Return Swaps (&#8220;TRS&#8221;), recognized as financial asset and measured at fair value in accordance with IFRS <span>9</span>. On March 18, 2024, the Company contributed its direct interest to its subsidiary Ultrapar Log&#237;stica Ltda. and settled the TRS. From this date, all transactions have been carried out through subsidiary Ultrapar Log&#237;stica Ltda.</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On May 7, 2024, subsidiary Ultrapar Log&#237;stica completed the purchase of 128,369,488 shares from Hidrovias, which represented 16.88% of its share capital, at a cost of R$ 3.98/share. Also in May 2024, when obtaining sufficient evidence demonstrating its power to exert significant influence on decisions regarding Hidrovias' financial and operational policies, subsidiary Ultrapar Log&#237;stica began to recognize its interest in Hidrovias as an investment in an associate with significant influence, in accordance with IAS <span>28</span>.</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Subsequently, throughout December 2024, subsidiary Ultrapar Log&#237;stica acquired new shares through the Stock Exchange (&#8220;B<span>3</span>&#8221;) and reached an interest of 41.94% in Hidrovias&#8217; share capital.</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On December 26, 2024, subsidiary Ultrapar Log&#237;stica signed an Advance for Future Capital Increase agreement with Hidrovias, in the amount of R$ 500,000, which will be used for future subscription and payment of Hidrovias&#8217;s shares. On February 28, 2025 the Hidrovias Board of Directors approved the start of the capital increase process which will be completed during the second quarter of 2025.</span></p>

<p style="margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The transaction amounts &#8203;for acquiring an interest in Hidrovias are shown below: </span> </p>
<div id="t_ft_DSN8YDP8DS00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 117px;" width="100%">
<tbody>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 89%; height: 15px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Amount paid for the acquisition of shares &#8211; financial asset </span></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 10%; height: 15px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 579,066 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 1%; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Gain (loss) on fair value adjustment of financial assets </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 66,267 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total financial asset transferred to the investments line item </span></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 645,333 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Subsequent acquisitions of additional interests </span></p> </td>
<td style="padding: 0px; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 690,186 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Total investment in </span><span style="font-weight: bold; line-height: inherit;">Hidrovias</span><span style="font-weight: bold; line-height: inherit;"> as of December 31, 2024 (A) </span><span style="font-weight: bold; vertical-align: super; line-height: inherit; font-size: 8pt;"><span>1</span></span></span></p> </td>
<td style="padding: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,335,519 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Participation equivalent to equity of the associate (B) </span></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 560,475 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Provisional goodwill on acquisition of investment (A-B) </span></p> </td>
<td style="padding: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 775,044 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><br/></p>
<div id="t_ft_UEKGM8BTRK00000000000000000000b">
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td style="width: 3%; vertical-align: top;" valign="top"><span style="font-size: 10pt;"><sup><span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span>1</span></span></sup></span></td>
<td style="width: 97%; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Equivalent interest calculated with basis on acquisition date, disregarding the posterior effects of share of profit (loss) of subsidiaries, joint ventures and associates</span></span></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Based on applicable accounting standards and supported by an independent appraisal firm, the Company is determining the statement of financial position as at the acquisition date, the fair value of assets and liabilities, and the purchase price allocation (&#8220;PPA&#8221;), which will be completed in <span>2025</span>.</span></p>
<p style="margin: 10pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0pt; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. WTZ Participa&#231;&#245;es S.A.</span> </p>
<p style="margin: 10pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0pt; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On September 1, 2024, through subsidiary Cia Ultragaz, the Company acquired 51.7% of the voting share capital of WTZ Participa&#231;&#245;es S.A. (&#8220;Witzler&#8221;). The transaction qualifies as a business combination as defined in IFRS <span>3</span>&#8211; Business Combinations. This acquisition is in line with Ultragaz's strategy to expand its offering of energy solutions to its customers, leveraging on its capillarity, commercial strength, brand and extensive base of corporate and residential customers.</span> </p>
<p style="margin: 10pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0pt; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 1.2; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Witzler was founded in <span>2015</span> and its main activities are the sale of electric energy in the free market and energy management, with a national presence.</span> </p>
<p style="margin: 10pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0pt; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The initial payment, including the capital contribution of R$ 49,490, totaled R$ 104,490. The remaining transaction amount of R$ 40,878 was recorded under &#8220;Other payables&#8221; and will be paid after the contractual clauses have been fulfilled. The Company, based on applicable accounting standards and supported by an independent appraisal firm, is determining the statement of financial position as at the acquisition date, the fair value of assets and liabilities and, consequently, goodwill. The provisional goodwill determined is R$ 52,038. The purchase price allocation (&#8220;PPA&#8221;) will be completed in <span>2025</span>.</span> </p>
<div>
<div id="t_ft_VE1667360000000000000000000000b">
 </div> </div>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p>

<p style="margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below summarizes the consolidated balances of assets acquired and liabilities at the acquisition date, subject to adjustment for purchase price allocation and goodwill determination:</span> </p>
<div id="t_ft_R2HRTZKGI800000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 299px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 89%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Assets </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash and cash equivalents </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,399 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade receivables </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 33,168 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Recoverable taxes </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,036 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Prepaid expenses </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 170 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other receivables </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 320 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other investments </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Property, plant and equipment, net </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,684 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Intangible assets, net </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Derivative instruments </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 209,348 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Liabilities </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Loans and financing </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 68 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade payables </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,541 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Salaries and related charges </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,211 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Taxes payable, income and social contribution taxes payable </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 80,918 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other payables </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,655 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill based on expected future profitability </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 52,038 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-controlling interests </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 67,498 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Assets and liabilities consolidated in the opening balance </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 124,288 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><br/></p>
<div id="t_ft_DAGLXS5CHC00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 193px; width: 100%;" width="100%">
<tbody>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 89%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Assets acquired </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 130,873 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 10px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Liabilities assumed </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 58,623 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill based on expected future profitability </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 52,038 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Acquisition value </span></p> </td>
<td style="padding: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 124,288 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Comprised by </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 59,506 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Acquisition of ownership interest via capital contribution (as non-controlling interests) </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 23,904 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Contingent consideration to be settled </span></p> </td>
<td style="padding: 0px; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; height: 16px; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 40,878 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total consideration </span></p> </td>
<td style="padding: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 17px; background-color: #cceeff; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 124,288 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net cash outflow resulting from acquisition </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Initial consideration in cash </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 59,506 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash and cash equivalents acquired </span></p> </td>
<td style="padding: 0px; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; height: 16px; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,399 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: middle; height: 16px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</span></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Acquisition value </span></p> </td>
<td style="padding: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 17px; background-color: #cceeff; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 54,107 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> </div>
<div>
<div id="t_ft_KUDGV11B7K00000000000000000000b">
 </div> </div>
<p style="break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; margin: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br/></span></p>
<p style="break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Serra Diesel Transportador Revendedor Retalhista Ltda.</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On September 1, 2023, through subsidiary Ultrapar Mobilidade Ltda., the Company acquired 60% of the voting share capital of Serra Diesel Transportador Revendedor Retalhista Ltda. (&#8220;Serra Diesel&#8221;), qualifying the transaction as a business combination as defined in IFRS <span>3</span> &#8211; Business Combinations. The acquisition complements Ultrapar's operations in the mobility and liquid fuel distribution segment.</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Serra Diesel was established in <span>2006</span> and its main activity is the fuel trade carried out by a wholesale carrier-reseller-retailer, with presence in the southern region of Brazil.</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The initial payment, including the capital contribution in the amount of R$ 16,193, totaled R$ 21,193. The remaining amount of R$ 4,816 was recorded under &#8220;Other payables&#8221; and paid after the contractual clauses have been fulfilled. The Company, based on applicable accounting standards and supported by an independent appraisal firm, calculated the definitive amounts for the purchase price allocation as of August 31, 2024, and determined the final goodwill in the amount of R$ 1,413.</span></p>

<p style="margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below summarizes the consolidated balances of assets acquired and liabilities at the acquisition date recognized at fair value:</span> </p>
<div id="t_ft_6LSRQP2MF400000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 517px; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 89%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Assets </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash and cash equivalents </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,719 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade receivables </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 28,475 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Inventories </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9,128 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Recoverable taxes </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,551 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other receivables </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 55 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other investments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 298 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Right-of-use assets, net </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 25,500 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Property, plant and equipment, net </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 41,938 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Intangible assets, net </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11,634 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Liabilities </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Loans and financing </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 17,337 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade payables </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 26,965 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Salaries and related charges </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,933 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Taxes payable, income and social contribution taxes payable </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 376 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leases payable </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 25,500 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other payables </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,194 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill based on expected future profitability </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,413 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-controlling interests </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; height: 16px; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 16,397 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Assets and liabilities consolidated in the opening balance </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 17px; background-color: #cceeff; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 26,009 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Assets acquired </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 72,779 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Liabilities assumed </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 48,183 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill based on expected future profitability </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,413 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Acquisition value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Comprised by </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Acquisition of ownership interest via capital contribution (as non-controlling interests) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 16,193 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Contingent consideration settled </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; height: 16px; background-color: #cceeff; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,816 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total consideration </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 26,009 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Initial consideration in cash </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</span></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Contingent consideration settled </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,816 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash and cash equivalents acquired </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; height: 16px; background-color: #cceeff; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,720 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 10px; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (8,096 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</span></td> </tr> </tbody> </table> </div>
<div>
<div id="t_ft_MF7XI4P3Y800000000000000000000b">
 </div> </div>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br/></span></p>
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">d. Opla - Terminal de Combust&#237;veis Paul&#237;nia S.A.</span> </p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On July 1, 2023, through its subsidiary Ultracargo Log&#237;stica S.A., the Company acquired a 50% interest in Terminal de Combust&#237;veis Paul&#237;nia S.A. (&#8220;Opla&#8221;), qualifying the transaction as an acquisition of a joint venture as defined in IAS <span>28</span> (Investments in Associates and Joint Ventures) and IFRS <span>11</span> (- Joint Arrangements). The acquisition of interest in Opla marked Ultracargo's entry into the inland liquid bulk storage and logistics segment, integrated with port terminals, in line with its growth plan. With the acquisition, Ultracargo and BP Biofuels Brazil Investments Ltd. (&#8220;BP&#8221;) become joint ventures of Opla.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The total amount of the operation is R$ 237,500 subject to working capital and net debt adjustments. The purchase price includes the transaction amount, including estimated working capital and net debt adjustments. The transaction was paid in a single installment of R$ 210,096 on July 1, 2023. The Company, based on applicable accounting standards and supported by an independent appraisal firm, calculated the definitive amounts for the purchase price allocation as of June 30, 2024, and determined the final goodwill in the amount of R$ 117,306.</span> </p>

<p style="margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The following table summarizes the balances of assets acquired and liabilities at fair value at the acquisition date, including goodwill determination:</span> </p>
<div id="t_ft_105IT0UULS00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 268px; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 89%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash and cash equivalents </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,248 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade receivables </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,107 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Recoverable taxes </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 402 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other receivables and other assets </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,057 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Property, plant and equipment, net </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 248,951 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Intangible assets, net </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,441 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Liabilities </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Loans and financing </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 44,568 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade payables </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 911 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Salaries and related charges </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,430 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Taxes payable, income and social contribution taxes payable </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,974 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other payables </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 23,743 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Fair value of investee&#8217;s assets and liabilities </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 17px; background-color: #cceeff; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 185,580 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Fair value of assets and liabilities according to Ultracargo's interest </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 92,790 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill based on expected future profitability </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; height: 16px; background-color: #cceeff; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 117,306 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Acquisition value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 210,096 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 9pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The goodwill determined on the operation is based on the expected future profitability and on the synergy with the operations of Ultracargo, supported by the appraisal report, after allocation of the identified assets. The goodwill is expected to be deductible for income tax purposes.</span> </p>

<p style="margin: 0pt 0pt 9pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In the process of identifying assets and liabilities, intangible assets that were not recognized in the books of the acquired entity were also considered, as shown below:</span> </p>
<div id="t_ft_LKSJ704VV400000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 59px; width: 100.039%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> R$ </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Useful life </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Amortization method </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 57%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Licenses </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 16px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 612 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1%; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 16px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5 years </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 16px; width: 20%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Straight line </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Customer list and relationship </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,609 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6 years </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Straight line </span></p> </td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 5,221 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td> </tr> </tbody> </table> </div>  </div> <span></span>
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</tr>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Discontinued operations<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="text">&#160;<span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory', window );">Discontinued operations</a></td>
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<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><a class="customBookmark" href="#TOC" id="Bnd998_18320251520521" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><span style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span>28</span>. Discontinued operations</span></a></div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; line-height: 1.2;"><br/></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The transactions of Oxiteno and Extrafarma sale were concluded on April 1, 2022 and August 1, 2022, respectively. The Company accounted for the disposal of investments in accordance with the international standard IFRS <span>5</span> &#8208; Non-current Assets Held for Sale and Discontinued Operations, which require recognizing any assets and liabilities as &#8220;Held&#8208;for&#8208;sale assets&#8221; and &#8220;Liabilities related to held&#8208;for&#8208;sale assets&#8221; in the balance sheet and reporting the income (loss) of the companies sold up to the sale date, as well as the gain (loss) from the sale of the investments, as &#8220;Discontinued operations&#8221; in the statement of income. </span></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The divestments of Oxiteno and Extrafarma are aligned with Ultrapar's portfolio review. With a more complementary and synergistic businesses, Ultrapar concludes the rationalization phase of its portfolio and will now concentrate on developing investment opportunities in the verticals of energy and infrastructure, with increasing focus on energy transition, leveraged by its portfolio and expertise. In this context, the Company announced in <span>2021</span> the contracts signing described below and classified these transactions as discontinued operations.</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The tables of discontinued operation are detailed below and include the profit or loss incurred throughout <span>2022</span>, when applicable. Eliminations refer to intercompany transactions, substantially represented by purchase and sale transactions, effects on the profit or loss of foreign debts contemplating hedging instruments, among others.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>

<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">a.</span> The results and cash flows from discontinued operations for the year ended December 31, 2022, are shown below:</span></p>
<div id="t_ft_PKQWPYF3O000000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 217px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Oxiteno </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Extrafarma </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Eliminations (*) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Ultrapar </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 41%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Net revenue from sales and services </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,039,287 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,235,487 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,241 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,267,533 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost of products and services sold </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,580,000 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (912,310 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,241 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,485,069 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px;">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Gross profit </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 459,287 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 323,177 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 782,464 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Selling, marketing and administrative </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (201,365 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (438,601 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (639,966 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other operating income (expenses), net </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,736 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,951 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 241,325 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 246,110 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Operating income (loss) </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 268,658 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (121,375 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 241,325 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 388,608 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Share of profit (loss) of subsidiaries, joint ventures and associates </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (231 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (231 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; background-color: #cceeff; height: 17px;">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Income (loss) before financial result and income and social contribution taxes </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 268,427 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (121,375 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 241,325 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 388,377 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Financial result, net </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 23,153 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (25,059 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 54,431 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 52,525 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Income (loss) before income and social contribution taxes </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 291,580 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (146,434 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 54,431 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 241,325 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 440,902 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Income and social contribution taxes </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (16,924 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 20,826 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (18,507 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (202,895 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (217,500 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; background-color: #cceeff; height: 17px;">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net effect of cessation of depreciation (i) </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 51,372 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,084 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 78,456 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Net income (loss) for the year </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 326,028 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (98,524 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: bottom; height: 10px; background-color: #cceeff;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 35,924 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 38,430 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 301,858 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p>
<div id="t_ft_WG0YB6F64G00000000000000000000b">
<table style="width: 100%; height: 27px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr style="height: 17px;">
<td style="width: 3%; text-align: center; height: 17px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(*)</span></td>
<td style="width: 97%; height: 17px; vertical-align: top;" valign="top">
<p style="margin: 0pt; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 1.2; text-align: justify;"><span><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Elimination between continuing and discontinued operations related to the intercompany loan between Ultrapar International and Oxiteno.</span></span><br/></p> </td> </tr>
<tr style="height: 10px;">
<td style="text-align: center; height: 10px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">(i)</span></td>
<td style="height: 10px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">As of January 1, 2022, the depreciation and amortization of assets classified as held for sale ceased, in compliance with item <span>25</span> of IFRS <span>5</span>.</span></span></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; line-height: 1.2;"><br/></p>
<div id="t_ft_TCKLWJKOPS00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 86px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">
<tbody>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Oxiteno </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Extrafarma </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Eliminations </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2022 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 53%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Net cash (consumed) provided by operating activities </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (81,558 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1%;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (68,370 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1%;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 180,478 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 30,550 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Net cash (consumed) provided by investing activities </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,011,736 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (25,323 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">)</td>
<td style="padding: 0px; vertical-align: bottom;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,206,603 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">)</td>
<td style="padding: 0px; vertical-align: bottom;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (220,190 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom;">)</td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Net cash (consumed) provided by financing activities </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,245,754 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; background-color: #cceeff;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 40,585 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,026,144 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (179,025 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff;">)</td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Effect of exchange rate variation on cash and cash equivalents in foreign currency </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (19,316 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 15px;">)</td>
<td style="padding: 0px; vertical-align: bottom;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (19,316 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Increase (decrease) in cash and cash equivalents </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (334,892 </span></p> </td>
<td style="padding: 0px 0px 1px; vertical-align: bottom; height: 16px; background-color: #cceeff;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (53,108 </span></p> </td>
<td style="padding: 0px 0px 1px; vertical-align: bottom; height: 16px; background-color: #cceeff;">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 19 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (387,981 </span></p> </td>
<td style="padding: 0px 0px 1px; vertical-align: bottom; background-color: #cceeff;">)</td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In the Parent, the proceeds from the sale of Oxiteno and the share of profit (loss) of investees Oxiteno and Extrafarma, net of transactions with related parties, had an impact of R$ 301,858 in <span>2022</span>, classified as income from discontinued operations in the consolidated financial statements.</span></p> <span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for non-current assets held for sale and discontinued operations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2024-01-01<br> -Section Presentation and disclosure<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2024-en-r&amp;doctype=Standard&amp;dita_xref=IFRS05_g30-42_TI<br> -URIDate 2024-03-27<br></p></div>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Events after the reporting period<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract', window );"><strong>Events after the reporting period</strong></a></td>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory', window );">Events after the reporting period</a></td>
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<div>
<div style="background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><a class="customBookmark" href="#TOC" id="BJKB29_142202519525883" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #ffffff; font-weight: bold; line-height: inherit;"><span>29</span></span><span style="color: #ffffff; font-weight: bold; line-height: inherit;">. Events after the reporting period</span></span></a></div>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Issuing of foreign loan by Ultragaz</span><span style="font-size: 10pt; text-indent: 0pt; line-height: inherit;">&#160;</span></p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On February 14, 2025, the subsidiary Cia Ultragaz realized the issuing of foreign loan (without financial covenants) on the amount of USD 100,000 (equivalent to R$ 577,880 on transaction moment), with financial charges of <span style="border-left: none; border-right: none;">SOFR + <span style="border-left: none; border-right: none;">0.91</span>% p.a.</span> and maturing on February 13, 2026. The subsidiary entered into hedging instruments against foreign exchange and interest rate variations on american dollar, changing financial charges to 102.90% of DI.</span><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Issuing of constitutional fund by Ultracargo</span><span style="font-size: 10pt; text-indent: 0pt; line-height: inherit;">&#160;</span></p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On February 6, 2025, the subsidiary Ultracargo Log&#237;stica realized the issuing of Northeast region constitutional fund (without financial covenants) on the amount of R$ 100,976, with financial charges of <span style="border-left: none; border-right: none;">IPCA + 2.93% p.a.</span> and maturing on <span style="border-left: none; border-right: none;">November 15, 2041</span>. The subsidiary entered into hedging instruments changing financial charges to 69.65% of DI.</span><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Issuance of shares</span><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On February 26, 2025, the Company&#8217;s Board of Directors confirmed the issuance of 67,679 common shares within the authorized capital limit provided by art. <span>6</span> of the Company's Bylaws, due to the partial exercise of the rights conferred by the subscription warrants issued by the Company when the merger of all Extrafarma shares by the Company, approved by the extraordinary general meeting of the Company held in January 31, 2014. The share capital of the Company will therefore be represented by 1,115,507,182 common shares, all of which are registered and without par value. The issuance of shares resulting to partial exercise of subscription warrants do not generate increase of share capital value, since the entirety of Extrafarma&#8217;s assets was already reflected in the Ultrapar financial position on the act of incorporation of shares.</span></p>
<p style="margin: 10pt 0pt; line-height: 1.2; font-size: 12pt; font-family: Aptos, sans-serif; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; break-after: avoid; break-inside: avoid; line-height: inherit;">d. Issuance of Debentures by Ultracargo</span></p>
<p style="margin: 0in 0in 8pt; line-height: 1.2; font-size: 10pt; font-family: Aptos, sans-serif; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On March 31, 2025, the subsidiary Ultracargo issued its 4th
series of debentures (without financial covenants), amounting to R$ 350,000,
with financial charges of USD +5.32% per year and maturity on April 2, 2026.
The subsidiary contracted instruments to hedge against U.S. dollar interest
rates and currency fluctuation, converting the financial charges to 101.65% of
the DI rate.</span></p>
<p style="margin: 10pt 0pt; line-height: 1.2; font-size: 12pt; font-family: Aptos, sans-serif; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; break-after: avoid; break-inside: avoid; line-height: inherit;">e. Foreign Loan obtained by Ipiranga</span></p>
<p style="margin: 0in 0in 8pt; line-height: 1.2; font-size: 10pt; font-family: 'times new roman', times; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On April 4, 2025, the subsidiary Ipiranga secured a Foreign
Loan (without financial covenants) amounting to USD 86,956 (equivalent to R$
500,000 at the time of the transaction), with financial charges of USD +4.0154%
per year and maturity on April 2, 2026. The subsidiary took measures to hedge
against U.S. dollar interest rates and currency changes, converting the
financial charges to 103.80% of the DI rate. The funds from this operation were
used to prepay the CCB Trade related debt of R$ 500,000.</span></p>
<p style="margin: 10pt 0pt; line-height: 1.2; font-size: 12pt; font-family: Aptos, sans-serif; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; break-after: avoid; break-inside: avoid; line-height: inherit;">f. Constitutional Fund Financing by Ultracargo</span></p>
<p style="margin: 0in 0in 8pt; line-height: 1.2; font-size: 10pt; font-family: 'times new roman', times; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On April 10, 2025, the subsidiary Ultracargo Log&#237;stica
secured financing from the North Region Constitutional Fund (without financial
covenants), amounting to R$ 106,430, with financial charges of IPCA + 3.15% per
year and maturity on February 15, 2037.</span></p>
<p style="margin: 10pt 0pt; line-height: 1.2; font-size: 12pt; font-family: 'times new roman', times; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; break-after: avoid; break-inside: avoid; line-height: inherit;">g. Increase in share capital through statutory reserve</span></p>
<p style="margin: 10pt 0pt 0pt; line-height: 1.2; font-size: 10pt; font-family: 'times new roman', times; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On April 16, 2025, was approved on the Ordinary and
Extraordinary General Shareholders&#8217; Meeting (&#8220;OEGM&#8221;) approved by majority
votes, without amendments or exceptions, the increase of Company&#8217;s share
capital on the amount of R$ 1,365,348, without the issuance of new shares,
through the incorporation to the share capital of the resources recorded in the
statutory reserve for Investments.</span></p> </div> <span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for events after the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 10<br> -IssueDate 2024-01-01<br> -Section Disclosure<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=10&amp;code=ifrs-tx-2024-en-r&amp;doctype=Standard&amp;dita_xref=IAS10_g17-22_TI<br> -URIDate 2024-03-27<br></p></div>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Insider Trading Policies and Procedures<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
<tr class="re">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation S-K<br> -Number 229<br> -Section 408<br> -Subsection b<br> -Paragraph 1<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Section 16<br> -Subsection J<br> -Paragraph a<br></p></div>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Cybersecurity Risk Management and Strategy Disclosure<br></strong></div></th>
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<p style="margin: 10pt 0pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Risk management and strategy</span></p>
<p style="margin: 10pt 0pt 0pt; line-height: 1.2; text-indent: 24.4pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span style="-sec-ix-hidden:Tag5927">Ultrapar has an Information Security Policy, which consolidates the guidelines adopted by the Company and its subsidiaries, its employees and third parties (including suppliers of products and/or services)</span> to ensure information systems security, by defining roles and responsibilities within the governance structure adopted by Ultrapar. <span style="-sec-ix-hidden:Tag5923">All employees and third-party service providers that have physical or digital access to business data and technology environments of Ultrapar, must (i) observe the provisions of the Information Security Policy and other information security management policies, rules and standards; (ii) classify the confidentiality level of any document produced or information shared in line with internal data classification standard criteria; (iii) submit expedient reports on information security incidents through its manager, IT service center or directly to the information security team; and (iv) participate in all information security training and awareness activities developed by the Company.</span> </span></p>
<p style="margin: 10pt 0pt 0pt; line-height: 1.2; text-indent: 24.4pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&#8217;s processes for assessing, identifying, and managing material risks from cybersecurity threats are the responsibility of our information security department, comprised of IT specialists who proactively search for vulnerabilities in our systems and monitor and act on threats and breaches identified. </span></p>
<p style="margin: 10pt 0pt 0pt; line-height: 1.2; text-indent: 24.4pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">We have implemented security measures to protect our databases and prevent cyberattacks, thereby reducing risks of exposure to data breaches and IT security incidents, and we have adopted various actions aiming to minimize potential technology disruptions, such as tools, controls and procedures in the management and monitoring of internal and perimeter security, periodic analysis of vulnerabilities, an information security and cybersecurity awareness program, contingency plans for critical processes, a secondary environment for physical disaster recovery and respective periodic tests, tools for continuous monitoring and correlation of events, a dedicated team responsible for maintaining and continuously improving the information security management system, incident response plans and other best practices and tools.</span></p>
<p style="margin: 10pt 0pt 0pt; line-height: 1.2; text-indent: 24.4pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span style="-sec-ix-hidden:Tag5926">In recent years, we have been engaging with external advisors and consultants</span> to conduct cybersecurity </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">trainings</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">, phishing and penetration tests, and evaluations on our information security systems, among other services related to our cybersecurity risk assessment programs. We also hired third-party SOC (Security Operations Center) and SIEM (Security Information and Event Management) tools to constantly monitor our systems, tracking incidents and potential vulnerabilities. Ultrapar is also ISO 27001 certified since 2022. </span></p>
<p style="margin: 10pt 0pt 0pt; line-height: 1.2; text-indent: 24.4pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Furthermore, with the assistance of third-party specialized companies, Ultrapar has developed and employs several tools to support management in the event of any cybersecurity incident. These tools assist the Company in identifying its critical processes, systems and resources, whose correction should be prioritized in case of unavailability or failure, and in devising a formalized and </span><span style="-sec-ix-hidden:Tag5925"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">organized incident</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> response process, guiding all organizational levels to respond in a fast and reliable manner, should the Company experience any information security incident.</span></span></p>

<p style="margin: 0pt; line-height: 1.2; text-indent: 24.4pt;"><br/></p>
<p style="margin: 0pt; line-height: 1.2; text-indent: 24.4pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Previous cybersecurity incidents. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">On January 11, 2021, an unauthorized party disrupted access to our IT systems, which caused a temporary interruption to our operations and resulted in the theft of certain proprietary data. On January 14, 2021, we began restoring the systems that were affected by this incident and all critical information systems have been fully operational since February 2021. The event did not have any material and lasting impacts on the Company. </span></p>
<p style="margin: 10pt 0pt 0pt; line-height: 1.2; text-indent: 24.4pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The Company </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">had,</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> at the time, a cyber insurance policy in place, which was triggered by the event. <span style="-sec-ix-hidden:Tag5928">As of the date of this annual report, the Company does not carry insurance against cyber incidents. Therefore, similar cybersecurity incidents could have an adverse effect on our businesses, reputation, results of operations, cash flows or financial condition, or result in proceedings or actions against us, including the imposition of fines.</span> For information on risks from cybersecurity threats, see &#8220;Item 3.D. Key information&#8212;Risk factors&#8212;Information technology failures, including those that affect the privacy and security of personal data, as a result of cyber-attacks or other causes, could adversely affect our businesses and the market price of our shares and ADSs.&#8221;</span></p> <span></span>
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<td class="text"><span style="-sec-ix-hidden:Tag5927">Ultrapar has an Information Security Policy, which consolidates the guidelines adopted by the Company and its subsidiaries, its employees and third parties (including suppliers of products and/or services)</span> to ensure information systems security, by defining roles and responsibilities within the governance structure adopted by Ultrapar.<span></span>
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<td class="text"><span style="-sec-ix-hidden:Tag5928">As of the date of this annual report, the Company does not carry insurance against cyber incidents. Therefore, similar cybersecurity incidents could have an adverse effect on our businesses, reputation, results of operations, cash flows or financial condition, or result in proceedings or actions against us, including the imposition of fines.</span><span></span>
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<p style="margin: 10pt 0pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;">Governance</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 24.4pt; text-align: justify;"><span style="-sec-ix-hidden:Tag5924"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In addition to the overall governance structure applicable to all risks monitored by Ultrapar, there are two support committees focused on matters related to information systems security: the Information Security Steering Committee and the Information Security Management Committee. These committees hold regular meetings (quarterly in the case of the Steering Committee and every two months in the case of the Management Committee) </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and also</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> meet up regularly with the Risks, Integrity and Audit </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Department to discuss if </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the risk</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> exposure is adequate.</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> The Information Security Management Committee reports to the Information Security Steering Committee.</span></p>
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<p style="margin: 0pt; break-after: avoid; line-height: 1.2; text-indent: 24.4pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The main roles and their respective responsibilities in maintaining and continuously improving security in the information technology systems of Ultrapar are described below:</span></p>
<p style="margin: 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br/></span></p>
<table style="width: 100%; margin-left: 0.1px; height: 78px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr style="height: 16px;">
<td style="text-align: left; height: 16px; width: 1.96744%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: Symbol; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -18.9333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#183;</span><br/></td>
<td colspan="2" style="height: 16px; width: 98%; vertical-align: top;" valign="top"><span style="font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="font-weight: bold;">IT Heads</span> (of&#160;</span>Ultrapar<span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;and its subsidiaries):</span></span><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; width: 1.96744%; vertical-align: top;" valign="top"><br/></td>
<td style="height: 10px; width: 2%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span><br/></td>
<td style="height: 10px; width: 96%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Allocate IT-related investments;</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; width: 1.96744%; vertical-align: top;" valign="top"><br/></td>
<td style="height: 16px; width: 2%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span><br/></td>
<td style="height: 16px; width: 96%; vertical-align: top;" valign="top"><span style="font-size: 10pt;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">Implement information security awareness and training programs;</span></span></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; width: 1.96744%; vertical-align: top;" valign="top"><br/></td>
<td style="height: 10px; width: 2%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span><br/></td>
<td style="height: 10px; width: 96%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Execute plans and investments to mitigate information security risks;</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; width: 1.96744%; vertical-align: top;" valign="top"><br/></td>
<td style="height: 16px; width: 2%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span><br/></td>
<td style="height: 16px; width: 96%; vertical-align: top;" valign="top"><span style="font-size: 10pt;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">Supervise the implementation of action plans and&#160;mitigat</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">e</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">&#160;controls related to information security risks; and</span></span></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; width: 1.96744%; vertical-align: top;" valign="top"><br/></td>
<td style="height: 10px; width: 2%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td>
<td style="height: 10px; width: 96%; vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ensure the effectiveness of the Information Security Policy by suggesting revisions and updates to the Information Security Steering Committee.</span></td> </tr> </tbody> </table>
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<table style="width: 100%; margin-left: 0.1px; height: 90px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: Symbol; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: -18.9333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#183;</span></td>
<td colspan="2" style="height: 16px; vertical-align: top;" valign="top">
<p style="text-align: justify;"><span style="font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="font-weight: bold;">Information Security Management Committee&#160;</span>(composed of&#160;</span>Ultrapar&#8217;s<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;IT Officer; Information Security Manager; and information security and information technology specialists at&#160;</span>Ultrapar<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;and its subsidiaries):</span></span><br/></p> </td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; width: 2%; vertical-align: top;" valign="top"><br/></td>
<td style="height: 16px; width: 2%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td>
<td style="height: 16px; width: 96%; vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Share knowledge, initiatives and plans relative to best practices, processes, technologies and solutions for assessing, identifying, and managing material risks from information security threats;</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><br/></td>
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span><br/></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Discuss, assess, verify and suggest information security management rules and standards, as applicable, and minimum information security registers and requirements in technology environments;</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><br/></td>
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td>
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">Monitor the prevention, detection, mitigation, and remediation of information security incidents;</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><br/></td>
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td>
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Supervise and validate action plans and controls related to information security risks; and</span></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; vertical-align: top;" valign="top"><br/></td>
<td style="height: 10px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td>
<td style="height: 10px; vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Update the Information Security Steering Committee on activities and recommendations discussed within the Information Security Management Committee.</span></td> </tr> </tbody> </table>
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 </div>
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<tr style="height: 10px;">
<td style="height: 10px; vertical-align: top; padding: 0px;" valign="top"><span style="color: #000000; font-family: Symbol; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: -18.9333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#183;</span></td>
<td colspan="2" style="height: 10px; text-align: justify; vertical-align: top; padding: 0px;" valign="top"><span style="font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="font-weight: bold;">Information Security Steering Committee</span> (composed of&#160;</span>Ultrapar&#8217;s<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;Administrative and Controlling Officer; Risks, Integrity and Audit Officer; Legal Officer; and Information Security Manager):</span></span></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; width: 2%; vertical-align: top;" valign="top"><br/></td>
<td style="height: 10px; width: 2%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td>
<td style="height: 10px; text-align: justify; width: 96%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Review, approve and monitor applicable rules and standards for information security management, as well as information security training plans;</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><br/></td>
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span><br/></td>
<td style="height: 16px; text-align: justify; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Monitor and supervise implementation of the action plans and prevention, mitigation and other controls related to information security risks;</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><br/></td>
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td>
<td style="height: 16px; vertical-align: top;" valign="top"><span style="font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Report to&#160;</span>Ultrapar&#8217;s<span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;Board of Directors all events infringing the Information Security Policy; and</span></span></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; vertical-align: top;" valign="top"><br/></td>
<td style="height: 10px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td>
<td style="height: 10px; text-align: justify; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ensure the effectiveness of the Information Security Policy by suggesting revisions and updates to Ultrapar&#8217;s Executive Officers.</span></td> </tr> </tbody> </table>
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<p style="margin: 10pt 0pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of December 31, 2024, Ultrapar&#8217;s Information Security Steering Committee was composed of four members, whose relevant expertise for assessing and managing risks relating to cybersecurity are described below: </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Ultrapar&#8217;s Management and Control Officer</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Our Management and Control Officer </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">joined Ultrapar in May 2024 as the Financial Planning and Investor Relations Director.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">He has served as the Chief Financial and Investor Relations Officer of Eurofarma from 2020 to 2024 and of Delta Energia from 2019 to 2020</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">He holds a bachelor&#8217;s degree in business administration and international trade from the University of Taubat&#233;, and MBAs from the University of Laverne, Administration Institute Foundation and University of Taubat&#233;, focusing on finance, business, innovation and project management.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Ultrapar&#8217;s Risks, Integrity and Audit Officer</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Our Risks, Integrity and Audit Officer joined Ultrapar in 2017 as the Compliance Manager and has been the Director of Risks, Integrity and Audit since 2021. She has served as Vale&#8217;s Compliance, Forensic and Audit Manager from 2015 to 2017 and Votorantim Cimentos&#8217;s Global Compliance Manager from 2014 to 2015. She graduated in law from the Pontifical Catholic University of S&#227;o Paulo and has executive education in corporate governance and compliance from Insper. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Ultrapar&#8217;s Legal Officer</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Our Legal Officer joined Ultrapar in 2023. She </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">has served</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the legal department of BRMalls from 2011 to 2023, being its Legal Director from 2018 to 2023 and its Data Protection Officer from 2020 to 2023. She graduated in law from the Pontificial Catholic University of Rio de Janeiro, holds a </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">master</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> degree in corporate law and capital markets from Ibmec and has executive education on privacy and data protection from Insper.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Ultrapar&#8217;s Information Security Manager. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our Information Security Manager</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">joined Ultrapar in 2009 as an IT analyst and has been the Information Security Manager since 2022, being responsible for the assessment, mitigation and correction of information security risks at the Company. He also has experience in IT Governance, Identity and Access Management (IAM), data protection </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">management with respect to cybersecurity incidents, as well as extensive knowledge in network infrastructure, servers, user authentication, virtualization and storage. He graduated in information technology from </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the Paulista</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> University and holds an MBA in cybersecurity forensics, ethical hacking and DevSecOps from the Paulista College of Informatics and Administration.</span></p>  </div>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">For more information about our overall risk management processes, strategy and governance, see &#8220;Item 4.B. Information on the Company&#8212;Business overview.&#8221;</span></p> <span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cyd_CybersecurityRiskBoardCommitteeOrSubcommitteeResponsibleForOversightTextBlock', window );">Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]</a></td>
<td class="text">In addition to the overall governance structure applicable to all risks monitored by Ultrapar, there are two support committees focused on matters related to information systems security: the Information Security Steering Committee and the Information Security Management Committee.<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_cyd_CybersecurityRiskProcessForInformingBoardCommitteeOrSubcommitteeResponsibleForOversightTextBlock', window );">Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]</a></td>
<td class="text"><span style="-sec-ix-hidden:Tag5924"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In addition to the overall governance structure applicable to all risks monitored by Ultrapar, there are two support committees focused on matters related to information systems security: the Information Security Steering Committee and the Information Security Management Committee. These committees hold regular meetings (quarterly in the case of the Steering Committee and every two months in the case of the Management Committee) </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and also</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> meet up regularly with the Risks, Integrity and Audit </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Department to discuss if </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the risk</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> exposure is adequate.</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> The Information Security Management Committee reports to the Information Security Steering Committee.</span><span></span>
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<p style="margin: 0pt; break-after: avoid; line-height: 1.2; text-indent: 24.4pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The main roles and their respective responsibilities in maintaining and continuously improving security in the information technology systems of Ultrapar are described below:</span></p>
<p style="margin: 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br/></span></p>
<table style="width: 100%; margin-left: 0.1px; height: 78px; font-family: 'times new roman'; font-size: 10pt;">
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<td style="text-align: left; height: 16px; width: 1.96744%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: Symbol; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -18.9333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#183;</span><br/></td>
<td colspan="2" style="height: 16px; width: 98%; vertical-align: top;" valign="top"><span style="font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="font-weight: bold;">IT Heads</span> (of&#160;</span>Ultrapar<span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 32.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;and its subsidiaries):</span></span><br/></td> </tr>
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<td style="height: 10px; width: 1.96744%; vertical-align: top;" valign="top"><br/></td>
<td style="height: 10px; width: 2%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span><br/></td>
<td style="height: 10px; width: 96%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Allocate IT-related investments;</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; width: 1.96744%; vertical-align: top;" valign="top"><br/></td>
<td style="height: 16px; width: 2%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span><br/></td>
<td style="height: 16px; width: 96%; vertical-align: top;" valign="top"><span style="font-size: 10pt;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">Implement information security awareness and training programs;</span></span></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; width: 1.96744%; vertical-align: top;" valign="top"><br/></td>
<td style="height: 10px; width: 2%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span><br/></td>
<td style="height: 10px; width: 96%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Execute plans and investments to mitigate information security risks;</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; width: 1.96744%; vertical-align: top;" valign="top"><br/></td>
<td style="height: 16px; width: 2%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span><br/></td>
<td style="height: 16px; width: 96%; vertical-align: top;" valign="top"><span style="font-size: 10pt;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">Supervise the implementation of action plans and&#160;mitigat</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">e</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">&#160;controls related to information security risks; and</span></span></td> </tr>
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<td style="height: 10px; width: 1.96744%; vertical-align: top;" valign="top"><br/></td>
<td style="height: 10px; width: 2%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td>
<td style="height: 10px; width: 96%; vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ensure the effectiveness of the Information Security Policy by suggesting revisions and updates to the Information Security Steering Committee.</span></td> </tr> </tbody> </table>
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<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: Symbol; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: -18.9333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#183;</span></td>
<td colspan="2" style="height: 16px; vertical-align: top;" valign="top">
<p style="text-align: justify;"><span style="font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="font-weight: bold;">Information Security Management Committee&#160;</span>(composed of&#160;</span>Ultrapar&#8217;s<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;IT Officer; Information Security Manager; and information security and information technology specialists at&#160;</span>Ultrapar<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;and its subsidiaries):</span></span><br/></p> </td> </tr>
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<td style="height: 16px; width: 2%; vertical-align: top;" valign="top"><br/></td>
<td style="height: 16px; width: 2%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td>
<td style="height: 16px; width: 96%; vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Share knowledge, initiatives and plans relative to best practices, processes, technologies and solutions for assessing, identifying, and managing material risks from information security threats;</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><br/></td>
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span><br/></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Discuss, assess, verify and suggest information security management rules and standards, as applicable, and minimum information security registers and requirements in technology environments;</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><br/></td>
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td>
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; line-height: inherit;">Monitor the prevention, detection, mitigation, and remediation of information security incidents;</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><br/></td>
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td>
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Supervise and validate action plans and controls related to information security risks; and</span></td> </tr>
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<td style="height: 10px; vertical-align: top;" valign="top"><br/></td>
<td style="height: 10px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td>
<td style="height: 10px; vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Update the Information Security Steering Committee on activities and recommendations discussed within the Information Security Management Committee.</span></td> </tr> </tbody> </table>
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<td style="height: 10px; vertical-align: top; padding: 0px;" valign="top"><span style="color: #000000; font-family: Symbol; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: -18.9333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#183;</span></td>
<td colspan="2" style="height: 10px; text-align: justify; vertical-align: top; padding: 0px;" valign="top"><span style="font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="font-weight: bold;">Information Security Steering Committee</span> (composed of&#160;</span>Ultrapar&#8217;s<span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;Administrative and Controlling Officer; Risks, Integrity and Audit Officer; Legal Officer; and Information Security Manager):</span></span></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; width: 2%; vertical-align: top;" valign="top"><br/></td>
<td style="height: 10px; width: 2%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td>
<td style="height: 10px; text-align: justify; width: 96%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Review, approve and monitor applicable rules and standards for information security management, as well as information security training plans;</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><br/></td>
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span><br/></td>
<td style="height: 16px; text-align: justify; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Monitor and supervise implementation of the action plans and prevention, mitigation and other controls related to information security risks;</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><br/></td>
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td>
<td style="height: 16px; vertical-align: top;" valign="top"><span style="font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Report to&#160;</span>Ultrapar&#8217;s<span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;Board of Directors all events infringing the Information Security Policy; and</span></span></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; vertical-align: top;" valign="top"><br/></td>
<td style="height: 10px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td>
<td style="height: 10px; text-align: justify; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ensure the effectiveness of the Information Security Policy by suggesting revisions and updates to Ultrapar&#8217;s Executive Officers.</span></td> </tr> </tbody> </table>
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<p style="margin: 10pt 0pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of December 31, 2024, Ultrapar&#8217;s Information Security Steering Committee was composed of four members, whose relevant expertise for assessing and managing risks relating to cybersecurity are described below: </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Ultrapar&#8217;s Management and Control Officer</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Our Management and Control Officer </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">joined Ultrapar in May 2024 as the Financial Planning and Investor Relations Director.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">He has served as the Chief Financial and Investor Relations Officer of Eurofarma from 2020 to 2024 and of Delta Energia from 2019 to 2020</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">He holds a bachelor&#8217;s degree in business administration and international trade from the University of Taubat&#233;, and MBAs from the University of Laverne, Administration Institute Foundation and University of Taubat&#233;, focusing on finance, business, innovation and project management.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Ultrapar&#8217;s Risks, Integrity and Audit Officer</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Our Risks, Integrity and Audit Officer joined Ultrapar in 2017 as the Compliance Manager and has been the Director of Risks, Integrity and Audit since 2021. She has served as Vale&#8217;s Compliance, Forensic and Audit Manager from 2015 to 2017 and Votorantim Cimentos&#8217;s Global Compliance Manager from 2014 to 2015. She graduated in law from the Pontifical Catholic University of S&#227;o Paulo and has executive education in corporate governance and compliance from Insper. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Ultrapar&#8217;s Legal Officer</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Our Legal Officer joined Ultrapar in 2023. She </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">has served</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the legal department of BRMalls from 2011 to 2023, being its Legal Director from 2018 to 2023 and its Data Protection Officer from 2020 to 2023. She graduated in law from the Pontificial Catholic University of Rio de Janeiro, holds a </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">master</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> degree in corporate law and capital markets from Ibmec and has executive education on privacy and data protection from Insper.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Ultrapar&#8217;s Information Security Manager. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our Information Security Manager</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">joined Ultrapar in 2009 as an IT analyst and has been the Information Security Manager since 2022, being responsible for the assessment, mitigation and correction of information security risks at the Company. He also has experience in IT Governance, Identity and Access Management (IAM), data protection </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">management with respect to cybersecurity incidents, as well as extensive knowledge in network infrastructure, servers, user authentication, virtualization and storage. He graduated in information technology from </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the Paulista</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> University and holds an MBA in cybersecurity forensics, ethical hacking and DevSecOps from the Paulista College of Informatics and Administration.</span></p>  </div> <span></span>
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<td class="text"><span style="-sec-ix-hidden:Tag5924"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">In addition to the overall governance structure applicable to all risks monitored by Ultrapar, there are two support committees focused on matters related to information systems security: the Information Security Steering Committee and the Information Security Management Committee. These committees hold regular meetings (quarterly in the case of the Steering Committee and every two months in the case of the Management Committee) </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">and also</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> meet up regularly with the Risks, Integrity and Audit </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Department to discuss if </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the risk</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> exposure is adequate.</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> The Information Security Management Committee reports to the Information Security Steering Committee.</span><span></span>
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<p style="margin: 10pt 0pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">As of December 31, 2024, Ultrapar&#8217;s Information Security Steering Committee was composed of four members, whose relevant expertise for assessing and managing risks relating to cybersecurity are described below: </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Ultrapar&#8217;s Management and Control Officer</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Our Management and Control Officer </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">joined Ultrapar in May 2024 as the Financial Planning and Investor Relations Director.</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">He has served as the Chief Financial and Investor Relations Officer of Eurofarma from 2020 to 2024 and of Delta Energia from 2019 to 2020</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">He holds a bachelor&#8217;s degree in business administration and international trade from the University of Taubat&#233;, and MBAs from the University of Laverne, Administration Institute Foundation and University of Taubat&#233;, focusing on finance, business, innovation and project management.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Ultrapar&#8217;s Risks, Integrity and Audit Officer</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Our Risks, Integrity and Audit Officer joined Ultrapar in 2017 as the Compliance Manager and has been the Director of Risks, Integrity and Audit since 2021. She has served as Vale&#8217;s Compliance, Forensic and Audit Manager from 2015 to 2017 and Votorantim Cimentos&#8217;s Global Compliance Manager from 2014 to 2015. She graduated in law from the Pontifical Catholic University of S&#227;o Paulo and has executive education in corporate governance and compliance from Insper. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Ultrapar&#8217;s Legal Officer</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">. Our Legal Officer joined Ultrapar in 2023. She </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">has served</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> the legal department of BRMalls from 2011 to 2023, being its Legal Director from 2018 to 2023 and its Data Protection Officer from 2020 to 2023. She graduated in law from the Pontificial Catholic University of Rio de Janeiro, holds a </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">master</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> degree in corporate law and capital markets from Ibmec and has executive education on privacy and data protection from Insper.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Ultrapar&#8217;s Information Security Manager. </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Our Information Security Manager</span> <span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">joined Ultrapar in 2009 as an IT analyst and has been the Information Security Manager since 2022, being responsible for the assessment, mitigation and correction of information security risks at the Company. He also has experience in IT Governance, Identity and Access Management (IAM), data protection </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">management with respect to cybersecurity incidents, as well as extensive knowledge in network infrastructure, servers, user authentication, virtualization and storage. He graduated in information technology from </span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">the Paulista</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> University and holds an MBA in cybersecurity forensics, ethical hacking and DevSecOps from the Paulista College of Informatics and Administration.</span></p> <span></span>
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<td class="text"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Furthermore, with the assistance of third-party specialized companies, Ultrapar has developed and employs several tools to support management in the event of any cybersecurity incident. These tools assist the Company in identifying its critical processes, systems and resources, whose correction should be prioritized in case of unavailability or failure, and in devising a formalized and </span><span style="-sec-ix-hidden:Tag5925"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">organized incident</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> response process, guiding all organizational levels to respond in a fast and reliable manner, should the Company experience any information security incident.</span></span><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation S-K<br> -Section 106<br> -Subsection b<br> -Paragraph 1<br> -Subparagraph ii<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Section 16K<br> -Subsection b<br> -Paragraph 1<br> -Subparagraph ii<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation S-K<br> -Section 106<br> -Subsection b<br> -Paragraph 2<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Section 16K<br> -Subsection b<br> -Paragraph 2<br></p></div>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cyd_CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantFlag</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation S-K<br> -Section 106<br> -Subsection b<br> -Paragraph 2<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Section 16K<br> -Subsection b<br> -Paragraph 2<br></p></div>
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<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation S-K<br> -Section 106<br> -Subsection c<br> -Paragraph 1<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Section 16K<br> -Subsection c<br> -Paragraph 1<br></p></div>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cyd_CybersecurityRiskProcessForInformingBoardCommitteeOrSubcommitteeResponsibleForOversightTextBlock</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation S-K<br> -Section 106<br> -Subsection c<br> -Paragraph 2<br> -Subparagraph ii<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Section 16K<br> -Subsection c<br> -Paragraph 2<br> -Subparagraph ii<br></p></div>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cyd_CybersecurityRiskProcessForInformingManagementOrCommitteesResponsibleTextBlock</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation S-K<br> -Section 106<br> -Subsection c<br> -Paragraph 2<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Section 16K<br> -Subsection c<br> -Paragraph 2<br></p></div>
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<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation S-K<br> -Section 106<br> -Subsection b<br> -Paragraph 1<br> -Subparagraph iii<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Section 16K<br> -Subsection b<br> -Paragraph 1<br> -Subparagraph iii<br></p></div>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">cyd_CybersecurityRiskThirdPartyOversightAndIdentificationProcessesFlag</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Basis of preparation and presentation of consolidated financial statements (Policies)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_DisclosureOfPresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesAbstract', window );"><strong>Basis of preparation and presentation of consolidated financial statements</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory', window );">Foreign currency transactions</a></td>
<td class="text">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Foreign currency transactions</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Foreign currency transactions carried out by the Company and its subsidiaries are remeasured into their functional currency at the exchange rate prevailing </span><span style="line-height: inherit;">on</span><span style="line-height: inherit;"> the date of each transaction. Outstanding monetary assets and liabilities of the Company and its subsidiaries are translated using the exchange rate </span><span style="line-height: inherit;">on</span><span style="line-height: inherit;"> the date of the financial statements. The effect of the difference between those exchange rates is recognized in financial results until the conclusion of each transaction.</span></span></p> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_DescriptionOfAccountingPolicyForBasisForTranslationOfFinancialStatementsExplanatory', window );">Basis for translation of financial statements of foreign subsidiaries</a></td>
<td class="text">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Basis for translation of financial statements of foreign subsidiaries</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; z-index: 40; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">b.1 </span><span style="font-style: italic; font-weight: bold; line-height: inherit;">Foreign s</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">ubsidiaries without administrative authority<br/></span></span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; z-index: 40; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company has foreign subsidiaries without administrative authority. Assets and liabilities of the other foreign subsidiaries, which do not have administrative authority, are considered an extension of the activities of their parent company and are translated using the exchange rate at the date of the financial statements. Gains and losses resulting from changes in these foreign investments are directly recognized as financial result.</span> </p> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_DescriptionOfAccountingPolicyForUseOfEstimatesAssumptionsAndJudgmentsExplanatory', window );">Critical accounting judgements and key sources of estimation uncertainty</a></td>
<td class="text">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; z-index: 40; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Use of estimates, assumptions and judgments</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The preparation of the financial statements requires the use of estimates, assumptions, and judgments for the accounting and disclosure of certain assets, liabilities, and profit or loss. Therefore, the Company and its subsidiaries&#8217; management use the best information available at the date of preparation of the financial statements, as well as the experience of past and current events, also considering assumptions regarding future events. The estimates and assumptions are reviewed periodically.</span></p>

<p style="margin: 0pt; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br/>c.1 Judgments</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; z-index: 40; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Information on the judgments is included in: the determination of control in subsidiaries, the determination of joint control in joint ventures, and the determination of significant influence in associates (Note 11).</span></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2; z-index: 40;"> <br/></p>
<p style="margin: 2pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c.2 Uncertainties related to the assumptions and estimates</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The information regarding uncertainties related to the assumptions and estimates are included in: determining the fair value of financial instruments including derivatives (Notes 4, 15 and 2</span><span style="line-height: inherit;">5</span><span style="line-height: inherit;">), the determination of the loss allowance for expected credit losses (Note 5), the determination of provisions for losses of inventories (Note 6), the estimates of realization of deferred IRPJ and CSLL amounts (Note 9), realization amount of tax recoverable (Note 7), the useful lives and discount rate of right-of-use assets (Note 12), the useful lives of property, plant and equipment (Note 13), the useful lives of intangible assets and recoverable value of assets, including goodwill (Note 14), provisions for tax, civil, and labor risks (Note 18), estimates for the preparation of actuarial reports (Note 17), determination of fair value of subscription warrants &#8211; indemnification (Notes 19 and 2</span><span style="line-height: inherit;">5</span><span style="line-height: inherit;">), and definition of fair value of the contingent consideration set for the business combination (Note 2</span><span style="line-height: inherit;">7</span><span style="line-height: inherit;">). The actual result of the transactions and information may differ from their estimates.</span></span> </p> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory', window );">Impairment of property, plant and equipment and intangible assets, including goodwill</a></td>
<td class="text">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">d. Impairment of </span><span style="font-style: italic; font-weight: bold; line-height: inherit;">property, plant and equipment and intangible assets, including goodwill</span></span></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The Company and its subsidiaries review the existence of indications of impairment of </span><span style="line-height: inherit;">property, plant</span><span style="line-height: inherit;"> and equipment</span><span style="line-height: inherit;"> and </span><span style="line-height: inherit;">intangible</span><span style="line-height: inherit;"> assets</span> <span style="line-height: inherit;">on a quarterly basis. </span><span style="line-height: inherit;">For</span><span style="line-height: inherit;"> intangible assets with </span><span style="line-height: inherit;">an </span><span style="line-height: inherit;">indefinite useful life the review is done annually or more frequently when there is</span><span style="line-height: inherit;"> an</span><span style="line-height: inherit;"> indication that such assets might be impaired. If there is an indication of impairment, the Company and its subsidiaries estimate the recoverable amount of the asset. Assets that cannot be evaluated individually are grouped in the smallest group of assets that generate cash inflow from continuous use and that are largely independent of cash flows of other assets (cash generating units &#8220;CGU&#8221;). The identified CGUs for the evaluation of impairment are similar to reported segments </span><span style="line-height: inherit;">in</span><span style="line-height: inherit;"> financial statements. The recoverable amount of assets or CGUs corresponds to the greater of their fair value net of applicable direct selling expenses and their value in use. </span></span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The fair value less costs to sell is determined by the price that would be received to sell an asset in an orderly transaction between market participants at the measurement date, net of costs of removing the asset, and direct incremental costs to bring an asset into condition for its sale, legal costs, and taxes.</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8195;</span></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">To assess the value in use, the projections of future cash flows, trends, and outlooks, as well as the effects of obsolescence, demand, competition, and other economic factors were considered. Such cash flows are discounted to their present values using the discount rate before tax that reflects market conditions for the period of impairment testing and the specific risks of the asset or CGU being evaluated. In cases where the expected discounted future cash flows are less than their carrying amount, an impairment loss is recognized for the amount by which the carrying amount exceeds the fair value of these assets in profit or loss. In case goodwill has been allocated to a CGU, the recognized losses are first allocated to reduce the corresponding goodwill. If the goodwill is not enough to absorb such losses, the surplus is allocated to the assets on a pro-rata basis. An impairment of goodwill cannot be reversed. For other assets, impairment losses are reversed only to the extent that the asset's carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if the impairment had not been recognized. </span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As of December 31, 2024, and 2023, the Company
and its subsidiaries did not record any losses with impairment of assets. In
2022 the Company, through its subsidiary Ipiranga, sold its subsidiary Imifarma
Produtos Farmac&#234;uticos e Cosm&#233;ticos S.A. (&#8220;Extrafarma&#8221;) <span style="line-height: inherit;">and wrote off the provision for impairment of assets
allocated to subsidiary Extrafarma</span>. See Note 28.</span><span style="font-size: 10pt; font-family: Aptos, sans-serif; line-height: inherit;"></span></p> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_DescriptionOfAccountingPolicyForOtherAssetsExplanatory', window );">Other assets</a></td>
<td class="text">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; z-index: 40; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">e. Other assets</span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Other assets are stated at the lower of cost and realizable value, including, if applicable, interest earned, monetary variations</span><span style="line-height: inherit;">,</span><span style="line-height: inherit;"> and foreign exchange variations incurred, less the provisions for losses and, if applicable, adjusted to present value.</span></span></p> <span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_DescriptionOfAccountingPolicyForOtherLiabilitiesExplanatory', window );">Other liabilities</a></td>
<td class="text"><span style="line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other liabilities are stated at known or measurable amounts, including monetary variations</span></span><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">,</span><span style="line-height: inherit;"> and foreign exchange variations incurred. When applicable, other liabilities are recognized at present value, based on interest rates that reflect the term, currency, and risk of each transaction.</span></span><span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForCashFlowsExplanatory', window );">Statements of cash flows</a></td>
<td class="text">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">g</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">. Statements of cash flows</span></span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The Company and its subsidiaries present the interest paid on loans, financing, debentures, and leases payable in financing activities the financial investments, net of redemptions</span><span style="line-height: inherit;">, are presented</span><span style="line-height: inherit;"> in investing activities; and&#160;</span><span style="line-height: inherit;">dividends </span><span style="line-height: inherit;">received </span><span style="line-height: inherit;"> are presented </span><span style="line-height: inherit;">in operating activities.</span></span></p> <span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue', window );">Revenue recognition</a></td>
<td class="text">
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-style: italic; font-weight: bold; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">h. Revenue recognition</span></span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-style: italic; font-weight: bold; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><br/></span></span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Revenues from sales and services rendered under contracts with customers are recognized on the accrual basis when, or as, performance obligations are satisfied by transferring the control of a promised good or service to a customer in such a way that the customer obtains substantially all rewards generated, according to the obligations of each transaction, and when it is highly probable that the Company and its subsidiaries will receive the consideration in exchange for the transferred goods or services.</span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><br/></span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The Company and its subsidiaries recognize revenue under the 5-step model, in accordance with IFRS 15: (1) identification of contracts with customers; (2) identification of the performance obligations; (3) determination of the transaction price; (4) allocation of the transaction price to performance obligations under the contracts, and (5) revenue recognition when (or as) the performance obligation is satisfied and the control of the goods and services is transferred to the customer.</span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><br/></span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Revenue is measured and stated at the fair value of the consideration to which the Company and its subsidiaries expect to be entitled to, less returns, discounts, rebates, sales taxes, amortization of assets from contracts with customers, and other deductions, if applicable. The Company&#8217;s subsidiaries do not have obligations for return or refund in their contracts with customers and do not have significant financing component that directly impacts the determination of the expected consideration.</span></span></p> <span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_DescriptionOfAccountingPolicyForRecognitionOfTaxCreditsPolicyTextBlock', window );">Recognition of tax credits</a></td>
<td class="text">
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-style: italic; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><span style="line-height: inherit;">i. Recognition of tax credits</span></span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-style: italic; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><span style="line-height: inherit;"><br/></span></span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The accounting policy applied by the Company considers relevant estimates and judgments for the tax credits recognition and for estimating its recovery. The tax credits are recorded only when management has elements that guarantee (i) that the credit is a legal right; (ii) the amount could be estimated with sufficient reliability to enable it to be compensated or refunded; and (iii) the amounts are recoverable through either offsetting with other tax credits or a tax refund. In cases where the recovery of the asset is not probable, or the amount cannot be reliably measured, the amounts are not recognized, neither is a provision recorded.&#160;</span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><br/></span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">For more details about the judgments, uncertainties related to the assumptions and estimates, and the management analysis of impacts on the financial statements, see Notes 2.c.2 and 7.a.</span></span></p> <span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForDiscontinuedOperationsExplanatory', window );">Discontinued operations</a></td>
<td class="text">
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-style: italic; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><span style="line-height: inherit;">j. Discontinued operations</span></span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-style: italic; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><span style="line-height: inherit;"><br/></span></span></span></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2; z-index: 40;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">The transactions of Oxiteno and Extrafarma sale was concluded on April 1, 2022 and August 1, 2022, respectively. The Company accounted for the disposal of Investments in accordance with international standard IFRS 5 &#8208; Non-current Assets Held for Sale and Discontinued Operations, which require recognizing any assets and liabilities as &#8220;Held&#8208;for&#8208;sale assets&#8221; and &#8220;Liabilities related to held&#8208;for&#8208;sale assets&#8221; in the balance sheet and reporting the income (loss) of the companies sold up to the sale date, as well as the gain (loss) from the sale of the investments, as &#8220;Discontinued operations&#8221; in the statement of income.</span></span></p>
 <span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="text">
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Accounting policy</span></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Cash and cash equivalents comprise bank balances and short-term financial investments with maturities of up to <span style="border-left: none; border-right: none;">90</span> days, readily convertible into known amounts of cash and subject to an insignificant risk of change in value. Cash equivalents are held for the purpose of meeting short-term cash commitments.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Investments that do not fall under the classification of cash and cash equivalents are presented as financial investments in a separate line item in the statements of financial position.</span></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The financial assets were classified based on the business model of the Company and its subsidiaries and are disclosed in Note <span style="border-left: none; border-right: none;">25</span>.</span></p> <span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory', window );">Trade receivables, reseller financing and other receivables</a></td>
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<p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade receivables represent amounts receivable for the sale of products and services provided by the Company's subsidiaries and are recorded at the nominal value invoiced on the date of sale.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Reseller financing is provided to promote the renovation and upgrading of service stations, purchase of products, and development of the automotive fuels and lubricants distribution market. The amounts are financed with an average payment term of 12 to 60 months, subject to interest and monetary variation. Remeasurement is carried out at a market rate for working capital loans and is recognized in the financial result.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Expected credit losses are measured in accordance with the IFRS <span>9</span> simplified approach, using a provision matrix based on expected losses for the full balance of trade receivables. The loss allowance for expected credit losses considers the expected losses for the next <span>12</span> months, which includes the deterioration or improvement of the customers&#8217; credit quality, considering the customers&#8217; characteristics in each business segment. The expected credit losses are calculated by the expected loss approach, considering the probability of default. Loss rates are determined by the average of advances of receivables through stages of default until full write-off. This calculation includes the credit risk score for each exposure, based on predictive data and credit assessment experience.</span></p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The amount of the expected credit losses is deemed by Management to be sufficient to cover any loss on realization of trade receivables.</span></p> <span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories', window );">Inventories</a></td>
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<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></p>
<div style="border-left: none; border-right: none;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Inventories are stated at the lower of cost and net realizable value, and estimates of net realizable value are based on the average selling prices at the end of the reporting period, net of applicable direct selling expenses. The costs are measured using the weighted average cost and include the costs of acquisition and processing directly and indirectly related to the units produced based on the normal capacity of production. </span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">At the reporting date, the net realizable value of inventories is assessed and subsequent events related to price and cost fluctuations are considered, if relevant, and a provision for losses on obsolete or slow-moving inventories may be recognized. Write-offs and reversals are recognized as "Cost of goods sold and services rendered". This classification is made by </span><span style="line-height: inherit;">M</span><span style="line-height: inherit;">anagement with the support of the industrial and operations teams.</span></span></p> </div> <span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory', window );">Income and social contribution taxes</a></td>
<td class="text">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Current and deferred income tax (&#8220;IRPJ&#8221;) and social contribution on net income tax (&#8220;CSLL&#8221;) are calculated based on their current rates. For the calculation of current IRPJ, the value of tax incentives is also considered. At the end of the fiscal year the portion of the profit corresponding to these investment grants is allocated to the constitution of a tax incentive reserve in subsidiaries&#8217; equity and is excluded from the dividend calculation basis and subsequently capitalized. Taxes are recognized based on the rates of IRPJ and CSLL provided for by the laws enacted on the last day of the financial statements. The current rates in Brazil are 25% for IRPJ and 9% for CSLL.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Deferred IRPJ and CSLL are recognized when a temporary difference between the tax and accounting balances exists, given that tax credits and debits are not subject to the statute of limitations, and mainly result from provisions for differences between cash and accrual basis, tax loss carryforwards, leasing operations, negative bases and provisions for tax, civil, and labor risks. Deferred tax assets are sustained by the continued profitability of their operations.</span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For purposes of disclosure, deferred tax assets were offset against deferred tax liabilities, in the same taxable entity.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">On December 27, 2024, Law <span>15,079</span> was published, which introduce the Additional of CSLL to adapt Brazilian legislation to the GloBE Rules, aligning the country to Pillar <span>2</span> of the BEPS of OECD. This guideline establishes a minimum global tax rate of <span>15</span>% for multinationals with annual revenues exceeding &#8364; <span>750</span> million.</span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Management assessed and concluded that no relevant effects on the Company's financial statements are expected.</span></p> <span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory', window );">Investments in subsidiaries, joint ventures and associates</a></td>
<td class="text">
<div style="margin: 0pt; text-align: justify; line-height: 1.2;"><a class="customBookmark" href="#TOC" id="Bnd563_1832025144919385" style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></a></div>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Investments in subsidiaries are accounted for under the equity method of accounting in the parent&#8217;s individual financial statements. A subsidiary is an investee in which the investor is entitled to variable returns on investment and has the ability to interfere in its financial and operational activities.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Investments in associates and joint ventures are accounted for under the equity method of accounting in the financial statements. An associate is an investment in which an investor has significant influence, that is, has the power to participate in the financial and operating decisions of the investee but does not exercise control. A joint venture is an investment in which the shareholders have the right to net assets on behalf of a joint control. Joint control is the agreement which establishes that decisions about the relevant activities of the investee require the consent from the parties that share control.</span></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other investments are stated at acquisition cost less provision for losses, unless the loss is considered temporary.</span></p>

<p style="margin: 10pt 0pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-size: 10pt; text-indent: 0pt;">The table below presents the positions of equity and income (loss) for the year by company:</span></p> <span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory', window );">Right-of-use assets and leases payable</a></td>
<td class="text">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries recognized in the statement of financial position right-of-use assets and the respective lease liabilities initially measured at the present value of future lease payments, discounted by the incremental loan rate of the Company, considering the related contract costs. Right-of-use assets include amounts related to port area lease grants.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The remeasurement of assets and liabilities based on the contractual index is recognized in the statement of financial position, not having an effect on the result. In case of cancellation of the contract, the assets and respective liabilities are written off to the result, considering, if it is the case, any penalties provided in contractual clauses. The Company and its subsidiaries have no intention of purchasing the underlying asset.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The amortization expenses of right-of-use assets are recognized in the statement of income over the lease contract term. When the right-of-use asset is used in the construction of the property, plant, and equipment (&#8220;PP&amp;E&#8221;), its amortization is capitalized until the asset under construction is completed. The liability is increased for interest and decreased by lease payments made. The interest is recognized in the statement of income using the effective interest rate method.</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For short-term leases of <span>12</span> months or less and lease contracts of low-value assets, which do not have a purchase option at the end of the contract the Company and its subsidiaries recognize the lease expense in the statement of income as incurred over the lease term.</span></p> <span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory', window );">Property, plant, and equipment</a></td>
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<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Property, plant and equipment items are measured at acquisition or construction cost, which also includes costs directly attributable to bringing the asset to operating conditions, including borrowing costs on qualifying assets and non-recoverable taxes, as well as, when applicable, the estimated costs of dismantling and removing property, plant and equipment and restoring the site where the asset is located, less accumulated depreciation and impairment losses. The borrowing costs related to funds raised for construction in progress shall be capitalized until the completion of these projects.</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Depreciation is calculated using the straight-line method, taking into consideration the estimated useful lives of the assets, which are reviewed annually. Leasehold improvements are depreciated over the shorter of the contract term and the useful life of the asset.</span></p> <span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory', window );">Intangible assets</a></td>
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<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Intangible assets include assets acquired by the Company and its subsidiaries from third parties, and are recognized according to the criteria below:</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><span style="line-height: inherit;">&#8226;</span><span style="line-height: inherit;"> </span><span style="line-height: inherit;">Goodwill is shown as intangible assets corresponding to the positive difference between the amount paid or payable to the seller and the fair value of the identifiable assets and liabilities assumed of the acquired entity. Goodwill is tested for impairment annually or more frequently when there is indication that the goodwill might be impaired. Goodwill is allocated to the</span><span style="line-height: inherit;"> cash generating units</span><span style="line-height: inherit;">, which represent the lowest level </span><span style="line-height: inherit;">at which</span><span style="line-height: inherit;"> goodwill is monitored for impairment testing purposes.</span></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><span style="line-height: inherit;">&#8226;</span><span style="line-height: inherit;"> </span><span style="line-height: inherit;">Other intangible assets acquired from third parties, such as software, technology, and commercial property rights, are measured at the amount paid on acquisition and amortizedusing the straight-line method, according to their useful lives, and are reviewed annually.</span></span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><span style="line-height: inherit;">&#8226;</span><span style="line-height: inherit;"> </span><span style="line-height: inherit;">The decarbonization credits (&#8220;CBIOS&#8221;) acquired are recorded at historical cost in intangible assets, being prescribed according to decree in the year to fulfill the individual target set by the National Agency of Petroleum, Natural Gas and Biofuels (&#8220;ANP&#8221;) and are not amortized. These assets are used to settle the annual decarbonization obligation adopted by Brazilian National Biofuels Policy (&#8220;RenovaBio&#8221;), implemented by Law No. <span>13,576</span>/<span>2017</span>, with additional regulations established by Decree No. <span>9,888</span>/<span>2019</span> and Ordinance No. <span>419</span> of November 20, 2019 issued by the Brazilian Ministry of Mines and Energy. The obligation is recorded under a specific line item of the statement of financial position and is measured according to the target established by the ANP, through the average acquisition cost of credits acquired or the fair value of credits traded on B<span>3</span> on the closing date for the credits to be acquired.</span></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries have goodwill and brands acquired in business combinations, which are evaluated as intangible assets with indefinite useful life.</span></p> <span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory', window );">Loans, financing, debentures and derivative financial instruments</a></td>
<td class="text">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></p>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">Financial liabilities are initially recognized at fair value, net of transaction costs incurred, and are subsequently measured at amortized cost or at fair value through profit or loss and updated using the effective interest rate and including charges. The financial liabilities at fair value through profit or loss refer to derivative financial instruments and financial liabilities designated as hedged items in a fair value hedge relationship upon initial recognition (see Note <span>2</span></span><span style="line-height: inherit;"><span>5</span></span><span style="line-height: inherit;">.g.<span>1</span>). Any difference between the proceeds (net of transaction costs) and the total amount payable is recognized in the statement of income over the period of the borrowings using the effective interest rate method. Fees paid on the contracting of loans are recognized as transaction costs and amortized taking into account the term of the loan, using the effective interest rate method.</span></span></p> <span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory', window );">Trade payables</a></td>
<td class="text">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Trade payables - reverse factoring:</span><span style="font-size: 10pt; line-height: inherit;"> These operations consist </span><span style="font-size: 10pt; line-height: inherit;">of</span><span style="font-size: 10pt; line-height: inherit;"> the advance receipt of amounts by the supplier from financial institutions before their due date in order to provide to suppliers the opportunity to manage their receivables more effectively.</span></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The assignment of receivables does not result in any costs or fees with the financial institutions for the Company's subsidiaries, nor in the granting of guarantees of any type to these financial institutions. The decision to join this type of transaction is solely and exclusively of the supplier.</span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The agreement does not substantially change the main characteristics of the commercial conditions previously established between the subsidiaries of the Company and the suppliers. Therefore, the amounts payable to financial institutions for these transactions </span><span style="font-size: 10pt; line-height: inherit;">are </span><span style="font-size: 10pt; line-height: inherit;">presented in the line item of suppliers.</span></span></p> <span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory', window );">Employee benefits and private pension plan</a></td>
<td class="text">
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt; line-height: inherit;">The Company and its subsidiaries offer their employees a private pension plan of the defined contribution type and other benefits related to seniority bonus, payment of Government Severance Indemnity Fund for Employees (&#8220;FGTS&#8221;), health and dental care, and life insurance plan</span><span style="font-size: 10pt; line-height: inherit;">s</span><span style="font-size: 10pt; line-height: inherit;"> for eligible retirees</span><span style="font-size: 10pt; line-height: inherit;">. </span><span style="font-size: 10pt; line-height: inherit;">Annual actuarial studies, with the exception of the private pension plan, are prepared by an independent professional and reviewed by Management</span><span style="font-size: 10pt; line-height: inherit;">. The respective impacts are recognized in accordance with the projected unit credit method. The actuarial gains and losses are recognized in equity under &#8220;Accumulated other comprehensive income&#8221;.</span></span></p> <span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory', window );">Provisions and contingent liabilities</a></td>
<td class="text">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">A provision for tax, civil and labor risks is recognized when there is a present obligation as a result of a past event, it is probable that a disbursement will be required to settle the obligation, and the amount can be reliably estimated, based on the opinion of Management and internal and external legal advisors, and the amounts are recognized based on estimates of the outcomes of the legal proceedings. The provision is recorded as an expense for the year. The update of this obligation is made according to the development of the legal proceeding or financial charges incurred and may be reversed if the loss estimate is no longer considered probable due to changes in circumstances, or when the obligation is settled. Contingent assets are disclosed when the associated economic benefits are probable and are only recognized in the financial statements in the period in which their realization is considered certain and their amount can be reliably measured.</span></p> <span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory', window );">Financial instruments</a></td>
<td class="text">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span> </p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial instruments are classified and measured as follows:</span></p>
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<td style="width: 5%; text-align: center; vertical-align: top; height: 32px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226; </span></td>
<td style="width: 95%; vertical-align: top; text-align: justify; height: 32px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amortized cost: financial instruments held in order to collect and comply with contractual cash flows, solely principal and interest. Interest earned, losses and foreign exchange variations are recognized in profit or loss and balances are stated at amortized cost using the effective interest rate method.</span></td> </tr>
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<td style="text-align: center; vertical-align: top; height: 48px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226; </span><br/></td>
<td style="vertical-align: top; text-align: justify; height: 48px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Measured at fair value through other comprehensive income: financial instruments contracted for the purpose of collecting contractual cash flows or selling financial assets. The balances are stated at fair value, and interest earned, losses and foreign exchange variations are recognized in profit or loss. Differences between fair value and initial amount of financial investments plus interest earned and foreign exchange variations are recognized in equity under &#8220;Accumulated other comprehensive income&#8221;. Accumulated gains and losses recognized in equity are reclassified to profit or loss at the time of their settlement.</span></td> </tr>
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<td style="text-align: center; vertical-align: top; height: 32px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226; </span></td>
<td style="vertical-align: top; text-align: justify; height: 32px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Measured at fair value through profit or loss: financial instruments that were not classified as amortized cost or as measured at fair value through other comprehensive income. Balances are stated at fair value. Interest earned, foreign exchange variations and changes in fair value are recognized in profit or loss. Investment funds and derivatives are classified as measured at fair value through profit or loss.</span></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries use financial instruments for hedging purposes, applying the following concepts:</span> </p>
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<td style="width: 5%; text-align: center; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226; </span></td>
<td style="width: 95%; vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Hedge accounting &#8211; fair value hedge: financial instrument used to hedge exposure to changes in the fair value of an item, attributable to a particular risk, which can affect profit or loss.</span><br/></td> </tr>
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<td style="text-align: center; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226; </span><br/></td>
<td style="vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Hedge accounting &#8211; cash flow hedge: financial instruments used to hedge the exposure to variability in cash flows that is attributable to a risk associated with an asset or liability or highly probable transaction or firm commitment that may affect profit or loss.</span></td> </tr>
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<td style="text-align: center; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226; </span><br/></td>
<td style="vertical-align: top; text-align: justify;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 37.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Hedge accounting &#8211; hedge of investments in foreign operations: financial instruments used to hedge exposure on net investments in foreign subsidiaries due to the fact that the local functional currency is different from the functional currency of the Company</span></td> </tr> </tbody> </table> </div> <span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory', window );">Acquisition of Interest and Control</a></td>
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<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting policy</span> </p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">A business combination is accounted for applying the acquisition method. The cost of the acquisition is measured based on the consideration transferred and to be transferred, measured at fair value at the acquisition date. In a business combination, the assets acquired and liabilities assumed are measured in order to classify and allocate them according to the contractual terms, economic circumstances and relevant conditions at the acquisition date. The non-controlling interest in the acquired company is measured based on its interest in net assets identified in the acquired company. Goodwill is measured as the excess of the consideration transferred and to be transferred over the fair value of net assets acquired (identifiable assets and liabilities assumed, net). After the initial recognition, goodwill is measured at cost less any accumulated impairment losses. For impairment testing purposes, goodwill is allocated to the respective Company&#8217;s operating segments. When the cost of the acquisition is lower than the fair value of net assets acquired, a gain is recognized directly in the statement of income. Costs related to the acquisitions are recorded in the statement of income when incurred.</span></p> <span></span>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's material accounting policy information for discontinued operations. [Refer: Discontinued operations [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's material accounting policy information for employee benefits. Employee benefits are all forms of consideration given by an entity in exchange for services rendered by employees or for the termination of employment.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's material accounting policy information for financial instruments. [Refer: Classes of financial instruments [domain]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's material accounting policy information for financial liabilities. [Refer: Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's material accounting policy information for foreign currency translation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's material accounting policy information for the impairment of assets.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's material accounting policy information for income tax.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory</td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's material accounting policy information for intangible assets and goodwill. [Refer: Intangible assets and goodwill]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's material accounting policy information for investment in associates and joint ventures. [Refer: Total for all associates [member]; Total for all joint ventures [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's material accounting policy information for leases. A lease is an agreement whereby the lessor conveys to the lessee in return for a payment or series of payments the right to use an asset for an agreed period of time.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for measuring inventories. [Refer: Inventories]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 2<br> -IssueDate 2024-01-01<br> -Paragraph 36<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=2&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_36_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's material accounting policy information for property, plant and equipment. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's material accounting policy information for provisions. [Refer: Provisions]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's material accounting policy information for recognising revenue. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's material accounting policy information for trade and other payables. [Refer: Trade and other payables]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's material accounting policy information for trade and other receivables. [Refer: Trade and other receivables]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy used to determine the components of cash and cash equivalents. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 46<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_46&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for basis for translation of financial statements.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The description of accounting policy for other liabilities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's material accounting policy information for recognition of tax credits.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for use of Estimates, Assumptions and Judgments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 13.4259%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 13.4259%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 11.9574%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> 12/31/2022 </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; border-bottom-color: #000000 !important; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Location </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; border-bottom-color: #000000 !important; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Segment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 5.97871%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Direct </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 5.97871%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Indirect </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 5.97871%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Direct </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 5.97871%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Indirect </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 5.97871%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Direct </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 9pt; width: 5.97871%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> Indirect </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 41.0319%; font-size: 9pt;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Ultrapar Mobilidade Ltda.<span style="font-size: 7pt;"><sup>(15)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 8.02621%; font-size: 9pt;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 8.02621%; font-size: 9pt;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 0.982801%; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; width: 5.97871%; margin: 0px; text-indent: 0px; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.46843%; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; width: 5.97871%; margin: 0px; text-indent: 0px; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.46843%; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; width: 5.97871%; margin: 0px; text-indent: 0px; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.46843%; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; width: 5.97871%; margin: 0px; text-indent: 0px; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; width: 1.46413%; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; width: 5.97871%; margin: 0px; text-indent: 0px; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; width: 5.97871%; margin: 0px; text-indent: 0px; font-size: 9pt;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; width: 1.47493%; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.45pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Centro de Conveni&#234;ncias Millennium Ltda. and subsidiaries<span style="font-size: 7pt; line-height: inherit;"><sup>(17)</sup></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.45pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Neodiesel Ltda.<span style="font-size: 7pt;"><sup>(<span>1</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 17.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Serra Diesel Transportador Revendedor Retalhista Ltda.</span><span style="font-size: 7pt; line-height: inherit;"> <sup>(18)</sup></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 60 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 60 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.45pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Ipiranga Produtos de Petr&#243;leo S.A.<span style="font-size: 7pt;"><sup>(<span>2</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> am/pm Comest&#237;veis Ltda. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 20.8pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Glazed Brasil S.A.<span style="font-size: 7pt;"><sup>(<span>3</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> <span style="border-right: none; border-left: none; line-height: inherit;">Brazil</span> </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 55 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Icorban - Correspondente Banc&#225;rio Ltda. <span style="font-size: 7pt;"><sup>(<span>4</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 41.0319%;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga Trading Limited </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 8.02621%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> British Virgin Islands </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 8.02621%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Tropical Transportes Ipiranga Ltda. <span style="font-size: 7pt;"><sup>(<span>5</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga Imobili&#225;ria Ltda. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga Log&#237;stica Ltda. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 9.35pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Oil Trading Importadora e Exportadora Ltda. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Iconic Lubrificantes S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 56 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 56 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 56 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 12px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Integra Frotas Ltda. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Irup&#233; Biocombust&#237;veis Ltda</span><span style="font-size: 7pt;"><sup><span style="line-height: inherit;">.(19)</span></sup></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 41.0319%;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Ipiranga Trading North America LLC. <span style="font-size: 7pt;"><sup>(<span>6</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 8.02621%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> United States </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 8.02621%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga Trading Middle East DMCC </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Dubai </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Ipiranga Trading Europe S.A. <span style="font-size: 7pt;"><sup>(<span>6</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Switzerland </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Ea&#237; Clube Automobilista S.A.<span style="font-size: 7pt;"><sup>(<span>7</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 20.8pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Abastece A&#237; Participa&#231;&#245;es S.A. </span><span style="font-size: 7pt; line-height: inherit;"><sup>(20)</sup></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 39.2pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Abastece A&#237; Clube Automobilista Institui&#231;&#227;o de Pagamento Ltda. </span><span style="font-size: 7pt; line-height: inherit;"><sup>(21)</sup></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Companhia Ultragaz S.A. <span style="font-size: 7pt;"><sup>(<span>8</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 99 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 99 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 99 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 7.35pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Ultragaz Participa&#231;&#245;es Ltda. <span style="font-size: 7pt;"><sup>(<span>8</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultragaz Energia Ltda. and subsidiaries </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Nova Paran&#225; Distribuidora de G&#225;s Ltda. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Uting&#225;s Armazenadora S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 57 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 57 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 57 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Bahiana Distribuidora de G&#225;s Ltda. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 41.0319%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">LPG International Inc.<span style="font-size: 7pt;"><sup>(<span>12</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 8.02621%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Cayman Islands </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 8.02621%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; font-size: 9pt; width: 41.0319%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"> NEOg&#225;s do Brasil G&#225;s Natural Comprimido S.A. </span><span style="font-size: 7pt; line-height: inherit;"><sup>(22)</sup></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; font-size: 9pt; width: 8.02621%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; font-size: 9pt; width: 8.02621%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 1.46843%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 1.46413%;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 5.97871%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; font-size: 9pt; width: 1.47493%;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Wtz Participa&#231;&#245;es S.A.<span style="font-size: 7pt;"><sup>(<span>9</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 52 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> UVC Investimentos Ltda. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">Ultrapar Log&#237;stica Ltda.</span><span style="line-height: inherit;"><span style="font-size: 7pt;"><sup>(<span>10</span>)</sup></span></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultracargo </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultracargo Log&#237;stica S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultracargo </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 99 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 99 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 99 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 20.8pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultracargo Solu&#231;&#245;es Log&#237;sticas S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%; text-align: center;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultracargo </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 11px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">TEAS &#8211; Terminal Exportador de &#193;lcool de Santos Ltda.</span> <span style="font-size: 7pt;"><sup>(<span>13</span>)</sup></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px; font-size: 9pt; width: 8.02621%; text-align: center;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultracargo </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Ultrapar International S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Luxembourg </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-right: none; border-left: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-right: none; border-left: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">Imaven Im&#243;veis Ltda.</span></span></span></span></span><span style="line-height: inherit;"><span style="font-size: 7pt;"><sup>(<span>14</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">UVC - Fundo de investimento em participa&#231;&#245;es multiestrat&#233;gia investimento no exterior <span style="font-size: 7pt;"><sup>(<span>11</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #cceeff; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 41.0319%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> SERMA - Ass. dos usu&#225;rios equip. proc. de dados </span><span style="font-size: 7pt; line-height: inherit;"><sup>(16)</sup></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; font-size: 9pt; width: 8.02621%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 0.982801%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46843%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.46413%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 5.97871%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1.47493%;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><br/></p>
<div>
 </div>
<div style="border-right: none; border-left: none;">
<table style="width: 100%; margin-left: 0.1px; height: 369px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr style="height: 10px;">
<td style="width: 3%; height: 10px; vertical-align: top;" valign="top"><span style="font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; vertical-align: super; line-height: inherit;">(<span>1</span>)</span><sup><sup> </sup></sup></span></td>
<td style="width: 97%; height: 10px; text-align: justify; vertical-align: top;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">Company established on May 16, 2024 with the purpose of holding interests in other companies.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<span>2</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">On January 2, 2024, direct subsidiary </span>Ipiranga Produtos<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> de </span>Petr&#243;leo<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> S.A. (&#8220;</span>Ipiranga<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">&#8221;) became controlled by </span>Ultrapar Mobilidade Ltda<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<span>3</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">Company </span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">(&#8220;Krispy Kreme&#8221;) </span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">established on March 8, 2024, engaged in the wholesale and retail trade, manufacture, storage, export and import of natural and industrialized food products.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">(<span>4</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">On August 1, 2024, the merger of the company into </span>Ipiranga<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> was approved.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<span>5</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">On November 1, 2024, the merger of the company into </span>Ipiranga<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> was approved.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<span>6</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">Companies established as Ipiranga&#8217;s subsidiaries in foreign countries</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;"> (Ipiranga Trading North America LLC. established on February 28, 2024, Ipiranga Trading Europe S.A. established on January 12, 2024)</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">, engaged in the commercial representation, trade, export and import of fuels.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<span>7</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">On January 2, 2024, direct subsidiary </span>Ea&#237; Clube Automobilista<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> S.A. started to be controlled by </span>Ipiranga<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<span>8</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">On August 1, 2024, the merger of the company into Companhia Ultragaz S.A. was approved</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">, which became direct </span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">subsidiary</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;"> of Ultrapar</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<span>9</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">On September 1, 2024, the Company, through its subsidiary </span>Companhia Ultragaz<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> S.A., acquired a 52% interest in </span>Wtz Participa&#231;&#245;es<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> S.A.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">(<span>10</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">On February 19, 2024, the name of subsidiary </span>Ultracargo Opera&#231;&#245;es Log&#237;sticas<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> e </span>Participa&#231;&#245;es Ltda<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">. was changed to </span>Ultrapar Log&#237;stica Ltda<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">(<span>1</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;"><span>1</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">On Dece</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">mber <span>10</span>, <span>2024</span>, the Company transferred your total shares to UVC Investimentos Ltda.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">(<span>1</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;"><span>2</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">On June 30, 2023, the Company was dissolved.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">(<span>1</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;"><span>3</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">On April 27, 2023, the Company was merged into </span>Ultracargo Log&#237;stica<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> S.A.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">(<span>1</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;"><span>4</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">On April 28, 2023, </span>Imaven Im&#243;veis Ltda<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">. (&#8220;</span>Imaven<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">&#8221;), performed a partial spin-off of its assets, and the spin-off part was merged into the equity of the subsidiary </span>Ipiranga Produtos<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> de </span>Petr&#243;leo<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> S.A. On May 1, </span>Imaven<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;"> became directly controlled by </span>Ultrapar<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">. The entire transaction was carried out under common control.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(<span>15</span>)</span></td>
<td style="height: 16px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">Company established on February 28, 2023, with the purpose of holding interests in other companies. On October 2, 2023, the name of subsidiary </span>Ultrapar Empreendimentos Ltda<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">. was changed to </span>Ultrapar Mobilidade Ltda<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">.</span></span></td> </tr>
<tr style="height: 14px;">
<td style="vertical-align: top; height: 14px;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(16</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">)</span></td>
<td style="text-align: justify; vertical-align: top; height: 14px;" valign="top"><span><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; line-height: inherit;"> On December 28, 2023, the
Company was dissolved. </span></span></td> </tr>
<tr style="height: 14px;">
<td style="vertical-align: top; height: 14px;" valign="top"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">(17</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">)</span></td>
<td style="text-align: justify; vertical-align: top; height: 14px;" valign="top"><span><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; line-height: inherit;"> On October 2, 2023, Centro de
Conveni&#234;ncias Millennium Ltda. and subsidiaries became directly controlled by Ultrapar
Mobilidade Ltda. </span></span></td> </tr>
<tr style="height: 29px;">
<td style="vertical-align: top; height: 29px;" valign="top"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">(18</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">)</span></td>
<td style="text-align: justify; vertical-align: top; height: 29px;" valign="top"><span><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; line-height: inherit;"> On May 21, 2023, the Company,
through its subsidiary Ultrapar Empreendimentos Ltda., signed an agreement for
the acquisition of a 60% interest in Serra Diesel Transportador Revendedor
Retalhista Ltda. The closing of the transaction occurred on September 1, 2023. </span></span></td> </tr>
<tr style="height: 16px;">
<td style="vertical-align: top; height: 16px;" valign="top"><span style="font-weight: bold; line-height: inherit;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">(19)</span></span><br/></td>
<td style="text-align: justify; vertical-align: top; height: 16px;" valign="top">
<p style="margin: 0in; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: black; line-height: inherit;"><span>Company established on October 2, 2023, engaged in the production,
sale, import and export of biofuels, fertilizers and other agricultural inputs.</span></span></p> </td> </tr>
<tr style="height: 16px;">
<td style="vertical-align: top; height: 16px;" valign="top"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">(20</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">)</span></td>
<td style="text-align: justify; vertical-align: top; height: 16px;" valign="top">
<p style="margin: 0in; text-align: left; font-size: 11pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: black; line-height: inherit;"><span>Company established on June 1, 2023 with the purpose of holding
interests in other companies.</span></span></p> </td> </tr>
<tr style="height: 14px;">
<td style="vertical-align: top; height: 14px;" valign="top"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">(21</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">)</span></td>
<td style="text-align: justify; vertical-align: top; height: 14px;" valign="top"><span><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; line-height: inherit;"> On April 13, 2023, the company
was acquired by Ea&#237; Clube Automobilista S.A. The acquisition was made at book
value. </span></span></td> </tr>
<tr style="height: 32px;">
<td style="vertical-align: top; height: 32px;" valign="top"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">(22</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; font-family: 'times new roman', times; font-size: 13.3333px; float: none; line-height: inherit; display: inline !important;">)</span></td>
<td style="text-align: justify; vertical-align: top; height: 32px;" valign="top">
<p style="margin: 0in; font-size: 11pt; font-family: 'Times New Roman', serif; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: black; line-height: inherit;"><span>On November 21, 2022, Ultrapar through its subsidiary Companhia
Ultragaz S.A., signed an agreement for the acquisition of all shares of NEOg&#225;s
do Brasil G&#225;s Natural Comprimido S.A. The closing of the acquisition occurred
on February 1, 2023.</span></span></p> </td> </tr> </tbody> </table> </div> <span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of subsidiaries. [Refer: Total for all subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2024-01-01<br> -Paragraph 17<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_17_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2024-01-01<br> -Paragraph 16<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_16_b&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2024-01-01<br> -Paragraph B4<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_B4_a&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2024-03-27<br></p></div>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Cash and cash equivalents, financial investments, derivative financial instruments and other financial assets (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsAndOtherFinancialAssetsAbstract', window );"><strong>Cash and cash equivalents, financial investments, derivative financial instruments and other financial assets</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory', window );">Cash and cash equivalents</a></td>
<td class="text">
<table cellpadding="0" cellspacing="0" style="height: 100px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 77%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Cash and banks </span></p> </td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="vertical-align: bottom; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> In local currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 211,047 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 77,488 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> In foreign currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 194,793 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 47,664 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Financial investments considered cash equivalents </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> In local currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Securities and funds in local currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,286,152 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 5,476,726 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> In foreign currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Securities and funds in foreign currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 379,601 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 323,810 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total cash and cash equivalents </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,071,593 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 5,925,688 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> </tbody> </table> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_ScheduleOfFinancialInvestmentsAndHedgeDerivativeFinancialInstrumentsTableTextBlock', window );">Financial investments</a></td>
<td class="text">
<div id="t_ft_MJAE8FJ9E800000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 126px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Financial investments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> In local currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Securities and funds in local currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,271,979 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 82,592 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> In foreign currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Securities and funds in foreign currency (a) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,854,126 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Derivative financial instruments and other financial assets at fair value (b) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 833,986 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,162,283 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total financial investments and derivative financial instruments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 5,960,091 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,244,875 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,553,011 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 292,934 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 3,407,080 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 951,941 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt 0pt 14.2pt; break-after: avoid; break-inside: avoid; text-indent: -14.2pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(a)<span style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: normal;"> </span><span>Refers substantially to financial investments made by subsidiary Ultrapar International in Time Deposits.</span></span></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: -14.2pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(b)<span style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: normal;"> </span><span>Accumulated gains, net of withholding income tax (see Note <span style="border-left: none; border-right: none;">25</span>.f).</span></span></p> <span></span>
</td>
</tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of cash and cash equivalents. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of  financial investments and hedge derivative financial instruments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Trade receivables, reseller financing and other receivables (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory', window );">Summary of Movements in the allowance for loss allowance for expected credit losses</a></td>
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<p style="margin: 0pt 0pt 10pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Movements in the allowance for expected credit losses of trade receivables and reseller financing are as follows:</span></p>
<div id="t_ft_FG9RZRFAS000000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 232px; width: 99.835%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Trade receivables </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Reseller financing </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;"><br/></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 65%;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">Balance as of December 31, 2021</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">374,355</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">185,278</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">559,633</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">Additions</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">143,828</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: right; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">45,987</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: right; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">189,815</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: right; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">Reversals</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(130,385</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: left; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(52,695</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: left; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; background-color: #cceeff;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(183,080</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; text-align: left;">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">Write-offs</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(65,045</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; text-align: left; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(5,283</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; text-align: left; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; text-align: right; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; line-height: inherit; display: inline !important;">(70,328</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; text-align: left;">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 322,753 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 173,287 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 496,040 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 115,090 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 28,472 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 143,562 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Reversals </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (76,762 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (59,436 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (136,198 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (26,614 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,940 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (34,554 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 334,467 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 134,383 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 468,850 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 114,691 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 31,931 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 146,622 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Reversals </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (85,549 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (37,126 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (122,675 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td> </tr>
<tr style="height: 18px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 18px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 18px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (17,874 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 18px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 18px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 18px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,329 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 18px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 18px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 18px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (20,203 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 18px;">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 345,735 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 126,859 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 472,594 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr> </tbody> </table> </div> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfCreditRiskExposureExplanatory', window );">Credit risk exposure</a></td>
<td class="text">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below presents information on credit risk exposure, resulting from balances of trade receivables and reseller financing.</span></p>
<div id="t_ft_GE50CZY0W000000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 150px;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="7" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="7" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr>
<tr style="height: 21px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 21px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average rate of expected losses </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Gross accounting balance </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Allowance for expected credit losses </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average rate of expected losses </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Gross accounting balance </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Allowance for expected credit losses </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 29%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 0.55% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,289,620 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 23,517 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 0.55% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,412,278 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 24,131 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Less than <span>30</span> days </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3.14% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 141,756 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,452 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7.62% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 61,451 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,683 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>31</span>-<span>60</span> days </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 20.26% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 40,402 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,186 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4.92% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 57,753 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,841 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>61</span>-<span>90</span> days </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14.96% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,360 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,093 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15.29% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 23,845 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,646 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>91</span>-<span>180</span> days </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 30.37% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 57,289 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 17,396 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 32.91% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 47,430 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15,609 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> More than <span>180</span> days </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 54.49% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 761,460 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 414,950 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 48.79% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 856,602 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 417,940 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,317,887 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 472,594 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,459,359 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 468,850 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> </tbody> </table> </div> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_DisclosureOfOtherReceivablesExplanatory', window );">Breakdown of other receivables</a></td>
<td class="text">
<div style="border-left: none; border-right: none;">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 100px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 77%; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Sale of subsidiary Oxiteno: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Receivables from sale of investments (i) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 726,195 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (-) Adjustment to present value - sale of investments (ii) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (10,318 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Sale of subsidiary Extrafarma: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Receivables from sale of investments (iii) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 208,487 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total - current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; height: 10px; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; height: 10px; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 924,364 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"> <br/></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(i)&#160; &#160;<span><span style="border-right: none; border-left: none;">The balance related to the final installment of the sale of Oxiteno was received in April 2024.</span></span></span></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(ii)&#160;&#160;<span><span style="border-right: none; border-left: none;">The consideration for the sale of Oxiteno was recognized at present value using a discount rate of 6.17%, and fully paid up in April 2024.</span></span></span></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(iii) <span><span style="border-right: none; border-left: none;">Balance related to the second installment of the Extrafarma sale transaction, received in August 2024, monetarily adjusted by the CDI rate + 0.5% p.a.</span></span></span></p> <span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_TradeReceivablesMember', window );">Trade receivables [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_DisclosureOfTradeReceivablesCompositionExplanatory', window );">Trade receivables</a></td>
<td class="text">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 171px; width: 100%;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 77%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> Trade receivables of customers </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Domestic customers </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,885,310 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,183,696 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Domestic customers - related parties (see Note <span>8</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 301 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 78 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign customers </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 19,032 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 82,634 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign customers - related parties (see Note <span>8</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,361 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,065 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,913,004 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,269,473 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (-) Allowance for expected credit losses </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (345,735 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (334,467 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total - trade receivables of customers </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,567,269 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 18px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,935,006 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 18px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,540,266 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,921,790 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,003 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,216 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr> </tbody> </table> <span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ugp_ResellerFinancingIpirangaMember', window );">Reseller Financing Ipiranga [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_DisclosureOfResellerFinancingCompositionExplanatory', window );">Composition of reseller financing</a></td>
<td class="text">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 96px; width: 100%;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Reseller financing </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 77%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Reseller financing &#8211; Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,404,883 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,189,886 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; width: 1%;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (-) Allowance for expected credit losses </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (126,859 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (134,383 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total &#8211; reseller financing </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,278,024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,055,503 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 511,979 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 504,862 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 766,045 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 550,641 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> <span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfCreditRiskExposureExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of the credit risk exposure. Credit risk exposure is the credit risk inherent in an entity&#8217;s financial assets and commitments to extend credit.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 35M<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_35M&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfCreditRiskExposureExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of detailed information about financial instruments. [Refer: Classes of financial instruments [domain]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 31<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_31&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 7<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2024-03-27<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 35K<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_35K&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>dtr-2022:textBlockItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFinancialAssetsLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_DisclosureOfOtherReceivablesExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of other receivables.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_DisclosureOfOtherReceivablesExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_DisclosureOfResellerFinancingCompositionExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of reseller financing composition.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_DisclosureOfResellerFinancingCompositionExplanatory</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_DisclosureOfTradeReceivablesCompositionExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of trade receivables composition.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_DisclosureOfTradeReceivablesCompositionExplanatory</td>
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<td>dtr-types:textBlockItemType</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_TradeReceivablesMember</td>
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<tr>
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<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ugp_ResellerFinancingIpirangaMember</td>
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<tr>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Inventories (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfInventoriesAbstract', window );"><strong>Inventories</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="text">
<div style="border-left: none; border-right: none;">
<table cellpadding="0" cellspacing="0" style="height: 116px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 77%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Fuels, lubricants and greases </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,009,100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,367,094 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Raw materials </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 373,544 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 282,197 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">Purchase for future delivery <span style="font-size: 8pt;"><sup>(1)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 255,001 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 386,281 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Consumable materials and other items for resale </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 129,539 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 121,537 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Liquefied petroleum gas &#8211; LPG </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 128,098 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 112,100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Properties for resale </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 21,794 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 22,222 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,917,076 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,291,431 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> </div> <span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">(<span>1</span>) </span><span><span style="line-height: inherit;">Refers substantially to ethanol, biodiesel and advances for fuel acquisition.</span></span></span><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_DisclosureOfProvisionForLossesExplanatory', window );">Movements in the provision for inventory losses</a></td>
<td class="text">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Movements in the provision for inventory losses are as follows:</span></p>
<div style="border-left: none; border-right: none;">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 152px;" width="100%">
<tbody>
<tr style="background-color: #cceeff; height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 89%; background-color: #cceeff; height: 15px; vertical-align: bottom;" valign="bottom"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Balance as of December 31, 2021</span></td>
<td style="padding-left: 0px; padding-right: 0px; text-align: right; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">13,078</span><br/></td>
<td style="padding-left: 0px; padding-right: 0px; text-align: right; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Addition to provision for adjustment to realizable value</span></td>
<td style="padding-left: 0px; padding-right: 0px; text-align: right; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">10,028</span></td>
<td style="padding-left: 0px; padding-right: 0px; text-align: right; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="background-color: #cceeff; height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 15px; vertical-align: bottom;" valign="bottom"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Reversal of provision for obsolescence and other losses</span></td>
<td style="padding-left: 0px; padding-right: 0px; text-align: right; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(1,180</span></td>
<td style="padding: 0px 0px 0.5px; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; height: 15px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Balance as of December 31, 2022</span></td>
<td style="padding-left: 0px; padding-right: 0px; text-align: right; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">21,926</span></td>
<td style="padding-left: 0px; padding-right: 0px; text-align: right; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Reversal of provision for obsolescence and other losses </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (8,301 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Reversal of provision for adjustment to realizable value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,594 </span></p> </td>
<td style="padding: 0px 0px 0.5px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Balance as of December 31, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 7,031 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Addition to provision for obsolescence and other losses </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,680 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Reversal of provision for adjustment to realizable value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,791 </span></p> </td>
<td style="padding: 0px 0px 0.5px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Balance as of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 3,920 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div> <span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfInventoriesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfInventoriesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_DisclosureOfInventoriesCompositionExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of inventories composition.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_DisclosureOfInventoriesCompositionExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_DisclosureOfProvisionForLossesExplanatory">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of provision for losses.</p></div>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ugp_</td>
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<td>dtr-types:textBlockItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Recoverable taxes (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_DisclosureOfTaxesToRecoverAbstract', window );"><strong>Recoverable taxes</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_SummaryOfRecoverableTaxesTableTextBlock', window );">Recoverable taxes</a></td>
<td class="text">
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">Recoverable taxes are substantially represented by credits of Tax on Goods and Services (&#8220;ICMS&#8221;, the Brazilian VAT), Contribution for Social Security Financing (&#8220;COFINS&#8221;)</span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">,</span><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> and Social Integration Program (&#8220;PIS&#8221;).</span></p>
<div id="t_ft_IE9T6FENXS00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"><br/></td> </tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 77%;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> ICMS - State VAT (a<span>.1</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 1,416,708 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 1,365,128 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> PIS and COFINS - Federal VAT (a<span>.2</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 3,172,417 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 2,761,262 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> 101,152 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 77,249 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 4,690,277 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 4,203,639 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 2,040,008 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 1,462,269 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 2,650,269 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 2,741,370 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> </div> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_ScheduleOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTableTextBlock', window );">Schedule of estimated recovery of ICMS credits</a></td>
<td class="text">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 88px; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 89%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Up to <span>1</span> year </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 513,494 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> From <span>1</span> to <span>2</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 472,413 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> From <span>2</span> to <span>3</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 246,132 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> From <span>3</span> to <span>5</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 184,669 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total recoverable ICMS, net of provision </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,416,708 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr> </tbody> </table> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_DisclosureOfEstimatedRecoveryOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityTableTextBlock', window );">Estimated recovery of PIS and COFINS credits</a></td>
<td class="text">
<p style="margin: 0pt; text-align: justify;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">The Management estimates the realization of these credits within up to 5 years from the constitution date, as follows:</span></p>
<p style="margin: 0pt; text-align: justify;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"><br/></span></p>
<table cellpadding="0" cellspacing="0" style="font-size: 10pt; border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; width: 100%; height: 90px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 89%; height: 16px;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Up to <span>1</span> year </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: middle; width: 10%; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 1,434,055 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> From <span>1</span> to <span>2</span> years </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 746,577 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> From <span>2</span> to <span>3</span> years </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 421,674 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> From <span>3</span> to <span>5</span> years </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 570,111 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Total recoverable PIS and COFINS </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,172,417 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr> </tbody> </table> <span></span>
</td>
</tr>
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<div style="display: none;">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of estimated recovery of Program of Social Integration (PIS) and Contribution for the Financing of Social Security (COFINS) credits.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_DisclosureOfEstimatedRecoveryOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityTableTextBlock</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_DisclosureOfTaxesToRecoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_ScheduleOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of estimated recovery of VAT on Sales and certain Services (ICMS) credits.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_ScheduleOfEstimatedRecoveryOfVATOnSalesAndCertainServicesCreditsTableTextBlock</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_SummaryOfRecoverableTaxesTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of recoverable taxes.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_SummaryOfRecoverableTaxesTableTextBlock</td>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Related Parties (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
<tr class="re">
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<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory', window );">Subsidiaries and Other Related Parties</a></td>
<td class="text">
<div id="t_ft_7YMOYMCN0W00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 300px; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Assets </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Liabilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="7" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-size: 8pt; font-family: 'times new roman', times; font-weight: bold;"> Operating result - Sales/(Purchases) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 8pt; font-family: 'times new roman', times; font-weight: bold;"> 12/31/2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 31%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Transactions with subsidiaries and joint ventures </span></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Transactions with joint ventures </span></p> </td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Refinaria de Petr&#243;leo Riograndense S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9,846 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 29,278 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (457,885 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (510,510 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (336,781 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Latitude Log&#237;stica Portu&#225;ria S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,862 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11,393 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 20 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;">-</p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Navegantes Log&#237;stica Portu&#225;ria S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 29,406 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,703 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;">-</p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,943 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,874 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,875 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,917 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 851 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 571 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;">784</p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Transactions with associates </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Hidrovias do Brasil S.A. </span></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 416 </span></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; text-align: right; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="vertical-align: bottom; text-align: right; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: right; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: right; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;">-</p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: right; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Transactions with other related parties </span></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="vertical-align: bottom; height: 16px; background-color: #cceeff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt; line-height: 1.1;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Chevron </span><span style="line-height: inherit;">Oronite</span> <span style="line-height: inherit;">Brasil</span><span style="line-height: inherit;"> Ltda.</span><span style="line-height: inherit;"> <span style="font-size: 8pt;"><sup>(<span>1</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,434 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 53,466 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (195,925 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (175,053 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (162,006 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="line-height: inherit;">Chevron Products Company <span style="font-size: 8pt;"><sup>(<span>1</span>)</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 159,432 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 63,263 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (745,812 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (370,137 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (699,154 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,760 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,065 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,449 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,626 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,718 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (13,157 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,421 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 57,387 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 35,035 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 187,036 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 150,570 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (1,402,489 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (1,068,286 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,195,736 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade receivables (Note <span>5</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,662 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,143 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;">-</p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other receivables </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 416 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;">-</p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade payables (Note <span>16</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 183,520 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 147,452 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;">-</p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Related parties </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 48,309 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 31,892 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,516 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,118 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span>-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Sales and services provided </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 21,125 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14,779 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 16,090 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Purchases </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,423,614 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,083,065 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,211,826 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr> </tbody> </table> </div>
<div><br/></div>
<div><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="line-height: inherit;"><span style="font-size: 8pt;"><sup>(<span>1</span>)</sup></span><span>Non-controlling shareholders and other related parties of Iconic.</span></span></span></div> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_SummaryOfCompensationForKeyExecutivesTableTextBlock', window );">Expenses for Compensation of its Key Executives</a></td>
<td class="text">
<div style="line-height: 1.2;">
<p style="margin: 0pt 0pt 6pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The expenses for compensation of its key executives (Company&#8217;s directors and executive officers) are shown below: </span> </p>
<div id="t_ft_YUMS4XOXR400000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 66px; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 65%; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Short-term compensation </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 51,814 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 54,396 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 62,285 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Stock compensation </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 62,952 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 35,165 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 18,424 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Post-employment benefits </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,767 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,206 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,035 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Termination benefits </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,007 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 119,533 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 94,774 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 84,744 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr> </tbody> </table> </div> </div> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_ScheduleOfRestrictedAndPerformanceStockProgramsTableTextBlock', window );">Restricted Stock Program</a></td>
<td class="text">
<p style="margin: 0pt 0pt 12pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below summarizes the restricted and performance stock programs under the <span>2017</span> Plan and the <span>2023</span> Plan:</span></p>
<div style="border-left: none; border-right: none;">
<table cellpadding="0" cellspacing="0" style="height: 299px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">
<tbody>
<tr style="height: 30px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 30px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Program </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 30px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Grant date </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Number of shares granted (Quantity) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Vesting period </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 8pt; font-family: 'times new roman', times; font-weight: bold;"> Fair value of shares on the grant date (in R$) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total exercisable grant costs, including taxes (in R$ thousands) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Accumulated recognized exercisable grant costs (in R$ thousands) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Unrecognized exercisable grant costs (in R$ thousands) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 17%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> September 2, 2019 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 240,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2025 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 16.42 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,774 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 750 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> April 1, 2020 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 39,084 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2025 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12.53 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,124 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,074 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 50 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Performance </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> April 1, 2020 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 55,074 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2025 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12.53 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,324 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,268 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 56 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> September 16, 2020 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 140,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2026 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 23.03 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,464 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,946 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,518 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> September 22, 2021 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,000,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2027 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14.17 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 24,093 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (13,339 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,754 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> April 6, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 634,165 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2025 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14.16 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 16,906 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (15,508 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,398 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Performance </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> April 6, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,007,324 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2025 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14.16 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 26,829 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (24,802 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,027 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> September 21, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,640,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2032 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12.98 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 64,048 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (14,945 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 49,103 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> December 7, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,500,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2032 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13.47 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 37,711 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,860 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 29,851 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> April 20, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 311,324 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2025 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14.50 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,472 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,538 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 934 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> April 20, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,146,194 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2026 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14.50 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 31,039 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (18,129 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,910 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Performance </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> April 20, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,156,903 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2026 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14.50 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 31,320 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (18,410 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,910 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> September 20, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,800,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2033 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 18.75 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 132,784 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (17,712 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 115,072 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> April 17, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,495,953 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2027 to 2029</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 26.94 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 177,651 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (31,656 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 145,995 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> June 19, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 60,683 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2027 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 21.47 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,468 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (411 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,057 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Restricted </span></p> </td>
<td style="padding: 0px 0px 0px 4px; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> October 1, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,295,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2034 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 23.10 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 55,785 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,395 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 54,390 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 12px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 12px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 18,521,704 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 622,792 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (183,017 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 439,775 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 12px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> </div> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_DisclosureOfSummarizedChangesOfNumberOfRestrictedAndPerformanceSharesGrantedExplanatory', window );">Summarized Changes of Number of Restricted and Performance Shares Granted</a></td>
<td class="text">
<div><br/>
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 206px;" width="100%">
<tbody>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 89%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; font-weight: bold;"> Number of shares as of December 31, 2021 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 4,415,294 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Shares granted during the year </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,702,027 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cancellation of granted shares due to termination of executive employment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (934,310 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Shares transferred (vesting) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (484,651 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Reclassification from assets held for sale </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 236,344 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Number of shares as of December 31, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 8,934,704 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Shares granted during the year </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,930,871 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cancellation of granted shares due to termination of executive employment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (583,180 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Shares transferred (vesting) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (447,800 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Number of shares as of December 31, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 14,834,595 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Shares granted during the year </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,061,396 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cancellation of granted shares due to termination of executive employment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (139,105 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Shares transferred (vesting) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,235,182 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Number of shares as of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 18,521,704 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td> </tr> </tbody> </table> </div> <span></span>
</td>
</tr>
</table>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of transactions between the entity and its related parties. [Refer: Total for all related parties [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2024-01-01<br> -Paragraph 18<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=24&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_18&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of changes in number of restricted and performance shares granted.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of restricted and performance stock programs.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of compensation for key executives.</p></div>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income and Social Contribution Taxes (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="text">&#160;<span></span>
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<div id="t_ft_Z3UEFPLDK000000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 403px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Assets - deferred income and social contribution taxes on: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for losses with assets </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 41,467 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 46,863 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provisions for tax, civil and labor risks </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 188,495 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 326,662 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for post-employment benefits </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 76,166 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 90,451 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Provision for differences between cash and accrual basis <span style="font-size: 8pt;"><sup>(i)</sup></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 19,483 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 35,989 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,317 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,976 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for asset retirement obligation </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,472 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14,759 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Operating provisions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 60,120 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 299,609 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for profit sharing and bonus </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 76,880 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 91,883 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leases payable </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 499,988 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 518,138 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Change in fair value of subscription warrants </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,566 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for deferred revenue </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 450 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 932 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other temporary differences </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 115,753 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 104,319 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Tax losses and negative basis for social contribution carryforwards </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 510,780 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 396,601 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,613,371 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,937,748 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Offsetting liability balance </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (676,430 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (682,614 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net balances presented in assets </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 936,941 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,255,134 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Liabilities - Deferred income and social contribution taxes on: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leases payable </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 406,173 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 432,908 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for differences between cash and accrual basis (i) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 194,846 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 81,293 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Change in fair value of subscription warrants </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,611 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill/negative goodwill on investments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 28,771 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 28,717 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Business combination - fair value of assets </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 52,781 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 54,921 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other temporary differences </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 119,073 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 84,981 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 809,255 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 682,820 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Offsetting asset balance </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (676,430 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (682,614 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net balances presented in liabilities </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 132,825 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 206 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">(i)</span> <span>Refers mainly to the income and social contribution taxes on foreign exchange variation of the derivative instruments.</span></span></p> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_SummaryOfChangesInBalanceOfDeferredTaxesTableTextBlock', window );">Summary of Changes in Balances of Deferred Taxes</a></td>
<td class="text">

<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Changes in the net balance of deferred IRPJ and CSLL are as follows:</span></p>
<div id="t_ft_ARIUJ9FEAO00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 205px;" width="100%">
<tbody>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 89%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> Balance as of December 31, 2021 (net) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 571,473 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Deferred IRPJ and CSLL recognized in profit (loss) for the year </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 296,459 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Deferred IRPJ and CSLL recognized in income for the year from discontinued operation </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 31,138 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Deferred IRPJ and CSLL recognized in other comprehensive income </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,134 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2022 (net) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 897,936 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Deferred IRPJ and CSLL recognized in profit (loss) for the year </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 335,375 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Deferred IRPJ and CSLL recognized in other comprehensive income </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 21,474 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 143 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2023 (net) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,254,928 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Deferred IRPJ and CSLL recognized in profit (loss) for the year </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (360,953 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Deferred IRPJ and CSLL recognized on company acquisition </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (71,815 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">)</td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Deferred IRPJ and CSLL recognized in other comprehensive income </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (18,178 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 134 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2024 (net) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 804,116 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"></td> </tr> </tbody> </table> </div> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_SummaryOfTaxReconciliationTableTextBlock', window );">Summary of Reconciliation of Taxes</a></td>
<td class="text">
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">IRPJ and CSLL are reconciled to the statutory tax rates as follows:</span></p>
<div id="t_ft_5MC41O90CG00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 180px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 65%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Income before taxes </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,011,517 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,578,695 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,879,725 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Statutory tax rates - % </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 34 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 34 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 34 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Income and social contribution taxes at the statutory tax rates </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,363,916 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,216,756 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (639,107 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Adjustment to the statutory income and social contribution taxes: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Nondeductible expenses </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (14,729 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (11,535 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (11,006 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Nontaxable revenues <span style="font-size: 8pt;"><sup>(i)</sup></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 26,755 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 114,981 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 23,149 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Adjustment to estimated income </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,807 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,173 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,136 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Unrecorded deferred income and social contribution tax carryforwards </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (205,794 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (36,227 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,602 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Share of profit (loss) of subsidiaries, joint ventures and associates </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (44,090 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,049 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,141 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest on capital between subsidiaries </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 35,901 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 153,004 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other adjustments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (15,861 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (26,666 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 29,327 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Income and social contribution taxes before tax incentives </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,579,927 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,169,981 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (434,958 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Tax incentives &#8211; SUDENE <span style="font-size: 8pt;"><sup>(ii)</sup></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 94,310 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 109,039 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 93,444 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Income and social contribution taxes in the statement of income </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,485,617 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,060,942 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (341,514 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,124,664 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,396,317 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (637,973 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Deferred </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (360,953 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 335,375 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 296,459 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Effective IRPJ and CSLL rates - % </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 37.0 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 29.6 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (18.2 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">(i) </span><span>Consist of gains and income not taxable &#8203;under applicable tax legislation, such as reimbursement of taxes, tax incentives, installments and reversal of certain provisions, as well as recovery of tax credits and amounts related to non-taxation of the income and social contribution taxes on the monetary variation (SELIC) in the repetition of undue tax lawsuits.</span></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">(ii) </span><span>Certain subsidiaries have the benefit of income tax reduction for belonging to the sectors of the economy considered priority for the subsidized areas, with a 75% decrease in the income tax basis.</span></span></p> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_DisclosureOfDeferredIncomeAndSocialContributionTaxAssetsExplanatoryTextBlock', window );">Summary of deferred income and social contribution tax assets</a></td>
<td class="text">
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The balances comprising deferred taxes related to income tax loss carryforwards and negative basis of social contribution are as follows:</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_RYO4J6BSK000000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 116px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 76.8546%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 76.8546%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Oil Trading </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 9.94065%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 77,155 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1.48368%; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1.03858%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 9.94065%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 84,372 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1.03858%; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 76.8546%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultrapar </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 51,339 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 77,453 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 76.8546%;">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Abastece a&#237; Clube </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1.03858%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 91,861 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1.03858%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 76.8546%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 300,409 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 97,071 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 76.8546%;">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Ultracargo Solu&#231;&#245;es Log&#237;stica </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 33,553 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 30,652 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 76.8546%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 48,324 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 9.94065%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15,192 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.03858%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 76.8546%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 9.94065%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 510,780 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1.48368%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1.03858%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 9.94065%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 396,601 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1.03858%;"></td> </tr> </tbody> </table> </div> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_DisclosureOfForeignSubsidiariesHaveTaxLossCarryforwardsTableTextBlock', window );">Schedule of foreign subsidiaries have tax loss carryforwards</a></td>
<td class="text">
<div style="border-left: none; border-right: none;">
<p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The balances which are not constituted of deferred taxes related to income tax loss carryforwards and negative basis of social contribution are as follows:</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<div id="t_ft_VMEL24IG4G00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 128px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 76.9345%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 9.97024%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 9.97024%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.4881%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 76.9345%; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Neog&#225;s </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 9.97024%; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 45,286 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1.04167%; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1.04167%; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 9.97024%; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 45,333 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1.4881%; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 76.9345%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Integra Frotas </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 18,927 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,335 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.4881%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 76.9345%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Stella </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15,686 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,634 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.4881%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 76.9345%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Millennium </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11,650 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,539 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.4881%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 76.9345%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Abastece a&#237; <span style="font-size: 8pt;"><sup>1</sup></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 126,900 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.4881%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 76.9345%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,374 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 9.97024%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 461 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.4881%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 76.9345%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 9.97024%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 224,823 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.04167%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 9.97024%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 76,302 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.4881%;"></td> </tr> </tbody> </table> </div> </div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
<p style="margin: 0pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-size: 8pt;"><sup>1</sup></span> <span>As of December 31, 2024, the Company reversed the deferred taxes recorded on tax loss carryforwards related to income tax (IRPJ) and social contribution (CSLL) of the subsidiary, based on projections of future realization.</span></span></p> <span></span>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of deferred taxes. [Refer: Deferred tax liabilities; Deferred tax assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of deferred taxes related to income tax loss carryforwards and negative basis of social contribution base.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of foreign subsidiaries have tax loss carryforwards.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Income and Social Contribution Taxes</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of changes in the net balance of deferred taxes.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of tax reconciliation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Contractual assets with customers - exclusivity rights (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="text">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Changes are shown below:</span></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#160;</span></p>
<div style="border-left: none; border-right: none;">
<table cellpadding="0" cellspacing="0" style="height: 219px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%">
<tbody>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 89%; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> Balance as of December 31, 2021 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 10%; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2,079,226 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 637,502 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Amortization </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (504,907 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Transfers </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; height: 16px; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,230 </span></p> </td>
<td style="padding: 0px 0px 0.5px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2,205,591 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 664,363 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Amortization </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; background-color: rgb(204, 238, 255); height: 16px; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (607,446 </span></p> </td>
<td style="padding: 0px 0px 0.5px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2,262,508 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 424,477 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Amortization </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (555,083 </span></p> </td>
<td style="padding: 0px 0px 0.5px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: rgb(204, 238, 255); height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: rgb(204, 238, 255); height: 17px; border-top-color: rgb(0, 0, 0) !important; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2,131,902 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 658,571 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,473,331 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div> <span></span>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The explanation of the significant changes in the contract assets and the contract liabilities. [Refer: Contract assets; Contract liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 15<br> -IssueDate 2024-01-01<br> -Paragraph 118<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=15&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_118&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Investments in subsidiaries, joint ventures and associates (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InvestmentsAccountedForUsingEquityMethodAbstract', window );"><strong>Investments in subsidiaries, joint ventures and associates</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInterestsInOtherEntitiesExplanatory', window );">Schedule of the positions of equity and income (loss) for the year</a></td>
<td class="text">
<div>
<table style="font-size: 10pt; width: 100%; margin: 0px; height: 57px; text-indent: 0px; border-collapse: collapse; font-family: 'times new roman';">
<tbody>
<tr style="height: 17px;">
<td style="padding: 0px; margin: 0px; vertical-align: bottom; height: 17px;">
<p style="margin:0pt"><br/></p> </td>
<td rowspan="2" style="text-align: right; padding: 0px 30px 0px 0px; margin: 0px; height: 27px;"><img alt="Graphics" src="img380f5822f2a5477aad80.jpg"/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; vertical-align: bottom; width: 70%;" valign="bottom"><span style="font-size: 12pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. </span><span style="text-align: justify; font-weight: bold; line-height: inherit;">and</span> <span style="text-align: justify; font-weight: bold; line-height: inherit;">Subsidiaries</span></span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td>
<td style="padding: 0px; margin: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px;"><span style="font-size: 10pt; font-weight: bold; text-align: justify; float: none; display: inline !important;">Notes to the financial statements</span></td>
<td style="height: 10px; padding: 0px; margin: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><span style="font-size: 10pt;"><span style="text-align: justify; font-weight: bold; line-height: inherit;">For the year ended December 31, 2024, <span>2023</span> and <span>2022</span></span></span></td>
<td style="height: 10px; padding: 0px; margin: 0px; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #000080 !important;"></td> </tr> </tbody> </table> </div> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInterestsInSubsidiariesExplanatory', window );">Summary of financial position and income of subsidiaries which have relevant non-controlling interests</a></td>
<td class="text">
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The financial position and income of subsidiaries which have relevant non-controlling interests is shown below:</span></p>
<div id="t_ft_WGLO5Q9NPS00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 87px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td colspan="13" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; font-family: 'times new roman', times;"> Consolidated </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> Proportion of interest in share capital and voting rights held by non-controlling interests </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> Equity attributable to non-controlling interests </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td colspan="7" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> Income allocated to non-controlling interests for the year</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; font-family: 'times new roman', times;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; font-family: 'times new roman', times;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; font-family: 'times new roman', times;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; font-family: 'times new roman', times;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; font-family: 'times new roman', times;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; font-family: 'times new roman', times;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center; height: 10px;"><span style="color: #000000; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; font-family: 'times new roman', times;">12/31/2022</span></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 27%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Subsidiaries </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 9%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> % </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 9%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> % </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 9%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 9%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 9%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 9%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 9%;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Iconic Lubrificantes S.A. </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 44% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 44% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 484,986 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 477,710 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 135,428 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 72,505 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; text-align: right; height: 10px;"><span style="font-size: 10pt; font-family: 'times new roman', times;">34,955</span></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> WTZ Participa&#231;&#245;es S.A. </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 48% </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">-</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 116,249 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 25,082 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; text-align: right; height: 17px;"><span style="font-size: 9pt; font-family: arial, helvetica, sans-serif;">-</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other investments </span></p> </td>
<td style="height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 63,491 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 45,621 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,650 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 5,453 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; text-align: right; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-size: 10pt; font-family: 'times new roman', times;">4,275</span></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 30pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 1.15pt;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 664,726 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 523,331 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 163,160 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 77,958 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; text-align: right; height: 10px; border-bottom-color: #000000 !important;"><span style="font-size: 10pt; font-family: 'times new roman', times;">39,230</span></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td> </tr> </tbody> </table> </div> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_SummaryOfFinancialInformationOfJointVenturesAndAssociatesTableTextBlock', window );">Summary of statements of financial information of joint ventures and associates</a></td>
<td class="text">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times;">The summarized financial information of the associates and joint ventures relevant for the Company is presented below. The individual financial statements of these entities may differ from the financial information presented here, which is prepared considering Ultrapar's accounting policies and using the most recent financial information available.</span> </p>
<div id="t_ft_ZIOHV69MCW00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 166px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"> <br/></p> </td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><br/></p> </td>
<td colspan="4" style="padding: 0px; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">12/31/2023</span></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> 10/31/2022 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"> <br/></p> </td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Joint ventures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><br/></p> </td>
<td colspan="4" style="padding: 0px; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Joint ventures</span></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> Joint ventures </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> RPR </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Opla </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; text-align: center;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">RPR</span></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; text-align: center;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; text-align: center;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; text-align: center;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Opla</span></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> RPR </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 41%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total assets </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 10%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,069,063 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 10%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 182,810 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><br/></p> </td>
<td style="padding: 0px; background-color: #cceeff; width: 10%; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom">844,959</td>
<td style="padding: 0px; background-color: #cceeff; width: 1%; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; width: 1%; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; width: 10%; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom">190,626</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 10px;"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 10%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 772,351 </span></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 1%;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total liabilities </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,062,982 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 63,422 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom">717,926</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom">82,315</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 696,501 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Equity </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 6,081 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 119,388 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><br/></p> </td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom">127,033</td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom">108,311</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 75,850 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Net revenue </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,177,747 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 60,281 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom">2,954,931</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom">35,117</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="border-left: none; border-right: none;">3,215,987</span></span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Net income (loss) for the year </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (83,097 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 8,324 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><br/></p> </td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom">20,899</td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom">8,141</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">78,599 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Number of shares or units held </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,719,491 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 16,957,908 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><br/></p> </td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><span style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom;">5,078,888</span></td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom">33,915,815</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 5,078,888 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest in share capital - % </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-size: 10pt; font-family: 'times new roman', times;"> 33.14 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-size: 10pt; font-family: 'times new roman', times;"> 50.00 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom">33.14</td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom; text-align: right;" valign="bottom">50.00</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 33.14 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt;"><br/></p>
<div>
 </div>
<div id="t_ft_1LW214RFB400000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 223px;" width="100%">
<tbody>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> 10/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt;"> <b><span style="color: #000000;">Associate</span></b> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"><b><span style="font-size: 8pt; color: #000000;">Hidrovias (Consolidated)</span></b> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; width: 88%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Current assets </span></p> </td>
<td style="padding: 0px; vertical-align: top; height: 15px; background-color: #cceeff; width: 11%;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,234,849 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 15px; background-color: #cceeff; width: 1%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Noncurrent assets </span></p> </td>
<td style="padding: 0px; vertical-align: top; height: 10px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 5,338,418 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 10px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt;">Current liabilities</p> </td>
<td style="padding: 0px; vertical-align: top; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,705,175 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 15px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> Noncurrent liabilities </span></p> </td>
<td style="padding: 0px; vertical-align: top; height: 15px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 3,664,958 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Equity </span></p> </td>
<td style="padding: 0px; vertical-align: top; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,203,134 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 15px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"> <br/></p> </td>
<td style="padding: 0px; vertical-align: top; height: 15px;">
<p style="margin: 0pt; text-align: right;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 15px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">Net revenue</td>
<td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; text-align: right;">1,260,687</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">Gross profit</td>
<td style="padding: 0px; vertical-align: top; height: 17px; text-align: right;">137,235</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">Net loss for the period</td>
<td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; text-align: right;">(324,791</td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: top; margin: 0px; text-indent: 0px;" valign="top">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: top; height: 17px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Number of shares or units held </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 318,925,700 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest in share capital - % </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 41.94 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;"><br/></td> </tr> </tbody> </table> </div> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_ScheduleOfBalancesAndChangesInInvestmentsAccountedForUsingEquityMethodTableTextBlock', window );">Schedule of the balances and changes in investments in joint ventures and associates</a></td>
<td class="text">
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; font-family: 'times new roman', times; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times;">Balances and changes in investments in subsidiaries, joint ventures and associates are as follows: </span></p>
<div id="t_ft_K5CF4KZWO000000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin: 0px; height: 467px;" width="100%">
<tbody>
<tr style="height: 29px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Joint ventures </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Associates </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Advances </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Advances for future capital increase </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Total </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 29px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 41%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Balance as of December 31, 2021 (i) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 71,389 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 7,204 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 78,593 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Share of profit (loss) of subsidiaries, joint ventures and associates (*) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 9,397 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,784 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"> -</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"> -</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 12,181 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Dividends </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (4,298 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,076 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"> -</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"> -</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (6,374 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Equity instrument granted (ii) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"> -</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"> -</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Accumulated other comprehensive income </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 267 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"> -</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"> -</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 267 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Actuarial gain of post-employment benefits of subsidiaries, net of income and social contribution taxes </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,440 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"> -</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"> -</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,440 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Capital increase in cash </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 28,000 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"> -</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"> -</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 28,000 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Shareholder transactions - changes of interest </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 3,528 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (3,528 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;"> -</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-weight: bold;">-</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Balance as of December 31, 2022 (i) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 106,843 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 4,384 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 111,227 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Share of profit (loss) of subsidiaries, joint ventures and associates (*) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 9,840 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,068 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 11,908 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Dividends </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (11,072 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,200 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (13,272 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Equity instrument granted (ii) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 899 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 899 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Acquisition of Terminal de Combust&#237;veis Paul&#237;nia S.A. ("Opla") </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 210,096 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 210,096 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Capital decrease </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (3,100 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (3,100 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other movements </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 342 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 342 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Balance as of December 31, 2023 (i) </span></p> </td>
<td style="padding: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 313,848 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 4,252 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 318,100 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Share of profit (loss) of subsidiaries, joint ventures and associates (*) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (34,625 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (92,557 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (127,182 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Amortization of fair value adjustments </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,493 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,493 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Dividends </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,196 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,196 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Equity instrument granted (ii) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,540 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,540 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Accumulated other comprehensive income </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,427 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 37,458 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 35,031 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Capital increase in cash </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 42,985 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 42,985 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Capital decrease in shares </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (522 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (522 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Advances for investments - GPA stations </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 90,000 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 90,000 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Acquisition of shares of Hidrovias do Brasil S.A. </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 647,201 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 647,201 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Transfers of financial assets to investments (iii) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 645,333 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 645,333 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Advance for future capital increase (iv) </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> - </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 500,000 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 500,000 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other movements </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 599 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,112 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (513 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom;" valign="bottom"><span style="font-family: 'times new roman', times;">)</span></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Balance as of December 31, 2024 (i) </span></p> </td>
<td style="padding: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 274,380 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,283,904 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 90,000 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 500,000 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,148,284 </span></p> </td>
<td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt;"><br/></p>
<div id="t_ft_8DSP3K9L8000000000000000000000b">
<table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; height: 85px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr style="height: 17px;">
<td style="width: 3%; height: 17px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(*)</span></td>
<td style="width: 97%; height: 17px;"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Adjusted for unrealized profits between subsidiaries.</span></span></td> </tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(i)</span></td>
<td style="height: 17px;"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Investments in subsidiaries, joint ventures and associates net of provision for equity deficit.</span></span></td> </tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(ii)</span></td>
<td style="height: 17px; text-align: justify;"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amounts refer to grants of long-term incentives in subsidiaries Ultrapar Mobilidade, Ultragaz Participa&#231;&#245;es and Ultrapar Log&#237;stica.</span></span></td> </tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(iii)</span></td>
<td style="height: 17px;"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amounts refer to the acquisition of stake in Hidrovias do Brasil S.A. For further details, see Note <span style="border-left: none; border-right: none;"><span>27</span></span>.a.</span></span></td> </tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(iv)</span></td>
<td style="height: 17px; text-align: justify;"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amounts refer to the advance for future capital increase made in December 2024 by subsidiary Ultrapar Log&#237;stica Ltda. in Hidrovias do Brasil S.A.</span></span></td> </tr> </tbody> </table> </div> <span></span>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Right-of-use assets and leases payable (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="text">&#160;<span></span>
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<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-style: italic;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;">a. Right-of-use assets</span></span><span style="font-size: 10pt; font-style: italic; font-weight: bold;"><br/></span></p> </div>
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<div id="t_ft_45I1W2BQQO00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 244px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average useful life (years) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions and remeasurement (i) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Transfers (ii) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Amortization </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 20%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Real estate </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,998,866 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 196,194 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (207,945 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,987,115 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Port areas </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 32 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 314,964 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,025 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 26,750 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 343,739 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 270,388 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> 143,043 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> (56,337 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 357,094 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 38,278 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,958 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (10,591 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 33,645 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 20 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,846 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,846 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,650,342 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> 347,220 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> (274,873 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 26,750 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,749,439 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated amortization: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Real estate </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (753,198 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 131,716 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,402 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (197,849 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (823,733 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Port areas </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (44,620 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (8,072 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (52,692 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (109,967 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 35,669 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (95,538 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (169,836 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,184 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9,778 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> (10,601 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> (6,007 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (25,847 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> (25,847 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (938,816 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 177,163 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,402 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (312,060 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,078,115 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net amount </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,711,526 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> 347,220 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> (97,710 </span></p> </td>
<td style="padding: 0px 0px 1px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 22,348 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (312,060 </span></p> </td>
<td style="padding: 0px 0px 1px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,671,324 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"> <br/></p>
<table style="width: 100%; margin: 0px; height: 32px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">
<tbody>
<tr style="height: 16px;">
<td style="height: 16px; width: 3%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">(i)</span> </td>
<td style="height: 16px; width: 97%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span><span style="border-right: none; border-left: none;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">Considers R$ 342,332 r</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">eferring to additions and remeasurements between right-of-use assets and leases payable.</span></span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; width: 3%;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(ii)</span></td>
<td style="height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: justify; width: 97%;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Refers to the amortization of the right of use, which is being capitalized as Construction in progress until the beginning of its operation. Additionally, the cost includes the advance balance of the grant of </span>Macei&#243;<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> carried out in Ipiranga.</span></span></td> </tr> </tbody> </table>
<p style="margin: 0pt; line-height: 1.2;"><br/></p>
<div>
 </div>
<div id="t_ft_XPRNRQVTI800000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 250px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 99.9997%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average useful life (years) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions and remeasurement (i)</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Transfers (ii)</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Amortization </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Acquisition of subsidiary (iii)</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 22%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: middle; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="vertical-align: middle; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td> </tr>
<tr style="height: 16px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Real estate </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,019,898 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 140,245 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (165,551 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,274 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,998,866 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Port areas </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 29 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 311,174 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,790 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 314,964 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 186,455 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 120,705 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (71,781 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 35,009 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 270,388 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Equipment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 26,345 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,910 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,973 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 996 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 38,278 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 20 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,846 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,846 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,571,718 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 277,650 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (239,305 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 40,279 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,650,342 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated amortization: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Real estate </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (634,688 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 95,896 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,491 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (209,522 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (393 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (753,198 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Port areas </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (36,773 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,847 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (44,620 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (83,902 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 63,708 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (80,661 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (9,112 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (109,967 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Equipment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,850 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,974 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,151 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (157 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,184 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (22,128 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,719 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (25,847 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (780,341 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 161,578 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,491 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (305,900 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (9,662 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (938,816 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net amount </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,791,377 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 277,650 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (77,727 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,491 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (305,900 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 30,617 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,711,526 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> </div>
<div><br/></div>
<div>
<table style="width: 100%; margin-left: 0.1px; height: 48px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr style="height: 16px;">
<td style="width: 3%; height: 16px; vertical-align: top;" valign="top">(i)</td>
<td style="width: 97%; height: 16px; text-align: justify;"><span>Considers R$ 257,201 referring to additions and remeasurements between right-of-use assets and leases payable.</span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top">(ii)</td>
<td style="height: 16px; text-align: justify;"><span><span style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: &quot;times new roman&quot;, times; font-size: 13.3333px; text-indent: -24px; float: none; display: inline !important;">Refers to the amortization of the right of use, which is being capitalized as Construction in progress until the beginning of its operation.</span></span></td> </tr>
<tr style="height: 16px;">
<td style="height: 16px;">(iii)</td>
<td style="height: 16px;"><span>For further information, see Note 27.</span></td> </tr> </tbody> </table> </div>
<div style="line-height: 1;"><br/>
<table cellpadding="0" cellspacing="0" style="height: 266px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 32px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 32px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; text-align: center;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Weighted average useful life (years)</span></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2021 </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions and remeasurement </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;"><br/></td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;"><br/></td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Transfers (i)</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;"><br/></td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Amortization </span></p> </td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;"><br/></td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 20%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Real estate </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,793,473 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 366,805 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (140,380 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,019,898 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Port areas </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 29 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 299,630 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11,868 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (324 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 311,174 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 146,173 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 115,666 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (75,384 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 186,455 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Equipment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 16,740 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9,958 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (353 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 26,345 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 20 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,846 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,846 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,283,862 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 504,297 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (216,441 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,571,718 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated amortization: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Real estate </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (489,470 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 79,003 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,311 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (218,910 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (634,688 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Port areas </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (23,526 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (13,247 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (36,773 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (98,867 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 66,554 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (51,589 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (83,902 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Equipment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,834 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 399 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,415 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,850 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (18,870 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,258 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (22,128 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (632,567 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 145,956 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,311 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (288,419 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (780,341 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net amount </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,651,295 </span></p> </td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 504,297 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (70,485 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,311 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (288,419 </span></p> </td>
<td colspan="2" style="padding: 0px 0px 1.5px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,791,377 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; line-height: 1.2;"><br/></p> </div>
<div style="line-height: 1.2; margin: 0pt 0pt 0pt; text-indent: 0pt;">
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">
<tbody>
<tr>
<td style="width: 3%;">(i)</td>
<td style="width: 97%;"><span>Refers to R$ 5,311 transferred to property, plant and equipment.</span></td> </tr> </tbody> </table> </div> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfAdditionalInformationAboutLeasingActivitiesForLesseeExplanatory', window );">Summary of Changes in Lease Payables</a></td>
<td class="text">
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The changes in leases payable are shown below:</span></p>
<div style="border-left: none; border-right: none;">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 354px;" width="100%">
<tbody>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 89%; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt; font-weight: bold;"> Balance as of December 31, 2021 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 10%; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,348,311 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1%; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest accrued </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 128,069 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Payments of leases </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (351,011 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Interest payment</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; text-align: right; height: 16px;">(6,868</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions and remeasurement </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 482,439 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (77,171 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,523,769 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest accrued </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 143,005 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Payments of leases </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (213,527 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (145,586 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions and remeasurement </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 257,201 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (71,569 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Acquisition of subsidiary </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 30,641 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,523,934 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest accrued </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 133,767 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Payments of leases </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (285,404 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (148,084 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions and remeasurement </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> 342,332 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"> (81,393 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,485,152 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 316,460 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,168,692 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr> </tbody> </table> </div> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory', window );">Summary of Maturities of Lease Payments of Operating Lease</a></td>
<td class="text">
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The undiscounted future cash outflows are presented below:</span></p>
<div id="t_ft_LNGJWMEYGW00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 129px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 77%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Up to <span style="border-left: none; border-right: none;">1</span> year </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 355,336 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 418,450 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span style="border-left: none; border-right: none;">1</span> to <span style="border-left: none; border-right: none;">2</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 282,945 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 322,165 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span style="border-left: none; border-right: none;">2</span> to <span style="border-left: none; border-right: none;">3</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 240,984 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 227,785 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span style="border-left: none; border-right: none;">3</span> to <span style="border-left: none; border-right: none;">4</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 188,002 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 189,744 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span style="border-left: none; border-right: none;">4</span> to <span style="border-left: none; border-right: none;">5</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 158,559 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 147,977 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> More than <span style="border-left: none; border-right: none;">5</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 891,997 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,003,655 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,117,823 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,309,776 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"></td> </tr> </tbody> </table> </div> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_DisclosureOfMaturityAnalysisOfWeightedAverageDiscountRatesForLeasePayableTableTextBlock', window );">Schedule of weighted average discount rates for the lease payable by maturity period</a></td>
<td class="text">
<p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The weighted nominal average discount rates for the lease contracts of the Company are:</span></p>
<div id="t_ft_1MNM9DDXS000000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 90px; width: 100.045%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Contracts by maturity date and discount rate </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Maturity dates of the contracts </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Rate (% p.a.) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 89%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> From <span style="border-left: none; border-right: none;">1</span> to <span style="border-left: none; border-right: none;">5</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10.56% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> From <span style="border-left: none; border-right: none;">6</span> to <span style="border-left: none; border-right: none;">10</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10.16% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> From <span style="border-left: none; border-right: none;">11</span> to <span style="border-left: none; border-right: none;">15</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9.81% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> More than <span style="border-left: none; border-right: none;">15</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9.68% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"></td> </tr> </tbody> </table> </div> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_DisclosureOfLeasesContractOfLowAssetValueExplanatoryTableTextBlock', window );">Details About&#160;Lease Contracts of Low Amount Assets</a></td>
<td class="text">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 48px; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: left; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Up to <span>1</span> year </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Between <span>1</span> and <span>5</span> years </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: left; background-color: #cceeff; height: 16px; width: 65%;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,637 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,659 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: left; height: 16px;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,693 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,872 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9,565 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> <span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfAdditionalInformationAboutLeasingActivitiesForLesseeExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of additional information about leasing activities of a lessee.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2024-01-01<br> -Paragraph 59<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_59&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfAdditionalInformationAboutLeasingActivitiesForLesseeExplanatory</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of a maturity analysis of operating lease payments. Operating lease is a lease that does not transfer substantially all the risks and rewards incidental to ownership of an underlying asset.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2024-01-01<br> -Paragraph 97<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_97&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of quantitative information about right-of-use assets. [Refer: Right-of-use assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2024-01-01<br> -Paragraph 53<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_53&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PresentationOfLeasesForLesseeAbstract</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of future payments of leases contract of low asset value explanatory.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of maturity analysis of weighted average discount rates for the lease payable.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Property, Plant, and Equipment (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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</td>
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<tr class="ro">
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<div id="t_ft_8L510IVIHC00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 99.8645%; text-indent: 0px; height: 440px;" width="100%">
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 29.0295%;">
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 32px; width: 7.97227%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average useful life (years) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 7.97227%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 1.03986%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 7.97227%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 1.03986%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 7.97227%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Depreciation </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 1.03986%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 7.97227%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Transfers (i) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 1.03986%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 7.97227%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 1.03986%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 7.97227%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Acquisition of subsidiaries (ii) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 1.03986%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 7.97227%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; width: 1.03986%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 29.0295%; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.97227%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 7.97227%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1.03986%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 7.97227%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1.03986%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 7.97227%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1.03986%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 7.97227%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1.03986%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 7.97227%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1.03986%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 7.97227%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1.03986%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 7.97227%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1.03986%; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Land </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 607,152 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,968 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,073 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (15,569 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 609,624 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Buildings </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 31 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,646,996 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,904 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 149,065 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (61,770 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,902 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,745,097 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leasehold improvements </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,292,998 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 37,867 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 99,777 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (15,300 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,415,342 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Machinery and equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,530,184 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 143,782 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 99,603 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (16,382 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,183 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,758,370 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Automotive fuel/lubricant distribution equipment and facilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,361,637 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 80,317 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 70,966 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (327,319 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,825 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,199,426 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> LPG tanks and bottles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,006,398 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 116,503 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (37,114 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,085,787 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 371,434 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 111,735 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (29,884 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (62,657 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,257 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 395,885 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Furniture and fixtures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 212,640 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,649 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (154 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,965 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 402 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 221,572 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IT equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 318,721 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,259 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,950 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,780 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 321,250 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Construction in progress </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 783,496 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,022,967 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (455,740 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,831 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,347,892 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Advances to suppliers </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 32,557 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 19,834 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,558 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (867 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 44,966 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Imports in progress </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,107 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,127 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,106 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,128 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 29.0295%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,167,320 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,582,912 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (76,908 </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (547,554 </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 22,569 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14,148,339 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 29.0295%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated depreciation: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Buildings </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (536,518 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (54,110 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,126 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 28,014 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (134 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (558,622 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leasehold improvements </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (683,187 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (75,957 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,798 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,430 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (748,916 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Machinery and equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,147,842 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (208,103 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,776 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,612 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (405 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,347,962 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Automotive fuel/lubricant distribution equipment and facilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,238,843 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (164,248 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,870 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 289,359 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,082 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,122,684 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> LPG tanks and bottles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (605,298 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (92,219 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,449 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">- </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (670,068 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (181,511 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (35,066 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 35,776 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 26,792 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (613 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (154,622 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Furniture and fixtures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (130,117 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (15,718 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 642 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,784 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (84 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (142,493 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IT equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (254,952 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (22,246 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,136 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,387 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">- </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (265,675 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 29.0295%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,778,268 </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (667,667 </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 44,384 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 392,827 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,318 </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,011,042 </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 29.0295%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for impairment losses </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,471 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (21 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 161 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,331 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 29.0295%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net amount </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.97227%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,387,581 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,582,891 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (667,667 </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (32,524 </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (154,566 </span></p> </td>
<td style="padding: 0px 0px 1px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 20,251 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 7.97227%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,135,966 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; vertical-align: bottom; width: 1.03986%;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(i) <span><span style="border-right: none; border-left: none;">The remaining balance refers to R$ 22,348 transferred to right-of-use assets and R$ 10,176 transferred to intangible assets.</span></span></span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">(ii) <span>For further information, see Note 27.</span></span></span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><br/></p>
<div>
 </div>
<div id="t_ft_NPNUUNKATC00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 99.8645%; text-indent: 0px; height: 439px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 28.9565%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average useful life (years) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.956522%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.956522%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Depreciation </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.956522%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Transfers (i)</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.956522%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.956522%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Acquisition of subsidiaries </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.956522%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Balance as </span><br/><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">of </span><br/><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 28.9565%; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8%; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 8%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 0.956522%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 8%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 0.956522%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 8%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 0.956522%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 8%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 0.956522%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 8%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 0.956522%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 8%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 0.956522%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 8%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1.04348%; background-color: #cceeff; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Land </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">- </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 619,116 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,053 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,316 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (16,369 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 36 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 607,152 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Buildings </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 31 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,532,506 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,100 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 198,398 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (111,899 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 891 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,646,996 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leasehold improvements </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,169,326 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 30,348 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 90,557 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (12,458 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15,225 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,292,998 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Machinery and equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,186,759 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 111,726 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 133,554 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (14,634 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 112,779 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,530,184 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 28.9565%;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Automotive fuel/lubricant distribution equipment and facilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,213,123 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 0.956522%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 86,714 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 0.956522%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 0.956522%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 143,010 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 0.956522%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (92,744 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 0.956522%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11,534 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 0.956522%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,361,637 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1.04348%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> LPG tanks and bottles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 920,287 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 129,567 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 431 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (43,887 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,006,398 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 325,094 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 24,661 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,351 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (9,473 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 29,801 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 371,434 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Furniture and fixtures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 201,708 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,326 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,649 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,547 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,504 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 212,640 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IT equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 303,023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 19,787 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,516 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (10,750 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,145 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 318,721 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Construction in progress </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 694,726 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 650,828 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (567,114 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,056 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 783,496 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Advances to suppliers </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 18,139 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 20,501 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,263 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 180 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 32,557 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Imports in progress </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 902 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,205 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,107 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 28.9565%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,184,709 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,116,816 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,405 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (316,761 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 179,151 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,167,320 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 28.9565%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated depreciation: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.04348%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Buildings </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (591,812 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (46,187 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 101,919 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (438 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (536,518 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leasehold improvements </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (618,256 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (71,139 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,858 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,650 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (683,187 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Machinery and equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,926,954 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (194,666 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,499 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (39,721 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,147,842 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;">)</td> </tr>
<tr style="height: 32px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 28.9565%;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Automotive fuel/lubricant distribution equipment and facilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,113,657 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 0.956522%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 0.956522%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (181,233 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 0.956522%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 0.956522%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 60,982 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 0.956522%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,935 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 0.956522%;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,238,843 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 32px; vertical-align: bottom; width: 1.04348%;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> LPG tanks and bottles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (557,260 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208;  </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (83,777 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 35,739 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (605,298 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (154,177 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (29,483 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,608 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,459 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (181,511 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Furniture and fixtures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (118,438 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208;  </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (14,032 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,052 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (699 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (130,117 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IT equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (239,978 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208;  </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (23,721 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,058 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,311 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (254,952 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 28.9565%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,320,532 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (644,238 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 239,715 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (53,213 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,778,268 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.04348%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 28.9565%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for impairment losses </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,764 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (89 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 382 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 8%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,471 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1.04348%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 28.9565%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net amount </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,862,413 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,116,727 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (644,238 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;"><span style="font-size: 10pt;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,405 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (76,664 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;"><span style="font-size: 10pt;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 125,938 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.956522%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,387,581 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.04348%;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><br/></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(i) <span>Refers to R$ 1,086 transferred to intangible assets and R$ 4,491 transferred from right-of-use assets.</span></span></p>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Construction in progress relates substantially to expansions, renovations, constructions and upgrade of the terminals&#8217; assets, service stations and distribution bases.</span></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Advances to suppliers are basically related to manufacturing of assets for expansion of terminals, distribution bases and acquisition of real estate.</span></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><br/></p>
<div>
 </div>
<div id="t_ft_PA8ZA7ZW8000000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 99.8645%; height: 252px;" width="100%">
<tbody>
<tr style="height: 47px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average useful life (years) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2021 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Depreciation </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Transfers (i) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Acquisition of subsidiaries (see Note <span>27</span>) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 47px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 28%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px; width: 1%;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Land </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 610,294 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 23,539 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (14,717 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 619,116 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Buildings </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 32 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,486,721 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 20,020 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 73,744 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (47,979 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,532,506 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leasehold improvements </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,056,179 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 40,685 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 82,317 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (9,855 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,169,326 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Machinery and equipment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,024,577 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 99,477 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 70,150 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,518 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 73 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,186,759 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Automotive fuel/lubricant distribution equipment and facilities </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,245,586 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 96,208 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,680 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (141,351 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,213,123 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> LPG tanks and bottles </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 840,931 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 94,356 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (15,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 920,287 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 288,239 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 33,452 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,050 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,647 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 325,094 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Furniture and fixtures </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 168,092 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 34,905 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,140 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,531 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 102 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 201,708 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IT equipment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 330,375 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 24,069 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,053 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (53,863 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 389 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 303,023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Construction in progress </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 452,248 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 482,043 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (239,082 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (483 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 694,726 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Advances to suppliers </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14,281 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 35,887 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (32,029 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 18,139 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Imports in progress </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 181 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 902 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (181 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 902 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11,517,704 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 962,004 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,381 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (301,944 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom"><span style="font-size: 10pt;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 564 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,184,709 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 15px;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><br/></p>
<div id="t_ft_G3B07BE3EO00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 266px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 28%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated depreciation: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 9%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Buildings </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (585,846 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (42,195 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 36,229 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (591,812 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leasehold improvements </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (573,553 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (58,172 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 606 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,863 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (618,256 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Machinery and equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,758,401 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (175,567 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (10 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,926,954 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Automotive fuel/lubricant distribution equipment and facilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,050,533 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (175,899 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 112,778 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,113,657 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> LPG tanks and bottles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (498,310 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (69,860 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,910 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (557,260 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Vehicles </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (133,149 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (23,713 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,685 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (154,177 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Furniture and fixtures </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (112,288 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (11,496 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (603 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,953 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (118,438 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IT equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (269,534 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (23,933 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 53,526 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (37 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (239,978 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,981,614 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (580,835 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 241,968 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (51 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,320,532 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for impairment losses: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Land </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (146 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (146 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Leasehold improvements </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (18 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (12 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (30 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Machinery and equipment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,289 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (27 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (250 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,566 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Automotive fuel/lubricant distribution equipment and facilities </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (46 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 24 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (22 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,499 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (39 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (226 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,764 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,534,591 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 961,965 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (580,835 </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,381 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (60,202 </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 513 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,862,413 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">(i) <span><span style="border-right: none; border-left: none;">Refers to R$ 1,070 transferred from intangible assets and R$ 5,311 transferred from right-of-use assets.</span></span></span></span></p> </div> <span></span>
</td>
</tr>
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<div style="display: none;">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of detailed information about property, plant and equipment. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2024-01-01<br> -Paragraph 73<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_73&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract</td>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Intangible assets (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsAbstract', window );"><strong>Intangible assets</strong></a></td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory', window );">Balances and changes in intangible assets</a></td>
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<div id="t_ft_CINWO9DLJK00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 314px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%">
<tbody>
<tr style="height: 48px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average useful life (years) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Amortization </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Transfers (i) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Foreign exchange variations </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Acquisition of subsidiaries (ii) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 48px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 3px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 23%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill (a) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 943,125 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (115 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 39,349 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 982,359 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Software (b) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,503,601 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 226,098 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (18,475 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,969 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 108 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 282 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,707,645 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Distribution rights </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 155,174 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 20,101 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,412 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 176,687 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Brands (c) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 62,303 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (948 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 61,366 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trademark rights (c) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 30 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 120,960 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 41 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 121,001 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15,127 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 224 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,211 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (529 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,611 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px 0px 0px 15px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Decarbonization credits (CBIO) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 710,710 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 713,453 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (389 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,423,452 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 322 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,511,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 959,917 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (22,726 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,427,950 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 108 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 39,642 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,059,991 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 3px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated amortization: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Software </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (826,773 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (222,487 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 32,886 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,756 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,013,618 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Distribution rights </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (106,145 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,860 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 16 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 170 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (110,819 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trademark rights </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (18,931 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,389 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 323 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (22,997 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,234 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (301 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,308 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,227 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (957,083 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (232,037 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 32,902 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,557 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,151,661 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 3px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net amount </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,553,917 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 959,917 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (232,037 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,176 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,423,393 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 108 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 39,642 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,908,330 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt;"><br/></p>
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(i) <span>Refers to R$ 10,176 transferred from property, plant and equipment.</span></span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><span style="line-height: inherit;">(ii) <span>For further information, see Note 27.</span></span></span></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><br/></p>
<div>
 </div>
<div id="t_ft_KQWXCNLT2O00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 282px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average useful life (years) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Amortization </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Transfers (i)</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Foreign exchange variations </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Acquisition of subsidiaries </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.520446%; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.520446%; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.520446%; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.520446%; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.520446%; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.743494%; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.520446%; height: 16px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.520446%; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill (a) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 917,775 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 25,350 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 943,125 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Software (b) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,299,088 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 273,310 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,086 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (79,909 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,026 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,503,601 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Distribution rights </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 114,593 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,357 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 39,224 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 155,174 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Brands (c) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 65,647 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,344 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 62,303 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trademark rights (c) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 30 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 114,792 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 25 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,143 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 120,960 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 177 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14,953 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15,127 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Decarbonization credits (CBIO) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 232,305 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 778,885 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (300,480 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 710,710 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,744,377 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,053,577 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,086 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (380,392 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,344 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 95,696 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,511,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated amortization: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Software </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (708,659 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (192,976 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 79,720 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,858 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (826,773 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Distribution rights </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (102,037 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,956 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,152 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (106,145 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trademark rights </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (14,930 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,889 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (112 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (18,931 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 15px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (402 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,835 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,234 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (826,028 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (204,656 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 79,723 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,122 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (957,083 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 22.974%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net amount </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 4.98141%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,918,349 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,053,577 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (204,656 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,086 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (300,669 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,344 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.743494%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 89,574 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; width: 0.520446%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.02974%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,553,917 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 0.520446%;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(i) <span>Refers to R$ 1,086 transferred to intangible assets and R$ 4,491 transferred from right-of-use assets.</span></span></p>
<p style="margin: 0pt;"><br/></p>
<div style="border-left: none; border-right: none;">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 302px;" width="100%">
<tbody>
<tr style="height: 29px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 29px; width: 22.0103%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; border-bottom: 1px solid #000000; width: 7.99707%;">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average useful life (years) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 29px; width: 1.02715%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.99707%;">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2021 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; border-bottom: 1px solid #000000; width: 7.99707%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.99707%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Amortizations </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.99707%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Transfers (i) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.99707%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Write-offs </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.99707%;">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Exchange rate variation </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.99707%;">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px; width: 1.02715%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 22.0103%; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cost: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.99707%; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.99707%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.99707%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.99707%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.99707%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.99707%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.99707%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.99707%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02715%; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill (a) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 818,096 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 99,679 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 917,775 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Software (c) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,146,980 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 277,600 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 173 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (125,665 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,299,088 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Distribution rights </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 114,593 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 114,593 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Brands (d) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 69,198 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,551 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 65,647 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trademark rights (d) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 39 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 114,792 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 114,792 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 421 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 999 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,243 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 177 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Decarbonization credits (CBIO) (b) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 7.99707%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 635,130 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (402,825 </span></p> </td>
<td style="padding: 0px 0px 0.5px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 232,305 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,264,080 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,013,408 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,070 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (528,490 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,551 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,744,377 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated amortization: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Software </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (679,402 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (154,122 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 124,865 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (708,659 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Distribution rights </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (101,027 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,010 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (102,037 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trademark rights </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (11,993 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,937 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (14,930 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (402 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 7.99707%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (402 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 22.0103%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 7.99707%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (792,824 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (158,069 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 124,865 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 7.99707%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (826,028 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.02715%; background-color: #cceeff;">)</td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 22.0103%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net amount </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 7.99707%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; width: 7.99707%; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,471,256 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; width: 7.99707%; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,013,408 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; width: 7.99707%; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (158,069 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; width: 7.99707%; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,070 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; width: 7.99707%; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (403,625 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; width: 7.99707%; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,551 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; width: 7.99707%; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,918,349 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; width: 1.02715%;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(i) <span>Refers to R$ 1,070 transferred to property, plant and equipment</span></span></p> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfGoodwillExplanatory', window );">Balance of the goodwill</a></td>
<td class="text">
<div id="t_ft_V32NZPRQQO00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 99.6726%; text-indent: 0px; height: 229px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Segment </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Goodwill on the acquisition of: </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 20%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 10px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 19px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga <sup>(i) </sup></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 19px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 19px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 19px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 276,724 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 19px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 19px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 19px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 276,724 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 19px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Uni&#227;o Terminais </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultracargo </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 211,089 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 211,089 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Texaco </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 177,759 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 177,759 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Stella </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 103,051 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 103,051 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Iconic (CBLSA) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 69,807 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 69,807 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> WTZ (<span>27</span>.b) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 52,038 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Temmar </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultracargo </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 43,781 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 43,781 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> DNP </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 24,736 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 24,736 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Repsol </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,403 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,403 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Neog&#225;s </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultragaz </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,761 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,761 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Serra Diesel </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultrapar </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,413 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14,217 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> TEAS </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultracargo </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 797 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 797 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 10px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 982,359 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 943,125 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br/></td> </tr> </tbody> </table> </div> <span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of detailed information about intangible assets. [Refer: Intangible assets other than goodwill]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2024-01-01<br> -Paragraph 118<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=38&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_118&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
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<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of goodwill. [Refer: Goodwill]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Loans, financing, debentures and derivative financial instruments (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsAbstract', window );"><strong>Loans, financing, debentures and derivative financial instruments</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory', window );">Summary of Breakdown of loans</a></td>
<td class="text">
<table cellpadding="0" cellspacing="0" style="height: 516px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 27.8426%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9534%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9534%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9534%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9534%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1.47493%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 21.8659%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Consolidated </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 27.8426%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Description </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 11.9534%;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Index/Currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 11.9534%;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average financial charges <span>2024</span> (p.a.) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 11.9534%;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Weighted average hedging instruments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 11.9534%;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Maturity </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1.47493%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.91254%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1.02041%;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1.02041%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.91254%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%; background-color: #cceeff;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign currency: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 11.9534%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 11.9534%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 11.9534%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 11.9534%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 1.47493%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 9.91254%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 1.02041%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 1.02041%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 9.91254%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1.45773%; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Notes in the foreign market </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5.25% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 139.0% of DI** </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2026 to 2029</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,710,980 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,694,339 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign loan </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> JPY </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1.31% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 109.4% of DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2025 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 501,524 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 439,852 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign loan </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> EUR </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4.39% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 109.2% of DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2025 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 778,147 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 126,171 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign loan </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4.57% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 105.9% of DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2025 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 691,006 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,018,429 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total in foreign currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 6,681,657 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 5,278,791 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Brazilian Reais: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Debentures &#8211; CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IPCA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5.30% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 103.1% of DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2025 to 2032</span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,456,111 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,434,287 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CCB </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CDI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 107.0% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2025 to 2026</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,464,624 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 552,407 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Debentures - Ultragaz </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CDI + </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 0.74% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2027 to 2029</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 731,667 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Debentures &#8211; Ultracargo </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IPCA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4.11% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 111.4% of DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2028 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 534,706 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 556,677 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Debentures &#8211; CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Fixed rate </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11.17% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 104.3% of DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2027 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 477,827 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 539,914 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CDCA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CDI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 0.92% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2027 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 534,374 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Debentures &#8211; CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CDI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 0.70% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2027 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 490,971 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 488,269 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CDCA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CDI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 108.7% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2025 to 2027</span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 293,374 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 201,848 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Constitutional Fund </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IPCA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2.93% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 69.5% of DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2028 to 2041</span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 114,472 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Debentures &#8211; Ultracargo </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IPCA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6.28% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2032 to 2034 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 80,048 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> FINEP </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> TJLP </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1.00% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> n/a </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2025 to 2026</span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 679 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,264 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Debentures &#8211; Ultracargo </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6.47% </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 99.9% of DI </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 87,826 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total in Brazilian Reais </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 7,178,853 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 5,862,492 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 27.8426%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total in foreign currency and Brazilian Reais </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 11.9534%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 11.9534%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 11.9534%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 11.9534%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1.47493%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; width: 9.91254%; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 13,860,510 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1.02041%; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1.02041%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; width: 9.91254%; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 11,141,283 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; width: 1.45773%; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Derivative financial instruments (*) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 441,600 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 626,734 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 14,302,110 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 11,768,017 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 3,552,760 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,993,254 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>1</span> to <span>2</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,261,425 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,879,412 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>2</span> to <span>3</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,611,526 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,243,967 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>3</span> to <span>4</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,062,967 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,023,820 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span>4</span> to <span>5</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,437,398 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,691,595 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 27.8426%;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> More than <span>5</span> years </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 11.9534%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,376,034 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 9.91254%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,935,969 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1.45773%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 27.8426%;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 11.9534%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.47493%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 10,749,350 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.02041%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.91254%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 9,774,763 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; width: 1.45773%;"><br/></td> </tr> </tbody> </table> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_SummaryOfChangesInLoansDebenturesAndDerivativesTableTextBlock', window );">Summary Of Changes In Loans Debentures And Derivatives</a></td>
<td class="text">
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The changes in loans, financing, debentures and derivative financial instruments are shown below:</span> <br/></p>
<div id="t_ft_KALH0GPBWW00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 415px; width: 100.001%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 89%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2021 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 16,377,643 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> New loans </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,519,580 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest accrued </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 945,023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Principal payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,848,611 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (914,979 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Monetary variantions and foreign variations </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (587,064 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Change in fair value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (68,366 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Hedge result </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 327,135 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 11,750,361 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> New loans </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,903,031 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest accrued </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 761,052 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Principal payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,149,525 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (742,724 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Monetary variations and foreign exchange variations </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (319,488 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Change in fair value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 351,560 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Hedge result </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 102,422 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Balance of acquired company (see Note <span>27</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 111,328 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 11,768,017 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> New loans </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,179,974 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest accrued </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 846,329 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Principal payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,718,953 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (798,653 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Monetary variations and foreign exchange variations </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,675,583 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Change in fair value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (465,053 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Hedge result </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (185,134 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px;">)</td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 14,302,110 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr> </tbody> </table> </div> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_SummaryOfOperationsContractedLoansTableTextBlock', window );">Summary of main operations contracted loans</a></td>
<td class="text">
<p style="margin: 0pt 0pt 9pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The main operations contracted in the year are shown below:</span> </p>
<div id="t_ft_VAS0QTMOM800000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 282px; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 16px;">
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Description </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Index/ Currency </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Financial charges </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Hedging instruments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Issuance date </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Maturity </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Principal </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Principal in R$ </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Remuneration payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Nominal amount payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Company </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 16px; width: 6.96151%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CDCA </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 6.96151%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> %DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 0.982801%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 6.96151%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 108.00% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 0.982801%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 6.96151%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> N/A </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 0.982801%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 8.02621%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span style="border-right: none; border-left: none;">Jan/24</span> </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 0.982801%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 8.02621%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jan/25 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 0.982801%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 8.02621%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 80,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 0.982801%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 8.02621%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 80,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 11.9574%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Quarterly </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 11.9574%; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; width: 9.99181%; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4131 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> EUR </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4.33% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 111.9% of DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jan/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jan/25 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> EUR 23,500 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 126,195 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Semiannually </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Iconic </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CCB </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> %DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 108.37% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> N/A </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mar/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mar/25 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 500,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 500,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Annually </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4131 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> EUR </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4.43% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 108.5% of DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mar/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mar/25 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> EUR 46,040 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 247,099 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4131 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> JPY </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1.32% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 108.9% of DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mar/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Aug/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> JPY 3,760,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 123,742 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultracargo Log&#237;stica </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4131 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> EUR </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4.38% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 108.5% of DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mar/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mar/25 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> EUR 45,977 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 246,897 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultracargo Log&#237;stica </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CCB </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> %DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 108.37% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> N/A </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Apr/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Apr/26 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 500,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 500,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Annually </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4131 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6.11% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 112.4% of DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Apr/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Apr/25 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD 9,728 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 48,601 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Semiannually </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Iconic </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CDCA </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> DI + </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 0.92% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> N/A </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> May/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Apr/27 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 500,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 500,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Annually </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4131 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> JPY </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1.44% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 108.1% of DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> May/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Oct/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> JPY 7,530,077 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 258,500 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultracargo Log&#237;stica </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CDCA </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> %DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 109.00% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> N/A </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jun/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Apr/27 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 200,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 200,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Quarterly </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">2026 and 2027</span></span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ipiranga </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CDI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 0.65% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> N/A </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jul/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jul/27 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 455,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 455,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Semiannually </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cia Ultragaz </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CDI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 0.90% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> N/A </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jul/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jul/29 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 245,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 245,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Semiannually </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cia Ultragaz </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IPCA </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6.28% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> N/A </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Aug/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Jun/34 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 80,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 80,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Semiannually </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultracargo Log&#237;stica </span></p> </td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4131 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> SOFR </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1.29% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 112.5% of DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Sept/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Sept/25 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> USD 4,535 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 25,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Quarterly </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Serra Diesel </span></p> </td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> CCB </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> %DI </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 103.00% </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> N/A </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Nov/24 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Nov/25 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 370,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 370,000 </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At final maturity </span></p> </td>
<td style="padding: 0px 4px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Iconic </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> FNE </span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IPCA </span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2.93% </span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 6.96151%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 69.5% of DI </span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Dec/24 </span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Nov/41 </span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 151,464 </span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.982801%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 8.02621%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> R$ 151,464 </span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Monthly with grace period </span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; vertical-align: bottom; width: 11.9574%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2028 to 2041</span></span></span></p> </td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 9.99181%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Ultracargo Log&#237;stica </span></p> </td> </tr> </tbody> </table> </div> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_SummaryOfDebenturesTableTextBlock', window );">Summary of Debentures</a></td>
<td class="text">
<table cellpadding="0" cellspacing="0" style="height: 160px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.88235%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Issuance date </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 8.5%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Nature </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Company </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 11.0294%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Issuing company </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.88235%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Issuance </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Series </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 6%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Maturity </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.20588%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Principal </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.41176%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Original remuneration </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 11.4706%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Hedge instrument/swap </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.85294%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Remuneration payment </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 6.76471%;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Nominal amount payment </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Apr/17 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ipiranga Prod. De Petr&#243;leo S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Eco Consult - Consultoria de Oper. Financ. Agropecu&#225;rias Ltda. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>5</span><span style="font-size: 8pt;"><sup>th</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>2</span><span style="font-size: 8pt;"><sup>nd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Apr/24 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 352,361 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">IPCA + 4.68%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;">93.9% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Annually </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At maturity </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Oct/17 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ipiranga Prod. De Petr&#243;leo S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Vert Companhia Securitizadora </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>7</span><span style="font-size: 8pt;"><sup>th</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>2</span><span style="font-size: 8pt;"><sup>nd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Oct/24 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 213,693 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">IPCA + 4.34%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;">97.3% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Annually </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At final maturity </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Dec/18 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ipiranga Prod. De Petr&#243;leo S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Vert Companhia Securitizadora </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>8</span><span style="font-size: 8pt;"><sup>th</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>2</span><span style="font-size: 8pt;"><sup>nd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Dec/25 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 240,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">IPCA + 4.61%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;">97.1% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Annually </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At final maturity </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Nov/19 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ultracargo Logistica S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>1</span><span style="font-size: 8pt;"><sup>st</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Single </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Nov/24 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 90,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 6.47%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;">99.94% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Semiannually </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At final maturity </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Mar/21 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ultracargo Solu&#231;&#245;es Log&#237;sticas S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>1</span><span style="font-size: 8pt;"><sup>st</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Single </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Mar/28 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 360,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">IPCA + 4.04%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;">111.4% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Semiannually </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At final maturity </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Mar/21 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ultracargo Logistica S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>2</span><span style="font-size: 8pt;"><sup>nd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Single </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Mar/28 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 100,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">IPCA + 4.37%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;">111.4% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Semiannually </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At final maturity </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Sept/21 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ipiranga Prod. De Petr&#243;leo S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Vert Companhia Securitizadora </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>10</span><span style="font-size: 8pt;"><sup>th</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Single </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Sept/28 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 960,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">IPCA&#160; + 4.8287%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;">102.75% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Semiannually </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At final maturity </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jun/22 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ipiranga Prod. De Petr&#243;leo S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Vert Companhia Securitizadora </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>11</span><span style="font-size: 8pt;"><sup>th</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Single </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jun/32 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 1,000,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">IPCA + 6.0053%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;">104.8% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Semiannually </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">Annual from the 8<sup>th</sup> year</span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jun/23 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ipiranga Prod. De Petr&#243;leo S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Vert Companhia Securitizadora </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>12</span><span style="font-size: 8pt;"><sup>th</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>1</span><span style="font-size: 8pt;"><sup>st</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jun/27 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 325,791 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">11.17% p.a.</span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;">105.1% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Quarterly </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At final maturity </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jun/23 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ipiranga Prod. De Petr&#243;leo S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Vert Companhia Securitizadora </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>12</span><span style="font-size: 8pt;"><sup>th</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>2</span><span style="font-size: 8pt;"><sup>nd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jun/27 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 292,209 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">DI + 0.70% p.a.</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Quarterly </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At final maturity </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jul/23 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ipiranga Prod. De Petr&#243;leo S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Vert Companhia Securitizadora </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>13</span><span style="font-size: 8pt;"><sup>th</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>1</span><span style="font-size: 8pt;"><sup>st</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jul/27 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 200,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 11.17% p.a.</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> <span style="border-right: none; border-left: none;">102.9% of DI</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Quarterly </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At final maturity </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jul/23 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> CRA </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ipiranga Prod. De Petr&#243;leo S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Vert Companhia Securitizadora </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>13</span><span style="font-size: 8pt;"><sup>th</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>2</span><span style="font-size: 8pt;"><sup>nd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jul/27 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 200,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">DI + 0.70% p.a.</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Quarterly </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At final maturity </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jul/24 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Companhia Ultragaz S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>2</span><span style="font-size: 8pt;"><sup>nd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>1</span><span style="font-size: 8pt;"><sup>st</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jul/27 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 455,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">DI + 0.65% p.a.</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Semiannually </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At final maturity </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jul/24 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Companhia Ultragaz S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>2</span><span style="font-size: 8pt;"><sup>nd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>2</span><span style="font-size: 8pt;"><sup>nd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jul/29 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 245,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">DI + 0.90% p.a.</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Semiannually </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At final maturity </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Aug/24 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Debentures </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; text-align: left;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Ultracargo Logistica S.A. </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span>-</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><span>3</span><span style="font-size: 8pt;"><sup>rd</sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Single </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Jul/34 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> 80,000 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">IPCA + 6.28%</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> Semiannually </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"> At final maturity </span></p> </td> </tr> </tbody> </table> <span></span>
</td>
</tr>
</table>
<div style="display: none;">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of detailed information about borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2024-01-01<br> -Paragraph 7<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of changes in loans, financing, debentures and derivative financial instruments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_SummaryOfChangesInLoansDebenturesAndDerivativesTableTextBlock</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of debentures.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_SummaryOfDebenturesTableTextBlock</td>
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<td><strong> Data Type:</strong></td>
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<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ugp_SummaryOfOperationsContractedLoansTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of main operations contracted loans.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ugp_SummaryOfOperationsContractedLoansTableTextBlock</td>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Trade Payables (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesAbstract', window );"><strong>Trade payables</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_SummaryOfTradePayablesTableTextBlock', window );">Summary of Trade Payables</a></td>
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<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; height: 81px; width: 100%;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 79%; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Domestic suppliers </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit;"> 2,558,813 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit;"> 2,907,042 </span></p> </td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Trade payables - domestic related parties (see Note <span>8</span>.b) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 23,432 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 82,843 </span></p> </td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Foreign suppliers </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 776,052 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit;"> 1,628,177 </span></p> </td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"> Trade payables - foreign related parties (see Note <span>8</span>.b) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 160,088 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 64,609 </span></p> </td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> <span style="border-left: none; border-right: none;">3,518,385</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 4,682,671 </span></p> </td> </tr> </tbody> </table> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_SummaryOfTradePayablesAveragePaymentTermTableTextBlock', window );">Summary of trade payables average payment term</a></td>
<td class="text">
<div style="border-left: none; border-right: none;">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 37px; width: 100%;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><br/></p> </td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Consolidated </span></p> </td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Reverse factoring </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Comparable suppliers<sup><span>1</span></sup></span></span></p> </td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 80%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Average payment term </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 10%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8 </span></p> </td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><br/></span></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><span style="font-size: 8pt;"><sup>1</sup></span><span>Comparable suppliers are those that have not adhered to reverse financing agreements, considering specific characteristics of payment conditions.</span></span></span></p> <span></span>
</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherPayablesAbstract</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of trade payables average payment term.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Employee benefits and private pension plan (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutDefinedBenefitPlansAbstract', window );"><strong>Employee benefits and private pension plan</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansExplanatory', window );">Post-employment benefits</a></td>
<td class="text">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">The amounts related to such benefits are based on a valuation conducted by an independent actuary and reviewed by Management as of December 31, 2024.</span></p>
<div id="t_ft_WJT9WOZV7400000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 116px;" width="100%">
<tbody>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 77%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt; line-height: inherit;">Health and dental care plan <span style="font-size: 8pt;"><sup>(1)</sup></span></span></span></p> </td>
<td style="padding: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 177,958 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 15px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 211,279 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Indemnification of FGTS </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 32,420 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 38,456 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Seniority bonus </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,795 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,026 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt; line-height: inherit;">Life insurance <span style="font-size: 8pt;"><sup>(2)</sup></span></span></span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,703 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,062 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 222,876 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 264,823 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 24,098 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;"><br/></td>
<td style="padding: 0px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 23,612 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 16px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current </span></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 198,778 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 15px;"><br/></td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 241,211 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 15px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">(<span>1</span>) </span></span><span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">Applicable to Ipiranga, Tropical </span><span style="line-height: inherit;">(merged by Ipiranga) </span><span style="line-height: inherit;">and Iconic.</span></span></span></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">(<span>2</span>) </span></span><span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;">Applicable to Ipiranga, Tropical</span><span style="line-height: inherit;"> (merged by Ip</span><span style="line-height: inherit;">iranga)</span><span style="line-height: inherit;">, Ultragaz and Ultrapar.</span></span></span></p> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory', window );">Changes in provision for post-employment benefits</a></td>
<td class="text">
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Changes in the present value of the post-employment benefit obligation occurred as follows:</span></p>
<div id="t_ft_U13OT723ZK00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 112px;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2022 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 65%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Opening balance </span></p> </td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 264,823 </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 215,556 </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 215,719 </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Expense for the year </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 27,077 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 17,521 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 20,944 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Update/change of benefit </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> (10,094 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> - </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 494 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Actuarial (gains) losses from changes in actuarial assumptions </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> (41,727 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 52,099 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> (2,589 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Benefits paid directly by the Company and its subsidiaries </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> (17,203 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> (20,353 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> (19,012 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Closing balance </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 222,876 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 264,823 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 215,556 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr> </tbody> </table> </div> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_SummaryOfEmploymentBenefitExpenseTableTextBlock', window );">Post-employment benefit expense</a></td>
<td class="text">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The total expense for each year is presented below:</span></p>
<div id="t_ft_BW2EU51M9S00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 103px;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2024 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2023 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Arial; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2022 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 65%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Health and dental care plan </span></p> </td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 20,420 </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 11,182 </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Arial; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 14,660 </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Indemnification of FGTS </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 5,290 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 4,909 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Arial; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 4,766 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Seniority bonus </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 254 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 286 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Arial; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 563 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Life insurance </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 1,113 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 1,144 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Arial; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 955 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Total </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 27,077 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 17,521 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Arial; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 20,944 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px;" valign="bottom"><br/></td> </tr> </tbody> </table> </div> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_SummaryOfSignificantActuarialAssumptionsAdoptedTableTextBlock', window );">Significant actuarial assumptions adopted</a></td>
<td class="text">
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The main actuarial assumptions used are:</span></p>
<div id="t_ft_CGONGK3M4000000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 163px; width: 100%;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Economic factors </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> % p.a. </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> % p.a. </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 77%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Discount rate for the actuarial obligation at present value &#8211; Indemnification of FGTS </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 11.97 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; width: 1%; background-color: #cceeff;"><br/></td>
<td style="padding: 0px; vertical-align: middle; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 9.41 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; width: 1%; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Discount rate for the actuarial obligation at present value &#8211; Bonus </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 11.82 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 9.41 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Average discount rate for the actuarial obligation at present value &#8211; Medical services </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 11.07 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 9.53 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Discount rate for the actuarial obligation at present value &#8211; Life insurance </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 11.82 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 9.41 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Average projected salary growth rate &#8211; FGTS indemnity </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 6.80 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 6.83 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Average projected bonus growth rate </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 7.33 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 7.33 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Inflation rate (long term) </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 3.5 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 3.5 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> Medical services growth rate </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 7.64 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> 7.64 </span></p> </td>
<td style="padding: 0px; vertical-align: middle; height: 17px;"><br/></td> </tr> </tbody> </table> </div> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory', window );">Sensitivity analysis</a></td>
<td class="text">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 42px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> Assumption </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> Change in assumptions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> Decrease in liability </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> Change in assumptions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 8pt; font-weight: bold; line-height: inherit; font-family: 'times new roman', times;"> Increase in liability </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 32%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Discount rate </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; background-color: #cceeff; width: 18%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> increase by 1.0 p.p. </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 15%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 19,736 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; background-color: #cceeff; width: 15%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> decrease by 1.0 p.p. </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 15%; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 23,953 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 10px;"><br/></td> </tr>
<tr style="height: 12px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 12px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Salary growth rate </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 12px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 12px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> decrease by 1.0 p.p. </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 12px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 12px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 284 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 12px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 12px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> increase by 1.0 p.p. </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 12px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 12px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 304 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 12px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Medical services growth rate </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> decrease by 1.0 p.p. </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 18,385 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> increase by 1.0 p.p. </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 22,185 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;"><br/></td> </tr> </tbody> </table> <span></span>
</td>
</tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of defined benefit plans. [Refer: Defined benefit plans [domain]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2024-01-01<br> -Paragraph 138<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_138&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of a net defined benefit liability (asset). [Refer: Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2024-01-01<br> -Paragraph 140<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_140_a&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of a sensitivity analysis for significant actuarial assumptions used to determine the present value of a defined benefit obligation. [Refer: Actuarial assumptions [domain]; Defined benefit obligation, at present value]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2024-01-01<br> -Paragraph 145<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_145&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
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<tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The tabular disclosure of employment benefit expenses.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The tabular disclosure of significant actuarial assumptions made and the method used to calculate the actuarial present value of promised retirement benefits in retirement benefit plans.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Provisions and contingent liabilities (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesAbstract', window );"><strong>Provisions and contingent liabilities</strong></a></td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfProvisionsExplanatory', window );">Breakdown of provisions by nature</a></td>
<td class="text">
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below presents the breakdown of provisions by nature and their changes:</span></p>
<div id="t_ft_O03OTR5EFK00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 100px; width: 100%;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Provisions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Balance as </span><br/><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">of 12/31/2023</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Reversals</span> <span style="font-weight: bold; vertical-align: super; line-height: inherit;">(<span>1</span>)</span></span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Payments/ write-offs </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Interest </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Balance as </span><br/><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">of 12/31/2024</span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 34%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IRPJ and CSLL (a<span>.1</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 636,167 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 949 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (15,124 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (610,534 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 21,488 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 32,946 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Tax </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 107,172 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 41,474 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (72,427 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (10,002 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 867 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 67,082 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Civil, environmental and regulatory claims </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 150,258 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 66,215 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (19,002 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (35,519 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 20 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 161,972 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for indemnities (a<span>.2</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 203,780 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 19,519 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,081 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (12,959 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,549 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 206,808 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Labor </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 59,144 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 18,468 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (16,447 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,764 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 768 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 54,169 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 147,609 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,564 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (15,148 </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,684 </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,040 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 135,383 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,304,130 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 154,189 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (144,229 </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (683,462 </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,732 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 658,360 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 45,828 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 47,788 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,258,302 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 610,572 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><br/></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-size: 8pt; line-height: inherit;"><span style="line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">(<span>1</span>) </span> </span></span><span>Of this amount, MR$ 28,612 corresponds to the reversals of updates.</span></span></p>
<p style="margin:0pt"><br/></p>
<div id="t_ft_MQCB3BRFKG00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 137px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Provisions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Reversals </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Payments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Interest </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Acquisition of subsidiary </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Balance as of 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 23%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IRPJ and CSLL (a<span>.1</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 559,217 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14,597 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,717 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 69,070 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 636,167 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 15px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Tax </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 68,434 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 46,743 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (21,148 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (14,747 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,101 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 789 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 107,172 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Civil, environmental and regulatory claims </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 93,416 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 124,857 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (29,402 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (39,071 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 458 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 150,258 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Labor litigation </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 73,172 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,333 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (27,308 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (16,310 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,257 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 59,144 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for indemnities (a<span>.2</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 150,820 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 32,691 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,969 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 28,238 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 203,780 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 95,113 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 47,329 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (8,031 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,198 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 147,609 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,040,172 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 293,550 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (100,575 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (70,128 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 139,864 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,247 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,304,130 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 22,837 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 45,828 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,017,335 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,258,302 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"> <br/></p>
<div style="border-left: none; border-right: none;">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 152px;" width="100%">
<tbody>
<tr style="height: 31px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Provisions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> Balance as of 12/31/2021 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Additions </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Reversals </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Payments </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Interest </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Acquisition of subsidiary </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; font-weight: bold;"> Balance as of 12/31/2022 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 23%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IRPJ and CSLL (a<span>.1</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 552,172 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,154 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (36,683 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 1%;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 36,574 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 559,217 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px; width: 1%;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Tax </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 84,155 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 35,238 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (14,907 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (38,097 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,045 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 68,434 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Civil, environmental and regulatory claims </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 108,761 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 18,326 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (9,980 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (23,700 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 93,416 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Labor litigation </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 95,460 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 22,663 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (22,387 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (23,142 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 578 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 73,172 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provision for indemnities (a<span>.2</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 150,820 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 150,820 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 91,637 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,812 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,850 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">- </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,514 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 95,113 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 932,185 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 239,013 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (87,807 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (84,939 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">)</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 41,720 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,040,172 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 119,942 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 22,837 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 812,243 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,017,335 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 15px;"><br/></td> </tr> </tbody> </table> </div> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_SummaryOfBalancesOfEscrowDepositsTableTextBlock', window );">Balances of escrow deposits</a></td>
<td class="text">
<p style="margin: 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Balances of escrow deposits by nature are as follows:</span></p>
<div id="t_ft_O27FZOFXQO00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 57px; width: 100%;" width="100%">
<tbody>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 78%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Tax (a<span>.1</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 306,593 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 856,830 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Labor </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 24,070 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 37,715 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Civil and others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 115,413 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 138,172 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 446,076 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,032,717 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> </tbody> </table> </div> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesExplanatory', window );">Balances of Contingent liabilities (possible) by nature</a></td>
<td class="text">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 71px; width: 99.8642%;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Contingent liabilities (possible) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 78%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Tax (b<span>.1</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,176,046 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,148,224 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Civil (b<span>.2</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 815,203 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 624,653 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Labor </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 293,938 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 240,515 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,285,187 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,013,392 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> </tbody> </table> <span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of contingent liabilities. [Refer: Classes of contingent liabilities [domain]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 37<br> -IssueDate 2024-01-01<br> -Paragraph 86<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=37&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_86&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of provisions. [Refer: Provisions]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The tabular disclosure of escrow deposits.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Equity (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_EquityAbstract', window );"><strong>Equity [Abstract]</strong></a></td>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTreasurySharesExplanatory', window );">Schedule of balance of treasury shares</a></td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="vertical-align: bottom; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 76%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Balance of unrestricted shares held in treasury </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 19,283,471 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 16px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 16,195,439 </span></p> </td>
<td style="vertical-align: middle; background-color: #cceeff; height: 16px; width: 1%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Balance of treasury shares granted with right of use (see Note <span>20</span>.b) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14,083,439 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9,515,384 </span></p> </td>
<td style="vertical-align: middle; height: 16px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total balance of treasury shares as of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 33,366,910 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 25,710,823 </span></p> </td>
<td style="vertical-align: middle; background-color: #cceeff; height: 17px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory', window );">Balance and changes in other reserves</a></td>
<td class="text">
<div><span style="text-align: justify; text-indent: 0pt; font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">Balance and changes in Accumulated other comprehensive income of the Company are as follows: </span></div>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p>
<div id="t_ft_71JY0LH5I800000000000000000000b">
<table cellpadding="0" cellspacing="0" style="height: 248px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;"> Fair value of cash flow hedging instruments (i)</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Cumulative translation adjustments (ii) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Fair value of financial investments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-size: 8pt; font-family: 'times new roman', times; font-weight: bold; line-height: inherit;"> Actuarial gain/(loss) of post-employment benefits (iii) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Non-controlling shareholders interest change (iv) </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Others </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 38%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; font-weight: bold;"> As of December 31, 2021 </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 7%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (601,301 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 7%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 7%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (403 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 7%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (17,803 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 7%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> 197,369 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 7%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 7%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (422,138 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><span style="font-weight: bold;">)</span></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Changes in fair value of financial instruments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 910,804 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">- </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 403 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 747 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 911,954 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IRPJ and CSLL on fair value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (309,503 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">- </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">- </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> (309,503 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Actuarial gains of post-employment benefits of subsidiaries </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">- </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">- </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">- </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (610 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">- </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (610 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IRPJ and CSLL on actuarial gains </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">- </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">- </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 271 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">- </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">- </span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 271 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> As of December 31, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;">&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;">&#8208;</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (18,142 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 197,369 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 747 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 179,974 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Changes in fair value of financial instruments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (11,375 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 284 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (11,091 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IRPJ and CSLL on fair value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,691 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,691 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Actuarial gains of own and subsidiaries&#8217; post-employment benefits </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (28,710 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (28,710 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IRPJ and CSLL on actuarial gains </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,244 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,244 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> As of December 31, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (7,684 </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> &#8208;</span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (36,608 </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 17px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> 197,369 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> 1,031 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> 154,108 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td> </tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Changes in fair value of financial instruments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,186 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">- </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 52 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,238 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IRPJ and CSLL on fair value </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,691 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,691 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Actuarial gains of own and subsidiaries&#8217; post-employment benefits </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 24,587 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 24,587 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> IRPJ and CSLL on actuarial gains </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (9,164 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (9,164 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Currency translation adjustment of foreign associates </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 36,134 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 36,134 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> As of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> 811 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> 36,134 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> (21,185 </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 10px; margin: 0px; text-indent: 0px; background-color: rgb(204, 238, 255); vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> 197,369 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> 1,083 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">214,212</span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold;"><br/></span></td> </tr> </tbody> </table> </div> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_SummaryOfDividendsAndAllocationOfNetIncomeTableTextBlock', window );">Dividends and Allocation of Net Income</a></td>
<td class="text">
<p style="margin: 0pt 0pt 10pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The management's proposal for the allocation of net income for <span>2024</span> and for distribution of dividends is as follows:</span> </p>
<div id="t_ft_R26SN2GLA800000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 282px; width: 99.6726%; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; text-decoration: underline; line-height: inherit;"> Allocation of net income </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2024 </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> 12/31/2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 65%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net income for the year attributable to shareholders of Ultrapar </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,362,740 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,439,795 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,800,839 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Legal reserve (5% of the profit) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (118,137 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (121,990 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (90,042 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Adjusted net income (basis for dividends) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,244,603 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,317,805 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,710,797 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Minimum mandatory dividends for the year (25% of the adjusted net income) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 561,151 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 579,451 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 427,699 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interim dividends already distributed (R$ 0.25 per share in <span>2024</span> and <span>2023</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (275,971 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (273,798 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><span style="font-family: 'times new roman', times; font-size: 10pt;">)</span></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest in capital, net of income tax, already paid (R$ 0.35 per share in <span>2022</span>) (*) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (396,314 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additional dividends to the minimum mandatory dividends </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 208,121 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 134,031 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 78,130 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Balance of proposed dividends payable (R$ 0.45 per share in <span>2024</span>, R$ 0.40 per share in <span>2023</span>, and R$ 0.10 per share in <span>2022</span>) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 493,301 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 439,684 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 109,515 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; text-decoration: underline; line-height: inherit;"> Allocation of net income </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Legal reserve (5% of the profit) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 118,137 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 121,990 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 90,042 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Statutory reserve </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,475,331 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,604,323 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,204,968 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interim dividends </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 275,971 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 273,798 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Interest on capital, net of income tax, already paid (R$ 0.35 per share) (*) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 396,314 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Complementary minimum mandatory dividends for the year (25% of the adjusted net income (-) interim dividends) </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 285,180 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 305,653 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 31,385 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additional dividends to the minimum mandatory dividends </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 208,121 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 134,031 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 78,130 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total distribution of net income for the year attributable to shareholders of Ultrapar </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,362,740 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,439,795 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,800,839 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> </div>
<p style="margin: 10pt 0pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="line-height: inherit;">(*) <span>The gross amount of interest on capital was R$ 450,004</span></span></span></p> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_DisclosureOfBalancesAndChangesInConsolidatedDividendsPayableExplanatory', window );">Summary of Balances and Changes in Consolidated Dividends Payable</a></td>
<td class="text">
<div style="margin: 0pt; text-indent: 0pt;"><span style="font-size: 10pt; text-align: justify; text-indent: 0pt; font-family: 'times new roman', times;">Changes in dividends payable are as follows:</span></div>
<div><span style="font-size: 10pt; text-align: justify; text-indent: 0pt;"><br/></span></div>
<div id="t_ft_FWF0VBBNCW00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 191px; text-indent: 0px;" width="100%">
<tbody>
<tr style="height: 11px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: middle; height: 11px; width: 88%; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2021 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 11px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 11px; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 202,860 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 11px; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provisions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 429,964 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: middle; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Prescribed dividends </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,948 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Payments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (581,351 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2022 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 48,525 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Provisions </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 688,189 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Prescribed dividends </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,048 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Payments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (400,025 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;">)</td> </tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2023 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 334,641 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Dividends payable </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 829,857 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Dividends prescribed </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,369 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">)</td> </tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Payments </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (833,658 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1%;">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 88%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Balance as of December 31, 2024 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span><br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 327,471 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> </tr> </tbody> </table> </div> <span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure of the analysis of other comprehensive income by item.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 106A<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_106A&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of treasury shares. [Refer: Treasury shares]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2024-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2024-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2024-03-27<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTreasurySharesExplanatory</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The tabular disclosure of balance and changes in dividends payable.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The tabular disclosure of allocation of net income and for distribution of dividends for the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Costs, expenses and other operating results by nature (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ExpenseByNatureAbstract', window );"><strong>Costs, expenses and other operating results by nature</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ugp_SummaryOfExpensesByNatureTableTextBlock', window );">Expenses by nature</a></td>
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<p style="font-size: 10pt; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-size: 10pt; font-family: 'times new roman', times;">The Company presents its results by nature in the consolidated statement of income and details below its costs, expenses and other operating results by nature:</span></p>
<p style="font-size: 10pt; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: Aptos; font-size: 10pt;"><br/></span></p>
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<div id="t_ft_X27D9MXQ5S00000000000000000000b">
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 236px; width: 99.9595%; text-indent: 0px;" width="100%">
<tbody>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Times new roman; font-size: 8pt; font-weight: bold;"> <span>2024</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"> <br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Times new roman; font-size: 8pt; font-weight: bold;"> <span>2023</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: Times new roman; font-size: 8pt; font-weight: bold;"> <span>2022</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 64%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt;font-family: 'times new roman', times;"> Raw materials and materials for use and consumption </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (121,796,193 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (114,657,376 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (135,651,809 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt;font-family: 'times new roman', times;"> Personnel expenses </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (2,591,309 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (2,335,738 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (1,657,783 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt;font-family: 'times new roman', times;"> Freight and storage </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (1,276,230 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (1,378,054 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (1,033,718 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt;"><span style=" font-family: 'times new roman', times; ">Decarbonization obligation <span style="font-size: 8pt;"><sup><span style="font-family: 'times new roman', times;">(a)</span></sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (584,371 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (740,298 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (638,542 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> Services provided by third parties </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (759,638 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (662,542 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (442,379 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt;font-family: 'times new roman', times;"> Depreciation and amortization </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (900,673 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (840,377 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (732,241 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt;font-family: 'times new roman', times;"> Amortization of right-of-use assets </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (312,060 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (305,900 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (288,419 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> Advertising and marketing </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (221,344 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (235,167 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (102,205 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt;"><span style="font-family: Times new roman;">Extemporaneous tax credits <span style="font-size: 8pt;"><sup><span style="font-family: 'times new roman', times;">(b)</span></sup></span></span></span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> 19,527 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> 34,247 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> Other expenses and income, net </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (155,806 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (468,794 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> 45,604 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (128,597,624 </span></p> </td>
<td style="padding: 0px 0px 1px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (121,604,719 </span></p> </td>
<td style="padding: 0px 0px 1px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (140,467,245 </span></p> </td>
<td style="padding: 0px 0px 1px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> Classified as: </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> Cost of products and services sold </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (123,811,893 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (116,730,469 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (136,276,257 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> Selling and marketing </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (2,499,547 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (2,253,226 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (2,141,985 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> General and administrative </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (1,872,092 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (2,018,159 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (1,534,481 </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> Other operating income (expenses), net </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (414,092 </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (602,865 </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (514,522 </span></p> </td>
<td style="padding: 0px 0px 0.5px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (128,597,624 </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (121,604,719 </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br/></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: Times new roman; font-size: 10pt;"> (140,467,245 </span></p> </td>
<td style="padding: 0px 0px 1.5px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">)</td> </tr> </tbody> </table> </div> </div>
<div style="font-size: 10pt; line-height: 1.2;"><br/></div>
<div id="t_ft_5D3AV6CD9C00000000000000000000b">
<table style="width: 100%; margin: 0px; height: 20px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">
<tbody>
<tr style="height: 10px;">
<td style="width: 3.1355%; height: 10px; vertical-align: top;" valign="top"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">(a)</span></span></td>
<td style="width: 96.8645%; height: 10px; vertical-align: top; text-align: justify;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Refers to the obligation established by the RenovaBio program to meet decarbonization targets for the gas and oil sector. The amounts are presented in Other operating income (expenses), net. For further information, see Note <span style="border-left: none; border-right: none;">14</span>.</span></span></td> </tr>
<tr style="height: 10px;">
<td style="width: 3.1355%; height: 10px; vertical-align: top; padding: 0px; margin: 0px; text-indent: 0px;" valign="top"><span style="font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> (b)</span></span></td>
<td style="width: 96.8645%; height: 10px; vertical-align: top; padding: 0px; margin: 0px; text-indent: 0px;" valign="top"><span><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Refers substantially to the exclusion of ICMS from the PIS and COFINS calculation basis.</span></span></td> </tr> </tbody> </table> </div> </div> <span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The tabular disclosure of expenses by nature.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Financial result (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> <span>2024</span> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> <span>2023</span> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> <span>2022</span> </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Finance income: </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 14px; width: 64%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest on financial investments </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 514,460 </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 518,607 </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; width: 10%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 388,675 </span></p> </td>
<td style="padding: 0px; width: 1%; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 14px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest from customers </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 173,184 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 127,562 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 128,052 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 14px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Update of subscription warrants (see Note <span>19</span>) </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 31,657 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 5,099 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 14px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Selic interest on PIS/COFINS credits </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 57,839 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 132,257 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 35,268 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 14px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Update of provisions and other income </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 103,934 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 102,458 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 149,595 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 881,074 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 880,884 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 706,689 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Financial expenses: </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 14px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest on loans </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,235,748 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,482,183 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,465,259 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 14px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest on leases payable </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (133,767 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (143,005 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (128,069 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 14px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Update of subscription warrants (see Note <span>19</span>) </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (45,084 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#8208; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 14px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Bank charges, financial transactions tax, and other taxes </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (151,518 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (156,481 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (119,828 </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 14px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Foreign exchange variations, net of gain (loss) on derivative financial instruments </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (280,861 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 38,161 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (458,032 </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">)</td> </tr>
<tr style="height: 17px;">
<td style="padding: 0px 14px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Update of provisions, net, and other expenses </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (11,114 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (91,422 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (4,709 </span></p> </td>
<td style="padding: 0px 0px 0.5px; vertical-align: bottom; height: 17px;" valign="bottom">)</td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 14px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,813,008 </span></p> </td>
<td style="padding: 0px 0px 0.5px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,880,014 </span></p> </td>
<td style="padding: 0px 0px 0.5px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,175,897 </span></p> </td>
<td style="padding: 0px 0px 0.5px; background-color: #cceeff; vertical-align: bottom; height: 10px;" valign="bottom">)</td> </tr>
<tr style="height: 10px;">
<td style="padding: 0px 14px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: left;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (931,934 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p> </td>
<td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (999,130 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px;" valign="bottom"><br/></td>
<td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,469,208 </span></p> </td>
<td style="padding: 0px 0px 1.5px; vertical-align: bottom; height: 10px;" valign="bottom">)</td> </tr> </tbody> </table> <span></span>
</td>
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Earnings per share (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2024</div></th></tr>
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<td class="text">&#160;<span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_EarningsPerShareExplanatory', window );">Basic and diluted earnings per share</a></td>
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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><span style="font-size: 10pt; font-family: 'times new roman', times;">The table below presents a reconciliation of numerators and denominators used in computing earnings per share. The Company has a stock plan and subscription warrants, as mentioned in Notes </span><span style="font-family: Aptos; font-size: 10pt;"><span style="font-family: 'times new roman', times;"><span>8</span>.d and <span>19</span>, respectively</span>.</span></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br/></p>
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<table cellpadding="0" cellspacing="0" style="height: 245px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%">
<tbody>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> <span style="border-left: none; border-right: none;">2024</span> </span></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> <span style="border-left: none; border-right: none;">2023</span> </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> </span><br/></p> </td>
<td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">2022</span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"><br/></td> </tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Total </span></p> </td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Continuing operations </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;"> Discontinued operations </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> Total </span></p> </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 46%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; font-weight: bold;"> Basic earnings per share </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 9%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 9%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 9%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 9%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 9%;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Net income for the year of the Company </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,362,740 </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,439,795 </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,498,981 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 301,858 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,800,839 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Weighted average number of shares outstanding (in thousands) </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,102,130 </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,095,469 </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,091,990 </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,091,990 </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,091,990 </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Basic earnings per share - R$ </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2.1438 </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2.2272 </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1.3727 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 0.2764 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1.6491 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Diluted earnings per share </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Net income for the year of the Company </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,362,740 </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2,439,795 </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,498,981 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 301,858 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,800,839 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Weighted average number of outstanding shares (in thousands), including dilution effects </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,117,595 </span></p> </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,104,942 </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,098,692 </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,098,692 </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,098,692 </span></p> </td>
<td style="padding: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Diluted earnings per share - R$ </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2.1141 </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2.2081 </span></p> </td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1.3643 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 0.2747 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1.6391 </span></p> </td>
<td style="padding: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Weighted average number of shares (in thousands) </span></p> </td>
<td style="padding: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
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<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
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<p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Weighted average number of shares for basic earnings per share </span></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,102,130 </span></p> </td>
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<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
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<p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 1,095,469 </span></p> </td>
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<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span><br/></p> </td>
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